拓尔思8月20日披露半年报，公司上半年实现营业收入2.45亿元，同比下降38.36%；归属于上市公司股 东的净利润亏损7363.12万元，上年同期盈利5981.16万元；基本每股收益-0.0843元。 ...

拓尔思信息技术股份有限公司 2025 年半年度报告全文 拓尔思信息技术股份有限公司 2025 年半年度报告 2025-042 2025 年 8 月 21 日 1 拓尔思信息技术股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人李渝勤、主管会计工作负责人林义及会计机构负责人(会计主 管人员)林义声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本年度报告中涉及未来计划或规划等前瞻性陈述的，均不构成公司对投 资者的实质承诺，投资者及相关人士均应对此保持足够的风险认识，并且应 当理解计划、预测与承诺之间的差异，敬请投资者注意投资风险。 公司在本报告第三节"管理层讨论与分析"中"十、公司面临的风险和应对 措施"部分，详细描述了公司经营中可能存在的风险及应对措施，敬请投资者 关注相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 拓尔思信息技术股份有限公司 202 ...

热门ETF方面，聚焦数据安全领域的大数据产业ETF（516700）场内价格盘中涨超2.2%，现涨1.63%，冲击日线4连阳！ 今日（8月14日）国产替代方向强势崛起！国投智能20CM涨停！中科曙光涨超7%获主力资金净流入18亿元，荣登A股吸金榜第二；曙光数创亦涨逾7%，中 国长城、拓尔思、神州泰岳等个股跟涨。 聚焦数据安全领域的大数据产业ETF（516700）被动跟踪中证大数据产业指数，重仓数据中心、云计算、大数据处理等细分领域，权重股汇聚中科曙光、科 大讯飞、紫光股份、浪潮信息、中国长城、中国软件等龙头股，看好科技自主可控方向的投资者，或可重点关注这三方面的催化： 风险提示：大数据产业ETF被动跟踪中证大数据产业指数，该指数基日为2012.12.31，发布于2016.10.18，指数成份股构成根据该指数编制规则适时调整，其 回测历史业绩不预示指数未来表现。本文中提及的指数成份股仅作展示，个股描述不作为任何形式的投资建议，也不代表管理人旗下任何基金的持仓信息和 交易动向。基金管理人评估的该基金风险等级为R3-中风险，适宜平衡型（C3）及以上的投资者，适当性匹配意见请以销售机构为准。任何在本文出现的信 息（包括 ...

Group 1 - The core viewpoint of the news highlights the strong rise of domestic alternatives in the market, with notable stock performances such as Guotou Intelligent hitting a 20% limit up and Zhongke Shuguang increasing over 7% with a net inflow of 1.8 billion yuan from main funds [1][3] - The National Data Bureau reported significant advancements in China's digital infrastructure, with 4.55 million 5G base stations and 226 million gigabit broadband users expected by June 2025, positioning China as a global leader in this sector [3] - The AI technology and large model iterations are accelerating, presenting challenges to traditional security paradigms, and emphasizing the need for a "trustworthy, controllable, and secure" digital foundation [3] Group 2 - The Big Data Industry ETF (516700) focuses on data security and has seen a price increase of over 2.2% during trading, indicating strong market interest in this sector [1][3] - Key catalysts for investment in the technology self-reliance direction include high-level calls for "technology to take the lead," the activation of digital productivity through top-level design, and the acceleration of the domestic substitution process [3] - The market for AI and security integration is vast, with significant opportunities in various sectors such as industry, education, healthcare, finance, and law [3]

云计算ETF沪港深（517390）紧密跟踪中证沪港深云计算产业指数（931470.CSI），同时布局港股的互 联网企业，A股算力企业和A股的计算机龙头。该ETF还配有场外联接基金（A类：019171/C类： 019170）。 消息面上，国家发展改革委党组成员、国家数据局局长刘烈宏8月14日在国新办举行的"高质量完成'十 四五'规划"系列主题新闻发布会上介绍，"十四五"时期我国数字基础设施实现长足发展。我国数字基础 设施在规模、技术等方面处于世界领先地位，截至2025年6月底，5G基站总数达到455万个，千兆宽带 用户达2.26亿户，算力总规模位居全球第二，有力带动经济社会发展。 中邮证券表示，以AppLovin、Palantir为代表的海外AI应用软件公司财报超预期，预示着AI商业化加 速。我们认为，近期海外算力侧需求持续提升，应用侧业绩逐步兑现，反映出AI商业化已取得阶段性 进展，建议关注国内AI+教育、医疗、金融等垂类方向及企业级AI agent落地。 计算机ETF（159998）跟踪中证计算机主题指数（930651.CSI）。该指数以中证全指为样本空间，选取 涉及信息技术服务、应用软件、系统软件、电脑硬 ...

行业主要上市公司：科大讯飞 ( 002230 ) 、第四范式 ( 06682 ) 、拓尔思 ( 300229 ) 、用友网络 ( 600588 ) 、 云从科技 ( 688327 ) 、出门问问 ( 02438 ) 、迈富时 ( 02556 ) 等 本文核心数据：人工智能代理竞争派系，竞争分布热力图，市场集中度等 1、中国人工智能代理行业竞争派系 中国人工智能代理行业已经形成了较为清晰的竞争梯队，头部效应显著，而垂直领域和新兴企业正在快速崛 起中，其中竞争派系主要分为三个梯队：科技巨头类企业、垂直领域类企业、创新初创型企业。 从各梯队的代表性企业上来看，在不同梯度上的企业实际上的关键业务布局方向并不统一，企业之间更多以 差异化布局来实现技术上的突破，同时在科技巨头和垂直类领域的布局上更注重对 B 端和较为专业的市 场，这是由于企业本身所持有的技术布局和壁垒决定的。相反，初创企业则更注重对 C 端的市场，通过开 源吸引专业领域平台的一些技术人员，变现则靠相对技术水平没有那么高的付费用户。 | 梯队 | 代表企业 | 核心业务 | 关键数据 | | --- | --- | --- | --- | | | 更盛田 ...

