证券代码：688158 证券简称：优刻得 公告编号：2025-025 优刻得科技股份有限公司 股东减持股份时间届满暨减持股份结果公告 本公司董事会、全体董事及相关股东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、准确性和完整性依法承担法律 责任。 公司于 2025 年 3 月 15 日在上海证券交易所网站（www.sse.com.cn）披露 了《优刻得科技股份有限公司关于持股 5%以上股东减持股份计划公告》（公告 编号：2025-006）。中移资本拟通过集中竞价、大宗交易及其他上海证券交易所 认可的合法方式减持其所持有的公司股份不超过 6,796,425 股，即不超过公司 总股本的 1.50%。 重要内容提示： 近日，公司收到中移资本出具的《关于股份减持结果的告知函》,截至 2025 年 7 月 7 日，中移资本通过集中竞价方式累计减持 882,766 股，占公司当前总股 本比例为 0.19%。本次减持计划时间区间已届满，现将具体情况公告如下： 股东持有的基本情况 | | | 本次减持计划实施前，优刻得科技股份有限公司（以下简称"公司"）股东 中移资本控股有限责任公司（以下简 ...

Core Insights - The UCloud Wulanchabu Intelligent Computing Center has achieved 100% signing of its cabinet resources in the month of delivery [1] Group 1 - In early June, the B building of the UCloud Wulanchabu Intelligent Computing Center, which has approximately 2,300 cabinets, commenced delivery [1] - The clients served by the B building primarily include large telecommunications equipment manufacturers, focusing on AI large model training and inference scenarios [1] - The self-built intelligent computing center by UCloud in Wulanchabu covers an area of approximately 140,000 square meters and is designed to accommodate 12,000 cabinets of various power specifications [1]

Investment Rating - The report rates the industry as "Outperform" [1][7]. Core Insights - The development of AI foundation models is progressing positively, with decreasing costs, which is expected to accelerate the adoption of AI applications [2][7]. - The report highlights specific companies to watch, including Empyrean Technology, Dameng Database, Beijing Kingsoft Office Software, Newland Digital Technology, Jiangsu Tongxingbao Intelligent Transportation Technology Co., Ltd., Guangzhou Sie Consulting, and Hehe Information, with Wuxi Unicomp Technology Co., Ltd. as a related target [2][7]. Summary by Sections - **AI Model Developments**: OpenAI's o3-pro model was launched, outperforming Google's Gemini 2.5 Pro and Anthropic's Claude 4 Opus in key benchmarks, with an 80% price reduction for the o3 model, enhancing its cost-effectiveness [8]. - **Doubao Model Launch**: The Doubao 1.6 model introduced innovative pricing based on input length, significantly reducing costs by 63% compared to previous models, which is expected to facilitate AI adoption across various industries [9]. - **Ant International's Stablecoin Plans**: Ant International plans to apply for a stablecoin license in Hong Kong, indicating a positive outlook on stablecoin development and potential market growth [10].

Investment Rating - The report assigns an "Outperform" rating for the computer sector, indicating a positive outlook for investment in this industry [1]. Core Insights - The implementation of the "Stablecoin Ordinance" in Hong Kong on August 1 is expected to significantly boost the stablecoin market, with a projected market capitalization growth of nearly $200 billion from 2020 to 2025, reaching approximately $245 billion by May 2025 [7]. - The "Government Data Sharing Ordinance," effective August 1, 2025, aims to enhance the efficiency and security of government data sharing, addressing issues like "data islands" and improving data supply efficiency [8]. - The anticipated release of GPT-5 in July 2025 is expected to surpass existing AI models, potentially driving further advancements in the AI industry and application deployment [9]. Summary by Sections Stablecoin Market - The "Stablecoin Ordinance" establishes a licensing system for fiat-backed stablecoin issuers, enhancing regulatory frameworks for virtual assets in Hong Kong [7]. - The stablecoin market has seen significant growth since 2020, with expectations for rapid expansion following the ordinance's implementation [7]. Government Data Sharing - The "Government Data Sharing Ordinance" aims to promote secure and efficient sharing of government data, enhancing digital governance and service efficiency [8]. - The ordinance clarifies management systems and establishes mechanisms for data sharing, which is expected to benefit the government data market significantly [8]. AI Developments - GPT-5 is set to be released in July 2025, with expectations of outperforming current models like GPT-4, which could lead to advancements in AI applications [9]. - OpenAI emphasizes quality over speed in the development of GPT-5, indicating a focus on achieving performance goals before release [9]. Recommended Stocks - The report highlights several companies to watch, including Empyrean Technology, Dameng Data, Beijing Kingsoft Office Software, Newland Digital Technology, Jiangsu Tongxingbao Intelligent Transportation Technology Co., Ltd., Guangzhou Sie Consulting, and Hehe Information, all rated as "Outperform" [3][6].

