Investment Rating - The report maintains a "Buy" rating for the company [1][10][11] Core Insights - Ant Group has deepened its cooperation with the company, holding a stake and accelerating the rollout of the WiNEX series AI products [1][4] - The company is positioned as a leader in medical information technology, with a focus on AI and SaaS innovations [10][11] - The financial forecast indicates a recovery in profitability starting in 2026, with expected revenues of 2.48 billion yuan in 2026 and 3.01 billion yuan in 2027 [9][10] Financial Performance - The company has shown significant stock performance, with a 12-month increase of 88.2%, outperforming the CSI 300 index [3] - Current stock price is 12.10 yuan, with a market capitalization of approximately 26.81 billion yuan [3] - The company’s revenue is projected to decline in 2025 but is expected to grow by 20% in 2026 and 21% in 2027 [9][10] Product Development - The WiNEX series AI products have been deployed in nearly 150 medical institutions, enhancing clinical decision-making and documentation efficiency [6][10] - The company is advancing its medical software solutions, with a focus on domestic innovation and compatibility with various hardware platforms [8][10] Market Outlook - The Chinese medical software system market is expected to reach 11.5 billion yuan by 2029, with stable growth rates projected for hospital application software and regional health information systems [7][10] - The collaboration with Ant Group is anticipated to accelerate the company's growth trajectory in the healthcare sector [5][10]

天眼查显示，近日，宜昌佳昶供应链有限公司成立，法定代表人为黎刚，注册资本26923万人民币，远 安县栖凤资本投资有限公司、湖北绿矿实业投资发展有限公司持股。 企业名称宜昌佳昶供应链有限公司法定代表人黎刚注册资本26923万人民币国标行业信息传输、软件和 信息技术服务业>软件和信息技术服务业>软件开发地址湖北省宜昌市远安县嫘祖镇垭丝路26号302室企 业类型其他有限责任公司营业期限2026-1-15至无固定期限登记机关宜昌市远安县市场监督管理局 来源：市场资讯 序号股东名称持股比例1远安县栖凤资本投资有限公司97.1429%2湖北绿矿实业投资发展有限公司 2.8571% 经营范围含国内货物运输代理,供应链管理服务,普通货物仓储服务（不含危险化学品等需许可审批的项 目）,陆地管道运输,非金属矿物制品制造,电子过磅服务,运输货物打包服务,道路货物运输站经营,铁路运 输辅助活动,装卸搬运,水污染治理,生态恢复及生态保护服务,土壤污染治理与修复服务,工程管理服务,水 土流失防治服务,环境卫生公共设施安装服务,土石方工程施工,园林绿化工程施工,选矿,建筑砌块制造,矿 物洗选加工,非金属矿及制品销售,资源再生利用技术研发。 ...

Group 1: Investment and Financial Overview - The company plans to issue convertible bonds to raise up to 14.60 billion yuan, with total investment in three core projects reaching 20.71 billion yuan, emphasizing its strategic commitment to AI development [2][3] - Revenue is projected to grow from approximately 1 billion yuan in 2021 to 1.86 billion yuan in 2024, reflecting an increase of 86.25% [3] - Net profit is expected to rise from about 1.30 billion yuan to 2.18 billion yuan, marking a growth of 67.69% [3] - Net assets are anticipated to increase from 20.71 billion yuan to 27.49 billion yuan, a growth of 32.74% [3] Group 2: Project Details - The Intelligent Computing Center project has a total investment of 14.85 billion yuan, with 10.35 billion yuan allocated from the raised funds, aiming to enhance AI computing capabilities by adding approximately 12,000P of computing power [3][4] - The Rich AIBox platform upgrade project will utilize 2.07 billion yuan for enhancements across infrastructure, core engine, and product service layers [4] - The enterprise-level AI application development project has a total investment of 3.79 billion yuan, with 2.94 billion yuan from raised funds, focusing on AI applications in customer service, marketing, and knowledge management [4] Group 3: Business Model and Market Strategy - The company will adopt a dual business model combining self-owned assets and light asset strategies, with a greater revenue share expected from self-owned assets [5] - The AI voice agent service will implement a project-based charging model for inbound services and a usage-based model for outbound marketing services [6] - The Rich AIBox platform is designed to provide comprehensive solutions for various industries, including telecommunications, finance, and energy, facilitating digital transformation [7] Group 4: Future Outlook and Development - The company aims to create a closed-loop ecosystem integrating robotics, computing power, and AI applications, enhancing operational efficiency and market competitiveness [5][6] - The development of embodied intelligent robots is focused on software engineering, with applications in areas like park inspection and home assistance [7] - The AI email and cloud storage projects are progressing well, with expectations for significant growth in application scenarios by 2026 [6]

