Core Viewpoint - Shenzhou Holdings' subsidiary, Shenqi Digital, has signed a strategic cooperation agreement with China Aviation Cloud Data Co., Ltd. to leverage their strengths in computing power, models, and application scenarios for deep collaboration in digital transformation, green digital infrastructure, AI industrial park construction, and domestic computing power [1] Group 1: Strategic Cooperation - The agreement aims to utilize the core advantages of both companies in computing power and application scenarios [1] - China Aviation Cloud Data Center, approved by the State-owned Assets Supervision and Administration Commission, is the second national-level A-class data center, capable of accommodating intelligent computing power of up to 3000P [1] Group 2: Previous Collaborations - The company has previously signed a cooperation agreement with Shanghai Yidian to provide integrated supporting services for intelligent computing infrastructure [1] Group 3: Financial Performance - Shenzhou Holdings reported significant growth in its mid-term performance, with a 41% increase in net profit attributable to shareholders in the first half of 2025 [1] - The company has successfully implemented its "Data x AI" strategic model, accelerating the application of AI in smart supply chains, government enterprise services, and the retail industry [1] - New signed orders have nearly doubled, and multiple brokerage firms are optimistic about the company's future, giving "buy" or "hold" ratings [1]

数据显示，上半年神州控股实现营业收入 78.65 亿元，同比增长 12%；毛利10.33亿元人民币，较去年 同期增长8%，归母净利润 1521 万元，同比大幅增长 41%。报告期内，公司新签约金额达 94.76 亿元， 同比激增 98%；已签未销订单 104.41 亿元，同比增长 27%。 公司管理层指出，数据是 AI 释放效能的核心，场景化能力是当前 AI 赛道竞争关键，因此在强化数据 层能力的同时，结合行业场景优势形成了技术闭环。据悉，神州控股未来还将开放数据能力基座与 AI 工具链，降低赋能门槛、扩大生态影响力。 北京商报讯（记者 陶凤 实习记者 王天逸） 9月11日，北京商报记者获悉，神州控股日前召开了2025年 度中期业绩说明会，管理层就上半年经营成果、技术研发进展、面向核心场景的业务进展，以及生态战 略的推进落实情况进行详细解读，并对投资者关切问题做出回应。 ...

Core Insights - Shenzhou Holdings experienced a significant stock price increase of over 11% on September 11, attributed to strong financial performance and market speculation related to Oracle concepts [1] Financial Performance - For the first half of 2025, the company reported a revenue growth of 12% year-on-year, reaching 7.865 billion RMB [1] - The net profit attributable to the parent company saw a substantial increase of 41% year-on-year, totaling 15.21 million RMB [1] - The new contract signing amount surged by 98% year-on-year, amounting to 9.476 billion RMB, with a backlog of unrecognized revenue at 10.441 billion RMB [1] Strategic Initiatives - The company's "Data x AI" strategy has shown significant effectiveness, leveraging its first-mover advantage in big data and artificial intelligence [1] - Shenzhou Holdings has developed the "Yanyun Infinity Platform," which integrates core technologies across computing, data, and decision-making layers to facilitate efficient deployment of industry-specific intelligent applications [1] - The company serves a diverse range of leading clients across various sectors, including government enterprises, consumer electronics, telecommunications, fast-moving consumer goods, apparel, finance, and chain hotels, driving value reconstruction in the industry [1]

公司认为，当前神州控股的生态建设已形成"技术-行业-产业"三维协同格局。未来将通过开放数据能力 基座与AI工具链，降低赋能门槛，扩大生态影响力，形成平台化模式，并有望通过生态协同实现规模 与经营业绩的双重提升。 公司方面表示，会持续将自身的通用化能力和面向场景的行业know-how结合，深入推进"Data x AI"战 略落地，通过有机增长，夯实自身业务的市场基础，最大化拓展，达到行业领先位置。同时，也将通过 生态合作和投资并购等无机增长方式进行快速有效的能力补齐，实现竞争力不断提升，筑牢核心技术底 座和竞争壁垒。 关于"Data×AI"战略，管理层认为，数据是AI能够释放效能的核心基础，同时，场景化能力的竞争，已 经成为当前AI赛道竞争的主旋律。因此，公司在将大量资源投入到数据数据层能力的同时，结合自身 在行业场景中的优势，实现了通用能力与行业场景化能力的有机结合。打造出从数据到知识再到AI应 用的技术闭环，技术商业化能力持续提升。 神州控股(00861.HK)日前通过线上形式召开2025年度中期业绩说明会，管理层就上半年经营成果、技术 研发进展、面向核心场景的业务进展，以及生态战略的推进落实情况进行详细解 ...

