Core Points - The A-share market's three major indices closed mixed, with the CSI Hong Kong-Shenzhen Brand Consumption 50 Index down by 0.77% to 2806.58 points, with a trading volume of 28.875 billion yuan [1] - Over the past month, the CSI Hong Kong-Shenzhen Brand Consumption 50 Index has decreased by 5.34%, increased by 3.82% over the past three months, and has risen by 2.24% year-to-date [1] - The index comprises 50 leading consumer companies from the mainland and Hong Kong markets, selected based on profitability and growth characteristics, reflecting the overall performance of leading consumer companies in the three regions [1] Index Composition - The top ten holdings of the CSI Hong Kong-Shenzhen Brand Consumption 50 Index are: Gree Electric Appliances (10.7%), Kweichow Moutai (10.27%), Midea Group (9.01%), Wuliangye (8.93%), Yili Group (6.18%), Kuaishou-W (6.13%), Anta Sports (5.48%), Master Kong (4.04%), Shanxi Fenjiu (3.37%), and Nongfu Spring (3.36%) [1] - The market share of the index's holdings is distributed as follows: Hong Kong Stock Exchange 35.42%, Shanghai Stock Exchange 32.76%, and Shenzhen Stock Exchange 31.82% [1] Industry Breakdown - The industry composition of the index's sample includes: primary consumption 47.76%, discretionary consumption 41.57%, telecommunications services 8.54%, and information technology 2.13% [2] - The index samples are adjusted semi-annually, with adjustments implemented on the next trading day following the second Friday of June and December each year [2] - In special circumstances, the index may undergo temporary adjustments, such as when a sample company is delisted or undergoes mergers, acquisitions, or splits [2] Fund Tracking - Public funds tracking the SHS Brand Consumption 50 include the Huatai-PineBridge CSI Hong Kong-Shenzhen Brand Consumption 50 ETF [3]

Financial Performance - The company reported a basic earnings per share of -0.0378 yuan for 2024, an improvement of 71.75% compared to -0.1338 yuan in 2023 [1] - The net profit for 2024 was -0.35 billion yuan, showing a significant reduction of 72% from -1.25 billion yuan in 2023 [1] - The return on equity (ROE) improved to -30.02% in 2024 from -63.15% in 2023, indicating a positive trend [1] - Operating revenue increased to 14.63 billion yuan in 2024, a growth of 2.38% from 14.29 billion yuan in 2023 [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 30,480.87 million shares, accounting for 35.04% of the circulating shares, with an increase of 409.73 million shares compared to the previous period [2] - The largest shareholder, Xiaochang Yingxi Valley Investment Center, holds 21,172.11 million shares, representing 24.34% of the total share capital, with no change in holdings [3] - New shareholders include Wang Xunmeng, Chen Xiru, and Huang Haibin, each holding 748.00 million, 740.00 million, and 693.00 million shares respectively [3] Dividend Policy - The company has announced no distribution or capital increase for the current period [4]

宜通世纪（300310）公告，公司成为2025-2026年广东联通综合代维5G采购项目的中标单位。项目服务 内容包括综合代维、政企装拆移机、修理等8个专业维护服务，以及广东联通线路及配套更新改造服 务。中标规模合计为1.48亿元(不含税)，其中非承建区标段6中标占比14.00%，中标金额为6970万元；承 建区标段5中标占比15.61%，中标金额为7800万元。此次中选符合公司的业务发展规划，若能签订正式 合同并顺利实施，将对公司未来在广东的业务量增长和进一步拓展有积极意义。 ...

中移（上海）产业研究院产业拓展部副总经理俞建军发表"构建万象智航低空导航网产品，赋能低空经济高质量发展"主旨演讲，介绍了中移（上海）产业研 究院依托5G-A通感一体、北斗高精定位、数字孪生地图、AI大模型等核心技术，构建"万象智航"低空导航网产品，为高密度大频次复杂飞行场景提供 精准 导航、安全守航、智能护航 服务，让低空飞行像地面交通一样安全有序。 "万象智航"低空导航网产品具备三大核心优势。 一、 " 导得准 "：基于全球规模最大5G+北斗高精度定位网络，可提供地基、星基的厘米级定位服务，水平精 度达2-5cm，高程精度达2-8cm，保障飞行器按照既定航线精准飞行并航线保持，空域利用率提升4倍以上，支撑空巡综治贴边飞行、物流精准投放等场景, 让 每架低空飞行器 " 不迷路 "； 二、 " 看得清 " ： 通过全域三维航图，实时映射空域动态，结合AI建模技术实现地形、建筑、通信、气象等数据可视化与冲突检 测， 让每片空域一张图看得清；三、 " 算得深 " ： 基于上研院在工业/交通等行业多年深耕积累，低空算法准确率95%+，开放50+低空场景预训练算法，构建 低空AI智能体，实现目标识别优化、空域健康度分析 ...

