AI 赋能钢铁革新，工业机器人落地生根 宝信软件(600845) ——宝信软件（600845.SH）报告 股票研究/ [Table_Date] 2025.06.19 计算机 [Table_Industry] /信息科技 [Table_Invest] 评级 增持 本报告导读： 公司作为工业软件行业龙头，大力推动 AI 赋能钢铁产业革新，自研平台构建自主可 控工业软件体系，随着工业级机器人应用端落地生根，看好公司长期发展。 请务必阅读正文之后的免责条款部分 目标价格 33.64 [Table_CurPrice] 当前价格： 24.76 [Table_Market] 交易数据 投资要点： | [Table_Finance] 财务摘要（百万元） | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入 | 12,916 | 13,644 | 14,738 | 16,347 | 18,368 | | (+/-)% | -1.8% | 5.6% | 8.0% | 10.9% | 12.4% | | 净利润（ ...

"走出去"战略持续推进，AI 应用场景加速落地 云鼎科技(000409) 公司跟踪报告 | | ל חדשים (ראו רווא ב | | --- | --- | | 1 | . | 金属，采矿，制品 [Table_Industry] /原材料 | | | 公司跟踪报告 | [Table_Invest] 评级： | 增持 | | --- | --- | --- | --- | --- | | [table_Authors] 杨林(分析师) | 杨蒙(分析师) | 魏宗(分析师) | [Table_Target] 目标价格： | 13.96 | | 021-38676666 | 021-38676666 | 021-38676666 | | | | 登记编号 S0880525040027 | S0880525040072 | S0880525040058 | | | 本报告导读： | 52 周内股价区间（元） | 7.01-16.02 | | --- | --- | | 总市值（百万元） | 7,749 | | 总股本/流通A股（百万股） | 678/423 | | 流通 B 股/H 股（百万股） | 0/ ...

Core Points - The second session of the series of press conferences on advancing comprehensive reform pilot programs was held in Shenzhen [1] - The Qianhai Shekou Free Trade Zone will expand value-added telecommunications services to attract foreign investment in fully-owned internet data centers, content distribution networks, and application stores [1] - The initiative includes the development of internet access services and the expansion of software business exports, supporting software development in artificial intelligence, industrial internet, and modern logistics [1] - The plan aims to enhance the operational service systems of high-quality software companies and improve the competitiveness of software exports [1]

Group 1: Core Insights - The report emphasizes the necessity for enterprises to pursue intelligent transformation and digital transformation in the context of a global industrial restructuring, where manufacturing has regained its competitive edge [1][17]. - The report provides comprehensive and practical guidance for enterprises to achieve transformation and upgrading [1]. Group 2: Intelligent Transformation - The external environment is characterized by increasing quality demands in international markets, necessitating high-quality and cost-effective products for competitive success [2][13]. - Countries are implementing re-industrialization strategies centered on revitalizing manufacturing, such as Germany's "Industry 4.0," the U.S.'s "Industrial Internet," and China's "Made in China 2025" [2][19]. - Intelligent transformation is defined as an upgrade utilizing automation and information technology to enhance production efficiency and quality while reducing costs [2][33]. - The characteristics of intelligent transformation include systematic engineering, full-process closure, and human-machine collaboration, leading to improved production efficiency and management levels [2][30]. Group 3: Implementation Pathways and Case Studies - The pathways for intelligent transformation involve addressing data collection, device connectivity, and management process standardization, with steps including consultation, design, implementation, and evaluation [3]. - An example is AVIC's intelligent manufacturing development, which aims for full intelligent production of aviation products by 2025, characterized by dynamic perception and real-time analysis [3]. Group 4: Digital Transformation - Digital transformation is described as a disruptive innovation that reconstructs products, services, production methods, and business models using digital technologies like cloud computing and IoT [4]. - The essence of digital transformation is to build a digital platform that facilitates efficient conversion from business to data, data to information, and knowledge to wisdom [4]. Group 5: Support for Traditional Enterprises - To support traditional enterprises in intelligent transformation and digitalization, measures include accelerating the cultivation of emerging intelligent technology industries and promoting the intelligent upgrade of traditional industries [5]. - Policies may involve establishing special funds, supporting "machine substitution," and nurturing intelligent technology industry entities [5].

