Core Insights - The AI computing power industry chain is experiencing significant growth, with impressive Q1 performance across various sectors, indicating a high level of market activity and investment opportunities [2][3]. Group 1: Domestic Developments - ByteDance's Volcano Engine launched multiple Agent tools and AI data lake services to accelerate Agent development and operations for vertical enterprises [1][3]. - Meituan announced AI recruitment for various roles, aiming to develop a Native AI Agent product [1][3]. - Companies like Guanghuan Xinnet and Baoxin Software are investing in new projects, reflecting a growing demand for AIDC (AI Data Center) [1][3]. Group 2: AI Computing Power Performance - Haiguang Information reported a contract liability of 3.237 billion yuan in Q1 2025, a year-on-year increase of 113,510.65% [2]. - Huajin Technology achieved revenue of 34.998 billion yuan in Q1 2025, up 115.65% year-on-year [2]. - New Yisheng's net profit reached 1.573 billion yuan in Q1 2025, marking a 384.54% increase year-on-year [2]. Group 3: International Developments - Google Cloud generated revenue of $12.3 billion in Q1 2025, a 28% year-on-year increase, with an operating profit margin of 17.7%, up 8.4 percentage points [3]. - Viavi Solutions saw a 13% year-on-year increase in orders in Q1 2025, with a 21% quarter-on-quarter growth, indicating strong demand from data centers [3]. Group 4: Investment Recommendations - Recommended stocks in AIDC construction include Xinyi Network Group, Yingweike, and Baoxin Software [5]. - Recommended stocks in IT include Unisoc and ZTE Corporation, with beneficiaries like Cambrian and Haiguang Information [5]. - Recommended stocks in cloud computing include China Mobile, China Telecom, and China Unicom, with beneficiaries like Yunse Intelligent and Runjian Technology [5].

上海宝信软件股份有限公司公告 股票代码：A600845 B900926 股票简称：宝信软件 宝信 B 编号：临 2025-017 上海宝信软件股份有限公司 关于投资宝之云华北基地 A4A5A6 楼项目的公告 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法律责任。 重要内容提示： 投资项目名称：宝之云华北基地 A4A5A6 楼项目 投资金额：项目总投资约 17.43 亿元人民币 本次投资事项不构成关联交易和上市公司重大资产重组事项。 相关风险提示： 本项目投资规模大，建设运营周期长，算力中心建设面临市场需求变化快、算力资源布 局不断调整的挑战。 一、投资背景和概况 （一）基本情况 2021 年 5 月上海宝信软件股份有限公司（以下简称"宝信软件"或"公 司"）合资设立控股子公司河北宝宣数据科技有限公司（以下简称"河北宝 宣"），旨在充分利用张家口地区区位优势，推进宝之云全国布局。2024 年 9 月河北宝宣中标某数据中心项目，目前正在推进 A1、A2 楼数据中心项目 建设。根据合同相关条款约定，河北宝宣拟启动宝之华北基地 A4A5A6 ...

上海宝信软件股份有限公司公告 股票代码：A600845 B900926 股票简称：宝信软件 宝信 B 编号：临 2025-018 上海宝信软件股份有限公司 修改《公司章程》部分条款公告 2024 年 12 月 27 日，上海宝信软件股份有限公司（以下简称"公司"） 对部分限制性股票回购注销已实施完成，本次共注销 605,747 股，公司总 股本变更为 2,883,803,858 股。 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。 2025 年 4 月 25 日，公司召开第十届董事会第二十八次会议，审议通过 了《修改公司章程部分条款的议案》，对《公司章程》部分条款修改如下： 《公司章程》原"第六条 公司注册资本为人民币 2,884,409,605 元。" 修改为： "第六条 公司注册资本为人民币 2,883,803,858 元。" 原"第二十条 公司股份总数为 2,884,409,605 股。 股本结构为：人民币普通股 2,160,559,621 股，占 74.90%；境内上市 外资股 723,849,984 股，占 25.1 ...

上海宝信软件股份有限公司公告 股票代码：A600845 B900926 股票简称：宝信软件 宝信 B 编号：临 2025-019 上海宝信软件股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩说明会的公告 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法律责任。 重要内容提示： 上海宝信软件股份有限公司（以下简称"公司"）已于 2025 年 4 月 1 日发 布了 2024 年度报告，4 月 26 日发布了 2025 年第一季度报告，为便于广大 投资者更全面深入地了解 2024 年度和 2025 年第一季度经营成果、财务状 况，公司计划于 2025 年 5 月 14 日（星期三）9:30-10:30 举行 2024 年度暨 2025 年第一季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以视频结合网络互动召开，公司将针对 2024 年度和 2025 年第一季度的经营成果及财务指标的具体情况与投资者进行互动交流 和沟通，在信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时 ...

