**"Soaring to New Heights: XTI Aerospace's Remarkable Turnaround in 2024 Revenue Performance

Performance Review

XTI Aerospace's total operating revenue in 2024 was RMB103.3 million, a significant change from the negative total operating revenue of RMB99.6 million in 2023, marking a turning point for the company's operating revenue. This change indicates that the company has found new growth points in the market, possibly related to the improvement of market environment, adjustment of sales strategy, optimization of product line, and successful cost control.

Key Data in the Financial Report

1. XTI Aerospace's total operating revenue changed from negative RMB99.6 million in 2023 to positive RMB103.3 million in 2024, showing a clear sign of the company's revenue recovery.

2. The sales cost in 2024 was RMB46.8 million, with a gross profit of RMB56.5 million, indicating a certain success in cost control.

3. In 2024, XTI Aerospace strengthened its market competitiveness through the merger with Inpixon and began trading on the Nasdaq, driving revenue growth.

4. The company's TriFan 600 project became its core product, attracting certain market demand and contributing to the improvement of operating revenue.

Peer Comparison

1. Industry-wide analysis: The aerospace industry has gradually recovered from market fluctuations. Overall, companies in the industry generally achieved improved sales revenue in 2024, reflecting the warming market environment and positive impact of technological advancement.

2. Peer evaluation analysis: Compared with other companies in the industry, XTI Aerospace's operating revenue in 2024 performed well, especially after successfully turning negative revenue into positive, demonstrating the company's recovery ability and future development potential.

Summary

This analysis shows that XTI Aerospace's significant growth in operating revenue in 2024 is mainly attributed to the improvement of market environment, the company's strategic adjustment, and product innovation. The enhanced competitiveness after the merger and the market demand for the core product TriFan 600 are also important factors driving revenue recovery.

Opportunities

1. With the recovery of the aerospace industry, XTI Aerospace can continue to expand its market share.

2. The market demand for TriFan 600 is expected to further increase, attracting more customers and orders.

3. Enhanced policy support may bring more opportunities for the aerospace industry, which XTI Aerospace can leverage for strategic positioning.

4. By integrating technology and resources, the diversity and competitiveness of the product line can be enhanced, further driving revenue growth.

Risks

1. Intense competition in the aerospace industry may put pressure on the company's market share and profitability.

2. Economic fluctuations and policy changes may affect the overall development prospects of the industry.

3. Over-reliance on a certain product line (such as TriFan 600) may lead to a concentrated risk of income.

4. The pressure of cost control may affect the profit margin in the future.