Core Viewpoint - Dingjie Smart (300378.SZ) plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange to enhance its international strategy and optimize overseas business layout [1] Group 1: Company Strategy - The company aims to deepen its international strategy and improve its overseas business operations [1] - The issuance of H-shares is part of the company's overall development strategy to create an international capital operation platform [1] - The initiative is expected to enhance the company's governance and core competitiveness, contributing to high-quality development [1] Group 2: Operational Plans - The company is currently in discussions with relevant intermediaries regarding the issuance of H-shares and the listing process [1] - Details regarding the H-share issuance and listing have not yet been finalized [1] - The board of directors has authorized the management to initiate preliminary preparations for the H-share issuance and listing [1]

Core Viewpoint - Dingjie Zhizhi (300378) plans to issue H-shares overseas and apply for listing on the Hong Kong Stock Exchange, with discussions ongoing with relevant intermediaries regarding the issuance and listing details [1] Group 1 - The company has authorized its management to initiate preliminary preparations for the H-share issuance and listing [1] - Specific details regarding the H-share issuance and listing have not yet been determined [1]

Group 1 - The company Dingjie Zhizhi announced that its 22nd meeting of the fifth board of directors was held on January 14, 2026, to discuss the authorization for the management to initiate the overseas issuance of shares (H-shares) and related preparations for listing on the Hong Kong Stock Exchange [1] Group 2 - Haili Biological's valuation has reportedly decreased by 50% over the past eight months, despite a previous ninefold increase due to acquisitions [1] - The company's largest client is identified as a company that has not yet been established, raising questions about the business's sustainability and future prospects [1]

| 证券代码：300378 | 证券简称：鼎捷数智 | 公告编码：2026-01004 | | --- | --- | --- | | 债券代码：123263 | 债券简称：鼎捷转债 | | 鼎捷数智股份有限公司 鼎捷数智股份有限公司 董事会 二〇二六年一月十四日 根据公司总体发展战略与运营需要，为深入推进国际化战略，优化海外业务 布局，打造国际化资本运作平台，进一步提升公司治理水平和核心竞争力，助力 公司高质量发展，公司拟在境外发行股份（H 股）并申请在香港联合交易所有限 公司（以下简称"香港联交所"）挂牌上市。目前，公司计划与相关中介机构就 本次发行 H 股并上市的相关工作进行商讨，关于本次发行 H 股并上市的细节尚未 确定，公司董事会授权公司管理层启动本次 H 股发行并上市的前期筹备工作。 根据《中华人民共和国公司法》《中华人民共和国证券法》《深圳证券交易 所创业板股票上市规则》《境内企业境外发行证券和上市管理试行办法》《香港 联合交易所有限公司证券上市规则》等法律、法规及规范性文件的要求，待确定 具体方案后，本次发行 H 股并上市尚需提交公司董事会和股东会审议，并需取得 中国证券监督管理委员会和香港联 ...

鼎捷数智股份有限公司（以下简称"公司"）第五届董事会第二十二次会议 通知已于 2026 年 1 月 11 日以邮件、电话确认方式发出。会议于 2026 年 1 月 14 日 13 时 30 分以通讯方式在公司会议室举行。会议应出席董事 9 名，实际出席董 事 9 名。本次董事会会议由公司董事长叶子祯先生召集并主持，公司高级管理人 员列席了本次会议，会议召集人已对此次召开紧急会议情况作出说明。会议的召 开符合有关法律、行政法规、部门规章、规范性文件和《鼎捷数智股份有限公司 章程》的规定。经与会董事认真审议，做出如下决议： 一、审议通过《关于授权公司管理层启动公司境外发行股份（H 股）并在香 港联合交易所有限公司上市相关筹备工作的议案》 根据公司总体发展战略与运营需要，为深入推进国际化战略，优化海外业务 布局，打造国际化资本运作平台，进一步提升公司治理水平和核心竞争力，助力 公司高质量发展，公司拟在境外发行股份（H 股）并申请在香港联合交易所有限 公司挂牌上市。目前，公司计划与相关中介机构就本次发行 H 股并上市的相关工 作进行商讨，关于本次发行 H 股并上市的细节尚未确定，公司董事会授权公司管 理层启动本次 H ...

Core Viewpoint - The industrial software sector is experiencing a strong surge, driven by government initiatives aimed at enhancing the development of industrial internet platforms and the integration of artificial intelligence in manufacturing [1][2] Group 1: Government Initiatives - The Ministry of Industry and Information Technology released an action plan for the high-quality development of industrial internet platforms from 2026 to 2028, aiming for over 450 influential platforms and a connectivity of over 120 million industrial devices by 2028 [1] - The plan emphasizes a multi-layered platform system characterized by "professional, industry-specific, and collaborative" types, with a target platform penetration rate exceeding 55% [1] - A separate initiative on January 7 focuses on enhancing artificial intelligence capabilities in manufacturing, promoting the development of smart chips and high-level industry models [1] Group 2: Market Response - Following the announcement of these policies, stocks in the industrial software sector saw significant gains, with companies like Zhongkong Technology and Dingjie Smart rising over 10%, and Yonyou Network hitting the daily limit [1] - Guohai Securities predicts that the ongoing policy support will accelerate the deployment of industrial models and intelligent systems by leading domestic companies, potentially leading to rapid advancements in AI-driven industrial software innovation [2]

