风险提示：投资有风险，入市需谨慎。 截至2025年8月25日15时，久远银海股价报20.89元，较前一交易日下跌0.01元，跌幅0.05%。当日成交 量为24.84万手，成交金额达5.18亿元。 久远银海是一家专注于智慧民生服务的企业，主营业务涵盖医疗医保、数字政务和智慧城市三大领域。 公司在全国29个省份、240余个城市开展业务，服务16万家医疗医药机构和7亿社会公众。 根据公司8月24日晚间发布的半年报显示，2025年上半年久远银海实现营业收入4.39亿元，同比增长 11.33%；归属于上市公司股东的净利润2994.81万元，同比增长160.02%。其中智慧城市业务表现突出， 营业收入同比增长409.88%至5169.6万元。 来源：金融界 ...

Core Viewpoint - The company, Jiuyuan Yinhai, reported significant growth in both revenue and net profit for the first half of 2025, driven by its focus on healthcare, digital governance, and smart city sectors [1][2]. Financial Performance - Jiuyuan Yinhai achieved a revenue of 439 million yuan, representing a year-on-year increase of 11.33% [1]. - The net profit attributable to shareholders reached 29.94 million yuan, marking a substantial growth of 160.02% [1]. - The net profit after deducting non-recurring gains and losses was 21.44 million yuan, reflecting a remarkable increase of 250.12% [1]. Sector Performance - In the healthcare and insurance sector, the company generated 238 million yuan in revenue, a growth of 2.63% [2]. - The digital governance sector contributed 147 million yuan, with a growth of 6.94% [2]. - The smart city sector saw a significant increase in revenue to 51.70 million yuan, up by 409.88% [2]. - The gross margins for healthcare and digital governance sectors improved to 48.12% and 37.89%, respectively [2]. Strategic Initiatives - The company launched the "Jiuwen" medical intelligent solution at the Huawei China Partner Conference 2025, which includes a range of AI-driven medical applications [2]. - Jiuyuan Yinhai joined the "Ant Group Medical Model Ecosystem Partnership," focusing on collaborative development in the healthcare sector [2]. Project Developments - The company secured multiple smart healthcare projects, including significant contracts for hospitals in various regions [3]. - Jiuyuan Yinhai has established itself as a leader in the field of smart healthcare interconnectivity, having completed assessments across 19 different scenarios [3]. Industry Outlook - The healthcare industry is experiencing rapid growth, with increasing market demand, providing ample future development opportunities for the company [3]. - The ongoing investment in healthcare data elements, payment reforms, and smart hospital management is expected to continue until at least 2027, positioning Jiuyuan Yinhai favorably in the market [4].

Investment Rating - The report maintains an "Accumulate" rating for the company [6] Core Views - The company achieved a revenue of 439 million RMB in H1 2025, representing a year-on-year growth of 11.33%, with a net profit attributable to shareholders of 30 million RMB, compared to 11 million RMB in the same period of 2024 [1][4] - In Q2 2025, the company reported a revenue of 232 million RMB, a year-on-year increase of 16.32%, and a net profit of 15 million RMB, recovering from a loss of 2 million RMB in Q2 2024 [1] - The company is focusing on enhancing product development and has successfully implemented several core business system projects in hospitals, contributing to improved operational quality [1][3] Summary by Sections Financial Performance - The gross margin for H1 2025 was 43.98%, an increase of 4.77 percentage points year-on-year [2] - The company's revenue from the medical insurance sector was 238 million RMB, up 2.63% year-on-year, with a gross margin of 48.12%, an increase of 4.54 percentage points [2] - The digital government revenue reached 147 million RMB, growing by 6.94% year-on-year, with a gross margin of 37.89%, up 6.86 percentage points [2] - The smart city revenue surged by 409.88% year-on-year to 52 million RMB, although the gross margin slightly decreased by 1.15 percentage points [2] Business Strategy - The company is deepening its focus on the "application + technology" data business layout, particularly in public data for governance and healthcare [3] - It has developed a comprehensive platform for data governance and synchronization, supporting various sectors including healthcare and smart cities [3] - The company is actively promoting AI product implementation in the medical insurance sector, with its services covering over 2,800 hospitals across 26 provinces [3] Profit Forecast and Valuation - The report maintains profit forecasts, expecting net profits of 105 million RMB, 141 million RMB, and 180 million RMB for 2025, 2026, and 2027 respectively [4] - The target price for the company is set at 25.90 RMB, based on a 75 times PE ratio for 2026, reflecting the broad commercial potential of its medical insurance data [4][8]

