本次活动由深圳市商务局指导，深圳市福田产业投资服务有限公司主办，深圳福田新一代智慧运营服务有限公司承办，晶瑞（深圳）科技创新中心有限公 司、深圳市加推科技有限公司协办，定向邀约国信旅游、国资联投、明芯新材料、至善视觉等近20家已布局或计划开拓海外市场的企业走进加推科技，共 同探讨AI技术驱动国际化的落地路径。 作为国内智能化营销工具的先驱者，加推科技依托人工智能与大数据技术，打造了智能名片、智能营销平台等核心产品矩阵，服务覆盖金融、房地产、教 育、医疗等多元行业，并深度赋能企业全球化布局。活动现场，加推科技深圳营销负责人张大连重点推介了其全球首款名片形态的AI硬件产品——SOON AI名片。他指出，SOON AI名片通过三大AI核心场景构建智能营销闭环：基于智能名片数字营销快速客户触达，依托AI大模型视频翻译技术打破语言壁 垒，借助AI雷达商机跟进精准掌握销售数据，显著提升海外业务拓展的效率与精准度，帮助企业在国际市场竞争中赢得先机。目前，SOON AI名片已落 地深圳机场、政务中心等场景，赋能基层服务人员实现138个国家语言无障碍便捷服务国际访客。张大连强调，加推科技的创新产品，正以"科技+场景"的 深度结 ...

雷递网 雷建平 4月29日 易点天下（证券代码：301171）日前发布财报。财报显示，易点天下2024年营收25.47亿，较上年同期增长18.8%；净利2.32亿元，较上年同期增长 6.81%。2025年第一季度营收9.29亿元，更是较上年同期增长93.18%；净利5594万，较上年同期增长11.67%。 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | --- | | | | | (%) | | | 营业收入(元) | 929.116.792.61 | 480. 952. 366. 66 | | 93. 18% | | 归属于上市公司股东的净利 | 55,941, 195. 98 | 50, 094, 256. 02 | | 11.67% | | 润(元) | | | | | | 归属于上市公司股东的扣除 非经常性损益的净利润 | 61.243.979.70 | 46.829.057.66 | | 30. 78% | | (元) | | | | | | 经营活动产生的现金流量净 | -30. 022. 729. 16 | 17.573. ...

Group 1: Nuclear Power Industry - The State Council approved the construction of 10 nuclear power units, indicating a positive long-term growth outlook for the nuclear power sector in China [2][4][6] - From 2022 to 2025, China has consistently approved at least 10 nuclear power units annually, with a total of 44 units under construction as of April 2025, representing a significant increase in installed capacity [3][4] - Nuclear power is recognized as a clean and stable baseload energy source, with high utilization hours and relatively stable electricity prices, which are expected to drive revenue and profit growth for related companies [4][5][6] Group 2: ASEAN Economic Cooperation - The visit of President Xi Jinping to ASEAN countries marks a significant moment for deepening cooperation in trade, investment, and industry, contributing positively to regional and global economic development [8][9] - China and ASEAN are focusing on high-end manufacturing, mineral resource development, infrastructure cooperation, and agricultural consumption, aiming for mutual benefits and deeper integration of industrial chains [10][9] - The cooperation framework includes enhancing policy coordination, leveraging complementary advantages in technology and market, and improving trade and investment facilitation to stimulate regional growth [10][9] Group 3: Precious Metals Market - Recent signals from the U.S. government regarding easing trade tensions with China have led to a temporary decline in gold prices, but medium-term prospects for gold prices remain bullish due to ongoing geopolitical risks and potential economic downturns in the U.S. [13][15] - Global gold ETF holdings and central bank purchases, particularly from emerging markets, indicate significant room for further accumulation of gold, supporting price increases [15][13] - The copper and aluminum sectors are expected to rebound due to favorable macroeconomic policies and a shift in market sentiment following the easing of trade tensions [15][16] Group 4: Agricultural Sector - He Feng Co. - He Feng Co. reported a significant turnaround in profitability for 2024, with a net profit of 3.42 billion yuan, compared to a loss in the previous year, driven by cost reduction and efficiency improvements [18][19] - The company’s feed business faced challenges with a decline in sales volume and price, but the meat and poultry segments showed resilience and growth potential [19][20] - The company plans to achieve over 10% growth in feed sales in 2025, focusing on strategic transformations across product, channel, and management aspects [19][22] Group 5: Medical Devices - Yuyue Medical - Yuyue Medical's revenue for 2024 decreased by 5.09%, but the company is focusing on strategic investments to accelerate international expansion, particularly in the blood glucose management sector [24][25] - The Continuous Glucose Monitoring (CGM) technology is identified as a key growth driver, with new products expected to significantly increase market penetration [27][29] - The company has made a strategic investment in Inogen to enhance its presence in the U.S. and European markets, indicating a commitment to long-term growth and shareholder returns [28][29]

