Core Insights - The company reported a significant increase in revenue for the year 2024, achieving 31.316 billion yuan, a year-on-year growth of 78.13%, but the net profit attributable to shareholders decreased by 66.21% to 180 million yuan [1] - The gross profit margin for 2024 was 12.46%, showing a slight decline compared to the previous year [1] - The company is actively embracing AI and expanding its strategic focus on AI, data elements, industrial internet, and intelligent financial assets [4] Financial Performance - In Q4 2024, the company achieved a revenue of 9.109 billion yuan, a year-on-year increase of 91.79%, while the net profit attributable to shareholders was 104 million yuan, down 42.49% [2] - The gross profit margin for Q4 2024 was 12.88%, with a decrease in expense ratios for sales, management, and R&D [2] - For Q1 2025, the company reported a revenue of 7.011 billion yuan, a year-on-year growth of 28.65%, but a net loss of 198 million yuan, an improvement from a loss of 277 million yuan in the same period last year [3] Strategic Developments - The company completed the acquisition and integration of Tongfang Computer in January 2024, rebranding it as Softcom Computer in November 2024, enhancing its capabilities in IT infrastructure solutions [5] - Softcom Computer focuses on both PC terminal and enterprise-level businesses, providing a wide range of products that support various mainstream technology platforms [6] - The company is investing in AI technology and developing innovative solutions to support industry transformation, including the DenovoX intelligent computing service platform [4] Future Outlook - Revenue projections for 2025-2027 are estimated at 36.243 billion yuan, 43.555 billion yuan, and 53.334 billion yuan, with corresponding net profits of 356 million yuan, 432 million yuan, and 545 million yuan, indicating a recovery in performance driven by innovation and AI [7]

Investment Rating - The report maintains a "Strong Buy" investment rating for the company [3][7]. Core Views - The company is expected to face profit pressure in 2024 due to mergers and acquisitions, but the software business shows signs of stabilization and improvement. The company is well-positioned to capitalize on opportunities in AI and domestic production [1][7]. - The company achieved a total revenue of 31.316 billion yuan in 2024, reflecting a year-on-year growth of 78.13%, while the net profit attributable to shareholders was 180 million yuan, down 66.21% year-on-year [7]. - The report emphasizes the company's strategy of integrating hardware and software, which is expected to enhance profitability in the future [7]. Financial Data and Valuation - Total revenue projections for the company are as follows: 17.581 billion yuan in 2023, 31.316 billion yuan in 2024, and expected growth to 32.906 billion yuan in 2025 [2][13]. - The net profit attributable to shareholders is projected to recover from 180 million yuan in 2024 to 370 million yuan in 2025, with a growth rate of 105% [2][14]. - The company's price-to-earnings (PE) ratio is projected to decrease from 306.9 in 2024 to 149.5 in 2025, indicating a potential improvement in valuation [2][14]. Business Performance - In 2024, the company's software and digital technology services generated revenue of 18.121 billion yuan, while the computer products and intelligent electronics business contributed 12.920 billion yuan [7]. - The company has launched several AI products and established strategic partnerships to enhance its offerings in various industries, including insurance, retail, and healthcare [7]. - The company is focusing on domestic production, with its PC terminal business leading in the government and education sectors [7].

Group 1 - Softcom Power (301236.SZ) reported its Q1 2025 earnings on April 30, 2025, with 40 institutional investors holding a total of 248 million shares, representing 25.99% of the total share capital [1] - The top ten institutional investors collectively hold 24.78% of the shares, with a decrease of 0.97 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, nine funds increased their holdings, with a total increase of 0.13%, while eight funds decreased their holdings, with a total decrease of 0.29% [2] - Thirteen new public funds disclosed their holdings this period, while 313 funds did not disclose their holdings compared to the previous quarter [2] Group 3 - In terms of foreign investment, one foreign fund, Hong Kong Central Clearing Limited, increased its holdings by 0.30%, while CEL Bravo Limited decreased its holdings by 0.72% [3]

