信达证券（601059）股份有限公司庞倩倩近期对卓易信息进行研究并发布了研究报告《利润端高增 长，"IDE+AI"双线战略布局长期发展》，给予卓易信息买入评级。 固件业务与AI积极融合，RISC-V领域取得突破。2025年上半年百敖软件继续深化ByoCore2.0各项新功 能，重点推进了鲲鹏产品线在各个细分市场的技术和产品演进；加大RISC-V领域的研发投入，取得了多 项关键突破，尤其在高性能计算的服务器RISC-VCPU，百敖提供独特的全原生UEFI和ACPI方案以及对服 务器重点特性：如RAS和功耗管理等；此外利用开源LLM模型，融合AI来拟合编程，显著提升了开发效 率。 研发力度持续加大。费用方面：公司2025年上半年销售/管理/研发费用率分别为2.42%/12.34%/23.33%，分 别较上年同期变动-0.27/-4.86/+1.63个百分点。2025上半年公司研发投入合计4,062.27万元，较去年同期增 加660.40万元，增长19.41%。 盈利预测及投资建议：我们认为公司IDE新产品在专业性和独立性上具有较大优势，功能上较为完善； SnapDevelop已与国内开发者服务头部平台DCloud ...

Core Viewpoint - The recent financial report of Zhuoyi Information (688258) shows a positive trend in revenue and profit growth, indicating improved profitability and operational efficiency [1][2]. Financial Performance - As of the end of the reporting period, the company's total revenue reached 174 million yuan, a year-on-year increase of 11.07% - The net profit attributable to shareholders was 27.13 million yuan, up 40.66% year-on-year - In Q2, total revenue was 88.89 million yuan, reflecting a 2.99% increase year-on-year, while net profit for the quarter was 8.33 million yuan, soaring 252.71% year-on-year - Gross margin improved to 54.95%, up 13.75% year-on-year, and net margin increased to 16.07%, up 5.95% year-on-year [1]. Cost Management - Total selling, administrative, and financial expenses amounted to 31.95 million yuan, accounting for 18.35% of revenue, a decrease of 14.69% year-on-year - The company's earnings per share rose to 0.22 yuan, a 37.5% increase year-on-year, while operating cash flow per share increased by 68.5% to 0.30 yuan [1]. Debt and Cash Flow - The company has a healthy cash position, with cash assets being robust - The cash flow situation is noteworthy, with cash assets to current liabilities ratio at 94.07% and the average operating cash flow to current liabilities ratio at 17.52% over the past three years [2][3]. Business Model and R&D - The company's performance is primarily driven by research and development, necessitating a thorough examination of the underlying drivers of this growth [2]. - The IDE product EazyDevelop was launched in public beta, featuring capabilities for natural language development and multi-agent collaboration, aimed at reducing development barriers for non-professionals [6]. Market Position and Analyst Expectations - Analysts expect the company's performance in 2025 to reach 88 million yuan, with an average earnings per share forecast of 0.73 yuan - The company is held by notable fund managers, with the largest holding being the Guotai Jinlong Industry Mixed Fund [4][5].

