Group 1 - The Digital China Construction Summit will open on April 29, with over 38,000 participants registered as of April 27, marking a record high for both the number of events and participants [2] - The summit will feature an opening ceremony, a main forum, around 20 sub-forums, and special activities such as the Digital China Innovation Competition and themed dialogues [2] - The on-site experience area opened to the public on April 28, covering 56,000 square meters and showcasing four exhibition sections focused on optimizing the digital environment and empowering economic and social development [2] Group 2 - More than 400 exhibitors are participating, with over 75% being companies and a first-time exhibition rate of approximately 65%, featuring over 100 interactive projects and more than 30 physical models [4] - The National Medical Products Administration's booth features an "AI Expert" digital human that provides quick answers regarding policies and procedures related to drug regulation [4] - The summit is co-hosted by several national and local government bodies, with the theme "25 Years of Progress: New Chapters in Digital China - Intelligent Leadership for High-Quality Development" [6]

Core Insights - The eighth Digital China Construction Summit will be held in Fuzhou, Fujian Province, with a focus on digital transportation and logistics [1] - This year marks the 10th anniversary of "Digital China" and the 25th anniversary of "Digital Fujian," showcasing the achievements of Shenzhou Holdings in empowering digital governance [1] Group 1: Digital Initiatives in Longyan - Longyan, a famous revolutionary area, has seen the successful implementation of the "Digital Longyan" project since 2014, which has been replicated in multiple cities across Fujian [2] - The "e-Longyan" platform, launched in 2018, facilitates data sharing and public service interactions, allowing citizens to report issues via mobile devices, creating a closed-loop service system [2] Group 2: Expansion of Digital Models - Following the success of the Longyan model, Shenzhou Holdings has developed the "e-Sanming" and "e-Zhangzhou" models, enhancing public service efficiency in Sanming with 1.96 million registered users and 2.7 billion total visits [4] - In Zhangzhou, the Zhangzhou Tong app serves as a unified public service platform, with 2.326 million users and approximately 4.8 million online transactions [6] Group 3: AI Integration in Zhangzhou - Shenzhou Holdings has introduced an AI assistant named "Houxi," which utilizes a localized deployment of the DeepSeek model to enhance government service efficiency [7] - "Houxi" has achieved over 95% accuracy in answering inquiries related to government services and offers innovative features like automatic service entry suggestions [9] Group 4: Future Contributions - Shenzhou Holdings aims to continue developing replicable models for digital governance, contributing to the broader goals of Digital China [9]

Core Viewpoint - The company aims to become a global leader in AIDC (Automatic Identification and Data Capture) and IoT (Internet of Things) solutions, focusing on the development, production, and sales of intelligent data terminals and related software and cloud services [2][4]. Company Overview - The company is dedicated to providing integrated AIDC terminal products that facilitate real-time data collection, computation, transmission, and printing, supporting the digital transformation of various industries [2]. - Key industries served include logistics, e-commerce, retail, manufacturing, healthcare, and public services, among others [2][4]. Product Categories - **Intelligent Data Terminals (PDA)**: The company develops industrial-grade smart data terminals, including handheld and wearable PDAs, RFID readers, and industrial tablets, utilized across multiple sectors [4]. - **Intelligent Payment Terminals (Smart POS)**: The company offers comprehensive payment solutions through smart POS devices, catering to banks, third-party payment platforms, and various retail and service industries [5]. - **Specialized Printers**: The company is a leading provider of specialized printing solutions, including label printers and industrial printers, serving sectors like logistics, healthcare, and retail [5]. - **Intelligent Automation Equipment**: The company develops diverse automation solutions, such as smart sorting devices and warehouse robots, aimed at enhancing operational efficiency in logistics and manufacturing [6]. Software and Cloud Services - The company has created a robust software and cloud service platform, UEE (UROVO Enterprise Enabler), designed to meet the specific needs of various industries, facilitating the integration of hardware and software for comprehensive solutions [7]. Financial Data - The company has not required restatement of previous financial data, indicating stable financial reporting practices [8].

