证券代码：300229 证券简称：拓尔思 公告编号：2025-041 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监会指定媒体仔细阅读半年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 □适用 √不适用 公司计划不派发现金红利，不送红股，不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 一、重要提示 二、公司基本情况 1、公司简介 ■ 2、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 √否 ■ 3、公司股东数量及持股情况 单位：股 ■ 持股5%以上股东、前10名股东及前10名无限售流通股股东参与转融通业务出借股份情况 □适用 √不适用 公司是否具有表决权差异安排 □是 √否 4、控股股东或实际控制人变更情况 控股股东报告期内变更 □适用 √不适用 公司报告期控股股东未发生变更。 实际控制人报告期内变更 □适用 √不适用 公司报告期实际控制人未发生变更。 前10名股东及前10名无限售流通股股东因 ...

Summary of the Conference Call for Tuolisi Company Overview - **Company**: Tuolisi - **Industry**: AI and Data Solutions Key Points Financial Performance - In the first half of 2025, Tuolisi's revenue was under pressure due to external environment and seasonal factors, but the public safety business remained stable. Cost reduction measures led to a decrease in operating expenses by 21.65 million yuan and procurement expenses, effectively alleviating pressure [2][3] - Operating cash flow net amount reached 37.788 million yuan, an increase of 42.54 million yuan year-on-year, representing a growth of 895% [3] Research and Development - Tuolisi maintained high R&D investment in AI and data sectors, with a research expense ratio of 27.3%, totaling 144 million yuan. Focus areas include overseas enterprise-level big data and intelligent analysis products, multimodal large models, intelligent applications, and global data collection [2][5] - The company upgraded its AI product development, deploying over 300 AI agent projects across various sectors including finance, public security, and government [6] Data Asset and Service Capability - Tuolisi enhanced its data asset and industrialization service capabilities, expanding global multilingual information collection and improving data governance quality. The company added over 100 new clients, including Gree Electric and New Yuan Co., gaining market recognition for its data resources [7][8] Growth in Security Sector - In the public safety sector, Tuolisi achieved a 61% year-on-year increase in contract amounts, focusing on decision-making support in specialized industries and expanding capabilities in illegal fund tracking and analysis [9] International Expansion - The company made significant progress in its overseas business, successfully renewing a third-phase project in Hong Kong and signing contracts with important clients in Southeast Asia, the Middle East, and Belt and Road countries, expecting rapid growth in 2025 [10][17] Competitive Advantages - Tuolisi's core competitive advantages include self-controlled technology across data, algorithms, and applications, comprehensive service capabilities, deep industry knowledge, high entry barriers in specialized industries, and a solid ecosystem of trusted partners [16] Revenue Recognition and Outlook - Revenue recognition will occur through three models: standardized products upon delivery, customized software based on project acceptance, and SaaS services recognized monthly. The company is optimistic about revenue growth in the second half of the year due to a significant number of projects signed in late 2024 and early 2025 [19] - Management is confident in achieving double-digit growth and maintaining profitability in 2025, driven by AI trends, data business development, and opportunities in international markets and domestic innovation strategies [19]

Group 1: Industry Overview - The artificial intelligence agency industry is an emerging sector in China, with extensive downstream demand and a strong correlation between development stages and R&D investment intensity [1] - Key players in the industry include Keda Xunfei (002230), Fourth Paradigm (06682), Tuolisi (300229), and others, focusing on various applications and solutions [2][3] Group 2: Company Comparisons - Keda Xunfei leads with a significant R&D investment of 4.58 billion yuan in 2024, representing a 19.37% increase year-on-year, with revenue reaching 23.343 billion yuan [4][5] - Fourth Paradigm reported a revenue of 5.261 billion yuan in 2024, a 25.1% increase, with a gross margin of 41.2% [14] - Companies like SenseTime and CloudWalk face challenges with high R&D costs and low revenue, with SenseTime's R&D expense ratio reaching 106% in 2024 [5][6] Group 3: Business Layout and Performance - The industry exhibits a dual pattern of "vertical deepening" and "cross-domain expansion," covering sectors such as finance, education, and healthcare [10][11] - Keda Xunfei's AI education products generated 7.229 billion yuan in revenue, while Fourth Paradigm focuses on risk management in the financial sector [10][14] - CloudWalk's revenue fell by 36.69% to 398 million yuan in 2024, despite a 136% growth in its AI business [14][15] Group 4: Strategic Planning and Future Directions - Keda Xunfei aims to deepen its industry model strategy, focusing on education and healthcare [18] - Fourth Paradigm plans to enhance its AI Agent platform and expand into energy and finance sectors [18] - Companies like CloudWalk are transitioning to become AI service providers, focusing on smart home scenarios [18]

