Core Viewpoint - The military stocks experienced a significant surge, with multiple companies reaching their daily trading limits and notable percentage increases in their stock prices [1] Group 1: Stock Performance - Ruikeda reached a 20% limit up [1] - Guankuang Technology increased by over 13% [1] - Huapengfei rose by over 10% [1] - Zhanpeng Technology and Kain Co. both hit a 10% limit up [1] - Fengxing Co. approached the limit up [1] - Xiling Power, Zhenyou Technology, and Xinguang Optoelectronics all increased by over 8% [1] - Jihua Group rose by over 7% [1] - Guoyi Bidding, Tongyu Heavy Industry, and Shanhe Intelligent increased by over 6% [1] - Great Wall Military Industry, Lingyun Co., Pinggao Co., and Kesi Technology all rose by over 5% [1]

Core Viewpoint - The launch of the "Pinyuan AI Integrated Machine" series by Pingao Co., Ltd. and Jiangyuan Technology marks a significant step in the development of domestic intelligent computing, showcasing innovation in the field and aligning with national strategies for digital economy growth [1][4]. Group 1: Product Launch and Features - The "Pinyuan AI Integrated Machine" series includes three models: PYD10-MIN priced at 24,900 yuan, PYD10-PRO at 330,000 yuan, and PYD10-MAX at 450,000 yuan, with early bird prices for the first 100 units being 16,800 yuan, 238,800 yuan, and 298,800 yuan respectively [3]. - The product features 16 Jiangyuan D10 AI inference cards, achieving a 300% improvement in model inference efficiency through a new GenAI architecture, enabling applications across various sectors such as smart governance, transportation, manufacturing, healthcare, and education [3]. Group 2: Strategic Collaboration - The partnership between Pingao Co., Ltd. and Jiangyuan Technology integrates Pingao's expertise in cloud computing and AI with Jiangyuan's capabilities in domestic computing chips, representing a collaborative effort to drive innovation in the industry [2]. - The collaboration aims to establish industry standards and enhance the national pricing ecosystem, reflecting a commitment to deepening cooperation in the domestic AI sector [2]. Group 3: Industry Context and Implications - The launch aligns with national policies promoting the development of core technologies and the integration of high-end chips and software, positioning the industry at a critical turning point for AI transformation [2]. - The release of the Pinyuan AI Integrated Machine is seen as a milestone in the coordinated development of domestic AI hardware and software, contributing to the growth of China's AI industry [4].

Core Viewpoint - On June 30, a total of 31 listed companies had their restricted shares unlocked, with a total market value of approximately 31.50 billion yuan [1]. Group 1: Unlocking Details - The specific details of the restricted share unlocks include: - Meili Ecology (000010): 239 million shares from A-share issuance to original shareholders - Xingrong Environment (000598): 4.926 million shares from equity incentive lock-up - Yueyang Xinchang (000819): 526,800 shares from equity incentive lock-up - Gaohong Co., Ltd. (000851): 4.944 million shares from equity incentive lock-up - Zhongyan Chemical (600328): 470,460 shares from equity incentive lock-up - Yangnong Chemical (600486): 115,480 shares from equity incentive lock-up - Kangyuan Pharmaceutical (600557): 2.6093 million shares from equity incentive lock-up - Keda Technology (002518): 1.3953 million shares from equity incentive lock-up - Longci Technology (300835): 562,700 shares from equity incentive lock-up - Weiming Environmental Protection (603568): 3.129 million shares from equity incentive lock-up - Dongrui Co., Ltd. (001201): 486,400 shares from A-share issuance to original shareholders - Sanwei Co., Ltd. (603033): 1.183 million shares from equity incentive lock-up - Naer Co., Ltd. (002825): 140,000 shares from equity incentive lock-up - Jinyinhe (300619): 1.6248 million shares from A-share issuance to legal persons - Tianyuan Environmental Protection (301127): 14.6 million shares with extended lock-up period - Youningwei (301166): 40.6188 million shares with extended lock-up period - Xutian Salt Industry (600929): 3.033 million shares from equity incentive lock-up - Keli Sensor (603662): 722,800 shares from equity incentive lock-up - Gongniu Group (603195): 641,200 shares from equity incentive lock-up - Fuyuan Pharmaceutical (601089): 27.5 million shares from pre-issue lock-up - Xinbang Intelligent (301112): 7.4097 million shares from pre-issue lock-up - Shanghai Port Bay (605598): 29,400 shares from equity incentive lock-up - Dingjide (603255): 507,500 shares from equity incentive lock-up - United Precision (001268): 6.154 million shares from pre-issue lock-up - Pinggao Co., Ltd. (688227): 48.9585 million shares - Chunli Medical (688236): 20.9 million shares - Zhongwulian (688297): 40.3 million shares - Lais Information (688631): 163,480 shares - Shichuang Energy (688429): 200,000 shares - Xindong Link (688582): 220,840 shares - Aike Saibo (688719): 100,000 shares [2].

