Core Viewpoint - The company, Chuangyao Technology, reported a steady growth in revenue and profit for 2024, achieving an operating income of 592 million yuan and a net profit of 45.1 million yuan, reflecting a year-on-year growth of 4.42% despite a complex market environment [1] Group 1: Financial Performance - In 2024, the company achieved an operating income of 592 million yuan and a net profit of 45.1 million yuan, marking a 4.42% increase year-on-year [1] - The company plans to focus on existing core businesses while enhancing market development and integration capabilities for higher quality growth in 2025 [1] Group 2: R&D and Innovation - The company increased its R&D investment to 124 million yuan, accounting for 21.02% of its operating income, to drive innovation and product development [2] - The company is expanding its application fields in core technologies such as power line carrier communication chips and access network chips, which are crucial for long-term growth [2] - The company is actively developing short-range wireless chips for various IoT devices, aiming to capture new business opportunities in the mid-to-high-end wireless terminal market [3] Group 3: Strategic Investments - The company is strategically investing in high-quality enterprises in the semiconductor design and communication equipment sectors to enhance its competitive edge and extend its industry chain [4] - A collaborative mechanism involving professional investment institutions, government-guided funds, and industrial capital has been established to identify high-growth potential startups [4] - The company plans to continue leveraging capital to implement strategic acquisitions of quality assets while enhancing the operational efficiency of invested enterprises [4] Group 4: Shareholder Returns - The company has implemented various shareholder return mechanisms, including cash dividends and share buybacks, to enhance investor rights protection [6] - A cash dividend of 4.5 yuan per 10 shares is proposed, totaling 4.99 million yuan, which represents 35.78% of the net profit attributable to the parent company for 2024 [6] - The cash dividend ratio has increased from 30.50% in 2021 to 35.78% in 2024, demonstrating a commitment to sharing development results with investors [6]