Core Viewpoint - The company Hongquan IoT (688288.SH) announced a change in its stock abbreviation from "Hongquan IoT" to "Hongquan Technology," effective from November 11, 2025, while the full company name and stock code will remain unchanged [1] Summary by Category - **Company Name Change** - The stock abbreviation will change to "Hongquan Technology" starting November 11, 2025 [1] - The full company name and stock code will not be altered [1]

Core Viewpoint - The company Hongquan Technology (formerly known as Hongquan Wulian) will change its stock abbreviation from "Hongquan Wulian" to "Hongquan Technology" starting from November 11, 2025, while the full name and stock code will remain unchanged [1] Summary by Category - **Company Name Change** - The stock abbreviation will be updated to reflect the new branding as "Hongquan Technology" [1] - **Effective Date** - The change will take effect on November 11, 2025 [1] - **Stock Code and Full Name** - The company's full name and stock code will not change, maintaining continuity in its identification on the stock market [1]

证券代码：688288 证券简称：鸿泉物联 公告编号：2025-043 杭州鸿泉物联网技术股份有限公司 公司证券简称变更实施公告 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个别及连带责任。 二、 公司证券简称变更的原因 自上市以来，公司的产品类型和业务范围持续拓展，技术能力不断深化，已 从当初以车联网终端为主，转变为智能网联、智能座舱、控制器和软件平台开发 四大类产品和业务协同发展的主营业务模式，公司的客户也从以商用车占绝对主 导，转变为商用车、乘用车和两轮车同步拓展的发展模式；因此公司的产品和业 务发生了较大的变化。 公司2025年半年度报告显示，智能网联业务仍是公司的重要收入来源，但收 入占比已有较大的下降；智能座舱在原有车载中控屏的基础上新增了仪表座舱产 品，并拓展了两轮车客户，2025年半年度收入同比增长156.93%，占营业收入的比 重持续提升；控制器业务为上市以来新开拓业务，主要实现对汽车的微特电机控 制等智能化功能，2025年半年度收入同比增长63.94%，呈现了快速增长态势，收 入占比持续提升；软件平台开发业务也新增 ...

Core Insights - Hongquan Wulian is a leading company in the smart connected and big data cloud platform sector in China, established in 2009 and listed on the Shanghai Stock Exchange in 2019 [1] Group 1: Business Performance - In Q3 2025, Hongquan Wulian achieved a revenue of 495 million yuan, ranking 38th in the industry, significantly lower than the top competitor, Inspur Information, which reported 120.67 billion yuan [2] - The company's net profit for the same period was 41.2 million yuan, ranking 23rd in the industry, also below the leading firms but above the industry average of 10.2 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Hongquan Wulian's debt-to-asset ratio was 33.77%, slightly up from 31.68% year-on-year but still below the industry average of 34.38%, indicating good solvency [3] - The gross profit margin for Q3 2025 was 36.51%, a slight increase from 36.38% year-on-year, and higher than the industry average of 34.46%, reflecting strong profitability [3] Group 3: Leadership and Shareholder Information - Chairman He Junqiang's salary increased from 47,900 yuan in 2023 to 55,500 yuan in 2024, an increase of 7,600 yuan [4] - As of September 30, 2025, the number of A-share shareholders decreased by 7.88% to 5,530, while the average number of circulating A-shares held per shareholder increased by 7.66% to 18,000 [5] Group 4: Growth Opportunities - The company is expected to benefit from the replacement of National IV heavy trucks, increased demand for commercial vehicle connectivity, and rapid expansion into the passenger vehicle market with eCall and domain controllers [5] - Forecasted revenues for 2025-2027 are 697 million, 935 million, and 1.255 billion yuan, with year-on-year growth rates of 33.2%, 34.1%, and 34.2% respectively [5]