Summary of the Conference Call for Zhuoyi Information Company Overview - **Company**: Zhuoyi Information - **Industry**: Technology, specifically focusing on software development tools and cloud services Key Financial Highlights - **Revenue Growth**: Revenue increased by 40.66% year-on-year in the first half of 2025, reaching 174 million yuan [2][3] - **Net Profit**: Net profit attributable to shareholders rose by 40.66% to 27.13 million yuan, while non-recurring net profit surged by 323.58% to 20.92 million yuan [2][3] - **Cash Flow**: Operating cash flow improved significantly by 68.5%, totaling 36.2 million yuan [2][3] - **Cloud Services**: Revenue from cloud services grew by 48.1% [2][3] Business Strategy and Developments - **M&A Strategy**: The company is actively pursuing an external merger and acquisition strategy, participating in projects like Dongfang Shuali, Zhaoxin, and Hengkong, which are expected to yield cash flow returns [2][5] - **Product Development**: Focus on refining products and ecosystem collaboration, with a commercial launch phase starting in August 2025 [9][10] - **AI and IDE Integration**: The company is implementing a dual-engine strategy combining AI and IDE to enhance development efficiency and reduce costs [8] Product Innovations - **Easydev Layer**: Launched to support Cangjie and Arkts languages, with plans to release Swan Developer by the end of the year to optimize native application development for the HarmonyOS ecosystem [2][6] - **Snap Developer**: Attracted over 20,000 registered users, with positive feedback on efficiency and memory usage compared to traditional tools [4][13] - **Denet Low-Code Platform**: Demonstrated 3-5 times efficiency in specific scenarios compared to traditional tools, with memory usage only one-third of competitors [4][14][15] Market Positioning - **Differentiation from Competitors**: Zhuoyi Information's EV ID product stands out due to its proprietary core and source code, extensive experience in the IDE field, and support for domestic CPU operating systems [8] - **Focus on Domestic Market**: The company emphasizes the importance of domestic innovation and security, aligning with national trends towards self-sufficiency [18][19] Challenges and Future Outlook - **Impact of Intel's Business Adjustment**: The reduction in orders from Intel, previously the largest client, is expected to have a limited impact due to the overall growth in the domestic semiconductor market [18] - **Long-term Strategy**: The company aims for sustainable growth without excessive spending on customer acquisition, focusing on product quality and user retention [19] Conclusion Zhuoyi Information is positioned for significant growth through strategic mergers, innovative product development, and a strong focus on the domestic market's needs. The company is confident in achieving its annual targets and delivering value to shareholders while navigating the challenges of the current market environment.

Core Viewpoint - The company, Jiangsu Zhuoyi Information Technology Co., Ltd., has released its 2025 semi-annual report, detailing its financial performance and the status of its fundraising activities, ensuring compliance with relevant regulations and transparency in its operations [1][5][7]. Company Overview - The company is listed under the stock code 688258 and is referred to as Zhuoyi Information [2]. - The report emphasizes the importance of reviewing the full semi-annual report for a comprehensive understanding of the company's performance and future plans [1]. Financial Data - The company raised a total of RMB 575.87 million through its public offering, with a net amount of RMB 512.84 million after deducting various fees [7]. - The report includes details on the management and usage of the raised funds, ensuring compliance with regulatory requirements [6][9]. Fundraising and Usage - The company has established a dedicated account for the management of raised funds, adhering to a specialized storage system to protect investor interests [9]. - As of June 30, 2025, the company has not engaged in any temporary use of idle funds for operational liquidity [13]. - The company has also not made any changes to its fundraising projects during the reporting period [16]. Governance and Compliance - The board of supervisors and all members have confirmed the accuracy and completeness of the report, ensuring no misleading statements or omissions [4][6]. - The company has complied with all relevant laws and regulations regarding fundraising and financial disclosures [6][16].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's firmware and IDE business fundamentals are solid, and the commercialization prospects of AI+IDE are promising. The profit forecast remains unchanged, with expected net profits for 2025-2027 at 88 million, 158 million, and 297 million yuan, respectively. The corresponding EPS is projected to be 0.73, 1.30, and 2.45 yuan per share, with current price-to-earnings ratios of 99.4, 55.8, and 29.6 times [4][5] Financial Performance - In the first half of 2025, the company achieved operating revenue of 174 million yuan, a year-on-year increase of 11.07%. The net profit attributable to the parent company was 27 million yuan, up 40.66% year-on-year. The non-recurring net profit attributable to the parent company was 21 million yuan, showing a significant growth of 323.58% [5] - The firmware business generated revenue of 61 million yuan, with a gross margin increase of 10 percentage points year-on-year, attributed to the introduction of AI large language model tools that significantly improved development efficiency. The cloud service business revenue grew by 48.10% year-on-year, reaching 59 million yuan [6] Stock Incentive Plan - On June 4, the company announced a stock incentive plan, granting 3.7 million shares at 25 yuan per share to 40 individuals, representing 3.05% of the total share capital. The performance targets set for the stock incentive plan reflect strong confidence in long-term development [7] Future Growth Potential - The company is a rare player in the domestic AI programming field, having launched the new low-code IDE product SnapDevelop and the AI+IDE platform EazyDevelop. The 2026 version of SnapDevelop enhances AI-assisted programming capabilities, supporting domestic large models such as DeepSeek, Qianwen, and Doubao, indicating promising future performance [7]

