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]

Investment Rating - The report rates the computer sector as "Outperform" [1][17]. Core Viewpoints - The ongoing US tech suppression emphasizes the importance of technological self-reliance and AI development in China, which is expected to boost the computer sector [1][17]. - The halt in supply from the "Big Three" EDA companies (Synopsys, Cadence, Siemens) to some Chinese clients may accelerate the development of domestic EDA solutions [18]. - China's AI research and application capabilities are now world-class, with significant advancements in models like DeepSeek R1, which is nearing the performance of top international models [19]. Summary by Relevant Sections EDA Supply Chain - The report highlights that the EDA supply halt indicates ongoing US tech suppression, which may lead to accelerated domestic EDA development [17][18]. - Synopsys and Cadence have received notifications regarding new export restrictions, impacting their ability to supply Chinese clients [18]. AI Development - The DeepSeek R1 model has achieved top domestic scores and is approaching the performance of international models, indicating China's strong position in AI development [19]. - The Doubao App's upgrade to support video chat expands AI applications into new areas, showcasing innovation in AI technology [19]. Key Companies to Watch - The report identifies several key companies in the computer sector to watch, including: - Empyrean Technology - Dameng Database - Beijing Kingsoft Office Software - Newland Digital Technology - Jiangsu Tongxingbao Intelligent Transportation Technology Co., Ltd. - Guangzhou Sie Consulting - Wuxi Unicomp Technology Co., Ltd. - Hehe Information [1][17].

Core Viewpoint - The 2024 Annual General Meeting of Southern Power Grid Electric Technology Co., Ltd. outlines the procedures and key agenda items for the meeting, including the evaluation of internal controls, investment plans, financial budgets, and profit distribution proposals for the year 2024. Meeting Procedures - The meeting will verify the identity of attendees to ensure proper participation and maintain order [1][2] - Attendees must register and arrive on time, with the meeting host announcing the number of shareholders present and their voting rights [1][3] - Shareholders have the right to speak, inquire, and vote during the meeting, with specific procedures for raising questions and making statements [2][3] Internal Control Evaluation - The company conducted an internal control evaluation for the year 2024, covering governance, organizational structure, human resources, and financial activities [6] - The evaluation concluded that there were no significant defects in internal controls, and the company maintained effective internal controls in all major aspects [8] Financial Performance - For the year 2024, the company reported total assets of 4.71 billion yuan, a year-on-year increase of 1.99%, and total liabilities of 1.69 billion yuan, a decrease of 6.26% [12][16] - The net profit attributable to shareholders was 365 million yuan, reflecting a year-on-year growth of 29.79% [26] - The company’s revenue for 2024 was 3.01 billion yuan, an increase of 18.77% compared to the previous year [14][17] Investment Plans - The company has outlined its investment plans for 2025, focusing on fixed asset investments in research and development, production capacity, and information technology [9] - The total expected investment for 2025 is aimed at enhancing the company's core competitiveness and operational capabilities [9][24] Profit Distribution - The proposed profit distribution plan for 2024 includes a cash dividend of 1.35 yuan per 10 shares, totaling approximately 76.23 million yuan [22][23] - This distribution represents 41.77% of the net profit attributable to shareholders for the year [22] Related Transactions - The company anticipates engaging in daily related transactions totaling 3.939 billion yuan in 2025, including procurement and financial services from related parties [24]

证券代码：688248 证券简称：南网科技 南方电网电力科技股份有限公司 2024 年年度股东大会会议资料 2025 年 6 月 南方电网电力科技股份有限公司 2024 年年度股东大会会议资料目录 | 南方电网电力科技股份有限公司 2024 年年度股东大会会议须知 1 | | | --- | --- | | 南方电网电力科技股份有限公司 2024 年年度股东大会会议议程 3 | | | 南方电网电力科技股份有限公司 2024 年年度股东大会会议议案 5 | | | 2024 年度内部控制评价报告 5 | 议案一：公司 | | 2025 年投资计划 7 | 议案二：公司 | | 2025 年度财务预算方案 8 | 议案三：公司 | | 年度财务决算报告 2024 10 | 议案四：公司 | | 2024 年末期利润分配方案 17 | 议案五：公司 | | 议案六：关于公司预计 年度日常关联交易的议案 2025 18 | | | 2024 年度报告及其摘要 19 | 议案七：公司 | | 年董事会工作报告 2024 20 | 议案八：公司 | | 2024 年度监事会工作报告 35 | 议案九：公司 | | 年度 ...