Group 1 - The company reported a revenue of 3.307 billion yuan for 2024, representing a year-on-year growth of 14.59%, with a net profit attributable to shareholders of 213 million yuan [1] - The internet media segment generated a revenue of 1.158 billion yuan, showing a significant increase of 31.88%, and accounted for 35.03% of total revenue, contributing 3.94 billion yuan to gross profit, which is 69.36% of the company's total gross profit [1] - The company aims to solidify its core internet media and digital marketing businesses while developing its proprietary acoustic brand and exploring opportunities in the metaverse, data technology, and blockchain applications [1] Group 2 - The overseas subsidiaries have successfully diversified their product offerings in the internet media sector, utilizing large models like ChatGPT and StableDiffusion to enhance content production efficiency and quality, thereby improving user experience and engagement [2] - In the competitive digital marketing industry, the company is focusing resources on expanding its advertising agency business, targeting social media platforms with sufficient advertising budgets, and enhancing its client base across various sectors [2] - The company is nurturing and incubating top acoustic brands such as Vifa, Aurasound, and others, aiming to create a diversified portfolio of proprietary brands through collaborations with leading domestic and international brands [2] Group 3 - The company plans to leverage its self-developed large-scale open license chain "ZhiChain 2.0" as the core, focusing on three key technological breakthroughs to establish a flexible main-side chain architecture and continuously develop a large alliance chain platform with independent intellectual property rights [3]

Core Viewpoint - The company reported strong revenue and profit growth in Q1 2025, driven by robust performance in its effect advertising business and advancements in AI-enabled programmatic advertising. Financial Performance - In 2024, the company achieved revenue of 2.547 billion yuan, representing a year-over-year increase of 18.83%, with a net profit attributable to shareholders of 232 million yuan, up 6.81% year-over-year, and a non-recurring net profit of 217 million yuan, which increased by 30.10% year-over-year [1][2] - For Q1 2025, the company reported revenue of 929 million yuan, a significant year-over-year increase of 93.18%, with a net profit attributable to shareholders of 56 million yuan, up 11.67% year-over-year, and a non-recurring net profit of 61 million yuan, which increased by 30.78% year-over-year [1][2] Business Segmentation - In 2024, the effect advertising segment generated revenue of 2.484 billion yuan, reflecting a year-over-year growth of 22.45%, accounting for 97.52% of total revenue, with a gross margin of 16.90% [3] - The company’s revenue from the e-commerce sector was 513 million yuan, representing 20.14% of total advertising revenue, while revenue from applications, agents, and other sectors was 2.029 billion yuan, showing a year-over-year growth of 23.31% [3] - The company has expanded its advertising client base beyond e-commerce, maintaining its competitive edge while diversifying into other industries [3] Technological Advancements - The company has enhanced its programmatic advertising capabilities through AI, achieving a sevenfold increase in inference efficiency and reducing task execution time by over 30%, along with a 25% decrease in computational resource costs [3] - The company has become the first-level agent for AppLovin in Greater China, leveraging its technology platform for user behavior analysis, ad material optimization, and performance monitoring [3] Future Outlook - The company forecasts revenues of 3.301 billion yuan, 3.842 billion yuan, and 4.298 billion yuan for 2025, 2026, and 2027 respectively, with net profits of 301 million yuan, 372 million yuan, and 424 million yuan, corresponding to price-to-earnings ratios of 42, 34, and 30 [4] - The company is positioned as a leading player in overseas marketing services, with a new strategy focused on leveraging AIGC to drive brand expansion [4]

