格隆汇8月4日丨紫光股份(000938.SZ)在投资者互动平台表示，近期公司凭借在存储、算力与网络领域 的深厚积累，发布了覆盖具身智能训练全流程的解决方案，从数据存储到算力支撑，为具身智能落地提 供高性能的智能ICT基础设施。在数据存储领域的数据采集阶段，公司X10000系列分布式存储可应对仿 真数据、动捕数据的大规模存储需求，确保基础数据"存得下、存得稳"；进入训练阶段，X20000系列 高性能存储凭借高吞吐、低延迟特性，实现10亿帧级摇操数据的快速读写，让模型能够高效调用优质数 据进行学习。在算力支撑领域，公司通过高性能网络设备与多元异构的算力服务器，将分散的算力资源 高效整合，形成稳定、可靠的算力集群，不仅能提供海量算力，更能通过高效调度避免资源浪费。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担 全部责任。邮箱：news_center@staff.hexun.com ...

Core Viewpoint - The company has launched a comprehensive solution for embodied intelligence training, leveraging its expertise in storage, computing power, and networking to provide high-performance ICT infrastructure for the implementation of embodied intelligence [1] Group 1: Data Storage - The company’s X10000 series distributed storage addresses the large-scale storage needs for simulation and motion capture data, ensuring that foundational data can be stored reliably and securely [1] - During the training phase, the X20000 series high-performance storage enables rapid read and write of 1 billion frames of motion data, allowing models to efficiently access high-quality data for learning [1] Group 2: Computing Power Support - The company integrates dispersed computing resources through high-performance networking equipment and diverse heterogeneous computing servers, forming a stable and reliable computing cluster [1] - This setup not only provides massive computing power but also optimizes resource scheduling to prevent waste [1]

公司回答表示：您好，近期公司凭借在存储、算力与网络领域的深厚积累，发布了覆盖具身智能训练全 流程的解决方案，从数据存储到算力支撑，为具身智能落地提供高性能的智能ICT基础设施。在数据存 储领域的数据采集阶段，公司X10000系列分布式存储可应对仿真数据、动捕数据的大规模存储需求， 确保基础数据"存得下、存得稳"；进入训练阶段，X20000系列高性能存储凭借高吞吐、低延迟特性， 实现10亿帧级摇操数据的快速读写，让模型能够高效调用优质数据进行学习。在算力支撑领域，公司通 过高性能网络设备与多元异构的算力服务器，将分散的算力资源高效整合，形成稳定、可靠的算力集 群，不仅能提供海量算力，更能通过高效调度避免资源浪费。 金融界8月4日消息，有投资者在互动平台向紫光股份提问：董秘您好，请问贵公司控股公司新华三发布 的具身智能解决方案，能否适配人形机器人？谢谢。 ...

Group 1 - Sichuan Changhong announced its first share repurchase on August 1, 2025, through centralized bidding, repurchasing approximately 210,000 shares, which represents 0.0045% of the total share capital as of the announcement date [2] - The repurchase price was set at RMB 9.69 per share, with a total payment of approximately RMB 2 million [2] Group 2 - For the year 2024, Sichuan Changhong's revenue composition is as follows: home appliances accounted for 43.49%, ICT products and services for 35.57%, general equipment manufacturing for 9.75%, intermediate products for 3.04%, and military-civilian integration for 1.9% [2]

Summary of Conference Call Records Company and Industry Overview - The conference call primarily discusses the performance and strategic direction of a defense-related company and the ICT (Information and Communication Technology) industry, highlighting growth opportunities and challenges in the current market environment [1][2][4][5]. Key Points and Arguments Financial Performance - The defense sector reported approximately 20% growth in revenue and monetary supply management in Q1 of the current year [1]. - The company aims to accelerate overseas business development and enhance capital strength, with plans to list on the Hong Kong main board [1]. - The ICT industry is facing challenges, but there was a notable increase in demand for ICT services in Asia last year [2]. Strategic Initiatives - The company is focusing on optimizing product architecture and cost management, resulting in a decrease in expenses by 7.17% and a total cost reduction of 5.31 billion yuan [3]. - A goal was set to achieve 7.1 billion yuan in revenue by 2024, with an overall growth target of 11 billion yuan [4]. Market Dynamics - The international economic landscape is evolving, with increasing favorable policies impacting the ICT sector [2]. - The company is actively engaging in partnerships with domestic GPU manufacturers to expand market opportunities and enhance local deployment capabilities [15][16]. Challenges and Risks - The ongoing US-China trade tensions and tariff wars are creating uncertainties, particularly affecting the supply chain and market dynamics for high-end chips [24][26]. - The company acknowledges the challenges posed by restrictions on advanced chip exports from the US, but remains optimistic about long-term collaboration with NVIDIA and other partners [14][15][17]. Future Outlook - The company anticipates significant growth in AI applications and infrastructure, with a focus on enhancing service capabilities in sectors like healthcare and government [19][20]. - There is a strong emphasis on expanding international markets, with a target to increase overseas revenue significantly over the next few years [32][34]. Additional Important Content - The conference highlighted the importance of adapting to market changes and leveraging technological advancements to maintain competitive advantages [20][21]. - The company is committed to continuous innovation and collaboration with various stakeholders to navigate the evolving landscape of the ICT industry [40][54]. This summary encapsulates the essential insights from the conference call, focusing on financial performance, strategic initiatives, market dynamics, challenges, and future outlook.

