兴业证券股份有限公司 关于 武汉长江通信产业集团股份有限公司 发行股份购买资产并募集配套资金 暨关联交易 之 独立财务顾问报告 （三次修订稿） 独立财务顾问 二零二三年九月 武汉长江通信产业集团股份有限公司发行股份购买资产并募集配套资金暨关联交易之独立财务顾问报告 独立财务顾问声明与承诺 兴业证券股份有限公司受武汉长江通信产业集团股份有限公司委托，担任 本次发行股份购买资产并募集配套资金事项的独立财务顾问，就该事项向武汉 长江通信产业集团股份有限公司全体股东提供独立意见，并制作本独立财务顾 问报告。 本独立财务顾问报告是依据《中华人民共和国公司法》《中华人民共和国证 券法》《上市公司重大资产重组管理办法》《上市公司并购重组财务顾问业务管 理办法》《关于规范上市公司重大资产重组若干问题的规定》和《上海证券交易 所股票上市规则》等相关法律法规的规定，按照证券行业公认的业务标准、道 德规范和诚实信用、勤勉尽责精神，经审慎尽职调查后出具的，旨在对本次交 易作出独立、客观和公正的评价，以供长江通信全体股东及有关方面参考。 本独立财务顾问特作如下声明： 一、独立财务顾问声明 1、本次交易涉及的各方当事人向本独立财务顾问提 ...

上海市锦天城律师事务所 关于武汉长江通信产业集团股份有限公司 发行股份购买资产并募集配套资金暨关联交易 之 补充法律意见书（四） （更新稿） 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 6-4-1 | 正文 | | 8 | | --- | --- | --- | | 一、《问询函》问题 | 3 | 8 | | 二、《问询函》问题 | 5 | 16 | | 三、《问询函》问题 | 9 | 29 | | 四、《问询函》问题 22 | | 33 | | 五、《问询函》问题 23 | | 38 | | 六、《问询函》问题 24 | | 47 | | 七、《问询函》问题 25 | | 51 | | 八、《问询函》问题 26 | | 56 | | 九、《问询函》问题 27 | | 63 | 上海市锦天城律师事务所 补充法律意见书（四） 上海市锦天城律师事务所 关于武汉长江通信产业集团股份有限公司发行股份购买资产并 募集配套资金暨关联交易之 补充法律意见书（四） 致：武汉长江通信产业集团股份有限公司 上海市锦天 ...

独立董事 李克武 李银香 江小平 二〇二三年八月三十一日 武汉长江通信产业集团股份有限公司 独立董事关于第九届董事会第十九次会议 相关议案的事前审核意见 根据相关法律、法规及规范性文件和《公司章程》的有关规定， 我们作为武汉长江通信产业集团股份有限公司（以下简称"公司"）的 独立董事，在公司向董事会提交了第九届董事会第十九次会议资料后， 我们事前与管理层进行了充分的沟通，就有关问题向管理层进行了询问， 了解了相关情况，经过认真审阅相关资料，并基于独立判断立场，发表 如下事前认可意见： 拟提交公司第九届董事会第十九会议审议的《关于<武汉长江通信 产业集团股份有限公司发行股份购买资产并募集配套资金暨关联交易 报告书（草案）（修订稿）>及其摘要的议案》《关于批准本次交易相 关审计报告和备考审阅报告的议案》《关于批准本次交易相关加期补充 评估报告的议案》符合《公司法》《证券法》《上市公司重大资产重组 管理办法》及其他有关法律、法规和中国证券监督管理委员会颁布的部 门规章和规范性文件、交易所相关规则的规定。我们同意上述议案，并 同意将该等议案提交公司董事会审议。 武汉长江通信产业集团股份有限公司董事会 ...

