证券日报网讯 10月16日晚间，能科科技发布公告称，2025年10月16日，公司收到中国证券登记结算有 限责任公司出具的《证券过户登记确认书》，公司回购专用证券账户中551，200股股票已通过非交易过 户方式过户至公司2025年员工持股计划证券账户，过户价格18.14元/股，支付总金额人民币9，998， 768元。 （文章来源：证券日报） ...

能科科技股份有限公司 2025 年第二次临时股东大会 $\frac{\partial}{\partial x}$. $\frac{\partial}{\partial y}$. 二 O 二五年十月 能科科技股份有限公司 2025 年第二次临时股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证 大会的顺利进行，根据中国证券监督管理委员会发布的《上市公司股东大会规则》 及《公司章程》和《股东大会议事规则》的规定，特制定本须知。 一、经公司审核，符合参加本次大会的股东、股东代表以及其他出席人员可 进入会场，公司有权拒绝不符合条件的人员进入会场。 二、与会者必须遵守本次股东大会的议程安排。进入会场后，应按照会务安 排及次序就座。会议期间，应保持会场安静，不得干扰大会秩序，寻衅滋事、打 断与会人员的正常发言以及侵犯股东合法权益的行为，公司会务组有权予以制止 并报告有关部门查处。 三、股东发言应有秩序，并听从会议主持人安排。 四、股东发言范围仅限于本次大会审议的议题或公司的经营、管理、发展等 内容，超出此限的，大会组织方有权取消发言人该次发言资格，应答者有权拒绝 回答无关问题。 五、股东 ...

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。 能科科技股份有限公司（以下简称"公司"）于 2025 年 8 月 18 日召开 2025 年第一次临时股东大会，会议审议通过了《关于公司 2025 年员工持股计划（草案） 及其摘要（修订稿）的议案》，决定实施 2025 年员工持股计划。本次员工持股计 划资金总规模不超过 1,000 万元，股票来源为公司回购专用账户回购的公司 A 股 普通股股票（具体内容详见公司于 2025 年 7 月 23 日、2025 年 8 月 19 日登载于上 海证券交易所网站的相关公告）。 证券代码：603859 证券简称：能科科技 公告编号：2025-057 能科科技股份有限公司 关于 2025 年员工持股计划非交易过户完成的公告 特此公告。 能科科技股份有限公司 董事会 2025 年 10 月 17 日 根据中国证监会《关于上市公司实施员工持股计划试点的指导意见》及《上 海证券交易所上市公司自律监管指引第 1 号——规范运作》等相关规定，现将公 司 2025 年员工持股计划的实施进展公告如下： 20 ...

证券研究报告：计算机 | 公司点评报告 发布时间：2025-10-16 股票投资评级 买入 |首次覆盖 个股表现 2024-10 2024-12 2025-03 2025-05 2025-07 2025-10 -2% 17% 36% 55% 74% 93% 112% 131% 150% 169% 188% 能科科技 计算机 资料来源：聚源，中邮证券研究所 公司基本情况 | 最新收盘价（元） | 44.83 | | --- | --- | | 总股本/流通股本（亿股）2.45 | / 2.45 | | 总市值/流通市值（亿元）110 | / 110 | | 52 周内最高/最低价 | 53.02 / 17.82 | | 资产负债率(%) | 31.5% | | 市盈率 | 57.47 | | 第一大股东 | 祖军 | 研究所 分析师:孙业亮 SAC 登记编号:S1340522110002 Email:sunyeliang@cnpsec.com 分析师:常雨婷 SAC 登记编号:S1340523080001 Email:changyuting@cnpsec.com 能科科技(603859) 全面布局工业 AI，具 ...

