MEIYA PICO INC.(300188)2025-04-02 10:38Financial Performance - In 2024, the company achieved total revenue of 1,769.12 million CNY, a decrease of 10.82% year-on-year [1] - The net profit attributable to shareholders was -415.01 million CNY, down 101.83% year-on-year [1] - The total assets at the end of the reporting period were 5,278.05 million CNY, a decrease of 7.07% from the previous year [1] - The equity attributable to shareholders was 3,507.98 million CNY, down 11.40% year-on-year [1] Revenue Breakdown - Revenue from electronic data forensics products was approximately 711 million CNY, accounting for 40.21% of total revenue [2] - Revenue from public safety big data products was about 672 million CNY, representing 38.00% of total revenue [2] - Revenue from digital government and enterprise digitalization products was 278 million CNY, making up 15.74% of total revenue [2] - Revenue from new network security products was around 107 million CNY, accounting for 6.04% of total revenue [2] Business Development Strategies - The company is focusing on building a "city brain" capability in digital governance, providing comprehensive solutions and big data platform products [3] - In enterprise digitalization, the company is leveraging digital technologies to create products like "AI Vision" for intelligent analysis in various sectors [3] - The new network security strategy includes a "one center, two systems" product solution to enhance risk perception and automatic response capabilities [3] R&D and Innovation - The company invested 13.87% of its revenue in R&D, with 80 new patents granted, including 75 invention patents [4] - The "All in AI" strategy aims to integrate AI technology across all product lines, enhancing the company's competitive edge [4] - The company has received multiple awards for its technological advancements, including the second prize in the Fujian Provincial Science and Technology Progress Award [5] Market Outlook and Customer Demand - The company anticipates a continued upgrade in customer demand for intelligent products and services in 2025 [12] - Key drivers for demand growth include increased policy support, technological advancements, and the expansion of customer industries [12] - The company is implementing a dual strategy of "opening up and tightening" to enhance efficiency and mitigate risks from potential budget cuts by clients [14]