证券代码：688327 证券简称：云从科技 公告编号：2025-029 云从科技集团股份有限公司 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首发限售股份；股票认购方式为网下，上市股数为 本次股票上市流通总数为79,822,447股。 ? 本次股票上市流通日期为2025 年 5 月 27 日。 一、本次上市流通的限售股类型 根据中国证券监督管理委员会于 2022 年 2 月 15 日出具的《关于同意云从科 技集团股份有限公司首次公开发行股票注册的批复》（证监许可〔2022〕333 号）， 同意公司首次公开发行股票的注册申请。云从科技集团股份有限公司（以下简称 "公司"或"云从科技"）首次向社会公众公开发行人民币普通股（A 股）股票 后总股本为 740,670,562 股，其中有限售条件流通股 666,306,068 股，占公司股本 总数的 89.96%，无限售条件流通股 74,364,494 股，占公司股本总数的 10.04%。 本次上市流通的限售股为公司首次公开发行部分限售股，限 ...

中信建投证券股份有限公司 关于云从科技集团股份有限公司 首次公开发行限售股上市流通的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐人"）为 云从科技集团股份有限公司（以下简称"云从科技"或"公司"）首次公开发行 股票并在科创板上市的保荐人及持续督导机构，根据《证券发行上市保荐业务管 理办法》《上海证券交易所科创板股票上市规则》《科创板上市公司持续监管办法 （试行）》等有关规定，对云从科技首次公开发行限售股上市流通的事项进行了 审慎核查，具体核查情况如下： 一、本次上市流通股的限售股类型 根据中国证券监督管理委员会于 2022 年 2 月 15 日出具的《关于同意云从科 技集团股份有限公司首次公开发行股票注册的批复》（证监许可〔2022〕333 号）， 同意公司首次公开发行股票的注册申请。云从科技首次向社会公众公开发行人民 币普通股（A 股）股票 112,430,000 股，并于 2022 年 5 月 27 日在上海证券交易 所科创板上市，发行完成后总股本为 740,670,562 股，其中有限售条件流通股 666,306,068 股，占公司股本总数的 89.96%，无限售条件流通股 74 ...

首次公开发行部分限售股上市公告 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： 证券代码：688327 证券简称：云从科技 公告编号：2025-029 云从科技集团股份有限公司 本次股票上市类型为首发限售股份；股票认购方式为网下，上市股数为 79,822,447股。 本次股票上市流通总数为79,822,447股。 本次上市流通的限售股为公司首次公开发行部分限售股，限售期限为自公司 股票上市之日起 36 个月，股份数量为 79,822,447 股，股东数量为 5 名，占公司股 本总数的 7.69%。现限售期即将届满，该部分限售股将于 2025 年 5 月 27 日起上市 流通。 二、本次上市流通的限售股形成后至今公司股本数量变化情况 （一）资本公积金转增股本 2023 年 4 月 18 日，公司在上海证券交易所网站（www.sse.com.cn）披露了《云 1 从科技集团股份有限公司 2022 年年度利润分配及资本公积转增股本方案公告》（公 告编号：2023-020），公司以资本公积金向全体股东每 10 股转 ...

证券代码：688327 证券简称：云从科技 公告编号：2025-030 云从科技集团股份有限公司 关于股东大会开设网络投票提示服务的公告 为更好地服务广大中小投资者，确保有投票意愿的中小投资者能够及时参会 并投票。公司拟使用上证所信息网络有限公司（以下简称"上证信息"）提供的 股东大会提醒服务，委托上证信息通过智能短信等形式，根据股权登记日的股东 名册主动提醒股东参会投票，向每一位投资者主动推送股东会参会邀请、议案情 况 等 信 息 。 投 资 者 在 收 到 智 能 短 信 后 ， 可 根 据 使 用 手 册 （ 下 载 链 接 https://vote.sseinfo.com/i/yjt_help.pdf）的提示步骤直接投票，如遇拥堵等情况， 仍可通过原有的交易系统投票平台和互联网投票平台进行投票。若广大投资者对 本次服务有任何意见或建议，可通过邮件、投资者热线等方式向公司反馈，感谢 广大投资者对公司的关注与支持！ 特此公告。 云从科技集团股份有限公司董事会 2025 年 5 月 19 日 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 ...

