智通财经APP获悉，国海证券发布研报称，上调浪潮数字企业(00596)评级为"买入"，预计2025-2027年 营收分别为90.76/100.22/109.96亿元，归母净利润分别为5.41/6.53/8.93亿元，EPS分别为0.47/0.57/0.77元/ 股，当前股价对应2025-2027年PE分别为18.21/15.08/11.02倍。公司云服务转型持续推进，带动公司整体 收入及盈利能力提升。2025年上半年实现营业收入43.43亿元，同比增长4.88%;归母净利润1.83亿元，同 比增长73.26%;每股基本盈利达0.16元。 利润：2025H1公司云服务业务经营利润0.20亿元，上年同期亏损0.71亿元;管理软件业务经营利润1.85亿 元，同比增长6.22%;物联网业务经营利润0.18亿元，同比下滑12.12%。 费用：上半年公司销售、管理、研发费用率分别为5.92%、13.74%、9.15%，同比+0.01/-0.25/-1.37pct。 海岳大模型V3.0发布，云服务产品智能程度跃升、市场全面开花云服务业务以海岳大模型、海岳PaaS 平台和智能ERP为核心，面向大、中、小企业，覆盖企业级关键场 ...

Core Insights - The collaboration between Inspur Digital and Dassault Systèmes has led to the launch of Inspur Haiyue inSuite by DELMIAWorks, aimed at addressing the transformation challenges faced by growth-oriented discrete manufacturing enterprises [1] - The product offers an end-to-end integrated industrial software solution that covers R&D design, production manufacturing, and operational management, facilitating the construction of a digital intelligent system for discrete manufacturing [1] Group 1 - The product is designed to tackle the complexities of product structures, diverse production modes, and management difficulties in the discrete manufacturing sector, which is undergoing a shift from traditional manufacturing to intelligent manufacturing [1] - It features a unified data foundation that optimizes the entire process across five core business areas: R&D design, production manufacturing, operational management, maintenance services, and supply chain management [1] - The solution includes 28 standardized manufacturing scenarios tailored for ten key industries, such as equipment manufacturing, automotive parts manufacturing, medical instruments, and general specialized equipment manufacturing [1] Group 2 - Inspur Haiyue inSuite by DELMIAWorks integrates advanced technologies like artificial intelligence to create a comprehensive intelligent empowerment system across the entire business chain [2] - The product employs a "vertical domain model + AI Agent + toolchain" approach, embedding AI deeply into specific business scenarios [2] - For instance, the production material management agent utilizes a dual-core MRP system to link demand, inventory, procurement, and orders in real-time, significantly reducing the planning optimization process from several days to just a few hours, thereby enhancing efficiency and minimizing human errors [2]

浪潮數字企業技術有限公司（「本公司」）- 可供查閱通知 - 2025 年中期報告（「本次公司通訊」）之發布通知 本 公 司 的 本 次 公 司 通 訊 文 件 的 中 、 英 文 版 本 已 上 載 於 本 公 司 網 站 www.inspur.com 及 香 港 交 易 所 披 露 易 網 站 www.hkexnews.hk，歡迎瀏覽。 INSPUR DIGITAL ENTERPRISE TECHNOLOGY LIMITED 浪 潮 數 字 企 業 技 術 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） （Stock Code 股份代號：596） 各位非登記持有人： 如 閣下欲收取本次公司通訊文件之印刷本，請填妥隨附之回條（「回條」），並使用回條底部郵寄標籤寄回本公司香港股份 過戶登記處（「股份過戶處」）,香港中央證券登記有限公司，（如在香港投寄，毋須貼上郵票；否則，請貼上適當的郵票）。股 份過戶處地 址 為 香 港 灣 仔 皇 后 大 道 東 183 號 合 和 中 心 17M 樓 。 ...

INSPUR DIGITAL ENTERPRISE TECHNOLOGY LIMITED 浪 潮 數 字 企 業 技 術 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） （Stock Code 股份代號：596） 各位登記股東： 浪潮數字企業技術有限公司（「本公司」）- 可供查閱通知 - 2025 年中期報告（「本次公司通訊」）之發布通知 本公司的本次公司通訊文件的中、英文版本已上載於本公司網站 www.inspur.com 及香港交易所披露易網站 www.hkexnews.hk， 歡迎瀏覽。 承董事會命 浪潮數字企業技術有公司 主席 趙震 謹啟 2025 年 9 月 30 日 附註： 如 閣下欲收取本次公司通訊文件之印刷本，請填妥隨附之回條（「回條」），並使用回條底部郵寄標籤寄回本公司香港股份過戶 登記處（「股份過戶處」），香港中央證券登記有限公司，（如在香港投寄，毋須貼上郵票；否則，請貼上適當的郵票）。股份過戶 處 地 址 為 香 港 灣 仔 皇 后 大 道 東 183 號 合 和 中 ...

Interim Report 2025 中期報告 目 錄 | 公司資料 | 2 | | --- | --- | | 管理層討論及分析 | 3 | | 其他資料 | 12 | | 綜合損益表（未經審計） | 16 | | 綜合損益及其他全面收益表（未經審計） | 17 | | 綜合財務狀況表（未經審計） | 18 | | 綜合權益變動報表（未經審計） | 20 | | 綜合現金流量報表（未經審計） | 21 | | 綜合財務報表附註 | 22 | 2 3 執行董事 趙震先生 王玉森先生 崔洪志先生 非執行董事 李春香女士 獨立非執行董事 黃烈初先生 張瑞君女士 丁香乾先生 公司秘書 陳穎女士 鄒波先生 核數師 信永中和（香港）會計師事務所有限公司 公司資料 中國銀行（香港）有限公司 中國工商銀行 中國農業銀行 主要股份過戶及登記處 Suntera (Cayman) Limited Suite 3204, Unit 2A, Block 3, Building D, P.O. Box 1586, Gardenia Court, Camana Bay, Grand Cayman, KY1-1100, Cayman I ...

