Financial Performance - The company reported a total revenue of 231.1 million yuan for 2024, representing a year-on-year increase of 22.31% compared to 188.9 million yuan in 2023 [1] - The net profit attributable to shareholders increased by 207.52% to 33.49 million yuan from 10.89 million yuan in the previous year [1] - The net profit after deducting non-recurring gains and losses was 31.93 million yuan, up 188.37% from 11.07 million yuan [1] - Basic earnings per share rose to 0.84 yuan, a 188.66% increase from 0.29 yuan [1] Cost and Expenses - Sales expenses for 2024 were 42.83 million yuan, a decrease of 9.89% year-on-year [2] - Research and development expenses amounted to 7.44 million yuan, down 3.63% compared to the previous year [2] Product Segmentation - Revenue from cat food reached 195 million yuan with a gross margin of 43.72% [2] - Revenue from dog food was 10.02 million yuan with a gross margin of 41.94% [2] - Feed revenue was 24.34 million yuan with a gross margin of 39.45% [2] - Other business revenue was 1.66 million yuan with a gross margin of 22.30% [2] Workforce Changes - The total number of employees increased to 270 from 252, with a net addition of 18 employees [3] - Management personnel decreased by 4, while production personnel increased by 20 [3] Leadership and Governance - The chairman Liu Fengqi and vice general manager Guo Fengqin are married, and their son Liu Zhe is the general manager [4][5] - Liu Fengqi has extensive experience in various roles, including as a professor and in management positions within the company [4] - Guo Fengqin has held several engineering and management roles prior to her current position [5] - Liu Zhe has been involved in the company since 2018 and is set to take over as general manager in 2025 [5] Business Overview - The company specializes in the research, production, and sales of freeze-dried pet food, with main products including cat food, dog food, and feed [5]