Core Insights - In the past five trading days, a total of 97 companies were investigated by institutions, with notable interest in Mindray Medical, Rongbai Technology, and Nengke Technology [1] Group 1: Institutional Research Activity - 80.41% of the companies surveyed were investigated by securities firms, totaling 78 companies [1] - Fund companies conducted research on 65 companies, while private equity firms investigated 41 companies [1] - Among the companies, 26 received attention from more than 20 institutions, with Mindray Medical being the most researched at 184 institutions [1] Group 2: Fund Flows and Stock Performance - In the past five days, three stocks among those with over 20 institutional investigations saw net fund inflows, with Mindray Medical receiving a net inflow of 177 million yuan [1] - Other companies with significant net inflows included Jieli Rigging and Yingxi Network, with inflows of 102 million yuan and 38 million yuan respectively [1] - Of the stocks investigated, seven experienced price increases, with the highest gainers being Sifangda, Jieli Rigging, and Liugong, with increases of 22.55%, 9.09%, and 7.96% respectively [2] Group 3: Company Performance Overview - Mindray Medical's latest closing price was 230.50 yuan, with a decline of 6.18% [3] - Rongbai Technology closed at 28.23 yuan, down 11.73% [3] - Nengke Technology's latest price was 45.72 yuan, reflecting a decrease of 4.97% [3] - The highest net profit growth among companies that have released their Q3 reports was seen in Juzan Optoelectronics, with an increase of 8.43% year-on-year [2]

Core Viewpoint - Nengke Technology plans to raise up to 1 billion yuan through a private placement of A-shares to enhance its capabilities in industrial AI and software development, aligning with national policies on AI and manufacturing upgrades [1][2][4] Group 1: Investment and Projects - The fundraising will support the development of three major projects: "Lingqing" Industrial AI Empowerment Platform, "Lingzhu" Industrial Software AI Toolset, and "Lingzhi" Embodied Intelligent AI Training and Inference Platform [1][2][3] - The "Lingqing" project aims to build an AI middle platform and domain-specific models for manufacturing, covering various industrial sectors [2][3] - The "Lingzhu" project focuses on integrating AI capabilities into industrial software, leveraging the company's decade-long experience in software development [2][3] Group 2: Strategic Intent and Market Position - The projects are designed to enhance the competitiveness of the company's core business and prepare for future technological advancements and industry positioning [2][3] - Nengke Technology emphasizes the importance of AI in the industrial sector, which is seen as a critical area for the application of AI technologies [3][4] - The company aims to develop autonomous and controllable industrial software, responding to global competition and export restrictions in the industrial software sector [4]

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 58.77 CNY for the next six months [6]. Core Insights - The company is planning to raise up to 1 billion CNY through a private placement to enhance its AI capabilities, focusing on three main areas: the "Lingqing" industrial AI empowerment platform, the "Lingzhu" industrial software AI toolset, and the "Lingzhi" embodied intelligence AI training and promotion platform [2][4]. - The company has identified three urgent industrial demands that AI can address: the need for innovative technologies in new industrialization, the resolution of domestic industrial software challenges, and the application of embodied intelligence across multiple scenarios [3][4]. - The company has seen a significant increase in AI-related revenue, which is projected to rise from less than 1% of total revenue in 2023 to over 28% in the first half of 2025 [3]. Financial Projections - The projected revenues for the company from 2025 to 2027 are 1.82 billion CNY, 2.17 billion CNY, and 2.66 billion CNY respectively, with net profits of 240 million CNY, 283 million CNY, and 325 million CNY for the same years [15][17]. - The company aims to achieve a dynamic price-to-earnings ratio of 60 times for 2025 [15]. Strategic Development - The company is committed to becoming a partner in the digital transformation of manufacturing enterprises and an enabler of AI applications in high-end equipment manufacturing [15]. - The funds raised will be allocated to enhance the company's existing business and technology products, reinforcing its "All IN AI" development strategy [4][11][12].

