Guided by established performance targets, Tianxu Company's overseas cooperative laboratories are committed to promoting the company's cutting-edge exploration and technological breakthroughs in international scientific research. Through the collaborative efforts of various teams, significant progress has been made on several key indicators, with some targets already exceeded. However, challenges remain in some areas, resulting in a complex yet positive overall performance.

I. Performance Target Decomposition and Allocation

(I) Allocation of Transfer Payment Budget and Performance Targets to Shandong Longguang Tianxu Solar Energy Co., Ltd.

　　The planned transfer payment budget for 2024 is 200,000 yuan.

　　Performance Targets: Jointly establish an overseas special glass materials joint research institute and a key laboratory for lightweight high-strength metal materials, and conduct research and development and application of new borosilicate glass and other products.

(II) Funding Arrangements, Budget Decomposition, and Performance Target Allocation

　　The total project investment is 2.1 million yuan. The budgeted investment for 2024 is 2.1 million yuan, of which 1.9 million yuan is self-raised funds and 200,000 yuan is government funding.

II. Analysis of Performance Target Completion

(I) Analysis of Funding Investment

1. Analysis of Project Funding Availability.

　　In 2024, the project received 2.1 million yuan in funding, including 1.9 million yuan from self-raised funds and 200,000 yuan from government funds. Funding was到位 (到位 means "到位" or "到位" in Chinese, but it implies a good situation) and self-raised funds arrived on schedule.

2. Analysis of Project Fund Execution.

　　By the end of 2024, the company had spent 2.1 million yuan on the technological development of new borosilicate glass and other products, including 2.0865 million yuan on raw materials and 13,500 yuan on testing fees.

3. Analysis of Project Fund Management.

　　The use of subsidies for the construction of the international science and technology cooperation platform was standardized and complied with national financial regulations, financial management regulations, and relevant special fund management methods; the disbursement of funds followed complete approval procedures and formalities; there were no cases of withholding, misappropriation, embezzlement, or fictitious expenditures. Accounting accuracy and complete financial data were ensured.

(II) Analysis of Overall Performance Target Achievement.

　　During the construction period, it is expected that 2 invention patents will be applied for, 1 new process will be developed, 1 overall technical solution will be formulated, and 1 technical parameter indicator will be superior to the industry standard. It is also expected to provide 6 jobs for the community.

　　In 2024, 1 new process will be developed; 2 new invention patents will be applied for; 1 overall technical solution will be formulated, and 1 technical parameter indicator will be superior to the industry standard; 3 new technical talents will be introduced.

　　Project funds were in place on time and in full, ensuring the project was executed according to the established goals. To date, market research and demonstration for the project have been completed, and research and development of new borosilicate glass and other product technologies have been carried out and completed. The 2024 performance targets were achieved on schedule.

(III) Analysis of Performance Target Completion. (Analysis based on the performance targets and indicators at the beginning of the year)

1. Analysis of Cost Indicator Completion.

　　(1) Economic Cost Indicators: The project material costs and testing costs for this year totaled 2.1 million yuan, which has been achieved.

　　(2) Social Cost Indicators: 3 stable jobs were created during the project implementation this year, which has been achieved.

　　(3) Ecological and Environmental Cost Indicators

　　The project's working environment met requirements this year, and emissions during the R&D process met standards.

2. Output Indicator Completion Analysis

　　(1) Quantitative Indicators

　　The project completed market research and demonstration, conducted and completed research on new borosilicate glass, developed one new process, and applied for two new invention patents.

　　(2) Quality Indicators

　　One overall technical solution was developed, with technical parameters superior to industry standards.

　　(3) Timeliness Indicators

　　The project was completed according to the task target schedule.

3. Benefit Indicator Completion Analysis

　　(1) Economic Benefits

　　No economic benefits were generated during the project's R&D phase this year.

　　(2) Social Benefits

　　Three new jobs were created. Photovoltaic green electricity was used during the R&D process. Research on energy conservation and carbon reduction in glass melting was conducted, with significant results.

　　(3) Ecological Benefits

　　During the project's R&D phase this year, the working environment was improved, and all electricity used for R&D was photovoltaic green electricity. Through R&D cooperation, the project broadened its horizons and greatly improved the region's technological innovation capabilities.

　　(4) Sustainable Impacts

　　The products developed in this project can improve solar transmittance and enhance heat collection efficiency, achieving an energy efficiency improvement of over 6% compared to traditional products, thus realizing green energy-saving effects, extending the business scope of enterprises in the industrial chain, and driving the sustainable development of the industry.

4. Analysis of Satisfaction Indicator Completion.

　　Customer satisfaction: 100%; Research staff satisfaction: 100%, achieving the expected targets.

III. Reasons for Deviation from Performance Targets and Next Steps for Improvement

　　Our company implements dedicated account management for the construction funds of the international science and technology cooperation platform, strictly completes various R&D tasks according to the task objectives, strictly implements national financial policies and regulations, ensures dedicated use of funds, and maintains clear accounts, guaranteeing the reasonable and effective use of special funds.

　　This project was executed according to the expected performance targets, with no deviations.

　　Overall, Tianxu Company's overseas cooperation laboratories have achieved excellent results in their past work, demonstrating outstanding performance in multiple aspects such as scientific research projects, output of results, talent training, and international cooperation.

　　In the future, the laboratory will continue to focus on the company's strategic goals, further strengthen international cooperation, enhance scientific research and innovation capabilities, optimize talent training mechanisms, ensure the continuous improvement and successful completion of various performance targets, and help the company gain a more favorable position in global science and technology competition. At the same time, the laboratory will place greater emphasis on the transformation and application of scientific research results, strengthen cooperation with industry, and promote the rapid transformation of scientific research results from theory to practical application, so as to create greater economic and social benefits for the company.