AI赋能

Search documents
中国能建(601868):Q1扣非大涨24% 新业务布局持续推进
Xin Lang Cai Jing· 2025-04-30 08:27
Q1 业绩稳健增长,维持"买入"评级 25Q1 公司实现营收1003.71 亿元,同比+3.05%,归母净利润为16.12 亿元,同比+8.83%,扣非净利润为 13.86 亿元,同比+24.03%。一季度公司主要经营指标逆势增长,主要经营指标创历史同期新高。新兴 业务增强转型主引擎作用显现,科技创新成果加速转化,世界首套300 兆瓦级压缩空气储能项目实现全 容量并网发电,氢能、AI 赋能等新业务布局持续推进,我们维持公司2025-2027 年归母净利润87.9、 94.1、101.7 亿元,维持"买入"评级。 新签合同持续保持较快增速,保障公司经营稳健成长一季度公司完成新签合同额3889 亿元,同比增长 5.8%。核心业务工程建设新签合同3640.5 亿元,同比+15.5%,其中,传统能源、新能源及综合智慧能 源、城市建设、综合交通新签合同分别为833.4、1680.3、738.9、119.4亿元,同比分别+6.1%、+20%、 +57.8%、+96.7%,新能源业务持续高增。 分地区来看,实现境内新签合同额2874.6 亿元,同比增长4.2%;境外新签合同额1014.4 亿元,同比增 长10.5%,其中, ...
中国能建(601868):Q1扣非大涨24%,新业务布局持续推进
Tianfeng Securities· 2025-04-30 07:44
公司报告 | 季报点评 中国能建(601868) 证券研究报告 Q1 扣非大涨 24%,新业务布局持续推进 Q1 业绩稳健增长,维持"买入"评级 25Q1 公司实现营收 1003.71 亿元,同比+3.05%,归母净利润为 16.12 亿元, 同比+8.83%,扣非净利润为 13.86 亿元,同比+24.03%。一季度公司主要经 营指标逆势增长,主要经营指标创历史同期新高。新兴业务增强转型主引 擎作用显现,科技创新成果加速转化,世界首套 300 兆瓦级压缩空气储能 项目实现全容量并网发电,氢能、AI 赋能等新业务布局持续推进,我们维 持公司 2025-2027 年归母净利润 87.9、94.1、101.7 亿元,维持"买入"评 级。 新签合同持续保持较快增速,保障公司经营稳健成长 一季度公司完成新签合同额 3889 亿元,同比增长 5.8%。核心业务工程建 设新签合同 3640.5 亿元,同比+15.5%,其中,传统能源、新能源及综合智 慧能源、城市建设、综合交通新签合同分别为 833.4、1680.3、738.9、119.4 亿元,同比分别+6.1%、+20%、+57.8%、+96.7%,新能源业务持续高增 ...
三七互娱(002555):面向全球储备丰富产品,构建全链路AI赋能生态
GOLDEN SUN SECURITIES· 2025-04-30 06:23
证券研究报告 | 季报点评 gszqdatemark 2025 04 30 年 月 日 三七互娱(002555.SZ) 面向全球储备丰富产品,构建全链路 AI 赋能生态 业绩概览:公司发布 2025 年一季报,2025Q1 公司实现营业收入 42.43 亿元,YoY- 10.67%,QoQ+3.45%;实现归母净利润 5.49 亿元,YoY-10.87%,QoQ-29.19%, 实现扣非后归母净利润 5.36 亿元,YoY-12.90%,QoQ-24.90%。 一季度多款新产品上线,多元化产品长线运营实力持续增强。2025 年第一季度, 公司《时光大爆炸》《英雄没有闪》等多款产品已陆续上线,其中《时光大爆炸》 跻身微信小游戏畅销榜第 4 名,《英雄没有闪》上线后迅速冲进 iOS 畅销榜前五, 并在 4 月登顶微信小游戏畅销榜,表现出强劲的增长潜力。同时公司坚持内容突 破、长线运营,提升在运营产品的生命力,提高公司经营业绩的成长性和稳定性。 例如,公司国风模拟经营手游《叫我大掌柜》通过复古情怀的营销创意以及 IP 联 动激活新增用户,并围绕用户社交搭建长线生态,从而破圈拓展至更多群体,并拉 长产品生命周期。公司 ...
