证券代码：920493 证券简称：并行科技 公告编号：2026-042 北京并行科技股份有限公司 关于全资子公司引入投资人暨放弃优先认购权实施增资扩股的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 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 担个别及连带法律责任。 北京并行科技股份有限公司（以下简称"公司"）于 2026年 3月 27日召开 第四届董事会第九次临时会议，审议通过《关于全资子公司武汉楚云智算科技 有限公司拟增资暨公司放弃优先认购权的议案》，具体情况如下： 一、本次增资事项概述 基于业务发展需要，公司全资子公司武汉楚云智算科技有限公司（以下简 称"楚云智算"）拟进行增资扩股，引入武汉光创新兴技术一期创业投资基金 合伙企业（有限合伙）（以下简称"武汉光创"）作为投资者。 武汉光谷产业投资有限公司（武汉光创的主要管理人和出资人）是武汉东 湖高新技术开发区的新兴产业投资平台公司。楚云智算本次引入武汉光创作为 投资者，旨在共同建设和运营高性能智算中心集群资源，为区域人工智能及科 研教育等客户提供坚实的算力支撑与应用支持服务，增强公司在华中及辐射区 域的算力资 ...

证券代码：920493 证券简称：并行科技 公告编号：2026-041 北京并行科技股份有限公司 第四届董事会第九次临时会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2026 年 3 月 27 日 2.会议召开地点：公司会议室 3.会议召开方式：现场方式 4.发出董事会会议通知的时间和方式：2026 年 3 月 20 日以书面方式发出 1.议案内容： 基于业务发展需要，公司全资子公司武汉楚云智算科技有限公司（以下简称 "楚云智算"）拟进行增资扩股，引入武汉光创新兴技术一期创业投资基金合伙 企业（有限合伙）（以下简称"武汉光创"）作为投资者。 楚云智算当前注册资本人民币 8,500 万元，系公司全资子公司。本次增资方 案为：武汉光创拟以货币方式出资 8,100 万元，公司放弃对武汉光创本次增资的 优先认购权。公司、楚云智算拟与武汉光创就上述事项签署《增资协议》。 5.会议主持人：董事长陈健先生 6.会议列席人员：公司有关高级管理 ...

Financial Performance - The company expects a net profit attributable to shareholders to reach between 20,000 to 25,000 thousand yuan, representing a year-on-year increase of over 50% compared to 12,056.7 thousand yuan from the previous year, with a growth range of 65.88% to 107.35%[3] - The overall expense ratio has been effectively controlled, contributing to an improvement in net profit margin as the company scales its operations[4] - The performance forecast is preliminary and has not been audited by an accounting firm, thus investors are advised to exercise caution and consider investment risks[5] Market Demand and Strategy - The growth is driven by the booming demand in the computing power service industry, supported by national strategies such as "New Infrastructure" and "East Data West Computing" which accelerate the construction of computing infrastructure and digitalization[4] Operational Efficiency - The company has improved its operational efficiency by building a unified intelligent scheduling platform, leading to better integration and collaboration of heterogeneous computing resources, thus increasing overall resource utilization[4] - The company has achieved a reduction in sales expenses as a percentage of revenue due to an expanded resource pool and stable core customer demand, enhancing market promotion efficiency[4]

