Core Insights - The company reported a revenue of 621 million yuan for 2024, marking a year-on-year growth of 24.90%, while the net profit attributable to shareholders was a loss of 12.58 million yuan, reducing losses by 24.21 million yuan compared to the previous year [1] - The company's gross margin for its main business was 38.46%, an increase of 6.10 percentage points year-on-year [1] - The company maintained a high level of R&D investment, totaling 73.09 million yuan, which is a 44.50% increase year-on-year, accounting for 11.76% of revenue, up 1.59 percentage points from 2023 [1] Business Performance - The electronic chemicals segment achieved a revenue of 324 million yuan, with a growth rate exceeding 30% [2] - The company has successfully established over 160 pulse copper plating production lines, 59 horizontal copper plating lines, and 16 chemical nickel-gold production lines [2] - Significant breakthroughs in pulse electroplating technology have been made, with large-scale applications in AI server PCB fields [2] Market Position and Strategy - The company is focused on domestic substitution of electronic chemicals, breaking through high-end material technology bottlenecks, and actively engaging in strategic emerging industries such as new energy and semiconductors [1] - The company has achieved international competitiveness in passive component electroplating technology, reaching levels comparable to leading international brands, accelerating the domestic substitution process [2] - The company has made substantial progress in internationalizing its surface treatment technology, with successful applications and technology exports in Belarus [2]