Group 1: Business Overview - The company aims to be a trusted provider of precision manufacturing and new material application solutions, focusing on advanced precision manufacturing and new material R&D [2] - In the consumer electronics sector, the company produces precision functional and structural components primarily for laptops, all-in-one computers, tablets, and smart home devices [2] - In the new energy battery sector, the main product is carbon nanotube conductive paste, used as a conductive agent in lithium battery electrode preparation to enhance energy density and cycle life [2][3] Group 2: Financial Performance - In 2024, the company achieved total revenue of CNY 792.81 million, a year-on-year increase of 16.90% [3][6] - The net profit attributable to shareholders was CNY -19.35 million, with a significant reduction in losses compared to the previous year [6][7] - The company’s cash flow from operating activities was positive, indicating good operational efficiency [6][8] Group 3: Market Trends - The global consumer electronics industry showed moderate recovery in 2024, with smartphone shipments reaching 1.22 billion units (up 7%), personal computer shipments at approximately 255 million units (up 3.8%), and tablet shipments at about 147.6 million units (up 9.2%) [3] - The company’s carbon nanotube product revenue for 2024 was CNY 55.76 million, a year-on-year increase of 140.13% [3] Group 4: R&D and Innovation - The company invested CNY 57.94 million in R&D in 2024, accounting for 7.31% of total revenue, with 182 R&D personnel making up 11.10% of total employees [4][5] - The company obtained 53 patents in 2024, including inventions related to electronic circuit boards and laptop components, bringing the total to 62 effective invention patents and 246 utility model patents [5] Group 5: Risk Management and Future Outlook - Accounts receivable increased by 30.02% compared to the beginning of the year, but the company maintains a low risk of bad debts due to strong financial conditions of major clients [5] - The company plans to expand into thermal management products, high specific surface area carbon black, and integrated bus CCS, while continuing to strengthen its core business [6][7] - The company aims to achieve profitability in 2025, focusing on market expansion and product diversification [7]

Company Overview - Jebon Technology is a high-tech enterprise focused on precision components and structural parts in the Apple supply chain, aiming to become a trusted provider of precision manufacturing and new material applications [2][3] - The company operates primarily in the consumer electronics and new energy battery sectors, supplying products to major clients like Apple, Amazon, and BYD [2][3] Financial Performance - In 2024, the company achieved total revenue of CNY 792.81 million, a year-on-year increase of 16.90% [3] - The net profit attributable to shareholders was -CNY 19.35 million, with a significant reduction in losses compared to the previous year [3] - The gross margin improved from 21.57% in 2023 to 26.74% in 2024, indicating a healthier profit level [3] New Material Business Growth - Revenue from carbon nanotube conductive paste increased by 140.13% in 2024 compared to 2023, with expectations for continued growth in 2025 [3] - The company is actively developing new materials for solid-state batteries and has introduced a high specific surface area carbon black product line to meet diverse customer needs [3][6] Business Expansion and Client Acquisition - The company has added new clients such as Meta and Joby in the traditional components sector and is entering the next-generation product development phase [3] - In the cooling business, Jebon Technology has acquired a 49.90% stake in Sainogao, enhancing its capabilities in thermal management products [4][5] Q1 2025 Performance - In Q1 2025, the company's revenue remained stable year-on-year, but net losses increased to -CNY 11.24 million, primarily due to share-based payment expenses and increased R&D costs [4] - Despite the losses, the gross margin improved from 23.47% to 24.28% [4] Strategic Initiatives - The company is focusing on the CCS (Integrated Busbar) business, leveraging its existing client relationships in the new energy lithium battery sector [6] - Jebon Technology is also expanding its cooling product line, particularly in liquid cooling modules, to meet the rising demand from high-tech industries [8] Market Challenges and Responses - The lithium battery new materials sector is experiencing intense price competition, prompting the company to enhance its technological capabilities and product offerings [6] - The company is cautiously optimistic about the impact of tariff policies on its operations, as it operates in the mid-to-upstream segments of the supply chain [8]