Group 1 - The company expects a net loss for the reporting period, with a projected loss of 98 million to 85 million yuan, compared to a loss of 37.89 million yuan in the same period last year [1] - The net profit attributable to shareholders, after deducting non-recurring gains and losses, is expected to be a loss of 123 million to 110 million yuan, compared to a loss of 89.45 million yuan in the previous year [1] - The basic earnings per share are projected to be a loss of 0.0861 to 0.0747 yuan per share, compared to a loss of 0.0333 yuan per share in the same period last year [1] Group 2 - The company has seen a decline in revenue and gross margin from its high-tech industry service business compared to the same period last year [1] - The company is actively adjusting its business strategy by expanding overseas, with new contract amounts in overseas business reaching 3.3 billion yuan in the first half of 2025, a significant increase from the previous year [1] - The company is also focusing on improving its product and service structure to increase the proportion of high-value projects [1] Group 3 - The digital and information service business has focused on core functional needs of major customer groups, optimizing R&D investment in cloud computing, artificial intelligence, and data innovation [2] - The company has increased its market development efforts in key industries, participating in the construction and operation of high-quality data sets, which has enhanced its core competitiveness in the digital and information service sector [2] - The operating loss in this segment has been reduced compared to the previous year, with new contract amounts, especially for self-developed products, showing growth [2]

深桑达A：预计2025年上半年净利润为亏损8500万元-9800万元，上年同期为亏损3789.14万元。 ...

[Shenzhen Sed Industry Co., Ltd. 2025 Interim Results Forecast](index=1&type=section&id=%E6%B7%B1%E5%9C%B3%E5%B8%82%E6%A1%91%E8%BE%BE%E5%AE%9E%E4%B8%9A%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8%202025%20%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A) [Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company anticipates a significant increase in net loss for the first half of 2025 compared to the prior year Performance Forecast Details | Item | Current Period (Jan 1 - Jun 30, 2025) | Prior Year Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Loss: RMB 85 million – 98 million | Loss: RMB 37.89 million | | **Net Profit after Non-recurring Items** | Loss: RMB 110 million – 123 million | Loss: RMB 89.45 million | | **Basic Earnings Per Share** | Loss: RMB 0.0747/share – 0.0861/share | Loss: RMB 0.0333/share | [Forecast Period](index=1&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%9C%9F%E9%97%B4) The financial data in this performance forecast covers the first half of 2025 - The performance forecast covers the first half of 2025, from January 1 to June 30, 2025[2](index=2&type=chunk) [Forecast Details](index=1&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company projects a wider net loss year-over-year, with attributable net loss expanding significantly - Net profit attributable to shareholders for H1 2025 is projected to be a **loss between RMB 85 million and RMB 98 million**[3](index=3&type=chunk) - Compared to the prior year, both the net loss attributable to shareholders (RMB 37.89 million) and net loss after non-recurring items (RMB 89.45 million) have **widened significantly**[3](index=3&type=chunk) [Communication with the Accounting Firm](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) The financial data presented in this forecast is preliminary and has not been audited by a certified public accountant - The financial data in this performance forecast has **not been audited** by a certified public accountant[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) The increased loss is mainly due to lower revenue and margins in the high-tech services business [High-tech Industry Services Business Analysis](index=1&type=section&id=%E9%AB%98%E7%A7%91%E6%8A%80%E4%BA%A7%E4%B8%9A%E6%9C%8D%E5%8A%A1%E4%B8%9A%E5%8A%A1) This segment's declining revenue and gross margin are the primary drivers of the company's wider losses - During the reporting period, both **operating revenue and gross profit margin** for the high-tech industry services business declined year-over-year[5](index=5&type=chunk) - The company is actively expanding overseas, with **new overseas contract value reaching RMB 3.3 billion** in H1 2025, a substantial year-over-year increase[5](index=5&type=chunk)[6](index=6&type=chunk) - Other countermeasures include optimizing the product and service mix to increase the share of high-value projects and strengthening operational management[6](index=6&type=chunk) [Digital and Information Services Business Analysis](index=2&type=section&id=%E6%95%B0%E5%AD%97%E4%B8%8E%E4%BF%A1%E6%81%AF%E6%9C%8D%E5%8A%A1%E4%B8%9A%E5%8A%A1) This segment showed positive momentum with a narrowing operating loss due to strategic focus and R&D optimization - The business focused on cloud computing, AI, and data innovation while expanding into key industry markets and participating in high-quality dataset construction[6](index=6&type=chunk) - **New contract value and new contracts for self-developed products both grew**, leading to a reduced operating loss compared to the prior year and enhanced core competitiveness[6](index=6&type=chunk) [Other Relevant Disclosures](index=2&type=section&id=%E5%9B%9B%E3%80%81%E5%85%B6%E4%BB%96%E7%9B%B8%E5%85%B3%E8%AF%B4%E6%98%8E) The company advises that these figures are preliminary and that final data will be in the official interim report - This performance forecast is based on preliminary calculations by the finance department; final data will be disclosed in the 2025 interim report[7](index=7&type=chunk) - The company specifically reminds investors to be aware of investment risks[7](index=7&type=chunk)

