格隆汇1月29日｜科大讯飞(002230.SZ)盘中拉升封涨停板，报价63.05元。消息面上，公司昨晚发布公告，预计2025年归属于上市公司股东的净利润为7.85 亿元-9.50亿元，比上年同期增长40%-70%。 业绩增长的背后，是科大讯飞大模型商业化的全面兑现。2025年，讯飞星火大模型相关项目中标金额达23.16亿元，在政务、教育、工业等领域的落地速 度和市场占有率持续领先。在To C端，星火大模型的赋能让AI学习机、智能办公本等消费产品持续热销，成为营业收入的重要抓手。在To B/G端，星火 大模型与各行业的深度融合，让公司在智慧城市、智慧医疗、智能制造等领域的订单量大幅提升，行业赋能的商业价值持续释放。 ...

Summary of Company and Industry Insights from Conference Call Company: 科大讯飞 (iFLYTEK) Key Financial Projections - The company forecasts a net profit attributable to shareholders for 2025 between 785 million to 950 million CNY, representing a year-on-year growth of 40% to 70% [1] - The non-recurring net profit is expected to be between 245 million to 301 million CNY, with a year-on-year increase of 30% to 60% [1][2] Research and Development Investment - iFLYTEK plans to increase its R&D investment by over 20% year-on-year in 2025, emphasizing its commitment to self-controllable elements such as algorithms, computing power, and data [2] - The company’s "Xunfei Spark" large model technology continues to benchmark against the global top tier, leading in sectors like education, healthcare, security, and energy [2] Government Subsidies and Non-Recurring Gains - The company anticipates an increase of approximately 300 million CNY in government subsidies due to undertaking significant projects, which will be classified as non-recurring gains [2] Brand and Channel Development - iFLYTEK has made significant progress in brand promotion and channel development for its consumer AI products, including the iFLYTEK AI Learning Machine, with sales expenses increasing by over 25% year-on-year [2] - The iFLYTEK AI Learning Machine has achieved the highest sales in its category during major e-commerce events like JD and Tmall's 618 and Double 11 for three consecutive years, maintaining the highest Net Promoter Score (NPS) in the industry [2] Project Wins and Market Position - In 2025, iFLYTEK secured the highest number and amount of bids for large model-related projects in the industry, with a total bid amount of 2.316 billion CNY, surpassing the combined total of the second to sixth competitors [3] - The iFLYTEK ecosystem continues to expand, with over 10 million developers on its open platform, including 564,000 overseas developers. In 2025, the number of new developers is expected to exceed 2.24 million, with 1.27 million being new large model developers [3] Cash Flow and Sales Performance - The total sales collection exceeded 27 billion CNY, marking an increase of over 4 billion CNY compared to the same period last year, with net cash flow from operating activities exceeding 3 billion CNY, both reaching historical highs [3] Risk Factors - Potential risks include slower-than-expected technological innovation, intensified industry competition, and changes in industry policies [3]

2026.01. 29 | | 16.26 +1.48 +10.01% | | | | 科达制造 1 立即 600499 交易 | | | --- | --- | --- | --- | --- | --- | --- | | | SSE CNY 9:25:04 交易中 查看L2全景 | | | | | 通 ■ ノ ○ + | | 委北 | 100.00% 委差 | 154053 | Wind ESG评级BB | | | 详情 | | 卖五 | | | रेस | 17.23% 120日 | | 48.09% | | 卖加 | | | 5日 | 10.01% 250日 | | 104.08% | | 英三 | | | 20日 | 19.03% 52周高 | | 15.20 | | 卖二 | | | 60日 | 35.73% 52周低 | | 6.92 | | 卖一 | | | | 2023 | 2024 | 2025Q3 | | 노 | 16.26 16.25 | 153565 457 | EbS BbS | 1.10 5.85 | 0.53 5.99 | 0.61 6.56 | | 买三 | 16.24 | ...

