Core Viewpoint - The company, Unisplendour Corporation Limited, reported significant growth in its 2025 semi-annual report, driven by its strategic focus on AI and technological innovation [1][3]. Financial Performance - The company achieved an operating revenue of 47.42 billion yuan, representing a year-on-year increase of 25% [1]. - The net profit attributable to shareholders, excluding non-recurring items, was 1.12 billion yuan, reflecting a growth of 25.1% [1]. - The core subsidiary, H3C Group, generated an operating revenue of 36.4 billion yuan, with a remarkable year-on-year growth of 37.7%, marking the highest growth rate in five years [1]. Business Segments - The government enterprise business and overseas business showed exceptional performance, with growth rates of 53.6% and 60.3% respectively, indicating strong development momentum [1]. - The company is deepening its "AI in ALL" strategy, enhancing its computing power and connectivity solutions to meet customer demands in various sectors [2]. Strategic Initiatives - The company is innovating in the intelligent computing industry model and expanding the Turing Town as a benchmark demonstration, establishing a comprehensive service platform for computing power [2]. - Strategic partnerships have been formed with provinces such as Qinghai and Guangxi, with seven Turing Towns either completed or under construction [2]. Future Outlook - Intelligent computing and AI-related businesses are expected to become the core growth engines in the market, with the company poised to leverage its technological advantages and market expansion capabilities [3].

8月29日晚，紫光股份（000938）发布2025年半年报，公司业绩实现大幅增长，跑出AI赛道加速度。其 中，营业收入474.2亿元，同比增长25%；扣非归母净利润11.2亿元，同比增长25.1%，盈利水平进一步 提升。 核心子公司新华三上半年实现营业收入364亿元，同比增长37.7%，增速创五年以来新高。作为公司基 本盘的政企业务和作为第二增长曲线的海外业务表现尤其亮眼，分别取得53.6%和60.3%的超高速增 长，彰显公司发展的强劲爆发力。 优异业绩的取得，得益于公司对AI历史机遇的洞见和把握，通过坚定的战略投入和持续的技术创新， 实现公司实力与时代红利的共振爆发。 一方面，公司持续深化"AI in ALL"战略，充分发挥"算力×联接"的乘数效应，全面升级灵犀智算解决方 案，高效满足客户在模型训推效率、大规模算力集群部署、绿色节能与智能运维等方面的核心需求。 推出"数据快递"高通量广域网传输方案：通过超大规模文件远距离高效传输创新技术，破解跨数据中心 协同训练、敏感样本边传边训、模型实时分发等难题，实现千公里以上TB级数据分钟级可达。 推出AI数据平台解决方案：以Polaris X20000系列高性能存储 ...

[Table_Title] AI 深度融合，聚焦"算力+联接" 证券研究报告|公司点评报告 [Table_Date] 2025 年 04 月 29 日 [Table_Title2] 紫光股份(000938) [Table_Summary] 1、事件 公司 2024 年实现营业收入 790.24 亿元，同比增长 2.22%；利润总额达到 22.27 亿元，同比减少 40.78%；实现 归母净利润 15.72 亿元，同比减少 25.23%；扣非归母净利润 14.56 亿元，同比减少 13.06%。 2025Q1 实现总营业收入 207.90 亿元，同比增长 22.25%；利润总额达到 4.19 亿元，同比减少 45.34%；实现归 母净利润 3.49 亿元，同比减少 15.75%。 2、新华三营收 551 亿元，AI 推动政企业务增长， 2024 年，公司控股子公司新华三营业收入达到 550.74 亿元，同比增长 6.04%。其中， 国内政企业务收入 442.39 亿元，同比增长 10.96%，在数字政府、智慧企业、数字金融、智慧医疗、智慧交 通和智慧能源领域持续落地行业数字化应用。 国内运营商业务收入 79.1 ...