每经头条（nbdtoutiao）——天水麻辣烫、淄博烧烤、荣昌卤鹅⋯⋯"泼天流量"退去后，这些城市怎么 样了？ （记者 王晓波） 每经AI快讯，九联科技（SH 688609，收盘价：10元）10月10日晚间发布公告称，本次以简易程序向特 定对象发行股票相关事项已经公司2024年年度股东大会授权公司董事会实施；本次发行方案及相关事项 已经2025年10月10日召开的公司第六届董事会第五次会议审议通过，本次发行面向特定对象发行，本次 发行的发行对象为不超过35名（含35名）特定对象，其中，发行价格不低于定价基准日前20个交易日公 司股票交易均价的80%。本次发行拟募集不超过约1.82亿元，募集资金用于以下用途：鸿蒙生态智能终 端与通信模块研发及产业化项目，总投资约1.51亿元，拟投入募集资金约1.27亿元；补充流动资金及偿 还银行贷款项目，总投资5453.1万元，拟投入募集资金5453.1万元。 2024年1至12月份，九联科技的营业收入构成为：计算机和通信及其他电子智能设备制造业占比 97.75%，其他业务占比2.25%。 截至发稿，九联科技市值为50亿元。 ...

Core Insights - Longhua District has launched the "Hongmeng Six Policies" to support the development of the Hongmeng ecosystem, with individual funding up to 2 million yuan [1] - The Open Atom Open Source Hongmeng Project Group has released the open-source Hongmeng 6.0 version, and the number of HarmonyOS 5 terminal devices has surpassed 20 million, indicating rapid growth in the Hongmeng ecosystem [1] - Shenzhen aims to become a global hub for the Hongmeng and Euler operating systems, with significant financial support for exemplary projects and initiatives [1] Policy Summaries - The first policy provides up to 2 million yuan in funding for companies developing Hongmeng distribution software based on open-source Hongmeng and products using Hongmeng modules [2] - The second policy offers various spatial support, including incubator space with a maximum rent subsidy of 40 yuan per square meter and discounts of 30% to 50% for innovative industrial spaces [2] - The third policy incentivizes the development of high-quality Hongmeng native applications, rewarding developers with up to 2 million yuan for applications that achieve certain download thresholds [2] - The fourth policy encourages the application of Hongmeng technology in real-world scenarios, providing up to 1 million yuan for the transformation of infrastructure, production equipment, and products to Hongmeng [2] - The fifth policy focuses on cultivating professional talent in open-source Hongmeng, offering a one-time reward of up to 20,000 yuan for obtaining relevant software skill certificates [2] - The sixth policy aims to create a Hongmeng ecosystem aggregation area, providing one-time funding of 1.5 million yuan and 2 million yuan for designated excellent smart parks [2]

近日，智能座舱和智能网联解决方案提供商博泰车联正式登陆港交所主板。据悉，博泰车联此次全球发 售1043.69万股H股，募资总额约10.67亿港元。根据招股书，募集资金将主要用于扩充产品组合、增强 技术、提高生产测试验证能力以及扩大销售和服务网络。 根据灼识咨询数据，中国乘用车智能座舱解决方案市场规模已从2020年的442亿元增至2024年的1290亿 元，复合年增长率达30.7%，预计2029年将达到2995亿元。作为智能座舱核心构件的域控制器，在乘用 车中的渗透率已从2020年的13.7%增长至2024年的44.1%，预计2029年将超过90%。 2025年上半年，博泰车联来自域控制器的收入为6亿元，占营收的比例为79.6%，出货量为26.6万件，平 均价格为2257元；来自座舱组件的收入为6153万元，占营收的比例为8.2%，出货量为18.3万件，平均价 格为337元。 网联服务作为补充业务，主要面向OEM（原始设备制造）客户提供联网支持服务与联网平台维护服 务：前者主要协助OEM向车主提供技术支援、道路救援及应急响应等服务；后者可提供基础设施维护 与服务应用程序维护。 然而，营收增长背后，汽车行业前期投 ...

