出品：新浪上市公司研究院 文/夏虫工作室 核心观点：品茗科技在增长困局之际，透过引入战投方式拉爆公司市值。公司股价一度涨幅近三倍，这 是否给相关公司提供了市值管理新范式？值得注意的是，在公司股价拉高之际，公司高管精准高位减持 套现。 近日，品茗科技发布2025年业绩预增公告。公告显示，公司2025年营业收入预计为4.20亿元至4.50亿 元，较上年基本持平。公司盈利能力大幅提升，预计归母净利润为4600万元至5000万元，同比增长 46.13%至58.83%；扣非净利润3440万元至3840万元，同比增幅达63.60%至82.62%。 行业景气度承压增长乏力 员工缩水超三成 品茗科技专注于建筑信息化领域，主营业务包括建筑行业软件开发、销售及技术服务，产品涵盖工程造 价、施工管理、BIM应用等多个领域。品茗科技主要由建筑信息化软件与智慧工地产品业务组成。自 2021年后，公司增长出现乏力。 一方面，建筑行业仍处于底部修复期和政府资金紧平衡等因素较大程度拖累行业增长，行业效益继续下 滑，行业内众多参与主体面临更大展业困境、资金困境，为公司业务开展带来挑战。另一方面，地产行 业景气度仍处于周期底部，对建筑业发展形成 ...

Core Viewpoint - Pinming Technology (688109.SH) has reported significant growth in its performance, with a forecasted revenue of 420 million to 450 million yuan for 2025, remaining stable compared to the previous year, while net profit is expected to increase by 46.13% to 58.83% [1][2] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of 46 million to 50 million yuan for 2025, marking a year-on-year increase of 46.13% to 58.83% [1][2] - The non-deductible net profit is projected to be between 34.4 million and 38.4 million yuan, with a growth rate of 63.60% to 82.62% [1][2] - The company has achieved continuous growth in net profit for three consecutive years, recovering from a loss in 2022 to a profit of 12.43 million yuan in 2023 and 31.48 million yuan in 2024, reflecting year-on-year growth of 122.19% and 153.27% respectively [2] Group 2: Business Strategy and Operations - The growth in performance is attributed to the company's focus on "quality improvement and efficiency enhancement" and the optimization of its operational quality [3] - The company has seen an increase in revenue from its construction information software business, which has improved its revenue structure and overall profitability [2][3] - Cost control measures have been effective, with reductions in research and sales expenses, and improved collection efficiency on accounts receivable [3] Group 3: AI Development and Partnerships - Pinming Technology is deepening the application of AI in the construction information sector, with its AI model "Pinming Xiaozhu" currently in the early stages of promotion [4][5] - The company has entered into a share transfer agreement with Tongzhi Technology, which acquired 12.55 million shares, representing 15.92% of the total share capital, for a total price of 496 million yuan [5] - Following the transaction, Tongzhi Technology has committed to not seeking control or reducing its shareholding for specified periods, indicating a strategic partnership focused on intelligent applications [5] Group 4: Research and Development - The company has increased its investment in research and innovation, with a total of 59 patents and 351 software copyrights held as of mid-2025 [6] - An additional 47 invention patents are under substantive examination, showcasing the company's technological advancement and R&D capabilities [6] - In the first three quarters of 2025, the company invested 61.93 million yuan in research and development [6]

证券代码：688109 证券简称：品茗科技 公告编号：2026-003 品茗科技股份有限公司 2026年第一次临时股东会决议公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： ● 本次会议是否有被否决议案：无 一、会议召开和出席情况 （三）出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及其持有表决权数量的情 况： ■ （四）表决方式是否符合《公司法》及公司章程的规定，股东会主持情况等。 本次会议由公司董事会召集，董事长李军先生主持。会议采用现场投票和网络投票相结合的方式进行表 决。本次会议的召集、召开程序及表决程序符合《公 司法》《证券法》及《公司章程》的规定。 （五）公司董事和董事会秘书的列席情况 1、公司在任董事7人，以现场结合通讯方式列席6人，独立董事陈龙春先生因个人原因请假； 2、董事会秘书出席本次股东会；全体高级管理人员列席本次股东会。 二、议案审议情况 （一）非累积投票议案 1、议案名称：关于选举郭炜炜先生为第四届董事会独立董事的议案 1、关于选举第四届董事会非独立董事的议案 ■ ...

国浩律师（北京）事务所 关于 品茗科技股份有限公司 二〇二六年一月 2026 年第一次临时股东会 之 国浩律师（北京）事务所 法律意见书 北京市朝阳区东三环北路38号泰康金融大厦9层 邮编：100026 9th Floor, Taikang Financial Tower, No. 38 North Road East Third Ring, Chaoyang District, Beijing, 100026, China 电话：010-65890699 传真：010-65176800 电子信箱：bjgrandall@grandall.com.cn 网址：http://www.grandall.com.cn 国浩律师（北京）事务所 法律意见书 法律意见书 国浩京证字[2026]第 0079 号 致：品茗科技股份有限公司 本所接受品茗科技股份有限公司（以下简称"公司"）的委托，指派孟令奇 律师和杜丽平律师出席公司 2026 年第一次临时股东会（以下简称"本次股东 会"），就本次股东会的相关事项进行见证，并出具法律意见书。 本法律意见书根据《中华人民共和国公司法》（以下简称"《公司法》"） 和中国证券监督管理委 ...