盘面上，贵金属板块持续走强，油气、基本金属板块再度上涨。AI应用、算力硬件、光伏、商业航天概念股回调。 沪指涨0.11%，深成指跌0.07%，创业板指跌0.03%。科创综指跌0.34%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | IMM | 4155.92 | 4.68 | 0.11% | | 399001 | 深证成指 | s | 14332.70 | -10.19 | -0.07% | | 399006 | 创业板指 | 1/2 | 3322.48 | -1.08 | -0.03% | | 000680 | 科创综指 | NN | 1874.22 | -6.35 | -0.34% | 盘面上，贵金属板块持续走强，四川黄金、湖南黄金、西部黄金等多股涨停；油气、基本金属板块再度上涨。AI应用、算力硬件、光伏、商业 航天概念股回调。 个股方面，科达制造复牌涨停，公司拟购买特福国际51.55%股份。 | | 16.26 +1.48 +10.01% | | | | 科达制造 1 ...

Group 1 - The core viewpoint of the news highlights significant projected profit increases for various companies in 2025, driven by rising production and sales in precious metals and advancements in technology sectors [1][3]. Group 2 - Xiaocheng Technology anticipates a net profit increase of 93%-179% year-on-year in 2025, with growth in gold production, sales, and international gold prices [1]. - Hunan Silver expects a net profit increase of 67.88%-126.78% in 2025, supported by rising silver and gold production and sales [3]. - Industrial Fulian projects a 56%-63% year-on-year increase in net profit for Q4 2025, with AI server revenue growth exceeding 50% quarter-on-quarter and over 5.5 times year-on-year [3]. - Keda Xunfei forecasts a net profit increase of 40%-70% in 2025, benefiting from the scaling of artificial intelligence applications [3]. - Albitex anticipates a net profit increase of 100.96% in 2025, primarily due to its focus on aerospace and expansion into the civilian market [3]. - Companies like Hainan Mining and Meixin Sheng are also making strategic acquisitions and investments to enhance their market positions [3].

Group 1 - 31 provinces in China have announced their economic growth rates for 2025, with nearly half exceeding last year's targets. Tibet leads with a growth rate of 7%, followed by Gansu at 5.8% and Hebei and Henan at 5.6% [4] - Shenzhen Metro Group has provided an additional loan of 2.36 billion yuan to Vanke for debt repayment, with a three-year term and an interest rate of 2.34% [4] - Hang Seng Bank has officially delisted from the Hong Kong Stock Exchange, following a privatization plan by HSBC that was approved by the Hong Kong High Court [5] Group 2 - ByteDance has implemented new social media guidelines prohibiting employees from using company resources for personal profit, which is expected to significantly reduce the number of commercial accounts operated by employees [6] - Amazon announced a restructuring that will affect nearly 16,000 jobs, while continuing to recruit talent in key strategic areas [7] - Tesla plans to cease production of the Model S and Model X vehicles to focus on its "Optimus" robot production line, marking a shift towards a future based on autonomous driving [9] Group 3 - Meta reported fourth-quarter revenue of $59.89 billion, a 24% year-over-year increase, with advertising revenue also up by 24% [17] - Microsoft announced second-quarter revenue of $81.27 billion, with significant contributions from its cloud and productivity segments [17] - Tesla's fourth-quarter revenue was $24.90 billion, a 3% year-over-year decline, with net profit down 61% to $840 million [17]

Group 1: Tax and Economic Policies - In 2026, the tax authorities will deepen tax system reforms, focusing on expanding local tax sources and increasing local financial autonomy [1] - In 2025, tax revenue reached 33.1 trillion yuan, with tax reductions and refunds exceeding 2.8 trillion yuan to support technological innovation and manufacturing [1] Group 2: State-Owned Enterprises and Mergers - The State-owned Assets Supervision and Administration Commission (SASAC) will promote professional integration among state-owned enterprises (SOEs) to support high-quality mergers and acquisitions [1] - SASAC aims to enhance core functions and competitiveness through restructuring and integration of SOEs [1] Group 3: Company Performance Forecasts - Industrial Fulian expects a net profit of 35.1 billion to 35.7 billion yuan for 2025, a year-on-year increase of 51% to 54%, driven by strong growth in cloud computing [1] - iFlytek anticipates a net profit of 785 million to 950 million yuan for 2025, representing a growth of 40% to 70% [1] - Other companies such as Jingneng Power and Jibite forecast significant profit increases, with Jingneng Power expecting a growth of 89.04% to 118.34% for 2025 [4] Group 4: Market and Economic Indicators - The total telecom business volume in 2025 is projected to grow by 9.1%, with telecom revenue reaching 1.75 trillion yuan, a 0.7% increase [1] - Public fund assets in China reached a record high of 37.71 trillion yuan by the end of December 2025, with significant growth in stock and bond funds [1]