股票代码：600345 股票简称：长江通信 公告编号：2023-054 武汉长江通信产业集团股份有限公司 第九届董事会第十九次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 武汉长江通信产业集团股份有限公司（以下简称"公司"或"本 公司")第九届董事会第十九次会议于 2023 年 8 月 31 日上午九点三 十分以通讯方式召开。会议通知及会议材料于 2023 年 8 月 23 日以电 子邮件方式发送至各位董事、监事及高级管理人员。会议应出席董事 9 人，实际出席 9 人，全体监事和公司高管人员列席了会议。本次会 议的召开程序符合《公司法》和《公司章程》等规定。会议由董事长 熊向峰先生主持，经与会董事认真审议，通过了如下决议： 一、审议并通过了《关于<武汉长江通信产业集团股份有限公司 发行股份购买资产并募集配套资金暨关联交易报告书（草案）（修订 稿）>及其摘要的议案》。 为实施本次发行股份购买资产并募集配套资金暨关联交易（以下 简称"本次交易"），公司根据相关法律、法规的规定以及其他规范性 文件的要求，结合公 ...

武汉长江通信产业集团股份有限公司（以下简称"公司"或"上 市公司"）拟向电信科学技术第一研究所有限公司、青岛宏坤元贾投 资管理中心（有限合伙）、宁波爱鑫投资合伙企业（有限合伙）、申迪 （天津）企业管理合伙企业（有限合伙）、宁波荻鑫投资合伙企业（有 限合伙）、爱迪（天津）企业管理合伙企业（有限合伙）、国新双百壹 号（杭州）股权投资合伙企业（有限合伙）、兴迪（天津）企业管理合 伙企业（有限合伙）、芜湖旷沄人工智能产业投资基金（有限合伙）及 湖北长江中信科移动通信技术产业投资基金合伙企业（有限合伙）发 行股份购买其合计持有的迪爱斯信息技术股份有限公司 100%的股权， 并拟向中国信息通信科技集团有限公司锁价发行股份募集配套资金 （以下简称"本次交易"）。 股票代码：600345 股票简称：长江通信 公告编号：2023-056 武汉长江通信产业集团股份有限公司 发行股份购买资产并募集配套资金暨关联交易报告 书（草案）（三次修订稿）修订说明的公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、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责任。 | 重组报告书（草案） | | 与前次 ...

Financial Performance - The company's operating revenue for the first half of 2023 was ¥58,625,097.62, a decrease of 53.67% compared to ¥126,530,631.71 in the same period last year[23]. - The net profit attributable to shareholders for the first half of 2023 was ¥70,627,902.32, down 5.33% from ¥74,604,754.60 in the previous year[23]. - Basic earnings per share for the first half of 2023 were ¥0.36, a decrease of 5.26% from ¥0.38 in the same period last year[24]. - The weighted average return on equity decreased by 0.30 percentage points to 3.17% from 3.47% in the previous year[24]. - The company achieved operating revenue of 58.63 million RMB, a year-on-year decrease of 53.67%[32]. - The net profit attributable to shareholders was 7.06 million RMB, down 5.33% year-on-year, primarily due to revenue decline and reduced gross profit[32]. - Total operating revenue for the first half of 2023 was ¥58,625,097.62, a decrease of 53.7% compared to ¥126,530,631.71 in the same period of 2022[88]. - Net profit for the first half of 2023 was ¥70,627,902.32, a decrease of 5.2% compared to ¥74,604,754.60 in the same period of 2022[89]. - The company reported a total comprehensive income of RMB 84,996,493.07 for the current period[109]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥39,292,270.41, compared to -¥35,393,902.63 in the same period last year, indicating a worsening cash flow situation[23]. - Cash flow from operating activities showed a net outflow of CNY 39,292,270 in the first half of 2023, compared to a net outflow of CNY 35,393,902 in the same period of 2022[93]. - The ending balance of cash and cash equivalents as of June 30, 2023, was CNY 82,683,454, down from CNY 140,901,728 at the end of June 2022[94]. - The net cash flow from operating activities for the first half of 2023 was -16,436,507.63 RMB, compared to -9,741,419.71 RMB in the same period of 2022, indicating a decline of approximately 68.4%[96]. - The total cash and cash equivalents at the end of June 2023 were 55,860,353.94 RMB, down from 114,653,033.36 RMB at the end of June 2022, reflecting a decrease of approximately 51.2%[97]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,599,898,191.40, an increase of 4.66% from ¥2,484,102,090.30 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 3.33% to ¥2,262,621,587.31 from ¥2,189,726,097.38 at the end of the previous year[23]. - Long-term borrowings increased by 541.67% year-on-year to ¥30,800,000.00, mainly due to loans for the information electronics industrial park project[36]. - Total liabilities reached ¥337,276,604.09, compared to ¥294,375,992.92, indicating an increase of around 14.6%[82]. - The total non-current liabilities amounted to ¥37,327,945.15, up from ¥11,849,765.59, reflecting an increase of about 214%[85]. Market and Strategic Focus - The company is