Core Insights - The third China Listed Companies Industry Development Forum was held on September 21, 2025, focusing on "Future Industries and State Capital Empowering Listed Companies" [3] - The event highlighted a new model of collaboration between state capital and cutting-edge technology to empower listed companies [3] - The authoritative list of "Future Industry Stars" was unveiled, showcasing companies with high technological barriers and industry leadership across six key sectors [3] Future Information Industry Stars - The list includes notable companies such as: - PCCW Limited (00008.HK) - Ciwang Media (002343.SZ) - Siwei Map (002405.SZ) - Haige Communication (002465.SZ) - Kainet Network (002517.SZ) [5][6] Future Manufacturing Industry Stars - Key companies recognized in this category include: - Wan Feng Ao Wei (002085.SZ) - AVIC Optoelectronics (002179.SZ) - Zhongchao Holdings (002471.SZ) - Hailian Jinhui (002537.SZ) - Zanyu Technology (002637.SZ) [9][10] Future Energy Industry Stars - The recognized companies in this sector are: - Zhun Oil Co., Ltd. (002207.SZ) - Zhaoxin Co., Ltd. (002256.SZ) - Jiangsu Guoxin (002608.SZ) - Mingyang Electric (301291.SZ) - Hainan Mining (601969.SH) [12][13] Future Materials Industry Stars - Notable companies include: - Chengda Zhi (000602.SZ) - Guofeng New Materials (000859.SZ) - Ok Technology (001223.SZ) - Donghua Technology (002140.SZ) - Yutong Technology (002831.SZ) [14][15] Future Space Industry Stars - Key players recognized in this category are: - Hengtian Hailong (000677.SZ) - Aerospace Rainbow (002389.SZ) - Tianhai Defense (300008.SZ) - Ningbo Port (601018.SH) [16] Future Health Industry Stars - The list features companies such as: - Enhua Pharmaceutical (002262.SZ) - Aier Eye Hospital (300015.SZ) - Huada Gene (300676.SZ) - Shunyu Co., Ltd. (301519.SZ) [17][18]

Core Insights - The optical and optoelectronic sector experienced a decline of 2.68% on October 10, with Wanrun Technology leading the drop [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] Stock Performance - Wanrun Technology (002654) saw a significant decline of 9.11%, closing at 14.56, with a trading volume of 1.22 million shares and a transaction value of 1.8 billion [2] - Other notable decliners included Tengjing Technology (688195) down 8.42% and Changyang Technology (6628889) down 7.45% [2] - Conversely, Deep Textile A (000045) increased by 7.14%, closing at 13.50, with a trading volume of 410,600 shares and a transaction value of 54 million [1] Capital Flow - The optical and optoelectronic sector experienced a net outflow of 1.911 billion from institutional investors, while retail investors saw a net inflow of 538 million [2] - Notable stocks with significant capital inflows included BOE Technology Group (000725) with a net inflow of 127 million from institutional investors [3] - In contrast, Huacan Optoelectronics (300323) faced a net outflow of 77.5 million from retail investors [3]

Core Viewpoint - Hongquan IoT has shown significant stock price movement, with a year-to-date increase of 90.75%, despite recent declines in the last five and twenty trading days [2]. Group 1: Stock Performance - As of September 24, Hongquan IoT's stock price rose by 2.06% to 30.71 CNY per share, with a trading volume of 23.68 million CNY and a turnover rate of 0.78% [1]. - The company has experienced a net inflow of main funds amounting to 1.64 million CNY, with large orders accounting for 12.27% of purchases and 5.33% of sales [1]. - The stock has seen a decline of 5.10% over the last five trading days and 4.48% over the last twenty days, while it has increased by 8.94% over the last sixty days [2]. Group 2: Company Overview - Hongquan IoT, established on June 11, 2009, and listed on November 6, 2019, is based in Hangzhou, Zhejiang Province, and specializes in automotive intelligent networking equipment and big data cloud platforms [2]. - The company's revenue composition includes intelligent networking (54.66%), intelligent cockpit (19.26%), controllers (13.57%), software platform development (12.07%), and others (0.44%) [2]. - Hongquan IoT operates within the computer industry, specifically in the computer equipment sector, and is associated with concepts such as data elements, smart governance, small-cap stocks, vehicle networking, and star flash concepts [2]. Group 3: Financial Performance - For the first half of 2025, Hongquan IoT reported a revenue of 334 million CNY, reflecting a year-on-year growth of 37.21%, and a net profit attributable to shareholders of 33.44 million CNY, which is a 283.57% increase year-on-year [2]. - The company has distributed a total of 65 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. - As of June 30, 2025, the number of shareholders decreased by 4.33% to 6,003, while the average circulating shares per person increased by 4.53% to 16,765 shares [2].

