Group 1 - The company announced the resignation of three vice presidents, Huang Xiaoliang, He Xiaoyong, and Li Chuanping, to improve corporate governance and operational efficiency [2][3][4] - Huang Xiaoliang will continue to serve as vice chairman and participate in strategic decision-making after his resignation [2] - Li Chuanping will not hold any position in the company after his resignation [3] Group 2 - The board of directors approved the appointment of Xu Zengxin as the new vice president [4] - For the year 2024, the company's revenue composition is as follows: data communication 35.2%, power supply 23.65%, comprehensive energy saving 15.02%, new energy 12.7%, and components for new energy vehicles 9.91% [4]

Group 1: Business Operations and Revenue - The company engages in various project types with power plants, including direct supply, EP, and EPC contracts [2] - The plasma ignition business has seen growth in recent years due to accelerated infrastructure project approvals, although revenue recognition is delayed due to long construction cycles [3] - In Q1 2025, the deferred tax assets increased by 717.43 thousand yuan, a growth of 50.62%, attributed to the recognition of deductible temporary differences from previous losses [4] Group 2: Financial Performance and Projections - The company achieved approximately 45.5 thousand yuan in revenue from overseas projects in 2024, with plans to establish a foreign subsidiary in South Africa to expand its market presence [5] - The spare parts business has shown a steady increase in orders, with a significant portion related to plasma ignition [6] Group 3: Policy Impact and Technological Advancements - The implementation of new policies for coal power upgrades is expected to necessitate more personalized and complex technical modifications to meet modern requirements [7][8] - The company is promoting the concept of transparent boilers, utilizing online monitoring and data analysis to enhance boiler operation efficiency [8]