Core Viewpoint - The company is facing significant challenges in its traditional business due to internal and external environmental factors, while its innovative business has not yet achieved revenue scale, indicating a period of transition and difficulty [1] Group 1: Business Performance - The company acknowledges ongoing performance challenges in its traditional business and is actively addressing these issues [1] - The innovative business has not yet formed a substantial revenue contribution, highlighting the need for further development [1] Group 2: Strategic Initiatives - The company is committed to a strategic transformation focusing on new and old business dynamics, leveraging its technological service capabilities [1] - Progress has been made in new energy service innovations and overall design services at the urban district level, which are expected to enhance the performance contribution of innovative businesses [1] Group 3: Financial Management - The company is implementing measures to improve accounts receivable turnover efficiency and payment quality [1] - Efforts include optimizing financing structures and expanding financing channels to ensure financial security, laying a foundation for business expansion and operational capability enhancement [1]

Core Insights - The company is actively leveraging its technological service capabilities to embrace digitalization and enhance the empowerment of research outcomes on its business [1] Group 1: Business Developments - Since the beginning of 2025, the company has made significant progress in its new energy service innovation business, with some projects included in Shenzhen's strategic emerging industry support plan and approved for special funding [1] - The company has been approved to establish a Guangdong Provincial Engineering Research Center for green building new supply and distribution [1] - The company has won bids for technical service projects related to new energy technology application scenarios in Shenzhen's Houhai Central District, as well as for urban area chief designer or overall design service projects and scenario-based innovation platform operations [1] Group 2: Strategic Challenges - The company faces challenges in contract reserves and organizational adaptability, leading to difficulties in the transition from old to new driving forces, which is still in a painful period [1] - Despite ongoing performance challenges, the company remains committed to promoting its strategic transformation from old to new driving forces to lay a foundation for future business expansion and operational capability enhancement [1]