（文章来源：证券日报） 证券日报网讯彩讯股份11月14日在互动平台回答投资者提问时表示，目前公司已实施2025年半年度分红 方案，2025年全年的分红方案需经2025年年度董事会、股东会审议后披露，具体以公司后续公告为准。 ...

Group 1 - The company, CaiXun Co., stated on November 14 that its operations are stable and developing well [2] - The company acknowledged that multiple factors influence its stock price and urged investors to view market fluctuations rationally [2]

Core Viewpoint - The company is strategically investing in quantum technology, recognizing its potential despite the long development and commercialization cycles involved in this cutting-edge field [2] Group 1: Investment Strategy - The company has made an investment in Zhongke Kuyuan as part of its forward-looking strategic layout in quantum technology [2] - Zhongke Kuyuan has launched China's first atomic quantum computer, "Hanyuan No. 1" [2] Group 2: Future Outlook - The company will continue to monitor the technological advancements and commercialization progress of Zhongke Kuyuan [2] - Specific returns from this investment will be determined according to accounting standards, with relevant information to be disclosed in company announcements [2]

证券代码：300634 证券简称：彩讯股份 公告编号：2025-080 彩讯科技股份有限公司 关于全资子公司变更经营范围并完成工商变更登记的公告 特此公告。 许可经营项目：食品销售（仅销售预包装食品）、食品互联网销售（仅销 售预包装食品）。（依法须经批准的项目，经相关部门批准后方可开展经营活 动，具体经营项目以相关部门批准文件或许可证件为准） 变更后：一般经营项目：研究、开发计算机软件系统、硬件及配套零部件、 网络产品、多媒体产品、办公自动化设备、仪器仪表、电器及印刷照排设备， 计算机信息系统集成和计算机应用系统的上门安装、技术转让和技术咨询，国 内贸易，经营进出口业务（以上法律、行政法规、国务院决定禁止的项目除外， 限制的项目须取得许可后方可经营）。计算机软硬件及辅助设备零售；日用杂 品销售；日用百货销售；针纺织品销售；家居用品销售；厨具卫具及日用杂品 零售；茶具销售；个人卫生用品销售；助动自行车、代步车及零配件销售；日 用化学产品销售；智能家庭消费设备销售；可穿戴智能设备销售；电池销售； 音响设备销售；皮革制品销售；箱包销售；鞋帽零售；珠宝首饰零售；玩具销 证券代码：300634 证券简称：彩讯股份 公告 ...

Group 1 - The core viewpoint of the article is that quantum technology requires a long development cycle for both research and industrialization, and the company is strategically investing in this frontier area [2] - The company has invested in Zhongke Kuyuan, which has launched China's first atomic quantum computer, "Hanyuan No. 1" [2] - The company will continue to monitor the technological progress and industrialization of quantum technology, with specific revenue recognition to be determined according to accounting standards [2]

Group 1 - The core point of the article is that Zhongke Kuyuan has launched the first atomic quantum computer in China, named "Hanyuan No. 1" [1] Group 2 - The company, CaiXun Co., Ltd. (stock code: 300634.SZ), announced this development on an investor interaction platform [1]

Core Viewpoint - The stock of CaiXun Co., Ltd. has experienced a decline of 2.03% on November 12, with a current price of 25.56 yuan per share and a total market capitalization of 11.533 billion yuan. The company has seen a year-to-date stock price increase of 18.11% but has faced recent declines over various trading periods [1]. Financial Performance - For the period from January to September 2025, CaiXun Co., Ltd. achieved a revenue of 1.341 billion yuan, representing a year-on-year growth of 10.81%. The net profit attributable to shareholders was 196 million yuan, with a slight increase of 0.61% year-on-year [2]. - The company has distributed a total of 320 million yuan in dividends since its A-share listing, with 211 million yuan distributed over the past three years [3]. Shareholder and Market Activity - As of October 31, 2025, the number of shareholders for CaiXun Co., Ltd. was 45,200, an increase of 0.93% from the previous period. The average number of circulating shares per shareholder decreased by 0.93% to 9,622 shares [2]. - The stock has seen significant trading activity, with a net outflow of 16.9852 million yuan in principal funds on November 12, where large orders accounted for 15.47% of purchases and 22.54% of sales [1]. Business Overview - CaiXun Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on January 6, 2004. The company went public on March 23, 2018. Its main business involves providing technology and services in the industrial internet sector, with revenue composition as follows: 61.25% from technical services, 17.77% from software product development and sales, 16.86% from system integration, and 3.56% from other supplementary services [1]. - The company operates within the IT services sector, specifically under the subcategories of IT services and digital economy, and is involved in concepts such as intellectual property and information security [2]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the fifth-largest circulating shareholder with 4.2254 million shares, marking its entry as a new shareholder. The Southern CSI 1000 ETF held 2.4766 million shares, a decrease of 22,900 shares from the previous period [3].

