Company Performance - Yuncong Technology (SH 688327) reported a revenue of approximately 169 million yuan for the first half of 2025, representing a year-on-year increase of 40.21% [1] - The net loss attributable to shareholders for the same period was approximately 230 million yuan, with a basic earnings per share loss of 0.22 yuan [1] - In comparison, for the first half of 2024, the company reported a revenue of approximately 121 million yuan and a net loss of approximately 356 million yuan, with a basic earnings per share loss of 0.34 yuan [1] Market Capitalization - As of the report date, Yuncong Technology's market capitalization stood at 17.8 billion yuan [1]

Core Viewpoint - The company is committed to enhancing quality and efficiency while returning value to shareholders through its 2025 "Quality Improvement and Efficiency Enhancement" action plan, which has been evaluated for its effectiveness in the first half of 2025 [1][19]. Group 1: Business Advancement and Efficiency Improvement - The company has focused on high-quality artificial intelligence products and solutions, adjusting its business structure to maintain competitive advantages, resulting in a decrease in revenue but improved operational efficiency [2][3]. - The company has expanded into emerging sectors such as manufacturing, energy, and cultural tourism, achieving significant growth in its "pan-AI" segment, with new clients contributing to revenue [2][3]. - Collaborations with industry partners like Huawei have strengthened market penetration and operational efficiency, leading to the development of integrated AI solutions for various sectors [3][4]. Group 2: Technological Innovation and Application - The company has maintained high R&D investment, achieving breakthroughs in AI technologies, particularly in multimodal models, which have been recognized internationally [5][6]. - New innovative products have been launched, such as the "From Contemplation" multimodal model integrated machine, which supports various complex applications in government, finance, and healthcare [6][7]. - The company has optimized its R&D management to ensure continuous innovation and output, including the implementation of an employee stock incentive plan to enhance team stability and performance [7][8]. Group 3: Financial Performance and Management Optimization - The company has shifted its financial strategy from pursuing scale to emphasizing quality, resulting in a significant revenue decline of 36.69% year-on-year, while maintaining a gross margin of 35.68% [7][8]. - Cash flow management has been prioritized, with measures taken to enhance the efficiency of receivables and inventory management, leading to improved cash flow stability [9][10]. - The company has implemented flexible cash management strategies to increase returns on idle funds while ensuring safety and liquidity [10][11]. Group 4: Governance Structure and Compliance - The company has optimized its governance structure to clarify responsibilities among shareholders, the board, and management, ensuring compliance with regulations [11][12]. - Active compliance management has been emphasized, with timely responses to regulatory inquiries and a commitment to transparent information disclosure [12][13]. - A culture of compliance has been fostered within the organization, enhancing governance effectiveness and management transparency [13][14]. Group 5: Investor Communication and Feedback - The company has utilized diverse channels to communicate performance and strategic information to investors, enhancing understanding and engagement [13][14]. - Efforts have been made to improve the readability of disclosures, ensuring that information is accessible and clear to investors [14][15]. - The company has actively sought investor feedback and responded to concerns regarding performance fluctuations and strategic adjustments, demonstrating a commitment to stakeholder engagement [15][16]. Group 6: Action Plan Adjustments and Updates - The company has found that the existing action plan aligns with its development needs, with no significant adjustments required in the first half of 2025 [19][20]. - Emphasis has been placed on enhancing cash flow and profitability quality, with a focus on expanding into new "pan-AI" business areas while maintaining traditional strengths [19][20]. - The company plans to establish a long-term mechanism for stabilizing stock prices and enhancing shareholder returns through its stock incentive plan [19][21].

