Core Viewpoint - The company, Ruichen Environmental Protection, is committed to deepening innovation and expanding new products and business opportunities while implementing a "dual-coordinate strategy" to actively explore the market [1] Group 1: Innovation and Product Development - The company aims to enhance research and development and optimization based on its existing efficient energy-saving centrifugal fans and pumps [1] - There is a strong focus on developing new products in energy-saving combustion products, motors, and associated smart energy management systems to create comprehensive solutions [1] Group 2: Market Expansion - The company plans to continue its deep engagement in the steel and cement industries while also expanding into the paper, aluminum, non-ferrous metals, and chemical sectors to create more growth opportunities for its business and profits [1]

Group 1: Seasonal Business Characteristics - The company's revenue is relatively low in Q1 and higher in Q4 due to seasonal factors, as clients often choose to replace equipment during holiday or maintenance periods [2][3] - The installation and testing of equipment typically take 3 to 6 months, leading to a delay in revenue recognition until Q4 when clients issue acceptance documents [2] Group 2: Overseas Market Expansion - The company is actively expanding into overseas markets, with new projects launched in Mexico, Saudi Arabia, Vietnam, Czech Republic, and Taiwan in 2024 [3] Group 3: Fundraising and Financial Strategy - The purpose of the recent private placement is to support business expansion, enhance risk resistance, and stabilize control [4] - The funds raised will be used to supplement working capital, reduce debt ratios, and improve liquidity [4] Group 4: Technological Innovations - The company is investing in AI and smart technologies to enhance product efficiency and maintenance [5][6] - Focus areas for R&D include high-efficiency centrifugal pumps and motors, as well as energy-saving combustion technologies [6] Group 5: Client Acquisition in Steel Industry - In 2024, the company signed contracts with over 27 steel enterprises, including 11 new clients [10] - The company has engaged with over 60 steel companies for project discussions, significantly expanding collaboration intentions [10] - Energy-saving solutions have achieved over 35% energy reduction in specific projects, enhancing client investment recovery [10] Group 6: Accounts Receivable Management - The company employs a policy based on expected credit losses to assess and prepare for bad debts, ensuring the adequacy and reasonableness of provisions [7][8]