Group 1 - The core viewpoint of the article highlights the renewal of the strategic cooperation agreement among Pinggao Co., Ltd., Qingtian Technology, and Suzhou Huaki Intelligent Technology, marking the beginning of a new five-year phase in smart rail transit construction [1][2] - Since the initiation of their collaboration in 2022, the three parties have developed a cloud platform and smart urban rail solutions, which have been showcased at the Huaki Intelligent Smart Transportation Joint Research Laboratory [1] - The joint efforts have led to the development of an integrated software and hardware product in the field of intelligent rail vehicles, achieving international advanced technical standards and receiving accolades such as the Gold Award at the Asia-Pacific Information and Communication Technology Competition in 2022 [1] Group 2 - The three companies have jointly applied for and obtained three patents related to edge cloud technology for rail transit, along with various honors including cloud-native security best practice cases and cloud assessment certification [1] - Future plans include forming a smart alliance in the urban rail industry, enhancing joint development of vehicle-mounted edge cloud technology, and integrating cloud computing, big data, and intelligent computing platforms with existing systems [1] - The collaboration aims to promote pilot projects in smart security, smart customer service, intelligent operations, and smart stations, ultimately creating comprehensive solutions for smart subways and facilitating the full implementation of smart scenarios [1][2]

Group 1 - The core point of the article highlights that Pingao Co., Ltd. (688227) has signed a significant contract worth RMB 396,565,620 for computing resource services, which is expected to enhance the company's profitability and operational performance [2][4] - The contract is set to be effective from August 1, 2025, to July 31, 2030, and involves the rental of computing equipment, usage of computing software platforms, and five years of technical support [2][4] - On May 30, 2025, Pingao Co., Ltd. reported a stock price of 34.5 yuan, a decrease of 8.73%, with a trading volume of 44,500 shares and a turnover of 155 million yuan [1][2] Group 2 - On the same day, the capital flow indicated a net outflow of 12.28 million yuan from main funds, while speculative funds saw a net inflow of 13.75 million yuan [2][4] - The company emphasizes that the contract will not affect its business independence and will not create dependency on the counterparty [2]

Core Viewpoint - The announcement by Pingao Co., Ltd. regarding a service contract with Shenzhen Yuanmai Cloud Computing Technology Co., Ltd. highlights the company's role as a resource integrator and intermediary service provider in the computing power service chain, which poses dual risks to its gross margin due to upstream supply chain stability and its own technical premium capability [2][3][4]. Group 1: Contract Details - Pingao's wholly-owned subsidiary, Guangzhou Weigao Software Technology Co., Ltd., signed a service contract with Shenzhen Yuanmai for a total amount of 397 million yuan (including tax) [2]. - The contract includes the provision of computing power resources, software platform usage, and five years of technical support [2]. Group 2: Business Model and Risks - The business will recognize revenue using the net method, focusing on service premium while excluding equipment leasing costs [3][4]. - The dual pressure on gross margin arises from the upstream computing power rental market's supply-demand dynamics and the pricing constraints from clients and industry competition [4]. Group 3: Financial Performance - Pingao has experienced declining net profits since 2022, with a net profit of 47.11 million yuan in 2022, down 15.31% year-on-year, and a net loss of 10.68 million yuan in 2023, marking the first loss since its listing [6]. - The company's gross margin has decreased from 41.39% in 2022 to 22.95% currently [6]. Group 4: Accounts Receivable and Cash Flow - The accounts receivable balance has increased over the past three years, with a significant portion being overdue, raising concerns about collection risks [7]. - The net cash flow from operating activities has been negative since 2023, indicating ongoing financial strain [7]. Group 5: Counterparty Concerns - Shenzhen Yuanmai, established in February 2024, has a weak capital structure with a registered capital of only 1 million yuan, raising concerns about its ability to fulfill contractual obligations [4][5]. - The largest shareholder of Shenzhen Yuanmai also has limited capital, which may affect the company's risk management and performance [5].

