Group 1 - The People's Bank of China has updated the major event change permission information for non-bank payment institutions, approving the reduction of Lakala Payment Co., Ltd.'s registered capital from 788,082,500.00 yuan to 776,664,942.00 yuan [1] - The major shareholder, Legend Holdings Corporation, increased its shareholding ratio from 23.54% to 23.88% [1]

FF301 致：香港交易及結算所有限公司 公司名稱: 聯想控股股份有限公司 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9月30日 狀態: 新提交 呈交日期: 2025年10月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03396 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,271,853,990 | RMB | | 1 RMB | | 1,271,853,990 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 1,271,853,990 | RMB | | 1 RMB | | 1,271,853,990 | | 2. 股份分類 | 普通股 | 股份類別 ...

快查股权穿透数据显示，该公司由联想控股持股，出资比例为11.29%。 来源：市场资讯 （来源：快查一企业中标了） 快查APP显示，联想控股相关公司东方航空物流股份有限公司于2025年9月23日发布一则招标信息，项 目名称为供应链公司重型牵引车及减震半挂车维修项目，预算金额为180.00万元。 ...

Group 1 - The core point of the article is that Lenovo Holdings has reduced its stake in Lakala by selling a total of 8.0781 million shares through centralized bidding and block trading from August 19, 2025, to September 22, 2025 [1]

Core Viewpoint - Lenovo Holdings has reduced its stake in Lakala by selling 8.0781 million shares, representing 1.03% of the total share capital, which does not affect the company's governance structure or control [1] Summary by Relevant Sections - **Shareholding Changes** - Lenovo Holdings' shareholding decreased from 25.00% to 23.97% following the sale of shares [1] - **Impact on Company Governance** - The reduction in shareholding does not alter the company's governance structure or its ongoing operations [1] - Lenovo Holdings is not a controlling shareholder or actual controller of the company, ensuring that control remains unchanged [1]

Core Insights - The State Council has issued the "Opinions on Deepening the Implementation of 'Artificial Intelligence +'" which accelerates the development of China's AI industry [2] - The document outlines a mid-to-long term plan for AI development with quantitative indicators, focusing on six key areas: technology, industry, consumption, livelihood, governance, and global cooperation [2] - The "Artificial Intelligence +" initiative is expected to shift AI from singular technological breakthroughs to empowering the entire industry chain, creating growth opportunities for upstream computing and data companies, as well as collaborative opportunities for midstream model development and downstream application scenarios [2] Industry Implications - The initiative aims to foster a new intelligent economy characterized by human-machine collaboration and cross-industry integration [2] - According to Yu Hao, Vice President of Lenovo Holdings, the "Artificial Intelligence +" initiative provides clear direction for the industry, facilitating comprehensive connectivity in both infrastructure and industry applications [3] - The key difference between "Artificial Intelligence +" and the previous "Internet +" is the shift from "linking" to "restructuring," leading to a qualitative leap in "human efficiency" [3] Future Outlook - Long-term, AI is expected not to eliminate jobs but to create new roles such as AI annotators, allowing humans to escape repetitive tasks and pursue higher value creation [3]

Core Insights - The State Council has issued the "Opinions on Deepening the Implementation of 'Artificial Intelligence +'" which accelerates the development of China's AI industry [1] - The document outlines a mid-to-long term plan for AI development with quantitative indicators, focusing on six key areas: technology, industry, consumption, livelihood, governance, and global cooperation [1] - The "Artificial Intelligence +" initiative is expected to shift AI from single technology breakthroughs to empowering the entire industry chain, creating growth opportunities for upstream computing and data companies, as well as collaborative opportunities for midstream model development and downstream application scenarios [1] Industry Implications - The initiative aims to foster a new intelligent economy characterized by human-machine collaboration and cross-industry integration [1] - The action plan provides clear direction for the industry, facilitating comprehensive connectivity in both infrastructure and industry applications [2] - The transition from "linking" in the previous "Internet +" era to "restructuring" in "Artificial Intelligence +" is expected to lead to a qualitative leap in "human efficiency" [2] Employment Impact - Long-term, AI is projected not to eliminate jobs but to create new roles such as AI annotators, allowing humans to escape repetitive tasks and pursue higher value creation [2]

中期 報告 中期報告 2025 目錄 2 釋義 6 管理層討論與分析 37 企業管治及其他資料 42 簡明合併中期收益表 43 簡明合併中期綜合收益表 44 簡明合併中期資產負債表 47 簡明合併中期權益變動表 49 簡明合併中期現金流量表 51 簡明合併中期財務報表附註 88 公司資料 釋義 於本報告內，除非文義另有所指，否則下列詞彙具有以下涵義： | 「AI」 | 指 | 人工智能 | | --- | --- | --- | | 「聯營公司」 | 指 | 就本報告而言，本公司及其附屬公司對其擁有重大影響的所有實體。重大影 | | | | 響是指參與被投資方財務和經營決策的權力，但不具有對這些政策的控制權 | | | | 或者共同控制權 | | 「審計委員會」 | 指 | 董事會下設之審計委員會 | | 「盧森堡國際銀行」 | 指 | 盧森堡國際銀行(Banque Internationale à Luxembourg S.A.)，一家在盧森堡 | | | | 註冊並以有限責任公司形式設立的信貸機構及我們的附屬公司 | | 「董事會」 | 指 | 本公司董事會 | | 「鑫果佳源」 | 指 | 深圳市鑫果佳 ...

