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： ●根据证监会《上市公司募集资金监管规则》（2025年6月15日起施行）等相关规定，掌阅科技股份有 限公司（以下简称"公司"）于2026年2月4日召开第四届董事会第十四次会议，审议通过了《关于使用自 有资金支付募投项目部分款项并以募集资金等额置换的议案》，同意公司及子公司作为募投项目"智能 中台化技术升级项目"的实施主体，在募投项目实施期间根据实际情况先行使用自有资金支付该募投项 目部分款项并以募集资金进行等额置换，该部分等额置换资金视同募投项目使用资金。保荐机构对本次 募集资金置换事项出具了无异议的核查意见。 一、募集资金基本情况 经中国证券监督管理委员会《关于核准掌阅科技股份有限公司非公开发行股票的批复》（证监许可 [2020]3348号）核准，公司非公开发行人民币普通股（A股）股票37,896,835股，发行价格为28.00元/ 股。截至2021年2月3日，公司实际募集资金总额为人民币1,061,111,380.00元，扣除各项发行费用人民币 23,41 ...

Group 1 - The core point of the news is that Zhangyue Technology (603533) is utilizing its own funds to pay for certain expenses related to its fundraising project, specifically for personnel salaries, social security, and housing fund, and plans to replace these with raised funds within six months [1][2][3] - As of February 4, 2026, Zhangyue Technology's stock closed at 23.62 yuan, down 2.76%, with a turnover rate of 4.79%, and a trading volume of 210,300 shares, amounting to a total transaction value of 495 million yuan [1] - On February 4, 2026, the company experienced a net outflow of 54.51 million yuan from major funds, accounting for 11.01% of the total transaction value, while retail investors saw a net inflow of 81.97 million yuan, representing 16.55% of the total transaction value [1][3] Group 2 - The company held its 14th meeting of the 4th Board of Directors on February 4, 2026, where it approved the proposal to use its own funds for part of the fundraising project expenses and to replace them with raised funds later [1][2] - As of December 2025, the company had completed a replacement amount of 65.59 million yuan for personnel-related expenses, which has been approved by the Board and does not affect the normal implementation of the fundraising project [2]

（文章来源：证券日报） 证券日报网讯 2月4日，掌阅科技发布公告称，公司于2026年2月4日召开第四届董事会第十四次会议， 审议通过了《关于使用自有资金支付募投项目部分款项并以募集资金等额置换的议案》，同意公司及子 公司作为募投项目"智能中台化技术升级项目"的实施主体，在募投项目实施期间根据实际情况先行使用 自有资金支付该募投项目部分款项并以募集资金进行等额置换，该部分等额置换资金视同募投项目使用 资金。 ...

核查意见 华泰联合证券有限责任公司关于 掌阅科技股份有限公司使用自有资金支付募投项目部分款项 并以募集资金等额置换的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"或"保荐机构"） 作为掌阅科技股份有限公司（以下简称"掌阅科技"、"公司"或"发行人"） 2020 年度非公开发行 A 股股票的保荐机构，根据《证券发行上市保荐业务管理 办法》《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指 引第 1 号——规范运作》《上市公司募集资金监管规则》等法律法规的规定，对 掌阅科技使用自有资金支付募投项目部分款项并以募集资金等额置换的事项进 行审慎核查，具体核查情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于核准掌阅科技股份有限公司非公开发行股 票的批复》（证监许可[2020]3348 号）核准，公司非公开发行人民币普通股（A 股）股票 37,896,835 股，发行价格为 28.00 元/股。截至 2021 年 2 月 3 日，公司 实际募集资金总额为人民币 1,061,111,380.00 元，扣除各项发行费用人民币 23,410,546.99 元（不含税），实际募集资金净 ...

