Core Viewpoint - The 8th China International Import Expo (CIIE) showcases cutting-edge technology and innovation, with Haiding presenting its AI solutions to drive intelligent transformation in the global retail industry [1][12]. Group 1: Haiding's AI Solutions - Haiding highlights three key solutions: Haiding Intelligent Platform (HAI), AI Inspection, and Smart Replenishment, demonstrating its strong innovation capabilities and forward-looking strategies in AI technology and retail applications [3][10]. - The Haiding Intelligent Platform serves as the core hub for smart operations, integrating various advanced functions such as intelligent querying, smart shopping guidance, and intelligent inspection, enabling effective data governance and deep integration of intelligent capabilities with business systems [5][9]. Group 2: Intelligent Querying - Intelligent querying is designed for common data inquiry scenarios in retail, allowing users to perform natural language queries without needing specialized data analysis knowledge, thus significantly improving work efficiency [6]. Group 3: Smart Shopping Guidance - Smart shopping guidance utilizes big data analysis and AI algorithms to understand consumer habits and preferences, providing personalized product recommendations and enhancing the shopping experience through interactive communication [6][7]. Group 4: Intelligent Inspection - Intelligent inspection automates and smartens the display management process in retail stores, allowing for efficient evaluation and feedback through AI, which reduces labor costs and improves the quality of display management [7][9]. Group 5: AI-Powered Inspection - The AI-powered inspection system enhances store management by automatically identifying various anomalies in daily operations, significantly improving inspection efficiency and reducing response time to issues [9]. Group 6: Smart Replenishment - Smart replenishment addresses inventory management challenges by leveraging AI algorithms to analyze historical sales data and market trends, leading to improved inventory turnover rates and reduced operational costs [10]. Group 7: Industry Impact - The CIIE serves as a platform for global retail innovation, with Haiding actively participating to expand its international presence and promote the deep application of AI technology in the retail sector [12].

Summary of Poly Property Conference Call Company Overview - **Company**: Poly Property - **Industry**: Property Management Key Points and Arguments Strategic Approach - Poly Property adopts a strategic follow-up approach, introducing mature technologies to optimize management systems and operations, such as digital command centers and seamless access, positively impacting the property management industry [2][4] Market Positioning - The company positions itself in the mid-to-high-end residential market, expanding into public facilities and state-owned commercial projects while focusing on quality residential projects [2][5] Financial Performance - Accounts receivable are well-controlled, with an expected balance of approximately 2.9 billion in 2024 and operating cash flow exceeding 2.3 billion, covering net profit by more than 1.5 times [2][6] - The company anticipates a 5% growth in revenue and net profit attributable to shareholders in 2025, driven primarily by basic property management [3][19] Non-Residential Services - Non-residential value-added services have declined due to the real estate cycle, but segments like labor services and commercial office management have seen improvements [2][7] - The company has achieved advantages in the non-residential sector by focusing on core cities, key sectors, and quality clients while enhancing collection management [2][8] Risk Management - Poly Property has actively cleared risky projects, achieving a collection rate exceeding 85% in 2024 [2][9] Community Value-Added Services - The company focuses on home services and asset management within community value-added services, identifying opportunities in home renovation and community convenience consumption [2][10] Cash Reserves and Acquisition Plans - The company holds 10 billion in cash, primarily intended for acquisitions, with a focus on residential and state-owned enterprises [2][12] Expansion and Project Quality - In the first half of 2025, the company expanded its projects mainly in public facilities and state-owned commercial sectors, with residential projects accounting for about 10% [3][13] Competitive Strategy - Poly Property leverages its advantages in the convenience consumption sector, focusing on nurturing suitable business opportunities rather than competing directly with strong players [11] Future Growth Expectations - The company expects revenue growth of 5% in 2025, with core property management as the main driver, while non-owner value-added services are expected to decline slightly [19][20] Urban Renewal Opportunities - The company sees urban renewal as a significant growth opportunity, actively exploring projects while ensuring profitability and manageable collection risks [21] Additional Important Insights - The company emphasizes the importance of technology in reducing costs and improving operational efficiency in property management [4] - Despite pressures in the real estate market, the company maintains a positive outlook on the demand for quality services, indicating that premium pricing remains viable [5] - The company is committed to providing sustainable returns to investors, with a potential increase in dividend payout ratios in the future [18]