证券代码：603929 证券简称：亚翔集成 公告编号：2025-025 亚翔系统集成科技（苏州）股份有限公司 关于公司对外投资产业基金的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带责任。 重要内容提示： （三）其他说明 ? 投资标的名称：厦门联和四期集成电路产业创业投资基金合伙企业（有 限合伙） （以下简称"联和四期基金" ，最终以工商登记名称为准） 一、对外投资概述 （一）对外投资的基本情况 基于战略发展规划及产业布局需要，公司拟作为有限合伙人以自有资金 认缴出资人民币 2000 万元，参与投资联和四期基金。该基金主要投资于半 导体产业、ICT 产业、新材料产业及其他先进制造业领域，目标募集规模为 人民币 50,000 万元，存续期限为【5+2+2】年（投资期 5 年，退出期 2 年， 可延长 2 年） （二）对外投资的决策与审批程序 本次交易已经公司第六届董事会第八次会议审议通过，根据《公司章程》 及相关规定，无需提交公司股东大会审议。 根据《上海证券交易所股票上市规则》 、《公司章程》等有关规定，本次 交易不涉 ...

Core Viewpoint - The establishment of three industry colleges by Guangzhou Applied Technology University in collaboration with leading companies like Huawei, iFlytek, and UBTECH aims to enhance the integration of education and industry, addressing the demands of the digital economy and AI revolution [1][6]. Group 1: Industry Colleges Overview - The three industry colleges include the Smart Industry College (Huawei ICT College), iFlytek AI Industry College, and UBTECH Intelligent Robotics Industry College, with a total enrollment plan of 1,000 students in 2025 [1][6]. - These colleges represent a significant step in aligning the university's educational approach with national innovation strategies and the development of the Guangdong-Hong Kong-Macao Greater Bay Area [1][6]. Group 2: Educational Framework and Collaboration - The colleges aim to break traditional school-enterprise cooperation models by establishing a new collaborative framework focused on "joint talent cultivation, shared management processes, and shared outcomes" [2]. - Jointly developed talent training programs and standards will closely align with industry needs, utilizing advanced resources from Huawei, iFlytek, and UBTECH [2]. Group 3: Specific Programs and Enrollment Plans - The Smart Industry College will offer three innovative classes, including the Huawei AI Innovation Class (200 students), Huawei Big Data Innovation Class (100 students), and Huawei Harmony Innovation Class (100 students), all set to enroll in 2025 [3]. - The iFlytek AI Industry College will focus on software engineering with a target of 300 students, emphasizing AI applications and practical training [4]. - The UBTECH Intelligent Robotics Industry College will introduce two majors: Robotics Engineering (200 students) and Automation (100 students), with a focus on smart logistics and core robotics technologies [5]. Group 4: Strategic Impact on Regional Development - The establishment of these industry colleges is a strategic move to optimize academic ecosystems, empower industrial upgrades, and support national strategies, particularly in the fields of ICT, AI, and robotics [6]. - The colleges are expected to address the talent gap in the Greater Bay Area by providing nearly 1,000 practical talents annually, contributing to the development of a world-class digital industry cluster [6].