4月10日，2025中国移动云智算大会智算基础设施及安全分论坛揭幕。本次分论坛以"智算启新、安 全筑基"为主题，分论坛上，中国移动正式发布了"网信安全生态合作计划"，提出以"一三三九"安全生 态体系为核心，联合产业伙伴共建开放融合的网信安全新格局。该计划旨在通过技术创新、产业协同与 生态共建，有力应对数智化浪潮下的安全新挑战，聚合融通产业链、价值链与生态圈价值，为算力网 络、人工智能等前沿领域高质量发展构筑坚实安全屏障。 据介绍，该体系包含一个聚合平台，三个要素圈，三个能力载体和九个重点发力点。 "一个聚合平台"即网信安全生态联合创新平台，集成安全驾驶舱、生态合作管理功能，利用人工智 能技术提供重点能力精准供需对接。 未来，中国移动将分三步逐步实现生态目标：2025年打通供需通道，2026年深化产业联合创新， 2027年全面实现共链创新。截至目前，中国移动已与70余家生态企业建立深度合作，今后将持续发挥稳 链、补链、强链作用，领航智算时代、护航数字未来。（垚墨） "三个要素圈"包括科技创新生态圈、产品服务生态圈、投资孵化生态圈，以智能数据分析实现"三 圈联动"。 "三个能力载体"指产品测评平台、安全研究机构、 ...

白皮书从终端、网络、平台、应用4个层面剖析典型安全风险和场景化安全需求；结合高精导航网、无人机SIM卡等运营商特色能力，构建出"一体两翼四 域"低空安全体系。针对AI+四域安全提出15项安全能力技术方案，提供标准制度、人员培训等4个维度合规管理建议。同时，中国移动联合生态合作伙伴， 在低空城市公共安全、低空医疗应急救援、机场空域安全防护等多项典型场景中应用相关产品能力，沉淀标准解决方案，并形成多个低空安全管控与治理样 板间。 未来，中国移动将继续发挥央企"三个作用"，持续完善低空管理机制、健全安全技术手段、强化合作监管能力、提升业务保障水平。协同低空产业链、安全 生态圈合作伙伴，筑牢低空网络与信息安全屏障，护航低空经济高质量发展。 本次发布的白皮书是由中国移动网络与信息安全管理部牵头，中移（上海）信息通信科技有限公司、中国移动江苏有限公司、中移（成都）信息通信科技有 限公司、中移互联网有限公司、北京天融信网络安全技术有限公司、中兴通讯股份有限公司、华为技术有限公司、武汉大学等多家单位共同完成。（田心） 2025年4月10日，在苏州金鸡湖国际会议中心举办的2025中国移动云智算大会"智算基础设施及安全"分论坛上 ...

Group 1: Convertible Bonds Market - The convertible bond market outperformed the equity market in Q1 2025, with a continuous decline in the outstanding scale since Q4 2023 [1] - During the 2018-2019 US-China tariff conflict, the convertible bond market showed a significant advantage over the equity market, with a nearly 25% increase in the convertible bond equal-weight index compared to a slight increase in the CSI 300 index [1] - The current market environment emphasizes the need for defensive strategies before making allocation decisions [1] Group 2: Insurance Sector - The adjustment of regulatory ratios for insurance funds is expected to accelerate the entry of long-term capital into the equity market, supporting economic stabilization and recovery [2] - The anticipated recovery in economic expectations and capital market conditions may lead to a sustained beta performance in insurance stocks [2] Group 3: Surgical Robot Industry - The surgical robot industry has significant potential with low penetration rates and strong growth drivers, supported by high technical and financial barriers [3] - Companies in this sector are expected to maintain revenue sustainability and profitability, with a focus on treatment rather than diagnostics [3] - Specific companies to watch include MicroPort Robotics, Kangji Medical, and Weigao Group, among others [3] Group 4: Chemical and Fertilizer Sector - The report maintains a positive outlook on the fertilizer and pesticide sectors, particularly under the backdrop of tariff countermeasures [4] - Recommendations include focusing on undervalued, high-dividend, and well-performing companies in the "three barrels of oil" and oil service sectors, as well as domestic semiconductor and panel material companies [4] Group 5: Oil and Gas Companies - China National Offshore Oil Corporation (CNOOC) plans to increase its stake in the company, with a proposed investment of no less than RMB 20 billion and no more than RMB 40 billion over the next 12 months [6] - China Petroleum & Chemical Corporation (Sinopec) also plans a similar increase in its shares, with an investment range of RMB 20 billion to RMB 30 billion [6] Group 6: Construction Sector - Honglu Steel Structure reported a significant increase in order intake and production in Q1 2025, indicating improved operational efficiency due to smart upgrades [7] - The focus will be on monitoring the monthly capacity utilization rate to see if it surpasses 100% [7] Group 7: Telecommunications Sector - China Communication Services reported a slight revenue increase of 0.9% year-on-year for 2024, with a net profit of RMB 3.607 billion [8] - The company is expected to benefit from opportunities in AI computing and digital transformation, maintaining a positive growth outlook [8] Group 8: Pharmaceutical Sector - Guoshengtang's rapid growth is attributed to its AI initiatives and expansion plans, with adjusted net profit forecasts for 2025-2026 being RMB 493 million and RMB 594 million respectively [9] - The company is well-positioned to benefit from aging demographics and supportive policies in traditional Chinese medicine [9] Group 9: Home Appliance Sector - Gree Electric Appliances shows strong defensive attributes with ongoing operational changes expected to enhance performance, maintaining net profit forecasts for 2024-2026 at RMB 30.3 billion, RMB 32.9 billion, and RMB 36.4 billion respectively [10] - Midea Group's solid market position and efficiency improvements are projected to lead to net profits of RMB 43 billion, RMB 47.5 billion, and RMB 51.8 billion for 2025-2027 [11]

