Group 1 - Zhaoqing City experienced a consumption boom during the May Day holiday, with major tourist attractions, shopping malls, and cultural creative districts seeing high visitor numbers, supported by tax incentives and optimized tax services from local tax authorities [1] - Huai Ji County's Hui Er Jia Hui Cheng Shopping Plaza reported a 10% increase in daily delivery frequency and an 8% year-on-year increase in sales, aided by nearly 200,000 yuan in tax reductions since last year, which facilitated store upgrades and supply chain optimization [3] - The newly opened "Nanshan Farm·South Medicine Research" base attracted 2,000 to 3,000 visitors daily during its trial operation, with tax authorities providing guidance on tax benefits related to research, agriculture, and tourism to prepare for the holiday [5] Group 2 - The Zijing West Pier Cultural Creative District welcomed over 94,000 visitors during the May Day holiday, with a cultural experience center offering over 1,300 creative products, supported by tailored tax guidance from the local tax service [7] - The local tax service's "Tax Youth Wind" volunteer team provided one-on-one assistance for tax declaration and policy benefits, which has been crucial for the innovative development of businesses in the cultural sector [7]

Core Insights - In 2024, the company faced significant challenges in the capital market, leading to a revenue decline of 13.77% to 413 million yuan, but maintained a robust financial structure with a core business gross margin of 42.68% and an 81.56% reduction in operating cash flow outflow [1][2] - The company successfully optimized its revenue structure, with the landscape design business's share decreasing from 83.85% in 2020 to 52.16% in 2024, while the cultural tourism business's share increased to 40.37% [2] - The company has made significant strides in AI technology, with the Urban Flow platform enhancing project efficiency and reducing planning cycles from weeks to hours [3] Revenue Structure Optimization - The company's revenue structure has become more balanced, with over 70% of revenue coming from the collaboration between urban renewal and family tourism businesses [2] - The creative design business has excelled in urban renewal, with contract amounts surpassing traditional business, and the family tourism segment has expanded to over 250 projects across more than 50 cities, achieving a 42% year-on-year revenue increase [2] - The company invested over 100 million yuan in self-branded projects, aiming for profitability this year [2] AI and IP Development - The Urban Flow 3.0 model integrates extensive project experience and resources, significantly improving operational efficiency [3] - The establishment of Yueqi Culture marks the company's entry into the international IP market, transitioning from project-based models to independent brand operations [3] - Successful integration of AI and IP has been demonstrated in projects like the Guangzhou Children's Park, where AI reduced design time by 60% and increased foot traffic by 30% in the first month of a themed pop-up store [3] Project Wins and Future Outlook - In Q1 2025, the company secured major projects, including a 300 million yuan investment in the Qizhou Yanjia Yu Island project and a 1.275 billion yuan urban renewal project, showcasing its strength in managing large-scale projects [4] - The company expressed optimism about overcoming market challenges and is positioned for growth following a period of adversity [4]