Summary of Key Points Core Viewpoint - In August 2023, 28 companies released their semi-annual reports for 2025, with 19 companies reporting year-on-year profit growth and 9 reporting declines. 18 companies saw revenue growth while 10 experienced declines. Notably, 16 companies had both profit and revenue growth, with 科创新源 showing the highest profit increase of 520.71% [1]. Group 1: Company Performance - 科创新源 reported a net profit of 17.60 million with a year-on-year increase of 520.71% and revenue of 540.55 million, up 43.90% [1]. - 安硕信 reported a net profit of 11.88 million, a year-on-year increase of 182.65%, with revenue of 38.02 million, up 14.48% [1]. - 海 reported a net profit of 29.94 million, a year-on-year increase of 160.02%, with revenue of 43.94 million, up 11.33% [1]. - 炬芯科技 reported a net profit of 91.38 million, a year-on-year increase of 123.19%, with revenue of 44.91 million, up 60.12% [1]. - 泰禾股份 reported a net profit of 182.15 million, a year-on-year increase of 72.20%, with revenue of 2412.86 million, up 23.15% [1]. Group 2: Companies with Declining Performance - ST德豪 reported a net loss of 13.03 million, a year-on-year increase of 67.60%, with revenue of 30.74 million, down 8.19% [1]. - 华灿光电 reported a net loss of 115.41 million, a year-on-year increase of 53.17%, with revenue of 2532.36 million, up 33.93% [1]. - 通用电梯 reported a net loss of 17.89 million, a year-on-year decrease of 14411.44%, with revenue of 15.65 million, down 40.91% [2]. - 重庆建 reported a net loss of 248.99 million, a year-on-year decrease of 1221.41%, with revenue of 1436.10 million, down 8.00% [2].

Core Viewpoint - The performance of A-share listed companies in the first half of the year is strong, with several companies reporting significant profit growth, particularly those in the technology and chemical sectors [1] Group 1: Company Performance - Kexin New Source achieved operating revenue of 541 million yuan, a year-on-year increase of 43.90%, and net profit attributable to shareholders of 17.604 million yuan, up 520.71% [2] - Anshuo Information reported operating revenue of 380 million yuan, a year-on-year increase of 14.48%, and net profit of approximately 11.8832 million yuan, up 182.65% [3] - Jiuyuan Yinhai's operating revenue was approximately 439 million yuan, a year-on-year increase of 11.33%, with net profit of about 29.9481 million yuan, up 160.02% [3] - Juxin Technology achieved operating revenue of 449 million yuan, a year-on-year increase of 60.12%, and net profit of 91.3754 million yuan, up 123.19% [4] - Taihe Co., Ltd. reported operating revenue of 2.413 billion yuan, a year-on-year increase of 23.15%, and net profit of 182.1536 million yuan, up 72.2% [2] - Zhonggang Tianyuan's operating revenue was 1.517 billion yuan, a year-on-year increase of 16.94%, with net profit of 146.8639 million yuan, up 43.07% [2] - Xiyang Co., Ltd. reported operating revenue of 21.093 billion yuan, a year-on-year increase of 12.35%, and net profit of 1.0618828 billion yuan, up 32.76% [2] Group 2: Industry Trends - The demand for digitalization and intelligent transformation in financial institutions is driving Anshuo Information's growth [3] - Jiuyuan Yinhai's revenue growth is significantly supported by the smart city sector, which saw a 409.88% increase in revenue [3] - Juxin Technology's performance is attributed to strong AI technology-driven growth and increased R&D investment [4] - The upcoming peak of half-year report disclosures will see over 3,700 listed companies reporting, including major firms like Agricultural Bank and Midea Group [5]

Core Viewpoint - The company has released its 2025 semi-annual report, which reflects its operational results, financial status, and future development plans, emphasizing the importance of reviewing the full report for comprehensive understanding [1]. Group 1: Board Meeting and Resolutions - All directors attended the board meeting that reviewed the semi-annual report [2]. - The board approved the profit distribution plan, stating that no cash dividends or stock bonuses will be distributed [3]. - The board confirmed that there will be no retrospective adjustments or restatements of previous accounting data due to changes in accounting policies [4]. Group 2: Shareholder and Control Information - The company’s largest shareholder, Sichuan Jiuyuan Investment Holding Group Co., Ltd., holds 26.29% of the shares, and there are ongoing discussions regarding potential changes in the actual controller of the company [9][10]. - There have been no changes in the controlling shareholder or actual controller during the reporting period [6][7]. Group 3: Financial Reporting - The board and supervisory board have confirmed that the semi-annual report and its summary were prepared in compliance with relevant laws and regulations, ensuring the content is true, accurate, and complete [12][21]. - The semi-annual report and the special report on the use of raised funds were both approved unanimously by the board and supervisory board [14][23].