focusing on the smart transportation sector, leveraging national policies to drive growth in the new infrastructure and digital economy[30]. - The company aims to become a leading solution provider in the smart city operation sector during the 14th Five-Year Plan period[30]. - The smart transportation industry is experiencing high growth due to continuous policy support and digital transformation initiatives[29]. - The company is expanding its market presence in regions such as Hubei, Xinjiang, and Tibet, securing new project orders[32]. Corporate Governance and Compliance - The company did not report any significant risks that could adversely affect its future development strategy or ongoing operations during the reporting period[7]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[7]. - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for this reporting period[6]. - The company emphasized its commitment to environmental protection, adhering to relevant laws and regulations without facing any penalties during the reporting period[55]. - The company actively participated in poverty alleviation and rural revitalization efforts by purchasing local agricultural products[57]. Research and Development - The company plans to increase R&D investment to enhance core technology capabilities and promote successful project experiences[31]. Shareholder Information - The company did not distribute profits or increase capital reserves during the first half of 2023, with no dividends or stock bonuses declared[51]. - The company is committed to maintaining its stockholder's interests by not reducing its holdings in the company for a specified period[60]. - The company's major shareholders include Fenghuo Technology Group Co., Ltd. with 28.63% ownership and Wuhan Financial Holding Group Co., Ltd. with 10.52% ownership[73]. Financial Reporting and Accounting Policies - The financial report was approved by the board of directors on August 29, 2023[115]. - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position and performance[119]. - The company applies the acquisition method for business combinations, recognizing goodwill when the acquisition cost exceeds the fair value of identifiable net assets[123]. - The company recognizes its share of assets and liabilities in joint operations and accounts for investments in joint ventures using the equity method[129].

股票代码：600345 股票简称：长江通信 公告编号：2023-032 武汉长江通信产业集团股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 重要内容提示： 武汉长江通信产业集团股份有限公司（以下简称"公司"）已于 2023 年 04 月 22 日发布公司《2022 年年度报告》，为便于广大投资者 更全面深入地了解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 05 月 18 日 14:00-15:00 举行 2022 年度业绩暨现金分红说明 会（以下简称"本次说明会"），就投资者关心的问题进行交流。 会议召开时间：2023 年 05 月 18 日（星期四）14:00—15:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 11 日（星期四）至 05 月 17 日（星 期三）16:00 前登录上证路演中心 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥32,185,382.95, representing a decrease of 1.91% compared to the same period last year[3] - Net profit attributable to shareholders was ¥29,090,766.99, an increase of 28.36% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥28,930,323.66, reflecting a growth of 28.44% compared to the previous year[3] - The basic earnings per share for the period was ¥0.15, which is an increase of 28.36% year-on-year[3] - The weighted average return on equity rose by 0.25 percentage points to 1.31%[3] - The total comprehensive income for Q1 2023 was ¥32,359,806.23, compared to ¥25,007,401.06 in Q1 2022, indicating an increase of about 29.0%[18] - Basic and diluted earnings per share for Q1 2023 were both ¥0.15, up from ¥0.11 in Q1 2022, reflecting a growth of approximately 36.4%[18] - The net profit attributable to the parent company's shareholders for Q1 2023 was ¥29,090,766.99, an increase from ¥22,664,243.34 in Q1 2022, representing a growth of approximately 28.5%[18] Cash Flow - The net cash flow from