Core Viewpoint - The deep integration of artificial intelligence (AI) and industrial internet has become a significant driving force for high-quality development and transformation in enterprises [1] Company Overview - Qingdao Aolipuqizhi Intelligent Industrial Technology Co., Ltd. was established in 2010 and has achieved rapid growth from "0" to "1" and then to "N" over 15 years [3] - The company focuses on AI, intelligent manufacturing, and industrial internet solutions, believing that AI technology will lead to new industrialization with infinite possibilities [3] - Aolipuqizhi has established a close partnership with Siemens since its inception, marking a significant milestone in the Chinese beer industry by launching the first Manufacturing Execution System (MES) [3] - The company has served over 30 Fortune 500 companies and has successful cases in various sectors, including food and beverage, high-end new materials, and high-tech electronics [3] Strategic Initiatives - Aolipuqizhi actively implements China's "Made in China 2025" strategy, having undertaken 18 national intelligent manufacturing pilot projects and 4 national industrial internet platform projects [5] - The company is recognized as a leading enterprise with comprehensive technical capabilities in AI, Product Lifecycle Management (PLM), and Manufacturing Operations Management (MOM) [6] Technological Advancements - The company developed the first AI+MOM industrial internet platform in China, which was selected as a national-level specialized industrial internet platform in 2023 [7] - This platform integrates AI technology with traditional MOM software, creating intelligent data analysis models and enhancing operational efficiency [7] Market Positioning - Aolipuqizhi has identified challenges faced by enterprises in digital transformation and provides comprehensive solutions from consulting to implementation [9] - The company has launched a series of products aimed at small and medium-sized enterprises, focusing on lightweight, efficient, and precise production management solutions [9] - It has supported over 3,000 SMEs across 46 cities, achieving a 100% project delivery success rate [9] Innovation and Recognition - The company emphasizes a dual-driven strategy of "AI + MOM" to create replicable digital transformation models, solidifying its technological leadership [11] - Aolipuqizhi has received multiple awards for its self-developed products and holds over 100 patents and 193 software copyrights [11] - The company actively participates in standardization efforts, contributing to the development of national and local standards [11]

Core Viewpoint - Shandong is leveraging brand development as a strategic initiative to enhance economic growth and competitiveness, particularly in the context of global economic shifts and industrial transformation [1][2][3] Group 1: Brand Development and Economic Strategy - Shandong's brand construction is positioned as a strategic project to address industrial transformation and enhance modern provincial development [1][2] - The province aims to elevate industrial value and integrate innovative resources through brand building, which is seen as essential for regional competitive advantage and participation in global supply chains [1][2] - The "Good Products Shandong" initiative is a key driver for Shandong's economic high-quality development, emphasizing the importance of brand as a competitive asset [1][2] Group 2: Standards and Technological Advancements - Shandong's enterprises have led or participated in the formulation of 423 standards, including 13 international standards, 247 national standards, and 163 industry standards, showcasing their commitment to quality and innovation [2] - The province's focus on brand-driven quality transformation is crucial for transitioning from quantity-driven growth to quality leadership, especially given that traditional industries account for over 70% of its economy [2][3] Group 3: Policy Support and Market Dynamics - Shandong has established a comprehensive support system for brand growth, combining policy guidance with market-driven approaches, including financial incentives and quality awards for outstanding enterprises [2][3] - Local initiatives, such as Qingdao's brand construction regulations, highlight the importance of legislative support in fostering brand development and financial backing for key enterprises [3] Group 4: Agricultural and Manufacturing Innovations - In agriculture, Shandong has developed a multi-tiered branding strategy that enhances product value and market reach, transforming local specialties into internationally recognized brands [5] - The manufacturing sector is advancing through a "standards-led and innovation-driven" approach, with platforms like the Kaos Industrial Internet leading the way in setting international standards and serving a vast number of enterprises [5] Group 5: Global Expansion and Cultural Integration - Shandong brands are expanding globally through a dual strategy of global research and local operations, exemplified by Shandong Lingong's overseas manufacturing bases and localized product adaptations [6] - The province's branding efforts are redefining "Made in China" from a low-cost label to one associated with quality and innovation, reflecting a broader cultural and economic narrative [6][7]

