Core Viewpoint - The focus is on the growth of the domestic computing power and AI application sectors, particularly through the performance of the Huabao Big Data ETF (516700), which has shown significant gains in the market [1][8]. Market Performance - The Huabao Big Data ETF (516700) saw an intraday increase of 1.35%, currently up by 0.90%, recovering above the 20-day moving average and aiming for a fifth consecutive daily gain [1][8]. - Notable stocks include Wangsu Science & Technology, which surged by 11.30%, and Dongfang Guoxin, which rose by 8.57% [2][10]. Industry Insights - According to Omdia, the Chinese cloud infrastructure service market is projected to reach $13.4 billion by Q3 2025, reflecting a year-on-year growth of 24% and maintaining over 20% growth for two consecutive quarters [2][12]. - The demand for AI is accelerating the deployment of cloud services and significantly impacting core cloud infrastructure, leading to a shift in cloud resource consumption towards production-level workloads [12]. Policy Developments - The National Development and Reform Commission has issued guidelines to promote the application of AI in the bidding and tendering process, identifying 20 key scenarios for implementation [12]. - The rise in demand for tokens is leading to price increases that are being passed from upstream to CPUs and cloud services, with AWS initiating price hikes, indicating a potential revaluation for cloud computing and related service providers [12]. Sector Focus - The Huabao Big Data ETF (516700) passively tracks the CSI Big Data Industry Index, heavily investing in sectors such as data centers, cloud computing, and big data processing, with significant holdings in leading companies like Inspur, iFlytek, and China Software [4][12]. - By the end of 2025, the index's composition will see computing power concepts accounting for 40.91% and AI application concepts for 37.43% [12]. Future Outlook - The government is emphasizing "technology as a priority," which is expected to drive new productive forces [6]. - The top-level design for a digital China aims to activate digital productivity and accelerate the process of domestic substitution [6]. - The "Xinchuang 2.0" wave is anticipated to accelerate, presenting a broad outlook for technology self-reliance [6].

Market Overview - The software development sector experienced a decline of 2.45% on January 30, with New Zhisoft leading the drop [1] - The Shanghai Composite Index closed at 4117.95, down 0.96%, while the Shenzhen Component Index closed at 14205.89, down 0.66% [1] Stock Performance - Notable gainers in the software development sector included: - *ST Huike (300561): Closed at 17.72, up 6.43% with a trading volume of 148,400 shares and a transaction value of 259 million [1] - *ST Guohua (000004): Closed at 12.62, up 4.99% with a trading volume of 55,300 shares [1] - Yingfang Software (688435): Closed at 61.91, up 4.19% with a trading volume of 63,600 shares [1] - Significant decliners included: - New Zhisoft (688590): Closed at 18.95, down 10.82% with a trading volume of 238,700 shares and a transaction value of 46.2 million [2] - Keda Automation (920932): Closed at 19.86, down 6.10% with a trading volume of 38,500 shares [2] - Deepin Technology (300454): Closed at 160.67, down 5.23% with a trading volume of 174,000 shares and a transaction value of 2.776 billion [2] Capital Flow - The software development sector saw a net outflow of 5.195 billion from institutional investors, while retail investors contributed a net inflow of 4.201 billion [2] - The capital flow for specific stocks showed: - Wanxing Technology (300624): Net inflow from institutional investors was 10.8 million, while retail investors had a net outflow of 12.4 million [3] - Xinghuan Technology (688031): Institutional net inflow was 71.7 million, with retail investors showing a net outflow of 5.7 million [3] - *ST Guohua (000004): Institutional net inflow was 15.9 million, while retail investors had a net outflow of 722.88 million [3]

Investment Rating - The report maintains a "Neutral" rating for the computer industry and an "Accumulate" rating for Hongsoft Technology (688088) [2] Core Insights - The report highlights significant advancements in AI applications, including Tencent's new AI social feature "Yuanbao" and the global first deployment of a large model in space by Guoxing Aerospace [12][13] - The domestic cloud computing sector is expected to see a rebound in capital expenditure due to easing chip supply constraints, while AI applications are anticipated to reach a commercialization inflection point earlier than expected [25][26] - The report emphasizes the importance of focusing on leading companies with strong AI technology implementation capabilities and scene adaptation advantages [26] Industry News - Tencent's AI assistant "Yuanbao" has launched a new version that includes various social features, aiming to create a multi-user social space [12] - The first successful deployment of a large model in space was achieved by Guoxing Aerospace, marking a significant milestone in AI technology [13] - Domestic GPU company Suiruan Technology has received approval for its IPO on the Sci-Tech Innovation Board, aiming to raise 6 billion yuan [14] Company Announcements - Dahua Technology reported a total revenue of 32.743 billion yuan for 2025, with a year-on-year growth of 1.75% [15] - Yimikang expects a net profit of 0.25 to 0.37 billion yuan for 2025, representing a growth of 128.69% to 142.46% [17] - Glodon anticipates a net profit of 3.76 to 4.26 billion yuan for 2025, with a growth rate of 50.15% to 70.11% [18] Market Review - From January 22 to January 28, the CSI 300 index fell by 0.11%, while the Shenwan Computer Industry index decreased by 0.35% [19] - The report notes mixed performance among the Shenwan Computer sub-industries, with horizontal software leading at 2.39% [19] Weekly Strategy - The report suggests that the domestic computing power industry is likely to accelerate due to policy support and technological advancements in AI [25] - The anticipated launch of DeepSeek V4 during the Lunar New Year is expected to drive a new round of technological iteration in domestic large models [25] - The report encourages attention to companies that demonstrate strong capabilities in AI technology implementation and scene adaptation [26]

