sailing(SZ:300588) Zheng Quan Shi Bao Wang·2025-04-21 15:14Core Viewpoint - The annual report of Xiling Information for 2024 indicates stable performance with a revenue of 163 million yuan, a 2.34% increase year-on-year, despite a net loss attributable to shareholders of 60.55 million yuan due to credit impairment losses [1] Group 1: Financial Performance - The company achieved an operating income of 163 million yuan, reflecting a year-on-year growth of 2.34% [1] - The net profit attributable to shareholders was -60.55 million yuan, primarily due to credit impairment losses of 31.34 million yuan [1] - Excluding credit and asset impairment losses, the overall operating profit loss decreased by over 30%, indicating progress in optimizing the business structure [1] Group 2: Business Operations and Strategy - Xiling Information has been a pioneer in software development in the Xinjiang region for over 20 years, focusing on digitalization in public safety and other sectors [2] - The company has invested approximately 47.72 million yuan in R&D from 2022 to 2024, accounting for about 10% of total revenue, with plans for continued investment to enhance product capabilities [2] - The company improved the revenue structure by increasing the proportion of high-margin business, with gross margins for three main business segments rising by 8.31%, 8.94%, and 19.68% respectively [3] Group 3: Market Expansion and Acquisitions - Xiling Information acquired 67% of Beijing Zicai Information Technology Co., marking an expansion into the telecommunications sector and enhancing its service capabilities [3] - The acquisition is expected to strengthen customer service in the telecommunications field and enhance the company's overall digital solution capabilities [3] Group 4: Future Outlook and Innovations - The company is developing the "Yizhi" engine by integrating with mainstream AI models like DeepSeek to enhance product development efficiency [4] - Xiling Information aims to resolve historical overdue accounts receivable issues within 1-2 years while controlling new overdue accounts to ensure sustainable business development [4] - Future plans include accelerating the development of the Yizhi engine and improving market awareness and sales mechanisms to enhance marketing management professionalism [4]