Core Insights - The article highlights the transformation of procurement processes in Chinese enterprises through the adoption of smart procurement platforms, which enhance efficiency and decision-making capabilities [1][3][8] Group 1: Current Challenges in Traditional Procurement - Traditional centralized procurement faces multiple challenges, including information asymmetry between suppliers and buyers, leading to inefficiencies where 70% of procurement personnel's time is wasted on information collection rather than value decision-making [3][4] - The procurement process often involves an average of 8 departments and over 15 approval nodes, resulting in an average procurement time of 28 days, with 80% of that time spent on inter-departmental coordination [3][4] - Companies lack real-time market monitoring and risk warning mechanisms, leading to significant financial losses, such as a chemical company losing over 2 million yuan due to unrecognized price fluctuations [3][4] Group 2: Evolution of Smart Procurement Platforms - Smart procurement platforms differ fundamentally from traditional electronic procurement, evolving through three clear stages: from basic electronic processes to AI-driven recommendations and dynamic optimization [4][5] - Legendshop's smart procurement solution integrates data, models, and actions, utilizing AI to create a closed-loop system that enhances procurement efficiency across all stages [4][5] Group 3: Case Studies and Impact - The implementation of Legendshop's platform has led to significant improvements, such as a 25% reduction in procurement cycle time and an 8.3% decrease in overall costs for a central enterprise [5][6] - A manufacturing company experienced a 70% increase in procurement matching efficiency, reducing procurement time from 15 days to 3 days [6] - The platform's AI price analysis system has enabled a steel company to save over 100 million yuan annually by accurately identifying procurement windows during price fluctuations [6] Group 4: Technological Innovations and Features - The platform employs RPA and blockchain technology for comprehensive procurement management, achieving a 90% automation rate in contract generation and a 60% reduction in legal dispute rates [5][6] - Real-time data visualization and predictive modeling capabilities allow companies to monitor procurement dynamics and simulate decision-making scenarios, significantly enhancing responsiveness [6][9] - The integration of industrial internet capabilities enables automatic replenishment driven by sensor data, improving inventory turnover rates by 40% [9] Group 5: Future Trends and Developments - The article emphasizes that the ultimate competition in supply chains is fundamentally a competition of data, with smart procurement platforms poised to redefine traditional procurement models [8][9] - The emergence of green supply chain initiatives and ESG data automation reflects a growing trend towards sustainability and compliance in procurement practices [9]

Group 1 - The event "Cybersecurity Empowering Thousands of Enterprises" focused on addressing pain points in network and data security within the industrial internet sector [1] - Companies such as Qin Chuan IoT, China Electronics Ninth Design Institute, and Xingyun Zhili participated alongside security service providers like Unicom (Sichuan) and Sichuan Aocheng Technology to enhance communication through policy interpretation and case sharing [1] - The invited security firms discussed key areas including industrial control system protection, industrial cloud platform security, critical data leakage prevention, ransomware response, and supply chain security, providing practical references for enterprises [1] Group 2 - The interactive session allowed representatives from industrial internet platforms and application service providers to address security needs directly, facilitating in-depth discussions to uncover cooperation potential [2] - The Chengdu Economic and Information Bureau plans to continue the "Cybersecurity Empowering Thousands of Enterprises" series, focusing on enhancing corporate security awareness and providing tailored products and services based on local cybersecurity industry strengths [2] - The initiative aims to support high-quality development in Chengdu through high-level security guarantees by accurately identifying enterprises' genuine needs and pain points [2]

