多场景K歌系统行业 丨研究报告 摘要： 技术层面：国内头部K歌系统商不断加码研发投入，专利布局向智能化延伸；同时K歌系统技术实现跨越式 迭代升级，AI已可全流程赋能K歌娱乐体验，成为驱动行业突破发展的"核心引擎"。 政策层面：文旅部、中娱协、音集协三方协同发力，构筑"内容+版权"双防线；曲库版权上，国内K歌场景 已确立"二合一"版权许可机制，保障曲库版权流转和使用合法合规。 行业发展现状 中国K歌系统行业正处于生态融合期，从初始封闭娱乐场景演进至全域开放生态。并且已形成以K歌系统商 为核心的结构清晰、涵盖多类参与者的完整产业生态。 2024年中国K歌系统行业市场规模达14.5亿元，受益于车载、户外等多场景业务拓展驱动，预计未来几年里 继续维持较高增速，2028年将突破30亿元，增长态势稳健。 行业发展环境 经济层面：国内宏观经济稳增及消费能力提升，稳固了文娱消费根基；国民人均收支同步增长，尤其是消费 结构中文教消费规模攀升，也有助于释放大众娱乐消费潜力。 社会层面：音乐产业规模稳步复苏，从供给端为多场景K歌系统行业提供了丰富的内容储备与发展 动能；网 络K歌凸显的用户粘性以及K歌娱乐多维健康价值，为行业注入了 ...

●本次交易不构成关联交易，亦不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 ●本次交易已经公司第五届董事会第二次会议审议通过，无需提交股东大会审议。 ●风险提示： 1、若本次交易涉及其他政府主管部门同意和批准，是否能够顺利通过审批以及审批时间存在一定的不 确定性。 登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ●根据北京浩瀚深度信息技术股份有限公司（以下简称"浩瀚深度"或"公司"或"上市公司"）的整体战略 布局及业务发展需要，公司、公司全资子公司合肥浩瀚深度信息技术有限公司（以下简称"合肥浩瀚"） 与康俊燕、中宇联云计算服务（上海）有限公司（以下简称"中宇联"）、云边云科技（上海）有限公司 （以下简称"云边云"或"目标公司"）、上海丰瑞诚企业管理咨询合伙企业（有限合伙）（以下简称"丰 瑞诚"）、上海聚亦方企业管理咨询合伙企业（有限合伙）（以下简称"聚亦方"，与"丰瑞诚"合称"员工 持股平台"）拟签署《股权/财产份额收购协议》。公司拟以现金83, ...

浩瀚深度(688292)1月7日公告，公司拟以现金8330万元收购康俊燕、中宇联云计算服务（上海）有限公 司持有的云边云科技（上海）有限公司（简称"云边云"）34%的股权，全资子公司合肥浩瀚深度信息技 术有限公司拟以245万元收购康俊燕持有的丰瑞诚、聚亦方各5%的财产份额（分别对应目标公司各0.5% 的股权），取得目标公司20%的表决权。通过上述交易，公司合计控制云边云54%的表决权并取得目标 公司的控制权。 云边云成立于2024年1月2日，是一家专注于云网融合的高科技企业。公司致力于研发与服务下一代智能 网络解决方案，核心是构建云、网、边、端一体化的AI赋能体系，为企业客户提供智能化的云网架构 优化、主动安全访问及边缘计算服务。 浩瀚深度披露的公告显示，目前，云边云已形成以"智能连接"与"边缘智能"为核心的产品矩阵，涵盖智 能SD-WAN、AI增强型SASE安全访问、容器混合云平台及AI边缘网关等关键产品与解决方案。公司的 解决方案已广泛应用于企业多分支智能组网、多云智能互联、跨境应用加速、工业设备预测性运维等关 键场景，服务覆盖连锁零售、智能制造等诸多行业，形成了"云网为基、AI为核、边端协同"的成熟服务 ...

本次交易是公司深化主业布局、强化竞争优势与培育未来发展动能的关键战略步骤。通过本次收购，公 司将有效整合云边云在AI驱动的云网融合与边缘智能领域的技术积累，显著增强在智能网络、主动安 全与边缘计算方向上的技术协同与产品整合能力。整合后形成的"云网+AI+安全"一体化解决方案，将 加速公司在该领域的业务落地与市场拓展，构建以智能连接与边缘智能为核心的综合服务能力，符合公 司整体战略规划与长期发展需要。 格隆汇1月7日丨浩瀚深度(688292.SH)公布，公司、公司全资子公司合肥浩瀚深度信息技术有限公司 （以下简称"合肥浩瀚"）与康俊燕、中宇联云计算服务（上海）有限公司（以下简称"中宇联"）、云边 云科技（上海）有限公司（以下简称"云边云"或"目标公司"）、上海丰瑞诚企业管理咨询合伙企业（有 限合伙）（以下简称"丰瑞诚"）、上海聚亦方企业管理咨询合伙企业（有限合伙）（以下简称"聚亦 方"，与"丰瑞诚"合称"员工持股平台"）拟签署《股权/财产份额收购协议》。公司拟以现金83,300,000元 收购康俊燕、中宇联持有的目标公司34%的股权，合肥浩瀚拟以2,450,000元收购康俊燕持有的丰瑞诚、 聚亦方各5%的财产份 ...

