Investment Rating - The report maintains a "Recommended" investment rating for the company [1][12]. Core Views - The company achieved steady growth in the first half of 2025, with operating revenue of 920 million yuan, a year-on-year increase of 17.72%, and a net profit attributable to shareholders of 135 million yuan, up 14.74% year-on-year [4][7]. - The company is focusing on AI and computing power, which are seen as new growth drivers, with AI-related revenue reaching 177 million yuan in the first half of 2025, significantly contributing to its performance [7][8]. - The company is well-positioned in the domestic email market and is leveraging its deep integration with major clients like China Mobile to enhance its operational capabilities [8][9]. Summary by Sections Financial Performance - In the first half of 2025, the company reported operating revenue of 920 million yuan, a 17.72% increase year-on-year, and a net profit of 135 million yuan, reflecting a 14.74% growth [4][7]. - The revenue breakdown shows that the intelligent computing and data intelligence product line grew by 50.05%, while the collaborative office product line saw a modest increase of 2.01% [7][8]. Business Segments - The collaborative office business is steadily developing, with new AI email projects signed with major clients, enhancing AI penetration in their services [7][8]. - The smart channel business is also growing, with successful renewals of key projects and new client acquisitions in the 5G messaging sector [8]. - The intelligent computing services are expanding rapidly, with significant revenue growth and new projects aimed at enhancing AI capabilities for clients [8][9]. Future Outlook - The report forecasts net profits for 2025-2027 to be 275 million yuan, 332 million yuan, and 403 million yuan respectively, with corresponding EPS of 0.61, 0.74, and 0.89 yuan [6][9]. - The company is expected to benefit from the growth in the domestic cloud and AI sectors, supported by its comprehensive product offerings and technological advantages [8][9].

公司最新毛利率为33.57%。最新ROE为4.77%，较去年同期ROE增加0.24个百分点。 公司摊薄每股收益为0.30元，较去年同报告期摊薄每股收益增加0.04元，同比较去年同期上涨15.38%。 公司最新资产负债率为14.94%，较上季度资产负债率减少2.66个百分点，较去年同期资产负债率减少5.04个百分点。 公司最新总资产周转率为0.27次，较去年同期总资产周转率增加0.03次，同比较去年同期上涨13.26%。最新存货周转率为4.07次，较去年同期存货周转率增 加0.46次，实现2年连续上涨，同比较去年同期上涨12.64%。 2025年8月26日，彩讯股份(300634.SZ)发布2025年中报。 公司股东户数为4.79万户，前十大股东持股数量为2.10亿股，占总股本比例为46.62%，前十大股东持股情况如下： 公司营业总收入为9.20亿元，较去年同报告期营业总收入增加1.38亿元，实现5年连续上涨，同比较去年同期上涨17.72%。归母净利润为1.35亿元，较去年同 报告期归母净利润增加1739.29万元，同比较去年同期上涨14.74%。经营活动现金净流入为2.10亿元，较去年同报告期经营活动现金净流 ...

Group 1 - The core viewpoint of the news is that CaiXun Co., Ltd. (300634.SZ) has reported its semi-annual results for 2025, highlighting significant institutional investor interest and changes in shareholding patterns [1] Group 2 - As of August 25, 2025, a total of 20 institutional investors hold shares in CaiXun, with a combined holding of 191 million shares, representing 42.40% of the total share capital [1] - The top ten institutional investors account for 42.13% of the total shares, with a decrease of 0.69 percentage points compared to the previous quarter [1] Group 3 - In the public fund sector, three funds increased their holdings compared to the previous period, with an increase rate of 0.11% [2] - Eleven new public funds disclosed their holdings this period, including notable funds such as the China Southern CSI 1000 ETF and Huaxia CSI 1000 ETF [2] - One public fund, the Western Benefit CSI 1000 Index Enhanced A, was not disclosed in this period compared to the previous quarter [2] Group 4 - Regarding foreign investment, the Hong Kong Central Clearing Limited is the only foreign institution that has not disclosed its holdings in this period compared to the previous quarter [3]

证券代码：300634 证券简称：彩讯股份公告编号：2025-063 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监会指定媒体仔细阅读半年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 √适用 □不适用 是否以公积金转增股本 □是 √否 公司经本次董事会审议通过的利润分配预案为：以公司实施2025年半年度权益分派时的股权登记日总股 本扣除公司回购专用证券账户股份后的股份数为基数，向全体股东每10股派发现金红利0.35元（含 税），送红股0股（含税），不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 二、公司基本情况 1、公司简介 3、公司股东数量及持股情况 单位：股 ■ 持股5%以上股东、前10名股东及前10名无限售流通股股东参与转融通业务出借股份情况 ■ 2、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 √否 ■ □适用 √不适用 前10名股东及前10名无限售流通股股东因转融通 ...

