HANJIA DESIGN(SZ:300746) Quan Jing Wang·2025-04-25 08:18Company Performance - In Q1 2025, the company achieved operating revenue of 292 million yuan, a year-on-year increase of 49.96%, and a net profit attributable to shareholders of 10 million yuan, soaring by 294.18%, indicating the success of its "internal reform + external acquisition" strategy initiated in 2024 [1] - The company has been under pressure in its traditional architectural design business due to the downturn in the real estate industry and intensified competition in the design market [1] Strategic Adjustments - In 2024, the company adjusted its direction by implementing internal reforms to reduce costs and increase efficiency while acquiring a 51% stake in smart city service provider Futai Technology, successfully opening a second growth curve [1][2] - The company focuses on various design services, including architectural design, municipal public and environmental design, energy design, landscape design, and EPC contracting [1] Industry Trends - The surveying and design industry is gradually recovering from a downturn, with overall market conditions improving due to policy support, and the market scale is expected to maintain an annual growth rate of around 8%, potentially exceeding one trillion yuan by 2030 [2] - There is a notable industry differentiation driven by policy, with traditional architectural design demand shrinking while sectors like municipal public works, environmental governance, and energy engineering are rapidly expanding [2] New Business Development - In 2024, the company signed new energy engineering projects in Zhejiang Province, including three major gas projects, and undertook the design of 23 gas storage and distribution stations [2] - The company leveraged its advantages in environmental design consulting to achieve breakthroughs in areas such as construction waste pollution prevention and solid waste treatment, completing an operating output value of 36.52 million yuan in 2024 [2] Acquisition of Futai Technology - The acquisition of a 51% stake in Futai Technology aims to inject new assets and businesses into the company, accelerating its transition towards green, digital, and intelligent upgrades [3] - Futai Technology focuses on urban governance digitization and robotics solutions, enhancing urban management efficiency through innovative technology [3][4] Future Outlook - Futai Technology has established a presence in over 30 provinces and more than 200 cities, serving over 600 government departments and 100 enterprises, indicating significant growth potential [4] - The company plans to focus on existing markets while exploring opportunities in urban renewal and new energy, enhancing resource integration and service capabilities through technological innovation and digital transformation [4][5]