Group 1 - The first national-level Industrial Internet Engineering Technician professional technical qualification certificate was issued in Jiaxing, Zhejiang, with 21 digital talents receiving the certification [1] - The Industrial Internet is recognized as a strategic infrastructure for new industrialization and a key driver for developing new productive forces, with coverage across 41 major industrial categories in China [1] - The demand for composite digital talents, who are familiar with industrial production knowledge and digital technology, is rapidly increasing due to the deepening digital transformation of the manufacturing industry [1] Group 2 - The Ministry of Human Resources and Social Security, along with nine other departments, launched an action plan to accelerate digital talent cultivation to support the development of the digital economy from 2024 to 2026 [2] - The training program for digital technology engineers includes theoretical knowledge, cutting-edge technologies, and practical application cases, ensuring high-quality training through rigorous standards [2] - Over 27 provinces have introduced supporting policies to encourage participation in the digital technology engineer training program, with various benefits for obtaining professional technical qualifications [2] Group 3 - The Industrial Internet Engineering Technician training program serves as a strong tool for local digital talent cultivation, with a focus on integrating industry and education [3] - The China Industrial Internet Research Institute aims to enhance the assessment and evaluation of Industrial Internet Engineering Technicians and establish digital talent training bases [3] - The initiative seeks to promote the integration of innovation chains, industry chains, capital chains, and talent chains to contribute to new industrialization [3]

Core Viewpoint - Since the beginning of 2024, Liaocheng City has made significant progress in promoting the digital transformation of its manufacturing industry through the establishment of a new industrial smart platform, with plans to enhance its "1+N+X" service system by 2025 [1] Group 1: Comprehensive Platform Development - The city is accelerating the improvement and application of the new industrial smart platform, encouraging enterprises to engage in digital transformation assessments and prioritize their transformation needs [3] - There is an emphasis on attracting digital transformation service providers, focusing on key areas such as R&D design, production, management, and operational services, to create a robust ecosystem of service providers in Liaocheng [3] Group 2: Industry Platform Promotion - The initiative includes promoting industry-specific platforms that focus on key industrial chains and characteristic industrial clusters, encouraging leading enterprises to empower others and build industrial internet platforms [4] - The goal is to enhance interconnectivity among devices and people, facilitating collaborative transformation across the supply chain [4] Group 3: Application of Typical Scenarios - The city aims to explore paths for digital development in manufacturing through advanced models, encouraging leading enterprises to develop applicable models for both general and specific scenarios [5] - There is a focus on building industry data warehouses and knowledge databases, promoting the deep application of advanced models in critical areas such as R&D design and quality inspection [5]

证券代码：300031 证券简称：宝通科技 无锡宝通科技股份有限公司投资者关系活动记录表 编号：20250430 | 投资者关系活动类别 | 特定对象调研 分析师会议 | | --- | --- | | | 媒体采访 业绩说明会 | | | 新闻发布会 路演活动 | | | 现场参观 | | | 其他（线上业绩交流会）  | | 参与单位名称及人员姓名 | 东证融汇、浙商证券、同泰基金、东吴证券、华福证券、 | | | 上海磐耀、东方基金、苏州君榕、深圳前海世传、兴业银 | | | 行、Willing Capital、进门财经、华泰证券等 人 21 | | 时间 | 年 月 日 2025 04 29 | | 地点 | 无锡 | | 上市公司接待人员姓名 | 董事会秘书：周庆、IR 总监：常兆亮 | | 投资者关系活动主要内容 | 一、公司 2024 年度及 2025 年第一季度经营情况介绍 | | | 2024 年度，公司实现营业收入 33.02 亿元，同比下降 | | | 9.67%，但是实现归母净利润 2.10 亿元，同比增长 97.93%， | | | 盈利能力表现出强劲增长态势。同时， ...

