汉仪股份：新增长引擎加速兑现 一季度业绩扭亏为盈

Core Insights - Han Yi Innovation Technology Co., Ltd. reported a total revenue of 191 million yuan and a net profit of 8.81 million yuan for the year 2024, with a significant improvement in Q1 2025, achieving a revenue of 45.44 million yuan, a year-on-year growth of 5.25%, and a net profit of 4.65 million yuan, marking a turnaround from losses [1][2] Financial Performance - The company demonstrated strong financial health with cash and cash equivalents reaching 215 million yuan and trading financial assets at 340 million yuan, resulting in a low debt-to-asset ratio of 17.43% and no bank loans [1] - In terms of shareholder returns, the total amount for dividends and buybacks in 2024 was 64.66 million yuan, with cumulative dividends exceeding 100 million yuan from 2023 to 2024 [1] Business Growth and Strategy - The internet platform licensing business generated revenue of 45.54 million yuan, reflecting a year-on-year increase of 14.64%, with a gross margin improvement of 0.41% [2] - The rapid growth of personalized app decoration services, which accounted for 15% of the internet platform licensing business, is identified as a new growth driver [2] - The company is actively investing in AI technology, with significant developments from its acquisitions, including a contract worth over 3 million yuan with notable clients like KFC and Guangzhou Libai Group [2] - The AI product revenue share increased from 25% in 2023 to approximately one-third in 2024, indicating a strong market demand for AI functionalities [2]