上海宝信软件股份有限公司公告 股票代码：A600845 B900926 股票简称：宝信软件 宝信 B 编号：临 2025-016 上海宝信软件股份有限公司 第十届监事会第二十八次会议决议公告 本公司监事会及全体监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。 上海宝信软件股份有限公司第十届监事会第二十八次会议通知于 2025 年 4 月 15 日以电子邮件的方式发出，于 2025 年 4 月 25 日以现场和视频会 议相结合方式召开，应到监事 3 人，实到 3 人。本次会议符合《公司章程》 和有关法律、法规的要求，会议合法有效。 会议由监事会主席蒋育翔先生主持，审议了以下议案： 一、2025 年第一季度报告的议案 公司 2025 年第一季度财务报告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，真实反映了公司的财务状况及经营成果。 表决情况：同意 3 票，反对 0 票，弃权 0 票。是否通过：通过。 二、出资设立沙特分公司的议案 表决情况：同意 3 票，反对 0 票，弃权 0 票。是否通过：通过。 上海宝信软件股份有限公司 三、宝之云华北基地 ...

上海宝信软件股份有限公司公告 股票代码：A600845 B900926 股票简称：宝信软件 宝信 B 编号：临 2025-015 上海宝信软件股份有限公司 第十届董事会第二十八次会议决议公告 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法律责任。 一、2025 年第一季度报告的议案 本议案已经公司董事会审计委员会审议通过，同意提交董事会审议。 表决情况：同意 11 票，反对 0 票，弃权 0 票。是否通过：通过。 二、出资设立沙特分公司的议案 董事会批准在沙特设立上海宝信软件股份有限公司沙特阿拉伯分公司 （暂定名，最终名称以当地相关部门批准文件或许可证件为准，以下简称 沙特分公司）。沙特分公司注册资本为 100 万美元，将依托宝信软件总部在 钢铁、制造及能源行业的长期积累，尤其是在 ERP、MOM、决策支持系统、 边缘计算等领域的技术优势，结合沙特市场的特点，建立本地技术团队并 快速响应客户需求，提供量身定制的解决方案，帮助客户实现数字化转型 - 1 - 上海宝信软件股份有限公司公告 上海宝信软件股份有限公司第十届董事会第二十八次会议 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,538,047,248.93, a decrease of 25.16% compared to CNY 3,391,127,645.46 in the same period last year[3] - Net profit attributable to shareholders for Q1 2025 was CNY 444,637,060.93, down 24.60% from CNY 589,681,019.87 year-on-year[3] - The net profit after deducting non-recurring gains and losses was CNY 421,718,942.92, reflecting a decline of 28.05% compared to CNY 586,090,919.40 in the previous year[3] - Basic earnings per share for Q1 2025 were CNY 0.156, a decrease of 25.00% from CNY 0.250 in the same period last year[4] - The company's net profit for Q1 2025 was not explicitly stated but can be inferred from the operating income and costs[16] - The net profit for Q1 2025 was CNY 452,084,156.40, a decrease of 23.3% compared to CNY 589,384,795.18 in Q1 2024[17] - The total comprehensive income attributable to the parent company was CNY 445,322,736.46, down from CNY 587,903,466.05 in the previous year, reflecting a decline of 24.2%[19] - Basic earnings per share for Q1 2025 were CNY 0.156, compared to CNY 0.208 in Q1 2024, representing a decrease of 25.0%[19] - The total profit for Q1 2025 was CNY 498,731,919.42, a decrease of 24.0% compared to CNY 655,627,834.44 in Q1 2024[17] Assets and Liabilities - The total assets at the end of Q1 2025 were CNY 22,458,890,455.68, an increase of 3.80% from CNY 21,636,685,902.19 at the end of the previous year[4] - The equity attributable to shareholders increased by 5.59% to CNY 12,035,956,634.79 from CNY 11,398,233,859.01 at the end of the previous year[4] - Total current assets increased to CNY 17,286,063,233.53 as of March 31, 2025, from CNY 16,655,324,893.31 at the end of 2024, representing an increase of 3.8%[13] - Inventory as of March 31, 2025, was CNY 3,318,770,980.95, up 22.0% from CNY 2,723,275,897.85 at the end of 2024[12] - Total liabilities increased to CNY 9,524,128,285.01 as of March 31, 2025, compared to CNY 9,351,236,268.07 at the end of 2024, reflecting a growth of 1.8%[14] - The company's total liabilities decreased to CNY 8.54 billion as of March 31, 2025, from CNY 8.74 billion on December 31, 2024, indicating a reduction of approximately 2.3%[26] - The company's equity increased to CNY 11.28 billion as of March 31, 2025, compared to CNY 10.72 billion at the end of 2024, reflecting a growth of about 5.2%[27] Cash Flow - The net cash flow from operating activities for Q1 2025 was CNY 483,861,784.13, an increase of 2.97% compared to CNY 469,884,059.44 in the same period last year[3] - Cash inflows from operating activities totaled CNY 2,792,259,334.96, an increase of 6.9% from CNY 2,611,419,329.76 in the same period last year[21] - The net cash flow from operating activities was CNY 483,861,784.13, slightly up from CNY 469,884,059.44 in Q1 2024[22] - The company reported a net cash outflow from investing activities of CNY -465,509,546.79, worsening from CNY -87,449,173.77 in the previous year[22] - Cash and cash equivalents at the end of Q1 2025 stood at CNY 4,510,306,329.77, down from CNY 6,234,097,706.87 at the end of Q1 2024[22] - The company incurred a total operating profit of CNY 498,972,135.42, down 24.0% from CNY 655,689,461.03 in the previous year[17] - The company experienced a foreign exchange impact of CNY 1,230,928.27 on cash and cash equivalents during the quarter[22] Acquisitions and Deregistrations - The company completed the acquisition of 100% equity in Yunnan Kunsteel Electronic Information Technology Co., Ltd. for CNY 149 million in February 2025[10] - The subsidiary Anhui Xiangyun Technology Co., Ltd. was deregistered in February 2025, and it will no longer be included in the consolidated financial statements from March 2025[10] Research and Development - The company reported a significant increase in research and development expenses, totaling CNY 295,856,724.11 in Q1 2025, compared to CNY 320,382,724.38 in Q1 2024[16] - Research and development expenses remained stable at CNY 248.57 million in Q1 2025, slightly up from CNY 248.28 million in Q1 2024[28] Future Plans - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[16] Financial Management - The company reported a decrease in sales expenses to CNY 28.88 million in Q1 2025 from CNY 36.32 million in Q1 2024, a reduction of approximately 20.5%[28] - The company’s financial expenses showed a significant improvement, with a net expense of CNY 2.82 million in Q1 2025 compared to a net income of CNY 11.05 million in Q1 2024[28] - The company will not apply new accounting standards starting from 2025[34]