Group 1 - The 17th Shenzhen International Battery Technology Exchange Conference (CIBF2025) opened with over 3,200 global companies participating, covering an exhibition area of nearly 300,000 square meters, and is expected to attract over 400,000 professional visitors during the three-day event [1] - The conference focuses on trends such as solid-state batteries, fast charging, green manufacturing, and international standards, emphasizing the competition in the battery industry based on digital intelligence and closed-loop ecosystems [1][3] - Companies like CATL, BYD, and others showcased innovations in energy storage, cell manufacturing, and recycling, with a particular emphasis on high-nickel cathodes and molecular-level material innovations [1] Group 2 - Solid-state batteries emerged as a hot topic, with a report from CITIC Securities predicting global solid-state battery shipments to reach 642.6 GWh by 2030, with a compound annual growth rate exceeding 130% [2] - Hive Energy's CEO highlighted that solid-state batteries and ultra-fast charging are the future directions of battery technology, with the stacking process being the optimal path for mass production [2] - Hive Energy plans to introduce "end fast charging" technology in its mass-produced fast-charging batteries this year, optimizing charging time significantly compared to industry standards [2] Group 3 - The conference also featured over 200 thematic speeches and high-end forums, with reports such as the "Lithium-Ion Battery Industry Blue Book 2024" being released, focusing on emerging topics like energy storage and AI applications [3] - The chairman of the CIBF organizing committee stated that the transition from scale expansion to quality improvement is a critical turning point for China's new energy sector [3] - In the first quarter of 2025, China's newly installed renewable energy capacity reached 76.75 million kilowatts, a year-on-year increase of 21%, indicating the battery industry's role in supporting structural changes [3]

中信建投证券股份有限公司 关于云从科技集团股份有限公司 2 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | | 事前审阅，对存在问题的信息披露文件应 | 查阅了相关公开信息及对相关主体进 | | | 及时督促上市公司予以更正或补充，上市 | 行访谈。经核查，本持续督导期内，公 | | | 公司不予更正或补充的，应及时向上海证 | 司不存在相关文件存在问题需进行信 | | | 券交易所报告。 | 息披露更正或补充公告的情况，不存在 | | | 对上市公司的信息披露文件未进行事前审 | 不予更正或补充应及时向上海证券交 | | | 阅的，应在上市公司履行信息披露义务后 | 易所报告的情况。 | | | 五个交易日内，完成对有关文件的审阅工 | | | | 作对存在问题的信息披露文件应及时督促 | | | | 上市公司更正或补充，上市公司不予更正 | | | | 或补充的，应及时向上海证券交易所报告。 | | | | | 保荐人督促云从科技完善并严格执行 内部控制制度，并通过现场检查、现场 | | | 关注上市公司或其控股股东、实际控制人、 | 培训等措施，督导云从科技及其 ...

中信建投证券股份有限公司 关于云从科技集团股份有限公司2024年度现场检查报告 中信建投证券股份有限公司（以下简称"中信建投"或"保荐人"）为云从 科技集团股份有限公司（以下简称"云从科技"或"公司"）首次公开发行股票 并在科创板上市的保荐人及持续督导机构，根据《证券发行上市保荐业务管理办 法》《上海证券交易所科创板股票上市规则》《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，于 2025 年 4 月 28 日-2025 年 4 月 30 日对公司进行了现场检查。现将本次现场检查情况报告如下： 一、本次现场检查的基本情况 中信建投针对云从科技的实际情况制订了云从科技现场检查工作计划。为顺 利实施本次现场工作，提高现场工作效率，切实履行持续督导工作，中信建投证 券提前将现场检查事宜通知云从科技，并要求公司提前准备现场检查工作所需的 相关文件和资料。 2025 年 4 月 28 日-2025 年 4 月 30 日，中信建投保荐代表人根据事先制订的 现场检查工作计划，采取与相关负责人员沟通及询问、查看公司生产经营场所、 查阅公司主要业务合同、往来款明细账、部分原始凭证、募集资金台账及 ...