在日前举办的2025中国（大连）国际服装纺织品博览会上，一系列由前沿技术赋能的创新成果，化身提 升百姓穿衣体验的贴心助手。 在中国联通展台，最吸睛的展品，当数由中国联通（大连）工业互联网研究院打造的"AI量体智能试衣 间"。体验者只需站在该试衣间的试衣镜前，360度转台配合AI视觉与光学三维建模，短短10秒即可生成 毫米级精度的人体3D模型。该设备不仅能精准测量200多项体型数据，更能智能识别头前引、圆肩、骨 盆移位、特殊腿型等体态特征。 "传统人工量体误差大、效率低，而AI量体将数据精度控制在毫米级。有了它，消费者在定制衣服时， 再也不用担心尺寸不合适了。无论是想要一件合身的西装，还是一条舒适的裤子，AI量体都能提供科 学的数据支撑，让个性化定制变得简单又高效。"中国联通（大连）工业互联网研究院服装行业总监孙 长昱向科技日报记者介绍。 该展台一旁的"5G+AI未来工厂沙盘"，生动描绘了科技如何让高品质服装更快到达消费者手中。从原料 入库到智能转运再到自动化生产，5G网络和智能算法是核心驱动力。沙盘所代表的智算云平台，能实 现小订单的柔性化生产。这不仅提升了工厂响应速度，而且能满足消费者日益增长的个性化需求。 ...

Core Insights - The integration of digital twin technology and industrial internet is revolutionizing factory operations and maintenance, shifting from passive response to proactive prevention, significantly enhancing operational efficiency and equipment reliability [1] Group 1: Real-time Monitoring and Predictive Maintenance - Real-time perception of equipment status is fundamental to intelligent maintenance, with sensors deployed on factory equipment continuously collecting operational parameters and transmitting them to digital twin systems [1] - Predictive maintenance is the core value of intelligent operations, with digital twin systems utilizing operational data and machine learning to accurately predict equipment failure times and locations [2] - A chemical plant's digital twin model improved fault detection rates to over 95% by enabling early identification of potential issues, thus preventing unplanned downtime [1] Group 2: Remote Operations and Collaborative Diagnosis - Remote operations and collaborative diagnosis eliminate spatial limitations, allowing experts to participate in maintenance diagnostics without being on-site [4] - A remote expert resolved a welding quality issue in a car manufacturing plant within 2 hours, a task that would typically take 1 day, by analyzing real-time data through the digital twin system [4] - This remote collaboration accelerates fault resolution and optimizes the sharing of technical resources across geographically dispersed factory clusters [4] Group 3: Spare Parts Management and Inventory Optimization - Spare parts management is enhanced through digital twin support, allowing for dynamic inventory management based on equipment failure patterns and maintenance history [4] - A mechanical processing plant's digital twin platform improved key spare parts inventory turnover by 40%, ensuring maintenance needs are met while reducing capital tied up in inventory [4] - The system also verifies spare parts compatibility before purchase, minimizing waste due to mismatched components [4] Group 4: Digital Reconstruction of Maintenance Processes - The digital reconstruction of maintenance processes through digital twin systems enhances overall efficiency by linking maintenance work orders, repair procedures, and equipment records to virtual models [5] - An electronic manufacturing plant achieved a 90% standardization rate in maintenance tasks, significantly reducing the processing time for maintenance work orders by 40% [5] - The accumulated maintenance data continuously optimizes the digital twin model's analytical capabilities, fostering a virtuous cycle of improved maintenance proficiency [5]

Investment Rating - The report maintains an "Outperform" rating with a target price of RMB 31.66 [3][7]. Core Views - The company is expected to achieve strong revenue growth, with projected revenues of RMB 2.21 billion in 2025, representing a 31.6% increase from 2024 [2][3]. - The net profit attributable to shareholders is projected to reach RMB 304 million in 2025, a 20.7% increase from 2024 [2][3]. - The company has established a robust technical ecosystem through multiple national certifications and a full-chain R&D system, enhancing its credibility in the industrial intelligence sector [8][9]. Financial Summary - Total revenue for 2023 is reported at RMB 1.41 billion, with a year-on-year growth of 21.9% [2]. - The net profit for 2023 is RMB 161 million, showing a significant increase of 137.1% compared to the previous year [2]. - The projected EPS for 2025 is RMB 1.27, with a PE ratio of 25x assigned for valuation [3][7]. Revenue Breakdown - The industrial automation segment is expected to generate RMB 1.84 billion in revenue for 2025, with a growth rate of 30% [5]. - The industrial internet segment is projected to see a revenue increase to RMB 255 million in 2025, reflecting a 25% growth [5]. - The industrial robotics segment is anticipated to double its revenue to RMB 99 million in 2025, with a growth rate of 100% [5]. Market Strategy - The company focuses on platform products and channel penetration to efficiently convert its technological advantages into market presence [9]. - It has developed an IT/OT integrated platform that provides lifecycle services through industrial cloud and big data technologies [9]. - The nationwide marketing network consists of 17 divisions, enhancing customer loyalty and market share [9].

