Core Viewpoint - Zhejiang Yunchongma Co., Ltd. reported a revenue of 2.618 billion yuan for 2024, marking a year-on-year increase of 12.62%, with a net profit attributable to shareholders of 100 million yuan, demonstrating strong industry resilience and growth potential [1] Group 1: Business Performance - The company has established a solid leading position in the leather base cloth industry through scale, technology, craftsmanship, and quality advantages [2] - In 2024, the company plans to add six functional leather base cloth production lines, increasing total production lines to 37 and annual capacity to 223,000 tons [2] - The company has improved its raw material self-sufficiency rate to approximately 27% by expanding its warp knitting equipment from 96 to 120 units, enhancing delivery efficiency and quality stability [2] Group 2: Technological and Green Development - The company invested 43.9 million yuan in R&D in 2024, maintaining high levels of innovation with a total of 95 valid patents [4] - The company has launched a photovoltaic power station with a capacity of 5.91MWP, generating 3.17 million kWh of electricity, which is expected to replace about 1,000 tons of standard coal [5] - The company has been recognized as a national "green low-carbon factory," reinforcing its green brand image [5] Group 3: Organizational and Cultural Development - The company has implemented initiatives to enhance employee engagement and organizational efficiency, collecting 245 suggestions that are expected to save costs by 1.3 million yuan [6][7] - The company has increased its cash dividend to over 81.32% of net profit, reflecting a commitment to shareholder returns [7] - Future projects such as the "Fashion Intelligent Manufacturing" industrial park and "Bio-based Leather" are being actively pursued to inject new momentum into high-quality development [7]