Huachen Ai Parking Management Technology Holding Co. Ltd. has released its annual financial results for the fiscal year ending December 31, 2024. The company reported a net income of $1.511 million, a significant decrease from the $2.016 million recorded in the previous year, representing a 25% decline. Furthermore, the company experienced a foreign currency translation loss of $393,841, which is a considerable reduction from the $1.77 million loss in 2023. Despite these challenges, the company achieved a total comprehensive income of $1.118 million, marking a 355% increase from the prior year's $245,740. In terms of cash flow, Huachen Ai Parking reported a net cash inflow of $1.506 million from operating activities in 2024, contrasting with a net outflow of $2.466 million in 2023. Meanwhile, net cash used in investing activities was minimal at $2,183, a significant improvement from the $916,453 spent the previous year. The company's main operations focus on the design, manufacture, sales, installation, and maintenance of smart cubic parking equipment in China. The corporate structure includes Huachen HK and Huachen AI Technology (Zhejiang) Co., Ltd., indicating a strategic organization aimed at enhancing their market presence and operational efficiency in the region.