作为成都科技创新的主阵地，成都高新区是全国首批 "创建世界一流高科技园区"试点之一，经 过3 0余年的奋斗，已成为全国发展质量效益最好、科技创新实力最强、高科技企业和创新型成 长型企业密度最高的高新区之一。 4月2 5日，2 0 2 5年成都高新区产业基金协同发展大会在成都高新区菁蓉汇举办。 大会现场，成都高新区立足区域产业基础，正式发布产业发展图谱，建立 " 3+6+6 "现代化产业 体系，即3大特色优势产业（电子信息、医药健康、数字经济），6大战略性新兴产业（人工智 能、低空经济、商业航天、网络空间安全、先进装备和先进能源），6大未来产业（人形机器 人、细胞与基因治疗、合成生物、新型储能（含新型材料方向）、量子科技、脑机接口）。 据悉，截至目前， 成都高新区已出资组建基金 1 5 4只，总规模超3 2 3 6亿元，形成了中西部产 业园区规模最大的产业基金集群 ，并构建起涵盖 "资助—种子—天使—创投—产投—并购"的 全生命周期资本支持服务体系，实现电子信息、医药健康、数字经济等优势产业全覆盖。 大会现场，成都高新区策源资本与中金资本、中信建投资本、工银投资、建信金投、环投资本 等 11家机构进行了产业基金 ...

Core Viewpoint - The collaboration between EasyBio and Chr. Hansen marks a significant step in the company's internationalization strategy, with a sales target of €73.06 million (over 600 million RMB) from 2025 to 2029, which is expected to positively impact the company's future performance and market presence [1][2][6]. Group 1: Contract Details - EasyBio has signed a cooperation agreement with Chr. Hansen, setting a total sales target of €73.06 million for the period from 2025 to 2029, with the first year's target accounting for approximately 42.18% of the company's 2024 revenue [1][2]. - The sales targets are structured to grow by more than 10% in the first year and 12% in subsequent years, with annual targets increasing from approximately 95 million RMB in 2025 to nearly 150 million RMB in 2029 [2]. - The contract allows Chr. Hansen exclusive rights to sell and promote EasyBio's products globally, excluding specific countries, covering various testing products related to food safety [2][4]. Group 2: Strategic Importance - The partnership is a major breakthrough in EasyBio's internationalization strategy, which has been a key driver of the company's performance since 2023 [2]. - The collaboration will utilize a dual-brand approach, enhancing EasyBio's market penetration in the global dairy product sector while leveraging Chr. Hansen's brand influence [4]. - EasyBio aims to expand its market reach and product offerings beyond dairy, exploring opportunities in various sectors such as food, agriculture, and pharmaceuticals, supported by Chr. Hansen's and Novonesis's expertise [5]. Group 3: Market Impact - The collaboration is expected to enhance EasyBio's core competitiveness and market influence, contributing to sustainable business growth [6]. - EasyBio's international sales have shown significant growth, with overseas revenue increasing by 15.92% in 2024, reaching approximately 93.33 million RMB, and the proportion of overseas revenue rising from 31.68% in 2023 to 41.62% in 2024 [5].

关键财务数据解读 杭州华塑科技股份有限公司是一家专注于电池安全管理的国家高新技术企业。其2024年年报显示，公司 在营收、利润、现金流等方面呈现出不同变化。其中，经营活动产生的现金流量净额增长136.46%，筹 资活动现金流入则减少99.61%，这些数据背后反映了公司怎样的经营状况和潜在风险？以下将进行详 细解读。 基本每股收益和扣非每股收益下降 基本每股收益为0.63元/股，较上年的0.67元/股下降5.97%；扣非每股收益同样下降，这与净利润和扣非 净利润的变化趋势一致，显示公司为股东创造的每股盈利有所减少。 费用有增有减，结构调整明显销售费用：2024年销售费用为22,883,217.70元，较上年的27,023,216.22元 下降15.32%，主要因公司业务布局调整，减少了广告费投入。这一调整可能是为了优化费用结构，提 高费用使用效率，但也可能对市场推广产生一定影响。管理费用：管理费用为17,857,276.76元，较上年 的17,213,777.15元增长3.74%，整体较为稳定，表明公司管理运营成本保持在相对可控范围。财务费 用：财务费用为 -3,870,691.71元，较上年的 -4,702, ...

