深圳市证通电子股份有限公司 证券简称：ST 证通 证券代码：002197 公告编号：2025-050 深圳市证通电子股份有限公司 关于深圳证券交易所对公司 2024 年年报问询函回复的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 深圳市证通电子股份有限公司（以下简称"公司"或"证通电子"）于近日 收到深圳证券交易所下发的《关于对深圳市证通电子股份有限公司2024年年报问 询函》（公司部年报问询函〔2025〕第280号）。收到问询函后，公司对问询函 中涉及的问题进行了审慎核查，现回复如下： 比下滑 28.97%；实现归属于上市公司股东的净利润（以下简称净利润）-3.79 亿元，同比下滑 426.02%；归属于上市公司股东的扣除非经常性损益的净利润 -3.27 亿元（以下简称扣非净利润），同比下滑 214.56%；经营活动产生的现金 流量净额 4.62 亿元，同比下滑 10.81%。报告期内你公司主要产品包括 IDC 及云 计算业务、自助服务终端、支付产品和加密键盘等，毛利率分别变动-0.52、 -10.69、4.02、-7.45 个百分点。请你公司： （ ...

中勤万信会计师事务所(特殊普通合伙) 地址： 北京市西城区西直门外大街 112 号十层 1001 电 话 ：（86-10）68360123 传 真 ：（86-10）68360123-3000 邮 编 ： 100044 关于深圳市证通电子股份有限公司 深圳证券交易所问询函中有关事项的说明 深圳证券交易所： 由深圳市证通电子股份有限公司（以下简称证通电子公司或公司）转来的《关 于对深圳市证通电子股份有限公司 2024 年年报的问询函》（公司部年报问询函 【2025】第 280 号，以下简称问询函）奉悉，我们已对问询函中需我们回复的事 项进行了审慎核查，现汇报如下。 一、（问询函第 1 条）关于经营业绩。年报显示，你公司 2024 年实现营业 收入 9.25 亿元，同比下滑 28.97%；实现归属于上市公司股东的净利润（以下简 称净利润）-3.79 亿元，同比下滑 426.02%；归属于上市公司股东的扣除非经常 性损益的净利润-3.27 亿元（以下简称扣非净利润），同比下滑 214.56%；经营 活动产生的现金流量净额 4.62 亿元，同比下滑 10.81%。报告期内你公司主要产 品包括 IDC 及云计算业务、自助 ...

日前，国内两大稀土巨头官宣提价。北方稀土 与 包钢股份 昨晚宣布，拟将2025年第三季度稀土精矿关联交易价格调整为不含税19109元/吨，较二季度的 18825元/吨上涨1.5%。这也是自2024年二季度以来连续第四次上调，累计涨幅已达13.8%。 金融科技涨幅居前，国元证券认为，资本市场对稳定币生态持续关注，相关的上市公司通过投资者关系活动记录表等方式披露相关业务的进展。从产业逻辑 来看，稳定币生态的发展离不开计算机软件行业的支持，通过落地相关的软硬件系统，给相关的上市公司带来业务增量。 2025年7月11日，Wind数据显示，沪指今日冲高回落，盘中涨幅一度达到1.3%，收盘涨0.01%；深证成指涨0.61%；创业板指涨0.80%。沪深两市成交额超过 1.7万亿，较昨日放量超2000亿。 涨幅方面，稀土、金融科技板块表现居前 | | | ETF涨幅 TOP10 | | | | --- | --- | --- | --- | --- | | 证券代码 | 证券名称 | 涨幅 | 基金管理人 | 投资类 | | 159715 | 稀土ETF易方达 | 6.31% | 易方达基金 | 被动指数型 | | 5161 ...

英伟达近期股价飙涨，国产算力产业链有望深度受益于海外映射逻辑。公开信息显示，云计算50ETF （516630）跟踪云计算指数（930851）。该指数的AI算力含量较高，覆盖了光模块&光器件、算力租 赁、数据中心、AI服务器、液冷等热门算力概念。云计算50ETF（516630）为跟踪该指数合计费率最低 的ETF。 （文章来源：每日经济新闻） 7月11日早盘，A股整体震荡上行，主要宽基指数涨多跌少、红多绿少。券商、生物科技、保险、重型 机械指数等涨幅居前。近期热度较高的云计算50ETF（516630）盘中小幅上扬，持仓股中，东方国信、 泛微网络、中科星图、税友股份、润和软件、恒生电子、拓尔思等涨幅居前。 消息面上，美国当地时间7月9日晚，xAI正式发布最新的大模型Grok4。根据ArtificialAnalysis对比， Grok4综合分数达73分，超越OpenAIo3-pro（71分）和谷歌Gemini2.5Pro（70分），成为当前性能最强 的AI模型。Grok4反映AI大模型的迭代持续，更大规模的算力集群仍是趋势，对扁平化、低延迟的网络 也形成新需求。 招商证券指出，大模型的竞争格局已现雏形，各厂商正加大投 ...

