Core Viewpoint - The stock price of Pinming Technology experienced an abnormal fluctuation, with a cumulative increase of over 30% on September 25 and 26, 2025, indicating significant market activity [1] Group 1: Stock Transfer Agreement - On September 24, the controlling shareholder and other transferors signed a share transfer agreement to transfer 12,552,212 shares, representing 15.9206% of the total shares, without affecting the control rights [1] - The transferee has committed not to seek control for 36 months and not to reduce holdings for 18 months, while the transferors have committed not to reduce holdings for 12 months [1] - The transfer is subject to confirmation by the exchange and the timing of the approval is uncertain [1] Group 2: Company Performance and Market Conditions - The company’s production and operations are normal, with no undisclosed significant matters [1] - The company's price-to-earnings ratio is higher than the industry average, indicating potential overvaluation [1] - The stock price has shown significant short-term volatility, prompting a reminder for investors to be cautious [1]

本次协议转让不会导致公司控股股东、实际控制人发生变更，不触及要约收购，不会对公司治理结 构及持续经营产生重大影响。本次协议转让完成后，通智清研将持有公司股份12,552,212股，占上市公 司股份总数的15.9206%，成为公司持股5%以上股东。受让方承诺在本次股份协议转让过户完成之日起 36个月内不谋求上市公司控制权。 本次协议转让股份过户登记手续完成后，各方将严格遵守《上市公司股东减持股份管理暂行办法》 等关于股东减持限制、信息披露、减持额度的规定。同时，受让方承诺在本次股份协议转让过户完成之 日起18个月内不减持其所受让的股份；受让方的全体合伙人承诺在本次股份协议转让过户完成之日起12 个月内不转让其所持有的受让方合伙份额；公司控股股东、实际控制人莫绪军承诺在本次股份协议转让 过户完成之日起12个月内不减持上市公司股份。 本次协议转让尚需取得上海证券交易所的合规性确认并在中国证券登记结算有限责任公司上海分公 司办理股份过户登记手续，相关审批程序能否通过及通过时间尚存在一定不确定性。本次股份协议转让 能否最终完成尚存在不确定性，公司将根据后续进展情况及时履行信息披露义务。 中国经济网北京9月26日讯 品茗 ...

Core Viewpoint - The planned change of control for Pinming Technology has shifted to a partial equity transfer, resulting in a significant stock price increase. Group 1: Stock Performance - On September 25, Pinming Technology opened at a limit-up price of 58.9 yuan per share, briefly opening before being locked at a 20% increase [2] - The stock price surge is linked to the company's equity changes following the announcement of a major matter that could lead to a change in control [2][3] Group 2: Equity Transfer Details - On September 24, Pinming Technology announced the termination of the control change plan and instead disclosed a partial equity transfer agreement [2] - The agreement involves the transfer of 12.5522 million shares, representing 15.92% of the total shares, from the controlling shareholders to Tongzhi Qingyan [2][3] - The transfer price is set at 39.504 yuan per share, reflecting a discount of approximately 20% from the closing price of 49.38 yuan per share on September 17, with a total transaction value of about 496 million yuan [3] Group 3: New Shareholder Background - Following the transfer, Tongzhi Qingyan will become the second-largest shareholder of Pinming Technology, holding 15.92% of the shares [3] - Tongzhi Qingyan is backed by a prominent research institution, which raises market expectations for potential future benefits for Pinming Technology [4] - The actual controller of Tongzhi Qingyan is linked to a non-profit research institution supported by the Beijing government and top universities, indicating a strong potential for resource acquisition [4]

（文章来源：证券时报网） 品茗科技股价创出历史新高，截至9:40，该股上涨20.00%，股价报70.68元，成交量78.02万股，成交金 额5514.80万元，换手率0.99%，该股最新A股总市值达55.73亿元，该股A股流通市值55.73亿元。 证券时报·数据宝统计显示，品茗科技所属的计算机行业，目前整体跌幅为0.85%，行业内，目前股价上 涨的有89只，涨幅居前的有品茗科技、ST易联众、四方精创等，涨幅分别为20.00%、7.68%、6.31%。 股价下跌的有262只，跌幅居前的有慧辰股份、合合信息、初灵信息等，跌幅分别为6.65%、6.31%、 5.55%。 两融数据显示，该股最新（9月25日）两融余额为8131.31万元，其中，融资余额为8131.31万元，近10日 增加609.20万元，环比增长8.10%。 公司发布的半年报数据显示，上半年公司共实现营业收入1.87亿元，同比增长1.25%，实现净利润 3123.34万元，同比增长270.11%，基本每股收益为0.4000元，加权平均净资产收益率3.90%。（数据 宝） 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 ...

