Group 1: Company Overview - The company specializes in the research, production, and sales of IoT intelligent products, focusing on communication, positioning, and AI technologies [1] - In 2024, the company achieved a revenue of CNY 1.402 billion, a year-on-year increase of 24.85%, and a net profit of CNY 176 million, an increase of 0.81% [1] - In Q1 2025, the company reported a revenue of CNY 348 million, a year-on-year increase of 40.28%, and a net profit of CNY 40 million, an increase of 14.42% [2] Group 2: International Expansion - The company's overseas revenue reached CNY 327 million in 2024, accounting for 23.35% of total revenue, with a growth of 399.37% compared to 2023 [2] - The smart vehicle terminal is a key product for international expansion, with significant sales in Africa, Southeast Asia, and West Asia [2] - The company plans to enhance market share in these regions while focusing on developed markets in Europe and the US for long-term growth [2] Group 3: Product Development and Strategy - The company is committed to continuous R&D investment to optimize the underlying technology of smart vehicle terminals, improving product stability and adaptability to overseas usage scenarios [2] - A universal operation and maintenance management platform has been developed to simplify product adaptation and enhance customer experience [2] - The company operates a divisional management system, ensuring independent accounting for each business line, with all divisions, including the newly established overseas division, currently profitable [3] Group 4: Future Outlook and Risk Management - The company aims to steadily increase R&D and marketing investments for overseas operations while maintaining profit growth as a primary goal [3] - Investors are advised to make rational decisions and be aware of investment risks, as the content does not constitute commitments or guarantees regarding industry predictions or company development strategies [4]

Core Viewpoint - The company, BoShijie, is a high-tech enterprise specializing in the research, development, and sales of IoT intelligent products, with significant growth expected from overseas expansion and new product offerings [1][2]. Group 1: Company Overview - BoShijie is recognized as a "specialized and innovative" small giant enterprise, focusing on core technologies such as communication, positioning, and AI [2]. - The company achieved a revenue of 1.402 billion yuan in 2024, a year-on-year increase of 24.85%, and a net profit of 176 million yuan, up 0.81% from the previous year [2]. - In Q1 2025, the company reported a revenue of 348 million yuan, representing a 40.28% increase year-on-year, with a net profit of 40 million yuan, an increase of 14.42% [2]. Group 2: Future Growth Drivers - Future revenue growth will primarily come from three areas: overseas expansion, new product solutions, and technological advancements [3]. - The company’s overseas sales revenue reached 327 million yuan in 2024, a staggering increase of 399.37% compared to 2023 [3]. - The diversification of product offerings is evident, with other smart hardware generating 142 million yuan in revenue in 2024, a growth of 21.70% from 2023 [3]. Group 3: International Market Strategy - The company is actively pursuing overseas markets, with significant sales in regions such as Africa and ongoing efforts for product certification and promotion in Europe and the United States [4]. - The smart sleep management system is primarily sold in the European and American markets [4]. Group 4: Profit and Revenue Discrepancy - The discrepancy between profit and revenue growth in Q1 2025 is attributed to changes in product structure affecting gross margins and increased costs associated with overseas market expansion [5]. - The company plans to enhance internal control and optimize resource allocation to achieve synchronized growth in profit and revenue as business scales [5].

Group 1: Company Overview - The company specializes in the research, production, and sales of IoT intelligent products, recognized as a high-tech enterprise and a "specialized and innovative" small giant [3] - The company achieved a revenue of CNY 1.402 billion in 2024, a year-on-year increase of 24.85%, and a net profit of CNY 176 million, an increase of 0.81% compared to the previous year [3] - In Q1 2025, the company reported a revenue of CNY 348 million, a 40.28% increase year-on-year, with a net profit of CNY 40 million, up 14.42% from the same period last year [3] Group 2: Future Growth Strategies - The company's future revenue growth will primarily come from three areas: international expansion, product diversification, and technological advancements [3] - In 2024, overseas sales generated CNY 327 million, a staggering growth of 399.37% compared to 2023 [3] - Revenue from other smart hardware reached CNY 142 million in 2024, reflecting a 21.70% increase from 2023, showcasing the success of the company's product diversification strategy [3] Group 3: Market and Product Insights - The company is focusing on overseas markets, with significant sales in Africa and ongoing efforts for product certification and promotion in Europe and the United States [4] - The disparity between profit and revenue growth in Q1 2025 is attributed to the rapid revenue increase from smart sleep terminals and smart travel components, which affected overall gross margin [4] - The company plans to enhance internal control and optimize resource allocation to align profit and revenue growth as business scales [4] Group 4: Product Development and Domestic Market - The smart sleep terminal, primarily sold overseas, is designed to improve sleep quality without altering existing home decor [4] - The company aims to explore partnerships with domestic brands based on customer needs and industry trends [4]