Financial Performance - In the first half of 2025, the company's revenue was 121,496,561 yuan, a decrease of 76.4% year-on-year [2][3] - The net loss attributable to shareholders was 320,979,842.85 yuan, an increase in loss of 369.14% compared to the same period last year [2][3] - The net loss after deducting non-recurring gains and losses was 323,588,730.68 yuan, with an increase in loss of 370.16% year-on-year [2][3] - As of the end of the reporting period, total assets were 5,601,077,804.09 yuan, down 5.46% year-on-year [2][3] - The net assets attributable to shareholders were 2,899,482,299.82 yuan, a decrease of 9.97% compared to the previous year [2][3] Business Overview - The company's main business involves two key areas in smart city development: social governance and services for digital grassroots government, and project construction and services in smart city subfields, including smart transportation and smart health [2] - The "Yinjiang City Brain" utilizes big data, artificial intelligence, and IoT technologies, structured around a system architecture of "1+1+N+1" to meet both vertical industry management needs and horizontal cross-departmental business requirements [4][5] - In the smart transportation sector, the company implemented pilot projects that improved traffic efficiency by over 15% at key intersections through real-time data analysis and dynamic signal optimization [4] - In the smart health sector, the company developed several data products that successfully entered the "Zhejiang Data Exchange" and "Shanghai Data Exchange," exploring the application value of health data [4] - The company focused on projects such as the Urumqi City Mi Dong District's complaint handling and the second phase of the Shaoxing City Brain during the reporting period [4]

Group 1: Financial Performance - The company's main business revenue decreased significantly in 2024 due to being under delisting risk warning and restricted bank accounts, with government procurement projects affected by local fiscal issues leading to delayed payments [2][3] - The net profit for 2024 saw a substantial decline, primarily due to decreased revenue and gross profit, along with increased credit impairment losses and asset impairment [3][5] - The first quarter revenue dropped by 87% year-on-year, influenced by macroeconomic conditions and the delisting risk warning [5][6] Group 2: Recovery Strategies - The company plans to enhance operational efficiency and improve business quality and scale to recover and boost main business revenue [2][3] - Strategies include independent and joint development to strengthen core competitiveness [3][4] - The management is focused on increasing project revenue and quality, improving project timelines, and reducing payment cycles to enhance cash flow [3][4] Group 3: Future Outlook - The company has applied to revoke the delisting risk warning, having met the conditions as per the listing rules, although approval remains uncertain [3][4] - The management expresses confidence in the company's future development, emphasizing its core strategy as a "digital city construction and operation service provider" [6][6] - The company aims to leverage its strengths in the "City Brain 3.0" initiative to enhance smart city governance [4][6] Group 4: Shareholder Engagement - The company has received inquiries regarding share buyback plans, indicating that such decisions will depend on policies, market conditions, and development plans [3][4] - As of December 31, 2024, the company holds a total of 251 patents, including 234 invention patents and 1,215 software copyrights [4][5]