Group 1 - The company expects a net loss of 9 million to 12 million RMB for the current reporting period, compared to a profit of 15.56 million RMB in the same period last year [1] - The expected loss for net profit attributable to shareholders, after deducting non-recurring gains and losses, is between 18 million to 21 million RMB, down from a profit of 2.61 million RMB in the previous year [1] - Basic earnings per share are projected to be a loss of 0.05 to 0.07 RMB per share, compared to earnings of 0.09 RMB per share last year [1] Group 2 - The company is focusing on the smart transportation sector, developing various business clusters including ETC, vehicle-road cloud, automotive electronics, digital energy, low-altitude network connectivity, smart IoT, and digital monitoring [2] - The competitive landscape in the industry has intensified, leading to significant price declines for some products, which has pressured the overall gross margin and contributed to the decline in company performance [2] - The company aims to adhere to its traffic mission of "zero deaths, zero accidents, zero congestion, and zero carbon" while advancing along its strategic development path in vehicle-road collaboration and intelligent transportation systems [2]

Group 1: Industry Outlook - The smart transportation industry is experiencing strong growth driven by national policies, technological advancements, and market demand [2] - The integration of ETC and C-V2X technologies is accelerating the development of smart transportation [2] - The digital transformation of traffic infrastructure supports the construction of a strong transportation nation [2] Group 2: Company Performance - In 2024, the company achieved a revenue of 7,875.48 million yuan, a year-on-year increase of 16.39% [3] - The net profit attributable to shareholders reached 5.96 million yuan, reflecting a year-on-year growth of 59.69% [3] - The company’s first-quarter net profit in 2025 declined due to increased R&D expenses and reduced financial income from changes in monetary policy [4] Group 3: Strategic Initiatives - The company aims to leverage its dual capabilities in "transportation + IT" to enhance its service offerings in various sectors, including vehicle-road-cloud integration and digital energy [5] - The focus will be on deepening domestic market engagement while actively exploring international opportunities for growth [5] - The company plans to build an efficient and flexible market operation system to improve response speed and service quality [5] Group 4: Management and Compensation - The compensation for directors and senior management is structured around a base salary, performance salary, bonuses, and long-term incentives [6] - The company follows a market-oriented principle in its compensation strategy, aiming to enhance talent competitiveness [7]