Recently, EZVIZ Network (688475.SH) released its 2024 annual report, and the company's operating income was 5.442 billion yuan, a year-on-year increase of 12.41%. net profit attributable to shareholders of listed companies was 504 million yuan, a year-on-year decrease of 10.52%. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 483 million yuan, a year-on-year decrease of 12.63%. Basic earnings per share was 0.64 yuan. In addition, it is proposed to distribute a cash dividend of 3.5 yuan (tax included) to all shareholders for every 10 shares.

Regarding the decline in net profit, the company explained that the newly expanded smart new products are still in the early stage of market construction, and the investment in various marketing expenses has increased.

During the reporting period, the company's sales expenses were 858.302 million yuan, an increase of 26.66% from 677.6368 million yuan in the same period of last year, mainly due to the company's continuous promotion of domestic and overseas retail channel construction.

It is worth noting that EZVIZ Network also announced the first quarter report of 2025, with operating income of 1.38 billion yuan in the reporting period, a year-on-year increase of 11.59%; net profit attributable to shareholders of listed companies was 138 million yuan, a year-on-year increase of 10.42%; Basic earnings per share was 0.18 yuan.

The main business of Hangzhou EZVIZ Network Co., Ltd. is intelligent life solutions based on AI interaction; Provide open AI IoT cloud platform services for industry developer customers.

Source: Reading and Entrepreneurship