投资建议：中国通信服务是全球最大的通信基础设施建设者和全球领先的信息通信支撑一体化服务提供 商，从业务来看，①TIS 业务（电信基建服务，CAPEX 相关）：公司紧跟大模型迭代引发的算力需 求，把握AIDC、算力网络等机遇，有效应对CAPEX 波动；②BPO 业务（业务流程外判服务，OPEX相 关）：公司重视高价值项目，努力提升OPEX 市场份额；③ACO 业务（应用、内容及其他服务，软件 相关）：过去十年复合增速超14%，产业数字化有望继续引领增长。我们预计，2025-2027 年公司净利 润分别为37.31 亿元/39.01 亿元/41.05 亿元，对应PE 分别为8.2X/7.9X/7.5X，维持"强烈推荐"投资评级。 风险提示：电信业资本开支下降风险、营运资金需求增加的风险、国际业务运营及有关风险、算力资本 支出不及预期风险、战略新兴产业发展风险。 机构：招商证券 研究员：梁程加/李哲瀚 事件：8 月21 日，公司发布《截至二零二五年六月三十日止之中期业绩公布》。 2025 年上半年，公司经营收入为人民币76,939 百万元，同比增长3.4%；净利润为人民币2,129 百万元， 同比增长0.2%。 把 ...

特产交易在于产品本身，也在于营销推广。如何能让营销推广真正成为好产品的"放大器"？讲师在培训 会上称，广告的本质是"锦上添花"而非"雪中送炭"，在投放策略方面，要以良好的商品运营为基础才能 有效放大转化效果，可以综合运用单品推广、新品推广与全店推广"组合拳"，配合精准的CPC、ROI、 转化率等核心数据指标分析，实现更精准的触达与成本控制，从而实现营销推广高效化，真正做到"该 花钱的地方花足，不该花的地方省下"，以此来满足不同商家和客户的多样化需求。 河南日报客户端记者 王向前 勇立数字潮头，探寻特产好物。8月21日，2025特产馆商家培训交流会在京东（郑州）数字经济产业园 顺利举办，来自营销实战平台京准通的讲师们，为华中地区的40多家特产馆负责人上了一堂生动的营销 推广课。 此次培训交流会不仅为华中特产商家带来了前沿的营销方法与实操工具，更点燃了以数据驱动增长、以 精准触达用户的思维火花。培训期间，京东（郑州）数字经济产业园相关负责人还对园区进行了介绍， 全方位助力企业降本增效，推动数字经济与实体经济深度融合。 会后，讲师还为中国特产·灵宝馆、祥符馆、鹤壁馆等不同场馆的个性化问题，提供了具体可行的优化 建议 ...

此外，数据显示，今年韩国散户投资者纷纷涌入港股，截至8月12日，他们在港股的投资总额已达到24 亿美元，创下四年来的新高。这一现象也反映出国际投资者对港股市场的热情和对中国经济的信心。 在机构投资方面，高盛发布了一份题为《做多中国，精彩不限于此》的报告，传递出对中国市场的强烈 看好信号。报告中指出，目前只有22%的家庭金融资产配置在基金和股票上，潜在的资金流入规模可达 10万亿元，这无疑为市场注入了潜在的强大动力。 与此同时，白宫的消息显示，美国与欧盟已就贸易协定框架达成一致，这为未来两者之间的贸易关系提 供了新的支持。此外，英特尔与美国政府达成了股份收购协议，显示出政府在科技行业中的干预力度。 证券行业方面，分类评价办法的新修订有望为行业的发展指明方向，推动证券行业的高质量发展。同 时，工信部也表示将有序引导智能算力基础设施的建设，鼓励其适度超前和动态平衡。 来源：市场资讯 （来源：ETF炼金师） 在近期市场动态中，周末的利好消息推动了中概股ETF和恒生指数的显著上涨。隔夜，中概股ETF上涨 了2.6%，而恒生指数也随之上扬1.4%。美股市场表现同样强劲，A50指数的走势亦未能抑制市场的整体 乐观情绪。 周 ...

Group 1: Core Perspectives - The Shanghai Cooperation Organization (SCO) is enhancing sustainable development cooperation among member states, focusing on high-quality alignment of regional development strategies amidst geopolitical conflicts and trade barriers [1][2] - The year 2025 is designated as the "SCO Sustainable Development Year," emphasizing cooperation in connectivity, agriculture, industry, green industries, and digital economy [1][2] Group 2: Connectivity and Trade - The SCO serves as a significant platform for the Belt and Road Initiative, with member states deepening cooperation in infrastructure to promote regional connectivity and trade facilitation [2] - In the first seven months of 2025, China's import and export volume with other SCO member states reached 677.4 billion yuan via land transport, a 7.4% increase, and 251.01 billion yuan via air transport, a 44.6% increase [2] Group 3: Economic Transformation and Upgrading - The SCO facilitates the sharing of agricultural technology and industrial collaboration, enhancing the autonomy and sustainability of economic development among member countries [3] - Uzbekistan is adopting Chinese drip irrigation technology to improve cotton yields, while Kazakhstan is developing agricultural logistics parks to guide local farmers in diversified planting [3] Group 4: New Cooperation Spaces - The SCO countries are diversifying cooperation in green technology and digital infrastructure, promoting digital economy development and technological innovation for sustainable growth [6] - The construction of a 100 MW solar power plant in Kazakhstan exemplifies successful green energy cooperation, aiding the region's transition to a low-carbon economy [6] Group 5: Digital Economy and Innovation - The establishment of the "Silk Road E-commerce" comprehensive service base aims to enhance cross-border e-commerce and logistics, supported by the China-SCO big data cooperation center [6] - In Kyrgyzstan, the implementation of a 5G network has increased internet penetration from 43% to over 70%, while digital healthcare platforms in Tajikistan provide remote medical consultations [6][7]

