Group 1 - The core viewpoint of the article highlights the positive market response to Cloud Factory's (云工场) stock, which rose over 5% and is currently trading at 5.17 HKD with a transaction volume of 22.62 million HKD [1] - The Ministry of Industry and Information Technology (工信部) announced that as of June 30, 2025, there are 10.85 million standard racks in use for computing power centers in China, with an intelligent computing power scale of 788 EFLOPS [1] - The Ministry plans to improve the policy framework for computing power layout and optimize infrastructure, which is expected to accelerate the construction of local intelligent computing centers [1] Group 2 - Cloud Factory has entered into a joint venture agreement with Shannon Chip Innovation (香农芯创), with a registered capital of 120 million RMB to explore the intelligent computing service market [1] - The company believes that the intelligent computing business complements its existing operations and will create synergies for overall business development [1] - There is a stable growth trend in demand for computing resources and processing capabilities from existing customers, supported by the company's technical expertise and established supply chain [1]

证券代码：301396 证券简称：宏景科技 宏景科技股份有限公司投资者关系活动记录表 编号：2025-005 尊敬的投资者，您好！感谢您的建议！公司将持续以为股 东创造更多价值为目标，促进公司高质量发展。感谢您的关注。 5、请问宏景科技的芯片什么时候发布？ 尊敬的投资者，您好！公司是具备自主研发能力的智算中 心、智慧城市综合服务商，在算力业务方面，公司凭借多年的 创新研发团队建设、计算集群技术积累和持续的研发投入的基 础上，依托完善、高性价比的算力供应链及出色的供应链整合 能力，在丰富的智算资源池及大型客户服务经验的基础上，能 够根据客户需求，提供系统设计、设备供应、安装部署、测试 调优等销售及技术服务，可为客户提供 GPU 硬件采购、集算 力组网一体化解决方案，实现服务器的上架、集群、调优、组 网以达到客户要求的算力水平，从而为客户提供全方位、多元 化、高效、低成本的 AI 解决方案，以推动大模型应用持续创 新与发展。公司通过高速网络将分散的计算资源连接起来，形 成统一的、可弹性调度的计算能力池，以支持客户的高性能计 算、人工智能训练、大数据分析等任务，帮助客户实现算力的 高效聚合、协同共享，突破单机算力限 ...

Core Viewpoint - The article highlights the transformation of Songjiang District in Shanghai into a hub for advanced manufacturing and innovation, emphasizing its strategic initiatives to enhance industrial development, education, and rural revitalization. Group 1: Industrial Development - Songjiang aims to build an advanced manufacturing development cluster, with industrial output accounting for 1/7 of the city's total since becoming the first city-level industrial district in 1992 [1] - The district has established a "2+4" modern industrial system, focusing on two trillion-level leading industries: new generation information technology and high-end equipment, along with four hundred-billion-level characteristic industries [2] - By 2024, Songjiang is projected to have 1,718 industrial enterprises above designated size, maintaining the top position in the city for three consecutive years [1][2] Group 2: Education and Talent Development - Songjiang is enhancing the integration of education, technology, and talent, with a focus on building a new quality productivity development zone [3] - The district hosts eight universities and over 120,000 students, fostering a rich research environment and facilitating the transformation of original research outcomes [3][4] - A comprehensive talent service network has been established, including over 100 academic and expert workstations, to match industry needs effectively [4] Group 3: Urban Development - Songjiang is committed to creating a modern city that integrates industry and urban living, with a focus on transportation, education, and healthcare improvements [6] - The district is developing a comprehensive transportation system that includes high-speed rail, metro, and bus networks, enhancing connectivity and urban functionality [6][7] - Urban planning emphasizes the protection of historical areas while promoting new developments, ensuring a balance between preservation and modernization [7] Group 4: Agricultural Modernization - Songjiang is advancing agricultural modernization and rural revitalization, focusing on key products like rice and crab, and achieving the highest brand development index in the city for three consecutive years [8][9] - The district has implemented infrastructure upgrades in rural areas, enhancing connectivity and quality of life for residents [9][10] - Innovative reforms in collective asset management and land use are being pursued to stimulate rural economic growth and support comprehensive revitalization efforts [10]

