Core Insights - The company reported a revenue of 379 million yuan for 2024, marking an 18.24% year-on-year increase, while the net profit attributable to shareholders decreased by 27.89% to 41.45 million yuan [1] - The company is diversifying its revenue streams, with significant growth in engineering simulation software and a notable increase in technical service revenue due to recent acquisitions [1][3] - The launch of the "Tian Gong·Kai Wu" physical AI platform is expected to revolutionize industrial applications by integrating modeling and simulation, enhancing efficiency and cost-effectiveness [2] Revenue and Profitability - For 2024, the company's engineering simulation software revenue reached 228 million yuan, up 21.72% year-on-year, with a gross margin of 96.39% [1] - Technical service revenue surged by 3150.08% to 10.82 million yuan, attributed to acquisitions made in 2023 and 2024 [1] Strategic Acquisitions - The company invested 88 million yuan to acquire a 55% stake in Mai Si Jie, a leader in electronic information equipment technology, enhancing its capabilities in atmospheric waveguide prediction [3] - Plans are underway to acquire a 51% stake in Li Kong Technology, which focuses on intelligent manufacturing solutions, further strengthening the company's position in the physical AI sector [3] Future Outlook - The company forecasts revenues of 535 million yuan, 758 million yuan, and 1.078 billion yuan for 2025 to 2027, with net profits projected at 96 million yuan, 125 million yuan, and 150 million yuan respectively [4] - The company maintains a positive outlook on its growth trajectory, supported by ongoing resource integration and the introduction of new platforms [4]