Time flies, and the journey has been full of challenges. On January 20, 2025, Auvo Electric's 2024 Annual Summary and Commendation Conference was grandly held in the Yanjing Institute of Technology auditorium. All cadres and employees from the company's Yanjiao headquarters, employee representatives from the Jingjiang subsidiary, and employee representatives from the Mexico subsidiary gathered together to summarize and review the work achievements of 2024, commend and reward outstanding individuals and teams of the year, announce the company's five-year business development strategy, and outline the work plan for 2025, welcoming the new year with vigor and striving towards a newer journey.

At the beginning of the conference, the atmosphere was solemn and enthusiastic. The shocking video, "Born Anew, Moving Towards the Light—Auvo's Year," transported everyone back to the time in 2024, which was full of challenges and opportunities. The video consisted of four parts: Transformation and Innovation, Transformation Pioneer - R&D; Going Global, Full-Line Overseas Expansion - Overseas; Ability-Driven, Results-Oriented - Achievements; Vision and Layout, Enduring Enterprise - Strategy. The video, blending images, music, and performance data, played a captivating prelude to the annual summary of the conference.

Born Anew, Moving Towards the Light -- Annual Summary

"Outstanding contributions are inseparable from scientific organization and leadership. Outstanding achievements are inseparable from strategic direction and execution. Now, let's invite the company's senior management team to the stage with applause to present the company's 2024 business summary." With the bright voices of the two hosts and the warm applause of the employees, the company's new senior management team took the stage with high spirits. They represent the company's talent standards that are professional, younger, and international during the company's transformation.

The senior executives summarized their respective areas of responsibility, the summary is as follows:
In 2024, the company achieved sales orders of RMB 926 million, and is expected to achieve sales revenue of RMB 690 million. Orders, revenue, and profits have all increased compared to last year. At the same time, while maintaining the company's OEM business model, which has a leading position in the industry, the scale of ODM and OBM businesses has also steadily increased. The comprehensive data of overseas business has reached a historical high.
The company continued to increase R&D investment, with more than 20 new products developed throughout the year, 15 projects completed within the year, and the first participation in a globally leading R&D project with strategic customers. A total of 11 invention patents and 40 utility model patents were applied for during the year. The R&D team has over 80 people, and both the professional configuration and education structure have significantly improved. The Organizational Chart and management system continue to implement IPD.
The company has strengthened its delivery capabilities, expanding from nationwide to global layout. A total of five factories in the North China Yanjiao production base and East China Jingjiang production base continue to undergo lean, digital, and automated manufacturing transformations, and the Mexico Pachuca factory was inaugurated during the year. While ensuring customer delivery times and quality, a total of over 60,000 sets of the company's three major product lines were delivered throughout the year.
Based on the three core transformation needs of R&D innovation, overseas layout, and expansion-type sales, the company has transformed and upgraded the HR center into an organizational development center, establishing and implementing the "team building, business empowerment, and Culture and atmosphere building" HR iron triangle work model.
The company successfully passed the review for the national-level specialized and new small giant enterprise and received government honors such as the national-level green factory, Hebei Province Manufacturing Industry Single-Item Champion Enterprise, Hebei Province Standard Leader Enterprise, Hebei Province Industrial Cluster Leader Enterprise, and Langfang Municipal Industrial Design Center.
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"Agile 2025, strong as a serpent, rising upwards; Starting 2025, we will bravely stand at the forefront of the tide, accumulating strength, and displaying the grand vision of the Auvo era." The unified recitation by the company's senior management team was strong and powerful. With such a locomotive leading the way, we believe that the company will continue to move forward.

Following this, Chen Hongwei, President of the company, took the stage to deliver a keynote speech titled "Born Anew, Moving Towards the Light," using storytelling to illustrate the company's business strategy and Culture. A summary is as follows:
"The company's senior management team just shared the company's 2024 business achievements with us. This is the result of our hard work and dedication together over the past year. These achievements come from the down-to-earth efforts of every employee present here, as well as from the day-and-night efforts of the entire senior management team."

"In each of the past 9,646 days since the company's founding, we have worked hard and rejoiced for the growth of these business data. Especially in the past 365 days, we sometimes felt the darkness, confusion, helplessness, frustration, and fear. However, I can stand here today calmly and share with you because we have experienced thinking, learning, and action, becoming firm, wise, and urgent."

"In our business achievements, you can see new products, new customers, and new production capacity, as well as new strategic operations, new organizational development, and new integrated finance and business. With the support of such innovative business capabilities and organizational capabilities, the company will grow healthily in a manner that is strategically led, highly efficient in operation, and that seeks stability amidst progress and strength amidst progress."

"In the past 365 days, the world we live in has experienced unprecedented competition and changes. International trade, geopolitics, civilization conflicts, and artificial intelligence are intertwined. People use various methods to explore and predict the next 365 days in order to take action to grasp and face the new era that is coming."