Core Insights - The national economy showed a robust growth with a 6.4% year-on-year increase in industrial added value in the first half of the year, driven by demand-side collaboration, continuous empowerment of new productive forces, and the release of policy dividends [1][2] Group 1: Economic Performance - The industrial added value of the equipment manufacturing sector grew by 10.2%, while high-tech manufacturing saw a 9.5% increase [1] - The growth in industrial output reflects a stable and positive development trend amidst a complex global economic environment [1] Group 2: Driving Factors - Demand-side factors include effective consumption upgrade policies, strong performance in the export of machinery and electrical products, and infrastructure investment driven by "two heavy and one new" initiatives [1] - The core industries of the digital economy now account for approximately 10% of GDP, with technologies like artificial intelligence and industrial internet significantly enhancing production efficiency in traditional industries [1] Group 3: Innovations and Trends - Notable increases in production for 3D printing equipment (43.1%), new energy vehicles (36.2%), and industrial robots (35.6%) indicate a shift towards high-quality, personalized manufacturing [2] - Continuous innovation investment is fostering deeper integration of technological and industrial innovation, reshaping the manufacturing ecosystem [2]

Fundraising Overview - The company raised a total of RMB 417,999,977.28 through a non-public stock issuance, with a net amount of RMB 404,190,783.17 after deducting issuance costs [1] - The funds have been stored in a dedicated account, and a tripartite supervision agreement has been signed with the sponsor and the bank [1] Project Adjustment Details - The company plans to adjust the "Changchun Fresh Beer City Brewery Project" in terms of location, content, investment scale, and internal investment structure [3] - The project will change from a rental factory to a self-built factory, with an increased annual production capacity from 0.5 million tons to 1 million tons [3][4] - The total investment for the project will increase from RMB 7,851.28 million to RMB 15,577.90 million, while the amount of fundraising remains at RMB 5,004.47 million [3] Market and Company Development - The project aims to meet the growing market demand for craft beer in Changchun, which is expected to benefit from economic growth and increased consumer spending [5][6] - The company has established itself as a leading provider of brewing equipment and aims to enhance the quality of domestic beer production [6][7] - The craft beer market in China is projected to grow significantly, with a compound annual growth rate of 17% expected until 2025 [8] Approval and Compliance - The project has received the necessary approvals and has completed the required registration work for the new implementation site [8] - The adjustments have been reviewed and approved by the company's board of directors and supervisory board, ensuring compliance with relevant regulations [9][10]

Summary of Conference Call Notes Company Overview - The conference call focuses on Shanghai Baoxin Software Co., Ltd, a publicly listed software enterprise controlled by Baosteel Group, specializing in digital solutions for the steel and advanced materials industries [1] - The company has over 40 years of experience and aims to be a leader in industrial intelligence and smart manufacturing [1] Core Business Segments Information Technology Business - The IT business focuses on digital upgrades in manufacturing, providing comprehensive solutions for industries such as steel, non-ferrous metals, chemicals, and mining [3] - Utilizes the Baolian platform to integrate process control and digital intelligence, offering new-generation industrial software products [3] Automation Business - The automation segment emphasizes industrial automation, providing smart factory solutions through a fully domestic product system [4] - Integrates new technologies like industrial internet, AI, and edge computing to create a digital monitoring system for factories [4][5] Robotics Business - The robotics segment develops a complete product matrix for industrial robots, covering various applications in sectors like 3C, new energy, and metal processing [5] - Focuses on creating embedded applications for manufacturing processes and offers comprehensive solutions for the automotive industry [6] Smart Transportation Business - The smart transportation segment provides solutions for urban rail transit, integrating big data and AI for enhanced operational efficiency [6] - The company has received recognition for its innovative smart station technology, which has been implemented in multiple cities [7] Computing Power Center - The Baozhi Cloud brand represents the company's computing power center, offering comprehensive lifecycle management and infrastructure solutions [8] - Recently won a significant contract for an IDC project, reinforcing its market position in North China [8] Financial Performance - For 2024, the company reported total revenue of 13.644 billion yuan, with an average annual growth rate of approximately 16.12% from 2017 to 2024 [9] - The net profit for the year was 2.265 billion yuan, reflecting an 11% decrease compared to the previous year, attributed to macroeconomic conditions and industry impacts [9] - The weighted average return on equity for 2024 was 20.67%, showing slight decline from the previous year [9] Strategic Goals - The company aims to enhance its value through engineering excellence, product scalability, and platformization, focusing on high-quality development and becoming a leading industrial internet technology company [10]

