Core Viewpoint - The company, Shanshui Bide, reported a significant increase in revenue and new contract signings, reflecting its strategic upgrades and focus on comprehensive services for urban and rural high-quality development [1][2][3] Financial Performance - The company achieved an operating income of 225 million yuan, representing a year-on-year growth of 24.98% [1] - The net profit attributable to shareholders was 1.9067 million yuan during the reporting period [1] - New contract value reached 657 million yuan, marking a year-on-year increase of 71.48% [1] Strategic Initiatives - The company is positioning itself as a comprehensive service provider for urban and rural high-quality development through a "Design+" full industry chain layout, strategic investment collaboration, and digital technology empowerment [1][2] - Shanshui Bide has expanded its qualifications by acquiring Beid Construction, enhancing its capabilities in municipal public engineering construction [1] - The company is actively involved in various sectors, including cultural arts, engineering construction, commercial management, agricultural services, and digital technology through investments and acquisitions [2] Technological Development - The company is focusing on a dual-driven strategy of "technology + ecology," aiming to create an open and collaborative smart design industry ecosystem [2] - The "Shanshui Zhijing" digital design software product matrix has received 10 software copyrights, including key technology modules like AI generation algorithms [2] - Collaborations with Baidu and Tsinghua University have significantly improved the company's intelligent design capabilities and efficiency [2] Future Outlook - The company anticipates an optimization of its profit structure driven by the expansion of the EPC model, comprehensive qualification upgrades, and breakthroughs in digital technology [3] - With national policies emphasizing urban renewal, green low-carbon initiatives, and digital transformation, the company is well-positioned to enhance its core competitiveness and explore sustainable growth avenues [3]

Group 1 - The company achieved significant market expansion with new contract value reaching 657 million yuan, a year-on-year increase of 71.48% [1] - The company reported operating revenue of 225.18 million yuan, reflecting a year-on-year growth of 24.98% [1] - The landscape design business generated revenue of 185.17 million yuan, while the architectural design and EPC business contributed 15.74 million yuan and 23.80 million yuan respectively, showcasing strong market expansion and business synergy [1] Group 2 - The company acquired Bid Construction to enhance its municipal public engineering construction qualifications, completing the full-service qualification system and covering the entire "investment, construction, management, and operation" chain [2] - The completion of the EPC project in Yingtan, Jiangxi, demonstrates the company's three-dimensional advantages in innovative design, quality resource assurance, and strong system support [2] - The company is expanding its market share in urban-rural integration through joint projects with subsidiaries, such as the design and construction of the Meizhou City project [2] Group 3 - The company launched a stock option incentive plan in June 2025, granting a total of 2.705 million stock options, which accounts for 2.99% of the total share capital [3] - The stock option plan aims to bind core talent to the company's long-term development by allowing them to share in the company's growth [3] - This incentive strategy is crucial for driving innovation and providing sustained momentum in strategic areas such as urban renewal and digital transformation [3]

Financial Performance - The company achieved operating revenue of 459.26 million yuan in 2024, a year-on-year increase of 37.84% [2] - Net profit attributable to shareholders was 28.62 million yuan, up 126.42% year-on-year [3] - Net profit excluding non-recurring gains and losses was 12.09 million yuan, a 109.09% increase year-on-year [3] Business Structure and Strategy - The company has gradually reduced the proportion of community landscape design business from 82.23% in 2021 to 71.97% in 2024, while introducing architectural design and engineering contracting services [2][4] - The company aims to enhance its market share by expanding into lower-tier cities and implementing differentiated competition strategies [2] Cost Management and Efficiency - Revenue growth of 37.84% was achieved with a cost increase of only 7.7%, resulting in a gross margin improvement of nearly 14 percentage points [3] - The company reduced credit impairment losses by 34.3%, amounting to 49.83 million yuan, through stricter accounts receivable management [3] Future Business Development - The company plans to increase the revenue share of municipal and cultural tourism businesses, which are currently underdeveloped [4] - The EPC (Engineering, Procurement, and Construction) business generated 18.86 million yuan, accounting for 4.11% of total revenue [5] Digital Transformation and Technology - The company has developed a digital design software matrix, including "Shanshui Zhijing 3.0," which integrates AI tools to enhance design efficiency [5][6] - The company holds 74 software copyrights but has yet to generate significant revenue from digital technology [6] ESG and Sustainability Initiatives - The company has implemented technologies in low-carbon communities that enhance carbon sequestration by 20%-30% [6] - An ESG working group has been established to integrate ESG principles into strategic planning and daily operations [6]