每经记者 朱成祥 每经编辑 张益铭 对于慧博云通此次交易是否构成重大资产重组，前述工作人员也表示："请关注后续公告。" 宝德计算机官网显示，该公司位居中国ARM服务器市场第一，信创整机市场领导者，中国AI服务器 TOP3，中国服务器市场国内品牌TOP5。 根据宝德计算机官方微信，公司连续中标中国联通旗下小沃科技有限公司联通云手机平台算力服务器多 个项目，总金额数千万元。此外，宝德AI存储一体机也助力香港某大学高效完成DeepSeek大模型微 调。 也就是说，宝德计算机旗下算力服务器、应用于DeepSeek的AI存储一体机均已推出并被使用。 封面图片来源：视觉中国-VCG41N2155090857 5月5日晚间，慧博云通披露公告称，由于正在筹划发行股份及支付现金购买资产并募集配套资金事项， 公司股票自2025年5月6日（星期二）开市起开始停牌。 本次交易的标的公司为宝德计算机。据了解，该公司主要提供服务器产品和PC（个人电脑）整机，服 务器产品覆盖ARM架构、X86架构和AI算力。 上市公司称，公司拟以发行股份及支付现金方式购买标的公司控制权，并募集配套资金，本次交易不会 导致公司实际控制人变更。对于慧博云通此 ...

Core Viewpoint - Huibo Yuntong (301316) announced plans to issue shares and pay cash to acquire assets and raise supporting funds, with trading suspension starting May 6, 2023, and expected resumption within 10 trading days [1] Group 1: Acquisition Details - The target company for the acquisition is Baode Computer, established in October 2003, recognized as a leading provider of computing product solutions in China, specializing in servers and PC systems [1] - Baode Computer has a strong market position, being the No.1 in China's ARM server market, a leader in the Xinchuang complete machine market, and among the top three in China's AI server market [1] - The acquisition is in the planning stage, with initial trading partners including Tianjin Baocheng Yuchuang Enterprise Management Partnership and others [2] Group 2: Financial Performance - Huibo Yuntong reported a total revenue of 1.743 billion yuan in 2024, a year-on-year increase of 28.30%, while net profit attributable to shareholders was 65.588 million yuan, a decrease of 20.45% [3] - In Q1 of the current year, the company achieved a revenue of 506 million yuan, up 37.5% year-on-year, but net profit dropped to 4.16 million yuan, a decline of 72.1% [3] Group 3: Strategic Intent - The planned acquisition aligns with Huibo Yuntong's strategic focus on increasing investment in the financial sector, aiming to enhance capabilities in development, testing, product solutions, and operational services through mergers and acquisitions [3]

Core Viewpoint - The company has reported significant financial changes in its first quarter, including a substantial increase in revenue and operating cash flow, while also announcing a share buyback plan supported by a loan commitment from a bank. Financial Performance - The company experienced a 165.31% increase in operating revenue compared to the same period last year, driven by increased customer demand and server sales [7] - Operating costs rose by 178.82% year-on-year, reflecting the growth in sales [7] - Cash flow from operating activities increased by 265.48% year-on-year, attributed to improved sales collection and changes in procurement payment schedules [8] - The company reported a 138.44% increase in cash and cash equivalents, primarily due to expanded business operations [5] - Short-term borrowings surged by 279.55%, indicating increased funding needs due to business expansion [6] Accounting Changes - The company adopted a retrospective adjustment method for accounting treatment due to changes in accounting policies regarding warranty costs, which are now included in operating costs instead of sales expenses [3] - The adjustments were made in compliance with the new accounting guidelines issued by the Ministry of Finance [3] Shareholder Information - The company announced a share buyback plan with a commitment to purchase between RMB 100 million and RMB 200 million worth of shares, supported by a loan of up to RMB 180 million from a bank [13] - The buyback is intended to enhance investor confidence and is set to be executed within six months from the announcement date [13] Upcoming Events - The company will hold an online performance briefing on May 9, 2025, to discuss its annual and quarterly results, allowing investors to submit questions in advance [16][17]

Investment Rating - The report maintains a "Buy" rating for China Great Wall (000066) with a target price based on the last closing price of 14.48 [1][6]. Core Views - The company is experiencing temporary profit pressure but has launched an AI training and推一体机 (integrated machine) to enhance its product offerings [1][6]. - The company reported a revenue of 14.203 billion yuan in 2024, a year-on-year increase of 5.83%, but a net profit loss of 1.479 billion yuan, a decrease of 51.29% compared to the previous year [4][5]. - In Q1 2025, the company achieved a revenue of 2.858 billion yuan, up 7.32% year-on-year, with a net profit loss of 160 million yuan, an improvement of 36.15% year-on-year [4][5]. Financial Performance - The total share capital is 3.226 billion shares, with a total market value of 46.71 billion yuan [3]. - The highest and lowest stock prices in the past 12 months were 24.49 yuan and 7.52 yuan, respectively [3]. - The company’s gross margin for 2024 was 15.35%, down 5.53 percentage points year-on-year, with a significant decline in the system equipment segment [5][8]. - The company expects revenues for 2025, 2026, and 2027 to be 16.769 billion yuan, 19.321 billion yuan, and 21.973 billion yuan, respectively, with net profits projected at 450 million yuan, 3.97 billion yuan, and 5.93 billion yuan [6][8]. Product Development - The company has improved the performance of its Feiteng products and launched the AI training and推一体机, which supports large model training capabilities [6]. - The S5000C product has seen a significant increase in winning bids, and the D3000 product's performance has improved by 2.5 times compared to its predecessor [6].

