Weaver Network(603039) 新浪财经·2025-04-16 08:43Core Viewpoint - The economic environment is putting short-term pressure on revenue, but the company is maintaining stable operations, resulting in good performance in profits and cash flow, driven by demand from government and AI initiatives [1]. Financial Performance - In 2024, the company achieved operating revenue of 2.362 billion yuan, a decrease of 1.31% - The net profit attributable to shareholders was 203 million yuan, an increase of 13.58% - Operating cash flow reached 293 million yuan, up by 21.62% - Gross margin remained relatively stable at 93.25%, down by 0.69 percentage points - The expense ratios for sales, management, and R&D were 68.31%, 3.09%, and 13.75%, showing reductions of 1.37, 0.57, and 1.05 percentage points respectively, indicating effective cost control [2][3]. Growth Drivers - The government and party's digital transformation initiatives are expected to accelerate by 2025, driving demand for OA collaborative software - The national policy is pushing for the completion of domestic software replacements by 2027, with OA software being well-positioned for this transition - The company, in collaboration with Huawei, launched the "DeepSeek & Xiaoe.AI Intelligent Office Integrated Solution" in March 2025, aiming to enhance smart and efficient government collaboration, potentially opening new revenue growth avenues [3]. AI Opportunities - The company released the enterprise intelligent brain Xiaoe.AI in December 2024, leveraging data and technology accumulated in the collaboration field - The AI system includes a "large model + small model + intelligent agent" framework, applicable across various business functions such as marketing, sales, and finance - The company expanded its service teams by 90 and filled 32 gaps in cities to support its strategic goals of expanding into new cities and overseas markets - The transformation brought by AI is creating numerous intelligent application scenarios and commercialization opportunities, with data and experience becoming key competitive advantages in AI applications [4].