Core Viewpoint - The company, Dasan Intelligent, has secured a contract for the Xiaomi Wuhan Phase II smart project, valued at 23.869 million yuan, amidst a challenging financial environment marked by a significant decline in revenue and net profit [2][3][5]. Group 1: Project and Contract Details - Dasan Intelligent signed a contract with Mi Space Wuhan Information Technology Co., Ltd. for the Xiaomi Wuhan Phase II smart project, with a contract amount of 23.869 million yuan and a duration of 222 calendar days [2][3]. - The Xiaomi Wuhan Technology Park project covers an area of 143,000 square meters, including nine office buildings and three apartment buildings, aimed at research, production, and manufacturing of Xiaomi smart hardware products [3][4]. Group 2: Financial Performance - In the first half of 2025, Dasan Intelligent reported a revenue of 990 million yuan, a year-on-year decrease of 26.80%, and a net loss of 88.7633 million yuan compared to a profit of 9.3091 million yuan in the same period last year [5][6]. - The decline in revenue was attributed to fluctuations in industry demand and slower project implementation, leading to a decrease in signed contracts [5][6]. Group 3: Cost Management and Financial Strategy - To mitigate the adverse effects of declining revenue, Dasan Intelligent reduced its total expenses, including sales, management, R&D, and financial costs, which totaled 314 million yuan, down 6.12% from 335 million yuan in the previous year [5][6]. - The company's asset-liability ratio improved slightly to 62.03%, a decrease of 0.74 percentage points from the previous year [5]. Group 4: Innovation and Future Strategy - Dasan Intelligent is focusing on integrating AI technology with its self-developed IoT management platform, with the latest version, AIoT V7, launched on March 17, 2025 [6]. - The company reported a significant increase in the signing amount for AI-related IoT platform products, rising from 7.9668 million yuan to 25.0439 million yuan, a growth of 214.35% year-on-year [6]. - The company aims to enhance its market share in smart space products and services in Wuhan through the Xiaomi project and continues to prioritize technological innovation and risk management [4][7].

Core Viewpoint - The company experienced a significant decline in both revenue and net profit during the reporting period, primarily due to fluctuations in downstream industry demand and delays in project implementation [2][3][5] Financial Performance - The company's operating revenue for the reporting period was approximately 990.23 million yuan, a decrease of 26.8% compared to 1.35 billion yuan in the same period last year [2][3] - The net profit attributable to shareholders was -88.76 million yuan, representing a decline of 1,053.51% from a profit of 9.31 million yuan in the previous year [2][3] - The net profit after deducting non-recurring gains and losses was -116.05 million yuan, a decrease of 7,900.70% compared to -1.45 million yuan last year [2][3] - The basic and diluted earnings per share were both -0.0419 yuan, down 1,052.27% from 0.0044 yuan [2][3] - The total assets at the end of the reporting period were approximately 9.09 billion yuan, a decrease of 5.63% from 9.64 billion yuan at the end of the previous year [2][3] Cost Management - The company implemented cost control measures, resulting in a 6.12% reduction in total expenses, which amounted to 314 million yuan compared to 335 million yuan in the previous year [2][3] - The asset-liability ratio improved slightly to 62.03%, down from 62.77% in the same period last year [2][3] Product Development - The company enhanced its R&D efforts, launching the AIoT V7 version of its smart IoT management platform, which integrates AI technology [3][4] - The new version includes additional generative AI applications, expanding its capabilities beyond previous versions [3][4] - Revenue from AIoT platform products increased by 24.77%, rising from 10.87 million yuan to 13.56 million yuan year-on-year [3][4] International Expansion - The company achieved overseas business revenue exceeding 1 million yuan, totaling 2.14 million yuan during the reporting period [4] - To mitigate risks associated with PPP projects, the company negotiated with local governments to terminate PPP project cooperation and transfer subsidiary equity [4] Future Outlook - Despite the challenges faced, the company remains committed to its strategic positioning of providing lifecycle smart space services based on its self-developed IoT management platform [5] - The company aims to continue strengthening its technology innovations related to AI applications and optimizing its business structure to achieve high-quality growth [5]