证券代码：300365 证券简称：恒华科技 北京恒华伟业科技股份有限公司 2、AI 设计助手"道亨智询"的使用场景和收费模式？ 答：输电线路设计涉及地形地貌、气候条件、经济成本与 技术发展等诸多复杂因素，开展业务需严格遵循大量标准规定 与规程规范，对从业人员的专业性和行业经验有较高要求。基 于此行业特性，公司集成 DeepSeek、Qwen、Llama、ChatGLM 等多个大语言模型，构建行业知识库，将行业标准规范、法律 法规、历史工程数据、技术支持问答数据等关键信息输入其中 学习，并发布 AI 设计助手"道亨智询"，可全面满足电气-结 构-基础多专业设计人员智能问答需求，提升设计效率。目前 投资者关系活动记录表 编号：2025-002 投资者关系活动 类别 ■特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称 国泰海通证券、幸福人寿 2 家机构投资者。 时间 2025 年 5 月 21 日 地点 公司会议室 上市公司接待人 员姓名 董事会秘书 丰 丹 技术专家 隗 刚 证券事务代表 邓雅静 投资者关系活动 主要内容介绍 1、AI技术对公司业务的 ...

Core Viewpoint - Huibo Yuntong (301316.SZ) plans to deepen its layout in the Xinchuang field by acquiring 67.91% of Baode Computing through a combination of share issuance and cash payment, aiming to extend its business from software technology services to an integrated software and hardware model [1][2][3] Group 1: Acquisition Details - The acquisition involves purchasing shares from 59 parties, including Leshan High-tech Investment, while the controlling shareholder's 32.09% stake will not be included in the transaction [2] - The fundraising for the acquisition will be capped at 100% of the transaction price, with a share issuance price set at 20.26 yuan per share, which is at least 80% of the average trading price over the previous 20 trading days [2][3] Group 2: Financial Performance - Baode Computing is a leading provider of information technology infrastructure, with projected revenues of 9.27 billion yuan in 2023 and 10.008 billion yuan in 2024 [1][3] - Huibo Yuntong reported revenues of 1.743 billion yuan in 2024, a year-on-year increase of 28.30%, while net profit decreased by 20.45% [5] - In Q1 2025, Huibo Yuntong's revenue reached 506 million yuan, up 37.46%, but net profit fell by 72.13% [5] Group 3: R&D and Client Base - The company has significantly increased its R&D personnel by 70.47% to 866 by the end of 2024, reflecting its commitment to innovation [4][6] - Major clients include ByteDance, Xiaomi, Samsung, SAP, and Bank of China, contributing to 30.17% of total annual sales [6] - R&D expenses have grown consistently, reaching 109 million yuan in 2024, with year-on-year increases of 51.57%, 15.17%, and 19.34% from 2022 to 2024 [5][6] Group 4: Market Reaction - Following the acquisition announcement, Huibo Yuntong's stock hit the daily limit up of 20% on May 20, reaching 34.8 yuan per share, with a total market capitalization of 14.059 billion yuan [7]

中船汉光科技股份有限公司投资者关系活动记录表 编号：2025-002 | | □媒体采访 ✔业绩说明会 | | □特定对象调研 | | □分析师会议 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 投资者关系活动类 | | | | | | | | | | | 别 | □新闻发布会 □路演活动 | | | | | | | | | | | □现场参观 | | | | | | | | | | | □其他 | | | | | | | | | | 参与单位名称及人员 | 通 过 " 上 海 证 券 交 易 所 上 证 中 心 | | | | | | 路 | 演 | " | | 姓名 | （https://roadshow.sseinfo.com）参与中船集团控股上市公司 | | | | | | | | | | | 年度集体业绩说明会暨 年第一季度业绩说明会的 2024 2025 | | | | | | | | | | | 投资者 | | | | | | | | | | 时间 | 2025 年 5 月 20 日 (周二) ...

Group 1: R&D and Financial Performance - The number of R&D personnel in 2024 is 4,161, accounting for 31.12% of the workforce, a decrease of 11.62% from 2023 [1] - The company reported a loss for the fiscal year 2024 [3] - The main reasons for the 2024 loss include increased market competition, policy adjustments, and a strategic shift in business focus leading to higher costs [6] Group 2: Strategic Initiatives and Market Position - The company plans to enhance operational performance by focusing on market expansion, particularly in the server business and the domestic AI server market [3] - Key strategies include continuous R&D innovation, strengthening business management, and optimizing product structure [6] - The company aims to capture new opportunities in the domestic "信创" (Xinchuang) market, which is expected to grow significantly [4] Group 3: Stock Performance and Market Communication - The company acknowledges the recent decline in stock performance and is committed to improving management and communication with the capital market [3] - There are currently no plans for stock buybacks [4] - The management emphasizes the importance of long-term stable development as a foundation for market value growth [3] Group 4: Future Growth and Industry Trends - Future growth points include expanding the "信创" industry scale and continuing to develop the power supply market [4] - The company is closely monitoring industry trends and is prepared to adapt to the shift from general computing to intelligent computing [8] - The company is evaluating procurement needs for AI chips based on customer orders and production requirements [9]

近日，诚迈科技在接受机构调研时表示，汽车软件业务方面，公司发布了新一代跨域融合整车操作系统FusionOS，已经全面适配高通、英伟达、NXP、地 平线、英飞凌等芯片厂商的最新产品，可以提供新一代智能座舱域软件平台FusionEX 8.0、中央控制域软件平台FusionWise 3.0、辅助驾驶软件平台 FusionDrive 3.0以及工具链平台Fusion Studio和信息安全和功能安全相关解决方案，并通过打造Arraymo AI OS的AI智能体产品，实现了智能语音互动，并支 持导航、音乐、空调等场景功能，能够为用户提供更出色的智能化体验。 Hin Kin FFI T SHOW IT A Book l 1 t 1 the p 4 re in es gour M tr t THE a l 0.0 t ,但 T 诚迈科技同时参与了鸿蒙电脑应用软件的开发和生态系统的建设，是鸿蒙生态系统里面的一员，也是开源鸿蒙A类捐赠人和开源代码的重要贡献者。 统信软件为诚迈科技参股公司，据了解在信创领域经过长期发展，目前其产品已逐步从可用发展至好用阶段，软硬件适配数量共超过700万款，其中UOS原 生应用超过15000款，在 ...