Group 1 - Nanjing Steel Group (南钢) showcased its digital transformation achievements at the 2025 Nanjing Software Conference, highlighting its shift towards software and digital solutions [1][2] - The company has invested approximately 5 billion yuan in digital technologies, focusing on "data governance + industrial internet + artificial intelligence" to drive its transformation [1][2] - Nanjing Steel's digital initiatives have led to an 85% digitization rate across all business operations, a 90% digitization rate for key production equipment, and a 100% CNC rate for critical processes [2] Group 2 - Jin Heng Technology, a subsidiary of Nanjing Steel, presented its "smart operation center," which integrates manufacturing, operations, and ecology into a comprehensive digital twin system for the steel industry [2][3] - The company has developed the first fully automated and intelligent metallographic analysis system in China, significantly improving detection efficiency and reducing reliance on human expertise [2] - Over the past five years, Nanjing Steel has reduced quality costs by 10%, R&D costs by 20%, and increased the yield rate of high-end products by 5% through digital collaboration across the supply chain [2] Group 3 - Jin Heng Technology has become a national-level "specialized and innovative" small giant enterprise, serving over a hundred key clients across various industries, including steel, mining, and petrochemicals [3] - The company has successfully implemented several benchmark projects, including smart operations and digital factories, enhancing its capability to provide digital transformation services to the steel industry [3] - Following the conference, Nanjing Steel plans to collaborate with Huawei to launch the "Yuan Ye" steel model architecture and an industrial intelligence platform, aiming to revolutionize the steel industry [4]

"上世纪90年代末我们上学那会儿，机器人在国外的制造工厂其实已经成熟应用，但在国内还是令人向 往的未来场景。2000年前后，工业机器人在国内工厂逐步实现单工位上岗，现在已成为许多工厂生产的 新常态。"兰韦明感慨。 整个园区有300多个机器人工友，分布在备料、焊接、机加、涂装、装配等不同工位。行走在中大挖装 配车间生产线上，各种机器人协同作业，AGV小车在地面上来回穿梭。它们更像是产线上的主角，工 程师间或出现，观察各个工位上这些不会说话的工友的运行情况。 20余年三级跳，机器人成为新工友 在支重轮智能化装配工位上，记者看到，一台大型挖掘机的下底盘结构件，被四台六轴机器人簇拥着， 它们两两一组，协同作业。 长沙晚报全媒体记者 周辉霞 它们是负重大力士，小小的身板能承载几十公斤的重物，准确地搬运到指定位置；它们是能干细活 的"猛张飞"，强壮的六轴臂能自如伸展，指关节握刀切瓜、持焊枪焊钢板…… 1960年，世界第一台用于工业生产的机器人圆柱坐标型Versatran在美国诞生，人们就在钻研探索怎样将 工业机器人应用到生产线上，提高效率、改善环境、保障安全、降低成本，推动制造工厂从1.0升级到 4.0。 据长沙市工信部 ...

在全球汽车产业加速向电动化、智能化转型的当下，效率已成为决定企业竞争力的核心变量。以"中国速度"为标杆，越 来越多的跨国企业正掀起一场"效率革命"，尤其是在研发领域。大众集团、日产等国际巨头已明确表态，将大幅缩短产品研 发时间；国际零部件供应商马瑞利近日也表示，其正在实施一项新的发展战略，将原本长达3年的产品研发周期压缩至12个 月，并将"中国速度"模式推向全球。 近年来，"中国速度"已成为跨国车企及零部件巨头高管最常说到的词汇之一，而这些企业正在将"中国速度"从中国市场复制 到全球，以加快研发，提升竞争力。与此同时，中国车企自身也在凭借"中国速度"的优势加速全球化，以比亚迪、奇瑞、零 跑汽车等为代表的企业，正通过缩短海外市场车型研发周期、快速响应本地化需求，让世界直观感受"中国速度"的冲击力。 从中国到世界 跨国车企热捧"中国速度" "过去，汽车行业的产品研发周期通常需要3年甚至更久，如今在中国，这一时间已缩短至12到18个月。我们经常看到关于'中 国速度'的报道，而这正是'中国速度'的具体体现，且这也是汽车行业的发展方向。"马瑞利首席创新与技术官约阿希姆·费策 尔指出。 过去，车企往往需要耗费数年时间完成 ...

