Core Viewpoint - 博汇科技 reported a revenue of 173 million yuan in 2024, a year-on-year decrease of 9.91%, while the net profit attributable to shareholders was -38.47 million yuan, showing a reduction in losses by 10.88% compared to the previous year [1][4] Revenue and Profit Summary - The company's revenue declined from 192 million yuan in 2023 to 173 million yuan in 2024, primarily due to slowed growth in end-user business, reduced project demand and budgets, and delays in project delivery and acceptance [4] - Despite the revenue drop, the gross margin improved to 47.25% from 41.69% in 2023 due to enhanced cost control and project management [4] - The net profit attributable to shareholders was -38.47 million yuan in 2024, compared to -43.17 million yuan in 2023, reflecting a 10.88% reduction in losses [4] - The non-recurring net profit was -41.97 million yuan, a decrease of 4.93% from -44.14 million yuan in 2023 [4] AI Technology Application - 博汇科技 increased its investment in artificial intelligence in 2024, achieving significant progress in applications related to audiovisual big data, smart education, and intelligent display control [1][5] - The company developed the "博汇慧视多模态内容分析大模型算法" and "博汇学道音视频分析大模型算法," which were registered for deep synthesis service algorithms, becoming a model partner in Beijing's general AI industry innovation program [1][5] Hardware Localization - 博汇科技 achieved 90% localization of its hardware products and 100% localization of its B/S architecture software in 2024, enhancing its competitiveness in the domestic market [6] - The company launched the "博汇画面云" product line, focusing on core processing capabilities for audiovisual data, and has supported information technology upgrades at institutions like Tsinghua University and Peking University [6] Future Outlook - The acceleration of localization and continuous investment in AI technology are expected to provide strong support for 博汇科技's future business development [6][5] - The company needs to improve its overall financial condition while optimizing its cost structure to achieve substantial profitability [6]