立讯精密(002475):智能制造升级与底层能力创新双轮驱动
Huaan Securities· 2025-04-30 03:03
Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a revenue of 268.79 billion yuan for 2024, representing a year-on-year growth of 15.9%, with a net profit attributable to shareholders of 13.37 billion yuan, up 22.0% year-on-year [4][5] - In Q1 2025, the company achieved a revenue of 61.79 billion yuan, a year-on-year increase of 17.9%, and a net profit of 3.04 billion yuan, up 23.2% year-on-year [4][5] - The company expects a net profit attributable to shareholders for the first half of 2025 to be between 6.48 billion and 6.75 billion yuan, reflecting a year-on-year growth of 20%-25% [4] Summary by Sections Financial Performance - In 2024, the company achieved a comprehensive gross margin of 10.4%, down from 11.6% in 2023, primarily due to losses from certain smart wearable products and short-term overcapacity in domestic production [5] - The gross margin for Q1 2025 improved to 11.2%, an increase of 0.4 percentage points year-on-year, attributed to continuous internal management improvements and cost optimization [5] Business Segments - The consumer electronics segment generated revenue of 224.09 billion yuan in 2024, maintaining rapid growth through a three-pronged strategy of "scene ecology, AI empowerment, and global collaboration" [6] - The communications segment reported revenue of 18.36 billion yuan in 2024, a year-on-year increase of 26.3%, driven by growth in component business [7] - The automotive segment achieved revenue of 13.76 billion yuan in 2024, a significant year-on-year growth of 48.7%, with expectations for continued high growth in 2025 [8] Profit Forecast - The company forecasts net profits attributable to shareholders of 17 billion yuan, 21.3 billion yuan, and 24.9 billion yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 2.34, 2.94, and 3.44 yuan per share [9][10]
昆山协鑫光电 田清勇总经理:AI赋能钙钛矿研发与产业化,协鑫光电高通量设备的创新实践
DT新材料· 2025-04-29 15:32
欢迎报名交流,加速钙钛矿迈向未来 随着钙钛矿光伏技术不断接近产业化临界点,如何在大尺寸制备、效率提升与生产良率控制等方面实现突破,成为推动钙钛矿商业化落地的关键。而在这 一过程中, 传统试错式研发模式已难以支撑高复杂度材料体系和多变量工艺的快速迭代, AI赋能高通量研发 正在成为加速钙钛矿产业升级的重要手段。 针对 钙钛矿研发与产业化深度融合AI智能化趋势 ,我们特别邀请了 昆山协鑫光电材料有限公司总经理田清勇先生 在本次论坛发表主题报告《AI赋能钙钛 矿研发与产业化:协鑫光电高通量设备的创新实践》。 本报告将聚焦全球钙钛矿行业的最新发展动态,深入解析AI大模型与高通量实验设备在协鑫光电研发体系中的创新应用,展示通过AI智能分析系统实现钙 钛矿单层与叠层技术快速迭代、优化与规模化落地的实践路径,同时分享协鑫光电在推动GW级叠层产线建设方面的最新布局与未来规划。 嘉宾简介 田清勇先生,毕业于清华大学、协鑫光电联合创始人兼总经理。2010年开始钙钛矿商业化研发,带队攻克器件优化、中试、吉瓦级产线的技术难关,屡破 大尺寸钙钛矿单结/叠层组件世界纪录。 由 中国科学院宁波材料技术与工程研究所光电信息材料与器件实验室 ...
议程重磅发布!晨星(中国)2025年度投资峰会最新阵容揭晓!
