Core Viewpoint - Shanghai's government has released the "Action Plan for High-Quality Development of the Intelligent Terminal Industry (2026-2027)", aiming to strengthen the intelligent terminal industry with a target scale exceeding 300 billion yuan by 2027, and to cultivate globally influential consumer terminal brands and leading enterprises [1][2]. Group 1: Key Actions for Terminal Core Products - The plan emphasizes the development of artificial intelligence computers, aiming to establish a production base with an annual capacity of 10 million units and to transform traditional computer production towards AI computers [1][2]. - It aims to enhance the scale of intelligent computing terminals, including the development of edge computing integrated machines and AI-enabled solutions for various industries [2][4]. Group 2: Key Technology Foundations - The plan outlines five specific measures, including strengthening the layout of edge AI chips and improving model performance for terminal products [4][5]. - It supports the development of core chips like SoC and CPU across major technology routes (X86, ARM, RISC-V) and promotes the advancement of edge GPU chips [4][5]. Group 3: Industrial Ecosystem Optimization - The plan highlights the need for increased financial support for the industry through investment funds and encourages state-owned enterprises to participate in the development of the intelligent terminal industry [6]. - It aims to create industrial clusters by enhancing collaboration between districts and fostering competitive enterprises within the intelligent terminal supply chain [6].

Core Insights - The Shanghai Municipal Economic and Information Commission released the "Action Plan for High-Quality Development of the Intelligent Terminal Industry (2026-2027)", aiming for the industry to exceed 300 billion yuan by 2027 and to establish over three globally influential consumer terminal brands [1][2]. Group 1: Industry Goals - By 2027, the intelligent terminal industry in Shanghai is expected to achieve a scale exceeding 300 billion yuan, with targets to cultivate three globally influential consumer terminal brands and two leading enterprises [1]. - The plan includes achieving a production scale of over 10 million units for artificial intelligence computers, smartphones, and new AI terminals [1]. Group 2: Financial Support and Investment - The action plan emphasizes increasing financing support for terminal enterprises through industrial transformation funds and guiding social capital and professional institutions to participate in investment [1][2]. - It encourages financial institutions to strengthen the guarantee of financing needs for intelligent terminals [1]. Group 3: Product Development Focus - The plan aims to cultivate leading brands in artificial intelligence computers and support the transformation of traditional computer production capacity to AI computers, establishing a production base with an annual capacity of 10 million units [1][2]. - It also focuses on developing AI smartphone brands and enhancing production capabilities to fill gaps in Shanghai's smartphone terminal capacity [2]. Group 4: Technological Advancements - The action plan calls for the establishment of an intelligent server terminal industry cluster, enhancing system optimization capabilities, and achieving a scale of 10 billion yuan [2]. - It highlights the need for strengthening the layout of AI chips for various terminal products, including mobile phones and computers, covering major technology routes like X86, ARM, and RISC-V [2]. Group 5: Market Potential - Experts predict that this year will be a year of explosive growth for intelligent terminals, with AI terminal shipments accounting for 42% of the global total in the first half of the year, and a projected 20% increase in shipments of AI smartphones, AIPC, and AI tablets for the entire year [3].

Core Insights - The Shanghai Municipal Economic and Information Commission released the "Action Plan for High-Quality Development of the Intelligent Terminal Industry (2026-2027)", aiming for the industry to exceed 300 billion yuan by 2027 and to establish over three globally influential consumer terminal brands [1][2] - The plan emphasizes the need for financial support through industry transformation funds and encourages collaboration between state-owned capital and private investments to bolster the intelligent terminal sector [1][2] - The government aims to enhance the production capacity of artificial intelligence computers, smartphones, and satellite terminals, with specific targets for annual production and market presence [2][3] Group 1 - The intelligent terminal industry in Shanghai is projected to surpass 300 billion yuan by 2027, with goals to produce over 10 million units each of AI computers, AI smartphones, and new AI terminals [1][2] - The plan includes the establishment of a robust financing framework to support terminal enterprises, leveraging state-owned capital and encouraging private investment [1][2] - The focus is on developing leading brands in AI computers and smartphones, with a push for traditional computer manufacturers to transition to AI capabilities [2][3] Group 2 - The initiative aims to create a cluster for intelligent computing server terminals, targeting a scale of 10 billion yuan and promoting the application of core components like GPUs [2] - There is a strong emphasis on building a competitive edge in satellite terminal production, with a goal of achieving a production scale of 100,000 units [2] - The plan also highlights the importance of advancing AI chip development across various terminal products, including smartphones and computers, to cover major technology routes [2][3] Group 3 - The Shanghai government is committed to fostering globally influential consumer terminal brands, focusing on technological advancements and collaboration across the supply chain [3] - Experts predict a significant growth year for AI terminals, with expectations that AI device shipments will increase by 20% this year, reflecting a strong market demand [3]

