2025 年 9 月 18 日 佳都科技集团股份有限公司 2025 年第六次临时股东会会议资料 佳都科技集团股份有限公司 2025 年第六次临时股东会会议资料 1 / 25 佳都科技集团股份有限公司 2025 年第六次临时股东会会议资料 佳都科技集团股份有限公司 2025 年第六次临时股东会会议议程 现场会议时间：2025 年 9 月 18 日 14:30 网络投票时间： 交易系统投票平台投票时间 2025 年 9 月 18 日 9:15-9:25，9:30-11:30，13:00-15:00 互联网投票平台投票时间 2025 年 9 月 18 日 9:15-15:00 现场会议地点：广州市天河区新岑四路 2 号公司三楼会议室 参会人员：2025 年 9 月 11 日在册的全体股东，公司董事及高级管理人员 会议议程： 一、审议议案（请宣读人介绍重点内容，请参会股东参阅书面材料） | 序号 | 议案 | 页码 | | --- | --- | --- | | 1 | 关于公司发行 H 股股票并在香港联合交易所有限公司主板上市的议案 | 4 | | 2.00 | 关于公司发行 股股票并在香港联合交易所有限公司上市方 ...

Core Viewpoint - Jiadou Technology's stock has shown significant growth this year, with a year-to-date increase of 48.50%, reflecting strong market interest and performance in the IT services sector [1][2]. Financial Performance - For the first half of 2025, Jiadou Technology reported a revenue of 4.919 billion yuan, representing a year-on-year growth of 65.22%. The net profit attributable to shareholders was 135 million yuan, marking a substantial increase of 170.47% [2]. - The company has distributed a total of 501 million yuan in dividends since its A-share listing, with 39.4846 million yuan distributed over the past three years [3]. Stock Market Activity - As of September 10, Jiadou Technology's stock price was 6.95 yuan per share, with a market capitalization of 14.822 billion yuan. The stock experienced a trading volume of 531 million yuan and a turnover rate of 3.65% [1]. - The stock has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on August 28, where it recorded a net buy of -118 million yuan [1]. Shareholder Structure - As of June 30, 2025, Jiadou Technology had 103,000 shareholders, a decrease of 14.28% from the previous period. The average number of circulating shares per shareholder increased by 16.10% to 20,702 shares [2]. - Notable new shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, holding 25.0353 million shares and 19.8018 million shares, respectively [3]. Business Segments - Jiadou Technology's main business segments include ICT products and service solutions (72.51%), industry intelligent solutions (25.18%), and other services (0.50%) [1]. - The company operates within the IT services sector and is involved in various concepts such as AI multimodal, computing power, and the metaverse [2].

Group 1 - The optimization of the business environment is crucial for the development of industries and the construction of a modern industrial system [2] - The chairman of Jiadu Technology Group, Chen Jiao, highlighted that Jiadu has become a leading enterprise in the AI and rail transit industry chain but faces challenges in market competition and resource acquisition [2] - Chen Jiao suggested that Guangdong should encourage cooperation between state-owned and private enterprises to achieve higher levels of win-win collaboration [2] Group 2 - Fair competition is essential for private enterprises, particularly in the bidding and evaluation processes, where the identity of the enterprise should not influence the outcomes [2] - Jiadu Technology focuses on the application of core technologies such as AI, digital technology, and industrial control [2] - Despite policy support for AI innovation in Guangdong, private enterprises face challenges in bidding processes that often require prior successful application experience [3] Group 3 - Chen Jiao pointed out that some regions exhibit local protectionism, making it difficult for external innovative products to enter the market [3] - It is recommended that Guangdong innovate its mechanisms and policies to establish application promotion directories for technological innovations [3] - The evaluation criteria for project bidding should focus on the technical level and effectiveness of technological achievements rather than local investment and prior application experience [3]