Group 1 - The report highlights that the North Exchange has entered a relatively low valuation phase, presenting a window for investment in hard technology and newly listed stocks [2][12][18] - The North Exchange's valuation has become more attractive, with the North 50 and North Specialized New indices showing a decline in performance, indicating a potential recovery opportunity [3][14][39] - The report suggests focusing on companies with low valuations in high-tech sectors, particularly those benefiting from the ongoing geopolitical tensions, such as the US-Iran conflict [3][40] Group 2 - The North Exchange's market performance shows that the North 50 index has decreased, with a current P/E ratio of 41.98X, indicating a significant valuation gap compared to other indices [3][11][18] - The report identifies specific sectors such as high-end equipment, information technology, and chemical new materials as having favorable P/E ratios, with the highest being 85.53X in information technology [3][18][41] - The report recommends a stock pool that includes companies like Wanyuantong and Beitery, which are positioned well within their respective industries and have shown strong growth potential [3][41][44] Group 3 - The North Exchange has seen a significant drop in daily trading volume, with an average of 135.53 billion yuan, down 14.80% from the previous week, indicating a decline in liquidity [27][30][32] - The report notes that the average daily turnover rate for the North 50 and North Specialized New indices has also decreased, reflecting a broader trend of reduced trading activity [30][32] - The report emphasizes the importance of monitoring liquidity trends as they can impact investment strategies and market sentiment [27][30][32] Group 4 - The report outlines the current IPO status, with three companies having passed the review and three awaiting approval, indicating ongoing activity in the North Exchange's listing process [4][8] - The report provides insights into the performance of newly listed companies, highlighting significant first-day gains, such as a 136.56% increase for Puang Medical [4][11][41] - The North Exchange continues to cultivate companies that may transition to larger exchanges, showcasing its role as a breeding ground for future market leaders [4][11][41]

北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 关于北京并行科技股份有限公司 2026 年第四次临时股东会的 法律意见书 国枫律股字[2026]A0085 号 致：北京并行科技股份有限公司（贵公司） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出席并见 证贵公司 2026 年第四次临时股东会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称 "《股东会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证券法律 业务管理办法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简称"《证券法 律业务执业规则》"）等相关法律、行政法规、规章、规范性文件及《北京并行科技股份 有限公司章程》（以下简称"《公司章程》"）的规定，就本次会议的召集与召开程序、召 集人资格、出席会议人员资格、会议表决程序及表决结果等事宜，出具本法律 ...

证券代码：920493 证券简称：并行科技 公告编号：2026-040 北京并行科技股份有限公司 2026 年第四次临时股东会决议公告 3.会议召开方式：本次会议采用现场投票和网络投票相结合方式召开 4.会议召集人：公司董事会 5.会议主持人：董事长陈健先生 6.召开情况合法合规的说明： 本次会议的召集、召开与表决程序符合《中华人民共和国公司法》《北京证 券交易所股票上市规则》等有关法律、行政法规、部门规章、规范性文件和《北 京并行科技股份有限公司章程》的规定。 （二）会议出席情况 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2026 年 3 月 20 日 2.会议召开地点：公司会议室 出席和授权出席本次股东会的股东共 15 人，持有表决权的股份总数 28,225,968 股，占公司有表决权股份总数的 47.27%。 其中通过网络投票参与本次股东会的股东共 6 人，持有表决权的股份总数 5,810,600 股，占公司有表决权股份总数的 9 ...

Group 1 - The overall pre-announcement rate for the North Exchange is low at 43.9%, indicating that the performance of companies listed on this exchange is under pressure compared to other sectors [3][10][13] - In Q4 2025, the North Exchange's revenue grew by 2.9% year-on-year, but the net profit decreased by 47.5%, significantly lagging behind the overall A-share market [10][12][18] - The performance of large enterprises is recovering, while small and medium-sized enterprises are facing significant pressure, as indicated by the PMI data [18][20] Group 2 - The technology sector is expected to remain a key focus, with AI and semiconductor industries showing strong growth potential, benefiting companies like Hengtong Optics and Parallel Technology [3][34] - High-end manufacturing is also highlighted, with opportunities in robotics and aerospace, particularly for companies involved in exports like Sanyang Technology and Wuxin Tunneling [3][34] - The energy sector is seeing a price recovery in the photovoltaic and lithium battery industries, although profitability remains under pressure due to impairment provisions [3][34] Group 3 - The healthcare sector shows structural differentiation, with demand for high-end instruments and research equipment recovering, benefiting companies like Haineng Technology and New Zhi Biology [3][34] - Companies with performance exceeding expectations include Wuxin Tunneling and Jilin Carbon Valley, while those with high future profit forecasts include Shuguang Digital and Liancheng CNC [3][34] - The report emphasizes the importance of monitoring the performance of companies in the AI and semiconductor sectors, as well as those involved in high-end manufacturing and energy [3][34]

