Core Viewpoint - The company is celebrating its 30th anniversary and has changed its name from "韦尔股份" to "豪威集团," while also preparing for a dual capital platform operation model by applying for H-share listing in Hong Kong [1][2]. Group 1: Company Performance - In 2024, the company achieved revenue of 25.731 billion yuan, a year-on-year increase of 22.41%, and a net profit of 3.323 billion yuan, a significant increase of 498.11% [2]. - In Q1 2025, the company reported revenue of 6.472 billion yuan, a year-on-year growth of 14.68%, marking the highest revenue for the same period, with a net profit of 866 million yuan, up 55.25% [2]. - The image sensor business accounts for over 70% of the company's revenue, with more than 80% of that coming from the smartphone and automotive markets [2]. Group 2: Market Trends - The company noted a "polarization" in market demand, with high-end demand growing while mid-to-low-end demand focuses on cost-effectiveness [3]. - The company is aligning its product strategy with market demand by offering advanced technology and cost-effective solutions [3]. Group 3: Product Development - The company is launching a 1-inch 5000-pixel OV50X series CMOS image sensor aimed at high-end markets such as flagship smartphones and action cameras [3]. - The company plans to introduce a series of new products in the long-focus area, focusing on high pixel count and large sensors [3]. Group 4: Emerging Markets - The company is experiencing growth in the end-side AI application market, particularly in AI glasses, which are expected to see new product launches in the near future [5]. - The company's LCOS chips are positioned for growth in wearable devices, mobile displays, and automotive applications, including AR-HUD technology [5]. Group 5: H-share Listing and Future Plans - The company aims to use funds raised from the H-share listing to enhance R&D and expand overseas business, particularly in automotive, medical, and emerging markets [6].