公司持续巩固在国产数据库行业的领先地位，子公司电科金仓在继续保持党政领域领先优势的同时，加 速关键行业拓展，25H1 签约中国移动、中国海油、一汽奔腾、阜外医院、国电投数科、中冶天工集团 等行业典型客户，25H1电科金仓营收1.5 亿元，同比+66.11%。25 年7 月，电科金仓在2025 产品发布会 上推出融合数据库KES V9 2025、企业级统一管控平台KEMCC、数据库一体机（云数据库AI 版）、企 业级智能海量数据集成平台KFS Ultra四款创新成果，打造融合AI 的新一代融合数据库产品。我们认 为，受益于信创需求释放，公司数据库业务有望加速放量，看好公司产品技术优势。 加强管理提质增效，25H1 利润由亏转盈 太极股份发布半年报，2025 年H1 实现营收37.82 亿元（yoy+44.69%），归母净利964.67 万元（ yoy+106.07% ） ， 扣非净利720.68 万元（yoy+104.39%）。其中Q2 实现营收23.85 亿元 （yoy+150.51%），归母净利-661.45 万元（yoy+96.22%）。公司营收同比高增主要受益于AI 大模型带 动云与数据服务（营收yoy ...

Core Insights - The company launched several new products aimed at enhancing database capabilities in the AI era, including KES V9 2025, KEMCC, a cloud database AI version, and KFS Ultra [1] Group 1: KES V9 2025 - KES V9 2025 is designed as a next-generation database benchmark to meet diverse user needs in the AI era, featuring integrated compatibility across multiple syntax systems and data models [2] - It supports compatibility with Oracle, MySQL, SQL Server (99% coverage), and Sybase (95% coverage), along with new support for key-value, document, and vector data models [2] - Performance improvements are achieved through optimizations in computation frameworks, storage organization, and resource scheduling, significantly enhancing overall performance [2] Group 2: KEMCC - KEMCC is introduced as an enterprise-level unified management platform that offers comprehensive database lifecycle management services [3] - The platform integrates the database ecosystem and supports unified management of various database instances across different clouds and environments [3] - It features a visual management interface that simplifies operations and automates management tasks [3] Group 3: Cloud Database AI Version and KFS Ultra - The new cloud database AI version combines the database, hyper-converged platform, high-performance hardware, and AI models to provide a cost-effective private cloud solution [4] - It features the "Chitu Acceleration Engine," achieving a throughput of millions of concurrent connections and sub-millisecond response times, with overall database performance improved by 30% [4] - KFS Ultra is an intelligent data integration platform that supports over a hundred data sources and models, with a daily throughput capacity reaching hundreds of billions [5] - The platform includes an AI assistant for smart operational support, covering installation, performance tuning, and fault diagnosis [5] Group 4: Market Positioning - The company has launched a new brand slogan "Database Replacement with Jincang" to address concerns regarding the complexity and risks of migrating from foreign databases [5] - It offers professional migration solutions that aim to minimize risks, costs, and operational disruptions during the database replacement process [5]