证券代码：688109 证券简称：品茗科技 公告编号：2026-003 品茗科技股份有限公司 2026年第一次临时股东会决议公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： （五） 公司董事和董事会秘书的列席情况 1、 公司在任董事7人，以现场结合通讯方式列席6人，独立董事陈龙春先生因个 人原因请假； 2、 董事会秘书出席本次股东会；全体高级管理人员列席本次股东会。 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2026 年 1 月 30 日 （二） 股东会召开的地点：杭州市西湖区西斗门路 3 号天堂软件园 B 幢 C 座 5 楼会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 48 | | --- | --- | | 普通股股东人数 | 48 | | 2、出席会议的股东所持有的表决权数量 | 52,739,785 | | 普通股股东所持有表决权数量 | 52,739,785 ...

证券代码：688109 证券简称：品茗科技 公告编号：2026-004 品茗科技股份有限公司 2025 年年度业绩预告 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、准确性和完整性依法承担法律责任。 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 （1）经品茗科技股份有限公司（以下简称"公司"）财务部门初步测算， 预计 2025 年年度实现归属于母公司所有者的净利润为 4,600.00 万元到 5,000.00 万元，与上年同期相比，将增加 1,452.07 万元至 1,852.07 万元，同 比增长 46.13%至 58.83%。 （2）预计 2025 年年度实现归属于母公司所有者扣除非经常性损益后的净利 润为 3,440.00 万元到 3,840.00 万元，同比增长 63.60%至 82.62%。 （三）本次业绩预告未经注册会计师审计。 2024 年度，公司全年营业收入为 4.47 亿元；归属于母公司所有者的净利润 为 3,147.93 万元；归属于母公司所有者的扣除 ...

南财智讯1月30日电，品茗科技发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为 4600.00万元—5000.00万元，同比预增46.13%—58.83%；预计2025年全年归属于上市公司股东的扣除非 经常性损益的净利润为3440.00万元—3840.00万元，同比预增63.60%—82.62%。公司预计2025年度营业 收入为4.20亿元至4.50亿元，较上年基本持平；预计归属于母公司所有者的净利润为4,600.00万元到 5,000.00万元，较上年实现较大幅度增长；预计经营活动产生的现金流量净额约为9,900.00万元，较上年 亦有所增长。主要原因为2025年，公司继续贯彻"提质增效"、"精兵强将"经营方针，经营质量进一步提 高。 ...

品茗科技公告，预计2025年年度实现归属于母公司所有者的净利润为4600万元到5000万元，与上年同期 相比，将增加1452.07万元至1852.07万元，同比增长46.13%至58.83%。预计2025年年度实现归属于母公 司所有者扣除非经常性损益后的净利润为3440万元到3840万元，同比增长63.60%至82.62%。 ...

Company Overview - Pinming Technology Co., Ltd. is located in Hangzhou, Zhejiang Province, and was established on July 11, 2011. The company went public on March 30, 2021. It focuses on "digital construction" application technologies and products during the construction phase [1] - The company's main business revenue composition includes 57.44% from information software products and 42.56% from smart construction site products [1] Stock Performance - On January 16, the stock price of Pinming Technology increased by 5.63%, reaching 146.95 CNY per share, with a trading volume of 132 million CNY and a turnover rate of 1.17%. The total market capitalization is 11.586 billion CNY [1] Fund Holdings - According to data, the Everbright Prudential Fund has a significant holding in Pinming Technology. The Everbright Prudential Jin Hong Mixed A Fund (011231) held 1,811 shares, accounting for 0.35% of the fund's net value, making it the ninth-largest holding. The estimated floating profit today is approximately 14,200 CNY [2] - The Everbright Prudential Jin Hong Mixed A Fund was established on March 8, 2021, with a latest scale of 27.132 million CNY. Year-to-date returns are 2.08%, ranking 6,292 out of 8,847 in its category; the one-year return is 13.8%, ranking 6,031 out of 8,094; and since inception, the return is 27.62% [2]

Group 1 - The core point of the news is that Pinming Technology's stock price dropped by 5.34% to 140.11 CNY per share, with a total market capitalization of 11.047 billion CNY as of January 15 [1] - Pinming Technology, established on July 11, 2011, and listed on March 30, 2021, focuses on "digital construction" application technologies and products, providing solutions from the construction preparation phase to project completion [1] - The company's main business revenue composition includes 57.44% from information software products and 42.56% from smart construction site products [1] Group 2 - According to data from the top ten holdings of funds, Everbright Pramerica Fund holds shares in Pinming Technology, with the Everbright Pramerica Jin Hong Mixed A Fund (011231) holding 1,811 shares, accounting for 0.35% of the fund's net value [2] - The Everbright Pramerica Jin Hong Mixed A Fund has a total scale of 27.1322 million CNY, with a year-to-date return of 1.81% and a one-year return of 13.29% [2] - The fund manager, Wang Weilin, has been in position for 6 years and 29 days, with the fund's total asset scale at 2.054 billion CNY and a best return of 57.24% during his tenure [3]