Core Insights - The company achieved a revenue of 4.1 billion yuan in 2024, representing a year-on-year growth of 15.93%, and a net profit of 37.51 million yuan, up 21.35% year-on-year [1] - The year 2024 is described as a pivotal year for market expansion, cost reduction, and efficiency improvement, marking a turnaround in operational performance and the beginning of a new phase of high-quality development [1] Financial Performance - Revenue reached 4.1 billion yuan, a 15.93% increase from the previous year [1] - Net profit attributable to shareholders was 37.51 million yuan, reflecting a 21.35% year-on-year growth [1] - Sales of aluminum alloy products totaled approximately 234,100 tons, up about 23.66% [1] - Sales of component products reached approximately 25.68 million units, a growth of about 1.62% [1] Business Development - The company expanded its aluminum liquid supply and direct supply business, with aluminum liquid sales accounting for 57.18% of its aluminum alloy business [1] - Revenue from new energy vehicle components constituted 35.57% of the component segment's income, while international customer revenue made up 22.08% of the component segment [1] - A significant aluminum liquid supply cooperation agreement was signed with Top Group for 150,000 tons, with the first phase of 65,000 tons capacity completed [2] Strategic Initiatives - The company is actively developing aluminum alloy applications in the robotics sector and has established a magnesium alloy division for material and product development [2][3] - Plans for 2025 include entering new industries and expanding into the robotics and magnesium alloy sectors, aiming to become a leading supplier in these markets [3] - The company is focusing on R&D for core components in electric drive systems, control systems, and chassis structures, as well as advancing magnesium alloy and new aluminum alloy materials [3] Research and Development - R&D investment for 2024 was 101 million yuan, a 9.62% increase, with 20 new patents granted [4] - The patents include innovations in aluminum alloy production, detection equipment, and processes related to new energy vehicles [4] - There are 27 pending patent applications, focusing on integrated die-casting processes and resource utilization technologies [4]