瑞和数智(03680)发布截至2025年6月30日止6个月中期业绩，该集团取得是收益1.2亿元，同比减少 33.49%;公司拥有人应占溢利4318.6万元，去年同期则取得亏损3604万元;每股盈利6.28分。 报告期间溢利的主要由于报告期间本公司持有1500万股东京中央拍卖控股有限公司(01939)的股份，确 认公平值收益约6301.5万元;及报告期间本集团大力推动降本增效措施，从而令研发费用、行政费用、 融资成本及销售开支等较去年同期有所减少。 报告期间，本集团继续夯实在数据智能和营销科技领域的核心竞争力，深耕银行、证券、制造业等存量 客群，持续拓展战略新赛道，创新变革业务新模式，积极探索数据资产、金融AI大模型、信创国产 化、软硬件资讯科技等新领域，致力于向数智化综合服务商转型。 ...

报告期间溢利的主要由于报告期间本公司持有1500万股东京中央拍卖控股有限公司(01939)的股份，确 认公平值收益约6301.5万元;及报告期间本集团大力推动降本增效措施，从而令研发费用、行政费用、 融资成本及销售开支等较去年同期有所减少。 智通财经APP讯，瑞和数智(03680)发布截至2025年6月30日止6个月中期业绩，该集团取得是收益1.2亿 元，同比减少33.49%;公司拥有人应占溢利4318.6万元，去年同期则取得亏损3604万元;每股盈利6.28 分。 报告期间，本集团继续夯实在数据智能和营销科技领域的核心竞争力，深耕银行、证券、制造业等存量 客群，持续拓展战略新赛道，创新变革业务新模式，积极探索数据资产、金融AI大模型、信创国产 化、软硬件资讯科技等新领域，致力于向数智化综合服务商转型。 ...

在流量红利见顶、获客成本高企的当下，企业营销正陷入集体困境：内容生产低效、渠道分散难控、客户转化乏力、私域裂变停滞…… 这些问题并非单点瓶颈，而是全链路的系统性梗阻。 当零散的 AI 工具仅能实现局部提效时，一套能贯穿 "内容生产 - 流量获客 - 客户服务 - 转化成交 - 裂变增长" 全流程的 AI 自动化体系， 成为企业突破增长困局的核心解法。客第壹推出的 "AI 赢销大师系统"，通过五大智能模块的深度协同，重新定义 传统营销的痛点，本质是 "断裂"：内容团队产出的素材与渠道需求脱节，获客环节的客户数据无法同步至转化体系，服务响应的延迟导 致潜客流失，私域运营缺乏裂变动力…… 这些断裂使得营销资源内耗严重，投入产出比持续走低。 全流程 AI 自动化的核心价值，在于用技术打通这些断裂点，构建 "输入 - 处理 - 输出 - 反馈" 的闭环。 客第壹通过【壹稿过】【极客玛】【一客壹群】【壹客通】【裂变魔方】五大智能体的深度耦合，实现了营销全链条的 "无人化" 高效运 转：内容创作从 "3 天 1 篇" 压缩至 "30 分钟 10 篇"，客户响应从 "8 小时人工值守" 升级为 "7×24 小时 AI 秒回" ...

当人工智能从实验室走向产业应用，我们正见证着一场静默却深刻的范式革命。 继大模型之后，Agent正成为这场智能革命中的明确技术路线。但如何构建真正的Agent、迎接Agentic AI，大多数人并不清楚。 但易点天下已经开始通过Agent交付实实在在的价值。 易点天下作为一家企业国际化智能营销服务商，凭借多年来在营销服务领域的行业Know-How，以及近 几年在AI Agent方面积累的技术基础，在前不久发布了其AI Drive2.0数智营销解决方案及首个全球多渠 道全托管AI营销专家-AdsGo.ai。 以AdsGo.ai，以及此前发布的KreadoAI、Funsdata、Cycor、CyberGrow等产品为矩阵，易点天下将复杂 营销工作流通过Multi-Agent和 AI Workflow来封装成一个7x24小时不间断工作的AI智能体系。 其中，新发布的AdsGo.ai通过内部互相串联的、能够理解商家目标，自主分析市场，制定并执行策略营 销的垂类AI Agent，实现"程序化自动化"到"智能化自动化"的跨越，让用户只需要专注于自己的核心业 务，由AI agent 即可自动完成"一键启动、长期运转"的管家 ...

