**Title:** "Solidion Technology Faces Financial Strain: A Deep Dive into Declining Revenues and Future Opportunities"

Financial Performance

Solidion Technology (stock code: STI) recorded a total operating revenue of -RMB241,388,600 as of December 31, 2024, a significant year-on-year decrease of approximately 118.8% from the total operating revenue of -RMB110,930,100 as of December 31, 2023. This negative growth reflects the significant pressure on the company's revenue, which may affect its overall financial health.

Key Financial Data

1. Solidion Technology's total operating revenue as of December 31, 2024 was -RMB241,388,600, a decrease of approximately 118.8% from -RMB110,930,100 as of December 31, 2023. This negative growth indicates serious challenges in the company's revenue generation, which may lead to liquidity issues and cash flow difficulties.

2. Possible reasons include a decline in market demand, adjustments in product pricing strategies, production or supply chain issues, and unfavorable changes in the macroeconomic environment.

Industry Comparison

1. Industry-wide analysis: In the current economic environment, many technology companies face similar revenue pressures, especially during economic recessions or increased market uncertainty, when the industry as a whole may exhibit a downward trend in revenue. This trend may reflect the intensification of industry competition and changes in market demand.

2. Peer comparison analysis: Compared to other companies in the same industry, Solidion Technology's negative growth in total operating revenue is more pronounced, which may indicate a weakening of its competitiveness in the market or its products/services failing to meet market demand. Further comparison of peer financial data is needed to confirm its relative performance.

Summary

Solidion Technology's financial performance has significantly deteriorated, with a significant decline in operating revenue, reflecting both market environment and internal strategy pressures. Changes in market demand and intensified competition are the main factors. Further peer comparison analysis will help understand the company's relative position in the industry.

Opportunities

1. The active promotion of national policies may bring growth in market demand, especially in the hard-tech sector.

2. The company is developing high-power batteries and next-generation electrolytes, which, if successfully launched, may meet market demand and improve its revenue situation.

3. If the company can effectively adjust its product pricing strategy, it may attract more customers and enhance its sales revenue.

Risks

1. If market demand remains sluggish, Solidion Technology may face a greater risk of revenue decline.

2. Production or supply chain issues may prevent the company from meeting market demand, affecting its sales capacity.

3. Strong performances from competitors may further intensify the company's pressure in the market, affecting its market share and profitability.