曙光信息产业股份有限公司 简式权益变动报告书 上市公司名称：曙光信息产业股份有限公司 信息披露义务人名称：北京中科算源资产管理有限公司 住所/通讯地址：北京市海淀区海淀北二街 签署日期：二〇二五年四月二十五日 1 | 信息披露义务人声明 | | --- | | 第一节 释义 . | | 第二节 信息披露义务人介绍 . | | 第三节 权益变动目的及持股计划 | | 第四节 信息披露义务人权益变动方式 | | 第五节 前六个月内买卖中科曙光股份的情况 . | | 第六节 其他重大事项 . | | 第七节 信息披露义务人声明 | | 第八节 备查文件 . | | 附表:简式权益变动报告书 14 | 股票简称：中科曙光 股票代码：603019 上市地点：上海证券交易所 信息披露义务人声明 一、本报告书系信息披露义务人依据《中华人民共和国证券法》（以下简称 《证券法》）、《上市公司收购管理办法》（以下简称《收购管理办法》）、 《公开发行证券的公司信息披露内容提要与格式准则第 15 号——权益变动报告 书》（以下简称《准则 15 号》）等相关法律、法规和规范性文件编制。 二、信息披露义务人签署本报告书已获得必要的授权和 ...

Market Overview - The Shanghai Composite Index fell by 0.07% on April 25, with 21 out of the 28 sectors experiencing gains, led by utilities and telecommunications, which rose by 1.36% and 1.15% respectively [1] - The computer industry also saw an increase of 0.78% [1] Capital Flow Analysis - The net inflow of capital in the two markets was 4.975 billion yuan, with 14 sectors experiencing net inflows [1] - The computer industry had the highest net inflow of 3.368 billion yuan, followed by utilities with a net inflow of 1.581 billion yuan [1] Computer Industry Performance - Within the computer sector, 336 stocks were tracked, with 227 stocks rising and 100 stocks declining [2] - The top stock in terms of net capital inflow was Tuowei Information, which saw an inflow of 1.750 billion yuan, followed by Yunsai Zhili and Meiri Interactive with inflows of 365 million yuan and 281 million yuan respectively [2] - The stocks with the highest net outflows included Yanshan Technology, Sifang Jingchuang, and Zhongke Shuguang, with outflows of 168 million yuan, 147 million yuan, and 89.81 million yuan respectively [2][3] Top Gainers in Computer Sector - The top gainers in the computer sector included: - Tuowei Information: +10.01% with a turnover rate of 16.82% and a capital flow of 1.750 billion yuan - Yunsai Zhili: +5.61% with a turnover rate of 11.04% and a capital flow of 364.72 million yuan - Meiri Interactive: +5.43% with a turnover rate of 25.08% and a capital flow of 281.30 million yuan [2] Top Losers in Computer Sector - The top losers in the computer sector included: - Yanshan Technology: -1.16% with a turnover rate of 3.95% and a capital outflow of 167.94 million yuan - Sifang Jingchuang: -4.40% with a turnover rate of 16.27% and a capital outflow of 146.70 million yuan - Zhongke Shuguang: +0.03% with a turnover rate of 1.25% and a capital outflow of 89.81 million yuan [3]

资金面上看，今日数据安全概念板块获主力资金净流出39.43亿元，其中，122股获主力资金净流出，13 股主力资金净流出超亿元，净流出资金居首的是浙大网新，今日主力资金净流出4.64亿元，净流出资金 居前的还有中科曙光、中国长城、汉得信息等，主力资金分别净流出2.21亿元、1.93亿元、1.75亿元。 今日主力资金净流入居前的概念股有万兴科技、ST华通、海天瑞声等，主力资金分别净流入7076.44万 元、4615.66万元、2811.74万元。（数据宝） 数据安全概念资金流出榜 截至4月24日收盘，数据安全概念下跌3.07%，位居概念板块跌幅榜前列，板块内，星光股份、*ST信通 等跌停，东方通、信雅达、永信至诚等跌幅居前，股价上涨的有6只，涨幅居前的有ST证通、ST华通、 陕鼓动力等，分别上涨5.10%、2.39%、1.98%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | PEEK材料 | 3.70 | 电子身份证 | -3.20 | | 丙烯酸 | 1.89 | 华为盘古 | -3.13 | | 天津自贸 ...

点击上方"公众号"可订阅哦！ 兴业证券计算机小组 蒋佳霖/孙乾/ 杨本鸿/ 陈鑫/张旭光/杨海盟/桂杨 数据来源:Wind,兴业证券经济与金融研究院整理 图 2、计算机行业的标准配置比例 4. 98 4. 58% 5% 3. 86% . 57% 4 4. 11% 3. 57% 4. 18% 4. 04% 3. 36% 56% 3. 54% 23% 4% 3. 3.52% 3, 2. 919 2. 86! 3.09 2. 68% 2- 71 67% 3% 2. 19% 2. 29% 2. 60% 2. 50% 2. 08% 1_38% 1. 65% 2% 1.4 1. 44% 1. 36% 1. 29% 1% 14% 13. 36% 11. 52% 12% 11. 30% 10% 8. 97% 8. 84% 7. 88% 7.72% 8% 7. 50% 6. 3 6. 75% 6. 119 6. 51% 696 4. 67% 5. 00% 4. 80% 4. 35% 4. 8RW 01% 4 496 4. 29% 4. 44% 3.64% A 149 3.78% 3.19% 3. 24% 2. 72% 2. 6 ...

