Core Viewpoint - The company, Fenghuo Communication, announced its first share buyback on October 23, 2025, repurchasing approximately 800,000 shares, which represents 0.062% of its total share capital, at a total cost of approximately 19.99 million RMB [1]. Group 1: Share Buyback Details - The share buyback was conducted through centralized bidding, with a maximum purchase price of 25.13 RMB per share and a minimum price of 24.81 RMB per share [1]. - The total amount spent on the buyback was approximately 19.99 million RMB [1]. Group 2: Financial Performance - For the year 2024, the revenue composition of Fenghuo Communication is as follows: optical communication accounts for 98.63%, while other businesses contribute 1.37% [1]. - As of the report date, the market capitalization of Fenghuo Communication is 32.4 billion RMB [1].

Core Viewpoint - The company, Fenghuo Communication, has initiated its first share buyback, purchasing 798,500 shares, which represents 0.062% of its total share capital [1] Summary by Categories Share Buyback Details - The buyback was conducted through centralized bidding on October 23, 2025 [1] - The highest purchase price was 25.13 CNY per share, while the lowest was 24.81 CNY per share [1] - The total amount spent on the buyback was 19.9891 million CNY, excluding transaction fees [1]

| 证券代码：600498 | 证券简称：烽火通信 公告编号：2025-055 | | --- | --- | | 转债代码：110062 | 转债简称：烽火转债 | 烽火通信科技股份有限公司 关于以集中竞价交易方式首次回购公司股份的公告 公司将严格按照《上市公司股份回购规则》《上海证券交易所上市公司自律监 管指引第 7 号——回购股份》等相关规定，在回购期限内根据市场情况择机做出 回购决策并予以实施，同时根据回购股份事项进展情况及时履行信息披露义务， 敬请广大投资者注意投资风险。 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，公司应当在首次回购股份事实发生的次一交易日 予以披露。现将公司首次回购股份情况公告如下：2025 年 10 月 23 日，公司以集 中竞价交易方式首次回购公司股份 798,500 股，占公司总股本的比例为 0.062%， 购买的最高价为 25.13 元/股、最低价为 24.81 元/股，支付的总金额为人民币 19,989,148.00 元（不含交易费用）。本次回购符合相关法律法规的规定及公司既 定的回购股份方 ...

Group 1 - The CPO concept stocks in the A-share market experienced a decline, with several companies seeing significant drops in their stock prices [1] - Companies such as Huilv Ecology, Tianfu Communication, Changfei Fiber, and Shijia Photon fell over 7% [1] - Other companies like Cambridge Technology and Xinyisheng dropped more than 5%, while Huaten Technology, Huagong Technology, Changxin Bochuang, Liante Technology, and Fenghuo Communication fell over 4% [1] Group 2 - Additional companies including Guangxun Technology, Jingwang Electronics, Ruijie Network, Zhongji Xuchuang, and Taicheng Light saw declines of over 3% [1]

Core Insights - The article discusses the growth and production statistics of China's mobile communication base station equipment, highlighting significant increases in production and market trends for the industry [1]. Industry Overview - According to the National Bureau of Statistics, the production of mobile communication base station equipment in China reached 420,000 RF modules in August 2025, representing a year-on-year growth of 48.9% [1]. - From January to August 2025, the cumulative production of mobile communication base station equipment totaled 3.194 million RF modules, with a cumulative growth of 3.3% [1]. Company Insights - Listed companies in the sector include ZTE Corporation (000063), Datang Telecom (600198), XinKe Mobile (688387), FiberHome Technologies (600498), Shenglu Communication (002446), *ST Rihai (002313), and Chaoxun Communication (603322) [1]. - The report by Zhiyan Consulting provides insights into the market trends and forecasts for the Chinese communication equipment industry from 2025 to 2031 [1].

Core Viewpoint - The company plans to repurchase shares with a total amount between RMB 75 million and RMB 150 million, aiming to enhance investor confidence and reduce registered capital through share cancellation [1][10]. Group 1: Repurchase Plan Details - The repurchase will utilize self-owned or raised funds and will be conducted via centralized bidding on the Shanghai Stock Exchange [6][13]. - The maximum repurchase price is set at RMB 40.53 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [1][12]. - The repurchase period is limited to six months from the approval date by the shareholders' meeting [1][7]. Group 2: Financial Implications - The total repurchase amount, if at the upper limit, will account for approximately 0.35% of the company's total assets, 1.07% of net assets, and 4.16% of cash funds as of June 2025 [14]. - The estimated number of shares to be repurchased ranges from approximately 1,850,482 shares (at the lower limit) to 3,700,962 shares (at the upper limit), representing about 0.144% to 0.287% of the total share capital [10][11]. Group 3: Governance and Compliance - The company has confirmed that there are no plans for share reduction by directors, supervisors, senior management, or major shareholders in the next three to six months [1][15]. - The board of directors has been authorized to manage the repurchase process, including adjustments based on market conditions [18][19]. Group 4: Legal and Regulatory Considerations - The company has notified creditors regarding the share repurchase and will follow legal procedures to ensure creditor rights are protected [17]. - The repurchased shares will be fully canceled, leading to a reduction in registered capital, and the company will comply with all relevant disclosure obligations [16][24].

