股票简称：博彦科技 股票代码：002649 编号：2025-021 博彦科技股份有限公司 关于部分董事、高级管理人员减持计划期限届满 及实施结果的公告 信息披露义务人保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 （一）股东减持股份情况 | 股东名称 | 减持方式 | | | 减持日期 | | | 减持均价 | 减持数量 | 占总股本 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | （元/股） | （股） | 比例 | | 王丽娜 | 集中竞价交易 | 2025 | 年 | 6 月 | 25 | 日 | 14.42 | 7,500 | 0.0013% | | 王威 | 集中竞价交易 | 2025 | 年 | 6 月 | 27 | 日 | 14.52 | 7,500 | 0.0013% | | 燕玉光 | 集中竞价交易 | 2025 | 年 | 月 7 | 23 | 日 | 14.56 | 15,000 | 0.0026% | | 吴笛 | 集中竞价交易 | | | ...

Core Viewpoint - Beyondsoft Technology, while not a star company in China's tech industry, has grown from a small firm to a global IT service provider with over 30,000 employees since its establishment in 1995, paralleling the rise of the Chinese internet [1] Development History - The history of Beyondsoft reflects the evolution of China's IT service industry from learning and imitation to exporting experience [2] - The company's globalization journey began in 2002 when co-founder Zhang Rongjun was sent to the U.S. with a mere $20,000 to explore the market [2][3] Company Name and Philosophy - The name "博彦" symbolizes a gathering of talent, while "Beyondsoft" reflects the ambition to excel in software [4] - The early decision to focus on IT services over multimedia software was crucial for avoiding cash flow risks and establishing a core business model [5] Early Challenges and Successes - Beyondsoft faced significant challenges, including project management and client expectations, which were overcome through dedication and teamwork [6][7] - The first major client, Fisher-Price, was acquired through participation in a trade show, showcasing the company's commitment and technical expertise [8][9] Talent Acquisition and Development - The company recognized the critical need for talent and invested heavily in recruitment, attracting 45 graduates through a large-scale campus recruitment campaign in 2001 [10][11] - Beyondsoft developed a systematic talent cultivation model that was later expanded internationally, creating a diverse workforce capable of engaging with global clients [12] Globalization and Cultural Management - The company adopted a hybrid operational model to manage cross-cultural differences, leveraging the strengths of both Chinese and American employees [13] - Beyondsoft's experience in international markets has equipped it with unique capabilities to support other Chinese companies in their globalization efforts [12][13] Future Directions - Beyondsoft is transitioning from being a learner of global rules to a participant in defining new ones, emphasizing the need for a flexible organizational structure [15][16] - The company is investing in innovation hubs globally to foster collaboration among high-caliber talent, focusing on maximizing the value of skilled personnel [16] Conclusion - Beyondsoft's journey illustrates the importance of ambition and adaptability in navigating the complexities of globalization, providing a reference for other Chinese enterprises [18]

Investment Rating - The investment rating for the computer industry is "Positive" (maintained) [1] Core Views - The computer index increased by 2.12% during the week of July 14-18, 2025, while the CSI 300 index rose by 1.09% [4][15] - The signing of the stablecoin regulatory bill by President Trump marks the establishment of a regulatory framework for digital stablecoins in the U.S., indicating a shift towards compliance in the stablecoin market [5][11] - The implementation of the stablecoin ordinance in Hong Kong on August 1, 2025, will require licenses for issuing stablecoins, which is expected to accelerate the entry of traditional banks and fintech companies into the market [6][12] Summary by Sections Market Review - The CSI 300 index rose by 1.09% and the computer index increased by 2.12% during the week of July 14-18, 2025 [4][15] Industry Dynamics - The stablecoin market is expanding from cryptocurrency trading to broader payment applications, with significant growth in market size and trading activity [7][13] - The U.S. stablecoin regulatory framework and Hong Kong's licensing requirements are expected to create investment opportunities in the stablecoin and RWA (Real World Assets) markets [7][13][14] Company Updates - State Grid Information & Communication Co. reported a total revenue of 352.47 million yuan for the first half of 2025, a decrease of 4.55% year-on-year, while net profit attributable to shareholders fell by 10.82% [16] - Nova Star Cloud plans to invest up to 35 million yuan in a venture capital fund to optimize its strategic layout and long-term asset allocation [18] Notable Developments - Kimi K2 has topped the global open-source model rankings, showcasing the competitive edge of Chinese models in the AI space [26][27] - OpenAI announced the launch of the "ChatGPT Intelligent Agent" feature, allowing its AI chatbot to autonomously browse the web and conduct research [28]