多场景K歌系统行业 丨研究报告 摘要： 行业发展环境 经济层面：国内宏观经济稳增及消费能力提升，稳固了文娱消费根基；国民人均收支同步增长，尤其是消费 结构中文教消费规模攀升，也有助于释放大众娱乐消费潜力。 社会层面：音乐产业规模稳步复苏，从供给端为多场景K歌系统行业提供了丰富的内容储备与发展 动能；网 络K歌凸显的用户粘性以及K歌娱乐多维健康价值，为行业注入了持续的社 会消费活力。 技术层面：国内头部K歌系统商不断加码研发投入，专利布局向智能化延伸；同时K歌系统技术实现跨越式 迭代升级，AI已可全流程赋能K歌娱乐体验，成为驱动行业突破发展的"核心引擎"。 政策层面：文旅部、中娱协、音集协三方协同发力，构筑"内容+版权"双防线；曲库版权上，国内K歌场景 已确立"二合一"版权许可机制，保障曲库版权流转和使用合法合规。 行业发展现状 中国K歌系统行业正处于生态融合期，从初始封闭娱乐场景演进至全域开放生态。并且已形成以K歌系统商 为核心的结构清晰、涵盖多类参与者的完整产业生态。 2024年中国K歌系统行业市场规模达14.5亿元，受益于车载、户外等多场景业务拓展驱动，预计未来几年里 继续维持较高增速，2028年将突破3 ...

Industry Development Environment - The macroeconomic stability and rising consumer spending in China have solidified the foundation for entertainment consumption, with GDP increasing from 70.3 trillion yuan to 134.9 trillion yuan from 2015 to 2024, and per capita disposable income rising from 22,000 yuan to 41,000 yuan, a 100% increase [9][11] - The music industry has shown steady recovery, with its total scale increasing from 301.8 billion yuan to 492.9 billion yuan during the same period, providing a rich content reserve for the karaoke system industry [17] - Leading karaoke system companies are increasing R&D investments, with an average of over 100 patent applications per year from 2015 to 2024, marking a shift towards intelligent technology [22] - The "two-in-one" copyright licensing mechanism has been established, ensuring legal compliance in the use of song libraries [26][29] Industry Development Status - The karaoke system industry in China is in an ecological integration phase, evolving from a closed entertainment scene to an open ecosystem, with a market size projected to reach 1.45 billion yuan in 2024 and exceed 3 billion yuan by 2028 [2] - Traditional commercial entertainment is declining, while home, in-car, and outdoor entertainment are rapidly rising, with in-car and outdoor segments expected to become the main growth drivers [2] Industry Development Trends - The industry is transitioning from hardware dependence to cloud-network integration, enabling light asset operations [3] - The deep integration of digitalization and AI is transforming operational intelligence, immersive experiences, and data-driven decision-making [4][66] - The shift from traditional closed operations to open scene-based services is creating a comprehensive karaoke entertainment coverage [5][69] Industry Structure and Competition - The karaoke system industry has a clear structure with various participants, including content providers, hardware manufacturers, and service providers [33] - The industry faces three barriers to entry: qualification, technology, and ecosystem, which collectively raise the entry threshold [36] - Competition is driven by policy, market demand, technology, and maturity, shaping the industry's differentiated competitiveness [39] Business Model and Market Size - The industry has developed a four-wheel-driven business model, including basic hardware sales, content licensing, operational maintenance, and value-added services [42] - The market size is expected to grow steadily, reaching 1.45 billion yuan in 2024, with significant contributions from in-car and outdoor entertainment segments [45][57][59] Segment Analysis - The commercial entertainment segment is recovering slowly, with a projected size of 690 million yuan by 2028, while the in-car segment is experiencing explosive growth, expected to reach 1.1 billion yuan by 2028 [55][57] - The outdoor entertainment segment is rapidly rising, projected to reach 580 million yuan by 2028, driven by new leisure lifestyles [59] - The home entertainment segment is steadily growing, expected to reach 640 million yuan by 2028, supported by increasing consumer willingness to pay for quality content and services [61] Future Outlook - The karaoke system industry is expected to continue evolving towards intelligent, ecological, and refined directions, driven by technological advancements and changing consumer preferences [66][69]

