Group 1: Business Performance - The smart cockpit terminal business achieved revenue of 100.65 million yuan in 2024, a year-on-year increase of 5,454.91% [2] - The company is focusing on expanding its smart cockpit terminal business, with increasing customer project approvals and recognized advantages in integrated design and manufacturing capabilities [2][3] Group 2: Strategic Development - The company plans to strengthen cooperation with automotive manufacturers, chip manufacturers, and software developers to cultivate the smart cockpit industry ecosystem [3] - The long-term strategy emphasizes technological innovation and comprehensive software and hardware service solutions for automotive cockpit electronics [4] Group 3: Market Trends and Innovations - The automotive cockpit electronics industry is entering a rapid growth phase, with trends towards intelligence, localization, and ecological integration [7][8] - New display technologies such as OLED, Micro LED, and Mini LED are expected to dominate in-car interaction interfaces, enhancing user experience [8] Group 4: R&D and Future Investments - The company will maintain stable R&D investments, focusing on technological breakthroughs and building differentiated competitive advantages [9] - Key R&D directions include large-size dual screens and Mini LED technology, with an emphasis on meeting information and functional safety standards [9] Group 5: Challenges and Cost Management - Profit decline is attributed to the gradual ramp-up of the Nantong smart manufacturing plant, high costs from multiple R&D projects, and losses from joint ventures [9] - The company aims to enhance market development, establish a comprehensive quality management system, and optimize costs across the entire value chain [9]