Group 1 - The trend of A+H listings is gaining momentum, with nearly 30 A-share companies disclosing their plans to list in Hong Kong since August [1] - Major companies like Luxshare Precision and Shenghong Technology have formally submitted applications for H-share listings [1] - The encouragement from policies, simplified listing procedures, and the favorable valuation and liquidity of the Hong Kong market are driving this trend [1] Group 2 - A-share companies planning to list in Hong Kong span multiple industries, including semiconductors, machinery, pharmaceuticals, food, and media, with semiconductors being the most represented [2] - Semiconductor companies require substantial funding for R&D and expansion, and the Hong Kong market offers a broad financing channel and supports internationalization [2] - Companies like Sanan Optoelectronics and Gree Energy are seeking H-share listings to enhance their global strategies and brand image [2] Group 3 - Companies like Guangzhou Ruoyuchen Technology are pursuing Hong Kong IPOs to strengthen their capital and competitiveness, aligning with their global market expansion strategies [3] - The A+H dual-track model is becoming an effective way for Chinese companies to access international capital markets and accelerate globalization [4] - H-share listings are seen as a key move in global strategies, allowing companies to integrate global resources and enhance brand recognition [4] Group 4 - Increasing numbers of A-share companies are leveraging Hong Kong as an international financing platform to expand global capital and enhance brand influence [5] - New policies, such as the "Science and Technology Enterprise Special Line," are expected to encourage more biotech and specialized technology companies to list in Hong Kong [6]

Core Viewpoint - The company plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange to enhance its competitiveness, international brand image, and overseas business layout [2] Group 1: H-share Issuance and Listing - The issuance of H-shares aims to improve the company's international competitiveness and optimize its capital structure [2] - The company will consider the interests of existing shareholders and market conditions when determining the timing for the H-share issuance [2] - Currently, the company is in discussions with relevant intermediaries regarding the H-share issuance and listing [2] Group 2: Financial Performance - The company's revenue reached 4.92 billion yuan, a significant increase of 65.2% year-on-year [2] - The net profit attributable to shareholders was 135 million yuan, recovering from a loss of 192 million yuan in the same period last year [2] - The non-recurring net profit attributable to shareholders was 15.06 million yuan, up 324% year-on-year [2]

Group 1 - The core point of the article is that Jiadu Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange to accelerate its internationalization strategy and enhance its research and development capabilities [1][3]. - The company aims to improve its overall competitiveness, international brand image, and overseas business layout through this H-share issuance [1][3]. - The funds raised from the H-share issuance will be used for business development, including enhancing R&D capabilities, global marketing, strategic investments, and working capital [3][4]. Group 2 - Jiadu Technology reported a revenue of 4.919 billion yuan for the first half of 2025, representing a year-on-year growth of 65.22% [4]. - The company achieved a net profit of 135 million yuan, marking a turnaround from losses, with a significant increase in the fair value of investments in AI companies contributing to this profit [4]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, increased by 323.98% year-on-year, indicating stable business expansion and high-quality order delivery [4].

Core Viewpoint - The company, Jiadu Technology, plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its competitiveness and accelerate international expansion [1] Group 1: Company Overview - Jiadu Technology operates in the software development industry, focusing on intelligent construction for rail transit and ICT products and services [1] - The company has contributed to the construction of smart subway lines and stations, with its intelligent rail transit products deployed in 46 cities, over 100 lines, and more than 2,200 subway stations, covering over 3,900 kilometers [1] Group 2: Financial Performance - In the first quarter of 2025, the company reported revenue of 2.254 billion yuan, a year-on-year increase of 106.26%, and a net profit attributable to shareholders of 120 million yuan, marking a turnaround from losses [1] - For the first half of 2025, the company achieved revenue of 4.919 billion yuan, a year-on-year growth of 65.22%, with a net profit of 135 million yuan, also indicating a turnaround [2] Group 3: Research and Development - The company has consistently invested in R&D, with cumulative expenses reaching 1.268 billion yuan from 2020 to the first half of 2025 [2] - Recent innovations include the release of several new products such as the AI Intelligent Control Platform and the "Traffic Jiahong" operating system, which addresses key needs in the transportation sector [2] Group 4: Strategic Collaborations - The company has embraced collaboration with DeepSeek, integrating various products into the DeepSeek ecosystem, enhancing the efficiency of its large model training by over 150% compared to early 2024 [3]