| 第一章 | 总则------------------------------------------------------------------2 | | --- | --- | | 第二章 | 经营宗旨和范围--------------------------------------------------------3 | | 第三章 | 股份------------------------------------------------------------------3 | | 第四章 | 股东和股东大会--------------------------------------------------------5 | | 第五章 | 董事会---------------------------------------------------------------14 | | 第六章 | 党委-----------------------------------------------------------------20 | | 第七章 | 经理及其他高级管理人员---------- ...

宝信软件（600845）公告，2025年第一季度营收为25.38亿元，同比下降25.16%；净利润为4.45亿元， 同比下降24.60%。 ...

@ JIN10.COM 金十数据 | 一个交易工具 | 25 | | 唯品会 | 66.57 | | | --- | --- | --- | --- | --- | | 26 | માં છે. | 好未来 | 66.49 | | | 27 | | 金山软件 | 64.83 | | | 28 | | 用友网络 | 63.43 | | | 29 | | 同程旅行 | 61.83 | | | 30 | | 奇富科技 | 55.03 | 1 ↑ | | 31 | | 金蝶国际 | 54.3 | -1 1 | | 32 | | 柏楚电子 M | 53.93 | | | 33 | Horoun | 润和软件 | 53.74 | | | 34 | | 中国软件 | 51.28 | | | 35 | KUNLUN | 昆仑万维 | 51.2 | 11 | | 36 | | 深信服 | 50.87 | -1 1 | | 37 | 2) | 三七互娱 | 48.37 | 1 1 | | 38 | | 拓维信息 | 48.03 | -1 | | 39 | | 恺英网络 | 47.5 | | | 40 | | 万国数据 | 45. ...