Group 1: Disease Outbreak - The number of confirmed cases of Chikungunya fever in Shunde District, Foshan, has reached 2,934, with a significant increase of 463 cases reported in one day [1] - The outbreak began on July 15, with 478 cases reported on the first day, indicating a rapid rise in cases over a short period [1] - The World Health Organization has reported that 119 countries and regions have identified Chikungunya virus transmission, affecting approximately 5.5 million people [1] Group 2: Satellite Internet - Shanghai Yuanxin Satellite has announced a tender for rocket launch services, requiring a total of 94 satellites to be launched by 2026, with a contract value of 1.336 billion yuan [2] - This tender follows a previous announcement for nine launch services earlier in the year, indicating a significant acceleration in the construction of the Thousand Sails constellation [2] - The market for satellite internet in China is projected to reach nearly 100 billion yuan in the next five years, with the private rocket market expected to exceed 30 billion yuan [2] Group 3: AI and Computing Power - The computing power sector is experiencing increased interest, with several companies seeing significant stock price increases ahead of the World Artificial Intelligence Conference [3] - Huawei is set to showcase its Ascend 384 super node technology, which features the largest scale of 384 card high-speed bus interconnection in the industry [3] - The demand for PCB (Printed Circuit Board) is expected to grow due to the recovery in electronic demand and the rise of AI and high-speed communication technologies [3] Group 4: Data Elements - The data elements sector has seen stock price increases, with several companies reaching their daily limit [4] - The National Data Bureau plans to enhance the marketization of data elements, focusing on creating a closed-loop ecosystem for data labeling, high-quality datasets, models, and application scenarios [4] - The market for RWA (Real World Assets) is expected to grow significantly, with increasing demand for standardized data assets across various sectors [4] Group 5: Electronic Identification - The Ministry of Public Security is promoting the electronicization of identification documents, aiming to streamline data sharing and business collaboration across departments [5] - The market for electronic identification is projected to exceed 100 billion yuan by 2025, with expectations of rapid growth in the following years [5] - The integration of technologies such as blockchain and biometrics is anticipated to enhance the application of electronic identification in various sectors [5] Group 6: Low Altitude Economy - The "Low Altitude Economic Infrastructure Framework Guide (2025 Edition)" has been officially released, outlining a multi-level indicator system for low-altitude infrastructure [6] - The low-altitude economy is recognized as a strategic emerging industry, with the market expected to reach 1.5 trillion yuan by 2025 and potentially exceed 3.5 trillion yuan by 2035 [6] - The development of the low-altitude economy is driven by policies, technology, and market forces, leading to significant capital investment and industry collaboration [6]

[Key Performance Forecast Data](index=1&type=section&id=Item%20I.%20Performance%20Forecast%20for%20the%20Reporting%20Period) The company anticipates a significant increase in net loss attributable to shareholders for the first half of 2025, ranging from RMB 30 million to RMB 40 million Key Performance Forecast Data | Item | Current Reporting Period (Jan 1 - Jun 30, 2025) (RMB) | Same Period Last Year (RMB) | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Loss: 30,000,000 to 40,000,000 | Loss: 13,884,000 | | **Net Profit After Deducting Non-recurring Gains and Losses** | Loss: 30,000,000 to 40,000,000 | Loss: 13,216,400 | | **Basic Earnings Per Share** | Loss: 0.14/share to 0.19/share | Loss: 0.07/share | [Communication with Accounting Firm](index=1&type=section&id=Item%20II.%20Communication%20with%20Accounting%20Firm) The company has pre-communicated its performance forecast with the accounting firm, finding no significant discrepancies, though the forecast remains unaudited - The performance forecast is **unaudited**, but the company has pre-communicated with the accounting firm, with **no significant differences** identified[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=Item%20III.%20Explanation%20of%20Performance%20Changes) The increased loss in the reporting period is primarily due to significant changes in credit impairment losses and a decline in operating revenue from reduced project acceptances - **Credit impairment losses** showed a significant year-on-year change, influenced by a lower base in the prior period due to the recovery of substantial long-term accounts receivable that reduced bad debt provisions[5](index=5&type=chunk) - **Operating revenue decreased** due to a reduction in project acceptances during the reporting period[6](index=6&type=chunk) [Other Relevant Information](index=1&type=section&id=Item%20IV.%20Other%20Relevant%20Information) The company clarifies that this performance forecast is a preliminary estimate, with final figures subject to the official 2025 semi-annual report, and advises investors to consider investment risks - This performance forecast represents **preliminary estimates** by the company's finance department, with final financial data to be fully disclosed in the **2025 semi-annual report**[7](index=7&type=chunk) - The company advises investors to **exercise caution regarding investment risks**[8](index=8&type=chunk)