证券代码：688248 证券简称：南网科技 公告编号：2025-020 南方电网电力科技股份有限公司 关于自愿披露获得第二十五届中国专利金奖的公告 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、准确性和完整性依法承担法律责任。 根据《国家知识产权局关于第二十五届中国专利奖授奖的决定》（国知发运 字〔2025〕20 号），南方电网电力科技股份有限公司（以下简称"公司"）的 核心专利"一种基于非向量空间控制策略的导线追踪方法及装置"（专利号： ZL201811455931.5）获得第二十五届中国专利金奖。 中国专利奖由中国国家知识产权局和世界知识产权组织共同评选，是我国专 利领域的最高奖项。第二十五届中国专利奖共授奖中国专利金奖 30 项，中国外 观设计金奖 10 项，中国专利银奖 60 项，中国外观设计银奖 15 项，中国专利优 秀奖 607 项，中国外观设计优秀奖 47 项。 本次获得中国专利金奖，是对公司技术创新能力和研发实力的充分认可，有 利于发挥公司自主知识产权优势，提高公司技术创新能力和核心竞争力。该项获 奖专利项目由公司科研团队创造性提出采用非 ...

证券代码：688248 证券简称：南网科技 公告编号：2025-018 南方电网电力科技股份有限公司 第二届监事会第十四次会议决议公告 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、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 二、监事会会议审议情况 审议通过《关于取消公司监事会、监事的议案》 监事会认为，公司拟根据修订后的《公司章程》取消监事会，不再施行《南方电网电力 科技股份有限公司监事会议事规则》，公司监事职务自然免除，由董事会审计与风险委员会 行使《公司法》规定的监事会的职权，符合《中华人民共和国公司法（2023 年修订）》《关 于新 <公司法> 配套制度规则实施相关过渡期安排》《上市公司章程指引（2025 年修订）》等 相关规定。因此，监事会同意该议案的内容。 表决结果：5 票赞成，0 票反对，0 票弃权。 本议案尚需提交公司股东大会审议。 特此公告。 南方电网电力科技股份有限公司监事会 南方电网电力科技股份有限公司（以下简称"公司"）于 2025 年 6 月 5 日在公司会议室 以现场加视频会议方式召开第二届监事会第十四次会议（以 ...

证券代码：688248 证券简称：南网科技 公告编号：2025-019 南方电网电力科技股份有限公司 关于召开2024年年度股东大会的通知 本公司董事会及全体董事保证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： （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 召开地点：广州市越秀区东风东路水均岗粤电大厦 920 会议室 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 （六） 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投 票，应按照《上海证券交易所科创板上市公司自律监管指引第 1 号 — 规范运作》 等有关规定执行。 （七） 涉及公开征集股东投票权 本次股东大会审议议案及投票股东类型 投票股东类型 序号 议案名称 A 股股东 ? ...

证券代码：688248 证券简称：南网科技 公告编号：2025-019 一、 召开会议的基本情况 （一） 股东大会类型和届次 2024年年度股东大会 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 6 月 27 日 14 点 30 分 召开地点：广州市越秀区东风东路水均岗粤电大厦 920 会议室 南方电网电力科技股份有限公司 关于召开2024年年度股东大会的通知 本公司董事会及全体董事保证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： （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 6 月 27 日 至2025 年 6 月 27 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 1 股东大会召开日期：2025年6月27日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 东大会召开 ...

证券代码：688248 证券简称：南网科技 公告编号：2025-018 南方电网电力科技股份有限公司 第二届监事会第十四次会议决议公告 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、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 南方电网电力科技股份有限公司（以下简称"公司"）于 2025 年 6 月 5 日在公司会议室 以现场加视频会议方式召开第二届监事会第十四次会议（以下简称"本次会议"），会议通 知已于 2025 年 5 月 30 日以文件送达、邮件等方式发出。本次会议应出席监事 5 名，实际出 席监事 5 名，会议由监事会主席陈志新先生主持。本次会议的召集、召开和表决程序符合《中 华人民共和国公司法》等法律、法规、规范性文件和《南方电网电力科技股份有限公司章程》 的有关规定，会议决议合法、有效。 二、监事会会议审议情况 审议通过《关于取消公司监事会、监事的议案》 1 监事会认为，公司拟根据修订后的《公司章程》取消监事会，不再施行《南方电网电力 科技股份有限公司监事会议事规则》，公司监事职务自然免除，由董事会审计与风险委员会 行使《公司法 ...