Core Viewpoint - The company reported strong financial performance for 2024, with significant revenue growth and a focus on enhancing research and development capabilities to maintain its competitive edge in the electric connection components industry [2][4][10]. Financial Performance - In 2024, the company achieved operating revenue of 3.905 billion yuan, a year-on-year increase of 27.01% - The net profit attributable to shareholders was 233 million yuan, with a non-recurring net profit of 218 million yuan - The net cash flow from operating activities was 444 million yuan, reflecting a year-on-year growth of 37.06% [2][4][6]. Research and Development - The company has significantly increased its investment in new technologies and processes, with R&D expenditure reaching 144 million yuan, up 33.20% year-on-year - The R&D team has expanded by 123 personnel, a 23.84% increase compared to the previous year, focusing on advanced technologies such as aluminum alloy wire applications and energy storage components [3][4][9]. Future Outlook - The company plans to enhance its production capabilities in new facilities located in Liyang, Ningde, and Slovakia, aiming for effective production and scaling of existing orders - Future growth will focus on sectors such as new energy vehicles, energy storage, and emerging fields like low-altitude economy and intelligent healthcare [5][11]. Quarterly Performance - In Q1 2025, the company reported operating revenue of 958 million yuan, a year-on-year increase of 22.57% - The net profit attributable to shareholders was 60.15 million yuan, a slight decrease of 0.16% year-on-year, while the net cash flow from operating activities surged by 566.14% to 206 million yuan [6][13]. Shareholder Engagement - The company emphasizes sharing its development results with investors, proposing a cash dividend of 12 yuan per 10 shares and a capital reserve conversion of 4 shares for every 10 shares held, totaling 78.36 million yuan in cash dividends [7]. Industry Position - The overall industry outlook is positive, with the company highlighting its advantages in integrated electric connection solutions, diverse customer resources, and a strong focus on sustainable development [8][10].

Financial Performance - In 2024, the company achieved a revenue of 3.905 billion RMB, representing a year-on-year growth of 27.01% [1][3] - The net profit attributable to shareholders was 233 million RMB, with a non-recurring net profit of 218 million RMB [1][3] - The net cash flow from operating activities was 444 million RMB, an increase of 37.06% year-on-year [1][3] - In Q1 2025, the company reported a revenue of 958 million RMB, a year-on-year increase of 22.57%, while the net profit slightly decreased by 0.16% [6] Research and Development - The company invested 144 million RMB in R&D in 2024, a 33.20% increase compared to the previous year [2] - The R&D team expanded by 123 personnel, marking a 23.84% increase year-on-year [2] - The company focuses on advanced technologies such as CCS processes, including film thermal compression and direct welding [2][8] Future Outlook - The company aims to enhance its production capabilities in new bases located in Liyang, Ningde, and Slovakia [5] - Plans include scaling up R&D centers and improving automation and information technology levels [5] - The company is targeting growth in sectors like new energy vehicles, energy storage, and emerging fields such as low-altitude economy and intelligent technology [5][9] Shareholder Returns - The company plans to distribute a cash dividend of 12 RMB per 10 shares, totaling approximately 78.36 million RMB [7][8] - Additionally, a capital reserve conversion will result in a bonus share distribution of 4 shares for every 10 shares held, totaling 26.12 million shares [8] Industry Position - The overall industry performance is improving, with the company highlighting its advantages in integrated solutions, diverse customer resources, and sustainable development [8] - The company is well-positioned to leverage its expertise in the new energy sector, particularly in battery technology and smart manufacturing [9]