Core Points - The company reported a significant decline in revenue and net profit for the fiscal year 2024, with total revenue of 365.04 million yuan, a decrease of 36.59% year-on-year [1][2] - The net profit attributable to shareholders was a loss of 187.44 million yuan, compared to a profit of 10.50 million yuan in the previous year [1][2] - The company also reported a negative cash flow from operating activities of 94.81 million yuan, a stark contrast to the positive cash flow of 19.31 million yuan in the previous year [1][2] Financial Performance Summary - For 2024, the company achieved total revenue of 365.04 million yuan, down from 575.68 million yuan in 2023, marking a 36.59% decrease [2] - The net profit attributable to shareholders was -187.44 million yuan, a decline of 1,884.76% compared to the previous year's profit of 10.50 million yuan [2] - The net profit after excluding non-recurring items was -191.69 million yuan, down 32,912.67% from the previous year's profit of 584.21 thousand yuan [2] - The net cash flow from operating activities was -94.81 million yuan, a decrease of 590.95% from the previous year's positive cash flow of 19.31 million yuan [2] Quarterly Performance Summary - In the first quarter of 2025, the company reported revenue of 13.33 million yuan, an increase of 75.35% year-on-year [3] - The net profit attributable to shareholders was a loss of 22.62 million yuan, an improvement of 38.17% compared to the loss of 36.58 million yuan in the same quarter of the previous year [3] - The net cash flow from operating activities improved to -4.84 million yuan, a 93.04% increase compared to the previous year's cash flow of -69.51 million yuan [3] Capital Raising and Use of Funds - The company raised a total of 645.98 million yuan from its initial public offering, with a net amount of 555.90 million yuan after deducting issuance costs [4] - The actual net fundraising exceeded the original plan by 205.99 million yuan, which was initially set at 349.90 million yuan [4] - The funds raised are intended for projects including a digital creative production base, an upgrade of the digital creative R&D center, marketing network upgrades, and working capital supplementation [4] Future Profit Forecast - The company anticipates a net loss attributable to shareholders in the range of 150 million to 200 million yuan for the fiscal year 2024, compared to a profit of 1.05 million yuan in the previous year [5] - The expected net loss after excluding non-recurring items is projected to be between 160 million and 210 million yuan, down from a profit of 584.20 thousand yuan in the previous year [5]