曙光信息产业股份有限公司2025 年第一季度报告 证券代码：603019 证券简称：中科曙光 曙光信息产业股份有限公司 2025 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 (二)非经常性损益项目和金额 | | | 本报告期比上年同 | | | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期 期增减变动幅度 | | | | | (%) | | | 营业收入 | 2,586,233,304.50 | 2,478,641,535.71 | 4.34 | | 归属于上市公司股东的净利 润 | 186 ...

关于选举职工董事的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为完善公司治理结构，依据《公司法》等法律法规、规范性文件及《公司章 程》等有关规定，公司于 2025 年 4 月 25 日召开 2025 年第一次职工代表大会， 以无记名投票方式，选举崔梓杰先生为公司第五届董事会职工董事，任期自本次 职工代表大会审议通过之日起至公司第五届董事会任期届满止。 特此公告。 证券代码：603019 证券简称：中科曙光 公告编号：2025-031 曙光信息产业股份有限公司 根据《公司法》《证券法》《上海证券交易所股票上市规则》《上海证券交 易所上市公司自律监管指引第 1 号——规范运作》等法律法规、规范性文件及《公 司章程》等有关规定，经审查，崔梓杰先生不存在法律法规规定的不得担任上市 公司董事的情形；未被中国证监会采取证券市场禁入措施；未被证券交易所公开 认定为不适合担任上市公司董事、监事和高级管理人员；最近三年内未受到证监 会行政处罚；不存在因涉嫌犯罪被司法机关立案调查或者涉嫌违法违规被中国证 监会立案调查的情形。 曙光 ...

证券代码：603019 证券简称：中科曙光 公告编号：2025-032 曙光信息产业股份有限公司 关于股东权益变动的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 本次权益变动为公司股东北京中科算源资产管理有限公司（以下简称"中 科算源"）履行此前披露的股份变动计划（详见公司公告：2025-001）所致，不 触及要约收购，不涉及公司控股股东及实际控制人发生变化。 本次权益变动后，中科算源持有公司股份比例由 15.96%变为 15.00%，并 根据《上市公司收购管理办法》的规定编制并披露《简式权益变动报告书》。 2025 年 4 月 25 日，曙光信息产业股份有限公司（以下简称"公司"或"中 科曙光"）收到股东中科算源出具的《简式权益变动报告书》，现将其有关权益 变动的具体情况公告如下： 一、本次权益变动的基本情况 | 信息披露 | 股东名称 | 北京中科算源资产管理有限公司 | | --- | --- | --- | | 义务人 | 注册地 | 北京市海淀区 | | | 成立时间 | 2007 ...

曙光信息产业股份有限公司 简式权益变动报告书 上市公司名称：曙光信息产业股份有限公司 信息披露义务人名称：北京中科算源资产管理有限公司 住所/通讯地址：北京市海淀区海淀北二街 签署日期：二〇二五年四月二十五日 1 | 信息披露义务人声明 | | --- | | 第一节 释义 . | | 第二节 信息披露义务人介绍 . | | 第三节 权益变动目的及持股计划 | | 第四节 信息披露义务人权益变动方式 | | 第五节 前六个月内买卖中科曙光股份的情况 . | | 第六节 其他重大事项 . | | 第七节 信息披露义务人声明 | | 第八节 备查文件 . | | 附表:简式权益变动报告书 14 | 股票简称：中科曙光 股票代码：603019 上市地点：上海证券交易所 信息披露义务人声明 一、本报告书系信息披露义务人依据《中华人民共和国证券法》（以下简称 《证券法》）、《上市公司收购管理办法》（以下简称《收购管理办法》）、 《公开发行证券的公司信息披露内容提要与格式准则第 15 号——权益变动报告 书》（以下简称《准则 15 号》）等相关法律、法规和规范性文件编制。 二、信息披露义务人签署本报告书已获得必要的授权和 ...

