Time flies, and the New Year's bell has tolled. At this beautiful moment of bidding farewell to the old and ushering in the new. We warmly extend our heartfelt gratitude and best wishes to our loyal partners and clients for their steadfast support, and to all HWHG employees and their families for their hard work and dedication.

In 2024, the Third Plenary Session of the 20th CPC Central Committee provided strong impetus to the development of the private economy. The government introduced several policies to boost economy growth, focusing on the real economy and driving manufacturing toward high-end, intelligent, and green development, creating a more stable environment for private enterprises. Looking back, HWHG has always prioritized manufacturing, pursued technological innovation, embraced energy conservation, and upheld high-quality development. By actively aligning with industry trends, we have achieved remarkable results. We firmly believe that staying committed to the right path will lead to lasting success.

This year, we drove organizational transformation with our corporate culture as a guiding light, adhering to the principle of "simplicity and action first". By streamlining processes and improving efficiency, we unlocked new momentum  for high-quality development. Through hard work and perseverance, all HWHG members successfully achieved our core annual goals.

This year, we actively pursued innovation-driven growth by increasing investment in technology and accelerating the commercialization of scientific achievements. Our stainless steel products have steadily improved in quality, with breakthroughs in process technology and expanded market applications. Electrical steel grades and performance have been further upgraded, achieving stable mass production for new energy vehicle motors. New materials like nickel and titanium have successfully completed trial production, while our digital transformation continues to deepen, driving innovation.

We are pleased to see solid progress across key projects: the Zhoushan stainless steel cold-rolling project with Tsingshan Holding is nearing trial production; the high-performance electrical steel project in Guangxi with Shenglong Metallurgical, the new electrical steel project in Hunan, the technical upgrades for continuous rolling units in Fujian and Yangjiang, the intelligent manufacturing base in Guangdong, and the new headquarters in Foshan are all advancing rapidly.

In this year, we embraced the spirit of "pursuing perfection" and "infinite craftsmanship", continuously striving for excellence. Through diligence and determination, we overcame uncertainties along the way. Every moment of effort is worth remembering, and every commitment to unity carries great strength.

In 2025, all HWHG members will continue to believe in the power of dreams, staying vigilant and facing challenges with confidence. With firm determination and a "second venture" mindset, we will carry forward the Five-Stand Tandem Rolling spirit and deepen our focus on advanced metal materials. We are committed to building a green and intelligent manufacturing to drive industrial transformation, explore new global market opportunities, and fully embrace the global economy. Guided by our customers, driven by quality, and building trust through service, we will boldly advance toward our shared dreams and our passion for the metal materials industry.

Dreams don’t shine—those who chase them do. Thank you to all our friends for supporting HWHG’s growth and to every dedicated HWHG member striving for their dreams. Wishing everyone a joyful New Year, success in career, happiness in life, and all the best!