Group 1 - Company reported Q3 performance with revenue of approximately 405 million yuan, a year-on-year increase of 14.87% [1] - The net profit attributable to shareholders was a loss of approximately 15.03 million yuan, with basic earnings per share showing a loss of 0.04 yuan [1] - As of the report date, the company's market capitalization stood at 6.2 billion yuan [2] Group 2 - The Chinese innovative drug sector has seen significant overseas licensing sales reaching 80 billion USD this year [2] - There is a contrast in the biopharmaceutical secondary market being active while the primary market is experiencing a fundraising slowdown [2]

申万宏源证券承销保荐有限责任公司 关于杭州光云科技股份有限公司 2022 年以简易程序向特定对象发行股票 募投项目内部投资结构调整及募投项目延期的核查意见 申万宏源证券承销保荐有限责任公司（以下简称"申万宏源承销保荐"、"保 荐机构"）作为杭州光云科技股份有限公司（以下简称"光云科技"、"公司"）以 简易程序向特定对象发行股票的保荐机构，根据《证券发行上市保荐业务管理 办法》《上市公司募集资金监管规则》《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》等相关 文件的要求，对光云科技2022年以简易程序向特定对象发行股票募投项目内部 投资结构调整及募投项目延期的事项进行了核查，核查情况及核查意见如下： 一、募集资金基本情况 经中国证券监督管理委员会证监许可〔2023〕306 号文核准，公司向特定对 象发行人民币普通股（A股）24,824,684.00股，发行价格为每股人民币7.13元， 募集资金总额为人民币 176,999,996.92 元，扣除发行费用（不含增值税）人民币 5,137,480.84 元，募集资金净额为人民币 171,862,516.08 元 ...

●会议召开时间：2025年11月03日（星期一）上午11:00-12:00 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。 重要内容提示： 证券代码：688365 证券简称：光云科技 公告编号：2025-059 杭州光云科技股份有限公司 关于召开2025年第三季度业绩说明会的公告 ●会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） ●会议召开方式：上证路演中心网络互动 ●投资者可于2025年10月27日(星期一) 至10月31日(星期五)16:00前登录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 gyir@raycloud.com进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 杭州光云科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 25 日 发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、财务状况，公司计划于 ...

证券代码：688365 证券简称：光云科技 公告编号：2025-058 杭州光云科技股份有限公司 关于 2022 年以简易程序向特定对象发行股票 募投项目内部投资结构调整及募投项目延期的公告 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"）于 2025 年 10 月 24 日召开第 四届董事会第二次会议，审议通过了《关于募投项目内部投资结构调整及募投项 目延期的议案》，同意公司在不改变募集资金投向的前提下，调整 2022 年以简 易程序向特定对象发行股票募集资金投资项目（以下称"募投项目"）内部投资 结构，并对募投项目进行延期。保荐机构申万宏源证券承销保荐有限责任公司（以 下简称"申万宏源承销保荐"）对本事项出具了明确的核查意见。该事项无需提 交公司股东会审议。现将相关情况公告如下： 一、募集资金基本情况 经中国证券监督管理委员会证监许可〔2023〕306 号文核准，公司向特定对 象发行人民币普通股（A 股）24,824,684.00 股，发行价格为每股人民币 7.13 元， 募 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥142,636,538.74, representing a year-on-year increase of 21.02%[4] - The total profit for the period was -¥5,838,134.96, with a year-to-date total profit of -¥21,560,395.32[4] - The net profit attributable to shareholders was -¥2,918,472.35 for the quarter, and -¥15,031,890.09 year-to-date[4] - Total operating revenue for the first three quarters of 2025 reached ¥405,059,016.64, an increase of 14.9% compared to ¥352,628,961.26 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was a loss of ¥19,983,268.71, an improvement from a loss of ¥58,545,101.19 in the same period of 2024[21] - The company’s basic earnings per share for the first three quarters of 2025 was -¥0.04, an improvement from -¥0.13 in the same period of 2024[22] - The total comprehensive income attributable to the parent company was not specified but reflects ongoing challenges in profitability despite operational improvements[22] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥51,613,214.78, showing an increase of 90.82%[4] - The company reported a significant increase in cash inflow from operating activities, totaling ¥511,158,816.93, compared to ¥427,018,386.34 in the previous year, marking a growth of 19.7%[23] - The net cash flow from operating activities was $51,613,214.78, an increase of 91% compared to $27,047,838.58 in the previous period[24] - The company reported a total cash outflow from operating activities of $459,545,602.15, an increase of 14.9% from $399,970,547.76[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,770,648,755.63, reflecting a 10.44% increase from the previous year[5] - The company's current assets totaled RMB 418,315,362.98, a decrease from RMB 439,431,570.54 in the previous period, indicating a decline of about 4.55%[16] - The total liabilities were reported at RMB 418,315,362.98, with current liabilities including short-term borrowings of RMB 173,188,777.77, which increased from RMB 166,433,418.34[16] - The total liabilities increased to ¥830,918,015.07 from ¥649,905,474.09, representing a growth of 27.8%[18] - The total equity attributable to shareholders decreased to ¥947,581,775.40 from ¥956,250,133.87, a decline of 0.7%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,903[12] - The largest shareholder, Hangzhou Guangyun Investment Co., Ltd., held 36.24% of the shares[12] - The company reported a total of 154,320,840 shares held by Hangzhou Guangyun Investment Co., Ltd., making it the largest shareholder[14] - The company has not disclosed any significant changes in the shareholding structure or any related party transactions among the top shareholders[14] Research and Development - Research and development expenses totaled ¥39,981,489.13 for the quarter, accounting for 28.03% of operating revenue[5] - Research and development expenses for the first three quarters of 2025 were ¥85,049,000.36, slightly up from ¥84,623,424.12 in 2024, indicating a focus on innovation[20] Cash and Investment Activities - Cash and cash equivalents were reported at RMB 112,794,466.30, down from RMB 221,147,985.31, representing a significant decrease of approximately 48.9%[15] - Total cash inflow from investment activities was $590,543,587.45, down 7.9% from $641,297,899.56[24] - The net cash flow from investment activities was -$194,643,873.27, showing a slight improvement from -$194,723,480.53 in the previous period[24] - The total cash outflow from investment activities was $785,187,460.72, a decrease of 6.1% from $836,021,380.09[24] - The cash outflow for the repayment of debts was $237,497,765.37, an increase of 16.9% compared to $203,089,730.36[24] Accounting Standards - The company will implement new accounting standards starting in 2025, which may affect the financial statements[25]

