Core Viewpoint - The company is focusing on expanding its market share while enhancing product quality and developing new materials to meet diverse customer needs in the sealing component industry [1][3]. Group 1: Business Strategy - The company plans to improve its material system and product development capabilities while pursuing acquisitions of high-quality enterprises in the material technology sector [1]. - The company aims to enhance product quality and optimize existing materials to cater to personalized demands across various fields [1]. Group 2: Financial Performance - In 2024, the company's net increase in cash and cash equivalents was -92,718,573.88 yuan, a decrease of 277.00% year-on-year, primarily due to a significant asset restructuring [2]. - The company anticipates potential fluctuations in performance due to macroeconomic conditions and industry cycles, while emphasizing the importance of material research and product quality [3]. Group 3: Market Position and Competition - The company is positioned relatively well in the domestic market, with major competitors including international firms like NOK, Parker Hannifin, and Trelleborg [4]. - The company has achieved domestic substitution for some products in specific applications, such as excavators and oil and gas extraction equipment [5]. Group 4: International Expansion - The company is actively expanding its overseas business through collaborations with international clients and direct supply to foreign customers, primarily in the oil and gas and construction machinery sectors [5]. - The impact of global trade tariff disputes on the company's product sales is limited due to the small proportion of international business [5]. Group 5: Research and Development - The company is exploring the feasibility of entering the humanoid robot market and has plans for potential collaborations in developing low-friction, long-life sealing components [6]. - Currently, the company's products do not yet serve the humanoid robot sector, but there is recognition of the market potential [6].