Core Viewpoint - The company, Jiadu Technology, plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its competitiveness and accelerate international expansion [1] Group 1: Company Overview - Jiadu Technology operates in the software development industry, focusing on intelligent construction for rail transit and ICT products and services [1] - The company has contributed to the construction of smart subway lines and stations, with its intelligent rail transit products deployed in 46 cities, over 100 lines, and more than 2,200 subway stations, covering over 3,900 kilometers [1] Group 2: Financial Performance - In the first quarter of 2025, the company reported revenue of 2.254 billion yuan, a year-on-year increase of 106.26%, and a net profit attributable to shareholders of 120 million yuan, marking a turnaround from losses [1] - For the first half of 2025, the company achieved revenue of 4.919 billion yuan, a year-on-year growth of 65.22%, with a net profit of 135 million yuan, also indicating a turnaround [2] Group 3: Research and Development - The company has consistently invested in R&D, with cumulative expenses reaching 1.268 billion yuan from 2020 to the first half of 2025 [2] - Recent innovations include the release of several new products such as the AI Intelligent Control Platform and the "Traffic Jiahong" operating system, which addresses key needs in the transportation sector [2] Group 4: Strategic Collaborations - The company has embraced collaboration with DeepSeek, integrating various products into the DeepSeek ecosystem, enhancing the efficiency of its large model training by over 150% compared to early 2024 [3]

Meeting Overview - The company held a Q1 2025 earnings presentation on May 26, 2025, from 16:00 to 17:00 at the Shanghai Stock Exchange Roadshow Center [1][2] - Key executives including the Chairman and CEO Liu Wei, CFO Mo Xiuchun, and independent director Lai Jianhuang participated in the meeting [2] Financial Performance - The company reported a revenue of 2.254 billion yuan, a year-on-year increase of 106.26% [2] - The net profit attributable to shareholders was 120 million yuan, marking a return to profitability [2] - The net profit excluding non-recurring gains and losses was 10.34 million yuan, also indicating a return to profitability [2] New Product Launches - The company introduced several new products, including the AI Traffic Control Intelligent Agent Platform and the Cloud Hub Intelligent Connected Data Empowerment Platform [2][3] - The AI Traffic Control Intelligent Agent Platform enhances urban traffic signal control through precise traffic indicator predictions [3] - The Cloud Hub platform integrates various traffic data sources to support comprehensive traffic operation metrics [3] Collaboration with Deepseek - The company has integrated its products with Deepseek, enhancing its AI capabilities in the transportation sector [4] - The training efficiency of the Zhixing large model has improved by over 150% compared to early 2024 [4] - The company plans to further strengthen its core competitiveness in the AI and transportation sectors [4] Progress in Rail Transit - The company’s smart rail transit product line includes core products for network command centers and smart stations [5] - The company has participated in the construction of smart subway lines and stations across 46 cities globally, covering over 2,200 subway stations [5] - The revenue growth in the rail transit sector is attributed to the successful completion of smart transportation projects in cities like Guangzhou and Chengdu [5]