Core Viewpoint - The company, SuperMap Software, is experiencing a significant decline in stock price and financial performance, leading to major shareholders and executives opting to reduce their holdings despite a generally favorable market environment [1][2][5]. Group 1: Stock Performance and Shareholder Actions - SuperMap Software's stock price has been in a downward trend, with a current price of 14.76 yuan per share, reflecting a year-to-date decline of 13.07% [2][3]. - The controlling shareholder and executives plan to reduce their holdings by a total of 2.0147% of the company's shares, with the controlling shareholder, Zhong Ershun, potentially reducing his stake below 10% [3][4]. - The company's shareholding structure has become increasingly dispersed, with the top ten shareholders holding only 25.33% of shares compared to 60.16% at the time of IPO [4]. Group 2: Financial Performance - SuperMap Software reported a total revenue of 1.498 billion yuan in 2024, a decrease of 24.30% year-on-year, and a net profit attributable to shareholders of -171 million yuan, down 212.70% [5]. - The company has faced significant losses, with a non-recurring net profit of -262 million yuan, representing a decline of 335.59% [5][6]. - In the first quarter of 2025, the company reported a revenue of 234 million yuan, down 21.5% year-on-year, and a net loss of 43.54 million yuan, a staggering decline of 995.8% [8].

Group 1: Business Strategy and Market Response - The company has diversified its business into To B (education and leisure) and To C (fitness) segments, mitigating tariff impacts through a production base in Vietnam, which generated revenue of 334 million CNY in 2024 [2][3] - The company plans to actively explore non-US markets and restructure its global supply chain and marketing systems in response to trade tensions [3] - The company has established a product research institute to develop proprietary products, with the AI module 1.0 successfully developed and 2.0 in progress [3] Group 2: Financial Performance - The company reported a 40% revenue growth in Q1 2025, driven primarily by the education and fitness segments, with the subsidiary Ruitfei's revenue increasing nearly 100% [3] - The gross margin of the education and leisure segment has improved, contributing to the overall revenue growth [3] Group 3: Product Development and Market Position - The fitness segment has established brand recognition in the home fitness equipment market, with several products ranking first in their category on Amazon [3] - The company has opened its first offline experience store in the US in April 2025, enhancing brand competitiveness and pricing power [3][4] Group 4: Future Plans and Capacity Expansion - The Vietnam production base is not yet at full capacity, and the company plans to build a new facility in northern Vietnam to further increase production capacity [3] - The company aims to gradually implement price increases in the fitness segment, starting with small batches [3]