证券研究报告 | 2025年04月28日 市场环境影响广告主需求，2024 年收入下滑 3%。1）2024 年，公司营业收入 40.7 亿元，同比下滑 3.2%，主要由于客户结构变化以及市场环境影响；归 母净利润 0.51 亿元，同比下降 44.5%，其中包括 0.76 亿的信用减值损失和 0.1 亿的资产减值损失。毛利率同比下降 0.9 个百分点至 17.2%；费用率整 体下降 0.1 个百分点至 13.6%。2）单看第四季度，公司收入 10.2 亿元，同 比下降 1.1%，降幅环比收窄 0.8 个百分点；归母净利润-0.1 亿元，同比增 长 29.9%。 红人营销平台效率提升，持续完善红人经济产业布局。1）主业红人营销平 台方面，活跃客户与红人数持续提升；客户方面，截至 2024 年末，WEIQ 累 计注册商家客户数 20.8 万，同比增长 8423 个；从红人方面看，红人账户累 计数量达 346.6 万，其中专职红人账户数/MCN 机构数分别为 212.7/1.91 万, 同比增长 30.9%/9.8%。此外，公司还持续通过数据产品、技术工具提升红人 商业化的效率。2）新业务方面，公司持续完善在红人经济 ...

Group 1: Financial Performance - In 2024, the company reported a revenue of 21.171 billion, an increase of 3.41% year-on-year, and a net profit attributable to shareholders of 1.61 billion, up 193.35% year-on-year [1] - For Q1 2025, the company achieved a revenue of 4.759 billion and a net profit of 1.08 billion, reflecting a growth of 145.39% year-on-year [1] Group 2: Strategic Initiatives - The company has launched a strategic plan for 2025-2030 focusing on continuous innovation, efficient operations, and exceptional talent to enhance competitiveness, with an emphasis on deep AI application [2] - AI technology is transforming the pump industry, enhancing product design, production, and operation efficiency, with the company’s 5G-connected factory recognized as a benchmark in the industry [2] Group 3: Digital Marketing Innovations - The company is advancing AI applications in digital marketing, achieving significant improvements in content production and advertising efficiency through a comprehensive AI tool matrix [3] - The digital marketing division has received multiple industry accolades for its AI innovations and is actively participating in the development of industry standards for AI in advertising [3] Group 4: Future Outlook - The company aims to continue its innovation-driven development strategy, further solidifying its leadership in both traditional manufacturing and digital marketing sectors for sustainable high-quality growth [4]

Core Insights - The article discusses the emergence of matrix marketing systems as a solution for businesses to innovate and optimize their marketing strategies in a competitive market environment [2] - It highlights the advantages of matrix marketing systems, including technology empowerment, multi-channel integration, customer lead mining, and improved return on investment and marketing efficiency [9] Group 1: Technology Empowerment and Data-Driven Approach - The core advantage of matrix marketing systems lies in their strong technological support, utilizing advanced AI algorithms such as machine learning and deep learning for in-depth analysis of consumer behavior and market trends [5] - This data-driven marketing approach allows businesses to precisely target their audience and develop tailored marketing strategies based on key consumer characteristics [5] Group 2: Multi-Channel Integration and One-Stop Solutions - Matrix marketing systems offer significant multi-channel integration capabilities, providing businesses with a one-stop marketing solution that connects both online and offline channels [6] - This integration enhances brand exposure and allows for real-time monitoring and adjustment of marketing strategies based on data analysis [6] Group 3: Customer Lead Mining and Precision Marketing - The matrix marketing system excels in customer lead mining, enabling businesses to search for potential customers across over 300 cities and 180 industries, significantly reducing customer acquisition time [7] - It also facilitates a combination of proactive and passive marketing strategies, enhancing brand awareness and market share through free advertising opportunities [7] Group 4: Enhanced ROI and Marketing Efficiency - By utilizing matrix marketing systems, businesses can effectively promote their brands and products while significantly improving their return on investment and marketing efficiency [8] - The system's real-time monitoring capabilities allow for informed decision-making regarding resource allocation, leading to higher investment returns [8] Group 5: Future Development and Trends - The application of matrix marketing systems is expected to grow as businesses face increasingly complex market competition, leveraging technology to enhance marketing capabilities [9] - Future developments may include further integration of marketing channels and services, increasing the system's intelligence to meet evolving market demands [9]