Core Viewpoint - Zhongtai International maintains a "Buy" rating for Inspur Digital Enterprise (00596), with net profit forecasts for FY25E and FY26E at 520 million and 620 million RMB, reflecting year-on-year increases of 35.6% and 19.5% respectively, and a compound annual growth rate of 19.1% from FY25E to FY27E. The target price is adjusted to 12.00 HKD based on a 20x FY26E P/E ratio [1]. Group 1: Financial Performance - Inspur Digital Enterprise reported a revenue of 4.33 billion RMB in the first half of the year, a year-on-year increase of 4.9%, aligning with expectations. The cloud service revenue reached 1.27 billion RMB, growing by 30.0% and accounting for 29.3% of total revenue, while the shares of management software and IoT solutions decreased to 27.6% and 43.1% respectively. The operating profit margin for cloud services improved to 1.6%, up from -7.0% in the same period last year. The net profit for the first half was 180 million RMB, a significant increase of 73.3% year-on-year [2]. Group 2: Strategic Initiatives - The company adheres to the "AIFirst" strategy, integrating AI large model technology across all products aimed at enterprise services. It continues to develop the Haiyue large model and full-stack tool services, providing advanced AI solutions. The AI-native Haiyue enterprise software and ready-to-use intelligent agent clusters are designed to address high-value intelligent application scenarios, facilitating digital transformation for enterprises through a three-layer architecture of "AI digital foundation + AI native software + intelligent agents" [3]. Group 3: Market Focus - As of the first half of the year, the company's accounts receivable stood at 3.38 billion RMB, with over 80% coming from central state-owned enterprises (SOEs) and government clients accounting for 4%-5%. The company has a low bad debt rate based on past experiences. It has provided digital transformation services to 86 central enterprises, 190 of China's top 500 companies, and 1.2 million enterprise clients. Currently, overseas revenue accounts for only 8.7%, but the company plans to increase efforts in expanding into overseas markets, initially targeting small and medium-sized enterprises in Southeast Asia's manufacturing sector with management software products. Additionally, following central SOEs abroad is expected to contribute to revenue growth [4].

智通财经APP获悉，中泰国际发布研报称，维持浪潮数字企业(00596)"买入"评级，大致维持公司盈利预 测不变，FY25E/FY26E净利润为5.2亿/6.2亿，同比提升35.6%/19.5%，FY25E-27E净利润复合增长率为 19.1%。云服务业务规模扩大，公司盈利能力快速增强。给于20倍FY26E市盈率估值，调整目标价至 12.00港元。 中泰国际主要观点如下： 业务结构改善，净利润大幅增长 国内深耕央国企，海外聚焦中小企 公司截止上半年应收账款33.8亿元，其中超过80%来自于央国企客户，政府客户占比4%-5%，过往经验 显示公司的坏账率极低。公司累计为86家央企，190家中国500强，以及120万个企业客户提供数字化转 型服务。当前海外收入占比仅为8.7%，公司计划加大力度拓展海外市场，首阶段向东南亚制造业中小 企推广管理软件产品。另一方面，跟随央国企出海亦有助于为公司的盈收带来增量。 投资风险：1)制造企业面临利润挑战，IT类项目预算下降;2)大型国企的应收账款期限较长。 浪潮数字企业上半年收入43.3亿元(人民币，下同)，同比增长4.9%，符合预期。期内业务结构改善明 显，云服务实现收入12. ...

Core Insights - The seminar titled "AI Towards New, Waves Surge into the Future" focused on the latest policy requirements for intelligent finance and the integration of AI in financial practices, aiming to enhance the quality of the accounting industry [1][2] Group 1: AI and Financial Transformation - The rapid iteration of global AI technology is driving digital transformation in enterprises, making financial digitization a key support for improving management efficiency and creating competitive advantages [1] - The "AI First" strategy adopted by the company emphasizes embracing AI model technology, nurturing AI talent, and fostering an AI culture to enhance enterprise software and applications [2][3] Group 2: Challenges and Solutions in Financial Intelligence - The transition to intelligent finance faces challenges such as the conflict between AI randomness and accounting consistency, as well as information security risks associated with technological advancements [3] - The company is developing a customized model for enterprises by integrating knowledge governance tools with general AI models to provide a high-quality data foundation [3] Group 3: Innovations in Treasury Systems - The intelligent treasury system is built around four key components: establishing a large treasury system, creating a comprehensive data platform, innovating treasury applications, and developing decision analysis models [3] - The intelligent treasury system aims to drive continuous innovation in enterprise fund management through a data-driven approach [3] Group 4: Customer Service Enhancements - The company is upgrading its customer service framework to address IT operation challenges posed by new technologies, focusing on unified user interfaces and service standards [4] - A new customer service center and an AI-integrated service platform are being developed to meet diverse customer needs [4] Group 5: Collaborative Efforts for High-Quality Development - The company plans to deepen collaboration with various stakeholders to promote the innovation and application of intelligent financial technologies, contributing to the high-quality development of Chinese enterprises [4]

智通财经APP讯，浪潮数字企业(00596)发布公告，于2025年9月12日，根据股份计划发行合计31.5万 股。 （原标题：浪潮数字企业(00596)根据股份计划发行31.5万股） ...

浪潮数字企业(00596)发布公告，于2025年9月12日，根据股份计划发行合计31.5万股。 ...