本报讯(记者李雯珊)2025年12月31日，深圳达实智能（002421）股份有限公司(以下简称"达实智能")发 布重大事项进展公告，披露公司实际控制人、董事长刘磅已解除此前的管护措施，目前已重返岗位正常 履职，公司及旗下子公司经营秩序保持稳定。 作为国内领先的智慧空间服务商，达实智能成立于1995年，2010年在深交所上市，深耕物联网技术研发 及应用推广近三十年。公司以"万物智联，心心相通"为经营使命，基于自主研发的AIoT智能物联网管 控平台，构建了覆盖智慧医疗、智慧建筑、城市轨道交通、数据中心等领域的多元业务格局，为用户提 供全生命周期的智慧服务。 回溯此前情况，达实智能曾于2025年11月4日发布公告，告知市场刘磅因被立案调查而实施管护的相关 事宜。公告发布后，市场及投资者对公司后续经营状况保持关注。此次随着监察机构解除相关措施，刘 磅迅速回归工作岗位，充分体现了相关事项处理的阶段性落地。这一进展不仅为公司治理结构的完整性 提供了保障，也向市场传递出积极信号，有助于稳定投资者预期。 ...

Core Insights - The article discusses the recent developments in the investment banking sector, highlighting key trends and shifts in market dynamics [1] Group 1: Market Trends - There has been a noticeable increase in mergers and acquisitions activity, with a reported growth of 15% year-over-year in deal volume [1] - Investment banks are adapting to changing regulatory environments, which are impacting their operational strategies and profitability [1] Group 2: Company Performance - Major investment banks have reported a 10% increase in revenue for the last quarter, driven by strong performance in advisory services [1] - Cost-cutting measures have been implemented across the industry, resulting in a 5% reduction in operational expenses [1] Group 3: Future Outlook - Analysts predict continued growth in the investment banking sector, with an expected increase in deal-making activity as economic conditions stabilize [1] - The shift towards digital transformation is anticipated to enhance efficiency and client engagement in the coming years [1]

Core Insights - The article discusses the strategic partnership between Dasan Intelligent and Rockwell Automation, highlighting the company's transition from a follower to an innovator in the AIoT space [1][2] - Dasan Intelligent aims to become a global leader in smart space services by leveraging its intelligent IoT platform to provide comprehensive lifecycle services [1][4] Strategic Partnership - Dasan Intelligent signed a strategic cooperation agreement with Rockwell Automation at the China International Import Expo, focusing on collaboration in low-carbon energy, biolabs, and smart healthcare [1][2] - The partnership builds on over 20 years of friendly cooperation between the two companies [1] R&D and Innovation - The company has shifted from merely acting as an agent for imported products to developing its own systems, such as access control and AIoT platforms, to meet specific customer needs [2][3] - Dasan Intelligent emphasizes the importance of customized solutions to address the rapidly changing and specific demands of clients in sectors like smart buildings and healthcare [2] Market Position and Coverage - Dasan Intelligent has achieved significant market penetration, serving 57 manufacturing listed companies in Shenzhen, with a coverage rate of 61.29%, and 153 companies nationwide with a coverage rate of 56.9% [3][4] - The company has improved its bid success rate for smart office projects in the Greater Bay Area to 50% [3] AIoT Platform Growth - The company reported a 102.9% year-on-year increase in contract amounts related to its AIoT platform, driven by the emergence of domestic AI language models and long-term investments in AI applications [4][5] - The latest version of the AIoT platform integrates real-time IoT data with generative AI capabilities, enhancing user experience and functionality [5] Future Outlook - Despite current industry challenges, the emphasis on digital economy and rapid AI advancements present numerous opportunities for growth [6] - Dasan Intelligent has provided smart services to over 3,000 large and medium-sized enterprises across more than 200 cities, establishing a strong foundation for future development [6]

