远光软件8月20日在互动平台表示，公司拥有自主可控的区块链技术平台及多领域成熟产品与解决方 案，截至目前公司区块链应用暂未使用树图区块链。 ...

里昂发表研报指，中国软件国际长期发展趋势未变，预期华为鸿蒙个人计算机的推出，将推动虚拟机业 务成为今年发展重心，但新增长动力需时体现，预期虚拟机业务需时更久才能贡献收入。受惠于高利润 业务增速较快，里昂预期中软今年毛利率可轻微改善，目前预测上半年收入及净利润分别按年增长 10.5%及10.1%。 考虑到中软现价估值并不便宜，里昂将其评级从"高度确信跑赢大市"下调至"跑赢大市"，目标价从6.5 港元上调至7.1港元，预期政府和国企对华为新PC的大规模采购订单要到今年底至明年才会出现，因此 将2025年收入增长预测从10%下调至按年增长7.6%，反映其虚拟机产品的收入贡献延迟。 ...

智通财经APP获悉，中软国际(00354)现跌超5%，截至发稿，跌5.08%，报6.17港元，成交额2.8亿港元。 该行指出，考虑到中软现价估值并不便宜，里昂将其评级从"高度确信跑赢大市"下调至"跑赢大市"，但 将目标价从6.5元上调至7.1元，预期政府和国企对华为新PC的大规模采购订单要到今年底至明年才会出 现，因此将2025年收入增长预测从10%下调至按年增长7.6%，反映其虚拟机产品的收入贡献延迟。 消息面上，中国软件国际拟于8月25日举行董事会会议考虑及通过公司中期业绩。里昂发表研究报告 指，中软国际长期发展趋势未变，预期华为鸿蒙个人电脑的推出，将推动虚拟机业务成为今年发展重 心，但新增长动力需时体现，预期虚拟机业务需时更久才能贡献收入。受惠于高利润业务增速较快，里 昂预期中软今年毛利率可轻微改善，目前预测上半年收入及净利润分别按年增长10.5%及10.1%。 ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company has shown strong growth in productivity and globalization strategies, with a total MAU of 280 million, representing a year-over-year increase of 8.6%. The international market MAU reached 98 million, up 15.7% year-over-year, while the MAU in mainland China was 182 million, up 5.2% year-over-year [3] - The company has launched the AI Agent product RoboNeo, which achieved over 1 million MAU by August 18, 2025, without any marketing investment, indicating strong product performance [3] - The adjusted net profit forecast for 2025-2027 has been revised upwards to 943 million, 1.183 billion, and 1.515 billion yuan respectively, reflecting the company's strong core business growth and effective cost control [4] Revenue and Profitability - The company reported total revenue of 1.82 billion yuan for the first half of 2025, a year-over-year increase of 12.3%, with adjusted net profit reaching 470 million yuan, up 71.3% year-over-year [9] - The imaging and design business saw significant growth, with revenue of 1.35 billion yuan, up 45.2% year-over-year, driven by AI empowerment and productivity strategies [9] - The gross margin improved to 73.6%, an increase of 8.6 percentage points year-over-year, primarily due to the higher revenue share from the high-margin imaging and design business [9] Financial Projections - The company expects total revenue to grow from 3.34 billion yuan in 2024 to 5.65 billion yuan in 2027, with a compound annual growth rate of approximately 16.59% [1][10] - The adjusted EPS is projected to increase from 0.13 yuan in 2024 to 0.33 yuan in 2027, indicating strong earnings growth potential [1][10] - The adjusted P/E ratio is expected to decrease from 73.28 in 2024 to 28.36 in 2027, suggesting an attractive valuation as earnings grow [1][10]