Core Insights - Hongquan Wulian (688288.SH) reported its Q3 2025 results on October 29, 2025, highlighting a total of 7 institutional investors holding shares, amounting to 20.11% of the total share capital [1] Institutional Holdings - The total number of shares held by institutional investors reached 20.07 million, representing a decrease of 4.53 percentage points compared to the previous quarter [1] - The institutional investors include Beijing Qianfang Technology Co., Ltd., Anji Hong'e Enterprise Management Consulting Partnership (Limited Partnership), Anji Hongji Enterprise Management Consulting Partnership (Limited Partnership), Shanghai Yuchengsen Enterprise Management Partnership (Limited Partnership), Anji Hongxian Enterprise Management Consulting Partnership (Limited Partnership), Jianxin Flexible Allocation Mixed A, and Penghua Smart Investment Digital Economy Mixed A [1] Public Fund Activity - One public fund, Penghua Smart Investment Digital Economy Mixed A, increased its holdings compared to the previous period, while another fund, Jianxin Flexible Allocation Mixed A, was newly disclosed [1] - A total of 136 public funds did not disclose their holdings this quarter, including notable funds such as Jin Ying Reform Dividend Mixed,招商量化精选股票发起式A, Jianxin CSI 500 Index Enhanced A, Wan Jia CSI 1000 Index Enhanced A, and Hua An Cultural and Sports Health Flexible Allocation Mixed A [1]

Core Viewpoint - The company, Hangzhou Hongquan Internet of Things Technology Co., Ltd., is undergoing significant changes, including a proposed change in its stock abbreviation from "Hongquan Wulian" to "Hongquan Technology" to better reflect its diversified business model and technological capabilities [13][14][15][16]. Financial Data - The third-quarter financial report for 2025 has not been audited [3]. - The company has confirmed that the financial information in the quarterly report is true, accurate, and complete [2]. Shareholder Information - The company has not reported any changes in the number of shareholders or significant shareholders participating in the securities lending business [5]. Audit Changes - The company has appointed Tianjian Accounting Firm as its auditor for the 2025 fiscal year, with a change in the signing accountant due to the departure of Wei Xiaohui [8][9][10]. Upcoming Events - The company will hold a performance briefing on November 21, 2025, to discuss its third-quarter results and address investor questions [20][21][22][23].

Group 1 - The core point of the article is that Hongquan IoT (688288.SH) reported significant growth in its third-quarter results for 2025, with total operating revenue reaching 495 million yuan, a year-on-year increase of 35.85% [1] - The company achieved a net profit attributable to shareholders of 41.06 million yuan, compared to a loss of 29.95 million yuan in the same period last year [1] - Basic earnings per share for the company stood at 0.41 yuan [1]

Core Viewpoint - The company has approved a change in its stock abbreviation from "鸿泉物联" to "鸿泉技术" while maintaining its full name and stock code [1] Summary by Categories Company Actions - The third board meeting of the company was held on October 28, 2025, where the proposal to change the stock abbreviation was approved with a unanimous vote of 7 in favor, 0 against, and 0 abstentions [1]

Group 1 - The core viewpoint of the news is that Hongquan Wulian has reported significant growth in its third-quarter performance for 2025, with a revenue increase of 35.85% year-on-year [1] - The company achieved approximately 495 million yuan in revenue for the first three quarters of 2025 [1] - The net profit attributable to shareholders of the listed company is around 41.06 million yuan, with a basic earnings per share of 0.41 yuan [1] Group 2 - As of the report, Hongquan Wulian has a market capitalization of 2.9 billion yuan [2]

证券代码：688288 证券简称：鸿泉物联 公告编号：2025-041 杭州鸿泉物联网技术股份有限公司 天健所作为公司 2025 年度财务报告和内部控制审计机构，原委派林旺和魏晓慧 作为公司 2025 年度财务报表审计报告和内部控制审计报告的签字注册会计师。由于 魏晓慧已离职，现委派丁俊广接替魏晓慧作为签字注册会计师。变更后，公司 2025 年度审计业务签字注册会计师为林旺和丁俊广。 二、本次变更人员的基本信息 签字注册会计师：丁俊广，于 2020 年成为中国注册会计师，自 2020 年开始在 天健所执业。 丁俊广不存在违反《中国注册会计师职业道德守则》有关独立性要求的情形， 最近三年未曾因执业行为受到过刑事处罚、行政处罚、监督管理措施和纪律处分。 三、对公司的影响 本次变更过程中相关工作安排已有序交接，变更事项不会对公司 2025 年度财务 报告审计和内部控制审计工作产生不利影响。 关于变更签字注册会计师的公告 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。 杭州鸿泉物联网技术股份有限公司（以下简称鸿泉物联或公司）于 20 ...