Group 1 - The State Council has approved the "Artificial Intelligence +" action plan, positioning it as a core engine for cultivating new productive forces and promoting high-quality development [1] - This policy is seen as a continuation and deepening of the "Artificial Intelligence +" actions mentioned in the 2024 and 2025 government work reports, reflecting a keen grasp of new technology development trends and a forward-looking national development strategy [1] - The transition from "Internet +" to "Artificial Intelligence +" signifies a profound change from connection empowerment to cognitive empowerment, marking a new stage in the development of the digital economy and a comprehensive innovation in traditional thinking, production, and governance models [1][2] Group 2 - "Internet +" has enhanced connectivity and optimized information flow and commercial channels, leading to new business ecosystems, while "Artificial Intelligence +" represents a new paradigm focused on computational enhancement, integrating AI technology deeply into industrial development [2] - The application of "Artificial Intelligence +" has already shown significant improvements in various scenarios, such as a 40% increase in container loading and unloading efficiency at AI-enabled ports and rapid, accurate lung nodule screening in hospitals [2] - "Internet +" and "Artificial Intelligence +" coexist and complement each other, with "Internet +" providing the digital foundation and "Artificial Intelligence +" driving intelligent upgrades in industries, enhancing the value of the digital economy [2] Group 3 - Compared to the mature stage of "Internet +" technologies and applications, "Artificial Intelligence +" still faces significant technological uncertainties, necessitating a focus on the selection of implementation paths [3] - There is a need to promote the large-scale and commercial application of artificial intelligence, leveraging China's complete industrial system, large market scale, and rich application scenarios to foster a virtuous cycle of innovation and application [3] - Strengthening independent innovation, particularly in key core technologies, is essential for the successful implementation of "Artificial Intelligence +", which requires an application-oriented, innovation-driven, and ecologically collaborative approach to unleash its potential for high-quality development [3]

Core Points - The Shanghai Cooperation Organization (SCO) is focusing on sustainable development and regional cooperation amidst geopolitical tensions and trade barriers, with 2025 designated as the "Year of Sustainable Development" [1] - SCO member states are enhancing cooperation in various sectors including connectivity, agriculture, industry, green industries, and digital economy to promote sustainable development [1] Group 1: Connectivity and Trade - The SCO serves as a significant platform for the Belt and Road Initiative, facilitating infrastructure cooperation and trade facilitation among member states [2] - In the first seven months of 2025, China's import and export volume with SCO member countries via land transport reached 677.4 billion yuan, a 7.4% increase, while air transport reached 251.01 billion yuan, a 44.6% increase [2] Group 2: Economic Transformation and Upgrading - The SCO provides a platform for sharing agricultural technology and industrial collaboration, enhancing the sustainability and autonomy of member states' economies [3] - Uzbekistan is adopting Chinese drip irrigation technology to improve cotton yields, while Kazakhstan is diversifying agricultural production through order-based farming models [3] Group 3: New Cooperation Spaces - SCO countries are diversifying cooperation in green technology and digital infrastructure to support sustainable development [5] - The construction of a 100 MW solar power plant in Kazakhstan exemplifies successful green energy collaboration, aiding the region's transition to a low-carbon economy [5] - Digital economy initiatives, such as the establishment of a comprehensive service base for cross-border e-commerce, are being developed to enhance trade and logistics [5] Group 4: Technological Advancements - The development of advanced technologies like AI, 5G, and robotics in China is seen as a strong driver for sustainable development within the SCO framework [6] - Enhanced digital cooperation among SCO countries aims to improve self-development capabilities and promote inclusive growth [6]

