Group 1: Company Performance and Market Position - The company achieved revenue growth in 2024 due to focused market expansion and differentiation strategies, particularly in lower-tier cities [2] - The architectural design and landscaping engineering sectors contributed to the company's revenue structure, marking their first significant income share in 2024 [3] - The concentration of the design industry has increased, with a higher demand for comprehensive design capabilities from national firms [3] Group 2: Business Development and Strategic Partnerships - The company plans to expand its business into digital technology, land management, urban renewal, and project operations while solidifying its core landscape design business [3] - Collaboration with Rokid has been upgraded, focusing on integrating design and culture with smart technology [4] - The company aims to enhance its competitive edge through strategic partnerships that align with its core business and promote resource integration [3] Group 3: Financial Management and Risk Mitigation - As of the end of 2024, 72% of accounts receivable are from private real estate companies, with 24% from state-owned enterprises [5] - The company has established a special collection mechanism, optimizing the bad debt provision ratio to 46%, a 5% decrease year-on-year [5] - To mitigate risks, the company focuses on selecting high-quality clients and enhancing accounts receivable management [5] Group 4: Urban Renewal and Future Goals - Urban renewal is a key focus, with projects in major cities like Beijing and Guangzhou aimed at improving cultural districts and public spaces [6] - The company has set ambitious performance targets for 2025, aiming for a revenue growth rate of at least 21% from a 2023 base of CNY 333 million and a net profit of no less than CNY 15 million [7] - Future strategies include a shift towards integrated service models and international market expansion to drive growth [8]

Core Viewpoint - The company achieved a significant turnaround in its financial performance for 2024, reporting a substantial increase in revenue and net profit, driven by strategic focus on high-value services and cost control [1][2]. Financial Performance - In 2024, the company reported operating revenue of 459 million yuan, representing a year-on-year growth of 37.84% [1] - The net profit attributable to shareholders reached 28.62 million yuan, marking a year-on-year increase of 126.42%, indicating a successful turnaround from previous losses [1][2]. Strategic Focus - The company concentrated on high-value business segments and stringent cost management, which were pivotal in achieving profitability [2]. - It actively participated in new urbanization initiatives, leading various urban renewal projects in cities like Guangzhou and Beijing [2]. Business Development - The company is advancing its "Design+" comprehensive business development strategy, transitioning its landscape design services into full-process consulting services [2]. - It has expanded its service offerings to include urban planning, architectural design, and technical consulting, enhancing its project consulting capabilities [2]. Technological Innovation - The company developed the "Shanshui Zhijing" digital design software suite, which supports the entire landscape design process and improves operational efficiency [3]. - The software has been upgraded to version 3.0, incorporating AI tools that enhance design capabilities and streamline workflows [3]. Employee Incentives - The company implemented a stock option incentive plan in 2024, granting 3.8784 million stock options, which is 6% of the total share capital at the time of the announcement [4]. - This plan aims to strengthen the governance structure and motivate employees, fostering a collaborative environment for future growth [4].