Group 1: Market Value Management - The company emphasizes market value management and adheres to regulatory requirements, having approved a "Market Value Management System" in August 2025 [2] - Future strategies include focusing on core business, improving operational efficiency, and utilizing methods such as equity incentives, cash dividends, share buybacks, investor relations management, and ESG initiatives to enhance overall investment value [2] Group 2: Share Buyback Progress - As of July 31, 2025, the company has repurchased 3,274,600 shares, accounting for 0.48% of the total share capital, with a total transaction amount of 24,620,654.00 yuan (excluding transaction fees) [2] Group 3: Production and Product Information - The Shanxi Taiyuan single crystal base has commenced production since the end of last year [2] - Main products include 3-8 inch semiconductor-grade polishing and grinding wafers, with applications in communication, automotive electronics, and consumer electronics [2][3] Group 4: International Clientele - The company has established stable partnerships with major global power semiconductor companies such as Toshiba, Mitsubishi Electric, Renesas Electronics, and Rohm Semiconductor, with products exported to the USA, Germany, Japan, South Korea, Singapore, Thailand, and Taiwan [3] Group 5: Low-altitude Economy Developments - The company has signed orders for flight control computer products with drone manufacturers and is developing a low-altitude governance platform in collaboration with Hangzhou Lin'an City Investment Group [3] Group 6: Joint Ventures and New Projects - In August 2025, the company established a joint venture with Hangzhou Low-altitude Industry Development Co., Ltd. and Yuanfei Technology, focusing on "low-altitude flight lifecycle services" [3] Group 7: Health Sector Initiatives - The health sector encompasses three main areas: scientific anti-aging research, medical device CDMO, and synthetic biology health products, with initial revenue generated [3][4] - The company has developed various health products targeting B-end clients, including sodium hyaluronate and glycerol diester series [3] Group 8: Financial Management and Receivables - The company has a receivable of 21,529,000 yuan from Sichuan Shengma Chemical Co., Ltd., related to a compensation obligation under an agreement with Sheneng Environmental Technology Co., Ltd. [4] - The company has made provisions for bad debts based on the future recoverable amount of the receivable [4] Group 9: Revenue Recognition - The company has secured over 2.5 billion yuan in new orders for smart traffic systems from 2022 to 2024, with revenue recognition based on project construction progress [4]

Financial Performance - In the first half of 2025, the company achieved total revenue of approximately 688 million CNY, a year-on-year increase of 13.77% [2] - The net profit was -66.70 million CNY, with a year-on-year growth of 24.77% [2] - The non-recurring net profit was -74.21 million CNY, reflecting a year-on-year increase of 21.23% [2] - Despite remaining in a loss position, the company narrowed its loss compared to the same period last year while achieving revenue and net profit growth [2] Business Development - The company has made significant progress in the low-altitude economy, launching three core products: the tri-redundant flight control computer, smart take-off and landing field, and low-altitude integrated service platform [2] - Collaborations with major manufacturers in the UAV sector have led to signed orders and ongoing ground and flight testing [2] - The establishment of a joint venture with Hangzhou Low Altitude Company focuses on "full lifecycle services for low-altitude governance flights" [2] Shareholder and Stock Repurchase Information - Hangzhou Urban Investment holds 4.79% of the company's shares, making it the largest shareholder [3] - As of July 31, 2025, the company has repurchased 3,274,600 shares, accounting for 0.48% of the total share capital, with a total transaction amount of 24,620,654 CNY [3] Loss Reduction Factors - The reduction in losses is attributed to increased orders and project delivery scale in the smart transportation business, as well as steady growth in the semiconductor single crystal silicon materials sector [3] - Effective cost control measures have also contributed to the improvement in overall gross profit [3] Challenges and Future Strategies - The gross margin of the smart transportation business has declined due to varying project requirements and economic conditions across different regions [3] - The company plans to implement management reforms, process optimizations, and increased R&D investment to enhance product quality and market share [3] - Continuous orders exceeding 2.5 billion CNY in the rail transportation sector over the past three years indicate potential for steady future growth, although various factors may impact performance [3] Health Sector Developments - The health business encompasses three main areas: scientific anti-aging research, medical device CDMO, and synthetic biology health products [4] - Products in the health sector are primarily developed through outsourcing, with a focus on innovative solutions in anti-aging and health technology [4] Future Directions - The company aims for digital transformation as a primary development pathway, focusing on building an integrated transportation ecosystem and enhancing core industries [4] - The establishment of a new base in Pujiang is underway, with production expected to start this year [4] - Collaborative investments in computing power and infrastructure development are being pursued to support future growth [4]

Financial Performance - The company reported a total operating revenue of 688.45 million yuan, representing a year-on-year increase of 13.77% [4] - The net profit attributable to shareholders was -66.70 million yuan, showing a year-on-year improvement of 24.77% [4] - The net profit after deducting non-recurring gains and losses was -74.21 million yuan, which is a 21.23% increase compared to the previous year [4] - The net cash flow from operating activities was -461.21 million yuan, a decrease of 5.02% year-on-year [4] - Basic and diluted earnings per share improved to -0.10 yuan, a 37.50% increase from -0.16 yuan in the previous year [4] - The weighted average return on equity improved to -1.98%, up from -3.27% [4] Business Segments - In the smart transportation sector, the company achieved revenue of 439 million yuan, a year-on-year growth of 16.77% [2] - New orders in the smart transportation business reached 1.046 billion yuan, marking a significant increase of 52.89% compared to the previous year [2] - The company successfully completed projects including the signal system for the first phase of the light rail in Astana, Kazakhstan, showcasing a breakthrough in technology export under the Belt and Road Initiative [2] - In the low-altitude sector, the company made progress with its flight control computer products and established partnerships for ground and flight testing [2] Strategic Investments - The company strategically invested in Chenji Smart Satellite Technology (Zhejiang) Co., Ltd. through share transfer and capital increase [3] - Chenji Smart has launched several core software products, all of which have received software copyright and recognition as an innovative small and medium-sized enterprise in Zhejiang Province [3]

"除了加强低空基础设施建设与规划外，我们也在加快探索打造特色低空应用体系。"区交通局行业 管理科科长辛泽昊介绍，临安低空应用体系的打造主要从三方面着手：突出无人机培训特色，整合高校 和本地机构资源建设多领域培训基地，助力相关院校和驾校转型；同时打造低空城乡治理示范应用场 景，"一网统飞"综合治理平台就是代表性成果之一；此外还将发展低空文旅产业，推进低空+旅游、体 育等场景建设。 截至目前，该平台已响应公安、城管、环保、交通等19个部门51个应用场景。"一机多飞、一飞多 用"模式作为该平台的一大亮点，正在发挥着更强的数据集约作用。临安城投集团数智公司总经理崔鹏 表示，通过管理创新、技术创新与业务创新，单一航次飞行采集的影像、遥测等数据就能满足城市规 划、环境监测、应急管理等多领域需求，大幅提升数据资源的集约化利用水平。 同时，平台还集成无人机侦测反制模块，可毫秒级预警违规飞行行为，为全域低空发展筑牢安全屏 障。而与杭州市低空综合管理服务平台的对接协同，也将有效推动飞行活动管理规范的完善和审批流程 的简化，真正实现"一机多飞、一飞多用"。 临安"一网统飞"综合治理平台近日正式发布，这也标志着临安低空治理正式迈入高 ...