Tiamaes(SZ:300807)2025-05-06 08:26Group 1: Industry Overview - The smart public transport industry is currently facing challenges, with demand shrinking and competition intensifying. However, long-term support from government policies is expected to gradually restore market space as the economy improves [2][3]. - The information technology level in public transport is high in first and second-tier cities, but lower in third and fourth-tier cities. The advancement of technology and its application will enhance the functionality of smart public transport systems [3]. Group 2: Company Performance and Strategy - The company has been experiencing a decline in main business income and net profit due to reduced investment in bus procurement and information technology, leading to a loss in recent years [5]. - To improve performance, the company is adjusting its operational strategy, optimizing product structure, exploring new growth points, and implementing cost reduction measures [5][4]. Group 3: Future Prospects and Collaborations - The company plans to deepen its core public transport business, optimize products and services, and accelerate the development of new technologies and products to drive strategic transformation [4]. - The collaboration with Qiming Venture Partners aims to leverage industry resources beyond current business areas to enhance the company's core competitiveness and improve operational conditions [3]. Group 4: Financial Outlook - The company is actively working to control costs and improve operational cash flow, which has shown significant improvement despite the overall challenging environment [5]. - The company is committed to timely disclosures regarding the progress of the share transfer with Qiming, with 60% of the first phase payment already made to the joint management account [3].