Company Performance - In the first half of 2025, the company achieved total operating revenue of 70.37 million yuan, a year-on-year increase of 50.66% [2] - The net profit attributable to shareholders was a loss of 7.15 million yuan, an improvement of 23.52% compared to a loss of 9.34 million yuan in the same period of 2024 [2] - The net profit loss after deducting non-recurring gains and losses decreased from 10.21 million yuan to 9.27 million yuan [2] - In Q2 2025, the operating revenue reached 54.20 million yuan, a year-on-year growth of 72.19%, with a net profit loss of 913,900 yuan, significantly reduced from a loss of 2.95 million yuan in Q2 2024 [2] Financial Metrics - The gross profit margin for the first half of 2025 was 46.07%, an increase of 14.98 percentage points from 31.09% in the same period of 2024 [2] - The asset-liability ratio stood at 20.94%, a decrease of 1.31 percentage points compared to the end of the previous year [2] - Research and development investment reached 17.52 million yuan, accounting for 25% of operating revenue, surpassing the total R&D investment of 16.48 million yuan for the entire year of 2024, marking a historical high [2] Business Focus and Strategy - The company specializes in spatiotemporal information technology services, focusing on the construction of digital infrastructure, visualization applications, and smart applications in various industries [4] - Since 2025, the company has been steadily deepening its domestic market while accelerating its international layout and enhancing R&D innovation in spatiotemporal information technology [4] Service Expansion and Innovation - The company has expanded its service capabilities in land planning, forestry planning, and energy project land approval, while actively exploring applications in urban safety monitoring, environmental monitoring, and disaster response [5] - Technological innovations include breakthroughs in geographic information multi-modal model integration and the use of XR technology for diverse presentations of spatiotemporal information [5] - The company is enhancing its global market presence, particularly in Hong Kong, and is exploring various business scenarios for spatiotemporal information services [5] Industry Overview - The global digitalization trend is accelerating, with the spatiotemporal information industry experiencing rapid integration and development [6] - According to a report, the market size of China's spatial information industry reached 851.9 billion yuan in 2024, driven by advancements in cloud computing, big data, IoT, and AI technologies [6]

Core Insights - The company focuses on spatial information technology services, providing products and technical services for smart city construction, natural resource management, energy development, and low-altitude economy [2][4][20] - The company has achieved significant international business breakthroughs, establishing over 20 subsidiaries globally and winning a project with the Hong Kong Lands Department [2][3][41] - The company has a strong commitment to R&D, with over 100 patents and certifications, including CMMI Level 5 and DCMM "Robust Level" [2][11][12] Company Overview - Shaanxi Tianrun Technology Co., Ltd. specializes in spatial information infrastructure, integrating satellite remote sensing, aerial remote sensing, and AI technologies to provide geographic information services [4][5] - The company has received multiple awards, including the Shaanxi Province Science and Technology Progress Award and the Measurement Science and Technology Award [4][5] Financial Performance - Since its listing in June 2022, the company has consistently paid dividends, totaling 15.5688 million yuan from 2022 to 2024, with cash dividend ratios of 64.8% and 63.65% in 2023 and 2024, respectively [3][48] - In 2024, the company reported a revenue of 178.5061 million yuan, a year-on-year increase of 14.95%, and a net profit of 5.8329 million yuan, reflecting a growth in profitability [47] Market Trends - The spatial information industry is expected to reach a market size of 1.1 trillion yuan by 2025, driven by the increasing demand for digital transformation and smart city applications [21][24] - The company aims to leverage policy support and technological advancements to expand its market presence in various sectors, including smart cities, intelligent transportation, and low-altitude economy [20][27] Competitive Advantages - The company has established a comprehensive qualification barrier with top industry certifications, enabling it to cover various fields such as natural resource management and high-precision 3D services [16][18] - The company is actively exploring mergers and acquisitions to enhance its core competitiveness and expand its market reach [45][46] Future Development - The company plans to deepen its domestic market presence while accelerating international expansion, optimizing its customer structure, and enhancing its product offerings [20][36] - The company is committed to increasing R&D investment, with a focus on developing innovative solutions in spatial information and AI technologies [42][43]

