Core Viewpoint - The company reported a steady performance for 2024, with total revenue of 68.743 billion yuan, a year-on-year increase of 10.35%, and a net profit attributable to shareholders of 5.590 billion yuan, a year-on-year increase of 0.96% [2] Group 1: Financial Performance - In Q4 2024, the company achieved revenue of 17.49 billion yuan, a year-on-year decrease of 9.2% but a quarter-on-quarter increase of 4.8% [2] - The net profit for Q4 2024 was 1.69 billion yuan, a year-on-year increase of 2.0% and a quarter-on-quarter increase of 60.4% [2] - The decline in non-recurring net profit by 10.21% year-on-year to 4.609 billion yuan was attributed to market competition, rising raw material costs, and inventory reduction [2] Group 2: Market Position and Product Development - The company returned to the global top five in smartphone shipments in Q4 2024, with 27.2 million units shipped, a year-on-year decrease of 3.4% [3] - A settlement was reached with Qualcomm regarding patent disputes, which is expected to positively impact the company's operations [3] - The company is actively expanding into emerging markets and enhancing product offerings, particularly in Africa and Southeast Asia [3] Group 3: Business Expansion and Future Growth - The company is diversifying its product categories, including digital accessories, home appliances, and energy storage, anticipating high growth in these areas [4] - The mobile internet business is being developed with localized operating systems and various internet applications, positioning the company for future growth in Africa's early-stage mobile internet market [4] - The company is also focusing on AI applications, launching TECNO AIOS and AI assistant Ella in 2024, with further developments planned for 2025 [3][4]