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]

Core Viewpoint - Quanzhou is actively promoting investment attraction as a key strategy for economic development, leveraging the 8th Digital China Construction Summit to showcase its robust industrial foundation and vast development potential in the digital economy [1][2]. Investment Attraction Initiatives - Quanzhou has organized a series of investment promotion activities focusing on key areas such as artificial intelligence, industrial internet, and big data applications, announcing 20 investment projects during the 2025 Quanzhou Digital Economy Industry Innovation Development Promotion Conference [2]. - A total investment fund of 1 billion yuan has been established to support the construction and operation of industrial parks, aiming to enhance resource empowerment for digital economy-related industries and projects [2]. - Multiple promotional events are being held across cities including Beijing, Quanzhou, and Fuzhou to attract investments in the digital economy [2]. Project Development and Investment - Quanzhou has initiated 184 digital economy projects this year, with a total planned investment of 655.18 billion yuan, including seven major projects in sectors like chips, 3D printing, semiconductors, and robotics [8]. - Significant projects include the Xinggang Smart Logistics Park with a planned investment of 200 million yuan, the Task Robot project with an investment of 100 million yuan, and the Wild Beast Intelligent Industrial Park with a total investment of 2.25 billion yuan [6][8]. - The city has implemented a three-tier promotion system to ensure that projects move from negotiation to signing and then to implementation, with 115 projects currently under construction [8]. Strategic Focus - Quanzhou emphasizes the importance of the "project-driven" strategy to facilitate rapid development in the digital economy, aiming to leverage national resources for industrial collaboration and deepen the construction of digital industry clusters [8].

Financial Performance - The company's 2024 revenue reached 1,129.27 million RMB, a year-on-year increase of 12.05%, with a net profit of 201.21 million RMB [1] - In Q1 2025, revenue was 248.86 million RMB, up 10.41% year-on-year, and net profit was 41.94 million RMB, reflecting a growth of 14.64% [1] - R&D expenses for 2024 amounted to 137.56 million RMB, accounting for 12.18% of revenue, with a compound annual growth rate of 37.35% over the past three years [1][5] Dividend Policy - The company plans to distribute a cash dividend of 6.5 RMB per 10 shares, totaling approximately 85.85 million RMB, which represents 42.66% of net profit [2] Business Overview - The company focuses on the industrial internet sector, integrating IoT, digital twins, AI, and communication technologies to create a smart ecosystem in industrial manufacturing [2] - It has established itself as a leading enterprise in the coal mining sector, with plans to expand into non-coal mining and chemical industries [2][10] R&D and Innovation - The company is recognized as a national high-tech enterprise and has achieved CMMI Level 5 certification, indicating high standards in software development and project management [2][5] - R&D efforts are concentrated on autonomous driving technologies, with a team of 348 high-quality R&D personnel, representing 35.22% of total employees [5][6] Market Trends and Opportunities - The autonomous driving technology in open-pit mining has seen large-scale applications, while underground mining is still developing due to environmental challenges [3][4] - The company is positioned to capitalize on the emerging market for underground autonomous driving solutions, which is currently underdeveloped [3] Non-Coal Mining and Chemical Industry Expansion - The non-coal mining sector has over 30,000 mines in China, with increasing demand for smart solutions driven by government policies and industry needs [10] - The company is expanding its product offerings in the chemical industry, focusing on safety management and AI-driven solutions [12] Workforce Growth - The company has seen a 30% annual increase in employee numbers in 2022 and 2023, with a total of nearly 1,000 employees by 2024 [16] - Future growth will focus on optimizing talent structure and enhancing per capita productivity, particularly in market and R&D teams [16]

中化新网讯 近日，记者从工信部了解到，2025年工业互联网一体化进园区"百城千园行"活动正在开 展。从今年10月起，工信部将组织相关单位开展园区评价与发展成效评估工作，推广一批成效明显地区 和典型园区案例，依托重点产业活动，宣传成效突出地区和园区。 本次活动包括政策进园区、设施进园区、技术进园区、标准进园区、应用进园区、企业进园区、服务进 园区，还将结合高标准数字园区、"人工智能+"行动、中小企业数字化转型城市试点、制造业新型技术 改造城市试点、"5G+工业互联网"融合应用试点城市、5G工厂"百千万"行动等相关工作，开展工业互联 网一体化进园区规模化推广，加快园区高端化、智能化、绿色化发展。 五是应用进园区。实施"链网协同"行动，组织编制实施工程机械、石化化工等重点行业融合应用指南， 梳理行业智能化典型应用场景、人工智能赋能重点行业产业链图谱、技术产品及解决方案清单等，强化 资源供给。 六是企业进园区。鼓励龙头企业、链主企业共享资源、开放场景，提供普惠性数字工具和标准化"小快 轻准"产品，带动中小企业"链式"转型。鼓励各类智能化解决方案供应商进园区，为园区企业提供一体 化服务。 七是服务进园区。鼓励各地出台相 ...