Core Viewpoint - The article discusses the "Shanghai Intelligent Terminal Industry High-Quality Development Action Plan (2026-2027)", which aims to enhance the development of the intelligent terminal industry in Shanghai, targeting a total scale exceeding 300 billion yuan by 2027 and establishing several globally influential consumer terminal brands [2][17]. Group 1: Key Actions for Core Product Development - Promote the rapid development of artificial intelligence computers, aiming to build a production base with an annual capacity of 10 million units and support the transformation of traditional computer production to AI computers [3][17]. - Develop artificial intelligence smartphone products to fill the gap in smartphone terminal capabilities and enhance interaction methods through AI [4][18]. - Enhance the scale of intelligent computing terminals by accelerating the deployment of edge computing machines and developing lightweight inference products [5][18]. - Strengthen the capabilities of humanoid robots, focusing on the development and mass production of emotionally intelligent robots [6][18]. - Support the advancement of smart glasses, creating a complete product matrix covering consumer, enterprise, and professional levels [7][19]. - Cultivate satellite internet terminal products to meet the needs of low-orbit satellite deployment and applications [8][20]. - Stimulate the vitality of the silver economy by supporting the development of innovative products for health monitoring and communication for the elderly [9][20]. - Launch industrial terminal products that adapt to advanced AI technology trends, promoting smart factory transformations [11][20]. - Accelerate the research and development of future terminals, focusing on next-generation mobile communication and quantum computing [12][21]. - Innovate new consumer terminal products, leveraging AI technology to create various smart devices [13][21]. Group 2: Key Technology Foundations - Strengthen the layout of edge AI chips to meet the demands of various terminal products, covering major technology routes [14][22]. - Improve the performance of edge models, supporting the development of competitive edge model products [15][22]. - Promote collaborative innovation between hardware and software to enhance the efficiency and energy efficiency of edge models [16][22]. - Enhance intelligent module capabilities by integrating multi-modal sensing and developing advanced automotive electronic modules [24][22]. - Promote the development of next-generation display technologies, focusing on lightweight, low-power, and high-resolution innovations [23][22]. Group 3: Industrial Ecosystem Optimization - Enhance the competitiveness of Shanghai's intelligent terminal brands through targeted policies and support for brand operations [16][24]. - Build large-scale production bases for intelligent terminals, improving support for technological upgrades and smart factory initiatives [17][24]. - Accelerate the formation of industrial agglomeration effects by fostering collaboration among key districts and creating competitive clusters [18][25]. - Increase financial support for the industry through investment funds and encourage participation from state-owned enterprises [19][25]. - Promote the application and integration of intelligent terminal products across various sectors, leveraging government procurement to drive innovation [20][25].

Core Insights - Shanghai's Economic and Information Technology Commission has released the "Shanghai Intelligent Terminal Industry High-Quality Development Action Plan (2026-2027)" aiming to enhance the city's intelligent terminal industry and brand recognition by 2027, targeting an overall scale exceeding 300 billion yuan and the establishment of three globally influential consumer terminal brands [20]. Group 1: Key Product Development Actions - Accelerate the development of artificial intelligence computers, aiming to establish a production base with an annual capacity of 10 million units and support the transition of traditional computers to AI computers [21]. - Develop artificial intelligence smartphone products to fill existing gaps in production capacity and enhance interaction methods through AI integration [21]. - Enhance the scale of intelligent computing terminals by promoting edge computing solutions and developing lightweight inference machines [21]. Group 2: Robotics and Smart Devices - Strengthen capabilities in humanoid robots, focusing on emotional intelligence and skills, while supporting the development of core components for mass production [22]. - Promote the advancement of smart glasses across AR, MR, and VR categories, creating a comprehensive product matrix for various market segments [22]. Group 3: Satellite and Elderly Care Technologies - Cultivate satellite internet terminal products to meet deployment needs of low-orbit satellite constellations, aiming for a production scale of 100,000 units [23]. - Stimulate the silver economy by supporting the development of AI-powered assistive devices for the elderly, enhancing their functionality and accessibility [23]. Group 4: Industrial and Future Technologies - Support the development of industrial terminal products that align with advanced AI technology trends, facilitating smart factory transformations [24]. - Accelerate research in next-generation technologies such as mobile communication, quantum computing, and photonic computing [24]. Group 5: Key Technology Foundations - Strengthen the layout of AI chips for various terminal products, focusing on SoC and CPU developments across major technology routes [25]. - Enhance the performance of edge models for intelligent terminals, ensuring competitive capabilities in various application scenarios [25]. Group 6: Industry Ecosystem Optimization - Improve the competitiveness of Shanghai's intelligent terminal brands through targeted policies and support for brand operations [28]. - Accelerate the formation of industrial clusters by fostering collaboration among key districts and promoting the development of competitive enterprises [29].

