云赛智联股份有限公司 2025 年第一次临时股东会会议文件 云赛智联股份有限公司 2025 年第一次临时股东会 会议文件 二〇二五年十一月 云赛智联股份有限公司 2025 年第一次临时股东会会议文件目录 | 一 | 公司 2025 | 年第一次临时股东会有关规定 | | --- | --- | --- | | 二 | 公司 2025 | 年第一次临时股东会表决办法说明 | | 三 | 公司 2025 | 年第一次临时股东会会议议程 | | 1 | 关于增加 | 2025 年度日常关联交易额度的议案 | | 2.00 | 关于选举董事的议案 | | | 2.01 | 选举刘山泉先生为公司第十二届董事会董事 | | | 2.02 | 选举田明先生为公司第十二届董事会董事 | | - 2 - 云赛智联股份有限公司 2025 年第一次临时股东会会议文件 云赛智联股份有限公司 2025 年第一次临时股东会有关规定 为了维护投资者的合法权益，确保股东在公司 2025 年第一次临时股东会期 间依法行使权利，保证股东会的正常秩序和议事效率，依据中国证券监督管理委 员会《上市公司股东会规则》的有关规定，制定如下有关规定： 一、 ...

计算机 | 证券研究报告 — 行业周报 2025 年 11 月 4 日 AI 进一步融入应用 计算机行业"一周解码" "十五五"规划《建议》要求全面实施"人工智能+"行动，AI 与应用深度融合；英 伟达发布 NVQLink 开放架构，打通量子计算与 GPU 算力边界；Cursor 推出自研模 型 Composer 与多智能体协作系统，AI 编程工具迈向自主智能开发新阶段；OpenAI 完成重组并筹备万亿级 IPO，资本化进程全面提速；越疆机器人斩获 8050 万元具身 智能大单，实现人形机器人在高端制造场景的规模化落地。 支撑评级的要点 【金山办公】公司于 2025 年 10 月 28 日公布财报。2025Q3 公司实现总营业收入 15.21 亿元， 同比上升 25.33%；利润总额 4.63 亿元，同比上升 39.38%；实现归母净利润 4.31 亿元，同 比上升 35.42%。 【云赛智联】董事会于 2025 年 10 月 27 日收到公司董事长、法定代表人黄金刚先生的书面 辞职报告。黄金刚先生因到龄退休，申请辞去云赛智联董事长、董事、董事会战略委员会 主任及委员、董事会提名委员会委员、董事会薪酬与考核委 ...

Core Viewpoint - YunSai ZhiLian is a significant player in the smart city sector in China, providing core software and hardware products and comprehensive solutions, with a differentiated advantage in technology and resource integration [1] Group 1: Business Performance - In Q3 2025, YunSai ZhiLian achieved a revenue of 4.599 billion yuan, ranking 5th out of 102 in the industry, significantly above the industry average of 1.712 billion yuan and median of 419 million yuan, but still far behind the top competitors [2] - The net profit for the same period was 161 million yuan, ranking 12th in the industry, exceeding the average net profit of 26.43 million yuan and median of -7.1992 million yuan, yet still trailing behind the leaders [2][6] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 39.00%, an increase from 30.82% year-on-year, and above the industry average of 31.94%, indicating rising debt pressure [3] - The gross profit margin was 16.66%, down from 19.59% year-on-year and significantly lower than the industry average of 41.71%, suggesting a need for improvement in profitability [3] Group 3: Management and Shareholder Structure - The controlling shareholder is Shanghai Yidian (Group) Co., Ltd., with the actual controller being the Shanghai State-owned Assets Supervision and Administration Commission [4] - The general manager, Jiang Xiaoyong, has a rich background in technology and management, previously holding positions in related companies [4] Group 4: Shareholder Changes - As of February 3, 2017, the number of A-share shareholders decreased by 47.11% to 75,700, while the average number of circulating A-shares held per account increased by 215.68% [5] - As of September 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, with notable changes in shareholdings [5] Group 5: Future Outlook - West Securities projects revenues for 2025 to 2027 at 6.434 billion yuan, 7.516 billion yuan, and 8.818 billion yuan, with year-on-year growth rates of 14.4%, 16.8%, and 17.3% respectively, maintaining a "buy" rating [6] - Guosheng Securities anticipates revenues of 6.489 billion yuan, 7.593 billion yuan, and 8.943 billion yuan for the same period, with net profits expected to rise correspondingly [7]

Group 1 - The Computer ETF (159998) has risen by 0.28% as of October 28, 2025, marking its fourth consecutive increase, with a turnover rate of 4.25% and a transaction volume of 121 million yuan [3] - The Computer ETF (159998) has seen a cumulative increase of 3.82% over the past week, ranking first among comparable funds, with a significant growth in scale of 8.639 million yuan [3] - The Tianhong Sci-Tech Index ETF (589860) has a turnover rate of 11.44% and a transaction volume of 40.4241 million yuan, indicating active market trading [3] Group 2 - The Computer ETF (159998) covers a wide range of sectors including information technology services, application software, and communication equipment, featuring leaders in AI applications and hardware manufacturing [4] - The Tianhong Sci-Tech Index ETF (589860) covers 97% of the market capitalization of the Sci-Tech board, with a balanced allocation in strategic emerging industries such as semiconductors and artificial intelligence [4] - The U.S. Department of Energy has announced a collaboration with NVIDIA and Oracle to build seven new AI supercomputers, emphasizing the importance of AI in scientific research [5] Group 3 - The quantum technology market is expected to exceed $6.1 billion globally by 2025, with China's market projected to reach 11.56 billion yuan, reflecting a compound annual growth rate of over 30% [6] - CITIC Securities highlights the need to accelerate innovation in AI and digital technologies, predicting significant growth in capital expenditure related to AI model development [7]

