获得这单金融突破的南京凯奥思数据技术有限公司此次成功获批南京银行数据知识产权和数据资产质押 融资全流程办理业务，获得1000万元贷款。该项目获批后，中国人民银行征信中心动产融资统一登记公 示系统完成业务更新，在相关登记类目中明确纳入"数据资产质押"。 数据知识产权，是指单位或个人对其依法依规获取的，经过一定规则或算法加工处理，具有实用价值和 智力成果属性的数据集合享有的民事权益。数据知识产权登记是数据资产确权的核心环节，能为企业在 数据交易、合作开发、侵权维权等场景中提供合法依据，有效降低数据被滥用、盗用的风险，保障企业 在数据研发与应用中的投入回报，并有利于推动数据要素在市场中有序流动，促进数字经济产业的健康 发展。 位于雨花台区的南京凯奥思是一家提供工业物联网产品和解决方案的科创企业，通过大数据建模分析， 为工业企业提供设备在线监测、智慧运维、工业控制、供应链优化等服务。2024年6月，南京凯奥思超 前谋划、抢抓机遇，经严格成本法评估，完成两个高价值数据应用产品（设备故障自诊断模型数据和振 动特征值算法库）的数据资产入表工作；7月，在上海数据交易所、南京市公共资源交易中心登记上 架；8月，通过增进信用等级 ...

招股书披露，德风科技是一家AI赋能工业物联网（AIoT）生产优化软件解决方案技术开发商，专注于助力中国能源、制造及混合行业实现能效提升、卓 越运营、安全生产及可持续发展。 根据弗若斯特沙利文报告，按2024财年收入计，德风科技是中国第五大独立专业AIoT服务提供商，市场份额约为1.8%；按2024财年收入计，公司还是中 国能源行业第三大独立专业AIoT服务提供商，市场份额约为9.9%。截至2025年6月30日，公司拥有约逾300项软件版权、50项专利、约10项商标及一个重 大域名。 对赌协议： 一把悬在头顶的达摩克利斯之剑 在AIoT（人工智能赋能的工业物联网）领域风起云涌的当下，北京德风新征程科技股份有限公司（以下简称"德风科技"或"公司"）于今年11月，向香港联 交所提交了港股IPO申请，拟计划登陆港股市场，SUNNY FORTUNE为其独家保荐人。 作为中国第五大独立专业AIoT服务提供商，德风科技的上市之路从一开始就带着"背水一战"的意味。自2019年以来，公司通过五轮融资吸引了云启资 本、创新工场、招商创投、深创投等众多知名投资机构的青睐，累计融资超6.5亿元。然而，这些资本的注入并非无条件的馈赠， ...

同时，集团亦可凭借自身资本市场优势，与广州星伦在工业物联网和工业软体方面展开更深入的合作， 并透过公司的品牌效应推动相关合作业务的市场推广及专案进一步扩张。于订立战略合作备忘录后，双 方将就工业物联网和工业软体向全国推广等方面开展相关的市场分析、行业研究，并会尽快开始人员沟 通及实地考察工作。 中国数智科技(01796)公布，于2025年12月17日，公司与广州星伦安全实业有限公司(广州星伦)订立了一 项战略合作备忘录。根据战略合作备忘录，公司与广州星伦初步同意将会在工业物联网、工业软体及智 能制造等领域共同探讨合作机遇。集团拟借助广州星伦的技术及市场方面的优势，满足当下企业多元化 的发展需求，从而提升集团业务的多样性，并创造未来的利润增长点。 ...

根据战略合作备忘录，公司与广州星伦初步同意将会在工业物联网、工业软体及智能制造等领域共同探 讨合作机遇。集团拟借助广州星伦的技术及市场方面的优势，满足当下企业多元化的发展需求，从而提 升集团业务的多样性，并创造未来的利润增长点。具体合作方向包括但不限于：(i)工业算力与人工智能 在中国交通能源行业的落地应用；(ii)双方共同推进合作业务在国际市场的开发与拓展；及(iii)共同开发 「交通+能源」领域的最新产品与解决方案。 同时，集团亦可凭藉自身资本市场优势，与广州星伦在工业物联网和工业软体方面展开更深入的合作， 并透过公司的品牌效应推动相关合作业务的市场推广及专案进一步扩张。于订立战略合作备忘录後，双 方将就工业物联网和工业软体向全国推广等方面开展相关的市场分析、行业研究，并会尽快开始人员沟 通及实地考察工作。 格隆汇12月17日丨中国数智科技(01796.HK)宣布，于2025年12月17日，公司与广州星伦安全实业有限公 司(「广州星伦」)订立了一项战略合作备忘录。 ...

