Group 1: Financial Performance - The company's operating income for 2024 is 62,053 million, a decrease of 0.56% year-on-year [7] - Net profit attributable to shareholders is 2,647 million, an increase of 247.40% year-on-year [7] - Deducting non-recurring gains and losses, the net profit is 2,161 million, a decrease of 47.88% year-on-year [7] Group 2: Profit Decline Reasons - The decline in net profit is primarily due to increased expenses from business expansion, project execution, and ongoing R&D and market investments, alongside a 15.36 million impairment loss [2] - The overseas revenue dropped from 167 million in 2023 to 0.75 million, a decline of 99.55% [2][3] Group 3: Market Strategy and Competition - The company aims to maintain market share through digital transformation and smart gas IoT development, with a focus on urban gas monitoring platforms [3] - The company is actively expanding into overseas markets to diversify revenue streams [3] Group 4: Growth Potential in Smart Gas Meters - The commercial smart gas meter market is projected to grow from 12 billion in 2025 to 28 billion by 2030, with a compound annual growth rate of 18.5% [4] - The growth is driven by a 12% annual increase in natural gas consumption in the industrial sector and mandatory smart meter coverage by 2027 [4] Group 5: Product Development and Innovation - The company has completed the R&D of ultrasonic gas meters, which offer advantages in measurement accuracy, lifespan, and operational costs compared to traditional meters [7] - The company is exploring partnerships in the hydrogen energy sector and evaluating feasibility for future collaborations [8] Group 6: Future Outlook and Strategic Goals - The company plans to enhance operational efficiency and core capabilities while pursuing mergers and acquisitions for external growth [8] - The focus for 2025 includes steady revenue growth, increased R&D investment, and capacity expansion to meet market demand [10]