证券代码：301159 证券简称：三维天地 北京三维天地科技股份有限公司 投资者关系活动记录表 编号：2025-001 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（请文字说明其他活动内容） 参与单位名称及人员姓名 线上参与公司2024年度业绩网上说明会的投资者 时间 2025年05月15日 15:00-17:00 地点 价值在线（https://www.ir-online.cn/）网络互动 上市公司接待人员姓名 董事长、总经理 金震 董事、财务总监 王兆君 董事会秘书 彭微 独立董事 高金波 保荐代表人 徐国振 投资者关系活动主要内容 介绍 1.2025年公司的业绩能扭亏为盈吗？ 答:改善经营业绩、实现扭亏为盈是公司2025年重要目标之 一。在"聚焦数字经济，致力AI创新，抢占市场先机，推进新场景 落地"的发展战略指引下，2025年公司将重点做好以下工作：保持 研发优势，推进公司主营业务AI赋能；拓展产品市场，推动公司产 品应用落地；激励人才发展，激发团队创新活力；优化内部管理， 提升公司运营效率。公司对通过以上措施实现2025年业绩 ...

价格成本和认证中心与教育部学生服务与素质发展中心签署战略合作协议 金十数据5月16日讯，5月8日下午，价格成本和认证中心与教育部学生服务与素质发展中心在北京举行 战略合作协议签约仪式。双方将立足国家数据要素市场化配置改革战略，充分发挥各自比较优势，聚焦 高等教育领域数据资源价值释放，共同构建科学高效的数据要素成本核算与价格形成机制，为教育现代 化与高质量发展注入新动能。 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [6][8]. Core Views - The company is undergoing a significant transformation driven by "intelligent computing power + data elements," focusing on AI capabilities to enhance its market competitiveness and operational efficiency [3][5][6]. - The financial outlook shows a narrowing of losses, with projected net profits increasing significantly from 2025 to 2027, indicating a potential turning point in profitability [5][6][7]. Summary by Sections 1. AI and Big Data-Driven Core Business Layout - The company is building a high-performance computing service ecosystem, aligning with national strategies and forming joint ventures to enhance its computing power capabilities [13]. - The "HuiKe Cloud" platform is central to the company's data assetization process, integrating extensive offline commercial data to provide intelligent decision-making solutions [14][16]. - A change in actual control is anticipated, with a strategic shift towards integrating 3D printing, AI, and computing power [17][20]. 2. Large Models Driving Industrial Transformation - The emergence of open-source ecosystems is facilitating rapid innovation in vertical applications, with the company leveraging these advancements to enhance its AI capabilities [4][35]. - The introduction of the "Doubao Video World" model represents a breakthrough in visual cognition, enabling new applications in various fields without reliance on textual data [38][42]. 3. Financial Overview: Narrowing Losses and Strengthening Long-Term Value - The company has experienced revenue fluctuations and short-term profitability pressures, primarily due to high R&D expenditures and fixed costs [59]. - The transition to data services has led to a significant improvement in gross margins, indicating the effectiveness of the strategic shift towards becoming a data service provider [61]. 4. Profit Forecast and Investment Recommendations - The company is expected to see substantial growth in net profits from 2025 to 2027, with earnings per share projected to rise significantly [6][7]. - The report emphasizes the potential for the company's AI and data services to drive future growth, supported by favorable market conditions and policy incentives [6][54].

Group 1 - The Ministry of Natural Resources will hold a press conference on May 16 to discuss the role of land spatial planning in promoting high-quality urban development [2] - The 2025 Data Security Development Conference will take place from May 16 to 18 in Zhejiang, focusing on marketization of data elements and data security driven by AI [3] - A total of 12 companies will have their restricted shares unlocked today, with a total unlock volume of 116 million shares, amounting to a market value of 2.325 billion yuan [4] Group 2 - 34 companies have disclosed their stock repurchase progress, with 4 companies announcing new repurchase plans and 17 companies having their plans approved by shareholders [5] - The People's Bank of China will have 77 billion yuan of 7-day reverse repos maturing today, with an operation rate of 1.4% [5] - Upcoming data releases include the annualized new housing starts in the US for April and the seasonally adjusted trade balance for the Eurozone for March [6]

