Zhuoshengwei 2024 Annual Financial Report

In 2024, Zhuoshengwei expects to achieve operating income of 4.491 billion yuan, a year-on-year increase of about 2.59%. However, the net profit attributable to shareholders of listed companies has decreased by about 66.14%-56.07% year-on-year. The main reasons for this decline include: First, in order to accelerate the implementation of the strategy, Zhuoshengwei's subsidiary Xinzhuo has increased its R&D investment and talent reserve, resulting in an increase in R&D expenses; second, due to changes in product structure, the conversion of Xinzhuo's fixed assets into fixed assets, and market competition, the gross profit margin has decreased year-on-year.