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]

Core Insights - Shenzhou Holdings reported a revenue of 7.865 billion yuan for the first half of the year, representing a 12% year-on-year increase, with a net profit of 15.21 million yuan, up 41% from the previous year [1] - The company is focusing on AI investments and the implementation of its "Data x AI" strategy, emphasizing the importance of data as a foundation for AI effectiveness [1][4] Financial Performance - Revenue for the first half of the year reached 7.865 billion yuan, a 12% increase year-on-year [1] - Gross profit was 1.033 billion yuan, an 8% increase compared to the same period last year [1] - New contracts signed amounted to 9.476 billion yuan, a significant increase of 98% year-on-year [1] - The total value of signed but unfulfilled orders was 10.441 billion yuan, up 27% year-on-year [1] AI Strategy and Technological Development - The company has developed a four-layer core AI technology system, including intelligent computing platforms, data management platforms, knowledge reasoning platforms, and vertical intelligent applications [2] - The smart supply chain is a primary focus, utilizing self-developed digital tools to integrate logistics and service capabilities [2] - The "3+3" strategic goal has been set to enhance knowledge spillover and commercialization [2] Market Expansion and Ecosystem Development - The company is leveraging its AI capabilities to enhance efficiency in government and enterprise digitalization, with a high accuracy rate of over 95% for its AI government assistant [3] - The company has successfully replicated its business model from the hotel industry to automotive sectors, indicating potential for expansion into retail and dining [3] - The ecosystem is evolving into a three-dimensional collaborative structure of technology, industry, and production, aiming to lower empowerment thresholds and expand influence [3] Future Growth and Competitive Positioning - The company plans to combine its general capabilities with industry-specific know-how to solidify its market position and achieve industry leadership [4] - It aims to enhance competitiveness through both organic growth and inorganic methods such as ecosystem partnerships and mergers and acquisitions [4]

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 ...

Core Insights - The company reported a revenue of 7.865 billion yuan for the first half of 2025, representing a year-on-year growth of 12% [1] - Gross profit reached 1.033 billion yuan, with an 8% increase compared to the previous year [1] - Net profit attributable to shareholders was 15.21 million yuan, showing a significant year-on-year growth of 41% [1] Business Performance - New contracts doubled, with a new signed order amount of 9.476 billion yuan, reflecting a 98% year-on-year increase [1] - The total amount of signed but unfulfilled contracts reached 10.441 billion yuan, up 27% year-on-year, indicating a solid foundation for long-term and stable growth [1] Technological Advancements - The company successfully implemented a full-stack data intelligence solution for smart supply chain scenarios, achieving deep penetration of "AI for Process" [1] - The company developed supply chain algorithms tailored to different industry characteristics and created the "KingKoo Smart Chain" logistics model to address issues with general large models [1] - The AI agent suite for operations, decision-making, and customer interactions has been successfully deployed and has shown positive results [1] Industry Expansion - The company is expanding its hotel data intelligence solutions, having deepened strategic cooperation with Wanda Hotels and Yunji Technology [2] - The company signed digital service projects for over 300 stores in high-end chain hotels, reinforcing its leading position in the chain hotel industry [2] - The company is actively promoting overseas business development, leveraging successful domestic experiences [2] Technical Infrastructure - The company is building a technical barrier with its "Yanyun Infinity" industry-level general data intelligence engine, focusing on core value scenarios [2] - The engine integrates industry operational experience to efficiently construct and deploy vertical intelligent applications, forming a closed-loop of technical capabilities from "Data for AI" to "AI for Process" [2] Future Outlook - The company’s core technologies have successfully landed in various segments, driving stable growth across its business [3] - The rapid growth of new contracts lays a long-term foundation for future revenue and profit increases [3] - The company forecasts revenues of 18.4 billion yuan, 20.7 billion yuan, and 22.7 billion yuan for 2025-2027, with net profits of 231 million yuan, 442 million yuan, and 511 million yuan respectively [3]