证券代码：603019 证券简称：中科曙光 公告编号：2025-030 曙光信息产业股份有限公司 关于股东权益变动触及 1%的提示性公告 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： 本次权益变动为北京中科算源资产管理有限公司（以下简称"中科算源"） 履行此前披露的股份变动计划（详见公司公告：2025-001）所致，不触及要约收 购，不涉及公司控股股东及实际控制人发生变化。 本次权益变动后，中科算源持有公司股份从 239,388,281 股变为 233,501,081 股，持股比例由 16.36%变为 15.96%，适用变动触及 1%整数倍的情 形。 | 信息披露 | 股东名称 | 北京中科算源资产管理有限公司 | | --- | --- | --- | | 义务人 | 注册地 | 北京市海淀区 | | | 成立时间 | 2007-11-15 | | | 统一社会信用代码 | 91110108669117526D | （一）信息披露义务人基本信息 （二）信息披露义务人权益变动情况 1 | 股东名称 | ...

Summary of Conference Call on Zhongke Shuguang's Q1 2025 Financial Report Company Overview - Zhongke Shuguang is a leading enterprise in China's core infrastructure, primarily engaged in high-end computing, storage, network security, cloud computing, and big data applications [2][3] - The company has undergone a transformation since being placed on the U.S. Entity List in 2019, shifting towards upstream solutions [3][12] Financial Performance - For Q1 2025, Zhongke Shuguang reported revenue of 2.586 billion yuan, a year-on-year increase of 4.34% [6] - The company's net profit reached 185 million yuan, reflecting a significant year-on-year growth of 29.53% [6] - The adjusted net profit (excluding non-recurring items) was 110 million yuan, showing a remarkable increase of 96.28% [6] - Government subsidies contributed significantly to profits, accounting for over 50% of last year's profits [7] Investment and Market Dynamics - The company holds a 27.96% stake in Haiguang, which contributed approximately 81 million yuan to Zhongke Shuguang's profits in the previous year [7] - The increase in tariffs on U.S. imports, particularly CPUs, is expected to benefit domestic suppliers like Haiguang, enhancing their competitive edge [10][11] - The anticipated growth in AI chip demand and domestic alternatives may further accelerate the market shift towards local suppliers [11][12] Strategic Outlook - The company is expected to enter a new growth phase, driven by improvements in core business and investment income [9] - Future revenue growth is projected to continue, with a potential acceleration in the next one to two years [13] - The transformation towards upstream solutions may lead to fluctuations in revenue and profit, but long-term prospects remain positive [12] Risks and Considerations - The reliance on government subsidies and the performance of upstream partners pose risks to the company's financial stability [15] - The competitive landscape in the AI sector and potential delays in AI adoption could impact future growth [16] Conclusion - Zhongke Shuguang's recent financial performance indicates a positive trend, with significant growth in net profit and revenue. The company's strategic shift towards upstream solutions and the favorable market conditions due to tariff changes present opportunities for continued growth. However, reliance on government support and market dynamics in the AI sector remain critical factors to monitor.

Group 1 - The core index of the internet sector, the CSI Internet Index, opened high and rose by 0.79%, closing at 2762.22 points with a trading volume of 50.401 billion yuan [1] - Over the past month, the CSI Internet Index has decreased by 13.90%, while it has increased by 0.73% over the last three months and has fallen by 8.66% year-to-date [1] - The CSI Internet Index includes 50 listed companies involved in internet hardware, cloud computing, data center infrastructure, intelligent application software, internet operations, and content services [1] Group 2 - The top ten weighted companies in the CSI Internet Index are Hikvision (6.57%), ZTE Corporation (6.51%), Zhongke Shuguang (5.94%), iFlytek (5.13%), Zhongji Xuchuang (4.53%), Kingsoft Office (4.35%), Unisplendour (3.64%), Tonghuashun (3.52%), Xinyi Sheng (3.47%), and Inspur Information (3.08%) [1] - The market capitalization distribution of the CSI Internet Index shows that 71.69% of the holdings are from the Shenzhen Stock Exchange, while 28.31% are from the Shanghai Stock Exchange [2] Group 3 - The industry composition of the CSI Internet Index indicates that information technology accounts for 58.05% and communication services account for 41.95% [3] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [3] - In special circumstances, the index may undergo temporary adjustments, such as when a sample company is delisted or undergoes mergers, acquisitions, or splits [3] Group 4 - Public funds tracking the internet sector include Southern CSI Internet C and Southern CSI Internet A [4]

