FF305 | 2). 就根據股份計劃授予參與人（發行人的董事除外）的股份獎勵或期權 | 288,000 | 0.0236 % | HKD | 4.72 | | | --- | --- | --- | --- | --- | --- | | 而發行新股或轉讓庫存股份 - 涉及新股 | | | | | | | 2023年授出期權，變動日期自2025.12.08-2025.12.31 | | | | | | | 變動日期 2025年12月31日 | | | | | | | 於下列日期結束時的結存 (註5及6) 2025年12月31日 | 1,221,041,831 | | 0 | | 1,221,041,831 | | B. 贖回/購回股份 (擬註銷但截至期終結存日期尚未註銷) (註5及6) | | | | | | 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 浪潮數字企業技術有限公司 呈交日期： 2026年1月2日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容 而引致之任何損失承擔任何責任。 INSPUR DIGITAL ENTERPRISE TECHNOLOGY LIMITED 茲提述浪潮數字企業技術有限公司（「本公司」）日期為二零二五年十二月十八日的公 告（「該公告」）。除文義另有所指外，本公告所用詞彙與該公告所界定者具有相同涵 義。 除該公告所載資料外，本公司董事會（「董事會」）謹此補充，於二零二五年十二月 十八日授出購股權後，根據購股權計劃授權可供未來授出的股份數目為51,252,073 股。 上述補充資料並不影響該公告所載的其他資料。 承董事會命 浪潮數字企業技術有限公司 浪潮數字企業技術有限公司 （於開曼群島註冊成立的有限公司） （股份代號：596） 關於授出購股權的補充公告 主席 趙震 香港，二零二五年十二月三十一日 於本公告日期，董事會成員包括執行董事趙震先生、王玉森先生及崔洪志先生；非執行董事李春香 女士；以及獨立非執行董事黃烈初先生、張瑞君女士及丁香乾先生。 ...

Core Viewpoint - Inspur Digital Enterprise (00596) announced the granting of 26.8 million stock options to selected grantees under its stock option plan, which requires acceptance by the grantees and a payment of HKD 1.00 upon acceptance to become effective [1] Group 1 - The company has issued a total of 26.8 million stock options for subscription of an equivalent number of shares [1] - The stock options will only be valid after the grantees accept the options and make the required payment [1]

Core Viewpoint - Inspur Digital Enterprise (00596.HK) announced the granting of stock options under its stock option plan, allowing selected grantees to subscribe for a total of 26.8 million shares, pending acceptance and payment of HKD 1.00 by each grantee [1] Group 1 - The total number of stock options granted is 26.8 million [1] - Each stock option grants the holder the right to subscribe for one share [1] - The options will only be finalized upon acceptance by the grantees and payment of HKD 1.00 [1]

（於開曼群島註冊成立的有限公司） （股份代號：596） 授出購股權 董事會宣佈，本公司根據購股權計劃向獲選的承授人授出購股權，以認購合共 26,800,000股股份，惟須待承授人接納購股權及各承授人於接納購股權時支付 1.00港元後，方可作實。 本公告乃根據香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第 17.06A條而作出。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容 而引致之任何損失承擔任何責任。 INSPUR DIGITAL ENTERPRISE TECHNOLOGY LIMITED 浪潮數字企業技術有限公司 授出購股權 浪潮數字企業技術有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董 事」）會（「董事會」）茲公佈，於二零二五年十二月十八日，本公司根據其於二零一八 年十一月二十三日採納的購股權計劃（「購股權計劃」），向獲選的承授人（「承授人」） 授出購股權（「購股權」），以認購合共26,800,000股本公司股本中每股0.01港元的普 通股 ...

Core Viewpoint - The report by Haitao Securities emphasizes the importance of identifying stocks with potential short-term or long-term performance discrepancies or surprises in AI advancements as a core task for 2026 [1] Group 1: Investment Strategy - The main investment strategy is to focus on value investing in the Hang Seng Technology Index, leveraging volatility from the Hong Kong stock market and short-selling mechanisms [1] - The key to successful operations lies in selecting fundamentally strong companies with sustainable development capabilities [1] Group 2: Recommended Stocks for 2026 - Stocks currently at the bottom or adjusting, with a high likelihood of fundamental reversal in 2026: Meituan, Xiaomi Group (planning next vehicle), BYD Electronics [2] - Stocks expected to benefit from EPS gains and potential valuation uplift: Tencent Holdings, Trip.com Group, JD Health, Lenovo Group [2] - Stocks with controllable elasticity: Alibaba, Baidu Group, SMIC, Hua Hong Semiconductor [2] - AI elastic stocks: Kuaishou, Bilibili, Kingdee International, Horizon Robotics, Xpeng Motors, Yueda Group, NetEase, Sunny Optical Technology, UBTECH [2] - Potential small-cap companies: Inspur Digital Enterprise, Xindong Company, Huiliang Technology [2] Group 3: Individual Stock Insights - Kuaishou, Bilibili, Horizon Robotics, Xpeng Motors, Sunny Optical Technology, UBTECH are highlighted as key stocks with positive outlooks [2] - Inspur Digital Enterprise and Huiliang Technology are noted as quality small-cap stocks with promising prospects [2] - Tencent Holdings is identified as a top pick due to its strong research framework [2] - Alibaba is considered a leading asset in AI technology [2] - Lenovo Group is expected to achieve profitability in its server business next year due to accelerated AIPC penetration [2] - Trip.com Group is positioned well for growth driven by domestic stability and overseas acceleration [2] - JD Health is recognized as a leading player in internet healthcare with a clear growth path [2] - Meituan is noted for its resilience and potential turning point in competitive landscape [2] - Kingdee International's growth is constrained by macroeconomic factors, but AI and overseas expansion provide additional elasticity [2] - Xiaomi Group is expected to see improvements as negative factors gradually clear [2] - SMIC is experiencing an increase in advanced manufacturing proportion and continuous technological breakthroughs [2] - Hua Hong Semiconductor is benefiting from growth driven by computing and consumer electronics [2] - Yueda Group focuses on IP as a core asset, with expectations for further expansion and monetization [2] - NetEase is anticipated to enter a new product cycle with upcoming releases [2] - BYD Electronics is expected to see growth from Apple's foldable phone production and has significant potential in the new energy vehicle and data center sectors [2] - Xindong Company is driven by gaming and Taptap, with expectations for the launch of an overseas version [2]

