Group 1: Financial Performance - The company reported a loss in Q1 2025 due to decreased revenue from military products and a significant payment received last year from a lawsuit settlement [2] - The smart terminal business showed overall growth in Q1 2025, expanding into new markets such as Fujian, Chongqing, and Guangxi [2][3] - The renewable energy business also experienced growth in Q1 2025, with a focus on cost control and enhancing smart manufacturing capabilities [7] Group 2: Business Strategy and Development - The company aims to leverage its partnership with GeSi Aerospace to explore opportunities in satellite user terminal and ground equipment businesses [4] - Plans for 2025 include focusing on intelligent and unmanned military equipment, enhancing technology in military support equipment, and achieving a 100% localization rate [5] - Future development will center around the strategic goal of building a "Technology Galaxy," emphasizing artificial intelligence, electronic information, and smart equipment [7] Group 3: Operational Challenges and Future Outlook - The investigation into Tongzhi Electromechanical is ongoing, with the company committed to improving its existing business management and planning future directions [6] - The company remains open to mergers, acquisitions, and refinancing opportunities based on specific project conditions [7] - The management team is focused on sustainable development through collaboration with specialized companies in artificial intelligence, satellite communication, and unmanned equipment [7]