Core Insights - The 2025 Beijing Top 100 Private Enterprises list highlights the significant role of digital economy and high-end manufacturing, with 68% of the top companies in these sectors [1][8] - The total revenue of the top 100 enterprises reached 5.26 trillion yuan, a year-on-year increase of 12.27%, while total assets reached 15.02 trillion yuan, up 6.6% [1] - The average R&D investment intensity of the top technology innovation enterprises was 9.47%, indicating a strong focus on technological development [2][8] Group 1: Overall Performance - The threshold for entry into the top 100 increased to over 5 billion yuan, reflecting a year-on-year growth of 7.5% and a cumulative growth of 38.6% over five years [1] - The total revenue of the top 100 enterprises has grown significantly, with a total of 5.26 trillion yuan, marking a historical high [1] - The total assets of these enterprises also reached a record high of 15.02 trillion yuan, showing a 183.4% cumulative growth over five years [1] Group 2: Technology Innovation - The top 100 technology innovation enterprises reported a total revenue of 2.46 trillion yuan, a year-on-year increase of 33.79%, and a profit of 136.04 billion yuan, up 20.54% [2] - R&D expenditures for these enterprises totaled 174.27 billion yuan, with an average R&D investment intensity of 9.47% [2] - The focus on technology innovation is evident, with 40% of enterprises forming mature "cultural tourism +" integration models and 86% exploring new cultural business formats [2] Group 3: Cultural Industry - The cultural industry top 100 enterprises achieved a total asset of 680.45 billion yuan, a remarkable year-on-year growth of 77.17% [2] - Their total revenue reached 420.08 billion yuan, with a profit of 43.59 billion yuan, both showing significant increases [2] - High-tech services have become the main revenue driver for the cultural industry, indicating a deep integration of culture and technology [2] Group 4: Specialized and Innovative Enterprises - The specialized and innovative top 100 enterprises reported a total revenue of 75.56 billion yuan and a net profit of 9.73 billion yuan [3] - A significant number of these enterprises (97) rely on self-developed core technologies, and 76 are involved in collaborative innovation models [3] - They filed 3,579 domestic patent applications, with over 72% being invention patents, showcasing their innovation capabilities [3] Group 5: Investment and Social Responsibility - The report introduced outstanding investment cases and social responsibility examples for the first time, with strategic investments making up 65% of the total [7] - A total of 1,475 enterprises participated in the social responsibility survey, with 244 submitting cases, and 35 recognized for their efforts [7] - The surveyed enterprises contributed 12.39 billion yuan to rural revitalization initiatives [7]

Group 1 - The 2025 Beijing Top 100 Private Enterprises list was released, with the entry threshold exceeding 5 billion yuan, a year-on-year increase of 7.5%, and a cumulative growth of 38.6% over five years [2][3] - The total revenue of the top 100 private enterprises reached 5.26 trillion yuan, a year-on-year increase of 12.27%, with a five-year cumulative growth of 38.8% [2][3] - The total assets of these enterprises amounted to 15.02 trillion yuan, showing a year-on-year growth of 6.6% and a cumulative increase of 183.4% over five years, marking a historical high [2][3] Group 2 - The top 100 technology innovation enterprises reported a total revenue of 2.46 trillion yuan, a year-on-year increase of 33.79%, with a profit total of 1360.44 billion yuan, up 20.54% [3] - Research and development expenses totaled 1742.69 billion yuan, with an average R&D intensity of 9.47%, indicating a strong focus on self-developed key technologies [3] Group 3 - The cultural industry top 100 saw significant growth, with total assets reaching 6804.48 billion yuan, a year-on-year increase of 77.17%, and total revenue of 4200.80 billion yuan, up 37.82% [3] - The profit total for this sector was 435.90 billion yuan, reflecting a year-on-year increase of 77.21%, with a notable trend of deep integration between culture and technology [3] Group 4 - The specialized, refined, distinctive, and innovative (专精特新) top 100 enterprises reported total revenue of 755.56 billion yuan and a net profit of 97.30 billion yuan [4] - A total of 3579 domestic patents were applied for, with over 72% being invention patents, showcasing a strong emphasis on innovation [4]