公司通过深化与华为、运营商、信创生态伙伴的合作，共同推动"AI+信创"解决方案在央国企市场的规 模化落地。作为华为全面合作的全球伙伴，双方联合推出多项智能办公与集团管控解决方案，覆盖国内 外多个重大央国企项目。同时，公司产品已接入中国电信原子能力平台、中国移动云信创解决方案库， 进一步提升市场覆盖与服务响应能力。 公司在提升签约能力的同时，持续优化收入质量与现金流管理。公司合同负债同比增长37.00%，应收 账款下降18.09%，显示出公司在手订单充裕，经营韧性增强。随着"新质计划"的持续深化和AI产品成 熟度提升，公司有望在央国企市场进一步拓展高价值客户，实现可持续高质量增长。 致远互联通过"新质计划"持续深耕央国企市场，以AI与信创为核心打造差异化竞争力，推动大型组织 从"数字化"向"智能化"运营升级。未来，公司将继续强化平台能力、生态合作与客户成功体系，巩固在 央国企协同运营市场的领先地位。 （编辑 郭之宸） 致远互联围绕AI与信创两大核心，打造面向超大型组织的一体化协同运营平台，全面提升集团型客户 的数字化与智能化运营水平。 在AI技术应用方面，公司以CoMi智能体平台为核心，将AI能力深度嵌入公文、 ...

Core Viewpoint - The company is preparing for its 2024 annual financial settlement and 2025 budget report, emphasizing the importance of maintaining shareholder rights and ensuring orderly conduct during the shareholder meeting [1][5]. Meeting Procedures - The meeting will be organized by a designated committee to ensure proper attendance verification and orderly proceedings [1][2]. - Shareholders and their representatives have the right to speak, inquire, and vote, but must register to speak and adhere to time limits [2][3]. - Legal representatives will witness the meeting and provide legal opinions on the proceedings [3][4]. Financial Performance - In 2024, the company achieved a total revenue of 846.53 million yuan, a decrease of 18.97% year-on-year, with a notable 8.7% growth in enterprise orders [6][7]. - Research and development expenses accounted for 25.15% of total revenue, an increase of 2.48 percentage points compared to the previous year, indicating a commitment to enhancing core competitiveness through sustained investment [6][7]. Business Segments - The company has strengthened its market position in key industries such as central state-owned enterprises, manufacturing, and healthcare, with a 20.8% increase in contract amounts from central enterprises [7][8]. - The introduction of standardized products for small and medium-sized enterprises has lowered digitalization barriers and improved management efficiency [8][9]. Product Development - The company has launched several AI-driven products, including the AI-COP platform and various versions of its software tailored for different market segments, enhancing operational capabilities [9][10]. - The upcoming release of the new generation AI intelligent product line, CoMi, is expected to provide customizable AI solutions for clients [12][13]. Governance and Compliance - The board of directors has conducted regular meetings to ensure compliance with legal and regulatory requirements, maintaining effective governance and oversight [18][20]. - The supervisory board has confirmed that the company’s financial management and internal controls are robust, ensuring the protection of shareholder interests [33][34]. Future Outlook - The company aims to enhance its operational efficiency and customer value through strategic initiatives focused on AI integration and platform development, targeting sustainable growth [27][28]. - Plans for 2025 include expanding market presence in Southeast Asia and the Middle East, as well as enhancing digital solutions for government services [28][29].

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company's performance is under short-term pressure, with a significant decline in revenue and net profit, but the effectiveness of its AI strategy is gradually becoming evident [2][4] - In 2024, the company achieved revenue of 847 million, a year-on-year decrease of 18.97%, and a net profit attributable to the parent company of -236 million, with a worsening loss margin [2][3] - The company is increasing its R&D investment, with R&D expenses accounting for 25.15% of revenue, up 2.48 percentage points from the previous year, despite a decline in gross margin from 68.44% to 64.22% [2][3] Summary by Sections Financial Performance - In 2024, the company reported total revenue of 847 million, down 18.97% year-on-year, and a net profit of -236 million, with a significant increase in loss margin [2][3] - For Q1 2025, revenue was 105 million, a decline of 42.40% year-on-year, with a net profit of -67 million [1][2] - The company expects revenues to recover slightly in the coming years, with projections of 901 million in 2025 and 1,118 million in 2027 [3] Customer Orders and Market Segments - The company saw an 8.7% increase in enterprise orders in 2024, with contracts over one million growing by 27.2% [2] - The company has made significant inroads with central state-owned enterprises, achieving a contract amount growth of 20.8% [2] Product Development - The company is focusing on product iteration and upgrades, launching new versions based on different platforms to enhance operational efficiency [2][4] - The introduction of the new AI product line CoMi aims to provide customizable AI solutions for clients, integrating mainstream AI models [4] International Expansion - The company achieved a 45.8% growth in overseas revenue in 2024, with significant contracts established in regions like Hong Kong and the Middle East [2][4]