单Q4，按预告中位数计算，预计25Q4实现归母净利润0.9亿元，同比增长143.24 【国泰海通计算机】广联达：25年经营效率持续提升，预计归母净利润3.76-4.26亿元（+50.15%至+70.11%） 【国泰海通计算机】广联达：25年经营效率持续提升，预计归母净利润3.76-4.26亿元（+50.15%至+70.11%） 公司发布25年业绩预告。 25年预计归母净利润3.76-4.26亿元，同比增长50.15%-70.11%；扣非归母净利润3.18-3.68亿元，同比增长82.62%- 111.34%。 25年预计归母净利润3.76-4.26亿元，同比增长50.15%-70.11%；扣非归母净利润3.18-3.68亿元，同比增长82.62%- 111.34%。 单Q4，按预告中位数计算，预计25Q4实现归母净利润0.9亿元，同比增长143.24%；扣非归母0.68亿元，同比增长 718.18%。 净利润保持增长主要系公司持续优化资源配置以及精细化管理，经营效率提升。 25年公司营业总收入同比略有下降，其中：（1）数字成本业务收入略有下降，续费率稳中有升；（2）数字施工 业务收入增长，毛利率提升，战略聚焦 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002410 证券简称：广联达 公告编号：2026-001 单位：万元 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、本期业绩预计情况 1、业绩预告期间：2025年1月1日至2025年12月31日。 二、与会计师事务所沟通情况 公司2025年度业绩预告相关的财务数据未经会计师事务所审计。公司已就业绩预告有关的重大事项与年 报审计的立信会计师事务所（特殊普通合伙）进行了预沟通，因2025年度审计工作尚在进行中，截至目 前双方在本次业绩预告方面不存在分歧，具体数据以审计结果为准。 三、业绩变动原因说明 报告期内，公司持续优化产品和业务结构，营业总收入较2024年略有下降，净利润保持增长，盈利能力 持续提升：（1）数字成本业务收入略有下降，续费率稳中有升；（2）数字施工业务战略聚焦初见成 效，收入实现增长，毛利率提升，经营质量持续改善；（3）国际化进程稳步推进，海外收入实现较快 增长。 报告期内，公司持续优化资源配置，加强精细化管理，成本费用同比下降，经营效率提升。 2、业绩预告情况：预计净利润为正值 ...

证券日报网讯 1月26日，广联达发布公告称，公司预计2025年归属于上市公司股东的净利润为37，600 万元至42，600万元，比上年同期25，042.43万元增长50.15%至70.11%。 （文章来源：证券日报） ...

Core Viewpoint - Guanglian Da (002410.SZ) forecasts a net profit attributable to shareholders of 376 million to 426 million yuan for the year 2025, representing a year-on-year growth of 50.15% to 70.11% [1] Financial Performance - The company expects a net profit excluding non-recurring gains and losses to be between 318 million and 368 million yuan, indicating a year-on-year increase of 82.62% to 111.34% [1] - Despite a slight decline in total operating revenue compared to 2024, the net profit continues to grow, showcasing an improvement in profitability [1]

报告期内，公司持续优化产品和业务结构，营业总收入较2024年略有下降，净利润保持增长，盈利能力 持续提升。 智通财经APP讯，广联达(002410.SZ)披露2025年度业绩预告，公司预计归属于上市公司股东的净利润 3.76亿元至4.26亿元，同比增长50.15%至70.11%;扣除非经常性损益后的净利润3.18亿元至3.68亿元，同 比增长82.62%至111.34%。 ...

Group 1 - The company GuoLianda expects a net profit attributable to shareholders of 376 million to 426 million yuan for 2025, representing a year-on-year growth of 50.15% to 70.11% [1] - The basic earnings per share are projected to be between 0.2291 yuan and 0.2596 yuan [1] - The main reasons for the performance change include a slight decline in digital cost business revenue, a steady increase in renewal rates, and successful strategic focus on digital construction business leading to revenue growth and improved gross margins [1] Group 2 - The internationalization process is progressing steadily, with overseas revenue experiencing rapid growth [1]

报告期内，公司持续优化资源配置，加强精细化管理，成本费用同比下降，经营效率提升。 业绩变动原因说明:报告期内，公司持续优化产品和业务结构，营业总收入较2024 年略有下降，净利润 保持增长，盈利能力持续提升：(1)数字成本业务收入略有下降，续费率稳中有升；(2)数字施工业务战 略聚焦初见成效，收入实现增长，毛利率提升，经营质量持续改善；(3)国际化进程稳步推进，海外收 入实现较快增长。 格隆汇1月26日丨广联达(002410.SZ)公布，预计2025年1月1日至2025年12月31日归属于上市公司股东的 净利润3.76亿元-4.26亿元，比上年同期增长：50.15%-70.11%；扣除非经常性损益后的净利润3.18亿 元-3.68亿元,比上年同期增长:82.62%-111.34%。 ...