Core Viewpoint - Data is the most critical production factor in the digital economy era, and the economic value of data is increasing, leading to more serious security issues [2] Group 1: Importance of Cryptography - Cryptography plays an essential role in ensuring data security in the digital economy, including data encryption, access authorization, and privacy protection [2][4] - Commercial cryptography is crucial for protecting non-state secret data and will become a key variable in restructuring digital production relationships [4][8] Group 2: Security Solutions - The company offers various security solutions for data storage, transmission, usage, and trading, including encryption middleware, high-speed encryption gateways, and digital watermarking [5][6] - New cryptographic technologies such as multi-party secure computing and homomorphic encryption are being explored to address data security and privacy protection challenges [7] Group 3: Challenges in Adoption - The main obstacles to the adoption of commercial cryptography are insufficient technical awareness and the complexity of implementation, particularly in existing information systems [6][9] - As national policies and regulations improve, awareness of the importance of cryptography is expected to increase, which may help overcome these challenges [6][9] Group 4: Policy Support - The development of the commercial cryptography industry is supported by a robust legal framework, including laws on cybersecurity, data security, and personal information protection [8][9] - Companies should leverage policy incentives to drive innovation and improve their competitive edge in the market [9][10] Group 5: International Competitiveness - Although China's commercial cryptography industry started later, it has developed rapidly and established a comprehensive standard and certification system [11] - Chinese companies face challenges in international markets due to the need to adapt to existing international certification standards [11] Group 6: Integration with Emerging Technologies - The integration of artificial intelligence and commercial cryptography is reshaping the information security landscape, requiring innovative security architectures and solutions [12] - Companies must address new security challenges posed by AI applications, including protecting model parameters and resisting adversarial attacks [12]

Core Insights - The company reported a significant acceleration in revenue growth and a substantial reduction in losses for Q1 2025, with revenue reaching 1.262 billion yuan, a year-over-year increase of 21.91%, and a net profit loss of 250 million yuan, improving by 48.93% year-over-year [1] - The company is benefiting from trends in cloud computing, overseas expansion, and cost reduction, with overseas orders growing over 50% [1][2] - The AI business is expected to become a core driver of growth, with new upgrades to cloud products aimed at enhancing AI capabilities [2] Financial Performance - Q1 2025 revenue was 1.262 billion yuan, up 21.91% year-over-year, while the net profit loss was 250 million yuan, improving by 48.93% year-over-year [1] - The gross margin for Q1 2025 was 60.38%, reflecting an increase of approximately 2.2 percentage points year-over-year [1] - The company expects revenues of 8.56 billion yuan, 9.82 billion yuan, and 11.05 billion yuan for 2025-2027, with year-over-year growth rates of 14%, 15%, and 12% respectively [2] Business Strategy - The company is focusing on cloud products, particularly in the context of AI, with significant upgrades to its "Yiduo Cloud" platform to support AI model deployment [2] - The company has launched a new AI service directory and an AI application innovation platform to facilitate the rapid development of AI applications [2] - The company maintains a strong market position in the hyper-converged infrastructure sector, with a projected market share of 20.2% by Q4 2024 [2] Investment Outlook - The company maintains a "strong buy" investment rating, reflecting confidence in its long-term growth potential [3]

Core Viewpoint - The company reported better-than-expected performance in Q1 2025, driven by domestic demand, cloud orders, and a narrowing of net losses [1][2]. Financial Performance - Revenue increased by 21.9% year-on-year to 1.262 billion yuan in Q1 2025 - Net loss narrowed by 48.93% year-on-year to 250 million yuan - Non-GAAP net loss narrowed by 48.75% year-on-year to 261 million yuan [1]. Development Trends - The business continues to expand due to cloud computing, domestic production, and AI trends - The company's market share in hyper-converged infrastructure (HCI) increased from 18.8% in Q3 2024 to 20.2% in Q4 2024, maintaining the top position in the domestic market - The company holds an 11.1% market share in the domestic network security hardware sector, indicating strong market leadership - The company is expected to benefit from the clear window for VMWare's domestic production and the increasing demand for private cloud solutions driven by AI [2][3]. International Performance - The company anticipates significant growth in overseas market orders in Q1 2025, continuing the trend from 2024 - The overseas version of XDR was launched in 2024, contributing to a 39% year-on-year increase in overseas revenue to 480 million yuan, accounting for 6.4% of total revenue - The overall gross margin improved by 2.2 percentage points to 60.4% in Q1 2025, supported by growth in cybersecurity business [3]. Cost Management - Total operating expenses decreased by 8% year-on-year in Q1 2025 - Sales, R&D, and management expense ratios decreased by 14.7, 12.7, and 2.0 percentage points to 46.8%, 38.6%, and 6.7% respectively - Operating cash flow net outflow narrowed by 28% year-on-year to 831 million yuan, indicating improved cash flow management [3]. Profit Forecast and Valuation - The company maintains an outperform rating and profit forecast - The target price is set at 140 yuan, based on a 40x 2026 estimated price-to-operating cash flow (P/OCF) ratio, indicating a 57% upside potential from the current stock price [4].

