Core Viewpoint - Huawei's HarmonyOS concept has experienced a volatile rebound, with several related companies seeing significant stock price increases [1] Group 1: Stock Performance - Companies such as Borui Data, Geer Software, Rongji Software, and 360 Technology have reached their daily price limit increase [1] - Other companies including Dongfang Guoxin, Dahua Intelligent, Zhaori Technology, Softcom Power, Wantong Technology, and Tuwei Information also experienced stock price increases [1]

Market Overview - As of 10:30 AM today, the Shanghai Composite Index stands at 4004.76 points, above the six-month moving average, with a change of -0.34% [1] - The total trading volume of A-shares today is 9250.17 billion yuan [1] Stocks Breaking the Six-Month Moving Average - A total of 92 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Visionox (维信诺) with a deviation rate of 9.39% and a price increase of 9.98% [1] - Magv Technology (磁谷科技) with a deviation rate of 8.21% and a price increase of 11.26% [1] - Tongxiang Technology (同享科技) with a deviation rate of 7.15% and a price increase of 8.45% [1] Detailed Stock Performance - The following table summarizes the performance of selected stocks that have recently crossed the six-month moving average: | Stock Code | Stock Name | Price Change (%) | Turnover Rate (%) | Six-Month Average (yuan) | Latest Price (yuan) | Deviation Rate (%) | | --- | --- | --- | --- | --- | --- | --- | | 002387 | Visionox | 9.98 | 0.49 | 9.37 | 10.25 | 9.39 | | 688448 | Magv Technology | 11.26 | 14.44 | 38.45 | 41.61 | 8.21 | | 920167 | Tongxiang Technology | 8.45 | 11.64 | 20.11 | 21.55 | 7.15 | | 301611 | Kema Technology | 6.36 | 8.74 | 54.58 | 57.82 | 5.94 | | 300403 | Hanyu Group | 7.75 | 15.48 | 15.22 | 15.85 | 4.11 | | 300937 | Yiyigou | 3.88 | 5.21 | 28.45 | 29.45 | 3.52 | | 002200 | *ST Jiaotou | 3.94 | 1.63 | 7.65 | 7.92 | 3.49 | | 300198 | ST Nachuan | 4.62 | 2.60 | 2.41 | 2.49 | 3.28 | | 605086 | Longgao Shares | 3.48 | 2.65 | 26.19 | 27.03 | 3.21 | | 300152 | ST Xindongli | 5.18 | 4.30 | 2.56 | 2.64 | 2.99 | | 603106 | Hengyin Technology | 3.10 | 2.60 | 10.35 | 10.63 | 2.71 | | 002085 | Wanfeng Aowei | 3.18 | 2.36 | 16.77 | 17.21 | 2.65 | | 301636 | Zerun New Energy | 4.56 | 15.07 | 55.76 | 57.09 | 2.38 | | 300020 | ST Yinjian | 2.34 | 1.42 | 3.86 | 3.94 | 2.01 | | 300880 | Jianan Intelligent | 6.76 | 5.37 | 20.13 | 20.52 | 1.95 | | 300461 | Tianzhong Precision | 1.79 | 1.13 | 20.12 | 20.47 | 1.72 | | 000711 | ST Jinglan | 1.69 | 1.23 | 1.77 | 1.80 | 1.64 | | 920029 | Kaifa Technology | 3.44 | 3.90 | 95.65 | 97.15 | 1.57 | | 300345 | Huamin Shares | 3.42 | 8.29 | 7.74 | 7.86 | 1.56 | | 300523 | Chanan Technology | 3.00 | 0.77 | 22.96 | 23.31 | 1.52 | | 002721 | Jinyi Culture | 5.80 | 4.48 | 3.60 | 3.65 | 1.50 | | 600538 | Guofa Shares | 1.87 | 2.86 | 5.89 | 5.98 | 1.46 | | 001696 | Zongshen Power | 4.37 | 4.88 | 23.56 | 23.89 | 1.41 | | 600800 | Bohai Chemical | 1.72 | 0.80 | 4.09 | 4.15 | 1.35 | | 301209 | United Chemical | 3.74 | 1.59 | 94.06 | 95.23 | 1.25 | | 300218 | Anli Shares | 1.47 | 2.26 | 17.73 | 17.94 | 1.19 | | 002457 | Qinglong Pipe | 1.27 | 3.00 | 11.86 | 12.00 | 1.15 | | 603366 | Rising East | 1.93 | 2.03 | 9.93 | 10.04 | 1.15 | | 001914 | China Merchants Jiyu | 1.95 | 0.52 | 11.91 | 12.04 | 1.12 | | 688628 | Youlide | 1.34 | 0.33 | 34.41 | 34.79 | 1.10 | [1][2]

