Group 1: Investor Relations Activity - The investor relations activity was conducted on December 16, 2016 [1] - Participants included representatives from Northeast Securities, Xinda Securities, Hongdao Investment, and Industrial Securities, totaling 6 individuals [1] - The meeting took place at the Phoenix Plaza, Beijing, in the 6th meeting room [1] Group 2: Main Content of the Meeting - Discussion on the company's high-precision map and related business operations [1] - Overview of Jiefa Technology's relevant business activities [1]

Group 1: Investor Relations Activity - The investor relations activity was conducted on January 12, 2017, at 11:00 AM in Beijing [2] - Participants included representatives from Argo Investments, Malayan Bank, and Deutsche Bank, totaling 14 individuals [2] - The meeting was hosted by the company's board secretary and securities representative [2] Group 2: Main Content of the Meeting - Discussion included the company's high-precision map business and related operations [3] - Information was provided regarding the acquisition of HERE [3]

Business Overview - The company is a leading provider of digital map content, connected vehicle services, and big data applications in China, holding the top market share in navigation electronic maps, dynamic traffic information services, and NDS compilation [1][2] - The company has commercialized ADAS maps and is the first in China to do so, with high-precision maps tested by international car manufacturers, ranking first in overall performance among competitors [2][3] Strategic Acquisitions - The company initiated a 10% acquisition of HERE to co-develop high-precision maps and applications for autonomous driving, aiming to establish a joint venture in China for global location services [2][3] - The acquisition is expected to reduce development costs and position the company as the only provider of global location services in China [3] Revenue Generation - Main revenue streams include: - Navigation electronic maps (traditional and high-precision) through a licensing model, providing stable cash flow - Dynamic traffic information and connected vehicle services through service fees, with annual revenue recognition [3][4] - NDS compilation services charged on a fee basis [3] Client Base and Market Position - The company serves various clients beyond car manufacturers, including Tencent, Sogou, Didi, JD.com, and Meituan [4] - The company ensures the stability of car manufacturer clients through superior product performance and robust customer service, evidenced by partnerships with major brands like Audi, Mercedes-Benz, and BMW [3][4] Product Development and Innovation - The company is advancing high-precision maps and has signed a cooperation agreement with Great Wall Motors for autonomous driving projects, providing core navigation services and data [5][6] - The company is developing innovative products like the WeLink vehicle interconnectivity solution, enhancing the functionality of in-car navigation systems [4] Future Collaborations - The company plans to collaborate with Intel and HERE to establish a strategic alliance for global map data and location services, aiming to dominate the fields of autonomous driving and connected vehicles [6]

Financial Performance - The company's operating revenue for 2021 was CNY 3,060,031,659.88, representing a 42.48% increase compared to CNY 2,147,655,643.19 in 2020[26]. - The net profit attributable to shareholders in 2021 was CNY 122,086,376.97, a significant turnaround from a loss of CNY 309,497,739.33 in 2020, marking a 139.45% improvement[26]. - The total revenue for the company reached CNY 3.06 billion in 2021, representing a year-on-year growth of 42.48%[72]. - The company achieved a net profit attributable to shareholders of CNY 163.86 million in Q4 2021, compared to a loss in the previous quarters[76]. - The company reported a total revenue of 19,265.388 million in 2021, reflecting a significant increase compared to the previous year[167]. - The company experienced a net loss of 52.735 million in 2021, indicating a challenging financial year[167]. Investment and R&D - The company is committed to maintaining high investment levels in high-precision mapping, positioning, and autonomous driving solutions to navigate increasing market competition[17]. - The company has made substantial investments in R&D, which are now yielding results, contributing to its revenue and profit growth[37]. - Research and development expenses rose by 12.89% year-on-year to ¥1,334,059,349.17, reflecting the company's commitment to innovation[90]. - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing user experience and product functionality[178]. - The company has increased its R&D investment to meet the high safety and experience demands of the market, launching integrated solutions for various driving and parking scenarios[55]. Market and Product Development - The company has established a new business system focusing on "Intelligent Cloud, Intelligent Driving, Intelligent Cockpit, and Intelligent Core" to support its strategic transformation into an intelligent mobility technology company[37]. - The penetration rate of L2-level and below autonomous driving functions in new passenger cars reached 30.78%, with L2-level new car insurance volume increasing by 77.65% year-on-year[42]. - The company is positioned to provide comprehensive solutions including data compliance, high-precision maps, and related intelligent driving services, gaining favor from regulatory bodies and industry clients[40]. - The overall market for intelligent driving and automotive electronics is expanding, with software becoming a core differentiator in the competitive landscape[43]. - The company is focusing on expanding its digital logistics network to enhance operational capabilities and improve efficiency in the logistics industry[92]. Supply Chain and Operational Challenges - The company faces significant risks due to the ongoing global pandemic affecting the automotive supply chain and economic recovery, which may impact operational stability[15]. - The global semiconductor supply shortage continues to pressure the company's chip product supply and procurement costs, prompting a focus on optimizing supply chain management[16]. - The company acknowledges risks from the global chip supply shortage, which has led to increased costs and pressure on chip product supply and procurement[143]. - The company will enhance its supply chain management and collaboration with upstream and downstream enterprises to mitigate the impact of chip supply constraints[143]. Talent and Intellectual Property - The company aims to enhance its talent acquisition and retention mechanisms to meet the demands of rapid development in high-precision mapping and AI fields[18]. - The company is committed to attracting and retaining talent in key technology areas, facing challenges in building a competitive talent development platform[146]. - The company is increasing efforts to protect intellectual property rights amid rising copyright infringement cases in the electronic map sector[19]. - The company will strengthen its intellectual property protection measures to safeguard its electronic map business and software products from infringement risks[147]. Corporate Governance and Compliance - The company maintained compliance with the Company Law and relevant regulations, ensuring no discrepancies in governance practices as of December 31, 2021[152]. - The company has established independent financial and auditing departments, ensuring no shared bank accounts with shareholders owning more than 5%[161]. - The company has a complete and independent business structure, demonstrating the ability to operate autonomously without reliance on major shareholders[162]. - The board of directors has actively participated in governance and operational decision-making, ensuring compliance with regulations[193]. Future Outlook and Strategic Plans - The company plans to enhance its mixed cloud and autonomous driving cloud platform capabilities, accelerating the development and commercialization of scenario-based, platform-type products[139]. - The company will continue to invest heavily in high-precision maps, high-precision positioning, and autonomous driving solutions, while facing risks related to the speed of new product development and market validation[145]. - The company plans to hold its annual shareholders' meeting on May 24, 2022, to discuss the appointment of new board members[167]. - The company is exploring potential acquisitions to enhance its service offerings, with a budget of 500 million RMB allocated for this purpose[178].