证券代码：300846 证券简称：首都在线 公告编号：2025-106 北京首都在线科技股份有限公司 关于完成工商变更登记并取得新营业执照的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、本次变更的基本情况 公司于 2025 年 8 月 29 日在巨潮资讯网披露了《关于 2023 年限制性股票激励计划 预留授予部分第一个归属期限制性股票归属结果暨股份上市公告》（公告编号： 2025-081），本次归属第二类限制性股票 387,800 股，归属完成后，公司总股本由 501,908,216 股变更为 502,296,016 股，公司注册资本由人民币 501,908,216 元变更为人民 币 502,296,016 元。 公司于 2025 年 11 月 5 日在巨潮资讯网披露了《关于 2023 年限制性股票激励计划 首次授予部分第一个归属期限制性股票第二批次归属结果暨股份上市公告》（公告编号： 2025-101），本次归属第二类限制性股票 600,000 股，归属完成后，公司总股本由 502,296,016 股变更为 502,896,016 股，公司注册资本由 ...

中证智能财讯首都在线（300846）11月26日公告，公司近日收到国家工业和信息化部颁发的国家级专精 特新"小巨人"企业证书，有效期为3年。公司通过北京市第七批专精特新"小巨人"企业复核，且公示期 已结束。 专精特新"小巨人"企业是工信部评选的专注于细分市场、创新能力强、市场占有率高、掌握核心关键技 术、质量效益优的排头兵企业。此次复核通过是对公司专业化、精细化、特色化、新颖化的认可，也是 对公司研发创新能力和业务发展规模的肯定。 公司表示，此次认证有利于提高核心竞争力和行业影响力，对发展将产生积极影响；未来将继续秉承专 精特新精神，强化自主创新，聚焦核心业务，满足各行业数字化转型需求。 首都在线主营业务是为千行百业提供包括通用计算和智算在内的云服务、通信网络服务、IDC服务以及 综合解决方案。前三季度公司实现营业总收入9.26亿元。 ...

每经AI快讯，首都在线（SZ 300846，收盘价：21.34元）11月25日晚间发布公告称，近日，公司收到国 家工业和信息化部颁发的国家级专精特新"小巨人"企业证书，有效期为3年。 每经头条（nbdtoutiao）——国开行辟谣的"人民资产"是什么？记者实探：号称投资600元80天赚8万 元！一位投资人的女儿：劝不住她，警察都拦不住 （记者 曾健辉） 2025年1至6月份，首都在线的营业收入构成为：计算机软件应用占比26.09%，其他占比25.57%，大模 型及AIGC占比16.4%，游戏占比15.62%，视频占比8.03%，电商占比5.43%。 截至发稿，首都在线市值为107亿元。 ...

智通财经APP讯，首都在线(300846.SZ)发布公告，根据北京市经济和信息化局发布《关于北京市第七批 专精特新"小巨人"企业和2025年专精特新"小巨人"复核通过企业名单进行公示的通知》，公司通过国家 级专精特新"小巨人"企业复核。截至公告日，上述公示期已结束。近日，公司收到国家工业和信息化部 (简称"工信部")颁发的国家级专精特新"小巨人"企业证书，有效期为3年。 ...

首都在线（300846）(300846.SZ)发布公告，根据北京市经济和信息化局发布《关于北京市第七批专精 特新"小巨人"企业和2025年专精特新"小巨人"复核通过企业名单进行公示的通知》，公司通过国家级专 精特新"小巨人"企业复核。截至公告日，上述公示期已结束。近日，公司收到国家工业和信息化部(简 称"工信部")颁发的国家级专精特新"小巨人"企业证书，有效期为3年。 ...

格隆汇11月25日丨首都在线(300846.SZ)公布，根据北京市经济和信息化局发布《关于北京市第七批专 精特新"小巨人"企业和2025年专精特新"小巨人"复核通过企业名单进行公示的通知》，北京首都在线科 技股份有限公司通过国家级专精特新"小巨人"企业复核。截至本公告日，上述公示期已结束。近日，公 司收到国家工业和信息化部颁发的国家级专精特新"小巨人"企业证书，有效期为3年。 ...

