Group 1 - The company, Dasan Intelligent, has signed a contract worth 23.869 million RMB with Mi Space Wuhan Information Technology Co., Ltd. for the Xiaomi Wuhan Phase II smart project, marking a significant achievement in the smart space service sector and strengthening its market position in Central China [2][3] - The Xiaomi Wuhan Technology Park project covers an area of 143,000 square meters and includes various facilities such as office buildings, apartments, and data centers, aimed at creating a large R&D center focused on smart manufacturing and digital economy [2][4] - Dasan Intelligent will leverage its extensive experience in IoT and AI-based smart space solutions to provide a comprehensive suite of systems for the project, including information release systems, video surveillance, access control, and energy management [2][3] Group 2 - The company aims to become a global leader in smart space services, with a vision of "Smart Million Spaces, Warm Billion Users," and has implemented smart building solutions across 30 provincial-level administrative regions and over 3,000 projects in China [3] - The national government emphasizes the importance of digital platforms for enterprise parks, viewing them as crucial for industrial transformation and high-quality economic development, which aligns with Dasan Intelligent's strategic focus [4] - Although the contract amount represents only 0.75% of Dasan Intelligent's audited revenue for 2024, it is expected to positively impact the company's market share in the enterprise park sector and reflects its commitment to supporting digital transformation through innovative technologies [4]

Core Viewpoint - The company, Dasan Intelligent, has signed an agreement with Xiaomi's subsidiary, Mi Space Wuhan Information Technology Co., Ltd., to undertake the smart project for Xiaomi's Wuhan Phase II, with a contract value of 23.869 million yuan, accounting for 0.75% of the audited revenue for 2024 [2] Group 1: Project Details - The Xiaomi Wuhan Technology Park covers an area of 143,000 square meters, including 9 office buildings and 3 apartment buildings, designed for various functions such as R&D, production, and manufacturing of Xiaomi smart hardware products [2] - The smart project includes a comprehensive solution with multiple subsystems such as information release systems, meeting room reservation systems, video surveillance systems, access control systems, intrusion alarm systems, smart locks, visitor management systems, and parking management systems, with a contract duration of 222 calendar days [2] Group 2: Market Position and Performance - Dasan Intelligent aims to establish a benchmark for smart space services in enterprise parks in Wuhan, which will positively impact its market share in this sector, although it will not significantly affect profits [2] - The company has previously collaborated with Xiaomi, having announced the undertaking of Xiaomi's Shenzhen International Headquarters smart project in May 2024, with a contract value of 10.82 million yuan [2] - Dasan Intelligent has positioned itself as a smart space service provider, leveraging its self-developed AIoT smart IoT management platform across various sectors, including enterprise parks, hospitals, and data centers, serving over 3,000 projects nationwide [3] Group 3: Financial Performance and Expansion - The company's performance in the first half of the year was under pressure due to fluctuations in downstream industry demand and delays in the implementation of signed projects [3] - Dasan Intelligent's overseas business has begun to expand, with overseas revenue exceeding 1 million yuan for the first time, primarily in Southeast Asia and the Middle East [3] - The company has established a wholly-owned subsidiary in Malaysia and is preparing to set up another in Saudi Arabia, with three main strategies for overseas market expansion: following Chinese enterprises abroad, establishing local subsidiaries, and collaborating with ecosystem partners [3]

龙岗街道龙腾九年一贯制学校项目是龙岗区高品质校园建设计划的重要组成部分，达实智能将为其提供 包括视频监控、建筑能效监管等系统的智慧解决方案，助力打造绿色智慧校园。该项目响应了国家加快 推进教育数字化的政策导向，为公司在智慧校园领域拓展市场、树立标杆奠定了坚实基础。 近年来，达实智能基于AIoT平台，在企业园区、医院、城市轨道交通等多个领域布局，服务覆盖全国 30个省级行政区、200多个城市的3000多个项目。此次双项目签约，既是公司技术实力与市场认可度的 体现，也将进一步提升其在相关领域的市场占有率。尽管项目合同金额占公司2024年营收比例不高，但 长远来看，有利于公司持续以创新驱动为智慧建筑行业赋能，对未来业绩增长产生积极影响。 达实智能正以稳健的步伐践行"智慧百万空间、温暖亿万用户"的愿景，随着各项业务的推进，其未来经 营形势值得期待。 （文章来源：证券日报） 近日，深圳达实智能股份有限公司（以下简称"达实智能"）接连传来喜讯，先后签署前海深港青年梦工 场南区智能化项目与龙岗街道龙腾九年一贯制学校智能化项目合同，合同金额分别为2777.89万元和 1136.57万元，彰显了公司在智慧空间服务领域的强劲实力 ...

