LY iTECH(002600)2025-04-07 09:32Financial Performance - In 2024, the company achieved a revenue of CNY 44.211 billion, representing a year-on-year growth of 29.56% [2][4] - The net profit attributable to shareholders was CNY 1.753 billion, with operating cash flow of CNY 4.021 billion [4] - AI terminal hardware-related business revenue reached approximately CNY 40.731 billion, growing by 32.75% year-on-year [5][7] Business Transformation and Strategy - The company successfully transitioned from a product manufacturing expert to a solution provider, becoming a global leader in AI terminal hardware manufacturing [2] - For 2025, the strategic focus is on "strategic determination and solid foundation," emphasizing innovation and international development [2][16] - The company aims to enhance its core competitiveness by creating an integrated smart manufacturing platform that combines lean, digital, automated, and green practices [3][16] Market Expansion and Product Development - The company is expanding its overseas market presence and enhancing profitability, with 58 production and service locations globally [13] - In the AI terminal sector, significant progress was made in areas such as AI glasses, XR wearables, and thermal management solutions [5][6][9] - The imaging display business saw a revenue increase of 103.32%, reaching CNY 11.270 billion in 2024 [5] Robotics and Automation - The company has been actively investing in automation and robotics, particularly in humanoid robots, with over 400 patents accumulated [9][10] - The product layout includes core technologies for servo motors, reducers, and controllers, aiming to become a manufacturer of complete robotic systems [10][12] Industry Outlook - The AI terminal market is expected to focus more on application scenarios, solutions, and service integration, with new terminal forms emerging rapidly [14] - The integration of AI technology in consumer electronics is anticipated to drive innovation and a new wave of product upgrades [6][14]