Core Viewpoint - The announcement details the shareholding changes of major shareholders and the results of their share reduction plans, specifically focusing on Meng Xidong and his associated entity Yuanheng Lihui, which have reduced their holdings in Beijing Borui Hongyuan Data Technology Co., Ltd. Shareholder and Director Holdings - Before the reduction plan, Meng Xidong directly held 4,706,610 shares, accounting for 10.60% of the total share capital of the company. Yuanheng Lihui held 1,650,000 shares, representing 3.72% of the total share capital. Together, they held 6,356,610 shares, which is 14.32% of the total share capital [2]. Reduction Plan Implementation Results - On September 13, 2025, the company disclosed a reduction plan where Yuanheng Lihui intended to reduce its holdings by up to 320,000 shares (0.72% of total share capital) and Meng Xidong planned to reduce his holdings by up to 1,000,000 shares (2.25% of total share capital) [4]. - As of October 17, 2025, Yuanheng Lihui successfully reduced its holdings by 320,000 shares, leaving it with 1,330,000 shares (3.00% of total share capital) [4]. Recent Share Reduction Details - On November 7, 2025, Meng Xidong reduced his holdings by 880,000 shares (1.98% of total share capital) through block trading, and previously reduced 120,000 shares (0.27% of total share capital) through centralized bidding, totaling 1,000,000 shares (2.25% of total share capital) [5][6]. - After these reductions, Meng Xidong's holdings decreased to 3,706,610 shares, representing 8.35% of the total share capital [5]. Equity Change Overview - Following the recent reductions, Meng Xidong and his associated entity's total holdings decreased from 5,916,610 shares to 5,036,610 shares, with their ownership percentage dropping from 13.33% to 11.34%, thus triggering a 1% threshold change [6][11]. Additional Notes - The reductions were part of a disclosed share reduction plan and did not affect the control of the company or its governance structure [12].

Core Viewpoint - A significant block trade occurred for Beijing Borui Data Technology Co., Ltd. on November 7, with a transaction volume of 880,000 shares at a price of 47.84 yuan, representing an 18.01% discount compared to the closing price of 58.35 yuan on the same day [2] Group 1: Block Trade Details - The block trade involved a total volume of 880,000 shares and a transaction amount of 42.0992 million yuan [2] - The buying brokerage was Hu Long Securities Co., Ltd., Shanghai Daduhe Road Securities Branch, while the selling brokerage was Industrial Securities Co., Ltd., Shanghai Jinling East Road Securities Branch [2] - The transaction price of 47.84 yuan was significantly lower than the closing price, indicating a notable discount [2] Group 2: Stock Performance - On the day of the block trade, Borui Data's stock closed at 58.35 yuan, reflecting a 1.23% increase with a turnover rate of 5.15% and a total trading volume of 138 million yuan [2] - The net inflow of main funds for the day was 18.6311 million yuan, while the stock experienced a cumulative decline of 1.34% over the past five days, with a total net inflow of 24.3386 million yuan [2] Group 3: Margin Trading Data - The latest margin financing balance for Borui Data was 93.8084 million yuan, showing a decrease of 1.3728 million yuan over the past five days, which is a decline of 1.44% [2] Group 4: Company Background - Beijing Borui Data Technology Co., Ltd. was established on February 29, 2008, with a registered capital of 44.4 million yuan [2]