Fundraising Overview - The company raised a total of RMB 172,804.91 million from the public offering of 112,430,000 shares, with a net amount of RMB 162,709.49 million after deducting issuance costs of RMB 10,095.42 million [1][2] - The funds were fully received by May 24, 2022, and verified by DaHua Accounting Firm [1] Fund Utilization - As of June 30, 2025, the company has utilized RMB 164,488.81 million of the raised funds, with RMB 150,055.35 million directly invested in projects and RMB 14,444.95 million used to supplement working capital [2][4] - The balance of the raised funds and cash management accounts stood at zero as of June 30, 2025 [2][4] Fund Management - The company has established a fundraising management system in compliance with relevant regulations to ensure proper management and usage of the funds [3] - A tripartite supervision agreement was signed with the bank and the securities company to ensure dedicated use of the funds [3] Project Adjustments - The company has made adjustments to the investment amounts for certain projects and has closed specific fundraising accounts as per the board's resolutions [3][4] - No prior expenditures were replaced with raised funds during the reporting period [4] Compliance and Reporting - The company has reported that all information regarding the use of raised funds has been timely, truthful, accurate, and complete, with no significant violations in fund management [4][5]

证券代码：688327 证券简称：云从科技 公告编号：2025-039 云从科技集团股份有限公司 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。 重要内容提示： 股，占公司总股本的 0.0167%。 上述股份均为公司 2023 年限制性股票激励计划首次授予部分第一个归属期 归属的股份，已于 2025 年 3 月 31 日上市流通。 ? 减持计划的主要内容 因自身资金需求，公司董事、副总经理、核心技术人员李继伟先生拟在本减 持计划披露的减持期间内，通过集中竞价方式减持合计不超过 43,235 股的公司 股份，减持股份占公司总股本的比例不超过 0.0042%。 因自身资金需求，公司财务总监高伟女士拟在本减持计划披露的减持期间内， 通过集中竞价方式减持合计不超过 8,696 股的公司股份，减持股份占公司总股本 的比例不超过 0.0008%。 公司于近日分别收到李继伟先生和高伟女士出具的《股份减持计划告知函》， 现将相关减持计划情况公告如下： ? 董事、高级管理人员持有的基本情况 减持价格按市场价格确定，若公司在上述减 ...

Core Viewpoint - Cloudwalk Technology Group Co., Ltd. reported a significant increase in revenue for the first half of 2025, with operating income reaching approximately 169 million, a 40.21% increase compared to the same period last year [4]. Group 1: Company Governance - The company has a dual-class share structure, where Class A shares held by the controlling shareholder, Changzhou Cloudwalk, have six votes per share, while Class B shares have one vote per share [2][3]. - As of March 31, 2025, the voting power of Changzhou Cloudwalk decreased from 59.67% to 59.62% following the listing of 1,609,733 restricted stock units [2]. Group 2: Financial Performance - Total assets as of the report date were approximately 1.96 billion, reflecting a decrease of 1.37% from the previous year [6]. - The total profit for the period was reported at approximately -235 million, showing an improvement from -358 million in the same period last year [4]. - The net profit attributable to shareholders was approximately -230 million, also an improvement from -356 million year-on-year [4]. - Basic and diluted earnings per share were both reported at -0.22, compared to -0.34 in the previous year [7]. Group 3: Shareholder Information - The total number of shareholders as of the report date was 52,204, with one shareholder holding special voting rights [7]. - The largest shareholder, Changzhou Cloudwalk, holds 205,107,480 Class A shares, representing 19.75% of the total shares [8].

证券代码：688327 证券简称：云从科技 公告编号：2025-037 云从科技集团股份有限公司 本公司监事会及全体监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。 一、监事会会议召开情况 云从科技集团股份有限公司（以下简称"公司"）第二届监事会第二十五次 会议于 2025 年 8 月 28 日在上海市浦东新区川和路 55 弄张江人工智能岛 11 号楼 已于 2025 年 8 月 18 日以电子邮件方式送达公司全体监事。 本次会议由监事会主席刘君先生主持，会议应出席监事 3 人，实际出席监事 表决程序符合《中华人民共和国公司法》等法律、法规以及《公司章程》的有关 规定。 二、监事会会议审议情况 经与会监事表决，审议通过以下议案： 公司严格按照各项法律、法规、规章的要求规范运作，《2025 年半年度报 告摘要》和《2025 年半年度报告》所披露的信息真实、准确、完整，公允地反 映了公司的财务状况、经营成果和现金流情况，其中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。 特此公告。 云从科技集团股 ...