重点关注 ·2025陆家嘴论坛18日开幕中央金融管理部门将发布若干重大金融政策 ·5月外汇市场运行平稳非银行部门跨境资金净流入330亿美元外资增持境内股票较上月进一步增加 ·外媒称特朗普正越来越有意动用美国军事资产空袭伊朗核设施国际原油结算价涨超4% 美股下跌 国内要闻 ·国内大模型独角兽MiniMax发布世界上第一个开源的大规模混合架构的推理模型MiniMax-M1，这也 是"MiniMaxWeek"系列发布活动的首个对外发布。据MiniMax介绍，M1在面向生产力的复杂场景中能 力是开源模型中的最好一档，超过国内的闭源模型，接近海外的最领先模型，同时又有业内最高的性价 比。MiniMax宣布将连续五天发布重要更新，第一弹是开源首个推理模型MiniMax-M1，其多项基准测 试比肩DeepSeek-R1、Qwen3等开源模型，接近海外的最领先模型，但算力成本仅约53万美元。（新华 财经） ·国家发展改革委发布消息称，国内汽油价格和柴油价格分别上调260元／吨和255元／吨。折合升价， 92号汽油上调0.20元，95号汽油和0号柴油均上调0.22元。本次油价上调落地之后，驾车出行成本将有所 增加。按照油箱容量 ...

一名上海消费者从填完缺货登记表到拿到一件波司登羽绒服，最快需要多久？答案是72小时。 生产好的羽绒服通过波司登的物流系统自动打包、贴运单后直接从工厂发货。波司登集团物流管理中心 总监戴建国介绍，公司物流自动化程度达90%以上，出入库量最高可达100万件/天。从自动称重、抽 样、校验到机器人分拣、码垛、搬运，从机器人分拣到自动包装、贴标，从自动交付到智能配送，公司 构建起了智能物流体系。 以数字化变革更好对接消费需求，不仅体现在生产端，也体现在销售端。2024年12月，波司登北京三里 屯登峰概念店开业。在这里，消费者除了可以购买标准版的羽绒服，还可以享受袖子改短、衣长加长、 腰身放大等定制化服务。需求通过小程序从门店传送到产品部门，消费者可以在小程序上实时查看定制 进度。即便所在城市没有波司登门店，通过寄回厂家也能享受改衣和修补服务。一名消费者网购了一件 波司登羽绒服，肥瘦合适，但因为个子矮，衣服显得特别长，于是联系售后寄回，改短10厘米后满足了 消费者的个性化需求。 如今，波司登在设计端开发出了AI大模型，实现了从设计构思到虚拟成衣交付的全流程数字化闭环。 去年，有借助AI生成的8款花型和9款成衣推向市场。波 ...

在厦门市同安区的产业版图上，一场深刻的变革正在酝酿。2024年数据显示，全区制造业占GDP比重达 57.8%，服务业占比40.9%，推动制造业与服务业深度融合，成为同安区重塑企业发展模式，重构区域 经济竞争力的关键。 此前，国家《关于推动先进制造业和现代服务业深度融合发展的实施意见》明确提出，要推进智能工厂 建设、加快工业互联网创新应用、推广柔性化定制、优化供应链管理、发展服务衍生制造、发展工业文 化旅游等融合发展的新业态新模式。这为同安区依托制造业基础，推动两业深度融合提供了重要机遇， 不仅有利于发展服务型制造，还能促进生产性服务业向专业化、高端化方向升级，为区域经济结构优化 和产业链价值提升注入新活力。 服务型制造：重构产业价值链 在同安，制造业企业正在突破传统边界，通过服务化转型构建新的价值网络。通过引导家居智造等领域 龙头企业从"产品制造商"向"综合解决方案提供商"转型，支持企业整合设计、运维、金融等资源，提供 涵盖设备智能化改造、能源管理、供应链优化的一体化服务。 同安区同时也是现代都市农业的聚集地，拥有百利、银祥等17家农业龙头企业，2024年都市现代农业产 业集群实现营收450亿元，同比增长12 ...