Core Viewpoints - The company achieved a revenue of 1.51 billion in 2024, representing a year-on-year increase of 7.47%, while the net profit attributable to shareholders was 192 million, down 15.17% year-on-year [1] - The company is focusing on the development of its industrial software product matrix, with significant growth in AI business and a strong partner ecosystem for future growth [2][3] Revenue Breakdown - Cloud products and services generated a revenue of 458 million in 2024, up 6.68% year-on-year, with a comprehensive offering of 12 industry packages, 36 sub-applications, and 156 industrial components [2] - Software systems and services saw a revenue decline to 316 million in 2024, down 39.92% year-on-year, as the company integrated various software tools and systems to provide full-process system services [2] - Industrial engineering and electrical products and services achieved a revenue of 456 million in 2024, up 6.70% year-on-year, focusing on digital production lines and high-power frequency converter technology [2] AI Business Growth - The company launched the "Ling Series" AI agent product system, achieving a revenue of 273 million in 2024, a remarkable increase of 1255.99% year-on-year [3] - The company signed two major contracts worth over 100 million each in 2024, marking a significant breakthrough in its AI business [3] - The company is enhancing its collaboration with partners like Huawei to develop multi-scenario solutions, covering industries such as heavy equipment, automotive, high-tech electronics, and general machinery, serving over 3,000 clients [3] Future Projections - Revenue projections for 2025-2027 are estimated at 1.76 billion, 2.07 billion, and 2.34 billion respectively, with year-on-year growth rates of 16.6%, 17.3%, and 13.2% [4] - Earnings per share (EPS) are projected to be 1.05, 1.22, and 1.41 for the years 2025, 2026, and 2027 respectively [4]