Core Viewpoint - The company emphasizes the importance of smart and energy-efficient retrofitting of existing buildings as a significant future development direction, driven by the acceleration of urban renewal processes [1] Summary by Relevant Sections Market Opportunity - The demand for smart and energy-efficient retrofitting of existing buildings is continuously being released, indicating a broad market space [1] - The company is actively positioning itself in the existing building renovation market and expanding the application boundaries of its AIoT platform [1] Company Initiatives - The company has been involved in significant projects such as the energy-saving renovation of the Shenzhen Civic Center since 2012, making it one of the early entrants in this field [1] - Recent projects include upgrades for major clients like GF Securities Headquarters, Shenzhen Metro Headquarters, and Guotou Securities Headquarters, focusing on energy-saving and smart system upgrades [1] Product Offering - The company's core product, the Space Scene Control System, is designed to facilitate the smart upgrade of existing buildings, replacing traditional control panels for lighting, air conditioning, and access control [1] - This system offers advantages such as simple structure, easy design, installation, maintenance, expansion, and enhanced user experience, providing a high cost-performance ratio for clients [1] Future Outlook - The company will disclose significant developments in related businesses in accordance with regulations, encouraging investors to stay informed [1]

Group 1: Company Overview and Strategy - The company has clarified its strategic goal of "AI + IoT," focusing on an AIoT platform and modular application solutions for smart spaces [1] - The AIoT intelligent IoT control platform V7 has been launched, optimizing various AI applications such as energy consumption anomaly detection [1] - The company has established an "AI + IoT" open laboratory, collaborating with 9 universities and startup teams to co-create AI applications [2] Group 2: Financial Performance - In the first half of 2025, the company achieved a revenue of 990 million CNY, with a net loss of 88.76 million CNY due to fluctuations in downstream demand and project delays [1] - Operating cash flow has improved compared to the previous period, with a 3.2% decrease in sales, management, and financial expenses [2] - The signed amount for AIoT platform products increased from 7.97 million CNY to 25.04 million CNY, a year-on-year growth of 214.35% [2] Group 3: Market Position and Client Base - By the end of 2024, the company has served 57 out of 93 large manufacturing listed companies in Shenzhen, achieving a coverage rate of 61.3% [2] - The company has also served 153 out of the 500 billion CNY market capitalization listed companies nationwide, with a coverage rate of 56.9% [2] Group 4: Product Development and Innovation - The AIoT platform has developed over 300 core functional modules across 10 application areas, enhancing market competitiveness and commercial viability [3] - The company has completed HarmonyOS certification for some products, aligning with national innovation requirements [4] Group 5: Future Outlook - The company aims to replicate successful smart space cases in finance, technology, and high-end manufacturing sectors by 2030 [2] - There is a growing market for smart upgrades and energy-saving renovations in existing buildings, which the company is actively pursuing [5]

Group 1: Company Overview and Strategy - The company has clarified its strategic goal of "AI + IoT," focusing on an AIoT platform and modular application solutions for smart spaces [1] - The AIoT intelligent management platform V7 has been launched, optimizing various AI applications such as cold load forecasting and energy consumption anomaly detection [1] - The company has established an "AI + IoT" open laboratory, collaborating with 9 universities and various startups to co-create AI applications [1] Group 2: Financial Performance - In the first half of 2025, the company achieved a revenue of CNY 990 million, with a net loss of CNY 88.76 million due to fluctuations in downstream demand and project delays [1] - Operating cash flow has improved compared to the previous period, with a 3.2% decrease in sales, management, and financial expenses year-on-year [1] - The contract amount for AIoT platform products increased from CNY 7.97 million to CNY 25.04 million, a year-on-year growth of 214.35% [1] - Revenue from AIoT platform products rose from CNY 10.87 million to CNY 13.56 million, reflecting a year-on-year increase of 24.77% [1] Group 3: Market Presence and Client Base - By the end of 2024, the company has served 57 out of 93 large manufacturing listed companies in Shenzhen, achieving a coverage rate of 61.3% [2] - The company has also served 153 out of the top 500 listed companies in terms of market value nationwide, with a coverage rate of 56.9% [2] Group 4: Product and Service Offerings - Core intelligent terminal products include a space scene control system, access controllers, and facial recognition terminals, designed for easy installation and maintenance [2] - The company provides efficient IoT products and solutions to over a thousand educational institutions, including notable campuses in Shenzhen [2] Group 5: International Expansion - The company has begun to expand its overseas business, with revenue surpassing CNY 1 million in the first half of 2025, primarily in Southeast Asia and the Middle East [2] - International projects include partnerships with companies in Vietnam, Thailand, and Qatar, although overseas business currently has a minor impact on overall operations [2]