Core Insights - The Huawei Pangu concept stock rose by 1.92%, ranking 6th in the concept sector, with 20 stocks increasing in value, including Yunding Technology and Fanwei Network reaching their daily limit [1] - The concept sector saw a net inflow of 854 million yuan, with 17 stocks receiving net inflows, and 8 stocks exceeding 50 million yuan in net inflow [1] Market Performance - The top-performing concept sectors included: - China AI 50: +3.91% - ERP Concept: +3.35% - Huawei Pangu: +1.92% - The sectors with the largest declines included: - Low-E Glass: -3.55% - Silicon Energy: -2.85% - Coal Concept: -2.36% [1] Fund Flow Analysis - Yunding Technology led the net inflow with 251 million yuan, followed by Tuowei Information and Yidian Tianxia with 187 million yuan and 95 million yuan respectively [2] - The top three stocks by net inflow ratio were: - Yunding Technology: 28.63% - Fanwei Network: 17.44% - Cooltech Intelligent: 11.96% [2][3]

[Boyan Technology 2025 Semi-Annual Performance Forecast](index=1&type=section&id=Boyan%20Technology%20Co.%2C%20Ltd.%202025%20Semi-Annual%20Performance%20Forecast) [Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates a significant year-on-year increase in 2025 first-half net profit, with attributable net profit projected between 112 million and 131 million yuan Key Financial Data for 2025 Semi-Annual Performance Forecast | Item | Current Reporting Period (Jan 1 - Jun 30, 2025) | Prior Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company (yuan)** | Profit: 111.96 million – 130.62 million | Profit: 74.64 million | | Year-on-Year Change | **Growth 50.00% – 75.00%** | - | | **Net Profit After Deducting Non-Recurring Gains and Losses (yuan)** | Profit: 96.96 million – 110.62 million | Profit: 68.70 million | | Year-on-Year Change | **Growth 41.13% – 61.01%** | - | | **Basic Earnings Per Share (yuan/share)** | Profit: 0.1913 – 0.2231 | Profit: 0.1277 | [Explanation of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) Performance growth is primarily driven by continuous business structure optimization, proactive new business expansion, and a positive impact from Japanese Yen to RMB exchange rate fluctuations - The company continuously optimizes its business structure and actively expands into new industries and businesses, maintaining **stable overall operations** around strategic development goals[5](index=5&type=chunk) - Fluctuations in the Japanese Yen to RMB exchange rate **positively contributed** to the company's current period profit[5](index=5&type=chunk) [Other Relevant Information](index=1&type=section&id=IV.%20Other%20Relevant%20Information) This performance forecast represents preliminary estimates by the company's finance department, unaudited by external accountants, with final figures subject to the official 2025 semi-annual report - The data related to this performance forecast has **not been audited** by an accounting firm[4](index=4&type=chunk) - This performance forecast is a **preliminary estimate** by the company's finance department, and the final specific financial data will be based on the company's disclosed 2025 semi-annual report, **cautioning investors about potential risks**[6](index=6&type=chunk)

Investment Rating - The industry investment rating is maintained as "Positive" [2] Core Viewpoints - The report continues to favor investment opportunities in stablecoins and Real World Assets (RWA), emphasizing the potential for the development of RMB stablecoins to enhance the global influence of the RMB [6][12] - The implementation of the Hong Kong Stablecoin Regulation on August 1, 2025, will require licenses for issuing stablecoins, which is seen as a key entry point for traditional banks and fintech companies [7][13] - The market for stablecoins is rapidly expanding from cryptocurrency trading to broader payment applications, with significant growth in market size and trading activity anticipated [8][14] Summary by Sections Weekly Perspective - The report highlights the ongoing positive outlook for stablecoins and RWA investment opportunities, suggesting a combined development model for domestic and offshore RMB stablecoins [6][12] - The report notes that the Hong Kong Stablecoin Regulation will officially take effect on August 1, 2025, requiring licenses for stablecoin issuance, which will impact market dynamics [7][13] Company Dynamics - Companies such as iFlytek are forecasting a revenue increase of 15%-20% for the first half of 2025, while other firms like Rui Ming Technology expect a net profit increase of 53.64% to 77.90% [17] - Strategic collaborations are being formed, such as the partnership between Zhongke Xingtou and Zhongke Shuguang to advance technology in the space sector [22] Industry Dynamics - The report mentions that the AI unicorn Zhipu AI is preparing for simultaneous listings in Hong Kong and A-shares, indicating strong market interest [27] - Amazon is considering a significant investment in AI startup Anthropic, which reflects ongoing trends in the AI sector [30]

Industry Rating - The industry rating is maintained at "Outperform" [1] Core Insights - The report suggests that the years 2025-2026 are expected to mark the commercialization of AI Agents, driven by advancements in large model capabilities and the introduction of key players like OpenAI, Anthropic, Microsoft, and Google [2][3] - The total addressable market (TAM) for AI Agents is estimated at approximately 3.61 trillion yuan, with significant opportunities in vertical industries such as IT and finance [2][3] - AI Agents are projected to replace specific standardized roles in various sectors, with a focus on enhancing productivity and ROI for businesses [3][48] Summary by Sections Investment Rating - The report maintains a rating of "Outperform" for the industry [1] Market Potential - The total addressable market (TAM) for AI Agents is estimated at 3.61 trillion yuan, calculated based on total salary levels, replacement rates, and efficiency optimization [50][54] - The report highlights six core scenarios where AI Agents are expected to penetrate first, including coding, banking, human resources, legal, cybersecurity, and customer service [61][62] Key Industry Insights - AI Agents are anticipated to significantly impact the banking sector, with 54% of jobs having a high potential for automation, leading to an estimated TAM of 1774.32 billion yuan in this field [71][77] - In the coding sector, AI is expected to automate up to 99% of coding tasks by the end of 2025, with a TAM of approximately 4357.84 billion yuan [63][68] - The report emphasizes that AI Agents will first replace roles in high-salary, white-collar industries such as finance, IT, and law, where the ROI for AI implementation is more favorable [55][57] Company Recommendations - The report suggests monitoring companies involved in general office applications and enterprise SaaS, as well as those in vertical markets like banking, human resources, and cybersecurity [3][4]

