Core Viewpoint - Jin Yi Technology (002869.SZ) reported a significant increase in net profit for 2024, with a year-on-year growth of nearly 60%, driven by strong performance in ETC pre-installation and new charging systems [1] Financial Performance - In 2024, the company achieved an operating income of 596 million yuan, representing a year-on-year increase of 16.39% [1] - The net profit attributable to shareholders reached 78.75 million yuan, marking a year-on-year growth of 59.69% [1] Business Focus and Strategy - The company continues to deepen its focus on the smart transportation sector, aiming to provide comprehensive solutions that include "solutions + core technology products + edge system integration" [2] - Jin Yi Technology is committed to the mission of "zero deaths, zero accidents, zero congestion, and zero carbon" in transportation [2] - The company is actively involved in the development of national standards and aims to lead technological advancements and business model innovations in the industry [2] Product Development and Market Expansion - In 2024, the company intensified its market development for pre-installed products, with ETC pre-installation sales reaching 2.057 million units [3] - The automotive electronics business generated an operating income of 171 million yuan, reflecting a substantial year-on-year increase of 103.07% [3] Collaborative Efforts and Testing - The company successfully completed C-V2X pilot application activities, enhancing safety features and performance testing for automotive enterprises [4] - Jin Yi Technology has established partnerships with traditional car manufacturers, new energy vehicle manufacturers, and other stakeholders in the smart transportation ecosystem [4] Market Demand and Product Innovation - The company has strengthened its position in the ETC consumer market and launched innovative solutions for ETC road collaboration [5] - In the new charging system sector, the company achieved a sales volume of 1,770 units, representing a year-on-year growth of 125.19% [5] Future Outlook - Jin Yi Technology plans to integrate cloud computing, big data, and artificial intelligence to create a "big road cloud integrated" platform for comprehensive digitalization and intelligence of transportation systems [5] - The company aims to explore overseas markets while continuing to deepen its presence in the domestic market, seeking new growth opportunities [5]
金溢科技:2024年净利润同比增长近六成,ETC前装、新型收费系统表现亮眼