Core Viewpoint - The company is building an integrated AI ecosystem through a three-layer architecture consisting of a computing power base, RichABox platform, and scenario-based applications, aiming to transform AI technology from general capabilities to industry-specific applications [1] Group 1: Company Structure and Strategy - The underlying layer is supported by a smart computing center that provides computing power [1] - The middle layer relies on the RichABox platform to develop intelligent entities and consolidate data governance capabilities [1] - The upper layer offers AI enterprise service solutions targeting industries such as telecommunications, energy, and finance [1] Group 2: Product Development and Future Plans - The RichABox platform supports multi-model access and custom development [1] - The company plans to promote RichABox as an independent product for enterprise clients in the future [1] - The focus is on continuously driving the transformation of AI technology towards industry applications [1]

Group 1: Investment and Financial Overview - The company plans to issue convertible bonds to raise up to 14.60 billion yuan, with total investment in three core projects reaching 20.71 billion yuan, emphasizing its strategic commitment to AI development [2][3] - Revenue is projected to grow from approximately 1 billion yuan in 2021 to 1.86 billion yuan in 2024, reflecting an increase of 86.25% [3] - Net profit is expected to rise from about 1.30 billion yuan to 2.18 billion yuan, marking a growth of 67.69% [3] - Net assets are anticipated to increase from 20.71 billion yuan to 27.49 billion yuan, a growth of 32.74% [3] Group 2: Project Details - The Intelligent Computing Center project has a total investment of 14.85 billion yuan, with 10.35 billion yuan allocated from the raised funds, aiming to enhance AI computing capabilities by adding approximately 12,000P of computing power [3][4] - The Rich AIBox platform upgrade project will utilize 2.07 billion yuan for enhancements across infrastructure, core engine, and product service layers [4] - The enterprise-level AI application development project has a total investment of 3.79 billion yuan, with 2.94 billion yuan from raised funds, focusing on AI applications in customer service, marketing, and knowledge management [4] Group 3: Business Model and Market Strategy - The company will adopt a dual business model combining self-owned assets and light asset strategies, with a greater revenue share expected from self-owned assets [5] - The AI voice agent service will implement a project-based charging model for inbound services and a usage-based model for outbound marketing services [6] - The Rich AIBox platform is designed to provide comprehensive solutions for various industries, including telecommunications, finance, and energy, facilitating digital transformation [7] Group 4: Future Outlook and Development - The company aims to create a closed-loop ecosystem integrating robotics, computing power, and AI applications, enhancing operational efficiency and market competitiveness [5][6] - The development of embodied intelligent robots is focused on software engineering, with applications in areas like park inspection and home assistance [7] - The AI email and cloud storage projects are progressing well, with expectations for significant growth in application scenarios by 2026 [6]

Core Viewpoint - The company CaiXun Co., Ltd. plans to raise up to 1.46 billion yuan through the issuance of convertible bonds, with all funds directed towards AI-related projects [1][2]. Group 1: Fundraising and Investment Plans - The 1.46 billion yuan raised will be allocated to three major projects aimed at building a comprehensive AI ecosystem, including "computing power infrastructure, platform middleware, and industry applications" [2]. - The fundraising amount is approximately 42.7% of the company's total assets as of Q3 2025 [3]. - The construction of the AI computing center is the primary focus of the fundraising, accounting for over 70% of the total amount, with an investment of 1.035 billion yuan planned [7]. Group 2: AI Computing Center - The AI computing center project aims to deploy computing servers, networks, and storage devices, creating a cluster with a total computing power of approximately 12,000 P (petaflops) over a two-year construction period [7]. - This initiative aligns with the national strategy for "moderately advanced construction of new infrastructure" to meet the surging demand for intelligent computing power in large model training and inference [7]. - The industry is characterized as a capital-intensive "arms race" for computing centers, with major telecom operators and leading internet companies investing heavily [8][9]. Group 3: Competitive Landscape and Challenges - CaiXun's revenue of 1.341 billion yuan ranks it 39th in the industry, indicating a lack of competitive scale compared to larger players [10]. - The commercialization cycle for computing centers may take 5 to 7 years, and declining rental prices for computing power in East China could further extend the investment recovery period [10]. - There is a noted supply-demand mismatch in the industry, with some computing centers in the western regions experiencing GPU utilization rates below 15%, leading to inefficiencies [11]. Group 4: AI Application Development - The company plans to invest 131 million yuan in upgrading the Rich AIBox platform, which serves as an "incubator" for intelligent agents, with a three-year development cycle [13]. - An additional investment of 294 million yuan is earmarked for developing enterprise-level AI applications, focusing on vertical industry implementations, also with a three-year timeline [13]. - The Rich AIBox platform is positioned as a one-stop solution for enterprise AI applications, supporting low-code development and integrating multimodal interaction and industry knowledge graphs [13]. Group 5: Future Prospects and Strategic Focus - The company recognizes the shift towards generative AI and views intelligent agents as key to overcoming challenges in deploying large models [14]. - CaiXun has successfully launched several applications, including customer service and voice agents, across various industries such as telecommunications, finance, and energy [15]. - The competitive landscape for enterprise AI applications is described as a "red ocean," with major cloud providers and numerous startups dominating the market [15].