Core Viewpoint - The Shanghai Municipal Economic and Information Commission has issued the "Action Plan for High-Quality Development of the Intelligent Terminal Industry (2026-2027)", focusing on enhancing the scale of intelligent computing terminals [1] Group 1: Development Goals - The plan aims to accelerate the layout of edge computing integrated machines and develop lightweight inference integrated machine products that support large models [1] - It emphasizes the creation of plug-and-play artificial intelligence edge solutions to expedite AI empowerment across various industries [1] Group 2: Industry Cluster and Scale - The initiative seeks to build an intelligent computing server terminal industry cluster, enhancing the tuning capabilities of large-scale systems [1] - The goal is to gather high-quality domestic intelligent computing server manufacturers to achieve a scale of 100 billion [1] - It aims to drive the large-scale application of core components such as self-developed GPUs and interconnection modules [1]

Core Viewpoint - The Shanghai Municipal Economic and Information Commission has issued the "Action Plan for the High-Quality Development of the Smart Terminal Industry in Shanghai (2026-2027)", aiming to strengthen and expand the smart terminal industry in the city by 2027, with a target scale exceeding 300 billion yuan [1] Group 1 - By 2027, the overall scale of Shanghai's smart terminal industry is expected to exceed 300 billion yuan [1] - The plan aims to create more than three globally influential consumer terminal brands [1] - The initiative includes the cultivation of two leading enterprises in the smart terminal sector [1] Group 2 - The plan sets a goal for three categories of artificial intelligence terminals—AI computers, AI smartphones, and new AI terminals—to each reach a scale of over 10 million units [1]

Group 1: Party Building and Industry Development - The core idea is that party building can effectively drive high-quality development by integrating governance and industry growth through innovative practices [1][2] - Yuhang District has launched a "Party Building Joint Construction" initiative to strengthen the smart terminal industry chain, enhancing collaboration among upstream and downstream enterprises [2][3] - The implementation of the "1024" party building work method has led to the emergence of successful AI applications, showcasing the innovative vitality of AI across various sectors [3] Group 2: Community Governance and Social Services - In Binjiang, a transformation in grassroots governance is occurring through the integration of professional social work and volunteer services, guided by party building [4][6] - The Torch Community has developed a comprehensive service model that includes housing assistance and psychological support for employees, achieving a 100% response rate for housing needs [5][6] - The integration model of "professional social work + volunteer services" is being expanded across Binjiang, with a systematic guide released to standardize the approach [6][7]

Core Points - The company reported a significant decline in revenue for the fiscal year ending March 31, 2024, with total revenue approximately RMB 199 million, a year-on-year decrease of 78.1% [1] - Gross profit was approximately RMB 7.18 million, reflecting a 92.4% year-on-year decline [1] - The loss attributable to shareholders was approximately RMB 804 million, an increase of about 2.3 times compared to the previous year, with a basic loss per share of approximately RMB 1.149 [1] Revenue and Profit Analysis - The decrease in revenue was primarily due to a substantial drop in sales of smart terminal products, exacerbated by a series of negative chain reactions triggered by the company's liquidation petition, severely impacting normal business operations [1] - The gross profit margin has significantly contracted, indicating challenges in maintaining profitability amidst declining sales [1] Loss Breakdown - The loss was mainly attributed to several factors: - Impairment loss on receivables from discontinued subsidiaries amounting to approximately RMB 667 million (2023: zero) [1] - Cost of sales and services provided was approximately RMB 192 million (2023: RMB 813 million) [1] - Net impairment loss under expected credit loss model was approximately RMB 112 million (2023: RMB 151 million) [1] - Financial costs were approximately RMB 19.61 million (2023: RMB 19.75 million) [1] - Research and administrative expenses totaled approximately RMB 43.59 million (2023: RMB 98.96 million) [1] - Other net losses were approximately RMB 7.21 million (2023: RMB 54.59 million) [1]

Core Viewpoint - The company reported a significant decline in revenue and increased losses for the fiscal year ending March 31, 2024, primarily due to a sharp drop in sales of smart terminal products and negative repercussions from a liquidation petition [1] Financial Performance - Revenue for the year was approximately RMB 199 million, representing a year-on-year decrease of 78.1% [1] - Gross profit was approximately RMB 7.18 million, down 92.4% year-on-year [1] - Loss attributable to shareholders was approximately RMB 804 million, an increase of about 2.3 times compared to the previous year [1] - Basic loss per share was approximately RMB 1.149 [1] Loss Drivers - The loss was primarily attributed to: - Impairment loss on receivables from discontinued subsidiaries amounting to approximately RMB 667 million (2023: zero) [1] - Cost of sales and services provided was approximately RMB 192 million (2023: RMB 813 million) [1] - Net impairment loss under expected credit loss model was approximately RMB 112 million (2023: RMB 151 million) [1] - Financial costs were approximately RMB 19.61 million (2023: RMB 19.75 million) [1] - Total R&D and administrative expenses were approximately RMB 43.59 million (2023: RMB 98.96 million) [1] - Other net losses were approximately RMB 7.21 million (2023: RMB 54.59 million) [1]