Core Viewpoint - Haoyun Technology Co., Ltd. reported a significant increase in revenue but faced a substantial decline in net profit during the first half of 2025, indicating challenges in maintaining profitability despite growth in sales [6][12]. Financial Performance - The company's operating revenue reached approximately 274 million yuan, marking a 76.41% increase compared to the same period last year [6][25]. - The net profit attributable to shareholders was approximately -15.52 million yuan, a decrease of 349.61% year-on-year [6][12]. - The net cash flow from operating activities was -78.40 million yuan, a decline of 303.19% compared to the previous year [6][13]. - Total assets increased by 5.46% from the end of the previous year, amounting to approximately 1.50 billion yuan [6]. Business Overview - The company operates as a provider of low-code smart IoT data platforms, enterprise-wide digital empowerment engines, and big data operation services [7][10]. - The low-code platform allows for rapid application development with minimal coding, significantly reducing development costs and time [8][9]. - The integration of AI technologies into the low-code platform enhances its capabilities, enabling automatic code generation and real-time knowledge assistance [19][21]. Market Position and Strategy - The company is focusing on expanding its market presence in various sectors, including finance, education, and public safety, leveraging its technological advancements [10][11]. - The digital economy's growth is driving demand for digital transformation services among small and medium-sized enterprises, presenting opportunities for the company [14][15]. - The combination of AI and low-code development is recognized as a key driver for digital transformation across industries, enhancing efficiency and reducing barriers to entry [15][16]. Risks and Challenges - The company faces risks related to product and technology development, talent shortages, intensified market competition, and management challenges as it expands its operations [1][2][3]. - The increasing competition in the market may pressure profit margins and market share, necessitating continuous innovation and cost management [2][3]. Future Outlook - The company aims to capitalize on the growing demand for digital transformation and AI integration, positioning itself as a leader in the low-code and IoT sectors [14][15]. - Ongoing investments in research and development are expected to enhance the company's technological capabilities and product offerings [21][22].

Financial Performance - In 2024, the company achieved operating revenue of 344 million CNY, a year-on-year decrease of 5.64% [3] - The net profit attributable to shareholders was -35.12 million CNY, a reduction in losses by 40.16% year-on-year [3] - The decline in revenue was primarily due to reduced customer demand and intensified market competition [3] - As of December 31, 2024, the asset-liability ratio was 9.20%, with cash and cash equivalents totaling 577 million CNY [3] Future Growth Drivers - The company will continue to implement the "Digital Empowerment" strategy, focusing on a technology architecture that includes low-code platforms, AI, and comprehensive digital technologies [4] - Plans to enhance the IoT business and optimize solutions for the finance, energy, and education sectors [5] - The company aims to establish an ecosystem of partnerships to facilitate digital transformation for clients [4][5] Industry Outlook - The digital economy is accelerating, with a significant demand for digital empowerment services among small and medium-sized enterprises (SMEs) [6] - As of the end of 2022, there were over 52 million SMEs in China, indicating a robust market for digital transformation services [6] - The combination of AI and low-code development is expected to drive digital transformation across various industries [6][7] - The IoT sector is recognized as a crucial infrastructure for the digital economy, presenting new opportunities for the company's targeted industries [7]