operating activities was -¥28,168,310.56, indicating a significant decrease due to reduced sales collections[6] - Cash inflows from operating activities in Q1 2023 totaled ¥25,752,355.44, a decrease of about 49.7% from ¥51,242,250.36 in Q1 2022[20] - The net cash flow from operating activities for Q1 2023 was -¥28,168,310.56, worsening from -¥12,126,621.92 in Q1 2022[20] - The company reported a net cash outflow from investing activities of -¥12,425,554.79 in Q1 2023, compared to -¥14,108,880.86 in Q1 2022, showing an improvement[22] - The net cash inflow from financing activities for Q1 2023 was ¥10,812,801.65, compared to a net outflow of -¥508,215.33 in Q1 2022, indicating a significant turnaround[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,509,513,559.26, up 1.02% from the end of the previous year[4] - Total assets as of March 31, 2023, were CNY 2,509,513,559.26, compared to CNY 2,484,102,090.30 at the end of 2022[14] - Total liabilities as of March 31, 2023, were CNY 287,147,605.19, a decrease from CNY 294,375,992.92 at the end of 2022[14] - The total liabilities as of March 31, 2023, included accounts payable of ¥37,677,360.79, down from ¥48,518,906.66 as of December 31, 2022, indicating a reduction of approximately 22.5%[25] - The company's total equity increased from CNY 2,189,726,097.38 at the end of 2022 to CNY 2,222,365,954.07 by March 31, 2023[14] Research and Development - Research and development expenses for Q1 2023 amounted to CNY 5,515,065.55, an increase of 10.6% compared to CNY 4,989,176.33 in Q1 2022[17] - Research and development expenses rose to CNY 2,719,853.56 in Q1 2023, up from CNY 1,491,872.78 in Q1 2022, reflecting an increase of approximately 82.3%[28] Investment Income - The company reported an increase in investment income to CNY 40,329,115.88 in Q1 2023, compared to CNY 33,140,214.27 in Q1 2022[17] - The company reported a significant increase in investment income to CNY 40,329,115.88 in Q1 2023 from CNY 33,021,885.50 in Q1 2022, representing an increase of approximately 22.0%[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,287[8] - Shareholders' equity attributable to the parent company increased by 1.49% to ¥2,222,365,954.07[4] Cash and Cash Equivalents - Cash and cash equivalents increased from CNY 106,593,055.28 at the end of 2022 to CNY 136,374,118.98 by March 31, 2023[12] - The cash and cash equivalents at the end of Q1 2023 were ¥106,593,055.28, a decrease from ¥192,404,583.70 at the end of Q1 2022[22] - The cash and cash equivalents at the end of Q1 2023 were CNY 77,235,083.99, down from CNY 139,100,444.43 at the end of Q1 2022, a decrease of approximately 44.5%[30]

Financial Performance - In 2022, the company achieved a net profit attributable to shareholders of RMB 185,618,239.59, representing a year-on-year increase of 102.97%[4]. - The company's operating revenue for 2022 was RMB 231,850,146.31, an increase of 111.00% compared to RMB 109,880,458.29 in 2021[24]. - The company's basic earnings per share increased by 104.35% to CNY 0.94 in 2022, compared to CNY 0.46 in 2021[25]. - Net profit attributable to shareholders increased by CNY 94.17 million, primarily due to a CNY 73.97 million increase in investment income from associates[25]. - The weighted average return on equity rose by 3.97 percentage points to 8.44% in 2022, compared to 4.47% in 2021[25]. - The company achieved an annual revenue of 231.85 million RMB, representing a year-on-year growth of 111.00%[41]. - The net profit attributable to shareholders reached 185.62 million RMB, an increase of 102.97% compared to the previous year[41]. Assets and Liabilities - The net asset attributable to shareholders at the end of 2022 was RMB 2,189,726,097.38, reflecting a growth of 3.76% from RMB 2,110,296,208.40 at the end of 2021[24]. - The total assets of the company increased by 7.16% to RMB 2,484,102,090.30 in 