Core Viewpoint - The announcement details the completion of the second lock-up period for the 2023 employee stock ownership plan of Hangzhou Guangyun Technology Co., Ltd, allowing for the unlocking of shares based on performance metrics [1][5][12]. Summary of Relevant Sections Employee Stock Ownership Plan Overview - The employee stock ownership plan was approved in meetings held on July 26, 2023, and September 11, 2023, with details disclosed on the Shanghai Stock Exchange [1]. - As of the announcement date, the plan holds 2,576,600 shares, representing 0.61% of the company's total equity [3]. Lock-up Period and Unlocking Conditions - The stock unlocking occurs in three phases: 40% after 12 months, 30% after 24 months, and 30% after 36 months from the last transfer of shares to the plan [4]. - The second lock-up period ended on September 29, 2025, allowing for the unlocking of 807,210 shares, which is approximately 0.19% of the total equity [5]. Performance Assessment - The company-level performance targets for the second unlocking phase were fully met, achieving a 100% unlocking ratio [5][12]. - Individual performance assessments resulted in 51 out of 58 participating employees achieving an "A" rating, leading to a 100% unlocking ratio for those individuals [6]. Subsequent Arrangements and Trading Restrictions - Following the unlocking, the management committee will decide on the timing for selling the unlocked shares, distributing proceeds according to ownership shares [7]. - There are specific trading restrictions during sensitive periods, including prior to financial report announcements and during significant corporate events [7]. Plan Duration, Changes, and Termination - The plan is set to last for 60 months, with provisions for extension if necessary [8]. - Any changes to the plan require approval from two-thirds of the participating shareholders [9]. - The plan will terminate automatically after the duration or upon complete sale of the shares [10][11]. Board Committee Opinion - The board's remuneration and assessment committee confirmed that the unlocking conditions were met in compliance with the plan's regulations, ensuring no harm to the interests of shareholders [12]. Other Notes - The company will continue to monitor the implementation of the stock ownership plan and fulfill disclosure obligations as required by law [13].

证券代码：688365 证券简称：光云科技 公告编号：2025-057 杭州光云科技股份有限公司 关于 2023 年员工持股计划首次受让股份 第二个锁定期届满暨解锁条件成就的公告 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（下称"公司"）2023 年员工持股计划（以下 简称"本次员工持股计划"、"本员工持股计划"或"本持股计划"）首次受让 股份第二个锁定期已届满，解锁条件已成就。现将相关事项公告如下： 一、本员工持股计划的相关情况 1、公司于 2023 年 7 月 26 日召开公司第三届董事会第十四次会议和第三届 监事会第十三次会议、2023 年 9 月 11 日召开公司 2023 年第一次临时股东大会， 审议通过了《关于公司<2023 年员工持股计划（草案）>及其摘要的议案》及相 关议案，具体内容详见公司于 2023 年 7 月 27 日、2023 年 9 月 12 日在上海证券 交易所网站（www.sse.com.cn）披露的相关公告。 第一批解锁时点：为自公司公告首次受让部分最后一笔标的 ...