Market Performance - The Sci-Tech 100 Index increased by 4.5%, the Sci-Tech Composite Index rose by 2.9%, the Shanghai Sci-Tech 50 Component Index went up by 2.6%, and the Shanghai Sci-Tech Growth Index saw a rise of 0.9% this week [1][3]. Industry Developments - A significant breakthrough in the development of new semiconductor materials was achieved by a team from the University of Science and Technology of China, which successfully constructed a programmable, atomically flat "mosaic" heterojunction in two-dimensional ionic soft crystal materials. This technology overcomes the challenges of traditional processes that tend to damage soft crystal structures, paving the way for the development of high-performance light-emitting and integrated devices [1]. Index Composition - The Shanghai Sci-Tech 100 Index consists of 100 stocks with medium market capitalization and good liquidity, focusing on small and medium-sized tech enterprises, with over 80% of its composition in the electronics, biopharmaceuticals, computer, and power equipment sectors [5]. - The Shanghai Sci-Tech Composite Index covers all market securities, focusing on core frontier industries such as artificial intelligence, semiconductors, new energy, and innovative pharmaceuticals, encompassing all 17 primary industries listed on the Sci-Tech Board [5]. - The Shanghai Sci-Tech Growth Index is composed of 50 stocks with high growth rates in revenue and net profit, with over 95% of its composition in high-growth sectors like electronics, power equipment, biopharmaceuticals, and automotive [5]. ETF Tracking - There are currently 19 ETFs tracking the Shanghai Sci-Tech 50 Component Index, 13 ETFs for the Shanghai Sci-Tech 100 Index, 15 ETFs for the Shanghai Sci-Tech Composite Index, and 4 ETFs for the Shanghai Sci-Tech Growth Index, with varying fee rates and tracking errors [5].

Core Viewpoint - The company, 盈证国际 (08379.HK), is strategically entering the Web3.0 and blockchain sector to capitalize on the growing compliance and professionalism in the industry while diversifying and globalizing its business operations [1][2]. Group 1: Business Planning - The company plans to leverage its existing software development expertise to provide comprehensive software development services for blockchain exchanges, including transaction system setup, compliance risk control module development, data security protection systems, and cross-border transaction scenario adaptation [2]. - The company intends to initiate the launch of a compliant digital asset exchange and wallet public chain technology development in the short term, aiming to create a one-stop platform that meets international regulatory standards, offering digital asset trading, clearing, and custody services to fulfill the diverse asset allocation needs of global investors [2]. Group 2: Market Potential and Strategic Positioning - The company recognizes that Web3.0, digital currencies, blockchain technology, and related applications are significantly transforming the global financial landscape, with the global digital asset market showing strong growth potential [2]. - As an international financial center, Hong Kong's robust regulatory framework and the establishment of relevant policies provide a favorable starting point for the company to explore the Web3.0 blockchain platform [2]. - The company aims to utilize its advantages in technology and resources through strategic business planning and diversified development to explore innovative business models, accelerate business growth, and enhance overall competitiveness [2].

(责任编辑：关婧) 嘉和美康首次公开发行股票募集资金总额13.62亿元，扣除发行费用后，募集资金净额为12.40亿 元。嘉和美康最终募集资金净额比原计划多4.90亿元。嘉和美康于2021年12月9日披露的招股说明书显 示，该公司拟募集资金7.50亿元，分别用于专科电子病历研发项目（急诊急救方向、妇幼专科方向）、 综合电子病历升级改造项目、数据中心升级改造项目、补充营运资金。 嘉和美康首次公开发行股票的发行费用总额为1.21亿元，其中，保荐及承销费用9782.30万元。 中国经济网北京1月16日讯 嘉和美康(688246.SH)今日股价下跌，截至收盘报29.00元，跌幅7.20%。 目前该股处于破发状态。 嘉和美康于2021年12月14日在上交所科创板上市，发行价格为39.50元/股，发行数量为3446.94万 股，保荐机构（主承销商）为华泰联合证券有限责任公司，保荐代表人为孔祥熙、王琛。 ...

