Company Overview - Viomi Technology Co., Ltd is focused on home water solutions and is based in Guangzhou, China [1] - The company's mission is "AI for Better Water," utilizing AI technology to enhance drinking water solutions for households globally [4] Recent Performance - Viomi achieved a significant turnaround in 2024, with net revenue increasing by 29.3% year over year [3] - The company reported a net income of RMB62.3 million in 2024, compared to a net loss of RMB89.3 million in 2023 [3] - Viomi is positioned for high-quality growth and is ready to capitalize on new market opportunities [3] Business Model and Innovations - Viomi operates a distinctive "Equipment + Consumables" business model, leveraging AI technology and intelligent hardware to improve water quality monitoring and filter replacement [5] - The company has developed a world-leading "Water Purifier Gigafactory," which enhances operational efficiency and supports continuous innovation in water purification [5] - Technological advancements by Viomi extend filter lifespan and reduce user costs, promoting the adoption of water purifiers [5] Upcoming Events - Viomi will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on May 15, 2025 [1] - The event will be interactive, allowing investors to ask questions in real-time, with an archived webcast available post-event [2]

Group 1 - In 2024, the overall performance of the ChiNext board companies showed steady recovery, with a total revenue of 4.03 trillion yuan and an average revenue of 2.93 billion yuan per company [1][2] - The total net profit attributable to shareholders reached 207.46 billion yuan, with over 70% of companies profitable and nearly 50% experiencing year-on-year net profit growth [2][3] - The top 100 companies by market capitalization contributed nearly 50% of total revenue and over 80% of net profit, with significant growth from leading firms like CATL and Sungrow [2][3] Group 2 - The average revenue per ChiNext company was 2.93 billion yuan, with a gross margin increase of 0.23 percentage points to 23.39% [2] - R&D investment reached 203.68 billion yuan, with a research intensity of 5.05%, and 294 companies exceeding 10% in R&D intensity [2][3] - 925 companies implemented cash dividends totaling 143.5 billion yuan, a 25% increase year-on-year, with a coverage rate of 67% [3] Group 3 - The digital economy sector saw revenue growth of 6.9%, with infrastructure industries experiencing revenue and net profit growth of 19.59% and 39.03%, respectively [4] - The green and low-carbon sector generated 997.37 billion yuan in revenue, with net profits of 65.26 billion yuan, while the advanced manufacturing sector reported revenue of 878.74 billion yuan [4] - Consumer sectors, including automotive and home appliances, benefited from policy measures, leading to over 1.3 trillion yuan in sales [4] Group 4 - ChiNext companies accelerated their internationalization, with overseas business revenue reaching 957.83 billion yuan, a 10.05% increase [5] - The electronics and communications sectors saw significant growth in overseas sales, with increases of 24.94% and 63.82%, respectively [5] - In Q1 2025, ChiNext companies continued to perform well, with total revenue of 952.62 billion yuan and a net profit of 71.43 billion yuan, reflecting an 18.24% year-on-year increase [5][6]