Core Insights - The stock of Borui Data increased by 1.23% on November 7, closing at 58.35 yuan, with a significant block trade involving 880,000 shares and a total transaction value of 42.0992 million yuan [1] Trading Activity - A block trade occurred at a price of 47.84 yuan for 880,000 shares, resulting in a transaction value of 42.0992 million yuan, with a premium rate of -18.01% [1] - The buyer was Hu Long Securities Co., Ltd., and the seller was Industrial Securities Co., Ltd. [1] - Over the past three months, the stock has seen one block trade with a total transaction value of 42.0992 million yuan [1] Stock Performance - In the last five trading days, the stock has declined by 1.34%, while the net inflow of main funds totaled 26.6367 million yuan [1]

Core Points - The company, 博睿数据 (688229.SH), announced that Mr. 孟曦东 has reduced his shareholding in the company through block trading and centralized bidding [1] - Mr. 孟曦东 sold a total of 1 million shares, representing 2.25% of the company's total share capital, and now holds 3.7066 million shares, which is 8.35% of the total [1] - The reduction in shareholding was completed on November 7, 2025, with a specific decrease of 880,000 shares through block trading and 120,000 shares through centralized bidding [1] Summary by Category Shareholding Changes - Mr. 孟曦东 reduced his shareholding by 1.98% through block trading and 0.27% through centralized bidding, totaling 2.25% [1] - Post-reduction, Mr. 孟曦东 and his concerted parties hold 5.0366 million shares, down from 5.9166 million shares, decreasing their ownership percentage from 13.33% to 11.34% [1] Transaction Details - The share reduction was executed via two methods: 880,000 shares through block trading and 120,000 shares through centralized bidding [1] - The completion of the share reduction plan was confirmed on the same day as the announcement [1]

证券代码：688229 证券简称：博睿数据 公告编号：2025-042 北京博睿宏远数据科技股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度暨减 持股份结果公告 本公司董事会、全体董事及相关股东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。 重要内容提示： 大股东及董事持有的基本情况 本次减持计划实施前，北京博睿宏远数据科技股份有限公司（以下简称"公 司"）持股 5%以上股东、董事、副总经理、董事会秘书、核心技术人员孟曦东先 生直接持有公司股份 4,706,610 股，占公司总股本的 10.60%。 上海元亨利汇咨询管理中心（有限合伙）（以下简称"元亨利汇"）为孟曦东 先生的一致行动人。本次减持计划实施前，元亨利汇持有公司股份 1,650,000 股，占公司总股本的比例为 3.72%，孟曦东先生与其一致行动人合计持有公司股 份 6,356,610 股，占公司总股本的比例为 14.32%。 上述股份均为无限售流通股且来源于公司首次公开发行前取得的股份。 减持计划的实施结果情况 2025 年 9 月 13 日，公司在上海证券交易所网站（ ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 20% compared to the benchmark index within the next six months [8][14]. Core Insights - The company is actively pursuing cost reduction and efficiency improvement strategies, with a global launch of the new product Bonree ONE Autumn Edition focused on AI integration and enhanced observability capabilities [5][6]. - For the first three quarters of 2025, the company reported revenue of 101 million yuan, a year-on-year decrease of 3.92%, while total profit reached -42 million yuan, an increase of 34.34% year-on-year [5][6]. - The company experienced a significant decline in revenue in Q3 2025, with a 19.75% drop compared to the same period last year, primarily due to certain contracts not meeting revenue recognition criteria [5][6]. Financial Performance Summary - The company’s revenue projections for 2025-2027 are estimated at 173 million, 235 million, and 302 million yuan, reflecting year-on-year growth rates of 22.78%, 36.11%, and 28.54% respectively [8][10]. - The forecasted net profit for the same period is expected to be -30.21 million, 15.72 million, and 62.05 million yuan, with significant year-on-year growth rates of 73.77%, 152.02%, and 294.79% respectively [8][10]. - The company’s earnings per share (EPS) is projected to improve from -0.68 yuan in 2025 to 1.40 yuan in 2027 [10][11].