| 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 脑机接口 | 2.37 | PEEK材料 | -1.58 | | 光刻机 | 2.26 | 稀土永磁 | -1.53 | | 中国AI 50 | 2.01 | MLOps概念 | -1.39 | | 国家大基金持股 | 1.83 | 动物疫苗 | -1.34 | | 光刻胶 | 1.68 | 重组蛋白 | -1.14 | | 深圳国企改革 | 1.56 | 转基因 | -1.12 | | 牙科医疗 | 1.51 | DRG/DIP | -1.12 | | 液冷服务器 | 1.46 | 细胞免疫治疗 | -1.10 | | 光纤概念 | 1.43 | 培育钻石 | -1.04 | | 共封装光学(CPO) | 1.42 | 航空发动机 | -1.03 | 截至8月12日收盘，MLOps概念下跌1.39%，位居概念板块跌幅榜前列，板块内，奥比中光、拓尔思、 新炬网络等跌幅居前，股价上涨的有4只，涨幅居前的有光环新网、中科创达、创意信息等，分别上涨 1.24%、0.58%、0.35%。 今日涨 ...

截至8月12日午后一小时，主力资金流出前20的股票分别为：北方稀土（-8.27亿元）、盛和资源（-6.25 亿元）、天齐锂业（-5.95亿元）、长城军工（-5.77亿元）、航天科技（-5.38亿元）、中航沈飞（-5.24 亿元）、金发科技（-5.19亿元）、际华集团（-5.16亿元）、兴森科技（-4.47亿元）、赛诺医疗（-4.05 亿元）、中国稀土（-3.89亿元）、包钢股份（-3.84亿元）、禾望电气（-3.81亿元）、西藏天路（-3.63 亿元）、内蒙一机（-3.61亿元）、景旺电子（-3.35亿元）、拓尔思（-3.14亿元）、大族激光（-3.13亿 元）、北方导航（-3.01亿元）、上海瀚讯（-2.84亿元）。 本文源自：金融界 作者：金股通 ...

Core Insights - The demand for high-quality AI training data has surged due to the rise of large models, leading to increased costs for data service providers [1][2] - The market for AI pre-training data services is projected to reach 16 billion yuan by 2027, with a compound annual growth rate of 28.9% over five years [2] - Companies are facing pressure on their financial performance as they invest heavily in large model development, raising concerns about the return on investment [7][8] Group 1: Opportunities - The explosion of large models has created a significant demand for high-quality data across various industries, prompting AI data service companies to secure partnerships with large model developers and research institutions [2][3] - Major AI data service companies in China have announced collaborations with large model firms, indicating a robust market for high-quality data sets [3] - The need for diverse and complex data requirements has increased, as clients seek advanced capabilities from large models [3] Group 2: Costs - The costs associated with data services have risen significantly due to the need for enhanced computational power and skilled labor [4][5] - Data service providers are now required to invest in more powerful hardware and hire highly educated personnel, which has led to increased operational costs [5][6] - The shift from low-cost labor to a more skilled workforce for data annotation has further escalated costs, with companies now seeking university graduates or higher [5][6] Group 3: Challenges - Despite the enthusiasm for large models, AI data service companies are experiencing financial strain, as reflected in their quarterly reports [7][8] - Regulatory scrutiny has increased, with companies receiving inquiries about the necessity of their fundraising efforts for large model projects [7][8] - The current market for large models is still in its infancy, and the full potential for data demand has yet to be realized, leading to uncertainty about future revenue [8][9] Group 4: Industry Outlook - The data industry is viewed as a long-term investment, with companies encouraged to be patient as they build capabilities and market presence [9][10] - The emergence of large models is seen as a positive development for the data industry, with expectations for rapid growth in pre-training data demand as applications become more widespread [10]

Core Insights - The article highlights the top 20 stocks experiencing significant outflows of main capital as of August 12, with notable amounts for each company [1] Group 1: Major Capital Outflows - Northern Rare Earth saw an outflow of 0.702 billion yuan [1] - Tianqi Lithium experienced a capital outflow of 0.545 billion yuan [1] - Great Wall Military Industry had an outflow of 0.531 billion yuan [1] - Jinfeng Technology faced a capital outflow of 0.522 billion yuan [1] - Aerospace Science and Technology saw an outflow of 0.498 billion yuan [1] - Shenghe Resources experienced a capital outflow of 0.486 billion yuan [1] - AVIC Shenyang Aircraft Company had an outflow of 0.466 billion yuan [1] - Jihua Group faced a capital outflow of 0.420 billion yuan [1] - China Rare Earth experienced an outflow of 0.350 billion yuan [1] - Hezhong Electric saw an outflow of 0.346 billion yuan [1] - Sino Medical Sciences experienced a capital outflow of 0.343 billion yuan [1] - Huasheng Tiancheng faced an outflow of 0.338 billion yuan [1] - Xingsen Technology saw an outflow of 0.329 billion yuan [1] - Tuolisi experienced a capital outflow of 0.320 billion yuan [1] - Inner Mongolia First Machinery Group had an outflow of 0.295 billion yuan [1] - Jingwang Electronics faced an outflow of 0.290 billion yuan [1] - Northern Navigation experienced a capital outflow of 0.285 billion yuan [1] - Ganfeng Lithium saw an outflow of 0.257 billion yuan [1] - Anke Biotechnology faced an outflow of 0.250 billion yuan [1] - Baogang Group experienced a capital outflow of 0.243 billion yuan [1]