IT之家 8 月 18 日消息，据长江云新闻报道，今日金山武汉总部新园区（即"武汉金山软件园"）开园。金山集团 董事长、小米集团创始人兼 CEO 雷军介绍，小米、金山在汉人数已突破 9000 人，今年年内就将完成"万人研发 中心"目标。 据IT之家了解，武汉金山软件园位于光谷新区，紧邻光谷生态大走廊，北侧与小米武汉科技园相邻。该园区已 成为金山多个核心业务在全国最大的研发中心。自 2017 年以来，金山集团多家子公司陆续落户武汉。 武汉金山软件园占地 118 亩，总建筑面积达 28 万平方米，最多可容纳 9000 人同时办公。园区不仅配备了现代 化的办公楼，还设有食堂楼、公寓楼、健身房、空中花园和室内体育馆等设施。 ...

Group 1: Macro Strategy and Market Overview - The three major equity indices continued to rise in early August, with the Shanghai Composite Index and Shenzhen Component Index both increasing by over 2%, and the ChiNext Index rising by 4.88% [20][21] - The central bank's net cash injection was 163.5 billion yuan, maintaining stable liquidity in early August, with the 7-day reverse repo rate (DR007) hovering around 1.45% [21][22] - Commodity prices showed mixed trends, with non-ferrous metals rebounding, crude oil slightly declining, and precious metals rebounding again [21] Group 2: Fixed Income and Bond Market - The upcoming issuance of 20-year special government bonds is expected to peak, presenting trading opportunities during the issuance process [2] - The new and old bond yield spread for 20-year bonds typically narrows by 0.4-1.5 basis points, with notable exceptions during significant market events [2] Group 3: Export Growth and Trade Analysis - China's exports showed steady growth in the first seven months of 2025, with a cumulative year-on-year increase of 6.1%, surpassing the 5.8% growth rate for the entire year of 2024 [23][24] - The global trade volume is expected to cool down in the second half of the year, influenced by preemptive demand in the U.S. and a decline in imports [23][24] - China's share of global exports has been increasing, with a notable rise in exports to non-U.S. regions compensating for declines in U.S. exports [24][25] Group 4: Company-Specific Insights - Yuan Da Pharmaceutical achieved a revenue of 10.784 billion yuan in 2024, a year-on-year increase of 10.59%, and a net profit of 2.286 billion yuan, up 31.28% [28][31] - The company is pioneering a new treatment for sepsis, STC3141, which has shown promising results in clinical trials [29][30] - Yuan Da's nuclear medicine segment is expanding, with significant sales growth expected from its core product, yttrium-90 microspheres, which has treated nearly 2,000 patients [30][31] Group 5: Industry Trends and Recommendations - The semiconductor industry is projected to continue its optimistic growth trajectory in 2025, driven by AI and high-performance computing [7] - The demand for storage solutions, particularly HBM and DDR5, is expected to remain strong, with price increases anticipated in the third quarter [7] - The construction materials sector, particularly cement and explosives, is expected to benefit from major infrastructure projects like the New Tibet Railway [34]

Investment Rating - The industry investment rating is "Outperform the Market," indicating an expected industry index increase of over 5% in the next six months [58]. Core Insights - The report highlights the significant advancements in AI applications, particularly with the release of OpenAI's GPT-5, which is expected to accelerate commercialization in various high-frequency, high-value verticals [7][5]. - Companies like Duolingo, Palantir, and AppLovin have reported earnings that exceeded market expectations, showcasing the growing revenue contributions from AI capabilities [7][5]. - The report suggests a focus on companies with high retention rates and growth potential in sectors such as education, e-commerce, advertising, and enterprise data analysis [7][5]. Summary by Sections Key Company Financials - **Palantir**: Q2 revenue reached $1.004 billion, a 48% year-over-year increase, with a GAAP operating income of $269 million and an adjusted gross margin of 82% [14]. - **AMD**: Q2 revenue was $7.685 billion, a 32% year-over-year increase, with a gross margin of 54% and operating income of $897 million [19]. - **AppLovin**: Q2 advertising revenue grew 77% year-over-year to approximately $1.26 billion, with an adjusted EBITDA of $1.02 billion [24]. - **Duolingo**: Q2 revenue reached $252.3 million, a 41% year-over-year increase, with a gross margin of 72.4% [29]. - **Datadog**: Q2 revenue was $827 million, a 28% year-over-year increase, with a gross margin of 80.9% [33]. Global AI Developments - OpenAI launched two new large language models, gpt-oss-120b and gpt-oss-20b, which are open-weight models aimed at enhancing AI application performance [36]. - Google DeepMind introduced Genie 3, a model capable of generating interactive virtual worlds in real-time, marking a significant milestone in world modeling [40]. - Anthropic released Claude Opus 4.1, which shows improvements in coding and reasoning capabilities compared to its predecessor [45]. - OpenAI's GPT-5 was officially released, featuring a significant reduction in hallucination rates and enhanced reasoning capabilities [49].

