Financial Performance - In Q1 2025, the net cash flow from operating activities increased by 832.18% year-on-year due to higher revenue, increased cash collections, and higher bill payments [2] - The net profit for Q1 2025 grew by 103.62% year-on-year, driven by increased sales volume, government subsidies, and reduced electricity costs [2] - For 2024, the company expects revenue of approximately CNY 1.024 billion, a year-on-year increase of 0.20%, while net profit is projected at CNY 149 million, a decline of 26.43% [6] Customer Revenue Breakdown - In 2024, revenue from end customers accounted for approximately 95%, while revenue from traders made up about 5% [3] Stock Performance and Management Response - The company's stock price has decreased by 22% this year, ranking around 5240 out of 5410 stocks, placing it in the bottom 3% [3] - The company emphasizes its commitment to market value management through share buybacks and dividends, aiming to enhance investor confidence [3] Dividend Distribution - The proposed cash dividend for 2024 is CNY 0.80 per 10 shares, totaling approximately CNY 31.73 million [4] - The company plans to maintain a balance between development, profit growth, and shareholder returns [4] Future Growth Drivers - Future growth will focus on enhancing operational efficiency, upgrading core capabilities in products, technology, and services, and pursuing mergers and acquisitions [5] Market and Competitive Landscape - The company’s gas prices are stable due to long-term contracts, with slight decreases in liquid product prices due to macroeconomic factors [5] - The company is not directly affected by U.S. tariff policies and plans to focus on domestic market development and technological advancements [5] Strategic Initiatives - The company is advancing its 2025 stock incentive plan, granting 739,700 restricted stocks to 229 individuals at a price of CNY 17.64 per share [7] - Ongoing acquisition plans are in progress, with due diligence being conducted on potential targets [8] - The company aims to expand its market presence both domestically and internationally, with a focus on diversifying its operations [9]