Group 1 - The 2025 Industrial Internet Conference will be held in Suzhou from May 21 to 23, focusing on the release of multiple industrial internet policies and significant industry achievements [1] - The conference will feature two main forums discussing the empowerment of new industrialization and the rapid promotion of "AI + manufacturing" [1] - Several parallel forums will be organized around high-quality development in industrial internet networks, applications, and industry collaboration [1] Group 2 - The industrial internet is a new type of infrastructure resulting from the deep integration of new generation information communication technology and industrial economy, serving as a cornerstone of the Fourth Industrial Revolution [2] - The market size of the industrial internet is expected to reach 5.31 trillion yuan by 2025, driven by technological innovation and policy support [2] Group 3 - The 2023 Industrial Internet Conference highlighted the importance of industrial internet as a strategic infrastructure for new industrialization and the digital economy [3] - Following the conference, companies like Hongxun Technology and Dingjie Software experienced significant stock price increases, indicating market optimism [3] Group 4 - The industrial internet industry features a tiered company structure, with leading companies including Huawei, State Grid, and China Telecom in the first tier [6] - Other notable companies in the second tier include Sany Heavy Industry and Shanghai Baoxin Software, while the third tier includes companies like UFIDA and iFlytek [6]

宝通科技 20250429 摘要 • 宝通科技 2024 年营收 36.27 亿元，移动互联网板块收入 14.36 亿元，工 业互联网板块收入 18.66 亿元，其中智能输送数字化产品收入 13.92 亿元， 智能输送产品与服务收入 4.73 亿元，同比增长 31.15%。整体毛利率为 25.26%。 • 2025 年第一季度，宝通科技营收 7.59 亿元，同比下降 9.62%；归母净 利润 5,455 万元，同比下降 36.47%。移动互联网板块收入 3.52 亿元， 同比下降 24%；工业端收入 4.07 亿元，同比增长 8.24%。 • 易幻子公司 2024 年营收 9.2 亿元，利润 2.28 亿，同比增长 248%，主 要受益于《马赛克英雄》在日本的成功发行，收入超过 5 亿人民币。2025 年第一季度，易幻营收 2,540 万元，同比下滑 16%，净利润 6,953 万元， 同比下滑 18%。 • 海南高图子公司 2024 年营收 5.17 亿，实现利润 1,458 万，扭亏为盈。 《Bloodline》运营三年，2024 年收入超过 1.7 亿人民币。 • 工业互联网领域，数字化输送带产品收入 ...

Core Insights - In 2024, the company achieved operating revenue of 3.302 billion yuan, a year-over-year decrease of 9.67%, and a net profit attributable to shareholders of 210 million yuan, a year-over-year increase of 97.93% [1] - The company plans to distribute a cash dividend of 1 yuan (including tax) for every 10 shares to all shareholders in 2024 [1] Group 1: Financial Performance - In Q1 2025, the company reported operating revenue of 759 million yuan, a year-over-year decrease of 9.62% and a quarter-over-quarter decrease of 11.18% [1] - The net profit attributable to shareholders in Q1 2025 was 55 million yuan, a year-over-year decrease of 36.47% [1] - The company experienced a net profit of -28 million yuan in Q4 2024, while the non-recurring net profit was 59 million yuan, a year-over-year decrease of 40.59% [1][2] Group 2: Business Segments - The industrial internet segment generated revenue of 1.866 billion yuan in 2024, a year-over-year decrease of 8.10%, with a gross margin of 25.26% [3] - The smart conveyor digital product manufacturing revenue was 1.392 billion yuan, a year-over-year decrease of 16.59%, while the smart conveyor system service revenue was 473 million yuan, a year-over-year increase of 31.15% [3] - The mobile internet segment reported revenue of 1.436 billion yuan in 2024, a year-over-year decrease of 11.63%, with a gross margin of 54.60% [4] Group 3: Future Outlook - The company is optimistic about the upcoming release of new games, including titles based on popular IPs from Japan and South Korea, which are expected to contribute to revenue growth [4] - The company has adjusted its earnings forecasts for 2025-2027, expecting EPS of 0.73, 0.93, and 1.12 yuan respectively, with corresponding PE ratios of 31, 24, and 20 times [4]

