Group 1 - The core viewpoint of the news is that 泛微网络 (Fanwei Network) experienced a stock price increase of 5.2%, reaching 59.66 yuan per share, with a trading volume of 146 million yuan and a turnover rate of 0.96%, resulting in a total market capitalization of 15.548 billion yuan [1] - 泛微网络, established on March 14, 2001, and listed on January 13, 2017, specializes in the research, development, and sales of collaborative management software products, with its main business revenue composition being: technical services 63.11%, software revenue-e.cology 31.55%, third-party products 3.66%, software revenue-e.office 1.54%, and others 0.14% [1] Group 2 - From the perspective of the top ten circulating shareholders of 泛微网络, 招商基金 (China Merchants Fund) holds a position, with its 招商优势企业混合A (217021) fund reducing its holdings by 1.6827 million shares in the second quarter, now holding 4.1173 million shares, which accounts for 1.58% of the circulating shares [2] - The 招商优势企业混合A fund, established on February 1, 2012, has a latest scale of 4.461 billion yuan, with a year-to-date return of 28.93% ranking 3339 out of 8173 in its category, a one-year return of 74.37% ranking 1389 out of 8003, and a cumulative return since inception of 488.53% [2]

Company Overview - Panwei Network has seen its stock price increase by 18.04% year-to-date, with a recent 4.54% rise over the last five trading days, but a decline of 13.44% over the past 20 days [2] - The company specializes in the research, development, and sales of collaborative management software products, with a revenue composition of 63.11% from technical services, 31.55% from software revenue (e.cology), and smaller contributions from third-party products and other software [2] Financial Performance - For the first half of 2025, Panwei Network reported a revenue of 808 million yuan, a year-on-year decrease of 8.79%, while the net profit attributable to shareholders increased by 38.46% to 65.69 million yuan [2] - Cumulatively, the company has distributed 245 million yuan in dividends since its A-share listing, with 116 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders for Panwei Network was 14,700, a decrease of 0.71% from the previous period, with an average of 17,704 circulating shares per shareholder, an increase of 0.72% [2] - Among the top ten circulating shareholders, the "Zhaoshang Advantage Enterprise Mixed A" fund holds 4.1173 million shares, down by 1.6827 million shares from the previous period, while "Wanjia Autonomous Innovation Mixed A" is a new entrant holding 3 million shares [3] Market Activity - On September 16, Panwei Network's stock rose by 2.01%, reaching 57.75 yuan per share, with a trading volume of 115 million yuan and a turnover rate of 0.77%, resulting in a total market capitalization of 15.05 billion yuan [1] - The net inflow of main funds was 2.1957 million yuan, with significant buying and selling activity recorded [1]

Core Viewpoint - The stock price of Fanwei Network has shown fluctuations in recent trading days, with a year-to-date increase of 15.89% and a recent decline over the past 20 days of 10.21% [2] Group 1: Stock Performance - As of September 11, Fanwei Network's stock price increased by 2.02% to 56.70 CNY per share, with a trading volume of 1.75 billion CNY and a turnover rate of 1.20% [1] - The stock has been on the leaderboard four times this year, with the most recent appearance on March 7 [2] Group 2: Financial Performance - For the first half of 2025, Fanwei Network reported revenue of 808 million CNY, a year-on-year decrease of 8.79%, while net profit attributable to shareholders was 65.69 million CNY, an increase of 38.46% [2] - Cumulative cash dividends since the A-share listing amount to 245 million CNY, with 116 million CNY distributed over the past three years [3] Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Fanwei Network was 14,700, a decrease of 0.71% from the previous period, with an average of 17,704 circulating shares per shareholder, an increase of 0.72% [2] - The top ten circulating shareholders include notable funds, with招商优势企业混合A holding 4.12 million shares, a decrease of 1.68 million shares from the previous period, and万家自主创新混合A being a new shareholder with 3 million shares [3]

1、会议时间：2025年9月18日（星期四）16:00-17:00 2、会议地点：上证路演中心（http://roadshow.sseinfo.com） 证券代码：603039 证券简称：泛微网络 公告编号：2025-024 泛微网络科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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法律责任。 重要内容提示： 泛微网络科技股份有限公司（以下简称"公司"或"泛微网络"）已于2025 年8月15日发布公司2025年半年度报告，为便于广大投资者更全面深入地了解公 司2025年半年度经营成果、财务状况，公司计划于2025年9月18日（星期四） 16:00-17:00举行2025年半年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对2025年半年度的经营成 果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围 内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 联系电话：021-52262600-61 ...