英媒：美国政府对科技巨头施压之际 谷歌将同意对云服务打折 金十数据7月11日讯，据英国金融时报报道，在特朗普政府施压科技公司削减长期高利润合同价格的背 景下，谷歌(GOOG.O)将大幅下调向美国政府提供的云计算服务价格。这一协议是在甲骨文上周与政府 达成交易之后作出的。甲骨文同意在限定时间内对部分软件合同给予75%的折扣，并在更广泛的云计算 合同中提供"大幅折扣"。美国总务管理局（GSA）的一位高级官员表示，谷歌的云服务合同"很可能会 达成类似的协议"。相关协议预计将在几周内敲定。这位高级官员表示，微软的Azure和亚马逊的AWS 预计也将很快提供类似的折扣，但与谷歌相比，相关谈判进展较慢。 ...

【和讯财道投研团队：靳文云 执业证书：A0030624030024 股市有风险，投资需谨慎】 （原标题：和讯研究员靳文云：浅谈投资风格） 和讯研究员靳文云指出，我国社会当下普遍认可的财富积累方式是交易型的，比如古董收藏、房地产投资、黄金珠宝投资等，通过买入-持有-出 售的方式实现盈利；日本社会比较认可的财富积累方式是产业型的，很多日系企业通过家族传承的方式从百年前持续经营至今，产生了很多百年 老店。代入到投资中，投资者的交易风格同样可以分为交易型和价值型两种，交易型类似古董收藏、房地产投资低买高卖，价值型类似百年老 店，和时间做朋友，长期积累。 交易型的投资风格就是要不断的交易，通过多次的交易积累财富。要求每一次的交易都能够获利，为了实现每一次交易都能够获利就要追热点、 挖题材，利用资金扎堆的短期优势、利用市场的高关注度和投资者情绪热度获取收益。比较常见的恶炒小盘股，就是典型的短期资金优势；热点 题材就是市场高关注度引导资金聚集扎堆，形成做多资金优势推动股价快速上涨；对题材进行深度挖掘，让广大投资者认可题材的想象空间，促 使投资者情绪高涨从而产生冲动行为、羊群效益。 价值型投资风格则往往不会有频繁的交易，以精 ...

Core Viewpoint - The rapid development of large models and generative AI technologies is creating unprecedented growth opportunities in the computing infrastructure market, prompting the company to raise funds for a new cloud computing and AI industrial park project [1][3]. Group 1: Company Expansion Plans - The company plans to raise up to 1.75 billion yuan through a private placement to build a new generation cloud computing and AI industrial park in Langfang, Hebei [1][4]. - The project will include the construction of five data center buildings, with a total of 8,925 cabinets to be deployed, and is expected to take 18 months to complete [4][5]. - As of the end of 2024, the company has expanded its operations to over 30 cities in China, with more than 43,000 cabinets in operation and total assets increasing from 1.63 billion yuan in 2019 to 12.84 billion yuan by Q1 2025 [3]. Group 2: Market Demand and Industry Trends - The global data volume is projected to reach 291 zettabytes by 2027, nearly doubling from 2023, driven by the proliferation of technologies such as 5G, IoT, and autonomous driving [3]. - Major cloud service providers are significantly increasing their capital expenditures, with Alibaba planning to invest at least 380 billion yuan in cloud computing and AI infrastructure over the next three years, creating a favorable market environment for data center service providers [3]. Group 3: Financial Performance and Challenges - The company has faced a dilemma of increasing revenue without corresponding profit growth, with revenues of 1.335 billion yuan and 2.165 billion yuan in 2023 and 2024, respectively, while net profits declined from 166 million yuan in 2022 to 141 million yuan and 124 million yuan in the following years [6]. - The company's gross profit margin has decreased from 29.51% in 2020 to 26.40% in 2024, attributed to a higher proportion of low-margin businesses such as computing equipment sales and value-added services [8]. - The asset-liability ratio has risen from 55.77% in 2020 to 71.12% by the end of 2024, indicating increasing financial risk due to a heavy asset operation model [8]. Group 4: Investment Returns and Risk Management - The company anticipates an internal rate of return of 11.49% and a payback period of 7.4 years for the new investment project, which poses challenges for cash flow management [9]. - To mitigate risks, the company is engaging potential customers early in the project investment process and aims to expedite the commissioning of new data centers to enhance cabinet utilization [9].

