而低轨星座计划的蓬勃发展，北斗技术的逐步突破，自主高精度定位及时空数据产业具备较为完善的基 础设施，或将进入商业化发展阶段。"星网+北斗"将构成时空数据要素基准技术支撑体系。 公司方面，其表示包括： 据环球时报报道，伊朗正制定一项定位服务迁移计划，逐步将交通导航、农业监测、物联网等关键领域 的定位系统从GPS迁移至中国北斗导航系统。"北斗系统不仅架构先进、定位精度高，尤其在亚洲地区 具备显著的覆盖优势，而且其控制权由中国自主掌握，而非受控于美国。"伊朗高官说道。 《2025中国卫星导航与位置服务产业发展白皮书》显示，北斗作为联合国认可的全球卫星导航系统核心 供应商，签署了中俄、中巴、中阿、中沙、中白等合作文件，全面进入民航、海事、移动通信等11个国 际组织的标准体系，持续扩大北斗国际"朋友圈"，产品出口140余个国家和地区，在尼日利亚、突尼斯 等30多个非洲国家建设北斗CORS站，为当地国土测绘、水利、交通、农业、林业、采矿、车辆管理、 气象监测等多个领域提供高精度位置服务。 方正证券分析称，随着北斗建设"三步走"持续推进，北斗规模应用已进入市场化、产业化、国际化发展 关键阶段。"通、导、遥"三位一体，新一代 ...

Summary of SuperMap Software Conference Call Company Overview - **Company**: SuperMap Software - **Date**: July 24, 2025 Key Points Industry and Market Dynamics - The natural resources and surveying planning business lines have recovered from last year's transformation impact and achieved year-on-year growth, indicating a significant recovery in competitiveness for the company [2][3] - Investment in the water conservancy industry is expected to reach 1.35 trillion yuan in 2024, a 13% increase year-on-year, and is projected to reach 1.5 trillion yuan in 2025, with a growth rate exceeding 10% [2][6] - The proportion of investment in water conservancy information technology is expected to increase, presenting growth opportunities for SuperMap Software [2][6] Business Performance - In the first half of 2025, SuperMap Software achieved record-high performance, turning losses into profits with an expected profit between 8 million and 12 million yuan [3] - The second growth curve business, including water conservancy and military sectors, saw contract signing volumes continue to double in the first half of 2025, indicating accelerated development of emerging businesses [2][4] Technological Advancements - SuperMap Software has a leading advantage in digital twin technology within the water conservancy information sector, supported by its 3DGIS technology and capability to build digital basemaps [2][7] - The company has actively laid out AI technology, establishing the SuperMap AIF technology base and launching the AI.is Agent geospatial intelligent agent, with over a hundred functions developed in remote sensing image processing and other areas [2][12] Strategic Initiatives - The company has upgraded its overseas business strategy, shifting from platform software output to a comprehensive solution approach, with successful orders obtained in Malaysia [4][18] - The organization underwent a transformation that is nearing completion, enhancing efficiency and market competitiveness by integrating sales and R&D [19][20] Future Outlook - The digital twin technology is expected to play a crucial role in various water conservancy projects, with significant investment opportunities arising from national demands for smart management [8][9] - AI technology is anticipated to double in orders by 2025, with the company already achieving the total order volume of 2024 in the first half of 2025 [12][23] Financial Projections - The water conservancy industry orders saw a 100% increase in 2024, with expectations to maintain this growth trend into 2025, particularly in the second half of the year [16][17] - The company aims to maintain a workforce of 2,000 to 2,800 employees while focusing on AI technology development across all product lines [25] Additional Insights - The company has established a unique intelligent laboratory in collaboration with other tech firms to research AI standards and models for the water conservancy sector [10] - The low-altitude economy is identified as a key growth area, with several products already launched and multiple projects underway [21][22] This summary encapsulates the essential insights from the conference call, highlighting the company's strategic direction, market performance, and technological advancements.

