Group 1 - The core announcement is about the upcoming event titled "Zhengtong Renhe, Baiye Juxing - 'Renhe Large Model 2.0' Industry Intelligent Agent Release Conference" scheduled for October 30, 2025 [1] - The focus of the conference will be on the integration and practical application of large model technology in smart city governance [1]

Core Viewpoint - Digital Zhengtong (300075.SZ) is set to hold a conference on October 30, 2025, focusing on the launch of the "Renhe Large Model 2.0" industry AI agent, emphasizing the integration of large model technology in smart city governance [1] Group 1: AI Agent Capabilities - The "Renhe Large Model 2.0" industry AI agent includes three foundational AI agents: Intelligent Query Agent, Intelligent Report Agent, and Wukong Brain Agent [1] - The Intelligent Query Agent leverages over 20 years of management experience from more than 5,000 projects, integrating production data and enhancing statistical results through a comprehensive indicator and rule library [1] - The Intelligent Report Agent transforms data into deep insights and decision-making value, creating a knowledge base that covers data indicators, root cause analysis, and management recommendations [2] Group 2: Urban Governance Applications - The Wukong Brain Agent consolidates experience from over 300 city brain projects, enabling intelligent control of urban management through natural language interaction and data insights [2] - The "Renhe Large Model 2.0" industry AI agent drives urban governance from reactive measures to proactive warnings, enhancing efficiency in various sectors such as construction waste management and administrative law enforcement [2] - The initiative aims to develop a proactive protection system for urban lifelines, enabling efficient hazard detection and pipeline service life warnings [2]

Core Insights - Digital Zhengtong (300075.SZ) announced the upcoming release of the "Renhe Large Model 2.0" industry AI agent on October 30, 2025, focusing on the integration of large model technology in smart city governance [1] - The launch signifies a transition from pilot applications of AI technology to a comprehensive promotion of "governance productivity" through the development of a "data algorithm-application" technology matrix [1] Group 1: AI Agent Capabilities - The "Renhe Large Model 2.0" includes three foundational AI agents: Intelligent Query Agent, Intelligent Report Agent, and Wukong Brain Agent [1] - The Intelligent Query Agent leverages over 20 years of management experience from more than 5,000 projects, facilitating rapid data retrieval and precise analysis by constructing a metrics and rules database [2] - The Intelligent Report Agent transforms data into deep insights and decision-making value, creating a comprehensive knowledge base that enables multi-dimensional analysis and customized reporting [2] Group 2: Urban Governance Applications - The Wukong Brain Agent consolidates experience from over 300 city brain projects, enabling intelligent control of urban management through natural language interaction and data insights [2] - The "Renhe Large Model 2.0" also includes industry agents across five key areas of urban governance, shifting from reactive management to proactive warning systems [2] - Specific applications include efficient regulation of construction waste, a closed-loop supervision model for administrative law enforcement, proactive safety management systems, intelligent applications for public service hotlines, and the development of smart low-altitude governance [2]

Core Viewpoint - The release of "Renhe Large Model 2.0" industry intelligent agent marks a significant milestone for the company, showcasing the integration of AI technology in smart city governance and the transition from pilot demonstrations to widespread application of "governance productivity" [1][2] Group 1: Product Launch and Technology Integration - The "Renhe Large Model 2.0" focuses on the deep integration of large model technology in smart city governance, indicating a technological upgrade and a shift in governance logic [1] - The new product is based on the company's extensive experience in urban governance, combining data resources with cutting-edge large model technology to drive business model innovation [2] Group 2: Business Model Transformation - The company is transitioning from a traditional "project-based" software provider to a "platform + operation" service provider, with the AI agent as a core product [2] - The AI agent is expected to provide stable and sustainable subscription revenue, enhancing the company's profitability and market value [2] Group 3: Collaboration and Ecosystem Development - The company has partnered with several industry leaders to launch four joint solutions that integrate "Renhe Large Model 2.0" with partner products, marking a new phase in the smart city ecosystem collaboration [2] - The application scenarios of "Renhe Large Model 2.0" align closely with the guidelines issued by the Central Cyberspace Affairs Commission and the National Development and Reform Commission, indicating a strategic fit with national policies [1]