Company Performance - In the first half of 2025, the company reported total revenue of 244.8 million yuan, a year-on-year decrease of 38.36% compared to 397.2 million yuan in the same period last year [2][3] - The net loss attributable to shareholders was 73.6 million yuan, a significant decline from a profit of 59.8 million yuan in the previous year, representing a 223.11% change [2][3] - The net loss after excluding non-recurring gains and losses was 89.4 million yuan, compared to a profit of 36.6 million yuan last year, marking a 344.58% decline [2][3] - The company's total assets at the end of the reporting period were 4.38 billion yuan, down 2.18% from 4.48 billion yuan at the end of the previous year [2][3] - The net assets attributable to shareholders decreased to 4.05 billion yuan, a decline of 1.73% from 4.13 billion yuan [2][3] Industry Overview - The software and information technology services industry in China showed a positive operational trend in 2024, with software business revenue reaching 1.37276 trillion yuan, a year-on-year growth of 10.0% [2] - The total profit in the industry was 169.53 billion yuan, reflecting an 8.7% increase compared to the previous year [2] - Emerging fields such as artificial intelligence, cloud computing, and big data significantly contributed to this growth, with AI applications penetrating 42% of industry applications [2] - The global focus on AI legislation and data security governance is driving the industry towards compliance and efficiency [2] R&D and Technological Advancements - The company has increased its investment in the research and development of industry-specific large models and intelligent agents, upgrading its next-generation AI application platform [4] - The "Tuotian Industry AI Application Intelligent Base" is centered around the Tuotian industry large model, facilitating enterprise-level AI operations through multi-agent collaboration [4][5] - The company boasts a research team of over 900 personnel, with eight R&D institutions established in Beijing, Chengdu, and Guangzhou, and has built three key laboratories in Beijing [5] - The company is involved in over 20 national-level research projects and collaborates with universities and organizations like Xinhua News Agency to create a deep cooperation ecosystem in industry, academia, and research [5]

Group 1 - The company announced that its sixth board of directors held the 22nd meeting, where it approved the special report on the use and storage of raised funds for the first half of 2025 [2]

Group 1 - The core viewpoint of the article highlights the rapid development and diverse applications of the artificial intelligence (AI) agency industry in China, emphasizing the importance of R&D investment and the competitive landscape among key players [1][2][3]. Group 2 - The article provides a summary of major listed companies in the AI agency sector, including Keda Xunfei, Fourth Paradigm, and others, showcasing their business layouts and competitive advantages [1][2]. - Key companies are focusing on vertical fields and leveraging large model technology to create differentiated AI agency products, with leading firms like Keda Xunfei and SenseTime utilizing self-developed large models across multiple scenarios [2][3]. - The industry is characterized by three main features: deep vertical scene implementation, ecological cooperation, and standardization of industry solutions [3]. Group 3 - A comparison of basic information among AI agency companies reveals that some firms excel in specific verticals, while others adopt a cross-domain expansion strategy, covering various sectors such as finance, education, and healthcare [2][10]. - Keda Xunfei's AI learning machine has been a top seller in major e-commerce platforms, with its smart education business generating significant revenue [10]. - Fourth Paradigm has established partnerships with major financial institutions to implement AI solutions in risk control and asset management [10]. Group 4 - R&D investment is a critical factor for success, with Keda Xunfei's R&D expenditure reaching 4.58 billion yuan in 2024, representing a 19.37% increase year-on-year [4][5]. - Some companies, like SenseTime, exhibit high R&D spending but struggle with revenue generation, indicating a mismatch between R&D resources and commercialization capabilities [5][6]. - The proportion of R&D personnel is a key indicator of a company's technological drive, with Keda Xunfei having a significantly higher percentage of R&D staff compared to industry averages [6]. Group 5 - The business performance of AI agency companies varies, with Fourth Paradigm achieving a total revenue of 5.261 billion yuan in 2024, marking a 25.1% year-on-year increase [15]. - In contrast, CloudWalk Technology experienced a revenue decline of 36.69% to 398 million yuan in 2024, despite some segments showing high growth [16]. - Companies like Tuolisi maintain high gross margins despite slower revenue growth, indicating a focus on high-margin customized services [16]. Group 6 - The strategic planning of AI agency companies reflects differentiated approaches in technology investment and product roadmaps, impacting their market positioning and operational efficiency [18]. - Keda Xunfei is pursuing a strategy of deepening its industry model while expanding its presence in education and healthcare [19]. - Fourth Paradigm is focusing on integrating agent technology with world models to enhance its service offerings across various industries [19].

