On April 15, Gelonghui reported that Tianfeng's Research Reports indicated that Aojie Technology (688220.SH) achieved a net profit attributable to the parent company of -0.693 billion in 2024, a year-on-year decrease of 37.01%, with a net profit attributable to the parent company of -0.281 billion in Q4, down 252.9% year on year. In 2024, the company continues to maintain a strong growth momentum in the chip business. On one hand, relying on long-term deep cultivation and technical accumulation in the cellular baseband chip field, it continues to promote product iteration, making its product series increasingly rich and its competitive advantage more significant; on the other hand, the company continues to increase efforts in market development, particularly achieving breakthroughs in certain niche markets within the cellular Internet of Things, significantly boosting chip sales and ultimately leading to substantial growth in the company’s overall revenue compared to the same period last year. The company's sustained and stable large-scale R&D investment ensures rapid product upgrades, forward-looking technological research, and multi-level product layout. Actively expanding new customers and projects, chip customization business revenue reached 0.336 billion yuan, a year-on-year growth of 48.4%. The company continues to achieve breakthroughs in certain niche markets of the cellular Internet of Things, coupled with the active expansion of the chip customization business, is expected to drive accelerated performance growth; maintaining a 'Buy' rating.