Core Insights - The company reported a revenue of 6.522 billion yuan for 2024, marking a year-on-year increase of 31.27% [1][3] - The net profit attributable to shareholders was -239 million yuan, a significant decline from a profit of 19 million yuan in the previous year [1][3] - The company will not distribute cash dividends or issue bonus shares for 2024 [2] Financial Performance - For 2024, the operating revenue was 6.522 billion yuan, up from 4.969 billion yuan in 2023, reflecting a growth of 31.27% [3] - The net profit attributable to shareholders was -239 million yuan, compared to a profit of 19 million yuan in 2023, indicating a decrease of 1,354.99% [3] - The net cash flow from operating activities was -1.254 billion yuan, a decline of 288.12% from the previous year [3] Q1 2025 Performance - In the first quarter of 2025, the company achieved a revenue of 1.981 billion yuan, representing a year-on-year increase of 113% [4] - The net profit attributable to shareholders for Q1 2025 was 24.46 million yuan, a recovery from a loss of 47.80 million yuan in the same period last year [4] - The net cash flow from operating activities for Q1 2025 was -464 million yuan, compared to -88 million yuan in the previous year [4] Company Background - The company was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 22, 2019, with an initial issuance of 57.8 million shares at a price of 28.26 yuan per share [4] - The stock is currently in a state of decline since its initial public offering [4]