杭州纵横通信股份有限公司 调整 2023 年股票期权激励计划行权价格的 北京德恒（杭州）律师事务所 关于 法律意见 电话:0571-86508080 传真:0571-87357755 邮编:310016 浙江省杭州市新业路 200 号华峰国际大厦 10 楼 | | | 北京德恒（杭州）律师事务所 关于杭州纵横通信股份有限公司调整 2023 年股票期权激励 计划行权价格的法律意见 释义 法律意见 德恒【杭】书（2025）第【10017】号 | 序号 | 简称 | | 全称 | | --- | --- | --- | --- | | 1 | 纵横通信或公司 | 指 | 杭州纵横通信股份有限公司 | | 2 | 激励计划、本次激励计划 | 指 | 杭州纵横通信股份有限公司 2023 年股票期权激 | | | | | 励计划 | | 3 | 本次调整 | 指 | 杭州纵横通信股份有限公司调整 2023 年股票期 | | | | | 权激励计划行权价格 | | 4 | 股票期权 | 指 | 公司授予激励对象在未来一定期限内以预先确定 | | | | | 的条件购买公司一定数量股票的权利 | | 5 | 激励对象 | 指 ...

Financial Performance - The company's operating revenue for the third quarter was ¥517,688,711.44, an increase of 19.61% compared to the same period last year[4] - The net profit attributable to shareholders was ¥18,850,962.68, representing a significant increase of 43.49% year-on-year[4] - The total profit for the third quarter was ¥22,263,183.86, an increase of 18.84% year-on-year[4] - Total operating revenue for the first three quarters of 2025 was CNY 1,315,175,454.03, a decrease of 1.0% compared to CNY 1,340,251,667.49 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was CNY 33,157,959.31, down 15.2% from CNY 39,098,616.09 in the first three quarters of 2024[20] - Earnings attributable to shareholders of the parent company for the first three quarters of 2025 were CNY 30,591,724.37, an increase of 44.5% from CNY 21,189,475.35 in the same period of 2024[21] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,526,678,851.37, reflecting an increase of 8.38% from the end of the previous year[5] - The company's total assets amounted to CNY 2,526,678,851.37, an increase from CNY 2,331,232,251.85 as of December 31, 2024, reflecting a growth of approximately 8.4%[14] - The company's current assets totaled CNY 1,922,101,926.30, up from CNY 1,717,072,810.98, indicating an increase of about 11.9%[15] - The company's total liabilities increased to CNY 1,446,540,876.92 from CNY 1,276,540,242.35, which is an increase of about 13.3%[16] - The total equity of the company was CNY 1,080,137,974.45, up from CNY 1,054,691,009.50, indicating a growth of about 2.4%[16] Cash Flow - The net cash flow from operating activities for the year-to-date was reported at -¥226,032,977.34[4] - Cash flow from operating activities for the first three quarters of 2025 was negative at CNY -226,032,977.34, slightly worse than CNY -225,654,873.54 in the same period of 2024[22] - The net cash flow from investing activities was -$48.5 million, a decrease from -$182.2 million year-over-year[23] - Cash inflow from financing activities totaled $877.4 million, compared to $446.2 million in the previous period[23] - The net cash flow from financing activities was $278.8 million, slightly down from $293.8 million year-over-year[23] - The company reported a net increase in cash and cash equivalents of $4.3 million, contrasting with a decrease of $114.1 million in the prior year[23] - The ending balance of cash and cash equivalents was $197.8 million, compared to $149.5 million in the previous period[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,684[10] - The company reported a total of 6,926,800 shares held in its repurchase account, accounting for 3.02% of total shares[12] - The company has not disclosed any significant changes in shareholder relationships or actions among the top ten shareholders[12] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 53,724,006.20, compared to CNY 49,691,214.56 in the same period of 2024, reflecting a 6.1% increase[18] Other Financial Metrics - The weighted average return on equity was 1.79%, a decrease of 0.02 percentage points compared to the previous year[5] - The company reported a gross profit margin of approximately 1.3% for the first three quarters of 2025, down from the previous year[18] - The company’s total costs for the first three quarters of 2025 were CNY 1,298,101,127.46, an increase of 0.9% from CNY 1,286,300,186.41 in the same period of 2024[18] - Basic earnings per share for the first three quarters of 2025 were CNY 0.13, up from CNY 0.11 in the same period of 2024[21] Accounting Standards - The company did not apply new accounting standards starting from 2025[24]

