Core Viewpoint - The company held a semi-annual performance briefing for 2025, addressing investor concerns regarding revenue growth in the vocational education sector, which was overshadowed by higher operating costs leading to a decline in gross margin [1][2]. Group 1: Performance Analysis - The company reported a year-on-year decline in performance for the first half of the year, attributed to three main factors: extended delivery cycles due to project acceptance processes, pressure on product pricing from client budget constraints, and increased depreciation expenses from capitalized investment projects [2]. - The gross margin experienced a slight decline year-on-year, influenced by intensified industry competition and changes in client funding and project proposals [2]. Group 2: Industry Response and Business Planning - In response to the AI wave, the company is adapting to changes in demand for vocational education and industry training by developing a "virtual simulation training engine + vocational education vertical model + data platform" system, which includes capabilities for lesson plan generation and training guidance [3]. - The company aims to enhance brand influence and meet customer needs through deep participation in industry-education integration and vocational skill competitions [3]. Group 3: Robotics Exploration and Investment Project Progress - The company is exploring the application of humanoid robots in business scenarios, with external procurement of robots for training demonstrations at national skill competitions [4]. - Investment projects are gradually generating benefits, improving product technology levels, although current revenue from these projects is low due to depreciation and amortization after capitalization [4].

| | □特定对象调研 | □分析师会议 | | --- | --- | --- | | 投资者关系活动 | □媒体采访 | √业绩说明会 | | 类别 | □新闻发布会 | □路演活动 | | | □现场参观 | □电话会议 | | | □其他： （请文字说明其他活动内容） | | | 参与单位名称 | 捷安高科2025年半年度业绩说明会采用网络远程方式进行，面向全体投 | | | 及人员姓名 | 资者 | | | 2025 时间 | 年 9 月 4 日 15:00-16:00 | | | 地点 | 深圳证券交易所"互动易平台"http://irm.cninfo.com.cn"云访谈"栏目 | | | 公司接待人员 | 董事、总经理：高志生先生 | | | | 董事、董事会秘书、副总经理：王建军先生 | | | 姓名 | 财务负责人：杨守和先生 | | | | 独立董事：秦超贤先生 | | | | 1.请问，公司客户行业中职业教育行业营收比去年增长了，但营业 | | | | 成本增长更高，毛利率下滑那么多，是什么原因造成的？ | | | | 答：投资者您好！因行业竞争加剧，同时受客户资金预算及项目方 | | ...