Financial Data and Key Metrics Changes - The company reported net sales of $297 million, a year-over-year increase of 10% [29] - Operating income increased by 57% year-over-year, with adjusted EBITDA rising by 45% [6][34] - Cash and cash equivalents exceeded $300 million, increasing by $44 million or 17% in just three months [36] Business Line Data and Key Metrics Changes - REVOLVE segment net sales increased by 11% year-over-year, while FORWARD segment net sales grew by 3% [30] - The product return rate decreased by nearly three points year-over-year, contributing to operational efficiencies [9] Market Data and Key Metrics Changes - Domestic net sales increased by 9%, while international net sales rose by 12% year-over-year [30] - Active customers increased by 6% year-over-year, reaching 2.7 million [30] Company Strategy and Development Direction - The company is focusing on expanding brand awareness, growing the customer base, and enhancing connections with the next generation of consumers [11] - Plans for a permanent retail store in Los Angeles are underway, with construction ongoing and an expected opening in the fall [24][26] - The company is leveraging AI technology to improve customer service and enhance the shopping experience [17] Management's Comments on Operating Environment and Future Outlook - The management expressed confidence in navigating macroeconomic uncertainties and tariff challenges, citing a strong track record in previous turbulent times [10][43] - There is a noted shift in consumer behavior towards more accessible price points, impacting average order values [58][99] Other Important Information - The company is actively engaged in cost-sharing discussions with manufacturing partners to mitigate tariff impacts [41] - The REVOLVE Festival event significantly boosted brand awareness and marketing efficiency, with press impressions increasing by over 40% year-over-year [22] Q&A Session Summary Question: Can you clarify the gross margin guidance related to tariffs? - The low end of the gross margin guidance assumes elevated tariff rates with minimal mitigation efforts [53][55] Question: How quickly can the company pivot to third-party sourced inventory? - The company can flexibly adjust sourcing but is optimistic about owned brand expansion [56] Question: Is the company seeing any impact on customer traffic due to tariff news? - There is a shift to more accessible price points affecting average order values, but no significant pullback in traffic has been observed [58][99] Question: Are there plans to increase promotional activities to stimulate demand? - The company is not changing its markdown strategy in response to market conditions but will act based on inventory balance and customer needs [69] Question: What feedback is the company receiving from third-party brands regarding price increases? - The company is collaborating closely with third-party brands, and while some price increases are anticipated, there has been no significant customer pushback yet [77]

Financial Data and Key Metrics Changes - Total revenue for 2024 was $441.9 million, a 21.5% increase from $363.7 million in 2023 [28] - Adjusted EBITDA increased by 492% to $9.8 million for 2024 compared to $1.6 million in the prior year [32] - Operating costs and expenses rose to $500.3 million in 2024 from $379.2 million in 2023 [30] Business Line Data and Key Metrics Changes - Auto insurance revenue increased by 44.4% to $170.5 million in 2024 from $118.1 million in 2023, driven by strong partnerships with automakers [29] - Technology services revenue grew by 46.4% to $44.9 million in 2024, up from $30.7 million in the previous year [29] - Auto services revenue increased by 5.3% to $226.5 million in 2024 from $215 million in 2023 [30] Market Data and Key Metrics Changes - The company expanded its partnership with Tesla from 6 cities to 48 cities in 2024 [9] - The gas vehicle market remains significantly larger than the EV market, presenting a substantial growth opportunity for the company [9][45] Company Strategy and Development Direction - The company is focused on digitalizing China's auto insurance and services markets, leveraging AI and technology to enhance operational efficiency and customer experience [7][27] - There is a strong emphasis on developing partnerships with EV manufacturers to create customized insurance products and services [20][37] - The company aims to broaden its software and service offerings while deepening partnerships to fuel growth [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of the insurance business and the positive impact of AI on operations and profitability [42][43] - The ongoing digitalization trend in China's auto insurance market is seen as a significant opportunity for the company [12][36] Other Important Information - The company has invested approximately $100 million in industry-specific cloud, AI, mobile apps, and data infrastructure [37] - The company has secured 160 registered copyrights of computer software related to its services [17] Q&A Session Summary Question: What impact if any will U.S. Tariffs have on SunCar's business? - Management does not expect U.S. tariffs to have a material direct impact as the business is focused on China's domestic market [36] Question: Why have so many EV manufacturers been interested in partnering with SunCar? - The company's long-standing market presence and significant investment in technology have created a differentiated solution that meets the evolving needs of EV manufacturers [37] Question: How do you see your Tesla relationship evolving over time? - Tesla is viewed as a strong partner in expanding the portfolio of insurance products and delivering customized services [38] Question: What do you attribute the rapid growth of your insurance business to? - Differentiation and the need for manufacturers to monetize customer relationships beyond vehicle sales are key factors [39] Question: How do you view your profitability tracking over the next year? - Continued strong growth in the insurance business is expected to contribute positively to profitability [42] Question: How do you view AI impacting your business in 2025? - AI has significantly impacted operations and product development, with plans to integrate it into more features [43] Question: How impactful will gas vehicle customers be on your insurance business this year? - The gas vehicle market is expected to be very impactful due to its larger size and the increasing demand for digital solutions [44][45] Question: What do you see as the future of your Angi AI technology services center? - The center is critical for innovating new insurance products and co-developing solutions with auto partners [46] Question: What do you see as the most exciting aspect of your services business? - New customer segments such as retail and luxury present growth opportunities, along with synergies with the insurance business [47] Question: Will you be issuing guidance this year? - Guidance is planned to be issued with the first quarter 2025 earnings release, subject to market conditions [49] Question: Do you expect it will be another large employee stock compensation expense this year? - No, the previous year's expense was a one-time event and not expected to recur [50]