Summary of Key Points Core Viewpoint - The company, 深桑达Ａ, has experienced a significant increase in stock price and is currently facing a substantial number of legal disputes that could impact its financial performance. Group 1: Stock Performance - As of July 11, 2025, 深桑达Ａ closed at 21.19 yuan, up 5.0% from the previous week’s 20.18 yuan [1] - The stock reached a high of 21.69 yuan and a low of 19.71 yuan during the week [1] - The current total market capitalization of 深桑达Ａ is 24.113 billion yuan, ranking 3rd in the professional engineering sector and 676th among all A-shares [1] Group 2: Legal Issues - The company has been involved in a total of 131 litigation and arbitration cases since May 22, 2025, with a total amount in dispute of 666,839,058.46 yuan, exceeding 10% of the company's latest audited net assets [1] - Out of these cases, 20 were initiated by the company as the plaintiff, involving 383,356,659.15 yuan, while 108 cases were against the company as the defendant, totaling 282,282,399.31 yuan [1] - The company is actively managing these legal challenges with its legal team and is fulfilling its disclosure obligations as required by regulators [2]

证券代码：000032 证券简称：深桑达 A 公告编号：2025-037 深圳市桑达实业股份有限公司 关于累计诉讼的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、诉讼仲裁事项 （一）尚未披露的诉讼仲裁事项 自 2025 年 5 月 22 日（即上一期诉讼公告披露日）至今，深圳市桑达实业股 份有限公司（以下简称"公司"）及控股子公司发生诉讼仲裁案件共计 131 件， 涉案金额总计为人民币 666,839,058.46 元，已超过公司最近一期经审计净资产 （2024 年年报数据）的 10%。其中公司及控股子公司作为原告的案件共计 20 件， 涉案金额为人民币 383,356,659.15 元；作为被告的案件共计 108 件，涉案金额 为人民币 282,282,399.31 元；作为第三人的案件共计 3 件，涉案金额为人民币 1,200,000 元。 | | 中恒丰建筑集 | 中电系统建 | | 民事 | | （2025） | | 包头 市青 | | | --- | --- | --- | --- | --- | --- | --- | --- | -- ...

Group 1 - The core viewpoint of the news is that Shenzhen Sanda Industrial Co., Ltd. (深桑达A) has experienced a significant decline in its financial performance for the first quarter of 2025, with total revenue decreasing by 18.41% year-on-year and net profit dropping by 299.68% [1] - As of July 10, 2025, the stock price of 深桑达A closed at 20.31 yuan, reflecting a 0.69% increase, with a trading volume of 210,800 hands and a transaction amount of 429 million yuan [1] - The company reported a current ratio of 1.246, a quick ratio of 1.221, and a debt-to-asset ratio of 81.77%, indicating a high level of leverage [1] Group 2 - Shenzhen Sanda Industrial Co., Ltd. has made investments in 30 enterprises and participated in 56 bidding projects, showcasing its active engagement in the market [2] - The company holds 13 trademark registrations and 105 patents, along with 25 administrative licenses, indicating a strong intellectual property portfolio [2]

Group 1: Digital Rights Confirmation Sector Performance - The digital rights confirmation sector showed active performance on July 4, with stocks like Tianyi Ma (301178) and Nanwei Software (603636) rising over 5% [1] - The demand for data trading is increasing as the digital economy grows, making data rights confirmation essential for establishing trust in data transactions [1] Group 2: Importance of Data Rights Confirmation - Data rights confirmation clarifies the ownership and usage rules of data, preventing fraud in stablecoin transactions and protecting investors' rights [2] - The process enhances transparency in the issuance, circulation, and trading of stablecoins, allowing investors to make informed decisions [2] Group 3: Industry Outlook and Company Insights - According to Chuan Cai Securities, the rapid development of digital technology has significantly improved production and service efficiency for data-intensive enterprises, leading to higher valuations [2] - Data rights confirmation is fundamental to data assetization, and despite being in an exploratory phase, the industry has broad development prospects as property rights protection improves [2] Group 4: Key Companies in Data Rights Confirmation - Zhongke Jincai (002657) is integrating privacy computing with alliance chain technology to create a comprehensive solution for data rights confirmation, storage, interaction, and circulation [2] - Desheng Technology (002908) has developed a self-researched product "Desheng Zhengshu Tong," establishing standard technical specifications in the field of government big data [2] - Tianyi Ma has developed a data middle platform based on big data technology, enabling applications like data lakes and data warehouses [3] - Nanwei Software is a leader in blockchain "digital government," with its blockchain electronic certificate included in the National Cyberspace Administration's product directory [3] - Digital Certification (300579) combines cryptography with identity to provide data encryption, secure storage, and transmission, creating a comprehensive data security protection system [3] - Kelong Software (300663) has a subsidiary, Dalu Cloud Shield, focusing on judicial preservation and evidence confirmation within the realm of digital rights confirmation [3] - Deep Sanda A has established a joint research institute with Tsinghua University to address challenges in data rights confirmation, pricing, measurement, and security [3] - Annie Co., Ltd. (002235) developed a copyright information search engine, "Copyright Encyclopedia," to meet client needs for one-stop copyright information searches [3]