Core Viewpoint - The Ministry of Industry and Information Technology has released the "2025 Work Points for the Integration of Informatization and Industrialization," emphasizing the integration of new information technologies as a strategic task for promoting new industrialization [1][2] Group 1: Key Tasks - The document outlines five key tasks: improving the integration development system, solidifying the foundation for integration development, enhancing the application of information technology, perfecting the integration standard system, and cultivating a collaborative development ecosystem [1][2] Group 2: Improving Integration Development System - It proposes to establish a policy system for integration development, promote high-quality development of the industrial internet, and clarify quantifiable development goals for integration [1] - The document emphasizes the need for monitoring, analysis, and performance evaluation mechanisms to track the integration level of industries [1] Group 3: Solidifying Foundation for Integration Development - It calls for deepening the application of computing power in industry and encourages the development of industrial intelligent systems [1] - The document supports pilot projects for intelligent systems and aims to enhance the overall intelligence level of industrial processes [1] Group 4: Enhancing Information Technology Application - The document stresses the importance of digital transformation in key industries and the development of typical experience practices [2] - It highlights the need for guidelines on artificial intelligence applications in manufacturing and promotes deep integration of AI technologies in the industrial sector [2] Group 5: Perfecting Integration Standard System - It aims to promote the coordination of integration standards, deepen international standardization efforts, and enhance the application of mature standards [2] - The document seeks to iteratively optimize the integration standard system to steadily improve the digital capabilities of enterprises [2] Group 6: Cultivating Collaborative Development Ecosystem - It emphasizes the establishment of service platforms for integration development, increased financial support, and the cultivation of technical talent [2] - The document encourages high-level exchange activities to accelerate the integration of informatization and industrialization [2]

Core Viewpoint - Zhejiang Zhaolong Interconnect Technology Co., Ltd. plans to issue shares to specific investors to raise funds for various projects, including the construction of a production base in Thailand and the development of intelligent manufacturing for high-speed cables and connection products [1][2]. Group 1: Issuance Details - The company aims to raise a total of approximately 121,309.95 million yuan, with 119,500.00 million yuan allocated for specific projects after deducting issuance costs [2]. - The final issuance price will be determined by the board of directors based on the results of a bidding process and in accordance with relevant regulations after approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission [1][2]. - The maximum number of shares to be issued will not exceed 30% of the total share capital before the issuance, amounting to 77,868,520 shares [1]. Group 2: Use of Proceeds - The raised funds will be used for the "Thailand Production Base Construction Project," "Intelligent Manufacturing Project for High-Speed Cables and Connection Products," and to supplement working capital [6][7]. - If the actual net amount raised is less than planned, the board will adjust the allocation based on the urgency and importance of the projects [2]. Group 3: Risks and Challenges - The company faces risks related to overseas sales, as its products are sold in over 100 countries, with significant revenue coming from international markets [3][4]. - Fluctuations in the prices of key raw materials, particularly copper, which constitutes a large portion of the company's costs, could impact profitability [4]. - The company is also exposed to foreign exchange risks due to its significant sales in foreign currencies, primarily USD [5]. Group 4: Corporate Structure and Shareholding - As of March 31, 2025, the total share capital of the company is 259,561,736 shares, with 18.25% being restricted shares and 81.75% being freely tradable [13]. - The controlling shareholder is Zhaolong Holdings, which directly holds a significant portion of the company's shares [13].