Investment Rating - The report maintains a positive investment rating for the computer industry, particularly highlighting the potential in AI-related companies [7]. Core Insights - The computer industry is experiencing revenue pressure, but a profit turning point has been observed. The overall revenue growth rate for the computer sector is expected to decline in 2024, with a notable recovery in profits in the first quarter of 2025 [5][11]. - In 2024, the computer sector is projected to achieve total operating revenue of CNY 12,614.80 billion, a year-on-year decrease of 1.65%. The net profit attributable to shareholders is expected to be CNY 294.24 billion, down 9.39% year-on-year [11][14]. - The first quarter of 2025 shows signs of recovery, with operating revenue reaching CNY 2,862.17 billion, an increase of 2.56% year-on-year, and net profit attributable to shareholders rising by 6.05% to CNY 58.79 billion [11][12]. Summary by Sections Market Review - During the week of April 28 to May 2, the CSI 300 index fell by 0.43%, while the computer sector (CITIC) rose by 2.66%. The top five gainers included companies like Chuangyi Information and Lingzhi Software, while the biggest losers included Dongfangtong and Quanzhi Technology [3][59]. Industry News - The report highlights significant developments in the AI sector, with companies like Yaxin Security and Cloud Sky Flying-U showing impressive revenue growth rates exceeding 40% in 2024, driven by AI-related business [14][16]. - The software industry reported a total profit of CNY 3,726 billion in the first quarter, reflecting a year-on-year growth of 11.6% [55]. Company Dynamics - Notable company announcements include Keda Guokong's termination of share reduction plans and adjustments in stock repurchase prices by Zhongcheng Technology, indicating stable governance and compliance with regulations [4][56][57]. Financial Performance Overview - The computer sector's financial performance shows a median revenue growth rate of -1.65% for 2024, compared to a median growth rate of 1.51% for all A-shares. The median net profit growth rate for the computer sector is -9.39%, while the overall A-share market shows a median of -2.44% [17][18]. - The report indicates that the computer sector's gross profit margin is projected to be 37.12% in 2024, a decrease of 1.72 percentage points year-on-year, while the net profit margin is expected to be -16.58% [36]. Investment Recommendations - The report suggests continued focus on AI-related sectors, as they are expected to outperform in the challenging macroeconomic environment of 2024, with signs of recovery in profits in early 2025 [5][51].

Group 1 - National Integrated Circuit Industry Fund plans to reduce its stake in Jiangbolong by no more than 4,159,815 shares, accounting for 1.00% of the total share capital, between May 27, 2025, and August 26, 2025 [1] - The reduction is due to the fund's operational management needs and will be executed through centralized bidding at market prices [1] - The implementation of this reduction plan will not lead to a change in the company's control or significantly impact its governance structure and ongoing operations [1] Group 2 - Haitai Weiye has received approval from the China Securities Regulatory Commission for its H-share issuance, planning to issue no more than 710.52 million overseas listed ordinary shares [2] - The listing will take place on the main board of the Hong Kong Stock Exchange, but the matter still carries uncertainties [2] Group 3 - Fudan Zhangjiang announced a price reduction of at least 35% for its Doxorubicin Liposome Injection starting May 1, 2025, which is expected to negatively impact sales revenue [3] - The drug generated approximately RMB 210 million in sales for the year 2024, representing 29% of the company's total sales revenue [3] - The price adjustment may lead to a risk of single product loss for the drug in 2025 [3] Group 4 - Xinyuan Technology's director expressed inability to guarantee the authenticity and completeness of the 2024 annual report and related financial documents, citing significant issues identified by the audit firm [4] - The company has received a notice of investigation from the securities regulatory authority, and the audit report issued was unable to express an opinion [4] Group 5 - ST Xinchao announced that its stock will be suspended from trading starting May 6, 2025, due to the inability to disclose the audited 2024 annual report and the 2025 Q1 report within the legal timeframe [5] - If the company fails to disclose the 2024 annual report within two months of the suspension, it will face delisting risk warnings [5] Group 6 - Huakang Clean has pre-won a project worth RMB 167 million [6] - Tongguang Cable has pre-won a procurement project from the State Grid valued at RMB 142 million [6] - Fengmao Co. has increased its investment in a production base in Thailand to RMB 26 million [6] Group 7 - Huaren Pharmaceutical's wholly-owned subsidiary has obtained a medical device registration certificate for wound dressings [7] Group 8 - Major shareholders of Kairun Co. plan to reduce their holdings by no more than 9 million shares [10] - CITIC Securities has completed its reduction plan for China Gold [10] - The reduction plan for Hengfeng Information's director and vice president has been completed [10]

