本报讯 （记者贺王娟）8月19日晚间，北京恒华伟业科技股份有限公司（以下简称"恒华科技"）发布2025年半年度报告， 报告显示，2025年上半年公司实现营业收入3.73亿元，同比增长78.31%；归属于上市公司股东的净利润606.24万元，同比下滑 3.98%；归属于上市公司股东的扣除非经常性损益的净利润59.94万元，同比下滑82.44%。 恒华科技公告称，上半年营收大幅增长主要系报告期承接的大型系统集成项目竣工验收，确认收入金额增加所致，收入大 增的同时也导致相对应的成本随之增加。 从毛利率来看，2025年上半年公司毛利率为22.34%，同比下降2.37个百分点。 此外，从2025年半年报来看，截至报告期末，公司应收账款达10.02亿元，占总资产比例为40.97%；存货达5.8亿元，占总 资产比达23.77%，同比增长11.51%。 恒华科技是一家以BIM（建筑信息模型）平台及软件研发为核心的软件企业，其产品主要面向电力、交通、水利等基础设 施领域用户，通过提供BIM软件产品、智能设计咨询、行业数字孪生应用及能源大数据分析与增值服务等获得收入和利润。 此前恒华科技在被问及2024年业绩亏损的原因及对未来业 ...

软件方面，上半年，常山北明充分利用多年累积的行业经验和技术优势，积极做好客户服务，主动对接 市场，持续深化与华为、海康威视（002415）、海光等行业巨头的战略合作，奋力开拓金融、政府、央 国企等行业的信创业务，扎实推进数字政府、数字经济等项目的落地实施。具体来看：智慧城市领域， 公司凭借数字产业化和产业数字化"双轮驱动"的战略指引以及多年软件行业积累和技术沉淀，在广东、 河北、湖南、四川、上海等地承接了可复制、可推广的智慧城市标杆项目；金融科技领域，常山北明持 续为金融机构提供从架构咨询、系统集成、软件研发、项目实施、运营服务等综合型专业化服务，帮助 金融机构应对前沿数字技术创新、合规监管要求、金融信息安全、云原生技术应用、新一代数据中心建 设等挑战；企业数字化转型领域，公司凭借丰富的行业应用场景和海量数据（603138）资源，专注于智 慧园区、智慧热网、智慧医保、智慧教育及国网数字化等领域，推动数字技术与实体经济的深度融合， 助力传统产业向智慧化和绿色化转型升级，推进企业从单点改造向全链条数字化跃升。 新能源方面，截至2025年6月底，常山北明已建成分布式光伏发电项目9个，装机总量13.5MW，应用在 高 ...

Group 1 - A coalition named "Xinchuang Win-Win Ecological Alliance" has been established by several companies including Chengmai Technology, Dameng Data, and others to promote collaborative innovation and the prosperity of the Xinchuang ecosystem [1] - The Xinchuang products and Hongzhi operating system series were showcased for the first time at the Chengmai Xinchuang Ecological Conference, targeting sectors such as government, enterprises, education, and healthcare [1] - Chengmai Technology signed cooperation agreements with 22 universities to build a talent cultivation system that integrates production, education, research, and application [3] Group 2 - Chengmai Technology also entered into strategic partnerships with 20 companies to provide comprehensive services from product adaptation to solution delivery for regional government and enterprise clients [3] - The current Xinchuang industry is transitioning from a phase characterized by "few, slow, poor, and expensive" to one defined by "many, fast, good, and economical" [3] - Chengmai Technology aims to create a matrix of user-friendly Xinchuang products and eliminate barriers for users, collaborating with partners to achieve mutual benefits [3]

Group 1 - The stock price of Chanzhan Optoelectronics closed at 35.99 yuan on August 18, 2025, down 1.13% from the previous trading day [1] - The stock opened at 36.39 yuan, reached a high of 37.00 yuan, and a low of 34.88 yuan, with an intraday volatility of 5.82% [1] - The trading volume was 148,000 hands, with a total transaction amount of 532 million yuan [1] Group 2 - Chanzhan Optoelectronics specializes in the research, production, and sales of optoelectronic display products, primarily used in consumer electronics, automotive displays, and industrial control [1] - The company operates within the optical optoelectronics sector and is also involved in emerging fields such as trusted computing and vehicle networking [1] Group 3 - On August 18, the net outflow of main funds for Chanzhan Optoelectronics was 52.03 million yuan, with a cumulative net outflow of 4.0448 million yuan over the past five trading days [1] - The turnover rate for the day was 8.69%, indicating active market trading [1]

