截至4月30日收盘，MLOps概念上涨3.75%，位居概念板块涨幅第3，板块内，16股上涨，创意信息20% 涨停，星环科技、拓尔思、润和软件等涨幅居前，分别上涨8.33%、6.11%、4.39%。跌幅居前的有传音 控股、奥比中光等，分别下跌1.25%、1.20%。 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（%） | | --- | --- | --- | --- | | 减速器 | 4.01 | 自由贸易港 | -1.28 | | 华为盘古 | 3.94 | 染料 | -1.21 | | MLOps概念 | 3.75 | 天津自贸区 | -1.06 | | 智谱AI | 3.49 | 人造肉 | -1.02 | | 华为昇腾 | 3.44 | 生物质能发电 | -0.90 | | 兵装重组概念 | 3.43 | NMN概念 | -0.90 | | 人形机器人 | 3.19 | 金属锌 | -0.88 | | 华为欧拉 | 3.11 | 供销社 | -0.84 | | 智能音箱 | 3.05 | 金属铜 | -0.83 | | 共享单车 | 2.93 | 黄金概念 | ...

Core Viewpoint - The company has improved cash collection efficiency, stabilized revenue in Q1 2025, and reduced losses, with significant orders in AI-related business [1][4]. Financial Performance - In 2024, the company achieved operating revenue of 371 million yuan, a year-over-year decline of 24.31% [1] - The net profit attributable to shareholders was -343 million yuan, down 19.16% year-over-year [1] - The net profit excluding non-recurring items was -380 million yuan, a decrease of 13.42% year-over-year [1] - Operating cash flow was -327 million yuan, but improved by 10.63% year-over-year [1] - In Q4 2024, the company reported revenue of 162 million yuan, a decline of 39.58% year-over-year [1] - For Q1 2025, revenue was 64 million yuan, showing a year-over-year increase of 2.59% [1] Order Growth and Client Retention - The number of new clients and average order value increased in 2024, particularly for high-value clients over 3 million yuan [2] - Revenue from repeat purchases by existing clients accounted for approximately 78.83% of the company's main business revenue [2] - The company improved cash collection efficiency, with total sales collections of about 460 million yuan in 2024, an increase of approximately 11.56% year-over-year [2] AI Infrastructure and Business Development - Demand for AI infrastructure has surged, with successful implementation of large model-related businesses [3] - The company secured nearly 50 million yuan in orders for large model-related business in 2024 [3] - The company has established several benchmark projects, including platforms for major financial institutions and government entities [3] Investment Rating - The company maintains a "strongly recommended" investment rating, benefiting from its leading market share in big data platforms and private deployment of large models [4] - Projected revenues for 2025-2027 are estimated at 523 million, 693 million, and 918 million yuan respectively [4]

Core Insights - The company reported a slight decline in performance for 2024, with total revenue of 371 million yuan, a year-on-year decrease of 24.31%, and a net profit loss of 343 million yuan [1] - The company is focusing on AI infrastructure for enterprises, launching the Transwarp Knowledge Hub (TKH) to enhance knowledge sharing and application [3][4] - The company secured nearly 50 million yuan in orders related to large model operations and knowledge platforms across various industries [4] Financial Performance - For 2024, the company achieved a revenue of 371 million yuan, with a gross margin of 50.67% and operating cash flow of -327 million yuan [1] - In Q1 2025, the company reported a revenue of 64 million yuan, a year-on-year increase of 2.59%, and a narrowed net profit loss of 84 million yuan [2] Business Segments - The company's core software business generated 284 million yuan in revenue, while application and solutions contributed 73 million yuan [1] - The financial sector's client base is growing, with repeat purchases from existing customers accounting for approximately 78.83% of the main business revenue [1] AI Initiatives - The company is enhancing its product lines to support AI applications, including data analysis and predictive maintenance [3] - Collaborations with major firms like招商证券 and宏碁 have led to recognition in the AI industry for innovative projects [3][4] Future Outlook - Revenue projections for 2025-2027 are estimated at 500 million, 634 million, and 794 million yuan, respectively, indicating a strong growth potential driven by AI investments [4]