达实智能（002421.SZ）9月11日在投资者互动平台表示，公司在轨道交通项目中采购过甲骨文相关产 品，双方共同为用户提供智能化与节能服务，提升空间运行效率和智慧化水平。甲骨文在数据库、云计 算等领域具有领先优势，达实智能在AIoT智能物联网管控平台、智慧空间应用系统等方面积累深厚， 双方在一定程度上能优势互补、协同推进。 公司向甲骨文采购产品的金额较小，对公司经营不构成重 大影响。未来业务合作将受到政策导向、市场环境等多重因素影响，存在一定的不确定性。敬请广大投 资者理性判断，注意投资风险。 （记者 张明双） 每经AI快讯，有投资者在投资者互动平台提问：达实智能与甲骨文有没有合作？ ...

Core Insights - The company has announced a significant restructuring of its core management team, including the positions of General Manager, Board Secretary, and Chief Financial Officer, to enhance governance and align with its "AI+IoT" strategy for 2030 [1][2][3] Management Restructuring - The founder Liu Pang will no longer serve as General Manager but will focus on corporate culture and long-term strategic planning as Chairman, allowing for a macro perspective on company direction [1][2] - Su Junfeng, a core member of the founding team, will take over as General Manager, bringing extensive industry experience and a deep understanding of business operations [1][3] - The new management team is characterized by a younger and more professional profile, with key positions filled by individuals with relevant technical and financial backgrounds [3] Governance Structure - The restructuring establishes a clear separation between the roles of Chairman and General Manager, aligning with modern corporate governance principles of decision-making and execution separation [2] - Liu Pang will focus on long-term strategic direction and cultural development, while Su Junfeng will manage day-to-day operations and efficiency [2] Strategic Focus - The company has set a clear development strategy towards 2030, centered on an AIoT smart IoT control platform, aiming to provide comprehensive smart space solutions [3] - The management changes are seen as a necessary organizational upgrade to support the implementation of this strategic vision [3] - Analysts suggest that the combination of governance efficiency, a younger and more innovative team, and the mentorship of former executives will facilitate smoother transitions and enhance the company's capabilities in the smart IoT sector [3]

Core Viewpoint - The company has signed a contract worth 122 million yuan with Hong Kong MTR Corporation and China Railway Electrification for the procurement of a comprehensive monitoring system for the Shenzhen Urban Rail Transit Line 13 Phase II project, which is expected to positively impact the company's future net profit [1] Group 1 - The contract amount for the project is 122 million yuan [1] - The project will utilize the company's self-developed AIoT intelligent IoT control platform [1] - The solution provided will be for the overall smart transportation system for both the northern and southern extensions of Shenzhen Urban Rail Transit Line 13 [1]

Project Overview - Shenzhen Dashi Intelligent Co., Ltd. has won a bid for the procurement project of the comprehensive monitoring system for the second phase of Shenzhen Metro Line 13, with a bid amount of 122 million yuan [1][5] - The project includes two parts: a south extension of approximately 4.1 km with 3 stations and a north extension of 19.25 km with 11 stations, including 5 transfer stations [1] Company and Counterparty Information - The counterparty, Hong Kong Railway Co., Ltd., operates the project and has a good credit standing, with no risks related to performance capability or payment ability [3] - The company has a history of transactions with the counterparty, with amounts of 10.01 million yuan, 30.03 million yuan, 35.03 million yuan, and 10.01 million yuan from 2022 to 2025, representing 2.09%, 5.75%, 6.26%, and 2.09% of the company's similar business revenue respectively [3] Impact on the Company - The project aligns with the company's vision of becoming a global leader in smart space services, utilizing its self-developed AIoT intelligent IoT control platform [3] - This project marks a continuation of the company's long-term cooperation with Hong Kong Railway, reflecting the owner's recognition of the company's comprehensive strength and service level in the rail transit field [3] Technological Integration - The project will utilize the company's AIoT platform, integrating technologies such as 5G/WIFI6, cloud computing, big data, and industrial IoT [4] - The design will focus on modularity, standardization, and service orientation, providing customized scenarios and emergency response capabilities [4] Financial Implications - The project amount of 121,600,866 yuan accounts for 3.83% of the company's audited revenue for 2024, and is expected to positively impact the company's net profit in future years [5]

