（一）会议召开情况 1.会议召开时间：2026 年 3 月 12 日 证券代码：920493 证券简称：并行科技 公告编号：2026-037 北京并行科技股份有限公司 第四届董事会第八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 董事吕智、陈文光、李晓静、范小华因工作原因以通讯方式参与表决。 二、议案审议情况 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 9 日以书面方式发出 5.会议主持人：董事长陈健先生 6.会议列席人员：公司有关高级管理人员列席会议 7.召开情况合法合规的说明： 本次会议召集、召开、议案审议与表决程序符合《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 会议应出席董事 9 人，出席和授权出席董事 9 人。 （一）审议通过《关于公司拟采购 GPU 算力服务器 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [3] Core Views - The company is expected to achieve a net profit attributable to shareholders of 218.1 million yuan in 2025, representing a year-on-year increase of 81%. The revenue from intelligent computing cloud services is projected to grow significantly, and the domestic computing power layout is anticipated to contribute core incremental growth [3][6] - The overall performance of the company is expected to maintain high-speed growth, driven by the booming global computing power services and artificial intelligence industry. The demand for computing power is increasing across various scenarios due to rapid iterations and implementations of generative AI technology [6] - The company's strategic planning and internal management are continuously improving, with enhanced computing power service and operational capabilities. The stability of core customer demand and high customer stickiness are also highlighted [6] Financial Forecasts and Valuation - The company’s revenue is projected to reach 1,110 million yuan in 2025, with a year-on-year growth rate of 69.56%. The net profit attributable to shareholders is expected to be 22 million yuan, with a year-on-year growth rate of 80.91% [5][6] - The earnings per share (EPS) for 2025 is estimated at 0.37 yuan, with a price-to-earnings (P/E) ratio of 452.54 [5][6] - The company is expected to achieve a total asset of 2,130 million yuan by the end of 2025, reflecting a year-on-year growth of 44.02% [6]

证券代码：920493 证券简称：并行科技 公告编号：2026-035 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 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 2,736 万元；拟 向北京容天汇海科技有限公司采购存储设备，采购合同金额预计不超过人民币 5,330 万元。公司本次购买资产采购金额预计不超过人民币 8,066 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 ...

证券代码：920493 证券简称：并行科技 公告编号：2026-036 北京并行科技股份有限公司 关于召开 2026 年第四次临时股东会通知公告（提供网络投票） 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、会议召开基本情况 （四）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。 公司股东应选择现场投票或网络投票的其中一种方式参与表决，如果同一 表决权出现重复投票表决的，以第一次投票表决结果为准。 （一）股东会届次 本次会议为 2026 年第四次临时股东会。 （二）召集人 本次股东会的召集人为董事会。 公司于 2026 年 3 月 5 日召开第四届董事会第七次临时会议，审议通过《关 于提请召开公司 2026 年第四次临时股东会的议案》。 （三）会议召开的合法合规性 本次股东会会议召集程序符合《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。本次会议召开无需经相关部门批准。 （五）会议召开日期和时 ...

证券代码：920493 证券简称：并行科技 公告编号：2026-034 北京并行科技股份有限公司 第四届董事会第七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 5 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 2 月 28 日以书面方式发出 5.会议主持人：董事长陈健先生 2.议案表决结果：同意 9 票；反对 0 票；弃权 0 票。 3.回避表决情况： 本议案不涉及关联交易事项，无需回避表决。 6.会议列席人员：公司有关高级管理人员列席会议 7.召开情况合法合规的说明： 本次会议召集、召开、议案审议与表决程序符合《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 会议应出席董事 9 人，出席和授权出席董事 9 人。 二、议案 ...

AI Industry Insights - In February 2026, China's AI model API usage surpassed the US for the first time, with 41.2 trillion tokens compared to the US's 29.4 trillion tokens[5] - The average daily usage of large models in China increased by 263% from H1 2025 to H2 2025, reaching 37 trillion tokens[12] - The demand for domestic computing power is experiencing exponential growth, driven by the rapid adoption of AI technologies[5] Market Performance - The median price change for technology growth stocks on the Beijing Stock Exchange was +0.70% from February 24 to February 27, 2026, with 63% of companies showing an increase[37] - Notable gainers included *ST Yun Chuang (+29.55%), Ke Li Co. (+21.79%), and Tonghui Information (+19.06%) during the same period[37] Valuation Metrics - The median TTM P/E ratio for the mechanical equipment sector rose from 44.0X to 50.0X, while the electronic equipment sector's median P/E increased from 60.5X to 61.0X[43][44] - The median market capitalization for electronic equipment companies increased from 22.4 billion yuan to 23.2 billion yuan[44] Sector Developments - The Beijing Stock Exchange has 28 companies in the AI+ industry chain, covering various segments such as computing power services, AI applications, and AI-powered products[31][32] - The AI computing market in China is projected to reach $25.9 billion in 2025, reflecting a year-on-year growth of 36.2%[26]

