Financial Performance - The company reported a half-year revenue of 500 million RMB, representing a 20% increase compared to the same period last year[1]. - The company's operating revenue for the first half of the year reached ¥174,102,381.74, an increase of 11.07% compared to ¥156,746,949.82 in the same period last year[18]. - The total profit for the reporting period was ¥29,948,692.12, reflecting a year-on-year growth of 25.12% from ¥23,935,158.06[18]. - The net profit attributable to shareholders was ¥27,125,500.74, marking a 40.66% increase from ¥19,284,777.08 in the previous year[21]. - The net cash flow from operating activities was ¥36,202,014.74, up 68.50% from ¥21,484,475.86 year-on-year[18]. - Basic earnings per share were ¥0.22, a 37.50% increase from ¥0.16 in the same period last year[19]. - The net profit after deducting non-recurring gains and losses was ¥20,919,951.14, a significant increase of 323.58% from ¥4,938,835.32 in the previous year[18]. - The company reported a total revenue of 363,017,600.00 RMB for the first half of 2025, with a net profit of 40,622,700.99 RMB, representing a significant increase of 141,605,017.74 RMB compared to the previous year[90]. Research and Development - Research and development expenses increased by 30%, focusing on cloud computing and IoT technologies[1]. - The R&D investment accounted for 23.33% of operating revenue, an increase of 1.63 percentage points compared to 21.70% in the previous year[20]. - R&D expenses for the first half of 2025 amounted to 40.62 million yuan, an increase of 19.41% compared to the same period last year[51]. - The company is investing in R&D to overcome core technical challenges in compiler and debugging technologies, which are critical for developing effective IDE software[32]. - The company has applied for 4 patents and obtained 2 patent authorizations in the first half of 2025[51]. - The company has achieved over 90% automatic translation of PowerScript to .NET C code, showcasing its capabilities in programming language translation technology[71]. Market Expansion and Strategy - The company expects a revenue growth forecast of 25% for the next half-year, driven by new product launches and market expansion[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2026[1]. - The company is focusing on low-code technology applications to enhance development efficiency, allowing developers to quickly build application architectures compared to traditional IDEs[35]. - The company aims to provide efficient and intelligent development tools through its dual strategy of "IDE+AI" and "AI+IDE" in the AI era[52]. Product Development - The company has launched two new products in the AI sector, contributing to a projected 5% increase in overall sales[1]. - The company launched two new IDE products, SnapDevelop and EazyDevelop, focusing on AI integration and rapid application development[52]. - The SnapDevelop IDE has undergone significant upgrades, enhancing AI-assisted programming and low-code design capabilities[73]. - The EazyDevelop framework has completed its basic framework development and has officially released a public beta version[74]. - EazyDevelop can automatically generate 50%-80% of the code, significantly improving development efficiency and reducing the need for mid-to-senior engineers[61]. Financial Management - The company maintains a strong cash position with 200 million RMB in cash reserves, ensuring liquidity for future investments[1]. - The financial expenses increased by 145.49% to CNY 6,254,342.93, mainly due to rising interest expenses and reduced interest income[106]. - The company’s management expenses decreased by 20.32% to CNY 21,480,025.23, attributed to lower employee compensation[106]. - The company reported an investment amount of ¥10,333,340.00 for the current period, representing a significant increase of 154.86% compared to ¥4,054,500.00 in the same period last year[116]. Risks and Challenges - The management highlighted potential risks related to supply chain disruptions, which could impact future performance[1]. - The company faces risks related to market competition, particularly in the cloud computing and firmware sectors, where it competes with established industry giants[96]. - The gross profit margin is at risk of decline due to rising labor costs, particularly for high-end technical personnel, which may adversely affect future management and profitability levels[98]. - As of the end of the reporting period, 44.43% of accounts receivable were overdue for more than one year, indicating a potential increase in bad debt provisions[99]. Shareholder and Equity Management - No changes in the profit distribution plan were proposed during the board meeting[1]. - The company launched a restricted stock incentive plan for 2025, granting 3.7 million shares to 40 incentive targets, representing 3.05% of the total share capital, to stimulate business and R&D vitality[55]. - The company has committed to not transferring or managing its shares for 36 months post-IPO, with a lock-up period extending three months if any commitments are violated[134]. - The company will repurchase any shares sold in violation of commitments within ten trading days, with income from such sales being returned to the company[136]. Subsidiaries and Acquisitions - The company acquired minority interests in subsidiary Aipuyang Technology, which became a wholly-owned subsidiary, impacting net profit positively[21]. - The company completed the acquisition of 100% equity in Aipuyang Technology in 2024, which primarily generates revenue from the sales and technical services of PB and PS series products[94]. - Aipuyang Technology's new product, SnapDevelop, was launched in June 2024, but it faces challenges in market expansion and commercialization[97].