隔夜美股三大指数集体收涨，苹果涨超5%，中概指数涨0.93%。港股三大指数集体高开，恒指涨 0.29%，国指涨0.24%，恒生科技指数涨0.27%。盘面上，大型科技股全线上涨，阿里巴巴涨2%，快手 涨1.38%，京东涨近1%，百度、美团、网易、腾讯均飘红，惟小米下跌3.43%；美股苹果股价大涨超 5%，港股苹果概念股闻声上涨，高伟电子涨近5%，瑞声科技、舜宇光学涨2%；AI概念股走强，赤子 城科技发盈喜大涨超9%，美图公司、心动公司、微盟集团、金山软件齐涨；钢铁股、濠赌股、建材水 泥股、高铁基建股普遍上涨。另一方面，汽车股普遍下跌，小鹏汽车跌近2%，半导体股、家电股、黄 金股部分走弱。(格隆汇) ...

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7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: | 金山軟件有限公司 | | | 呈交日期: | 2025年8月6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) | 03888 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,400,000,000 | USD | | 0.0005 USD | | 1,200,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 2,400,000,000 | ...

格隆汇8月4日丨金山软件(03888.HK)宣布，公司将于2025年8月20日（星期三）召开董事会会议，藉以 （其中包括）审议及批准公司及其附属公司截至2025年6月30日止三个月及六个月的业绩。 ...

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之內容概不負責，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依賴該等內容而引致之任何損失承擔任 何責任。 Kingsoft Corporation Limited 金山軟件有限公司 （股份代號：03888） 董事會會議通知 金山軟件有限公司（「本公司」）董事會（「董事會」）謹此宣佈本公司將於二零二五年八月 二十日（星期三）召開董事會會議，藉以（其中包括）審議及批准本公司及其附屬公司截 至二零二五年六月三十日止三個月及六個月之業績。 承董事會命 金山軟件有限公司 主席 雷軍 香港，二零二五年八月四日 於本公告日期，本公司執行董事為鄒濤先生；本公司非執行董事為雷軍先生、求伯君先生和姚磊文先生；本公司 獨立非執行董事為王舜德先生、陳作濤先生和武文潔女士。 （於開曼群島持續經營的有限公司） ...

| 42 | 0 | 三七互娱 | 51.09 | -1 + | | --- | --- | --- | --- | --- | | 43 | | 常山北明 | 50.65 | -1 0 | | 44 | | 中国民航信息网络 | 46.97 | -1 + | | 45 | | 奇富科技 | 45.25 | -1 + | | 46 | | 岩山科技 | 44.28 | | | 47 | INESA | 云赛智联 | 42.59 | -1 + | | 48 | DHC | 东华软件 | 41.41 | | | 49 | | 银之杰 | 40.59 | | | 50 | | 阅文集团 | 39.68 | 1 t | 每日根据市值计算出前50名公司,美元港元按照当日汇率中间价折算 @ JIN10.COM D. 金十数据 | 一个交易工具 | 排名 | | 公司 | 市值(亿美元) | 排名变化 | | --- | --- | --- | --- | --- | | 1 | | 台积电 | 12199.22 | | | 2 | | 腾讯控股 | 6346.48 | | | 3 | | 阿里巴巴 | 2791.93 | ...

中金也表示，预计二季度金山软件收入22.9亿元，同比下滑7.5%；预计办公业务增长修复，游戏业务高 基数下承压。该行指出，剑侠情缘系列续作《剑侠情缘·零》已于5月29日开启全平台公测，上线后表现 较为平淡；科幻机甲新游《解限机》亦已于7月2日全球公测上线，公测首日Steam峰值同时在线人数突 破13万人。基于对新游戏表现及老游戏持续性的审慎假设，该行将全年游戏收入增速预测由5%下调至 持平。 智通财经APP获悉，金山软件(03888)跌超4%，截至发稿，跌4.06%，报34.3港元，成交额4.03亿港元。 消息面上，大摩近日发布研报称，将金山软件评级由"增持"降至"与大市同步"，原因是其主要游戏《解 限机》的首载表现逊预期。办公软件AI变现仍面对困难。大摩亦将金山软件2025至2027年游戏收入预 测下调11%至13%，每股盈利预测下调25%至30%。目标价由45港元降至41港元。 ...

消息面上，大摩近日发布研报称，将金山软件评级由"增持"降至"与大市同步"，原因是其主要游戏《解 限机》的首载表现逊预期。办公软件AI变现仍面对困难。大摩亦将金山软件2025至2027年游戏收入预 测下调11%至13%，每股盈利预测下调25%至30%。目标价由45港元降至41港元。 金山软件(03888)跌超4%，截至发稿，跌4.06%，报34.3港元，成交额4.03亿港元。 中金也表示，预计二季度金山软件收入22.9亿元，同比下滑7.5%；预计办公业务增长修复，游戏业务高 基数下承压。该行指出，剑侠情缘系列续作《剑侠情缘.零》已于5月29日开启全平台公测，上线后表现 较为平淡；科幻机甲新游《解限机》亦已于7月2日全球公测上线，公测首日Steam峰值同时在线人数突 破13万人。基于对新游戏表现及老游戏持续性的审慎假设，该行将全年游戏收入增速预测由5%下调至 持平。 ...