Core Viewpoint - The article discusses the transformation of China's communication industry from "Internet of Everything" to "Intelligent Internet of Everything," highlighting the role of Haohan Deep (688292) in this AI revolution and its efforts to redefine its position in the market [1]. Group 1: AI Integration and Strategy - Haohan Deep is focusing on building an integrated AI engine that combines cloud, network, edge, and terminal, aiming to enhance decision-making efficiency and collaborative trust in the industry [2]. - The company has shifted from traditional network visualization to becoming an "intelligent hub," utilizing machine learning to proactively predict security threats rather than reactively responding to them [1][2]. - The company emphasizes a dual-driven strategy of "empowerment" and "protection," ensuring that each iteration of intelligence is reliable, verifiable, and traceable [2]. Group 2: Partnerships and Innovations - In June 2024, Haohan Deep signed a cooperation agreement with Huawei to leverage Huawei's Ascend full-stack solutions for AI application innovation [2]. - By 2025, Haohan Deep plans to collaborate with UnionPay's data subsidiary to apply its self-developed "Morning Star" large model in the intelligent call sector, expanding its reach in financial services [3]. Group 3: New Concepts and Ecosystem Development - The concept of "Intelligent Agent Internet" is introduced, where AI agents with autonomous decision-making capabilities will redefine connection logic in the digital world [3][4]. - Haohan Deep aims to create a new ecosystem that allows various intelligent agents to collaborate and generate value, focusing on open interfaces, data contracts, and revenue-sharing rules [4]. Group 4: Future Plans and Market Positioning - The company has outlined a three-step strategy to establish a platform for financial and security projects, develop an A2A interconnection protocol, and promote the Intelligent Agent Internet across various sectors [4]. - Haohan Deep is positioned to leverage China's vast data resources, rich scenarios, and strong computing power to contribute to the development of the AI industry, aiming for sustainable growth through its dual-driven strategy [5].

Core Viewpoint - The financial performance of Haohan Deep (688292) for the first half of 2025 shows significant declines in revenue and net profit, indicating potential challenges ahead for the company [1] Financial Performance Summary - Total revenue for the first half of 2025 was 154 million yuan, a decrease of 34.95% year-on-year [1] - Net profit attributable to shareholders was 2.53 million yuan, down 92.58% year-on-year [1] - Gross margin improved to 65.27%, an increase of 21.95% year-on-year, while net margin fell to -0.56%, a decrease of 103.87% year-on-year [1] - The total of selling, administrative, and financial expenses reached 56.23 million yuan, accounting for 36.58% of total revenue, up 117.09% year-on-year [1] Key Financial Metrics - Earnings per share dropped to 0.02 yuan, a decline of 90.91% year-on-year [1] - Cash flow from operating activities showed a slight improvement, with a net cash flow of -0.03 yuan per share, an increase of 34.6% year-on-year [1] - The company’s total assets included 406 million yuan in cash, a significant increase of 117.79% year-on-year [3] Changes in Financial Items - The issuance of convertible bonds raised 354.29 million yuan, impacting cash and trading financial assets [3][11] - Accounts receivable decreased by 12.28% to 168 million yuan [1] - Significant increases in interest expenses were noted due to the issuance of convertible bonds, with financial expenses rising by 361.17% [9] Business Strategy and Future Outlook - The company aims to leverage the "Digital China" strategy and the opportunities presented by the AI industry revolution, focusing on enhancing its capabilities in digital security and data processing [15][19] - Haohan Deep is actively involved in the development of AI solutions, including the Haohan Morning Star AI model and digital content forgery detection systems [18] - The company is expanding its market presence in the financial sector through partnerships, such as with UnionPay Data, to enhance AI-driven financial services [21][22] Industry Position and Competitive Advantage - The company has established a strong foundation in data infrastructure and vertical market understanding, which positions it well for future growth in the data element market [16] - Haohan Deep is recognized as a leader in network visualization and AI forgery detection, contributing to national-level public internet security initiatives [19]

Core Viewpoint - Beijing Haohan Data Technology Co., Ltd. reported a significant decline in revenue and profit for the first half of 2025, indicating challenges in the software and information technology service industry despite overall industry growth [3][4][7]. Company Overview and Financial Indicators - The company’s revenue for the first half of 2025 was approximately 153.71 million yuan, a decrease of 34.95% compared to the same period in the previous year [3]. - The total profit for the period was a loss of approximately 6.47 million yuan, a decline of 118.38% year-on-year [3]. - The net profit attributable to shareholders was approximately 2.53 million yuan, down 92.58% from the previous year [3]. - The company’s total assets increased by 34.55% to approximately 1.63 billion yuan compared to the end of the previous year [3]. Industry Development - The software and information technology service industry in China is experiencing steady growth, with software business revenue reaching 705.85 billion yuan in the first half of 2025, a year-on-year increase of 11.9% [7]. - The industry is characterized by rapid technological updates, high product added value, and a wide range of applications, making it a foundational and strategic sector for national development [7][8]. - The industry faces high entry barriers due to the need for specialized technical personnel and continuous innovation [8][9]. Market Opportunities - The network visualization market is expected to grow significantly, driven by the rapid development of the internet and the implementation of the "Broadband China" strategy [11][12]. - The demand for network visualization is increasing due to the explosion of data traffic and the need for enhanced network management and optimization [15][16]. - The integration of 5G technology and advancements in artificial intelligence are expected to further propel the growth of the network visualization industry [14][15]. Information Security Market - The information security industry in China is rapidly growing, with a projected market size approaching 400 billion yuan by 2026, driven by increasing digitalization and regulatory support [17][18]. - The market is expected to see significant growth in cloud security and IoT security, as these areas become critical due to rising security threats [18][20]. - The introduction of artificial intelligence in information security is enhancing threat detection and response capabilities, although it also presents new challenges [20][21].