广州市品高软件股份有限公司 章 程 二〇二五年六月 | | | | 第一章 | 总则 3 | | --- | --- | | 第二章 | 经营宗旨和范围 4 | | 第三章 | 股份 5 | | 第一节 | 股份发行 5 | | 第二节 | 股份增减和回购 6 | | 第三节 | 股份转让 7 | | 第四章 | 股东和股东大会 8 | | 第一节 | 股东 8 | | 第二节 | 股东大会的一般规定 13 | | 第三节 | 股东大会的召集 15 | | 第四节 | 股东大会的提案与通知 17 | | 第五节 | 股东大会的召开 19 | | 第六节 | 股东大会的表决和决议 22 | | 第五章 | 董事会 28 | | 第一节 | 董事 28 | | 第二节 | 董事会 33 | | 第六章 | 高级管理人员与公司激励约束机制 42 | | 第一节 | 高级管理人员 42 | | 第二节 | 绩效与履职评价 44 | | 第七章 | 监事会 45 | | 第一节 | 监事 45 | | 第二节 | 监事会 46 | | 第八章 | 财务会计制度、利润分配和审计 48 | | 第一节 | 财务会计制度 4 ...

证券代码：688227 证券简称：品高股份 公告编号：2025-029 4、住所：广州市天河区思成路 45 号 广州市品高软件股份有限公司 关于完成工商变更登记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。 广州市品高软件股份有限公司（以下简称"公司"）分别于 2025 年 4 月 25 日、 5 月 21 日召开了第四届董事会第二次会议和 2024 年年度股东大会，分别审议通 过了《关于修订<公司章程>并办理工商变更的议案》，具体内容详见公司分别 于 2025 年 4 月 28 日、5 月 22 日在上海证券交易所网站（www.sse.com.cn）的上 披露的《关于修订<公司章程>并办理工商变更的公告》（公告编号：2025-022） 和《2024 年年度股东大会决议公告》（公告编号：2025-025）。 一、工商变更登记情况 近日，公司已完成工商变更登记、公司章程备案手续，并取得了广州市市场 监督管理局换发的《营业执照》，换发后的《营业执照》登记信息如下： 5、法定代表人：黄海 1、统一社会信用代码： ...

Core Viewpoint - The financial performance of Guangzhou Pinggao Software Co., Ltd. shows a decline in revenue and net profit for the year 2024, with significant challenges in maintaining profitability across its business segments [1][2]. Financial Performance - In 2024, the company achieved operating revenue of 520 million yuan, a year-on-year decrease of 4.81% [1]. - The net profit attributable to the parent company was -64.06 million yuan, a year-on-year decrease of 499.74% [1]. - The net profit after deducting non-recurring gains and losses was -71.88 million yuan, a year-on-year decrease of 218.09% [1]. - The company's gross profit margin has declined over the past three years, with rates of 41.39%, 38.46%, and 35.35% respectively [1]. Business Segment Analysis - **Cloud Computing Business**: - Revenue was 414.63 million yuan, accounting for 79.74% of total revenue, with a slight decrease of 0.27% year-on-year [3]. - The gross profit margin decreased by 6.33 percentage points to 35.36% [3]. - **Cloud Product Sales**: - Revenue was 48.01 million yuan, a year-on-year increase of 2.93%, but the gross profit margin decreased by 16.65 percentage points to 44.12% [3]. - **Cloud Solutions**: - Revenue was 263.75 million yuan, a year-on-year increase of 1.81%, with a gross profit margin of 26.19%, down by 7.07 percentage points [3]. - **Cloud Leasing**: - Revenue was 102.88 million yuan, a year-on-year decrease of 6.51%, but the gross profit margin increased by 1.33 percentage points to 54.76% [3]. - **Industry Informationization**: - Revenue was 105.37 million yuan, a year-on-year decrease of 19.27%, with a gross profit margin of 35.31%, up by 8.29 percentage points [3]. Accounts Receivable - As of the end of 2024, the company's accounts receivable amounted to 619 million yuan, an increase of 17.72% year-on-year, representing 119.11% of operating revenue, up by 22.79 percentage points [14][19]. - The aging of accounts receivable has increased significantly, with over one year of aging accounting for 49.73 million yuan, an increase of 67.36% year-on-year [14][20]. - The top five customers accounted for 42.77% of the total accounts receivable, indicating a high concentration [14][18].

