Group 1 - The core point of the article is that Hanjia Design Group has terminated the planned change of control while clarifying its shareholding structure, with Zhejiang Urban Construction Group transferring approximately 16.93 million shares to Suzhou Tailian Zhixin Investment Management Partnership, making Tailian Zhixin the second-largest shareholder [1] - Following the share transfer, Zhejiang Urban Construction Group and its concerted parties will hold a combined shareholding of 44.78%, maintaining their status as the controlling shareholder of Hanjia Design [1] - Tailian Zhixin has committed not to reduce its shareholding within 12 months after the transfer, which is expected to provide a more stable and predictable development environment for investors [1] Group 2 - Hanjia Design has successfully completed the acquisition of a 51% stake in Suzhou Futai Information Technology Co., which is now a wholly-owned subsidiary and has been consolidated into Hanjia Design's financial statements [2] - Futai Technology is recognized in the field of urban governance digitalization and intelligent equipment, offering an integrated technology system that combines data collection, algorithm analysis, intelligent decision-making, and execution [2] - The company has served over 600 government clients across more than 200 cities, demonstrating strong scalability and replicability of its platform products in urban management and environmental governance [2] Group 3 - The advantages of Futai Technology lie not only in its technology but also in its validated business model, which supports Hanjia Design's competitiveness in urban governance digitalization and intelligent equipment sectors [3] - This acquisition is seen as a key driver for Hanjia Design to build a new growth curve in the market [3]

Group 1: Company Performance - In Q1 2025, the company achieved revenue of CNY 292 million, a year-on-year increase of 49.96% [4] - The net profit attributable to shareholders reached CNY 10.23 million, up 294.18% year-on-year [4] - The non-recurring net profit was CNY 11.46 million, reflecting a growth of 448.69% year-on-year [4] Group 2: Acquisition and Integration - The company completed the acquisition of 51% of Votai Technology, which was consolidated into the financial statements as of December 30, 2024 [3] - The acquisition is expected to create synergies in technology, business, and market areas, enhancing the company's capabilities in urban governance [3] Group 3: Business Segments and Revenue Sources - Revenue from real estate-related business has decreased to below 20% of total revenue in 2024 [5] - The company's EPC (Engineering, Procurement, and Construction) business generated CNY 396.66 million in 2024, a 35% increase year-on-year [6] - The architectural design business revenue was CNY 1.523 billion in 2024, accounting for 68.5% of total revenue [8] Group 4: Research and Development - R&D investment in 2024 was CNY 89.76 million, a year-on-year increase of 12.34% [7] - The company has not established a smart construction R&D team as of 2024 [13] Group 5: Market Position and Strategy - The company aims to become a leading data service operator in the public utility sector and a comprehensive solution provider for urban governance robots [10] - The company’s revenue from projects in Zhejiang Province accounted for 86.94% of total revenue in 2024 [19] Group 6: Financial Metrics - The company’s comprehensive gross margin for 2024 was 18.72%, a decrease of 1.23 percentage points year-on-year [20] - Accounts receivable reached CNY 1.128 billion in 2024, an increase of 18.6% from the previous year [19]