Feng Chen
[外语] 感谢各位参加本次会议。过去一年，我们不仅巩固了在电动越野领域的领导地位，还提升了制造能力并扩大了市场覆盖范围，为2024年取得的战略进展奠定了坚实基础。从广泛的战略指导到团队日常执行，我对整个组织展现出的韧性和创新能力感到自豪，并感谢投资者们的持续参与。[外语] 2024年，我们实现了适度但有意义的收入增长，这得益于电动越野车辆的稳定需求以及我们地理布局的持续优化。在收入稳步增长的同时，我们继续投资未来，加强整体产品组合，推进下一代电池技术，并强化资产负债表。这种审慎的方法使我们能够在应对不断变化的市场动态时保持盈利能力并维持稳健的现金状况。[外语] 核心电动越野业务仍是康迪业务的引擎。去年，我们推出了多款针对北美市场偏好设计的新车型，包括创新的e10K多功能车、面向从入门级骑手到资深越野爱好者的全新电动高尔夫球车系列，以及限量版NFL主题高尔夫球车。同时，康迪在多个高尔夫球车展览和行业峰会上表现突出，赢得了经销商和与会者的广泛赞誉。[外语] 在幕后，我们正通过对台湾制造基地的针对性升级来增强运营韧性。这些改进提高了我们的灵活性和响应能力，使我们能够更好地根据变化的客户需求调整生产，同时保持高质量和高效率标准。[外语] 为确保实现我们的宏伟计划，我们最近实施了管理层激励计划，将领导层奖励与关键绩效指标直接挂钩。这一举措已激励我们的高级团队在销售增长、运营卓越和新产品开发方面更加努力，最终推动公司整体业绩改善。[外语] 展望未来，我们的优先事项很明确。我们将推出创新的电池和车辆解决方案，扩大经销商网络，深化战略合作伙伴关系，并执行美国本土化路线图——最近与CBAK能源合作在美国本土化锂电芯和电池包生产就是这一路线图的亮点。通过靠近终端市场生产并利用清洁能源激励政策，我们正为康迪的可持续长期增长奠定基础。[外语] 最后，我相信我们在2024年采取的措施已经强化了康迪的平台，并为我们抓住新机遇做好了准备。我要感谢我们的员工、合作伙伴和股东们的信任与合作。
问答环节结束：谢谢陈先生。也感谢各位参加今天的电话会议。如前所述，今天的电话会议没有现场问答环节。如果您在今天演示后有任何问题，请发送邮件至ir@kandigroup.com或gary@blueshirtgroup.co。我们将在接下来的五个工作日内回复所有咨询。请注意，我们的回复将仅限于已公开披露的信息，并遵守适用的SEC规定。本次电话会议到此结束。谢谢大家，祝您有美好的一天。
Feng Chen
[Foreign Language] Good day and thank you for joining us. Over the past year, we not only strengthened our leadership in the electric off-road sector, but also enhanced our manufacturing capabilities and expanded our market reach, laying a solid foundation for the strategic progress we achieved in 2024. I am proud of the resilience and innovation demonstrated across the organization from our broad strategic guidance to our team's daily execution and I appreciate the continued engagement of our investors. [Foreign Language] In 2024, we delivered modest yet meaningful revenue growth, driven by steady demand for our electric off-road vehicles and the ongoing optimization of our geographic footprint. While our revenue grew steadily, we continued to invest in the future, strengthening our overall product portfolio, advancing next-generation battery technology, and reinforcing our balance sheet. This disciplined approach enabled us to preserve profitability and maintain a robust cash position as we navigated evolving market dynamics. [Foreign Language] Our core electric off-road segment remains the engine of Kandi's business. Last year, we introduced several new models tailored to North American preferences including the innovator e10K utility vehicle, a new lineup of electric golf carts built for everyone from entry-level riders to seasoned off-road enthusiasts, as well as our limited-edition NFL golf carts. Meanwhile, Kandi made a strong presence at multiple golf cart expos and industry summits, earning widespread praise from dealers and attendees. [Foreign Language] Behind the scene, we are enhancing our operational resilience through targeted upgrades to our Taiwan manufacturing footprint. These improvements have increased our flexibility and responsiveness, enabling us to better align production with shifting customer demand while maintaining high standards of quality and efficiency. [Foreign Language] To ensure we deliver on our ambitious plans, we recently implemented a management incentive program that aligns leadership rewards directly with key performance metrics. This initiative is already motivating our senior team to push harder on sales growth, operational excellence, and new product development, ultimately driving improved results across the company. [Foreign Language] Looking ahead, our priorities are clear. We will bring forward innovative battery and vehicle solutions, expand our dealer network, deepen strategic partnerships, and execute our US localization roadmap, highlighted by our recent partnership with CBAK Energy to localize lithium cell and pack production in the United States. By allowing production closer to end market and leveraging clean energy incentives, we are positioning Kandi for sustainable long-term growth. [Foreign Language] In closing, I'm confident that the steps we have taken in 2024 have strengthened Kandi’s platform and prepared us to seize new opportunities. I want to thank our employees, partners, and shareholders for their trust and collaboration.
End of Q&A: Thank you, Mr. Chen. And thank you everyone for joining today's conference call. As noted earlier, there will be no live Q&A session for today's call. If you have any questions following today's presentation, please email us at ir@kandigroup.com or gary@blueshirtgroup.co. We will respond to all inquiries within the next five business days. Please note that our responses will be limited to the information that has been publicly disclosed and will comply with the applicable SEC regulations. This concludes our conference call. Thank you and have a good day.