"Strategy makes enterprises stronger, and Culture makes enterprises go further. In the company's five-year business strategy review work in the third quarter of 2024, based on traditional methodologies, we innovatively and pragmatically developed ten working principles. We systematically and in-depth analyzed the company's eight major customers, focusing on customers, striving to understand, comprehend, learn from, follow, influence, and satisfy customers. Through summarization, deduction, and unification of consensus, we upgraded the company's Culture system, ultimately forming the company's strategic inspiration of "one core and two wings," namely, with three major product lines as the company's core business, and R&D technological innovation and international market expansion as the driving wings."

"Innovation requires vision and layout, knowledge accumulation, good health, and down-to-earth efforts, so our corporate spirit is 'modest and open-minded, endless learning, healthy exercise, and dedicated work'."
"In 2024, we made progress and reaped the rewards. In 2025, we will forge ahead. At this critical point of transformation, we believe in science and truth. There is a particularly good saying: Enter the narrow gate, walk the long road, and see the faint light. We must believe in the power of belief; it is not because we see that we believe, but because we believe that we see. Take the right path, do not be afraid of distance, do not be afraid of difficulties, persevere relentlessly, and ultimately see the light of hope and success."

A journey of a thousand miles begins with a single step; a river is formed by countless streams. The touching video, "Chasing Starlight, Embracing the Ordinary—A Day in the Life of Ouvo," moved every employee present, bringing tears to many eyes, as it depicted our shared daily experiences. At 5 am, the lights of the employee cafeteria are the first to shine; at 7 am, international conference calls begin promptly, despite the time difference, everyone remains energetic; at 8:30 am, all employees begin a busy and orderly day in the office and production areas; at 11 pm, under the moonlight, the R&D offices and production workshops are still brightly lit, while security guards begin their safety checks throughout the company. At this time, the daily meeting between the Mexico factory and Yanjiao headquarters is in full swing, and our overseas colleagues are starting a new day. Starlight does not ask the traveler, time does not fail the striver. Greatness is forged in the ordinary; outstanding individuals and teams are the stars and role models in our hearts, and we look forward to the annual awards ceremony.

Chasing Starlight, Embracing the Ordinary—Annual Awards Ceremony

First, Li Jingwei, General Manager of the company's Organizational Development Center, took the stage to read the "Ouvo Electric 2024 Annual Excellence Evaluation Plan." Then, company executives, serving as award presenters, presented certificates of honor and commemorative coins to the winners.

Excellence in R&D Award

Environmental Control R&D Department - Hua Yurui   Electrical Control R&D Department - Yue Xiaomin
Excellence in Marketing Award

Wind Power Sales Department - Ji Pengkun (absent due to client visit)   Overseas Sales Department - Liu Yufeng
Excellence in Delivery Award

Electrical Control Quality Department - Shao Mingyang   After-sale Service Department - Ge Xiaodong

Sheet Metal Manufacturing Department - Han Yanqiu   Energy Storage Manufacturing Department - Zhao Shuhong

Electrical Control Manufacturing Department - Wang Xinyuan Process Department - Zhao Hongguang

Jingjiang Subsidiary Quality Department - Zhu Xin   Sheet Metal Manufacturing Department - Jiang Shengping

Excellence in Collaboration Award

Purchasing Department - Wang Long   Integrated Planning Department - Li Liqiang   HR Department - Tian Xia

Founding Employee Award

Mexico Factory Supply Assurance Department - Iliana Razo Rodriguez
Company R&D Project Team Award

Electrical Control Product Line R&D Project Team Representatives - Liu Hongqun, Zhang Haitao, Yao Qi, Liu Liang

Environmental Control Product Line R&D Project Team Representatives - Chu Xinjiang, Zhou Guoqiang, Hua Yurui, Li Feng

Energy Storage Product Line R&D Project Team Representatives - Liu Xiaoliang, Wang Jianhua
Company Management Project Team Award

Overseas Mexico Factory Construction Project Representatives - Liu Yufeng, Iliana, Zhang Chunyan, Liu Yusheng, Wang Jun, Zhao Hongguang
Contribution to Overseas Award

Contribution to Overseas Award - Wang Lei (family representative, as he is stationed at the Mexico factory)

Xing Zhao (family representative, as he is stationed at the Mexico factory), Wang Jun, Zhao Hongguang

Children's voices echoed, heralding the new year. The chorus of "The Most Beautiful Light" brought the meeting to a climax, filling everyone with anticipation for spring and the future. Accompanied by the singing, the company's senior management team, award-winning employees, outstanding teams, representatives from Haiou 100, and Ouvo babies took the stage holding the company's annual mascot, "Ou Shan Shan," for a commemorative photo, capturing this beautiful moment. Finally, guided by the host, all cadres and employees on and off the stage shouted in unison: "Ouvo, add oil!"

The Ouvo Electric 2024 Annual Summary and Commendation Conference concluded successfully amidst laughter and joy. Agility 2025, let us work together to be reborn and move forward towards the light!
[Ou Shan Shan: The 2025 annual mascot, cleverly incorporating unique design elements such as a "fat head," "snake body," and "bright eyes." Using the dawn color tone from Ouvo's VI as the base color, it symbolizes the infinite possibilities of innovation and breakthroughs. Its name, "Shan Shan," implies agility, dynamism, and radiant brilliance, exuding unique charm and vitality.]