恒锋信息（300605）公告，公司董事、副总裁陈朝学先生已完成减持计划。陈朝学先生于2025年4月28 日通过集中竞价交易方式减持19.87万股，减持均价为16.2元/股，占公司总股本的0.1207%。减持后，陈 朝学先生持有公司股份59.62万股，占公司总股本的0.3622%。此次减持符合相关法律法规及规范性文件 的规定，不会导致公司控制权发生变更。 ...

中泰证券股份有限公司 关于恒锋信息科技股份有限公司 2024 年度持续督导现场检查报告 | 保荐机构名称：中泰证券股份有限公司 | 被保荐公司简称：恒锋信息 | | | --- | --- | --- | | 保荐代表人姓名：仓勇 | 联系电话：010-59013863 | | | 保荐代表人姓名：田彬 | 联系电话：010-59013863 | | | 现场检查人员姓名：仓勇 | | | | 现场检查对应期间：2024 年度 | | | | 现场检查时间：2025 年 4 月 22 日至 2025 年 4 | 23 | 月 | | （一）公司治理 | 是 否 不适用 | | | 现场检查手段：查阅公司章程、公司治理的相关规章制度，并查阅公司相关的三会会议资 | | | | 料及信息披露文件，对相关人员进行访谈等 | | | | 1.公司章程和公司治理制度是否完备、合规 | √ | | | 2.公司章程和三会规则是否得到有效执行 | √ | | | 人员及会议内容等要件是否齐备，会议资料 | √ | | | 是否保存完整 | | | | 4.三会会议决议是否由出席会议的相关人员 | √ | | | 部门规章、 ...

| 证券代码：300605 | 证券简称：恒锋信息 | 公告编号：2025-030 | | --- | --- | --- | | 债券代码：123173 | 债券简称：恒锋转债 | | 恒锋信息科技股份有限公司 关于部分董事、高级管理人员减持计划实施完毕的公告 公司董事、副总裁陈朝学先生保证向公司提供的信息内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 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。 恒锋信息科技股份有限公司（以下简称"公司"）于 2025 年 3 月 27 日披 露了《关于部分董事、高级管理人员减持公司股份的预披露公告》（公告编号： 2025-013），董事、副总裁陈朝学先生计划自减持计划公告披露之日起十五个 交易日后的三个月内（2025 年 4 月 21 日至 2025 年 7 月 20 日）以集中竞价方 式减持公司股份不超过 198,717 股（占公司总股本比例 0.1207%）。 公司于近日收到陈朝学先生出具的《股份减持计划实施进展告知函》，获 悉陈朝学先生减持计划已实施完毕，现将有关情况公告如下： 一、股东减持情况 1、股东减持股份情况 | 股东 | ...

| 证券代码：300605 | 证券简称：恒锋信息 | 公告编号：2025-031 | | --- | --- | --- | | 债券代码：123173 | 债券简称：恒锋转债 | | 恒锋信息科技股份有限公司（以下简称"公司"）《2024 年年度报告全文及 摘 要 》 以 及 其 他 相 关 文 件 已 于 2025 年 4 月 28 日 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上公告。为使广大投资者更全面深入地了解公司经 营情况，进一步加强与投资者的互动交流，公司决定召开 2024 年度网上业绩说明 会，暨参加由福建证监局指导、福建省上市公司协会主办与深圳市全景网络有限 公司联合举办的"2025 年福建辖区上市公司投资者网上集体接待日活动"（以下 简称"本次活动"），现将相关事项公告如下： 一、召开的时间与形式 恒锋信息科技股份有限公司 关于举行 2024 年度网上业绩说明会暨参加 2025 年福建辖区上市公司投资者网上集体接待日活动的公告 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，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 召开时间：20 ...

