Group 1: Financial Performance - The revenue for the first quarter remained stable compared to the same period last year, with a slight decrease in gross margin [2] - The first quarter typically accounts for approximately 15% of the annual revenue, indicating a small base for revenue structure [2] - The overall gross margin is expected to remain stable throughout the year despite fluctuations in individual contracts [2] Group 2: Business Opportunities - There are significant opportunities in the scientific instrument sector due to domestic substitution policies being implemented [2] - The environmental business segment is expected to benefit from recent digital and intelligent transformation policies introduced by the Ministry of Ecology and Environment [2] Group 3: Contract Orders and Growth - The contract orders for the first quarter from Puyue Technology were around 200 million, consistent with revenue levels [2] - Traditional environmental and industrial business segments are expected to grow steadily, while laboratory instruments are projected to see faster growth [2] Group 4: Workforce and Cost Management - The company has seen a significant decrease in employee numbers due to adjustments in business structure, but this has stabilized [2] - Plans for workforce adjustments will be based on the growth potential of specific business segments, with a focus on controlling costs and improving efficiency [2] Group 5: Accounts Receivable - The absolute value of accounts receivable is decreasing, primarily concentrated in the environmental monitoring business segment [3] - The company is improving accounts receivable through quality control of contracts and enhanced collection efforts [3]