Core Insights - The IDC report highlights that the growth rate of the equipment manufacturing MES market in China for 2024 is significantly higher than the overall market, with Inspur Digital Enterprise maintaining the top market share in MES solutions for equipment manufacturing due to its technological advantages and industry experience [1][4]. Group 1: Market Overview - MES is identified as the most focused, largest market segment in China's manufacturing digital transformation, characterized by a high concentration of vendors and intense competition, serving as a key indicator of digital maturity in the manufacturing sector [4]. Group 2: Company Profile - Inspur Digital Enterprise is a leading provider of industrial software products and comprehensive digital industrial solutions, having developed the Inspur Haiyue Manufacturing Operation Management (MOM) platform, which integrates various advanced technologies such as IoT, big data, machine vision, and digital twins [4][5]. - The MOM platform covers all levels of enterprise, factory, edge, and equipment, enabling comprehensive management of resources including personnel, equipment, materials, and energy, thus facilitating intelligent control across the entire production process [4]. Group 3: Applications and Achievements - The Inspur Haiyue MOM has been widely adopted in key manufacturing sectors such as shipbuilding, infrastructure equipment, and power transmission, collaborating with major companies to create exemplary smart manufacturing models [5]. - For instance, Shanxi Coal Machine integrated multiple systems through the MOM platform, achieving data visualization and real-time monitoring, which earned it the IDC 2025 China Future Digital Industry Leader Award [5]. - In TBEA, the MOM platform enhanced production efficiency by 25% and reduced unit product costs by 16% through deep integration of IT and OT, leading to its recognition as a smart manufacturing demonstration factory by the Ministry of Industry and Information Technology [5]. Group 4: Future Outlook - Inspur Digital Enterprise plans to continue investing in R&D to develop next-generation intelligent native MOM software while focusing on deep industry development to support the high-end, intelligent, and green transformation of industrial processes [5].

呈交日期: 2025年12月2日 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 浪潮數字企業技術有限公司 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00596 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/ ...

Group 1 - The company maintains an "overweight" rating, expecting net profit attributable to shareholders to reach 553 million, 703 million, and 892 million yuan for the years 2025, 2026, and 2027 respectively, with EPS projected at 0.48, 0.61, and 0.77 yuan [1] - The company has entered into a placement agreement to issue up to 68 million shares at a price of 7.30 HKD per share, expecting total proceeds of approximately 494 million HKD, with net proceeds of about 490 million HKD [1] - The net proceeds from the placement will be allocated approximately 70% for long-term funding in AI, cloud, and industrial software R&D, and 30% for general working capital [1] Group 2 - The board of directors proposes to change the company's registered location from the Cayman Islands to Hong Kong, which is expected to simplify compliance and legal structures while enhancing investor confidence [2] - The company’s AI model, "Haiyue," has been recognized as a typical case for deepening the reform of state-owned enterprises, contributing to high-quality development and national strategy implementation [2]

Investment Rating - The report maintains a "Buy" rating for the company [1][10]. Core Views - The company has successfully completed a placement to introduce strategic investors and is increasing its investment in artificial intelligence (AI) and other technology sectors, reinforcing its AI-first strategy and outlook for value recovery [2][10]. - The company plans to use approximately 70% of the net proceeds from the placement for long-term funding in AI, cloud, and industrial software development, while the remaining 30% will be allocated for general working capital [10]. - The board has proposed changing the company's registered location to Hong Kong, which is expected to simplify compliance and enhance investor confidence [10]. Financial Summary - Total revenue is projected to grow from 8,294 million RMB in 2023 to 11,001 million RMB by 2027, reflecting a compound annual growth rate (CAGR) of approximately 10.1% [4]. - Net profit is expected to increase significantly from 202 million RMB in 2023 to 892 million RMB in 2027, with a notable growth rate of 69.9% in 2023 and 90.8% in 2024 [4]. - The company’s price-to-earnings (PE) ratio is forecasted to decrease from 38.13 in 2023 to 8.71 by 2027, indicating improving profitability [4]. Market Data - The current stock price is 7.32 HKD, with a market capitalization of approximately 8,935 million HKD [1][7]. - The stock has traded within a range of 3.07 to 10.83 HKD over the past 52 weeks [7]. Earnings Forecast - The company’s earnings per share (EPS) is projected to rise from 0.34 RMB in 2024 to 0.77 RMB in 2027 [10][13]. - The expected net profit for the years 2025, 2026, and 2027 is 553 million RMB, 703 million RMB, and 892 million RMB, respectively [10].