Core Insights - The company reported a record high revenue of 8.224 billion yuan in 2024, representing a year-on-year growth of 14.50%, and a net profit of 485 million yuan, which surged by 775.84% [1] - The company aims to strengthen its position in high-end equipment sectors, focusing on material handling, marine engineering, and shipbuilding equipment, with a goal to become a market leader in these segments [1] Revenue and Profit Growth - The company achieved a net profit of 485 million yuan, a significant increase of 775.84% year-on-year, and a non-recurring net profit of 438 million yuan, with a growth rate of 777.26% [1] - The international sales revenue reached 6.615 billion yuan, marking a year-on-year increase of 33.29%, accounting for 80.44% of total revenue [2] Business Expansion and Market Development - The company has expanded its high-end equipment production and sales through both domestic and international markets, securing orders in countries such as Egypt, Turkey, Kenya, and Vietnam [2] - The company has established over 10 overseas enterprises and employs more than 270 staff abroad, enhancing its localized service capabilities across various regions including Southeast Asia, South Asia, the Middle East, Europe, Australia, Latin America, and Africa [2] Research and Development - The company invested 210 million yuan in R&D for new products and technologies in 2024, achieving significant breakthroughs such as the delivery of the first 400t/h aluminum oxide pneumatic unloader, which breaks foreign monopolies [3] - The company’s GENMA 3000-ton full rotation marine crane was recognized as a major equipment product by Jiangsu Province's Ministry of Industry and Information Technology for 2024 [3] Infrastructure Development - The Tongzhou Bay Equipment Manufacturing Base, a key project for the company, has commenced full-scale infrastructure construction and is expected to gradually start operations in the second half of 2025 [3]