Investment Rating - The report maintains a "Buy" rating for Tencent Holdings [1] Core Views - The company's performance exceeded expectations, driven by international gaming and AI-enhanced advertising effectiveness [2][9] - The report highlights strong revenue growth across various segments, with a focus on the integration of AI in gaming and advertising [9][40] Summary by Sections 1. Revenue and Profit Performance - In Q2 2025, Tencent achieved total revenue of 184.5 billion yuan, a year-on-year increase of 14.5%, surpassing Bloomberg's consensus estimate of 178.9 billion yuan [14] - Non-IFRS net profit reached 63.05 billion yuan, up 10.0% year-on-year, also exceeding expectations [14] 1.1 International Gaming Revenue - The network gaming segment generated 59.2 billion yuan, a 22.1% increase year-on-year, outperforming the expected 56.14 billion yuan [19] - The international gaming market contributed 18.8 billion yuan, growing 35.3% year-on-year, driven by titles from Supercell and PUBG Mobile [20] 1.2 Social Network Revenue - Social network revenue was 32.2 billion yuan, up 6.3% year-on-year, benefiting from mobile game virtual goods and video live streaming services [23] 1.3 Advertising Revenue - Advertising revenue reached 35.76 billion yuan, a 19.7% increase year-on-year, driven by improvements in AI advertising platforms and the WeChat ecosystem [25] 1.4 Financial Technology and Enterprise Services - Financial technology and enterprise services revenue was 55.54 billion yuan, a 10.2% increase year-on-year, supported by growth in consumer loans and business payment activities [29] 2. User Engagement Metrics - WeChat's monthly active users (MAU) grew to 1.411 billion, a 2.9% year-on-year increase, while QQ's MAU declined to 532 million, a 6.8% decrease [31] 3. Margin Improvements - Overall gross margin improved to 56.9%, up 3.6 percentage points year-on-year, with all business segments showing margin enhancements [35] 4. Increased AI Investment - Sales expenses rose to 9.41 billion yuan, a 2.8% increase year-on-year, primarily due to AI-related promotional activities [38] 5. Earnings Forecast and Rating - The report raises the adjusted net profit forecast for 2025-2027 to 255.5 billion, 285.8 billion, and 318.2 billion yuan, respectively, with corresponding PE ratios of 19, 17, and 16 [40]

重要公告： 大智慧：公司未开展"跨境支付"等相关业务 吉比特：上半年归母净利润同比增长24.5%，拟每10股派66元 安孚科技：拟11.52亿元购买安孚能源31%股权并募集配套资金 华东医药：上半年归母净利润同比增长7.01%，拟10派3.5元 万孚生物：子公司终止与关联企业共同投资项目 沪市重要公告： 莱特光电：上半年归母净利润同比增长36.74%，拟每10股派1.8元 莱特光电（688150）公告：公司2025年上半年实现营业收入2.92亿元，同比增长18.84%；归母净利润为 1.26亿元，同比增长36.74%。基本每股收益0.31元。公司拟向全体股东每10股派发现金红利1.8元（含 税）。 大智慧：公司未开展"跨境支付"等相关业务 大智慧（601519）公告：公司股票交易连续3个交易日内日收盘价格涨幅偏离值累计超过20%。目前市 场关于"虚拟资产交易""跨境支付"等关注度较高，经公司自查，公司目前无相关资质，未开展相关业 务。除此之外，公司未发现对公司股票交易价格可能产生重大影响的其他需要澄清或回应媒体报道、市 场传闻及市场热点概念。 科力远：上半年归母净利润5121.87万元，同比增长187.23% ...

