Core Viewpoint - Meixin Sheng Technology (Beijing) Co., Ltd. reported a decline in revenue and net profit for the year 2024, indicating challenges in its financial performance compared to previous years [1]. Financial Performance - The company achieved operating revenue of 404.17 million yuan in 2024, a decrease of 14.43% from 472.31 million yuan in 2023 [2]. - The net profit attributable to shareholders of the parent company was -66.57 million yuan in 2024, a significant decline of 320.76% compared to a profit of 30.15 million yuan in 2023 [2]. - The net cash flow from operating activities was -77.08 million yuan in 2024, an improvement from -152.62 million yuan in 2023 [4]. Assets and Equity - As of the end of 2024, the total assets of the company were 1.997 billion yuan, down 7.37% from 2.372 billion yuan at the end of 2023 [3]. - The equity attributable to shareholders of the parent company was 1.889 billion yuan, a decrease of 9.27% from 2.082 billion yuan in 2023 [2]. Product Performance - The optical sensor product line, part of the signal chain products, generated revenue of 69.14 million yuan in 2024, marking a substantial increase of 527.78% year-on-year, accounting for 17.11% of the total revenue [3]. Executive Compensation - The total compensation for the board of directors and senior management in 2024 was 8.36 million yuan, an increase of 17.88% from 7.10 million yuan in 2023 [5]. - The chairman, Cheng Baohong, received a salary of 1.187 million yuan in 2024, reflecting a year-on-year increase of 68.49% [6].