Financial Performance - In 2024, the company reported operating revenue of 249.35 million yuan, a decrease of 31.12% compared to 362.03 million yuan in 2023 [1][2] - The net profit attributable to shareholders was -354.30 million yuan, worsening from -221.63 million yuan in the previous year, representing a decline of 59.86% [1][2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -367.13 million yuan, compared to -241.84 million yuan in 2023, a decrease of 51.81% [1][2] - The net cash flow from operating activities was -94.39 million yuan, significantly worse than -0.25 million yuan in the previous year [1][2] Quarterly Performance - In Q1 2025, the company achieved operating revenue of 37.94 million yuan, a slight increase of 2.15% from 37.14 million yuan in the same quarter of the previous year [3] - The net profit attributable to shareholders for Q1 2025 was -39.78 million yuan, marginally worse than -39.74 million yuan in Q1 2024 [3] - The net cash flow from operating activities improved to -101.29 million yuan from -153.27 million yuan in the same quarter of the previous year, reflecting a 33.91% improvement [3] IPO and Fundraising - The company was listed on the Shenzhen Stock Exchange's ChiNext board on June 23, 2022, with an initial stock issuance of 26.37 million shares at a price of 52.03 yuan per share [4][5] - The total amount raised from the IPO was 137.20 million yuan, with a net amount of 127.52 million yuan, exceeding the original plan by 47.52 million yuan [4] - The funds raised are intended for projects including a new generation of combat systems and a multidisciplinary collaborative design and simulation testing platform [4]