Group 1 - The company, Measurement Co., is currently involved in the design, construction, and operational surveying and technical consulting for certain sections of the Ning'an Railway [1]

Core Viewpoint - The company reported a slight increase in revenue but a significant decline in net profit for the first half of 2025 compared to the same period in the previous year [1]. Financial Performance - Revenue for the reporting period was CNY 223,681,196.54, representing a 4.11% increase from CNY 214,858,986.05 in the same period last year [1]. - Net profit attributable to shareholders decreased by 23.01%, amounting to CNY 7,000,547.18 compared to CNY 9,093,331.93 in the previous year [1]. - The net profit after deducting non-recurring gains and losses was not specified but indicates a decline in operational efficiency [1]. - The net cash flow from operating activities was negative at CNY -100,219,290.04, a 132.45% decrease from CNY -43,114,363.92 in the previous year [1]. - Basic and diluted earnings per share both decreased by 33.33% to CNY 0.04 from CNY 0.06 [1]. - The weighted average return on equity fell to 0.52% from 0.71%, indicating reduced profitability [1]. Asset and Equity Position - Total assets at the end of the reporting period were CNY 2,583,317,733.86, a 2.64% increase from CNY 2,516,847,283.20 at the end of the previous year [1]. - Net assets attributable to shareholders increased slightly by 0.20% to CNY 1,371,297,796.81 from CNY 1,368,537,749.32 [1].

Group 1 - The board meeting was held on July 31, 2025, with all members ensuring the accuracy and completeness of the disclosed information [1] - The board approved the 2025 semi-annual report, confirming it reflects the company's actual situation without any misleading statements [2][3] - The board also approved a special report on the use of raised funds, confirming compliance with regulations and no violations in fund management [2][3] Group 2 - The board agreed to use up to RMB 100 million of idle funds for cash management, with a usage period not exceeding 12 months [3] - The board approved an extension for the completion date of two projects to December 31, 2027, without changing the project scope or funding usage [4] - The company decided to transfer 100% equity of Guangzhou Yutu Technology Co., Ltd. to its subsidiary for RMB 1.96 million, which will not affect the financial status or results [5]

Meeting Overview - The 10th meeting of the Supervisory Board was held with notifications sent via phone and email on July 31, 2025 [1] - The meeting was conducted in accordance with relevant laws and the company's articles of association [1] Supervisory Board Resolutions - The Supervisory Board approved the 2025 semi-annual report, confirming that the report accurately reflects the company's actual situation without any false records or misleading statements [2] - The report on the use of raised funds for the first half of 2025 was deemed to accurately reflect the management and usage of the funds, complying with regulations [2] - The company was authorized to use up to RMB 100 million of idle self-owned funds for cash management, with a usage period not exceeding 12 months [2][3] Project Updates - The Supervisory Board approved the extension of the project deadlines for two fundraising projects to December 31, 2027, without changing the project implementation subjects or funding purposes [3] - The company agreed to transfer 100% equity of Guangzhou Yutu Technology Co., Ltd. to its subsidiary Jiangsu Yutu Smart Technology Co., Ltd. for RMB 1.96 million, which will not affect the consolidated financial statements [4]

Meeting Overview - The fourth special meeting of the third board of independent directors of Nanjing Surveying and Mapping Research Institute Co., Ltd. was held on August 9, 2025, in the company meeting room, with all three independent directors present for voting [1]. Agenda Review - The independent directors unanimously approved the proposal regarding the storage and use of raised funds for the first half of 2025, confirming compliance with relevant regulations from the China Securities Regulatory Commission and Shenzhen Stock Exchange, ensuring proper storage, usage, disclosure, and management of funds without harming shareholder interests [1][2]. - The independent directors also agreed on the use of idle self-owned funds for cash management, stating that it aligns with the regulations of the Shenzhen Stock Exchange and enhances fund utilization efficiency without harming the interests of minority shareholders [2].

Core Points - The company has successfully raised a total of RMB 406,682,100.00 through the issuance of convertible bonds, with the funds being managed in a dedicated account [1][2] - As of June 30, 2025, the company has utilized RMB 38,480,600.00 of the raised funds for various projects, with a significant portion still remaining in cash management products [3][4] - The company has entered into a tripartite supervision agreement with Huatai United Securities and CITIC Bank to ensure proper management and usage of the raised funds [3] Fundraising Overview - The total amount raised through the issuance of convertible bonds is RMB 406,682,100.00, with 4,066,821 bonds issued at a face value of RMB 100.00 each [1] - The funds were verified by Rongcheng Accounting Firm, confirming the total amount raised and the deduction of issuance costs [1] Fund Usage and Management - The company has allocated RMB 13,648,643.17 for replacing pre-invested project expenditures and has redeemed RMB 330,000,000.00 in cash management products [2] - As of June 30, 2025, the total balance of the raised funds in dedicated accounts is RMB 82,003,848.52, distributed across multiple accounts at CITIC Bank [3] Project Investment Status - The company has invested a total of RMB 38,480,600.00 in various projects, with specific projects experiencing delays due to market conditions and strategic decisions [6][7] - The company has decided to temporarily postpone investments in real estate and renovations, amounting to RMB 84,200,000.00, due to economic pressures and a focus on optimizing existing resources [8] Cash Management of Idle Funds - The company has approved the use of up to RMB 300,000,000.00 of idle funds for cash management, ensuring that it does not affect ongoing projects [4][10] - As of June 30, 2025, RMB 270,000,000.00 of idle funds have been utilized for cash management, with the remaining funds stored in dedicated accounts [10]