技术创新，核心竞争力凸显 2024年，浩瀚深度尽管受到宏观经济环境及行业周期性波动的影响，业绩有所承压，但公司在网络可视 化、信息安全及大数据解决方案领域的市场领先地位依然稳固。 尤为值得一提的是，浩瀚深度在信息安全防护解决方案领域取得了显著突破。该板块营业收入同比增长 15.38%，毛利率大幅提升至54.97%，成为公司业绩增长的新引擎。这得益于公司不断加大的研发投入 和技术创新，以及对市场需求的精准把握。同时，公司在大数据解决方案领域的毛利率也高达 86.77%，进一步巩固了公司在行业内的竞争优势。 研发实力强劲，创新驱动发展 浩瀚深度始终将技术创新视为企业发展的核心驱动力。2024年，公司研发投入达到11261.96万元，占营 业收入的25.46%，同比增长12.35%。报告期内，公司新增专利37项，均为发明专利，累计获授权专利 达到104项，其中发明专利92项。此外，公司还新增软件著作权27项，累计拥有软件著作权346项。 这些知识产权的积累不仅彰显了公司的研发实力，也为公司未来的技术创新和业务拓展奠定了坚实基 础。例如，公司成功研发出基于国产FPGA芯片的高性能DPI专用设备，以及基于分布式边缘计算 ...

Core Viewpoint - The digital economy in China has made significant progress since the launch of the "Digital China" initiative in 2015, with the year 2025 marking the 10th anniversary of this initiative, leading to a new phase of development [2] Group 1: Market Performance - The CSI Digital Economy Theme Index (931582) rose by 1.42% as of April 10, 2025, with constituent stocks such as Jingsheng Electronics (600699) up by 5.87% and Mingzhi Electric (603728) up by 5.82% [1] - The Digital Economy ETF (560800) increased by 1.76%, with a latest price of 0.75 yuan and a turnover of 10.6593 million yuan during the trading session [1] - The Digital Economy ETF saw a significant increase in shares, growing by 16 million shares over the past week, ranking it in the top half among comparable funds [1] Group 2: Investment Trends - The Digital Economy ETF attracted a total of 22.5661 million yuan in inflows over the last four trading days, indicating strong investor interest [1] - Leveraged funds are increasingly positioning themselves in the digital economy sector, with the latest margin buying amounting to 2.2885 million yuan and a margin balance of 12.7579 million yuan [1] Group 3: Policy and Future Directions - The next phase of development will focus on "data elements x" and "artificial intelligence +", emphasizing the need to address existing challenges through enhanced infrastructure and data supply [4] - The domestic economic policies are expected to positively influence growth expectations, with the "信创" (Xinchuang) sector likely to benefit from ongoing policy support and improvements in domestic software and hardware performance [4] Group 4: Index Composition - As of March 31, 2025, the top ten weighted stocks in the CSI Digital Economy Theme Index accounted for 50.55% of the index, with stocks like Dongfang Wealth (300059) and SMIC (688981) being the most significant contributors [5][7]

Group 1: Market Overview - The A-share market experienced a broad-based rally led by technology, with the Shanghai Composite Index rising by 1.55%, the Sci-Tech 50 up by 2.67%, the Shenzhen Component increasing by 2.19%, and the ChiNext Index gaining 1.61% during the week [1][9] - Daily trading volume reached a new high of 1.70 trillion yuan, indicating strong market activity concentrated in high-growth sectors such as AI, smart driving, and robotics [1][9] Group 2: Technology Sector Insights - The technology sector is driven by dual forces of AI computing power and data elements, with storage chips entering a price increase cycle, benefiting companies like Jiangbolong, which is positioned as a leader in the storage industry [2][21][22] - The connector market is also poised for growth, with companies like Hongrida benefiting from the demand for AIoT upgrades and increased orders from smart terminals [3][24] Group 3: High-end Manufacturing - The smart driving industry in China is rapidly developing, supported by policy initiatives and technological advancements, with expectations that by 2025, the penetration rate of high-level autonomous vehicles will exceed 70% [4][25] - The industry is witnessing a shift towards domestic chip production and the formation of a cloud-integrated ecosystem, with companies like BYD pushing advanced smart driving technology to more affordable models [4][25] Group 4: Mechanical and Industrial Automation - Increased infrastructure investment and domestic demand recovery are driving growth in the mechanical and industrial automation sectors, with a focus on intelligent and electric technologies reshaping the industry landscape [6][26] Group 5: Innovative Pharmaceuticals - The innovative drug sector is highlighted for its investment value, with Chinese pharmaceutical companies leveraging low-cost production and efficient R&D to enhance their global market share [7][27] - The sector is experiencing a shift towards original drug development, supported by policy reforms that accelerate the growth of biotech companies [7][27]