Core Viewpoint - The company, Pinming Technology, is experiencing significant growth in its performance due to continuous optimization of its business structure, particularly in the architectural information software sector, which is expected to drive substantial profit increases in the first half of 2025 [1][2]. Financial Performance - The company forecasts a net profit attributable to shareholders of between 28 million to 34 million yuan for the first half of 2025, representing a year-on-year increase of 231.79% to 302.89% [1][2]. - The net profit after deducting non-recurring gains and losses is expected to be between 23.3 million to 29.3 million yuan, showing a remarkable growth of 606.77% to 788.77% [1][2]. Business Structure and Strategy - The architectural information software business, which includes digital cost management and construction software, has a long-term gross margin exceeding 90% [3]. - In 2024, this segment generated 244 million yuan in revenue, accounting for 54.54% of total revenue, with a year-on-year growth of 11.98% [3]. - The company is focusing on optimizing its personnel structure and controlling costs, leading to a decrease in both research and development expenses and sales expenses [2][3]. Market Expansion and Collaboration - The company is actively expanding its software business beyond Zhejiang province, aiming for a more balanced national business layout [4]. - It has established collaborations with major state-owned enterprises in the construction sector, enhancing its customer base [3]. Technological Innovation - The company is integrating AI technology into its products, such as AI intelligent pricing and AI one-click modeling, which significantly enhances product competitiveness [5]. - In 2024, the company allocated 113 million yuan to R&D, accounting for 25.32% of its revenue, and has accumulated a total of 60 patents and 336 software copyrights [5].