本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或者重大遗漏。 彩讯科技股份有限公司（以下简称"公司"）第四届董事会第六次会议及 2025 年第五次临时股东会审议通过了《关于变更经营范围并修订<公司章程>的 议案》，同意公司因业务发展需要变更经营范围并修订《公司章程》中的部分 条款。具体内容详见公司 2025 年 12 月 16 日披露在中国证监会指定信息披露网 站巨潮资讯网（www.cninfo.com.cn）的《关于变更经营范围并修订<公司章程> 的公告》（2025-083）。 证券代码：300634 证券简称：彩讯股份 公告编号：2026-013 彩讯科技股份有限公司 关于完成工商变更登记的公告 证券代码：300634 证券简称：彩讯股份 公告编号：2026-013 字文化创意技术装备销售；数字文化创意内容应用服务；智能控制系统集成； 人工智能行业应用系统集成服务；可穿戴智能设备制造；可穿戴智能设备销售； 智能基础制造装备制造；智能基础制造装备销售；人工智能应用软件开发；人 工智能理论与算法软件开发；人工智能通用应用系统；物联网设备制造；物联 网设备销售；物联网应用服 ...

Summary of CaiXun Co., Ltd. Conference Call Company Overview - **Company**: CaiXun Co., Ltd. (彩讯股份) - **Industry**: AI and telecommunications Key Points Financing and Investment Plans - CaiXun plans to issue CNY 1.46 billion (approximately USD 210 million) in convertible bonds, primarily for: - Construction of a smart computing center (approximately CNY 1 billion) - R&D upgrade of the Rich AI Box platform (approximately CNY 200 million) - Development of enterprise-level AI applications [2][5] Financial Performance - Revenue is projected to grow from CNY 880 million in 2021 to CNY 1.65 billion in 2024, nearly doubling [6] - Non-recurring profit is expected to increase from CNY 130 million to CNY 220 million during the same period [6] - Net assets are forecasted to rise from CNY 2.07 billion to CNY 2.75 billion [6] - Previous refinancing efforts have shown significant success, and the current refinancing is expected to further enhance revenue and profit [6] AI Development and Applications - CaiXun's AI strategy focuses on three core projects: - Smart computing center for efficient computing power [3] - Rich AI Box platform for B-end customer service [3] - Development of enterprise-level AI applications, including intelligent customer service and marketing [3] Robotics and Intelligent Systems - The company has invested in two robotics projects focusing on brain development and robot design [7] - CaiXun has secured significant orders for humanoid and quadruped robots from China Mobile for 2025, indicating maturity in the embodied intelligence sector [7] AI Voice Intelligence - CaiXun's AI voice intelligence business model includes: - Inbound projects for B-end customer service with project-based fees [4] - Outbound marketing projects charged based on duration or conversion rates [4][15] - The company anticipates that by 2025, at least 50% of calls in the communication network will involve AI systems [9] Market Position and Competitive Advantage - CaiXun has a strong presence in the telecommunications sector, with significant channel advantages [10] - The company plans to focus on AI voice intelligence in various sectors, including telecommunications, finance, and automotive [16] Future Outlook - CaiXun aims to leverage its cash reserves to capitalize on opportunities in the AI era, expecting substantial growth in revenue and market capitalization over the next one to two years [20] - The company is committed to maintaining steady growth and enhancing competitiveness to provide better returns for investors [20] Product Development and Integration - The AI Box platform offers a one-stop development and operational service tailored to various industries [19] - CaiXun is involved in software engineering for robotics, including mobile control applications for quadruped robots [19] Strategic Goals - By 2026, CaiXun aims to integrate its AI mailbox and cloud services into the Hongmeng ecosystem, enhancing knowledge management capabilities [18] This summary encapsulates the key insights from the conference call, highlighting CaiXun's strategic initiatives, financial performance, and future growth prospects in the AI and telecommunications sectors.

