Core Viewpoint - In 2024, Shudao Equipment achieved a record high operating revenue of 862 million yuan, representing a year-on-year growth of 28.90%, with a two-year average compound growth rate of 90% [1][2] Group 1: Financial Performance - The company reported a significant improvement in profitability, with a gross margin reaching its best level since 2019 and a net profit attributable to shareholders exceeding 72 million yuan, also a historical high [1] - The company aims to maintain steady growth in operating performance by focusing on its core business and expanding sustainably [2] Group 2: Business Expansion and Strategy - Shudao Equipment is recognized as a national "specialized, refined, distinctive, and innovative" small giant enterprise, with business expansion closely aligned with its core cryogenic technology [1] - The company is actively pursuing overseas market opportunities, particularly in Southeast Asia, Central Asia, and Central Africa, in line with the Belt and Road Initiative [2] - Recent successful projects include the completion of a 7000 liquid air separation project in Indonesia and the export of a 3000 cubic meter storage tank and vaporizer to Nigeria, enhancing the company's international competitiveness [2] Group 3: Collaboration and Innovation - The collaboration with Toyota on hydrogen fuel cell projects focuses on technology research and market expansion, aiming for resource integration to achieve technological breakthroughs and market share growth [1] - The company plans to continue leveraging its technological innovation capabilities and the resources of Shudao Group to support major national development strategies, including carbon neutrality and the construction of the Chengdu-Chongqing economic circle [2]