Core Viewpoint - The article highlights the active participation of multiple listed companies in the Yarlung Tsangpo River downstream hydropower project, indicating a significant investment opportunity in the sector with a total investment of approximately 1.2 trillion yuan [1][3]. Company Participation - Several companies, including China Power Construction, Hainan Huatie, SuperMap Software, and XCMG, have confirmed their involvement in various aspects of the Yarlung Tsangpo hydropower project, such as living area construction and substations [3][4]. - Hainan Huatie has established the largest service outlet in Lhasa to support power facilities and infrastructure projects [3]. - SuperMap Software has been engaged in digital twin projects in the water conservancy sector for over a decade, indicating its capability in the design and operation phases of hydropower projects [3]. - XCMG has developed over 20 types of electric and intelligent equipment tailored for the project, showcasing its commitment to green construction solutions [4]. Industry Trends - The hydropower project is expected to stimulate the engineering machinery industry, with companies like SANY Heavy Industry expressing optimism about the positive impact on their business [6]. - Other companies, such as Guotai Group and Aerospace Hongtu, are preparing to enter the market, indicating a broader interest in the hydropower sector [6]. - The article suggests that the engineering machinery industry may be on the path to recovery, with improved operating rates and increased domestic demand anticipated [7][12].

Group 1: Market Overview - Investors are awaiting earnings reports from major tech companies like Google and Tesla, while digesting tariff-related news, leading to a decline in semiconductor and AI sectors, which ended the Nasdaq's seven-day rally [1] - The S&P 500 index rose by 0.06%, and the Dow Jones increased by 0.40%, while the Nasdaq fell by 0.39% [2] - Nvidia dropped over 2.5%, while Google A shares rose by 0.65%, marking the longest consecutive rise since the end of 2010 [2] Group 2: Commodity and Currency Movements - U.S. Treasury yields fell across the board, with the 10-year yield dropping nearly 3 basis points [3] - The U.S. dollar experienced a three-day decline, decreasing by nearly 0.5% [3] - Gold prices surged over 1%, reaching $3,400, marking a one-month high [4] Group 3: Sector Developments - The global first Tesla restaurant opened, featuring "Cybertruck" and humanoid robots for food delivery, with some customers waiting 13 hours [6] - The UK approved a £38 billion project for the Sizewell C nuclear power station [7] - OpenAI announced a partnership with Oracle to expand a 4.5 GW data center, accelerating AI infrastructure [8] Group 4: Investment Trends - The State-owned Assets Supervision and Administration Commission emphasized the role of state-owned enterprises in supporting high-quality development in Tibet, focusing on infrastructure investment [11] - A report indicated that the lithium carbonate futures rose over 2.7%, with a 13% increase over the past seven trading days, driven by regulatory actions in lithium resource production [15] - The Hainan Free Trade Port is expected to release positive policy signals regarding its construction and operation, which could significantly boost the regional economy [16] Group 5: Aging Population and Healthcare - The National Health Commission released a plan to promote integrated medical and elderly care services, responding to the growing demand for elderly health services [17] - The elderly population in China is projected to exceed 300 million by 2025, with the market size for elderly care expected to grow to ¥16.1 trillion, reflecting a growth rate of over 15% [17]

Performance Forecast - The company expects net profit attributable to shareholders for Q2 to be between 51.54 million and 55.54 million, showing a significant increase of 77.46% to 91.24% year-on-year [1] - The projected operating revenue for Q2 is between 345.98 million and 385.98 million, reflecting a year-on-year growth of 2.15% to 13.96% [1] Financial Communication - The performance forecast data is based on preliminary calculations by the company's finance department and has not been audited by registered accountants [1] Reasons for Performance Changes - The increase in net profit is attributed to a recovery in business competitiveness following a period of organizational restructuring, leading to improved operational efficiency and revenue growth [1] - For the first half of the year, operating revenue showed a slight decline year-on-year, while net profit attributable to shareholders experienced a significant decrease due to reduced capitalization amounts and increased amortization of intangible assets, resulting in higher R&D expenses [1] Non-Recurring Gains and Losses - The expected amount of non-recurring gains and losses for the first half of the year is approximately 8.5 million, compared to 12.93 million in the same period last year [2]

