Core Viewpoint - The company, StarNet Ruijie, is focusing on integrating emerging technologies like AI and blockchain into its business strategy, aiming to enhance its position as a leading ICT infrastructure and AI application service provider in China [2][4]. Group 1: Business Strategy and Innovations - The company has adopted a development strategy termed "One Body, Three Wings, Four Engines," which emphasizes becoming a world-class provider of ICT infrastructure and AI application solutions [2]. - The company is actively pursuing AI integration across all business areas, with plans to develop its own industry large model platform for AI applications [2][4]. - Recent achievements include the advancement of the "AIGC Quantitative Analysis Platform" to the finals of the 2025 Digital China Innovation Competition in the AI track [2]. Group 2: Financial Performance - For the fiscal year 2024, the company reported a total revenue of approximately 16.76 billion yuan, representing a year-on-year growth of 5.35% [4]. - Operating profit reached about 550.61 million yuan, an increase of 22.53% compared to the previous year, while total profit rose by 23.96% to approximately 569.17 million yuan [4]. - The net profit attributable to shareholders was approximately 404.62 million yuan, reflecting a decrease of 4.76% year-on-year [4]. Group 3: Supply Chain Management - The company has established a rigorous supplier evaluation and management system to ensure supply chain stability and efficiency, particularly in light of global chip supply constraints [3][5]. - A diversified procurement strategy has been implemented to reduce reliance on single suppliers, ensuring the continuity and stability of procurement [3][5]. Group 4: Market Position and Customer Base - The company's network equipment products are widely used across various sectors, including government, finance, education, healthcare, and manufacturing [5]. - According to IDC data, the company ranks first in market share for Ethernet switches in the domestic internet, education, and retail sectors, as well as for data center switches in the internet and electronic manufacturing industries [5].

Group 1: Business Strategy and Innovations - The company has proposed a development strategy called "One Body, Three Wings, and Four Engines," aiming to become a world-class ICT infrastructure and AI application solution provider, targeting to be among the top three in the ICT infrastructure sector [1] - The company is focusing on AI integration, with plans to launch AI-related applications and establish its own industry model platform [1] - The "AIGC Quantitative Analysis Platform" advanced to the finals of the 2025 Digital China Innovation Competition, showcasing the company's commitment to AI innovation [1] Group 2: Supply Chain Management - The company has implemented a strict supplier evaluation and management system, utilizing a diversified procurement strategy to reduce reliance on single suppliers, ensuring procurement stability [2] - Current chip tariff issues have minimal impact on the company [2] Group 3: Market Performance and Financials - In 2024, the company achieved a total revenue of ¥16,758,313,911.83, a year-on-year increase of 5.35% [10] - Operating profit reached ¥550,614,854.80, reflecting a growth of 22.53% compared to the previous year [10] - Total profit amounted to ¥569,171,945.32, marking a 23.96% increase year-on-year, while net profit attributable to shareholders decreased by 4.76% to ¥404,620,959.25 [10] Group 4: Customer Base and Market Position - The company's network equipment products are widely used across various sectors, including government, telecommunications, finance, education, healthcare, and manufacturing [3] - According to IDC data, the company ranks first in market share for Ethernet switches in the domestic internet, education, and retail sectors, and also leads in data center switch market share in the internet and electronics manufacturing industries [3] Group 5: Future Growth Drivers - The company identifies AI integration, innovation in the trust-based industry, digital entertainment, smart spaces, and intelligent manufacturing as key drivers for future profit growth [5] - The company is closely monitoring emerging technologies like AI and blockchain to enhance its offerings in smart communications and entertainment [6]