10月10日，拓尔思跌5.11%，截至发稿，报21.53元/股，成交8.83亿元，换手率4.64%，总市值188.09亿 元。 资料显示，拓尔思信息技术股份有限公司位于北京市海淀区建枫路(南延)6号院金隅西三旗科技园3号 楼，成立日期1993年2月18日，上市日期2011年6月15日，公司主营业务涉及人工智能产品及服务、大数 据产品及服务和数据安全产品及服务等。主营业务收入构成为：人工智能软件产品及服务44.49%，大 数据软件产品及服务33.73%，安全产品11.07%，系统集成及其他10.70%。 责任编辑：小浪快报 从基金十大重仓股角度 数据显示，国泰基金旗下1只基金重仓拓尔思。国泰中证1000增强策略ETF（159679）二季度持有股数 4.24万股，占基金净值比例为0.79%，位居第三大重仓股。根据测算，今日浮亏损失约4.92万元。 国泰中证1000增强策略ETF（159679）成立日期2023年2月9日，最新规模9954.14万。今年以来收益 33.53%，同类排名1777/4220；近一年收益40.32%，同类排名1314/3852；成立以来收益27.69%。 截至发稿，吴中昊累计任职时间3年2 ...

长江证券指出，"20%的价格评审优惠"这一"隐形补贴"或将直接改变市场现有竞争格局。假设本国产品 与非本国产品竞标时，前者报价将按80%计算，即本国产品报价10万元将按8万元评审，而非本国产品 报价9万元，则其评审价仍为9万元。此时虽然本国产品报价稍高，但评审价却具备优势。国产产品将在 政策扶持下具备更强的价格竞争力。 同时该机构表示，此次本国产品标准的出台完善了政府采购制度，进一步增加了政府采购政策的公平性 和透明度，同时，有望推动重点产业供应链国产化。受益于信创产业的国产芯片产业链、国产操作系统 产业链和华为产业链等领域值得关注。 麒麟信安：麒麟信安操作系统基于国内自主根社区openEuler研制，同时依托openEuler建设生态形成全 栈全量适配的统一生态，确保全要素、全链条安全可靠。公司互动平台表示，该操作系统并获得中国电 力科学研究院、中国信息安全测评中心等国家和行业权威机构测试认可，符合政府《采购需求标准》及 关键领域安全可靠要求。 9月30日，国务院办公厅印发《关于在政府采购中实施本国产品标准及相关政策的通知》，自2026年1月 1日起施行。 《通知》明确，政府采购中的本国产品标准，是指产品在 ...

中科曙光 20250928 中科曙光和海光信息在中国星际之门项目中有显著的投资机会，主要基于以下 几点逻辑： 1. 随着十五规划的出台，中国的新基建以及国家智算中心的推进将进一步 加速。这将直接利好中科曙光和海光信息的生态系统。特别是在 2025 年或 2026 年，相关政策和项目进展将为这些公司带来更多发展机遇。 2. 海光信息吸收合并中科曙光的事项正在推进中。根据换股比例 0.5,525，目前中国曙光现价买入后，如果成功吸并，将有 18.86%的 价差。这意味着当前投资中科曙光具有潜在收益。 3. 即使海光吸收合并存在不确定性，中科曙光仍然具备独立价值。首先， 中科曙光持有海光 28%的股权，对应当前海光 6,000 亿市值，其价值 约 1,700-1,800 亿，超过目前中科曙光市值。此外，中科曙光业务涵盖 国家计算中心、互联网运营商等行业，并拥有完整的云计算、安全、网 络等产品生态。因此，无论是否成功吸并，中科曙广都值得重视。 中国星际之门项目目前有哪些具体进展？ 根据最新的信息，中国星际之门项目取得了显著进展： 全球其他地区在星际之门项目上的投入情况如何？ 全球其他地区也在积极推进各自的星际之门项目 ...

Core Viewpoint - Qi Anxin's stock price has shown volatility, with a year-to-date increase of 32.24%, but recent declines in the short term raise concerns about its market performance [1][2]. Group 1: Stock Performance - On September 26, Qi Anxin's stock price fell by 2.02%, trading at 35.48 CNY per share, with a total market capitalization of 24.206 billion CNY [1]. - Year-to-date, Qi Anxin's stock has increased by 32.24%, but it has decreased by 0.89% over the last five trading days and 11.26% over the last 20 days [1]. - The stock has experienced a 7.84% increase over the last 60 days [1]. Group 2: Financial Metrics - For the first half of 2025, Qi Anxin reported a revenue of 1.742 billion CNY, a year-on-year decrease of 2.30%, while the net profit attributable to shareholders was -770 million CNY, an increase of 6.16% year-on-year [2]. - The company's revenue composition includes 61.00% from security products, 19.67% from security services, and 18.93% from hardware and other sources [2]. Group 3: Shareholder Information - As of June 30, 2025, Qi Anxin had 25,900 shareholders, a decrease of 4.98% from the previous period, with an average of 26,433 shares held per shareholder, an increase of 5.24% [2]. - The top ten circulating shareholders include the Huaxia SSE Sci-Tech 50 ETF, holding 15.1968 million shares, a decrease of 209,400 shares, and the E Fund SSE Sci-Tech 50 ETF, holding 11.3456 million shares, an increase of 320,500 shares [3].