年初以来，省数据局（省营商局）紧紧围绕发挥数据基础资源和创新引擎作用，按照数字中国整体 规划布局，统筹推动基础设施建设、激发数据要素潜能、做优做强数字经济、数字政府协同高效，取得 阶段性进展。目前，国家数据要素综合试验区全面启动，完成了首批公共数据资源登记。AI赋能政务 服务步伐加快，DeepSeek接入12345平台实现本地化部署。组织完成数字辽宁重大项目库动态更新，全 年滚动推进项目336个、总投资962亿元，计划投资135亿元。 优化营商环境方面，为经营主体降本增效是一季度工作的核心。阶段性完成综合窗口改革任务，单 个窗口可办理事项提升2.2倍，日均业务量提升58%，"一窗"受理率达到92.3%。"免申即享、直达快 享"提质扩面，"政策库"再升级，新增涉及产业发展、税收政策、科技创新等领域惠企政策176条。服务 方面，我省提出打造"整体性营商服务体系"，完善第一批全省增值服务事项清单，推动有条件的政务服 务中心引入金融、公证、勘验等专业机构，满足个性化需求。推动一体化政务服务平台等载体迭代升 级，不断优化"一网通办""全程网办"服务。开展"领导干部热线接听日"活动，启动开发"扫码入企"功 能，规范涉企行 ...

Group 1 - Liaoning is promoting infrastructure construction and enhancing the potential of data elements, achieving phased progress in digital economy and government collaboration [1][2] - The province has developed a plan for market-oriented data element allocation reform, focusing on six areas including supply, circulation, innovation application, infrastructure, industry ecosystem, and data security [1] - A "1+6" promotion system has been established with 22 key tasks to optimize data allocation and improve its contribution to economic and social development over the next three years [1] Group 2 - Liaoning aims to strengthen its data infrastructure, addressing shortcomings in computing power, network, circulation, and security systems to support the digital transformation of various industries [1][2] - The province plans to enhance digital government construction through a top-level design and the establishment of a "1131" system, including a chief data officer and an AI-government joint meeting mechanism [2] - Efforts will be made to advance the digitalization of industries, including manufacturing, agriculture, and services, to unlock the value of data elements and support transformation [2]

Core Insights - The event "Walk Through China" highlighted the rapid development of the digital economy in Inner Mongolia, showcasing key projects in Hohhot and Ulanqab [1][5] - The Inner Mongolia Data Trading Center has established itself as a significant data circulation hub, with 503 data products and a computing power of 67,000 P, which is recognized internationally for its impact on capital market efficiency [1][5] - The Chahar High-tech Development Zone aims to achieve a computing power of 120,000 P by 2025, with a planned investment of 7.5 billion and a revenue target of over 10 billion [5] Data Hub: Core Engine for Value Activation - The Inner Mongolia Data Trading Center, operational since October 2024, has developed a diverse product matrix across various sectors, including finance and transportation [1] - The center's computing power is noted to be at a world-class level, enhancing the efficiency of financial transactions and data transmission [1] - The center is part of a national initiative to promote data trading and integration across the country [1] Virtual and Cultural Innovation - The Cloud Valley Exploration Port in Hohhot serves as a platform for digital cultural experiences, utilizing VR technology to enhance cultural dissemination [2][3] - The port has attracted numerous visitors and aims to become a renowned digital exhibition landmark [3] Computing Power: A Global Benchmark for Intelligent Computing Industry - The Chahar High-tech Development Zone has implemented 16 major data projects, supporting a computing power system of 58,000 P with 440,000 servers [5] - The zone is home to significant enterprises like Huawei and Alibaba, focusing on large-scale model training and inference [5] - Future plans include expanding computing power and investment in the big data industry, with ambitious revenue goals [5]

