Group 1: Company Performance - The company reported a significant increase in profits in Q1, attributed to higher production and financial gains [3] - The company aims to maintain steady growth throughout the year by enhancing operational efficiency [3] Group 2: Product Development - Key manufacturing processes for universal joints include forming and heat treatment [3] - The company is developing new products such as steering shafts and AI three-pronged universal joints, which are expected to contribute to future growth [3] Group 3: Market Position and Strategy - The company has a sufficient order backlog and has established a flexible production management system to navigate uncertainties in the domestic automotive market [3] - The company plans to consolidate its leading position in existing product areas while advancing new product development and industrialization [3] Group 4: Mergers and Acquisitions - The company will consider product synergy and complementary advantages in technology and market resources when evaluating potential acquisitions [3][4] - The company commits to strict adherence to information disclosure regulations during any acquisition processes [4]

Group 1: Financial Performance - The company's revenue slightly increased in 2024, but net profit declined due to three main factors: increased R&D investment, global financial market fluctuations, and intensified competition in the automotive industry [2] - The company plans to optimize its cost structure and improve operational efficiency to enhance profitability [2] Group 2: Market Strategy - The company is proactively transforming its business to address the differentiated demand in the global automotive industry by developing new technologies and products [3] - It is implementing lean management principles to enhance production management and control operational costs [3] Group 3: Impact of Tariffs - The impact of US-China tariff policies on the company's overall performance is manageable, as direct exports to the US represent a small portion of revenue [3] - The company is expanding its production base in Thailand to mitigate potential risks from tariff changes [3] Group 4: Project Updates - The "Intelligent Factory Project for New Energy Vehicle Components" commenced in April 2024 and is progressing well, with the main structure completed and expected to be operational by the end of 2025 [3] Group 5: Customer Relationships - The company has established strong strategic partnerships with renowned automotive parts suppliers and covers a wide range of well-known brands in the automotive sector [4] Group 6: R&D Investment - The company plans to increase its R&D investment focusing on key areas such as AI universal joints and lightweight aluminum components to support sustainable development [4] Group 7: Dividend Policy - The company intends to distribute a cash dividend of 9.2 yuan per 10 shares for 2024 and aims to enhance shareholder returns through increased dividend frequency and proportion [4] Group 8: Industry Outlook - The automotive industry is expected to maintain stable long-term growth, with the automotive parts sector showing a steady development trend [4]