英伟达近期股价飙涨，国产算力产业链有望深度受益于海外映射逻辑。公开信息显示，云计算50ETF （516630）跟踪云计算指数（930851）。该指数的AI算力含量较高，覆盖了光模块&光器件、算力租 赁、数据中心、AI服务器、液冷等热门算力概念。云计算50ETF（516630）为跟踪该指数合计费率最低 的ETF。 英伟达总市值一度突破4万亿美元。消息面上，隔夜美股市场大型科技股集体上涨，英伟达收涨1.8%， 盘中一度涨超2%至164美元，总市值一度突破4万亿美元。英伟达股价或深度受益于市场对其在AI领域 领先地位的乐观情绪，以及对其需求激增的预期。 中原证券（601375）指出，光模块的可靠性要求提高、迭代周期缩短，带来行业技术门槛显著提升，光 模块头部厂商产品的优势将进一步凸显。头部云厂商2025年资本开支展望乐观，海外算力高速发展，英 伟达GB300正式出货，AI发展推动大型数据中心的建设，拉动光器件产品需求持续且稳定增长。 7月10日早盘，A股三大指数涨跌不一。上证指数开盘报3491.50点，跌0.04%。深证成指开盘报10593.70 点，涨0.11%。创业板指开盘报2192.99点，涨0.38%。近期 ...

Group 1 - The core viewpoint of the article is that the company held its second extraordinary general meeting of shareholders in 2025, which was conducted in compliance with relevant laws and regulations [1][2][3] - The meeting was convened on July 9, 2025, at a specified location, and was presided over by the chairman, Mr. Peng Zhen [2][3] - A total of 2,284 shareholders attended the meeting, representing 477,706,275 shares, which accounted for 32.4499% of the total voting shares [2][3] Group 2 - The voting process at the meeting included both named voting and online voting, with all voting matters clearly listed in the meeting announcement [3][4] - The resolutions discussed at the meeting were all special resolutions, with more than two-thirds of the valid voting rights in favor [3][4] - The proposal for the company's share repurchase plan was approved, with 518,984,060 shares voting in favor, representing 99.8321% of the valid voting rights [3][4][5] Group 3 - The legal opinion provided by the law firm confirmed that the procedures for convening and holding the meeting were in accordance with the Company Law and the company's articles of association [6][7] - The qualifications of the attendees were verified as legitimate and valid [6][7] - The resolutions passed at the meeting were deemed legal and effective [6][7]

Core Viewpoint - The rapid development of large models and generative AI technologies is creating unprecedented growth opportunities in the computing infrastructure market, as evidenced by the recent fundraising plans of Guangdong Aofei Data Technology Co., Ltd. [1] Group 1: Company Overview - Aofei Data is characterized as a "digital infrastructure provider," operating self-built data centers to lease cabinets and bandwidth, while also offering network security and cloud computing services [3] - By the end of 2024, Aofei Data's operations will cover over 30 cities in China, with more than 43,000 cabinets in operation and total assets increasing from 1.63 billion yuan at the end of 2019 to 12.84 billion yuan by the first quarter of 2025 [3] Group 2: Market Demand and Expansion Plans - The aggressive expansion of Aofei Data is driven by the real demand from the AI industry, with global data volume expected to reach 291 ZB by 2027, nearly doubling from 2023 [4] - Major cloud providers are significantly increasing their capital expenditures, with Alibaba planning to invest at least 380 billion yuan in cloud computing and AI infrastructure over the next three years, creating a vast market space for data center service providers [4] - Aofei Data plans to raise 1.75 billion yuan to build a new generation cloud computing and AI industrial park in Langfang, which will include five new data center buildings with a total of 8,925 cabinets [4][5] Group 3: Financial Performance and Challenges - Despite the promising expansion plans, Aofei Data faces financial challenges, with revenue growth not translating into profit increases; revenues for 2023 and 2024 are projected at 1.335 billion yuan and 2.165 billion yuan, respectively, while net profits are declining [7] - The company's gross margin has decreased from 29.51% in 2020 to 26.40% in 2024, attributed to a higher proportion of low-margin businesses [10] - The asset-liability ratio has risen from 55.77% in 2020 to 71.12% by the end of 2024, indicating increasing financial risk due to a heavy asset operation model [10] Group 4: Investment Returns and Risk Management - Aofei Data anticipates an internal rate of return of 11.49% and a payback period of 7.4 years for the new investment project, which poses challenges for cash flow management [12] - To mitigate risks, Aofei Data is engaging potential customers early in the project investment process and aims to expedite the commissioning of new data centers to enhance cabinet utilization [12]