Core Viewpoint - CaiXun Co., Ltd. plans to raise up to 1.46 billion yuan through convertible bonds to fund projects related to intelligent computing centers and enterprise-level AI applications, aiming to enhance its core technology and support the high-quality development of AI applications in the digital economy [1][2]. Fundraising and Project Details - The company intends to allocate 70.89% of the raised funds, approximately 1.035 billion yuan, to the intelligent computing center project, which will add about 12,000 P (computing power unit) over a two-year construction period [2]. - The Rich AIBox platform upgrade project will receive 131 million yuan for development over three years, focusing on intelligent agent development and data governance tools [2]. - The enterprise-level AI intelligent agent application development project plans to invest 294 million yuan over three years to create applications such as AI voice agents and intelligent marketing [2]. Financial Performance - CaiXun has shown steady growth, with revenue increasing from 887 million yuan in 2021 to 1.652 billion yuan in 2024, representing an 86.25% increase, and net profit rising from 149 million yuan to 230 million yuan, a 54.36% increase [4]. - In the first three quarters of 2025, the company achieved revenue of 1.341 billion yuan, a year-on-year increase of 10.81%, and a net profit of 196 million yuan, up 0.61% [4][5]. - The company's three core product lines—intelligent channel, intelligent computing services, and data intelligence—have contributed to a stable revenue growth matrix [5]. Market Response and Stock Performance - The company's strategic focus on AI has received positive feedback from the secondary market, with its stock price increasing by over 35% since the beginning of the year, driven by the popularity of AI applications [6].

Core Insights - The company, CaiXun Co., Ltd. (300634.SZ), announced a significant capital operation plan to raise up to 1.46 billion yuan through convertible bonds, with over 70% (approximately 1.035 billion yuan) allocated for the construction of a large-scale AI computing center [1][2] Funding Allocation - The core funding projects include: - 1.035 billion yuan for the AI computing center, covering server procurement, hardware and software support, and data center construction [3][6] - 294 million yuan for the development of enterprise-level AI applications based on computing power [6] - 131 million yuan for upgrading the Rich AIBox platform to enhance the company's existing AI capabilities [6] Strategic Business Development - The construction of the AI computing center is a crucial part of the company's business strategy, aiming to create a complete AI ecosystem with three main product lines: collaborative office, smart channels, and intelligent computing services [4] - The company plans to leverage its core technologies in AI and computing to meet the growing demand for intelligent computing services in key downstream industries such as telecommunications, energy, finance, and transportation [4] Industry Context - The decision reflects a broader trend among software application companies experiencing "computing power anxiety" amid the AI boom, as they seek to secure their own computing needs while also potentially renting out excess capacity to generate new revenue streams [4][5] - The move represents a typical "soft to hard" cross-industry attempt, presenting both opportunities and challenges related to supply chain, operations, and talent acquisition [2][5]

Core Viewpoint - The company, CaiXun Co., Ltd. (300634.SZ), maintains a deep and diverse partnership with China Mobile, focusing on various fields including collaborative office solutions, 5G messaging, AI applications, and intelligent computing [1] Group 1: Partnership and Collaboration - The collaboration with China Mobile encompasses multiple areas, indicating a strong strategic alliance [1] - The partnership is expected to leverage existing technological capabilities to explore opportunities in the industrial internet sector [1] Group 2: Technological Capabilities - The company has developed relevant technological reserves and business layouts in the industrial internet field, including intelligent channels, data platforms, and AI computing solutions [1] - These solutions are highly compatible with the demands of "5G + industrial internet" integration and infrastructure development [1] Group 3: Future Outlook - The company aims to actively seize opportunities in the industrial internet development by utilizing its technological strengths and the solid foundation of its cooperation with China Mobile [1] - There is a focus on the implementation of related technologies and solutions within the industrial internet domain [1]

Core Viewpoint - The company, CaiXun Co., Ltd. (300634.SZ), maintains a deep and diverse partnership with China Mobile, focusing on various fields including collaborative office solutions, 5G messaging, AI applications, and intelligent computing [1] Group 1: Partnership and Collaboration - The collaboration with China Mobile encompasses multiple areas, indicating a strong strategic alliance [1] - The partnership is expected to leverage existing technological capabilities to explore opportunities in the industrial internet sector [1] Group 2: Technological Capabilities - The company has developed relevant technological reserves and business layouts in the industrial internet field [1] - Solutions such as intelligent channels, data platforms, and AI computing are well-aligned with the demands of "5G + industrial internet" integration [1] Group 3: Future Outlook - The company aims to actively seize opportunities in the industrial internet development by utilizing its technological strengths and the solid foundation of its cooperation with China Mobile [1]

Core Viewpoint - The company, CaiXun Co., Ltd. (300634.SZ), currently has no clients in the commercial aerospace sector but plans to explore AI applications in this field in the future [1] Group 1: Current Status - The company has stated that it does not have any commercial aerospace clients at present [1] Group 2: Future Plans - The company aims to leverage its AI full-stack solutions, intelligent computing services, and big data capabilities to explore business opportunities in commercial aerospace [1] - The company intends to combine its existing investments in the aerospace sector with new AI applications to expand its business opportunities [1]