云从科技集团股份有限公司2025 年第一季度报告 证券代码：688327 证券简称：云从科技 云从科技集团股份有限公司 2025 年第一季度报告 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。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、 完整，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。 公司负责人周曦、主管会计工作负责人高伟及会计机构负责人（会计主管人员）黄莲 保证季度报告中财务信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一) 主要会计数据和财务指标 1 / 12 单位：元 币种：人民币 项目 本报告期 上年同期 本报告期比上 年同期增 减变 动幅度(%) 调整前 调整后 调整后 营业收入 37,233,234.47 54,403,525.48 54,403,525.48 -31.56 归属于上市公司股 东的净利润 -123,934,878.06 -160,668,732.04 -160,668,732.04 ...

Financial Performance - The company reported a total operating revenue of 397.68 million yuan for the fiscal year 2024, with a net loss attributable to shareholders of 695.69 million yuan[5]. - The net profit excluding non-recurring gains and losses was reported at a loss of 722.32 million yuan[5]. - The company has not declared any cash dividends, stock dividends, or capital reserve transfers to shareholders for the fiscal year 2024 due to existing losses and significant future R&D funding needs[8]. - The company's operating revenue for 2024 was approximately RMB 397.68 million, representing a decrease of 36.69% compared to RMB 628.12 million in 2023[35]. - The net profit attributable to shareholders for 2024 was approximately RMB -695.69 million, compared to RMB -643.46 million in 2023, indicating a worsening financial position[35]. - The basic earnings per share for 2024 was -0.67 yuan, a decline from -0.62 yuan in 2023[36]. - The weighted average return on equity for 2024 was -51.37%, a decrease of 16.33 percentage points from -35.04% in 2023[36]. - The total assets at the end of 2024 were approximately RMB 1.98 billion, down 27.88% from RMB 2.75 billion at the end of 2023[35]. - The net assets attributable to shareholders decreased to approximately RMB 1.12 billion, a decline of 31.11% from RMB 1.62 billion in 2023[35]. - The cash flow from operating activities for 2024 was approximately RMB -307.05 million, worsening from RMB -239.75 million in 2023[35]. Shareholder Structure - The controlling shareholder, Changzhou Cloud, holds 205,107,480 Class A shares, which represent 19.78% of total shares but account for 59.67% of voting rights[13]. - The company has implemented a special voting rights system, where each Class A share has 6 votes compared to 1 vote for each Class B share[10]. - The total number of shares held by other shareholders is 831,831,307, representing 80.22% of total shares and 40.33% of voting rights[13]. Risk Management - The company has outlined various risks in its management discussion and analysis section, emphasizing the importance of investor awareness regarding these risks[5]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[16]. - The company’s future plans and projections are subject to risks and do not constitute substantive commitments to investors[15]. Revenue Growth and Projections - The company reported a significant increase in revenue, achieving a year-over-year growth of 25% in the last quarter[22]. - User data showed an increase in active users, reaching 5 million, which represents a 15% growth compared to the previous quarter[23]. - The company provided a positive outlook for the next quarter, projecting a revenue increase of 20%[22]. - New product launches are expected to contribute an additional $50 million in revenue over the next fiscal year[23]. - The company reported a significant increase in revenue, reaching $1.5 billion, representing a 25% year-over-year growth[24]. - User data showed a 30% increase in active users, totaling 10 million users by the end of the quarter[24]. - The company provided an optimistic outlook, projecting a revenue growth of 20% for the next quarter, aiming for $1.8 billion[24]. Research and Development - The company is investing in AI technology, with a budget allocation of $10 million for research and development in the upcoming year[22]. - Research and development expenses increased by 10%, totaling $300 million, focusing on innovative technologies[25]. - Research and development expenses accounted for 119.26% of operating revenue in 2024, an increase of 27.29 percentage points from 91.97% in 2023[36]. - The total R&D investment amounted to ¥474,276,336.64, a decrease of 17.90% compared to the previous year, with R&D expenses accounting for 119.26% of operating revenue, an increase of 27.29 percentage points[181]. - The company is involved in 18 major scientific research projects, with 8 projects in the "under research" stage and 7 projects in the "application for conclusion" stage as of the end of the reporting period[179]. Market Expansion and Strategy - Market expansion plans include entering three new international markets by the end of the fiscal year, targeting a 10% market share in each[23]. - The company is considering strategic acquisitions to enhance its technology portfolio, with a potential budget of $100 million for acquisitions[22]. - The company is focusing on enhancing its algorithmic platforms and expanding its user base through innovative product offerings[34]. - The company is exploring partnerships with independent software vendors to enhance its product offerings and market reach[25]. Technology and Innovation - The company is focusing on AI innovation and digital transformation, supported by national policies aimed at enhancing the AI industry[50]. - The company has successfully implemented demonstration projects in anti-money laundering and financial internal control, showcasing its capabilities in the financial and governmental sectors[51]. - The company emphasizes ethical standards in AI development, ensuring the safety and reliability of its technologies[52]. - The company is actively participating in the formulation of industry standards for sustainable AI development, promoting a harmonious coexistence of humans and machines[52]. - The company has developed a human-machine collaboration operating system and AIoT devices, focusing on AI solutions for specific industry problems[82]. - The company’s AI model received recognition as one of the top three globally in the Open Compass multi-modal evaluation, further establishing its industry leadership[76]. - The company has established a cross-regional computing network in the Yangtze River Delta, enhancing resource allocation flexibility and reducing computing costs for enterprises[159]. Awards and Recognition - The company has been recognized as one of the "Top 20 AI Leading Enterprises of 2024" and "Top 50 AI Companies in China" for its advancements in AI technology[156]. - The company received multiple awards, including the "2024 Shanghai Science and Technology Award" and recognition as one of the "Top 30 High-tech Enterprises in Nansha District" as of the end of the reporting period[176]. Patents and Intellectual Property - The company holds a total of 393 patents, including 242 invention patents, 42 utility model patents, and 109 design patents, with 72 new patents granted during the reporting period[177]. - The company has filed multiple patents related to its core technologies, indicating a robust pipeline for future product development and innovation[160]. - The company holds multiple patents related to its advanced technologies, including over 10 patents for the multimodal models and their applications[162]. Future Outlook - The company plans to continue investing in new technologies and market expansion strategies to improve future performance[34]. - The company is committed to continuous service improvement and algorithm upgrades, ensuring that its solutions remain effective and relevant in a rapidly changing market[126]. - The company aims to enhance model training and service efficiency through an automated production system, which is expected to significantly reduce project delivery costs[197].

