阜博集团有限公司专注于数字内容资产保护与交易的SaaS服务，提供基于专利技术的数字指纹和水印解 决方案，助力影视、电视、流媒体等行业提升版权保护与发行收益。公司利用AI技术和Web3数字基础 设施，为全球内容创作者提供高效的数字资产保护和交易服务，推动产业价值链的有效传递。 8月13日，阜博集团(03738)盘中下跌2.38%，截至13:15，报5.33元/股，成交3.01亿元。 本文源自：金融界 作者：行情君 截至2024年年报，阜博集团营业总收入22.24亿元、净利润1.32亿元。 ...

里昂将金蝶的目标价由15.4港元上调至17.6港元，维持"跑赢大市"评级；将2025至2027年收入预测下调 1.3%、3.2%、5.2%，净利润率预测基本保持不变。 里昂发表研究报告指，金蝶国际上半年收入符合市场预期，主要受云订阅收入增长所推动，虽然云订阅 服务年经常性收入(ARR)略低于市场预期，但订阅相关负债增长稳健，显示其订阅模式发展稳定，毛利 率亦因业务结构改善而提升。 ...

每经AI快讯，有投资者在投资者互动平台提问：请问贵公司与华为集团在Ai推理领域有哪些技术合 作？目前在大模型方面有涉及ai人形机器人大模型吗？ 万兴科技（300624.SZ）8月13日在投资者互动平台表示，公司主业为数字创意软件产品的销售与服务， 暂不涉及机器人业务。 （文章来源：每日经济新闻） ...

本文源自：金融界 截至2024年年报，微盟集团营业总收入13.39亿元、净利润-17.28亿元。 8月20日，微盟集团将披露2025财年中报。 8月13日，微盟集团(02013)盘中上涨10.34%，截至10:33，报2.56元/股，成交4.52亿元。 微盟集团是中国的云端商业及营销解决方案提供商，主要为商家提供去中心化的数字化转型SaaS产品及 全链路增长服务，以助力商家经营可持续增长。微盟构建了WOS新商业操作系统，为企业数字化转型 打造出一整套去中心化的商业基础设施，并为开发者群体提供强大的PaaS平台，共同打造云端商业生态 体系。 作者：行情君 ...

作者：行情君 8月13日，有赞(08083)盘中上涨5.59%，截至10:35，报0.151元/股，成交1785.47万元。 8月12日，公司以每股0.142-0.144港元回购1838万股,回购金额262.3万港元。 有赞科技有限公司主要提供SaaS产品和服务，帮助商家通过在线卖货、社交营销及全渠道新零售拓展业 务，包括有赞微商城、有赞零售等。公司已进入电商SaaS的第三阶段，并持续推进行业深耕与生态建 设，提供定制化和增值服务，满足商家多样化需求。 本文源自：金融界 截至2025年中报，有赞营业总收入7.14亿元、净利润7274.2万元。 ...

Core Viewpoint - The company reported a total revenue of 3.19 billion RMB for H1 2025, showing an 11.2% year-on-year growth, with cloud service revenue growing by 11.9% to 2.67 billion RMB, indicating a strong performance despite a net loss [1] Group 1: Financial Performance - Total revenue for H1 2025 reached 3.19 billion RMB, slightly below Bloomberg consensus of 3.21 billion RMB, with a year-on-year growth of 11.2% [1] - Gross profit amounted to 2.095 billion RMB, reflecting a 15.4% year-on-year increase, resulting in a gross margin of 65.6%, surpassing the expected 65.2% [1] - The company reported a net loss attributable to shareholders of approximately 97.74 million RMB, worse than the expected loss of 72.53 million RMB, primarily due to a 39% increase in management expenses [1] Group 2: Subscription and Customer Growth - Cloud subscription revenue for H1 2025 was 1.684 billion RMB, a 22.1% increase year-on-year, accounting for 52.8% of total revenue [2] - The Annual Recurring Revenue (ARR) from cloud subscriptions grew by 18.5% to 3.73 billion RMB, with contract liabilities increasing by 24.7% to 3.38 billion RMB [2] - The company signed 304 new customers, including major firms like Geely Holding and Mengniu Group, contributing to a strong customer base expansion [2] Group 3: AI Commercialization and Product Development - The company disclosed that AI contract amounts exceeded 150 million RMB in H1 2025, indicating significant progress in AI commercialization [3] - New AI products were launched, including the Cloud AI Agent platform 2.0, enhancing operational efficiency for small and micro enterprises [3] - Active users of the AI assistant for small micro products reached 170,000, showcasing the growing adoption of AI solutions [3] Group 4: Profit Forecast and Valuation - The company adjusted its revenue forecasts for 2025-2027 to 6.9 billion, 7.7 billion, and 8.5 billion RMB, reflecting a slight downward revision due to macroeconomic impacts [3] - Net profit forecasts for 2025-2027 were raised to 160 million, 480 million, and 880 million RMB, indicating improved profitability outlook [3] - The company maintains a "buy" rating, emphasizing its leadership in the ERP market and the potential enhancement of product capabilities through AI [3]