Financial Data and Key Metrics Changes - In 2024, Xiaomi Group achieved total revenue of JPY365.9 billion, a year-on-year increase of 35% [8] - Adjusted net profit reached JPY27.2 billion, reflecting a year-on-year increase of 41% [8] - The comprehensive gross profit margin for the year was 20.9%, showing stable performance [28] - In Q4 2024, revenue exceeded RMB100 billion for the first time, reaching RMB109 billion, with a year-on-year growth of 48.8% [27] Business Line Data and Key Metrics Changes - Mobile phone revenue for 2024 was RMB191.8 billion, accounting for 52.4% of total revenue, with a year-on-year growth of 21.8% [29] - IoT and consumer products revenue exceeded RMB100 billion for the first time, increasing by 30% year-on-year to RMB104.1 billion [34] - Internet services revenue reached RMB34.1 billion, a new historical high with a year-on-year increase of 13.33% [37] Market Data and Key Metrics Changes - Xiaomi's global smartphone shipments were 168.5 million units, a year-on-year increase of 15.7%, maintaining a market share of 13.8% [30] - In the Chinese market, the proportion of high-end smartphones reached 23.3%, a year-on-year increase of 3 percentage points [32] - The wearable wristband products ranked second globally with a market share of 15.2% [11] Company Strategy and Development Direction - The company is focusing on a "Human, Car, and Home" strategy, aiming for high-end development across all product categories [13][24] - Xiaomi plans to expand its retail network to 20,000 stores by the end of 2025, including 500 overseas stores [19] - The company aims to increase R&D investment to JPY30 billion in 2025, emphasizing technological innovation [14] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of technological innovation and the potential for growth in overseas markets, which are expected to be twice the size of the domestic market [53] - The company anticipates a stable operating environment with some price volatility in components, but expects overall growth in the high-end product segment [75] - Management expressed confidence in achieving higher profitability in the automobile business in the coming years, despite current losses [82] Other Important Information - Xiaomi's R&D expenditure reached RMB24.1 billion in 2024, an increase of 25.9% compared to the previous year [41] - The company was recognized as a Chinese ESG model enterprise, reflecting its commitment to social responsibility [44] Q&A Session Summary Question: Regarding the EV business and production capacity - Management confirmed that they are improving production capacity and have set a target of delivering 350,000 units [52] Question: Plans for overseas expansion and resource allocation - Management indicated that overseas markets present significant growth potential, with ongoing expansion of Xiaomi Home stores in various countries [55] Question: AI adoption and investment - Management acknowledged that true AI adoption is still a few years away, with significant investment planned for AI technologies [61] Question: Impact of national subsidies on growth - Management clarified that national subsidies had minimal impact on Q4 growth, particularly for mobile phones [72] Question: Future profitability of the automobile business - Management stated that while the automobile business is currently in a heavy investment phase, they expect improvements in gross margins and profitability in the future [82] Question: Growth in the Internet business - Management attributed the growth in the Internet business to an expanding user base and increased advertising revenue [84] Question: Retail network expansion speed and future forecast - Management confirmed plans to expand the retail network significantly, aiming for 20,000 stores by 2025 [92] Question: Opportunities in large home appliances - Management expressed optimism about growth potential in large home appliances, emphasizing their competitive edge in smart technology [102]

