Company Rating - The report assigns a "Buy" rating to Inspur Digital Enterprise (596) with a target price of HKD 14.3, indicating a potential upside of 36.5% from the current price of HKD 10.48 [2][8]. Core Insights - Inspur Digital Enterprise is positioned as a leading ERP software provider in China, benefiting from its state-owned background and extensive client base, which includes 79 central enterprises and over 120,000 corporate clients [5][6]. - The acceleration of domestic digital transformation and the push for localization in technology provide significant market opportunities for the company, particularly in the ERP sector [6][8]. - The company's cloud service revenue has shown remarkable growth, increasing from RMB 510 million in 2020 to RMB 2.76 billion in 2024, with a compound annual growth rate (CAGR) of 53.3% [7][8]. Financial Summary - The report forecasts the company's net profit for 2025, 2026, and 2027 to be RMB 5.3 billion, RMB 6.5 billion, and RMB 8.0 billion respectively, with earnings per share (EPS) projected at RMB 0.46, RMB 0.57, and RMB 0.70 [9][8]. - The total revenue for the fiscal years 2023 to 2027 is expected to grow from RMB 8.29 billion in 2023 to RMB 10.87 billion in 2027, reflecting a steady growth trajectory [9][8]. Market Position - Inspur Digital Enterprise is uniquely positioned as the only major SaaS provider with state-owned backing, which aligns well with the security needs of central and state-owned enterprises [6][8]. - The company has established a strong foundation for market expansion through long-term collaborations with various central enterprises, enhancing its industry experience and customer resource base [6][8].

Core Viewpoint - Semiconductor stocks in Hong Kong have shown strong performance, with several companies experiencing significant gains in their stock prices [1]. Group 1: Stock Performance - Shun Tai Holdings (01335) increased by 7.83%, reaching a price of 0.124 with a market capitalization of 302 million [2]. - InnoCare Pharma (02577) rose by 7.90%, with a latest price of 62.150 and a total market value of 555.87 billion [2]. - Shanghai Fudan (01385) saw a gain of 6.18%, priced at 33.180 and a market cap of 27.255 billion [2]. - Hua Hong Semiconductor (01347) grew by 5.96%, with a price of 41.800 and a market capitalization of 72.192 billion [2]. - Meijiayin Holdings (06939) increased by 4.44%, priced at 0.470 and a market cap of 24.4 million [2]. - SMIC (00981) rose by 2.80%, with a price of 51.450 and a total market value of 410.883 billion [2]. - Brainhole Technology (02203) increased by 2.65%, priced at 0.194 with a market cap of 15.5 million [2]. - Jingmen Semiconductor (02878) saw a rise of 2.25%, priced at 0.455 and a market cap of 113.6 million [2]. - China Electric Huada Technology (00085) increased by 2.11%, with a price of 1.450 and a market capitalization of 29.43 billion [2].

金十数据8月4日讯，港股早盘低开后震荡走高，恒指收涨0.49%，报24627.25点；科指收涨0.93%，报 5447.62点。盘面上，黄金股、半导体股、影视股上涨；加密货币概念股回调，医药股、能源股下跌， 汽车股分化。个股方面，英诺赛科(02577.HK)涨超12%，华虹半导体(01347.HK)涨6.5%，新东方 (09901.HK)涨4.6%，快手(01024.HK)、联想集团(00992.HK)涨3.5%；药明康德(02359.HK)跌近3%，比亚 迪股份(01211.HK)跌超2%，中国海洋石油(00883.HK)、阿里巴巴(09988.HK)跌超1%。 港股午评： 科指收涨0.93% 英诺赛科续涨12% ...

Group 1: Market Performance - Dongyue Group (00189) saw a rise of over 1%, with expectations for increased refrigerant demand as the new cooling season begins, despite a seasonal decline in August [1] - Hong Kong's banking stocks experienced a rally, with Agricultural Bank (01288) up over 2%, and other banks like ICBC (01398) and China Merchants Bank (03968) also gaining over 1%. The overall asset quality of listed banks remains stable, and profit growth is expected to continue [1] - In the gold sector, Lingbao Gold (03330) rose over 3%, with other companies like Chifeng Jilong Gold (06693) and Shandong Gold (01787) also seeing significant gains, driven by lower-than-expected U.S. job growth data which increased interest in gold [3] Group 2: Company Announcements - InnoCare (02577) surged over 8% after being named the only Chinese chip company in NVIDIA's 800VDC power architecture collaboration, indicating a significant partnership in AI data centers [2] - Derun Shipping (02510) announced a profit forecast of approximately $180 million to $200 million for the six months ending June 30, 2025, representing a 220% to 255% increase compared to the previous year [2] - China Eastern Education (00667) reported an expected profit increase of no less than 45% for the first half of the year, driven by a 7% increase in new student registrations and effective cost control [3] Group 3: Financial Results - Amazon (AMZN.US) reported second-quarter earnings that exceeded expectations, with AWS revenue growing 17% year-over-year, but the third-quarter profit guidance fell short of market expectations [5] - Coinbase (COIN.US) saw a 16.7% drop after reporting second-quarter revenue of $1.5 billion, which was below analyst expectations, despite a significant profit increase due to investments [5] - Moderna (MRNA.US) experienced a decline of over 10% due to delays in vaccine shipments, leading to a downward revision of its revenue forecast for 2025 [7]