Core Insights - DaShi Intelligent has signed a strategic cooperation agreement with Rockwell Automation, focusing on low-carbon energy, biomedical laboratories, and smart healthcare [1][2] - The company aims to become a global leader in smart space services by leveraging its intelligent IoT platform to provide comprehensive lifecycle services [1][4] Strategic Cooperation - The partnership with Rockwell Automation builds on over 20 years of collaboration, enhancing capabilities in industrial automation and digital transformation [2] - DaShi Intelligent has previously partnered with Honeywell, transitioning from a sales agent to a self-research and development-focused company [2] User-Centric Innovation - The company emphasizes the need for customized solutions to meet specific user demands in smart buildings and hospitals, which often cannot be addressed by standardized products from multinational corporations [3] - Information security and cost optimization are critical factors driving the company's innovation efforts, with significant reductions in costs for domestic products compared to imported ones [3] Achievements and Goals - DaShi Intelligent's strategic goal for 2030 is to provide modular space applications and achieve a market penetration rate of 53.3% for its AIoT platform in enterprise and park intelligence projects by 2024 [4][5] - The company has successfully served 57 manufacturing listed companies in Shenzhen, achieving a coverage rate of 61.29% [4] Growth Factors - The significant growth in the AIoT platform's contract value, which increased by 102.9% year-on-year, is attributed to the emergence of domestic AI language models and long-term investments in AI applications [5][6] - Key growth strategies include increased R&D investment, market engagement through experiential marketing, and a focus on talent development [6] Commitment to Values - DaShi Intelligent's approach to innovation is rooted in understanding user needs, with a philosophy of "professionalism + sincerity" to create sustainable value [7][8] - The company has a history of developing products that meet user requirements, such as the first self-developed access control system in 1997, which provided cost-effective solutions compared to imported products [7][8] Future Outlook - Despite industry challenges, the emphasis on digital economy and rapid AI technology development presents opportunities for growth [9] - DaShi Intelligent has provided smart services to over 3,000 large and medium-sized enterprises across more than 200 cities, establishing a solid foundation for future development [9][10]

Core Viewpoint - The recent investigation of Liu Pang, the actual controller and chairman of Das Intelligent (002421.SZ), has raised concerns about the company's future, although it has not yet significantly impacted its daily operations [3][4]. Company Overview - Das Intelligent is an IoT service provider that has been actively investing in Anhui, establishing various projects and partnerships in the region [5]. - The company has developed a smart hospital and a regional healthcare big data application platform, serving over 20 million residents [5]. - Das Intelligent has been involved in significant projects, including smart upgrades for various well-known enterprises and government buildings [5][7]. Recent Developments - Liu Pang has been placed under investigation, which has led to a temporary drop in the company's stock price [3][4]. - The company announced that it is monitoring the situation but has not experienced any major adverse effects on its operations [4]. Financial Performance - Das Intelligent reported a revenue decline of 17.28% in 2024, with revenue of 3.171 billion yuan compared to 3.833 billion yuan in the previous year [8]. - The net profit for 2024 was 25.88 million yuan, a significant drop of 77.45% from 115 million yuan in the previous year [8]. - In the first half of 2025, the company continued to face challenges, with a net loss of 88.76 million yuan and revenue of 990 million yuan, down 26.8% year-on-year [8]. Strategic Adjustments - In response to declining performance, Das Intelligent has opted to "shrink its balance sheet" by terminating certain projects and disposing of related assets, which resulted in a cash inflow of 213 million yuan and a reduction in liabilities [9]. - The company's asset-liability ratio improved to 59.88% by the end of the third quarter of 2025, down 3.16 percentage points from the beginning of the year [9].

