Group 1: Investor Relations Activity Overview - The investor relations activity was held on May 28, 2025, in Shanghai, attended by representatives from Founder Securities Co., Ltd. and CITIC Securities Co., Ltd. [3] - The meeting was hosted by the company's board secretary and CFO, Ms. Wang Xiaolei [3] Group 2: Key Issues Discussed - The company won a bid for key equipment procurement from Tonghao Low-altitude Intelligent Technology Co., Ltd., with a contract value of RMB 1.15 million [4] - The product involved is the mmWave 5G integrated testing system, part of the company's "1+3" development strategy focusing on satellite internet and low-altitude economy [4] Group 3: Employee Stock Ownership Plan - The 2025 Employee Stock Ownership Plan (ESOP) was announced, involving up to 59 participants and a total of 1.513803 million shares, representing approximately 1.06% of the company's total share capital of 142.840508 million shares [5] - The ESOP aims to enhance employee responsibility, attract and retain talent, and align interests among shareholders, the company, and core team members [5] Group 4: Revenue Growth Target - The company aims for a revenue growth rate of no less than 10% in 2025 as part of the ESOP assessment targets [6] - The company focuses on three main business areas: wireless communication testing, vehicle networking testing, and satellite internet and low-altitude economy testing [6][7] Group 5: R&D Projects - The company is developing a high-bandwidth frequency channel simulator for 6G communication, focusing on cutting-edge technologies such as terahertz and multi-channel MIMO [8] - The project aims to enhance the company's independent R&D capabilities and international competitiveness, with an expected completion date of November 2026 [8]

Group 1: Financial Performance - In Q1 2025, the company achieved a revenue of 60.91 million yuan, representing a year-on-year growth of 27.47% [4] - The net profit attributable to shareholders and net cash flow from operating activities also showed significant growth compared to the same period last year [4] Group 2: Strategic Development - The company is focusing on communication testing services in the low-altitude economy and satellite internet sectors as part of its "1+3" development strategy [5] - New products include the mmWave 5G integrated testing system and the Rainbow series for low-altitude signal monitoring, aimed at supporting the commercial development of the low-altitude economy [5] Group 3: R&D and Technological Advancements - The company is actively involved in 5G/6G and millimeter-wave communication testing technology research, with several national-level projects underway [6] - It has successfully applied for 13 major national projects in 2024, leading to breakthroughs in key technologies such as ultra-high-speed baseband signal processing [8] Group 4: Market Value Management - The company emphasizes the importance of market value management, with a dedicated office to oversee this function [9] - It aims to enhance governance, operational efficiency, and profitability while ensuring transparent communication with investors [10]