| 权益类证券大宗交易(协议交易) | | | | | | 团 下载 | | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 (万股/万份) | 成交金额 买方营业部 (万元) | 卖方营业部 | | 2025-09-18 | 300857 | 协创数据 | 134.08 | 7.70 | 1,032.42 中国银河证券股份 | 中国银河证券股份 | | | | | | | 有限公司北京苏州 | 有限公司北京苏州 | | | | | | | 街证卷壹业部 | 街示卷型业部 | 9月18日，协创数据大宗交易成交7.7万股，成交额1032.42万元，占当日总成交额的0.23%，成交价 134.08元，较市场收盘价163.01元折价17.75%。 ...

Core Viewpoint - Zhongke Tongda (688038.SH) reported a significant decline in revenue and net profit for the first half of 2025, indicating ongoing financial challenges for the company [1] Financial Performance - The company achieved operating revenue of 82.88 million yuan, a year-on-year decrease of 51.96% [1] - The net profit attributable to shareholders was -849,800 yuan, a year-on-year decrease of 112.14% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -1.98 million yuan, a year-on-year decrease of 130.87% [1] - The net cash flow from operating activities was 29.49 million yuan, compared to -48.58 million yuan in the same period last year [1] Historical Financial Data - The net profit attributable to shareholders for the years 2022, 2023, and 2024 were -8.44 million yuan, -103 million yuan, and -18.10 million yuan respectively [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the same years were -19.33 million yuan, -108 million yuan, and -19.69 million yuan respectively [1] IPO and Fundraising - Zhongke Tongda was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 13, 2021, with an issuance of 29.09 million shares at a price of 8.60 yuan per share [1] - The total amount raised during the IPO was 250 million yuan, with a net amount of 199 million yuan after deducting issuance costs, which was 181 million yuan less than the original plan of 380 million yuan [2] - The total issuance costs amounted to 51.19 million yuan, with Haitong Securities receiving 32.47 million yuan as underwriting fees [2]

Core Viewpoint - The company focuses on virtual simulation education and training, leveraging digital and intelligent technologies to cultivate high-skilled talent across various sectors, including rail transportation and emergency safety [1][4]. Group 1: Financial Performance - In 2024, the company achieved revenue of 384 million yuan (+7.84%) and a net profit of 55 million yuan (+9.12%), marking three consecutive years of positive growth [2]. - In the first half of 2025, the company reported revenue of 102 million yuan, a decrease of 7.98% year-on-year, primarily due to extended project delivery cycles and increased depreciation costs [2]. - The company plans to achieve revenues of 418 million yuan, 480 million yuan, and 572 million yuan from 2025 to 2027, with corresponding net profits of 56 million yuan, 66 million yuan, and 79 million yuan [8]. Group 2: Strategic Initiatives - The company is implementing a "multi-faceted" development strategy, optimizing its business structure through technological collaboration and resource integration, with a focus on aircraft maintenance products and urban rail transit markets [2]. - The company has seen a significant increase in orders from metro clients, with a year-on-year growth of 253.37%, becoming a key driver of business growth [2]. - The company collaborates with the National Intelligent Connected Vehicle Innovation Center to explore new market opportunities [2]. Group 3: Technological Advancements - The company has developed a modular virtual simulation technology platform, JanVR, which supports rapid development and functionality expansion for various applications, including military simulations [4]. - The company’s military simulation business has established a comprehensive product matrix covering land, sea, and air forces, catering to diverse training needs [4]. - The company is advancing an AI vocational education platform aimed at providing personalized learning experiences and optimizing course offerings based on data analysis [6]. Group 4: International Collaboration - The company is a key player in the "Luban Workshop" initiative, which promotes international vocational education cooperation, having established 34 workshops in 30 countries since 2016 [5]. - The company has participated in building vocational training facilities in Laos and Thailand, enhancing its international presence in technical training [5]. - The company is set to support the upcoming World Skills Competition and the National Skills Competition, which are expected to enhance its market visibility and performance [7].

