Core Insights - The article discusses the necessity of multi-terminal adaptation in the digital transformation of enterprises, highlighting the limitations of traditional single-platform development models and the need for effective cross-platform app development solutions [1][4]. Cross-Platform App Development Solutions - Current mainstream cross-platform app development solutions include Flutter, React Native, and Taro, each with distinct characteristics and suitable scenarios [1]. - **Flutter**: Developed by Google, it offers near-native performance through a self-drawing engine but requires developers to learn Dart, which may pose a transition challenge for teams familiar with JavaScript [1]. - **React Native**: Created by Facebook, it allows developers to use JavaScript to create apps with a near-native experience but faces compatibility issues due to its reliance on native component bridging, particularly across different mobile operating systems [2]. - **Taro**: A framework designed for multi-terminal development, primarily focused on mini-program scenarios, but may not meet complex requirements for native app functionality or compatibility with certain operating systems [3]. Limitations of Traditional Solutions and FinClip's Value - Traditional cross-platform frameworks struggle with two main issues: the collaboration between mini-programs and apps, and the adaptation to domestic operating systems like HarmonyOS and Xinchuang [4]. - **FinClip**: A mini-program digital management platform that integrates with existing apps to enable mini-program functionality without extensive code modification, thus addressing the limitations of traditional frameworks [5]. Advantages of FinClip - **Full Terminal Coverage**: FinClip SDK has achieved native adaptation for HarmonyOS and has received multiple certifications for compatibility with domestic operating systems, allowing enterprises to meet dual demands for app functionality and mini-program operation [6]. - **Compatibility with WeChat Ecosystem**: FinClip allows for seamless migration of WeChat mini-programs into existing apps, significantly reducing development costs and enhancing app functionality [6]. - **Lightweight and Non-Intrusive**: FinClip's SDK is designed to integrate without conflicts with existing app functionalities, maintaining performance and providing developer tools for efficient workflow [6]. Practical Applications of FinClip - In the financial sector, a bank utilized a combination of Flutter for app development and FinClip for mini-program integration, resulting in a 20% increase in user engagement [8]. - In the government sector, a police app adapted to Xinchuang systems using FinClip, enabling easy management of localized mini-programs without the need for app re-releases, thus reducing operational costs [9]. - For enterprises aiming to build "super apps," FinClip supports the separation of functionalities into mini-programs, allowing for agile operations and rapid deployment of business features [9]. Conclusion - The choice of cross-platform app development tools should be based on specific enterprise needs, with a combination of traditional frameworks and FinClip providing a comprehensive solution for reducing development costs and meeting domestic adaptation requirements [9].

Core Viewpoint - The company reported strong financial performance for 2024, with revenue of 4.034 billion yuan (yoy +10.06%) and net profit attributable to shareholders of 125 million yuan (yoy +280.73%), driven by the growth of its intelligent computing business [1] Financial Performance - In Q4 2024, the company achieved revenue of 1.253 billion yuan (yoy +41.41%, qoq +14.67%) and net profit of 42.72 million yuan, a significant increase from 1.48 million yuan in Q3 2023 (qoq +66.10%) [1] - For Q1 2025, the company reported revenue of 852 million yuan (yoy +19.35%) and net profit of 42.12 million yuan (yoy +226.89%), with a non-recurring net profit of 36.07 million yuan (yoy +354.16%) [2] Business Growth Drivers - The rapid growth in net profit for 2024 is attributed to the significant increase in orders for the intelligent computing business, which is expected to continue driving profit growth in 2025 [2][3] - The company established a subsidiary, Tengyun Intelligent Computing, to focus on AI computing power planning, design, equipment delivery, operation optimization, and computing power scheduling, thereby expanding its market presence [2] Industry Expansion - The company's industrial IoT business revenue reached 151 million yuan in 2024, a year-on-year increase of 47.88%, driven by the expansion of its customer base, including partnerships with industry leaders like BYD and Hikvision [3] - The company’s terminal business revenue for 2024 was 2.597 billion yuan (yoy +3.65%), while ICT infrastructure revenue was 631 million yuan (yoy -7.73%) [3] Product Development - The company has adapted over 20 products to the OpenHarmony ecosystem, which includes modules for smart education, commercial display, new retail, industrial automation, and home applications, indicating a strategic move towards building a self-controlled growth point [4] Profit Forecast and Valuation - The company has adjusted its profit forecasts for 2025-2026, expecting net profits of 244 million yuan and 301 million yuan, respectively, with an estimated EPS of 0.98 and 1.20 yuan [5] - The target price has been raised to 54.90 yuan, reflecting a price-to-earnings ratio of 56.0x for 2025, based on the anticipated rapid growth in profits from the intelligent computing business [5]