Summary of Conference Call Notes Company and Industry Overview - The conference call primarily discusses **博汇电子 (Bohui Electronics)** and its advancements in the **digital application** and **high-end electronic equipment** sectors, particularly focusing on AI technology and digital transformation initiatives [2][4][8]. Key Points and Arguments 1. **AI Engineering and Digital Platforms**: - The company is developing an intelligent system comprising three platforms: **智一计算平台 (Zhi Yi Computing Platform)**, **智艺智书平台 (Zhi Yi Smart Book Platform)**, and **智艺元系平台 (Zhi Yi Meta System)**, expected to generate revenue by the first half of 2025 [2][4]. 2. **Order Growth**: - In the first half of 2025, the company secured new orders worth **4.2 billion yuan**, marking a **57% year-on-year increase**, driven by a recovery in the traditional electrical equipment industry and accelerated project deliveries, particularly in the semiconductor manufacturing sector [2][9]. 3. **Specialized Electronic Equipment**: - The company has completed several projects in specialized electronic equipment, including embedded computing for new aircraft, ships, and submarines, and has won a bid for a large database customization project, indicating potential for more orders [2][10]. 4. **Semiconductor Manufacturing Expansion**: - Focused on high-end equipment control modules, the company has expanded into motion control applications, resulting in significant contract order growth in the semiconductor manufacturing sector [2][11]. 5. **AI Product Development**: - The company is optimistic about AI products, including intelligent systems and edge computing products, which are expected to see high growth rates. AI solutions are anticipated to improve gross margins compared to traditional business lines [5][17][20]. 6. **Data Governance Tools**: - Emphasis on data governance tools such as data engines, IoT platforms, and digital twin engines, which are being widely applied across various industry projects [6][7]. 7. **Industry Collaboration**: - The company collaborates with major partners like **华为 (Huawei)** and **海光 (Haiguang)** to develop generative AI integrated machines and participates in national and provincial industrial collaboration projects [5][6][7]. 8. **Market Outlook**: - The company maintains a positive outlook for the second half of 2025, particularly in sectors like finance, manufacturing, and transportation, driven by investments in AI technology and digital transformation [14][15]. 9. **International Market Performance**: - The overseas market, particularly in Hong Kong, experienced a **20% decline** in the first half of the year due to project delays, but the company remains optimistic about future performance [21][22]. 10. **Future Orders and Market Expansion**: - In the semiconductor and commercial aerospace sectors, the company expects to exceed last year's total order volume, with significant progress in low-altitude economy and rail transit sectors [23]. Additional Important Insights - The company has completed a full transition to domestic product design and manufacturing since 2018, which has led to high initial costs but is expected to reduce operational costs as production scales up [13]. - The integration of AI capabilities into traditional business models is seen as a key driver for future growth, with a focus on enhancing customer solutions and operational efficiency [20]. This summary encapsulates the critical insights from the conference call, highlighting the company's strategic direction, market performance, and future growth potential in the digital and electronic sectors.

消费电子行业发展前景较为乐观，以下是具体分析： 近年来，中国消费电子行业规模持续扩大，2024 年中国消费电子市场规模已从 2018 年的 16587 亿元增长至 19772 亿元。2024 年国内市场手机出货量 3.14 亿部，同比增长 8.7%，全球折叠屏手机出货量近六成来自中国厂商。 政策支持力度加大 国家实施手机、平板等数码产品购新补贴政策，如 2025 年春节期间，全国手机销售收入同比大幅增长约 182%，数码产品销售量突破 450 万台，销售额 占消费品以旧换新总销售额的 45%。政策的支持有效促进了市场的消费升级和内需释放，推动消费电子市场向高端化、智能化和绿色化加速转型。 技术创新驱动发展 5G、人工智能、物联网等技术的不断成熟和应用，推动消费电子产品的智能化水平不断提升。从折叠屏 "赛道" 走俏到 AI 手机频频上新，从可穿戴设备 跻身世界前列到智能扫地机器人加速推广，消费电子企业紧跟技术前沿，加快新产品探索落地。2024 年下半年以来，AI 终端落地进程提速，各主要手 机、计算机品牌发布新品均搭载 AI 大模型技术，未来，AI 技术还有望在人形机器人、智能家居等领域形成更多应用落地。 消费 ...