同时，集团亦可凭借自身资本市场优势，与广州星伦在工业物联网和工业软体方面展开更深入的合作， 并透过公司的品牌效应推动相关合作业务的市场推广及专案进一步扩张。于订立战略合作备忘录后，双 方将就工业物联网和工业软体向全国推广等方面开展相关的市场分析、行业研究，并会尽快开始人员沟 通及实地考察工作。 智通财经APP讯，中国数智科技(01796)公布，于2025年12月17日，公司与广州星伦安全实业有限公司 (广州星伦)订立了一项战略合作备忘录。根据战略合作备忘录，公司与广州星伦初步同意将会在工业物 联网、工业软体及智能制造等领域共同探讨合作机遇。集团拟借助广州星伦的技术及市场方面的优势， 满足当下企业多元化的发展需求，从而提升集团业务的多样性，并创造未来的利润增长点。 ...

Group 1 - Nanjing Bank has successfully completed the first "Data Knowledge Loan" product in its system, marking the first dual pledge financing of "data intellectual property + data assets" in Jiangsu province, aimed at promoting the financialization of data assets [1] - Kaos Data Technology Co., Ltd. specializes in industrial IoT and has a solid foundation in data modeling and intellectual property, providing services such as equipment operation and industrial control [1] - The "Data Knowledge Loan" product allows technology-based SMEs with valuable and measurable data assets to convert these assets into low-cost credit funds, creating new financing pathways for innovative enterprises [1] Group 2 - Nanjing Bank has been innovating its financial services for technology enterprises, launching products like "R&D Pipeline Loan" in collaboration with a regional technology transfer center to address long-term funding needs for biopharmaceutical companies [2] - The bank has also established a "Loan-Equity Link" fund for technology talent, innovating cooperation models among government, banks, and parks to provide financing solutions [2] - As of November 2025, Nanjing Bank has served nearly 88,000 technology enterprises, providing over 860 billion yuan in funding, with more than 7,000 technology loan accounts in Nanjing and a loan balance of nearly 50 billion yuan [2]

Core Insights - The first "data intellectual property + data asset" dual pledge financing has been successfully implemented in Nanjing, marking a significant innovation in the financialization of data assets [1][3] - The "Shuzhi Loan" product, launched by Nanjing Bank, allows technology-based SMEs to convert their data assets into low-cost credit funding, providing a new financing pathway for innovative enterprises [3][6] Group 1 - Nanjing Bank has completed the first full-process data intellectual property and data asset pledge financing for Kaos Data Technology Co., Ltd., indicating that data assets can serve as collateral for financing [1][4] - The financing involved a total credit issuance of 10 million RMB, supported by a comprehensive evaluation of data rights ownership, value, and compliance conducted by Nanjing Bank in collaboration with relevant institutions [3][4] Group 2 - Nanjing Bank has been actively innovating its financial services for technology enterprises, having served nearly 88,000 tech companies and provided over 860 billion RMB in funding as of November [6] - The bank has also launched various innovative financial products, including the "R&D Pipeline Loan" and a talent financing fund, to address the funding needs of biotech companies and tech talent [6]