Core Viewpoint - The company received an inquiry letter from the Shanghai Stock Exchange regarding its 2024 annual report, highlighting significant declines in revenue and profit margins, prompting a detailed analysis of its financial performance and operational challenges [1][14]. Financial Performance - The company reported a revenue of 520 million yuan in 2024, a decrease of 71.88 million yuan or 218.09% year-on-year [1]. - The net profit attributable to shareholders over the past three years was 47.11 million yuan, -10.68 million yuan, and -64.06 million yuan respectively, indicating a downward trend [1]. - The gross profit margin for the company has been declining, with the latest figures showing a gross margin of 35.35%, down 2.83 percentage points from the previous year [2][10]. Revenue Breakdown by Business Segment - **Cloud Computing Business**: - Revenue was 414.63 million yuan, accounting for 79.74% of total revenue, with a gross margin of 35.36%, down 6.33 percentage points [3][5]. - The sales of cloud products generated 48.01 million yuan, with a gross margin of 44.12%, a decrease of 16.65 percentage points [4][5]. - **Cloud Solutions**: - Revenue reached 263.75 million yuan, representing 50.72% of total revenue, with a gross margin of 26.19%, down 7.07 percentage points [3][6]. - **Cloud Leasing**: - Revenue was 102.88 million yuan, accounting for 19.78% of total revenue, with a gross margin of 54.76%, an increase of 1.33 percentage points [3][7]. - **Industry Informationization**: - Revenue was 105.37 million yuan, representing 20.26% of total revenue, with a gross margin of 35.31%, an increase of 8.29 percentage points [3][7]. Reasons for Margin Decline - The decline in gross margins is attributed to increased competition leading to lower product prices and rising costs associated with customized development for clients [5][11]. - The cloud solutions segment faced higher costs due to a greater proportion of low-margin system integration projects and increased procurement costs for third-party services [6][11]. - The company has adopted a flexible pricing strategy in response to market conditions, which has contributed to the observed margin decline [9][11]. Accounts Receivable Situation - As of the end of 2024, accounts receivable amounted to 619.36 million yuan, a 17.72% increase year-on-year, representing 119.11% of total revenue [14][18]. - The aging of accounts receivable has increased, with over 1 year of aging accounting for 497.73 million yuan, a 42.77% increase [14][20]. - The majority of accounts receivable are from large state-owned enterprises, which have a relatively stable payment capacity despite longer payment cycles due to government funding delays [17][19].

关于广州市品高软件股份有限公司 2024 年 年 度 报 告 的 信 息 披 露 监 管 问询函的回复 天 职 业 字 [2025]32339-1 号 目 录 关 于 广 州 市 品 高 软 件 股 份 有 限 公 司 2024 年 年 度 报 告 的 信 息 披 露 监 管 问 询 函 的 回 复 -- -1 关于广州市品高软件股份有限公司 2024 年年度报告的信息披露监管问询函的回复 天职业字[2025]32339-1 号 上海证券交易所: 贵所出具的《关于广州市品高软件股份有限公司 2024 年年度报告的信息披 露监管问询函》（上证科创公函《2025】0238 号）已收悉。天职国际会计师事 务所(特殊普通合伙)(以下简称"我们"或"年审会计师")作为广州市品高 软件股份有限公司(以下简称"公司"或"品高股份")的年审会计师,对问询 函所涉及年审会计师的相关问题,逐条回复如下: 如无特别说明,本问询函回复中使用的简称与公司《2024年年度报告》中 的释义一致。 本回复所引用的财务数据和财务指标,如无特殊说明,均为合并报表口径的 财务数据和根据该类财务数据计算的财务指标。 在本问询函回复中,若合计数与各分 ...

民生证券股份有限公司 关于广州市品高软件股份有限公司 2024年年度报告的信息披露监管问询函回复的核查意见 上海证券交易所： 根据贵所《关于广州市品高软件股份有限公司2024年年度报告的信息披露监 管问询函》（证科创公函【2025】0238号）（以下简称"年报问询函"）的要求， 民生证券股份有限公司（以下简称"持续督导机构"）作为广州市品高软件股份 有限公司（以下简称"品高股份"或"公司"）首次公开发行股票并在科创板上 市的保荐机构，会同公司及相关中介机构，就年报问询函提及的事项逐项进行了 认真讨论、核查与落实，出具本核查意见。 除另有说明外，本核查意见中的简称或名词的释义与《广州市品高软件股份 有限公司2024年年度报告》（以下简称"2024年报"）中的含义相同。 本核查意见中可能存在个别数据加总后与相关汇总数据存在尾差，均系数据 计算时四舍五入造成。 1 | 问题一 | 关于经营业绩 | 3 | | --- | --- | --- | | 问题二 | 关于应收账款 | 9 | | 问题三 | 关于存货 | 19 | | 问题四 | 关于其他应收款 23 | | | 问题五 | 关于商誉 | 26 | | ...

证券代码：688227 证券简称：品高股份 公告编号：2025-028 广州市品高软件股份有限公司 关于 2024 年年度报告的信息披露监管问询函 的回复公告 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。 广州市品高软件股份有限公司（以下简称"公司"或"品高股份"）于近日 收到上海证券交易所科创板公司管理部下发的《关于广州市品高软件股份有限公 司 2024 年年度报告的信息披露监管问询函》（上证科创公函【2025】0238 号，以 下简称"问询函"）。公司对此高度重视，会同民生证券股份有限公司（以下简 称"持续督导机构"）、天职国际计师事务所（特殊普通合伙）（以下简称"年 审会计师"）针对问询函所提及的有关事项进行了认真核查，现就相关问题回复 如下：本回复中可能存在个别数据加总后与相关汇总数据存在尾差，均系数据计 算时四舍五入造成。如无特别说明，本回复中使用的简称或名词释义与《广州市 品高软件股份有限公司 2024 年年度报告》（以下简称"2024 年年报"）一致。 问题一： 关于经营业绩。年报显示，公司 2024 年实现 ...