Investment Rating - The report maintains a "Recommended" rating for the industry, indicating a positive outlook for the sector's fundamentals and expected performance relative to the benchmark index [3]. Core Insights - The report emphasizes the increasing importance of self-controllable technology in the context of ongoing US-China trade tensions, suggesting that domestic CPU processors and related chips may gain price advantages due to tariff impacts on US manufacturers [1][19]. - The report highlights significant changes in tariff rates, with the US imposing additional tariffs on Chinese products, which have reached 145%, and China responding with increased tariffs on US imports, now at 125% [9][10]. - The report suggests that the adjustment of the "origin" regulations for integrated circuits in China will significantly impact US IDM manufacturers, potentially benefiting domestic companies in the semiconductor industry [11][19]. Summary by Sections Section 1: US-China Trade Tensions - The report details the escalation of trade tensions, with multiple rounds of tariff increases from both the US and China, affecting various sectors, particularly technology [9][10]. - It notes that the US has confirmed a 145% tariff on Chinese products, while China has raised tariffs on US imports to 125% [9][10]. Section 2: Market Performance Review - The computer sector experienced a decline of 5.79% in the second week of April 2025, with notable stock performances from companies like Sifang Precision and Huada Jiutian, which saw increases of 21.38% and 17.24%, respectively [20][21]. - The report provides a detailed ranking of stock performance, highlighting both the top gainers and losers in the sector [21]. Section 3: Key Company Forecasts - The report includes earnings per share (EPS) forecasts for several key companies, indicating expected growth in the coming years, with companies like Kingsoft Office and Yonyou Network showing varying EPS projections [22]. - It emphasizes the importance of monitoring these companies as potential investment opportunities in light of the changing market dynamics [22].

Investment Rating - The report maintains a "Recommended" rating for the computer industry [1]. Core Viewpoints - The "reciprocal tariff" policy is expected to further impact the global industrial landscape, accelerating China's technological self-reliance and self-control process, with positive prospects for the development of domestic software and hardware markets [7][9]. - The implementation of "reciprocal tariffs" by the U.S. is leading to increased tariffs on Chinese imports, which may result in a shift towards domestic alternatives in software and hardware sectors [24]. Summary by Sections Tariff Impact Overview - The U.S. has enacted "reciprocal tariffs," which may accelerate China's self-reliance process in technology [13]. - The tariffs imposed by the U.S. include a 34% increase on all imports from the U.S. to China, which is expected to raise the costs of imported software and hardware products, thus promoting a shift towards domestic alternatives [24]. Software Impact - The trend towards model autonomy remains unchanged, with significant potential for self-replacement in foundational and industrial software [7]. - China's large model industry is rapidly catching up, with domestic models like DeepSeek and Qwen continuously improving their capabilities [7]. Hardware Impact - The domestic chip industry is expected to accelerate, with significant growth potential in domestic computing power [8]. - In 2024, NVIDIA and Intel's revenues in China were $17.1 billion and $15.5 billion respectively, while domestic CPU and GPU manufacturers are increasingly competitive [8]. Investment Recommendations - The report suggests that the "reciprocal tariff" policy will influence the global industrial structure and accelerate China's technological self-reliance, maintaining a "Recommended" rating for the computer industry [9]. Related Targets - Key software companies include China Software, Taiji, and DaMeng Data, while hardware targets include Haiguang Information, Inspur, and Huawei [10][11].

Investment Rating - The investment rating for the company is "Recommended" [1] Core Views - The company has shown good performance in profit margins, with a significant increase in net profit and a strong revenue growth forecast for the upcoming years [4][11] - The company is well-positioned to capitalize on the growth opportunities in the computing power industry, supported by its comprehensive infrastructure layout [8][11] - The launch of the DeepSeek AI integrated machine is a strategic move to seize opportunities in the large model industry, enhancing the company's competitive edge [9][11] Financial Performance Summary - In Q1 2025, the company achieved a revenue of 2.586 billion yuan, a year-on-year increase of 4.34%, and a net profit of 185 million yuan, up 29.53% year-on-year [4][8] - The projected net profits for 2025-2027 are 2.439 billion yuan, 2.835 billion yuan, and 3.362 billion yuan respectively, with corresponding EPS of 1.67 yuan, 1.94 yuan, and 2.30 yuan [11][12] - The company’s gross margin is expected to remain stable, with a slight increase from 29.2% in 2024 to 29.9% in 2027 [13] Industry Outlook - The computing power industry is anticipated to grow significantly, with the Ministry of Industry and Information Technology aiming for a computing power scale exceeding 300 EFlops by 2025, and intelligent computing power accounting for 35% of the total [8] - The company has established a complete industrial chain layout in computing power infrastructure, which will support its long-term sustainable development [8][11]