Company Overview - Tuolisi Information Technology Co., Ltd. is located in Haidian District, Beijing, and was established on February 18, 1993, with its listing date on June 15, 2011 [2] - The company's main business includes artificial intelligence products and services (44.49%), big data products and services (33.73%), data security products and services (11.07%), and system integration and others (10.70%) [2] - Tuolisi belongs to the software development industry, specifically in vertical application software, and is associated with concepts such as electronic ID, intellectual property, military-civilian integration, Huawei Pangu, and knowledge payment [2] Financial Performance - For the first half of 2025, Tuolisi reported operating revenue of 245 million yuan, a year-on-year decrease of 38.36%, and a net profit attributable to shareholders of -73.63 million yuan, a year-on-year decrease of 223.11% [2] - Since its A-share listing, Tuolisi has distributed a total of 325 million yuan in dividends, with 55.67 million yuan distributed in the last three years [2] Stock Performance - On September 19, Tuolisi's stock price fell by 2.03%, closing at 21.75 yuan per share, with a trading volume of 555.7 million yuan and a turnover rate of 2.88%, resulting in a total market capitalization of 19 billion yuan [1] - Year-to-date, Tuolisi's stock price has increased by 3.87%, but it has decreased by 1.36% over the last five trading days and by 21.45% over the last 20 days, while it has increased by 18.92% over the last 60 days [1] - Tuolisi has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on February 5, where it recorded a net buy of -30.27 million yuan [1] Shareholder Structure - As of June 30, 2025, Tuolisi had 120,000 shareholders, a decrease of 5.83% from the previous period, with an average of 7,275 circulating shares per shareholder, an increase of 16.66% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the third-largest shareholder with 6.36 million shares, a decrease of 1.58 million shares from the previous period [3] - Other notable shareholders include Southern CSI 1000 ETF, Huabao CSI Financial Technology Theme ETF, and Huaxia CSI 1000 ETF, which have all increased their holdings [3]

新华财经北京9月12日电（王媛媛） 据证监会官网消息，近日，证监会对深交所创业板上市公司北京东 方通科技股份有限公司（简称*ST东通）涉嫌定期报告等财务数据存在虚假记载作出行政处罚事先告 知。 经查，*ST东通连续四年虚增收入和利润，违反证券法律法规。证监会拟对上市公司罚款2.29亿元，对7 名责任人合计罚款4400万元，对实际控制人采取10年证券市场禁入。 *ST东通涉嫌触及重大违法强制退市情形，深交所将依法启动退市程序。对于可能涉及的犯罪线索，证 监会将坚持应移尽移的工作原则，严格按照《刑法》《最高人民检察院公安部关于公安机关管辖的刑事 案件立案追诉标准的规定（二）》的规定移送公安机关。 2025年4月14日晚间，东方通公告称，公司于2025年4月14日收到中国证监会下发的《立案告知书》，因 公司涉嫌定期报告等财务数据存在虚假记载，根据相关法律法规，中国证监会决定对公司立案。 公开资料显示，东方通成立于1997年，公司主营业务是基础软件中间件业务、网信安全业务、智慧应急 业务以及数字化转型业务。公司主要产品包括基础软件、安全产品、智慧应急和数字化转型四大类型。 公司是国家高新技术企业、国家规划布局内重点软 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company, expecting it to outperform the benchmark index by over 20% in the next six months [2][19]. Core Views - The company reported a revenue of 1.133 billion yuan for the first half of 2025, a year-on-year decline of 28.03%. The net profit attributable to shareholders was a loss of 93 million yuan, an improvement from a loss of 182 million yuan in the same period last year [2][9]. - The company is focusing on integrating AI into its operations, leveraging high-quality security data to enhance its AI models and applications, which has shown significant results in project implementations [9][10]. - The company aims to build a collaborative ecosystem in the cybersecurity sector, aligning closely with China Mobile's operational framework through strategic alliances and technological cooperation [9][10]. Financial Summary - The total revenue forecast for 2025-2027 is projected at 3.237 billion yuan, 3.639 billion yuan, and 4.057 billion yuan, with year-on-year growth rates of -2.4%, +12.4%, and +11.5% respectively [5][10]. - The net profit attributable to shareholders is expected to turn positive in 2025, reaching 135 million yuan, and further increasing to 275 million yuan and 400 million yuan in 2026 and 2027 respectively, with growth rates of 159.6% and 104.1% [5][10]. - The earnings per share (EPS) are projected to be 0.11 yuan, 0.23 yuan, and 0.33 yuan for 2025, 2026, and 2027 respectively [5][10].

