Performance Overview - The overall performance of the motor industry in 2024 showed good growth, but the company's performance lagged behind the average level [1] - In Q4 2024 and Q1 2025, the company achieved year-on-year growth in revenue and profit despite facing adjustments in downstream application industries [2] Profitability and Cost Management - The company's profitability is closely linked to revenue scale, with a cyclical adjustment in the downstream market affecting orders and profitability related to real estate [3] - The proportion of low-cost materials in products has increased, leading to a decrease in direct material cost ratio [3] Research and Development Investment - The company invested CNY 28.8 million in R&D in 2024, a year-on-year increase of 17.81%, representing 5.65% of revenue, up by 1.45% from the previous year [5] - The R&D team was expanded to 123 personnel, with 44% holding bachelor's degrees or higher [5] Future Growth Opportunities - The motor industry has a wide range of downstream applications, and the company plans to enhance product categories and improve technological standards [6] - The company aims to integrate technology, industry, and capital to strengthen its supply chain and improve profitability [7] Market and Regulatory Environment - The company's business in the U.S. accounts for less than 3% of total revenue, minimizing the impact of increased tariffs [8] - The company is committed to maintaining investor confidence and has measures in place to manage shareholding changes and market performance [8] Talent Development Strategy - The company focuses on cultivating top talent and has established training programs to enhance management skills and technical expertise [10] - External talent acquisition targets new fields in market, R&D, and engineering technology [10] Investment and Financial Management - The company prioritizes the safety of idle funds and has not reported any investment losses from financial management activities [12]
祥明智能(301226) - 2025年5月16日投资者关系活动记录表