Group 1 - The software development sector experienced a decline of 2.17% on January 16, with *ST Lifan leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] - Notable gainers in the software development sector included Jin Chengzi, which rose by 10.41% to a closing price of 48.80, and Ping Gong Technology, which increased by 5.88% to 147.30 [1] Group 2 - The main funds in the software development sector saw a net outflow of 7.173 billion yuan, while retail investors experienced a net inflow of 5.849 billion yuan [2] - The stock *ST Lifan saw a significant drop of 19.28%, closing at 0.67, with a trading volume of 811,000 shares [2] - Wei Ning Health also faced a decline of 13.20%, closing at 12.10, with a trading volume of 3.1576 million shares [2] Group 3 - Key stocks with significant net inflows from main funds included Guo Li Wei, which had a net inflow of 114 million yuan, representing 11.36% of its trading volume [3] - In contrast, stocks like De Sai Xi Wei experienced a net outflow of 63.966 million yuan from speculative funds, indicating a negative sentiment [3] - The overall trend shows that while main funds are pulling out, retail investors are actively buying into certain stocks, reflecting a mixed market sentiment [3]

天眼查工商信息显示，近日，北京市淘源创科技有限公司成立，法定代表人为廉文昭，注册资本800万 人民币，经营范围含软件开发、知识产权服务、版权代理、信息咨询服务、信息技术咨询服务、网络技 术服务、服饰制造、服饰研发、服装辅料制造等。股权全景穿透图显示，该公司由淘天有限公司全资持 股，后者为淘宝(中国)软件有限公司全资子公司。 ...

每经AI快讯，英方软件1月16日晚间发布业绩预告，预计公司2025年度归属于母公司所有者的净利润 为-1500万元到-1200万元，较上年同期相比，亏损规模显著收窄。业绩变动主要原因是，报告期内，公 司营业收入保持基本稳定。在此基础上，公司为把握行业发展机遇，巩固核心技术竞争优势，持续在高 端人才引进、底层技术研发及销售网络建设等关键领域保持战略性投入，相关费用维持较高水平。与此 同时，公司通过优化组织架构、削减非必要开支、提升资源利用效率等措施，加强对研发、管理及销售 费用的精细化管控，相关费用同比实现下降。综合以上因素，公司2025年虽仍处于亏损状态，但亏损规 模较上年同期有所收窄。 每经头条（nbdtoutiao）——白银50天涨逾80%，疯狂程度远超黄金，历史上爆炒白银往往预示贵金属 牛市已到高潮，这次有何不同？ （记者 曾健辉） ...

Core Viewpoint - The data indicates significant outflows of capital from various stocks, with notable declines in share prices across multiple sectors, suggesting a bearish sentiment in the market. Group 1: Stock Performance and Capital Outflow - The top stock with the highest capital outflow is TBEA Co., Ltd. (特变电工), with an outflow of 3.085 billion yuan and a price drop of 2.67% [1][2] - BlueFocus Communication Group (蓝色光标) experienced a capital outflow of 2.024 billion yuan, with a significant price decline of 11.52% [1][2] - Zijin Mining Group (紫金矿业) saw an outflow of 2.009 billion yuan and a price decrease of 2.04% [1][2] - China Satellite Communications (中国卫星) had a capital outflow of 1.729 billion yuan, with a price drop of 4.61% [1][2] - Contemporary Amperex Technology Co., Ltd. (宁德时代) experienced an outflow of 1.579 billion yuan and a minor price decline of 0.4% [1][2] Group 2: Sector Analysis - The electric equipment sector, represented by TBEA Co., Ltd., shows a significant capital outflow, indicating potential challenges in this industry [2] - The cultural communication sector, represented by BlueFocus, is facing substantial capital withdrawal, reflecting investor concerns [2] - The non-ferrous metals sector, including companies like Zijin Mining and China Aluminum (中国铝业), is also experiencing notable outflows, suggesting a broader trend affecting commodity-related stocks [2][3] - The software development sector, represented by companies like Yonyou Network (用友网络) and Weining Health (卫宁健康), is witnessing significant capital outflows, indicating potential vulnerabilities in this area [3]