Group 1: Business Overview - In 2024, the company's revenue is primarily divided into four sectors: big data software products and services (37.50%, ¥291 million), artificial intelligence software products and services (33.24%, ¥258 million), security products, and system integration and others [2][3] - The company has established eight R&D institutions in Beijing, Chengdu, and Guangzhou, with nearly 900 R&D personnel, accounting for 48.59% of the total workforce [4] Group 2: Product and Technology - The Tuotian Chain Intelligent Agent platform is designed for non-technical users, offering a no-code or low-code environment to simplify AI project implementation [3] - The company is actively developing vertical agents for various industries, including public opinion and fintech, to enhance AI applications [3] Group 3: Investor Engagement - The company emphasizes maintaining active communication with investors to share business progress and developments [3]

Core Viewpoint - The company reported a decline in revenue and significant losses in its 2024 annual report, despite ongoing investments in AI and big data technologies [1][4]. Group 1: Financial Performance - The company achieved total revenue of 777 million yuan, a year-on-year decrease of 0.59% [1]. - The net profit attributable to shareholders was a loss of 94.15 million yuan, representing a year-on-year decline of 358.17% [1]. - The non-recurring net profit was a loss of 171 million yuan, down 7121.78% year-on-year [1]. Group 2: AI and Big Data Developments - In 2024, the company made significant advancements in AI, particularly with the launch of the "Tuotian Big Model Integrated Platform" and "Tuotian Chain Intelligent Agent Platform," which have been successfully implemented in various sectors [4]. - The Tuotian Big Model has been applied in over 40 projects across nine verticals, enhancing the level of industry intelligence [4]. - R&D expenses increased by 8.16% year-on-year, accounting for 43% of total revenue, which is significantly higher than the industry average [4]. Group 3: Data Services and Market Challenges - The data services segment was a highlight for the company in 2024, with open-source intelligence revenue reaching 24.89 million yuan, a year-on-year increase of 111.89% [4]. - The overall performance of the data services segment was uneven, with big data software product and service revenue declining by 7.05% to 291 million yuan due to stabilizing digital transformation demands [5]. - Despite a 13.87% year-on-year growth in data service revenue, the overall growth rate has slowed, indicating increased market competition and structural adjustments in client budgets [5]. Group 4: International Expansion - The company's overseas business made substantial progress in 2024, with international revenue reaching 9.24 million yuan, a year-on-year increase of 55.04% [6]. - The company is focusing on markets in the Middle East, Southeast Asia, Latin America, and Belt and Road countries through its wholly-owned subsidiary, Tuotian International [6]. - Despite significant growth in international business, it still represents only 1.2% of total revenue, and the company plans to invest 8 million USD for further overseas market expansion [6].