Group 1 - The company, Daoshi Technology, announced on September 12 that it is actively working on the preliminary government filing and approval, engineering design, auxiliary equipment selection, and infrastructure construction for the Hexi Intelligent Computing Center [1] - The headquarters in Foshan plans to complete the initial construction of 200 units by the end of this year, with an overall plan for 1,000 units [1] - Future plans include establishing atomic computing centers in various locations across the country, based on resource endowments and customer clusters [1]

Group 1 - The core viewpoint of the article is that Hanbang Gaoke Digital Technology Co., Ltd. reported significant revenue growth in the first half of 2025, driven by its intelligent computing service solutions [1] - In the first half of the year, the company achieved operating revenue of 81.76 million yuan, representing a year-on-year increase of 52.56% [1] - The net profit attributable to shareholders of the listed company was -28.53 million yuan, and the net profit after deducting non-recurring gains and losses was -28.11 million yuan [1] Group 2 - Hanbang Gaoke is a comprehensive solution provider for intelligent computing services, intelligent security, audio and video monitoring, artificial intelligence applications, and digital watermarking technology [1] - The company's main business includes intelligent computing service solutions, intelligent security solutions, audio and video solutions, audio and video products, digital watermarking, and operation and maintenance services [1]

Group 1 - On July 23, Jinlong Co., Ltd. announced that Guangdong Shenbao Yiben and Shenzhen Shenbao Yiben intend to transfer a combined 29.3151% stake in Shenzhen Benmao Technology Co., Ltd. to the company [1][4] - Guangdong Shenbao Yiben holds 16.4345 million shares of Shenzhen Benmao, accounting for 23.2427% of the total share capital, while Shenzhen Shenbao Yiben holds 4.2937 million shares, accounting for 6.0724% [4] - Shenzhen Benmao focuses on the full industry chain services centered on intelligent computing centers and computing power services, providing comprehensive solutions for green and low-carbon intelligent computing centers [4] Group 2 - Shenzhen Benmao's total assets are projected to be 1.978 billion yuan, with net assets of 485 million yuan by the end of 2024, and an expected operating income of 869 million yuan and net profit of 53.6247 million yuan for the same year [4] - Jinlong Co., Ltd. has faced significant performance pressure, reporting losses for four consecutive years from 2021 to 2024, with total revenues of 1.663 billion yuan in 2024 and a net profit of -89 million yuan [4][5] - Due to debt pressures, Jinlong Co., Ltd. has been planning to sell stakes in two brokerage firms to recover funds, including a 20% stake in Dongguan Securities sold for a base price of 2.272 billion yuan [5]

Core Viewpoint - Jinlong Co., Ltd. is shifting its focus towards acquiring intelligent computing service companies to accelerate its business transformation after facing years of losses and increasing debt pressure [1][3]. Group 1: Acquisition Plans - On July 23, Jinlong announced its intention to acquire a 29.31% stake in Shenzhen Benmao Technology Co., Ltd. to expedite its business transformation [1][3]. - The acquisition is expected to enhance Jinlong's revenue and profitability, creating more value for the company and its shareholders [3]. - Shenzhen Benmao, established in 1997, specializes in the full industry chain services related to intelligent computing centers, with total assets of 1.978 billion and net assets of 485 million as of the end of 2024 [3]. Group 2: Financial Performance and Debt Issues - Jinlong has been facing continuous losses, with net profits of -131 million, -392 million, -384 million, and -89 million from 2021 to 2024 [6]. - The company's debt-to-asset ratio has been increasing, reaching 81.09% in 2024 [6]. - To alleviate financial pressure, Jinlong has been selling its stakes in brokerage firms, having completed the sale of 20% of Dongguan Securities for 2.272 billion [7]. Group 3: Previous Projects and Developments - Jinlong previously planned to invest in building an intelligent computing center with a total investment of no more than 1 billion, but there have been no recent updates on this project [4][5]. - The company had to terminate the sale of its stake in Zhongshan Securities to avoid potential operational issues [6].