Investment Rating - The report rates the industry as "Outperform" [1] Core Insights - The release of the online certificate management measures is expected to expand the market for online numbers and certificates, driving significant demand for identity verification equipment [8][9] - AI development continues to progress steadily, with a positive outlook for the computer sector [8] Summary by Sections Online Certificate Management - The management measures encourage voluntary use of online numbers and certificates, providing services for applying for these and identity verification [9] - The measures are set to take effect on July 15, 2025, and are expected to benefit the sector significantly [9] AI Development - The release of Claude 4 models marks a shift in AI capabilities, allowing for long-term task execution and complex project handling [10] - Google's integration of AI products into daily workflows signifies a transition from mere technological upgrades to practical applications [11] Investment Recommendations - The report suggests focusing on companies such as Empyrean Technology, Dameng Database, Beijing Kingsoft Office Software, Newland Digital Technology, Jiangsu Tongxingbao Intelligent Transportation Technology Co., Ltd., Guangzhou Sie Consulting, and Hehe Information, with related targets including Wuxi Unicomp Technology Co., Ltd. [8]

科创板人工智能ETF（588930）紧密跟踪上证科创板人工智能指数（950180.CSI）。该指数从科创板市 场中选取30只市值较大且业务涉及为人工智能提供基础资源、技术以及应用支持的上市公司证券作为指 数样本，以反映科创板市场代表性人工智能产业上市公司证券的整体表现。 消息面上，据界面消息，6月14日消息，腾讯宣布混元3D 2.1大模型对外开源。目前，混元3D模型在 Hugging Face下载量已超过180万。这也是首个全链路开源的工业级3D生成大模型，有望推动游戏开 发、影视制作、工业设计、虚拟仿真、数字孪生等多个行业的进步。 华西证券认为，在生成式AI及大模型的需求驱动下，客户算力需求由传统CPU通用算力向GPU、TPU等 智能算力演进。算力需求拉动国内外龙头公司算力开支持续提升。同时，DeepSeek蒸馏模型的出现， 将进一步促使物联网产业链向智能化、高端化方向演进，芯片企业针对边缘端AI推理芯片也有望满足 DeepSeek蒸馏模型在物联网设备上的高效运行能力，从而持续推动边缘计算需求。 6月16日，三大指数集体低开后震荡走高。截至发稿，上证科创板人工智能指数涨0.35%。 相关ETF方面，科创板人 ...

Summary of Conference Call Notes Company and Industry Overview - The conference call discusses the developments in the AI and cloud computing industry, particularly focusing on UCloud's strategies and market positioning in response to evolving technologies and customer demands [2][4][10]. Key Points and Arguments 1. **AI Technology and Market Opportunities** - Advances in AI technology and the trend towards open-source solutions have lowered the profitability threshold for AI projects, enabling small startups to commercialize quickly through products like Meitu and vertical industry applications [2][4]. - Localized deployment needs present opportunities for Chinese companies, as concerns over data leakage drive demand for domestic solutions [4]. 2. **Surge in Cloud Computing Demand** - Cloud computing demand is surging, particularly in three areas: data centers, GPU computing power, and overseas markets [2][5]. - The Ulanqab data center has seen all units pre-sold before official sales, indicating strong demand [5]. - There is a significant shortage of GPUs across various series (H, A, 4090), driven by increased demand in industry models, AI applications, and robotics [6]. 3. **Strategic Partnerships and Client Services** - The company is considering providing server equipment procurement and holding services for large clients, who are seen as low-risk with strong payment capabilities [7]. - Collaborations with banks and financial institutions are being explored to support this initiative [7]. 4. **International Expansion and Sovereign AI Strategy** - UCloud is deploying GPU clusters overseas to support the rapid growth of Chinese AI companies in North America, with a focus on establishing a sovereign AI strategy [8][9]. - The company aims to help local firms become NCPs (National Cloud Providers) by leveraging its software capabilities [9]. 5. **Future Development Directions** - Key future directions include expanding data center sales, increasing high-end GPU supply, enhancing overseas market presence, supporting sovereign AI initiatives, and investing in server equipment services [10]. 6. **Impact of Open Source AI on Enterprises** - The open-source trend in AI has significantly improved the technical capabilities of medium to large enterprises, leading them to prefer collaborations with independent third parties [11]. - The company is shifting its perspective on investing in large-scale entrepreneurial ecosystems, planning to increase investments if initial projects succeed [11]. 7. **Financial Strategies and Funding** - The company is raising funds through bank loans, financial leasing, and capital market operations, currently holding approximately 700 million yuan in cash reserves [3][14]. - Adjustments to capital depreciation periods are being considered to optimize financial statements [16]. 8. **Client Risk Management** - The company adopts a conservative approach to client risk management, preferring to partner with traditional enterprises that present lower risks [16]. - Focus areas include technology model companies, industry model companies, robotics applications, and AI applications [17]. 9. **Overseas Market Performance** - The company has successfully established a GPU cluster in North America, marking a significant milestone for Chinese cloud computing firms [18]. - Revenue from overseas operations is primarily generated through AI applications, which have high payment rates in the European and American markets [19]. 10. **Long-term Investment Insights** - The actions of Zhongyin Capital, which entered the company at a valuation of 10 billion yuan, reflect the uncertainties of long-term investments but also indicate investor confidence [20]. Additional Important Insights - The company views the rapid development of AI as a potential major technological shift, with both opportunities and challenges ahead [24]. - There is a growing need for funding to support business expansion, with expectations of progress in order fulfillment in the near future [25].