Core Viewpoint - The AI application sector is experiencing significant growth, with a 6.6% increase in early trading, driven by advancements in AI technology and its commercial applications across various industries [1][2]. Group 1: Market Performance - The AI application sector saw a total trading volume exceeding 7.917 billion yuan, with 74 stocks participating in the trading [1]. - Notable stocks such as Zhuoyi Information, Zhide Mai, and Guangyun Technology reached the daily limit increase of 20%, while several others saw increases exceeding 8% [1]. Group 2: Industry Trends - The market is currently focused on the accelerated commercialization of AI applications, particularly in marketing, e-commerce, healthcare, and media, as the cost of inference decreases and model capabilities improve [2][3]. - Institutions predict that 2026 will be a pivotal year for AI applications, marking a transition from technology validation to commercial promotion [2][3]. Group 3: Growth Projections - According to a report by the China Business Advertising Association, the global GEO market is expected to reach $11.2 billion by 2025, with the Chinese market projected at 2.9 billion yuan [3]. - By 2030, the global GEO market is anticipated to grow to $100.7 billion, with a 5-year CAGR of 55%, while the Chinese market is expected to reach 24 billion yuan, with a 5-year CAGR of 53% [3]. Group 4: Sector-Specific Insights - AI marketing is evolving with the rise of generative search (GEO), transforming traditional search engine optimization into a necessity for marketing [5]. - AI applications in e-commerce, healthcare, office automation, and media are becoming increasingly prevalent, providing significant growth opportunities for companies in these sectors [6].

第5笔成交价格为50.15元，成交4.00万股，成交金额200.60万元，溢价率为-20.43%，买方营业部为中信 建投证券股份有限公司北京望京证券营业部，卖方营业部为中信证券股份有限公司北京总部证券营业 部。 第6笔成交价格为50.15元，成交4.00万股，成交金额200.60万元，溢价率为-20.43%，买方营业部为机构 专用，卖方营业部为中信证券股份有限公司北京总部证券营业部。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 1月13日，鼎捷数智收涨0.54%，收盘价为63.03元，发生9笔大宗交易，合计成交量59.5万股，成交金额 2983.93万元。 第1笔成交价格为50.15元，成交4.50万股，成交金额225.68万元，溢价率为-20.43%，买方营业部为招商 证券股份有限公司南京庐山路证券营业部，卖方营业部为中信证券股份有限公司北京总部证券营业部。 第2笔成交价格为50.15元，成交7.00万股，成交金额351.05万元，溢价率为-20.43%，买方营业部为机构 专用，卖方营业部为中信证券股份有限公司北京总部证券营业部。 第3笔成交价格为50.15元，成交18.00万 ...

| 证券代码：300378 | 证券简称：鼎捷数智 | 公告编码：2026-01002 | | --- | --- | --- | | 债券代码：123263 | 债券简称：鼎捷转债 | | 鼎捷数智股份有限公司 关于持股 5%以上股东权益变动触及 1%整数倍的 本公司及董事会全体成员保证公告内容与信息披露义务人提供 的信息一致。 特别提示： 1、本次权益变动系鼎捷数智股份有限公司（以下简称"公司"）持股 5%以 上股东富士康工业互联网股份有限公司（以下简称"工业富联"）按照之前已披 露的股份减持计划实施减持而导致的变动。工业富联本次减持计划拟通过集中竞 价交易方式及大宗交易方式减持公司股份不超过 8,099,445 股（占剔除公司当前 回购专用账户股份后总股本比例不超过 3.00%，若减持期间公司因送股、资本公 积金转增股本、股权激励归属等事项导致剔除回购专用账户股份后的总股本发生 变化，拟减持股份数量将相应进行调整）注。2026 年 1 月 9 日至 2026 年 1 月 12 日，工业富联已累计减持公司股份 3,107,000 股。 注：本次减持计划中的减持比例对应的减持数量变化是由于公司 2021 年 ...

Core Insights - The report from CICC highlights a significant surge in AI model development and application, driven by the listing of independent model vendors and upcoming model releases, indicating a robust investment opportunity in the AI sector [1][2]. AI Model Layer - Domestic models such as DeepSeek and ByteDance's Doubao are expected to update their foundational models around the Spring Festival, with DeepSeek's open-source model V4 anticipated to be released in mid-February, showcasing capabilities comparable to Anthropic's Claude [2]. - Major overseas models like Anthropic, OpenAI, and Gemini are also expected to enhance their model capabilities in the first two quarters of the year, with leading model vendors focusing on breakthroughs through reinforcement learning and long-context engineering, which is likely to accelerate revenue growth [2]. AI Application Layer - Despite not exceeding market expectations in the past year, AI applications are increasingly integrating with models and scenarios to accelerate revenue realization. The report anticipates a rise in AI application penetration rates this year due to improved model capabilities and the integration of vertical scenario data [3]. - Key areas of focus for investment include AI Coding with high revenue certainty, AI Health with strong user payment willingness, and AI Pharmaceuticals within the AI for Science sector [3]. - Currently, AI revenue constitutes a small portion of total revenue for application companies, suggesting that the market may apply a Sum of the Parts (SOTP) valuation to these companies, potentially reshaping the overall valuation framework [3]. AI Infra Layer - Ongoing research in academia and industry is focused on enhancing models' continuous learning and long-context memory capabilities, which are essential for achieving Artificial General Intelligence (AGI) [4]. - The need for increased memory capacity due to long-context requirements is driving demand for storage and database solutions, as model vendors explore ways to optimize memory for continuous and online learning [4]. Related Companies - Recommended AI application-related companies include Kingsoft Office (688111.SH), Dingjie Zhizhi (300378.SZ), Foxit Software (688095.SH), and Tax Friend (603171.SH) [5]. - Recommended AI infrastructure-related company is Sangfor Technologies (300454.SZ) [5].