Core Viewpoint - The company reported strong financial performance for 2024 and Q1 2025, indicating robust growth across various sectors despite industry challenges [1][2]. Financial Performance - In 2024, the company achieved revenue of 5.063 billion yuan, a year-on-year increase of 23.61%, and a net profit attributable to shareholders of 608 million yuan, up 27.42% [1]. - For Q1 2025, revenue reached 1.187 billion yuan, reflecting a 24.32% year-on-year growth, with a net profit of 132 million yuan, an increase of 14.29% [1][2]. Growth Drivers - The company’s revenue growth in 2024 was driven by strong performance in multiple downstream sectors, including automotive (17%), 3C (64%), home appliances (28%), daily necessities (57%), and medical (78%) [2]. - Domestic revenue was 3.668 billion yuan, up 22.22%, while overseas revenue reached 1.395 billion yuan, increasing by 27.45% [2]. Profitability Analysis - The gross margin for 2024 was 31.95%, a decrease of 1.3 percentage points, while the net margin was 12.41%, an increase of 0.41 percentage points [3]. - In Q1 2025, the gross margin was 30.64%, down 4.16 percentage points, and the net margin was 11.52%, a decline of 0.85 percentage points [3]. Industry Trends - The injection molding and die-casting sectors are experiencing a cyclical recovery, with the company enhancing operational efficiency and market share despite overall industry challenges [4]. - The company launched the SKIII series of injection molding machines and the new A6 series, aimed at driving innovation and sustainability in the industry [4]. Strategic Developments - The company has made significant advancements in heavy die-casting machines, successfully developing and delivering models for major automotive manufacturers, which strengthens its position in the market [5]. - The successful delivery of the LEAP 7000T die-casting machine to Changan Automobile marks a significant milestone in the company's capabilities in the metal forming sector [5]. Future Outlook - The company is expected to maintain high growth in 2025-2027, with projected net profits of 735 million yuan, 854 million yuan, and 980 million yuan for the respective years [5].