Core Insights - The marketing industry is undergoing a significant transformation with the advent of AI technology, moving from a labor-intensive model to one driven by automation and intelligence [1] - Titanium Technology's Navos, the world's first marketing AI Agent, represents a pivotal shift in the industry, enabling comprehensive support across the entire marketing workflow [1][3] Company Overview - Titanium Technology has 8 years of industry experience and has introduced Navos as a revolutionary product at the World Artificial Intelligence Conference [1] - Navos aims to automate repetitive tasks, allowing human marketers to focus on high-value decision-making [1][5] Product Features - Navos utilizes advanced models for multi-modal content generation, addressing inefficiencies in creative material production [1][2] - The AI Agent can analyze data from platforms like TikTok to provide creative suggestions and generate marketing materials efficiently [2] - It enhances advertising optimization by intelligently managing ad configurations and tracking performance metrics in real-time [2][3] Efficiency and Impact - Navos automates the entire marketing process, significantly improving the efficiency of designers, optimizers, and analysts [3] - The marketing cycle can be reduced from 1-3 months to just a few hours or days, increasing efficiency by 10 to 50 times [3] - For mature clients, the return on investment (ROI) can increase by over 3 times, while for small to medium clients, it can rise by 10 to 50 times [3] Industry Significance - The launch of Navos marks a transition in AI marketing from being an auxiliary tool to becoming a core driver of marketing strategies [5] - As globalization continues, the role of Titanium Technology and Navos in facilitating international growth for businesses becomes increasingly critical [5]

Core Insights - Aurora Mobile is actively exploring the integration of emerging technologies, particularly quantum computing, into its existing business model, aiming for transformative changes in customer interaction and marketing technology [1] Data Processing and Insights: Quantum Acceleration - The company faces challenges with vast and complex data in its data processing and analysis business. Quantum computing's parallel processing capabilities significantly enhance the efficiency of analyzing customer behavior and preferences [2] - Quantum algorithms enable rapid identification of customer behavior patterns, allowing for the precise prediction of repurchase timing, thereby providing optimal marketing windows and improving data insight depth and accuracy [2] Precision Marketing and Recommendations: Quantum Empowerment - Precision marketing and personalized recommendations are core to the company's business. Quantum bits enrich customer profiling dimensions, creating more accurate and comprehensive customer images [3] - Enhanced collaborative filtering algorithms powered by quantum computing can aggregate vast amounts of information to tailor recommendations for customers, significantly increasing marketing conversion rates and customer satisfaction while optimizing marketing resource allocation [3] Intelligent Decision Support: Quantum Assistance - The complexity of marketing decision-making, with numerous variables, is addressed by the company's use of quantum computing for simulation capabilities. This allows for the construction of market simulation models based on market trends, customer dynamics, and competitor strategies [4] - Quantum simulations can test various promotional strategies, including different channels, timing, and promotional intensity, helping businesses make more informed and forward-looking marketing decisions [4]

Core Viewpoint - BlueFocus is facing significant financial challenges, including operational losses, high debt levels, and low profitability, which have led to difficulties in refinancing and a poor stock performance in the A-share market. The company's upcoming IPO in Hong Kong aims to raise funds primarily for alleviating liquidity issues and supporting its AI strategy [1][11][13]. Financial Performance - BlueFocus reported a revenue of 607.97 billion yuan in 2024, marking a year-on-year increase of 15.55%. However, the company experienced a net loss of 2.91 billion yuan, a staggering decline of 349.32% compared to the previous year [2][13]. - The company's gross profit margin has been declining, with figures of 6.43%, 6.34%, 4.69%, 3.44%, and 2.56% from 2020 to 2024 [4]. - The net profit margin is even lower, with values of 1.79%, 1.3%, -5.93%, 0.22%, and -0.48% during the same period [5]. Business Model and Strategy - BlueFocus's core overseas business accounts for approximately 80% of its revenue, but the gross margin for this segment is only 1.73%, significantly lower than the domestic business margin of 7.55% [7][11]. - The company has initiated a global expansion strategy (Globalization 2.0), shifting from an agency-driven model to a technology and AI-driven approach [2]. Debt and Cash Flow - The company's debt levels have been rising, with asset-liability ratios increasing from 47.57% in 2021 to 66.1% in 2024 [9]. - As of Q1 2025, the company reported a net cash outflow of 12 billion yuan from operating activities, indicating poor cash flow management [9][10]. Research and Development - Despite the emphasis on an "All in AI" strategy, BlueFocus's R&D expenditure is alarmingly low, with a projected rate of only 0.1% in 2024, which raises questions about the feasibility of its technology-driven narrative [1][13]. - The company's R&D expenses were reported at 0.54 billion yuan in 2024, a decrease of 39.65% year-on-year [13]. IPO and Future Prospects - The upcoming IPO in Hong Kong is seen as a potential solution to the company's liquidity crisis, with funds intended for AI technology development, global business network expansion, and marketing business growth [13]. - The company anticipates that AI-driven revenue will reach between 30 billion to 50 billion yuan by 2025, despite current low investment in R&D [13].