Group 1: Investor Relations Activities - The company participated in a broker strategy meeting from June 17 to June 18, 2025, at the Ritz-Carlton Hotel in Beijing, with various financial institutions attending [3][4]. Group 2: Core Business Directions - The company focuses on remote sensing and geographic information data services, including spatial information system development and integration [4]. - Key business areas include: - Construction of spatiotemporal information infrastructure for smart city development and resource management [4]. - Application of remote sensing technology for natural resource monitoring and disaster warning [4]. - Development of high-precision 3D models and digital twin services [4]. - Integration of digital and physical applications in cultural heritage protection and virtual reality [4]. - Cloud platform services for various industries [4][5]. Group 3: R&D Innovations - In 2024, the company enhanced remote sensing applications and digital twin technology, adding over 300 city data sets to its information model platform [5]. - The company upgraded its multi-source remote sensing interpretation platform, improving accuracy and application levels [5]. - New products include an intelligent pipeline inspection system, contributing to smart city and cultural tourism applications [5][6]. Group 4: Long-term Business Development Plans - The company aims to strengthen its business through: - Expanding spatiotemporal information infrastructure and cloud service platforms [6]. - Deepening the remote sensing industry chain and forming strategic partnerships [6]. - Building a smart application ecosystem for various sectors [6]. - Exploring innovative applications for individual users, such as AR navigation and online tourism [7]. Group 5: Market Expansion Strategies - The company plans to optimize its customer structure and focus on sectors like aerospace, energy, and emergency services [7]. - It aims to establish a nationwide service network and enhance localized service capabilities [7]. - Internationally, the company will leverage its Hong Kong location to promote global applications of spatiotemporal information technology [7]. Group 6: Future R&D Directions - The company will focus on: - Enhancing multi-source remote sensing data integration and analysis capabilities [8]. - Applying AI in remote sensing image interpretation [8]. - Advancing digital twin technology for urban planning and disaster management [8]. - Exploring digital content industry development for various sectors [8]. Group 7: Industry Development Status - The spatiotemporal information industry is growing, driven by policy support and technological advancements, with increasing demand in smart cities and low-altitude economies [6][8].

Core Viewpoint - Tianrun Technology (430564.BJ) reported a revenue of 179 million yuan for 2024, marking a year-on-year growth of 14.95%, with a net profit attributable to shareholders of 5.83 million yuan, up 1.43% year-on-year, and a significant increase in non-recurring net profit by 121.18% to 1.53 million yuan, indicating a notable improvement in the profitability of its main business [1] Group 1: Financial Performance - The company achieved a gross margin increase of 9.31 percentage points to 34.98% [1] - R&D expenditure reached 16.48 million yuan, with an R&D intensity of 9.23% [3] Group 2: Business Focus and Development - Tianrun Technology focuses on digital economy, data elements, artificial intelligence, and aerospace remote sensing, providing services in spatial information system development and integration for various sectors including smart city construction and natural resource management [1] - The company has established a comprehensive service system for the spatial information industry chain, leveraging technologies such as satellite remote sensing, aerial remote sensing, and digital twin [1] Group 3: Technological Advancements - The company has made significant R&D investments in remote sensing applications, artificial intelligence, and digital twins, resulting in the development of a cloud platform for managing real-world 3D models [3] - Tianrun Technology has obtained over 100 various intellectual property rights and participated in the formulation of multiple national and industry standards [2] Group 4: Market Expansion and Future Plans - The company is strengthening its international presence, with Hong Kong becoming a key market, and has upgraded its Hong Kong office to a subsidiary [3] - For 2025, the company aims to deepen its digital field layout, enhance technology transfer, expand international markets, and optimize risk control systems to achieve high-quality development [3]

Financial Performance - In 2024, the company achieved operating revenue of 179 million yuan, a year-on-year increase of 14.95% [2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 5.83 million yuan, up 1.43% year-on-year [2] - The net profit attributable to the parent company after deducting non-recurring gains and losses reached 1.53 million yuan, marking a significant year-on-year increase of 121.18%, the highest growth rate since 2012 [2] - The net cash flow from operating activities turned positive, increasing by 104.38% year-on-year [2] Dividend Distribution - The company announced a dividend distribution plan, proposing a cash dividend of 0.50 yuan (tax included) for every 10 shares, totaling approximately 3.72 million yuan [4] - Additionally, the company plans to increase capital by issuing 2 shares for every 10 shares held, resulting in a total of 14.88 million shares to be distributed [4] Industry Position and Advantages - The company is a professional service provider in the spatiotemporal information technology sector, integrating various technologies such as satellite remote sensing and AI remote interpretation [5] - It holds comprehensive qualifications and licenses necessary for operating in a sensitive information industry, including top-level surveying qualifications and various certifications [5] - The spatiotemporal information industry in China reached a total output value of 811.1 billion yuan in 2023, with a year-on-year growth of 4.2% and a compound annual growth rate of 12.1% over the past decade [6] Strategic Support and Development - The industry is supported by national strategies, with recent policies aimed at enhancing data resource circulation and promoting digital and green transformation [7] - The Ministry of Natural Resources has introduced measures to optimize surveying processes and improve service quality, which will drive technological innovation in the spatiotemporal information sector [7] Technological and Brand Strength - The company has a strong research and development capability, with significant investments in areas such as remote sensing applications and artificial intelligence [8] - It has received multiple awards and recognitions, enhancing its brand reputation and industry standing [8] Market Opportunities and Order Backlog - The company is actively expanding its market presence, with a focus on digital economy opportunities and a robust order backlog [9] - It aims to strengthen its technological innovation and cost reduction efforts, leading to improved profitability and revenue growth [9]