CVTE(SZ:002841) Jin Tou Wang·2025-04-24 08:55Core Insights - The company reported a revenue of 22.401 billion yuan for 2024, marking an 11% year-on-year increase, with a net profit of 971 million yuan [1] - In Q1 2025, the company continued its steady growth, achieving a revenue of 5.005 billion yuan [1] Business Structure and Performance - The company's product structure has been further optimized, with significant progress in new business areas [1] - The smart control components segment showed remarkable performance, with a revenue increase of 20.37%, becoming the core driver of the company's growth [1] - Revenue from household appliance controllers, a new direction in smart control components, surged by 65.64%, highlighting the company's technological innovation and market expansion capabilities in the smart home sector [1] - Other new directions in smart control components, such as automotive electronics and power electronics, also performed well, with a revenue increase of 22.67% [1] Structural Highlights in Smart Terminals and Applications - The company maintained its leading position in the commercial display equipment sector, with the Hiview interactive smart panel holding the top spot for 13 consecutive years and the MAXHUB conference panel leading the domestic conference market for 8 years [2] - Significant revenue growth of 56.55% was observed in commercial office computers and industrial computers, reflecting the company's alignment with the industry's digital transformation needs [2] - Revenue from audio-visual equipment and systems, including educational intelligent recording and conference audio-visual equipment, grew by 24.88%, driven by continuous breakthroughs in audio-visual technology, AI algorithms, and hardware collaboration [2] Strategic Positioning - The company's performance demonstrates its precise control over industry cycles, as it continues to expand into markets with significant growth potential, such as household appliances, automotive electronics, and power electronics [2] - The company is actively seizing opportunities presented by digital transformation, focusing on deepening its presence in the computer and audio-visual sectors to ensure sustained and stable business growth [2]