Core Insights - The company reported a significant increase in revenue for 2024, achieving 1.33 billion yuan, which represents a year-on-year growth of 89.97% [1][2] - However, the net profit attributable to shareholders was negative at -32.86 million yuan, a decline of 137.17% compared to the previous year [1][2] - The cash flow from operating activities also saw a substantial decrease, dropping by 84.96% to 17.06 million yuan [1][2] Financial Performance Summary - **2024 Financials**: - Revenue: 1,328,260,907.08 yuan, up 89.97% from 699,190,595.82 yuan in 2023 [2] - Net Profit: -32,864,626.71 yuan, down 137.17% from 88,410,809.90 yuan in 2023 [2] - Net Profit (excluding non-recurring items): -36,036,099.24 yuan, down 142.58% from 84,635,209.07 yuan in 2023 [2] - Operating Cash Flow: 17,062,870.87 yuan, down 84.96% from 113,446,609.28 yuan in 2023 [2] - **Q1 2025 Financials**: - Revenue: 422,528,336.57 yuan, up 19.35% from 354,021,375.03 yuan in the same period last year [3] - Net Profit: 25,981,547.72 yuan, up 29.10% from 20,125,230.01 yuan in the same period last year [3] - Net Profit (excluding non-recurring items): 24,088,087.49 yuan, up 32.92% from 18,121,748.56 yuan in the same period last year [3] - Operating Cash Flow: -9,114,632.96 yuan, compared to 11,431,704.38 yuan in the same period last year [3] Capital Raising Activities - The company raised a total of 431,775,000.00 yuan from its initial public offering, with a net amount of 392,977,600.00 yuan after deducting issuance costs [4] - The funds raised are intended for various projects, including product upgrades and the establishment of a new R&D center [4] - In a previous issuance, the company raised approximately 400 million yuan, with a net amount of 392,352,663.82 yuan after costs [5]