会议指出，当前，"百千万工程"正处于聚力攻坚、提升突破的关键阶段，要以进一步全面深化改革打通 堵点、激活动力，加快完善县镇村高质量发展动力机制，助力实现三年初见成效目标。要着力完善县域 产业发展、产业链协作等体制机制，扎实推进扩权强县、强县扩权改革和县镇管理体制改革，推动兴 业、强县、富民一体发展。要健全改革抓落实制度机制，实行项目化、清单化管理，加强改革调度和评 估，强化督察问效，确保取得实效。要打造广东改革品牌，支持鼓励佛山市、茂名高州市等省级改革创 新实验区加强改革探索，聚焦城乡区域协调发展，大力开展首创性、集成式改革，加快构建产业升级、 人口集聚、城镇发展良性互动机制。 会议还对近期重点改革事项进行深入研究。强调要进一步加快我省公共数据资源开发利用，在建立数据 合规高效流通机制和丰富应用场景上下功夫，充分释放数据要素乘数效应，更好促进数据产业繁荣发 展，助力数字经济做强做优做大。要规范开展领导干部自然资源资产离任审计工作，充分发挥审计评价 指标体系作用，准确把握审计标准和要求，强化审计结果应用，推动领导干部切实履行好自然资源资产 管理和生态环境保护责任。要采取有效措施抓好新一批基层改革典型案例的推介， ...

在河北省涿州市，一项引领数字经济的重大工程——涿州阿里总承包一期项目，近日成功完成了竣工验收，标志着该项目即将正式投入使用。该项目将搭 载云计算、大数据分析、云存储等一系列前沿的数字技术服务，为京津冀地区的数字经济发展注入强大的推动力。 该项目位于涿州市刁窝镇，总建筑面积达25万平方米，是全国性的先进智算中心示范项目。自中标以来，项目团队迅速进驻现场，以高度的责任感和使命 感，全力推进工程建设。该项目还承办了2023年保定市第三批重点项目集中开工仪式，彰显了其在区域经济发展中的重要地位。 在工程建设过程中，项目团队通过精心组织和科学管理，不仅提前11天完成了主体结构的里程碑节点，还在湖南省QC小组成果评选中荣获二等奖。在业 主开展的第三方飞检中，该项目多次取得了全国阿里项目排名第一的优异成绩。 除了工程建设方面的卓越表现，该项目还注重提升农民工的精神素养。项目团队持续开展"点亮一盏灯"系列志愿服务活动，成立了"信和夜校·职工书 屋"，为工友们搭建起了一个学习和交流的平台。这些举措不仅丰富了工友的业余精神文化生活，还受到了《人民日报》客户端的报道。 据悉，该项目所属的安装公司已参与建设了32座数据中心，覆盖京津 ...

上半年，多家北交所公司取得亮眼成绩。例如，并行科技、林泰新材、春光智能、锦波生物等公司 的营收增速在40%以上，卓兆点胶、海能技术等多家公司实现扭亏为盈。北交所企业持续加码研发投 入、布局前沿赛道的战略成效显现。 具体来看，上半年，卓兆点胶实现营业收入1.56亿元，同比增长207.46%；实现归母净利润2678.27 万元，去年同期亏损1202.83万元。卓兆点胶表示，扭亏为盈主要系报告期内终端应用领域需求回暖， 公司积极跟进存量项目验收，以及部分新领域开拓初见成效、进一步控费提效等多方面因素所致。 上半年，海能技术实现营业总收入1.36亿元，同比增长34.87%；归母净利润547.15万元，去年同期 亏损1401.77万元。海能技术表示，为顺应国产仪器替代进口的行业发展趋势，公司已在产品端布局开 发基于鸿蒙系统的仪器操控系统，同时设立大模型智能运营部，全面推动智能化技术与业务场景融合。 本报记者 孟 珂 北交所上市公司半年报进入密集披露期。Wind数据显示，截至8月22日，有75家北交所上市公司披 露2025年半年报，其中有54家公司实现营业收入同比增长。净利润方面，75家披露中报的北交所公司 中，69家公 ...

以下文章来源于亚信科技 ，作者亚信科技 亚信科技 . 亚信科技（股票代码01675.HK）是领先的信息科技产品与服务提供商，依托咨询规划、产品研发、实 施交付、系统集成、智慧决策、数据运营等能力，助力通信、政务、能源、交通、广电、金融、邮政等 领域客户数智化转型！ 当前，百行千业数智转型持续深化，市场进入激烈的存量竞争阶段，深入的"市场洞察、精细化运 营"已成为提升竞争者市场认知乃至盈利能力的重要手段。 2025上半年， 艾瑞咨询 专注"行业分析、数据洞察、市场研究、战略咨询"，产出大批"精准洞悉产 业动向、倾力协助业务决策"的优秀研究报告。我们根据关注度、媒体报道、客户反馈等，梳理推出 10大" 最受欢迎 "研究报告 ，以飨读者。 扫描下方二维码下载报告 ， 限时免费，先到先得哦！ 文末有奖互动 选出你最中意的研究报告，赢取现金红包 1 Top 1 《2024年中国人工智能产业研究报告》 研报结构 宏观环境；产业价值；商业进程；实践案例；发展趋势 推荐理由 人工智能是新科技变革的核心引擎，人工智能产业被中央及各地政府确立为重点发展方向，并 陆续出台相关政策措施。随着"DeepSeek时刻"的到来，我国人工智 ...