Core Viewpoint - The ownership change plan of Pinming Technology (688109.SH) has been reversed, with the company terminating the control change due to disagreements between the actual controller and the transaction party. Instead, a share transfer agreement was signed with Tongzhi Qingyan, which will become the second-largest shareholder with a 15.9206% stake for a total price of 495 million yuan [2][4]. Group 1: Ownership Change and Market Reaction - The share transfer agreement involves the actual controller and four other shareholders transferring a total of 15.9206% of shares at a price of 39.504 yuan per share, approximately 20% lower than the closing price before the suspension [4][5]. - Despite the termination of the ownership change plan, the market reacted positively, with Pinming Technology's stock hitting the daily limit after resuming trading [2][4]. Group 2: Financial Performance and Future Prospects - Pinming Technology has shown a significant turnaround in performance, with a 270% increase in net profit in the first half of the year, despite a weak real estate market affecting revenue growth [4][6]. - The company has participated in major projects like the Yajiang Hydropower Station and is actively looking for merger and acquisition opportunities, indicating potential for future growth [4][6]. Group 3: Strategic Investment and Terms - Tongzhi Qingyan, as a strategic investor, has committed to not seeking control of the company for three years, despite holding a stake close to that of the actual controller [2][7]. - The performance commitment set by Tongzhi Qingyan is notably low, only requiring positive net profit over the next three years, which is considered easily achievable given the company's recent performance [3][7]. Group 4: Background of Tongzhi Qingyan - Tongzhi Qingyan is backed by the Beijing General Artificial Intelligence Research Institute, which is a non-profit research institution supported by the Beijing municipal government, focusing on strategic and foundational technological innovations in the field of general artificial intelligence [8][10]. - The institute has established collaborations with prestigious universities and has a strong research focus, indicating a potential for future synergies with Pinming Technology [8][10].

证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交2.12亿元， 其中，买入成交额为1.32亿 元，卖出成交额为7971.05万元，合计净买入5249.16万元。具体来看，今日上榜营业部中，第一大买入 营业部为广发证券股份有限公司杭州向往街证券营业部，买入金额为9068.36万元，其次是光大证券股 份有限公司南京中山路证券营业部，买入金额1215.78万元。卖出营业部中，有2家机构专用席位现身， 即卖一、卖五，卖出金额分别为3328.71万元、940.01万元，营业部合计卖出3702.32万元。买卖金额相 抵，机构专用席位今日净卖出该股4268.72万元。 9月25日品茗科技（688109）收盘价58.90元，收盘涨停，全天换手率6.87%，振幅14.17%，成交额3.13 亿元。科创板交易公开信息显示，当日该股因日收盘价涨幅达15%等上榜。 品茗科技9月25日龙虎榜 （文章来源：证券时报网） 资金流向方面，该股今日全天主力资金净流入3526.01万元。（数据宝） | 买入营业部名称 | 买入金额(万元) | | --- | --- | | 广发证券股份有限公司杭州向往街证券营业部 | 9068.36 ...

Group 1: Strong Stocks - As of September 25, the Shanghai Composite Index fell by 0.01% to 3853.3 points, while the Shenzhen Component Index rose by 0.67% to 13445.9 points, and the ChiNext Index increased by 1.58% to 3235.76 points [1] - A total of 52 stocks in the A-share market hit the daily limit up, with the top three strong stocks being: Bluefeng Biochemical (002513), Zhongdian Xindong (002298), and Shangwei New Materials (688585) [1] - The detailed data for the top 10 strong stocks includes metrics such as consecutive limit up days, turnover rates, trading volumes, and net buying amounts from the Dragon and Tiger list [1] Group 2: Strong Concept Sectors - The top three concept sectors with the highest gains are: China AI 50, Controlled Nuclear Fusion, and Kuaishou Concept, with respective increases of 2.36%, 1.39%, and 1.36% [2] - The detailed data for the top 10 concept sectors includes metrics such as percentage change, proportion of constituent stocks, and the ratios of rising and falling constituent stocks [2]

