For more, let's turn to portfolio manager of the Needm Small Cap Growth Funds, Chris Wetszler. It's like so many things, Chris, and welcome. It's good to see you.Um, you would think lower rates are are tailor made for a move in the Russell, but then you got, you know, tariff concerns. A lot of times you you worry about the smaller company's ability uh to deal with with uh the tariffs more than maybe some of the big caps. So, you know, what is a more powerful force.Is it a good time. So, we think that small ...

Core Viewpoint - The company's performance is overall stable, with Q1 2025 revenue of 266 million yuan, a year-on-year increase of 5.85%, and a net profit attributable to shareholders of 28 million yuan, a year-on-year increase of 141.62%, primarily due to the disposal of subsidiaries [2] - The original controlling shareholder has terminated the concerted action relationship, resulting in a change of actual controllers to Zhang Shihua and Zhang Lin, while the shareholding proportions remain unchanged [2] Business Development - The company has made significant progress in its AI ecosystem and digital transformation, successfully deploying the DeepSeek large model localization system and building a specialized knowledge base matrix, which supports a multi-model integrated intelligent customer service knowledge platform [3] - The platform has adopted a multi-model collaborative architecture, integrating mainstream large models such as DeepSeek, Tongyi Qianwen, and Baidu Wenxin, enhancing AI applications in smart operations, decision-making, services, and hardware across various sectors [3] Financial Projections - Revenue projections for 2025 to 2027 are 1.709 billion, 1.979 billion, and 2.329 billion yuan, representing year-on-year growth rates of 13.9%, 15.8%, and 17.7% respectively, with net profits of 62 million, 73 million, and 88 million yuan, reflecting year-on-year growth rates of 18.3%, 17.7%, and 20.5% respectively [4] - The estimated price-to-earnings ratio for 2026 is 31.37 times based on the closing price on April 29, 2025 [4] Investment Outlook - The company is expected to maintain steady growth and continue its digital transformation, leading to a sustained "buy" rating [5]