电科网安（002268.SZ）10月10日在投资者互动平台表示，截至2025年半年度，数据安全业务占营业收 入的比重为3.62%。针对国内航空、建筑、电力等行业数据治理和数据安全防护需求，设计面向央企的 数据安全体系能力，推广央企数据安全统一防护解决方案，打造标杆项目，目前已服务于中国华电集 团、中国中铁等客户单位。 （记者 张明双） 每经AI快讯，有投资者在投资者互动平台提问：公司参与十余个数据安全国家、行业标准制定，且密 立方数据安全流通体系已为世纪华通提供服务。请问，数据安全业务当前的营收占比多少？在航空、铁 路等领域的重大项目落地进展如何，已实现的订单金额有多少？随着数据要素市场发展，预计该业务未 来3年的复合增长率能达到多少？ ...

Summary of Desheng Technology Conference Call Company Overview - Desheng Technology focuses on AI applications in various sectors including employment, healthcare, and government services, leveraging its self-developed AI models and platforms [2][4][28]. Key Industry Insights AI Applications - Desheng Technology has developed an AI foundation that supports multiple scenarios such as employment, healthcare, and government services, enhancing service delivery and operational efficiency [2][4][28]. - In healthcare, the company partnered with China UnionPay to create a seamless payment platform, which has been successfully implemented in Guangzhou [2][6][19]. - In the employment sector, Desheng Technology assists governments in building digital employment platforms, focusing on job matching and support for college graduates and flexible workers [2][4][6]. Data Element Market - The company is cautiously participating in the data element market, helping governments operate data exchanges while ensuring compliance with policies and data security [2][5][7][8]. - Desheng Technology has achieved a global certification for its data asset management system, allowing it to provide services across various industries [9]. Social Security Card Business - As the leading company in social security cards, Desheng Technology has issued over 500 million third-generation social security cards, with a potential for 800 million more [10]. - The company is focusing on building a service network for social security cards, collaborating with banks to enhance customer acquisition and service delivery [10][11]. Financial Performance and Strategy - The company is adjusting its strategy to address the decline in traditional business by establishing a grassroots service network and leveraging AI and big data technologies [11][12]. - Desheng Technology aims to achieve over 50% of its revenue from new business areas to offset declines in traditional sectors [22][24]. Management and Organizational Changes - Recent appointments of key management personnel with extensive experience in social security and AI are expected to drive innovation and operational improvements [23][26]. Future Directions - Desheng Technology plans to enhance its data service capabilities and expand into other industry sectors, aiming to create a comprehensive service ecosystem [30]. - The company is optimistic about achieving significant operational results by the end of 2025, particularly in the healthcare sector [19][20]. Additional Insights - The company emphasizes the importance of AI in optimizing internal management and external services, aiming to reduce operational costs and improve service efficiency [3][18]. - Desheng Technology is actively working on addressing social issues arising from the flexible employment market by collaborating with legal and training institutions to provide comprehensive services [17]. Conclusion - Desheng Technology is strategically positioned to leverage AI and data services across various sectors, with a strong focus on enhancing its operational capabilities and expanding its market presence. The company's proactive approach to management changes and market adaptation is expected to yield positive results in the coming years.

21世纪经济报道见习记者张旭 海口报道 海南自贸港封关运作在即，越来越多海内外企业紧抓机遇前往海南发展。9月24日，记者跟随"活力中国 调研行"海南主题采访活动，来到海口国家高新区和澄迈生态软件园，探访产业发展情况。 "乐城研用-海口生产"模式 生物医药产业是海南省战略新兴产业。 在技术创新和政策加持下，海口国家高新区生物医药产业集群竞争力不断增加，2024年产值完成214.1 亿元，占海口医药产值82.9%、占海南医药产值79.9%，并被认定为国家中小企业特色产业集群。 截至2025年9月，东湖高新海口生物城（生物医药创新公共服务平台）已注册在园企业155家，已签约落 地企业31家，其中世界500强背景1家、外资企业3家；上市背景企业2家；高新技术企业5家，干细胞等 相关企业4家；落地企业类型涉及数字医疗、生物制药、医用设备及耗材、第三方检测机构领域。 海南经济特区东湖高新投资有限公司总经理郑玉华向21世纪经济报道记者表示，海内外企业选择落户高 新区，离不开自贸港和园区给出的优惠政策。 "海口国家高新区为企业提供了研发奖励、生产补贴等一系列优惠政策，自贸港则提供了零关税和低税 率等政策。进口原辅料、自用生产 ...