2022, up from RMB 2,318,037,901.97 in 2021[24]. - Current liabilities totaled ¥282,526,227.33 in 2022, an increase from ¥199,411,140.40 in 2021, marking a rise of about 41.7%[172]. - The company's total liabilities increased to ¥294,375,992.92 in 2022 from ¥207,741,693.57 in 2021, representing a growth of approximately 41.5%[172]. Cash Flow - The company reported a net cash flow from operating activities of RMB -24,195,905.68, compared to RMB -24,488,726.86 in the previous year[24]. - Cash flow from operating activities remained stable compared to the previous year[25]. - The cash and cash equivalents at the end of 2022 were 136,374,118.41 RMB, down from 219,148,301.24 RMB at the end of 2021[186]. - Cash inflows from operating activities totaled 195,027,965.43 RMB in 2022, compared to 120,318,387.99 RMB in 2021, marking an increase of approximately 62.1%[185]. Research and Development - Research and development investment reached CNY 28.85 million, a 70.15% increase from the previous year, aimed at enhancing product development and core competitiveness[33]. - The company added 21 new intellectual properties and patents in the smart transportation sector during the reporting period[34]. - R&D expenses rose by 82.81% year-on-year, reflecting the company's commitment to enhancing research and development investments[49]. - Total R&D investment amounted to 28.85 million yuan, accounting for 12.44% of total revenue[50]. Corporate Governance - The company emphasizes the importance of corporate governance and continuous improvement to enhance operational standards and governance structure[80]. - The company held one shareholders' meeting during the reporting period, ensuring compliance with legal procedures and protecting shareholder rights[76]. - The board of directors conducted eight meetings and established specialized committees to enhance governance and decision-making efficiency[77]. - The company has a complete and independent business operation capability, with no reported incidents of the controlling shareholder infringing on the company's interests[80]. Market Position and Strategy - The company expanded its market presence in regions such as Hubei, Sichuan, and Tianjin, securing new orders in smart airport and smart parking projects[33]. - The company aims to enhance its market presence by promoting core products like "Cloud Watch" and "Smart Highway Brain" in targeted provinces[70]. - The company is positioned to leverage the growing demand in the smart transportation industry, supported by favorable government policies and digital economy initiatives[65]. - The company is focused on completing the asset restructuring with Dais, ensuring the process aligns with the goal of achieving synergistic benefits[71]. Risks and Challenges - The company faces significant market competition risks due to late entry into the smart transportation industry, with major players like Huawei, Alibaba, and Tencent dominating the market[72]. - The company has shifted focus to smart transportation after exiting the optical communication equipment business, but it lacks core competitiveness and faces challenges in achieving stable sales growth[73]. - The company is actively working to enhance its R&D capabilities and market alignment to mitigate technology innovation risks, aiming to improve the proportion of proprietary products[73]. Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.80 per 10 shares, totaling RMB 15,840,000.00 to all shareholders[4]. - The total cash dividend for 2022 amounted to RMB 15,840,000, representing 8.53% of the net profit attributable to ordinary shareholders[108]. - In 2022, the company distributed a cash dividend of RMB 0.5 per 10 shares, totaling RMB 9,900,000[104]. - For 2023, the company plans to distribute a cash dividend of RMB 0.8 per 10 shares, pending approval at the annual shareholders' meeting[105].

