每经记者｜张韵 每经编辑｜陈俊杰 8月27日，中远海科（002401.SZ，股价18.56元，市值68.98亿元）发布2025年半年度报告，公司上半年 实现营业收入7.89亿元，同比下降9.97%，归母净利润为983.02万元，同比下降91.21%。 报告期内，公司主营业务表现出现分化，数字城市与交通业务板块营收大幅下滑23.62%至3.68亿元，拖 累整体业绩。公司方面表示，受客户需求下降、行业竞争加剧等因素影响，板块中占比较大的高速公路 机电集成业务营收及毛利下降明显。 毛利率承压 报告期内，中远海科毛利率显著下滑，其中数字城市与交通业务毛利率仅为5.33%，同比下降15.30个百 分点。 公司方面表示，传统高速公路系统集成业务萎缩，部分系统集成、软件开发业务受企事业单位和政府机 构的预算管理、交付进度、审计结算等影响，毛利率相对较低。同时，数字化软件业务收入占比不断提 升，并存在季节性波动影响，上半年处于规划决策阶段，招标实施和验收回款多集中在下半年，导致上 下半年收入和利润可能存在不均衡，应收账款和合同资产逐渐增加。 财报显示，2025年上半年，中远海科的期末应收账款为1.62亿元，较上年末的0.67 ...

8月25日，中远海科（002401）2025年半年度报告显示，2025上半年公司实现营业收入7.89亿元，实现 归属于上市公司股东的净利润983.02万元。 公开资料显示，中远海科主要从事数字航运与供应链、数字城市与交通等业务。公司持续推进业务创 新，通过数智技术和实体业务深度融合，打造面向行业的数字化平台和产品，为行业客户提供端到端的 数字化、智能化解决方案。 对于业绩表现，中远海科在财报中表示，报告期内公司两大主业态势呈现差异化，公司数字航运与供应 链业务板块积极把握行业数字化转型升级机遇，实现营业收入4.14亿元，同比增加8.81%，保持稳健增 长势头。但数字城市与交通业务板块中占比较大的高速公路机电集成业务受客户需求下降、行业竞争加 剧等因素影响导致板块收入和毛利同比下降较为明显，实现营业收入3.68亿元，同比减少23.62%。 报告期内，中远海科营销中心统筹大客户营销，形成了"决策-管理-技术-执行"四级联动的立体营销体 系，显著缩短了大客户转化周期，战略级客户贡献明显增加。 在数字城市与交通业务方面，公司聚焦数字孪生、视频中台、道路养护、高速公路收费机器人等产品迭 代升级，打造市场竞争力。全国重点 ...

Core Insights - The China Maritime Museum Boao Digital Pavilion has opened, themed "Starry Seas and Future Chains: The Maritime Epic from Zheng He to COSCO Shipping" [1] - The pavilion features two main sections: the Zheng He Exhibition Hall and the COSCO Shipping Exhibition Hall, showcasing maritime history and modern shipping capabilities [1] Group 1: Zheng He Exhibition Hall - The Zheng He Exhibition Hall utilizes various digital formats to vividly present Zheng He's voyages from 1405, highlighting advanced shipbuilding techniques and navigation skills of the Ming Dynasty [1] - The exhibition illustrates the grandeur of Zheng He's fleet and the rich treasures carried, as well as the changes in trade routes during the voyages, creating a visual narrative of ancient maritime trade [1] - Digital restoration of ancient navigation techniques and the presentation of cultural exchanges, such as the introduction of exotic animals and trade in spices, immerse visitors in the prosperous maritime Silk Road era [1] Group 2: COSCO Shipping Exhibition Hall - The COSCO Shipping Exhibition Hall showcases modern shipping capabilities, featuring a 5D cinema experience with the film "Blue Driving Force," emphasizing the impact of maritime activities on human civilization and global economic development [2] - Advanced technologies like virtual reality and semi-physical simulations allow visitors to experience the thrill of sailing, opening a "digital door" to the real ocean [1][2] - The pavilion also highlights digital achievements in shipping technology, such as the "Ship Vision" platform for tracking global merchant ships and the "Hi-Dolphin" model for public service in the shipping industry [2] Group 3: Future Development Goals - The pavilion aims to establish an international dialogue platform for maritime civilization, incorporating global maritime digital resources [2] - It seeks to foster marine awareness among youth through interactive experiences, igniting patriotic enthusiasm for maritime endeavors [2] - The initiative will deepen the integration of "shipping + culture tourism + zero carbon" industries, injecting cultural vitality into Hainan's international tourism consumption center [2]

Group 1: Company Overview and R&D Investment - The company invested CNY 101 million in R&D in 2024, with a compound annual growth rate (CAGR) of 23.03% over the past five years [2][13] - The company has applied for and received 102 invention patents, with a CAGR of 50.28% over the past five years [2][13] - Continuous R&D investment and patent output have strengthened the company's technological barriers and provided robust momentum for long-term development [2][3] Group 2: AI and Digital Platforms - The company has developed the Hi-Dolphin model, which accumulates 1.2TB of annual data and enhances decision-making in shipping through deep reasoning engines [2][3] - The Hi-Dolphin model supports various applications, including API and Widget integrations, and offers private deployment for clients [3][4] - The Ship Vision platform has over 200,000 individual users and 1,800 corporate users, showing a positive growth trend [4][5] Group 3: Revenue Structure and Market Strategy - Approximately 44% of the company's revenue comes from internal group sources, while external revenue constitutes the majority [5] - The company is focused on expanding its digital shipping and supply chain products in external markets, targeting shipping owners, regulatory bodies, and financial institutions [5][6] - Future growth will leverage technological advantages and enhance marketing efforts to provide valuable digital empowerment products and data services [6][9] Group 4: Business Model and Profitability - The company is transitioning from project-based to product-based and platform-based business models to enhance sustainability [7][8] - Strategies to improve overall gross margin include optimizing operational efficiency and enhancing product delivery [8][9] - The company aims to deepen industry penetration and explore high-value sectors such as banking and high-end manufacturing [6][9] Group 5: Future Outlook and Market Trends - The company anticipates continued growth in digital shipping and supply chain businesses, with a stable overall revenue scale expected for 2025 [9][10] - The shipping industry, which accounts for approximately 95% of China's import and export freight volume, is increasingly recognizing the importance of digitalization and technology [9][10] - The company plans to enhance its digital data capabilities and explore overseas market opportunities, particularly in shipping safety and carbon reduction [10][12][16]