Core Insights - The Hainan Ecological Software Park has transformed from generating approximately 1 billion yuan in annual revenue 15 years ago to over 200 billion yuan currently, driven by the Hainan Free Trade Port initiative set to fully operate by December 18, 2025 [2][3] - The park has become a core carrier of digital economy in Hainan, with over 15,000 companies, including major players like Tencent, Baidu, and Meituan, expected to achieve a revenue scale exceeding 200 billion yuan by 2024 [3] - The park aims for digital economy core industries to account for over 25% of total revenue by 2027, with targets of 200 high-tech enterprises, 30 specialized and innovative companies, and a talent pool of 30,000 [3][4] Policy and Support - In March 2025, Hainan Province issued opinions to support the reform and innovation of the Hainan Ecological Software Park, proposing policies such as preferential allocation of local government debt and support for establishing industrial investment funds [3] - The park is exploring data as a primary production factor, creating an integrated online and offline industrial operation platform, and implementing a "3+2+1" digital economy innovation project to foster new growth momentum for the Hainan Free Trade Port [4]

Core Insights - The data trading market in China is experiencing a significant increase in the number of data products launched, with a total of 477 products introduced in August, up by 162 from July [2] - Despite the increase in product offerings, key performance indicators have shown a decline, indicating structural issues within the market [2][5] - The "application potential" score has dropped sharply by 25.25% from July, reaching its lowest point in six months, highlighting a decrease in market interest and engagement [2][5] Market Performance - In August, the four core indicators of the data trading market saw varying degrees of decline, with "application potential" experiencing the most significant drop [2] - The "element density" score decreased from 4.25 to 4.04, while the "stability coefficient" slightly fell to 2.08 [2] - "Transparency" remains the weakest area, scoring only 1.50, which has been a long-term constraint on market development [2][4] Product Insights - The majority of high-scoring data products are concentrated in data sets and data interfaces, with 328 products in these categories, accounting for over 60% of the total [3] - "Data participation" scores remain high across institutions, while "data integration" scores have shown fluctuations, particularly declining in several exchanges [3] Governance and Compliance - The "stability coefficient" scores vary significantly among institutions, with Beijing and Shanghai leading in compliance [4] - The Zhengzhou Data Trading Center has the highest score in "data grading" but shows weaknesses in "data sources" and "usage constraints," indicating potential governance issues [4] - Overall, the market lacks effective regulations on key aspects such as data product limitations and cross-border circulation, necessitating a comprehensive data supervision framework [4] Application Potential - The decline in the "application potential" score is primarily driven by a significant drop in the "attention" metric, with several institutions reporting a halving of their scores [5] - The overall "reusability" scores have also decreased, reflecting insufficient motivation for optimizing data products [5] - The "update frequency" scores have remained stagnant for most institutions, indicating a lack of innovation and responsiveness in the data trading market [5]

