Core Viewpoint - The event organized by Panoramic Network and participated by Ping An Securities highlighted the growth potential of Guotou Intelligent in the digital economy, driven by AI large models and new infrastructure initiatives [1][2]. Group 1: Company Overview - Guotou Intelligent has transformed from a "network security expert" to a "national team in digital economy" since the entry of Guotou Group in 2019, aiming to become a global leader in data intelligence and security services [3]. - The company has achieved a market share of over 55% in electronic data forensics, with a gross margin of 60%, and is focused on public safety big data as a core business [3]. Group 2: Technological Advancements - Guotou Intelligent's flagship product, "Forensic Cube," has accumulated sales exceeding 1 billion yuan, and its public safety model "Tianqing" is among the first AI products to be registered with the National Cyberspace Administration [2][3]. - The company has established a computing power cluster exceeding 100P and is involved in the formulation of 16 international AI standards, creating a closed-loop from computing power to technology, products, and applications [4]. Group 3: Strategic Initiatives - The company is advancing its "All IN AI" strategy, focusing on AI safety and digital transformation for state-owned enterprises, positioning itself as a digital economy infrastructure operator [4][5]. - Guotou Intelligent's dual-engine layout of "large models + AI safety" is expected to be a key driver for performance growth amid the accelerating new infrastructure wave [4]. Group 4: Investor Engagement - The "Value Discovery Journey" series aims to facilitate direct communication between investors and company executives, enhancing transparency and understanding of the company's core value [5]. - Investors expressed that such in-depth research activities showcase the professional service capabilities of financial institutions and provide insights into the core value of listed companies [2].

证券日报网讯国投智能（300188）7月31日在互动平台回答投资者提问时表示，截至当前，公司暂未参 与雅鲁藏布江下游水电开发工程的项目。 ...

Market Overview - The digital economy sector experienced a decline of 1.51% on July 30, with Guotou Intelligent leading the drop [1] - The Shanghai Composite Index closed at 3615.72, up 0.17%, while the Shenzhen Component Index closed at 11203.03, down 0.77% [1] Top Performers in Digital Economy Sector - Nanfang Road Machinery (603280) closed at 49.87, up 9.99% with a trading volume of 133,000 shares and a transaction value of 636 million [1] - Dongjie Intelligent (300486) closed at 11.05, up 9.19% with a trading volume of 526,600 shares and a transaction value of 573 million [1] - Yue Media (002181) closed at 7.57, up 5.73% with a trading volume of 1,624,000 shares and a transaction value of 1.199 billion [1] Underperformers in Digital Economy Sector - Guotou Intelligent (300188) closed at 17.75, down 9.67% with a trading volume of 1,006,600 shares and a transaction value of 1.824 billion [2] - Tianyang Technology (300872) closed at 25.36, down 8.41% with a trading volume of 690,800 shares and a transaction value of 1.796 billion [2] - Sifang Jingchuang (300468) closed at 40.88, down 7.95% with a trading volume of 878,400 shares and a transaction value of 3.674 billion [2] Capital Flow Analysis - The digital economy sector saw a net outflow of 12.407 billion from main funds, while retail investors contributed a net inflow of 10.382 billion [2] - Speculative funds recorded a net inflow of 2.025 billion [2] Individual Stock Capital Flow - Shenzhou Taiyue (300002) had a main fund net inflow of 2.72 billion, but a net outflow from speculative and retail investors [3] - Zhongwen Online (300364) experienced a main fund net inflow of 2.45 billion, with significant outflows from both speculative and retail investors [3] - Nanfang Road Machinery (002757) saw a main fund net inflow of 107 million, while speculative and retail investors had outflows [3]

证券之星消息，7月30日软件开发板块较上一交易日下跌1.65%，国投智能领跌。当日上证指数报收于 3615.72，上涨0.17%。深证成指报收于11203.03，下跌0.77%。软件开发板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 688095 | 福听软件 | 78.69 | 2.86% | 4.70万 | | 3.71亿 | | 688171 | 纬德信息 | 37.97 | 2.84% | 1.87万 | 6887.43万 | | | 300253 | 卫宁健康 | 10.79 | 2.76% | 152.96万 | | 16.37亿 | | 600455 | 博通股份 | 28.55 | 1.89% | 2.72万 | 7838.46万 | | | 688168 | 安博通 | 77.38 | 1.71% | 1.88万 | | 1.46亿 | | 688615 | 合合信息 | 183.64 | 1.47% | 2.39万 | | 4.35亿 | ...