类型：其他股份有限公司（上市） 证券代码：603602 证券简称：纵横通信 公告编号：2025-041 杭州纵横通信股份有限公司 关于完成工商变更并换发营业执照的公告 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。 杭州纵横通信股份有限公司（以下简称"公司"）于2025年9月12日召开第 七届董事会第八次会议，并于2025年9月29日召开2025年第一次临时股东大会， 审议通过了《关于变更注册资本、经营范围、取消监事会并修订<公司章程>的议 案》，同意公司对注册资本及经营范围进行变更，同时修订《杭州纵横通信股份 有限公司章程》，具体内容详见公司刊登在上海证券交易所网站（www.sse.com.cn） 及于指定媒体披露的公告（公告编号：2025-031、032、035）。 近日，公司已完成工商变更登记手续，并取得浙江省市场监督管理局换发的 《营业执照》，新《营业执照》基本信息如下： 统一社会信用代码：91330100796661532B 名称：杭州纵横通信股份有限公司 2025 年 10 月 23 日 住所：浙江省杭州市滨江区西 ...

证券代码：603602 证券简称：纵横通信 公告编号：2025-040 杭州纵横通信股份有限公司 关于股票期权激励计划 限制行权期间的提示性公告 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。 根据《上市公司股权激励管理办法》《杭州纵横通信股份有限公司2023年股票期权激励计划》相关规 定，结合杭州纵横通信股份有限公司（以下简称"公司"）2025年第三季度报告披露计划以及2025年半年 度权益分派实施计划，现对处于自主行权期间的股票期权进行限制，具体情况如下： 一、公司股票期权激励计划已进入自主行权期的情况 ■ 二、本次限制行权期为：2025年10月16日至2025年11月11日，上述期间内全部激励对象将限制行权。 三、公司将按照有关规定及时向中国证券登记结算有限责任公司上海分公司申请办理限制行权相关事 宜。 特此公告。 杭州纵横通信股份有限公司董事会 2025年10月14日 ...

证券代码：603602 证券简称：纵横通信 公告编号：2025-040 二、本次限制行权期为：2025 年 10 月 16 日至 2025 年 11 月 11 日，上述期 间内全部激励对象将限制行权。 三、公司将按照有关规定及时向中国证券登记结算有限责任公司上海分公司 申请办理限制行权相关事宜。 特此公告。 杭州纵横通信股份有限公司董事会 2025 年 10 月 14 日 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。 根据《上市公司股权激励管理办法》《杭州纵横通信股份有限公司 2023 年 股票期权激励计划》相关规定，结合杭州纵横通信股份有限公司（以下简称"公 司"）2025 年第三季度报告披露计划以及 2025 年半年度权益分派实施计划，现 对处于自主行权期间的股票期权进行限制，具体情况如下： 一、公司股票期权激励计划已进入自主行权期的情况 | 股票期权激励计划 | | 行权期 | 期权代码 | | | 可行权期 | | | | --- | --- | --- | --- | --- | --- | --- | --- | ...

Investment Rating - The industry investment rating is "Strongly Outperform the Market" indicating that the overall return of the industry is expected to exceed the market benchmark index by more than 5% in the next 6 to 12 months [45]. Core Insights - The low-altitude sector is currently positioned for a potential rebound, supported by ongoing catalysts and developments in industry policies. The sector has been relatively stagnant since the beginning of the year, with the broader market reaching new highs, suggesting that a catalyst could trigger a rebound in the low-altitude economy [4][25]. - Infrastructure development and the application of drones in various scenarios are critical for the industry's growth. The report emphasizes that foundational infrastructure is essential for the low-altitude economy to thrive, and the focus on drone applications is expected to gain momentum, particularly in military and civilian sectors [5][26]. Summary by Sections Market Review and Weekly Outlook - The Wind Low Altitude Economic Index decreased by 0.20% over the past week, ranking 165 out of 338 sectors, underperforming the broader market which saw a 0.37% increase in the Shanghai Composite Index [12][25]. - The low-altitude sector has remained flat, contrasting with significant pullbacks in other high-performing sectors like AI computing and humanoid robotics, indicating a potential for future growth as it awaits catalysts [4][25]. Industry Dynamics - Recent developments include the establishment of a leadership group by the Civil Aviation Administration of China (CAAC) for general aviation and low-altitude economy, signaling promising future policies [4][25]. - The report highlights various local government initiatives aimed at practical implementations such as route planning and airspace management, which are expected to foster growth in the sector [4][25]. Investment Recommendations - Suggested focus areas for investment include infrastructure companies such as Suzhou Planning and Lais Information, and drone manufacturers like Jifeng Technology and Henghe Precision [28]. - The report also recommends monitoring leading companies in capacity such as Wanfeng Aowei and Zongshen Power for potential investment opportunities [28].