Group 1 - The number of A-shares priced over 100 yuan has nearly doubled from 69 at the beginning of the year to 134 as of August 18, indicating a strong expansion in this segment [1] - The total market value of A-shares has surpassed 100 trillion yuan for the first time, reflecting overall market growth [1] - Among the high-priced stocks, Han's Laser (688256.SH) has seen a year-to-date increase of over 40%, reaching a peak of 1,000 yuan per share before closing at 933 yuan, positioning it as a strong candidate for the "thousand yuan stock club" [1] Group 2 - A significant portion of the high-priced stocks are currently at historical high valuations, with 81 stocks having total market values above the 90th percentile of their historical values [1] - Only 11 stocks are below the 50th percentile of their historical market values, indicating a concentration of high valuations among the majority [1] - Notably, 45 stocks, including Tonghuashun and Zhongji Xuchuang (300308.SZ), are at or near their historical maximum market values, with total market values above the 99th percentile [1]

诚迈科技今日涨停，全天换手率16.29%，成交额18.38亿元，振幅19.38%。龙虎榜数据显示，深股通净 买入277.70万元，营业部席位合计净买入6156.76万元。 深交所公开信息显示，当日该股因日收盘价涨幅达20.00%上榜，深股通净买入277.70万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交4.17亿元，其中，买入成交额为2.41亿 元，卖出成交额为1.76亿元，合计净买入6434.46万元。 具体来看，今日上榜的营业部中，深股通为第一大买入营业部及第一大卖出营业部，买入金额为 9884.82万元，卖出金额为9607.12万元，合计净买入277.70万元。 融资融券数据显示，该股最新（8月18日）两融余额为5.55亿元，其中，融资余额为5.54亿元，融券余额 为167.81万元。近5日融资余额合计减少1582.22万元，降幅为2.78%，融券余额合计增加53.41万元，增 幅46.69%。（数据宝） 诚迈科技8月19日交易公开信息 | 买/ | 会员营业部名称 | 买入金额（万 | 卖出金额（万 | | --- | --- | --- | --- | | 卖 | | 元） | 元 ...

最近一个月来，太美医疗科技累计涨幅31.65%，今年来累计涨幅9.81%，跑输恒生指数25.51%的涨幅。 财务数据显示，截至2024年12月31日，太美医疗科技实现营业总收入5.51亿元，同比减少3.84%；归母 净利润-2.15亿元，同比增长38.11%；毛利率40.81%，资产负债率22.02%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，软件服务行业市盈率（TTM）平均值为-23.05倍，行业中值-2.79倍。太美医疗科技市盈 率-11.43倍，行业排名第108位；其他京投交通科技（01522.HK）为4.82倍、禅游科技（02660.HK）为 5.51倍、自动系统（00771.HK）为5.92倍、博雅互动（00434.HK）为6.39倍、驴迹科技（01745.HK）为 6.5倍。 8月19日，截至港股收盘，恒生指数下跌0.21%，报25122.9点。太美医疗科技（02576.HK）收报5.24港 元/股，上涨11.49%，成交量54.44万股，成交额274.24万港元，振幅12.77%。 大事提醒 2025年8月28日，披露2025财年中报 （以上内容为金融界基于公开消息，由 ...

8月19日，截至港股收盘，恒生指数下跌0.21%，报25122.9点。承辉国际（01094.HK）收报0.74港元/ 股，上涨10.45%，成交量227.41万股，成交额165.93万港元，振幅14.93%。 最近一个月来，承辉国际累计涨幅39.58%，今年来累计涨幅52.27%，跑赢恒生指数25.51%的涨幅。 财务数据显示，截至2025年3月31日，承辉国际实现营业总收入9066.99万元，同比减少87.44%；归母净 利润-1.14亿元，同比减少18984.91%；毛利率28.68%，资产负债率64.12%。 行业估值方面，软件服务行业市盈率（TTM）平均值为-23.05倍，行业中值-2.79倍。承辉国际市盈 率-3.2倍，行业排名第133位；其他京投交通科技（01522.HK）为4.82倍、禅游科技（02660.HK）为5.51 倍、自动系统（00771.HK）为5.92倍、博雅互动（00434.HK）为6.39倍、驴迹科技（01745.HK）为6.5 倍。 资料显示，承辉国际有限公司是中国领先的一站式综合采购服务解决方案供应商,港股代码为 HK.01094。多年来,公司致力于推动各行各业采购业务电子 ...