SMARTGEN(SZ:301361)2025-04-28 07:34Group 1: Company Overview and Strategy - The company focuses on the development and manufacturing of internal combustion engine control systems and low-voltage distribution automation products, aiming to become a global leader in these fields [5][10]. - The company emphasizes "independent research and development" as a strategic foundation, with a market demand-oriented and technology innovation-driven development philosophy [10]. Group 2: Financial Performance - In 2024, the company achieved operating revenue of CNY 238.77 million, representing a year-on-year growth of 8.50% [11]. - The net profit attributable to shareholders was CNY 79.72 million, an increase of 8.95% year-on-year, while the net profit after deducting non-recurring gains and losses was CNY 65.95 million, up 24.33% [11]. Group 3: Project Updates - The "Zhongzhi Technology Internal Combustion Power Generation Intelligent Control System Industrial Park" project is expected to be completed by the end of 2024, with a current investment progress of 67.99% [1][2]. - The "Zhongzhi Technology Intelligent Controller Production Construction Project" has a total investment of CNY 63.60 million, with a funding usage progress of 31.09%. The project completion date has been adjusted from April 30, 2025, to April 30, 2027, due to macroeconomic and market conditions [7]. Group 4: Market Position and Competitiveness - The company operates in the "C Manufacturing" sector, specifically in "C38 Electrical Machinery and Equipment Manufacturing," and is positioned in the midstream of the industry chain [5]. - The company’s products are recognized for their reliability, functionality, and competitive pricing, with some achieving domestic substitution for imported products [8]. Group 5: Future Growth Opportunities - The company plans to further explore new energy and hybrid energy sectors to inject vitality into the industry while maintaining its leading position in traditional markets [10]. - Continuous investment in key research and development projects is planned to accelerate the launch of significant new products and enrich the product line across various business segments [10].