星环科技 20250428 摘要 • 星环科技湖仓一体架构在 2024 年被金融行业广泛接受，如徽商银行等已 采用其产品替代传统架构，提升数据处理性能并减少流转时间，其他数字 化转型较慢的央企也开始直接采用最新技术架构以省去迁移成本。 • 星环科技产品从管理域向生产域扩展，满足金融行业线上贷款秒批秒贷、 实时理财推荐等需求，以及工业领域工厂实时监控、设备实时告警等需求， 使得产品成为"must have"的必需品。 • 国产化替代加速，政府加大电子政务系统国产化改造力度，大数据平台被 纳入国产化目录，头部客户开始用星环科技 TDH 替代开源 CDH，以确保 供应链安全。 • 数字化转型向智能化推进，领先金融及央国企客户将数字平台扩展为 AI 平 台，星环科技从数据基础设施向 AI 基础设施延伸，通过底层数据平台为 AI 提供支持，实现数据与大模型结合形成应用。 • 2024 年星环科技收入 3.7 亿元，同比下降 20%，但高价值订单数量同比 增加 25%，平均订单金额增加约 10%，大模型相关订单金额全年合计约 5,000 万元，平均客单价 200 万元。 Q&A 2024 年 AI 行业的发展态势如何？星 ...

Revenue and Profit - The company achieved total revenue of 64.36 million yuan in Q1 2025, representing a year-on-year increase of 2.59% [1] - The net profit attributable to shareholders was -83.58 million yuan, showing a year-on-year increase of 5.74%, but still in a loss position [1] - The non-recurring net profit was -87.85 million yuan, with a year-on-year increase of 6.0%, also remaining negative [1] Profitability - The company's gross margin was 36.7%, a decrease of 36.14% compared to the same period last year [2] - The net profit margin was -130.09%, an increase of 8.17% year-on-year, indicating some improvement in cost control, but overall profitability remains weak [2] Expense Control - Total selling, administrative, and financial expenses amounted to 67.95 million yuan, with these expenses accounting for 105.58% of revenue, a year-on-year decrease of 12.83% [3] - Despite the reduction in expense ratio, it still exceeds revenue, indicating room for improvement in expense management [3] Assets and Liabilities - As of the end of the reporting period, the company's cash and cash equivalents were 461 million yuan, a decrease of 0.88% year-on-year [4] - Accounts receivable stood at 300 million yuan, down 13.66% year-on-year [4] - Interest-bearing liabilities increased by 18.96% year-on-year to 87.38 million yuan [4] Cash Flow and Per Share Metrics - The net asset per share was 8.49 yuan, a decrease of 24.66% year-on-year [5] - The operating cash flow per share was -0.73 yuan, an increase of 47.08% year-on-year [5] - Earnings per share were -0.69 yuan, reflecting a year-on-year increase of 5.48% [5] Business Model and Cash Flow Monitoring - The company's performance relies heavily on R&D and marketing efforts, necessitating careful examination of the underlying drivers [6] - The average operating cash flow to current liabilities ratio over the past three years was -171.91%, with negative net cash flow from operating activities [6]

星环信息科技（上海）股份有限公司 2024 年度独立董事述职报告 公司第二届董事会共 9 名董事，其中独立董事 3 名，分别为黄宜华先生、马冬明先生 及本人，占董事会人数三分之一，符合相关法律法规及公司制度的规定。 （二）独立董事任职董事会专门委员会的情况 本人在董事会提名委员会担任委员。 （三）个人工作履历、专业背景以及兼职情况 刘东，男，1970 年 6 月出生，中国国籍，无境外永久居留权，硕士学位，毕业于英国 南安普顿大学。1993 年 7 月至 1998 年 2 月曾任上海市农业投资总公司职员，1998 年 2 月 至 2000 年 12 月曾任上海市第一律师事务所律师，2000 年 12 月至今先后担任上海市金茂 律师事务所律师、法定代表人、执行合伙人、合伙人。现为公司独立董事、瑞莱生物工程 股份有限公司独立董事、中国国际经济贸易仲裁委员会仲裁员、广州仲裁委员会仲裁员、 宁波仲裁委员会仲裁员。 （四）独立性的情况说明 作为公司的独立董事，我本人与直系亲属、主要社会关系均不持有公司股份，且未在 公司担任除独立董事外的其他职务，与公司或公司控股股东无关联关系；没有为公司或其 附属企业提供财务、法律、咨询 ...