大家早上壕！ 先看海外要闻： 国内重大事件汇总： 1、中办、国办印发《关于健全资源环境要素市场化配置体系的意见》：支持各地区根据污染防治工作需要，有序扩大排污权交易品种和区域范 围；鼓励社会资本通过参与节水灌溉等节水工程建设运营并转让节约水量的用水权获得合理收益。 关税前景不明压制美股反弹，标普等三大美股指收盘齐涨、盘中均一度转跌，收盘道指涨0.28%，标普500指数涨0.4%，纳斯达克涨0.39%。 财报后英伟达涨超3%、百思买跌超7%、C3.ai涨近21%、戴尔盘后拉升、一度涨超5%。中概指数涨超1%、终结七连跌，亚控股收涨7.81%，京东 涨4.31%，小鹏涨3.98%。 特朗普政府拟为关税裁决打到最高院，美债收益率加速下行，美元指数跌幅扩大，期金一度涨近2%、黄金本周内首日上涨。原油盘中转跌，美 油一度跌超2%。 特朗普政府扳回一城：本准备打到最高院，后上诉法院批准请求，叫停阻止关税的裁决，暂时恢复关税政策。 黄仁勋计划出售至多600万股英伟达股票，价值超8亿美元，远超前次售股。 戴尔科技AI服务器订单远超预期，营收展望亮眼。 2、国家新型工业化操作系统鸿道操作系统正式发布。该系统的发布标志着我国在具 ...

Group 1: Company Announcements - Small Commodity City has won the land use rights for 569 million yuan to build the Yiwu Market Hangzhou project, with a total estimated investment of 1.099 billion yuan [2] - Zhongke Star Map has been suspended from participating in military material engineering service procurement activities due to alleged violations, which may impact its operations in the short term [3] - China State Construction has recently secured three major projects totaling 8.23 billion yuan, accounting for 0.4% of its audited revenue for 2024 [6] - Shandong Highway plans to issue company bonds not exceeding 8 billion yuan to optimize its financing structure [8] - Fengmao Co. intends to invest no more than 1.5 billion yuan to establish an auto parts production base in Jiaxing, with an expected annual output value of 1.5 billion yuan after reaching production [10] Group 2: Financial Transactions - Baobian Electric is transferring 90% of its subsidiary's shares for 137 million yuan, which will help optimize resource allocation [4] - Yi Hua Tong plans to terminate its fundraising project for the fuel cell comprehensive testing and evaluation center, which will not adversely affect its R&D and business operations [9] - Yi Wei Communication intends to invest 100 million yuan to establish a wholly-owned subsidiary focused on investment activities and IoT technology services [11] Group 3: Contracts and Agreements - Pinggao Co. has signed a contract worth 397 million yuan for computing power resource services with Shenzhen Yuanmai Cloud Computing Technology Co., Ltd. [1]

Group 1 - Pinggao Co., Ltd. signed a service contract worth 397 million yuan with Shenzhen Yuanmai Cloud Computing Technology Co., Ltd. for providing computing power resources, including equipment rental and software platform usage, with a contract period from August 1, 2025, to July 31, 2030 [1] - Yiwei Communication plans to invest 100 million yuan to establish a wholly-owned subsidiary, Shanghai Yiwei Intelligent Technology Development Co., Ltd., focusing on IoT technology research and AI application software development, aiming to enhance overall competitiveness [2] - Guangyang Co., Ltd. announced the termination of the planned acquisition of 100% equity in Yinqiu Technology, with its stock resuming trading on May 30, 2025, after being suspended since May 19, 2025 [3] Group 2 - ST Pioneer announced the removal of other risk warnings, changing its stock name to Pioneer New Materials, with trading resuming on June 3, 2025, after a one-day suspension [4] - Shuanglin Co., Ltd. plans to raise no more than 1.5 billion yuan through a private placement to fund projects related to rolling ball screws, joint modules, and high-precision CNC grinding machine expansion [5] - China State Construction obtained three major projects with a total value of 8.23 billion yuan [8]

Group 1: Resumption of Trading - Guangyang Co., Ltd. has terminated its plan to acquire 100% equity of Ningbo Yinqiu Technology through the issuance of shares and cash payment, leading to the resumption of its stock trading [1] Group 2: Equity Transfer, Buyback, and Private Placement - Shipu Testing plans to transfer a total of 9.5% of its shares to Zhongyiren Fund at a price of 20 yuan per share [2] - Qingniao Fire Protection has repurchased and canceled 12.2592 million restricted shares [2] - Tigermed has canceled 3.9225 million repurchased shares [3] - Shuanglin Co., Ltd. intends to raise no more than 1.5 billion yuan for projects related to rolling screw and joint module industrialization, high-precision CNC grinding machine expansion, and advanced technology research and application center construction [3] Group 3: External Investment and Daily Operations - Pingao Co., Ltd. has signed a contract for computing power resource services worth 397 million yuan [4] - Yiwei Communication plans to establish a wholly-owned subsidiary with an investment of 100 million yuan, focusing on artificial intelligence application software development [5] - Longjing Environmental Protection intends to acquire 20% equity of Jitai Intelligent for 75.075 million yuan [6] - Tianwei Video Technology has signed a data center service agreement with a client [7] - Fengmao Co., Ltd. plans to invest no more than 1.5 billion yuan to build an auto parts production base in Jiaxing [8] - ST Pioneer will have its stock delisted from other risk warnings starting June 3, 2025, with its stock name changing from "ST Pioneer" to "Pioneer New Materials" [8] - Maiwei Bio has received approval for the marketing of its product, Mai Li Sheng® [8] - Guangbai Co., Ltd. has completed the business registration of its duty-free goods company [9] - Zhuhai Guanyu has been selected by SAIC Volkswagen as a designated supplier for low-pressure lithium batteries [9] - Ningbo Fubang plans to transfer assets related to its aluminum profile business for 26.4579 million yuan [9] - Rongchang Bio has completed the issuance of H-shares [10] - Tebao Bio has received approval for the marketing of its growth hormone injection [10] - Zejing Pharmaceutical has received approval for the marketing of its drug, Hydrochloride Gikaxin [10] - Fengqian Technology has received record approval from the China Securities Regulatory Commission for its overseas H-share issuance [10] - Haida Group plans to distribute at least 30% of its average net profit in cash from 2025 to 2027 [10]