Core Viewpoint - The company reported a revenue of 1.341 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 10.81% [2] - The net profit attributable to the parent company reached 196 million yuan, showing a slight increase of 0.61% year-on-year [2] Financial Performance - Revenue for the first three quarters of 2025: 1.341 billion yuan, up 10.81% year-on-year [2] - Net profit attributable to the parent company: 196 million yuan, up 0.61% year-on-year [2]

Investment Rating - The industry investment rating is "Outperform the Market" [21] Core Viewpoints - The report emphasizes that the implementation of the "Implementation Opinions" by the State Council will accelerate the development of China's artificial intelligence industry [3][7] - The Kimi K2 Thinking model, released by the company "月之暗面," ranks third globally in performance, indicating that domestic large models are continuously improving and adapting well to domestic accelerated computing chips [9][17] - The report suggests a strong outlook for the AI industry in China, driven by the competitive landscape of global AI large models and the ongoing iteration of domestic models [17] Summary by Sections Industry News and Commentary - The State Council issued the "Implementation Opinions" on November 7, which includes five parts aimed at fostering the application of new technologies and products in various economic and social scenarios [3][6] - The report notes that the Kimi K2 Thinking model has achieved state-of-the-art performance in several benchmark tests, enhancing its capabilities in complex reasoning and tool usage [9][17] Key Company Announcements - "浪潮信息" announced the progress of its share repurchase, having repurchased 1,551,866 shares at a total cost of approximately 96.99 million yuan [10] - "东华软件" disclosed two investment announcements, including the establishment of an AI research institute and a technology company with a total investment of 35 million yuan [10] - "国能日新" announced a joint venture for energy storage with a registered capital of 40 million yuan [10] Weekly Market Review - The computer industry index fell by 2.54% this week, underperforming the CSI 300 index, which rose by 0.82% [11][14] - The overall P/E ratio for the computer industry is 56.0 times, with 359 A-share component stocks, of which 98 rose, 2 remained flat, and 257 fell [14] Investment Recommendations - The report recommends focusing on AI-related investment opportunities, particularly in AI computing power and algorithms, highlighting companies such as 海光信息, 龙芯中科, and 恒生电子 [17]

Market Performance - The IT services sector increased by 0.75% on November 10, with Junyi Digital leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Top Gainers in IT Services - Junyi Digital (301172) closed at 24.02, up 8.39% with a trading volume of 167,600 shares and a transaction value of 403 million yuan [1] - Qianfang Technology (002373) closed at 11.36, up 6.17% with a trading volume of 741,100 shares and a transaction value of 836 million yuan [1] - Haoyun Technology (300448) closed at 7.71, up 6.05% with a trading volume of 448,500 shares and a transaction value of 338 million yuan [1] Top Losers in IT Services - Guozi Software (920953) closed at 38.48, down 4.11% with a trading volume of 44,900 shares and a transaction value of 174 million yuan [2] - Lupu Information (920748) closed at 54.98, down 3.54% with a trading volume of 32,100 shares and a transaction value of 181 million yuan [2] - Shenzhou Information (000555) closed at 19.05, down 2.56% with a trading volume of 1,393,800 shares and a transaction value of 2.714 billion yuan [2] Capital Flow Analysis - The IT services sector experienced a net outflow of 899.7 million yuan from institutional investors, while retail investors saw a net inflow of 931 million yuan [2][3] - Major stocks like Qianfang Technology and Junyi Digital had significant net inflows from retail investors despite overall sector outflows [3]