Morningstar晨星· 2025-04-29 11:56
晨星投资峰会(Morningstar Investment Conference,MIC)拥有超过37年的历史,是晨星享誉全 球的年度投资盛宴,足迹遍布中国、美国、澳大利亚、荷兰、印度、南非等国家,持续赋能全球数 万名投资者,实现财富保值与增值。 晨星(中国)2025年度投资峰会由晨星中国主办,广州投资顾问学院、嘉信理财、易方达基金、鹏 华基金、基煜基金、盈米基金、广州投资顾问产业链投资有限公司提供赞助支持。 此次峰会将于5月22日在上海浦东香格里拉酒店举办,围绕"智汇全球・共见未来——探索买方投顾 新生态",设置7场圆桌对话,5大主旨演讲,深度聚焦买方投顾生态重构、AI赋能资产管理体系等 前沿议题,汇聚海内外顶尖的行业领袖和专家学者,共探本土公募基金与财富管理市场的未来新路 径! 欢迎 扫描下方二维码 或 点击文末阅读原文 进行报名注册! 晨星(中国) 2025 年度投资峰会最新峰会议程: | 09:00-09:10 · 开场致辞 | | | --- | --- | | . 09:10-09:40 | 主旨演讲 | | | 公募基金和财富管理的大趋势(拟) | | 09:40-10:10 . | 主旨演讲 ...
金卡智能(300349):工商业燃气需求有序修复 积极推动AI赋能
Xin Lang Cai Jing· 2025-04-29 10:46
Core Viewpoint - The company reported a decline in revenue and net profit for 2024 and Q1 2025, indicating challenges in maintaining growth amidst market conditions [1][2]. Financial Performance - In 2024, the company achieved revenue of 3.066 billion, a decrease of 3.4%, and a net profit of 360 million, down 11.9% [1]. - For Q1 2025, revenue was 702 million, a decline of 2.3%, with a net profit of 44 million, down 55.8% [1]. - The gross profit margin for 2024 was 39.7%, a decrease of 2.6 percentage points, and the net profit margin was 12%, down 1.3 percentage points [2]. - In Q1 2025, the gross profit margin fell to 35.2%, down 5.8 percentage points, and the net profit margin was 6.2%, down 8.1 percentage points [2]. Business Segmentation - The revenue from smart residential gas terminals and systems accounted for approximately 56.5%, while smart commercial gas terminals and systems contributed about 22.9% in 2024 [2]. - The commercial gas customer demand is gradually recovering, and the company is leveraging policy opportunities in urban safety projects to strengthen market share [2]. Strategic Initiatives - The company is enhancing strategic partnerships, including collaborations with Hangzhou Gas and Shunwu Technology to develop smart gas information and automation systems [2]. - A memorandum of understanding was signed with Huawei HiSilicon to explore applications in digital gas, digital water, and new energy sectors [2]. - The company is focusing on R&D with a spending rate of over 7%, targeting innovations in quality flow meters and digital management systems [2]. Market Position and Future Outlook - The company holds the leading global market share in smart gas meters as of 2023, with plans to expand into digital water, energy, and process sectors [2]. - The government has issued policies to promote digital upgrades and smart management of municipal infrastructure, which is expected to support long-term growth [2]. - The profit forecasts for 2025, 2026, and 2027 are adjusted to 383 million, 436 million, and 504 million respectively, with corresponding EPS of 0.92, 1.04, and 1.20 [3].
