Group 1: Investor Relations Activities - The company participated in multiple broker strategy meetings and one-on-one roadshows in Shanghai from May 22 to May 29, 2025 [2][3] - Key participants included major financial institutions such as BlackRock, Minsheng Securities, and CITIC Securities [2] Group 2: Business Performance and Market Expansion - In Q1 2025, the company achieved a sales volume of 30,000 vehicles, generating revenue of CNY 4.59 billion, with a gross margin of 14.3% [3][5] - The "Starlink Plan" led to a 180% increase in sales revenue in the western market, while the "Xiongqi Plan" resulted in a 120% year-on-year increase in order volume in targeted northern regions [3][4] Group 3: Profitability and Market Trends - Domestic semi-trailer gross margin increased by 2.9 percentage points year-on-year, while the gross margin for the global southern market rose by 7.5 percentage points [5] - The decline in demand in the North American semi-trailer market affected the product mix, leading to a decrease in the sales proportion of high-margin products [3][5] Group 4: Value Creation and Shareholder Returns - The company aims to enhance value creation and strengthen its fundamentals, focusing on core business and technological breakthroughs [5][6] - A shareholder return plan for 2024-2026 includes a cumulative dividend of CNY 1.05 billion in 2024 [5][6] Group 5: Product Development and Future Plans - The company initiated the "Shuxiang Project" in 2018 to explore autonomous electric container transfer vehicles, with significant product development milestones achieved by 2023 [6][7] - Plans for 2025 include launching the "pure electric head and trailer mixer truck" and expanding sales and service networks in the southwestern region [7]