Group 1 - The company reported a net profit attributable to shareholders of 135,379,804.92 yuan for the first half of 2025, with the parent company achieving a net profit of 140,902,225.13 yuan [1] - The board proposed a cash dividend distribution plan, offering 0.35 yuan per 10 shares (including tax), amounting to an estimated total cash dividend of 15,757,719.60 yuan [1] - The profit distribution plan is based on the company's positive future outlook and aligns with its operational performance and earnings situation for the first half of 2025 [2] Group 2 - The profit distribution plan complies with relevant regulations, including the Company Law and the guidelines for cash dividends for listed companies [2] - The plan aims to provide reasonable returns to investors and allows all shareholders to share in the company's operational achievements [2]

Group 1 - The core point of the article is that CaiXun Co., Ltd. announced the convening of its fourth board meeting to review the 2025 semi-annual report and its summary [1] - For the year 2024, the revenue composition of CaiXun Co., Ltd. is as follows: telecommunications accounts for 67.37%, software and information technology services account for 14.08%, energy accounts for 9.66%, others account for 4.07%, and finance accounts for 2.27% [1] - As of the report date, the market capitalization of CaiXun Co., Ltd. is 13.4 billion yuan [1]

Group 1 - The company reported a revenue of 919.5 million yuan for the first half of 2025, representing a year-on-year growth of 17.72% [1] - The net profit attributable to shareholders of the listed company was 135 million yuan, an increase of 14.74% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 107 million yuan, showing a year-on-year decline of 12.84% [1] Group 2 - The basic earnings per share were 0.30 yuan [1] - The company proposed a cash dividend of 0.35 yuan (including tax) for every 10 shares to all shareholders [1]

Group 1 - The core viewpoint of the article highlights that CaiXun Co., Ltd. reported a revenue of 920 million yuan for the first half of 2025, representing a year-on-year growth of 17.72% [1] - The net profit attributable to the parent company for the same period was 135 million yuan, showing a year-on-year increase of 14.74% [1] - The company plans to distribute a cash dividend of 0.35 yuan (including tax) for every 10 shares to all shareholders based on the total share capital after deducting shares held in the company's repurchase account as of the dividend record date [1]

彩讯科技股份有限公司 公司负责人（法定代表人）：杨良志 主管会计工作负责人：王欣 会计机构负责人：王春蕾 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 单位：万元 | 非经营性资金占用 | 资金占用方名称 | 占用方与上市公 | 上市公司核算的 | 2025 年期初占用 | 2025 年半年度占 | 2025 年半年度占 | 2025 年半年度 | 2025 年半年度 | 占用形成原因 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 司的关联关系 | 会计科目 | 资金余额 | 用累计发生金额 （不含利息） | 用资金的利息 (如有) | 偿还累计发生 金额 | 期末占用资金 余额 | | | | 控股股东、实际控制人及其附属企业 | | | | | | | | | | | | 小计 | - | - | - | | | | | | | | | 前控股股东、实际控制人及其附属企业 | | | | | | | | | | | | 小计 | - | - | - | | | | | ...

证券代码：300634 证券简称：彩讯股份 公告编号：2025-065 彩讯科技股份有限公司 2025年半年度募集资金存放、管理与使用情况的专项报告 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。 根据《上市公司募集资金监管规则》《深圳证券交易所上市公司自律监管指 引第 2 号——创业板上市公司规范运作》以及《深圳证券交易所创业板上市公司 自律监管指南第 2 号——公告格式》等相关规定，本公司就 2025 年半年度募集 资金存放、管理与使用情况作如下专项报告： 一、募集资金基本情况 1、实际募集资金金额、资金到账时间 经中国证监会出具的《关于同意彩讯科技股份有限公司向特定对象发行股票 注册的批复》（证监许可〔2021〕517 号）核准，公司向特定对象发行 A 股股票 44,001,100 股，发行价格为 11.46 元/股，募集资金总额为人民币 504,252,606.00 元，扣除发行费用人民币 11,285,923.32 元（不含增值税），实际募集资金净额为 人民币 492,966,682.68 元。以上募集资金到账情况已由立信会计师事务所（特殊 普通合 ...