团体成员、电子工程师胡安·卡里克时常会走进学校，教导孩子们如何使用电子垃圾制作温度传感器或者电机 控制器一类的简单设备。"买现成的电子产品，和用电子垃圾碎片自己亲自动手改造，这两种体验大相径庭。"卡 里克强调。 卡里克强烈抨击"计划性报废策略"，即企业故意将产品设计成在使用一段时间后就过时并进行报废处理的模 式。他通过一款免费应用程序，让自己的血糖测试仪可以同手机兼容，从而延长了这款设备的使用寿命，甚至超 过了厂商标注的理论报废年限。卡里克称，这样做是为了"夺回判断电子产品能否被继续使用的权利"。 法新社8月27日文章，原题：旧物仍可用，阿根廷团体赋予电子垃圾"新生" 需要新游戏主机？用呼吸机改造 出一台。有闲置的旧支付终端？那就把它变成摄像机！这些创意作品都来自阿根廷的"电子垃圾探索者"，这是一 群富有巧思的科技爱好者组成的团体，他们擅长赋予电子垃圾"新生"。组织成员埃斯特万·帕拉迪诺表示："我们 尝试通过回收和改造别人直接扔掉的电子垃圾，来开展新奇的科技实验。这场运动兼具慈善、科学属性和趣味 性。" 联合国2024年发布的科学报告显示，阿根廷平均每年产生52万吨电子垃圾，这一数据在美洲仅次于美国、巴 西、 ...

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a potential upside of over 15% relative to the benchmark index [6]. Core Views - The company is expected to achieve a net profit attributable to shareholders of between 180 million to 240 million yuan for H1 2025, representing a year-on-year growth of 43.8% to 91.8% [1]. - The strong growth in net profit is primarily driven by the accelerated construction of data centers in the internet sector and improved operational efficiency [2]. - The company continues to explore applications for digital currency in cross-border payments, positioning itself as a key player in the digital finance landscape [3]. - The strategic transformation towards "ICT and AI application solutions" is ongoing, with multiple AI application scenarios being explored [4]. - The projected net profits for 2025, 2026, and 2027 are estimated at 550 million, 720 million, and 880 million yuan respectively, with corresponding PE ratios of 26, 20, and 16 [4]. Summary by Sections Financial Performance - For H1 2025, the company anticipates a net profit of 180 million to 240 million yuan, with a growth rate of 43.8% to 91.8% year-on-year [1]. - The second quarter is expected to show a net profit of 140 million to 200 million yuan, reflecting a year-on-year increase of 41.4% to 91.8% and a quarter-on-quarter growth of 227.3% to 369.8% [1][2]. Market Position - The company has maintained its leading position in the 200G/400G data center switch market in China for 13 consecutive quarters, indicating strong market dominance [2]. - The company secured a 21% share in a recent procurement by China Mobile for data center switches, amounting to 350 million yuan [2]. Strategic Initiatives - The subsidiary, Ascend Information, is actively involved in the digital currency sector and is exploring cross-border payment applications [3]. - The company is focusing on AI applications and has launched various innovative solutions in the metaverse and smart retail sectors [4]. Financial Projections - The company forecasts revenues of 16.758 billion yuan for 2024, with a growth rate of 5.3%, and expects revenues to reach 30.12 billion yuan by 2027, with a growth rate of 20.9% [5][10]. - The projected net profit for 2024 is 405 million yuan, with a decline of 4.8%, followed by significant growth in subsequent years [5][10].

在非校园市场，公司依托技术复用优势拓展政企与农水领域，智慧政企解决方案收入占比达15.08%， 新增中韩石油化工、福耀玻璃（600660）等行业龙头客户；智慧农业业务收入同比增长43%，在山西孝 义、河南伊川等地打造智慧灌溉、水肥一体化标杆项目，助力农业数字化转型。K12及中职市场新增客 户超1100所，"1+3"数字食堂监管平台在河南、湖北等地快速落地，覆盖700余所中小学，打开基础教育 信息化增量空间。 从政策层面来看，《教育强国建设规划纲要》的发布，推动了教育信息化持续投入，为公司核心业务提 供长期赛道支撑。新开普前瞻性布局AI+教育，星普大模型实现校园私域数据本地化训练，降低高校算 力投入门槛；信创领域，南昌大学等项目完成全场景可信支付覆盖，适配国产化技术体系，契合国家信 息安全战略。 作为国内高校智慧校园领域龙头，新开普在校园信息化产品的市场占有率超过40%，业务覆盖清华大 学、北京大学等千余所高校。2024年，公司持续深化"码卡脸"一校通等核心解决方案，"码卡脸"一校通 平台新增中国科学技术大学、香港城市大学(东莞)等近40所高校客户，老客户升级改造项目近50所，在 生物识别支付(如北京科技大学掌 ...