中泰证券股份有限公司 关于恒锋信息科技股份有限公司 2024 年度持续督导跟踪报告 | 保荐机构名称：中泰证券股份有限公司 | 被保荐公司简称：恒锋信息 | | --- | --- | | 保荐代表人姓名：仓勇 | 联系电话：010-59013863 | | 保荐代表人姓名：田彬 | 联系电话：010-59013863 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件次数 | 0 次 | | 2.督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不限 | | | 于防止关联方占用公司资源的制度、募集资金管理 | 是 | | 制度、内控制度、内部审计制度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 次，通过每月取得募集资金专 12 | | | 户银行对账单的方式对募集资金 | | | 使用情况进行监督 | | ...

Group 1 - The eighth Digital China Construction Summit showcased various AI applications in education, including AI enrollment assistants and AI teaching assistants, highlighting the significant role of AI in educational transformation [1][4] - Hengfeng Information Technology Co., Ltd. presented its "AI + Smart Education" initiative, which integrates AI technology with extensive educational data to create a university AI platform that supports customized model training and optimization across various educational processes [2][3] - The collaboration between Hengfeng Information and Xiamen University aims to innovate in the "AI + Education" field, focusing on building a theoretical and standard system for AI-enabled teaching, thereby enhancing the quality of education [2] Group 2 - The "Home-School Co-education" smart cloud platform was introduced, structured as "1+2+N," which includes a digital education foundation and various smart campus applications, leveraging AI models for educational support [3] - China Telecom's "Precision Teaching Model" received positive feedback for its ability to reduce teachers' grading workload by up to 70% and provide comprehensive solutions for classroom learning and assessments, demonstrating the potential for AI to enhance educational efficiency [5] - Industry experts believe that the future of "AI + Education" will trend towards greater intelligence, personalization, and diversity, aiming to transition education from standardization to personalization and create a new ecosystem of "human-machine collaboration" [5]

刚过"而立之年"的恒锋信息（SZ.300605）不满足于原有的"智慧城市"标签，以战略视野锚定"信息科 技"与"银发经济"双轮驱动，开启向"全球智慧解决方案提供商"的全面升级。 新AI "AI正催生全球数字经济的二次进化，中国企业已迎来定义产业新规则的时间窗口。"恒锋信息总裁欧霖 杰在接受证券时报记者专访时表示。 欧霖杰介绍，当前，恒锋信息以出海为路径创造业务增量，以AI为创新展开产业创新，以银发经济打 造第二增长曲线，通过三个维度的战略协同全力捕捉数字经济时代的结构性机遇。 新出海 "与19 世纪末，闽粤等地老百姓为谋生背井离乡'下南洋'不同，如今，中国企业出海是为实现全球化发 展的主动布局。当前，'数字中国方案'在共建'一带一路'国家中获得广泛认可，中国智慧服务出海迎来 新浪潮，我们的乘风出海，也是传承福建企业'爱拼才会赢'的精神。" 欧霖杰表示。 在欧霖杰的陪同下，越南白梅医院院长陶春基近期完成了一次"中国行"，"羡慕"是这位博士最大的感 受。 欧霖杰回忆道，"陶博士当时问我，中国有14亿人口，人车都特别多，但是交通路口却很少见到交通警 察，那你们的交通违章的处罚怎么执行？我告诉他，在中国交通违章，半小 ...

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