HCET(SZ:002729)2025-05-15 09:48Group 1: R&D and Innovation - The company has increased its R&D investment significantly, resulting in 21 new patents acquired during the reporting period, totaling 97 patents, which enhances its product development advantage [1][2] - Collaboration with research institutions and advanced technology companies has been established to develop cutting-edge technologies in circuit safety [1] Group 2: Business Performance - The electronic fuse business experienced rapid growth in 2024, with a focus on expanding new products and applications in the mid-to-high-end home appliance market [3] - The company's performance in the power fuse sector was driven by the recovery of the domestic economy and the rapid development of new production capabilities, leading to increased demand [4] Group 3: Market Expansion - The company has optimized its product structure in the renewable energy sector, with revenue from renewable energy fuses accounting for nearly two-thirds of its main business income, establishing it as a core business [5] - Efforts to explore the electric vehicle market and enhance communication with research institutions are underway to solidify future market positioning [6] Group 4: Regulatory Concerns - The company's actual controller is under investigation, but normal business operations continue, and the company is monitoring the situation closely [6]