Core Viewpoint - The recent listing of Botai Carlink on the Hong Kong Stock Exchange marks a significant step in the capitalization of automotive smart supply chain enterprises, reflecting the rapid growth of the smart cockpit and connected solutions market in China [1][2]. Group 1: Company Overview - Botai Carlink raised approximately HKD 1.067 billion by issuing 10.4369 million H-shares, with funds primarily allocated for product expansion, technology enhancement, production testing, and sales network expansion [1]. - The company reported revenues of CNY 1.218 billion, CNY 1.496 billion, and CNY 2.557 billion for the years 2022, 2023, and 2024 respectively, with CNY 0.754 billion in the first five months of 2025 [2]. - Botai Carlink is the third-largest supplier in China's smart cockpit domain controller market, with a market share of 7.3% as of 2024 [3][4]. Group 2: Business Segments - The main revenue sources for Botai Carlink are smart cockpit solutions and connected services, with domain controllers being the highest contributor to revenue [2]. - The revenue from domain controllers increased from CNY 0.674 billion in 2022 to CNY 1.959 billion in 2024, representing a rise in its share of total revenue from 55.4% to 76.6% [2]. - The market for smart cockpit solutions in China is projected to grow from CNY 44.2 billion in 2020 to CNY 129 billion by 2024, with a compound annual growth rate of 30.7% [2]. Group 3: Market Dynamics - The penetration rate of domain controllers in passenger vehicles is expected to rise from 13.7% in 2020 to 44.1% in 2024, and is projected to exceed 90% by 2029 [2]. - Botai Carlink's reliance on a few major clients is significant, with the top five clients contributing 83.6%, 64.6%, and 74.4% of total revenue from 2022 to 2024, and this concentration increased to 49.8% in the first five months of 2025 [4]. - The automotive industry is experiencing a "Matthew Effect," where market resources are increasingly concentrated among leading firms, posing challenges for smaller players like Botai Carlink [5][6]. Group 4: Strategic Initiatives - To mitigate client concentration risks, Botai Carlink is expanding its product range to offer customized smart cockpit solutions for various market segments [4]. - The company is also focusing on enhancing its client base while maintaining strong relationships with existing clients, such as Changan Avita and Dongfeng Lantu [4]. - Botai Carlink's unique position as a provider of smart cockpit solutions based on the Kirin 9610A processor and HarmonyOS has attracted significant interest from institutional investors [3][4].

Core Viewpoint - The successful IPO of Botai Che Lian marks a significant milestone, raising approximately HKD 919 million and achieving a market capitalization exceeding HKD 200 billion on its first trading day, despite concerns over its profitability and reliance on key clients [3][4][9]. Group 1: IPO Details - Botai Che Lian issued 10.4369 million shares at a price of HKD 102.23 per share, raising a net amount of approximately HKD 919 million [3]. - The company has attracted over 20 investors, including major players like Xiaomi Group and Dongfeng Group, with cornerstone investors subscribing for about HKD 466 million, representing 43.67% of the global offering [3]. - The public offering saw a subscription rate of 529.79 times, indicating strong market interest [3]. Group 2: Financial Performance - Botai Che Lian has reported cumulative net losses exceeding RMB 1.2 billion over the past three years, raising concerns about its long-term profitability [4][5]. - Revenue has grown significantly from RMB 1.218 billion in 2022 to RMB 2.557 billion in 2024, with a further RMB 754 million recorded in the first five months of 2025 [5]. - Despite revenue growth, the company has not achieved annual profitability since its inception, with losses of RMB 452 million, RMB 284 million, and RMB 541 million in the last three years [5]. Group 3: Market Position and Strategy - Botai Che Lian's revenue is heavily reliant on smart cockpit solutions, which accounted for 95.5% of its revenue in 2024, with domain controllers contributing RMB 1.96 billion [4]. - The company ranks third in the Chinese smart cockpit domain controller market with a market share of 7.3% [4]. - The partnership with Porsche and collaboration with Qualcomm enhance its market position and product offerings, potentially increasing its valuation in the secondary market [7][8]. Group 4: Future Outlook - The funds raised from the IPO will be used to expand product offerings, enhance technology, and strengthen the company's capabilities in software, hardware, and cloud-based vehicle networking [9]. - The company aims to accelerate its global market presence and continue investing in cutting-edge technology to transition vehicles from mere transportation tools to intelligent mobile spaces [9]. - The success of the IPO is seen as a starting point, with the company's ability to convert resources into sustainable profitability and a strong market position being crucial for its future [9].

