拓尔思 20250820 摘要 拓尔思 2025 年上半年营收虽受外部环境和季节性影响承压，但公共安 全业务稳定及降本增效措施，如经营活动支出减少 2,165 万元和信创采 购支出减少，有效缓解了压力。下半年随着招标项目增加，环比改善趋 势明确。 公司坚持 AI 及数据赛道高研发投入，研发费用率达 27.3%，总额 1.44 亿元，重点布局海外版企业级大数据和智能分析产品、多模态大模型、 智能体应用及全球数据采集，为未来增长提供动力。 拓尔思加速人工智能产品研发与应用，升级新一代智能底座，以拓天大 模型为核心构建多智能体协同操作系统，已在金融、公安、政府等领域 私有化加云方式部署超 300 个 AI agent 项目。 公司持续增强数据资产和数据产业化服务能力，拓展全球多语种信息采 集，深化数据标注，提升数据治理质量，新增格力电器、新元股份等 100 多家客户，数据资源获市场认可。 拓尔思在泛安全行业合同额同比增长 61%，深耕特种行业辅助决策赛道， 拓展非法资金追踪与分析查控及认知域业务支撑平台两大核心能力，成 为新的增长点。 Q&A 拓尔思 2025 年上半年经营情况如何？ 2025 年上半年，拓尔思的收 ...

Core Insights - The article discusses the evolution of artificial intelligence from 1.0 to 2.0, highlighting SenseTime's breakthroughs in multimodal interaction technology and its applications across various sectors [1][2]. Group 1: AI Evolution - SenseTime has transitioned from focusing on computer vision in the AI 1.0 era to promoting multimodal interaction innovations in the AI 2.0 era, driven by the rise of large model technologies in 2023 [1]. - The concept of "seeing is believing" is emphasized, integrating video, images, and voice to enable real-time interaction with humans [1]. Group 2: Applications in Education - In the education sector, SenseTime collaborates with learning device manufacturers to develop interactive devices that utilize real-time algorithms to assist children in solving problems and recognizing errors [2]. - The system supports interactive storytelling for young children by converting images into narratives, and SenseTime has partnered with around 10 schools to create smart campus assistants for managing course schedules and grade inquiries [2]. Group 3: Intelligent Applications - SenseTime's intelligent applications include algorithms that analyze industry data to assist in warehouse leasing scenarios and generate lease management solutions [2]. - In customer service, SenseTime collaborates with well-known operators to create efficient intelligent agents, and in smart home applications, it enhances family interaction through AI technology [2]. - The advantage of multimodal large models lies in enabling smoother interactions beyond text command recognition, utilizing visual and multidimensional information [2].

Core Viewpoint - The establishment of Shanghai's first Digital Public Service Center aims to facilitate the digital transformation of enterprises by providing accessible and cost-effective digital products and services [1][3]. Group 1: Digital Public Service Center Overview - The Digital Public Service Center was inaugurated on May 24 in the Caohejing Development Zone, Shanghai [3]. - The center addresses challenges such as fragmented digital services, high costs of computing power and data, and difficulties in supply-demand matching for enterprises [1][3]. Group 2: Services Offered - The service offerings include data resources, computing facilities, artificial intelligence, digital tools, and professional services [1]. - A consortium of 16 organizations, including universities and credit promotion centers, was formed to provide comprehensive services, covering both online products and offline services such as legal advice and talent training [3][5]. - The initial service package includes a "Newbie Package" offering free services for the first six months, which includes 280T FLOPS of computing power, 6TB of data resources, and access to various software tools and consulting services [3][4]. Group 3: Service Philosophy - The service philosophy emphasizes "integrated innovation" and "accompaniment service," focusing on matching enterprise needs with digital products to achieve scale effects [5]. - The service model aims for a one-stop solution that includes precise matching, quick deployment, and efficient operation, leveraging a public service cluster for rapid digital capability deployment [5].

Core Viewpoint - Runjian Co., Ltd. reported a revenue of 9.199 billion yuan for 2024, marking a year-on-year growth of 4.23%, with a net profit of 247 million yuan, while also announcing a cash dividend distribution plan [1] Group 1: Financial Performance - The company achieved an operating income of 9.199 billion yuan and a net profit of 247 million yuan in 2024 [1] - The net cash flow from operating activities was 266 million yuan [1] - The proposed cash dividend is 1.3 yuan per 10 shares, totaling 36.9308 million yuan [1] Group 2: Business Segments - The communication network business maintained stable growth, while the digital network business (formerly information network) showed recovery and stable growth [2] - The AI application business, based on the "Quchi" platform, has developed over 60 intelligent applications across various sectors, including communication, education, and energy [2] - The energy network business has a total installed capacity of over 20 GW in wind, solar, and energy storage projects, with a growing share of operation and maintenance services [2] Group 3: Strategic Initiatives - The company upgraded its strategic positioning to focus on management and operation of communication and energy networks, with a strategy of "AI-led, three-engine drive, intelligent empowerment across industries" [1] - Runjian Co., Ltd. is actively expanding its overseas business, particularly in the ASEAN region, leveraging its location advantages and project experience [3] - The company has undertaken over 700 local projects in the ASEAN region and completed more than 20 data center or computing center projects [3]