Market Performance - On August 12, the IT services sector rose by 0.21% compared to the previous trading day, with *ST Yunchuang leading the gains [1] - The Shanghai Composite Index closed at 3665.92, up 0.5%, while the Shenzhen Component Index closed at 11351.63, up 0.53% [1] Top Gainers in IT Services - *ST Yunchuang (code: 835305) closed at 17.49, up 10.28% with a trading volume of 109,000 shares and a transaction value of 186 million [1] - Huasheng Tiancai (code: 600410) closed at 15.62, up 10.00% with a trading volume of 4.096 million shares and a transaction value of 6.063 billion [1] - Tianli Technology (code: 300399) closed at 36.50, up 8.47% with a trading volume of 473,200 shares and a transaction value of 1.711 billion [1] Top Losers in IT Services - Desheng Technology (code: 002908) closed at 11.97, down 9.93% with a trading volume of 1.0512 million shares and a transaction value of 1.303 billion [2] - Zhuoyi Information (code: 688258) closed at 67.41, down 4.73% with a trading volume of 66,300 shares and a transaction value of 449 million [2] - Aerospace Hongtu (code: 688066) closed at 23.15, down 4.18% with a trading volume of 209,700 shares and a transaction value of 488 million [2] Capital Flow in IT Services - On the same day, the IT services sector experienced a net outflow of 1.256 billion from institutional investors, while retail investors saw a net inflow of 1.046 billion [2][3] - The top stocks by net inflow from retail investors included Dazhi Technology (code: 600589) with a net inflow of 225 million [3] - The top stocks by net outflow from institutional investors included Dazhi Technology (code: 600589) with a net outflow of 1.14 billion [3]

关于控股股东部分股份质押的公告 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。 慧博云通科技股份有限公司 公 告 证券代码：301316 证券简称：慧博云通 公告编号：2025-053 慧博云通科技股份有限公司 慧博云通科技股份有限公司 公 告 慧博云通科技股份有限公司（以下简称"公司"）于近日接到公司控股股东北京申 晖控股有限公司（以下简称"申晖控股"）的函告，获悉其将部分股份办理了质押，具 体情况如下： 一、股东本次股份质押基本情况 | 股东 | 是否为控股 股东或第一 | 本次质 | 占其所 持股份 | 占公司 总股本 | 是否 | 是否为 | 质押 | | 质押 | | 质押 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 大股东及其 | 押数量 | 比例 | 比例 | 为限 | 补充质 | 起始日 | | 到期日 | 质权人 | 用途 | | | | （股） | | | 售股 | 押 | | | | | | | | 一致行动人 | | ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 688051 | 佳华科技 | 32.37 | -5.02% | 3.59万 | 1.19亿 | | 688229 | 博客数据 | 66'E9 | -4.85% | 2.68万 | 1.74亿 | | 430564 | 天润科技 | 26.52 | -4.19% | 6.48万 | 1.75亿 | | 002908 | 德生科技 | 10.32 | -4.00% | 0 28.29万 | 2.94亿 | | 300399 | 天利科技 | 31.01 | -3.90% | 15.88万 | 5.03亿 | | 837748 | 路桥信息 | 58.55 | -3.80% | 1.58万 | 9476.84万 | | 600446 | 金证股份 | 19.02 | -2.71% | 49.83万 | 9.60亿 | | 002657 | 中科舍财 | 29.60 | -2.57% | 40.04万 | 12.08亿 | | 839790 | 联迪信 ...

天眼查商业履历信息显示，慧博云通科技股份有限公司，成立于2009年，位于杭州市，是一家以从事软 件和信息技术服务业为主的企业。企业注册资本40001万人民币，实缴资本40001万人民币。公司法定代 表人为余浩。 通过天眼查大数据分析，慧博云通科技股份有限公司共对外投资了36家企业，参与招投标项目382次， 知识产权方面有商标信息3条，专利信息10条，此外企业还拥有行政许可15个。 金融界消息 截至2025年7月31日收盘，慧博云通（301316）报收于47.15元，上涨13.31%，换手率 24.38%，成交量59.19万手，成交金额27.11亿元。 资金流向方面，今日主力资金净流入1.13亿元，占比成交额4.15%。其中，超大单净流入1.73亿元、占 成交额6.37%，大单净流出6010.37万元、占成交额2.22%，中单净流出流出8320.30万元、占成交额 3.07%，小单净流出2931.80万元、占成交额1.08%。 慧博云通最新一期业绩显示，截至2025一季报，公司营业总收入5.06亿元、同比增长37.46%，归属净利 润416.27万元，同比减少72.13%，扣非净利润337.87万元，同比减少7 ...