12月4日至7日，2025数智科技生态大会在广州举办。大会以"智能领航智惠共生"为主题。 在大会主论坛上，中国电信董事长柯瑞文表示，下一步，中国电信将切实发挥推动人工智能发展的国家 队和主力军作用，加快建设"算力、平台、数据、模型、应用"五位一体的智能云体系，携手合作伙伴， 共同打造国家算力基础设施，提供丰富的数智化产品和服务，推动人工智能与经济社会各行业深度融合 发展。一是加快建设新型数字信息基础设施，筑牢人工智能发展的坚实底座。二是加快人工智能创新应 用，推动AI走进千家万户、赋能千行百业。三是深化高水平合作，共建互利共赢合作生态。四是构建 全栈AI安全保障能力，筑牢经济社会数智化转型安全屏障。 中国电信总经理刘桂清刘桂清表示，中国电信云网融合发展将分两个阶段推进：2026-2030年实现AI驱 动云网融合，2031-2035年达成AI原生云网融合。 中国电信推动企业战略向"云改数转智惠"升级 在"2025数智科技生态大会"主论坛上，中国电信董事长柯瑞文表示，中国电信推动企业战略向"云改数 转智惠"升级，坚定履行建设网络强国、科技强国、数字中国和维护网信安全的使命责任。 柯瑞文表示，过去一年（2025年） ...

Core Insights - The article emphasizes the strategic direction for China's new round of technological revolution and industrial transformation, highlighting the importance of computing power as a key productivity force in the digital economy [1] Summary by Sections Computing Power Network Definition - The average increase of 1 point in the computing power index of 15 key countries can lead to a 3.5‰ growth in digital economy and a 1.8‰ increase in GDP [2] - Major countries are establishing national-level computing power systems, with China launching the "East Data West Computing" project in February 2022 to build eight national integrated computing power network hubs [2] - The development of high-quality communication and information infrastructure, such as 5G and cloud computing, is essential for the integration of networks and computing power [2] Characteristics of Computing Power Network - The computing power network is characterized by network-based resource allocation, enabling flexible and real-time matching of computing tasks with optimal computing resources [3] China's Leading Position in Computing Power Network - China has taken the lead in establishing standards for computing power networks and has developed a complete industrial chain for computing power network hardware and software infrastructure [4] - The upstream of the industrial chain is driven by national policies and major projects, while the midstream focuses on integrated management and operation services [4] Different Development Paths in Computing and Network Integration - Western telecom operators focus on their own network construction and often collaborate with large cloud providers for cloud capabilities, while Chinese operators are actively building intelligent digital information infrastructure [5][6] Accelerating Infrastructure Development - The construction of computing power network infrastructure requires collaboration across the industrial chain, emphasizing the need for innovation in applications and services [7] Outlook for the First Decade of Computing Power Network - The development of the computing power network in China is expected to progress through three stages: collaboration, integration, and unification, with significant advancements anticipated by 2030 [8] Impact on Industry and Global Competitiveness - The development of the computing power network is expected to enhance China's innovation capabilities and international competitiveness, contributing to the advancement of digital infrastructure and related industries [9]

Industry Development Environment - The macroeconomic environment in China is stable, with GDP increasing from 70.3 trillion yuan to 134.9 trillion yuan from 2015 to 2024, and per capita disposable income rising from 22,000 yuan to 41,000 yuan, indicating a 100% increase in consumer spending power [8][11] - The music industry in China has shown steady recovery, with its total scale growing from 301.8 billion yuan to 492.9 billion yuan during the same period, maintaining an average annual growth rate of over 5% [20] - The K-song system industry benefits from high user engagement and health value, with 100 million monthly active devices and an average usage time of 26.5 minutes per device per day, enhancing social consumption vitality [23] Industry Development Status - The K-song system industry in China is transitioning to an open ecological model, with a market size projected to reach 1.45 billion yuan in 2024 and expected to exceed 3 billion yuan by 2028, driven by the expansion of multi-scenario businesses [2][51] - The industry is experiencing a structural shift, with traditional commercial entertainment declining while home, in-car, and outdoor entertainment rapidly rise, particularly in-car and outdoor segments expected to become the main growth drivers [2][61] Industry Development Trends - The industry is shifting from hardware dependence to cloud-network integration, enabling light-asset operations and driving industrial upgrades [3][78] - The integration of digitalization and AI is providing new growth opportunities through intelligent operations, immersive experiences, and data-driven decision-making [81] Research Object Description - The multi-scenario K-song system industry, derived from traditional karaoke video-on-demand services, focuses on providing a comprehensive entertainment experience across various settings, including commercial, in-car, outdoor, and home entertainment [4] Regulatory Environment - The K-song system industry is regulated by a tripartite collaboration among the Ministry of Culture and Tourism, the China Cultural Entertainment Industry Association, and the China Audio-Video Copyright Association, ensuring content safety and copyright compliance [32][34] - The "two-in-one" copyright licensing mechanism has been established to streamline copyright management and ensure legal compliance in the K-song scene [35] Market Size and Growth - The K-song system industry is projected to reach a market size of 1.45 billion yuan in 2024, with expectations to surpass 3 billion yuan by 2028, driven by the expansion of multi-scenario businesses and the integration of AI and AR/VR technologies [51][66] - Revenue from software and hardware services is expected to reach 960 million yuan in 2024, while paid value-added services are projected to grow to 440 million yuan, indicating a robust growth trajectory [55] Segment Analysis - The commercial entertainment segment is recovering slowly, with a projected business scale of 690 million yuan by 2028, while the in-car entertainment segment is experiencing explosive growth, expected to reach 1.1 billion yuan by 2028 [64][66] - The outdoor entertainment segment is also rapidly rising, with a projected business scale of 580 million yuan by 2028, driven by new leisure activities and the integration of K-song systems into outdoor settings [71][73]

