Financial Performance - The company reported a revenue of 2.207 billion CNY for the fiscal year 2024 [5] - The net profit for 2024 is negative, and the company will not distribute profits, including cash dividends and stock dividends, to ensure sufficient funds for operations [5][6] Business Strategy - The company is focusing on dual main businesses: communication RF devices and automotive parts, aiming to optimize business and product structure to enhance sales revenue and profitability [2] - Plans to continue expanding in both traditional automotive and new energy vehicle parts sectors [4] Market Position and Customer Relations - The company has established stable long-term relationships with major clients, recognized as a "strategic supplier" and awarded "Best Delivery Supplier" by various clients [4] - The company has developed a new production line in India, which is expected to contribute to overall business starting from Q2 2024 [5] Risk Management - The company is monitoring exchange rate trends and has not engaged in forward foreign exchange settlement in 2024 to mitigate currency risk [5] - According to the Shenzhen Stock Exchange rules, the company has not triggered delisting risk despite three consecutive years of losses [3][6] Research and Development - R&D efforts are focused on core business areas, with an emphasis on advanced technology and market demand adaptation [5] - The company aims to maintain technological and process advancements while strengthening intellectual property protection [5] Future Outlook - The management is optimistic about turning around the losses by optimizing product structure, expanding customer base, and enhancing internal management [6] - The company is exploring potential overseas market expansions, although specific plans are not disclosed [7]