Market Overview - On August 27, the IT services sector declined by 0.64%, with Bohui Technology leading the drop [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Top Performers - Key gainers in the IT services sector included: - Kaiyin Cloud (688228) with a closing price of 113.70, up 20.00% [1] - *ST Yunchuang (835305) at 18.15, up 17.10% [1] - Yuntian Lifi (688343) at 92.50, up 13.32% [1] - Zhongke Chuangda (300496) at 76.65, up 11.69% [1] - Other notable gainers included Danghong Technology (688039), Yanshan Technology (002195), and Qiming Information (002232) with increases ranging from 10.00% to 11.69% [1] Underperformers - Major decliners included: - Bohui Technology (688004) at 23.98, down 8.61% [2] - Tianrun Technology (430564) at 27.47, down 8.28% [2] - Junyi Digital (301172) at 25.76, down 6.90% [2] - Other significant losers included Aerospace Hongtu (688066) and Zhuoyi Information (688258) with declines of 6.67% and 6.42% respectively [2] Capital Flow - The IT services sector experienced a net outflow of 39.95 billion yuan from institutional investors and 7.92 billion yuan from retail investors, while retail investors saw a net inflow of 47.87 billion yuan [2][3] - Notable capital flows included: - Yanshan Technology (002195) with a net inflow of 23.84 million yuan from institutional investors [3] - Other companies like Dazhi Technology (600589) and Donghua Software (002065) also saw varying degrees of net inflows and outflows [3]

Core Viewpoint - The State Council of China has released an opinion on the implementation of the "Artificial Intelligence +" initiative, aiming for over 70% penetration of new intelligent terminals and intelligent agents by 2027, over 90% by 2030, and a transition to a smart economy and society by 2035 [1][2]. Group 1: Policy Overview - The opinion covers six key areas: technology, industry, consumption, livelihood, governance, and global cooperation, emphasizing the need for deep implementation of the "Artificial Intelligence +" initiative [3]. - In the technology sector, the focus is on accelerating the application of large scientific models and enhancing collaboration between AI and fields like biomanufacturing, quantum technology, and 6G [3]. - The industrial development sector aims to promote intelligent upgrades across various industries, including software, finance, and logistics, facilitating the widespread application of new intelligent terminals and agents [3]. Group 2: Application and Development - The consumption enhancement sector encourages the development of efficiency-oriented and companion-type intelligent applications, including smart connected vehicles, AI smartphones, and smart home devices [3]. - The livelihood sector focuses on AI applications in employment, education, healthcare, and culture [3]. - Governance capabilities will address areas such as public safety and ecological management, while global cooperation aims to establish a global governance framework for AI [3]. Group 3: Industry Growth and Investment Opportunities - The opinion emphasizes the need for coordinated development of models, data, and computing power, which is expected to lead to a flourishing domestic AI industry ecosystem [4]. - The establishment of national AI application pilot bases and the optimization of the development environment are also highlighted as key initiatives [4]. - The report expresses a strong outlook for the AI industry by 2025, recommending various companies such as Kingsoft Office, iFlytek, and others as beneficiaries of this trend [5][6].

