Sou Hu Cai Jing·2025-05-13 04:10Core Viewpoint - The company is experiencing significant fluctuations in its business performance, particularly in Q4 2024, due to a decrease in revenue influenced by the domestic operator investment environment and a decline in gross margins from changes in revenue structure and lower margins in servers and storage [1] Group 1: Q4 2024 Performance - In Q4 2024, the company's net profit attributable to shareholders decreased, and the net profit excluding non-recurring items was negative, primarily due to reduced revenue from domestic operators and declining gross margins [1] Group 2: 2025 Outlook - The company anticipates revenue growth in 2025, mainly driven by server and computing products, with a significant increase in government and enterprise business revenue in Q1 2025 [2] - The company aims to capitalize on the growing demand for computing infrastructure, particularly from leading internet companies and domestic operators, as the market shifts from training to inference in computing needs [2] - The company expects stable performance in international operator network revenue, supported by ongoing wireless modernization and fiber construction opportunities in regions like South Asia and Africa [3] Group 3: AI and Consumer Market Developments - The company plans to upgrade its AI home terminal offerings, projecting over 100 million units shipped globally in 2024, with a focus on AI-enhanced home networks, computing, smart screens, and companion robots [4] - The company is increasing efforts to expand its international consumer smartphone market, with a projected 60% year-on-year growth in international 2C smartphone shipments in 2024 [4]