DAS(SZ:002421) Zheng Quan Ri Bao Wang·2025-08-15 10:45Core Viewpoint - Shenzhen Das Intelligent Co., Ltd. reported a decline in performance for the first half of 2025 due to fluctuations in downstream demand, but breakthroughs in the AI business sector are expected to drive future growth [1][2]. Financial Performance - The company achieved operating revenue of 990 million yuan, a year-on-year decrease of 26.8% [1]. - The net profit attributable to shareholders was -88.76 million yuan, a significant decline of 1053.51% compared to a profit of 9.31 million yuan in the same period last year [1]. - Total expenses for sales, management, research and development, and finance amounted to 314 million yuan, a decrease of 6.12% year-on-year [2]. AI Business Development - The AIoT platform generated revenue of 13.56 million yuan, representing a year-on-year growth of 24.77% [1]. - The signed contract amount for AI-related platform products reached 25.04 million yuan, a substantial increase of 214.35% year-on-year [1]. - The company launched the AIoT intelligent IoT control platform V7, integrating large language models with real-time data [2]. Cost Management and Financial Strategy - The asset-liability ratio was 62.03%, a decrease of 0.74 percentage points from the previous year [2]. - The company signed a termination agreement for a PPP project, which is expected to reduce liabilities by 1.093 billion yuan and recover cash of 213 million yuan [2]. - Operating cash flow net amount was -285 million yuan, showing an improvement of 2.22% year-on-year [2]. Future Outlook - The company plans to continue increasing investments in AI and aims to enhance technological innovation related to AI applications [2]. - The vision is to create "smart million spaces, warming billions of users" while expanding high-quality growth opportunities [2].