Core Points - The company has ensured the authenticity, accuracy, and completeness of the quarterly report, with no false records or significant omissions [2][12][18] Financial Data - The first quarter report has not been audited [3][11] - The company confirmed sales revenue of 26.957 million yuan from a contract with Ping An Communication for data center services [5] - The company confirmed sales revenue of 11.6606 million yuan from a contract with China Mobile for IDC services [6] - The company confirmed sales revenue of 41.5372 million yuan from a contract with Ping An Communication for customized IDC services [7] - The company confirmed sales revenue of 1.6614 million yuan from a procurement project with China Construction Bank [8] Shareholder Information - The company has not reported any changes in the top 10 shareholders or any significant changes in shareholding due to lending or borrowing of shares [5] Important Contracts - The company signed a contract with China Mobile for cloud cooperation with a total amount of approximately 411.7871 million yuan, with 70% of the project completed [8] Board and Supervisory Meetings - The sixth board of directors and the supervisory board held meetings to review and approve the first quarter report, confirming compliance with legal and regulatory requirements [12][18]

3、港交所与香港证监会已根据特区政府的指示做好准备，并已与部分相关企业接触。若仍未在香港市 场上市的"中概股"希望回流，会为其香港上市提供适当的指引与协助。 4、腾讯对其混元大模型研发体系进行了全面重组，主要围绕算力、算法和数据三大核心板块刷新团队 部署，加码研发投入。 2、国家发展改革委下达今年第二批810亿元超长期特别国债资金，继续大力支持消费品以旧换新。 智通财经4月29日晚间新闻精选 5、9天6板红墙股份：广东科创、何元杰、韩强减持计划已实施完毕。万科A：拟出售7295.6万股库存股 补充流动性。浪潮信息：一季度净利润同比增长53%。工业富联：第一季度净利润同比增长25%。中远 海控：第一季度净利润同比增长73.12%。中金黄金：一季度净利润同比增长33%。贵州茅台：一季度净 利润268.47亿元 同比增长11.56%。工商银行第一季度净利润841.6亿元 同比下降4%。7天5板永安药 业："牛磺酸价格暴涨几倍"等传闻不实。 1、习近平在上海考察时强调，不断增强科技创新策源功能和高端产业引领功能，加快建成具有全球影 响力的科技创新高地。 ...

Financial Performance - The company reported a total revenue of 438 million yuan in 2024, representing a year-on-year decline of 33.95% [1][4] - The net profit attributable to shareholders was 19.45 million yuan, down 79.79% year-on-year, while the net profit after deducting non-recurring items was 12.12 million yuan, a decrease of 80.37% [1][4] - The decline in revenue is attributed primarily to delayed multi-model orders, despite a 6.65% increase in orders on hand compared to the previous year [4] Industry Challenges - The company faced intensified industry competition and rising raw material costs, which exerted pressure on its profitability [4] - The performance downturn in 2024 contrasts sharply with the growth seen in the previous years, where revenues increased by 38.43%, 22.58%, and 20.35% from 2021 to 2023 [4] Technological Advancements - The company made progress in AI technology applications, successfully implementing it in areas such as visual landing, guidance head image processing, and drone collaborative control [4][6] - The successful application of AI technology lays a foundation for broader applications in fields like optics, radar, communications, and data links [4] Market Expansion - The company is actively expanding into emerging sectors such as drones, low-altitude economy, and commercial aerospace [5] - It has participated in projects related to drone flight control systems, avionics networking, and commercial rocket engine control, thereby increasing its market share [5] Future Outlook - The "Embedded Computer Capacity Expansion Project" is set to reach operational status by September 2024, supporting future capacity expansion and technological upgrades [6] - With the gradual recovery of industry demand, the company is expected to experience explosive growth in orders in 2025 [6] - Despite the poor performance in 2024, the company's efforts in technological innovation and market expansion are expected to lay a foundation for future growth [6]

浪潮信息（000977）公告，2025年第一季度营收为468.58亿元，同比增长165.31%；净利润为4.63亿 元，同比增长52.78%。 ...

中科曙光：第一季度净利润同比增长31% 智通财经4月29日电，中科曙光(603019.SH)公告称，2025年第一季度实现营业收入25.86亿元，同比增长 4.34%；归属于上市公司股东的净利润为1.86亿元，同比增长30.79%。主要原因是公司联营企业利润增 加对投资收益的影响。 ...

中科曙光（603019）公告，2025年第一季度营收为25.86亿元，同比增长4.34%；净利润为1.86亿元，同 比增长30.79%。 ...