Core Viewpoint - The State Council of China has approved a comprehensive reform pilot plan for market-oriented allocation of factors in ten regions, aiming to enhance the efficiency of resource allocation and promote a high-level socialist market economy [2][3]. Group 1: Pilot Regions and Implementation - The pilot regions include Beijing's urban sub-center, key cities in southern Jiangsu, Hangzhou-Ningbo-Wenzhou, Hefei metropolitan area, Fuzhou-Xiamen-Quanzhou, Zhengzhou, Changsha-Zhuzhou-Xiangtan, nine cities in the Guangdong-Hong Kong-Macao Greater Bay Area, Chongqing, and Chengdu [2][3]. - The implementation of the plan is expected to break down institutional barriers that hinder the free flow and efficient allocation of factors, ensuring equal legal protection for various ownership economies [2][3]. Group 2: Technology Factor Allocation - The plan emphasizes the need to streamline the technology transfer chain and promote the construction of an international technology innovation center in Beijing [6][7]. - It encourages the integration of technology and capital factors, supporting financial institutions to provide more financial products for technology transfer [7][8]. Group 3: Land Factor Allocation - The reform includes exploring land management system reforms and encouraging the use of long-term leases and flexible supply methods for industrial land [8][9]. - It aims to revitalize idle land and low-efficiency construction land through market-oriented methods, enhancing the efficiency of land use [9][10]. Group 4: Human Resource Flow - The plan seeks to facilitate the social mobility of labor and talent by broadening the recognition of foreign professional qualifications and supporting high-level talent recruitment [10][11]. - It aims to stimulate innovation and entrepreneurship among talents by allowing flexible compensation structures [10][11]. Group 5: Data Factor Circulation - The plan proposes to improve the public data sharing mechanism and expand the application scenarios for data development [11][12]. - It emphasizes the establishment of a data circulation and trading system, promoting the integration of public and social data [12][13]. Group 6: Capital Factor Support for the Real Economy - The plan aims to increase effective financial service supply while preventing risks, supporting the development of a digital inclusive finance database [13][14]. - It encourages higher levels of financial openness and cooperation, facilitating cross-border financial services [13][14]. Group 7: Resource and Environmental Market System - The plan includes constructing a green factor trading mechanism and exploring the realization of ecological product value [14][15]. - It aims to enhance the market-oriented allocation of resource factors while ensuring ecological protection [14][15]. Group 8: Overall Efficiency of Factor Allocation - The plan focuses on enhancing the collaborative allocation efficiency of various factors, particularly in emerging industries and services [15][16]. - It aims to create a fairer and more vibrant market environment by optimizing resource allocation efficiency and maximizing benefits [15][16].

当前，数据已经成为新一代生产要素，它不仅深刻改变着人们的生产生活方式，也对社会治理产生了非 常深远的影响。在数据要素市场体系设计中，数据集团被寄予厚望，一般意在承担整合、运营和开发全 省数据资源的重任，推动多个领域内的数据资源高效流动与共享，破除"数据孤岛"。 9月11日，在2025年服贸会上，北京数据集团正式亮相，标志着北京在构建国家数据基础设施、激活公 共数据资源价值、繁荣数据产业生态等方面迈出坚实步伐。 在当今时代，数字经济已成为全球经济发展的新引擎和新动能。随着信息技术的飞速发展，数据作为关 键生产要素，其价值日益凸显。9月11日，在2025年中国国际服务贸易交易会（以下简称"2025年服贸 会"）上，北京数据集团正式成立。北京数据集团为何组建？它又将如何"点数成金"？ 助推首都数据产业生态繁荣 在科方得智库研究负责人张新源看来，北京数据集团的成立，有助于整合北京全市数据资源，打破各部 门和行业间的数据壁垒，促进数据高效流通与共享，为数字经济发展提供坚实基础。其次，通过专业化 运营和开发，数据集团能够挖掘数据价值，推动人工智能、智慧城市、金融科技等创新应用落地，提升 城市治理和公共服务水平。 北京市委 ...

Group 1 - The number of Qualified Foreign Institutional Investors (QFII) in China has reached 900, with 40 new additions this year, indicating increased foreign investment interest in Chinese assets [1] - The China Securities Regulatory Commission (CSRC) plans to introduce more reforms to optimize the QFII system, aiming to enhance cross-border investment convenience and attract more foreign capital [1] - The establishment of nearly 500 digital technology companies by central enterprises and over 100 data groups nationwide reflects the accelerated development of China's data factor market [1] Group 2 - Ping An Asset Management has registered a new private fund management company with an initial fund size of 30 billion yuan, bringing the total number of insurance capital-backed private funds to seven, with a combined trial amount of 222 billion yuan [2] - These long-term funds are favoring investments in leading companies in the energy and infrastructure sectors, such as China Petroleum and China Shenhua [2] Group 3 - The merger and acquisition (M&A) activities in the capital market have increased significantly, with over 200 major asset restructuring cases disclosed since the introduction of the "M&A Six Guidelines" [3] - The restructuring is leading to performance improvements for listed companies and is injecting new vitality into the high-quality development of the capital market [3] Group 4 - The home appliance industry has shown resilience, with 101 A-share listed companies reporting a total revenue of 867.06 billion yuan and a net profit of 70.08 billion yuan in the first half of the year, reflecting year-on-year growth of 8.32% and 12.85% respectively [4] - This growth is attributed to consumer promotion policies and the proactive transformation efforts of home appliance companies [4] Group 5 - The domestic paper industry is experiencing a new round of price increases, with major paper manufacturers implementing both price hikes and production halts, indicating a bullish market outlook [5] - The "Golden September and Silver October" period is expected to drive further price increases due to active inventory preparations in the downstream market [5] Group 6 - The solid-state battery production equipment sector is witnessing a surge in orders, with total new and existing orders exceeding 30 billion yuan, reflecting a year-on-year increase of 70% to 80% [7] - The industry is expected to accelerate its industrialization process as several automakers plan to adopt solid-state batteries around 2027 [7] Group 7 - The IFA 2025 in Berlin is set to showcase advancements in consumer electronics, with Chinese brands like Haier and Midea highlighting their latest AI technologies and products [8] - The port economy is thriving, with increased cargo and container throughput driven by the recovery of foreign trade and shipping, indicating a positive outlook for the sector [8]