证券代码：300846 证券简称：首都在线 公告编号：2025-105 北京首都在线科技股份有限公司 关于公司通过国家级专精特新"小巨人"企业复核 并完成公示的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 特此公告。 近日，公司收到国家工业和信息化部（以下简称"工信部"）颁发的国家级专精特 新"小巨人"企业证书，有效期为 3 年。 二、对公司的影响 专精特新"小巨人"企业是工业和信息化部为贯彻落实中共中央办公厅、国务院办 公厅《关于促进中小企业健康发展的指导意见》有关要求，经各省级主管部门推荐报送、 工信部组织专家评审及社会公示等流程而评选产生的专注于细分市场、创新能力强、市 场占有率高、掌握核心关键技术、质量效益优的排头兵企业。 公司此次复核通过国家级专精特新"小巨人"企业，是工信部对公司专业化、精细 化、特色化、新颖化的认可，也是对公司研发创新能力、业务发展规模等方面的肯定， 有利于提高公司核心竞争力和在行业内的影响力，对公司的发展将产生积极影响。 此后，公司将继续秉承专精特新"小巨人"企业的专业化、精细化、特色化、新颖 化精神，不断强化公司的自主创新 ...

Core Insights - The company reported a Q3 revenue of 297 million, a year-on-year decrease of 12.52%, while the net profit attributable to shareholders was -28 million, an increase of 47.55% year-on-year, indicating a significant reduction in losses on the profit side [1] - The company is actively adjusting its revenue structure towards high-quality business, with a notable improvement in gross margin to 11.91%, up 5.53 percentage points year-on-year [2] Financial Performance - For the year-to-date, the net cash flow from operating activities was 87 million, a decline of 49.77% year-on-year [1] - The company’s expenses showed a mixed trend, with an increase in sales expense ratio to 6.02%, while R&D and management expense ratios decreased to 5.17% and 11.34% respectively [1] Strategic Adjustments - The company is focusing on high-power intelligent computing center construction and strategically reducing low-margin traditional IDC business to enhance overall operational quality [2] - As of Q3 2025, the company’s right-of-use assets increased by 202.25% to 161 million, and lease liabilities rose by 256.06% to 128 million, indicating accelerated infrastructure development [2] Growth Potential - The company’s asset disposal income increased by 513.46% year-on-year, reflecting strong operational and management capabilities [2] - The company is expanding its global layout and strengthening domestic core node construction, with new data centers in Huailai and Wuhu, contributing to a nationwide intelligent computing network [3] Collaborative Initiatives - A strategic cooperation framework agreement was signed with the government of Yulin City, focusing on building a domestic heterogeneous computing adaptation center and fostering talent development [3] - The company aims to act as an enabler in intelligent computing, expanding global business and constructing an open ecosystem [3]

Investment Rating - The investment rating for the company is "Buy" and is maintained [8] Core Insights - The company reported a Q3 revenue of 297 million, a year-on-year decrease of 12.52%. However, the net profit attributable to the parent company was -28 million, showing a year-on-year increase of 47.55%. The non-recurring net profit attributable to the parent company was -39 million, with a year-on-year increase of 31.85%, indicating a significant reduction in losses and a proactive adjustment towards high-quality business [2][5] - The company's main business includes cloud services, communication network services, IDC services, and comprehensive solutions, with a strong operational capability expected to benefit from the increasing demand for reasoning computing power as AI applications gradually take off [2][5] - The company is focusing on high-power intelligent computing center construction and strategic adjustments to its IDC business, aiming to enhance overall operational quality [12] Financial Performance - As of Q3 2025, the company's cash flow from operating activities was 87 million, a year-on-year decrease of 49.77%. The gross profit margin for Q3 was 11.91%, an improvement of 5.53 percentage points year-on-year [5][12] - The company’s usage rights assets increased by 202.25% year-on-year to 161 million, while lease liabilities rose by 256.06% to 128 million, indicating accelerated infrastructure construction [12] - The company expects net profits attributable to the parent company to be -150 million, -70 million, and 50 million for the years 2025, 2026, and 2027 respectively [12] Strategic Developments - The company is enhancing its global layout and strengthening domestic core node construction, with new data centers in Huailai and Wuhu expected to create a nationwide intelligent computing network [12] - A strategic cooperation framework agreement was signed with the government of Yulin City, focusing on building a heterogeneous computing power adaptation center and fostering a computing power ecosystem [12] - The company aims to act as an enabler of intelligent computing, expanding global business and building an open ecosystem [12]

Group 1 - The company’s AI Infra platform is built on Kubernetes, designed as an enterprise-level inference system project [2] - The platform optimizes resource scheduling and achieves adaptive scaling capabilities, providing efficient, low-cost, and scalable solutions for large model deployments [2] - Currently, the platform supports nearly 10,000 card-level inference task scheduling capabilities [2]