Group 1: Financial Performance - The company's 2024 operating revenue was 1,945.80 million CNY, with a net profit attributable to shareholders of 102.08 million CNY [4] - In Q1 2025, the operating revenue was 441.21 million CNY, with a net profit of 19.04 million CNY [4] Group 2: Shareholder Concerns - Shareholder reduction in holdings is based on personal financial arrangements, and the company is considering share buyback plans if necessary [2][3] - The stock price has been affected by macroeconomic conditions and market sentiment, with the company implementing two profit distribution plans since listing [3] Group 3: Asset Management - As of December 31, 2024, restricted cash and receivables totaled 88.42 million CNY, accounting for approximately 4.43% of total assets, which will not adversely affect daily operations [3] Group 4: Market Expansion and Sales - The company exports to over 100 countries, including the USA, Canada, and Australia, with a focus on large refrigerators and commercial display cabinets [3][5] - Export revenue for 2022, 2023, and 2024 was 362.53 million CNY, 580.32 million CNY, and 730.31 million CNY, respectively, with percentages of total revenue at 18.81%, 24.60%, and 37.53% [6] Group 5: Future Growth Strategies - The company aims to enhance its market position through product innovation, expanding market share, and increasing the proportion of export sales [7] - Continuous investment in R&D and talent development is emphasized to meet diverse consumer needs and market demands [5][7] Group 6: Industry Outlook - The company maintains a positive outlook on the industry, anticipating growth driven by consumer demand and market upgrades [8] - The focus will be on technological advancements and market expansion to enhance competitiveness [8]