Group 1 - The core viewpoint of the article highlights that Shenzhen Das Intelligent Co., Ltd. has received an A-level rating from Wind ESG, with its comprehensive score rising from 6.18 in 2024 to 7.33, reflecting its significant achievements in the ESG field [2][3] - In the environmental dimension, the company has made notable advancements in green technology innovation and application, including the construction of the first "dual standard, three certifications" super high-rise smart green building in China, which is also the first carbon-neutral building in Shenzhen [2] - As of the end of 2023, the company has provided energy-saving solutions for over 500 buildings nationwide, resulting in a cumulative electricity savings of 1.31 billion kWh and a reduction of approximately 1.305 million tons of carbon dioxide emissions, which strongly supports its environmental score increase [2] Group 2 - The company actively participates in the construction of carbon reduction policy mechanisms, leading the development of the "Shenzhen Efficient Refrigeration Room Carbon Inclusive Methodology" in collaboration with various institutions, aimed at promoting energy-saving and carbon reduction renovations among building owners [2] - The company initiated the "Das Intelligent Building Tenant Carbon Neutrality Invitation," collaborating with five resident enterprises to build a carbon-neutral office ecosystem, exploring sustainable practices and expanding the scope of ESG concepts [3] - In terms of corporate governance, the company adheres to the principles of "long-termism" and "sustainable development," continuously improving its ESG strategic layout and execution system, establishing a scientific, standardized, systematic, and effective ESG governance structure [3]

Overview of Operating Performance - The company reported total revenue of 3.171 billion yuan in 2024, a year-on-year decrease of 17.28% [1] - The net profit attributable to shareholders was 25.8812 million yuan, down 77.45% year-on-year [1] - The net profit after deducting non-recurring items was 1.5955 million yuan, a decline of 97.85% year-on-year [1] - In Q4, total revenue was 1.025 billion yuan, a decrease of 7.26% year-on-year [1] - The net profit for Q4 was -22.1067 million yuan, a decline of 358.85% year-on-year [1] - The net profit after deducting non-recurring items for Q4 was -32.1308 million yuan, down 198.99% year-on-year [1] Key Financial Indicators - The gross profit margin increased to 27.47%, up 15.0% year-on-year [2] - The net profit margin was only 0.67%, a decrease of 77.1% year-on-year [2] - Total selling, administrative, and financial expenses amounted to 662 million yuan, accounting for 20.87% of revenue, an increase of 26.8% year-on-year [2] Assets and Liabilities - Accounts receivable rose significantly to 1.882 billion yuan, an increase of 36.16% year-on-year [3] - Interest-bearing liabilities reached 3.328 billion yuan, up 11.30% year-on-year [3] - Cash and cash equivalents were 1.599 billion yuan, an increase of 1.90% year-on-year [3] Per Share Metrics - The net asset per share was 1.6 yuan, a decrease of 0.58% year-on-year [4] - Earnings per share were 0.01 yuan, down 77.82% year-on-year [4] - Operating cash flow per share was 0.02 yuan, a decline of 4.52% year-on-year [4] Cash Flow and Debt Situation - The net cash flow from operating activities was 46.9722 million yuan, remaining positive for six consecutive years [5] - The ratio of cash and cash equivalents to current liabilities was only 96.6% [5] - The average ratio of operating cash flow over the past three years to current liabilities was 17.36% [5] - The interest-bearing asset-liability ratio was 34.54% [5] - The ratio of total interest-bearing liabilities to the average operating cash flow over the past three years was 11.37% [5] Accounts Receivable Risk - Accounts receivable accounted for 7271.47% of profit, primarily due to delayed payments from PPP projects [6] - The company is actively following up on the progress of fiscal allocations to ensure project operations and collections [6] Development Prospects and Risks - The company aims to become a global leader in smart space services, leveraging an AIoT intelligent IoT management platform [7] - Despite facing risks such as insufficient market demand, accounts receivable recovery, and PPP project asset impairment, the company plans to address challenges through technological innovation, market expansion, and internal management optimization [7]