国新文化25Q1营收同比增长74.47% AI赋能教育转型成效显著
Quan Jing Wang· 2025-04-29 09:30
Group 1 - The company reported a significant increase in revenue for Q1 2025, achieving 36.71 million yuan, a year-on-year growth of 74.47%, while the net loss narrowed to 8.26 million yuan, a reduction of 64.11% compared to the same period in 2024 [1] - The growth in revenue is primarily attributed to the rising demand for AI products and the successful implementation of AI application initiatives that began in 2024 [1] - The completion of several projects by the end of 2024 contributed to the revenue increase in Q1 2025 [1] Group 2 - The company, under China Guoxin Holdings, is advancing AI technology in educational services through its subsidiary, Oweya Electronics, which has nearly 500 proprietary intellectual properties and over 1,000 partners, serving more than 70,000 schools [2] - Oweya has maintained a leading position in the industry with a research and development investment intensity of 30.25% in 2024, and has upgraded its education-specific model to version 2.0, enabling real-time data collection and analysis in classrooms [2] - The company is transitioning from a traditional educational equipment provider to a comprehensive AI education service provider [2] Group 3 - The company has established a dual business structure focusing on "information technology + vocational education" in alignment with the "Education Strong Nation" strategy [3] - The company has implemented five educational assistance projects, serving over 710 primary and secondary schools and training more than 5,900 teachers, impacting approximately 198,000 students [3] - The company aims for steady internal growth and external innovation, exploring overseas business opportunities and optimizing its industrial layout to enhance core functions and competitiveness [3]
“东软方案”推动“人车共智慧”时代加速到来
Zhong Guo Qi Che Bao Wang· 2025-04-29 08:57
从软件定义汽车,到AI全面赋能,从以功能实现为导向,到以用户体验为引领,汽车进化的车轮滚滚而动,这一过程少不了汽车厂商、供应链企业 等的共同努力。4月23日,在2025上海国际车展上,东软集团焕新发布三大产品矩阵——东软A³舱行泊产品平台、东软汽车行业NeuMind赋能体、东软 OneCoreGo®全球车载智能出行解决方案6.0,标志着其在推动智能出行的进程中,又迈出了坚实且关键的一步。 应时代之变交出"东软方案" 目前,AI在智能网联汽车领域的应用,正在改变人们对出行的认知和期待,AI技术也使得人机交互进入了全新的境界,提供了更加丰富和个 性化的用户体验。而且,AI技术的融入,不仅改变汽车产品本身,也在重塑整个汽车产业链的结构和运作方式。 AI技术崛起,为汽车进化开辟新径。不过,AI之于汽车,绝非仅仅是加个前缀,其内涵是AI技术在汽车全领域的深度渗透。如何在AI时代绘画出智 能出行新答卷?作为软件定义汽车时代车企创新的核心合作伙伴和产业变革的赋能者,东软集团在2025上海车展上交出了"东软方案"。 汽车智能化迈入全域智能新纪元 解读"东软方案"的背后,是其在智能汽车互联领域的一次重要技术升级,不仅体现了技术 ...
康冠科技(001308):25Q1业绩点评:创新显示增长亮眼
Huaan Securities· 2025-04-29 08:37
Investment Rating - The investment rating for the company is "Buy" [9] Core Views - The company's television ODM and smart interactive performance continue to show steady growth, with optimism regarding the growth potential from AI-enabled innovations and the expansion of its own brand overseas [5] - Revenue and profit forecasts for 2025-2027 are projected at 17.6 billion, 19.9 billion, and 22.0 billion yuan respectively, with year-on-year growth rates of +13%, +13%, and +11% [5] - The expected net profit attributable to the parent company for the same period is 1.0 billion, 1.2 billion, and 1.4 billion yuan, with year-on-year growth rates of +17%, +19%, and +17% [5] Revenue Analysis - In Q1, the company reported revenue of 3.142 billion yuan, a year-on-year increase of 10.8%, and a net profit attributable to the parent company of 215 million yuan, up 15.8% year-on-year [9] - The smart TV segment saw a revenue increase of 6% year-on-year, with volume and price changes of +31% and -19% respectively, attributed to a strategy of gaining market share through price adjustments [9] - The smart interactive segment experienced a 10% year-on-year revenue increase, driven by a recovery in demand, particularly in professional displays and gaming screens [9] - Innovative products achieved a remarkable 50% year-on-year revenue growth, with significant contributions from the company's own brands [9] Profitability Analysis - The gross margin for Q1 was 13.4%, reflecting a 0.4 percentage point increase year-on-year, primarily due to improved product mix and stable panel prices [9] - The net profit margin for Q1 improved by 0.3 percentage points year-on-year, with a notable decrease in various expense ratios, except for brand-building investments [9] - The company expects to maintain a positive trend in profitability, with net profit margins projected to improve gradually over the forecast period [10]