Core Viewpoint - The company focuses on virtual simulation education and training, leveraging digital and intelligent technologies to cultivate high-skilled talent across various sectors, including rail transportation and emergency safety [1][4]. Group 1: Financial Performance - In 2024, the company achieved revenue of 384 million yuan (+7.84%) and a net profit of 55 million yuan (+9.12%), marking three consecutive years of positive growth [2]. - In the first half of 2025, the company reported revenue of 102 million yuan, a decrease of 7.98% year-on-year, primarily due to extended project delivery cycles and increased depreciation costs [2]. - The company plans to achieve revenues of 418 million yuan, 480 million yuan, and 572 million yuan from 2025 to 2027, with corresponding net profits of 56 million yuan, 66 million yuan, and 79 million yuan [8]. Group 2: Strategic Initiatives - The company is implementing a "multi-faceted" development strategy, optimizing its business structure through technological collaboration and resource integration, with a focus on aircraft maintenance products and urban rail transit markets [2]. - The company has seen a significant increase in orders from metro clients, with a year-on-year growth of 253.37%, becoming a key driver of business growth [2]. - The company collaborates with the National Intelligent Connected Vehicle Innovation Center to explore new market opportunities [2]. Group 3: Technological Advancements - The company has developed a modular virtual simulation technology platform, JanVR, which supports rapid development and functionality expansion for various applications, including military simulations [4]. - The company’s military simulation business has established a comprehensive product matrix covering land, sea, and air forces, catering to diverse training needs [4]. - The company is advancing an AI vocational education platform aimed at providing personalized learning experiences and optimizing course offerings based on data analysis [6]. Group 4: International Collaboration - The company is a key player in the "Luban Workshop" initiative, which promotes international vocational education cooperation, having established 34 workshops in 30 countries since 2016 [5]. - The company has participated in building vocational training facilities in Laos and Thailand, enhancing its international presence in technical training [5]. - The company is set to support the upcoming World Skills Competition and the National Skills Competition, which are expected to enhance its market visibility and performance [7].

Group 1: Financial Performance - The company's net profit for the first half of 2025 decreased significantly compared to the same period last year, primarily due to extended project delivery cycles, pressure on product prices, and increased depreciation expenses [4] - The overall revenue from the military industry showed growth in the first half of 2025, with a focus on improving order conversion efficiency and optimizing project delivery cycles in the second half [3] Group 2: Industry Challenges and Responses - The vocational education sector experienced revenue growth, but the increase in operating costs led to a decline in gross profit margin due to intensified industry competition and client budget constraints [2][4] - In response to the AI wave, the company is developing a "JanVR engine + vocational education vertical model + data platform" system to address challenges such as high training costs and teacher shortages [3] Group 3: Strategic Initiatives - The company is implementing several measures to improve performance in the second half of 2025, including enhancing sales activities, accelerating project acceptance, and managing long-term receivables to reduce bad debt risks [3] - The company is exploring the application of humanoid robots in its business scenarios, with ongoing research and development in this area [6]