9月19日下午15:30 - 17:00，广东天亿马信息产业股份有限公司通过全景网"投资者关系互动平台"以网络 远程方式召开业绩说明会，董事长林明玲、副董事长兼总经理马学沛等多位公司高层接待了投资者网上 提问。 本次业绩说明会，投资者围绕公司业绩、收购进展、业务布局等方面提出诸多问题，公司一一进行回 复，透露了不少关键信息。 上半年业绩增长归因与成本控制 公司2025年上半年营业收入和净利润增长，主要得益于前期布局的算力服务、企业数字化等业务增长。 报告期内，企业数字化业务取得突破，新签多个国有大中型企业软件开发项目。同时，公司在成本控制 上成效显著，销售费用支出1,017.98万元，同比下降15.92%；管理费用支出1,604.16万元，同比下降 8.22%，有效提升了经营效益。 2025年2月深圳算力集群服务项目交付使用后，上半年实现收入3,007.53万元，8月签署的某国产算力项 目，合同期3年，合同金额5,781.6万元，为业绩提供有力支撑。下半年，公司将评估算力节点或集群建 设可行性，若条件成熟，不排除启动新的算力基础设施建设项目，扩大市场份额。 并购星云开物目的与未来业务方向 公司并购星云开物主要 ...

Group 1: Financial Performance - The company's revenue for the first half of 2025 reached CNY 43.45 million, a year-on-year increase of 126.37% due to growth in digital enterprise services and computing power services [2][3] - The computing power service project in Shenzhen generated revenue of CNY 30.08 million with a gross margin of 46.48% [3] - The company effectively improved operational efficiency by reducing sales expenses by 15.92% to CNY 10.18 million and management expenses by 8.22% to CNY 16.04 million [3] Group 2: Acquisition Plans - The company is in the process of acquiring 100% equity of Guangdong Xingyun Kaiwu Technology Co., Ltd., with cash and share issuance [4][6] - The acquisition is pending completion of asset audits and evaluations, with no confirmed timeline for approvals [4][6] - The target company reported an expected revenue of CNY 444.70 million and a net profit of CNY 90.71 million for 2024, pending audit [6][7] Group 3: Future Growth Expectations - The company anticipates continued growth in the second half of 2025, driven by ongoing projects in computing power and digital enterprise services [5] - A new three-year contract for a domestic computing power project worth CNY 57.82 million was signed in August, contributing to future revenue [7] - The acquisition of Xingyun Kaiwu is expected to enhance the company's competitive edge and expand its product application scenarios [5][8] Group 4: Technological Advancements - The company has developed AI applications, including the "Yiqi AI Government Assistant" and "Company AI Assistant," aimed at improving efficiency in government and enterprise operations [10] - The company holds the first batch of DRCA certificates in the big data industry and has launched multiple data products on trading platforms [10]

Financial Performance - In 2024, the company achieved operating revenue of ¥223,633,009.1, with a net profit attributable to shareholders of -¥49,552,838.46, indicating a significant decline due to market demand slowdown and intensified competition [3] - For Q1 2025, the company reported operating revenue of ¥48,422,939.96, net profit of ¥567,488.39, and net profit after deducting non-recurring gains and losses of ¥1,414,010.09, marking a turnaround to profitability [3] Reasons for Performance Decline - The primary reasons for the 2024 performance decline included a slowdown in market demand for smart city solutions and increased competition, leading to cautious business engagement [3] - The company recorded a significant increase in accounts receivable, resulting in a provision for bad debts of ¥25,110,000 and stock incentive expenses of ¥9,511,800, adversely affecting profits [3] Growth Opportunities - The company is expanding into new business areas such as smart rail transportation, smart enterprises, and smart energy, while consolidating its advantages in government, education, and healthcare sectors [3] - As of the report date, the company has secured orders worth approximately ¥800 million, laying a solid foundation for improved performance in 2025 [4] Industry Context - The overall performance of the smart city industry in 2024 was affected by reduced market demand and heightened competition, prompting the company to focus on core strengths while exploring new business avenues [4] - In Q1 2025, the company reported a year-on-year revenue growth of 21.95% and a significant improvement in cash flow from operating activities by over 79% [4] Strategic Planning - The company aims to leverage opportunities in the digital economy, focusing on internal growth and external acquisitions to enhance its core competencies [4] - Plans include strengthening project reserves, enhancing capital operations, and optimizing product structures to drive business transformation and quality improvement [4] Computational Power Business - The company has signed contracts for computational power services worth ¥330,860,400 and ¥51,697,584, with a total computational capacity of 1000P@FP16 [5] - The establishment of the Shenzhen Open Intelligent Computing Center is expected to bolster the company's position in the AI computational power market [5] Risk Management - The company is implementing multi-dimensional strategies and refined operations to ensure sustainable development amid intense competition in the computational power market [5] - Enhanced project management and risk control measures are in place, particularly for heavy asset projects like computational clusters [5]