Financial Performance - Total revenue for 2024 was CNY 108,966.12 million, a decrease of 18.77% compared to the previous year[3] - Net profit attributable to shareholders was CNY 6,102.90 million, down 64.20% year-on-year[3] - Basic earnings per share decreased by 70.90% to CNY 0.55[3] - The decline in operating profit by 64.17% and total profit by 64.69% was primarily due to changes in downstream customer demand and increased R&D investment[10] Assets and Equity - Total assets increased by 28.09% to CNY 173,433.59 million compared to the beginning of the period[3] - Shareholders' equity attributable to the parent company rose by 66.63% to CNY 136,534.62 million[3] - The company's share capital increased by 33.33% due to the completion of IPO financing during the reporting period[10] R&D and Project Development - The number of completed chip design projects increased by over 30% to 190, despite a decline in overall revenue from chip design services[8] - R&D expenses and team size increased compared to the previous year, focusing on automotive electronics, edge AI, and other fields[8] - The company optimized multiple IPs in performance, power consumption, and area, with ongoing testing on new process platforms[9]

Financial Performance - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between 57 million and 65 million yuan, representing a decrease of 10.54715 million to 11.34715 million yuan, or a decline of 61.87% to 66.56% compared to the previous year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between 41 million and 47 million yuan, down by 9.90457 million to 10.50457 million yuan, or a decrease of 67.82% to 71.93% year-on-year[4]. - The total profit for the previous year was 182.682 million yuan, with a net profit of 170.4715 million yuan attributable to shareholders of the parent company[6]. - The performance forecast is based on preliminary calculations and has not yet been audited by a registered accountant, highlighting the need for caution among investors[13]. Research and Development - The company has increased its investment in research and development, with both the size of the R&D team and R&D expenses growing compared to the previous year[10]. - The company has made significant progress in developing high-speed interface IP and system-level chip platforms, with various IPs being optimized and tested on new process platforms[10]. - The company has established a hardware design and software development process system for automotive-grade integrated circuits, having passed the ISO 26262 functional safety management system verification[11]. - The company plans to conduct tape-out verification for its automotive-grade dual-core lock-step MCU platform based on 40nm EFlash in 2025, targeting multiple application scenarios[11]. - The company completed 190 chip design projects this year, an increase of over 30% compared to the previous year, which is expected to positively impact revenue in 2025[9]. Investor Relations - The company aims to enhance communication with investors and improve its market value management practices to protect the interests of shareholders, especially small and medium investors[12].