Core Viewpoint - The company, Jiadu Technology, plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its competitiveness and accelerate international expansion [1] Group 1: Company Overview - Jiadu Technology operates in the software development industry, focusing on intelligent construction for rail transit and ICT products and services [1] - The company has contributed to the construction of smart subway lines and stations, with its intelligent rail transit products deployed in 46 cities, over 100 lines, and more than 2,200 subway stations, covering over 3,900 kilometers [1] Group 2: Financial Performance - In the first quarter of 2025, the company reported revenue of 2.254 billion yuan, a year-on-year increase of 106.26%, and a net profit attributable to shareholders of 120 million yuan, marking a turnaround from losses [1] - For the first half of 2025, the company achieved revenue of 4.919 billion yuan, a year-on-year growth of 65.22%, with a net profit of 135 million yuan, also indicating a turnaround [2] Group 3: Research and Development - The company has consistently invested in R&D, with cumulative expenses reaching 1.268 billion yuan from 2020 to the first half of 2025 [2] - Recent innovations include the release of several new products such as the AI Intelligent Control Platform and the "Traffic Jiahong" operating system, which addresses key needs in the transportation sector [2] Group 4: Strategic Collaborations - The company has embraced collaboration with DeepSeek, integrating various products into the DeepSeek ecosystem, enhancing the efficiency of its large model training by over 150% compared to early 2024 [3]

Core Viewpoint - The company reported significant growth in Q1 2025, with a revenue increase of 106.26% year-on-year, achieving 2.254 billion yuan, and turning a profit with a net profit of 120 million yuan, compared to a loss in the previous year [1] Group 1: Financial Performance - The company achieved a revenue of 2.254 billion yuan in Q1 2025, marking a year-on-year increase of 106.26% [1] - The net profit attributable to shareholders was 120 million yuan, indicating a turnaround from a loss in the previous year [1] - The net profit excluding non-recurring items was 10 million yuan, also showing a recovery from a loss [1] Group 2: Business Development - The revenue growth was primarily driven by the completion and delivery of smart rail transit projects in cities such as Guangzhou, Chengdu, Dongguan, Wuhan, and Ningbo [1] - The company has established a comprehensive business layout across the entire industry chain, with smart rail transit products implemented in 46 cities, over 100 lines, and more than 2,200 metro stations, covering a service mileage of over 3,900 kilometers [1] Group 3: Product Innovation - The company launched several new products in 2025, including the AI Signal Control Intelligent Platform and the Cloud Hub Intelligent Networked Spatiotemporal Data Empowerment Platform [2] - The AI Signal Control Intelligent Platform utilizes spatiotemporal decision-making models for precise traffic indicator predictions, enhancing urban traffic signal control [2] - The "Traffic Jiahong" operating system, based on OpenHarmony and openEuler, addresses issues in urban traffic systems, enabling comprehensive connectivity and smart transformation in the transportation sector [3] Group 4: Technological Advancements - The company is focusing on the development of large model technologies, aiming to enhance training efficiency by over 150% compared to early 2024 [4] - The collaboration with DeepSeek is aimed at integrating large model applications in urban rail and police sectors, enhancing operational efficiency and innovation [3][4] - The company is committed to exploring new application opportunities for AI large model technologies in finance, transportation, and energy sectors to foster long-term growth [4]

Meeting Overview - The company held a Q1 2025 earnings presentation on May 26, 2025, from 16:00 to 17:00 at the Shanghai Stock Exchange Roadshow Center [1][2] - Key executives including the Chairman and CEO Liu Wei, CFO Mo Xiuchun, and independent director Lai Jianhuang participated in the meeting [2] Financial Performance - The company reported a revenue of 2.254 billion yuan, a year-on-year increase of 106.26% [2] - The net profit attributable to shareholders was 120 million yuan, marking a return to profitability [2] - The net profit excluding non-recurring gains and losses was 10.34 million yuan, also indicating a return to profitability [2] New Product Launches - The company introduced several new products, including the AI Traffic Control Intelligent Agent Platform and the Cloud Hub Intelligent Connected Data Empowerment Platform [2][3] - The AI Traffic Control Intelligent Agent Platform enhances urban traffic signal control through precise traffic indicator predictions [3] - The Cloud Hub platform integrates various traffic data sources to support comprehensive traffic operation metrics [3] Collaboration with Deepseek - The company has integrated its products with Deepseek, enhancing its AI capabilities in the transportation sector [4] - The training efficiency of the Zhixing large model has improved by over 150% compared to early 2024 [4] - The company plans to further strengthen its core competitiveness in the AI and transportation sectors [4] Progress in Rail Transit - The company’s smart rail transit product line includes core products for network command centers and smart stations [5] - The company has participated in the construction of smart subway lines and stations across 46 cities globally, covering over 2,200 subway stations [5] - The revenue growth in the rail transit sector is attributed to the successful completion of smart transportation projects in cities like Guangzhou and Chengdu [5]