Group 1 - The overseas investment enthusiasm for Chinese stock ETFs has surged, with significant net inflows recorded in August [4][5] - Five major Chinese stock ETFs have reached a combined asset scale of $26.6 billion, marking an increase of approximately $2.3 billion, or nearly 10%, since the end of July [5] - The inflow is particularly strong for technology-related ETFs, indicating a positive outlook from international investors towards Chinese assets [4] Group 2 - The People's Bank of China and the Ministry of Finance have emphasized the importance of coordinated fiscal and monetary policies to support economic recovery [3] - The meeting highlighted the achievements of the joint working group established last year and discussed various topics including government bond issuance and offshore RMB bond mechanisms [3] Group 3 - The data factor market in China is rapidly developing, with over 500 digital technology companies established by central enterprises [8][9] - The market potential is significant, with predictions that the data factor market will exceed 200 billion yuan this year [9] Group 4 - The real estate market is expected to see increased activity during the "Golden September and Silver October" period, with various promotional events and policies aimed at stabilizing the market [10] - This year's events are characterized by longer durations and a wider variety of participating companies, reflecting stronger support for the market [10] Group 5 - The A-share market is experiencing fluctuations, with the Shanghai Composite Index closing at 3813.56 points, down 1.16% [20] - The Hong Kong stock market also showed a downward trend, with major indices declining [21] Group 6 - Companies like SF Holding and Taiji Group have initiated share buybacks, reflecting confidence in their stock performance [24][25] - Iron Flow Co. has signed a framework agreement with a robotics research institute to enhance its capabilities in robot component design and manufacturing [26]

Core Insights - The establishment of Beijing Data Group marks a significant step in the rapid development of China's data factor market, with over 100 data groups formed nationwide [1][5] - Central enterprises are leading the charge in the digital technology sector, with nearly 500 digital technology companies established this year, reflecting a growing enthusiasm for data utilization [2][5] - Local data groups are also emerging, with notable formations in Beijing, Hubei, and Sichuan, each aiming to create unique data ecosystems [3][4] Group 1: Central Enterprises - Central enterprises have established around 500 digital technology companies, with approximately 66% of industry leaders having purchased data, indicating a rising interest in data development [2] - Significant achievements include the creation of over 800TB of public data by three major telecom operators, with annual data service calls exceeding 100 billion [2] - Central enterprises are positioning themselves as high-quality data resource aggregators and builders of high-standard data infrastructure [2] Group 2: Local Data Groups - Local data groups are being formed in various regions, such as Beijing Data Group with a registered capital of 30 billion yuan and Hubei Data Group with 50 billion yuan [3][4] - Sichuan Data Group was established with a registered capital of 20 billion yuan, showcasing the regional commitment to data infrastructure [3] - The focus of these local groups includes public infrastructure investment and the development of trusted data spaces [3] Group 3: Market Potential and Development - The data factor market in China is projected to exceed 200 billion yuan this year, highlighting its vast potential and growth opportunities [6] - The National Data Bureau is working on enhancing data management mechanisms within state-owned enterprises to facilitate digital transformation [6] - Experts emphasize the importance of leveraging digital assets to drive innovation across industries and improve overall productivity [6]