Core Viewpoint - The company, Zhen Shitong (002771), is expected to report a net loss attributable to shareholders ranging from 30 million to 40 million yuan for the period from January 1, 2025, to June 30, 2025, compared to a loss of 13.884 million yuan in the same period last year [1] Financial Performance - The projected net loss for the upcoming period is between 30 million to 40 million yuan, while the previous year's loss was 13.884 million yuan [1] - The net profit, after excluding non-recurring gains and losses, is also expected to be a loss of 30 million to 40 million yuan, compared to a loss of 13.2164 million yuan in the same period last year [1] - The basic earnings per share are projected to be a loss of 0.14 to 0.19 yuan per share, compared to a loss of 0.07 yuan per share in the same period last year [1] Reasons for Performance Change - The significant change in credit impairment losses year-on-year and a decrease in project acceptance have led to a decline in operating revenue [1]

Core Viewpoint - After a significant surge in stock prices in 2023, the stock of Zhen Shitong (002771.SZ) has experienced a decline, prompting multiple shareholders to announce their plans to reduce their holdings [1][2]. Shareholder Actions - Three major shareholders, Hu Xiaozhou, Chen Ruiliang, and Wu Lan, plan to collectively reduce their holdings by 5.96% due to personal financial needs, with Hu Xiaozhou reducing 5.5876 million shares (2.66% of total shares), Chen Ruiliang reducing 4.9751 million shares (2.37%), and Wu Lan reducing 1.9542 million shares (0.93%) [1]. - This reduction follows a previous attempt in March 2024, where the same shareholders planned to reduce a total of 6.58% of their shares but ultimately only reduced 0.57% and 0.05% for Hu Xiaozhou and Wu Lan, respectively, while Chen Ruiliang did not reduce any shares [2]. Stock Performance - Zhen Shitong's stock price has dropped over 20% compared to October 22, 2024, and nearly 30% compared to March 20, 2024, despite the overall market reaching new highs [2]. Financial Performance - Founded in 1997, Zhen Shitong specializes in information technology and multimedia video solutions, with its main revenue sources being multimedia information systems (56.35%) and data center systems (19.57%) [2]. - Since its IPO in 2015, the company's net profit has plummeted by 88.24%, from 60 million yuan to 7 million yuan by 2024, with the highest profit recorded in 2017 at 69 million yuan [3]. - The company reported a significant loss of 49 million yuan in 2023 and continued to experience losses in Q1 2025, with revenue of 5.27271 billion yuan, a year-on-year decrease of 35.20%, and a net loss of 15.8604 million yuan, a year-on-year increase in losses of 335.51% [3].

Industry News - Baotou Steel and Northern Rare Earth announced that the price of rare earth concentrate for the third quarter of 2025 will be adjusted to 19,109 yuan/ton (excluding tax), an increase of 1.5% from the second quarter's price of 18,825 yuan/ton, marking four consecutive quarters of price increases since Q4 2024 [5][6] - The China Nonferrous Metals Industry Association's Silicon Industry Branch reported that silicon wafer prices have stabilized this week, despite a lack of significant recovery in terminal demand in the domestic photovoltaic market. Silicon material companies have begun to raise prices, leading to a more positive market outlook [6] - The European defense technology startup Helsing has indicated that Europe could deploy unmanned combat aircraft within a few years, with its AI system accumulating experience equivalent to 1 million pilot hours in just 72 hours [7] - The China Construction Machinery Industry Association reported that total excavator sales reached 120,500 units in the first half of the year, a year-on-year increase of 16.8%. The demand for earth-moving equipment is expected to maintain stable growth in the second half of the year [7] - OPEC's 2025 World Oil Outlook states that global oil demand is projected to average 105 million barrels per day this year, increasing to 106.3 million barrels per day in 2026 and 111.6 million barrels per day by 2029, with forecasts for 2026-2029 being lower than previous expectations [7] Company News - Zhiyuan Robotics responded to rumors about its IPO plans in Hong Kong, stating that there are no concrete plans for such an offering [9] - Xinya Electronics announced that during the period of stock fluctuations, its directors and senior management have reduced their holdings in the company's stock [10] - Saily's announcement indicated a projected net profit increase of 66%-97% year-on-year for the first half of the year [10] - China Shipbuilding Industry Corporation expects a net profit increase of 98%-119% year-on-year for the first half of the year [10] - WuXi AppTec anticipates an adjusted net profit of approximately 6.315 billion yuan for the first half of the year, representing a year-on-year growth of about 44% [10] - Sanmei Co. expects a net profit increase of 147%-172% year-on-year for the first half of the year, driven by a significant rise in the average price of its fluorinated refrigerants [10] - Jiangfeng Electronics plans to raise no more than 1.95 billion yuan through a private placement for the industrialization of ultra-high-purity metal sputtering targets for integrated circuits [10]

Group 1 - The core point of the announcement is that shareholders Hu Xiaozhou, Chen Ruiliang, and Wu Lan plan to reduce their holdings in Beijing Zhen Shitong Technology Co., Ltd. within three months from the date of the announcement [1][2] - Hu Xiaozhou holds 5,587,569 shares (2.66% of total shares), Chen Ruiliang holds 4,975,144 shares (2.37%), and Wu Lan holds 1,954,232 shares (0.93%) [1][2] - The reduction will occur through centralized bidding and block trading, with specific limits on the number of shares that can be sold within a 90-day period [1][2] Group 2 - The shareholders have committed to notifying the company four trading days before the reduction and the company will announce this three trading days prior to the reduction [2] - The shareholders have adhered to their commitments and complied with relevant laws and regulations regarding shareholding and share changes [3]