国脉科技（002093）公告，2025年第一季度预计归属于上市公司股东的净利润为8800万元-9800万元， 同比上年同期的5864.5万元增长50.06%-67.11%。扣除非经常性损益后的净利润预计为4000万元-5000万 元，同比上年同期的3495.36万元增长14.44%-43.05%。基本每股收益预计为0.0887元/股-0.0988元/股， 同比上年同期的0.0585元/股增长。公司业务持续向好发展，净利润环比增长超300%，同时"国脉大学养 老"平台曝光量迅速突破百万。 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future investment returns [6]. Core Insights - The company achieved a revenue of 150 billion RMB in 2024, reflecting a year-on-year growth of 0.9%, driven by the Application, Content, and Other Services (ACO) and strategic emerging businesses [1]. - Gross profit reached 17.596 billion RMB, with a gross margin of 11.7%, marking a 0.1 percentage point increase year-on-year, indicating a consistent improvement in profitability [1]. - The net profit attributable to shareholders was 3.607 billion RMB, a 0.6% increase year-on-year, maintaining a net profit margin of 2.4% [1]. - The company reported a significant increase in free cash flow, which rose by 20.4% to 5.214 billion RMB, demonstrating strong cash flow management [1]. Revenue Breakdown - The operator market generated 83.6 billion RMB in revenue, up 2.3% year-on-year, with ACO growing by 9.4% [2]. - The non-operator customer market saw a decline in revenue to 62.2 billion RMB, down 2% year-on-year, attributed to cautious customer investments [2]. - The overseas market revenue reached 4.2 billion RMB, a robust growth of 22.3% year-on-year, with a focus on expanding into Latin America [2]. Business Segment Performance - The Telecommunications Infrastructure Services (TIS) segment generated 75.1 billion RMB, a decrease of 1.3% year-on-year, while overseas TIS revenue grew by 17.5% [3]. - The Business Process Outsourcing (BPO) segment reported 43.5 billion RMB, a slight decline of 0.2% year-on-year, with a focus on optimizing the revenue structure [3]. - The ACO segment achieved 31.4 billion RMB in revenue, marking an 8.4% increase year-on-year, becoming the primary driver of revenue growth [3]. Strategic Emerging Business - The strategic emerging business saw new contract signings increase by over 30%, accounting for 37% of total new contracts, indicating a strong future growth driver [4]. - In digital infrastructure, the company secured multiple projects, with contract revenue exceeding 20 billion RMB and a growth rate of over 30% [4]. - The green low-carbon sector also showed promising growth, with new contract signings increasing by over 25% [4]. Financial Forecast and Valuation - The report adjusts the net profit forecasts for 2025 and 2026 down by 7% and 9% respectively, now projecting net profits of 3.712 billion RMB and 3.788 billion RMB [4]. - The earnings per share (EPS) is expected to grow to 0.54, 0.55, and 0.57 RMB for 2025, 2026, and 2027 respectively [5]. - The company is positioned to capitalize on opportunities in AI computing and industrial digital transformation, supporting the "Buy" rating [4].

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 特别提示： 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000889 证券简称：ST中嘉 公告编号：2025-20 中嘉博创信息技术股份有限公司 关于全资子公司中标公示的提示性公告 1．本项目公示期已满，公司能否取得《中标通知书》并最终签署正式合同存在一定的不确定性。 2．本项目最终中标金额以正式签署的合同为准，可能存在最后金额总量不及预估的情形，敬请广大投 资者注意投资风险。 近日，中国联通采购与招标网(http://www.chinaunicombidding.cn/)发布了《2025-2026年广东联通综合代 维5G(承建/非承建区)采购项目中标候选人公示》，中嘉博创信息技术股份有限公司(以下简称"公司")的 全资子公司广东长实通信科技有限公司(以下简称"长实通信")为上述项目中标候选人，整个服务周期中 标规模合计16,300万元(不含税)。现对相关情况公告如下: 一、中标项目的基本情况 1、项目名称：2025-2026年广东联通综合代维5G（承建/非承建区）采购项目 2、项目服务内容：为广 ...