Investment Rating - The report maintains a "Buy" rating for Haiguang Information, indicating a strong expectation for performance relative to the market [6]. Core Views - Haiguang Information reported a revenue of 5.464 billion yuan for H1 2025, reflecting a year-on-year growth of 45.2%. The net profit attributable to shareholders was 1.201 billion yuan, up 40.8% year-on-year [6]. - The company is expected to benefit from strong demand for its CPU products in sectors such as telecommunications and finance, with a focus on enhancing quality and efficiency [6]. - The report anticipates continued growth in revenue and net profit for 2025-2027, with projected revenues of 13.582 billion yuan, 17.530 billion yuan, and 21.403 billion yuan respectively, and net profits of 2.942 billion yuan, 3.948 billion yuan, and 4.654 billion yuan [6]. Financial Data and Profit Forecast - Total revenue for 2024 is projected at 9.162 billion yuan, with a year-on-year growth rate of 52.4%. For H1 2025, revenue is expected to reach 13.582 billion yuan, with a growth rate of 48.2% [5]. - The gross profit margin for H1 2025 is reported at 60.1%, with a slight decrease from the previous year due to a higher proportion of lower-margin products [6]. - Research and development expenses for H1 2025 amounted to 1.71 billion yuan, representing a 24.7% increase year-on-year, indicating a strong commitment to innovation [6].

三、以信创树立标杆，彰显国有企业时代担当 展望未来，公司将以更高的政治站位，坚决贯彻落实党中央、国务院关于国有企业数字化转型的决策部 署，持续深化协同效应，力争实现"1+1>2"的倍增效果： 信创改造工作绝非简单的技术升级，其核心要义在于实现关键核心技术的自主可控，有效规避外部技术 风险，切实保障国家科技安全与产业链供应链安全，赋能经济高质量发展。中金岭南期货高度重视信创 改造工作，将该项工作列为"一把手工程"，管理层以高度的政治责任感和前瞻性的战略眼光，强力推动 技术革新，于2024年成立由党总支书记亲自挂帅的"信创攻坚专班"，让党旗在项目攻坚一线高高飘扬， 将战斗堡垒构筑于关键数据链之上，确保党的二十大精神深度融入系统研发与切换的每一环节，使"红 色基因"牢固注入数字化底座，为信创改造工作的顺利推进提供了坚强的政治保证与组织保障。 二、以信创驱动发展，提升服务实体经济质效 从"可用"迈向"好用"：通过对业务流程的全面梳理与优化再造，客户开户、资料变更等高频服务事项实 现"一站式"高效办结。客户服务响应速度与处理效能显著提升，切实做到"数据多跑路，客户少跑腿"， 实现客户体验满意度与业务办理效率的双提升。 ...

格隆汇8月18日丨艾华集团(603989.SH)在投资者互动平台表示，公司产品已大量应用于信创相关产业。 二级市场股价受多种因素影响，包括市场情绪、宏观经济环境、行业发展趋势等，敬请投资者注意投资 风险。 ...

同时，在超长期特别国债的资金支持以及国产替代的刺激下，国内的信创建设进入新一轮加速期。光大 证券预测，其市场规模将在2025年突破2万亿元。在此背景下，雷神科技通过"双百计划"构建开放生态 体系，进一步提升信创市场占有率，报告期内成功入围中粮集团、中国石油天然气集团、国家能源电子 商务中心采购等项目，在国央企、能源、物流、金融、电信等关键领域实现多维突破。目前，雷神科技 信创已累计覆盖超300个用户场景，成为中国信创产业的重要力量。 坚持AI+赋能、全球化布局，毛利率全面攀升 8月15日，北交所上市公司雷神科技发布2025年半年度业绩报告。数据显示，报告期内，雷神科技实现 营业收入13.88亿元，同比增长13.19%，创历史同期新高；归属于上市公司股东的净利润1433.53万元， 同比激增69.31%，刷新上市以来同比增幅记录。 整体而言，尽管汇兑损失推高财务费用，对公司净利润形成较大压力，但雷神科技依旧实现营利双增， 多项指标达同期峰值，增速行业领跑。这一成绩的取得，印证了在"电竞+信创"双轮驱动战略下，公司 已锻造出强大的抗周期能力与稳固的经营底盘，开启广阔向上空间。 卡位"电竞+信创"双赛道，境内营收创 ...