证券日报网讯太极股份（002368）8月6日在互动平台回答投资者提问时表示，公司近年来紧抓信创、数 据要素、人工智能等行业发展机遇，围绕可信、数据、智能牵引公司业务创新，推进公司一体两翼发展 战略落地，实现公司业务从行业解决方案向产品化、平台服务化方向转型，目前相关工作在有序进行 中。更多信息请关注公司定期报告的相关内容。 ...

Core Points - The first foundational regulation in the data sector, the "Hubei Data Regulation," will take effect on October 1, 2025, aiming to support the development of data annotation industries in cities like Wuhan and Yichang to facilitate AI innovation [1][2] - Hubei aims to compile a unified data directory and achieve a total data aggregation of over 100 billion records by the end of 2025 [1] - The province plans to enhance data interconnectivity across different levels, systems, and departments to eliminate "data silos" and improve data sharing mechanisms [1] - Hubei will promote public data sharing and authorized operations, with pilot projects in cities like Wuhan, Xiangyang, and Yichang [1][2] - The province will support the creation of a data trading service system and financial products like "data easy loans" to provide financial services to data chain enterprises [1][2] Data Market Development - The establishment of data exchanges will focus on nurturing a data industry ecosystem, enhancing local data merchants' competitiveness, and transitioning from a "trading venue" to an "industry circle" [2] - The province will advance the construction of a national data element comprehensive pilot zone and explore the implementation of data property registration systems [2] - Encouragement for data rights registration will be provided, promoting the use of registration certificates as legal proof for data asset accounting, trading, and financing activities [2] Economic Impact - The Hubei Data Regulation emphasizes the importance of data in empowering the real economy and promoting the digital transformation of traditional industries [2] - Currently, 6,490 industrial enterprises in Hubei have initiated digital transformation, representing nearly one-third of the province's industrial enterprises, with over 90% achieving Level 2 digitalization [2] - As of June, the CNC rate for key processes in Hubei's industrial enterprises reached 69.7%, ranking 7th nationally, while the adoption rate of digital R&D design tools was 90.7%, ranking 6th [2] - Hubei has achieved full coverage of provincial-level pilot cities for the digital transformation of small and medium-sized enterprises [2]

Core Viewpoint - The company, Yingfang Software, is actively involved in data replication and protection software, with a focus on compatibility with various platforms and contributing to the digital economy and data security initiatives in China [2][3]. Company Overview - Yingfang Software, established on August 12, 2011, is located in Shanghai and was listed on January 19, 2023. The company specializes in providing data replication software, integrated hardware-software solutions, and related services [7]. - The revenue composition of the company includes 60.51% from software products, 20.29% from integrated hardware-software products, 15.67% from software-related services, and 1.86% from other sources [7]. Product and Market Position - The company is recognized as one of the top three suppliers in the domestic data replication and protection software market. Its products are widely used in financial institutions, government agencies, healthcare, and telecommunications, contributing to data security and business continuity [3][2]. - Yingfang Software has developed compatibility with Huawei's Kunpeng chips, servers, and cloud platforms, and is actively participating in the openEuler community to promote domestic software innovation [2][3]. Financial Performance - As of the first quarter of 2025, Yingfang Software reported a revenue of 32.81 million yuan, a year-on-year decrease of 4.72%, and a net profit attributable to the parent company of -12.28 million yuan, a decrease of 0.84% [8]. Industry Recognition - The company has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise by the Ministry of Industry and Information Technology, highlighting its strong innovation capabilities and market share in niche markets [3]. Stock Performance - On August 6, the stock price of Yingfang Software increased by 1.28%, with a trading volume of 71.48 million yuan and a total market capitalization of 3.035 billion yuan [1].

证券日报网讯芒果超媒（300413）8月5日在互动平台回答投资者提问时表示，公司致力于构建以芒果 TV为核心的头部数智传播平台，高度重视数据资源、数据要素的开发和应用，例如，"芒果TV音视频 大模型高质量数据集"项目已晋级2025年"数据要素×"大赛湖南分赛，为平台提供了坚实的数据基础。基 于这一核心优势，公司正孵化AIGC内容生产平台、影视翻译平台等技术产品，形成从数据要素到应用 场景的完整技术生态。 ...

