Core Viewpoint - Lian Technology aims to become a cornerstone of computing power and digital services, focusing on AI applications and solutions that integrate information technology with various application scenarios [5][6][10]. Group 1: Business Development - Lian Technology has evolved from a regional player in Xinjiang to a comprehensive information technology service provider with a national and international presence, including operations in the Middle East [5][6]. - The company has established four core business segments: digital cities, computing power centers, communication technology services, and value-added services for operators [6][7]. - The company emphasizes technological innovation as the driving force behind its development, focusing on continuous technical accumulation and cross-industry integration [6][7]. Group 2: Strategic Expansion - Lian Technology underwent a strategic expansion phase starting in 2018, marked by key acquisitions and the establishment of a subsidiary in Saudi Arabia to tap into international markets [8][9]. - The company aims for its overseas and non-Xinjiang business to account for over 50% of its operations in the next 3 to 5 years, aligning with the Belt and Road Initiative [10]. Group 3: Computing Power and AI Integration - The company is in a growth phase, actively expanding its computing power and cloud computing services while maintaining its focus on traditional communication services and digital cities [11]. - Lian Technology's computing power infrastructure is being developed with the launch of the Lian Cloud Data Center and the first thousand-card reasoning resource pool in Southwest China [11][12]. - The company plans to enhance its AI capabilities and integrate them into traditional business areas, such as smart city projects and network optimization [12].

Core Viewpoint - The company is actively progressing in its strategic initiatives, particularly in the cloud computing and digital services sectors, while also maintaining a focus on international expansion, especially in Saudi Arabia [2][3][5]. Financial Performance - For Q1 2025, the company reported revenue of 177 million yuan, representing a year-on-year growth of 24.77% [6][7]. - In 2024, the company achieved an operating income of 787.88 million yuan, a 9.02% increase compared to the previous period, with a net profit of 25.87 million yuan, marking a significant growth of 247.18% [3][5]. Strategic Initiatives - The company is committed to enhancing its capabilities in computing power and cloud services, with plans to increase investment in these areas [2][3]. - The "Lianang Lingcan Cloud" computing platform is positioned as a key resource pool for model training, offering flexible and cost-effective services [3]. Market Position and Expansion - The company is involved in the Saudi CEER electric vehicle factory MEP project, which is part of Saudi Arabia's Vision 2030, and has secured contracts worth 75 million yuan in this regard [2][3]. - The company aims to expand its market presence beyond Xinjiang, targeting both domestic and international markets to enhance its competitive edge [7]. Shareholder Returns - The company announced that it will not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the 2024 fiscal year [8]. Research and Development - In 2024, the company invested 27.33 million yuan in R&D, accounting for 3.47% of its operating income [4].