On June 24th, Gelonghui reported that Arcsoft Corporation (688088.SH) stated on the investor interaction platform that its annual revenue in 2023 was CNY 670 million, up 26.07% year-on-year; net income attributable to owners of the parent company was CNY 88.4877 million, up 53.03% year-on-year; and net income attributable to owners of the parent company after deducting non-recurring gains and losses was CNY 68.0694 million, up 898.87% year-on-year. Among them, the company's mobile intelligent terminal business achieved revenue of CNY 581 million in the current period, an increase of 22.82% year-on-year; and the company's smart driving and other IoT intelligent device business achieved revenue of CNY 74.294 million, a year-on-year increase of 67.26%. In the first quarter of 2024, the revenue was CNY 184 million, up 13.93% year-on-year; net income attributable to owners of the parent company was CNY 34.1653 million, up 21.21% year-on-year; and net income attributable to owners of the parent company after deducting non-recurring gains and losses was CNY 30.2846 million, up 23.91% year-on-year. Among them, the revenue from the mobile intelligent terminal business was CNY 161 million, up 8.91% year-on-year; and the revenue from the smart driving and other IoT intelligent device businesses was CNY 20.5937 million, up 84.37% year-on-year. 1. In terms of the mobile phone business: In 2023, the company achieved significant results in the landing projects of the unique "intelligent cross-domain integration" technology-related products and was highly recognized by customers. Currently, the "intelligent cross-domain integration" product is being extended to mid-to-low-end models. In 2024, the company will accelerate the promotion of the "intelligent cross-domain integration" technology and products, in addition to continuing to apply them to flagships of various customers, it will also be landing on more high-end and mid-to-low-end models while expanding product coverage to meet the differentiated needs of customers. In 2024, the company will also focus on investing in the "intelligent cross-domain integration" technology in image solution in related scenarios such as portraits and telephoto, striving to provide more personalized and diversified product choices. In addition to technological input in the image area, the company will also focus on the video field and plans to extend the "intelligent cross-domain integration" image processing technology to video applications, and continue to enrich the company's visual solution product line. 2. In terms of smart automobile business: In 2024, the company will continue to deepen the market of cockpit customers, expand vehicle coverage, and continue to increase its market share. The upgraded version of VisDrive will also focus on launching a cabin-parking integrated solution based on smart SoC in the first half of 2024. The company will continue to rely on project-driven product landing and product-driven market expansion to actively expand more customers in 2024.