证券代码：603019 证券简称：中科曙光 公告编号：2025-030 曙光信息产业股份有限公司 关于股东权益变动触及 1%的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 本次权益变动为北京中科算源资产管理有限公司（以下简称"中科算源"） 履行此前披露的股份变动计划（详见公司公告：2025-001）所致，不触及要约收 购，不涉及公司控股股东及实际控制人发生变化。 本次权益变动后，中科算源持有公司股份从 239,388,281 股变为 233,501,081 股，持股比例由 16.36%变为 15.96%，适用变动触及 1%整数倍的情 形。 | 信息披露 | 股东名称 | 北京中科算源资产管理有限公司 | | --- | --- | --- | | 义务人 | 注册地 | 北京市海淀区 | | | 成立时间 | 2007-11-15 | | | 统一社会信用代码 | 91110108669117526D | （一）信息披露义务人基本信息 （二）信息披露义务人权益变动情况 1 | 股东名称 | ...

Summary of Conference Call on Zhongke Shuguang's Q1 2025 Financial Report Company Overview - Zhongke Shuguang is a leading enterprise in China's core infrastructure, primarily engaged in high-end computing, storage, network security, cloud computing, and big data applications [2][3] - The company has undergone a transformation since being placed on the U.S. Entity List in 2019, shifting towards upstream solutions [3][12] Financial Performance - For Q1 2025, Zhongke Shuguang reported revenue of 2.586 billion yuan, a year-on-year increase of 4.34% [6] - The company's net profit reached 185 million yuan, reflecting a significant year-on-year growth of 29.53% [6] - The adjusted net profit (excluding non-recurring items) was 110 million yuan, showing a remarkable increase of 96.28% [6] - Government subsidies contributed significantly to profits, accounting for over 50% of last year's profits [7] Investment and Market Dynamics - The company holds a 27.96% stake in Haiguang, which contributed approximately 81 million yuan to Zhongke Shuguang's profits in the previous year [7] - The increase in tariffs on U.S. imports, particularly CPUs, is expected to benefit domestic suppliers like Haiguang, enhancing their competitive edge [10][11] - The anticipated growth in AI chip demand and domestic alternatives may further accelerate the market shift towards local suppliers [11][12] Strategic Outlook - The company is expected to enter a new growth phase, driven by improvements in core business and investment income [9] - Future revenue growth is projected to continue, with a potential acceleration in the next one to two years [13] - The transformation towards upstream solutions may lead to fluctuations in revenue and profit, but long-term prospects remain positive [12] Risks and Considerations - The reliance on government subsidies and the performance of upstream partners pose risks to the company's financial stability [15] - The competitive landscape in the AI sector and potential delays in AI adoption could impact future growth [16] Conclusion - Zhongke Shuguang's recent financial performance indicates a positive trend, with significant growth in net profit and revenue. The company's strategic shift towards upstream solutions and the favorable market conditions due to tariff changes present opportunities for continued growth. However, reliance on government support and market dynamics in the AI sector remain critical factors to monitor.

Group 1 - The core index of the internet sector, the CSI Internet Index, opened high and rose by 0.79%, closing at 2762.22 points with a trading volume of 50.401 billion yuan [1] - Over the past month, the CSI Internet Index has decreased by 13.90%, while it has increased by 0.73% over the last three months and has fallen by 8.66% year-to-date [1] - The CSI Internet Index includes 50 listed companies involved in internet hardware, cloud computing, data center infrastructure, intelligent application software, internet operations, and content services [1] Group 2 - The top ten weighted companies in the CSI Internet Index are Hikvision (6.57%), ZTE Corporation (6.51%), Zhongke Shuguang (5.94%), iFlytek (5.13%), Zhongji Xuchuang (4.53%), Kingsoft Office (4.35%), Unisplendour (3.64%), Tonghuashun (3.52%), Xinyi Sheng (3.47%), and Inspur Information (3.08%) [1] - The market capitalization distribution of the CSI Internet Index shows that 71.69% of the holdings are from the Shenzhen Stock Exchange, while 28.31% are from the Shanghai Stock Exchange [2] Group 3 - The industry composition of the CSI Internet Index indicates that information technology accounts for 58.05% and communication services account for 41.95% [3] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [3] - In special circumstances, the index may undergo temporary adjustments, such as when a sample company is delisted or undergoes mergers, acquisitions, or splits [3] Group 4 - Public funds tracking the internet sector include Southern CSI Internet C and Southern CSI Internet A [4]