Core Viewpoint - The U.S. government, led by President Trump, announced a 100% tariff on all Chinese goods starting November 1, along with export controls on key software, which will accelerate the domestic software replacement process in China [2][3]. Group 1: U.S. Trade Measures - The U.S. will impose a 100% additional tariff on all Chinese imports and export controls on key software starting November 1 [2]. - The U.S. measures are seen as a strategic move to pressure China ahead of the APEC summit, with potential implications for negotiations [2][3]. Group 2: China's Response and Industry Impact - China's Ministry of Commerce has implemented export controls on various technologies, including chip production equipment and lithium batteries, which are crucial for modern industries [2][3]. - China is expected to dominate the rare earth industry by 2025, holding 49% of global reserves and 69% of production, making it a critical resource for the U.S. [2][3]. Group 3: Domestic Software Development - The export controls on key software will accelerate the domestic replacement process in China, particularly in the fields of EDA, CAD, CAE, MES, and PLM [3][4]. - The shift towards domestic software is seen as essential due to China's heavy reliance on imported industrial software [3][4]. Group 4: Industrial Digital Transformation - The announcement of using WPS format in government documents marks a significant milestone for domestic software, indicating a breakthrough in the software replacement strategy [4]. - "Lighthouse factories," which utilize advanced technologies for efficiency, are expected to be prioritized in national strategic development plans, driving demand for industrial software [4]. Group 5: Investment Opportunities - Companies in the EDA, industrial software, operating systems, databases, network security, and industry IT sectors are highlighted as potential investment opportunities due to the ongoing shift towards domestic solutions [4]. - Specific companies to watch include: - EDA: Huada Jiutian, Guangliwei, Gai Lun Electronics [4] - Industrial Software: Dingjie Zhizhi, Nengke Technology, Suochen Technology, Zhongwang Software, Zhongkong Technology [4] - Operating Systems: China Software, Ruantong Power, Runhe Software, Chengmai Technology [4] - Databases: Dameng Data, Taiji Co. [4] - Network Security: Deepin Technology, Qilin Security, Sanwei Security, Guotou Intelligent, Qimingxing Chen [4] - Industry IT: Keda Xunfei, Hehe Information, Hengsheng Electronics, Kingsoft Office, Foxit Software, Tuolisi, Tax Friend Shares, Caixun Shares, Dingdian Software, Jiuyuan Yinhai, Jiahe Meikang, Guanglian Da, Kingdee International, Yonyou Network, Fanwei Network, Yuxin Technology, Newland [4].

Investment Rating - The industry investment rating is "Recommended," indicating an expected increase in the industry index by more than 5% over the next 3-6 months compared to the benchmark index [16]. Core Insights - The report emphasizes the concept of "Lighthouse Factories," which are leading the intelligent upgrade of the manufacturing industry by integrating advanced technologies such as artificial intelligence, IoT, and big data analytics [6]. - A total of 201 factories have been recognized as Lighthouse Factories globally, with 85 located in China, showcasing their exceptional manufacturing capabilities and performance in areas like production efficiency and supply chain resilience [6]. - Industrial software is identified as the digital foundation for Lighthouse Factories, playing a crucial role in enhancing production intelligence and efficiency across four core areas: R&D design, manufacturing, operational management, and maintenance services [6]. - The report suggests focusing on companies that are positioned to benefit from the growth of industrial software and intelligent manufacturing, including Zhongwang Software, Huada Jiutian, and Yonyou Network, among others [6]. Industry Overview - The computer industry consists of 337 listed companies with a total market capitalization of approximately 60,881.53 billion and a circulating market value of about 55,021.98 billion [3]. - The absolute performance of the industry over the past 12 months has been 52.1%, while the relative performance against the benchmark index has improved by 33.9% [4].

能科科技近期发布的定向增发预案涉及哪些 AI 项目？ 2025 年 10 月 10 日，能科科技董事会通过了定向增发议案，计划投入 10 亿 元用于三个重要的 AI 项目：灵擎、灵筑和灵智。这些项目旨在进一步推进公司 能科科技 20251012 摘要 能科科技通过定向增发计划投入 10 亿元于灵擎、灵筑和灵智三个 AI 项 目，旨在推进公司 AI 战略，提升工业软件智能化水平，并解决具身智能 设备的应用需求。 灵擎项目建设赋能工业的平台，开发制造业垂直域模型及 Agent，解决 企业内部多品牌、多类型模型和算力连接及使用效率问题，提高算力利 用率。 灵筑项目旨在基于现有工业软件进行智能化开发，缩小国产软件与进口 软件差距，通过标准化工具、定制化方案及订阅服务促进国产工业软件 升级并扩大市场份额。 灵智项目包括具身智能 AI 训推平台和虚实结合仿真平台，解决具身智能 设备训推需求，并为特定场景应用提供具身感知、决策执行及评估等功 能。 2025 年上半年，能科科技 AI 收入占比提升至 28%，规模接近 2 亿元， 预计全年突破 3.5 亿元，2026 年预计突破 4.6 亿元，主要收入来自产 品智能化、AR ...