Core Viewpoint - The artificial intelligence (AI) sector is showing strong performance, with the China Securities Artificial Intelligence Industry Index (931071) and related ETFs reflecting positive trends in the market [1][4]. Group 1: Market Performance - As of July 3, 2025, the China Securities Artificial Intelligence Industry Index (931071) increased by 0.70%, with notable gains from stocks such as Xinyisheng (300502) up 2.95% and Shitou Technology (688169) up 2.52% [1]. - The AI ETF (515980) also saw an increase of 0.59%, indicating a positive sentiment in the AI investment space [1]. Group 2: Liquidity and Scale - The AI ETF recorded a turnover of 1.24% during the trading session, with a transaction volume of 43.44 million yuan, and an average daily transaction volume of 172 million yuan over the past week [3]. - The latest scale of the AI ETF reached 3.491 billion yuan, with leveraged funds continuing to invest, as evidenced by a net financing purchase of 16.65 million yuan on the previous trading day [3]. Group 3: Index Composition and Weighting - The China Securities Artificial Intelligence Industry Index is constructed from 50 representative listed companies based on their AI business proportion, growth level, and market capitalization, with the top ten weighted stocks accounting for 52.07% of the index [3]. - The top ten stocks in the index include companies like Zhongke Shuguang (603019) and Keda Xunfei (002230), with varying weightings that reflect their market significance [6]. Group 4: Investment Outlook - Fund manager Gao Zhe suggests that the current A-share market is in a volatile phase, but the AI sector remains a key area of growth, especially as the second quarter earnings reports approach [4]. - The AI industry is viewed as a high-certainty growth area, making it a focal point for investors seeking opportunities amidst market fluctuations [4].

Group 1 - The independent director Zhou Langbo has submitted his resignation due to personal reasons, and his resignation will take effect after a new independent director is elected [2][3] - Zhou Langbo's departure will not affect the minimum number of directors required by law and will not have a significant impact on the company's daily operations [2] - The company expresses gratitude for Zhou Langbo's contributions during his tenure [3] Group 2 - Shenzhen Sanda Industrial Co., Ltd. has approved the sale of 80% equity in China Electric (Zibo) Energy Technology Development Co., Ltd. to focus on its core business and improve operational quality [5][6] - The transaction price for the 80% equity transfer is set at 130.1283 million yuan, with the buyer being Zibo Yuesheng Energy Co., Ltd. [6][10] - The transaction does not constitute a related party transaction or a major asset restructuring as defined by regulations [7] Group 3 - The buyer, Zibo Yuesheng Energy Co., Ltd., is a state-owned limited liability company with a registered capital of 60 million yuan and has no outstanding debts or legal issues [8] - The estimated disposal gain from this equity transaction is expected to be no more than 50 million yuan, which will positively impact the company's net profit attributable to shareholders for the year 2025 [15]

Transaction Overview - Shenzhen Sanda Industrial Co., Ltd. has approved the sale of 80% equity in China Electric (Zibo) Energy Technology Development Co., Ltd. to focus on its core business and improve operational quality [1][2] - The transaction price is set at 130.1283 million RMB, with the buyer being Zibo Yuesheng Energy Co., Ltd. [1][4] Transaction Progress - The initial public offering did not attract any interested buyers, leading to a second round of bidding at no less than 90% of the assessed value [1][2] - The buyer's net assets are reported at 136.6903 million RMB, with no revenue or net profit [2] Key Terms of the Agreement - The seller, China Electronic System Technology Co., Ltd., has fully paid the capital contribution for the equity being transferred [3] - The agreement stipulates that the seller will ensure the normal operation of the target company until the equity transfer is completed [5] Financial Impact on the Company - The estimated disposal gain from this equity transaction is expected to be no more than 50 million RMB, positively impacting the company's net profit for the fiscal year 2025 [7]