Core Viewpoint - Company held an earnings briefing on April 28, 2025, discussing financial performance and future outlook, with participation from various investment firms [1][2] Financial Performance - For Q1 2025, the company reported a main revenue of 162 million yuan, an increase of 18.5% year-on-year, and a net profit attributable to shareholders of 10.37 million yuan, up 153.13% year-on-year [11] - The company's net profit after deducting non-recurring items reached 9.27 million yuan, reflecting a significant increase of 226.9% year-on-year [11] - The company's debt ratio stands at 33.97%, with investment income of 1.06 million yuan and financial expenses of 304,600 yuan [11] - The gross profit margin improved to 28.2%, up 7 percentage points from the previous year, attributed to cost reduction measures and a relatively closed industry environment [6] Business Development - The company is actively involved in nuclear power, port, and water conservancy projects, with stable progress in tracking projects despite some delays due to complex approval processes [3][4] - In 2024, the company achieved breakthroughs in key areas such as nuclear power and ports, with ongoing projects and strategic partnerships established [4] - The company has a robust project reserve, with several major engineering projects set to commence field trials in Q2 [3][4] Market Outlook - The company is optimistic about business growth in Q2 and the second half of the year, particularly in the nuclear power sector, where it has deep involvement in multiple projects [3] - The company aims to expand its market share and the proportion of high-quality projects, focusing on key areas aligned with national strategies [11] Project Updates - The company is conducting experiments for urban sludge projects, with stable results expected to lead to operational equipment by May 2025 [5] - The company has established a subsidiary in Malaysia and is responding to the Belt and Road Initiative by engaging in projects across Southeast Asia [4]