南凌科技始终关注AI大模型发展趋势，并于2024年接入智谱、通义千问等大模型，用于内部数据处 理、客服问答等场景。DeepSeek出现后，公司迅速接入DeepSeek大模型，基于公司多年累积的网络和 安全运营数据，对DeepSeek大模型进行本地化部署，完成安全防护大模型NovaGuard，赋能SASE服 务，提升公司云智网安一体化服务能力。 同时，南凌科技披露2024年年度权益分派预案，拟每10股转增4股派1元（含税），合计派发现金红利 1302.64万元，预计派发现金红利总额占2024年净利润比例达71.17%。 2024年，全球经济面对多重压力，全球企业亟需在风险与机遇的平衡中重构发展路径。尽管数字经济凭 借技术迭代与模式创新展现出显著韧性，但其持续增长仍受制于多种系统性挑战。在此背景下，南凌科 技通过实施精细化运营管理、优化战略资源配置、前瞻性布局新兴领域等多元化策略，在稳固基本盘的 同时探索新的增长曲线，为公司可持续发展注入新动能。 报告期内，南凌科技推出安全托管服务(MSS)，这是一种覆盖基础安全监控到全面安全运营的全生命周 期安全服务。通过一站式云化安全管理平台。自主研发的凌云SASE实现多个安 ...

长江商报奔腾新闻记者 徐佳 伴随着行业回温，出口和内销需求提升，大豪科技（603025）（603025.SH）开年业绩延续增长。 4月21日盘后，大豪科技发布一季报。2025年一季度，大豪科技实现营业收入7.25亿元，同比增长 12.84%；归属于上市公司股东的净利润（净利润，下同）1.68亿元，同比增长13.46%；扣除非经常性损 益的净利润（扣非净利润，下同）1.72亿元，同比增长20.03%。 一季度，大豪科技经营活动产生的现金流量净额为679.81万元，同比下降77.89%。公司称主要是一季度 偿还采购货物支付的跨期到期应付票据同比增加约7000万，若扣减此部分影响，一季度实际经营现金流 净额约7700万，同比增长约150%。 资料显示，大豪科技于2015年4月在沪市主板上市。目前，公司业务主要聚焦于信息技术领域，涵盖智 能装备电控系统及相关产品、智能工厂云平台系统、信息安全硬件及网络通信硬件的定制开发及平台集 成服务等。其中，在智能装备电控系统领域，大豪科技是国内缝制与针织设备电控领域的龙头企业。 长江商报奔腾新闻记者注意到，随着全球经济复苏，国际主要缝制设备市场需求加快释放，我国缝制机 械出口加速 ...

1 | 附件清单 | | 无 | | --- | --- | --- | | 日期 | 归属于上市公司股东的净利润为 | 3,060 万元。 2025 年 4 月 23 日 | 2 杭州迪普科技股份有限公司 2024 年度业绩说明会 投资者关系活动记录表 | 投资者关 系活动类 | □特定对象调研 □分析师会议 □媒体采访 业绩说明会 | | --- | --- | | 别 | □新闻发布会 □路演活动 □现场参观 □其他 | | 参与单位 | 迪普科技 2024 年度业绩说明会采用网络远程方式进行，面向全体投资者。 | | | 因本次投资者关系活动采取线上会议形式，参会者无法签署调研承诺函。在交流活动 | | 名称及人 员姓名 | 中，公司严格遵守相关规定，保证信息披露真实、准确、及时、公平，没有发生未公 | | | 开重大信息泄露等情况。 | | 时间 | 2025 年 4 月 23 日 15:00-17:00 | | 地点 | 深圳证券交易所"互动易平台"http://irm.cninfo.com.cn"云访谈"栏目 | | 上市公司 | 董事长：郑树生 | | | 董事、经理、董秘：邹禧典 | | ...

Core Viewpoint - In 2024, the company reported a revenue of 2.358 billion yuan, a year-on-year increase of 40.29%, while the net profit attributable to shareholders was a loss of 365 million yuan, showing a reduction in losses [2] Group 1: Financial Performance - The company achieved an operating income of 2.358 billion yuan in 2024, reflecting a 40.29% year-on-year growth [2] - The net profit attributable to shareholders was a loss of 365 million yuan, indicating a reduction in losses compared to the previous year [2] - The net cash flow from operating activities turned positive at 136 million yuan [2] Group 2: Market Trends and Strategic Focus - The information security industry is experiencing a slow recovery in client investment, with the company focusing on its core business and aligning with industry trends [2] - The company launched the AI+SOC Eagle Eye Security Operations Center, enhancing detection and response times by over 50% and achieving automatic judgment for over 70% of attacks [2] - The company reported over 50% growth in orders for its Internet Exposure Management Service (EASM) and a renewal rate exceeding 70% [3] Group 3: Product and Service Development - The company is focusing on stable demand sectors such as telecommunications, finance, and energy, while expanding its product offerings including RSAS, WAF, ISOP, NF, and CDG [3] - In the financial sector, the company has seen rapid growth in revenue from its Xinchuang products, while also securing projects in government sectors for emergency warning and data security [3] - The company is investing in AI, data security, and other emerging technologies, with ongoing research in areas like APT detection, supply chain security, and cloud-native security [4]