Group 1 - AI application concept saw a strong rise on July 31, with companies like Yidian Tianxia (301171) hitting a 20% limit up, Huibo Yuntong (301316) rising over 16%, and others like Yongyou Network (600588) and Nanxing Co. (002757) also reaching limit up [1] - Alibaba updated its open-source Qwen 3 reasoning model, achieving significant improvements in general and deep thinking capabilities, supporting a context length of 256K and matching the performance of closed-source models like Gemini-2.5 pro and o4-mini [1] - Shanghai-based AI company Jieyue Xingchen launched its new generation foundational model Step3, which emphasizes multi-modal reasoning capabilities and aims to set a new industry standard for reasoning efficiency, with plans to open-source on July 31 [1] Group 2 - CITIC Securities noted that Alibaba's Qwen model has been open-sourced three times, and Jieyue Xingchen's new Step3 model significantly enhances reasoning efficiency, indicating a continuous improvement in domestic model capabilities [2] - The overseas AI coding sector is thriving, with GitHub Copilot projected to achieve approximately $400 million in ARR by December 2024, and Cursor surpassing $500 million in ARR, while Windsurf is expected to exceed $100 million in ARR by April 2025 [2] - Major domestic companies like ByteDance, Alibaba, and Tencent are entering the AI IDE market, which is expected to boost domestic model API usage, with ByteDance having open-sourced Coze on July 26 [2]

Group 1: M&A Activity Overview - From July 14 to July 20, there were 77 M&A events involving listed companies, with 27 classified as significant M&A transactions[9] - Out of the total M&A events, 12 were completed, including 1 significant M&A transaction involving Baota Industrial[9] - There were 3 failed M&A attempts by listed companies, specifically by Lixing Co., Hongming Co., and Zhongji Health[15] Group 2: Policy Updates - On July 18, Tianjin's financial authorities released measures to support M&A, focusing on 12 key industrial chains and establishing a resource pool for quality M&A targets[7] - The Shanghai G60 Science and Technology Innovation Group held a summit on July 16 to discuss M&A and overseas expansion in the context of innovation and industry leadership[7] Group 3: Market Performance - During the week of July 14 to July 20, the restructuring index outperformed the Wind All A index by 0.27%[19] - Over a mid-term view, the restructuring index's rolling 20-day return shifted from negative to positive compared to the Wind All A index[19] Group 4: Control Changes - Two listed companies reported changes in actual control during this period, with Shenjian Co. and Hualan Group undergoing ownership transitions[17]

Investment Rating - The report assigns an "Accumulate" rating for the company with a 6-month outlook [5] Core Viewpoints - The company aims to acquire Baode Computing to create a domestic intelligent digital benchmark, leveraging the AI wave [2] - The company has maintained rapid revenue growth over the past five years, with a year-on-year increase of 14.76% in 2023 and a 37.46% increase in Q1 2025 [1][27] - The company is focusing on a "2+3" development strategy, targeting the TMT and financial services sectors, and building capabilities in AI, big data, and financial technology [3][66] Summary by Sections Company Overview - Established in 2009, the company provides software technology outsourcing, professional technical services, and solutions, with operations in over 200 cities globally [1][12] - The company has formed partnerships with major international clients such as ByteDance and Xiaomi [1][12] Acquisition of Baode Computing - The company plans to acquire 67.91% of Baode Computing to enhance its software and hardware integration capabilities, creating a comprehensive solution ecosystem [2][73] - Baode Computing is a leading provider of computing solutions in China, particularly in AI servers and is positioned as a top player in the domestic market [2][73] Financial Performance and Projections - The company forecasts net profits of 100 million, 130 million, and 160 million yuan for 2025, 2026, and 2027 respectively, with corresponding PE ratios of 169, 131, and 104 [4] - Revenue is projected to grow from 1.36 billion yuan in 2023 to 3.64 billion yuan in 2027, with growth rates of 14.76%, 28.30%, 32.06%, 27.11%, and 24.46% for the respective years [4][27] Business Segmentation - The company’s revenue is derived from software technology outsourcing (61.62%), professional technical services (28.52%), and product solutions (8.47%) [29][30] - Professional technical services have shown significant growth, with a year-on-year increase of 58.69% in 2024 [29] Strategic Focus - The company is leveraging AI advancements to provide enterprise-level AI solutions, significantly reducing integration costs and deployment times by approximately 50% [3][72] - The company is positioned to benefit from the growing demand for computing infrastructure and digital transformation driven by AI [4][66]

