在数字浪潮席卷全球的今天，商业领域正经历着前所未有的变革。作为领先的数字商业解决方案提供 商，汇纳科技凭借其前沿的技术和创新的商业模式，正成为推动实体商业转型升级的核心力量。 数字底座：构建商业智慧基石 汇纳科技通过公司旗下产品汇客云大数据平台，打造了"实体商业数字底座"，这是一套面向行业的定制 化数据建模应用服务。这一数字底座以 AI 机器视觉和大数据为核心，整合了遍布全国的 AIOT 设备、 数据采集团队以及多渠道数据资源，构建了涵盖商业环境、商圈概况、商场基础信息、品牌库、互联网 数据等多维度的商业数据体系。 汇客云的数字底座利用自研的计算机视觉 Re-ID 技术，对线下商业场景进行深度分析，能够精准识别多 种姿态和角度的行人目标，准确还原顾客的游逛行为轨迹。基于此，汇客云为百货商场、购物中心和零 售品牌提供了一系列关键的分析指标，包括客流人次、去重客流、平均游逛时间、顾客店铺品牌业态游 逛关联等。这些数据不仅帮助商场管理者深入了解消费者行为，还为品牌商提供了过店客流、进店客 流、店内停留分析、商品热度分析等重要信息，助力其优化店铺运营和商品布局。 精准客流系统：驱动商业运营革新 在流量精耕方面，精准客 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [6][8]. Core Views - The company is undergoing a significant transformation driven by "intelligent computing power + data elements," focusing on AI capabilities to enhance its market competitiveness and operational efficiency [3][5][6]. - The financial outlook shows a narrowing of losses, with projected net profits increasing significantly from 2025 to 2027, indicating a potential turning point in profitability [5][6][7]. Summary by Sections 1. AI and Big Data-Driven Core Business Layout - The company is building a high-performance computing service ecosystem, aligning with national strategies and forming joint ventures to enhance its computing power capabilities [13]. - The "HuiKe Cloud" platform is central to the company's data assetization process, integrating extensive offline commercial data to provide intelligent decision-making solutions [14][16]. - A change in actual control is anticipated, with a strategic shift towards integrating 3D printing, AI, and computing power [17][20]. 2. Large Models Driving Industrial Transformation - The emergence of open-source ecosystems is facilitating rapid innovation in vertical applications, with the company leveraging these advancements to enhance its AI capabilities [4][35]. - The introduction of the "Doubao Video World" model represents a breakthrough in visual cognition, enabling new applications in various fields without reliance on textual data [38][42]. 3. Financial Overview: Narrowing Losses and Strengthening Long-Term Value - The company has experienced revenue fluctuations and short-term profitability pressures, primarily due to high R&D expenditures and fixed costs [59]. - The transition to data services has led to a significant improvement in gross margins, indicating the effectiveness of the strategic shift towards becoming a data service provider [61]. 4. Profit Forecast and Investment Recommendations - The company is expected to see substantial growth in net profits from 2025 to 2027, with earnings per share projected to rise significantly [6][7]. - The report emphasizes the potential for the company's AI and data services to drive future growth, supported by favorable market conditions and policy incentives [6][54].

Investment Rating - The report initiates coverage with a "Buy" rating for the company [6][8]. Core Views - The company is undergoing a significant transformation driven by "intelligent computing power + data elements," focusing on AI capabilities to enhance its market competitiveness and operational efficiency [3][5][6]. - The financial outlook shows a narrowing of losses, with projected net profits increasing significantly from 2025 to 2027, indicating a potential turning point in profitability [5][6][7]. Summary by Sections 1. AI and Big Data-Driven Core Business Layout - The company is building a digital transformation foundation through a dual-engine strategy of intelligent computing power and data elements, integrating high-performance computing services [13]. - The company plans to change its actual controller, which may accelerate its strategic transformation into a new layout combining 3D printing, AI, and computing power [17][20]. - The company has developed a customer flow analysis system and a remote store inspection system, leveraging AI to enhance decision-making in commercial operations [21][24]. 2. Large Models Driving Industrial Transformation - The emergence of open-source ecosystems is facilitating the rapid development of vertical applications, with the company positioned to leverage these advancements [4][35]. - The introduction of the "Doubao Video World" model represents a breakthrough in visual cognition, allowing for video generation without text prompts, thus reshaping application paradigms [38][42]. 3. Financial Overview: Narrowing Losses and Strengthening Long-Term Value - The company has experienced revenue fluctuations and short-term profit pressures, primarily due to high R&D expenditures and fixed costs [5][59]. - The transition to data services has led to a significant increase in gross margins, indicating the effectiveness of the strategic shift towards becoming a data service provider [61]. 4. Profit Forecast and Investment Recommendations - The company is expected to see substantial growth in net profits from 2025 to 2027, with projected earnings per share (EPS) increasing from 0.10 yuan to 0.46 yuan [6][7]. - The report emphasizes the potential for the company's AI and data services to drive future growth, supported by favorable policy trends and market demand [54][64].

答：尊敬的投资者您好，2024 年公司实现营业收入 36,334.74 万元，实现归属于上市 公司股东净利润-2,386.15 万元，较 2023 年减亏 1,016.61 万元，减亏 29.88%，感谢您 对公司的关注。 问题 2：公司之后的盈利有什么增长点？ 答：尊敬的投资者，您好，2025 年，公司将牢牢抓住产业发展机会，持续迭代 AI 研 发工作，积极推进业务开拓与企业经营管理，努力实现财务业绩的持续改善。第一， 在商业服务板块，公司将继续推进"汇客云"大数据产品和服务战略，一方面，不断 加大数据样本的采集，扩大数据规模、丰富数据维度、细化数据颗粒度，另一方面不 断挖掘数据价值，持续推出新的数据产品。第二，在公共服务板块，基于现有已成熟 的解决方案，大力拓展相关业务，持续赋能政企客户数字化转型，并积极加强自有产 品体系建设。第三，在算力业务领域，充分利用自有算力资源，开拓算力服务客户， 保持业务良好发展。第四，在大模型与大数据等各类新兴技术应用方面，积极加强研 发工作，做好新兴技术在业务场景的落地应用，持续提升公司核心竞争力。感谢您对 公司的关注。 证券代码：300609 证券简称：汇纳科技 汇纳科技 ...