Core Viewpoint - The A-share market experienced a significant decline in military stocks, with several companies hitting their daily limit down or showing substantial losses [1][2]. Company Performance Summary - **Shenli Co., Ltd. (603819)**: Closed down 10.01%, total market value at 2.896 billion, year-to-date increase of 8.12% [2]. - **Jianshe Industry (002265)**: Near limit down at -9.30%, total market value at 40.4 billion, year-to-date increase of 67.98% [2]. - **Guotou Intelligent (300188)**: Decreased by 8.65%, total market value at 15.4 billion, year-to-date increase of 30.17% [2]. - **China Electric Xilong (002298)**: Dropped by 6.72%, total market value at 5.447 billion, year-to-date increase of 38.35% [2]. - **Fiyada (000026)**: Fell by 5.31%, total market value at 6.87 billion, year-to-date increase of 68.00% [2]. - **Liujiu 12 (301592)**: Decreased by 5.21%, total market value at 11.2 billion, year-to-date increase of 10.66% [2]. - **Boyun New Materials (002297)**: Down by 5.09%, total market value at 5.559 billion, year-to-date increase of 40.99% [2]. - **Xuguang Electronics (600353)**: Dropped by 5.03%, total market value at 10.6 billion, year-to-date increase of 78.72% [2]. - **Hongdu Aviation (600316)**: Decreased by 4.96%, total market value at 30.4 billion, year-to-date increase of 31.92% [2]. - **Inner Mongolia First Machinery (600967)**: Fell by 4.63%, total market value at 35 billion, year-to-date increase of 143.18% [2]. - **Midian Co., Ltd. (600184)**: Decreased by 4.38%, total market value at 11.5 billion, year-to-date increase of 90.60% [2]. - **Kaige Precision Machinery (301338)**: Dropped by 4.24%, total market value at 4.992 billion, year-to-date increase of 51.17% [2]. - **Modern Gold (300830)**: Fell by 4.12%, total market value at 4.405 billion, year-to-date increase of 26.09% [2]. - **Changwo Tong (688143)**: Decreased by 4.01%, total market value at 5.101 billion, year-to-date increase of 89.51% [2].

这几只票暗盘资金正在偷偷流入，立即查看>> 鸿蒙概念板块短线走低，国投智能（300188）跌超7%，延华智能（002178）、达华智能（002512）、 金现代（300830）、汉王科技（002362）等跟跌。 ...

Core Insights - The software development sector experienced a significant increase of 2.98% on July 29, with Guotou Intelligent leading the gains [1] - The Shanghai Composite Index closed at 3609.71, up 0.33%, while the Shenzhen Component Index closed at 11289.41, up 0.64% [1] Stock Performance - Guotou Intelligent (300188) closed at 19.65, with a rise of 18.52% and a trading volume of 1.41 million shares, amounting to a transaction value of 2.647 billion yuan [1] - Hengsheng Electronics (600570) saw a closing price of 37.82, up 10.01%, with a trading volume of 1.64 million shares and a transaction value of 5.978 billion yuan [1] - Other notable performers included Guangliwei (301095) with a 7.78% increase, closing at 61.91, and Information Development (300469) with a 7.62% rise, closing at 46.91 [1] Declining Stocks - Zhizhen Technology (003007) experienced a decline of 9.82%, closing at 39.05, with a trading volume of 184,000 shares [2] - Weide Information (688171) fell by 4.89%, closing at 36.92, with a trading volume of 22,000 shares [2] - Other stocks that declined included ST Huike (300561) down 3.52% and Duolun Technology (603528) down 2.98% [2] Capital Flow - The software development sector saw a net outflow of 1.375 billion yuan from major funds, while retail investors contributed a net inflow of 1.712 billion yuan [2]

Summary of Guotou Intelligent's Conference Call Company Overview - Guotou Intelligent has undergone a name change to eliminate "Xiamen" from its title, aiming to clarify its positioning as a central enterprise and enhance its image in the national and international markets [3][20]. Key Industry Insights - The company reported a **42% year-on-year increase** in new orders for the first half of 2025, driven by significant opportunities in **5G** and public safety big data [2][3]. - The public safety big data and enterprise digitalization sectors saw growth exceeding **100%** [2][3]. - The company secured a **5G platform project** in Guangdong with a bid amount of **132 million yuan**, expected to be completed by Q4 [2][4]. Product and Technology Developments - Guotou Intelligent launched **11 new AI-powered evidence collection applications**, enhancing existing products like Super Cube and Super Elf [2][5]. - The company developed four new confidentiality inspection products for disciplinary inspection commissions, receiving recognition from national leadership [5]. - The **Starfire Platform** and **Evidence Cloud Platform** have been established to improve efficiency in evidence collection and analysis [5]. Market Position and Achievements - Guotou Intelligent holds over **50% market share** in the public safety big data sector, with successful bids in cities like Guangzhou and Beijing [6][7]. - The company has deployed the **Smart Xiaomei Police Assistant** and various intelligent interfaces in over **20 provinces**, creating more than **500 premium intelligent agents** [7]. - The **Tianqing V5 model** focuses on case analysis and command dispatch, enhancing the company's reputation in the public safety sector [7]. AI and Security Initiatives - The company has introduced AI security products that have helped recover over **30 billion yuan** in losses through its anti-fraud data platform [8]. - Guotou Intelligent is establishing a comprehensive anti-fraud product system, with a model in Guizhou serving as a national template [8]. Business Expansion and Partnerships - The company signed strategic agreements with two mobile manufacturers to embed its SDK in new smartphones, targeting sales of **50,000 to 100,000 units** per model [11][19]. - Guotou Intelligent is exploring the application of anti-fraud technology in both B2B and B2C markets, with plans to offer a monthly service fee model [12]. Financial Performance and Projections - Despite a loss of over **400 million yuan** last year, the company expects double-digit revenue growth in 2025, supported by new and existing orders [20]. - The company is focusing on cost control and efficiency improvements to enhance profitability [21]. Challenges and Strategic Responses - The electronic data collection business has faced revenue declines, prompting the company to explore new technologies and expand into emerging markets [23][24]. - Guotou Intelligent is addressing underperformance in subsidiaries by enhancing collaboration and leveraging resources from the parent company [25]. Future Outlook - The company anticipates significant growth opportunities driven by the upcoming **15th Five-Year Plan**, focusing on AI integration across various sectors [31]. - The public safety big data business is expected to benefit from the rollout of **5G projects**, with a projected market size in the tens of billions of yuan [32]. Conclusion - Guotou Intelligent is committed to innovation and quality, as evidenced by its new office space designed to showcase its AI applications and products [34].