Financial Performance - The company's operating revenue for Q3 2022 was CNY 44,372,263.50, representing a year-on-year increase of 1,860.14%[4] - The net profit attributable to shareholders for Q3 2022 was CNY 54,043,939.76, reflecting a year-on-year increase of 1,683.46%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 53,841,135.85, with a year-on-year increase of 1,719.41%[4] - The basic earnings per share for Q3 2022 was CNY 0.27, an increase of 1,250.00% compared to the same period last year[4] - The diluted earnings per share for Q3 2022 was also CNY 0.27, showing a 1,250.00% increase year-on-year[4] - Total operating revenue for the first three quarters of 2022 reached ¥170,902,895.21, a significant increase from ¥91,985,780.09 in the same period of 2021, representing an increase of approximately 85.6%[14] - Net profit for the first three quarters of 2022 was ¥128,648,694.36, up from ¥76,925,661.01 in 2021, reflecting an increase of approximately 67.4%[15] - The company reported a basic and diluted earnings per share of ¥0.65 for the first three quarters of 2022, compared to ¥0.39 in the same period of 2021, marking a growth of 66.7%[16] - The company reported a total comprehensive income of ¥133,364,354.26 for the first three quarters of 2022, compared to ¥75,639,584.78 in 2021, indicating an increase of about 76.5%[16] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to CNY 2,388,195,266.49, representing a 3.03% increase from the end of the previous year[5] - The equity attributable to shareholders at the end of Q3 2022 was CNY 2,126,680,964.07, reflecting a 0.78% increase from the end of the previous year[5] - Total liabilities as of the end of the third quarter of 2022 amounted to ¥261,514,302.42, up from ¥207,741,693.57 at the end of 2021, reflecting an increase of about 25.8%[12] - The total equity attributable to shareholders reached ¥2,126,680,964.07, slightly up from ¥2,110,296,208.40 in the previous year, showing a growth of approximately 0.8%[12] Cash Flow - Cash generated from operating activities was ¥112,391,598.26 in the first three quarters of 2022, significantly higher than ¥48,892,921.01 in 2021, representing an increase of about 129.5%[18] - The company’s cash flow from operating activities included ¥4,363,049.97 received from tax refunds, compared to ¥811,917.06 in the previous year, marking an increase of approximately 436.5%[18] - The net cash flow from operating activities was -$48,053,951.08, compared to -$57,510,630.13 in the previous year, indicating an improvement[19] - Total cash inflow from investment activities was $136,063,527.77, up from $80,411,257.29 year-over-year[19] - The net cash flow from investment activities was -$15,668,973.87, a significant decline from $48,914,343.47 in the previous year[19] - Cash inflow from financing activities totaled $24,900,000.00, down from $28,000,000.00 year-over-year[20] - The net cash flow from financing activities was -$14,105,552.23, compared to -$39,084,963.45 in the previous year, showing an improvement[20] - The total cash and cash equivalents at the end of the period were $141,319,839.60, down from $192,351,492.08 at the beginning of the period[20] - The company experienced a net decrease in cash and cash equivalents of -$77,828,461.64 during the quarter[20] Operational Metrics - The company attributed the increase in operating revenue to enhanced marketing efforts and accelerated project construction and delivery[6] - Research and development expenses for the first three quarters of 2022 totaled ¥16,048,873.41, compared to ¥13,042,039.19 in 2021, indicating an increase of approximately 23.1%[14] - The company has not disclosed any new product developments or market expansion strategies during this reporting period[10] Current Assets and Liabilities - As of September 30, 2022, total current assets amounted to RMB 402,367,759.39, a slight increase from RMB 394,120,629.33 at the end of 2021, reflecting a growth of approximately 2.5%[10] - Accounts receivable increased significantly to RMB 219,745,373.06 from RMB 125,159,849.93, representing a growth of about 75.6% year-over-year[10] - Inventory rose to RMB 24,397,413.24, up from RMB 15,652,283.57, indicating a year-over-year increase of approximately 55.5%[11] - Short-term borrowings decreased to RMB 20,000,000.00 from RMB 30,999,859.00, a reduction of about 35.7%[11] - Accounts payable increased to RMB 162,203,861.53 from RMB 112,576,098.07, representing a growth of approximately 44.1%[11] - The company reported a significant increase in long-term equity investments, rising to RMB 1,820,749,223.62 from RMB 1,813,524,091.74, a marginal increase of about 0.4%[11] Shareholder Information - There are no significant changes in the top ten shareholders' structure, with state-owned entities holding the majority of shares[9]