Xin Lang Cai Jing·2025-04-25 10:47Core Viewpoint - The company reported Q1 2025 revenue of 0.59 billion, a year-on-year decrease of 8.28%, with a net profit attributable to shareholders of 0.03 billion, an increase of 4.87% year-on-year, and a non-recurring net profit of 0.02 billion, up 196.90% year-on-year [1][2]. Investment Highlights - The company continues to focus on low-altitude technology and industrial robotics, adhering to the strategy of "one body, two wings, and six fields," aiming for "three transformations and two volumes" [3]. - The company is advancing its overall industrial layout while providing high-quality technology products and services, including comprehensive technical solutions for fire safety [3]. - The company plans to deepen its market applications in low-altitude technology and industrial robotics while maintaining steady progress in traditional businesses such as electric power grids, new energy lithium batteries, and intelligent emergency rescue [3]. Low-altitude Economy - The company aims to leverage strategic investment in Shenzhen Kewitai to integrate resources in emergency rescue, fire safety, and forest fire monitoring [4]. - The future plan includes utilizing drones developed by Kewitai to create an integrated intelligent prevention and control system for forest fire safety, enhancing early detection and response capabilities [4]. - This initiative is expected to reduce fire losses and risks to firefighting personnel while expanding applications in various scenarios such as emergency rescue, public safety, and logistics [4]. Robotics Application - The company is developing high-mobility firefighting robots for high-risk environments, which have received industry recognition and are included in the national pilot application promotion directory [5]. - Ongoing research includes robots designed to autonomously connect firefighting hoses and extinguish fires, aimed at improving safety in hazardous operations [5]. - Collaborations with major domestic robotics companies are underway to explore humanoid and quadruped robots, optimizing existing robotic products [5]. Profit Forecast and Investment Rating - The company maintains a dual focus on robotics and low-altitude economic applications, with EPS forecasts of 0.23 for 2025, 0.47 for 2026, and 0.79 for 2027 [5]. - The investment rating remains at "Buy" [5].