Core Insights - The company reported a revenue of 3.932 billion yuan for 2024, representing a year-on-year growth of 20.95% [1] - The net profit attributable to shareholders reached 641 million yuan, a significant increase of 257.59% year-on-year [1] - The operating cash flow net amount was 748 million yuan, showing a growth of 72.22% [1] Smart Maintenance Business - The smart maintenance business achieved a revenue of 3.018 billion yuan in 2024, with a year-on-year growth of 13.93% [1] - Revenue from automotive comprehensive diagnostic products was 1.267 billion yuan [1] - TPMS series products generated 706 million yuan, marking a growth of 32.55% [1] - ADAS calibration products contributed 390 million yuan, with a year-on-year increase of 26.98% [1] - Software upgrade services brought in 446 million yuan, growing by 24.20% [1] - The company aims to transform its maintenance business into an AaaS model, leveraging AI technology for enhanced diagnostic capabilities [1] Intelligent Energy Business - The intelligent energy business saw a revenue of 867 million yuan, with a substantial year-on-year growth of approximately 53% [2] - This segment accounted for over 22% of the company's total revenue [2] - The customer base includes nearly 100 core clients across various sectors, including charging operators and energy companies [2] - The company has established strategic partnerships with several international energy firms to promote the construction and popularization of new energy charging stations [2] - The company has set up production bases in Shenzhen, Vietnam, and North Carolina, enhancing its global operational capacity [2] Future Projections - The company is expected to achieve revenues of 4.81 billion, 5.99 billion, and 7.50 billion yuan from 2025 to 2027, with year-on-year growth rates of 22.4%, 24.4%, and 25.3% respectively [3] - Net profit attributable to shareholders is projected to be 800 million, 980 million, and 1.23 billion yuan for the same period, with growth rates of 24.0%, 23.0%, and 25.2% [3] - The current stock price corresponds to price-to-earnings ratios of 25, 20, and 16 for 2025 to 2027 [3]