证券代码：688288 证券简称：鸿泉物联 公告编号：2025-039 杭州鸿泉物联网技术股份有限公司 关于回购股份注销完成暨股份变动的公告 公司于2025年8月7日在上海证券交易所网站（www.sse.com.cn）披露了《关 于注销回购股份并减少注册资本暨通知债权人的公告》（公告编号：2025-034）， 自该公告披露之日起45日内，公司未收到任何相关债权人要求公司清偿债务或提 供相应担保的通知。现将具体情况公告如下： 一、回购股份的基本情况 公司于2024年2月7日召开第三届董事会第二次会议，审议通过了《关于以集 中竞价交易方式回购公司股份方案的议案》，具体内容详见公司于2024年2月8 日、2024年2月21日披露于上海证券交易所网站（www.sse.com.cn）的《关于以 集中竞价交易方式回购公司股份方案的公告》（公告编号：2024-004）、《关于 以集中竞价交易方式回购公司股份的回购报告书》（公告编号：2024-005）。 2024年3月26日，公司完成本次回购，已实际回购公司股份1,230,216股，使 用资金总额20,014,377.52元。具体内容详见公司于2024年3月27日披露于上海 ...

Core Points - The Shanghai Composite Index closed at 3822.59 points, above the six-month moving average, with a slight increase of 0.07% [1] - The total trading volume of A-shares reached 13556.41 billion yuan, indicating active market participation [1] - A total of 49 A-shares have surpassed the six-month moving average, with notable stocks showing significant deviation rates [1] Summary by Category Market Performance - The Shanghai Composite Index is currently at 3822.59 points, reflecting a 0.07% increase [1] - The total trading volume for A-shares today is 13556.41 billion yuan [1] Stocks Surpassing Six-Month Moving Average - 49 A-shares have broken through the six-month moving average [1] - Stocks with the highest deviation rates include: - Shengyuan Environmental Protection: 6.76% - Zhixin Electronics: 6.18% - Weixing Intelligent: 6.16% [1] Additional Stock Information - Other stocks that have recently crossed the six-month line with lower deviation rates include: - Shuanglu Pharmaceutical - China Merchants Jiyu - Libote [1]

Group 1 - The core point of the news is that Hongquan IoT experienced a decline of 5.01% in its stock price, reaching 30.74 CNY per share, with a trading volume of 1.23 billion CNY and a turnover rate of 3.79%, resulting in a total market capitalization of 3.106 billion CNY [1] - Hongquan IoT, established on June 11, 2009, and listed on November 6, 2019, is based in Hangzhou, Zhejiang Province. The company specializes in the research, development, production, and sales of automotive intelligent networking devices and big data cloud platforms, utilizing cutting-edge technologies such as big data, artificial intelligence, and 5G [1] - The revenue composition of Hongquan IoT includes intelligent networking at 54.66%, intelligent cockpit at 19.26%, controllers at 13.57%, software platform development at 12.07%, and others at 0.44% [1] Group 2 - From the perspective of major fund holdings, one fund under Xinda Australia has a significant position in Hongquan IoT. The fund "Xinao Ningjun Smart Selection Mixed A" (019720) held 6,394 shares in the second quarter, accounting for 0.75% of the fund's net value, making it the sixth-largest holding [2] - The fund "Xinao Ningjun Smart Selection Mixed A" was established on December 19, 2023, with a latest scale of 5.3963 million CNY. Year-to-date returns are 29.34%, ranking 3,084 out of 8,172 in its category; the one-year return is 55.83%, ranking 2,783 out of 7,980; and since inception, the return is 45.09% [2] - The fund managers, Lin Jingyi and Feng Xixiang, have tenures of 10 years and 2 years respectively, with total fund assets of 479 million CNY and 454 million CNY. Lin's best return during his tenure is 56.36%, while the worst is -6.88%. Feng's best return is 81.92%, and the worst is 5.47% [2]