Core Viewpoint - The Huawei Ascend concept stock has shown a significant increase, ranking fifth among concept sectors with a rise of 3.44% as of the market close on April 30, indicating strong investor interest and capital inflow in this sector [1][2]. Market Performance - The Huawei Ascend concept sector saw 65 stocks rise, with notable performers including Creative Information (up 20%), Changshan Beiming (up 10%), and New Zhisoft (up 13.39%) [1][2]. - The sector's performance contrasts with declines in stocks such as *ST Zhisheng (down 4.97%) and Fenghuo Communication (down 1.48%) [1]. Capital Inflow - The Huawei Ascend concept sector experienced a net capital inflow of 1.839 billion yuan, with 45 stocks receiving net inflows, and 10 stocks seeing inflows exceeding 50 million yuan [2]. - Changshan Beiming led the inflow with 1.138 billion yuan, followed by Shenzhou Digital and Ruantong Power with inflows of 184 million yuan and 149 million yuan, respectively [2]. Stock Flow Ratios - The top stocks by net capital inflow ratio included Changshan Beiming (53.92%), *ST Zhisheng (35.91%), and Creative Information (26.97%) [3]. - The trading volume and turnover rates for these stocks indicate strong market activity, with Changshan Beiming showing a turnover rate of 6.00% [3][4]. Notable Stock Movements - Creative Information had a remarkable increase of 19.93%, while New Zhisoft and Tianyuan Dike also showed significant gains of 8.89% and 6.09%, respectively [5][6]. - Conversely, *ST Zhisheng faced a decline of 4.97%, reflecting potential challenges within that stock [5].

Core Insights - Huawei Euler concept stock rose by 3.11%, ranking 8th among concept sectors, with 42 stocks increasing in value [1] - The leading gainers in the sector included Creative Information with a 20% limit up, followed by Tianyuan Dike and Tuosida with increases of 8.89% and 5.38% respectively [1] - The sector saw a net inflow of 172 million yuan from main funds, with 24 stocks receiving net inflows, and 6 stocks exceeding 50 million yuan in net inflow [1] Fund Flow Analysis - Creative Information, Tuosida, and Jingjiawei had the highest net inflow ratios at 26.97%, 9.50%, and 9.21% respectively [2] - The top stocks in the Huawei Euler concept for net fund inflow included Softcom Power with 149 million yuan, Creative Information with 98.79 million yuan, and Tuosida with 77.79 million yuan [2] - The trading volume and turnover rates for these stocks indicate strong investor interest, with Creative Information showing a turnover rate of 9.93% [2] Performance Summary - The overall performance of the Huawei Euler concept was positive, with several stocks showing significant gains, while a few experienced declines, such as Xincheng Technology and Zhongke Tongda, which fell by 1.20% and 1.04% respectively [1][3] - The concept sector's performance was contrasted by other sectors, such as Free Trade Port and Dye, which saw declines of -1.28% and -1.21% respectively [1] - The data indicates a robust interest in AI and technology-related stocks, particularly those associated with Huawei's initiatives [1][2]

Group 1 - Huawei Pangu concept stock increased by 3.94%, ranking second in the concept sector, with 27 stocks rising, including Creative Information which hit a 20% limit up [1][2] - The leading stocks in the Huawei Pangu concept include Changshan Beiming, which also reached the limit up, and other notable gainers such as Hanxin Technology, Jiulian Technology, and Tuolisi, with increases of 7.91%, 6.25%, and 6.11% respectively [1][2] Group 2 - The Huawei Pangu concept sector saw a net inflow of 1.291 billion yuan from main funds, with 15 stocks receiving net inflows, and 11 stocks exceeding 10 million yuan in net inflow [2][3] - Changshan Beiming led the net inflow with 1.138 billion yuan, followed by Softcom Power, Creative Information, and Kute Intelligent with net inflows of 149.9 million yuan, 98.7943 million yuan, and 26.8907 million yuan respectively [2][3] Group 3 - In terms of net inflow ratios, Changshan Beiming, Creative Information, and Jiulian Technology had the highest ratios at 53.92%, 26.97%, and 13.97% respectively [3][4] - The trading performance of key stocks in the Huawei Pangu concept shows significant turnover rates, with Changshan Beiming at 6.00%, Softcom Power at 5.25%, and Creative Information at 9.93% [3][4]