Core Viewpoint - The company *ST Dongtong (300379) reported a significant revenue increase in the first half of 2025, with a 48.85% growth year-on-year, although it still faced a net loss that narrowed by 66.80% compared to the previous year [1] Financial Performance - The company achieved a revenue of 240 million yuan in the first half of 2025, with a net profit of -55.158 million yuan [1] - The core middleware business generated 133 million yuan, up 44.05% year-on-year, while the security products business saw a revenue of 60.7076 million yuan, increasing by 60.57% [1] - The digital transformation business reported a revenue of 46.3752 million yuan, reflecting a growth of 48.86% [1] Cost Management and Profitability - The company demonstrated effective cost control, leading to a reduction in operating expenses and an increase in gross margins across various business segments [1] - High-margin businesses, such as core middleware, accounted for over 55% of total revenue, contributing to improved overall profitability [1] Cash Flow and Receivables - The net cash flow from operating activities increased by 112.82% compared to the same period last year, indicating enhanced cash collection capabilities [2] - Accounts receivable decreased by 16.07% from the beginning of the year, primarily due to increased sales collections [2] Industry Expansion - The company achieved notable revenue growth in the telecommunications and financial sectors, with increases of 71.82% and 43.65% respectively [2] - Both sectors experienced stable gross margin improvements, with the company providing foundational software support and comprehensive network security solutions to telecom operators and enhancing middleware applications in financial core systems [2] Product Development and Market Position - The company launched the new generation of secure and trusted application service middleware, TongWeb-T, integrating trusted computing technology [3] - In response to the AI trend, the company introduced the TongAgentPlatform, facilitating the rapid construction of intelligent agents [3] - The company has established a presence in the emerging low-altitude economy with core products like the drone intelligent control platform and serves as the vice-chair of the Beijing Low-altitude Industry Alliance [3] Competitive Strategy - The company aims to strengthen its technological innovation and sales channel development while enhancing brand promotion and marketing systems [3] - It plans to achieve competitive advantages through differentiated positioning and expand its main business to address market competition risks [3]

Core Points - The president of Huida Technology, Liu Yuping, has been investigated by the China Securities Regulatory Commission (CSRC) for insider trading, receiving a notice of case filing on August 22, 2025 [1] - The investigation is focused solely on Liu Yuping as an individual and is not related to the company's daily operations or business activities, indicating no impact on the company's production and operational activities [1] Company Overview - Huida Technology is a well-known domestic electronic product supply chain enterprise, offering products such as fingerprint sensors, light sensors, touch products, audio products, security products, and wireless connectivity products [1] - The company serves prominent domestic and international brands, including Samsung, Vivo, OPPO, Xiaomi, and Honor [1]

Core Viewpoint - China Telecom (601728) reported a mid-term performance for the period ending June 30, 2025, showing a revenue of RMB 271.469 billion, a year-on-year increase of 1.3%, and a net profit attributable to shareholders of RMB 23.017 billion, up 5.52% year-on-year [1] Financial Performance - The company proposed an interim dividend of RMB 0.1812 per share [1] - Mobile communication service revenue reached RMB 106.6 billion, growing by 1.3% year-on-year [1] - Fixed-line and smart home service revenue amounted to RMB 64.1 billion, with a slight increase of 0.2% year-on-year [1] - The total number of mobile users reached 433 million, while broadband users reached 199 million [1] - Mobile ARPU (Average Revenue Per User) stood at RMB 46.0, and broadband comprehensive ARPU was RMB 48.3 [1] Business Segments - Revenue from industrial digitalization reached RMB 74.9 billion, with AIDC (Artificial Intelligence Data Center) revenue growing by 7.4% year-on-year [1] - Key products in strategic emerging sectors showed rapid growth, with Tianyi Cloud revenue at RMB 57.3 billion [1] - Smart revenue surged to RMB 6.3 billion, marking an impressive year-on-year growth of 89.4% [1] - Security revenue increased by 18.2% year-on-year to RMB 9.1 billion [1] - Video network revenue grew by 46.2% year-on-year, while satellite revenue increased by 20.5% [1] - Quantum revenue experienced a remarkable growth of 171.1% year-on-year [1]