5月29日晚间，沪深两市多家上市公司发布公告，以下是第一财经对一些重要公告的汇总，供投资者参 考。 【品大事】 中科星图：被暂停参加军队物资工程服务采购活动 中科星图公告称，军队采购网于2025年5月28日发布公告，海后采购和资产管理局根据军队供应商管理 相关规定，自2025年5月28日起暂停公司参加全军物资工程服务采购活动资格。暂停事由：公司在参加 项目编号：2024-JH01-F2101采购活动中，涉嫌存在违规失信行为。知悉被暂停采购资格后，公司内部 高度重视，就存在违规处理决定形成原因开展内部核查并积极准备申诉，预计该事项短期内将对公司的 经营产生一定影响。目前公司整体经营情况正常，在暂停日期前已签订的相关合同仍在正常执行。该事 项不属于行政处罚，未触及《上海证券交易所科创板股票上市规则》规定的重大违法强制退市情形。 移为通信：拟1亿元对外投资设立全资子公司 移为通信公告，公司拟使用自有资金1亿元对外投资设立全资子公司上海移为智能科技发展有限公司， 子公司经营范围包括以自有资金从事投资活动、物联网技术服务等。 合兴股份：公司目前未涉及"无人驾驶物流车"相关业务 合兴股份公告称，公司股票连续三个交易日内日 ...

Core Viewpoint - The company has signed a significant service contract with Shenzhen Yuanmai Cloud Computing Technology Co., Ltd., amounting to RMB 396,565,620, which is expected to enhance its ongoing profitability and positively impact its business development and operational performance [1][4]. Group 1: Contract Details - The contract is a daily operational sales contract for the provision of computing power resources, including equipment rental, software platform usage, and five years of technical support [2][3]. - The contract is effective from the date of signing and will last for five years, from August 1, 2025, to July 31, 2030 [1][4]. - The total contract amount is RMB 396,565,620, inclusive of tax [1][2]. Group 2: Counterparty Information - The counterparty, Shenzhen Yuanmai Cloud Computing Technology Co., Ltd., is a limited liability company established on February 2, 2024, with a registered capital of RMB 10 million [2][3]. - The company specializes in integrated circuit sales, information system integration services, and various technology-related services [3]. Group 3: Impact on Company - The successful execution of this contract is anticipated to improve the company's sustainable profitability and positively influence its business growth and operational results [1][4]. - The contract does not create a dependency on the counterparty and will not affect the company's business independence [4].

证券代码：688227 证券简称：品高股份 公告编号：2025-027 广州市品高软件股份有限公司 关于全资子公司签订日常经营重大合同的公告 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： 1、合同双方均具有良好的履约能力，但在合同履行过程中，如遇外部宏观 环境重大变化、国家有关政策调整、客户需求变化以及其他不可预见或不可抗力 等因素，可能存在合同无法如期或全面履行的风险； 2、本次业务将以净额法确认收入，不涉及算力新建或扩建，业务所需算力 资源由公司向上游供应商租赁，再通过公司自身算力软件平台、技术支持服务进 行整合后，向交易对手方提供相关服务； 3、本次交易对手方公司规模中等，公司已积极做好相关风险防范措施，相 关履约风险较小。本合同为一次性合作项目，不构成持续性业务关系。敬请广大 投资者理性投资，注意投资风险。 一、审议程序情况 广州市品高软件股份有限公司（以下简称"公司"）全资子公司广州市微高 软件科技有限公司（以下简称"广州微高"、"乙方"）近日与深圳元脉云算科 技有限公司（以下简称"深圳元脉"、"甲 ...