Core Insights - Company reported 2024 annual revenue of 31.3 billion, up 78.13% year-on-year, with a net profit of 180 million, down 66.21%, meeting expectations [1] - For Q1 2025, revenue reached 7 billion, up 28.65% year-on-year, exceeding expectations, with a net loss of 198 million, reducing losses by 28.76% [1] - The company is deepening its integrated hardware and software strategy, with three main business areas expected to resonate positively [1] Revenue Breakdown - Software and digital technology services generated revenue of 18.1 billion, up 3% year-on-year [1] - Computing products and intelligent electronics achieved revenue of 12.9 billion [1] - Digital energy and intelligent computing services generated revenue of 260 million, focusing on new energy systems and smart infrastructure [1] Market Position and Collaborations - Company’s PC shipments in Q4 2024 increased by 126% year-on-year, securing the second-largest market share domestically [1] - The PC terminal business remains the leader in the party and government education sector [1] - Strategic collaborations with industry leaders like WanGuo Data, iFLYTEK, Intel, and MingYang Smart Energy Group are in place [1] AI Development and Innovations - The company is building a full-stack AI development system, collaborating with partners like Huawei, Alibaba, Microsoft, Baidu, and ByteDance [2] - In 2024, the company established a robotics technology subsidiary and partnered with ZhiYuan Robotics to develop humanoid robots [2] - Anticipation for the upcoming release of HarmonyOS PC, with the Huawei Developer Conference scheduled for June 2025 [2] Future Projections - Revenue projections for 2025, 2026, and 2027 are 36.3 billion, 41.4 billion, and 47.0 billion respectively, with net profits of 400 million, 556 million, and 807 million [2] - The company is positioned as a leader in digital technology services, with positive growth across its three main business areas [2]
软通动力(301236)：25Q1营收超预期 三大业务有望共振向上