Group 1 - The overall economic performance of small and medium-sized enterprises (SMEs) in China is stable, with key economic indicators showing growth, including an 8.0% year-on-year increase in the added value of industrial SMEs [3] - Specialized and innovative SMEs, referred to as "little giants," have seen an 8.6% increase in added value, with over 80% of new A-share listed companies being specialized and innovative SMEs [3] - The R&D expenditure of specialized and innovative SMEs accounted for 5.3% of their operating income, surpassing the average level of 3.1% for all industrial enterprises [3] Group 2 - Artificial intelligence (AI) is viewed as a critical opportunity for SMEs to achieve high-quality development, with AI being a key driver for future industrial innovation [4] - The "AI+" initiative is essential for SMEs' transformation, aiming to expand the application scenarios of large models and enhance the new quality of production capacity [4][5] - SMEs face challenges in adopting AI, including issues of capability, willingness, and affordability, which need to be addressed to realize AI empowerment [4] Group 3 - Data elements are identified as the core engine for the digital transformation of SMEs, with recent guidelines allowing data in a trusted data space to be counted as intangible assets [5] - The combination of "AI + data elements" is proposed as a strategy for SMEs to fully utilize AI technologies across various fields and scenarios [5] Group 4 - Local governments are implementing targeted measures to support the development of SMEs, with Shanghai's SMEs contributing over 60% of the city's GDP and over 70% of technological innovations [6] - Shanghai is actively building a world-class AI industry cluster, with nearly 400 large-scale enterprises and an industry scale exceeding 450 billion [6] - Future plans include enhancing services for SMEs, encouraging innovation applications, and creating a favorable ecosystem for AI enterprises through various funding mechanisms [7]

Core Viewpoint - The company, Yingfang Software, is experiencing a decline in stock performance and has a significant focus on data replication and protection software, which is crucial for various industries, including finance and government [1][4][7]. Group 1: Company Performance - On August 5, Yingfang Software's stock fell by 1.83%, with a trading volume of 83.75 million yuan and a market capitalization of 2.997 billion yuan [1]. - The company reported a revenue of 32.81 million yuan for the period from January to March 2025, representing a year-on-year decrease of 4.72%, while the net profit attributable to the parent company was -12.28 million yuan, a decrease of 0.84% [8]. Group 2: Product and Market Position - Yingfang Software specializes in data replication technologies that are compatible with various domestic and international software brands, and it has achieved compatibility certifications with Huawei's Kunpeng chips and other platforms [2][3]. - The company's software products are primarily deployed in data servers, focusing on disaster recovery and data protection, making it one of the top three suppliers in the domestic data replication and protection software market [3][5]. Group 3: Industry Recognition and Strategy - Yingfang Software has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, which signifies its strong market position and innovation capabilities [5]. - The company is actively participating in the development of the domestic software ecosystem by supporting the Huawei Euler operating system and engaging with the openEuler community [2][3].

Summary of Conference Call Records Company and Industry Overview - **Company**: 久远银海 (Jiuyuan Yinhai) - **Industry**: Healthcare Information Technology Key Points and Arguments 1. **Order Growth in Healthcare Sector**: In the first half of 2025, Jiuyuan Yinhai's new orders in the healthcare sector grew nearly 50% compared to the same period in 2024, indicating enhanced competitiveness and increased market investment in healthcare information technology [1][2] 2. **National Healthcare Strong Foundation Project**: The project initiated by the government involves a central financial investment of 8.8 billion yuan, expected to leverage over 20 billion yuan in local investments, focusing on information technology construction, equipment configuration, and county-level medical center development [1][5] 3. **Upgrade of Grassroots Medical Information Systems**: There is a pressing need to build a unified information system centered on county-level medical information platforms to achieve data interconnectivity, which will drive explosive growth in telemedicine, imaging diagnostics, and AI applications [1][12] 4. **Investment in R&D and Innovation**: Jiuyuan Yinhai is increasing its R&D investments, particularly in AI and data innovation applications, to enhance competitiveness and deepen its core business [3][18] 5. **Government Support for Basic Public Health Services**: The government is increasing funding for basic public health services, with a per capita increase to 99 yuan, focusing on elderly and chronic disease patients [10][12] 6. **Market Opportunities from Strong Foundation Project**: The project is reshaping the grassroots healthcare service ecosystem, creating opportunities for companies involved in resource sharing centers, information technology, and medical equipment [12][13] 7. **Long-term Investment Expectations**: While specific future investment amounts are not detailed, it is anticipated that information technology will constitute a significant portion (30%-50%) of the overall investment in the healthcare strong foundation project [13][14] 8. **Jiuyuan Yinhai's Competitive Advantage**: The company has developed a comprehensive product offering for government, medical institutions, and patients, including systems for grassroots medical information, public health, and chronic disease management [14][16] 9. **AI Applications in Healthcare**: Jiuyuan Yinhai has established an AI team and is focusing on applications in government and healthcare, with a strong demand for AI services from users [18][20] 10. **Revenue from Data Elements**: The company has begun to realize revenue from data elements, particularly through self-built platforms and innovative applications, with expectations for significant growth in this area [23] Additional Important Content - **Challenges in Grassroots Medical Facilities**: The government aims to enhance the capabilities of grassroots medical facilities, including upgrading equipment and improving service quality [6][8] - **Collaboration with Operators**: Jiuyuan Yinhai is forming strategic partnerships with operators and large internet companies to enhance its competitive position in information technology services [22] - **Future Growth Projections**: The company anticipates continued rapid growth in the healthcare sector, driven by government reforms and increased local government investments [17][19]

