Core Insights - The company achieved an annual revenue of 1.64 billion yuan, representing a year-on-year increase of 25.70%, and a net profit attributable to shareholders of 245 million yuan, up 28.42% year-on-year [1] - In Q4 2024, the company reported a revenue of 483 million yuan, reflecting a year-on-year growth of 34.45%, with a net profit attributable to shareholders of 35 million yuan, which is a 2.13% increase year-on-year [1] Business Development - The company is deeply engaged in the humanoid robot sector, offering a complete set of motion actuator solutions, including rotary joint modules, linear joint modules, hollow cup motor modules, and frameless torque motor dexterous hand power solutions, all of which are independently developed [2] - The core components are characterized by lightweight, modularity, efficiency, high performance, and high precision [2] - The company is focusing on multi-modal fusion AI AGENT robots and AI ultra-micro vision system solutions [2] - In 2024, the company signed a joint venture agreement with Keda Li and Shanghai Mengli to establish Weidali, further deepening its investment in the humanoid robot field [2] International Expansion - The overseas revenue for 2024 reached 455.61 million yuan, marking a 45.23% increase compared to the same period last year [2] - The company continues to explore opportunities in countries along the Belt and Road Initiative, as well as in Asia, Africa, and Latin America, maintaining a global strategic layout [2] Profit Forecast - The company forecasts net profits attributable to shareholders for 2025, 2026, and 2027 to be 320 million yuan, 380 million yuan, and 470 million yuan, respectively, indicating year-on-year growth rates of 29%, 21%, and 22% [2] - As of April 17, the market capitalization corresponds to PE valuations of 31 and 25 times for 2025 and 2026, respectively [2]