Group 1 - The core viewpoint of the article highlights that Xichuang Data has launched the OmniBot, an embodied intelligent service platform that achieves an end-to-end closed loop from cloud simulation to physical deployment, marking a new phase in robot development [1] - OmniBot integrates NVIDIA's IsaacSim/IsaacLab simulation environment and GROOT robot intelligence model with its own cloud platform, creating a comprehensive cloud-based robot development and operation system [1] - The platform allows developers to complete model training in the cloud, significantly lowering the development threshold and costs through edge computing boxes that deploy models to the robots [1] Group 2 - OmniBot is adaptable to various robotic application scenarios, including industrial sorting, assembly operations, scientific education, and services, thereby aiding in cost reduction for robot development [1] - The company's second-quarter performance was strong, contributing to overall growth in the first half of the year, with intelligent computing products and services, as well as server peripherals and remanufacturing being the main growth drivers [1] - The initial coverage of the company has been rated as "Buy" [1]

Core Insights - OmniBot has achieved an end-to-end closed loop from cloud simulation to physical deployment, marking a new phase in robot development [1][2] - The domestic robot industry is experiencing significant growth, with a year-on-year increase of 27.8% in the first half of the year, and humanoid robots growing nearly 40% [2] Group 1: OmniBot and Robotics Development - OmniBot integrates NVIDIA Isaac Sim/Isaac Lab simulation environment and NVIDIA GROOT robot intelligence model with its own cloud platform, creating a comprehensive cloud-based robot development and operation system [2] - The platform allows developers to complete model training in the cloud and deploy models to robots via edge computing, significantly lowering development barriers and costs [2] - OmniBot is adaptable to various applications such as industrial sorting, assembly operations, scientific education, and services, potentially reducing costs in robot development [2] Group 2: Computing Power Leasing Industry - The computing power leasing market in China is expected to exceed 100 billion yuan by the end of 2024 and is projected to expand to 260 billion yuan by 2026 [3] - The company has completed a bank credit application of 20.5 billion yuan and is advancing its H-share listing plan to enhance its financial base [3] - The company plans to expand its cloud services and computing power leasing business to capitalize on the booming computing power market [3] Group 3: Server Remanufacturing Market - The company has established a complete automated production line for server disassembly, testing, and remanufacturing, positioning itself to benefit from the expanding server remanufacturing market [4] - The global server remanufacturing market is entering a "compliance refurbishment + performance upgrade" cycle, which is favorable for domestic production capacity [3][4] Group 4: Financial Performance - In the first half of 2025, the company achieved a revenue of 4.944 billion yuan, a year-on-year increase of 38.18%, and a net profit of 432 million yuan, up 20.76% [5] - The second quarter saw a significant revenue increase of 57.58% year-on-year, reaching 2.867 billion yuan, with a net profit growth of 34.42% [5] - Key revenue contributors include intelligent computing products and services, which generated 1.221 billion yuan (up 100%) and server peripherals and remanufacturing, which generated 835 million yuan (up 119.49%) [5][6]

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1][14]. Core Views - The OmniBot platform has achieved an end-to-end closed loop from cloud simulation to physical deployment, marking a new phase in robot development [4][5]. - The domestic robotics industry is experiencing significant growth, with a year-on-year increase of 27.8% in the first half of the year, and humanoid robots growing nearly 40% [6]. - The company is expected to benefit from the expanding server remanufacturing market, which is entering a "compliance refurbishment + performance upgrade" cycle [9]. Summary by Sections Recent Performance - The company's stock has shown impressive performance over the past year, with a 396.1% increase compared to the Shanghai and Shenzhen 300 index's 36.2% [3]. Business Developments - The OmniBot platform integrates NVIDIA's simulation environment and robot intelligence models with its own cloud platform, significantly lowering development barriers and costs [5]. - The company has completed a bank credit application of 20.5 billion yuan and is advancing its H-share listing plan to enhance its financial base [7]. Financial Performance - In the first half of 2025, the company reported a revenue of 4.944 billion yuan, a year-on-year increase of 38.18%, and a net profit of 432 million yuan, up 20.76% [10]. - The second quarter saw a revenue of 2.867 billion yuan, a substantial year-on-year growth of 57.58%, with a net profit of 263 million yuan, up 34.42% [10]. Revenue Breakdown - Smart computing products and services generated 1.221 billion yuan in revenue, doubling year-on-year [10]. - Server peripherals and remanufacturing contributed 835 million yuan, also showing a significant increase of 119.49% year-on-year [11]. Future Projections - Revenue projections for 2025-2027 are 11.879 billion yuan, 17.261 billion yuan, and 23.640 billion yuan, respectively, with corresponding net profits of 1.255 billion yuan, 1.856 billion yuan, and 2.612 billion yuan [11][13]. - The expected EPS for 2025-2027 are 3.62 yuan, 5.36 yuan, and 7.55 yuan, with P/E ratios of 47.45, 32.08, and 22.79, respectively [11][14].

