Qi An Xin Technology (SH:688561)2025-02-27 08:40Financial Performance - Total revenue for 2024 was RMB 435,453.84 million, a decrease of 32.41% compared to the previous year[4] - Net profit attributable to shareholders of the parent company was RMB -136,327.54 million, a decline of 1,900.02% year-on-year[4] - Operating profit was RMB -141,454.85 million, a significant drop from RMB 2,576.96 million in the previous year[4] - The company's total assets decreased by 8.40% to RMB 1,489,999.99 million compared to the beginning of the year[4] - Shareholders' equity attributable to the parent company fell by 13.42% to RMB 879,841.28 million[4] Cash Flow and Operational Efficiency - The company implemented marketing system reforms that improved cash flow quality, with a cash collection ratio increasing by approximately 26 percentage points[8] - Operating cash flow net amount was approximately RMB -340 million, an improvement of about RMB 440 million year-on-year, marking the best level since the company went public[8] Strategic Focus - The company plans to focus on four strategic areas in 2025: core products, core customers, dealer system efficiency, and key overseas markets to achieve steady revenue and profit growth[9] Industry Context - The overall gross profit margin decreased due to intensified industry competition and an increased proportion of network security service revenue[9] Financial Reporting - The company emphasizes that the financial data presented is preliminary and subject to final audit confirmation in the annual report[10]