2025年8月28日，卓易信息(688258.SH)发布2025年中报。 公司最新总资产周转率为0.11次，在已披露的同业公司中排名第81。最新存货周转率为7.71次。 公司股东户数为8259户，前十大股东持股数量为5999.80万股，占总股本比例为49.53%，前十大股东持 股情况如下： 公司最新资产负债率为43.87%，在已披露的同业公司中排名第69，较上季度资产负债率增加0.51个百分 点，较去年同期资产负债率增加13.31个百分点。 公司最新毛利率为54.95%，较上季度毛利率减少6.59个百分点。最新ROE为3.15%。 公司摊薄每股收益为0.22元。 公司营业总收入为1.74亿元，在已披露的同业公司中排名第78。归母净利润为2712.55万元。经营活动现 金净流入为3620.20万元。 | 序号 | 股东名称 | 持股比例 | | --- | --- | --- | | I | 谢乾 | 39.35% | | 2 | 宜兴中恒企业管理有限公司 | 3.25% | | w | 江苏银行股份有限公司-诺安积极回报灵活配置混合型证券投资基金 | 1.21% | | 4 | 中国银行股份有限公司-华夏行业 ...

智通财经APP讯，卓易信息(688258.SH)发布2025年半年度报告，该公司营业收入为1.74亿元，同比增长 11.07%。归属于上市公司股东的净利润为2712.55万元，同比增长40.66%。归属于上市公司股东的扣除 非经常性损益的净利润为2092万元，同比增长323.58%。基本每股收益为0.22元。 ...

江苏卓易信息科技股份有限公司2025 年半年度报告 公司代码：688258 公司简称：卓易信息 江苏卓易信息科技股份有限公司 江苏卓易信息科技股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 重大风险提示 公司已在本报告中详细阐述公司在经营过程中可能面临的各种风险及应对措施，敬请查阅本报告 第三节"管理层讨论与分析" 三、 公司全体董事出席董事会会议。 四、 本半年度报告未经审计。 五、 公司负责人谢乾、主管会计工作负责人黄吉丽及会计机构负责人（会计主管人员）宗静姝 声明：保证半年度报告中财务报告的真实、准确、完整。 六、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 七、 是否存在公司治理特殊安排等重要事项 □适用 √不适用 八、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的公司未来计划、发展战略等前瞻性陈述，不构成公司对投资者的实质承诺，请投 资者注意投资风险。 九、 是否存在被控股股东及其他关联方非经营性占用资金 ...

江苏卓易信息科技股份有限公司2025 年半年度报告摘要 公司代码：688258 公司简称：卓易信息 江苏卓易信息科技股份有限公司 江苏卓易信息科技股份有限公司2025 年半年度报告摘要 | 股票种类 股票上市交易所 | | 股票简称 股票代码 | 变更前股票简称 | | | --- | --- | --- | --- | --- | | A股 | 上海证券交易所科创板 卓易信息 | 688258 | — | | | 公司存托凭证简况 | | | | | | □适用 √不适用 | | | | | | 联系人和联系方式 | | | | | | 联系人和联系方式 | 董事会秘书（信息披露境内代表） | | 证券事务代表 | | | 姓名 | 王娟 | 陈巾 | | | | 电话 | 0510-80322888 | 0510-80322888 | | | | 宜兴市新街街道兴业路298号 办公地址 | | | 宜兴市新街街道兴业路298号 | | | 电子信箱 wangjuan@eazytec.com | | chenjin@eazytec.com | | | | 江苏卓易信息科技股份有限公司2025 | | 年半年 ...

证券代码：688258 证券简称：卓易信息 公告编号：2025-030 江苏卓易信息科技股份有限公司 第四届监事会第二十四次会议决议公告 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。 表决结果：同意3票，反对0票，弃权0票。 公司 2025 年半年度报告及摘要的编制和审核程序符合相关法律法规、 《公司 章程》和公司管理制度的各项规定，能够客观公允地反映本报告期的财务状况和 经营成果；在半年度报告编制的过程中，未发现公司参与年度报告编制和审议的 人员有违反保密规定的行为：监事会全体成员承诺公司所披露的信息真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并对其内容的真实性、准确性 和完整性依法承担法律责任。 报告的议案》 表决结果：同意3票，反对0票，弃权0票。 公司2025年半年度募集资金的存放和使用符合《上海证券交易所科创板股票 上市规则》 《上市公司募集资金监管规则》 一、监事会会议召开情况 江苏卓易信息科技股份有限公司（以下简称"公司"）第四届监事会第二十 四次会议（以下简称"本次会议"）于 2025 年 ...