Core Viewpoint - The release of "Renhe Large Model 2.0" industry intelligent agent marks a significant milestone for the company, showcasing the integration of AI technology in smart city governance and the transition from pilot demonstrations to widespread application of "governance productivity" [1][2] Group 1: Product Launch and Technology Integration - The "Renhe Large Model 2.0" focuses on the deep integration of large model technology in smart city governance, indicating a technological upgrade and a shift in urban governance concepts [1] - The new product is based on the company's extensive experience in urban governance, combining data resources with cutting-edge large model technology to drive business model innovation [2] Group 2: Business Model Transformation - The company is transitioning from a traditional "project-based" software provider to a "platform + operation" service provider, with the AI agent as a core product [2] - The AI agent is expected to provide stable and sustainable subscription revenue, enhancing the company's profitability and market value [2] Group 3: Collaboration and Ecosystem Development - The company has partnered with several industry leaders to launch four joint solutions that integrate "Renhe Large Model 2.0" with partner products, marking a new phase in the smart city ecosystem collaboration [2] - The application scenarios of "Renhe Large Model 2.0" align closely with the guidelines issued by the Central Cyberspace Affairs Commission and the National Development and Reform Commission, indicating a strategic fit with national policies [1]

一、新产品介绍 北京数字政通科技股份有限公司 关于公司发布新产品的公告 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，无虚 假记载、误导性陈述或重大遗漏。 重要内容提示： 本次推出的新产品存在技术风险和市场风险，未来的市场规模和实际收益情况取决 于市场推广的进度、市场接受程度等因素，公司尚无法准确预测对公司经营业绩的影响 情况，请广大投资者理性投资，注意投资风险。 北京数字政通科技股份有限公司（以下简称"公司"或"数字政通"）于 2025 年 10 月 30 日召开"政通人和，百业具兴——'人和大模型 2.0'行业智能体发布会"， 本次发布会以"大模型智能体（AI agent）"为核心，聚焦大模型技术在智慧城市治理 中的深度融合与实战落地。"人和大模型 2.0"行业智能体的全新发布，标志着数字政 通从应用 AI 技术开展试点示范到全面推广"治理生产力"的新跨越，通过构建"数据- 算法-应用"智能体研发技术矩阵，加速智慧城市领域 AI Agent 落地应用。 "人和大模型 2.0"行业智能体的发布，不仅是一次技术的升级，更是数字政通推 动城市治理理念更新和治理逻辑变革的新的里程碑。未来，数字政通将继 ...

Core Viewpoint - The "street vendor economy" sector saw a 0.55% increase on October 24, with Penghui Energy leading the gains. The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1]. Group 1: Market Performance - The street vendor economy sector's stocks showed varied performance, with Penghui Energy (300438) closing at 38.39, up 12.19%, and a trading volume of 675,000 shares, amounting to 2.528 billion yuan [1]. - Other notable performers included Haorun Technology (002963) with a 6.30% increase, Digital Zhengtong (300075) up 5.65%, and Guoen Co., Ltd. (002768) rising by 5.17% [1]. Group 2: Capital Flow - The street vendor economy sector experienced a net outflow of 209 million yuan from institutional investors, while retail investors saw a net inflow of 293 million yuan [2]. - The capital flow data indicates that Penghui Energy had a net inflow of 172 million yuan from institutional investors, while Digital Zhengtong faced a net outflow of 440 million yuan from retail investors [3].

每经头条（nbdtoutiao）——展望"十五五"|专访贺铿：必须改变以往将资金过度集中于房屋建设和基础 设施建设的倾向，更加突出民生领域投入 （记者 张明双） 2025年1至6月份，数字政通的营业收入构成为：智慧城市管理领域占比100.0%。 截至发稿，数字政通市值为97亿元。 每经AI快讯，数字政通（SZ 300075，收盘价：15.56元）10月22日晚间发布公告称，公司第六届第八次 董事会会议于2025年10月22日在公司会议室召开。会议审议了《关于公司2025年第三季度报告的议案》 等文件。 ...

Core Viewpoint - Digital政通 (300075.SZ) reported a year-on-year increase in operating revenue for Q3 2025, but also posted a significant net loss attributable to shareholders [1] Financial Performance - The operating revenue for Q3 2025 was 199 million yuan, representing a year-on-year increase of 25.40% [1] - The net profit attributable to shareholders was -33.51 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -30.43 million yuan [1]

Group 1 - The core viewpoint of the article is that Digital政通 (300075) reported its Q3 2025 financial results, showing significant growth in revenue despite a net loss [1] - The company achieved operating revenue of 199 million yuan in Q3 2025, representing a year-on-year increase of 25.40% [1] - The net profit for the same period was a loss of 33.51 million yuan, which is an improvement of 34.88% compared to the previous year [1]