Group 1 - Weicai Technology achieved a net profit of 101 million yuan in the first half of 2025, a year-on-year increase of 831.03% [1] - The company reported an operating income of 634 million yuan, up 47.53% year-on-year, with a basic earnings per share of 0.68 yuan [1] - Weicai Technology specializes in wafer testing, chip finished product testing, and related integrated circuit testing services [1] Group 2 - Changhua Group received a project development notification from a domestic automotive company, with an expected total sales amount of approximately 190 million yuan over an 8-year lifecycle [2] - The project is set to begin mass production in the third quarter of 2026 [2] - Changhua Group focuses on the research, production, and sales of automotive metal components [2][3] Group 3 - Junhe Co. reported a net profit of 30.99 million yuan in the first half of 2025, a year-on-year decrease of 19.53% [3] - The company achieved an operating income of 578 million yuan, up 5.53% year-on-year, with a basic earnings per share of 0.08 yuan [3][4] - Junhe Co. specializes in the research, design, manufacturing, and sales of household water pumps and their accessories [4] Group 4 - Tonghua Jinma reported a net profit of 16.80 million yuan in the first half of 2025, a year-on-year increase of 34.77% [5] - The company achieved an operating income of 650 million yuan, a slight increase of 0.12% year-on-year, with a basic earnings per share of 0.0174 yuan [5] - Tonghua Jinma focuses on the research, production, and sales of pharmaceutical products [5][6] Group 5 - Xing Shuai reported a net profit of 122 million yuan in the first half of 2025, a year-on-year increase of 31.79% [8] - The company achieved an operating income of 1.132 billion yuan, up 8.59% year-on-year, with a basic earnings per share of 0.37 yuan [8] - Xing Shuai specializes in the research, production, and sales of various types of refrigeration compressor thermal protectors, starters, and temperature controllers [8] Group 6 - Ice Wheel Environment reported a net profit of 266 million yuan in the first half of 2025, a year-on-year decrease of 19.71% [9] - The company achieved an operating income of 3.118 billion yuan, down 6.92% year-on-year, with a basic earnings per share of 0.27 yuan [9] - Ice Wheel Environment focuses on the research, design, and sales of artificial environment control technology and energy comprehensive utilization technology [9][10] Group 7 - Jiangsu Huachen reported a net profit of 47.27 million yuan in the first half of 2025, a year-on-year increase of 18.37% [18] - The company achieved an operating income of 938 million yuan, up 40.46% year-on-year, with a basic earnings per share of 0.2901 yuan [18] - Jiangsu Huachen specializes in the research, production, and sales of energy-saving transformers and smart electrical equipment [18] Group 8 - Hanma Technology reported a net profit of 27.73 million yuan in the first half of 2025, reversing from a loss of 153 million yuan in the same period last year [18] - The company achieved an operating income of 2.847 billion yuan, a year-on-year increase of 50.03% [18] - Hanma Technology focuses on the production, research, and sales of heavy trucks, special vehicles, and automotive components [18] Group 9 - Tianyue Advanced announced the listing of its H-shares on the Hong Kong Stock Exchange, raising approximately 1.938 billion HKD [19] - The global offering consisted of 47.7457 million shares, with a price of 42.80 HKD per share [19] - Tianyue Advanced specializes in the research, production, and sales of silicon carbide semiconductor materials [19][20] Group 10 - Kesi Technology signed a sales framework contract worth up to 401 million yuan with Beijing Tianyuan Innovation Technology Co., Ltd. [21] - The contract is valid for two years and involves a comprehensive information integration service project [21] - Kesi Technology focuses on the research, development, manufacturing, and sales of electronic information equipment [21][22]

智通财经APP讯，拓尔思(300229.SZ)发布2025年半年度报告，报告期内，公司实现营业收入2.45亿元， 同比下降38.36%。归属于上市公司股东净亏损7363.12万元。归属于上市公司股东的扣除非经常性损益 净亏损8944.63万元。基本每股亏损0.0843元。 ...

（文章来源：每日经济新闻） 拓尔思（SZ 300229，收盘价：26.33元）8月20日晚间发布公告称，公司第六届第二十二次董事会会议 于2025年8月20日在公司会议室以现场结合通讯表决的方式召开。会议审议了《董事会关于募集资金 2025年半年度存放与使用情况的专项报告》等文件。 2024年1至12月份，拓尔思的营业收入构成为：金融和制造和能源等企业客户占比47.15%，政府及事业 单位占比22.44%，公共安全占比20.57%，互联网和传媒占比9.84%。 ...

（文章来源：每日经济新闻） 拓尔思（SZ 300229，收盘价：26.33元）8月20日晚间发布半年度业绩报告称，2025年上半年营业收入 约2.45亿元，同比减少38.36%；归属于上市公司股东的净利润亏损约7363万元；基本每股收益亏损 0.0843元。 ...