Company Overview - The company specializes in the research, production, and sales of electronic and electrical functional materials, focusing on thermal management and waterproof sealing innovations to enhance product reliability [2]. - Key products include graphite heat sinks, thermal pads, thermal gels, phase change materials, and various cooling devices, applicable in consumer electronics, new energy vehicles, and data centers [2]. Financial Performance - In 2024, the company achieved a revenue of CNY 656 million, a year-on-year increase of 51.10%, while net profit attributable to shareholders was CNY 52.46 million, a decrease of 3.88% [2]. - In Q1 2025, revenue reached CNY 183 million, up 93.59% year-on-year, with net profit of CNY 17.72 million, an increase of 79.57% [2][3]. Market Drivers - Growth is driven by market demand expansion and favorable industrial policies, particularly in consumer electronics and automotive sectors [3]. - Increased orders from major North American clients and improved operational capabilities of subsidiaries are also contributing factors [3]. - Ongoing capacity release from fundraising projects and the establishment of a factory in Vietnam will enable the company to handle more orders [3]. Product Applications - The company’s products are applicable in various fields, including robotics, where thermal management solutions are critical for performance and safety [4][5]. - In data centers, the company addresses cooling challenges with a range of products, including liquid cooling and heat pipes [6]. Strategic Initiatives - The company plans to enhance its market share in graphite products and expand into AI server markets while continuing to innovate in product development [6]. - Key projects for 2025 include expanding production capacity for graphite films and liquid cooling products, as well as developing high-performance thermal interface materials [6][7]. Future Outlook - The company aims to become a leader in electronic and electrical product protection and thermal control technologies, focusing on integrated failure solutions across various industries [7]. - There is confidence in achieving growth in 2025 through market expansion, innovation, and improved management practices [7].