Summary of Conference Call for SuperMap Software Industry Overview - The water conservancy industry has seen an increase in investment, but not exponential growth. In 2024, the cement engineering national bond project was approved for approximately 500 billion, and in the first half of 2025, around 200 billion was approved, with an overall growth rate of about 10% to 20% [2][8] - The national water network construction plan proposes an investment of 5 trillion during the 14th and 15th Five-Year Plans [2][8] Company Insights - SuperMap Software is responsible for the information technology portion of the Yaxia Hydropower Station project, which has a total investment of 1.2 trillion, accounting for about 5% of the total investment. This includes smart hardware and software for various business scenarios such as dam safety, flood control, and water resource scheduling [2][7] - The company has made significant progress in the water conservancy business, particularly in large hydropower station construction, with the Yaxia project expected to break even in about ten years [4][6] - SuperMap's internal estimates indicate a market space of approximately 10 billion to 12 billion for 2025, focusing on digital twin and information technology construction [5][17] Technological Developments - SuperMap, in collaboration with North China University of Water Resources and Electric Power and iFlytek, has applied for the Ministry of Water Resources' "Water Intelligent Body Innovation Center," focusing on visual intelligence and spatial intelligence [2][9] - The company emphasizes the importance of digital twins and artificial intelligence, noting that government demand for these applications is increasing, although they require policy support and a standard system for large-scale development [9][11] Financial Projections - The information technology investment in water conservancy projects typically accounts for about 5% of the total budget, with smaller projects ranging from 5% to 8% and larger projects like Yaxia potentially at 3% to 4% [3][13] - In 2025, Sichuan Province plans to invest approximately 80 billion in water conservancy, with about 5 billion allocated specifically for digital twin and information technology projects [5][14] Competitive Advantages - SuperMap's competitive advantages include compliance with information innovation requirements, extensive experience in data governance, and leading capabilities in intelligent body research, particularly in spatial and visual intelligence [15][16] - The company has been a key player in the water conservancy sector for nearly 20 years, accumulating rich experience in data management and software solutions [16] Market Expansion Plans - SuperMap plans to align with the information technology needs of large projects and focus on significant national investments, such as the 3-5 trillion in mobile investments in 2024 and the 500-600 billion in the first half of 2025 [10] - The company aims to leverage early business engagement to secure larger opportunities in the market [10] Future Outlook - The company anticipates a significant increase in AI orders in the natural resources sector, driven by policy and local government demand, with expectations of one to two times growth this year [19][20] - SuperMap has been actively researching AI since 2019 and has launched several AI products, indicating a strong commitment to this area as a future growth driver [19][20] Conclusion - SuperMap Software is strategically positioned in the water conservancy industry, with a focus on digital transformation and AI, backed by significant government investments and a robust competitive edge in technology and data management. The company is poised for growth in the coming years, particularly in the context of increasing demand for intelligent solutions in water management and other sectors.

超图软件（300036）公告，2025年1月1日至2025年6月30日，公司预计归属于上市公司股东的净利润为 800—1200万元，同比下降64.60%—76.40%。营业收入预计为58000—6.2亿元，同比下降2.66%— 8.94%。公司第二季度营业收入预计同比增长2.15%—13.96%，归属于上市公司股东的净利润预计同比 增长77.46%—91.24%。主要原因为组织变革的阵痛期之后，公司业务竞争力明显回升，收入实现增 长，同时提升了内部运营效率，进而实现了归属于上市公司股东的净利润的大幅增长。预计半年度非经 常性损益金额为850万元左右，去年同期为1292.74万元。 ...

