On February 21, EZVIZ Network (688475.SH) announced the 2024 annual performance report, in 2024, the company achieved a total operating income of 5441.9399 million yuan, a year-on-year increase of 12.41%; the total profit was 539.3821 million yuan, a year-on-year decrease of 5.02%; the net profit attributable to the owners of the parent company was 503.9277 million yuan, a year-on-year decrease of 10.52%; The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 483.4183 million yuan, a year-on-year decrease of 12.63%. At the end of the reporting period, the company's total assets were 835,375.97 million yuan, an increase of 1.84% over the beginning of the reporting period; The owner's equity attributable to the parent company was 549,330.70 million yuan, an increase of 4.34% over the beginning of the reporting period.

During the reporting period, the company continued to launch competitive products, continued to expand and optimize the construction of domestic and foreign channels, and achieved steady growth in overall operating income. At the same time, the company maintains reasonable investment to provide impetus for medium and long-term development. During the reporting period, the company continued to focus on its core advantages, consolidated technology research and development, actively expanded the market for new products such as innovative categories of smart home cameras, smart locks, household and commercial cleaning robots, and smart wearables, actively laid out new retail channels in the whole domain, and continuously built the brand influence of the company's various core product lines at home and abroad. The company's newly expanded smart new products are still in the early stage of market construction, and the investment in various marketing expenses has increased, and the net profit attributable to the owners of the parent company in 2024 has decreased compared with 2023.