Summary of Hongquan Wulian Conference Call Company Overview - Hongquan Wulian was established in 2009 and is headquartered in Hangzhou with over 600 employees. The company specializes in the research and production of automotive electronic products, initially starting with intelligent network systems for buses and later expanding into heavy trucks, including Telematics Box and driving recorders. The company went public on the Sci-Tech Innovation Board in 2019. Due to the pandemic and macroeconomic downturn, commercial vehicle sales declined, significantly impacting performance. In 2024, revenue reached 520 million yuan, nearing breakeven, indicating a recovery in performance. The business is divided into four product lines: intelligent networking, intelligent cockpit, controllers, and software platform development [3][4]. Core Business Insights - The company’s revenue in 2024 was 520 million yuan, approaching breakeven [4] - Revenue breakdown for 2024: - Commercial vehicles: 80% - Intelligent networking: 60% (280 million yuan) - Intelligent cockpit: 12% (over 60 million yuan) - Controllers: 17% (85 million yuan) - Software platform: 13% (74 million yuan) [4][8] - The company has expanded into the passenger vehicle and two-wheeler markets since 2022, with passenger vehicle revenue accounting for 17% and two-wheelers for 1.6% in 2024 [4][5]. Market Strategy and Competition - Hongquan Wulian is responding to market competition by enriching its product line, collaborating with industry leaders, and increasing R&D investment to enhance technical capabilities and operational efficiency [4][6]. - Future development focuses on strengthening the passenger vehicle and two-wheeler segments, enhancing software platform capabilities, and expanding both domestic and international markets [4][7]. Regulatory and Market Trends - The domestic eCall national standard is expected to be released in May-June 2024 and will be mandatory from July 1, 2027. The company has established a dedicated team to leverage EU product standards experience and target key clients such as GAC, Chery, Changan, and Geely [4][10]. - The eCall system's main function is to automatically transmit data to rescue platforms after a collision, with technical challenges including customized communication module design and software modifications [10]. Future Projections - The company aims to achieve total revenue of 1 billion yuan by 2026 or 2027, with commercial and passenger vehicles each accounting for one-third of total revenue [4][8]. - The company plans to capture 10%-20% of the domestic market for 20 million passenger vehicles, translating to 200,000 to 400,000 units, which could generate revenue of 1 to 2 billion yuan [4][32]. Product Development and Innovation - The T-Box solution integrates dual-mode (Beidou/GPS) functionality, priced at approximately 500 yuan, with a gross margin of 30%-40% [4][25]. - The company is expanding its controller product line and moving towards integration with actuators to enhance competitiveness and provide more comprehensive solutions [12]. Challenges and Opportunities - The company has faced challenges in the European certification process, particularly in software aspects, but has successfully completed the necessary steps for eCall certification [13][14]. - The transition period for the mandatory installation of new national standard products will begin in May-June 2025 and end on July 1, 2027, allowing manufacturers and suppliers to prepare [29][30]. Conclusion - Hongquan Wulian is positioned to leverage its existing capabilities and market trends to enhance its product offerings and expand its market share in the automotive electronics sector, particularly in the context of new regulatory standards and growing demand for intelligent vehicle solutions [4][32].

证券代码：688288 证券简称：鸿泉物联 公告编号： 2025-006 杭州鸿泉物联网技术股份有限公司 关于股票交易异常波动的公告 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。 重要内容提示： 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）股票交 易连续3个交易日内（2025年3月10日、2025年3月11日、2025年3月12日）收盘价 格涨幅偏离值累计超过30%，根据《上海证券交易所交易规则》《上海证券交易 所科创板股票异常交易实时监控细则》的有关规定，属于股票交易异常波动情形。 经公司自查，并向公司控股股东及实际控制人发函查证，截至本公告披 露日，公司、控股股东及实际控制人不存在影响公司股票交易异常波动的重大事 项，亦不存在其他应披露而未披露的重大信息。 公司股价短期波动幅度较大，敬请广大投资者注意二级市场交易风险， 理性决策，审慎投资。 一、股票交易异常波动的具体情况 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）股票交易连 续3个交易日内（2025年3月10日、2025年3月11日、2025 ...