在技术与业务创新方面，2021年，协创数据战略性入股西安思华信息技术有限公司，成功构建"硬件 +云平台"的商业模式。2024年，公司推出的FCloud智能体训推平台，集成了DeepSeek等超50个模型， 可实现72小时私有化部署。今年年初，协创数据与英伟达深度合作，推出了机器人训推一体平台 omnibot。该产品通过数字孪生仿真模拟重力、摩擦、惯性等物理规律，生成符合现实逻辑的合成数 据，解决机器人训练中"Sim2Real差距"(仿真与现实差异)的痛点。 谈及AI服务器市场的未来发展趋势，耿康铭表示，随着AI深度融入生产力，预计到2028年至2029年， 算力需求将呈现指数级增长。协创数据将凭借在海外服务器回收维修业务中积累的技术和独特优势，将 AI的硬件制造(存储设备、终端等)和软件服务(云平台、算力服务等)作为核心战略方向，同时加大在智 慧交通、具身智能、智能制造、生物医药等领域的应用落地，驱动营收与利润持续扩大。 本报讯(记者刘晓一)近日，协创数据（300857）技术股份有限公司(以下简称"协创数据")董事长耿康铭 在与媒体交流时表示，AI服务器市场正处于爆发式增长的关键阶段，未来规模具备实现十倍甚至 ...

公司发布的半年报数据显示，上半年公司共实现营业收入49.44亿元，同比增长38.18%，实现净利润 4.32亿元，同比增长20.76%，基本每股收益为1.2600元，加权平均净资产收益率12.51%。（数据宝） 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 协创数据股价再创历史新高，该股近期呈不断突破新高之势，近一个月累计有11个交易日股价刷新历史 纪录。截至09:46，该股目前上涨4.32%，股价报170.49元，成交785.68万股，成交金额13.41亿元，换手 率2.28%，该股最新A股总市值达590.10亿元，该股A股流通市值588.41亿元。 证券时报·数据宝统计显示，协创数据所属的电子行业，目前整体涨幅为2.07%，行业内，目前股价上涨 的有361只，涨停的有冠捷科技、国光电器等6只。股价下跌的有118只，跌幅居前的有臻镭科技、永新 光学、晶赛科技等，跌幅分别为13.54%、7.73%、5.95%。 两融数据显示，该股最新（9月19日）两融余额为37.97亿元，其中，融资余额为37.73亿元，近10日增加 15.78亿元，环比增长71.87%。 ...

Group 1 - The storage chip market is experiencing a new wave of price increases, with major companies like Sandisk and Micron announcing price hikes of over 10% and 20%-30% respectively [2][3] - The price adjustments are driven by strong demand from North American cloud service providers (CSPs) for server construction, leading to a robust procurement demand for storage chips, including DRAM and NAND Flash products [2][3] - The current market environment is characterized by supply shortages, prompting NAND Flash suppliers to signal price increases, followed by DRAM suppliers pausing quotes [2][5] Group 2 - Major storage manufacturers attribute the price hikes to the growing storage needs driven by artificial intelligence applications and the increasing demand in data centers and mobile sectors [3][4] - The price increases are expected to continue as the supply side holds a stronger bargaining position, leading to sustained revenue growth for global storage suppliers [5][7] - The stock prices of storage module manufacturers have risen significantly in response to the price hikes and the tightening supply situation [6][7] Group 3 - The overall stock prices of A-share storage industry companies have seen substantial increases since September, with some companies experiencing over 80% gains [7] - The price adjustments by major manufacturers are expected to have immediate effects on consumer market products, while business-to-business markets will see price transmission in future contracts [8] - Domestic storage manufacturers may benefit from the price increases, as customers might shift towards local suppliers due to price stability and competitive pricing strategies [8]

Core Insights - The Forbes list of China's top 30 multinational companies highlights the strength of Shenzhen enterprises, with five companies making the list: BYD, Jiangbolong, Luxshare Precision, Xiechuang Data, and Yingshi Innovation [1][2] Group 1: BYD - BYD reported a revenue of 371.3 billion yuan for the first half of 2025, a year-on-year increase of 23% [1] - The net profit attributable to shareholders reached 15.5 billion yuan, up 14% year-on-year [1] - BYD's cash reserves stood at 156.1 billion yuan, with overseas revenue reaching 135.4 billion yuan, a significant increase of 50.5% compared to the same period last year, accounting for 36.5% of total revenue [1] - Global sales from January to July reached 2.49 million units, a 27% increase year-on-year, with overseas sales exceeding 550,000 units, growing over 130% [1] Group 2: Xiechuang Data - Xiechuang Data invested 7 billion yuan in the first half of the year to procure high-performance servers, enhancing its business layout across China, the US, Europe, and the Asia-Pacific [2] - The company achieved a revenue of 4.944 billion yuan in the first half of the year, reflecting a year-on-year growth of 38.18% [2] - The net profit attributable to shareholders was 432 million yuan, an increase of 20.76% year-on-year [2] Group 3: Jiangbolong - Jiangbolong reported a revenue of 10.196 billion yuan in the first half of the year, marking a year-on-year increase of 12.80% [2] - The net profit attributable to shareholders was 14.7663 million yuan, a significant decrease of 97.51% year-on-year [2] - The overseas brand Zilia generated sales of 1.388 billion yuan, a year-on-year growth of 40.01% [2] Group 4: Luxshare Precision - Luxshare Precision's revenue for the first half of the year reached 124.503 billion yuan, a year-on-year increase of 20.18% [2] - Overseas revenue amounted to 105.726 billion yuan, growing 17.38% year-on-year, and accounting for 84.82% of total revenue [2] - The net profit attributable to shareholders was 6.644 billion yuan, reflecting a year-on-year increase of 23.13% [2] - The company is planning a Hong Kong listing with an expected fundraising of over 1 billion USD to support its global strategy [2] Group 5: Yingshi Innovation - Yingshi Innovation achieved a revenue of 3.671 billion yuan in the first half of the year, a year-on-year growth of 51.17% [2] - The net profit attributable to shareholders was 520 million yuan, showing a slight increase of 0.25% year-on-year [2]