Core Viewpoint - Hongquan Wulian reported a turnaround in net profit for the first half of 2025, achieving a revenue of 334 million yuan, a year-on-year increase of 37.21% [1] Group 1: Financial Performance - The company achieved operating revenue of 334 million yuan, up 37.21% year-on-year [1] - Net profit attributable to shareholders reached 33.44 million yuan, with a non-recurring net profit of 26.88 million yuan, marking a return to profitability [1] - Revenue from smart connected products was 180 million yuan, a year-on-year increase of 15.37% [1] - Revenue from smart cockpit products surged to 63.33 million yuan, up 156.93% year-on-year [1] - Revenue from controller products reached 44.61 million yuan, reflecting a growth of 63.94% year-on-year [1] Group 2: Business Development - The company has achieved large-scale production of connected terminals and controllers for passenger vehicles, securing multiple new clients and projects [1] - The controller business has established close ties with well-known Tier 1 suppliers and OEMs, with several versions of thermal management controllers, seat controllers, massage controllers, and vehicle refrigerator controllers entering stable mass production [1] - The smart connected business has completed the development of eCall and NG eCall products, obtaining the EU eCall certification from the Luxembourg Ministry of Transport [1] Group 3: Future Outlook - In the second half of the year, the company aims to ensure timely development and high-quality production and delivery of passenger vehicle controller projects [2] - The company plans to stabilize mass production of overseas eCall for major clients and deepen cooperation with existing passenger vehicle customers [2] - The company is focusing on the development and certification of related products in response to domestic eCall policy implementation, while also pursuing new project opportunities in connected terminals, smart cockpits, and body controllers [2] - The strategic layout in the two-wheeler and specialty vehicle sectors is showing initial results, with stable partnerships with key clients like Chunfeng Power and Qianjiang Motorcycle [2]

Core Viewpoint - Hongquan Wulian (688288) reported significant growth in revenue and profit for the first half of 2025, indicating a strong recovery and improved profitability compared to the previous year [1][3]. Financial Performance - Total revenue for the first half of 2025 reached 334 million yuan, a year-on-year increase of 37.21% [1]. - Net profit attributable to shareholders was 33.44 million yuan, up 283.57% year-on-year [1]. - The gross margin improved to 37.59%, an increase of 5.58% compared to the previous year [1]. - The net profit margin turned positive at 10.04%, a significant increase from a negative 7.81% in the previous year [1]. - Total expenses (selling, administrative, and financial) amounted to 35.43 million yuan, accounting for 10.6% of revenue, down 21.89% year-on-year [1]. Business Growth Drivers - The company experienced growth in its commercial vehicle segment, driven by an increase in heavy truck sales, which rose by 6.9% year-on-year [4]. - New projects in passenger vehicles and two-wheeled vehicles contributed to revenue growth, with several projects transitioning to production [4]. - The company’s eCall products have received EU certification, enhancing its capability to provide smart connectivity services to OEM customers [5]. Market Position and Collaborations - The company collaborates with major domestic manufacturers in the commercial vehicle sector, particularly in the heavy truck market [6]. - In the two-wheeler segment, the company has established partnerships with leading manufacturers and is focusing on product development to meet increasing demand for smart features [7]. Future Outlook - The company anticipates growth across all business segments, particularly in smart cockpits and controllers, driven by increased penetration of smart products in commercial vehicles and two-wheelers [8]. - The company plans to enhance its product offerings in the intelligent two-wheeler market, aiming to become a comprehensive supplier of smart products [8].

Core Viewpoint - Hongquan Wulian (688288.SH) reported a significant increase in revenue and profitability in the first half of 2025, indicating strong growth in its core product segments [1] Financial Performance - The company achieved operating revenue of 334 million yuan, representing a year-on-year growth of 37.21% [1] - The net profit attributable to shareholders was 33.44 million yuan, marking a turnaround from a loss in the same period last year [1] Product Segment Performance - Revenue from smart connected products reached 180 million yuan, with a year-on-year increase of 15.37% [1] - Revenue from smart cockpit products surged to 63.33 million yuan, reflecting a substantial growth of 156.93% [1] - Revenue from controller products was 44.61 million yuan, showing a year-on-year growth of 63.94% [1] - The software platform development business also experienced rapid growth [1]

第二条 本制度所称被审计对象，指公司各部门、各分公司、各全资或控股 子公司及相关责任人。 第三条 本制度所称内部审计，是指一种独立、客观的监督、评价和咨询活 动，通过运用系统、规范的方法，审查和评价企业经营活动、内部控制和风险管 理的适当性和有效性，促进企业改善治理和管理，提升价值，实现经营目标。 第二章 内部审计机构设置 杭州鸿泉物联网技术股份有限公司 内部审计管理制度 （2025 年 8 月） 第一章 总 则 第一条 为规范并保障公司内部审计监督，提高审计工作质量，实现内部审 计制度化，发挥内部审计工作在加强内部控制管理、促进企业经营管理、提高经 济效益中的作用，根据《中华人民共和国审计法》《审计署关于内部审计工作的 规定》《中国内部审计准则》《上海证券交易所科创板股票上市规则》《上海证 券交易所科创板上市公司自律监管指引第 1 号——规范运作》等法律法规以及 《杭州鸿泉物联网技术股份有限公司章程》（以下简称《公司章程》），结合公 司实际，特制定本制度。 第四条 公司设立内部审计部门，负责公司内部控制制度的建立和实施，对 公司的经营活动、内部控制、财务信息等实行审计监督。内部审计机构对董事会 负责，向董事 ...