Group 1 - Yushu Technology plans to submit an IPO application to the Chinese Securities Exchange between October and December 2024 [4] - The company's sales for 2024 are expected to be driven by quadruped robots and humanoid robots, accounting for 65% and 30% of total sales respectively [4] Group 2 - Nestlé's CEO Laurent Freixe was dismissed due to an investigation into an undisclosed romantic relationship with a subordinate, violating the company's code of conduct [5] - Philipp Navratil has been appointed as the new CEO of Nestlé, effective immediately [5] - Under Freixe's leadership, Nestlé completed the acquisition of the remaining 40% stake in Xu Fu Ji, marking the end of a 14-year capital journey [5] Group 3 - The acquisition case of Liangpinpuzi by Wuhan Changjiang International Trade Group has entered the acceptance stage as of August 28, 2025 [11] - After the acquisition, Wuhan Changjiang will hold 29.99% of Liangpinpuzi's shares, while Ningbo Hanyi will retain 35.23% [12] Group 4 - Bawang Tea Ji has officially entered the Philippine market with three stores opening in key commercial areas of Metro Manila [13] - The stores sold over 23,000 cups within the first three days of operation [13] Group 5 - The fast delivery industry is experiencing a price increase in core regions, driven by a national "anti-involution" policy [16] - This price adjustment is expected to improve profit margins for delivery companies and enhance the income stability of delivery personnel [16] Group 6 - The current spot gold price has surpassed $3,500 per ounce, marking a historical high with a year-to-date increase of over 33% [16] Group 7 - Tesla has officially launched the nationwide first batch of deliveries for the Model Y L [20]

Group 1 - Good Products' acquisition case has entered the acceptance stage, with Wuhan Yangtze International Trade Group acquiring 29.99% of Good Products' shares [6][7] - Bawang Tea has officially entered the Philippine market, opening three stores in key business districts and selling over 23,000 cups in the first three days [8] - Nestlé's CEO was dismissed due to a romantic relationship with a subordinate, which violated the company's code of conduct [3] Group 2 - Yushun Technology plans to submit an IPO application to the Chinese stock exchange between October and December 2025, with quadruped and humanoid robots expected to account for 65% and 30% of sales in 2024, respectively [2] - Tencent responded to a lawsuit from miHoYo, stating it will comply with legal regulations regarding user data requests [6] - The fast delivery industry is experiencing a price increase in core areas, driven by a national "anti-involution" policy aimed at improving profitability [11] Group 3 - The current spot gold price has surpassed $3,500 per ounce, marking a historical high with a year-to-date increase of over 33% [11] - The U.S. stock market saw all three major indices decline, while many Chinese concept stocks experienced gains [12] - Google was ruled not to divest its Chrome and Android systems in an antitrust case, but must share data with competitors [13] Group 4 - The Chinese Ministry of Foreign Affairs announced a visa-free policy for Russian passport holders from September 15, 2025, to September 14, 2026 [5] - WeChat's customer service clarified that inactive accounts may be reclaimed by the system after one year of inactivity, leading to the loss of all associated data [4] - The company "Sina" announced the resignation of its CEO due to an investigation into the purchase of illegal health products [16] Group 5 - Companies such as Jiadou Technology and XGIMI Technology are planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance competitiveness and international presence [17][19] - "Si Ai Ran Medical" completed a financing round exceeding 100 million yuan to advance its ophthalmic medical device product line [22] - "Lai Mu Technology" secured several million yuan in Series A financing to enhance its smart lawnmower product development and market expansion [24]

Group 1 - The main revisions of the company's articles of association and related governance rules require approval from the shareholders' meeting [1] - Items 1-14 of the governance rules will take effect upon the company's H-share issuance being approved by the China Securities Regulatory Commission and listed on the Hong Kong Stock Exchange [1] - Items 15-17 will take effect after being approved by the board of directors [1][3]