Core Insights - The report highlights the potential of AI in driving new opportunities for the company, which is a leading provider of consulting, industry solutions, and digital technology services [2][4] - The company has a strong track record of serving numerous Fortune 500 and China 500 companies across various sectors including finance, high-tech, internet, energy, manufacturing, and agriculture [4][5] - The report projects the company's net profit attributable to shareholders for 2025-2027 to be 252 million, 319 million, and 372 million CNY respectively, with corresponding PE ratios of 31.4, 24.8, and 21.2 times, indicating that the company's valuation is below the average of comparable companies [2][4] Company Overview - The company is focused on consolidating its traditional IT service advantages while deepening product development and solution innovation [4] - It is actively cultivating high-value-added business segments and steadily forming specialized new business teams, with a focus on enhancing consulting service capabilities and the integration of trusted software and hardware [4] - The company has a long-standing partnership with Alibaba, exploring the application of large models in the financial sector, and has been involved in upgrading core systems for financial institutions [4][5] Strategic Collaborations - The company has been a deep collaborator with Microsoft for 30 years, providing IT services and developing intelligent application solutions based on cloud and AI platforms [5] - It is one of the first companies to access Microsoft Azure OpenAI commercial service permissions, focusing on delivering automation and intelligent robotics solutions [5]

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [4]. Core Insights - The company is a leading provider of consulting, industry solutions, and digital technology services, with a strong focus on AI and new business opportunities [4][5]. - The company has established long-term partnerships with major players like Alibaba and Microsoft, enhancing its capabilities in AI applications across various industries [5][6]. - Financial projections indicate a steady growth in revenue and net profit from 2025 to 2027, with a corresponding decrease in P/E ratios, suggesting an attractive valuation compared to peers [4][63][68]. Summary by Sections Company Overview - The company has extensive experience in consulting and technology services, having served numerous Fortune 500 and Chinese 500 companies across various sectors including finance, high-tech, and agriculture [14][17]. Financial Performance - In 2024, the company achieved a revenue of 68.99 billion yuan, a year-on-year increase of 4.5%, while net profit decreased by 42.8% to 1.24 billion yuan due to increased investments in new businesses [18][21]. - Revenue sources are primarily from products and solutions, research and development engineering, and IT operations maintenance [19][22]. Business Strategy - The company is focusing on new industries and clients to create a second growth curve, with significant contracts signed in digital agriculture and smart energy sectors [24][29]. - It aims to optimize its business types and cultivate high-value, high-margin services, particularly in consulting and integrated software solutions [33][34]. AI and Technology Partnerships - The company collaborates with Alibaba and Microsoft to accelerate the implementation of AI solutions in various sectors, particularly in finance [5][42]. - It has developed an "AI Agent platform" to facilitate the integration of AI into existing business systems, enhancing delivery speed and flexibility [39][40]. Financial Projections - The company forecasts revenue growth from 73.31 billion yuan in 2025 to 86.64 billion yuan in 2027, with a gradual increase in gross margin [63][68]. - Expected net profits for 2025, 2026, and 2027 are projected at 2.52 billion, 3.19 billion, and 3.72 billion yuan respectively [68].

证券代码：002649 证券简称：博彦科技 公告编号：2025-019 博彦科技股份有限公司 关于高级管理人员辞职的公告 博彦科技股份有限公司（以下简称"公司"）董事会于近日收到公司副总经理 李全有先生提交的辞职报告，李全有先生因个人发展规划原因申请辞去公司副总 经理职务，本次辞职后将不再担任公司任何职务。 李全有先生的原定任期至 2025 年 12 月 19 日第五届董事会任期届满。根据 相关法律法规，李全有先生的辞职报告自送达公司董事会之日起生效，其辞职不 会影响公司相关工作正常运行。 1 截至本公告披露日，李全有先生持有公司股票 12,000 股。辞职后其股份变动 将继续严格遵守《上市公司股东减持股份管理暂行办法》《上市公司董事和高级 管理人员所持本公司股份及其变动管理规则》等相关规定。 公司于 2025 年 4 月 2 日披露了李全有先生的股份减持计划，具体详见《关 于部分董事、高级管理人员减持股份的预披露公告》（公告编号：2025-006），截 至本公告披露日，李全有先生尚未实施上述减持计划，且自辞职生效日起的 6 个 月内，其所持股票因离职原因全部进入锁定状态。 公司董事会对李全有先生任职期间恪尽 ...