Group 1 - The core viewpoint of the articles highlights the growth of Guangzhou's service industry, with a reported revenue increase of 8.7% year-on-year for the first half of the year [1] - Key sectors such as internet, software, and information technology services saw a revenue growth of 7.9%, while leasing and business services grew by 12.4% [1] - The cultural and sports industries also thrived, with cultural arts and sports sectors growing by 9.7% and 17.6% respectively [1] Group 2 - Guangzhou is focusing on cross-border economic needs, particularly in the healthcare sector, with initiatives like "Hong Kong-Macao Drug and Medical Device Access" facilitating faster access to urgently needed drugs and medical devices [1] - The city has introduced measures to enhance service consumption, including 23 specific initiatives and 107 tasks across various sectors such as commerce, culture, sports, and health [2] - The establishment of a world-class horse industry economic circle in collaboration with Hong Kong is also noteworthy, featuring a state-of-the-art training center and innovative cross-border transportation for horse racing [2]

Market Overview - On September 17, 2025, the A-share market saw all three major indices rise, with the Shanghai Composite Index closing at 3876.34 points, up 0.37%. The Shenzhen Component Index rose 1.16% to 13215.46 points, and the ChiNext Index increased by 1.95% to 3147.34 points. Despite the overall rise, more than 2700 stocks declined, with total trading volume reaching 2.38 trillion yuan, an increase of 35.3 billion yuan from the previous trading day [1][5] - The Hong Kong stock market opened high and continued to rise, with the Hang Seng Index gaining 1.78% or 469.88 points, closing at 26908.39 points. The total trading volume was 360.284 billion HKD, while the Hang Seng China Enterprises Index rose 2.24% to 9596.77 points, and the Hang Seng Tech Index surged 4.22% to 6334.24 points [1][5] - In the U.S., the Federal Reserve lowered interest rates by 25 basis points, leading to mixed results in the stock market. The Dow Jones Industrial Average rose by 260.42 points, or 0.57%, closing at 46018.32 points, while the Nasdaq fell by 72.63 points, or 0.33%, to 22261.33 points, and the S&P 500 decreased by 6.41 points, or 0.10%, to 6600.35 points [1][5] Fiscal Data - The Ministry of Finance reported that from January to August 2025, the national general public budget revenue reached 148198 billion yuan, a year-on-year increase of 0.3%. Tax revenue was 121085 billion yuan, showing a slight increase of 0.02%, while non-tax revenue was 27113 billion yuan, up 1.5%. Central government revenue was 64268 billion yuan, down 1.7%, while local government revenue increased by 1.8% to 83930 billion yuan [2][6] Consumer Initiatives - The Ministry of Commerce announced plans to conduct pilot projects for new consumption formats, models, and scenarios in approximately 50 cities. This initiative aims to enhance quality consumption supply, innovate diverse consumption scenarios, and better meet the varied consumption needs of the public, thereby supporting high-quality economic development [2][6] Financial Market Reforms - Hong Kong's Chief Executive, John Lee, proposed exploring the reduction of the stock settlement cycle to T+1 and promoting more overseas companies to list in Hong Kong. The government aims to assist mainland tech companies in financing and enhance financial support for national technological development [3][7] Automotive Industry Standards - The Ministry of Industry and Information Technology is seeking public input on mandatory national standards for intelligent connected vehicles, focusing on safety requirements for combined driving assistance systems. The proposed standards include comprehensive safety technical requirements and mechanisms for detecting driver disengagement, ensuring a robust safety framework for the industry [3][7]

证券日报网讯天亿马（301178）9月17日在互动平台回答投资者提问时表示，公司算力业务主要根据客 户需求配置相应硬件产品。品牌建设方面，公司将综合考虑自身的实际情况、未来发展战略、市场需求 以及行业发展趋势来决定。 ...

重庆惠程信息科技股份有限公司（*ST惠程）发布累计诉讼及仲裁公告。截至公告披露日，公司及子公 司连续十二个月累计新增未披露小额诉讼仲裁事项涉及金额达1012.74万元，公司及子公司均为被告。 其中，3起主要诉讼涉案金额625.60万元，另有40项涉案金额小于100万元的小额诉讼、仲裁事项。部分 案件已调解、宣判，部分尚在审理或未开庭。公司2024年度经审计净资产为 -5482.35万元，此次诉讼对 公司利润影响不确定，公司将依法维护权益并及时披露进展，提醒投资者注意风险。 ...

