Company Performance - In 2024, the company achieved a revenue of 481 million yuan and a net profit attributable to shareholders of 120 million yuan; in Q1 2025, the revenue was 46.92 million yuan, showing a year-on-year adjustment [1] - The company reported a significant increase in new orders compared to the same period last year, although revenue recognition was impacted by extended contract approval cycles due to short-term adjustments in downstream industries [1] Strategic Initiatives - The company is leveraging digital transformation and cost-efficiency initiatives while focusing on new opportunities in emerging fields, particularly in the low-altitude economy [1] - The establishment of subsidiaries such as Kai Ji Intelligent and Kai Ce Intelligent aims to promote the application of RF microwave technology in satellite internet and low-altitude economy sectors [2] Industry Trends - The low-altitude economy industry in Shenzhen has surpassed 100 billion yuan, with over 700,000 drone flights annually, positioning it as a national leader [3] - The Shenzhen government plans to build over 1,000 low-altitude takeoff and landing platforms and routes by the end of 2025, aiming for international leadership in low-altitude flight services [3] Market Potential - The low-altitude economy is recognized as a new growth engine, with the civil drone industry nearing 120 billion yuan and the eVTOL industry approaching 1 billion yuan in 2023 [4] - The military industry is entering a new growth cycle, presenting opportunities for companies with new growth curves and traditional leaders in emerging fields [4]