900901 云赛 B 股 | | | | | | | | 是否继续 | | 是否存 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 姓名 | 离任职务 | 离任时 间 | | 原定任 期到期 | | 离任 原因 | 在上市公 司及其控 | 具体职 务（如 | 在未履 行完毕 | | | | | | 日 | | | 股子公司 | 适用） | 的公开 | | | | | | | | | 任职 | | 承诺 | | 黄金刚 | 董事长、董事、董事 | 2025 | 年 | 2026 | | 到 龄 | 否 | 不适用 | 否 | | | 会战略委员会主任 | 10 月 | 27 | 年 5 | 月 | 退休 | | | | | | 及委员、董事会提名 | 日 | | 18 日 | | | | | | | | 委员会委员、董事会 | | | | | | | | | | | 薪酬与考核委员会 | | | | | | | | | | | 委员、法定代表人 | | | | | | | | | 二、离任对公司的影响 根据《公司法》《上海证券 ...

证券代码：600602 证券简称：云赛智联 编号：临2025-040 900901 云赛 B 股 云赛智联股份有限公司 二、预计增加的关联交易类别与金额 单位：万元 | | | | | | 新增后2025 | 占同类 | 本年年初至 | | 占同类 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 关联交 | 关联人 | 本次预计金 | 2025年度原 | 新增预计额 | 年度预计金 | 业务比 | 披露日与关 | 2024年实际 | | | | | | | | | | | | 业务比 | | 易类别 | | 额 | 预计额度 | 度 | 额 | 例（%） | 联人累计已 | 发生金额 | | | | | | | | | | 发生的交易 | | 例（％） | 关于增加2025年度日常关联交易额度的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 一、日常关联交易基本情况 公司于 2025 年 3 月 25 日召开第十一届 ...

证券代码：600602 证券简称：云赛智联 公告编号：2025-041 重要内容提示： 一、 召开会议的基本情况 900901 云赛 B 股 云赛智联股份有限公司 关于召开2025年第一次临时股东会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 (一)股东会类型和届次 2025年第一次临时股东会 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 11 月 13 日 14 点 30 分 召开地点：上海市徐汇区虹漕路 39 号华鑫科技园 D3 栋 3 楼会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 11 月 13 日 至2025 年 11 月 13 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00； ...

证券代码：600602 证券简称：云赛智联 编号：临 2025-039 900901 云赛 B 股 云赛智联股份有限公司 十二届二十二次董事会会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 云赛智联股份有限公司（以下简称：云赛智联、公司）董事会十二届二十 二次会议通知于2025年10月22日发出，并于2025年10月28日以通讯表决方式召 开会议。会议应出席董事5人，实际出席董事5人。会议由公司董事江骁勇先生 主持，公司高级管理人员列席了本次会议。本次会议符合《公司法》、《上海 证券交易所股票上市规则》和《公司章程》等有关法律、法规的要求，所做决 议合法有效。会议审议并通过了以下议案： 一、关于董事长辞职暨推举董事代行董事长、法定代表人职责的议案； 表决结果：5票赞成，0票反对，0票弃权。 公司董事会于 2025 年 10 月 27 日收到公司董事长、法定代表人黄金刚先生 的书面辞职报告。黄金刚先生因到龄退休，申请辞去云赛智联董事长、董事、 董事会战略委员会主任及委员、董事会提名委员会委员、董事会薪酬与考核 ...

Core Points - The chairman of the company, Huang Jingang, has submitted a written resignation due to reaching retirement age, resigning from the positions of chairman and director, and will no longer hold any position within the company [1] - The resignation will not affect the normal operation of the company's board of directors, and the company has convened a meeting to appoint Jiang Xiaoyong to assume the duties of chairman [1]

Core Points - YunSai ZhiLian's stock price increased by 5.28% to 20.33 CNY per share, with a trading volume of 482 million CNY and a turnover rate of 2.27%, resulting in a total market capitalization of 27.805 billion CNY [1] - The stock has risen for three consecutive days, with a cumulative increase of 1.63% during this period [1] Company Overview - YunSai ZhiLian Co., Ltd. is located at 180 Yizhou Road, Building B6, 9-10 Floor, Xuhui District, Shanghai, and was established on May 28, 1993, with its listing date on December 19, 1990 [1] - The company's main business involves providing core software and hardware products and comprehensive solutions for smart cities [1] - Revenue composition: Cloud computing and big data (53.32%), industry solutions (42.35%), smart products (7.33%), other products (0.12%), and others (0.01%) [1] Shareholder Information - Among the top ten circulating shareholders, a fund under Huatai-PineBridge ranked first [2] - The CSI Shanghai State-Owned Enterprises ETF (510810) reduced its holdings by 594,600 shares in the third quarter, holding 4.624 million shares, which accounts for 0.34% of circulating shares [2] - The estimated floating profit today is approximately 4.7165 million CNY, with a floating profit of 1.4334 million CNY during the three-day increase [2] Fund Manager Details - The fund manager of the CSI Shanghai State-Owned Enterprises ETF (510810) is Wu Zhenxiang, who has a cumulative tenure of 15 years and 269 days [3] - The fund's total asset size is 19.811 billion CNY, with the best return during his tenure being 200.84% and the worst being -31.53% [3]