公司快报 2025 年 09 月 03 日 索辰科技(688507.SH) "天工-开物"双擎驱动，物理 AI 打开第二增长曲线 事件概述 近日，公司披露 2025 年中报。2025H1，公司实现总营收 5735.09 万 元，同比增长 10.82%；归母净利润-4569.83 万元，同比增长 31.21 （上年同期为-6643.08 万元）；其中 25Q2，公司实现总营收 1856.36 万元，同比减少 6.65%；归母净利润-3006.75 万元，同比增长 33.42% （上年同期为-4516.28 万元）。 技术储备扎实，成功从传统 CAE 向物理 AI 延伸 公司对收入口径进行了调整，产品大类分为天工及开物两大系列：天 工系列聚焦盖流体、结构、电磁、声学、光学等多学科的工程仿真软 件和仿真产品开发，开物系列涵盖了物理 AI 开发及应用平台的全场 景解决方案。2025H1 公司天工系列共实现 4947.51 万元，其中工程 仿真软件方面公司依托多年 CAE 技术积累，持续攻克关键技术难点： 通过软件功能进行技术迭代，提升了算法求解能力，并基于自主内核 升级求解器，丰富了物理模型算法库。2025H1 工程 ...

? 会议召开时间：2025 年 9 月 9 日(星期二)下午 15:00-17:00 证券代码：688507 证券简称：索辰科技 公告编号：2025-050 上海索辰信息科技股份有限公司 关于参加2025年半年度科创板人工智能行业 集体业绩说明会的公告 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。 重要内容提示： ? 会议召开地点：上海证券交易所上证路演中心（网址：https://roads how.sseinfo.com/） ? 会议召开方式：上证路演中心网络互动 ? 投资者可于 2025 年 9 月 2 日(星期二)至 9 月 8 日(星期一)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱（info@demx s.com）进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 上海索辰信息科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营 成果 ...

上海索辰信息科技股份有限公司 2025年第二次临时股东会 上海索辰信息科技股份有限公司 （证券代码：688507 证券简称：索辰科技） 上海索辰信息科技股份有限公司 2025年第二次临时股东会 目 录 二、出席会议的股东及股东代理人须在会议召开前 30 分钟到达会议现场 办理签到手续，并请按规定出示身份证明文件或法人单位证明、授权委托书 等，经验证后领取会议资料，方可出席会议。会议开始后，由会议主持人宣 布现场出席会议的股东人数及其所持有表决权的股份总数，在此之后进场的 股东无权参与现场投票表决。 三、会议按照会议通知上所列顺序审议、表决议案。 四、股东及股东代理人参加股东会依法享有发言权、质询权、表决权等 权利。股东及股东代理人参加股东会，应认真行使、履行其法定权利和义务， 不得侵犯公司和其他股东的合法权益，不得扰乱股东会的正常秩序。 五、要求现场发言的股东及股东代理人，应提前到发言登记处进行登记 （发言登记处设于股东会签到处）。大会主持人根据发言登记处提供的名单 和顺序安排发言。 上海索辰信息科技股份有限公司 2025年第二次临时股东会 股东及股东代理人要求现场提问的，应当按照会议议程举手示意，经会 议主 ...

上海索辰信息科技股份有限公司 2025年第二次临时股东会 上海索辰信息科技股份有限公司 2025年第二次临时股东会会议资料 （证券代码：688507 证券简称：索辰科技） 2025 年 9 月 1 上海索辰信息科技股份有限公司 2025年第二次临时股东会 三、会议按照会议通知上所列顺序审议、表决议案。 四、股东及股东代理人参加股东会依法享有发言权、质询权、表决权等 权利。股东及股东代理人参加股东会，应认真行使、履行其法定权利和义务， 不得侵犯公司和其他股东的合法权益，不得扰乱股东会的正常秩序。 五、要求现场发言的股东及股东代理人，应提前到发言登记处进行登记 （发言登记处设于股东会签到处）。大会主持人根据发言登记处提供的名单 和顺序安排发言。 目 录 | 上海索辰信息科技股份有限公司2025年第二次临时股东会会议须知 | 3 | | --- | --- | | 上海索辰信息科技股份有限公司2025年第二次临时股东会会议议程 | 6 | | 上海索辰信息科技股份有限公司2025年第二次临时股东会会议议案 | 9 | | 议案一：关于公司2025年半年度利润分配方案的议案 | 9 | | 议案二：关于修订、制定公司 ...

