Core Viewpoint - Ugreen Technology held its 2024 annual online performance briefing, showcasing strong investor engagement with a 100% response rate to questions posed during the event [1] Group 1: Product Development and Innovation - Storage products are a key focus for Ugreen, with offerings including private cloud storage, mobile hard drive enclosures, and disk arrays, aimed at meeting large storage needs [2] - The company launched the DXP series of NAS private cloud storage products in 2024, featuring various configurations and achieving multiple security certifications [2] - Ugreen is committed to continuous innovation in product development to enhance its market competitiveness and meet diverse consumer needs [6] Group 2: Financial Performance and Shareholder Returns - In 2024, Ugreen implemented two cash dividends totaling 373 million yuan, representing 80.78% of the annual net profit attributable to shareholders [2] - The company is exploring innovative ways to enhance shareholder returns, including the potential for product-based dividends [2] Group 3: Market Expansion and Sales Performance - Ugreen achieved a revenue of 968 million yuan in the Americas in 2024, accounting for 15.70% of total revenue, with a year-on-year growth of 39.92% [2] - The company is establishing independent sites in developed markets like the U.S. and adopting localized business strategies to better serve regional consumer demands [2] Group 4: Competitive Landscape and Industry Position - Ugreen competes with companies like Anker Innovations, Bull Group, and Haineng Industry in the consumer electronics sector, maintaining a strong reputation and global competitiveness [2] - The consumer electronics industry is characterized by seasonal fluctuations, with Ugreen's revenue typically peaking in the fourth quarter due to consumer habits and promotional activities [2] Group 5: Strategic Investments and Future Outlook - Ugreen plans to participate in the pre-restructuring of Zhongzhi Real Estate to acquire land use rights, enhancing its operational stability and brand image [3] - The company is focused on long-term growth through technological innovation and market expansion, with a commitment to creating sustainable value for shareholders [6]