证券代码：002777 证券简称：久远银海 公告编号：2025-027 四川久远银海软件股份有限公司 第六届董事会第十三次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 一、董事会会议召开情况 《 中 国 证 券 报 》《 上 海 证 券 报 》《 证 券 日 报 》 和 巨 潮 资 讯 网 （http://www.cninfo.com.cn）。 公司独立董事召开了第六届董事会独立董事第十一次专门会议并形成了决议。 四川久远银海软件股份有限公司第六届董事会第十三次会议通知于 2025 年 8 月 议于 2025 年 8 月 22 日以通讯方式召开，会议应参加表决的董事 9 人，实际参加表 决的董事 9 人。会议的召集、召开符合有关法律、法规和公司章程的规定。 二、董事会会议审议情况 会议以记名投票方式对各项议案进行表决，审议通过如下议案： 公司严格按照《证券法》 《深圳证券交易所股票上市规则》及《公司章程》等有 关规定和要求，编制完成了公司《2025年半年度报告》和《2025年半年度报告摘要》。 表决结果：9 票同意，0 票反对，0 票弃权。该 ...

Core Points - The company held the 11th special meeting of the independent directors of the sixth board on August 22, 2025, via communication method [1] - All independent directors attended the meeting and reviewed the provided materials and reports [1] - The independent directors unanimously approved the "2025 Semi-Annual Special Report on the Storage and Use of Raised Funds" [1] Summary by Sections - **Meeting Details** - The meeting was convened and chaired by independent director Zhang Tengwen, with all three independent directors present [1] - **Resolution Passed** - The independent directors voted 3 in favor, 0 against, and 0 abstentions on the approval of the special report [1] - The report reflects the actual situation of the company's raised funds storage and usage, confirming timely, truthful, accurate, and complete disclosure of relevant information [1] - No violations regarding the storage, use, management, and disclosure of raised funds were identified [1]

Core Viewpoint - The company held its ninth meeting of the sixth supervisory board, where it approved the 2025 semi-annual report and the special report on the use of raised funds, confirming compliance with legal and regulatory requirements [1][2]. Group 1: Meeting Details - The meeting was convened on August 22, 2025, with all five supervisors participating and voting [1]. - The meeting was chaired by Ms. Hou Chunmei, and the procedures followed were in accordance with the Company Law and the Articles of Association [1]. Group 2: Semi-Annual Report - The supervisory board approved the 2025 semi-annual report, affirming that the report accurately reflects the company's actual situation without any false records or misleading statements [2]. - The voting result for the semi-annual report was unanimous, with 5 votes in favor and no opposition or abstentions [2]. Group 3: Fund Usage Report - The board also approved the special report on the storage and usage of raised funds, confirming that it complies with relevant regulations and does not harm the interests of the company or its shareholders [2]. - The voting result for the fund usage report was also unanimous, with 5 votes in favor and no opposition or abstentions [2].

Core Viewpoint - The article highlights the strong performance of several A-share listed companies in their semi-annual reports, with notable increases in net profits exceeding 100% for some firms [1]. Group 1: Company Performance - Kexin New Source achieved operating revenue of 541 million yuan, a year-on-year increase of 43.90%, and a net profit of 17.604 million yuan, up 520.71% [2]. - Anshuo Information reported operating revenue of 380 million yuan, a 14.48% increase, with a net profit of approximately 11.8832 million yuan, up 182.65% [3]. - Jiuyuan Yinhai's operating revenue was about 439 million yuan, an 11.33% increase, with a net profit of approximately 29.9481 million yuan, up 160.02% [3]. - Juxin Technology achieved operating revenue of 449 million yuan, a 60.12% increase, and a net profit of 91.3754 million yuan, up 123.19% [4]. - Taihe Co., Ltd. reported operating revenue of 2.413 billion yuan, a 23.15% increase, with a net profit of 182.1536 million yuan, up 72.2% [2]. - Zhonggang Tianyuan's operating revenue was 1.517 billion yuan, a 16.94% increase, with a net profit of 146.8639 million yuan, up 43.07% [2]. - Xiyu Co., Ltd. reported operating revenue of 21.093 billion yuan, a 12.35% increase, with a net profit of 1.0618828 billion yuan, up 32.76% [2]. - Kelaike Co., Ltd. achieved operating revenue of 549 million yuan, a 5.39% increase, with a net profit of 28.2786 million yuan, up 21.81% [2]. Group 2: Industry Trends - The demand for digitalization and intelligent transformation in financial institutions is driving the growth of Anshuo Information's business [3]. - Jiuyuan Yinhai's revenue growth was significantly supported by the smart city sector, which saw a 409.88% increase in revenue [3]. - Juxin Technology's performance was bolstered by strong AI technology advancements and increased R&D investment [4]. - The upcoming peak of semi-annual report disclosures is expected to include over 3,700 listed companies, with significant firms like Agricultural Bank of China and Midea Group scheduled to report [6].