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： 会议召开时间：2025 年 9 月 9 日(星期二)下午 15:00-17:00 会议召开地点：上海证券交易所上证路演中心（网址：https://roads how.sseinfo.com/） 会议召开方式：上证路演中心网络互动 证券代码：688507 证券简称：索辰科技 公告编号：2025-050 上海索辰信息科技股份有限公司 关于参加2025年半年度科创板人工智能行业 集体业绩说明会的公告 投资者可于 2025 年 9 月 2 日(星期二)至 9 月 8 日(星期一)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱（info@demx s.com）进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 上海索辰信息科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 日发布公司 2025 年半年度报告。为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 9 月 ...

Investment Rating - The investment rating for the company is "Buy" [3] Core Viewpoints - The report highlights that the company is leading the development of physical AI with five core technologies that enhance product innovation and operational efficiency [5][8] - The company aims to leverage physical AI in various sectors, including robotics, low-altitude flying vehicles, and renewable energy, showcasing significant advancements and applications [5][8] Summary by Relevant Sections Company Overview - The company,索辰科技 (688507), is positioned in the rapidly evolving field of physical AI, focusing on enhancing robotics and low-altitude scenarios [5][8] Financial Projections - Projected total revenue for 2025, 2026, and 2027 is estimated at 5.15 billion, 6.93 billion, and 9.11 billion yuan respectively, with year-on-year growth rates of 36.1%, 34.4%, and 31.4% [7][8] - Expected net profit attributable to the parent company for the same years is projected at 1.08 billion, 1.38 billion, and 1.64 billion yuan, with corresponding P/E ratios of 84.1, 65.7, and 54.8 [7][8] Technological Advancements - The company has developed a virtual training platform that integrates physical AI, significantly reducing training costs and improving efficiency in robotic training [5][12] - In the low-altitude flying vehicle sector, the company has created a three-dimensional physical map that can generate real-time data on wind and electromagnetic fields, enhancing flight safety [5][19][20] - The physical AI wind power platform showcased at the World Artificial Intelligence Conference demonstrates the company's capabilities in optimizing wind energy systems through advanced algorithms [5][26][27] Stock Performance - The company's stock closed at 102.1 yuan, with a market capitalization of approximately 90.98 billion yuan and a 52-week price range of 38.21 to 124 yuan [5]

Investment Rating - The report maintains a rating of "Accumulate" for the company [4] Core Viewpoints - The company's revenue growth is primarily driven by the engineering simulation software, with the TianGong series experiencing a year-on-year revenue increase of 88.84%, contributing to improved gross margins [2] - The company is actively exploring and expanding downstream application scenarios, accelerating the development of the physical AI industry, which has started to generate revenue [2] - Ongoing mergers and acquisitions, including the planned acquisition of Likong Technology, and strategic partnerships with iFlytek and the China Academy of Information and Communications Technology, are expected to enhance the company's technical service capabilities and market presence [3] Financial Summary - For the fiscal year 2023, the company reported a revenue of 320 million yuan, with a year-on-year growth rate of 19.5%. The projected revenues for 2025, 2026, and 2027 are 535 million yuan, 758 million yuan, and 1,078 million yuan, respectively, with growth rates of 41.1%, 41.7%, and 42.2% [9] - The net profit attributable to the parent company for 2023 was 57 million yuan, with a projected increase to 96 million yuan in 2025, 124 million yuan in 2026, and 147 million yuan in 2027, reflecting growth rates of 130.6%, 30.2%, and 17.9% respectively [9] - The report forecasts an EPS of 1.07 yuan for 2025, 1.40 yuan for 2026, and 1.65 yuan for 2027, with corresponding P/E ratios of 95.2X, 73.1X, and 62.0X [8]