(本页无正文，为关于<杭州鸿泉物联网技术股份有限公司股票交易异常波动问 询函>的回函之签字页 ) 控股股东、实际控制人: 何军强 2025年 3 月12日 贵公司发出的《杭州鸿泉物联网技术股份有限公司股票交易异常波动问询函》 已收悉。经认真自查核实,现就相关事项回复如下: 截至目前,本人不存在涉及影响贵公司股票交易异常波动的应披露而未披露 的重大事项,不存在涉及其他应披露而未披露的重大信息,未筹划涉及上市公司 的重大资产重组、股份发行、收购、债务重组、业务重组、资产剥离和资产注入 等重大事项，不存在股票异常波动期间买卖贵公司股票的情形。 (以下无正文) 关于《杭州鸿泉物联网技术股份有限公司股票交易 异常波动问询函》的回函 杭州鸿泉物联网技术股份有限公司: ...

Financial Performance - The company achieved total operating revenue of RMB 52,274.70 million, a year-on-year increase of 27.70%[4] - The net profit attributable to the parent company was a loss of RMB 348.39 million, an improvement of 95.13% compared to the previous year[6] - The basic earnings per share were reported at RMB -0.04, an improvement from RMB -0.71 in the previous year[4] - The weighted average return on net assets increased by 8.74 percentage points to -0.48%[4] Assets and Equity - The total assets at the end of the reporting period were RMB 106,551.56 million, reflecting a growth of 3.98% from the beginning of the period[7] - The equity attributable to the parent company decreased by 2.76% to RMB 72,580.79 million[7] Product and Market Focus - The company's core products are primarily applied in commercial vehicles, passenger vehicles, and two-wheeled vehicles, with commercial vehicle sales continuing to contribute significantly to revenue[8] - The company plans to focus on project development and delivery, expanding key customers and projects to sustain revenue growth[8] Cost Management - The company implemented cost control measures, resulting in a decrease in related expenses and improved profit margins[10] - The gross profit margin remained relatively stable, benefiting from the stable mass production of certain commercial vehicle products[10]

杭州鸿泉物联网技术股份有限公司（以下简称公司）于近日收到东方证券股 份有限公司（以下简称东方证券）出具的《关于更换杭州鸿泉物联网技术股份有 限公司首次公开发行股票持续督导保荐代表人的情况说明》。东方证券作为公司 首次公开发行股票并在科创板上市的保荐机构，原指定保荐代表人潘金亮先生、 朱佳磊先生具体负责公司持续督导期间保荐工作，法定持续督导的期间至2022 年12月31日止。2024年10月，因首次公开发行股票募集资金投资项目已实施完毕， 公司已将首次公开发行股票募投项目结项并将结余募集资金永久补充流动资金， 募集资金专项账户已注销完毕，但因2024年度仍存在募集资金使用情况，保荐代 表人仍需对公司募集资金的使用和管理继续履行督导义务，并发表相关核查意见。 现因东方证券保荐代表人朱佳磊先生工作变动，为保证持续督导保荐工作的 有序进行，东方证券指定张仲先生（简历详见附件）接替朱佳磊先生担任公司持 续督导期间的保荐代表人，负责持续督导工作，履行持续督导职责。 证券代码：688288 证券简称：鸿泉物联 公告编号： 2025-004 杭州鸿泉物联网技术股份有限公司 关于变更保荐代表人的公告 本公司董事会及全体董事保证 ...

证券代码：688288 证券简称：鸿泉物联 公告编号：2025-003 杭州鸿泉物联网技术股份有限公司 股东减持股份结果公告 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： 股东持股的基本情况 本次减持计划实施前，杭州鸿泉物联网技术股份有限公司（以下简称公司） 股东赵胜贤持有公司股份 3,076,365 股，占公司总股本的比例为 3.06%。前述股 份均为无限售流通股，来源于公司首次公开发行股票并上市前取得的股份。 1 一、减持主体减持前基本情况 | 股东名称 | 股东身份 | 持股数量（股） | 持股比例 | | 当前持股股份来源 | | --- | --- | --- | --- | --- | --- | | 赵胜贤 | 5%以下股东 | 3,076,365 | 3.06% | IPO | 前取得：3,076,365 股 | 上述减持主体无一致行动人。 2 减持计划的实施结果情况 2024 年 11 月 28 日，公司披露了《股东减持股份计划公告》（公告编号：20 24-051），因自身资 ...