Core Insights - Advantech has been recognized in Forbes' 2025 "World's Best Employers" list, reflecting high trust in its employer brand from global employees and the public [1] - The recognition underscores Advantech's commitment to a "people-oriented, diverse development" strategy, aiming for a fulfilling life goal of "work, learning, and love" [1] Employer Brand Evaluation - The Forbes list is based on an anonymous survey of over 300,000 employees across more than 50 countries, assessing employer image through dimensions such as compensation attractiveness, learning development, career opportunities, work-life balance, and cultural values [1][3] - Advantech's selection is attributed to its long-term talent development mechanisms that enable employees to achieve comprehensive growth in professional advancement, career progression, and life balance [1] Talent Development Strategy - Advantech adheres to a core strategy of "people-oriented, diverse development," viewing talent growth as a personalized, dynamic process [3] - The company has established a comprehensive empowerment system covering new hires, professional talents, and core leadership, respecting individual differences while supporting diverse choices [3] Employee Empowerment Mechanisms - Advantech employs various mechanisms such as eLearning, one-on-one mentorship, cross-team learning communities, and book clubs to create a regular empowerment matrix [3] - Specific programs like the "Launch Training Camp" and "Professional Skills Courses" accelerate the progression of new and professional talents, while leadership training includes international workshops and camps to enhance strategic thinking and cross-cultural governance [3] Work-Life Balance Initiatives - The company emphasizes the importance of work-life balance, believing that employee growth extends beyond career advancement to include the nurturing of personal life and family [5] - Initiatives like the annual Family Day strengthen the bond between employees and their families, allowing them to express gratitude for their support [5] Community and Personal Development - Advantech fosters a sense of community through the ABLE Club, which provides diverse interest groups for employees to engage in activities like reading, sports, and public service, allowing them to reconnect with their passions [5] - This approach helps employees find balance between family warmth and personal interests, enhancing their creativity and vitality, which in turn benefits the organization [5] Commitment to Sustainability - Advantech integrates sustainability into its long-term development goals, focusing on "green operations," "IoT for public benefit," and "employee and social well-being" [7] - The company believes in a symbiotic relationship between corporate and talent growth, emphasizing a people-oriented philosophy that has earned deep trust from global employees [7] - The recognition by Forbes serves as international validation of Advantech's commitment to its vision of being a "driver of a smart earth," encouraging continued investment in talent value and sustainable innovation [7]

Core Viewpoint - Defeng Technology has submitted its listing application to the Hong Kong Stock Exchange, but its financial performance raises concerns about its profitability and operational sustainability [1][2][3]. Group 1: Company Overview - Defeng Technology specializes in AI-enabled Industrial Internet of Things (AIoT) solutions, focusing on enhancing energy efficiency and operational excellence for Chinese state-owned enterprises [3]. - The company has completed over 600 projects and serves around 200 clients, including major players in the energy and manufacturing sectors [3]. - As of 2024, Defeng Technology is the fifth largest independent AIoT service provider in China, with a market share of approximately 1.8% [3]. Group 2: Financial Performance - Defeng Technology's revenue for the reporting periods was 313 million, 442 million, 525 million, and 159 million yuan, with a compound annual growth rate of about 29.7% [6]. - The adjusted net profits for the same periods were -42.36 million, -8.72 million, 5.52 million, and -28.58 million yuan, indicating a generally loss-making status [6]. - Employee costs have remained high, accounting for nearly 40% of total revenue despite a 57.7% reduction in workforce [2][6]. Group 3: Shareholder Activity - Prior to the listing application, major shareholder招商盈趣 sold its entire stake at the original investment price, raising questions about the fairness of the transaction [2][4]. - The founder, Wang Qingjie, controls 44.38% of the company, raising potential concerns about governance and shareholder interests [5]. Group 4: Cash Flow and Debt Concerns - The company has faced significant cash flow issues, with net cash outflows totaling approximately 467 million yuan over the reporting periods [12]. - High accounts receivable turnover days and increasing bad debt risks indicate potential liquidity challenges [12][13]. - As of mid-2025, the company had only 43.99 million yuan in cash and cash equivalents, a decrease of 51.31% from the beginning of the year [13].

Group 1 - The core viewpoint of the news is that Xintong Electronics has shown a slight decline in stock price and has specific financing activities on November 11, 2023, with a net financing purchase of 829,500 CNY [1] - As of November 11, 2023, the total financing and securities balance of Xintong Electronics is 90.66 million CNY, which accounts for 6.41% of its circulating market value [1] - The company specializes in providing industrial IoT smart terminal and system solutions, focusing on power and communication industries [1] Group 2 - For the period from January to September 2025, Xintong Electronics achieved an operating income of 668 million CNY, representing a year-on-year growth of 4.05%, while the net profit attributable to the parent company was 70.56 million CNY, a decrease of 6.78% year-on-year [2] - As of September 30, 2025, the number of shareholders of Xintong Electronics is 24,900, a decrease of 55.37% compared to the previous period, with an average of 1,227 circulating shares per person, an increase of 124.06% [2] - The company has distributed a total of 93.6 million CNY in dividends since its A-share listing [3]