Core Viewpoint - The company, Sanwei Tiandi, has a diverse client base for its digital inspection and testing management platform and data asset management platform, serving over 3,000 clients across various industries [1] Group 1: Digital Inspection and Testing Management - The company has achieved comprehensive coverage in the digital inspection and testing management sector, serving clients from government and third-party testing institutions, manufacturing, and research and development fields [1] - Key industries served include food and drug testing, environmental monitoring, public health, biopharmaceuticals, automotive electronics, petrochemicals, energy materials, consumer goods, and research institutions [1] Group 2: Data Asset Management - In the data asset management sector, the company's products primarily serve large domestic enterprise groups [1] - The coverage includes multiple industries such as high-tech electronics, equipment manufacturing, real estate and property management, energy and minerals, healthcare, and financial investment [1]

Core Viewpoint - The company, Sanwei Tiandi (301159.SZ), has a diverse customer base for its main products, which include intelligent inspection and testing management platforms and data asset management platforms, with some clients from the aerospace sector [1] Group 1 - The main business products of the company include intelligent inspection and testing management platforms [1] - The company also offers data asset management platforms [1] - The customer industry distribution of the company's products is broad, indicating a wide market reach [1] Group 2 - Some clients of the company are from the aerospace industry, highlighting its involvement in high-tech sectors [1]

Core Insights - The company, Sanwei Tiandi (301159.SZ), has a diverse application of its products across various industries, primarily focusing on intelligent inspection and testing management platforms and data asset management platforms [2] Group 1: Product Applications - The company has served over 3,000 clients in the intelligent inspection and testing management sector, achieving comprehensive coverage across government and third-party testing institutions, manufacturing, and research and development fields [2] - Key application areas include food and drug testing, environmental monitoring, public health, biopharmaceuticals, automotive electronics, petrochemicals, energy materials, consumer goods, and research institutions [2] Group 2: Data Asset Management - In the data asset management sector, the company's products primarily serve large domestic enterprise groups [2] - The industries covered include high-tech electronics, equipment manufacturing, real estate and property management, energy and minerals, healthcare, and financial investment [2]

Group 1 - The company, Sanwei Tiandi (301159.SZ), has been asked about its product offerings in the commercial aerospace sector and the competitive advantages of these products [1] - The main business products of the company include intelligent inspection and testing management platforms and data asset management platforms, which have a wide distribution of clients across various industries, including aerospace [1]

Core Insights - The 2025 Data Asset Summit, hosted by Sanwei Tiandi Technology Co., Ltd., focused on the theme "Data Empowering All, Intelligence Winning the Future," discussing the path to data assetization and best practices for digital transformation in the AI era [2] - Sanwei Tiandi's Chairman, Jin Zhen, highlighted the rapid evolution of data governance frameworks and standards, emphasizing the emergence of new policies, models, and technologies in the data asset management field [2] - The integration of AI technology with data asset marketization and assetization processes is seen as a new driving force for enterprise innovation [2][3] Company Initiatives - Sanwei Tiandi proposed a "Three-Stage, Five-Step Method" for data governance, focusing on both source and lake governance to achieve visible, controllable, usable, and trustworthy data assets [3] - The framework includes lifecycle management from strategic interpretation, data specification definition, cleaning and processing, to application operation, supported by a data asset management platform [3] - The company aims to enhance ecological collaboration, technological innovation, scenario expansion, and product iteration to empower enterprise data management upgrades [3]

Core Viewpoint - The company emphasizes its comprehensive data intelligence application ecosystem, which integrates various business segments to create a synergistic effect across the entire data lifecycle [2] Group 1: Business Structure - The company operates a data factor trading operation management platform that aggregates data resources [2] - A data asset management platform is established to solidify the foundational data [2] - The company provides a core application scenario through its inspection and testing platform [2] - The SunwayLink intelligent agent drives smart operations [2] - A cluster of robots is utilized for physical operations [2] Group 2: Ecosystem Integration - The business segments are deeply coordinated to form a closed-loop intelligent ecosystem covering the entire lifecycle of data, including collection, storage, management, utilization, and ease of access [2] - The ecosystem also encompasses the entire process of inspection and testing [2]