Core Viewpoint - The company Dasin Intelligent (002421.SZ) is facing challenges due to the investigation of its actual controller and chairman, Liu Pang, which has led to a significant drop in stock price and concerns about its operational stability [1][2]. Company Overview - Dasin Intelligent is an intelligent IoT service provider that has developed an AIoT control platform, offering comprehensive smart services across various sectors including enterprise parks, hospitals, and urban rail transit [4]. - The company has established an industrial park in Hefei and invested in multiple companies in Anhui, focusing on smart hospitals and regional healthcare data platforms, serving over 20 million residents [3]. Recent Developments - Liu Pang, the chairman, has been actively involved in investments in Anhui and was recently elected as the vice president of the Anhui Merchants Association [2]. - The company has undertaken significant projects, including smart upgrades for major clients like Huawei and BYD, and has a service coverage of 61.3% among large manufacturing companies in Shenzhen [4]. Financial Performance - In 2024, Dasin Intelligent reported a revenue of 3.171 billion yuan, a decrease of 17.28% from the previous year, and a net profit of 25.88 million yuan, down 77.45% year-on-year [5]. - The decline in performance is attributed to unmet expectations in contract signings and project delays, alongside increased financial costs due to the operational phase of several large hospital projects [6]. Strategic Adjustments - To mitigate ongoing financial challenges, Dasin Intelligent has opted to "shrink its balance sheet" by terminating certain projects and disposing of related assets, which has improved its financial stability [6]. - As of the third quarter of 2025, the company's debt-to-asset ratio decreased to 59.88%, reflecting a strategic focus on optimizing its balance sheet despite short-term profit impacts [6].

Core Viewpoint - The company DaShi Intelligent (002421.SZ) announced that its actual controller and chairman, Liu Pang, is under investigation by the Anhui Ying Shang County Supervisory Committee, but the company asserts that its operations remain normal and governance structures are intact [1][4]. Company Overview - DaShi Intelligent was founded in March 1995 and went public on the Shenzhen Stock Exchange in June 2010. The company specializes in the research and application of IoT technology, providing smart services based on its self-developed AIoT platform [4]. - Liu Pang, born in October 1963, is a professor-level senior engineer and has served as the chairman of the board since the company's inception [2]. Recent Developments - Liu Pang was recently involved in a donation event at Anhui University of Science and Technology, where he contributed a statue of Wang Yangming. He also announced the operational plans for the Anhui University First Affiliated Hospital, which is set to enhance operational efficiency through innovative technology [2][4]. - The company is engaged in significant healthcare projects, including three smart hospital projects with a total investment exceeding 3 billion yuan [4]. Financial Performance - For the first three quarters of 2025, DaShi Intelligent reported a total revenue of 1.473 billion yuan, a year-on-year decrease of 31.36%. The net profit attributable to shareholders was a loss of 415 million yuan, compared to a profit of 47.99 million yuan in the same period of 2024, marking a significant decline [4]. - The company’s cash flow from operating activities was negative 388 million yuan, worsening from negative 295 million yuan in 2024 [4]. Debt and Liabilities - As of the end of the third quarter of 2025, the company reduced its current non-current liabilities due within one year by 79.81% compared to the end of 2024, which decreased its proportion of total assets by 4.42 percentage points [5]. - Accounts payable and notes payable decreased by 28.92%, while long-term loans decreased by 17.19%. However, short-term loans increased by 14.5% [5]. Market Performance - On November 3, 2023, DaShi Intelligent's stock price rose by 1.53% to 3.32 yuan, with a market capitalization of 7.04 billion yuan [6].

Core Viewpoint - The company DaShi Intelligent (002421.SZ) is currently under investigation, with its actual controller and chairman Liu Pang being the subject of a case initiated by the Anhui Ying Shang County Supervisory Committee, but the company asserts that its operations remain unaffected and governance structures are intact [2][3]. Group 1: Company Governance and Operations - DaShi Intelligent has announced that it has made appropriate arrangements regarding the investigation and maintains a robust governance structure and internal control mechanisms [2]. - The company confirms that as of the announcement date, there has been no change in control, and other board members and senior management are performing their duties normally [2]. - The company emphasizes that the investigation has not had a significant adverse impact on its daily operations [2]. Group 2: Financial Performance - For the first three quarters of 2025, DaShi Intelligent reported total operating revenue of 1.473 billion yuan, a year-on-year decrease of 31.36% [4]. - The company recorded a net loss attributable to shareholders of 415 million yuan, compared to a profit of 47.98 million yuan in the same period of 2024, marking a year-on-year decline of 964.15% [4]. - The net cash flow from operating activities was -388 million yuan, compared to -295 million yuan in the same period of 2024 [4]. Group 3: Debt and Market Performance - As of the end of the third quarter of 2025, the company's current liabilities due within one year decreased by 79.81% compared to the end of 2024, and their proportion of total assets fell by 4.42 percentage points [5]. - The company's stock price increased by 1.53% to 3.32 yuan on November 3, with a market capitalization of 7.04 billion yuan [5].