根据《上市公司证券发行注册管理办法》《上海证券交易所上市公司证券发 行上市审核规则》《上海证券交易所上市公司证券发行与承销业务实施细则》等 相关规定，董事会提请股东大会授权董事会以简易程序向特定对象发行融资总额 不超过人民币 3 亿元且不超过最近一年末净资产 20%的股票，授权期限为 2024 年度股东大会通过之日起至 2025 年度股东大会召开之日止，上述事项尚需提交 公司 2024 年度股东大会审议。 证券代码：688327 证券简称：云从科技 公告编号：2025-027 云从科技集团股份有限公司 关于提请股东大会授权董事会办理以简易程序向特定对象 发行股票相关事宜的公告 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。 云从科技集团股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开 第二届董事会第二十七次会议审议通过了《关于提请股东大会授权董事会办理以 简易程序向特定对象发行股票的议案》。 本次授权事宜包括以下内容： 一、本次授权具体内容 （一）确认公司是否符合以简易程序向特定对象发行股票条件 授权 ...

二、2024 年度营业收入扣除情况表…………………………………第 3—5 页 | | 三、附件………………………………………………………………第 | 6-9 | 页 | | --- | --- | --- | --- | | (一) | 本所营业执照复印件………………………………………第 | 6 | 页 | | (二) | 本所执业证书复印件………………………………………第 | 7 | 页 | | (三) | 签字注册会计师执业证书复印件………………………第 | 8-9 | 页 | 关于营业收入扣除情况的专项核查意见 天健审〔2025〕6-422 号 目 录 一、关于营业收入扣除情况的专项核查意见………………………第 1—2 页 云从科技集团股份有限公司全体股东： 我们接受委托，审计了云从科技集团股份有限公司（以下简称云从科技公司） 2024 年度财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司所有者权 益变动表，以及财务报表附注，并出具了审计报告。在此基础上，我们核查了后 附的云从科技公司管理层编制的《2024 ...

目 录 | 一、审计报告……………………………………………………… 第 | 1—6 | | | 页 | | --- | --- | --- | --- | --- | | 二、财务报表……………………………………………………… 第 | 7—14 | | 页 | | | （一）合并资产负债表…………………………………………… | 第 | 7 | 页 | | | （二）母公司资产负债表………………………………………… | 第 | 8 | 页 | | | （三）合并利润表………………………………………………… | 第 | 9 | 页 | | | （四）母公司利润表………………………………………………第 | 10 | | 页 | | | （五）合并现金流量表……………………………………………第 | 11 | | 页 | | | （六）母公司现金流量表…………………………………………第 | 12 | | 页 | | | （七）合并所有者权益变动表……………………………………第 | 13 | | 页 | | | （八）母公司所有者权益变动表…………………………………第 | 14 | | 页 | | | 三、财务报表附注… ...