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）股票交 易连续3个交易日内（2025年1月14日、2025年1月15日、2025年1月16日）收盘价 格涨幅偏离值累计超过30%，根据《上海证券交易所交易规则》《上海证券交易 所科创板股票异常交易实时监控细则》的有关规定，属于股票交易异常波动情形。 一、 股票交易异常波动的具体情况 经公司自查，并向公司控股股东及实际控制人发函查证，截至本公告披 露日，公司、控股股东及实际控制人不存在影响公司股票交易异常波动的重大事 项，亦不存在其他应披露而未披露的重大信息。 公司股价短期波动幅度较大，敬请广大投资者注意二级市场交易风险， 理性决策，审慎投资。 证券代码：688288 证券简称：鸿泉物联 公告编号： 2025-001 杭州鸿泉物联网技术股份有限公司 关于股票交易异常波动的公告 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。 重要内容提示： 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）股票交易连 续3个交易日内（2025年1月14日、2025年1月15日、202 ...

Financial Projections - The company expects to achieve operating revenue of between 500 million to 530 million CNY in 2024, representing a year-on-year increase of 22.15% to 29.47%[3] - The net profit attributable to the parent company is projected to be between -3 million to -8 million CNY, a reduction in loss of 68.6 million to 63.6 million CNY compared to the previous year, reflecting a decrease in loss of 95.81% to 88.83%[3] - The net profit attributable to the parent company after deducting non-recurring gains and losses is also expected to be between -3 million to -8 million CNY, with a reduction in loss of 74 million to 69 million CNY year-on-year, indicating a decrease in loss of 96.10% to 89.61%[3] Business Strategy - In 2024, the company aims to solidify its commercial vehicle business while actively expanding into passenger vehicles and two-wheeled vehicle markets, contributing to revenue growth[6] - The implementation of new national standards for driving recorders has extended installation cycles, allowing for price increases to be reflected throughout the year[6] - The company has focused on project development and delivery, expanding key customers and projects, which has led to revenue growth[6] - The company has implemented cost control measures, balancing cost inputs with future development, resulting in a decrease in related expenses[6] Industry Outlook - The automotive industry in China is expected to see production and sales growth of 3.7% and 4.5% respectively in 2024, supporting the company's revenue increase[5]

证券代码：688288 证券简称：鸿泉物联 公告编号：2024-055 杭州鸿泉物联网技术股份有限公司 协议》及《募集资金三方监管协议之补充协议》（以下简称补充协议），对募 集资金的存放和使用情况进行监管。前述《募集资金专户存储三方监管协议》 及补充协议与《上海证券交易所募集资金专户存储三方监管协议（范本）》不 存在重大差异。 三、本次募集资金专户销户情况 鉴于公司首次公开发行股票募集资金投资项目已建设完成，为便于公司账户 统筹管理，减少管理成本，公司决定将节余募集资金及利息转出永久补充流动资 金，并注销相关募集资金专户，详见公司《关于首次公开发行股票募投项目结项 并将节余募集资金永久补充流动资金的公告》（公告编号：2024-038）。该事项 已经公司第三届董事会第五次会议和第三届监事会第四次会议审议通过，保荐机 构已发表明确同意意见。 关于首次公开发行股票募集资金账户注销完成的公告 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）首次公开发 行股票募集资金按照相关法律 ...

证券代码：688288 证券简称：鸿泉物联 公告编号：2024-055 杭州鸿泉物联网技术股份有限公司 关于首次公开发行股票募集资金账户注销完成的公告 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）首次公开发 行股票募集资金按照相关法律、法规、规范性文件的规定在银行开立了募集资金 专项账户。鉴于公司首次公开发行股票募集资金投资项目已经结项，公司于近日 办理完成了首次公开发行股票募集资金专户的注销手续，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会以证监许可[2019]1920号《关于同意杭州鸿泉 物联网技术股份有限公司首次公开发行股票注册的批复》同意注册，公司向社 会公开发行人民币普通股25,000,000股，每股面值人民币1.00元，每股发行价 为人民币24.99元，共募集资金人民币624,750,000.00元，扣除发行费用 金到位情况已经天健会计师事务所 特殊普通合伙）审验并出具天健验 2019〕 已注销） 已注销） 已注销） 二、募集资金专户存 ...