今日可交易A股中，股价上涨的有1477只，占比27.22%，下跌的有3877只，占比71.45%，其中，涨停的 有52只，跌停的有9只。 沪指今日下跌0.01%，64股收盘价创历史新高。 今日收盘价创历史新高股一览 | 代码 | 简称 | 收盘价（元） | 日涨跌幅（%） | 所属行业 | | --- | --- | --- | --- | --- | | 688109 | 品茗科技 | 58.90 | 20.01 | 计算机 | | 688585 | 上纬新材 | 132.10 | 20.00 | 基础化工 | | 872925 | 锦好医疗 | 37.08 | 19.04 | 医药生物 | | 301326 | 捷邦科技 | 134.50 | 15.95 | 电子 | | 603312 | 西典新能 | 50.67 | 10.01 | 电力设备 | | 603040 | 新坐标 | 85.22 | 10.00 | 汽车 | | 603286 | 日盈电子 | 46.42 | 10.00 | 汽车 | | 603083 | 剑桥科技 | 124.87 | 10.00 | 通信 | | 000988 | 华工 ...

Market Overview - On September 25, the software development sector rose by 1.2%, led by Pinming Technology, while the Shanghai Composite Index closed at 3853.3, down 0.01% [1] - The Shenzhen Component Index closed at 13445.9, up 0.67% [1] Top Performers - Pinming Technology (6018889) closed at 58.90, with a significant increase of 20.01% and a trading volume of 54,100 shares, amounting to a transaction value of 313 million yuan [1] - Other notable gainers include: - Zhongdian Xilong (002298) at 13.79, up 9.97% [1] - Youkeshu (300209) at 6.44, up 9.90% [1] - Hehe Information (688615) at 171.85, up 8.63% [1] - Jiafa Education (300559) at 16.93, up 8.11% [1] Underperformers - ST Dongtong (300379) closed at 2.45, down 9.26% with a trading volume of 1,380,100 shares [2] - Other notable decliners include: - Gaoweida (300465) at 23.87, down 7.41% [2] - Lais Information (688631) at 91.98, down 5.29% [2] Capital Flow - The software development sector experienced a net outflow of 183 million yuan from institutional investors and 450 million yuan from speculative funds, while retail investors saw a net inflow of 633 million yuan [2][3] - Key stocks with significant capital flow include: - Youke Network (600588) with a net inflow of 9.87 million yuan from institutional investors [3] - Dingjie Smart (300378) with a net inflow of 207 million yuan [3] - Tuolsi (300229) with a net inflow of 149 million yuan [3]

南方财经9月25日电，品茗科技（688109.SH）2025年9月25日发布公告，宣布终止筹划控制权变更事项 并实现复牌。公司股票自2025年9月18日起停牌，原因为筹划可能导致控制权变更的重大事项。停牌期 间，控股股东、实际控制人与交易对方进行了深入协商，但最终未就控制权变更达成一致。经审慎决 策，为维护公司及全体股东利益，公司决定终止此次筹划，相关各方均不承担违约责任。 同日，品茗科技披露了关于控股股东、实际控制人及部分股东协议转让股份的提示性公告。转让方莫绪 军、李军、陶李义、李继刚及新余灵顺灵创业投资合伙企业（有限合伙）与受让方通智清研（北京）科 技产业发展合伙企业（有限合伙）签署了股份转让协议，转让其持有的无限售流通股12,552,212股，占 总股本的15.9206%，转让价格为39.504元/股，总价款约为4.96亿元。业绩承诺方莫绪军、李军、陶李义 及李继刚承诺公司2025年至2027年度经审计的归母净利润均为正，不足部分将现金补偿，现有业务亏损 计入考核，新增业务亏损除外。此外，转让方承诺在交割后配合完成受让方向上市公司推荐2名非独立 董事及1名独立董事的选举程序。 值得注意的是，受让方通智 ...