华西证券（002926）指出，今年WAIC会议，相较于2024年，将呈现出更多全球化、多元化、商业化等 特点，行业加速在各个场景实现落地，大模型与Agent等技术加速变现至生产力要素上。民生证券认 为，伴随WAIC2025盛大召开，我国数字经济发展正在从"互联网+"的广泛连接阶段，向着"人工智能 +"的创新引领阶段持续迈进，在年初《政府工作报告》重点提及"人工智能+"的催化下，当前相关政策 进入井喷期，"人工智能+行业应用"正在加速落地，未来有望重现"互联网+行业应用"的高景气发展。 AI大模型继续狂飙，商业化AI产品应用落地加速，算力需求居高不下，AI产业链迎来新一阶段的催 化，叠加政策扶持数字经济力度不减，云计算50ETF(516630)覆盖的光模块CPO、数据中心IDC、AI服 务器等热门算力板块的景气度有望持续上升。 截至7月28日收盘，A股三大指数集体收涨。上证指数收报3597.94点，涨0.12%；深证成指收报11217.58 点，涨0.44%；创业板指收报2362.6点，涨0.96%。盘面上，PCB等算力硬件股走强，影视股表现活跃， 电子元件、PEEK材料、保险等板块领涨。近期热度较高的云计算5 ...

Group 1 - High Energy Environment reported a net profit of 502 million yuan for the first half of 2025, an increase of 20.85% year-on-year, while revenue decreased by 11.20% to 6.7 billion yuan [1] - Angel Yeast plans to acquire 55% of Shengtong Sugar Industry for 506 million yuan, which will make Shengtong a subsidiary [1] - Wentech Technology's shareholders plan to reduce their holdings by up to 1% of the company's shares, amounting to approximately 12.45 million shares [1][2] Group 2 - *ST Zhengping clarified that it is not involved in the Yarlung Zangbo River downstream hydropower project, despite market speculation [2] - Aidi Te announced that two shareholders plan to reduce their holdings by up to 3% of the company's shares, totaling approximately 319,690 shares [3] - *ST Baoying intends to publicly transfer 50.1% of its stake in Danhua Renewable Energy for an initial price of 30 million yuan, expecting a loss of about 29.4 million yuan [5] Group 3 - Yaoji Technology's controlling shareholder plans to reduce their holdings by up to 3% of the company's shares, approximately 1.25 million shares [6] - China Haicheng reported a net profit of 152 million yuan for the first half of 2025, an increase of 8.52% year-on-year, with total revenue of 2.745 billion yuan [8] - Shenzhou Information's major shareholder plans to reduce their holdings by up to 0.97%, approximately 9.5 million shares [9] Group 4 - Betaini's major shareholder plans to reduce their holdings by up to 2%, approximately 842,590 shares [10] - Guotou Intelligent's shareholders plan to reduce their holdings by up to 1.35%, approximately 11.59 million shares [12] - Shen Shui Institute confirmed it is not participating in the Yarlung Zangbo River downstream hydropower project [14] Group 5 - Xidi Micro announced a risk of losing control over its subsidiary Zinitix due to alleged misconduct by current directors [15] - Tiantian Technology's controlling shareholder plans to reduce their holdings by up to 3%, approximately 38.95 million shares [17] - Ningbo Color Master announced a plan to reduce holdings by up to 1.38%, approximately 231,550 shares [19] Group 6 - Dongguan Holdings plans to publicly transfer 20% of its stake in Dongguan Songshan Lake Microfinance Company for a base price of 48.12 million yuan [21] - Bohai Leasing's subsidiary Avolon intends to purchase 15 A330NEO and 75 A321NEO aircraft from Airbus [22] - Dongfang Fortune reported that shareholder Shen Yougen's stake has decreased to 0.19% after transferring 158.8 million shares [23] Group 7 - Quanzhu Co. plans to raise up to 180 million yuan through a private placement to fund AI-based projects [24] - Zhongjin Gold announced that its subsidiary in Inner Mongolia has ceased operations following a tragic incident [25] - *ST Xinchao has changed its chairman and legal representative, appointing Zhang Junyu as the new chairman [27]