Investment Rating - The report assigns an "Accumulate" rating to the company with a target price of 184.60 CNY, based on a current price of 171.00 CNY [4][10][21]. Core Insights - The company is positioned as a leading provider of computing power services, focusing on the integration of supercomputing and intelligent computing, with its intelligent computing cloud business leading growth [2][10]. - The company has strong growth momentum and profitability, with significant revenue contributions from its intelligent computing cloud business, which saw a 151% year-on-year increase in revenue for the first three quarters of 2025 [10][14]. - The company benefits from its strategic location in Beijing, leveraging local policy support and technological resources to enhance its competitive edge in the AI computing market [10][20]. Summary by Relevant Sections Investment Highlights - The company is expected to benefit significantly from the AI boom, with projected revenues of 1.11 billion, 1.36 billion, and 1.65 billion CNY for 2025, 2026, and 2027 respectively, reflecting growth rates of 69.6% and 22.6% [10][17]. - The intelligent computing cloud business is projected to maintain high growth rates, with revenue growth expected to be 70%, 22%, and 20% from 2025 to 2027 [14][16]. - The company has implemented a stock incentive plan to align the interests of management and key employees with long-term growth, which is expected to enhance operational vitality and innovation [10][20]. Financial Performance - The company reported a revenue of 734 million CNY for the first three quarters of 2025, with the intelligent computing cloud business contributing approximately 430 million CNY, accounting for 58.5% of total revenue [10][14]. - The gross margin for the third quarter reached 22.18%, with a net profit of 3.33 million CNY, marking a 374.07% year-on-year increase [10][14]. - The financial projections indicate a steady improvement in profitability, with net profits expected to grow from 22 million CNY in 2025 to 61 million CNY by 2027 [10][18]. Valuation Analysis - The report utilizes a price-to-sales (PS) valuation method, assigning a PS multiple of 8.1x for 2026, leading to a reasonable valuation of 110.2 billion CNY for the company [18][20]. - The company is compared with peers in the industry, highlighting its unique position as the first publicly listed company in the A-share market to provide specialized computing power services [19][20].

证券代码：920493 证券简称：并行科技 公告编号：2026-038 北京并行科技股份有限公司 购买资产的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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 带法律责任。 一、交易概况 （一）基本情况 北京并行科技股份有限公司（以下简称"公司"）拟向浙江天极集成电路技 术有限公司采购 GPU 算力服务器，采购金额预计不超过人民币 6,496 万元。 （二）是否构成重大资产重组 本次交易不构成重大资产重组。 公司购置算力设备形成自有算力资源池是向用户提供服务的经营采购行为， 是公司各项主营业务的必要组成部分，属于与公司日常经营相关的交易行为。根 据《上市公司重大资产重组管理办法》第二条、《北京证券交易所上市公司重大 资产重组审核规则》第八条规定，公司据经营所需购置相关算力设备资产的交易 活动为日常经营活动中购买资产的交易活动，不构成重大资产重组。 （三）是否构成关联交易 本次交易不构成关联交易。 （四）决策与审议程序 1、董事会审议程序：公司 2024 年度经审计净资产为 360,573,875.81 元。本 次董 ...

证券代码：920493 证券简称：并行科技 公告编号：2026-039 北京并行科技股份有限公司 关于 2026 年第四次临时股东会增加临时提案的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、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法律责任。 一、 召开会议基本情况 北京并行科技股份有限公司定于2026年3月20日召开2026年第四次临时股东会， 股权登记日为 2026 年 3 月 13 日，有关会议事项详见公司于 2026 年 3 月 5 日在北京证 券交易所官网披露的《关于召开 2026 年第四次临时股东会通知公告（提供网络投票）》， 公告编号：2026-036。 2026 年 3 月 9 日，公司董事会收到单独持有 12.7978%股份的股东陈健书面提交的 《关于提请增加北京并行科技股份有限公司 2026 年第四次临时股东会提案的函》，提请 在 2026 年 3 月 20 日召开的 2026 年第四次临时股东会中增加临时提案。 二、 增加临时提案的情况说明 （一）提案程序 （二）临时提案的具体内容 《关于公司拟采购 GPU 算力服务器的议案》 ...