Group 1: Investor Relations Activity - The investor relations activity was held on May 21, 2025, in both offline and online formats [3] - Attendees included various investment firms such as Dongwu Securities, Chengyang Investment, and others [3] - Company representatives included General Manager Liu Deyong, Board Secretary Liu Junjun, and Financial Officer Liu Jin [3] Group 2: Performance of Acquired Company - Yixun Information exceeded its performance commitment in 2023, achieving a net profit of approximately 13.65 million yuan against a commitment of 19 million yuan [4] - A profit compensation will be provided by the counterpart based on the transaction agreement, which will offset the payable transaction price [4] - Yixun Information has established strong client relationships with major enterprises in banking, insurance, e-commerce, and automotive sectors [4] Group 3: Market Opportunities in Low-altitude Economy - The company is focusing on new market opportunities in low-altitude economy infrastructure and digital services for various operational scenarios [5] - Collaboration with stakeholders is being enhanced to explore applications in rail transport and logistics [5] Group 4: Progress in AI and Large Models - The company has launched two product series based on industry large models, including "Smart Assistant" and "Smart Algorithm Engine" [6] - A strategic agreement has been signed with Inspur to co-develop a large model integrated machine for the civil aviation sector [6] Group 5: Advantages in Low-altitude Economy - The company has decades of experience in civil aviation IT, providing a deep understanding of industry business models [7] - Strong technical integration capabilities utilizing 5G, cloud computing, big data, and AI technologies [7] - Relevant case studies in general aviation operations and low-altitude economy scenarios have been accumulated [8]

Group 1: Financial Performance - The company achieved a revenue of CNY 182 million in 2024, with a gross margin of 45.31% [18] - The total profit amounted to CNY 24.78 million, with a net profit attributable to shareholders of CNY 17.29 million [18] - Non-recurring gains and losses for 2024 were CNY 10.24 million, accounting for 59% of net profit [15] Group 2: Goodwill and Accounts Receivable - The goodwill balance as of the reporting period was CNY 45.39 million, primarily from acquisitions [4] - Accounts receivable amounted to CNY 106 million, down 14.56% from the beginning of the period, representing 58% of revenue [5] - The collection period for accounts receivable is being optimized through differentiated credit policies and supply chain financial tools [4][5] Group 3: Research and Development - R&D investment in 2024 was CNY 10.97 million, a decrease of 19.2%, yet the company secured 8 new software copyrights [8] - The company aims to enhance R&D efficiency through digital restructuring and collaboration with academic institutions, achieving a 30% increase in flight scheduling efficiency [8] - Future R&D strategies include a resource allocation model of 70% for core products, 20% for mid-term growth, and 10% for frontier technologies [10] Group 4: Strategic Partnerships and Market Expansion - The acquisition of controlling interest by China Intelligent Transportation is expected to enhance collaboration in smart aviation and low-altitude economy [6][7] - The company has established a joint customer development mechanism to tap into low-altitude economic demands [7] - The low-altitude economy market is projected to reach CNY 2 trillion by 2030, with the company aiming to capture a significant market share [13] Group 5: Future Outlook and Growth Drivers - The company anticipates profitability in 2025, supported by a stable core business and sufficient orders [14] - AI technology is expected to enhance operational efficiency and customer service in aviation information products [12] - The company is focused on reducing the volatility of non-recurring gains and losses to improve profitability stability [16]