Core Viewpoint - The multi-scenario karaoke system industry in China is experiencing robust growth driven by macroeconomic stability, rising consumer spending, technological advancements, and supportive policies, leading to a projected market size of 14.5 billion yuan in 2024 and over 30 billion yuan by 2028 [1][2][45]. Industry Development Environment - Economic Factors: The macroeconomic growth from 70.3 trillion yuan in 2015 to 134.9 trillion yuan in 2024, alongside a 100% increase in per capita disposable income, has solidified the foundation for entertainment consumption [9][11]. - Social Factors: The music industry has shown steady recovery, with its total scale increasing from 301.8 billion yuan to 492.9 billion yuan from 2015 to 2024, enhancing the content supply for the karaoke industry [17][20]. - Technological Factors: Leading karaoke system providers are increasing R&D investments, with over 100 patent applications annually from 2015 to 2024, focusing on AI and smart technologies [22][24]. - Policy Factors: The establishment of a "dual protection" mechanism for content and copyright by the Ministry of Culture and Tourism, along with industry associations, ensures legal compliance in the karaoke scene [26][29]. Industry Development Status - The karaoke system industry is transitioning from a closed entertainment model to an open ecosystem, with a market size expected to reach 14.5 billion yuan in 2024 and surpass 30 billion yuan by 2028, driven by the expansion of in-car and outdoor scenarios [2][45]. - The industry is witnessing a structural shift, with traditional commercial entertainment declining while home, in-car, and outdoor entertainment rapidly rise, particularly in the in-car and outdoor segments [2][53]. Industry Development Trends - The industry is shifting from hardware dependence to cloud-network integration, enabling light asset operations and enhancing flexibility [3][63]. - The deep integration of digitalization and AI is driving intelligent operations, immersive experiences, and data-driven decision-making [4][66]. - The transition from traditional closed operations to open scenario-based services is creating a comprehensive karaoke entertainment landscape [5][69]. Industry Structure and Participants - The karaoke system industry features a clear structure with various participants, including upstream content providers, midstream system providers, and downstream consumers across multiple scenarios [33][36]. Market Size and Growth Drivers - The karaoke system market is projected to grow steadily, with a market size of 14.5 billion yuan in 2024, driven by the expansion of multi-scenario businesses and the increasing willingness of users to pay for services [45][48]. - The revenue from software and hardware services is expected to reach 9.6 billion yuan in 2024, while paid value-added services are projected to grow to 4.4 billion yuan, indicating a sustainable growth trajectory [48][50]. Segment Analysis - The traditional commercial entertainment segment is recovering slowly, while the in-car segment is experiencing explosive growth, with a projected increase from 0.5 billion yuan in 2021 to 11.0 billion yuan by 2028 [55][57]. - The outdoor karaoke segment is also rapidly emerging, with expected growth from 1.1 billion yuan in 2019 to 5.8 billion yuan by 2028, driven by new leisure activities [59]. - The home karaoke segment is anticipated to grow steadily, from 0.6 billion yuan in 2019 to 6.4 billion yuan by 2028, supported by the increasing popularity of smart home devices [61]. Conclusion - The multi-scenario karaoke system industry in China is poised for significant growth, driven by economic stability, technological advancements, and evolving consumer preferences, marking a transition towards a more integrated and immersive entertainment experience [1][2][66].