ENJOYOR(SZ:300020)2022-12-06 02:38Group 1: Business Overview - The main business areas of the company include smart city construction, operation, and large software services, with smart transportation being the largest segment at approximately 50% of future business share [2][3] - Smart healthcare is expected to account for 15-20% of the business, while other smart city sectors will make up the remainder [2] Group 2: Performance Challenges - The decline in company performance is attributed to two main factors: cautious participation in local government PPP projects and significant goodwill impairment from the acquisition of Asia-Pacific Anxun [3][5] - The company has been selective in project choices to avoid cash flow pressure, focusing on high-profit and quick-return projects [5] Group 3: Market Position and Strategy - The company has established partnerships with nearly 200 cities and signed strategic cooperation agreements with 33 city governments as of 2016 [4] - The company aims to enhance its data operation services and transition to a smart city operator model, leveraging big data and cloud computing for traffic management [4][5] Group 4: Future Growth Areas - Future growth in smart transportation will come from maintenance services for existing platforms and the operation of smart transportation data [3][4] - The company is exploring the acquisition of Zhitu Technology, with plans to proceed with cash if the share acquisition does not finalize within the approval period [4]