Core Viewpoint - The project "Key Technologies and Applications of Basic Software for Intelligent Connected Vehicles," led by Wuhan Guangting Information Technology Co., Ltd., has been approved and completed, showcasing the company's innovation capabilities and enhancing its competitiveness in the intelligent connected vehicle software sector [1] Group 1: Project Overview - The project involves collaboration with six entities, including Huazhong University of Science and Technology and Wuhan University of Technology, focusing on the development of operating systems, middleware, and algorithms for intelligent connected vehicles [1] - The project aims to create a data-driven cloud training and simulation platform for intelligent connected vehicles, enhancing the overall software capabilities in various scenarios [1] Group 2: Financial Impact - The project has successfully passed all task objectives and acceptance tests, indicating a significant achievement in technological innovation and management capabilities [1] - As of the announcement date, the government subsidy of 3.9 million yuan (approximately 0.6 million USD) has been received, with the company's share being 1.95 million yuan (approximately 0.3 million USD) [1] - The previously deferred revenue of 4.55 million yuan (approximately 0.7 million USD) will be recognized in the current profit and loss statement, with an estimated impact of about 6.5 million yuan (approximately 1 million USD) on the company's total profit for 2025 [1]

Core Viewpoint - The company has successfully passed the acceptance of the "Key Technologies and Applications of Basic Software for Intelligent Connected Vehicles" project, which was approved for establishment in December 2023 [1] Group 1: Project Details - The project is led by the company in collaboration with Huazhong University of Science and Technology and other entities [1] - The government subsidy funds for the project amount to 3.9 million yuan, of which the company is entitled to 1.95 million yuan [1] Group 2: Financial Impact - An amount of 4.55 million yuan previously recorded as deferred income will be transferred to current profits, with an expected impact of approximately 6.5 million yuan on the total profit for 2025, subject to audit results [1]