证券代码：688327 证券简称：云从科技 公告编号：2025-038 云从科技集团股份有限公司 2025 年半年度募集资金存放、管理与实际使用情况的专项报 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《上市公司募集资金监管规则》《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》和《上海证券交易所科创板股票上市规则》等有 关规定，云从科技集团股份有限公司（以下简称"公司"或"云从科技"）董事 会对公司 2025 年半年度募集资金存放与实际使用情况专项说明如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 根据中国证券监督管理委员会《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），公司向社会公开发行人 民币普通股 112,430,000 股，募集资金总额为人民币 172,804.91 万元，扣除发行 费用合计人民币 10,095.42 万元后，实际募集资金净额为人民币 162,709.49 万元。 本次募集资金已于 2022 年 ...

云从科技集团股份有限公司 关于 2025 年"提质增效重回报"行动方案的半年度 评估报告 云从科技集团股份有限公司（以下简称"公司"或"云从科技"）作为一家始终秉持"以 投资者为本"发展理念的上市公司，深知提高自身质量，增强对投资者回报，提升投资者的 获得感，是公司发展的必然要求，也是公司对投资者应尽的责任。2025 年，公司在延续前 述行动方案的基础上，结合国家最新政策导向、市场环境变动以及公司业务发展需求，进一 步优化资源配置，提升运营效率，强化核心竞争力，为股东创造更大价值，促进公司高质量 发展。公司制定并发布了 2025 年"提质增效重回报"行动方案。2025 年上半年，公司根据 该行动方案内容积极开展并落实各项工作，现将主要工作成果评估报告如下： 一、主业推进与效率提升执行情况与成效 （一）保持研发投入，核心技术国内领先 公司深知前沿研发投入对长期发展的重要性，上半年持续在视觉、多模态大模型等领域 2025 年上半年，公司聚焦核心主营业务，不断优化客户和业务结构，提升经营效率与 效益。面对宏观环境变化和行业竞争加剧，公司继续坚持"提质增效"战略，一方面主动收 缩附加值低、资金占用高的业务单元，聚焦高 ...

证券代码：688327 证券简称：云从科技 公告编号：2025-037 云从科技集团股份有限公司 第二届监事会第二十五次会议决议公告 本公司监事会及全体监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。 本次会议由监事会主席刘君先生主持，会议应出席监事 3 人，实际出席监事 3 人（其中监事周哲斯先生以通讯表决的方式出席）。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、法规以及《公司章程》的有关 规定。 二、监事会会议审议情况 经与会监事表决，审议通过以下议案： 1、《关于<2025 年半年度报告及其摘要>的议案》 公司严格按照各项法律、法规、规章的要求规范运作，《2025 年半年度报 告摘要》和《2025 年半年度报告》所披露的信息真实、准确、完整，公允地反 映了公司的财务状况、经营成果和现金流情况，其中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。 具体内容详见公司于同日在上海证券交易所网站（http://www.s ...

证券代码：688327 证券简称：云从科技 公告编号：2025-039 云从科技集团股份有限公司 关于董事、高级管理人员减持股份计划的公告 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。 重要内容提示： 董事、高级管理人员持有的基本情况 截至本公告披露日，云从科技集团股份有限公司（以下简称"公司"）董事、 高级管理人员持股情况如下： 1、公司董事、副总经理、核心技术人员李继伟先生直接持有公司 172,940 股，占公司总股本的 0.0167%。 因自身资金需求，公司财务总监高伟女士拟在本减持计划披露的减持期间内， 通过集中竞价方式减持合计不超过 8,696 股的公司股份，减持股份占公司总股本 的比例不超过 0.0008%。 减持价格按市场价格确定，若公司在上述减持计划实施期间发生派发红利、 送红股、转增股本、增发新股或配股等股本除权、除息事项的，则上述减持计划 1 将作相应调整。 公司于近日分别收到李继伟先生和高伟女士出具的《股份减持计划告知函》， 现将相关减持计划情况公告如下： | 一、减持主体的基本情况 | ...