Core Insights - The steel industry in China is undergoing a significant transformation through the integration of information technology, highlighted by the launch of the "Yuanye Steel Model" in collaboration with Huawei [1][6] - Nanjing Steel Group aims to become an internationally respected enterprise by fully digitizing its operations and exploring new business models, focusing on both "industrial intelligence" and "intelligent industry" [3] - The company has established a unique digital operation management system, enhancing capabilities in energy management, quality control, delivery efficiency, cost control, and procurement marketing [3][6] Digital Transformation - Nanjing Steel's digital transformation journey includes the implementation of a "one brain, three centers" management system, achieving comprehensive process integration from production to operations [3] - The company has initiated data governance and is among the first to include data assets in financial statements, receiving accolades in national data competitions [3] Intelligent Development - The "Artificial Intelligence Hundred Scenes Thousand Models" initiative has led to the development of over 120 AI models, significantly boosting the company's resilience [4] - A collaborative effort with Huawei aims to accelerate the intelligent transformation of the steel industry through the "Steel Big Model Hundred-Day Campaign" [4] Innovation in Data Management - The launch of the "Yuanye Steel Model" signifies a major step in Nanjing Steel's digital transformation, integrating various AI models with industry mechanisms to create a dual-driven intelligent model cluster [6] - The company has built a "cloud-edge-end" big data platform for data aggregation and real-time monitoring, ensuring data quality and reliability [6] Achievements in Smart Manufacturing - Nanjing Steel has achieved notable results in smart R&D and quality control, reducing R&D costs and time through AI capabilities [8] - The application of mechanical performance prediction models has improved product yield and delivery efficiency, while visual models have enhanced quality inspection processes [8]

Core Viewpoint - The company, 伟仕佳杰, is positioned as a leading technology service platform in the ICT industry within the Asia-Pacific region, benefiting from the AI wave and the digital transformation of enterprises, with a recovery in demand and emerging growth in Southeast Asia's computing power export [1]. Investment Highlights - The company is initiating coverage with a "Buy" rating, projecting revenues of HKD 1030.30 million, HKD 1183.70 million, and HKD 1365.14 million for 2025-2027, reflecting year-on-year growth of +15.7%, +14.9%, and +15.3% respectively, with EPS of HKD 0.86, HKD 1.08, and HKD 1.43 [2]. Company Overview - 伟仕佳杰 is a significant technology product channel developer and technical solution integrator in the Asia-Pacific region, with a service network covering the Belt and Road Initiative, serving 1.9 billion people through 50,000 channel partners. The company collaborates with over 300 Fortune 500 technology firms, including Huawei, Alibaba, and Microsoft, across twelve key areas such as cloud computing, AI, data storage, and cybersecurity. The financial data indicates a CAGR of 7.7% in revenue and 9.9% in net profit from 2015 to 2024, with a 16-17% year-on-year revenue growth and a 28-29% increase in net profit attributable to shareholders in Q1 2025 [3]. Logical Framework - The traditional business is benefiting from the AI wave, with the company’s AI computing power management platform and other systems upgraded to adapt to DeepSeek's full series of large models. The company employs a dual-driven strategy of "full-stack services + ecological collaboration" to create a comprehensive cloud service system [4]. - The company has established a strong presence in the Southeast Asian market through a localized operational model, maintaining stable core management and long-term strategic partnerships with upstream and downstream ecosystem partners. It has built a vast and reliable channel network, ranking high in market shares across Thailand, Singapore, Indonesia, the Philippines, and Malaysia, supporting numerous leading domestic technology brands in their overseas expansion [4].

Core Viewpoint - The next major company to complete the "A+H" dual-platform layout after CATL and Hengrui Medicine is expected to be Unisplendour Corporation Limited, which is planning to list in Hong Kong [1] Group 1: Company Overview - Unisplendour, formerly known as Tsinghua Unisplendour, was listed on the Shenzhen Stock Exchange in November 1999 and is a leading provider of digital and AI solutions, offering a full-stack intelligent ICT infrastructure [1] - According to Frost & Sullivan, Unisplendour ranks third in China's digital infrastructure market and second in both the networking and computing/storage infrastructure markets as of 2024 [1] Group 2: Financial Performance - Unisplendour's revenue has shown growth from 737.52 billion yuan in 2022 to an expected 790.24 billion yuan in 2024, but net profit has declined from 21.58 billion yuan to 15.72 billion yuan during the same period [3] - The company's gross margin has decreased from 19.8% in 2022 to 16% in 2024, with significant declines in various business segments [4] Group 3: Debt and Financing - The company aims to deepen its global strategy and enhance its international brand image through its planned secondary listing in Hong Kong, as it faces increasing debt pressure [5] - Unisplendour's total liabilities rose from 362.4 billion yuan in 2022 to 727 billion yuan in 2024, with a capital debt ratio increasing from 15.9% to 132% [6] Group 4: Market Strategy - The company plans to use the funds raised from the IPO for R&D in high-performance computing centers, cloud and AI solutions, strategic investments, acquisitions, and general operational expenses [1] - Unisplendour's international business, particularly through its subsidiary H3C, has shown promising growth, with international revenue increasing significantly in recent quarters [5]