12家"隐形独角兽"企业登台路演，现场一对一精准对接，多家机构现场邀约……12月3日，由青岛市民 营经济发展局指导，青岛市中小企业公共服务中心、北京隐形独角兽信息科技院共同主办，青岛蓝海股 权交易中心承办的"2025独角兽企业500强大会之重点项目融资路演活动"举行。本次路演活动聚焦解决 隐形独角兽企业发展中面临的"融资对接难、产业融合浅、场景落地慢"等核心痛点，定向邀请国内知名 投资机构与产业链龙头企业，与精选的隐形独角兽企业进行闭门对接，推动资本与产业深度融合，为培 育新质生产力、打造现代产业先行城市提供新动能。 活动现场，逢时（青岛）海洋科技股份有限公司、飞诺门阵（北京）科技有限公司、北京视界求索人工 智能科技有限公司、青岛诺安百特生物技术有限公司等12家聚焦蓝色经济、生物医药、人工智能、具身 机器人、新能源、新材料等行业高潜力赛道的"隐形独角兽"企业登台路演，展现民营企业的创新活力与 发展潜力。 12家"隐形独角兽"企业登台路演 今年以来，青岛市通过深化融资对接服务、搭建资本桥梁、优化营商环境等务实举措，精准支持拥有核 心技术的高成长性企业加速发展，推动青岛民营经济向高端化、智能化、绿色化转型升级。 ...

12月3日，由青岛市民营经济发展局指导，青岛市中小企业公共服务中心、北京隐形独角兽信息科技院 共同主办，青岛蓝海股权交易中心承办，青岛市上市公司协会、青岛财富管理基金业协会、青岛市公众 公司协会、青岛资本市场服务基地协办的"2025独角兽企业500强大会之重点项目融资路演活动"在青岛 市崂山区成功举行。本次路演活动聚焦解决隐形独角兽企业发展中面临的"融资对接难、产业融合浅、 场景落地慢"等核心痛点，依托青岛市民营经济高质量发展路演中心，结合青岛产业优势，定向邀请国 内知名投资机构与产业链龙头企业，与精选的隐形独角兽企业进行闭门对接，推动资本与产业深度融 合，为培育新质生产力、打造现代产业先行城市提供新动能。 蓝色经济领域，逢时（青岛）海洋科技作为国家级专精特新"小巨人"，深耕南极磷虾高值化利用，打造 全球销量领先的磷虾油产品矩阵，手握多项核心技术与专利，品牌价值超390亿元，致力成为医学营养 第一品牌与海洋药物第一股。 生物医药赛道，青岛诺安百特作为噬菌体产业化龙头，建有国内领先的菌毒株库与全球首个兽用噬菌体 GMP工厂，核心产品获临床批件及GRAS认证，发酵效率超行业10倍，拟融资1亿元用于推进产品研发 与 ...

Core Viewpoint - Guangdian Yuntong (002152) is collaborating with Baidu Kunlun Chip on the research and market promotion of computing power integrated machines [1] Group 1 - Guangdian Yuntong's subsidiary, Guangdian Wuzhou, is involved in the product development [1] - The partnership aims to enhance capabilities in computing power solutions [1]

Core Viewpoint - He Sheng New Materials experienced a limit-up on September 15, closing at 38.72 yuan, driven by strong performance growth, strategic investments, management confidence, and sector momentum [1]. Financial Performance - The company reported a 58.31% year-on-year increase in net profit for the first half of 2025, with a 57.4% increase in net profit after deducting non-recurring items [1]. - Export revenue grew by 13.65%, and gross margin improved by 8.49 percentage points [1]. Strategic Investments - He Sheng New Materials made a strategic investment of 250 million yuan in Shanghai Yizhi Electronic Technology, focusing on high-end server processor chip design [1]. - The company also entered the artificial intelligence chip and large model application fields through its stake in Shanghai Haixi Technology, enhancing expectations for business diversification [1]. Management Confidence - Company director Wu Haifeng announced a plan to increase his shareholding by 10 to 20 million yuan, signaling management's confidence in the company's future [1]. Market Dynamics - On the same day, the white goods and electronic technology sectors showed active performance, creating a market resonance effect [1]. - The net inflow of main funds was 57.03 million yuan, accounting for 21.92% of the total trading volume [2]. Recent Fund Flow Overview - The recent fund flow data indicates a significant net inflow of main funds on September 15, with a 10% increase in stock price [2]. - The previous trading days showed fluctuations in fund flows, with varying net inflows and outflows from main, retail, and speculative funds [2]. Sector Performance - The white goods concept rose by 0.23%, while the computing integrated machine concept increased by 0.21% on the same day [4].