Core Insights - Company Chairman Dr. Chen Yuhong has increased his shareholding, demonstrating confidence in the company's long-term development [1] - The company has been appointed as a city partner for the open-source HarmonyOS innovation application and ecosystem construction in the intelligent transportation sector in Xi'an [1] - The company is positioned as a full-stack service provider in the HarmonyOS ecosystem, covering hardware access, software adaptation, and scenario development [1] - The company has deep-rooted technology in operating systems, having developed the KaihongOS and the distributed heterogeneous robot operating system M-Robots OS, leading in contributions to the open-source Harmony community [1] - The company has developed the "Hongyun Virtual Machine" to ensure compatibility with the Windows ecosystem, supporting the initial promotion of HarmonyOS in the PC sector [1] - The company has secured new orders in its ERP business, winning a bid for the 2025-2027 human outsourcing service centralized procurement project from Sinochem Information Technology Co., Ltd [1] - The company has partnered with Silicon-based Flow to launch an AI platform that integrates heterogeneous computing power and vector databases, facilitating the large-scale implementation of AI in various industries [1] Industry Developments - The company is building an AI-native digital foundation by integrating cloud and computing power, establishing a "new triangle" model with Huawei and local governments [2] - The company continues to lead in the Huawei cloud ecosystem, maintaining the largest scale and market share in cloud services and CTSP cloud transformation services [2] - The company is expanding its computing power operations from simple leasing to comprehensive AI services, including model training and scenario development [2] - Revenue projections for the company are set at 17.8 billion, 19.46 billion, and 22.14 billion yuan for 2025-2027, with net profits expected to be 610 million, 730 million, and 890 million yuan respectively [2]

9月29日，华为终端官方微博对外公布，HarmonyOS 5终端数量历经两年发展已突破2000万，从0到1000 万，鸿蒙5走了近10个月；而从1000万到2000万，仅用了2个月。这一数据不仅标志着鸿蒙生态迈入爆发 式增长的新阶段，还将进一步强化伙伴信心，成为海内外应用厂商加速共创、促进鸿蒙生态持续繁荣的 重要推动力。 此外，"2000万终端"实打实的市场数据、以及伙伴的集体祝贺也充分证明：鸿蒙5已能够满足各类应用 场景的开发与运行需求，"养成系"鸿蒙正在日趋成熟；与此同时，具备可观用户基础、生态流量与商业 潜力的鸿蒙生态，已成为海内外应用厂商都在加速布局的创新沃土。 鸿蒙5终端数量突破2000万，是鸿蒙生态的重要里程碑，更是全球伙伴携手共进的新起点。未来，随着 更多伙伴的加入，鸿蒙生态将进一步释放全球商业价值，为用户带来更优质的全场景互联体验，推动数 字生态全球化发展迈入新阶段。 鸿蒙生态的最新进展，迅速引发了伙伴侧的热烈响应。尤其在双节出行高峰即将到来之际，德国汉莎航 空、拉斯海马旅游局等海外出行文旅类核心伙伴，以及澳门本地生活服务代表"mPass地道澳门指南"， 集体送上祝贺，以实际行动表达对鸿蒙生态 ...

9月30日，在HarmonyOS 5 终端设备数量突破 2000万台的重要节点，华为正式推出"鸿蒙有礼特别版"福 利活动，与广大用户共同庆祝鸿蒙生态取得的里程碑成果。本次活动将持续至10月8日，横跨整个国庆 假期，为广大鸿蒙5用户在出行、娱乐、消费等场景下提供智慧服务与超值优惠！ 活动期间，鸿蒙5手机用户每日只需桌面右滑进入负一屏，即可领取一张10元元服务优惠券，连续参与9 天，单台设备最高可领取90元优惠券。领取后，用户可在负一屏内使用同程旅行、奈雪点单&瑞幸咖 啡、猫眼电影等元服务，选择华为支付自动抵扣，让假期消费轻松又省心。 无论是计划跨省出游、出境打卡，还是好友聚会、宅家躺平，这波国庆专属的"鸿蒙有礼"福利和华为负 一屏智慧服务，都能助你拥有一个轻松、省钱、便捷的假期！ 假期出行，大家记得提前在负一屏关联铁路12306账号，即可实时查看出发时间、车次、检票口、车厢 车次等信息，省去在候车时反复打开App确认信息的时间。而到家后约上亲朋好友一起观影，就可以打 开猫眼电影元服务，选购《浪浪人生》《风林火山》等各类热门影片还可享受10元优惠；与朋友小聚 时，使用奈雪点单&瑞幸咖啡等元服务下单更优惠，把价格打 ...