Current Period Performance Forecast This section forecasts the company's financial performance for Q2 and H1 2025, detailing expected net profit and operating revenue changes [Performance Forecast Period](index=1&type=section&id=(I)%20Performance%20Forecast%20Period) This performance forecast covers the semi-annual financial performance from January 1, 2025, to June 30, 2025 - The performance forecast period is from January 1, 2025, to June 30, 2025[3](index=3&type=chunk) [Performance Forecast Overview](index=1&type=section&id=(II)%20Performance%20Forecast%20Overview) The company anticipates year-over-year growth in Q2 2025 net profit and operating revenue, but a significant decline in semi-annual net profit and a slight decrease in operating revenue Key Financial Indicators for H1 2025 Performance Forecast (Unit: CNY 10,000) | Project | Q2 2025 (Estimated) | Q2 2024 | Q2 YoY Change | H1 2025 (Estimated) | H1 2024 | H1 YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | 5,154—5,554 | 2,904.26 | 77.46%—91.24% | 800—1,200 | 3,390.29 | -76.40%— -64.60% | | Operating Revenue | 34,598—38,598 | 33,868.59 | 2.15%—13.96% | 58,000—62,000 | 63,691.63 | -8.94%— -2.66% | Communication with Accounting Firm The performance forecast data is a preliminary internal calculation, not yet audited by a certified public accountant - The data in this performance forecast is a preliminary calculation by the company's finance department and has not been audited by a certified public accountant[5](index=5&type=chunk) Explanation of Performance Changes Q2 performance improved due to operational efficiency, while the semi-annual decline is primarily due to increased R&D expenses from reduced capitalization and higher intangible asset amortization - Q2 operating revenue and net profit are expected to increase year-over-year, primarily due to improved business competitiveness and internal operational efficiency following organizational changes[6](index=6&type=chunk) - Semi-annual operating revenue is expected to decline slightly, and net profit is projected to decrease significantly, mainly due to reduced capitalization and increased intangible asset amortization leading to a substantial rise in R&D expenses[6](index=6&type=chunk) Comparison of Non-Recurring Gains and Losses (Unit: CNY 10,000) | Project | H1 2025 (Estimated) | H1 2024 (Same Period) | | :--- | :--- | :--- | | Amount of Non-Recurring Gains and Losses | 850 | 1,292.74 | Other Related Information This preliminary forecast will be detailed in the 2025 semi-annual report, urging investors to exercise caution regarding investment risks - This performance forecast is a preliminary calculation by the company's finance department, and detailed financial data will be disclosed in the 2025 semi-annual report[7](index=7&type=chunk) - The company urges investors to make cautious decisions and be aware of investment risks[7](index=7&type=chunk)

Group 1: Company Overview and Business Focus - ChaoTu Software has been dedicated to the water conservancy industry for over a decade, serving various governmental departments and institutions [2] - The company has shifted its focus towards water conservancy projects, emphasizing its involvement in water resource management and infrastructure development [2][3] - In 2024, the company plans to enhance its investment in AI applications within the water conservancy sector, indicating a strategic pivot towards digital transformation [4][5] Group 2: Project Achievements and Innovations - ChaoTu Software participated in the "Digital Management Platform for the Full Lifecycle of Hydropower Projects," showcasing its technological innovation in integrating BIM and GIS [1][2] - The company has developed a range of digital products, including a water conservancy digital twin platform and various management systems, to support intelligent decision-making in water resource management [3][4] - In 2023, water conservancy contracts increased by over 100% compared to the previous year, reflecting a growing market opportunity [5][6] Group 3: AI and Digital Twin Development - The company has established a strategic partnership with North China University of Water Resources and Electric Power and iFlytek to advance AI applications in the water conservancy sector [4] - ChaoTu Software's AI projects are expected to double in revenue this year, indicating strong market demand for AI-driven solutions [9] - The introduction of digital twin systems for new water conservancy projects is mandated from 2025, with full coverage expected by 2028 [13] Group 4: Competitive Advantages - ChaoTu Software's expertise in data governance and its experience in handling complex projects provide a competitive edge in the water conservancy sector [15] - The company is positioned as a leader in the integration of AI and GIS technologies, enhancing its service capabilities across various applications [10][15] - The focus on digital twin technology and intelligent systems is expected to significantly improve operational efficiency and decision-making accuracy in water management [14][15] Group 5: Market Outlook and Risks - The company anticipates a favorable outlook for water conservancy projects in the second half of the year, driven by the cyclical nature of central budget funding [6] - ChaoTu Software emphasizes the importance of risk awareness among investors regarding industry trends and company forecasts [16]

证券代码：300036 证券简称：超图软件 公告编号：2025-022 北京超图软件股份有限公司 关于持股 5%以上股东减持至 5%以下 暨权益变动的提示性公告 公司股东北京隆慧投资有限公司保证向本公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 本次权益变动性质为股份减少，不触及要约收购。 本次权益变动不会导致公司控制权发生变化，不会对公司治理结构及持续 经营产生影响。 本次权益变动后，公司股东北京隆慧投资有限公司合计持有公司股份 2,414.03万股，占公司总股本的4.999990%，不再是公司持股5%以上的股东。 北京超图软件股份有限公司（以下简称"公司"）于近日收到公司股东北京 隆慧投资有限公司（以下简称"隆慧投资"）出具的《关于股东减持至5%以下的 告知函》和《简式权益变动报告书》，隆慧投资于2025年7月10日通过集中竞价累 计减持公司股份124.66万股，持有公司股份由5.2581%变至4.999990%。因本次权 益变动其持股比例至5%以下，现将具体情况公告如下： | 变动方向 上升□ 下 ...