Financial Performance - The company's revenue for the first half of 2025 was 218,226,440.27 yuan, representing a year-on-year decline of 34.97% compared to 335,553,928.38 yuan in the same period last year [2][3] - The net profit attributable to shareholders was 12,139,533.36 yuan, down 73.29% from 45,451,004.49 yuan in the previous year [2][3] - The net profit after deducting non-recurring gains and losses was 10,174,040.56 yuan, a decrease of 75.37% from 41,315,265.51 yuan year-on-year [2][3] - The net cash flow from operating activities was -14,895,515.59 yuan, a significant decline of 183.16% compared to 17,911,692.92 yuan in the previous year [3] - Basic and diluted earnings per share were both 0.18 yuan, down 72.73% from 0.66 yuan in the same period last year [3] - The weighted average return on equity was 1.16%, down from 3.92% in the previous year [3] Asset and Equity Position - As of the end of the first half of 2025, total assets amounted to 1,188,904,166.27 yuan, reflecting a year-on-year growth of 2.83% from 1,156,240,184.02 yuan [2][3] - The net assets attributable to shareholders were 1,048,465,009.78 yuan, an increase of 1.17% from 1,036,325,476.42 yuan at the end of the previous year [2][3] Business Overview - The company specializes in the research, development, production, and sales of security video surveillance products, including front-end cameras and back-end hard disk recorders [2][3] - The product range includes various series of front-end cameras such as AI smart series, pan-tilt series, and thermal imaging series, with resolutions ranging from 2 million to 32 million pixels [4][5] - The company has developed over 10,000 new product models since its establishment, positioning itself as a key player in the domestic security video surveillance market [5] Regulatory Impact - On October 30, 2024, the company was placed on the SDN list by the U.S. Department of State and the Treasury Department's OFAC, prohibiting U.S. entities from engaging in transactions with the company, significantly impacting its operations [5] - The company is actively seeking to be removed from the SDN list to restore its international business while also expanding its domestic operations and exploring merger and acquisition opportunities [5]

Core Viewpoint - Allianz Ruishi achieved a revenue of 218 million yuan in the first half of 2025, demonstrating resilience against external geopolitical challenges through strategic adjustments and technological advancements [1]. Group 1: Strategic Adjustments - The company adopted a dual strategy of "external risk prevention and internal potential exploration" to navigate the challenges posed by the SDN list, focusing on domestic market opportunities while seeking to restore overseas business channels [2]. - Allianz Ruishi is actively pursuing the removal from the SDN list while shifting its market focus to domestic opportunities, including exploring mergers and acquisitions [2]. - The strategic adjustment aligns with the trend of the domestic security industry transitioning towards AIoT, supported by government policies and the integration of emerging technologies like 5G and AI [2]. Group 2: Technological Development - Allianz Ruishi has developed over 10,000 new product models, with core products including front-end cameras and back-end hard disk recorders, achieving industry-leading standards in image color restoration, data storage security, and emergency response efficiency [3]. - The company is enhancing its competitive edge by integrating hardware, software, and platform capabilities, while accelerating the application of AI algorithms in various scenarios [2][3]. - A strategic partnership with Guangzhou Potential Space Technology aims to develop intelligent video surveillance devices that leverage large models for improved efficiency and expanded application scenarios [3][4]. Group 3: Market Expansion and Future Outlook - The collaboration with Potential Space Technology is expected to create significant synergies, with initial market penetration focusing on commercial sectors like dining and retail, and future expansion into home, elderly care, and pet companionship markets [4]. - The company is positioned to gradually alleviate external pressures and capitalize on the opportunities presented by the intelligent and IoT-driven transformation of the security industry, aiming for stable recovery and long-term growth [4].

Group 1 - The company is engaged in the development, manufacturing, and sales of security video surveillance products, focusing on hardware and software solutions [3][4] - Main products include front-end cameras and back-end hard disk recorders, with various models available in different resolutions and capabilities [4][5] - The video surveillance system allows real-time monitoring and historical video retrieval, applicable in various scenarios such as homes, communities, enterprises, and public safety projects [5][6] Group 2 - The company has changed its auditing firm to Zhongzheng Tiantong Accounting Firm (Special General Partnership) for the current reporting period [2][9] - The company has not declared any cash dividends or stock bonuses for the reporting period, and the profit distribution plan has been approved by the board [2][7] - The company plans to distribute cash dividends of RMB 12 per 10 shares, totaling RMB 81,178,731.60, based on a total share capital of 67,648,943 shares after accounting for treasury shares [7][8] Group 3 - The company will hold its annual shareholder meeting on May 16, 2025, with a registration deadline of May 13, 2025 [19][17] - Shareholders can participate in the meeting either in person or through online voting, with specific procedures outlined for both methods [27][35] - The meeting will address various proposals, including the election of directors and other corporate matters, requiring different voting thresholds for approval [21][20]