Core Viewpoint - The report from Shenwan Hongyuan maintains the profit forecast for China Software International (00354), projecting revenues of 17.8 billion, 19.46 billion, and 22.14 billion yuan for 2025-2027, with net profits attributable to ordinary shareholders of 610 million, 730 million, and 890 million yuan respectively, and maintains a "buy" rating [1] Group 1: Hongmeng Ecosystem Development - The company has been selected as a city partner for the open-source Hongmeng innovation application and ecosystem construction in the field of intelligent transportation in Xi'an, playing a full-stack service role in "hardware access + software adaptation + scenario development" within the Hongmeng ecosystem [1] - The company has deep-rooted core technologies in operating systems, building an IoT digital foundation based on KaihongOS and releasing the distributed heterogeneous robot operating system M-Robots OS, while continuing to lead in code contributions to the open-source Hongmeng community [1] - The company has a significant advantage in the PC ecosystem, having developed the "Hongyun Virtual Machine" solution to achieve compatibility with the Windows ecosystem, providing crucial support for the initial promotion of Hongmeng in the PC sector and the trust-based market expansion [1] Group 2: ERP Business and New Orders - The company has recently won a bid for the centralized procurement project for human outsourcing services from Sinochem Information Technology Co., Ltd. for 2025-2027, covering three key categories: consulting services, ERP, and implementation and operation maintenance [1] Group 3: AI Model Implementation and Cloud Computing - On June 21, the company collaborated with Silicon-based Flow to launch a joint solution that includes four core platforms: a high-performance AI platform integrating heterogeneous computing power and vector databases, a graph database, and a search engine, unifying model training and deployment processes to facilitate efficient knowledge retrieval [1] - The company is developing a native AI digital foundation by integrating cloud and computing power, with Huawei Cloud continuing to lead in cloud business scale, ecosystem share, and CTSP cloud transformation service provider share [1] - The company's computing power operation business is expanding its footprint in collaboration with Huawei and local governments [1]

HarmonyOS 5终端突破2000万台，多领域超百家合作伙伴纷纷转发互动。 9月29日，华为官方微博宣布，HarmonyOS 5终端设备数量历经两年发展已突破2000万台，近两个月更 是增长了1000万。2000万终端设备，不仅是"鸿蒙速度"的又一重要里程碑，更是伙伴、用户与鸿蒙共 建、共享"养成系"生态的生动注解。华为官方消息发布后，迅速在社交平台引发热烈响应。来自社交、 出行、办公、娱乐、金融等多个领域的超百家合作伙伴纷纷转发互动，共同见证并祝贺这一关键时刻。 （仅展示部分） 2000万鸿蒙5终端设备，是里程碑，更是新起点。展望前路，鸿蒙生态将继续与更多伙伴一道，为用户 带来更好的体验！ 参与互动的伙伴包括（按公司/品牌名称首字母排序，仅为部分名单）：暗区突围、便单、车来了、钉 钉、东方财富、飞常准、飞书、高铁管家、格物阅读、瓜子二手车、国泰海通君泓、哈啰、海南航空、 航班管家、欢喜斗地主、减法清单、开心消消乐、夸克、酷我音乐、Libv工作室、拉斯海马旅游发展 局、MeoW、迷你世界、平安金管家、平安人寿、企查查、轻倒数、全民K歌、去哪儿旅行、QQ音乐、 三角洲行动、示路、扫描全能王、素算、鲨鱼记账、 ...