Group 1 - The overall revenue growth rate for companies listed on the Beijing Stock Exchange (BSE) in 2025 is 5.79%, while the net profit attributable to shareholders decreased by 8.68% compared to 2024 [2][12][14] - The average revenue for BSE companies in 2025 is 736 million yuan, with a median of 419 million yuan, showing a slight increase in average revenue but a significant drop in net profit [12][14] - In terms of revenue growth distribution, 62.71% of BSE companies reported positive revenue growth, with 185 companies achieving year-on-year growth, and 20 companies exceeding 40% growth [20][22] Group 2 - Among the five major industries on the BSE, high-end equipment, chemical new materials, consumer services, information technology, and biomedicine all achieved year-on-year revenue growth in 2025, with chemical new materials leading at 10.56% [23][26] - Only the chemical new materials sector saw a year-on-year increase in net profit, which grew by 6.63%, while other sectors experienced declines in net profit [26][30] - The top ten companies by revenue in 2025 include Beiterui, Yinuowei, and Tongli Co., with revenues of 16.983 billion yuan, 7.5 billion yuan, and 6.597 billion yuan respectively [27][30] Group 3 - The average price-to-earnings ratio (P/E) for the BSE is 49.27X, with the high-end equipment sector at 42.18X and the information technology sector at 101.19X, indicating varying valuation levels across industries [43][58] - The BSE has seen a decrease in the number of companies with P/E ratios exceeding 45X, while the number of companies with P/E ratios in the 0-30X range has increased [56][57] - The market sentiment remains stable despite a recent decline in trading activity, with the average daily trading volume for BSE A-shares at 18.162 billion yuan, down 3.69% from the previous week [50][49]

Market Performance - On February 27, 2026, the North Exchange 50 index decreased by 0.50%, closing at 1,537.13 points[1] - The overall trading volume on the North Exchange was 183.87 billion CNY, with a turnover rate of 2.84%[1] - The total market capitalization of the North Exchange was 9,425.87 billion CNY, with a circulating market value of 5,782.32 billion CNY[1] Sector Performance - The top-performing sectors included Oil & Petrochemicals (+5.2%), Computers (+1.2%), and Building Materials (+1.0%) while the worst performers were Environmental Protection (-2.7%), Media (-1.1%), and Electronics (-1.1%)[1] - Among the 295 listed companies, 107 saw an increase in stock price, while 184 experienced a decline[1] Stock Highlights - The leading stock by increase was Zhongcheng Technology (+14.58%), followed by Haiseng Medical (+13.23%) and Binhang Technology (+5.96%) while the largest declines were seen in Dapeng Industrial (-5.90%), Gebijia (-5.44%), and Tongbao Optoelectronics (-5.06%)[1][6][7] - The most actively traded stocks included Tongbao Optoelectronics (36.24% turnover), Aide Technology (29.26%), and Zhongcheng Technology (25.68%)[1] Valuation Metrics - The overall valuation of the North Exchange was approximately 47.37 times earnings, which is higher than the ChiNext's 46.86 times but lower than the Sci-Tech Innovation Board's 80.73 times[1][8] - The highest sector P/E ratio was in Non-ferrous Metals at 129.6 times, followed by Oil & Petrochemicals at 92.6 times and Communications at 90.4 times[1][8] Risk Factors - Risks include lower-than-expected policy support, insufficient technological innovation, intensified market competition, and market volatility[1][17]

Core Viewpoint - The A-share market's computing power concept stocks have continued to rise collectively for the second consecutive day, indicating strong investor interest and market momentum in this sector [1]. Group 1: Stock Performance - Yuntian Lifei (云天励飞) reached a 20% limit up, with a total market value of 39.6 billion and a year-to-date increase of 110.26% [2]. - Capital Online (首都在线) increased by over 16%, with a market capitalization of 18.9 billion and a year-to-date rise of 37.59% [2]. - Shunwang Technology (顺网科技) saw a 12% increase, with a market value of 20.3 billion and a year-to-date growth of 29.69% [2]. - Other notable performers include Qingyun Technology (青云科技) and Hongjing Technology (宏景科技), both rising over 10% with year-to-date increases of 87.17% and 105.76% respectively [2]. - The overall trend shows significant gains across various companies in the computing power sector, with many stocks experiencing double-digit percentage increases [1][2]. Group 2: Market Trends - The computing power concept stocks are showing a strong upward trend, with MACD golden cross signals indicating positive momentum in the market [1]. - The collective rise of these stocks suggests a growing confidence among investors in the potential of the computing power industry [1].

证券代码：920493 证券简称：并行科技 公告编号：2026-033 北京并行科技股份有限公司 2025 年年度业绩快报公告 （二）业绩变动的主要原因 2025 年度，全球算力服务及人工智能产业蓬勃发展。公司整体业绩亦持续 保持高速增长。 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。 特别提示：本公告所载 2025 年年度主要财务数据为初步核算数据，未经会 计师事务所审计，具体数据以公司 2025 年年度报告中披露的数据为准，提请投 资者注意投资风险。 一、2025 年年度主要财务数据和指标 单位：元 项目 本报告期 上年同期 变动比例% 营业收入 1,109,958,525.21 654,617,272.13 69.56% 利润总额 8,864,123.47 16,132,221.78 -45.05% 归属于上市公司股 东的净利润 21,811,205.97 12,056,674.61 80.91% 归属于上市公司股 东的扣除非经常性 损益的净利润 9,518,617.21 4,958,042.6 ...