Core Viewpoint - The company is undergoing a comprehensive transformation towards AI, with its Quchi platform serving as the foundational platform for AI development [1] Group 1: AI Transformation - The company has stated that its business will fully transition to AI, indicating a strategic shift in operations [1] - The Quchi platform has been developed as the base for AI applications, showcasing the company's commitment to integrating advanced technologies [1] Group 2: Industry Models - Industry-specific models such as the communication operation model and energy operation model have been launched and are currently operational, demonstrating practical applications of AI in various sectors [1] - Over a hundred AI agents have been developed based on the Quchi platform, highlighting the scale of AI integration within the company's offerings [1] Group 3: Growth Drivers - The application of AI technology is expected to become a significant driver for the company's sustained growth, indicating a focus on innovation and efficiency [1]

Core Viewpoint - The company is actively expanding its business in AI applications and computing power, while facing challenges such as declining net profit due to stock incentive costs and impairment losses [2][3]. Group 1: Financial and Operational Situation - The decline in net profit is primarily attributed to stock incentive costs and cautious impairment loss provisions. The company has a sufficient order backlog and will continue to focus on its main business to enhance profitability [2]. - The increase in liabilities during the first half of the year is due to strategic layout and business cycle impacts, with high initial investments in new business areas. The company expects to achieve a positive cash flow cycle as customer payments concentrate in the second half of the year [2]. - Accounts receivable are in a normal rolling state, with major clients being state-owned enterprises, which accounted for 84.85% of the client base as of June 2025, and payment collection is normal [2]. Group 2: Business Growth Highlights - The company's overseas business, primarily in Southeast Asia, experienced a year-on-year growth of 77.81% in the first half of the year. The company is fully transitioning towards AI, with industry models for communication and energy operations developed on the "Qushi" platform now operational [3]. - The company has developed over a hundred AI applications, indicating that AI technology will be a significant driver for sustained business growth [3]. Group 3: Other Business Related - In the computing power leasing sector, the company is promoting the construction of computing centers based on customer needs while ensuring legal compliance. The company is also actively pursuing research and development in cutting-edge technologies such as 6G [4]. - In the energy network sector, the company offers integrated services, with its renewable energy business covering wind, solar, and energy storage. The overseas renewable energy business has connected over 200 MW of renewable capacity [4].