Core Viewpoint - Donghu Gaoxin is accelerating its strategic transformation after divesting its core construction business, focusing on emerging industries and optimizing its industrial ecosystem through new investment funds [1][4]. Group 1: Fund Establishment - Donghu Gaoxin, along with its wholly-owned subsidiary and partners, has established the Donggao Frontier Phase II Fund with a total scale of 500 million yuan, in which the company contributes 245 million yuan, accounting for 49% [2][3]. - The fund will primarily invest in high-quality enterprises in intelligent manufacturing, integrated circuits, and other technology-intensive industries, aiming to enhance the operational model of its park operations [1][2]. Group 2: Business Transition - Following the divestiture of its construction business, Donghu Gaoxin has shifted its focus to environmental technology and park operations, while also exploring high-tech and strategic emerging industries [1][4]. - The company reported a significant decline in revenue and net profit for 2024, with total revenue of 3.367 billion yuan, down 77.05% year-on-year, and a net profit of 528 million yuan, down 51.07% year-on-year [5][6]. Group 3: New Business Development - In response to the need for new growth avenues, Donghu Gaoxin established a wholly-owned subsidiary for digital technology development with an investment of 2 billion yuan, marking its entry into the digital economy sector [6]. - The company’s revenue from its three main business segments in 2024 was 2.043 billion yuan from environmental technology, 1.301 billion yuan from park operations, and 23 million yuan from digital technology, with the latter showing a gross margin exceeding 50% [6].