Company Overview - Company specializes in the research, development, production, and sales of high-definition and ultra-high-definition video conferencing cameras, video conferencing terminals, and related audio-visual communication equipment [4] Financial Performance - In 2024, the company achieved operating revenue of 670.84 million yuan, a year-on-year increase of 37.45% [1] - The net profit attributable to shareholders for 2024 was 124.31 million yuan, up 51.28% year-on-year [1] - For Q1 2025, the company reported operating revenue of 193.07 million yuan, a 66.06% increase compared to the same period last year [1] - The net profit attributable to shareholders in Q1 2025 was 42.31 million yuan, reflecting a 92.94% year-on-year growth [1] - The net profit excluding non-recurring gains and losses for Q1 2025 was 37.16 million yuan, up 107.86% year-on-year [1] - The company's gross profit margin stood at 47.25% [4] Market Strategy - The company has established overseas production bases and expanded overseas outsourcing resources to mitigate the impact of U.S. tariff policies [2] - The company is focusing on intelligent equipment upgrades and digital system integration to enhance production efficiency and automation [3] - The company aims to maintain its gross profit margin through product innovation, brand development, and international market expansion [3] M&A Strategy - The company is actively seeking high-quality acquisition targets, focusing on "technology-driven + ecological synergy" strategies [4] - The company plans to strengthen its competitive advantage in key areas of the industry chain through vertical integration and horizontal expansion [4] - The company is looking for synergistic potential in quality enterprises to accelerate technology integration and market complementarity [4] Investment Trends - Recent financing data indicates a net inflow of 16.21 million yuan in the past three months, with an increase in financing balance [4] - The company's debt ratio is reported at 7.82% [4]