Company Overview - Shenzhen Zhimi Intelligent Technology Co., Ltd. is a leading provider of intelligent internet hardware products and solutions in China, recognized as a national high-tech enterprise and a "specialized and innovative" small giant enterprise [2][3] - The company focuses on building a robust hardware foundation for industrial digitalization, promoting intelligent internet applications across various scenarios [2][3] Business Segments - Main business areas include industry terminals (e.g., PCs, OPS, cloud terminals), ICT infrastructure (servers, switches, cybersecurity hardware), industrial IoT (robot controllers, industrial motherboards, industrial computers, AI edge devices), and intelligent computing [3][4] - The product layout meets diverse AI application needs in sectors such as AI high-performance computing, robotics, smart education, smart office, smart finance, industrial automation, and smart healthcare [3][4] Strengths in Computing Power - The company aims to be an "AIGC full lifecycle service provider," focusing on computing power planning and equipment supply, with computing power leasing as a new growth area [3][5] - As of mid-2025, the order backlog has exceeded the total for the previous year, indicating strong market competitiveness [3][5] - The HAT cloud platform, launched in April 2025, offers flexible resource scheduling and cost optimization, supporting various customer needs with a standardized computing power unit and pay-per-use model [3][5] Product Innovations - The "Zhiqing" series of robot brain domain controllers utilizes NVIDIA Jetson chips, offering AI computing options ranging from 100 TOPS to 2070 FP4 TFLOPS [4][6] - The company has established a comprehensive "end-to-end" service system covering the entire lifecycle of equipment, ensuring timely service response and reliable spare parts supply [3][5] Future Strategy - The company plans to embrace AI comprehensively, focusing on three main areas: cloud, edge, and terminal, with five product categories in development [5][6] - In the edge AI sector, the company offers integrated computing power machines with various configurations to meet diverse computing needs in professional creation, data centers, and high-performance computing clusters [6][7] - The generative AI BOX supports local deployment of models, covering large language models (LLM) and visual language models (VLM), providing robust support for complex applications [6][7]

Core Insights - The company, Beijing Zhizhen Technology Co., Ltd., is facing a decline in revenue due to cost-cutting strategies by telecom operators, impacting its software development business orders [2] - The company is actively developing next-generation OSS product platforms to create new revenue opportunities [2] - The Zhengzhou Airport computing power project is progressing steadily and is expected to generate new business income over a five-year operational period [3] - The company has a clear operational strategy focusing on the development of new projects and products in the computing power sector [4] - There are currently no demands for mergers and acquisitions, and the company's private placement is under review [5] Revenue Performance - For the first half of 2025, the company achieved operating revenue of 106.0354 million yuan, a decline compared to the same period last year [2] - The decrease in revenue is primarily attributed to a reduction in software development business orders due to telecom operators' efficiency strategies [2] Project Development - The Zhengzhou Airport computing power project is being constructed by the company's wholly-owned subsidiary and is on track, with equipment procurement and testing underway [3] - The project is expected to contribute to new business income during its operational phase [3] Strategic Focus - The company is advancing strategic new projects, including the Zhengzhou Airport intelligent computing center and various computing power service products [4] - The focus remains on the computing power sector, with ongoing projects expected to gradually generate revenue [4] Financial Activities - The company currently has no requirements for mergers and acquisitions [5] - The private placement for 2024 has been reviewed by the Shenzhen Stock Exchange and is pending further approvals [5]

