President Chen Hongliang represented the company in delivering a speech. He expressed gratitude to investors, friends from all sectors of society for their concern, trust, and support. He mentioned that in 2024, facing profound changes in industry conditions and operating environments, the company adhered to transformational development and a firm strategic orientation, upheld the core principle of "customer-centricity" and "creating value for customers," implemented the work requirements of steady progress and winning amidst advancement, strengthened comprehensive coordination, optimized industrial structures, reinforced technological support, promoted cost reduction and efficiency improvements, achieving the best operating performance since its establishment. The initial formation of overseas resources, international manufacturing, and global market industrial layouts has further enhanced the company’s capabilities in participating in global resource allocation, integrating into global industrial division, and competing in the global market. This has comprehensively improved the competitive advantages of integrated industries, successfully maintaining its position among China’s Top 500 Enterprises.

Chen Hongliang also pointed out that 2025 is not only the concluding year of the "14th Five-Year Plan" but also the planning year for the "15th Five-Year Plan." It is also the harvest year for Huayou to achieve greater results within five years instead of ten. The company will implement a business philosophy prioritizing market leadership, benefit orientation, structural optimization, and robust safeguards, strengthen risk management in safety, environmental protection, and operations, enhance the three major elements of quality, cost, and benefits, reinforce scientific and technological innovation, promote management reforms, improve total factor productivity, fully drive high-quality corporate development, and strive to create excellent performance to reward shareholders and stakeholders.

Senior Vice President and CFO Wang Jun reported on the operational status for the fiscal year 2024 and the first quarter of 2025. He introduced six aspects: maintaining steady progress and setting new records in business performance; enhancing innovation-driven capabilities with notable advancements in technological innovation; deepening global layouts and further strengthening the momentum for high-quality development; driving management reforms to solidify the foundation for high-quality development; elevating ESG management to lead green development in the industry; valuing shareholder returns and sharing development outcomes.