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。 恒为科技（上海）股份有限公司（以下简称"公司"）正在筹划以发行股份 及支付现金的方式购买上海数珩信息科技股份有限公司（以下简称"数珩科技" 或"标的公司"）75%股份，同时公司拟发行股份募集配套资金（以下简称"本 次交易"）。 2025 年 9 月 29 日，公司召开第四届董事会第十次会议审议了《<恒为科技（上 海）股份有限公司发行股份及支付现金购买资产并募集配套资金预案>及其摘要 的议案》及其他与本次交易相关的议案，并在上海证券交易所网站及指定信息披 露媒体进行相关公告。 截至本公告披露日，鉴于本次交易的相关审计、评估等工作尚在进行中，因 此公司董事会决定暂不召开股东会审议本次交易相关事项。公司将在相关审计、 评估工作完成后，再次召开董事会审议本次交易相关事宜，并依法定程序召集股 东会并发布召开股东会的通知，提请股东会审议本次交易的相关事宜。 证券代码：603496 证券简称：恒为科技 公告编号：2025-056 恒为科技（上海）股份有限公司 关于暂不召开股东会审议发行股份及支付现金 购买资产并募集配套资金事项的公告 本公司董事会及全体董事保证 ...

恒为科技（上海）股份有限公司 第四届董事会第十次会议决议公告 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法律责任。 证券代码：603496 证券简称：恒为科技 公告编号：2025-054 一、董事会会议召开情况 恒为科技（上海）股份有限公司（以下简称"公司"或"上市公司"）第四 届董事会第十次会议于 2025 年 9 月 29 日在公司会议室以现场结合通讯会议方式 召开。本次会议召开前，公司已向全体董事发出电子邮件会议通知，并提交了会 议材料。会议应到董事 7 名，实到董事 7 名。本次会议召开及参加表决人数符合 法律法规、《公司章程》和公司《董事会议事规则》的规定。会议由公司董事长 沈振宇先生主持。 二、董事会会议审议情况 公司拟以发行股份及支付现金的方式收购上海数珩信息科技股份有限公司 （下称"标的公司"或"数珩科技"）75%股份，同时公司拟向不超过 35 名特定 投资者发行股份募集配套资金（下称"本次交易"）。 根据《中华人民共和国公司法》《中华人民共和国证券法》（以下简称"《证 券法》"）《上市公司重大资产重组管理办法》（以 ...

人民财讯9月29日电，恒为科技（603496）9月29日公告，公司拟通过发行股份及支付现金的方式购买上 海数珩信息科技股份有限公司75%股份，并向不超过35名特定投资者发行股份募集配套资金，本次交易 完成后，数珩科技将成为公司的控股子公司；公司产品和业务布局将向下游AI应用领域延伸。公司股 票将于2025年9月30日(星期二)开市起复牌。 ...

Core Viewpoint - The company plans to acquire 75% of Shanghai Shuhang Information Technology Co., Ltd. through a combination of issuing shares and cash payment, which will extend its product and business layout into downstream AI application fields [1] Group 1 - The acquisition involves a significant stake of 75% in Shanghai Shuhang Information Technology Co., Ltd. [1] - The transaction will be executed through a mix of share issuance and cash payment [1] - Post-transaction, the company's focus will shift towards downstream AI applications [1]

Core Viewpoint - Hengwei Technology (603496.SH) is planning to acquire 75% of Shanghai Shuhang Information Technology Co., Ltd. through a combination of issuing shares and cash payment, along with raising supporting funds for the transaction [1][6]. Company Overview - Hengwei Technology, established in 2003 and listed on the Shanghai Stock Exchange in 2017, had a market capitalization of 10.33 billion yuan before its stock suspension. The company operates primarily in two segments: network visualization and intelligent system platforms [5]. - In the first half of 2025, Hengwei Technology faced significant performance challenges, with revenue of 488 million yuan, a year-on-year decline of 23.19%, and a net profit of 17.82 million yuan, down 75.16% year-on-year [5]. Acquisition Details - The acquisition will allow Hengwei Technology to gain control over Shuhang Technology, which specializes in enterprise-level AI solutions. The deal is expected to enhance Hengwei's AI strategy [2][10]. - The transaction is not anticipated to constitute a major asset restructuring unless it is delayed beyond the current reporting period [7]. Shuhang Technology Profile - Founded in December 2017, Shuhang Technology focuses on localized AI solutions for enterprises, with a mission to apply GPT technology in business scenarios. The company has developed several proprietary technologies, including the S-GPT AI engine [9][10]. - Shuhang Technology has received various qualifications, including high-tech enterprise status, and holds numerous intellectual property rights [12]. Industry Context - The demand for scenario-based AI solutions is surging as enterprises undergo digital transformation. IDC predicts that the market for AI enterprise applications in China will exceed 300 billion yuan by 2025, with a compound annual growth rate of over 30% [13][14]. - The acquisition reflects a shift in the AI industry towards practical applications, with a focus on quantifiable commercial value becoming a key investment criterion [17]. Strategic Synergies - The acquisition aims to leverage the strengths of both companies, combining Hengwei's AI infrastructure with Shuhang's localized AI engine to create a synergistic effect [16]. - The customer bases of both companies are expected to complement each other, providing opportunities for cross-selling [16]. Challenges Ahead - Integrating a hardware company with a software company presents challenges, particularly in aligning organizational culture and management practices. Retaining Shuhang's core technical team and fostering innovation will be crucial for the success of the merger [17].