Core Viewpoint - Huibo Yuntong's stock has reached a limit-up, with a latest price of 34.8 yuan per share and a total market value of 14.06 billion yuan, indicating strong market interest and investor confidence [1][2]. Company Acquisition - Huibo Yuntong plans to acquire 67.91% of Baode Computer's shares through a combination of issuing shares and cash payments to 59 transaction parties, including Leshan High-tech Investment [4][5]. - The share issuance price for this transaction is set at 20.26 yuan per share [5]. Financial Performance - Baode Computer reported revenues of 9.27 billion yuan and a profit of 199 million yuan for 2023, with projected revenues of 10 billion yuan and profits of 230 million yuan for 2024 [7]. - Huibo Yuntong's revenues for 2023 and 2024 are expected to be 1.359 billion yuan and 1.743 billion yuan, respectively, with net profits of 82.45 million yuan and 65.59 million yuan [8]. Market Position and Strategy - The acquisition is expected to create synergies between Huibo Yuntong and Baode Computer, enhancing their customer resource sharing and overall market competitiveness [11]. - Baode Computer is a leading player in the domestic AI server industry, participating in significant projects such as the 17 billion yuan server procurement by China Telecom [11]. - Huibo Yuntong aims to develop a comprehensive "soft and hard integration" solution, leveraging its extensive client base, including major companies like ByteDance and Xiaomi [12]. Future Outlook - The collaboration with Baode Computer is anticipated to accelerate the implementation of domestic computing power solutions, particularly through partnerships with companies like Huawei [13]. - Future profit projections for Huibo Yuntong indicate a potential increase in net profits to 106 million yuan, 141 million yuan, and 188 million yuan from 2025 to 2027, with current valuations suggesting room for growth [13].

证券研究报告——晨会聚焦 2025 年 5 月 20 日 | 5 月金股组合 | | | --- | --- | | 股票代码 | 股票名称 | | 002352.SZ | 顺丰控股 | | 1519.HK | 极兔速递-W | | 603181.SH | 皇马科技 | | 300014.SZ | 亿纬锂能 | | 688198.SH | 佰仁医疗 | | 000524.SZ | 岭南控股 | | 600519.SH | 贵州茅台 | | 9660.HK | 地平线机器人-W | | 688519.SH | 南亚新材 | | 301236.SZ | 软通动力 | 中银晨会聚焦-20250520 ■重点关注 【基础化工】化工行业 2024 年年报综述*余嫄嫄。2024 年基础化工行业盈利 能力降至近年低位，部分子行业业绩改善；石油石化行业收入、业绩保持稳 健。随着经济复苏、需求端持续向好，行业景气度有望回升，当前板块估值 较低。 【计算机】计算机行业 2024 年年报&2025 年一季报综述*杨思睿 郑静文。 2024 年行业受宏观环境、政企预算下行以及减值损失扩大等影响，导致利润 端承压。2025Q1 整体业 ...

Core Viewpoint - Huawei's HarmonyOS computer has officially launched, completing the ecosystem loop and aiming to challenge the dominance of Windows and MacOS in the PC market [2][4]. Product Launch and Reception - The Huawei MateBook Fold, priced between 23,999 and 26,999 yuan, has garnered significant interest, with over 47,000 reservations within 14 hours of its launch [2][7]. - The MateBook Fold is the world's largest commercial 18-inch foldable computer, featuring a thickness of only 7.3mm and a weight of 1.16kg, addressing the challenge of combining a large screen with portability [3]. Technological Innovations - The device utilizes a new generation of hinge technology, which prevents deformation during the folding process, and is made from zirconium-based liquid metal [3]. - The MateBook Fold supports various interactive features, such as screen mirroring and virtual keyboard activation [3]. Operating System and Ecosystem - Both the MateBook Fold and the MateBook Pro run on HarmonyOS 5, marking a significant step in Huawei's ecosystem development [3][4]. - The application ecosystem is crucial for the success of HarmonyOS computers, with over 150 dedicated applications and 1,000+ integrated applications already adapted [8][9]. Compatibility and Adaptation - The Oseasy virtual machine allows users to run Windows 11 on HarmonyOS computers, providing access to numerous Windows applications [11]. - Major applications like QQ and WPS have been adapted for HarmonyOS, with ongoing efforts to enhance compatibility with other software [9][11]. Enterprise Market Strategy - Huawei has introduced the HarmonyOS computer aimed at the enterprise market, the Huawei Qingyun HM940, which features an AI assistant and is designed for business applications [12][13]. - The company is launching the "Qingyun Xinghe Plan" to foster innovation in the Harmony ecosystem with industry partners [15]. Market Potential - The demand for domestic PCs is increasing, with predictions of 4.8 million units shipped in 2023, potentially rising to 9.5 million by 2026 [15]. - HarmonyOS computers are positioned to meet user needs better than existing domestic operating systems, potentially capturing more market share in the enterprise sector [15].

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