Core Points - The Shanghai Composite Index is at 3927.63 points, slightly down by 0.16%, with a total trading volume of 1.2446 trillion yuan [1] - A total of 181 A-shares have surpassed the half-year line, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - Li Min Co., Ltd. (002734) has a deviation rate of 4.31% with a price increase of 6.27% [1] - Yuanda Environmental Protection (600292) shows a deviation rate of 3.35% and a price increase of 3.93% [1] - Oriental Carbon (920175) has a deviation rate of 3.28% with an 8.17% price increase [1] Trading Activity - The total trading volume for A-shares today is reported at 1.2446 trillion yuan [1] - The stocks with the smallest deviation rates include Lian Ke Technology, Lingkang Pharmaceutical, and Publishing Media, which have just crossed the half-year line [1] Deviation Rate Rankings - The top stocks with the highest deviation rates include: - Li Min Co., Ltd. (002734) at 4.31% - Yuanda Environmental Protection (600292) at 3.35% - Oriental Carbon (920175) at 3.28% [1] - Other notable stocks with significant price increases and deviation rates include: - Han Commercial Group (600774) at 3.19% - Rui Pu Biological (300119) at 2.99% [1]

Market Overview - The Shanghai Composite Index is at 3927.63 points, slightly down by 0.16%, and remains above the five-day moving average [1] - The total trading volume of A-shares today is 12,445.99 billion [1] Stocks Performance - A total of 751 A-shares have surpassed the five-day moving average today [1] - Notable stocks with significant deviation rates include: - Chuling Information (乖离率 9.55%) - Seven Wolves (乖离率 9.01%) - Aonong Biological (乖离率 7.27%) [1] Top Stocks by Deviation Rate - The following stocks have the highest deviation rates from the five-day moving average: - Chuling Information: Today's change +13.59%, turnover rate 31.60%, latest price 28.17 [1] - Seven Wolves: Today's change +10.01%, turnover rate 5.46%, latest price 9.12 [1] - Aonong Biological: Today's change +9.43%, turnover rate 5.15%, latest price 5.34 [1] - Other notable stocks include: - Zhaolang Intelligent: +10.18%, turnover rate 7.14%, latest price 3.14 [1] - Taotao Automotive: +8.57%, turnover rate 6.91%, latest price 229.63 [1]

证券代码：603602 证券简称：纵横通信 公告编号：2025-039 杭州纵横通信股份有限公司 关于 2023 年股票期权激励计划 2025 年第三季度自主行权结果暨股份变动的公告 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： 本次行权股票数量： 公司 2023 年股票期权激励计划首次授予部分第一个行权期可行权数量为 94 万份，行权期为 2025 年 8 月 29 日至 2026 年 5 月 28 日。2025 年第三季度累计 行权并完成股份登记数量为 1 股，占本次可行权总量的 0.0001%；截至 2025 年 9 月 30 日，累计行权并完成登记数量为 1 股，占本次可行权总量的 0.0001%。 公司 2023 年股票期权激励计划预留授予部分（第一批）第一个行权期可行 权数量为 8 万份，行权期为 2025 年 8 月 29 日至 2026 年 7 月 10 日。2025 年第 三季度累计行权并完成股份登记数量为 0 股，占本次可行权总量的 0%；截至 2025 年 9 月 30 日，累计行权并完 ...

Summary of Key Points Core Viewpoint - The announcement details the shareholding reduction plan of a senior executive at Hangzhou Zongheng Communication Co., Ltd., specifically Mr. Zhu Jinlong, who has reduced his shareholding in the company as per the disclosed plan [1][2]. Group 1: Shareholding Information - Before the reduction plan, Mr. Zhu Jinlong held 387,800 shares, accounting for 0.17% of the company's total share capital [1]. - The shares were acquired prior to the company's initial public offering (IPO) and through capital reserve transfers and equity incentives after the IPO [2]. Group 2: Reduction Plan Implementation - The reduction plan was disclosed on September 4, 2025, with Mr. Zhu planning to sell up to 96,900 shares (0.04% of total share capital) within three months following the announcement [1]. - The actual reduction occurred between September 26 and September 30, 2025, where Mr. Zhu successfully sold 96,900 shares, bringing his total holdings down to 290,900 shares (0.13% of total share capital) [1][2]. - The implementation of the reduction plan was completed as scheduled, with no discrepancies between the planned and actual reductions [2].