Core Points - DaShi Intelligent (002421.SZ) announced that its actual controller and chairman, Liu Pang, is under investigation by the Anhui Ying Shang County Supervisory Committee [1] - The company stated that it has arranged relevant work properly and maintains a sound governance structure and internal control mechanisms [1] - As of the announcement date, the company's control has not changed, and its operations remain normal [1] Company Background - Liu Pang, born in October 1963, is a professor-level senior engineer and the founder of Shenzhen DaShi Intelligent Co., Ltd., established in March 1995 [2] - The company has been involved in the development and application of IoT technology and is listed on the Shenzhen Stock Exchange since June 2010 [4] Recent Developments - DaShi Intelligent is participating in the construction of three smart hospital projects, including the Anhui University of Science and Technology First Affiliated Hospital, with a total investment exceeding 3 billion [4] - Liu Pang recently donated a statue to Anhui University of Science and Technology and was elected as the vice chairman of the alumni entrepreneurs association of Hefei University of Technology [2] Financial Performance - For the first three quarters of 2025, the company reported a total revenue of 1.473 billion, a year-on-year decrease of 31.36%, and a net loss attributable to shareholders of 415 million [4] - The net cash flow from operating activities was -388 million, compared to -295 million in the same period of 2024 [4] Debt and Market Performance - As of the end of Q3 2025, the company's non-current liabilities due within one year decreased by 79.81% compared to the end of 2024 [5] - DaShi Intelligent's stock price rose by 1.53% to 3.32 yuan on November 3, with a market capitalization of 7.04 billion [5]

Financial Performance - China Mobile reported a net profit of 31.1 billion yuan for Q3 2025, a year-on-year increase of 1.4% [1] - iFlytek's Q3 net profit increased by 202.4%, reaching 172 million yuan, with revenue of 6.078 billion yuan, up 10.02% year-on-year [2] - China Shipbuilding expects a net profit of 5.55 to 6.15 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 104.3% to 126.39% [3] - Industrial Fulian plans to distribute a cash dividend of 3.3 yuan per 10 shares, totaling 6.551 billion yuan, which is 54.08% of its net profit for the first half of 2025 [4] - Alloy Investment reported a Q3 net profit of 2.68 million yuan, a staggering increase of 4985.25% [11] - Yonghe shares achieved a Q3 net profit of 198 million yuan, up 485.77% year-on-year [12] - Dazhu CNC's Q3 net profit grew by 282% to 228 million yuan [13] - Dingtong Technology's net profit for the first three quarters increased by 125% to 177 million yuan [14] - Shenneng Power's Q3 net profit rose by 56.69% to 117 million yuan [15] - Runben shares reported a slight decline in Q3 net profit by 2.89% [16] - Dayang Bio's Q3 net profit increased by 56.12% to 29.53 million yuan [18] - Kaile shares reported a 159.14% increase in net profit for the first three quarters [19] Corporate Actions - Wanrun Technology clarified that recent market rumors regarding online roadshows and large orders were false [5] - Dongtu Technology announced a stock suspension while planning to acquire assets from Beijing Gaoweike Electric Technology [6] - Guangsheng Nonferrous Metals is merging two wholly-owned rare earth subsidiaries to enhance operational efficiency [7] - Sanwater Technology's actual controller and chairman was taken under criminal coercive measures, but operations remain normal [8] - Xingchen Technology completed the acquisition of a 53.3087% stake in Shanghai Furui Kun Microelectronics [9] - Yiyi Co. announced a stock suspension while planning to issue shares and raise funds for asset acquisition [10] - Yingtai Group's subsidiary received antitrust approval for the acquisition of Huatuo Pharmaceutical for 369 million yuan [11] Major Contracts - Dash Intelligent won a 96 million yuan smart transportation project as the lead partner in a consortium [23]