Core Viewpoint - The company plans to repurchase shares through a centralized bidding method, with a total repurchase amount ranging from 75 million RMB to 150 million RMB, aimed at reducing registered capital and enhancing investor confidence [2][8]. Summary by Sections Repurchase Plan Overview - The repurchase amount will not be less than 75 million RMB and not exceed 150 million RMB [2]. - The funding source for the repurchase will be from the company's own funds or self-raised funds [17]. - The shares repurchased will be fully canceled to reduce the registered capital [8][15]. - The maximum repurchase price is set at 40.53 RMB per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [2][16]. - The repurchase will be conducted through centralized bidding on the Shanghai Stock Exchange [10]. - The repurchase period will last for no more than 6 months from the date of the shareholders' meeting approving the plan [11]. Purpose and Justification - The repurchase is based on the company's confidence in its future stable development and a reasonable assessment of its stock value, aimed at protecting investor interests and promoting recognition of the company's value [8][7]. Financial Impact - As of June 2025, the company's total assets were 43.016 billion RMB, with net assets of 14.068 billion RMB and cash of 3.603 billion RMB [18]. - If the maximum repurchase amount of 150 million RMB is utilized, it would represent approximately 0.35% of total assets, 1.07% of net assets, and 4.16% of cash [18]. Shareholder and Management Conduct - The company’s directors, supervisors, senior management, controlling shareholders, and actual controllers have confirmed that there are no plans to reduce their holdings in the next 3 to 6 months [2][20]. - There have been no transactions involving the company's shares by these parties in the 6 months prior to the board's decision [19]. Regulatory Compliance - The company has notified creditors regarding the share repurchase and will follow legal procedures to ensure creditor rights are protected [12][13]. - The board has been authorized to manage the repurchase process, including adjustments based on market conditions [21].

转债代码：110062 转债简称：烽火转债 证券代码：600498 证券简称：烽火通信 公告编号：2025-054 烽火通信科技股份有限公司 关于以集中竞价方式回购股份的回购报告书 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： ● 回购股份价格：不超过人民币 40.53 元/股（含本数），该回购价格上限 不高于董事会审议通过本次回购股份决议前 30 个交易日公司股票交易均价的 150%； ● 回购股份方式：集中竞价交易方式 公司将根据回购事项进展情况及时履行信息披露义务，敬请投资者注意投资 风险。 一、 回购方案的审议及实施程序 （一）本次回购股份方案董事会、股东大会审议情况 ● 回购股份期限：自公司股东大会审议通过本次股份回购方案之日起不超过 6 个月； ● 相关股东是否存在减持计划：经问询，截至审议本次回购股份的公司董事 会决议日，公司董事、监事、高级管理人员、控股股东、实际控制人未来 3 个月、 未来 6 个月不存在减持计划，相关股东后续如有减持计划，将严格遵守相关规定 并配合公司及时履行信息披露 ...

Group 1 - The company, Fenghuo Communication (600498), has announced a share repurchase plan through centralized bidding, intending to spend no less than 75 million yuan and no more than 150 million yuan [1] - The repurchase price will not exceed 40.53 yuan per share, with funds sourced from its own or raised capital [1] - The repurchased shares will be canceled to reduce registered capital, with a repurchase period of up to 6 months starting from the approval of the shareholders' meeting [1] Group 2 - As of the board resolution date, relevant shareholders have no plans to reduce their holdings in the next 3 to 6 months [1] - The company acknowledges potential risks such as exceeding the stock price limit and funds not being in place, and it will disclose progress in a timely manner [1]

Core Viewpoint - The report highlights the growth trajectory of China's optoelectronic device industry, projecting significant increases in production volume and market potential from 2025 to 2031 [1] Industry Summary - According to the National Bureau of Statistics, the production volume of optoelectronic devices in China is expected to reach 176.7 billion units (pieces, sets) by August 2025, representing a year-on-year growth of 18.8% [1] - From January to August 2025, the cumulative production of optoelectronic devices in China is projected to be 1,296.63 billion units (pieces, sets), with a cumulative growth of 8.1% [1] - The report is based on a comprehensive market survey and future trend forecast conducted by Zhiyan Consulting, a leading industry research institution in China [1]