Group 1: Financial Performance - The company's revenue and gross margin for mining explosion-proof switches decreased due to the overall decline in the coal industry cycle, resulting in reduced demand for mining equipment and lower equipment prices [2] - Export products include mining explosion-proof electrical appliances and high/low voltage distribution cabinets, primarily sold to Southeast Asia, Turkey, and parts of Africa, accounting for less than 1% of total revenue [2] Group 2: Future Development Plans - The company has established high-performance computing clusters and plans to provide computing services based on different customer needs, including cloud computing center construction and operational management [3]

Group 1 - The Wuhan Tianli Switch Intelligent Electrical Industrial Park has been completed and put into operation, with an investment of 150 million yuan and a total area of 45,000 square meters, featuring intelligent production lines, R&D centers, and testing laboratories [1] - Tianli Switch, a national high-tech enterprise, has evolved from the Jianghan Weighing Instrument Factory established in 1958 into a leading company in the smart distribution field in Central China, with products sold to Fortune 500 companies like BASF in Germany [1] - The new industrial park will enhance production efficiency, with automated equipment increasing efficiency by over 40% compared to manual operations, and the company is currently fulfilling orders worth nearly 20 million yuan for new material distribution cabinets and frequency conversion cabinets [1] Group 2 - In recent years, Tianli Switch has maintained strong growth, with annual output value reaching 200 million yuan, establishing long-term partnerships with various domestic and international companies, and expanding its service network [2] - The company plans to collaborate with universities to develop innovative energy-saving technologies and attract upstream and downstream enterprises to promote the cluster development of the smart electrical industry [2] - The Changjiang New District is fostering the development of an electrical product cluster through multiple electrical enterprises, with the establishment of an alliance for the power distribution and electrical equipment industry in May 2024, and the park currently hosts around 100 companies with an annual output value of nearly 20 billion yuan [2]