Core Viewpoint - The cross-border e-commerce sector experienced a slight increase of 0.62% on July 25, with a total capital inflow of 10.46 million [1] Group 1: Market Performance - A total of 92 stocks in the sector rose, while 62 stocks declined [1] - The top-performing stocks included: - InSail Group with a rise of 19.99% - Easy Point World with a rise of 6.38% - JinHao Medical with a rise of 6.23% [1][1][1] Group 2: Capital Flow - The leading stocks by net capital inflow were: - InSail Group with a net inflow of 208 million - BlueFocus Communication Group with a net inflow of 247 million - JinHao Medical with a net inflow of 676.31 thousand [1][1][1] Group 3: Declining Stocks - The stocks with the largest declines included: - LiShang GuoChao with a drop of 5.95% - SanYang Ma with a drop of 5.22% - HaiQi Group with a drop of 3.79% [1][1][1]

Group 1 - The major shareholder, Hainan Qiyu Enterprise Management Partnership (Limited Partnership), has reduced its stake in the company from 6.68% to 6.00% [1] - The reduction involved the sale of 2,901,262 shares between June 9, 2025, and July 18, 2025, through centralized bidding and block trading [1] - The reduction plan has not yet been fully implemented as of the announcement date [1] Group 2 - The change in the major shareholder and actual controller is not expected to have a significant impact on the company's governance structure and ongoing operations [2]

Summary of Key Points Core Viewpoint - On July 18, a total of 16 stocks on the Sci-Tech Innovation Board (STAR Market) experienced block trading, with a cumulative transaction amount of 171 million yuan, indicating active trading activity in this sector [1]. Group 1: Trading Activity - A total of 31 block trades were recorded, with a cumulative trading volume of 4.8367 million shares [1]. - The stock with the highest transaction amount was Haitan Ruisheng, which had 9 block trades totaling 38.30 million shares and a transaction amount of 38.30 million yuan [1]. - Other notable stocks in terms of transaction amounts included Guangyun Technology and Fuchuang Precision, with transaction amounts of 24.9162 million yuan and 20.9360 million yuan, respectively [1]. Group 2: Price and Discount Analysis - The stocks that experienced the highest discount rates relative to their closing prices included Qingyun Technology, Weixin Bio, and Guangyun Technology, with discount rates of 19.48%, 17.25%, and 14.95%, respectively [1]. - The average increase for the stocks involved in block trading was 2.55%, with the top gainers being Dema Technology, Qingyun Technology, and Huasheng Lithium, which saw increases of 14.74%, 7.90%, and 7.22% respectively [1]. Group 3: Institutional Participation - Among the block trades, 12 transactions involved institutional buyers or sellers, with the highest buying amounts for Haitan Ruisheng, Guangyun Technology, and Qingyun Technology, at 27.70 million yuan, 11.2276 million yuan, and 7.579 million yuan, respectively [2]. - In terms of net capital flow, six stocks saw net inflows, with Dema Technology, Huasheng Lithium, and Qingyun Technology leading with net inflows of 51.1035 million yuan, 33.284 million yuan, and 32.1246 million yuan, respectively [2].

证券代码：688365 证券简称：光云科技 公告编号：2025-044 上述减持主体无一致行动人 二、 权益变动触及 1%刻度的基本情况 公司于 2025 年 7 月 18 日收到海南祺御企业管理合伙企业（有限合伙）发 来的《关于海南祺御企业管理合伙企业（有限合伙）减持计划实施进展暨权益变 动触及 1%刻度的告知函》。2025 年 6 月 9 日至 2025 年 7 月 18 日期间海南祺御企 业管理合伙企业（有限合伙）通过集中竞价方式及大宗交易方式累计减持所持有 的公司股份 2,901,262 股，所持有的公司股份数量由 28,450,843 股减少至 25,549,581 股，占公司当前总股本的比例由 6.68%减少至 6.00%，触及 1%的整数 杭州光云科技股份有限公司 关于持股 5%以上股东权益变动 触及 1%刻度的提示性公告 股东海南祺御企业管理合伙企业（有限合伙）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。 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | □控股股东/实际控制 ...

Core Insights - The Chinese e-commerce SaaS industry is experiencing rapid growth, driven by advancements in AI, cross-border e-commerce expansion, and supportive government policies [1][7][20] - The market size for e-commerce SaaS is projected to reach 143.76 billion yuan in 2024, with a compound annual growth rate (CAGR) of 34.65% from 2015 to 2024 [1][12] - Leading companies in the sector include Lingxing ERP, which holds a 26.6% market share in the cross-border e-commerce segment, and Jushuitan, which dominates the domestic small and medium-sized enterprise market [1][18] E-commerce SaaS Industry Overview - E-commerce SaaS provides cloud-based subscription solutions for online store building, operations management, marketing, and logistics, characterized by low cost and easy scalability [2][3] - The industry is evolving towards AI integration, omnichannel capabilities, and low-code solutions [2][20] Market Dynamics - The cross-border e-commerce import and export scale is expected to reach 2.63 trillion yuan in 2024, growing by 10.8% year-on-year, which will enhance the demand for e-commerce SaaS solutions [1][14][23] - The online retail sales in China reached 6.04 trillion yuan in the first five months of 2025, marking an 8.5% increase year-on-year, providing a robust market opportunity for e-commerce SaaS [1][9] Competitive Landscape - The competitive landscape is characterized by a "one strong, many strong" structure, with Lingxing ERP leading the cross-border market and Jushuitan focusing on domestic SMEs [1][18] - Companies like Weimeng and Youzan are enhancing their AI and private domain operation capabilities to strengthen their market positions [1][18] Development Trends - The industry is moving towards deeper AI integration, with applications in smart product selection, dynamic pricing, and automated customer service [20][21] - The "ERP + ecosystem" model is becoming mainstream, with leading firms integrating payment, logistics, and financial services to create a comprehensive operational framework [20][22] - Cross-border e-commerce remains a key growth driver, with policies like "bonded + ERP" improving customs efficiency by over 50% [20][23]

