Core Insights - The company, Tongyu Communication, has garnered significant attention from over 80 institutional investors during an online research session, highlighting its core competitiveness in the communication sector [1] - The company reported a revenue of 1.194 billion yuan with a gross profit margin increase of 6.73 percentage points to 22.21% compared to the previous year, indicating strong operational performance [1] - The company is focusing on satellite communication as a key investment area, with plans to enhance its core competitiveness in this field [2][3] Financial Performance - In 2024, the company's satellite communication products generated revenue of 42.8002 million yuan, marking the beginning of returns on prior investments [3] - The overseas revenue reached 436 million yuan in 2024, representing a year-on-year growth of 20.27%, accounting for 36.51% of total revenue [4] - The gross profit margin for overseas revenue was 25.52%, significantly higher than domestic revenue margins [4] Research and Development - The company allocated approximately 96.0361 million yuan for R&D in 2024, which is 8.04% of total revenue, indicating a strong commitment to innovation [4] - As of December 31, 2024, the company holds 766 effective patents in the RF communication field, including 37 international patents and 232 domestic invention patents, positioning it as a leader in the industry [4] Strategic Direction - The company aims to build a comprehensive and forward-looking development strategy focusing on market demand and industry trends, particularly in 5G-A and satellite communication [5] - The company is leveraging China's manufacturing efficiency and global resource integration to reshape the competitive landscape of the global communication industry [5]