FORE(SZ:301368)2025-05-19 11:34Group 1: Revenue and Profit Growth - The main drivers for the company's revenue and net profit growth in 2024 include leveraging existing high-quality customer resources and expanding product lines into new sectors such as industrial robotics and smart home technology [2][4] - In 2024, the company expects revenue growth in various sectors: smart home industry by 18.8%, precision reducer industry by 24.36%, and new energy transmission industry by 73.5% [6] - The revenue distribution for 2024 is as follows: small modulus gears account for 47.53%, precision reducers for 25.71%, and pneumatic tools and components for 24.13% [6] Group 2: Challenges and Strategic Responses - The decline in net profit is attributed to several factors, including a decrease in cash balance by 163 million CNY and increased depreciation expenses due to new asset acquisitions [6] - To address raw material price fluctuations, the company plans to optimize product structure and enhance production efficiency while negotiating price adjustments with customers [6] - The company is actively expanding its overseas market presence through subsidiaries, focusing on emerging markets and enhancing brand competitiveness [5][6] Group 3: Product Development and Innovation - The company is developing products for humanoid robots, including harmonic reducers and planetary reducers, which are essential components for various robotic joints [5] - As of December 31, 2024, the company holds 54 patents, including 18 invention patents, and has received recognition as a "Little Giant" enterprise and a national manufacturing champion [7] - The company aims to extend its industrial chain based on its core business of small modulus gears, continuously expanding new business areas [7]