北京时间4月28日分众传媒发布了2024年全年以及2025年一季度业绩。这次财报除了关注去年四季度、今年一季度（主要是Q1）的当期业绩表现之外，最 大的关注焦点就是若顺利（主要是监管审批）收购最"难缠"的竞对——新潮传媒之后，结合当下复杂的宏观环境，公司对未来的规划和增长预期会发生如 何变化？ 核心要点如下： 1. 2024收官：虽然机构调整后的预期不高，但第四季度收入显得更艰难一些，同比下滑7%。一季度收入同样略不及预期，足以体现去年底到今年初的环 境恶劣。 2. Q1同样有压力：对于一季度的"稳态"低增长，市场priced in了绝大部分。今年春节期间消费表现一般，年初以来的社零增速也是一个前低后高的缓慢爬 升趋势，因此对于一季度，市场未报太高期望。 3. 吃下新潮，利润率打开空间：利润上四季度主要靠短期控费，以及非主业收益的预期差，最终净利润表现略微收回来了一些。不过，非主业的收益在海 豚君看来是要剔除不考虑的，单看核心经营利润，因为收入承压，还是弱于预期。 一季度核心经营利润并未miss太多，主要则得益于过去一年优化点位的战略下毛利率持续改善，梯媒毛利率、影院毛利率同比略有改善。此外就是费用严 格控制 ...

Core Viewpoint - Accurately assessing the market potential of service enterprises is crucial for investors, business managers, and industry analysts, influencing future development directions and investment decisions. Group 1: Market Size and Growth Rate - Market size reflects the potential customer base and total revenue, obtainable through market research, industry data, or comparative analysis, such as the ongoing expansion of the enterprise software service market amid digitalization [2] - Market growth rate indicates the speed of expansion, with high-growth markets presenting more profit opportunities [2] Group 2: Competitive Analysis - Analyzing competitors' products, pricing, and market share is essential to identify differentiation advantages, as seen in the restaurant industry leveraging unique dishes and decor for competitiveness [3] - In homogeneous markets, unique service concepts or innovative models can help enterprises stand out [3] Group 3: Customer Demand - Researching customer demand intensity and scale helps assess market saturation, with increasing demand for elderly medical and care services due to aging demographics [5] - Understanding customer purchasing motivations and preferences, such as convenience and cost-effectiveness, provides a basis for marketing strategies [5] Group 4: Profitability - Analyzing cost structure, pricing strategies, and marketing investments versus returns is vital, as efficient cost control and precise pricing can enhance profit margins [6] - Internet marketing companies, for instance, improve customer retention and profitability through targeted positioning and innovative methods [6] Group 5: Regulatory and Policy Environment - Government support policies, such as tax incentives and subsidies, can lower operational costs and enhance competitiveness, particularly in sectors like new energy vehicles [7] - However, attention must be paid to regulatory requirements, as compliance costs, while high, can ensure long-term stable development [7] Group 6: Technology and Innovation - In the digital age, technological innovation is key for service enterprises to stand out, with AI and big data enhancing service quality and efficiency [8] - Continuously launching new products, services, or upgrading existing offerings can meet diverse needs and capture market opportunities [8] Group 7: Operational and Management Capability - Efficient service delivery and strong customer relationship management can convert market opportunities into economic benefits [10] - Standardized and automated service processes, along with effective customer feedback mechanisms, can improve customer satisfaction and loyalty [10] Group 8: Talent and Team - A professional and high-quality talent pool is essential for enterprise development, with team execution and collaboration capabilities determining responsiveness to market changes [11] - Efficient task completion relies on the team's ability to adapt quickly to evolving market conditions [11] Group 9: Brand Influence - Brand awareness, reputation, and loyalty are critical competitive advantages, with well-known brands quickly gaining customer trust and reducing promotional costs [12] - In high-end hotel sectors, brand advantages can maintain high occupancy rates and customer loyalty [12] Conclusion - Evaluating the market potential of service enterprises requires a comprehensive consideration of market size, competition, demand, profitability, policy, technology, operations, talent, and brand factors, providing a scientific basis for investment decisions, strategic planning, and resource allocation to support sustainable development [12]