Financial Performance and Goals - The company aims to turn losses into profits in 2025, focusing on improving operational performance and maintaining R&D advantages [2][11] - In Q1 2025, the company achieved contract amounts, total revenue, and collections that met its budget targets [11] - The company reported a loss in 2024 due to intensified industry competition, increased operational costs, and significant investments in AI application adaptation [9][11] Product Development and Innovation - The company has developed the AI application development platform, Sunwaylink, which targets various sectors including third-party testing, retail, and manufacturing [3][4] - As of now, the company holds 103 invention patents and 199 software copyrights, contributing to its strong R&D capabilities [4] - The company is exploring over 20 AI application scenarios to enhance business efficiency and customer experience [10][11] Market Strategy and Sales Channels - The company primarily uses direct sales through public tenders and is exploring new sales models to reduce dependency on tendering [6][10] - It emphasizes maintaining good communication with investors through various channels to enhance understanding and recognition of the company [5] - The company is developing differentiated marketing strategies tailored to various industry clients based on their specific needs and characteristics [20] Data Management and AI Integration - The company is actively involved in data asset management, aiming to enhance data quality and security while promoting data circulation [12][13] - It plans to launch a data element management platform in 2024, which is expected to meet the growing market demand [12] - The company is committed to ensuring that its AI technologies align closely with industry needs to improve application effectiveness [14] Industry Outlook and Growth Potential - The software industry in China is expected to experience significant growth, driven by advancements in digital economy, AI, big data, and IoT technologies [12] - The company anticipates a high growth rate in the data asset management market, supported by national policies and increasing demand [12][13] - The company aims to leverage its strengths in digital inspection and data management to capture new market opportunities [12][11]

Core Viewpoint - The financial performance of the company in 2024 was disappointing, with significant declines in revenue and profit due to intensified industry competition, tightened customer budgets, and slowed bidding processes [1][7]. Business Analysis Smart Inspection and Testing Management - The smart inspection and testing management business, a core segment, faced challenges in 2024, primarily due to increased competition and reduced customer budgets, leading to slower bidding processes and unmet revenue growth expectations [4][7]. - The company launched several innovative products in this segment, including smart inspection management platforms and quality infrastructure service platforms, but customer acceptance and usage did not meet expectations [4][7]. Data Asset Management - The data asset management business saw a technological upgrade with the release of the DAMV13.2 version, aimed at enhancing data governance implementation [4][6]. - Despite technological advancements, market expansion was limited due to fragmented customer demand and intense competition [5][6]. Supply Chain Management - The supply chain management business integrated with data asset management to create a supply chain control tower, enhancing efficiency and precision [6]. - However, the company faced significant cost pressures during project implementation, as the complexity of supply chain management required substantial human and material resources, leading to increased operational costs [6][7]. Summary - Overall, the company's performance in 2024 was adversely affected by various external factors, resulting in a notable increase in operational costs and a significant decline in revenue and profits [1][7]. - Future improvements in operational conditions are anticipated with the completion of relevant technology adaptations and product market promotions, but maintaining a technological edge and effectively controlling costs remain critical challenges [7].