Company Overview - The company focuses on virtual simulation training solutions, promoting virtual reality and simulation technology in vocational education and training, aiming to cultivate skilled professionals [2] - The business primarily targets two areas: rail transit training (79% of revenue in 2024) and emergency safety (21% of revenue in 2024) [2] - In 2024, the company achieved a revenue of 384 million yuan and a net profit attributable to shareholders of 54.93 million yuan [2] Business Performance and Strategies - The company is facing pressure on gross margins due to industry competition and client budget constraints, leading to a decline in gross margin despite revenue growth in vocational education [3] - To address this, the company is implementing cost-reduction measures such as optimizing the supply chain, adopting a "modular + customized" production strategy, and enhancing product standards [3] - The company is also investing in research and development to improve product pricing power, with R&D expenses expected to increase by 3.74% in 2024 [3] Future Prospects - The company is developing a large model platform, currently in the design and early R&D stages, with plans to enhance product intelligence and create an intelligent vocational education platform [3] - The military industry orders have seen a year-on-year increase, with expectations to establish military business as a new growth curve [3] - The company is exploring international projects, such as participating in training projects in Thailand and Laos, aiming to transition from equipment provision to training service provision [3] Financial Management - The company reported a negative operating cash flow of -40.90 million yuan in the first quarter, primarily due to year-end bonuses and poor collection from educational clients [3] - Measures are being taken to improve cash flow, including tracking accounts receivable and forming a collection team [3] - Operational risks are concentrated in delivery, with efforts to enhance communication with clients to improve acceptance and delivery efficiency [3]

编号：投 2025005 | | ☐ 特定对象调研 ☐ 分析师会议 | | --- | --- | | | 媒体采访 业绩说明会 ☐ ☐ | | 投资者关系活动类别 | 新闻发布会 路演活动 | | | ☐ ☐ | | | 现场参观 | | | ☐ 其他（线上电话会议） | | 形式 | 现场☐ 网上☐ 电话会议 | | | 上市行 赵秋红、李丹，重鼎资本 张益青，大岩资本 张宁，卡 冯淑荣， | | | 比尔基金 游致、秦亮，国科龙晖 姜俊峰，东弘资本 | | 参与单位名称及人员姓名 | 民沣资产 黄海山，翼牛资产 张峥，尚颀资本 宋明，湖北黄石 | | | 经开产投 邹子尧，华泰证券 强军，卓银基金 唐凯，信达 潘登， | | | 开源证券 刘兴邦 | | 时间 | 2025年9月17日 13:30 - 15:00 | | 地点 | 雄帝科技会议室 | | 上市公司接待人员姓名 | 财务总监兼董事会秘书 郭永洪 | | | 证券事务代表 刘秀芳 本次投资者活动以参观展厅、讲解企业PPT以及互动交流方式举 | | | 行。投资者通过参观与互动交流，了解公司的发展历程、主营业务、 核心技术、产品及战略布局 ...

（记者 王瀚黎） 2024年1至12月份，佳都科技的营业收入构成为：软件和信息技术服务业占比99.88%，其他业务占比 0.12%。 截至发稿，佳都科技市值为147亿元。 每经头条（nbdtoutiao）——海拔4306米现"秦始皇密令"，获官方"身份认定"！古文字学家刘钊：秦人 寻仙采药足迹确至青藏高原 每经AI快讯，佳都科技（SH 600728，收盘价：6.91元）9月17日晚间发布公告称，佳都科技集团股份有 限公司实际控制人刘伟先生持有公司无限售条件流通股约6660万股，占公司总股本的3.12%。本次股份 解除质押及再次质押后，刘伟先生累计质押公司股份数量为4000万股，占其所持股份的60.06%。公司 实际控制人刘伟先生及其一致行动人佳都集团有限公司、堆龙佳都科技有限公司、广州佳都信息咨询有 限公司合计持有公司无限售条件流通股约3.45亿股，占公司总股本的16.17%。本次股份解除质押及再次 质押后，刘伟先生及其一致行动人累计质押公司股份数量为1.08亿股，占其合计持有股份的31.33%。 ...