Group 1 - The company Zhen Shitong (002771) announced that shareholders Hu Xiaozhou, Chen Ruiliang, and Wu Lan plan to reduce their holdings of company shares within three months from the date of the announcement [1] - Hu Xiaozhou intends to reduce 5.5876 million shares, accounting for 2.66% of the company's total share capital [1] - Chen Ruiliang plans to reduce 4.9751 million shares, representing 2.37% of the company's total share capital [1] - Wu Lan aims to reduce 1.9542 million shares, which is 0.93% of the company's total share capital [1] - The reason for the reduction is personal funding needs, and the reduction price will be determined based on market prices [1]

证券代码：002771 证券简称：真视通 公告编号：2025-046 北京真视通科技股份有限公司 关于特定股东减持股份的预披露公告 股东胡小周先生、陈瑞良先生、吴岚女士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。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 特别提示： 持有本公司股份 5,587,569 股（占本公司总股本比例 2.66%）的股东胡小周 先生，持有本公司股份 4,975,144 股（占本公司总股本比例 2.37%）的股东陈瑞 良先生，持有本公司股份 1,954,232 股（占本公司总股本比例 0.93%）的股东吴 岚女士，计划自本公告之日起三个交易日后的三个月内，以集中竞价交易方式、 大宗交易方式减持本公司股份。其中，通过集中竞价交易方式减持的，在任意连 续九十个自然日内，各自减持股份总数不超过公司股份总数的百分之一；通过大 宗交易方式减持的，在任意连续九十个自然日内，各自减持股份总数不超过公司 股份总数的百分之二。详细情况如下： 一、 减持股份的股东基本情况 4. 减持期间：自本公告之日起三个交易日后的三个月内。 5. 减持方式 ...

Core Insights - Beijing Zhen Shitong Technology Co., Ltd. (Zhen Shitong) held its anniversary celebration and AI ecosystem launch event, signing strategic cooperation agreements with three companies and launching multiple new products [1][2] Group 1: Strategic Partnerships - Zhen Shitong signed a strategic cooperation agreement with Beijing Cloud Co., Ltd. to collaborate on the research and optimization of audio-visual large models and content creation [1] - A partnership was established with Softcom Power (301236) Information Technology Group Co., Ltd. to jointly develop full-scene intelligent applications across various business sectors [1] - Zhen Shitong collaborated with Guangzhou Radio and Television Wuzhou Technology Co., Ltd. to work on GPU chips and server cooling products [1] Group 2: New Product Launches - Zhen Shitong, in collaboration with Guangzhou Radio and Television Wuzhou Technology Co., Ltd. and Hangyuan Solar Thermal (Beijing) Technology Co., Ltd., launched a two-phase liquid cooling high-efficiency cooling server that supports eight 600W liquid-cooled graphics cards, addressing industry pain points such as low efficiency and high noise [1] - The company also introduced a pump-driven two-phase liquid cooling integrated cabinet, developed in partnership with Guangxi Beitou Xinchuan Technology Investment Group Co., Ltd. and Hangyuan Solar Thermal (Beijing) Technology Co., Ltd., which offers high cooling efficiency, low energy consumption, and high-density computing integration [2] - An AI industry application software was launched, developed in collaboration with Guangxi Beitou Xinchuan Technology Investment Group Co., Ltd., providing customized solutions based on mainstream AI large models to meet various industry needs [2] Group 3: Future Strategy - Zhen Shitong's chairman, Wang Guohong, emphasized a "left embrace right hug" strategy, focusing on core technologies and products while expanding into AI, information innovation, and dual carbon initiatives to build a second growth curve through AI predictive computing and intelligent meetings [2]

Core Insights - The establishment of the Zhen Shitong Green Computing Power Energy Saving Research Institute aims to address clients' needs in green transformation and contribute to high-quality low-carbon development [1][3] - Strategic partnerships were formed with Beijing Cloud Co., Softcom Power Information Technology Group, and Guangzhou Broadcasting Five Boat Technology to enhance collaboration in various fields including audio-visual content creation and GPU chip development [3] - New products launched include a two-phase liquid cooling high-efficiency server and a pump-driven two-phase liquid cooling integrated cabinet, both designed to improve performance and reduce energy consumption in data centers [3] - The company is expanding its multimedia business and leveraging AI technologies to create a second growth curve, focusing on innovation and social responsibility [4] - The Fengtai Technology Park is committed to optimizing the business environment for AI companies, supporting talent acquisition and global innovation resource linkage [5] - Zhen Shitong is recognized as a national-level specialized enterprise, achieving significant results in various sectors including cloud video and AI, while integrating energy-saving concepts into its products and services [7] - The company is exploring practical applications of AI in remote meetings and smart exhibitions, addressing common industry challenges such as profitability and implementation difficulties [8]