Group 1 - The company stated that external uncertainties such as tariffs have a limited impact on its operations, with overseas business revenue expected to account for 8.33% in 2024, primarily concentrated in Europe and the Asia-Pacific region [2] - The company has diversified its raw material procurement strategy to mitigate risks, focusing on overseas sourcing mainly from the Asia-Pacific region [2] - The company has proactively stocked CPUs during periods of policy uncertainty, restoring normal supply levels and deepening cooperation with major domestic chip manufacturers [2] Group 2 - In terms of business segments, the terminal business is projected to achieve revenue of 2.597 billion yuan in 2024, reflecting a year-on-year growth of 3.65%, with the PC segment growing faster than the industry average due to new customers and product category expansion [2] - The ICT infrastructure business revenue is expected to be 631 million yuan, down 7.73% year-on-year, although server and workstation revenues have nearly doubled due to surging AI demand [2] - The industrial IoT segment, a key focus for the company's OBM transformation, has seen revenue growth of 47.88% to 151 million yuan through deepened collaborations with leading companies like BYD and Li Auto [2] Group 3 - The newly added intelligent computing business has performed well, generating annual revenue of 300 million yuan and contributing a net profit of 88.79 million yuan [2] - The company plans to focus on AI computing power lifecycle services, having launched the HAT cloud platform and intends to offer flexible service models such as tidal pricing and prepaid packages [2] - The first quarter has seen a strong order backlog for the intelligent computing business, with stable supply chain conditions, and the company aims to enhance profitability through operational adjustments and high-value-added services like computing power leasing [2] Group 4 - In financial management, the increase in asset impairment in 2024 is mainly due to the rise in accounts receivable and inventory, with the company enhancing collection and inventory management [3] - The company has reversed credit impairment losses of 21 million yuan in the first quarter of 2025 and optimized the provision for inventory write-downs [3] - The significant increase in prepayments is attributed to material procurement for the intelligent computing business, with related amounts transferred to inventory in the first quarter [3]
智微智能：境外业务占比不足10%，外围关税政策对公司影响有限