星环信息科技（上海）股份有限公司 2024 年度独立董事述职报告 2024 年，我本人作为星环信息科技（上海）股份有限公司（以下简称"公司"）的独 立董事，根据《中华人民共和国公司法》（以下简称"《公司法》"）《中华人民共和国证 券法》（以下简称"《证券法》"）《上市公司独立董事管理办法》等有关法律、法规、规 范性文件以及《公司章程》《独立董事工作制度》等规定和要求，秉承客观、独立、公正的 立场，忠实勤勉，独立地履行职责，积极出席公司各项会议，独立自主决策，认真审议公 司重大事项，并发表审慎、客观的独立意见，充分发挥了独立董事及各专门委员会的作用， 切实维护公司及全体股东特别是中小股东合法权益，促进规范运作。现将本人 2024 年度的 工作情况汇报如下： 一、独立董事的基本情况 （一）独立董事人员情况 公司第二届董事会共 9 名董事，其中独立董事 3 名，分别为刘东先生、马冬明先生及 本人，占董事会人数三分之一，符合相关法律法规及公司制度的规定。 （二）独立董事任职董事会专门委员会的情况 二、独立董事年度履职概况 （一）参加董事会、股东大会的情况 报告期内，公司共召开 2 次股东大会，7 次董事会，具体出席情 ...

2024 年，我本人作为星环信息科技（上海）股份有限公司（以下简称"公司"）的独 立董事，根据《中华人民共和国公司法》（以下简称"《公司法》"）《中华人民共和国证 券法》（以下简称"《证券法》"）《上市公司独立董事管理办法》等有关法律、法规、规 范性文件以及《公司章程》《独立董事工作制度》等规定和要求，秉承客观、独立、公正的 立场，忠实勤勉，独立地履行职责，积极出席公司各项会议，独立自主决策，认真审议公 司重大事项，并发表审慎、客观的独立意见，充分发挥了独立董事及各专门委员会的作用， 切实维护公司及全体股东特别是中小股东合法权益，促进规范运作。现将本人 2024 年度的 工作情况汇报如下： 一、独立董事的基本情况 （一）独立董事人员情况 公司第二届董事会共 9 名董事，其中独立董事 3 名，分别为刘东先生、黄宜华先生及 本人，占董事会人数三分之一，符合相关法律法规及公司制度的规定。 （二）独立董事任职董事会专门委员会的情况 本人在董事会审计委员会担任委员及召集人，在董事会薪酬与考核委员会担任委员。 星环信息科技（上海）股份有限公司 2024 年度独立董事述职报告 （三）个人工作履历、专业背景以及兼职情况 马冬 ...

星环信息科技（上海）股份有限公司 章 程 | 第一章 | 总则 - | 1 | - | | --- | --- | --- | --- | | 第二章 | 经营宗旨和范围 - | 2 | - | | 第三章 | 股份 - | 2 | - | | 第一节 | 股份发行 | - 2 | - | | 第二节 | 股份增减和回购 | - 5 | - | | 第三节 | 股份转让 | - 7 | - | | 第四章 | 股东和股东大会 - | 7 | - | | 第一节 | 股东 - | 7 | - | | 第二节 | 股东大会的一般规定 | - 10 | - | | 第三节 | 股东大会的召集 | - 12 | - | | 第四节 | 股东大会的提案与通知 | - 14 | - | | 第五节 | 股东大会的召开 | - 15 | - | | 第六节 | 股东大会的表决和决议 | - 18 | - | | 第五章 | 董事会 - | 22 | - | | 第一节 | 董事 - | 22 | - | | 第二节 | 独立董事 | - 25 | - | | 第三节 | 董事会 | - 30 | - | | 第四节 | 董 ...

前十大流通股东累计持有： 3462.75万股，累计占流通股比： 36.86%，较上期变化： -452.47万股。 | 名称 | 持有数量(万股) | 占总股本 | 增减情况 | | --- | --- | --- | --- | | | | 比例(%) | (万股) | | 林芝利创信息技术有限公司 | 933.34 | 9.93 | -125.93 | | 产业投资基金有限责任公司 | 675.72 | 7.19 | 不变 | | 湖北省长江合志股权投资基金管理有限公司-湖北省长江合志 | 373.72 | 3.98 | 不变 | | 股权投资基金合伙企业(有限合伙) | | | | | 上海云友投资事务所 | 335.01 | 3.57 | -49.02 | | 招商优势企业混合A | 250.00 | 2.66 | -130.00 | | 北京新鼎荣盛资本管理有限公司-青岛新鼎啃哥柒号股权投资 合伙企业(有限合伙) | 220.12 | 2.34 | -58.94 | | 中金祺智(上海)股权投资中心(有限合伙) | 197.40 | 2.10 | -6.80 | | 中国科技产业投资管理有限公司-深圳 ...