Group 1 - Forbes China released a list of the top 30 multinational companies, with five Shenzhen enterprises including BYD, Jiangbolong, Luxshare Precision, Xiechuang Data, and Yingshi Innovation making the cut, highlighting the global expansion capabilities of these firms [1][3] - The list focuses on companies that have achieved robust global expansion in brand, supply chain, and R&D, with Shenzhen firms representing one-sixth of the total [1][3] - The evaluation criteria included market capitalization, overseas revenue growth, market share, competitiveness, and stock performance in 2023, identifying companies that exemplify successful globalization [3] Group 2 - BYD reported a significant increase in overseas revenue, with a net increase of 61.66 billion yuan year-on-year, the highest among A-share listed companies [3] - Companies in the computing power sector, particularly Xiechuang Data, have seen rapid overseas revenue growth, transforming from traditional electronic manufacturing to AI computing service providers [3] - The AI server market is experiencing explosive growth, with major tech companies like Meta, OpenAI, Tesla, and Microsoft planning to invest hundreds of billions in large model training over the next three years, indicating a burgeoning demand for enterprise-level computing power [3] Group 3 - Yingshi Innovation has accelerated its global market presence, with nearly 80% of its revenue coming from overseas, emphasizing the importance of tailored marketing strategies for different regions and applications [4] - The company’s diverse product applications and markets have driven its international growth, with a focus on precision marketing as a key to successful expansion [4]

Group 1: Storage Industry Insights - In the second half of 2023, storage prices hit a low, with some products like NAND Flash experiencing a decline of over 60% [1] - Starting in 2024, manufacturers are expected to reduce production to stabilize prices, leading to a full price increase cycle by 2025 [1] - The global storage market is projected to reach a historical high, with an estimated scale of over $250 billion to $300 billion by 2025, driven by continuous data growth and increased domestic production rates [1] Group 2: Company Performance and Strategy - Co-creation Data (300857) demonstrates strong competitiveness in the storage sector, offering a complete product line in SSDs that meet the high-performance storage demands of the AI era [1] - The company is expected to benefit from three favorable factors: price elasticity in the storage industry, deepening domestic substitution, and technological upgrades, which will support its performance [1] Group 3: Innovations in Robotics and Automation - Co-creation Data has made significant innovations in industrial automation and intelligent robotics, addressing key challenges in efficient and low-cost robot development and deployment [2] - The FCloud OmniBot platform utilizes a "cloud-edge-end" collaborative architecture to redefine the entire process of robot research and application, enhancing developer efficiency [2][3] Group 4: OmniBot Platform Features - The OmniBot platform integrates NVIDIA's simulation environments and models, creating a comprehensive and user-friendly cloud-based robot development and operation system [2][3] - The platform supports various functionalities, including cloud simulation, model training, and seamless deployment to multiple robot hardware [3] Group 5: Market Potential and Future Growth - The AI server market is experiencing explosive growth, with major tech companies planning to invest hundreds of billions in large model training over the next three years, indicating a significant increase in enterprise-level computing demand [4] - Co-creation Data's dual focus on storage and robotics positions it well to capitalize on growth opportunities in both high-growth sectors, enhancing its market competitiveness [6]

| 权益类证券大宗交易(协议交易) | | | | | | 团 下载 | | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 (万股/万份) | 成交金额 买方营业部 (万元) | 卖方营业部 | | 2025-09-18 | 300857 | 协创数据 | 134.08 | 7.70 | 1,032.42 中国银河证券股份 | 中国银河证券股份 | | | | | | | 有限公司北京苏州 | 有限公司北京苏州 | | | | | | | 街证卷壹业部 | 街示卷型业部 | 9月18日，协创数据大宗交易成交7.7万股，成交额1032.42万元，占当日总成交额的0.23%，成交价 134.08元，较市场收盘价163.01元折价17.75%。 ...