Core Insights - Tianyang Technology reported a revenue of 1.766 billion yuan and a net profit of 77.5 million yuan for the year 2024, with a net cash flow from operating activities of 123 million yuan [1] Group 1: Business Focus and Performance - The company primarily engages in consulting, fintech, digital finance, and financial IT services, focusing on key banking business areas such as credit cards, credit management, and financial markets [1] - In the credit business segment, Tianyang Technology generated nearly 500 million yuan in revenue and launched over 20 new credit-related projects during the year [1] - All projects initiated in 2023 have successfully gone live and are operating stably [1] Group 2: Technological Advancements - The company upgraded three core product technology systems in the credit card sector, including CreditX digital retail products and OmniAcq full-link payment platform, marking significant progress in fintech infrastructure [1] - A strategic partnership was established with SS&C Algo to develop a proprietary Tianyang version that meets domestic innovation requirements, making the company the exclusive agent and service provider for Algo's full line of software products in mainland China [2] Group 3: Research and Development - In 2024, the company invested 327 million yuan in R&D, representing 18.53% of its total revenue, with nearly 70 million yuan generated from artificial intelligence [2] - Over the past three years, total R&D investment has approached 1 billion yuan, with the proportion of R&D spending relative to total revenue increasing rapidly [2] - A strategic cooperation agreement was signed with Hunan University to establish a financial supercomputing innovation center and a joint laboratory for smart financial innovation [2] Group 4: Future Directions - The company aims to explore the application of next-generation artificial intelligence in the financial sector and enhance its product lines and industry presence [3] - There is a commitment to solidifying IT solutions for banks and improving productization and specialization capabilities to become a technology-driven, product-oriented enterprise [3]