Core Insights - The MarTech HK Summit 2025 showcased advancements in marketing technology, with a focus on AI-driven solutions for enhancing customer interaction and engagement [1] - Aurora Mobile presented two key solutions: GPTBots, an enterprise-level AI platform, and EngageLab, a multi-channel interaction platform, aimed at creating a complete growth loop for businesses [2][8] Group 1: AI Solutions - GPTBots enables businesses to build custom AI assistants without coding, covering high-value scenarios such as intelligent customer service and process automation, driving a revolution in business efficiency [2] - EngageLab integrates over 20 communication channels, including email, SMS, and social media, to achieve precise automated marketing through user behavior analysis, enhancing conversion and retention rates [3] Group 2: Industry Applications - In the education sector, a top university expressed interest in using GPTBots to create a chatbot for admissions and assist applicants, aiming to improve efficiency and provide personalized support to global applicants [6] - In the aviation industry, a company's tech department focused on GPTBots for omnichannel customer engagement and internal efficiency, highlighting the platform's flexibility in enhancing customer service and operational efficiency [7] Group 3: Future Outlook - Aurora Mobile's presentation at the summit demonstrated the potential of AI and multi-channel solutions to empower enterprises in finance, aviation, and education, marking the beginning of collaborative innovation with clients [8]

Core Insights - The increasing globalization and rapid development of digital technology are driving more companies to explore overseas markets, with AI marketing agents emerging as a favored tool for expansion [1][16] Group 1: AI Marketing Agents - AI marketing agents utilize big data analysis and machine learning algorithms to accurately target customer groups, enhancing the effectiveness of marketing activities [1][14] - They enable full-chain automated operations from lead acquisition to order conversion, significantly improving marketing efficiency and reducing labor costs [1][16] - AI marketing agents support multiple mainstream social media platforms, including TikTok, Facebook, Instagram, and LinkedIn, facilitating multi-channel marketing coverage [1] Group 2: Starry Cloud's Offerings - Starry Cloud is a leading one-stop overseas AI marketing agent platform in China, providing comprehensive social media operation solutions for businesses [4][11] - The platform features six intelligent agents, including AI website experts, AI short video operation experts, AI social media operation experts, AI foreign trade personnel, AI customer service, and AI data analysts, which work collaboratively to optimize marketing processes [4][15] - Starry Cloud has successfully served over 5,000 companies, accumulating rich industry experience and successful case studies, such as reducing customer acquisition costs and improving lead quality for clients [11] Group 3: Technical Strength and Customization - Starry Cloud boasts a strong technical team with deep AI technology and big data analysis capabilities, providing precise marketing strategies and efficient operational services [11] - The platform offers personalized marketing solutions tailored to specific business needs, aiding in brand building and business growth [11][2]

Core Viewpoint - BlueFocus is planning to issue H-shares and list on the Hong Kong Stock Exchange, aiming to raise approximately $500 million to support its business development and strategic transformation in the AI marketing sector [2][6]. Financial Performance - In 2024, BlueFocus achieved a revenue of 60.797 billion yuan, a year-on-year increase of 15.55%, becoming the first marketing company in China to surpass 60 billion yuan in revenue [3]. - Despite revenue growth, BlueFocus reported a net loss of 291 million yuan, a decline of 349.32% year-on-year, primarily due to increased investments in emerging businesses and rising bad debt losses from customer credit risks [3][4]. - In Q1 2025, the company reported a revenue of 14.258 billion yuan, a decrease of 9.66%, but a net profit of 96 million yuan, an increase of 16.01% year-on-year [5]. Business Strategy - BlueFocus is focusing on international expansion and AI transformation as its two core strategies, with overseas business revenue reaching 48.333 billion yuan in 2024, a growth of 29.36% [7]. - The "All in AI" strategy aims to transform BlueFocus into a true AI marketing technology company, with AI covering over 95% of its operational scenarios, improving efficiency by 60% to 1000% [8][10]. AI Integration - In 2024, AI-driven revenue reached 1.2 billion yuan, growing over tenfold, with expectations to reach 3 to 5 billion yuan in 2025 [8]. - BlueFocus has developed its own AI platform, BlueAI, which has been integrated into over half of its cases, and has incubated around 100 intelligent agents [8][9]. Market Challenges - The AI marketing market in China is projected to reach 133.49 billion yuan in 2024, growing by 74.7%, with increasing competition from traditional marketing firms and tech giants [10]. - BlueFocus aims to reconstruct its business model and organizational structure through AI to gain a competitive edge in the rapidly evolving market [11][12].