证券代码:603533 证券简称:掌阅科技 公告编号:2026-006 掌阅科技股份有限公司 关于使用自有资金支付募投项目部分款项 2023 年 8 月 29 日，公司召开第三届董事会第十五次会议、第三届监事会第 十五次会议审议通过了《关于变更部分募集资金投资项目的议案》，将"技术中 心建设项目"的募集资金 34,516.00 万元和该部分募集资金累计产生的利息及现 金管理收益（扣除银行手续费，以募集资金专户资金余额为准），变更用于"智 能中台化技术升级项目"。此事项已经公司股东大会审议通过。 并以募集资金等额置换的公告 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： 根据证监会《上市公司募集资金监管规则》（2025 年 6 月 15 日起施行） 等相关规定，掌阅科技股份有限公司（以下简称"公司"）于 2026 年 2 月 4 日召 开第四届董事会第十四次会议，审议通过了《关于使用自有资金支付募投项目部 分款项并以募集资金等额置换的议案》，同意公司及子公司作为募投项目"智能 中台化技术升级项目"的实施主体 ...

Market Overview - The digital media sector experienced a decline of 3.85% on February 4, with ZhiDeMai leading the drop [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] Individual Stock Performance - *ST Fanli (600228) closed at 6.04, up 5.04% with a trading volume of 161,100 shares and a transaction value of 95.06 million [1] - Sanliu Wu Wang (300295) closed at 11.78, up 2.52% with a trading volume of 96,200 shares and a transaction value of 112 million [1] - Other notable declines include ZhiDeMai (300785) down 11.55% to 67.65, and XinHua Net (603888) down 6.29% to 24.29 [2] Capital Flow Analysis - The digital media sector saw a net outflow of 1.039 billion from institutional investors, while retail investors contributed a net inflow of 919 million [2] - The table of capital flow indicates that major stocks like *ST Fanli and Shengyi Bao experienced mixed capital movements, with significant outflows from institutional investors [3] Detailed Stock Capital Flow - *ST Fanli had a net inflow of 15.74 million from major investors, but a net outflow of 9.61 million from speculative investors [3] - Shengyi Bao saw a net inflow of 3.15 million from major investors, but also faced outflows from both speculative and retail investors [3] - The largest net outflow was observed in Mango Super Media (300413) with 40.88 million from major investors, while retail investors contributed a net inflow of 10.68 million [3]

Summary of the Conference Call on AI Annual Report Analysis Industry Overview - The conference focused on the analysis and outlook of AI annual reports, particularly in the TMT (Technology, Media, and Telecommunications) sector, with a specific emphasis on domestic and international AI companies [1][2][4]. Key Points and Arguments General Market Sentiment - The period from October 31 to March is characterized as a performance vacuum, where the focus is on thematic investments rather than immediate earnings results [2][3]. - The spring market is expected to see a resurgence, with significant activity anticipated around March [3][4]. North American Companies - North American companies, particularly those involved in AI and cloud computing, have reported earnings that exceeded expectations, indicating strong capital expenditure in AI [4][6]. - Companies like Microsoft and Meta have shown robust spending on AI infrastructure, reflecting a positive outlook for the sector [4][6]. - Despite some domestic companies underperforming, their stock prices have rebounded, suggesting that market sentiment is more focused on thematic trends rather than immediate earnings [5][6]. Domestic AI Companies - Domestic AI companies are experiencing a supply-demand imbalance, with strong demand for AI-related products and services, despite some companies reporting earnings below expectations [6][7]. - The industry is characterized by a shortage of materials and components, which is driving prices up and creating a favorable environment for growth [6][7][10]. Future Growth Projections - There is a consensus that the growth trajectory for AI companies will continue to be strong, with expectations for significant growth in 2026 and beyond [8][9]. - Many companies are currently undervalued, trading at price-to-earnings (P/E) ratios between 15x to 20x, which presents a potential investment opportunity [8][9]. Specific Company Insights - Companies like Wan, Tianfu Communication, and others are highlighted for their potential despite recent earnings misses, as the overall industry outlook remains positive [4][6][7]. - The demand for GPUs and AI chips is expected to remain high, with domestic companies like Cambrian facing challenges but still showing potential for recovery [9][10]. Application and Innovation - The conference emphasized the importance of AI applications, particularly in gaming and media, with companies like Tencent and ByteDance leading the charge [14][15]. - The emergence of AI-driven applications is seen as a significant growth area, with expectations for increased investment and innovation in this space [14][15]. Regulatory and Market Concerns - There are concerns regarding potential regulatory impacts on the gaming industry, but these are largely viewed as unfounded and not likely to affect the overall market significantly [15][16]. - The market is currently experiencing volatility, but analysts suggest that this presents buying opportunities for fundamentally strong companies [21][22]. Additional Important Insights - The conference highlighted the importance of monitoring capital expenditure trends among major tech companies, as this will influence the demand for AI infrastructure and services [36][37]. - The potential for new technologies, such as diamond-based cooling materials for semiconductors, was discussed as a future growth area [24][25]. - Analysts recommend focusing on companies with strong fundamentals and growth potential, particularly in the AI and semiconductor sectors, as the market continues to evolve [22][23][39].

