转自：证券时报 人民财讯10月10日电，海天瑞声高管日前在2025年半年度业绩说明会上回应公司上半年毛利率出现同比 下降时指出，主要系受业务类型阶段性变化影响，定制化服务收入占比提升所致。主要因为公司新拓展 的境外内容审核业务目前全部采用定制化服务模式，另外，央企客户正积极践行"AI+"战略，相关业务 也以定制类服务为主。展望未来，公司将在持续深耕头部客户需求的基础上，加快推进标注流程的智能 化升级与标准化数据产品体系建设，不断提升项目运营效率，逐步优化毛利结构。 ...

9月29日，金证股份盘中上涨2.10%，截至13:27，报18.02元/股，成交2.82亿元，换手率1.69%，总市值 169.62亿元。 资金流向方面，主力资金净流入393.09万元，特大单买入1503.37万元，占比5.32%，卖出1670.42万元， 占比5.91%；大单买入6802.40万元，占比24.08%，卖出6242.26万元，占比22.10%。 截至6月30日，金证股份股东户数9.06万，较上期增加31.64%；人均流通股10446股，较上期减少 24.04%。2025年1月-6月，金证股份实现营业收入12.08亿元，同比减少48.55%；归母净利润-3883.38万 元，同比增长51.95%。 分红方面，金证股份A股上市后累计派现5.18亿元。近三年，累计派现8316.95万元。 机构持仓方面，截止2025年6月30日，金证股份十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股1917.40万股，相比上期减少112.81万股。南方中证1000ETF（512100）位居第八大流通股 东，持股612.15万股，相比上期增加116.10万股。华宝中证金融科技主题ETF（159851）位 ...

机构持仓方面，截止2025年6月30日，金证股份十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股1917.40万股，相比上期减少112.81万股。南方中证1000ETF（512100）位居第八大流通股 东，持股612.15万股，相比上期增加116.10万股。华宝中证金融科技主题ETF（159851）位居第九大流 通股东，持股572.34万股，相比上期增加40.77万股。 责任编辑：小浪快报 截至6月30日，金证股份股东户数9.06万，较上期增加31.64%；人均流通股10446股，较上期减少 24.04%。2025年1月-6月，金证股份实现营业收入12.08亿元，同比减少48.55%；归母净利润-3883.38万 元，同比增长51.95%。 金证股份今年以来股价涨15.37%，近5个交易日涨0.96%，近20日跌1.58%，近60日涨8.10%。 分红方面，金证股份A股上市后累计派现5.18亿元。近三年，累计派现8316.95万元。 今年以来金证股份已经1次登上龙虎榜，最近一次登上龙虎榜为1月23日，当日龙虎榜净买入-7566.28万 元；买入总计1.19亿元 ，占总成交额比14.97%；卖出总 ...

Core Insights - The integration of advanced manufacturing and modern services is driving a new industrial revolution, reshaping global industrial competition and resource allocation [1][2] Group 1: Service-oriented Manufacturing - Service-oriented manufacturing is a distinctive industry integration concept in China, essential for the high-quality development of the manufacturing sector [2] - This model emphasizes the fusion of product production and service provision, focusing on market demand and creating a seamless production process [2][3] - Various service-oriented manufacturing models, such as customized services and supply chain management, have been widely adopted [2] Group 2: Performance Metrics - From 2018 to 2022, service-oriented manufacturing demonstration enterprises saw a digital investment growth rate of 125.15%, R&D growth of 78.52%, and total asset increase of 70.33% [3] - Revenue growth for these enterprises reached 55.43%, with service income increasing by 85.50% during the same period [3] - During the COVID-19 pandemic (2020-2022), these enterprises outperformed the average revenue growth of industrial enterprises, achieving a growth rate approximately twice as high [3] Group 3: Strategic Directions - The focus for the "14th Five-Year Plan" should be on promoting service-oriented manufacturing as a key component of new industrialization and modern industrial systems [4] - Emphasis on deepening the integration of information technology and industrialization, fostering innovation through reform, and creating new advantages for manufacturing development [4][5] Group 4: Innovation and Collaboration - Encouragement for enterprises to explore new service-oriented manufacturing models and pathways, promoting innovation from point to area across various industries [5] - The establishment of collaborative relationships between large and small enterprises is vital for fostering innovation and addressing growth challenges [6] - Development of cloud-based service platforms to integrate resources and create a shared manufacturing ecosystem [6] Group 5: Ecosystem Development - The transition towards a collaborative and ecological service-oriented manufacturing industry is essential, with a focus on regional strengths and high-quality development [7] - The need for a robust ecosystem that supports service-oriented manufacturing through technology, policy, and talent development [7]

Core Viewpoint - The high-purity silicon project by Nanfang Company is a key investment project in Qinghai Province, aimed at supporting the development of the clean energy industry and local economic growth [2]. Group 1: Project Overview - The high-purity silicon project is a significant investment initiative in Qinghai Province, expected to bolster the clean energy sector and local economic development [2]. - The project includes the construction of 114 new power poles and an additional power load of 200,000 kilowatts, with the main transformer successfully tested on July 15, entering the next production phase [2]. Group 2: Company Support and Services - Nanfang Company emphasizes the need for continuous and stable operation of its high-purity silicon production line, highlighting the critical reliability of power supply [2]. - Qinghai Haixi Power Supply Company has introduced customized services to optimize the business environment, including proactive engagement during project planning and providing tailored solutions throughout the construction and operational phases [3]. - The company employs a "segmented digital acceptance" mechanism to ensure timely responses to the energy needs of enterprises, with a dual-responsibility system for major projects to provide precise energy analysis [3].

Group 1 - The core viewpoint of the article highlights significant developments in the construction and real estate management sector, showcasing various projects and their financial implications [1][2][3] - Greentown China reported a total sales amount of approximately 31.1 billion yuan from its entrusted construction projects in the first five months [1][9] - CIFI Construction Management secured its first non-performing asset revitalization project in Northeast China, covering an area of about 250,000 square meters [2][3] Group 2 - Greenland Intelligent Manufacturing successfully won three benchmark project development and management service contracts [1][3] - China State Construction Engineering Corporation (CSCEC) won a bid for the Guangzhou Wenchong Street old village renovation project, valued at 2.07 billion yuan [1][6] - The total construction area for the Hainan Longji and Heyuefu project is 220,900 square meters, with a total floor area of 157,100 square meters [3][4] Group 3 - The Xiamen Wai Fu Primary School project, managed by China International Trade Real Estate, has successfully completed its construction [1][9] - The project sales area for the first five months reached 2.33 million square meters, with a sales amount of approximately 31.1 billion yuan [1][9] - Jiangsu Guolian Blue City Construction Management Co., Ltd. won a bid for the Huai'an Yellow River Driving School residential project, with a transaction amount of 348 million yuan [9][10]