Disclaimer:
The content of this article is compiled based on publicly available information and is intended for academic exchange only. It does not constitute investment advice, securities recommendations, or trading strategies. Any investment actions taken based on this content are at the reader’s own risk, and the author and publishing platform bear no legal responsibility. This statement takes effect from the date of publication.
1. Major Trends in AI Technology Development: From Copilot to Agent The direct translation of Copilot in Chinese is “副驾驶” (co-pilot), which represents a form of AI development.For example: Just like the navigation software you use while driving or an experienced driver sitting next to you. You (the human) are the main driver, responsible for decision-making and operation. AI merely assists you, such as helping you write emails, research information, or create PowerPoint presentations. Ultimately, it is you who does the work and makes the decisions.A real-life example is: you ask ChatGPT to help you draft a meeting outline, and then you modify and send it yourself. The direct translation of Agent in Chinese is “智能体” (intelligent agent) or “代理人” (proxy), which is a form that AI aims to achieve in the future.For example: It is like hiring a versatile personal assistant. You only need to state a goal, such as “plan a team-building event for the department,” and this AI assistant will autonomously plan the steps: check the weather, compare restaurants, send emails to gather everyone’s availability, book the venue, and finally send confirmation emails to everyone. Throughout the process, you do not need to intervene at all.
A real-life example is: you tell your company’s AI system, “Help new employee Zhang San with onboarding,” and the AI will automatically: initiate the process with the HR system, register a company account for Zhang San, reserve a workstation, and add his email to the department group. Everything is completed automatically.
2. Why is the AI Agent concept gaining popularity?The State Council has released a very important ten-year plan.The short-term goal (by 2027) is to integrate AI deeply into six key areas of the economy, finance, manufacturing, education, etc., making it as ubiquitous as water and electricity. The specific target is that the penetration rate of the new generation of intelligent devices and software in enterprises should exceed 70%. This means that in three years, most companies will use smarter “AI assistants.”The medium-term goal (by 2030): AI should fully support economic development, with a penetration rate exceeding 90%, almost becoming standard.The long-term goal (by 2035): The entire Chinese society and economy will enter the “intelligent era.”3. Why is AI Agent a focus in the enterprise service sector?Enterprise services (such as company OA office systems, ERP resource management systems, marketing software) are the areas where AI Agents can first showcase their capabilities. Why? Because the work in companies:Has fixed processes: For example, reimbursement, approval, onboarding, where each step is clearly defined.Has clear objectives: Reducing costs and increasing efficiency, which means saving money and time.Has a large amount of data: AI can learn from it.Allowing AI to automatically complete these repetitive and tedious tasks yields immediate results, and companies are most willing to pay for this.4. Current Development Status Domestically and InternationallyInternationally (American companies): Their approach is clear; they aim to fully integrate these self-operating “AI agents” into their existing flagship software (such as ERP, CRM systems) to automate the entire enterprise process.Domestically (Chinese companies): We focus more on “practicality,” first finding specific scenarios for implementation. For example, using AI to inspect part quality on industrial production lines or using AI to automatically answer citizens’ questions in government service halls. Moreover, many companies have already made money by providing AI solutions (“AI orders/revenue have emerged”).5. Related Companies
Tangyuan Electric
New policies promote service-oriented manufacturing upgrades, and Tangyuan Electric’s “AI Agent+” strategy has clear advantages.
Event: The Ministry of Industry and Information Technology and seven other departments recently jointly issued the “Implementation Plan for Deepening the Innovation and Development of Service-oriented Manufacturing (2025-2028),” which has attracted widespread attention in the manufacturing sector. This policy aligns closely with Tangyuan Electric’s recent push for an “AI + Industry” strategic transformation.
The “AI Agent+” strategy positions itself at the core of service-oriented manufacturing.
Tangyuan Electric has been continuously promoting the strategy of “AI technology leadership + multi-industry scenario expansion + Belt and Road layout” in recent years. Its subsidiary, Yongli, has developed a smart factory AI Agent that improves production scheduling efficiency from “day-level” to “minute-level,” and significantly enhances the response speed to quality anomalies.
This technology precisely corresponds to the policy’s requirement to “promote the integration and innovation of artificial intelligence technology with service-oriented manufacturing.”
Business growth potential under the policy.
Tangyuan Electric plans to raise no more than 864 million yuan through a private placement, focusing on the “research and industrialization of intelligent operation and maintenance robots for rail transit” and “research and industrialization of AI large models for intelligent operation and maintenance in rail transit.”
From a financial performance perspective, in the first half of 2025, Tangyuan Electric achieved an operating income of 242 million yuan in its core smart transportation business, a year-on-year increase of 21.97%, demonstrating strong growth momentum in its core business.
The introduction of new policies for service-oriented manufacturing provides a favorable policy environment and development opportunities for Tangyuan Electric, which has already made early arrangements, and is expected to gain new development momentum in the policy tailwind, thereby enhancing its long-term investment value.
Kingdee International
Financial and operational data for Kingdee International in the first half of 2025 show that the company has made significant progress in transitioning to a cloud subscription model and implementing AI technology, with overall operational conditions continuously improving.
The company is on a positive trajectory of “significantly reduced losses, with future growth expected.”Significant improvement in financial status: In the first half of the year, the company achieved an operating income of 3.192 billion yuan, a year-on-year increase of 11.2%. Although there is still a net loss of 98 million yuan, the loss amount has significantly narrowed by 55.1% compared to the previous year, which is a positive signal. The operating cash flow, which represents the company’s ability to generate cash, has also improved by 89% year-on-year, nearing positive territory, indicating that the company’s operational health is continuously improving.[Operating income increased, but there was a net loss because the earned money was heavily reinvested into R&D and new projects.]Growth driven by a high-quality cloud subscription model:The fundamental reason for the positive performance lies in the successful business transformation.The high-growth cloud subscription business is the core engine, with revenue reaching 1.684 billion yuan (+22.1%), and its stable nature has allowed the company’s annual recurring revenue (ARR) to reach 3.73 billion yuan, providing a solid revenue foundation for the future.All three product lines targeting large, medium, and small enterprises have achieved steady growth (growth rates of 19%-34.3%). The increase in the proportion of high-margin subscription revenue has also driven the overall gross margin optimization of the company, combined with effective cost control, contributing to a significant reduction in losses.The new AI business has achieved a breakthrough from concept to revenue, building future potential:The company is no longer just telling AI stories but has achieved commercial implementation. Its released “Sky Agent Platform 2.0” and several AI applications (such as Intelligent Financial Reports, ChatBI, etc.) have signed contracts with key clients and have proven to significantly enhance client efficiency (e.g., reducing problem identification time from days to real-time).In the first half of the year, the amount of AI-related contracts exceeded 150 million yuan, marking AI as a new growth point that can bring real revenue.While Kingdee’s traditional cloud business continues to grow healthily, its new AI business has also emerged and contributed revenue, demonstrating strong development potential.