(责任编辑：宋政 HN002) 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 格隆汇8月4日｜港股半导体股走强，其中，顺泰控股、英诺赛科涨超7%，上海复旦涨超6%，华虹半导 体涨超5%，美佳音控股涨超4%，中芯国际、脑洞科技、晶门半导体、中电华大科技涨超2%。 | 代码 | 名称 | | 涨跌幅 √ | 最新价 | 总市值 | | --- | --- | --- | --- | --- | --- | | 01335 | 顺泰控股 | 0 | 7.83% | 0.124 | 3.02亿 | | 02577 | 英诺赛科 | | 7.90% | 62.150 | 555.87亿 | | 01385 | 上海賞目 | | 6.18% | 33.180 | 272.55亿 | | 01347 | 华虹半导体 | | 5.96% | 41.800 | 721.92亿 | | 06939 | 美佳音控股 | | ...

智通财经获悉，芯片股涨幅居前，截至发稿，华虹半导体(01347)涨5.2%，报41.5港元；上海复旦 (01385)涨3.94%，报32.48港元；中芯国际(00981)涨3.1%，报51.6港元；中电华大科技(00085)涨2.11%， 报1.45港元。 消息面上，据"网信中国"公众号消息，近日，英伟达算力芯片被曝出存在严重安全问题。依据《网络安 全法》《数据安全法》《个人信息保护法》有关规定，国家互联网信息办公室于2025年7月31日约谈了 英伟达公司，要求英伟达公司就对华销售的H20算力芯片漏洞后门安全风险问题进行说明并提交相关证 明材料。 开源证券指出，此次事件是中美科技博弈的缩影，短期虽将抑制国内互联厂商资本开支投入，但长期倒 逼中国AI产业构建"技术-安全-生态"三位一体的自主可控体系，有望推动行业更稳定、健康地发展。国 产替代进程提速下，自主可控链条投资机遇值得关注。华西证券认为，在美国芯片安全法案、H20约谈 等一系列因素催化下，包括华为昇腾、寒武纪等国产AI算力芯片有望借此加速国产化进程，长期确定 性增长主线更加明确。 本文源自智通财经网 ...

截至发稿， 英诺赛科(02577.HK)涨7.47%、 华虹半导体(01347.HK)涨7.22%、 上海复旦(01385.HK)涨 5.41%。其中英诺赛科领涨，该公司与 英伟达达成合作，联合推动800 VDC(800伏直流)电源架构在AI数 据中心的规模化落地。 ...

每经AI快讯，8月4日，华虹半导体涨幅扩大至7.1%，报42.24港元。 （文章来源：每日经济新闻） ...

格隆汇8月4日｜港股低开高走，恒生科技指数涨幅一度扩大至超1%。军工、黄金、半导体、影视等概 念涨幅居前，华虹半导体涨超6%，中芯国际涨超3%。 ...

开源证券指出，此次事件是中美科技博弈的缩影，短期虽将抑制国内互联厂商资本开支投入，但长期倒 逼中国AI产业构建"技术-安全-生态"三位一体的自主可控体系，有望推动行业更稳定、健康地发展。国 产替代进程提速下，自主可控链条投资机遇值得关注。华西证券（002926）认为，在美国芯片安全法 案、H20约谈等一系列因素催化下，包括华为昇腾、寒武纪等国产AI算力芯片有望借此加速国产化进 程，长期确定性增长主线更加明确。 芯片股涨幅居前，截至发稿，华虹半导体(01347)涨5.2%，报41.5港元；上海复旦(01385)涨3.94%，报 32.48港元；中芯国际(00981)涨3.1%，报51.6港元；中电华大科技(00085)涨2.11%，报1.45港元。 消息面上，据"网信中国"公众号消息，近日，英伟达算力芯片被曝出存在严重安全问题。依据《网络安 全法》《数据安全法》《个人信息保护法》有关规定，国家互联网信息办公室于2025年7月31日约谈了 英伟达公司，要求英伟达公司就对华销售的H20算力芯片漏洞后门安全风险问题进行说明并提交相关证 明材料。 ...