计算机 2025 年 08 月 27 日 投资评级：看好（维持） 行业走势图 数据来源：聚源 -26% 0% 26% 53% 79% 106% 132% 2024-08 2024-12 2025-04 计算机 沪深300 相关研究报告 《重视计算机的 3 个投资方向—行业 周报》-2025.8.24 《积极拥抱 AI 投资大时代—行业周 报》-2025.8.17 《坚定看好AI应用产业趋势—行业周 报》-2025.8.10 "人工智能+"行动意见发布，迎接 AI 投资大时代 ——行业点评报告 | 陈宝健（分析师） | 李海强（分析师） | | --- | --- | | chenbaojian@kysec.cn | lihaiqiang@kysec.cn | | 证书编号：S0790520080001 | 证书编号：S0790524070003 | lihaiqiang@kysec.cn 证书编号：S0790524070003 事件：国务院发布"人工智能+"行动意见 8 月 26 日，国务院发布关于深入实施"人工智能+"行动的意见，目标到 2027 年新一代智能终端、智能体等应用普及率超 70%，到 2030 ...

Core Viewpoint - The significant increase in trading volume in the A-share market is attributed to a combination of policy support and market dynamics, with a notable shift of household savings into capital markets and continued foreign capital inflow [8][9]. Trading Volume and Market Performance - On August 26, the trading volume of the Shanghai and Shenzhen stock markets exceeded 2.71 trillion yuan, marking the 10th consecutive trading day above 2 trillion yuan, although it decreased by 462.1 billion yuan from the previous trading day [1][2]. - The A-share market has seen a total of 18 days with trading volumes exceeding 2 trillion yuan in 2024, and 12 days in 2025 so far. On August 25, the trading volume peaked at 3.18 trillion yuan, setting a new record for the year [3]. Sector Performance - Consumer electronics showed strong performance on August 26, with notable rebounds in chip stocks. Companies like Silan Microelectronics and Huasheng Tiancheng reached their daily limit up [3][5]. - Low-altitude economy concept stocks also experienced significant gains, with Wan Feng Ao Wei briefly hitting the daily limit up [5]. Market Sentiment and Economic Indicators - Economists suggest that the current high trading volume reflects a synergy between policy and market conditions, with a shift in household savings and foreign capital inflow contributing to market vitality [8]. - Recent reports indicate that the macro liquidity environment is relatively loose, with a decline in long-term bond yields and a drop in one-year LPR to 3%, which encourages the movement of savings into the stock market [8][9]. Market Trends and Future Outlook - The upward trend in trading volume is viewed as healthier compared to previous peaks, with a gradual increase in trading activity observed from April to August [9]. - Analysts believe that the current market conditions indicate a bullish sentiment, with increased trading enthusiasm and a rising risk appetite among investors [11].

Group 1 - The company has a presence in the Harmony ecosystem with its BIOS products, although the revenue contribution is currently small [1] - The company is also a partner in the Euler ecosystem [1]

Group 1 - The company,卓易信息, has indicated that its BIOS products are integrated within the Harmony ecosystem, although the current revenue contribution from this segment is relatively small [1] - The company is also a partner in the Euler ecosystem, indicating its involvement in multiple technological collaborations [1]

Group 1 - The company has a layout for its BIOS products in the HarmonyOS ecosystem, although the current revenue contribution is relatively small [2] - The company is also a partner in the Euler ecosystem [2]

Group 1 - The company has not yet released a formal paid version of its AI programming products, Snapdevelop and Eazydevelop, and advises stakeholders to refer to its periodic reports and announcements for further information [2] - The user base and activity levels for Snapdevelop and Eazydevelop have not been disclosed, indicating that there may not be significant updates on these metrics at this time [2] - The company does not belong to Huawei's CANN suite and toolchain ecosystem, suggesting that it may not benefit directly from Huawei's recent open-source initiatives [2]

格隆汇8月8日丨卓易信息(688258.SH)在投资者互动平台表示，公司产品snapdevelop和eazydevelop尚未 发布正式收费版，相关信息请关注公司披露的定期报告与相关公告，另公司不属于华为cann套件和工具 链生态体系。 ...