Group 1: Financial Performance - In 2024, revenue from rubber and plastic new materials increased by 3.43%, with a gross margin growth of 0.71% [4] - The company's short-term borrowings decreased by 68.07%, while cash funds increased by 226.51%, enhancing short-term solvency [7] - The company raised 242 million CNY through the Beijing Stock Exchange for projects, with a debt ratio of 18.59%, indicating financial stability [9] Group 2: Research and Development - R&D expenses increased by 24.62% in 2024, with no capitalization of these expenses [6] - Four new models of coal mine auxiliary transport equipment were developed, along with six specifications of aerospace hydraulic hoses [6] Group 3: Market and Client Development - The company deepened cooperation with major clients like Shaanxi Coal Group (37.7% share) and added 12 new military clients [10] - The company is enhancing its value chain through equipment leasing and maintenance services, which increases customer loyalty [11] Group 4: Strategic Goals - The core strategy is the "one body, two wings" approach, focusing on R&D of rubber and plastic materials while expanding into high-end markets like military and wind power [12] - The company aims to provide customized products to the coal industry and extend its service chain in manufacturing, maintenance, and leasing [12] Group 5: Environmental and Technological Initiatives - Development of environmentally friendly hydraulic seals and intelligent systems for coal mine equipment is underway [8] - A 60-ton pure electric shovel truck has been developed, accelerating the layout of intelligent and green products [8]

Group 1 - The introduction of the first digital production line for Fu tea in Shaanxi has led to a significant improvement in product quality and overall business performance for Xi'an Jingwei Fu Tea Co., Ltd. [1] - Shaanxi has been actively promoting digital transformation in enterprises, resulting in the emergence of successful cases among private enterprises, with 540 private high-tech companies and 95 specialized and innovative small and medium-sized enterprises in the city [1] - The city is focusing on developing industrial clusters in electronic displays, high-end equipment manufacturing, biomedicine, and new synthetic materials to drive high-quality regional economic development [1] Group 2 - Shaanxi Kolong New Materials Technology Co., Ltd. is a key player in the province's industrial chain, specializing in the research, production, and sales of rubber and plastic new materials and coal auxiliary transportation equipment [2] - The company aims to establish an industrial chain alliance to promote the development of the hydraulic transmission industry chain and facilitate the clustering of upstream and downstream enterprises in coal-producing regions [2] - The local government is encouraging private enterprises to integrate into key industrial chains and is organizing various activities to support high-quality development and collaboration among businesses [2][3]

Group 1: Investor Relations Activity - The company held a performance briefing on April 29, 2025, via an online platform, attended by investors [3] - Key personnel present included the Chairman, General Manager, and Financial Director [3] Group 2: Financial Performance - In 2024, the company achieved a revenue of CNY 48,345.58 million, a year-on-year increase of 9.46% [10] - Net profit reached CNY 8,691.35 million, reflecting a growth of 4.25% [10] - Total assets increased to CNY 108,137.84 million, up 30.73% year-on-year [10] - Shareholder equity rose to CNY 88,039.76 million, a significant increase of 44.97% [10] - The company's gross margin remains high, driven by the sales of high-value products [10] Group 3: Market Expansion and Product Development - The company is focusing on innovation and lean management to drive future profit growth [5] - It aims to expand into high-end markets such as high-speed rail and wind power [6] - The company has established a dedicated research center for emerging markets [6] - In 2024, revenue from maintenance services grew by 46.11%, and military product revenue increased by 30.88% [8] Group 4: Accounts Receivable and Risk Management - Accounts receivable stood at CNY 316 million, accounting for 65.42% of total revenue [8] - The company maintains a low risk of bad debts due to strict internal controls and a solid customer base [8] Group 5: Strategic Vision and Future Outlook - The company aims to become a global leader in high-end equipment core components [9] - It plans to leverage domestic coal production growth and military modernization for future opportunities [11] - The market for coal mining equipment is projected to reach CNY 179.8 billion from 2023 to 2025, with a growth rate of 10%-15% [11] - The company is committed to sustainable development and green technology [12]

Core Viewpoint - The company, Kolon New Materials, reported a steady growth in its financial performance for the year 2024, with a revenue of 483 million yuan and a net profit of approximately 86.91 million yuan, indicating a positive trend in its operational efficiency and profitability [1][2]. Financial Performance - The company achieved an operating income of 483 million yuan, representing a year-on-year increase of 9.46% [1]. - The net profit attributable to shareholders was approximately 86.91 million yuan, up by 4.25% compared to the previous year [1]. - The basic earnings per share stood at 1.33 yuan [1]. - The gross profit margin improved by 0.43 percentage points to 41.26% [1]. - Total assets reached 1.081 billion yuan, marking a 30.73% increase year-on-year [2]. - Shareholder equity rose to 880 million yuan, a significant increase of 44.97% [2]. - The net asset value per share increased by 17.41% to 11.13 yuan [2]. Business Operations - The company specializes in the research, production, and sales of hydraulic combination seals and hydraulic hoses, as well as the design and manufacturing of auxiliary transportation equipment for coal mines [1][2]. - It has established long-term stable partnerships with major coal and coal machine enterprises, ensuring a stable business in the coal industry [2]. - The company has expanded its business into the military industry, collaborating with numerous military-related enterprises and research institutions [2]. - It is also actively exploring opportunities in the high-speed rail and wind power sectors, demonstrating its capability to supply products in bulk [2]. Research and Development - The company invested approximately 27.17 million yuan in R&D, with an R&D intensity of 5.62% [3]. - Significant advancements were made in high-pressure PTFE hose components and new shock absorbers, enhancing the company's influence in the industry [3]. - The company added 24 new civilian clients and 12 military clients during the reporting period, indicating successful market expansion [3]. Product Development - Four new models of auxiliary transportation equipment for coal mines were developed, with one model receiving major technical equipment recognition [4]. - In the military supply sector, new specifications for hydraulic hoses were developed, and breakthroughs were made in the localization of PTFE hoses [4]. - The company aims to enhance its technical capabilities and brand recognition through collaborations with leading manufacturers in both military and civilian sectors [4].