Market Performance - The digital media sector increased by 3.73% on February 3, with Vision China leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] Individual Stock Performance - Vision China (000681) closed at 27.77, up 5.47%, with a trading volume of 772,900 shares and a transaction value of 2.108 billion [1] - Mango Super Media (300413) closed at 26.84, up 5.42%, with a trading volume of 466,100 shares and a transaction value of 1.232 billion [1] - People's Daily Online (603000) closed at 25.19, up 5.09%, with a trading volume of 775,400 shares and a transaction value of 1.931 billion [1] - Xinhua Net (603888) closed at 25.92, up 5.07%, with a trading volume of 429,200 shares and a transaction value of 1.104 billion [1] Capital Flow Analysis - The digital media sector saw a net inflow of 383 million from institutional investors, while retail investors experienced a net outflow of 296 million [2][3] - Major stocks like Mango Super Media had a net inflow of 237 million from institutional investors, but a net outflow of 152 million from retail investors [3] - Vision China experienced a net inflow of 114 million from institutional investors, with a net outflow of 84 million from retail investors [3]

Core Insights - The transformation of physical bookstores is no longer an enhancement but a necessity for survival and evolution in the face of challenges such as low customer conversion, operational inefficiencies, and high trial-and-error costs [1] - The launch of the "Book Point" solution by Zhangyue Technology aims to drive the breakthrough of physical bookstores through a dual approach of technology and content [1][2] - The implementation of the "National Reading Promotion Regulations" marks a new phase of institutionalization and standardization in public reading, encouraging the integration of digital and traditional reading [1] Group 1 - The "Book Point" solution addresses the urgent needs of physical bookstores by providing a comprehensive digital operating system tailored to their entire business cycle [1][2] - It helps bookstores deepen user relationships and achieve long-term value conversion through precise identification and guidance of users, professional book recommendations, and ongoing engagement after store visits [2] - The solution leverages mature data and technology capabilities to assist bookstores in making informed decisions, improving management efficiency, and focusing on cultural service upgrades and reading scene innovations [2] Group 2 - Zhangyue Technology's initiative to promote the digitalization of physical bookstores aligns with national policies and reflects the company's commitment to corporate responsibility [2] - The company believes that the future of reading will not be a competition between online and offline but rather a deep integration and mutual enhancement of both [2] - Future iterations of the "Book Point" solution will continue to enhance technical and service capabilities, fostering a sustainable and innovative business model in collaboration with bookstore partners [3]

Market Overview - The digital media sector experienced a decline of 1.16% on February 2, with Sanliu Wu leading the drop [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] Stock Performance - Notable stock performances include: - *ST Fanli (600228)*: Closed at 6.04, up 5.04% with a trading volume of 46,000 shares [1] - Zhidema (300785): Closed at 75.05, up 0.74% with a trading volume of 293,800 shares [1] - Mango Super Media (300413): Closed at 25.46, down 0.04% with a trading volume of 272,900 shares [1] - Visual China (000681): Closed at 26.33, down 0.08% with a trading volume of 681,200 shares [1] - Sanliu Wu (300295): Closed at 11.31, down 10.02% with a trading volume of 321,700 shares [2] Capital Flow - The digital media sector saw a net inflow of 11.99 million yuan from institutional investors and a net inflow of 92.81 million yuan from retail investors, while individual investors had a net outflow of 105 million yuan [2][3] - Key stocks with significant capital flow include: - Xinhua Net (603888): Net inflow of 38.73 million yuan from institutional investors [3] - Mango Super Media (300413): Net inflow of 37.08 million yuan from institutional investors [3] - Sanliu Wu (300295): Net inflow of 16.55 million yuan from institutional investors [3]