Investment Rating - The investment rating for the company is "Recommended" [1] Core Views - The company has shown good performance in profit margins, with a significant increase in net profit and a strong revenue growth forecast for the upcoming years [4][11] - The company is well-positioned to capitalize on the growth opportunities in the computing power industry, supported by its comprehensive infrastructure layout [8][11] - The launch of the DeepSeek AI integrated machine is a strategic move to seize opportunities in the large model industry, enhancing the company's competitive edge [9][11] Financial Performance Summary - In Q1 2025, the company achieved a revenue of 2.586 billion yuan, a year-on-year increase of 4.34%, and a net profit of 185 million yuan, up 29.53% year-on-year [4][8] - The projected net profits for 2025-2027 are 2.439 billion yuan, 2.835 billion yuan, and 3.362 billion yuan respectively, with corresponding EPS of 1.67 yuan, 1.94 yuan, and 2.30 yuan [11][12] - The company’s gross margin is expected to remain stable, with a slight increase from 29.2% in 2024 to 29.9% in 2027 [13] Industry Outlook - The computing power industry is anticipated to grow significantly, with the Ministry of Industry and Information Technology aiming for a computing power scale exceeding 300 EFlops by 2025, and intelligent computing power accounting for 35% of the total [8] - The company has established a complete industrial chain layout in computing power infrastructure, which will support its long-term sustainable development [8][11]

Investment Rating - The report maintains a "Recommended" investment rating for the company [1] Core Views - The company has shown strong performance in profit margins, with a notable increase in net profit and a solid revenue growth in Q1 2025, achieving a revenue of 2.586 billion yuan, up 4.34% year-on-year, and a net profit of 185 million yuan, up 29.53% year-on-year [4][8] - The company is well-positioned to capitalize on the growth opportunities in the computing power industry, supported by its comprehensive infrastructure layout across the entire industry chain [8] - The launch of the DeepSeek AI integrated machine is a strategic move to seize opportunities in the large model industry, providing a low-cost and open-source solution that lowers the technical and cost barriers for AI applications across various sectors [9] Financial Summary - The company’s projected financial performance shows a net profit forecast of 2.439 billion yuan for 2025, with an expected EPS of 1.67 yuan, reflecting a P/E ratio of 38.8 times based on the closing price on April 9 [9][10] - Revenue is expected to grow from 13.148 billion yuan in 2024 to 20.622 billion yuan by 2027, with a compound annual growth rate (CAGR) of approximately 15.6% [10][11] - The company maintains a healthy financial position with a debt-to-asset ratio of 41.8% and a projected improvement in profitability metrics, including a net profit margin increasing to 16.3% by 2027 [11][12]

Group 1 - The core index of the CSI Intelligent Manufacturing Theme Index rose by 3.69% to 3280.79 points, with a trading volume of 1179.75 billion yuan [1] - The CSI Intelligent Manufacturing Theme Index has experienced a decline of 19.10% over the past month, 2.68% over the past three months, and 7.44% year-to-date [1] - The index includes companies that provide key technological equipment and core supporting software for intelligent manufacturing, as well as those applying intelligent manufacturing in production [1] Group 2 - The top ten weighted stocks in the CSI Intelligent Manufacturing Theme Index include: Northern Huachuang (5.98%), SMIC (5.37%), Cambricon (5.26%), Huichuan Technology (5.17%), BOE Technology Group (4.49%), Hikvision (4.26%), State Grid NARI (3.94%), Zhongke Shuguang (3.87%), Zhaoyi Innovation (2.85%), and Industrial Fulian (2.65%) [1] - The market capitalization distribution of the index shows that 54.13% is from the Shenzhen Stock Exchange and 45.87% from the Shanghai Stock Exchange [1] - The industry composition of the index indicates that information technology accounts for 71.32%, industrial sector for 24.30%, and communication services for 4.38% [1] Group 3 - The index sample is adjusted every six months, with adjustments implemented on the next trading day after the second Friday of June and December [2] - Public funds tracking intelligent manufacturing include: Hua Bao CSI Intelligent Manufacturing Theme ETF Connect A, Hua Bao CSI Intelligent Manufacturing Theme ETF Connect C, and Hua Bao Intelligent Manufacturing ETF [2]