Core Views - The report outlines the ongoing supervision work conducted by China International Capital Corporation for Aobo Zhongguang Technology Group, emphasizing the establishment and execution of a robust supervision system and work plan [1][3][5]. Supervision Work Status - The sponsor has established a sound supervision system and executed a corresponding work plan for ongoing supervision [1]. - A sponsorship agreement was signed between the sponsor and Aobo Zhongguang, clarifying the rights and obligations during the supervision period [1][2]. - Regular communication, site inspections, and due diligence are employed to monitor the company's operations [3][5]. Compliance and Governance - The company is required to adhere to the business rules and commitments set forth by the Shanghai Stock Exchange [4][6]. - The sponsor has ensured that Aobo Zhongguang has established effective corporate governance and internal control systems [4][5]. - The company has been monitored for compliance with information disclosure regulations, ensuring that no misleading statements or omissions occur [6][9]. Financial Performance - For the first half of 2025, the company reported a revenue of RMB 435.47 million, a 104.14% increase compared to the same period in 2024 [14]. - The net profit attributable to shareholders was RMB 60.19 million, showing a significant recovery from a loss of RMB 53.37 million in the previous year [14]. - The total assets as of June 30, 2025, were RMB 332.71 million, with total liabilities decreasing by 14.53% to RMB 38.86 million [14]. Core Competitiveness - The company has developed a comprehensive 3D visual perception technology system, showcasing its capabilities in optical design, chip development, and algorithm optimization [15][21]. - Aobo Zhongguang has a strong talent pool, with a significant number of team members holding advanced degrees and extensive experience in the field [17]. - The company has established a complete industrial chain, collaborating with leading clients and suppliers to enhance its market position [18][19]. Research and Development - The total R&D expenditure for the first half of 2025 was RMB 91.18 million, representing a decrease of 14.02% compared to the previous year [22]. - The R&D investment accounted for 20.94% of the company's revenue, indicating a strategic focus on innovation despite a reduction in absolute spending [22]. - The company continues to advance its 3D visual perception technology, aiming to meet the growing market demands [23]. Use of Raised Funds - As of June 30, 2025, the company reported a remaining balance of RMB 3.05 million from its fundraising activities, with funds allocated appropriately according to regulatory requirements [24][25].