Research Express | Beijing Huaru Technology Hosts CITIC Securities and 6 Other Institutions; New Contracts Signed in 2025 Reach 366 Million Yuan; Detailed Analysis of Military Large Model Competitiveness

On March 20, Beijing Huaru Technology Co., Ltd. (hereinafter referred to as the “Company”) hosted an institutional research meeting in the form of a broker strategy session, with 7 institutions including CITIC Securities and Founder Securities participating. The Company’s board secretary, Wu Yaguang, engaged in in-depth discussions with investors on topics such as the 2025 operating performance, core competitiveness of military large models, and main business areas.

Basic Information on Investor Activities

Main Content of Investor Relations Activities

Introduction to Company Basics

The Company focuses on the research and application of military intelligence-related products, centered around the XSim[®] military intelligence system. Utilizing self-developed technologies such as intelligent simulation platform (XSimStudio[®]), digital battlefield (XSimWorld[®]), intelligent agents (XSimAgent[®]), and digital forces, it continuously provides products and solutions to users in five application areas: intelligent decision-making, virtual training, digital intelligence testing, model training equipment, and intelligent equipment.

Q&A Session

1. 2025 Operating Performance
The Company stated that in 2025, due to being in a phase prohibited from participating in military procurement activities by the military procurement network, combined with the cyclical adjustment impacts of the military industry, the newly signed order amount for that year was 366 million yuan, a slight decrease compared to 2024. However, benefiting from the concentrated delivery cycle of certain projects at the end of the 14th Five-Year Plan, the number of projects accepted by the Company increased, driving revenue growth in 2025 compared to 2024.

2. Core Competitiveness of Military Large Models
The military large model developed by the Company is a specialized large model that injects knowledge from the military vertical field into a general large model, integrating military simulation technology. It possesses military cognition and decision-making capabilities and can support five application areas: intelligent decision-making, virtual training, digital intelligence testing, model training equipment, and intelligent equipment.

3. Business Overview of Intelligent Decision-Making Application Area
This area of business focuses on core scenarios such as equipment verification, tactics research, operational planning, and support planning, relying on military large models, intelligent simulation, and combat experiments.

4. Business Overview of Intelligent Equipment Application Area
Based on a “cloud-edge-end” collaborative architecture, it constructs an unmanned cloud brain and unmanned equipment system. Through military large models, it realizes a closed-loop decision-making chain of “battlefield situation awareness - target value assessment - dynamic task allocation - action path optimization,” enhancing equipment autonomy and collaborative combat capabilities.

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