Group 1 - The A-share market's AI sector experienced a significant afternoon rally, indicating strong investor interest in AI-related stocks [1] - Guangyun Technology saw a rise of over 9%, reflecting positive market sentiment towards the company [1] - Hand Information and Haitai Ruisheng both increased by more than 8%, showcasing their strong performance in the AI sector [1] - Aofei Data rose by over 7%, contributing to the overall upward trend in the AI industry [1] - Other companies such as Kingsoft Office and New Zhisoft also showed gains, indicating a broader positive movement in the sector [1]

证券代码：688365 证券简称：光云科技 公告编号：2025-043 杭州光云科技股份有限公司 关于董事会、监事会延期换届的提示性公告 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、准确性和完整性依法承担法律责任。 杭州光云科技股份有限公司（以下简称"公司"）第三届董事会、监事会于 2025年7月17日任期届满。鉴于相关换届工作尚在筹备中，为保证公司董事会、 监事会相关工作的连续性和稳定性，公司第三届董事会、监事会将延期换届，董 事会各专门委员会及董事会聘任的高级管理人员的任期亦相应顺延。 在换届选举工作完成前，公司第三届董事会、监事会全体成员、董事会各专 门委员会成员及高级管理人员将依照相关法律法规和《公司章程》等有关规定继 续履行其义务和职责。 公司董事会、监事会延期换届不会影响公司的正常运营。公司将积极推进相 关工作，尽快完成董事会与监事会的换届选举工作，并及时履行信息披露义务。 特此公告。 杭州光云科技股份有限公司董事会 2025年7月15日 ...

Core Viewpoint - The company intends to use part of the idle raised funds to temporarily supplement its working capital, which is expected to improve the efficiency of fund utilization and reduce financial costs [1][4][6] Fundraising Basic Situation - The company issued 24,824,684 shares at a price of RMB 7.13 per share, raising a total of RMB 176,999,996.92, with all funds received by February 27, 2023 [1] Fund Usage Progress - As of December 31, 2024, the company has invested RMB 9,843.71 million out of the planned RMB 17,700 million, achieving a progress rate of 55.61% [2][3] Temporary Fund Supplement Plan - The company plans to use up to RMB 50 million of idle raised funds for temporary working capital, with a usage period of 12 months from the board's approval date, allowing for rolling use within this limit [3][4] Review Procedures - The board and supervisory committee approved the proposal on July 4, 2025, ensuring that the use of funds does not affect the implementation of investment projects [4][6] Special Opinion - The supervisory committee believes that the temporary use of idle funds will enhance fund efficiency and meet the company's short-term financial needs, aligning with the interests of the company and all shareholders [4][6] Sponsor's Verification Opinion - The sponsor confirms that the company's plan to use idle funds has been approved by the board and supervisory committee, complies with relevant regulations, and does not affect the normal construction of investment projects [6]

Core Points - The company has conducted a review of the list of incentive recipients for the 2025 Restricted Stock Incentive Plan, ensuring compliance with relevant laws and regulations [1][2] - The initial grant date for the incentive plan is set for July 4, 2025 [2] Summary by Categories Compliance and Eligibility - The review confirms that the incentive recipients meet the qualifications outlined in the Securities Law, Management Measures, and Listing Rules [2] - Specific disqualifications for incentive recipients include being recognized as inappropriate by the stock exchange or the China Securities Regulatory Commission (CSRC) within the last 12 months, or having been penalized for major violations [1] Incentive Plan Details - The incentive plan is aligned with the approved draft and includes shareholders with more than 5% ownership and their immediate family members [2] - The plan adheres to the company's articles of association and relevant regulatory frameworks [2]

Core Viewpoint - The company conducted a self-examination regarding the trading activities of insider information recipients and incentive targets related to the 2025 restricted stock incentive plan, confirming no insider trading occurred during the specified period [1][3]. Group 1: Self-Examination Process - The company held a board meeting on June 18, 2025, to approve the draft of the 2025 restricted stock incentive plan and disclosed the relevant announcement on June 19, 2025 [1]. - The self-examination covered the trading activities of insider information recipients and incentive targets within six months prior to the public disclosure of the incentive plan, specifically from December 18, 2024, to June 18, 2025 [2]. Group 2: Findings of the Self-Examination - During the self-examination period, seven individuals were identified as having engaged in trading the company's stock [2][3]. - The trading decisions made by these individuals were based on publicly disclosed information and their own judgment of the secondary market, without prior knowledge of the incentive plan details [3]. Group 3: Conclusion of the Self-Examination - The company adhered to the relevant disclosure management regulations and internal confidentiality protocols during the planning of the incentive plan, ensuring that only a limited number of personnel had access to insider information [3]. - No evidence of information leakage or insider trading was found among the identified individuals, and all trading activities complied with the regulations [3].