Core Insights - The AI industry is shifting from a focus on computational power to application implementation, as evidenced by Hengwei Technology's acquisition of 75% of Shuhang Information, marking the first AIRaaS acquisition in the A-share market [1][4] - Hengwei Technology's previous focus was on hardware solutions, but the need for quantifiable business outcomes has led to a strategic pivot towards service-oriented models [1][3] Company Overview - Shuhang Information, established in 2017, specializes in binding large model technology with industry scenarios, offering a full-process solution from data preparation to deployment through its proprietary S-GPTAI engine and Langtree model orchestration platform [2] - The company has experienced rapid revenue and profit growth over the past three years, serving various industries including fast-moving consumer goods, automotive, and finance [2] AIRaaS Model - The AIRaaS model aims to address the growth challenges faced by traditional AI service companies, which often struggle with implementation and measurable results, leading to client hesitance [3] - Unlike traditional models that charge for software licenses or human resources, AIRaaS focuses on quantifiable business outcomes, charging clients only upon achieving agreed results, thus creating a "results-based" service model [3] - This model allows for access to a core profit pool that constitutes 20%-60% of enterprise revenue, significantly higher than the 1%-2% covered by traditional digital services, presenting a substantial value opportunity for companies like Shuhang Information and hardware manufacturers like Hengwei Technology [3] Industry Trends - The acquisition reflects a broader trend in the AI industry, where competition is expected to shift from computational power to the ability to implement solutions in specific business contexts by 2025 [4] - As AI technology becomes more accessible, the focus will increasingly be on understanding industry needs and adapting models to meet those demands, moving away from a purely parameter-driven approach [4] - The ultimate impact of this acquisition will require time to assess, particularly regarding the integration of technologies and resources, as well as the ability to create differentiated advantages in the market [4]

Wind数据显示，9月24日，银河磁体、新大正、恒为科技等9只个股停牌。 ...

Group 1 - The company is planning to acquire 75% of Shanghai Shuhang Information Technology Co., Ltd. through a combination of issuing shares and cash payment, while also raising matching funds [1][6] - The transaction is not expected to constitute a major asset restructuring based on preliminary calculations, but if it is delayed into the next reporting period, it may be classified as such [1][3] - The company’s stock was suspended from trading on September 17, 2025, to ensure fair information disclosure and prevent abnormal stock price fluctuations [2][6] Group 2 - As of the announcement date, the transaction is still in the planning stage, and no formal agreements have been signed yet [3] - The transaction requires approval from the company's board of directors, shareholders, and relevant regulatory authorities before it can be officially implemented [3] - The total number of shares outstanding for the company is 320,209,243, all of which are freely tradable [7]

Core Viewpoint - Hengwei Technology announced plans to acquire 75% of Shanghai Shuhang Information Technology Co., Ltd. through a combination of share issuance and cash payment, while also raising additional funds through share issuance [2] Group 1: Transaction Details - The transaction is expected not to constitute a major asset restructuring based on preliminary assessments [2] - The company and relevant parties are actively advancing the transaction and are in discussions to finalize the transaction plan [2] Group 2: Stock Suspension - Due to the uncertainties surrounding the transaction, the company's A-share stock will continue to be suspended from trading [2] - The company will fulfill its information disclosure obligations in a timely manner based on the progress of the related matters during the suspension period [2]

Group 1 - The core principle of the current AI industry is that the focus is shifting from selling tools to selling results, leading to a growing interest in the "pay for results" model [2][3] - Hengwei Technology announced a suspension of trading to plan the acquisition of 75% of Shanghai Shuhang Information, marking the first A-share listed company to incorporate the AI RaaS (Result as a Service) model into its core strategy [2][4] - The AI RaaS model emphasizes quantifiable business outcomes, requiring service providers to be accountable for achieving agreed results, thus transforming the traditional service delivery approach [3][4] Group 2 - AI RaaS is reshaping the underlying logic of business by shifting the focus from model parameters to measurable value creation, facilitating a cognitive revolution from "buying tools" to "buying results" [4][5] - The model allows for a deeper integration of AI into core profit pools, which traditionally cover only 1%-2% of enterprise revenue, while AI RaaS can tap into areas accounting for 20%-60% of revenue, creating a significant value gap [4][5] - The acquisition of Shuhang Information by Hengwei Technology aims to create an ecosystem that combines computing power with practical applications, enhancing the overall value proposition in the AI RaaS market [7][8] Group 3 - The success of AI RaaS requires service providers to possess not only technical capabilities but also a deep understanding of user needs and industry-specific knowledge [5][6] - The analogy of electricity illustrates that the true value of AI lies in its application across various scenarios, rather than just the technology itself [6][7] - The partnership between Hengwei Technology and Shuhang Information is expected to significantly reduce the cost of AI solutions, particularly in regulated sectors like finance and government [8]