Market Overview - The Shanghai Composite Index closed at 3819.32 points, with a gain of 0.32%, and the total trading volume of A-shares reached 1,641.14 billion yuan [1] - As of the current date, 29 A-shares have surpassed their annual moving average, indicating positive market sentiment [1] Notable Stocks - The stocks with the highest deviation rates from their annual moving average include: - Luopuskin (002333) with a deviation rate of 8.13% and a daily increase of 9.94% [1] - ST Huaxi (002630) with a deviation rate of 4.11% and a daily increase of 4.88% [1] - Wutong Holdings (300292) with a deviation rate of 3.67% and a daily increase of 5.35% [1] - Other stocks that have just crossed their annual moving average with lower deviation rates include: - Jiecheng Co. (300182) with a deviation rate of 0.04% and a daily increase of 1.60% [2] - Ganyue Expressway (600269) with a deviation rate of 0.05% and a daily increase of 0.40% [2] - Guangsha Huaneng (873703) with a deviation rate of 0.06% and a daily increase of 0.96% [2] Trading Activity - The trading turnover rate for notable stocks shows significant activity, with Luopuskin (002333) having a turnover rate of 3.79% and ST Huaxi (002630) at 6.77% [1] - The overall trading environment reflects a mix of high and low turnover rates among stocks that have recently crossed their annual moving averages [1][2]

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [2]. Core Insights - The company reported a revenue of 808 million yuan for the first half of 2025, a year-on-year decrease of 8.79%, while the net profit attributable to shareholders increased by 38.46% to 66 million yuan [5]. - The company has achieved significant cost reduction and efficiency improvements, leading to an increase in net profit margin by 2.8 percentage points to 8.1% [6]. - The company is embracing AI and the domestic innovation trend, optimizing its marketing channels both domestically and internationally [7]. - The company is expected to achieve revenues of 2.437 billion yuan, 2.640 billion yuan, and 2.887 billion yuan from 2025 to 2027, with corresponding net profits of 262 million yuan, 363 million yuan, and 439 million yuan [8]. Financial Performance - The latest closing price of the company's stock is 61.30 yuan, with a total market capitalization of 16 billion yuan [4]. - The company’s earnings per share (EPS) are projected to grow from 0.78 yuan in 2024 to 1.68 yuan in 2027 [10]. - The company’s asset-liability ratio stands at 44.9%, indicating a stable financial structure [4].

Core Viewpoint - The legal opinion letter from Beijing Deheng (Hangzhou) Law Firm confirms that the procedures for convening and holding the 2025 First Extraordinary General Meeting of Shareholders of Fanwei Network Technology Co., Ltd. comply with relevant laws and regulations [1][10]. Group 1: Meeting Procedures - The meeting was convened by the company's board of directors, and a notice was published on the Shanghai Stock Exchange website detailing the meeting's type, convenor, voting methods, date, time, and location [2][4]. - The meeting utilized a combination of on-site and online voting, with the record date for shareholders set for August 25, 2025 [3][4]. Group 2: Attendance and Qualifications - A total of 106 shareholders attended the meeting, holding a total of 605,882 shares, which represents 0.2324% of the company's total shares [5]. - The board members who were unable to attend included Wei Lidong, Jin Ge, Li Zhifeng, and Cheng Jiamao, while other directors, supervisors, and senior management were present [5][6]. Group 3: Voting Procedures and Results - The voting was conducted in accordance with legal and regulatory requirements, and the results were announced immediately after the voting process [6][10]. - The voting results showed that 3,795,878 shares were in favor of the proposals, accounting for the majority of the votes cast [6][10]. - The results from minority investors indicated a high level of agreement, with 99.7654% of minority investors voting in favor of the proposals [7][8].

Meeting Overview - The shareholders' meeting of the company was held on September 1, 2025, at the company's conference room in Shanghai [1] - The meeting was convened by the board of directors and chaired by Ms. Bao Xiaojun [1] - Voting was conducted through a combination of on-site and online methods, complying with the Company Law and the company's articles of association [1] Voting Results - All non-cumulative voting proposals were approved with significant majority support from A-shareholders, with votes such as 3,795,878 (99.8028%) in favor of one proposal [1] - Other proposals also received high approval rates, such as 3,794,878 (99.7765%) and 3,784,278 (99.4978%) [1][2] - The voting results indicate strong shareholder support for the company's governance and operational decisions [3] Legal Compliance - The meeting's procedures, attendance qualifications, and voting processes were confirmed to be in accordance with legal regulations and the company's articles of association [3] - The legal opinions provided by the attending lawyers confirmed the legitimacy and validity of the voting results [4]

Group 1 - The resignation of the company's director and financial manager, Ms. Bao Xiaojun, was submitted on September 1, 2025, due to internal work adjustments, but she will continue to serve as the financial manager [1][2] - Ms. Bao's resignation does not affect the minimum number of board members required by law, ensuring the board's compliance and the company's normal operations [1][2] - The resignation will take effect after the company's first extraordinary general meeting in 2025, following the election of a worker representative director [1][2] Group 2 - The company held a worker representative assembly on September 1, 2025, which approved the election of Ms. Wang Yumei as the worker representative director for the fifth board of directors [2] - Ms. Wang meets the qualifications and conditions required by the Company Law and the company's articles of association for the position of worker representative director [2] - The composition of the fifth board of directors remains compliant with legal requirements, as the number of senior management and worker representative directors does not exceed half of the total board members [2]

Group 1 - The company, Fanwei Network, announced the holding of its first extraordinary general meeting of shareholders for the year 2025 on September 1, 2025 [2] - The meeting will review and approve multiple proposals, including the "Proposal on" [2]