Group 1: Investor Relations Activity Overview - The investor relations activity was an earnings briefing held on May 14, 2025, via an online platform [4] - Participants included the company's general manager, board secretary, financial officer, and sponsor representative [4] Group 2: Business Expansion and Market Focus - The company is focused on sustainable development and business expansion in response to market changes [6] - Main business areas include intelligent transportation, particularly in intercity highways and urban traffic [6] - Video surveillance remains a traditional business, with ongoing efforts to explore new opportunities [6] Group 3: Financial Performance and Stability - In Q1 2025, the company reported revenue of 21.59 million RMB, a year-on-year decrease of 11.39%, and a net loss of 40.5 million RMB, an increase of 7.15% year-on-year [7] - Seasonal revenue patterns indicate that Q1 typically contributes a lower percentage to annual revenue, while Q4 contributes significantly more [7] Group 4: Strategic Partnerships and Projects - The company is involved in several key projects under the control of Hubei State-owned Assets, including zero-carbon toll stations and smart tunnel construction [8] - The company aims to enhance its core competencies and develop new technologies and products with independent intellectual property rights [8] Group 5: Market Value and Governance - The company emphasizes market value management and governance improvement under the control of Hubei State-owned Assets [8] - There are no current plans for mergers or acquisitions, although the company has invested 50 million RMB in a private equity fund [8] Group 6: Digitalization and Safety Initiatives - The company has advantages in digitalization due to its technical expertise and improved understanding of user needs post-state control [8] - The business intersects with urban safety through projects related to smart cities, video surveillance, and IoT [9]