Group 1: Company Performance and Challenges - The company faced significant growth pressure due to market shrinkage in traditional planning services, declining client payment capabilities, and intensified industry competition, resulting in a revenue of -4,531.48 million yuan and a net profit of -5,702.89 million yuan in 2024 [2] - In 2025, the company projected a net profit of 1-3 million yuan, representing a year-on-year growth of 9.32%, with a non-recurring net profit of 111.75 million yuan, up 57.08% [2] Group 2: Strategic Initiatives - The company aims to become a "smart city planning and operation expert" by enhancing internal management and implementing effective measures to address challenges [2] - Key initiatives include evaluating market potential for new business layouts, optimizing R&D processes for quicker market response, and strengthening financial management to ensure stability amid market fluctuations [2] Group 3: Urban Operations Business - The company is transitioning to urban operation services, focusing on integrated consulting, industrial planning, land resource consolidation, and various operational projects [3] - Recent projects include the Foshan Sanshui project and the Shenzhen Leao Industrial City Innovation Center, which are expected to serve as replicable models for expansion in other cities [3] Group 4: R&D Developments - Significant progress in R&D includes platforms like "City Radar" and "CIM Platform," which support planning and urban operation consulting [4] - New applications based on AIGC technology, such as "Park Universe" and "Drawing AI," have been launched to enhance public services and are actively used in daily operations [4] Group 5: Industry Fund Introduction - The company has introduced the Jiaoxin Huicheng Industrial Fund to leverage its resources in transportation, communication, and big data, aiming to empower its urban planning and smart city operations [6] - The share transfer related to this fund is pending compliance review by the Shenzhen Stock Exchange [6]

Group 1: Company Performance - In 2024, the company achieved operating revenue of 318.79 million yuan, with a net loss attributable to shareholders of -45.31 million yuan and a non-recurring net profit of -57.03 million yuan, indicating significant growth pressure due to market shrinkage and increased competition [1] - In Q1 2025, the company reported a net profit attributable to shareholders of 3.80 million yuan, a year-on-year increase of 9.32%, and a non-recurring net profit of 1.12 million yuan, up 57.08% year-on-year [1] Group 2: Strategic Measures for Performance Improvement - The company plans to focus on new business layouts and market potential, reallocating resources to core businesses that can generate short-term returns while reducing or halting long-term projects [2] - Efforts will be made to enhance R&D efficiency and ensure quick market responsiveness of products, while maintaining R&D investment [2] - Financial management will be strengthened to control costs and improve capital efficiency, ensuring a stable financial position amid market fluctuations [2] Group 3: Low-altitude Economy Initiatives - The company has successfully won bids for several low-altitude economy projects, including planning studies and operational services in the Guangdong-Hong Kong-Macao Greater Bay Area [3] - It has joined the low-altitude economy industry alliance and established strategic partnerships to explore operational service chains in this emerging sector [3] Group 4: R&D Developments in Smart City Initiatives - In 2024, the company invested 45.31 million yuan in R&D, accounting for 14.21% of its operating revenue [5] - Significant advancements have been made in platforms such as "Urban Radar" and "CIM Platform," which support planning and urban operation consulting services [5] - New applications based on AIGC technology, including public service platforms and planning design assistants, have been launched to enhance community engagement and service delivery [5]

Financial Performance - In 2024, the company achieved operating revenue of 318.79 million yuan, a decrease of 33.97% year-on-year [4] - The net profit attributable to shareholders was -45.31 million yuan, down 202.85% compared to the previous year [4] - The non-recurring net profit was -57.03 million yuan, a decline of 284.54% year-on-year [4] - In Q1 2025, the company reported a net profit of 3.80 million yuan, an increase of 9.32% year-on-year, and a non-recurring net profit of 1.12 million yuan, up 57.08% [4][5] Business Challenges - The company faces significant growth pressure due to the shrinking traditional planning market, declining customer payment capabilities, and intensified industry competition [2][7] - The revenue decline is attributed to the ongoing investment in new urban operation and smart city projects, which have not yet contributed significantly to performance [7] Strategic Initiatives - The company aims to enhance profitability through several measures, including focusing on core businesses with short-term revenue potential, optimizing R&D efficiency, and strengthening financial management [3][4][14] - R&D investment reached 45.31 million yuan, accounting for 14.21% of operating revenue, indicating a commitment to innovation despite financial challenges [21] Market Position and Opportunities - The company is positioned as a leading player in the planning and design industry, with a market share in the planning design sector estimated between 50-65 billion yuan [8] - Future growth points include expanding traditional business segments, leveraging AI products, and exploring overseas markets [9][26] Cost Control Measures - The company has implemented strict cost control measures, including reducing expenses related to rent, utilities, and travel, while utilizing AI products to enhance project efficiency [3][11] ESG and Social Responsibility - The company integrates ESG principles into its operations, ensuring compliance with environmental regulations and actively engaging in community support initiatives [22][23] Communication with Investors - The company maintains diverse communication channels with investors, ensuring transparency and protecting the rights of shareholders [24][32]