证券代码：688158 证券简称：优刻得 公告编号：2025-024 优刻得科技股份有限公司 关于 2024 年限制性股票激励计划第一个归属期第一批 次归属结果暨股票上市公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上 市股数为3,210,000股。 本次股票上市流通总数为3,210,000股。 本次股票上市流通日期为2025 年 6 月 13 日。 根据中国证券监督管理委员会、上海证券交易所、中国证券登记结算有限责 任公司上海分公司有关业务规则的规定，优刻得科技股份有限公司（以下简称"公 司"）于近日收到中国证券登记结算有限责任公司上海分公司出具的《证券变更 登记证明》，公司于 2025 年 6 月 9 日完成了 2024 年限制性股票激励计划第一个 归属期第一批次股份登记工作。现将有关情况公告如下： 一、本次激励计划第一个归属期归属的决策程序及相关信息披露 （一）2024 年 4 月 26 日，公司召开第二届董事会第十七次会议，审议通过了 《关 ...

? 本次股票上市流通日期为2025 年 6 月 13 日。 根据中国证券监督管理委员会、上海证券交易所、中国证券登记结算有限责 任公司上海分公司有关业务规则的规定，优刻得科技股份有限公司（以下简称"公 司"）于近日收到中国证券登记结算有限责任公司上海分公司出具的《证券变更 登记证明》，公司于 2025 年 6 月 9 日完成了 2024 年限制性股票激励计划第一个 归属期第一批次股份登记工作。现将有关情况公告如下： 一、本次激励计划第一个归属期归属的决策程序及相关信息披露 优刻得科技股份有限公司 关于 2024 年限制性股票激励计划第一个归属期第一批 次归属结果暨股票上市公告 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、准确性和完整性依法承担法律责任。 重要内容提示： ? 本次股票上市类型为股权激励股份；股票认购方式为网下，上 市股数为3,210,000股。 本次股票上市流通总数为3,210,000股。 证券代码：688158 证券简称：优刻得 公告编号：2025-024 （一）2024 年 4 月 26 日，公司召开第二届董事会第十七次会议，审议通过 ...

证券代码：688158 证券简称：优刻得 公告编号：2025-024 优刻得科技股份有限公司 关于 2024 年限制性股票激励计划第一个归属期第一批 次归属结果暨股票上市公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上 市股数为3,210,000股。 本次股票上市流通总数为3,210,000股。 本次股票上市流通日期为2025 年 6 月 13 日。 根据中国证券监督管理委员会、上海证券交易所、中国证券登记结算有限责 任公司上海分公司有关业务规则的规定，优刻得科技股份有限公司（以下简称"公 司"）于近日收到中国证券登记结算有限责任公司上海分公司出具的《证券变更 登记证明》，公司于 2025 年 6 月 9 日完成了 2024 年限制性股票激励计划第一个 归属期第一批次股份登记工作。现将有关情况公告如下： 一、本次激励计划第一个归属期归属的决策程序及相关信息披露 （一）2024 年 4 月 26 日，公司召开第二届董事会第十七次会议，审议通过了 《关 ...