Core Insights - The company reported a revenue of 474,915,141.7 yuan for the first half of 2025, representing a year-on-year increase of 13.24%, attributed to a recovery in business and success in overseas markets [2][3] - The net profit attributable to shareholders was -216,857,353.16 yuan, an improvement from -258,937,390.04 yuan in the same period last year, indicating a reduction in losses due to business recovery and effective cost control [2][3] - The company’s total assets decreased by 6.1% year-on-year to 2,130,045,904.61 yuan, while net assets attributable to shareholders fell by 20.17% to 859,161,163.21 yuan [3] Financial Performance - Revenue for the first half of 2025 was 474,915,141.7 yuan, up from 419,371,421.01 yuan in the previous year, marking a 13.24% increase [3] - The net profit attributable to shareholders improved from -258,937,390.04 yuan to -216,857,353.16 yuan [3] - The net cash flow from operating activities showed a significant improvement, with a reduction in outflow from -414,287,257.46 yuan to -222,321,917.92 yuan, a 46.34% improvement [3] Strategic Developments - The company has elevated its overseas market development strategy to a company-wide strategic level, balancing it with domestic traditional markets [4] - Overseas revenue accounted for 31.23% of total revenue, more than doubling compared to the previous year [4] - The company is focusing on deepening its presence in traditional industries while exploring new opportunities in sectors like machine vision, big data, and artificial intelligence [5] R&D and Innovation - The company and its subsidiaries have obtained a total of 674 software copyrights, with 30 new patents granted in 2025, including 13 invention patents and 10 utility model patents [5]

Core Viewpoint - Neusoft Carrier (300183.SZ) stated on its investor interaction platform that its RISC chips are not utilized in integrated computing power machines [1] Group 1 - The company clarified the application of its RISC chips, indicating they are not part of integrated computing power solutions [1]

Group 1: Business Strategy and Performance - The company has adopted a comprehensive strategy for transitioning to intelligent computing, focusing on a multi-cloud approach to enhance resource utilization and service capabilities [2][3]. - In 2024, the company achieved a revenue of 139,679 million CNY, marking a 12% year-on-year growth, and has maintained steady growth for five consecutive years since its listing [6][13]. - The intelligent computing cloud business generated 18,287 million CNY in revenue, a significant increase of 184% year-on-year, with its revenue share rising from 5% to 13% [10][13]. Group 2: Cost Optimization and Profitability - The company is focusing on optimizing its cost structure as a key strategy for achieving profitability, implementing measures such as controlling fixed asset investments and enhancing supply chain efficiency [4][16]. - In 2024, gross margin improved by 3.8 percentage points, management salaries decreased by approximately 1%, and financial expenses were reduced by about 13% [4][16]. - Despite a net loss, the company has narrowed its losses, with a 10.86% reduction in net loss for 2024 and a 14.54% reduction in the first quarter of 2025 [3][7]. Group 3: Market Expansion and Future Growth - The company plans to expand its industry application scenarios and develop differentiated product features to meet diverse customer needs [5][11]. - The overseas market is a key component of the company's strategic layout, with revenue from this segment steadily increasing and achieving positive gross margins [8][14]. - The global cloud computing market is projected to reach 1 trillion CNY by 2025, with a year-on-year growth rate of 40.6%, indicating strong future demand for cloud services [12][14]. Group 4: Competitive Landscape and Industry Outlook - The company is positioned favorably within the competitive landscape, outperforming the average revenue growth rate of the computer industry, which was 8.8% in 2024 [12][13]. - The intelligent computing sector is expected to see significant growth driven by advancements in AI and related technologies, with the company actively investing in GPU computing and domestic chip adaptation [17][18]. - The overall industry is experiencing a transformation, with emerging technologies driving a new wave of growth in cloud computing and digital infrastructure [12][14].