Core Insights - Shenzhou Holdings experienced a significant stock price increase of over 11% following the release of its latest financial report, which showed strong revenue and profit growth for the first half of 2025 [1] - The company's overall revenue increased by 12% year-on-year, reaching 7.865 billion RMB, while the net profit attributable to the parent company surged by 41% to 15.21 million RMB [1] - The company reported a substantial increase in new contract signings, with a year-on-year growth of 98%, totaling 9.476 billion RMB, and an unfulfilled signed order amounting to 10.441 billion RMB [1] - The success of the company's "Data x AI" strategy is highlighted as a key driver of its business momentum [1] Business Strategy - Shenzhou Holdings leverages its first-mover advantage in big data and artificial intelligence to enhance its "Data x AI" strategy [2] - The company has developed the "Yanyun Infinity Platform," which integrates core technologies across computing, data, and decision-making layers, facilitating efficient deployment of intelligent applications [2] - The platform aims to empower clients across various industries, including government, consumer electronics, telecommunications, fast-moving consumer goods, apparel, finance, and chain hotels, by enabling end-to-end data intelligence transformation [2] - The implementation of AI technology in core value scenarios is driving value reconstruction across the industry chain [2]

Investment Rating - Maintain "Outperform" rating, with a target price of 4.23 HKD/share, reflecting a 29% reduction from previous estimates [8][9]. Core Insights - The company has ample orders and growth momentum across major sectors, with new orders doubling year-on-year [9][10]. - The "Data x AI" strategy is being continuously advanced, enhancing the company's capabilities in delivering intelligent solutions across various scenarios [11]. Financial Summary - For 2025H1, the company achieved revenue of 7.87 billion RMB, a year-on-year increase of 12.04%, and a net profit attributable to shareholders of 15 million RMB, up 40.70% year-on-year [9][10]. - New orders in 2025H1 were approximately 9.48 billion RMB, representing a 98% year-on-year growth, with total orders on hand reaching 10.44 billion RMB, up 27% year-on-year [9][10]. - The three main business sectors showed growth: big data products and solutions revenue increased by 12% to 1.43 billion RMB, software and operation services revenue rose by 13% to 2.45 billion RMB, and information innovation and traditional services revenue grew by 11% to 3.99 billion RMB [10][11]. Business Strategy - The company is focusing on the "Data x AI" strategy, which includes the development of the "YanCloud Infinity Platform" to enhance data intelligence capabilities [11]. - Successful implementations of intelligent solutions in smart supply chain and government-enterprise digitalization scenarios have been noted, showcasing the effectiveness of the company's strategic initiatives [11].

海外監管公告 本公告是由神州數碼控股有限公司* （「本公司」）根據香港聯合交易所有限公司證券上市 規則第 13.10B條而作出。 以下附件是本公司依臺灣相關證券法律的規定於二零二五年九月四日在臺灣證券交易所股份 有限公司網頁刊發的公告。 承董事會命 Digital China Holdings Limited (神州數碼控股有限公司* ) 郭為 主席兼首席執行官 香港，二零二五年九月四日 於本公告日期時，董事會由九名董事組成，包括： 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 執行董事：郭為先生（主席兼首席執行官）及林楊先生（副主席） 非執行董事：彭晶先生叢珊女士及劉軍強先生 獨立非執行董事：劉允博士、金昌衛先生、郭嵩博士、陳惠康先生及李靜博士 網址： www.dcholdings.com * 僅供識別 | 召開法人說明會日期： | | 114/09/05時間： 10 點 0 分 (24小時制) | | --- | --- | --- | | 召 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 承董事會命 Digital China Holdings Limited (神州數碼控股有限公司* ) 郭為 主席兼首席執行官 香港，二零二五年九月四日 於本公告日期時，董事會由九名董事組成，包括： 執行董事：郭為先生（主席兼首席執行官）及林楊先生（副主席） 非執行董事：叢珊女士及劉軍強先生 海外監管公告 本公告是由神州數碼控股有限公司* （「本公司」）根據香港聯合交易所有限公司證券上市 規則第 13.10B條而作出。 以下附件是本公司依臺灣相關證券法律的規定於二零二五年九月四日在臺灣證券交易所股份 有限公司網頁刊發的公告。 獨立非執行董事：劉允博士、金昌衛先生、郭嵩博士、陳惠康先生、李靜博士 | 公司代號 | 910861 | | --- | --- | | 公告序號 | 2 | | 事實發生日 | 民國114年9月5日 | | 公司名稱 | 神州數碼控股有限公司 | | 主旨 | 神州數碼控股有限公 ...

於本公告刊發時，董事會由九名董事組成，包括： 執行董事：郭為先生（主席兼首席執行官）及林楊先生（副主席） 本公告是由Digital China Holdings Limited (神州數碼控股有限公司* )（「本公司」）根據 香港聯合交易所有限公司證券上市規則第 13.10B條而作出。 以下附件是本公司依臺灣相關證券法律的規定於二零二五年九月四日在臺灣證券交易所 股份有限公司網頁刊發的公告。 承董事會命 Digital China Holdings Limited (神州數碼控股有限公司*) 郭為 主席兼首席執行官 香港，二零二五年九月四日 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 海外監管公告 神州數碼控股有限公司 臺灣存託憑證流通及兌回情形月報表 中華民國 114 年 8 月份 | 項 目 | 單位數 | | 表彰之有價證券數額 | | | --- | --- | --- | --- | --- | | 截至上一月底止餘額 (Ａ) | 33 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 神州數碼控股有限公司 呈交日期: 2025年9月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00861 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,500,000,000 | HKD | | 0.1 | HKD | | 250,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,500,000,000 | HKD | | 0.1 | HKD | | 250,000,000 | 本月底法定/註冊股本 ...