Core Insights - The IT services sector experienced a 0.91% increase on September 25, with Haoyun Technology leading the gains [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] IT Services Sector Performance - Haoyun Technology (300448) closed at 7.00, up 6.38%, with a trading volume of 558,300 shares and a transaction value of 386 million [1] - Other notable gainers included: - Yanshan Technology (002195) at 8.20, up 5.67% [1] - ST Diweixun (300167) at 6.04, up 5.59% [1] - ST Yilianzhong (300096) at 6.25, up 5.22% [1] - Guangyun Technology (688365) at 16.10, up 4.34% [1] Capital Flow Analysis - The IT services sector saw a net inflow of 294 million from institutional investors, while retail investors experienced a net outflow of 12.43 million [2] - Key stocks with significant capital flow included: - Digital China (000034) with a net inflow of 297 million from institutional investors [3] - Yanshan Technology (002195) with a net inflow of 284 million [3] - Han's Information (300170) with a net inflow of 189 million [3]

Core Insights - Guangyun Technology's stock increased by 5.12% on September 25, reaching a price of 16.22 CNY per share, with a trading volume of 83.7952 million CNY and a turnover rate of 1.25%, resulting in a total market capitalization of 6.907 billion CNY [1] Company Overview - Guangyun Technology Co., Ltd. is located in Hangzhou, Zhejiang Province, and was established on August 29, 2013, with its listing date on April 29, 2020 [1] - The company's main business involves providing SaaS products for e-commerce merchants based on an e-commerce platform, along with supplementary hardware, operational services, and CRM SMS as value-added products and services [1] - The revenue composition of the main business is as follows: SaaS products 86.07%, supplementary hardware 11.40%, CRM SMS 1.18%, operational services 0.81%, and others 0.54% [1] Fund Holdings - Guodu Securities has one fund heavily invested in Guangyun Technology, specifically Guodu Jucheng (011389), which held 36,000 shares in the second quarter, accounting for 5.37% of the fund's net value, making it the fourth-largest holding [2] - Guodu Jucheng was established on March 25, 2021, with a latest scale of 10.2022 million CNY, achieving a year-to-date return of 9.97% and a one-year return of 16.05% [2] - The fund's performance rankings are 5843 out of 8173 for year-to-date returns and 6120 out of 8003 for one-year returns, with a cumulative loss of 45.62% since inception [2] Fund Manager Performance - The fund managers of Guodu Jucheng include Liao Xiaodong, Zhang Xiaolei, and Gong Yongjin, with varying tenures and performance records [2] - Liao Xiaodong has a tenure of 5 years and 135 days, with a total fund asset size of 19.985 million CNY, achieving a best return of -24.14% and a worst return of -64.07% during his tenure [2] - Zhang Xiaolei has a tenure of 6 years and 285 days, with the same total fund asset size, achieving a best return of 80.09% and a worst return of -23.54% [2] - Gong Yongjin has a tenure of 1 year and 176 days, with a total fund asset size of 10.2033 million CNY, achieving a consistent return of 6.99% [2]

Core Points - Guangyun Technology (688365.SH) reported a revenue of 262.24 million yuan for the first half of 2025, representing a year-on-year increase of 11.78% [1][2] - The net profit attributable to shareholders was -12.11 million yuan, an improvement from -34.46 million yuan in the same period last year [1][2] - The net cash flow from operating activities was 35.90 million yuan, showing a significant increase of 218.54% year-on-year [1][2] Financial Performance - Revenue for the first half of 2025 was 262.42 million yuan, compared to 234.76 million yuan in the previous year, marking an increase of 11.78% [2] - Total profit for the period was -15.72 million yuan, improving from -37.05 million yuan year-on-year [2] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -12.53 million yuan, compared to -35.29 million yuan in the previous year [2] - Historical revenue from 2021 to 2024 was 545 million yuan, 494 million yuan, 475 million yuan, and 478 million yuan respectively [2] - Historical net profit attributable to shareholders for the same period was -59.54 million yuan, -179 million yuan, -18.45 million yuan, and -82.05 million yuan respectively [2] Capital Raising Activities - Guangyun Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 29, 2020, with an initial offering price of 10.80 yuan per share [3] - The total amount raised from the IPO was 433.08 million yuan, with a net amount of 369.55 million yuan after deducting issuance costs [3] - In 2022, the company issued 24,824,684 shares at a price of 7.13 yuan per share, raising a total of 176.99 million yuan, with a net amount of 171.86 million yuan after costs [4]