Group 1 - The corporate service industry is facing significant challenges, with many companies struggling to survive in a tough economic environment [2] - A leading operations company, BoRui Data, resorted to "executives using personal funds to subsidize clients" to secure a major client with a workforce of over 10,000 [3][4] - BoRui Data won a project originally budgeted at 5 million, but they reduced their bid to approximately 2.4 million to win the contract [4] Group 2 - Anthropic's announcement to prohibit Chinese capital-controlled enterprises from using its AI services poses a risk to AWS's business in China, which generates nearly 600 million annually [6][7] - Despite the restrictions, AWS's business in China experienced explosive growth of about 1600% in the past year, with current monthly revenues stabilizing around 40 to 50 million [6] - The new ban is seen as more damaging than previous restrictions due to its stringent review standards, potentially leading to a "supply cut" risk for AWS in China [7] Group 3 - YuZhou Cloud has implemented strict KPIs, with detailed percentage requirements for various business segments, making AI performance a critical factor [8][9] - The sales team at YuZhou Cloud faces challenges as their AI business performance is now strictly evaluated, with a "one-vote veto" rule in place for AI token usage [9] Group 4 - Microsoft Cloud's ecosystem in China is undergoing positive changes, with a restructuring of its agent system to improve efficiency and collaboration [10][11] - The integration of local and Asia-Pacific teams aims to reduce internal competition and enhance cooperation among partners [10] Group 5 - A major cloud provider in Southern China is experiencing difficulties in its observability and logging services due to departmental competition and lack of integration [12][13] - The separation of observability and logging services leads to a fragmented customer experience, complicating the delivery of a comprehensive monitoring platform [12] Group 6 - SHEIN has signed a significant renewal contract worth 1.5 billion with AWS, while its contracts with Google Cloud and Microsoft Cloud are at different stages [15][16][17] - The renewal with AWS is a five-year deal totaling 1.5 billion, while the contract with Google Cloud is not set to expire until the end of next year [17] Group 7 - A leading internet cloud provider is facing challenges with its large model products, which are not yet mature and have slow development cycles, leading to low sales enthusiasm [18] - The management has not enforced the inclusion of large model product revenues in sales KPIs, recognizing the products' current limitations [18] Group 8 - The former head of AWS China West, Cai Tao, has joined Microsoft Cloud, taking over the Digital Native division, which serves key internet and gaming clients [19][20] - Cai Tao faces immediate challenges, including the reassignment of significant clients, necessitating a focus on acquiring new customers and retaining existing ones [20]

证券代码：688229 证券简称：博睿数据 公告编号：2025-041 北京博睿宏远数据科技股份有限公司 关于持股 5%以上股东及其一致行动人权益变动 触及 1%刻度的提示性公告 本公司董事会、全体董事及相关股东保证向本公司提供的信息真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 冯云彪先生本次权益变动情况 | 权益变动方向 | 比例增加□ | | 比例减少☑ | | --- | --- | --- | --- | | 权益变动前合计比例 | 11.41% | | | | 权益变动后合计比例 | 10.57% | | | | 本次变动是否违反已作出的承 诺、意向、计划 | 是□ | 否☑ | | | 是否触发强制要约收购义务 | 是□ | 否☑ | | 注：本公告中所有比例数据如有差异，系按照四舍五入保留两位小数所致。 孟曦东先生及其一致行动人本次权益变动情况 | 权益变动方向 | 比例增加□ | | 比例减少☑ | | --- | --- | --- | --- | | 权益变动前合计比例 | 14.32% | | ...