Core Insights - Nova Star Cloud aims to become a leading global provider of video comprehensive solutions, transitioning from a product R&D company to an innovative service-oriented enterprise [2] - The company reported a robust financial performance for 2024 despite increased market competition and rising costs, with several key indicators showing strong results [3][5] Financial Performance - In 2024, the company's revenue reached 3.28 billion yuan, a year-on-year increase of 7.38%, while net profit attributable to shareholders was 593 million yuan, a decrease of 2.31% [3] - The company plans to distribute a cash dividend of 6.5 yuan per 10 shares, totaling approximately 59.42 million yuan, with a dividend payout ratio of 10% [2] Product Performance - Revenue from the LED display control system and video processing system grew by around 5% year-on-year, while the cloud-based information publishing and management system saw a growth rate close to 25%, leading among the four major product series [3] - The company's sales gross margin reached 55.25% in 2024, a historical high, and continued to grow in Q1 2025, approaching 60% [5] R&D and Innovation - The company has been increasing its R&D investment, reaching a historical high of 540 million yuan in 2024, with a stable growth trend in R&D intensity, which reached 16.47% [7] - The company holds 1,177 domestic patents and 27 foreign patents, showcasing its commitment to technological advancement [7] Market Position and Client Base - The company serves over 4,000 clients globally, including industry leaders such as Leyard and Absen, enhancing its market position and competitiveness [8] - In 2024, overseas business revenue reached 626 million yuan, a year-on-year increase of over 30%, contributing more than 19% to total revenue, marking a historical high [10]

Core Insights - Nova Star Cloud (诺瓦星云) reported a total revenue of 3.28 billion yuan for 2024, representing a year-on-year growth of 7.38% [1] - The company achieved a net profit attributable to shareholders of 593 million yuan, with a basic earnings per share of 6.57 yuan [1] - The company plans to distribute a cash dividend of 6.50 yuan per 10 shares, totaling 59.42 million yuan [1] Financial Performance - The domestic market contributed 2.65 billion yuan in revenue, a growth of 2.85% year-on-year, while the overseas market generated 626 million yuan, growing by 32.03% [2] - Research and development (R&D) investment reached 540 million yuan, an increase of 22.24%, with an R&D intensity of 16.47% [2] Business Overview - Nova Star Cloud focuses on algorithm-driven solutions for LED display and ultra-high-definition video applications, providing a full range of services from display control to video processing [1] - The company serves over 4,000 clients globally, including industry leaders like Leyard, Absen, and BOE [1][2] - The company has made significant advancements in the MLED sector, launching core detection equipment and integrated circuits, leading to rapid revenue growth in this area [2] Intellectual Property - As of the end of the reporting period, the company holds 1,177 domestic patents (including 656 invention patents), 27 foreign patents (including 22 invention patents), and 238 software copyrights [3] - The company aims to continue high-intensity R&D investments to support advancements in MLED and ultra-high-definition video technologies [3]