Core Viewpoint - The company has implemented a "Quality Improvement and Efficiency Enhancement" action plan for 2025 to enhance operational efficiency, strengthen market competitiveness, and protect investor interests amidst significant challenges in the traditional environmental protection industry [1][2]. Group 1: Financial Performance - In 2024, the company achieved operating revenue of 186.8961 million yuan, a decrease of 67.56% year-on-year [2] - The net profit attributable to shareholders was -50.3817 million yuan, down 150.36% from the previous year [2] - Total assets at the end of the reporting period were 1.3742299 billion yuan, a decline of 10.38% from the beginning of the period [2] Group 2: Market Development - The company has focused on key domestic markets such as the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area, enhancing brand recognition and optimizing product structure [2][3] - New orders and backlog orders at the end of 2024 showed significant growth, including a successful contract for the Shenzhen Futian Water Purification Plant Phase II project [2] Group 3: Research and Development - The company employed 98 R&D personnel, accounting for 42.06% of total staff, with R&D investment of 33.896 million yuan, a year-on-year increase of 5.55% [4] - The company obtained 10 invention patents during the reporting period, marking a historical high for annual patent grants [4] Group 4: Technological Innovation - The company established the "NICE-Revive Environmental Protection Joint Innovation Center" to focus on key technologies in the green low-carbon field [5] - The company has developed advanced technologies such as high-temperature water source heat pumps and solid-state hydrogen storage technology, which are expected to become new profit growth points [6] Group 5: ESG and Sustainability - The company integrates ESG principles into its development strategy, focusing on green low-carbon business and enhancing R&D investment in green products [6] - The company’s subsidiary, Jie Carbon Technology, has assisted multiple enterprises in obtaining green factory certifications and has been involved in various carbon reduction projects [8] Group 6: Internal Management and Governance - The company has strengthened internal controls and compliance management, enhancing its governance structure to protect investor rights [9][12] - The company received multiple awards for its governance practices, reflecting its commitment to high-quality development and compliance [13] Group 7: Investor Relations - The company emphasizes transparent communication with investors, providing updates through various channels and maintaining a stable cash dividend policy [14][15] - A share repurchase plan was executed to enhance investor confidence, with 2.66 million shares repurchased, accounting for 1.80% of total shares [14] Group 8: Future Outlook - The company plans to focus on core business areas, enhance operational efficiency, and leverage technological innovation to drive growth in the green low-carbon sector [28] - The 2025 action plan includes strategies for cost management, asset efficiency, and market expansion, particularly in international markets [16][17]