Core Viewpoint - Kingdee International is optimistic about achieving profitability in 2025, driven by growth in cloud subscription services and AI efficiency improvements [1][2]. Financial Performance - In the first half of 2025, Kingdee recorded revenue of approximately 3.192 billion RMB, a year-on-year increase of about 11.2% [1]. - The company's gross margin improved by 2.4 percentage points to approximately 65.6% [1]. - The loss attributable to equity holders narrowed to approximately 98 million RMB [1]. - Cloud subscription revenue reached 1.684 billion RMB, up 22.1% year-on-year, while "products, implementation, and others" revenue was 1.508 billion RMB, a slight increase of 1.2% [2]. Operational Efficiency - The average revenue per employee increased by 19.4% year-on-year due to personnel structure optimization [1]. - Sales and marketing expense ratio and R&D expense ratio decreased, while administrative expense ratio increased by 2.1 percentage points to 10.8% due to personnel optimization and severance payments [3]. AI and SaaS Strategy - Kingdee's CEO believes that the "golden decade" of "AI + SaaS" is underway, with expectations that AI revenue will account for 30% or more by 2030 [1][5]. - The company has launched several AI-native products and aims to enhance its AI capabilities to drive SaaS applications in enterprises [5][6]. - The AI contract signing amount has exceeded 150 million RMB, indicating strong market interest [6]. Market Segmentation - Kingdee's cloud subscription business saw revenue growth across large, medium, and small enterprises, with large enterprises contributing approximately 276 million RMB, a year-on-year increase of about 41.1% [7]. - The company aims to increase the proportion of cloud subscription revenue, currently at 52.8%, to 80%-90% in the future, indicating significant growth potential in the large enterprise market [7].

| | | 8月13日A股投资避雷针 | | --- | --- | --- | | 类别 | 公司 | 主要内容 | | 股东减持 | 金科环境 | Victorious Jov Water Services Limited拟磁持不超1%股份 | | | 通用电梯 | 宁波宁紧拟减持不超1%股份 | | | 唐人神 | 股东大生行拟减持不超过993.44万股 | | | 麦捷科技 | 高管张照前、梁启新拟减持合计不超59.91万股 | | | 天化马 | 南京乐遂、南京优志拟合计减持不超过3.46%股份 | | | 曼卡龙 | 控股股东拟减持不超过3%股份 | | | 四方精创 | 控股股东及其一致行动人拟减持不超过2.25%股份 | | | 康华生物 | 川发精选3号拟减持不超过3%股份 | | | 惠泰医疗 | 副董事长、总经理成正辉拟大宗交易减持不超2%股份 | | | 科力装备 | 员工战略配售资管计划拟减持不超过2.45%股份 | | | 文投控股 | 东方弘远拟减持不超过1%股份 | | | 双一科技 | 控股股东王庆华及其一致行动人拟合计减持不超0.7923%股份 | | 其他 | 恒信东方 ...

里昂发布研报称，金蝶国际(00268)公布2025年上半年业绩，收入同比增长11.2%至31.92亿元人民币，基 本符合市场共识。金蝶首次披露2025年上半年云订阅收入为16.84亿元人民币，同比增长22.1%，年度经 常性收入达37.30亿元人民币，同比增长18.5%，环比增长8.7%。里昂表示，金蝶国际2025年上半年毛利 同比增15.4%至20.95亿元人民币，毛利率从2024年上半年的63.2%上升240个基点至2025年上半年的 65.6%，符合市场共识预期的65.2%。 ...

金山办公8月12日大宗交易平台出现一笔成交，成交量0.69万股，成交金额201.02万元，大宗交易成交价为290.07元。该笔交易的买方营业部为中 信证券股份有限公司上海分公司，卖方营业部为中信证券华南股份有限公司佛山分公司。 进一步统计，近3个月内该股累计发生4笔大宗交易，合计成交金额为1271.13万元。 证券时报•数据宝统计显示，金山办公今日收盘价为290.07元，下跌1.00%，日换手率为0.98%，成交额为13.22亿元，全天主力资金净流出3820.99 万元，近5日该股累计下跌6.40%，近5日资金合计净流出2.88亿元。 两融数据显示，该股最新融资余额为13.94亿元，近5日增加6980.69万元，增幅为5.27%。（数据宝） 8月12日金山办公大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日 收盘折溢价 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | | | | | | | | （%） | | | | 0.69 | 201.02 | 290.07 | | 0.00 中信 ...