Group 1 - The first approved data asset ABS "Huaxin-Xinxin-Data Asset Phase 1 Asset-Backed Special Plan" was officially issued at Shenzhen Stock Exchange, with an issuance scale of 133.7 million yuan and a priority ticket interest rate of 2.0% [1] - 89% of the cash flow for this ABS comes from data asset pledge loans, indicating strong reliance on data as a new asset class [1] - The project includes nine pool enterprises from Jiangsu, Zhejiang, Shaanxi, and Jiangxi provinces, featuring both listed companies and private specialized firms, showcasing a diverse and stable credit profile [1][2] Group 2 - The pool enterprises span various industries including construction, wholesale and retail, information transmission, software, and IT services, reflecting a broad sectoral coverage [2] - The data assets include vehicle travel data, agricultural production data, and hotel operation data, all of which have undergone comprehensive ownership confirmation and compliance with legal requirements [2] - In 2023, Jianye District is focusing on "data elements ×" to develop Nanjing Smart City, targeting sectors like data computing power, financial technology, and digital energy to enhance the data ecosystem [2] Group 3 - The Jiangsu Public Data Authorization Operation Platform was launched in Jianye in March, establishing a closed-loop ecosystem for development, incubation, and application [3] - The incubation center provides technical, computing, and policy support to reduce development costs and match scene requirements, promoting a virtuous cycle of "data-driven industrial upgrading" [3]

调研纪要：鼎通科技二季度生产订单饱和，营业收入和净利润同比大幅增长，通讯业务占总营收80%， 112G产品需求旺盛，224G和液冷产品将提高收入和利润。马来西亚子公司订单充足，上半年总收入 5158万元，二季度逐渐开始盈利。三季度客户需求旺盛，预计环比仍会有增长。液冷产品二季度小批量 出货，预计年底或2026年初开始量产。Overpass系列产品二季度需求增长较缓，预计三季度表现会更 好。汽车业务上半年增长不明显，预计下半年与比亚迪、长安汽车合作项目及宝马BMS将起量。BMS 项目已有两条自动化产线安装完成，预计年底或2026年初开始量产。112G通讯产品月需求超150万套， 预计三季度仍将有环比增长。224G通讯产品已开始批量试产，预计下半年大批量量产。公司通过购买 机器设备和增加组装线来扩充产能，为后续产品上量做准备。公司对未来业绩有信心，224G通讯产 品、液冷产品和BMS项目将贡献收入和利润。 机构简介： 调研纪要：全球AI技术快速发展推动海天瑞声计算机视觉、自然语言和智能语音三大业务板块全面增 长。计算机视觉和自然语言业务占比提升，得益于技术突破和市场需求增长。公司在数据要素领域通过 参与国家训练数 ...

Core Insights - The rapid development of global AI technology is driving comprehensive growth in the three business segments of Haitian Ruisheng: computer vision, natural language, and intelligent voice [1] - The increase in the proportion of computer vision and natural language businesses is attributed to technological breakthroughs and growing market demand [1] - The company is participating in the construction of national training data labeling bases, forming comprehensive solutions in the data element field [1] Business Collaboration and Growth Drivers - Strategic collaborations with Huawei involve projects such as the Ascend DeepSeek data flywheel intelligent body, Shaanxi Smart Cultural Tourism Project, Jingxi Zhigu Digital Human Platform, and dubbing platform projects [1] - Key drivers for revenue growth by 2025 include two major trends in the AI industry, innovative business layouts, and strategic partnerships with Huawei and Southeast Asia's data delivery system [1] Global Expansion Strategy - The company is advancing its globalization strategy by acquiring a delivery base in the Philippines and accelerating the construction of a global service network [1] - Data sources required for training specific vertical domain models include public data, proprietary customer data, and targeted data collection from vertical scenarios [1] Industry Trends and Core Competencies - The data labeling industry is expected to become more intelligent, with data security and compliance capabilities becoming core evaluation dimensions [1] - The company's core competitiveness lies in its dual-mode service products, technological platform capabilities, supply chain resource management, and data security and compliance capabilities [1] - The distinction between product data set business and customized service business is that the former involves simulated data, while the latter is pure processing service based on targeted needs [1]