Core Financial Data - Operating revenue for the first quarter of 2025 was RMB 461.38 million, representing a year-on-year increase of 3.67% compared to RMB 445.04 million in the prior period [2] - Net profit attributable to shareholders of the listed company was a loss of RMB 21.36 million, a decrease of 147.95% from a profit of RMB 44.54 million in the same period last year [2] - Basic and diluted earnings per share were both -0.05 RMB, down 150% from 0.10 RMB in the prior year [2] - Total R&D investments increased by 16.65% to RMB 63.02 million from RMB 54.02 million in the previous year [2] Business Performance - The automotive optics business achieved operating revenue of RMB 78.78 million, up 64.03% year-on-year, driven by new orders from well-known automobile manufacturers [5] - The company launched the "Lingjing" smart automotive optics system at Auto Shanghai 2025, enhancing vehicle optical features and user experience [5] - The dedicated display business showcased products at the World Expo 2025, indicating successful overseas market expansion [6] Non-Recurring Profit or Loss - Non-recurring profit or loss decreased by RMB 41.31 million compared to the first quarter of 2024, primarily due to lower investment incomes and gains from changes in fair values [8] - The company postponed shipments of certain orders for overseas cinema light sources, impacting operating revenue and profit [8] Financial Position - Total assets at the end of the reporting period were RMB 4.09 billion, down 3.86% from RMB 4.26 billion at the end of the prior year [2] - Owners' equity attributable to shareholders of the listed company decreased by 0.74% to RMB 2.72 billion from RMB 2.74 billion [2] Cash Flow - Net cash flow from operating activities was not explicitly stated, but cash receipts from the sale of goods and services totaled RMB 603.95 million, compared to RMB 458.06 million in the prior year [15]