Core Viewpoint - Nantian Information (000948.SZ) has won a procurement project for smart blackboards in Yunnan Province at a significantly lower price than market rates, but has reportedly failed to deliver all equipment within the stipulated 60-day period as per the contract [1][4]. Group 1: Project Details - The project involves the procurement of 3,230 sets of 86-inch smart blackboards, with a total budget and maximum price of 47.06433 million yuan [2]. - Nantian Information won both segments of the project, with a total bid amount of approximately 26.223016 million yuan, translating to unit prices of 8,012 yuan and 8,338 yuan per set for the two segments [3]. Group 2: Company Response - Nantian Information has denied the allegations of failing to meet delivery deadlines, stating that the reports are "untrue" and that they are progressing with the delivery according to customer requirements [1][4][6]. - The company clarified that their bid was not the lowest among competitors and that they did not quote below product cost [1][6]. Group 3: Financial Performance - Nantian Information has experienced a continuous decline in gross margin, with the gross margin dropping to 9.44% in the first half of 2025, despite a 16.75% year-on-year increase in operating revenue [8]. - The company's gross margin has decreased from 23.11% in 2018 to nearly 13% in recent years, indicating a significant downward trend [7][8].