Market Overview - On the trading day, the Shanghai Composite Index fell by 0.1%, the CSI 300 decreased by 0.2%, the STAR Market 50 rose by 0.1%, the CSI 1000 increased by 0.5%, the ChiNext Index dropped by 0.1%, and the Hang Seng Index rose by 0.2% [5] - The best-performing sectors included Beauty Care (+2.6%), Machinery Equipment (+1.4%), Media (+1.3%), Light Industry Manufacturing (+1.0%), and Basic Chemicals (+0.9%). The worst-performing sectors were Utilities (-1.8%), Comprehensive (-1.0%), Oil & Petrochemicals (-0.6%), Coal (-0.5%), and Social Services (-0.5%) [5] Key Recommendations New Lai Fu (301323) - New Lai Fu is a new materials platform company with stable growth in magnetic adsorption materials and rapid growth in wireless radiation protection materials. The company is expected to exceed performance expectations due to multiple nurturing materials [6][7] - The company plans a major asset restructuring to acquire Jin Nan Magnetic Materials, which has strong market competitiveness and technological reserves in various fields [7] - Revenue projections for 2025-2027 are estimated at 1,032 million, 1,267 million, and 1,541 million yuan, with net profit forecasts of 170 million, 249 million, and 350 million yuan, indicating growth rates of 16%, 23%, and 22% for revenue and 17%, 46%, and 41% for net profit respectively [7] Dingjie Smart (300378) - Dingjie Smart is a leading provider of intelligent manufacturing solutions in China, with potential growth driven by the increasing demand for core industrial software products and the integration of AI technologies [8][9] - Revenue forecasts for 2025-2027 are projected at 2,657 million, 3,075 million, and 3,635 million yuan, with net profit estimates of 193 million, 244 million, and 317 million yuan, reflecting growth rates of 14.03%, 15.69%, and 18.23% for revenue and 23.82%, 26.54%, and 29.99% for net profit respectively [9] Guangyun Technology (688365) - Guangyun Technology is a leading e-commerce SaaS provider in China, with significant growth potential through AI applications in e-commerce [10] - Revenue projections for 2025-2027 are estimated at 578 million, 708 million, and 842 million yuan, with net profit forecasts of 5 million, 37 million, and 65 million yuan, indicating growth rates of 20.99%, 22.53%, and 18.90% for revenue and substantial growth in net profit in subsequent years [10]

Core Insights - The company reported a strong financial performance for 2024, achieving a revenue of 3.302 billion yuan and a net profit of 210 million yuan, marking a year-on-year growth of 97.93% [1] - The company continues to implement a global strategy, focusing on industrial internet and mobile internet sectors, which has led to significant overseas business growth [2] Financial Performance - In Q1 2025, the company generated a revenue of 759 million yuan, indicating sustained operational stability [1] - The overseas service business grew by over 20% in 2024, reflecting successful global expansion efforts [2] Business Strategy - The company has established a collaborative service network across five continents, enhancing its global industrial chain coordination [2] - It has received multiple awards for its contributions in the industrial internet sector, including recognition from major clients like Chilean National Copper Corporation and Alcoa [2] Mobile Internet Sector - The company has launched over 300 games globally, catering to diverse player demographics and languages [2] - Successful titles such as "Dot Hero" and "Sword Hero World 3" have provided strong support for the mobile internet business [3] Technological Innovation - The company focuses on technological innovation to address industry challenges, emphasizing safety, efficiency, and sustainability in its industrial internet services [4] - It has developed AI-driven solutions, including intelligent cleaning and inspection robots, which are being implemented in key industrial scenarios [5] Future Outlook - The company aims to enhance its core competitiveness through new product development, technological innovation, and exploring new business models [5] - It plans to expand its presence in key mature markets and emerging global markets, further broadening its business landscape [3][5]