Core Viewpoint - Jinlong Co., Ltd. plans to acquire a total of 29.3151% shares of Shenzhen Benmao Technology Co., Ltd. from two investment partnerships, which is expected to facilitate the company's business transformation and enhance its revenue and profitability potential [1][2]. Group 1: Acquisition Details - The acquisition involves Guangdong Shenbao Yiben and Shenzhen Shenbao Yiben, which hold 23.2427% and 6.0724% of Shenzhen Benmao's shares, respectively [1]. - The parties have signed a Letter of Intent on July 22, 2025, and the transaction is currently in the planning stage [1][3]. - The acquisition is not classified as a related party transaction and will follow the necessary decision-making procedures once details are finalized [1]. Group 2: Shenzhen Benmao's Financials - As of the end of 2024, Shenzhen Benmao reported total assets of 1.978 billion yuan and net assets of 485.487 million yuan, with an operating income of 869.494 million yuan and a net profit of 53.6247 million yuan [2]. Group 3: Jinlong's Financial Performance - Jinlong has reported losses for four consecutive years, with net profits of -131 million yuan, -392 million yuan, -384 million yuan, and -89 million yuan from 2021 to 2024 [4]. - In 2024, Jinlong's total revenue was approximately 662.65 million yuan, a 245.16% increase from the previous year, while the net profit loss improved by 76.77% compared to 2023 [5]. - As of March 31, 2025, Jinlong's total assets were 23.013 billion yuan, with a debt ratio of 81.25% [6].

Core Viewpoint - The 2025 DEMO WORLD Enterprise Innovation and Investment Conference will be held in Shanghai Songjiang, focusing on the integration of technological and industrial innovation, particularly in the intelligent computing service sector [1] Group 1: Event Overview - The conference will feature a special session on "Intelligent Computing Services & Shanghai Songjiang Economic Development Zone," aimed at showcasing the vitality of the intelligent computing industry and fostering cross-industry collaboration [1] - The event is organized by Chuangyebang, in collaboration with various local government entities, to promote innovation and investment opportunities in the region [1] Group 2: Industry Development - The intelligent computing service sector is one of the seven key industries in Songjiang's "2+7" modernization industrial system, with plans to establish a core supply source for intelligent computing in the Yangtze River Delta by around 2030 [1] - Songjiang aims to support the intelligent computing industry through nine initiatives, including financial support of up to 200 million yuan for qualifying enterprises [1] Group 3: Economic Performance - Songjiang Economic Development Zone ranks 16th among 233 national-level development zones in China and 2nd in Shanghai, housing 108 high-tech enterprises and 47 specialized and innovative companies [2] - The intelligent computing capacity in the Songjiang Economic Development Zone reaches 31,300 PetaFLOPS, positioning it among the leaders in the Yangtze River Delta [2] Group 4: Conference Activities - The conference will include presentations on the latest industry policies and investment environments, as well as deep sharing from leading enterprises and their partners [3] - A "New Quality Discussion" segment will feature over 10 intelligent computing service companies sharing their latest technologies and products, followed by a roundtable discussion on investment trends [4]

Group 1: Company Overview and Transformation - The company has transformed into a comprehensive solution provider in intelligent computing services, smart security, audio-video monitoring, AI applications, and digital watermarking technology [2][4] - The company focuses on maintaining strong cooperation with clients and enhancing its competitive edge through technology innovation and resource integration [4][5] Group 2: Competitive Advantages - The company possesses competitive advantages in technology R&D capabilities, product innovation, industry resources, and a professional team [2][4] - In the intelligent computing service sector, the company has developed a moderately sized and competitive R&D team focusing on large model algorithms and big data development [4][6] Group 3: Financial and Structural Support - The controlling shareholder, Beijing Muchao Holdings, will provide financial support and enhance corporate governance, which is expected to improve the company's operational capabilities and profitability [5][6] - The company is undergoing a major asset restructuring, with due diligence and auditing processes currently in progress [4][5] Group 4: Future Development Strategy - The company aims to capitalize on opportunities in AI and large model technology, enhancing product quality and efficiency through innovation [6][7] - Plans include accelerating the application of digital watermarking technology and expanding customer groups and application scenarios [6][7] Group 5: Communication and Updates - The company acknowledges the need for timely updates on its website and subsidiary information, indicating ongoing improvements in management and business operations [6][7]