Investment Rating - The report maintains a "Recommended" rating for the company [6] Core Insights - The company reported a significant revenue increase of 78.13% year-on-year, reaching 31.316 billion yuan, while the net profit attributable to shareholders decreased by 66.21% to 180 million yuan [3] - The company is strengthening its core competitiveness as a leader in the Huawei supply chain, with three main business segments showing robust growth [4] - The company is actively developing its hardware and software integration strategy, including advancements in the HarmonyOS ecosystem and robotics, which are expected to drive long-term growth [8] Summary by Relevant Sections Business Performance - The software and digital technology services segment generated 18.121 billion yuan in revenue, up 3.08% year-on-year, with notable projects in AI and strategic partnerships [4] - The computing products and smart electronics segment achieved 12.920 billion yuan in revenue, with a 106% year-on-year increase in PC shipments, capturing a 9% market share [4] - The digital energy and intelligent computing services segment reported 25.9 million yuan in revenue, focusing on new energy systems and smart infrastructure [4] Future Outlook - The company is expected to see net profits of 454 million yuan in 2025, 710 million yuan in 2026, and 983 million yuan in 2027, with corresponding PE ratios of 118X, 75X, and 54X [9][10] - The report highlights the company's unique positioning in the market due to its comprehensive software and AI platform integration, which is anticipated to enhance its long-term growth potential [8] Financial Projections - Revenue projections for the next few years are as follows: 37.689 billion yuan in 2025, 44.899 billion yuan in 2026, and 52.649 billion yuan in 2027, with growth rates of 20.4%, 19.1%, and 17.3% respectively [9] - The net profit is projected to rebound significantly in the coming years, with a growth rate of 151.9% in 2025 and 56.2% in 2026 [9][10]

Group 1 - The third Fujian-Hong Kong Digital Economy Cooperation Forum and A.I³ Exploration Conference was held in Fuzhou, focusing on digital economy and AI collaboration to enhance regional development [1] - The forum emphasized the strong foundation for cooperation between Fujian and Hong Kong, leveraging AI as a core driver for new projects and collaboration [1] - The president of the Greater Bay Area International Information Technology Association highlighted the complementary strengths of Fujian and Hong Kong in digital economy, with Fujian excelling in application scenarios and talent, while Hong Kong leads in financial trade and data flow mechanisms [2] Group 2 - Hong Kong has made progress in digital economy strategies since the establishment of the Digital Economy Development Committee in 2022, including cross-border data flow standards and AI application guidelines [2] - A strategic partnership was signed among various entities, including the government of Changle District in Fujian and Hong Kong Youth Technology Association, to enhance the digital economy industry chain [2] - A roundtable discussion on "Data + AI" provided insights into data circulation and AI implementation, contributing to the digital transformation of enterprises [3]

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 软通动力信息技术（集团）股份有限公司（以下简称"公司"）根据《企业 会计准则》《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》《深圳证券交易所创业板上市公司自律监管指南第1号——业务办理》等 相关规定，对截至2025年3月31日合并财务报表范围内相关资产计提减值准备， 现将有关情况公告如下： 一、本次计提资产减值准备情况概述 （一）计提减值准备的原因 为更加真实、准确地反映公司财务状况及经营成果，依照《企业会计准则》 《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》 等相关规定的要求，基于谨慎性原则，公司对公司及下属子公司存在减值迹象的 各类资产进行了减值测试，并计提相应减值准备。 （二）计提资产减值准备的资产范围和总金额 证券代码：301236 证券简称：软通动力 公告编号：2025-040 软通动力信息技术（集团）股份有限公司 关于 2025 年第一季度计提资产减值准备的公告 2025年第一季度计提信用减值损失和资产减值损失共计7,587.72万元，具体 明细如下 ...

软通动力信息技术（集团）股份有限公司 第二届监事会第十六次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 软通动力信息技术（集团）股份有限公司（以下简称"公司"）于 2025 年 4 月 26 日发出通知，2025 年 4 月 29 日以现场及通讯表决方式召开了第二届监事会第 十六次会议，会议应到监事 3 名，实到监事 3 名。会议的召集和召开程序符合有 关法律、行政法规、部门规章、规范性文件和公司章程的有关规定。本次会议由 监事会主席唐琳女士主持，公司部分高级管理人员列席了本次会议，经过认真审 议，形成如下决议： 一、会议审议通过如下议案 1、审议通过《关于 2025 年第一季度报告的议案》 证券代码：301236 证券简称：软通动力 公告编号：2025-037 监事会经认真审核，认为：公司董事会编制并审核的 2025 年第一季度报告 程序符合法律、法规和中国证监会的规定，报告内容真实、准确、完整地反映了 公司 2025 年第一季度的实际成果和财务状况，不存在虚假记载、误导性陈述和 重大遗漏。 具体内容详见同日刊登在巨潮资讯网上的《2025 年 ...