证券代码：301316 证券简称：慧博云通 公告编号：2025-052 慧博云通科技股份有限公司 关于发行股份及支付现金购买资产并募集配套资金 慧博云通科技股份有限公司 公 告 暨关联交易事项的进展公告 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。 重要风险提示： （一）慧博云通科技股份有限公司（以下简称"公司"）于 2025 年 5 月 20 日披露 了《慧博云通科技股份有限公司发行股份及支付现金购买资产并募集配套资金暨关联交 易预案》（以下简称"重组预案"）及其摘要，并对本次交易涉及的有关风险因素及尚 需履行的审批程序进行了详细说明，提请广大投资者关注后续进展公告并注意投资风险。 （二）截至本公告披露日，除重组预案中披露的有关风险因素外，公司尚未发现可 能导致公司董事会或者交易对方撤销、中止本次交易或者对本次交易方案作出实质性变 更的相关事项，本次交易相关工作正在有序推进中。公司将根据相关事项的进展情况及 时履行信息披露义务。 一、本次交易概述 公司拟以发行股份及支付现金的方式购买乐山高新投资发展（集团）有限公司等 59 名交易对方合计持有的宝德计算机系 ...

Group 1: Industry Overview - The Chinese software industry has experienced significant growth and has become a leader in global software technology. The focus on software quality has become a key aspect of industry development, with software testing services playing a crucial role in ensuring quality [1] - Software testing services effectively identify and fix defects, enhance product stability and user experience, significantly reduce maintenance costs and risks, ensure data security and system reliability, and optimize development processes through continuous feedback, which is essential for gaining market competitiveness [1] Group 2: Company Expertise - Huibo Yuntong (301316) has over a decade of experience in the research and development of general intelligent terminals and mobile communication services. The company has established a professional testing service system and conducts mobile intelligent terminal testing in over 200 cities globally under various network environments [1] - The company specializes in full-stack testing, combining theory and practice to cover the entire product lifecycle. It provides comprehensive testing services including test planning, design, execution, management, and quality assessment across various industries such as telecommunications, internet, finance, and intelligent manufacturing [3] - Huibo Yuntong is committed to exploring and practicing automation testing technology, possessing various automation testing capabilities and rich R&D experience. The company has formed a specialized automation testing team that ensures smooth and efficient implementation across different testing frameworks and scenarios [4] Group 3: Field Testing Services - With over ten years of experience in field testing, Huibo Yuntong conducts on-site communication protocol and interoperability testing between communication terminals and network base stations in various global cities. This service confirms the communication functionality, performance, and network compatibility of terminals [5] - The company's field testing services include global operator certification testing, network compatibility testing, specialized testing, and localized testing services, ensuring stable operation of communication products worldwide. Huibo Yuntong has built long-term partnerships with major clients, including China Mobile (600941), Xiaomi, Samsung, and Huawei, providing professional testing services [5]

Market Overview - The Shanghai Composite Index rose by 0.39% on July 1, with 20 out of the 28 sectors experiencing gains, led by the comprehensive and pharmaceutical sectors, which increased by 2.60% and 1.80% respectively [1] - The computer industry was the biggest loser, declining by 1.18%, with a net outflow of 8.395 billion yuan in capital [1] Computer Industry Analysis - The computer sector had 336 stocks, with 78 rising and 256 falling; one stock hit the daily limit up while another hit the limit down [1] - Among the stocks with net inflows, 95 saw capital inflows, with five exceeding 50 million yuan; the top inflow was for Xuanji Information, which received 352 million yuan [1] - The top three stocks with the highest capital outflows included Sifang Precision, with an outflow of 731 million yuan, followed by Hengsheng Electronics and Guiding Compass, with outflows of 659 million yuan and 448 million yuan respectively [2] Capital Flow in Computer Sector Inflow Leaders - Xuanji Information: +20.00%, turnover rate 12.50%, net inflow 351.84 million yuan [1] - Changshan Beiming: +3.18%, turnover rate 7.63%, net inflow 107.51 million yuan [1] - Huibo Yuntong: +0.65%, turnover rate 14.50%, net inflow 85.95 million yuan [1] Outflow Leaders - Sifang Precision: -9.55%, turnover rate 25.04%, net outflow -730.62 million yuan [2] - Hengsheng Electronics: -4.32%, turnover rate 5.35%, net outflow -658.75 million yuan [2] - Guiding Compass: -3.45%, turnover rate 8.33%, net outflow -448.06 million yuan [2] ETF Performance - Food and Beverage ETF (Product Code: 515170): No change in the last five days, PE ratio 19.79, net outflow of 4.03 million yuan [4] - Gaming ETF (Product Code: 159869): Increased by 8.63% in the last five days, PE ratio 43.19, net outflow of 10.88 million yuan [4] - Semiconductor ETF (Product Code: 588170): Increased by 2.87% in the last five days, net inflow of 3.79 million yuan [5] - Cloud Computing ETF (Product Code: 516630): Increased by 4.46% in the last five days, PE ratio 102.69, net outflow of 0.41 million yuan [5]