Group 1: Company Overview and Performance - The company experienced a decrease in new contracts for 2024 due to external market conditions and the approval cycle for rail transit projects, but has sufficient existing orders with stable contract conversion [1] - The engineering general contracting business has increased its share in 2024, primarily due to growth in civil defense engineering and the operation of energy-saving projects for rail transit air conditioning systems [1][2] Group 2: Financial Performance and Challenges - The company's first-quarter performance showed fluctuations, attributed to the long project cycles in rail transit design and increased depreciation costs from the new subway design building, leading to a decline compared to previous years [3] - The company aims to enhance operational efficiency and control costs to stabilize performance and provide returns to investors [3] Group 3: Future Growth Strategies - Future growth will focus on optimizing core rail transit design services, developing new business areas such as TOD, general contracting, underground space development, and municipal projects, as well as expanding into overseas markets [4] - The company plans to promote the industrialization of research results and engage in mergers and acquisitions to enhance core competitiveness and achieve further growth [4] Group 4: Dividend Policy - The company plans to distribute at least 30% of its distributable profits as cash dividends annually from 2024 to 2026, considering operational conditions and future development plans [6]