p play 12 - 1997 Electric Company www.banguages.com/production/articles/articles/articles/articles/article/search 8月28日，广州数科集团控股5家上市公司 广电运通、海格通信、广电计量 广哈通信、中科江南 总市值攀升至1011.61亿 近期多日站上千亿大关，创历史新高。 广州数字科技集团在底蕴深厚的 广州无线电集团基础上 改组成立揭牌启航 一年来 集团持续锻造数字科技根技术 扎实推进数字经济产业生态建设 2024年2月 科技"向高攀登" 做强"数字技术提供商"的创新优势 加强研发投入 "省了技术创新的钱，就马上没有路"。研发投入是科技创新的生命线，矢志科技创新已成为数科人的文化基因与鲜明底色。2025年上半年集团研发投入 12.91亿元，同比增长5.96%，研发投入强度达12.43%。目前，集团累计获授权专利4182项、软件著作权2862项、授权知识产权7196项，主持和参与制定标 准460项，位居市国资企业前列。 攻关核心技术 自研人工智能大数据平台aiCore System，打造"望道"大模型 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [4][7]. Core Views - The company is experiencing short-term pressure on performance due to industry cycles and increased R&D investments, but there are positive signs of recovery in Q2 2025 [6]. - The company is positioned as a leader in military information technology, benefiting from the integration of military and civilian sectors, and is expected to gain from the rollout of the third generation of Beidou products and new satellite communication networks [6][7]. Summary by Sections Financial Performance - In H1 2025, the company achieved revenue of 2.229 billion yuan, a year-on-year decrease of 13.97%, and a net profit attributable to shareholders of 3 million yuan, down 98.72% year-on-year [6]. - The company's gross profit margin for H1 2025 was 27.36%, a decrease of 1.43% year-on-year, while the net profit margin was 0.3%, down 8.33% year-on-year [6]. Business Segments - Wireless communication revenue was 690 million yuan, down 5.73% year-on-year, with a gross margin of 38.31% [6]. - Beidou navigation revenue was 280 million yuan, down 32.25% year-on-year, with a gross margin of 55.68% [6]. - Aerospace revenue was 140 million yuan, down 11.04% year-on-year, with a gross margin of 16.26% [6]. - Smart ecology revenue was 1.082 billion yuan, down 13.15% year-on-year, with a gross margin of 12.19% [6]. Future Outlook - The company plans to continue increasing R&D investments, focusing on innovative business areas, including AI military applications and satellite internet [6]. - The company has secured significant contracts, including a framework contract worth 1.216 billion yuan for communication engineering services with China Mobile [6]. - The projected net profits for 2025-2027 are 536 million yuan, 739 million yuan, and 1.047 billion yuan, respectively, with corresponding EPS of 0.22 yuan, 0.30 yuan, and 0.42 yuan [6][7].