Core Insights - Zhibao Technology Inc. is expanding its presence in the natural gas insurance market through its subsidiary Sunshine Insurance Brokers in collaboration with YipinSmart, a subsidiary of China Gas [1][2][3] - The marketing agreement with YipinSmart, initiated in December 2024, targets five cities in Zhejiang and Jiangsu provinces, serving a combined population of over 36 million [1][4] - This partnership is part of Zhibao's broader strategy to enhance its digital insurance solutions and diversify its insurance brokerage footprint in the natural gas sector [3][4] Company Overview - Zhibao Technology Inc. is a leading InsurTech company focused on providing digital insurance brokerage services in China, having launched the first digital insurance brokerage platform in the country in 2020 [5] - The company employs a 2B2C business model and has developed over 40 proprietary digital insurance solutions across various industries, utilizing big data and AI technology for continuous improvement [6][7] Market Position - The collaboration with YipinSmart follows previous partnerships with Shenergy Group and Shenzhen Gas Group, expanding Zhibao's natural gas insurance solutions to cover 18 cities and territories in China [4] - The natural gas insurance market is expected to provide dependable revenues, margin expansion, and cash flow streams for Zhibao, enhancing its appeal to investors [3]

Industry Overview - The Zacks Computer - Networking industry is experiencing growth driven by increased focus on cloud computing, network security, big data, and cloud storage, particularly with the rise of AI technology [1] - Companies are capitalizing on the multi-billion-dollar AI infrastructure opportunity, with the accelerated deployment of 5G enhancing the demand for robust networking infrastructure [1][4] - The industry is characterized by a diverse range of products, including wireless, Ethernet, and powerline solutions, catering to the evolving needs of consumers and businesses [2] Trends Influencing the Industry - Innovation in networking technologies is opening new business avenues, driven by the proliferation of smart home devices and the increasing adoption of cloud computing [3] - The rapid deployment of 5G technology is expected to boost growth prospects, necessitating substantial investments in infrastructure upgrades [4] - The upcoming Wi-Fi 7 upgrade cycle is anticipated to drive demand for advanced networking products, addressing issues related to Wi-Fi spectrum shortages [5] Economic Conditions - Global macroeconomic weakness and volatile supply-chain dynamics pose challenges for the industry, potentially affecting spending and business visibility [6] Industry Performance - The Zacks Computer - Networking industry ranks 25, placing it in the top 10% of over 246 Zacks industries, indicating bright near-term prospects [7][8] - The industry has outperformed the S&P 500 Composite and the broader Zacks Computer and Technology sector, gaining 28% over the past year compared to the sector's 12.4% and the S&P 500's 15.6% [9] Valuation Metrics - The industry is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 20.12X, which is below the S&P 500's 21.53X and the sector's 24.41X [11] Company Highlights - **Cisco Systems, Inc. (CSCO)**: Benefiting from strong demand for AI infrastructure solutions, with orders exceeding $700 million in the first half of fiscal 2025, and a growth rate of over 40% in orders [14][16] - **NETGEAR, Inc. (NTGR)**: Experienced a 14.9% revenue increase in the NFB segment, driven by strong demand for ProAV managed switch products, and a successful destocking plan leading to improved revenue predictability [19][20] - **RADCOM Ltd. (RDCM)**: Reported record revenues of $16.3 million, a 16.1% year-over-year increase, and provided revenue guidance for 2025 expecting growth between 12% and 15% [24][25]

As Filed with Securities and Exchange Commission on February 23, 2024 Registration No. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CONNEXA SPORTS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 3949 61-1789640 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 2709 N. Rollin ...