目 录 一、非经营性资金占用及其他关联资金往来情况的专项 | | | 二、非经营性资金占用及其他关联资金往来情况汇总表………………第 3 页 三、附件……………………………………………………………… 第 4-7 页 (一) 本所营业执照复印件…………………………………………第 4 页 (二) 本所执业证书复印件…………………………………………第 5 页 (三) 签字注册会计师执业证书复印件…………………………第 6-7 页 非经营性资金占用及其他关联资金往来情况的 专项审计说明 天健审〔2025〕6-421 号 云从科技集团股份有限公司全体股东： 我们接受委托，审计了云从科技集团股份有限公司（以下简称云从科技公司） 2024 年度财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司所有者权 益变动表，以及财务报表附注，并出具了审计报告。在此基础上，我们审计了后 附的云从科技公司管理层编制的 2024 年度《非经营性资金占用及其他关联资金 往来情况汇总表》（以下简称汇总表）。 一、对报告使用者和使用目的的限定 本报告仅 ...

目 录 | | | | | 二、附件……………………………………………………………第 | 3-6 页 | | --- | --- | --- | | (一) | 本所营业执照复印件……………………………………第 | 3页 | | (二) | 本所执业证书复印件……………………………………第 | 4页 | | (三) | 签字注册会计师执业证书复印件……………………第 | 5-6页 | 内部控制审计报告 天健审〔2025〕6-419 号 云从科技集团股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我 们审计了云从科技集团股份有限公司（以下简称云从科技公司）2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 我们认为，云从科技公司于 2024 年 12 月 31 日按照《企业内部控制基本规 范》和相关规定在所有重大方面保持了有效的财务报告内部控制。 天健会计师事务所（特殊普通合伙） 中国注册会计师： 中国·杭州 中国注册会计师： 按照《企业内部控制基本规范》《企业内部控制应用指引》以及《企业内部 控制评价指引》的规定，建立健全和有效实施内 ...

三、附件…………………………………………………………… 第 10-13 页 (一) 本所营业执照复印件……………………………………… 第 10 页 (二) 本所执业证书复印件……………………………………… 第 11 页 (三) 签字注册会计师执业证书复印件………………………第 12-13 页 一、募集资金年度存放与使用情况鉴证报告………………………第 1—2 页 二、关于募集资金年度存放与使用情况的专项报告………………第 3—9 页 目 录 募集资金年度存放与使用情况鉴证报告 天健审〔2025〕6-420 号 云从科技集团股份有限公司全体股东： 我们鉴证了后附的云从科技集团股份有限公司（以下简称云从科技公司）管 理层编制的 2024 年度《关于募集资金年度存放与使用情况的专项报告》。 一、对报告使用者和使用目的的限定 本鉴证报告仅供云从科技公司年度报告披露时使用，不得用作任何其他目的。 我们同意将本鉴证报告作为云从科技公司年度报告的必备文件，随同其他文件一 起报送并对外披露。 二、管理层的责任 云从科技公司管理层的责任是提供真实、合法、完整的相关资料，按照《上 市公司监管指引第 2 号——上市公司募集资金管理 ...

云从科技公告，2025年第一季度营收为3723.32万元，同比下降31.56%；净亏损1.24亿元，去年同期净 亏损1.61亿元。 ...

2025 年 04 月 28 日 广州并购新政出台，聚焦"12218"产业并购新机遇 中小盘研究团队 ——中小盘策略专题 | 周佳（分析师） | 张越（分析师） | 赵晨旭（联系人） | | --- | --- | --- | | zhoujia@kysec.cn | zhangyue1@kysec.cn | zhaochenxu@kysec.cn | | 证书编号：S0790523070004 | 证书编号：S0790524090003 | 证书编号：S0790124120019 | 本期并购市场观察：广州"并购重组十条"发布，以并促引赋能产业发展 本期披露动态：本期（指 3 月 31 日-4 月 11 日，下同）天汽模、英力股份、呈和 科技、琏升科技、致尚科技、安源煤业、成都先导、欧菲光等 8 家公司首披重大 重组事件，与上期持平；8 家公司涉及实控人变更，亦与上期持平。 本期审核动态：烽火电子定增收购长岭科技事项、赛力斯购买深圳引望、龙盛新 能源股权事项宣布已完成，华阳智能收购全安密灵部分股权事项宣布终止。 本期市场表现：本期重组指数下跌 5.68%，不及上证指数(-3.37%)、沪深 300(-4.2 ...