►►上海期货交易所发布公告，再次对黄金、白银等期货涨跌停板幅度、交易保证金比例进行调整，其中，镍期货已上市合约的涨跌停板幅度调整为11%， 套保持仓交易保证金比例调整为12%，一般持仓交易保证金比例调整为13%；氧化铝、铅、锌期货已上市合约的涨跌停板幅度调整为9%，套保持仓交易保证 金比例调整为10%，一般持仓交易保证金比例调整为11%；不锈钢、铸造铝合金、螺纹钢、热轧卷板期货已上市合约的涨跌停板幅度调整为7%，套保持仓交 易保证金比例调整为8%，一般持仓交易保证金比例调整为9%；黄金期货AU2606、AU2608、AU2610、AU2612、AU2702合约涨跌停板幅度调整为16%，套 保持仓交易保证金比例调整为17%，一般持仓交易保证金比例调整为18%；白银期货AG2605、AG2606、AG2607、AG2608、AG2609、AG2610、AG2611、 AG2612、AG2701合约涨跌停板幅度调整为16%，套保持仓交易保证金比例调整为17%，一般持仓交易保证金比例调整为18%。 上海黄金交易所于同日发布公告，对白银延期合约交易保证金水平和涨跌停板比例进行调整，自2026年1月30日（星期五）收盘清 ...

Industry News - The Chinese government is no longer requiring real estate companies to report the "three red lines" indicators monthly, although some distressed firms must still report financial metrics to local authorities [4][5] - The price of Moutai liquor has surged to approximately 1600 yuan per bottle due to strong demand during the Spring Festival, with some distributors reporting that their January and February allocations have already sold out [4] - China Aerospace Science and Technology Corporation emphasized the need to successfully launch and recover its main rocket, focusing on breakthroughs in reusable technology [4] Company News - Industrial Fulian expects a net profit of 35.1 billion to 35.7 billion yuan for 2025, representing a year-on-year increase of 51% to 54% [8] - Keda Xunfei anticipates a net profit of 785 million to 950 million yuan for 2025, reflecting a growth of 40% to 70% year-on-year [10] - Hunan Silver forecasts a net profit of 285 million to 385 million yuan for 2025, indicating a year-on-year increase of 67.88% to 126.78% [12] - *ST Chengchang expects a net profit of 95 million to 124 million yuan for 2025 [8] - Macromicro Technology predicts a net profit of 193 million to 226 million yuan for 2025, showing a significant year-on-year increase of 745% to 889% [11] - Red Sun anticipates a net loss of 260 million to 390 million yuan for 2025, marking a shift from profit to loss [12]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002230 证券简称：科大讯飞 公告编号：2026-004 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、本期业绩预计情况 二、与会计师事务所沟通情况 公司已就业绩预告有关事项与会计师事务所进行了预沟通，公司与会计师事务所在业绩预告方面不存在 分歧。本次业绩预告未经过注册会计师预审计。 三、业绩变动原因说明 报告期内，公司踏踏实实推进长期、可持续、高质量发展。得益于人工智能应用规模化落地不断取得成 效，公司在人工智能自主可控保持高强度投入的背景下，仍然实现了全年营业收入、毛利、归母净利 润、扣非净利润、经营性现金流净额等各项核心经营指标均保持正向增长：公司预计2025年归母净利润 较上年同期增长40%-70%，扣非净利润较上年同期增长30%-60%。同时，销售回款总额超过270亿元， 较去年同期增长超过40亿元，报告期末经营活动产生的现金流量净额超过30亿元，以上两项均创历史新 高。 本报告期业绩变动的主要原因是： 1、公司积极抢抓通用人工智能的历史新机遇，继续保持面向未来抢占人工智能根红利的 ...