Group 1 - The total e-commerce transaction volume in the province for Q1 reached 324.16 billion yuan, indicating a stable overall operational trend [1] - Service-related transactions grew rapidly, with a transaction volume of 89.03 billion yuan, a year-on-year increase of 13.6% [1] - Online retail sales amounted to 119.45 billion yuan, up 14.7% year-on-year, surpassing the overall retail sales growth rate by 7.7 percentage points [1] Group 2 - The number of e-commerce platforms in the province reached 80, with a total transaction volume of 77.01 billion yuan [1] - Zhengzhou had the highest number of e-commerce platforms at 30, contributing 56.76 billion yuan, which is 73.7% of the total e-commerce platform transaction volume [1] - Cross-border e-commerce transactions showed steady growth, with a total import and export transaction volume of 63.21 billion yuan, including 48.01 billion yuan in exports [1] Group 3 - The province's e-commerce development is supported by accelerated network construction, improved inland shipping networks, and the normal operation of China-Europe freight trains [2] - Future e-commerce growth is expected to stimulate consumption and enhance market vitality through deeper integration with the real economy and full exploitation of data value [2]

Group 1 - The core viewpoint of the news is the launch of the first national data trading standard implementation action in Beijing, aimed at promoting the application of data trading standards and facilitating the construction of a unified national data market [1][2] - The action includes a comprehensive standard system developed by the Beijing International Big Data Exchange, covering general guidelines, service guidelines, and security assessments for data trading, providing a full range of standard support for data transactions [1][2] - The event also introduced 10 pilot units for the data series standards in Beijing and 10 pilot units in Chaoyang District, showcasing the practical application of these standards [1][2] Group 2 - A notable innovation is the release of the first standard implementation tool in the data trading field, which establishes a comprehensive security assessment system covering data providers, data demanders, and trading venues [2] - The tool is based on the local standard for data trading security assessment, allowing enterprises to accurately grasp the core essence of the standards and scientifically evaluate their security levels, significantly lowering the barriers to standard implementation [2] - By 2025, Chaoyang District aims to have 10 core enterprises involved in the formulation of data trading standards, 100 key enterprises participating in pilot implementations, and standard services covering 1,000 enterprises, enhancing the district's influence in the data trading sector [2][3] Group 3 - The Beijing International Big Data Exchange plans to focus on key directions, fields, and enterprises for ongoing standard implementation work, including the development of local standards for data productization, assetization, cross-domain circulation, and anonymization technologies [3] - The application of standards will be emphasized in key sectors such as advanced manufacturing, healthcare, finance, transportation, and energy, promoting the integration of data and real economy [3] - The initiative targets data-driven and innovative enterprises, providing standard support for high-quality development [3]

Core Viewpoint - The report indicates that Aerospace Hongtu's 2024 performance fell short of market expectations, with a focus on expanding data element services and enhancing core product competitiveness [1][2][3][4]. Financial Performance - In 2024, Aerospace Hongtu reported revenue of 1.575 billion yuan, a year-on-year decrease of 13.39%, and a net loss attributable to shareholders of 1.393 billion yuan, an increase in loss of 272.23% year-on-year [2][3]. - For Q1 2025, the company achieved revenue of 124 million yuan, down 44.10% year-on-year, with a net loss of 115 million yuan, a decrease in loss of 23.91% year-on-year [2][3]. Operational Insights - The decline in performance is attributed to macroeconomic pressures and a reduction in order quantities in 2023 and 2024, compounded by a pause in military procurement leading to inventory impairment provisions [3]. - The company is focusing on enhancing the competitiveness of its core products, with plans to upgrade its industrial development model and optimize core product capabilities [3]. Strategic Initiatives - Aerospace Hongtu has completed the networking of 12 radar remote sensing satellites, achieving a global revisit cycle of up to 6 hours, which is valuable in fields such as land surveying and disaster reduction [3]. - The company aims to strengthen its cloud platform infrastructure and transition core products to the cloud, enhancing its service capabilities and facilitating seamless migration for clients from offline to online [3][4]. Data Element Services - The company has launched 14 categories of data products on the Shanghai Data Exchange, targeting various sectors including surveying, land, disaster reduction, and agriculture, to support the digital economy [4]. - Aerospace Hongtu is committed to becoming a leading "data merchant," leveraging its data processing capabilities to assist in the construction of digital government and society [4]. Earnings Forecast - The EPS forecast for 2025-2026 has been revised down to 0.48 yuan and 0.81 yuan, respectively, with a projected EPS of 1.26 yuan for 2027 [4]. - The company maintains a "buy" rating, anticipating a recovery in business as downstream customer orders resume [4].