Financial Performance - The net loss attributable to the parent company for 2024 was CNY 15.48 million, a decrease of 45.83% year-on-year [2][3] - R&D expenses for 2024 amounted to CNY 6.90 million [2] - The closure of 13 underperforming stores resulted in one-time employee compensation and other losses exceeding CNY 4.69 million [2] Business Growth Points - Future growth will focus on two core business segments: mobile repair services and alliance business [4] - Key initiatives include product service innovation, digital transformation of alliance business, and enhancement of digital marketing capabilities [4] Industry Overview - The domestic mobile repair market size is estimated to reach CNY 83.5 billion to CNY 111.3 billion, based on a mobile ownership of 1.856 billion units and a repair rate of 15%-20% [5] - The annual growth rate for the mobile repair industry in China is expected to remain between 5%-8% from 2025 to 2029 [5] Management Perspective - The management anticipates growth in mobile repair and second-hand phone businesses due to longer consumer replacement cycles [6] - The company aims to build trust through a scalable chain model compared to smaller, fragmented service providers [6] - New marketing and service opportunities are emerging from platforms like Douyin and advancements in AI technology [6]