Core Viewpoint - Guangdong Fuxin Technology Co., Ltd. has implemented a "Quality Improvement, Efficiency Enhancement, and Return to Shareholders" action plan for 2025, focusing on enhancing core competitiveness and maintaining shareholder interests [1][8] Group 1: Business Performance - The company's net profit attributable to shareholders for the first half of 2025 was 20.35 million yuan, a year-on-year decrease of 8.59%, while the adjusted net profit increased by 2.67% to 22.85 million yuan [1] - In the thermoelectric device sector, sales revenue grew by 20.44%, with a monthly production capacity of 600,000 Micro TEC units established [2] - The thermoelectric system segment saw a stable revenue increase of 1.24%, while the thermoelectric complete machine products faced revenue shortfalls due to tariff policies [3] Group 2: Research and Development - The company invested 17.40 million yuan in R&D in the first half of 2025, an increase of 11.39%, representing 6.45% of total revenue, and filed 18 new patent applications [3][4] - The total number of intellectual property rights held by the company reached 142, including 37 invention patents [3] Group 3: Talent and Management - As of June 30, 2025, the company employed 174 R&D personnel, accounting for 12.37% of the total workforce, and engaged in collaborative research with renowned institutions [4] - The company has implemented digital transformation initiatives, deploying various management systems to enhance operational efficiency [4] Group 4: Shareholder Returns - The company approved a cash dividend of 3.50 yuan per 10 shares, totaling approximately 30.88 million yuan, which is 69.42% of the net profit attributable to shareholders for 2024 [5] - The company has also approved the use of up to 120 million yuan of idle funds for cash management, ensuring efficient use of resources [5][6] Group 5: Governance and Compliance - The company adheres to legal and regulatory frameworks, holding multiple board meetings and enhancing communication with key stakeholders to ensure accountability [7] - The company emphasizes the importance of compliance and governance, conducting training for key personnel to improve their responsibilities and risk awareness [7] Group 6: Future Outlook - The company is committed to continuously evaluating and implementing the "Quality Improvement, Efficiency Enhancement, and Return to Shareholders" action plan, while focusing on core business development and enhancing investor confidence [8][9]

Core Viewpoint - The annual shareholder meeting of Guangdong Fuxin Technology Co., Ltd. is set to discuss various proposals, including the appointment of financial and internal control audit institutions for 2025, and the company's operational performance in 2024, which shows significant revenue growth and profitability recovery [1][5][26]. Group 1: Meeting Procedures and Regulations - The meeting will ensure the verification of attendees' identities to maintain order and efficiency [1]. - Attendees must arrive on time for registration and are entitled to speak, inquire, and vote during the meeting [2]. - Voting will be conducted through both on-site and online methods, with specific time frames for each [3][4]. Group 2: Financial Performance and Business Development - In 2024, the company achieved a revenue of 515.63 million yuan, a year-on-year increase of 29.04%, and a net profit attributable to shareholders of 44.48 million yuan, marking a return to profitability [8][12]. - The company invested 33.77 million yuan in R&D, representing 6.55% of its revenue, and filed 14 patent applications during the year [9][10]. - The sales revenue from consumer electronic components grew by 17.10%, while the sales of thermal systems increased by 31.84% [10][11]. Group 3: Shareholder Returns and Corporate Governance - The company plans to distribute a cash dividend of 3.50 yuan per 10 shares, totaling approximately 30.88 million yuan, which is 69.42% of the net profit [26][27]. - A share buyback plan was implemented, with 1.5 million shares repurchased, amounting to 30.49 million yuan, contributing to a total return of 61.37 million yuan to shareholders [12][27]. - The board of directors emphasizes the importance of corporate governance and compliance with legal regulations to enhance operational transparency and shareholder trust [18][19]. Group 4: Future Plans and Strategic Initiatives - The company aims to support its operational team in achieving the 2025 business goals, including expanding production capacity and enhancing digital transformation efforts [17]. - Plans include improving corporate governance and compliance with new regulations, as well as enhancing investor relations management [18][19]. - The board will focus on training and development for directors and senior management to strengthen governance capabilities [18]. Group 5: Audit and Compliance - The company proposes to reappoint Zhongshun Zhonghuan Accounting Firm as the financial and internal control auditor for 2025, citing their familiarity with the company [30][31]. - The audit firm has a strong track record and is insured against professional liability, ensuring investor protection [31][32]. - The audit fees will be determined based on the complexity of the services provided and will be authorized by the management [33].