Financial Performance - Jinyang New Energy reported a revenue of approximately RMB 253.514 million for the year 2024, a decrease from RMB 295.348 million in 2023 [1] - The company's gross profit for 2024 was RMB 32.934 million, down from RMB 42.905 million in the previous year [1] - The net loss for 2024 was approximately RMB 276.031 million, an improvement of 15% compared to a net loss of RMB 323.829 million in 2023 [1] - The loss per share for the year was RMB 15.294 [1] Cost and Expenses - Sales costs decreased to RMB 220.580 million in 2024 from RMB 252.443 million in 2023 [1] - Research and development costs were reduced to RMB 60.226 million from RMB 83.352 million year-on-year [1] - General and administrative expenses decreased to RMB 221.595 million from RMB 257.115 million [1] Management and Leadership - The CEO of Jinyang New Energy, He Shuangquan, has over 26 years of work experience, including more than 13 years in the photovoltaic industry [2] - He Shuangquan previously held the position of president at Wuxi Suntech Power Co., Ltd., a well-known photovoltaic company [2][3] Company Overview - Jinyang New Energy Technology Holdings Limited operates in three main segments: the production and sale of footwear, graphene products, and original equipment manufacturing [4] - The company was formerly known as Baofeng Fashion International Holdings Limited [4]