Core Viewpoint - Xianheng International reported significant growth in revenue and net profit for 2024, but faces challenges in supply chain management and new industry expansion [1] Sales Segment - In 2024, Xianheng International deepened its focus in the power grid sector, optimizing local sales networks and enhancing sales efficiency through regional resource integration and cost reduction [4] - The company actively expanded into five new strategic industries (power generation, oil and gas, nuclear industry, transportation, and government emergency), achieving sales of approximately 1.09 billion yuan, a year-on-year increase of 70.97% [4] - The oil and gas segment continued to develop projects with major state-owned enterprises, while the power generation segment became a new strategic focus, generating sales of 233 million yuan [4] - The emergency response segment, a key area for over a decade, continued to leverage the "Saifucheng" platform to provide comprehensive emergency solutions [4] Self-Industry and R&D - The self-industry segment is crucial for meeting customer needs and enhancing customer loyalty, with a focus on future development [5] - In 2024, the company invested 67.65 million yuan in R&D, a year-on-year increase of 21.49%, focusing on projects such as drone inspection platforms and intelligent power solutions [5] - The company acquired 14.74 acres of industrial land in Hangzhou to establish a "Smart Manufacturing Center," aimed at attracting high-end talent [5][6] Supply Chain Management - The company added over 500,000 SKUs and increased its supplier base to 22,700, implementing a comprehensive MRO supply strategy [7] - Despite the introduction of the "SCM Quotation Collaboration Platform" for online and automated coordination, challenges remain in delivery performance and financial settlement [7] - Future efforts will focus on optimizing supply chain management processes to enhance efficiency and support expansion into new industries [7]