Group 1: Financial Performance - The fair value change income from investment properties for 2024 reached 0.28 billion [2] - As of May 20, 2025, the company's orders on hand amounted to 9.15 billion [3] - The number of shareholders as of May 9, 2025, was 52,846 [3] - Revenue growth for 2024 is projected to slow to 6.3%, while operating costs increased by 12.5% [8] Group 2: Business Operations - The company has no investment properties [2] - The advanced aviation parts intelligent interconnected manufacturing base project is progressing as planned [6] - The company is actively expanding its business in the commercial aerospace sector [3] - The shipbuilding business accounts for approximately 5% of total operations [4] Group 3: Customer and Market Engagement - The company’s products are applied in key drone models [2] - The company is directly cooperating with COMAC for the domestic large aircraft business [4] - The gross margin for overseas business is 52%, but its revenue share is less than 5% [8] - The company has specific plans for overseas market expansion [7] Group 4: Research and Development - The proportion of R&D personnel with master's degrees or higher has decreased by 8 percentage points [4] - The company plans to continue increasing R&D investment [4] - The company is a qualified supplier for the CJ1000A engine components [8] Group 5: Debt and Financial Health - The asset-liability ratio has exceeded the 50% warning line, but the current ratio remains above 1.8 [4] - Short-term loans have a credit loan proportion of 65%, an increase of 20 percentage points from 2023 [7] - The company does not have plans for significant stock buybacks [6]