Group 1 - The company held its 15th meeting of the 3rd Board of Directors and the 10th meeting of the 3rd Supervisory Board on August 10, 2025, to review the semi-annual report and summary for 2025 [1] - The 2025 semi-annual report and summary were disclosed on August 12, 2025, on the designated information disclosure platform of the China Securities Regulatory Commission [1] - The company emphasizes the importance of providing investors with a comprehensive understanding of its operational status, financial condition, and future development plans [1]

Core Viewpoint - The company has approved the use of idle self-owned funds for cash management to enhance fund returns while ensuring normal operations and safeguarding shareholder interests [1][4]. Cash Management Overview - The company plans to utilize up to RMB 100 million of idle self-owned funds for entrusted wealth management, with the funds being able to be used in a rolling manner within a 12-month authorization period [1][4]. - The investment will focus on low to medium-risk financial products that are safe and liquid [1][2]. Investment Decision Authority - The board has authorized the general manager to make investment decisions within the specified limits and to sign relevant documents, with the finance manager responsible for implementation [2][3]. - The company will purchase wealth management products from unrelated financial institutions, ensuring no related party transactions occur [2]. Risk Control Measures - The company will strictly evaluate investment products and select those from reputable financial institutions to mitigate risks [2][3]. - The finance department will monitor product performance and take necessary actions if adverse factors are identified [3]. Impact on the Company - The cash management initiative is expected to improve fund efficiency and returns without affecting the company's core business operations [3][4]. - The independent directors have confirmed that the decision complies with relevant regulations and does not harm minority shareholders' interests [3][4]. Supervisory Approval - The supervisory board has approved the use of idle funds for cash management, reiterating the rolling use of funds within the authorized limit and timeframe [4]. - The sponsor has verified that the necessary approval procedures have been followed, supporting the initiative to enhance fund efficiency and returns [4].

Core Viewpoint - The company has decided to postpone the expected completion dates for two fundraising projects to December 31, 2027, due to changes in market demand and project progress [5][10][11] Fundraising Overview - The company raised a net amount of RMB 398,479,171.59 from the issuance of convertible bonds, which was fully received on March 8, 2023 [1][3] - The total investment for the fundraising projects is RMB 40,668.21 million, with RMB 39,847.92 million planned to be allocated from the raised funds [3][5] Project Progress - As of June 30, 2025, the cumulative investment in the projects is RMB 3,848.06 million, representing 9.66% of the planned investment [5][9] - The two main projects are: 1. Urban Lifeline Safety Monitoring Platform Construction 2. Digital Twin Computing Center and Production Base Construction [5][6] Delay Reasons - The delay is attributed to the unimplemented purchase and renovation of properties totaling RMB 84.20 million, which accounts for 26.17% of the planned investment [5][6] - The company aims to optimize existing resources and reduce costs due to a slowdown in urban infrastructure investments [5][6] Future Plans - The company will continue to manage the raised funds strictly and will focus on equipment purchases and R&D investments [9][10] - The company plans to actively explore potential market demands related to the fundraising projects and will invest in phases according to actual progress [9][10] Approval Process - The board of directors and the supervisory board have approved the postponement of the project completion dates, confirming that the decision complies with relevant regulations and does not harm shareholder interests [10][11]

Core Viewpoint - The company plans to utilize idle self-owned funds for cash management, with a maximum amount of RMB 100 million, aiming to enhance fund efficiency and returns while ensuring operational safety [1][4]. Cash Management Overview - The company will use up to RMB 100 million of idle self-owned funds, which can be rolled over within this limit [1]. - The authorization period for this cash management initiative is 12 months from the board's approval [1]. - The company will invest in low to medium-risk financial products that have high safety and liquidity [1]. Investment Risk and Control Measures - The company acknowledges potential market volatility affecting investment returns due to macroeconomic factors [2]. - Investment decisions will be made based on economic conditions and market changes, with actual short-term returns being unpredictable [2]. - The company will select reputable financial institutions for investment products, ensuring clear terms regarding amounts, durations, and responsibilities [2]. Impact on the Company - The cash management initiative is designed to ensure daily operations and fund safety while enhancing fund efficiency and overall performance [3]. - The use of idle funds for cash management is expected to not interfere with the company's main business operations [3]. Approval Process - The initiative was approved during the third board meeting and the supervisory board meeting held on August 11, 2025 [3]. Sponsor's Opinion - The sponsor believes that the cash management initiative has followed necessary approval procedures and aligns with the interests of the company and its shareholders [4].