Core Insights - CloudWalk Technology's self-developed "Congrong Multimodal Large Model" scored 65.5 in the Open Compass evaluation, ranking among the top three globally, surpassing models like Google's Gemini 1.5 Pro [1] - The model has set world records in specific areas such as cross-modal tracking and 3D facial recognition, achieving this feat ten times [1] - Leveraging this technological advantage, the company has partnered with Huawei Ascend to launch an integrated intelligent machine solution, which has been implemented in several benchmark projects, including smart logistics scheduling at Tianjin Port and energy management for State Grid Shandong [1] - These implementations have resulted in over a 20% improvement in operational efficiency for enterprises [1]

Core Viewpoint - CloudWalk Technology, one of the "AI Four Little Dragons," reported a significant decline in performance for 2024, with revenue dropping to 398 million yuan, a year-on-year decrease of 36.69%, marking the lowest revenue point in seven years [1][2] Financial Performance - The company recorded a net profit of -722 million yuan, with losses expanding compared to the previous year, marking eight consecutive years of losses [1][2] - Revenue projections made during the company's IPO in 2022 were significantly overestimated, with actual revenues from 2022 to 2024 being 526 million yuan, 628 million yuan, and 398 million yuan respectively, resulting in a negative compound annual growth rate [2][3] - The company's gross margin fell by 16.39 percentage points to 35.81% in 2024, while its peers like SenseTime maintained a gross margin of 42.90% [3] Workforce and R&D - CloudWalk underwent significant layoffs in 2024, reducing its workforce from 801 to 453 employees, a decrease of 43%, with R&D personnel decreasing by 51% [5][6] - The company’s R&D expenses fell by 18.27% to 472 million yuan, yet the R&D expense ratio increased to 118.72% due to declining revenue [5][6] - The departure of key technical personnel, including a core technology staff member, raises concerns about the company's ability to maintain its technological edge [5][6] Strategic Challenges - The company is facing challenges in keeping pace with technological advancements, particularly in the development of large models, which has hindered its competitive position against major players like Baidu and Alibaba [3][4] - CloudWalk's cash flow from operating activities has been negative for three consecutive years, totaling nearly 1.2 billion yuan in cash outflows [3][4] Industry Context - The struggles faced by CloudWalk are not isolated, as other members of the "AI Four Little Dragons" are also experiencing similar issues, including prolonged losses and workforce reductions [6]

Core Insights - CloudWalk Technology is deeply embedding AI agents into key sectors such as finance, transportation, and manufacturing, driving an efficiency revolution through technology implementation [1][2] Group 1: Financial Sector - CloudWalk has established a digital security barrier for six major state-owned banks and over 100 financial institutions, enhancing identity verification accuracy to 99.99% and increasing attack resistance by 80% compared to traditional methods [1] - The AI anti-fraud model implemented by a large bank has tripled the efficiency of identifying high-risk transactions, preventing losses exceeding 100 million yuan annually [1] Group 2: Transportation Sector - The AI video analysis platform from CloudWalk covers nine major airports and hundreds of hub airports in China, reducing flight delay rates by 15% through applications like intelligent security checks and flight scheduling [1] - The launch of PortGPT at Tianjin Port has improved container dispatch efficiency by 40% by optimizing cargo loading paths and ship docking plans, receiving coverage from CCTV's "Economic Half Hour" [1] Group 3: Manufacturing and Energy Sectors - In the manufacturing sector, CloudWalk's intelligent customer service system has achieved a 95% accuracy rate in Q&A and improved customer handling efficiency by 24% [2] - The Shandong power grid has successfully reduced transmission and distribution losses through CloudWalk's smart energy management solution, which utilizes AI for predictive maintenance and load optimization [2] Group 4: Broader Impact and Vision - CloudWalk's long-term vision focuses on defining smart living and enhancing human potential, as evidenced by its AI identification system achieving 95% accuracy in ecological monitoring and its smart city management system reducing incident detection time from hours to minutes [2] - The company's competitive edge lies in addressing industry pain points with deep innovations rather than superficial technological showcases [2] - The transition of AI from laboratories to practical applications in various industries signifies not only commercial value but also serves as a fundamental driver for the intelligent transformation of China's industries [2]