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Insights - The company has shown a significant acceleration in the commercialization of its physical AI products, with expected revenue from these products reaching 30 million in 2025 and 50 million in 2026 [7] - The company reported a total revenue of 57.35 million in H1 2025, reflecting a year-on-year growth of 10.8%, and a narrowed net loss of 45.7 million compared to a loss of 66.43 million in the same period last year [7] - The company is focusing on two main product lines: "Tiangong" for traditional CAE software and "Kaimu" for physical AI-related products, with the latter generating 3.75 million in revenue in H1 2025 [7] Financial Data and Profit Forecast - Total revenue projections are as follows: 604 million for 2025, 850 million for 2026, and 1,105 million for 2027, with corresponding year-on-year growth rates of 59.5%, 40.7%, and 30.0% respectively [6] - The forecasted net profit for 2025 is 81 million, with a significant increase of 96.2% compared to the previous year, followed by 120 million in 2026 and 160 million in 2027 [6] - The company’s gross margin is expected to remain strong, with estimates of 72.4% in 2025, 73.9% in 2026, and 74.2% in 2027 [6] Market Position and Competitive Advantage - The company is leveraging its advanced physical AI capabilities to expand into various simulation scenarios, including lightning warning systems and wind power design efficiency optimization [7] - The development of a low-altitude three-dimensional map for real-time navigation and simulation training is expected to enhance the company's market position, with a contract already signed with Hangzhou Industrial Investment Group [7] - The company emphasizes its advantage in physical solving capabilities, positioning itself well in the emerging trend of physical AI commercialization [7]

Group 1 - The core viewpoint of the news is that Suochen Technology (688507.SH) is currently experiencing a decline in stock price, with a closing price of 102.10 yuan and a drop of 4.27%, resulting in a total market value of 9.098 billion yuan, indicating that the stock is in a state of breaking its initial offering price [1] - Suochen Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 18, 2023, with an issuance of 10.3334 million shares at a price of 245.56 yuan per share, underwritten by Haitong Securities Co., Ltd. [1] - The total funds raised from the initial public offering amounted to 253.74697 million yuan, with a net amount of 231.57491 million yuan, exceeding the original plan by 134.68455 million yuan [1] Group 2 - The total issuance costs for Suochen Technology's IPO were 22.17206 million yuan (excluding tax), with underwriting fees accounting for 19.23102 million yuan [2] - The company announced a cash dividend of 0.15 yuan per share (including tax) and a capital reserve transfer of 0.48 shares for every share held, resulting in a total distribution of 6.20001 million yuan in cash dividends and a transfer of 19.840032 million shares, increasing the total share capital to 61.173432 million shares [2] - For the 2023 annual profit distribution, the company plans to distribute a cash dividend of 3.80 yuan for every 10 shares (including tax) and a capital reserve transfer of 4.60 shares for every 10 shares, with the record date set for June 18, 2024 [2]

Core Insights - The company, Suochen Technology, is the first CAE software company listed on the A-share market, reporting a revenue of 57.35 million yuan for the first half of 2025, representing a year-on-year growth of 10.82% [1] - The net profit attributable to shareholders was a loss of 45.70 million yuan, with a non-recurring net profit loss of 48.01 million yuan, showing a significant narrowing of losses compared to the previous year [1] - The improvement in financial performance is attributed to the increased revenue share from engineering simulation software, which has led to an overall rise in gross margin [1] Revenue and Profitability - The company achieved a revenue of 57.35 million yuan, marking a 10.82% increase compared to the same period last year [1] - The net loss attributable to shareholders was 45.70 million yuan, with a non-recurring net profit loss of 48.01 million yuan, both showing significant improvement from the previous year's losses [1] Research and Development - Suochen Technology places a strong emphasis on research and development, with R&D expenditures reaching 50.62 million yuan, accounting for 88.27% of its revenue during the reporting period [1] - Over the past five years, the company's R&D expenditure has consistently maintained around 30% of its revenue, indicating a high level of R&D intensity within the industry [1] Product Development - The company has two core product lines, "Tiangong" and "Kaiwu," both making significant advancements [2] - The Tiangong product line focuses on upgrading engineering simulation software, completing updates for multiple core software versions [2] - The Kaiwu product line, which is central to the company's foray into the physical AI field, launched a physical AI simulation engine and an integrated platform for physical AI training, significantly reducing user design iteration costs [2] Strategic Expansion - Suochen Technology is actively expanding its business through mergers and acquisitions, with plans to acquire Likong Technology to enhance its industrial software supply chain and service capabilities in industrial internet and smart manufacturing [3] - The company has signed strategic cooperation agreements with several organizations, including iFlytek and the China Academy of Information and Communications Technology, to explore AI and physical computing integration and to develop a physical AI technology research and standardization system [3]