Summary of Key Points from the Conference Call Company Overview - The company discussed is "3D Tian Di" (三维天地), which operates in the AI and data management sector, focusing on intelligent solutions for enterprises. Financial Performance - In the first half of 2025, the company reported a revenue of approximately 70 million yuan, representing a year-on-year growth of about 5% [2] - The net loss narrowed by 12% compared to the same period last year, with net cash flow from operating activities improving by 35.65% to -67 million yuan [2] - The total order backlog reached 410 million yuan, showing a year-on-year increase of 24% [2] AI and Product Development - The company launched the 3DLink AI application development platform aimed at facilitating enterprise intelligence upgrades, which includes capabilities for AI application development, knowledge management, and plugin management [2] - AI-related contract orders have accumulated to over 50 million yuan, indicating significant potential in the AI business [2] - The company is focusing on head clients, with approximately 3,000 laboratory clients and nearly 1,000 data asset clients, which helps in reducing customer acquisition costs and improving communication efficiency [4] Strategic Partnerships and Innovations - Collaboration with the Beijing Humanoid Robot Innovation Center aims to develop embodied intelligent robots for laboratory automation [2] - The company is also working on a data element trading operation platform and creating a trustworthy data space (NQI) [3] - In the pharmaceutical health sector, the company provides support for drug analysis and has launched solutions for AI model applications and medical device data cleaning [7] Market Opportunities - The revenue share from central state-owned enterprises has increased to 35%-36%, confirming the strategy to prioritize AI business with these large institutions [14] - The company sees potential in the ASEAN market, particularly in Malaysia and Indonesia, due to a favorable attitude towards Chinese software products [15] Future Outlook - The intelligent agent business is expected to see a gradual increase in gross margins as experience from initial projects can be replicated [8] - The company anticipates more contract verifications in the second half of 2025, which will provide clearer insights into AI-related revenue [10] - The company is preparing to host a data asset forum in Shenzhen, targeting high-tech enterprises, which is expected to enhance product promotion and customer engagement [16] Key Innovations and Applications - The data asset management platform has been piloted in collaboration with Tsinghua University in the field of philosophy and social sciences [5] - The company is developing new functionalities in supply chain collaboration and has established a knowledge system in the pharmaceutical inspection field [19][20] Conclusion - 3D Tian Di is strategically positioned to leverage its AI capabilities and partnerships to enhance its market presence and financial performance, with a strong focus on central state-owned enterprises and international expansion in the ASEAN region.

Group 1 - The company is focusing on leveraging AI opportunities with state-owned enterprises (SOEs) as a significant part of its client base [2] - The company has extensive experience in assisting SOEs with digital and intelligent transformation through its data asset management platform and intelligent inspection and testing information management platform [2] - The AI intelligent system Sunwaylink is being promoted to both new and existing clients, with deployments already occurring in some SOEs and large enterprises through collaborative projects and strategic partnerships [2] Group 2 - The company plans to actively seek opportunities to participate in "AI+" benchmark projects, aligning with policy guidance [2]

Core Viewpoint - The financial performance of the company in 2024 was disappointing, with significant declines in revenue and profit due to intensified industry competition, tightened customer budgets, and slowed bidding processes [1][7]. Business Analysis Smart Inspection and Testing Management - The smart inspection and testing management business, a core segment, faced challenges in 2024, primarily due to increased competition and reduced customer budgets, leading to slower bidding processes and unmet revenue growth expectations [4][7]. - The company launched several innovative products in this segment, including smart inspection management platforms and quality infrastructure service platforms, but customer acceptance and usage did not meet expectations [4][7]. Data Asset Management - The data asset management business saw a technological upgrade with the release of the DAMV13.2 version, aimed at enhancing data governance implementation [4][6]. - Despite technological advancements, market expansion was limited due to fragmented customer demand and intense competition [5][6]. Supply Chain Management - The supply chain management business integrated with data asset management to create a supply chain control tower, enhancing efficiency and precision [6]. - However, the company faced significant cost pressures during project implementation, as the complexity of supply chain management required substantial human and material resources, leading to increased operational costs [6][7]. Summary - Overall, the company's performance in 2024 was adversely affected by various external factors, resulting in a notable increase in operational costs and a significant decline in revenue and profits [1][7]. - Future improvements in operational conditions are anticipated with the completion of relevant technology adaptations and product market promotions, but maintaining a technological edge and effectively controlling costs remain critical challenges [7].