证券代码：688615 证券简称：合合信息 公告编号：2025-045 上海合合信息科技股份有限公司 持股 5%以上股东减持股份计划公告 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： 5%以上股东持股的基本情况 截至本公告日，上海合合信息科技股份有限公司（以下简称"公司"或"合 合信息"）股东东方富海（芜湖）股权投资基金（有限合伙）（以下简称"东方富 海"）持有公司 7,094,745 股，占公司总股本的 5.07%，东方富海（芜湖）二号 股权投资基金（有限合伙）（以下简称"东方富海二号"）持有公司 3,338,685 股，占公司总股本的 2.38%。东方富海与东方富海二号系由同一执行事务合伙人 东方富海（芜湖）股权投资基金管理企业（有限合伙）管理的私募基金，合计持 有公司 7.45%的股份，股份来源为公司首次公开发行前取得的股份及资本公积转 增股本取得的股份，上述股份已于 2025 年 9 月 26 日起上市流通。 减持计划的主要内容 若减持期间公司有送股、资本公积转增股本、配股等股份变动事 ...

Core Insights - The collaboration between Nanjing University and Shanghai Hehe Information Technology Co., Ltd. aims to address the growing demand for high-quality technology talent in the AI sector, emphasizing the integration of education and industry [1][2] - The establishment of an employment internship base is a strategic move to create a deep and lasting partnership between academia and industry, focusing on innovative talent cultivation [1] Group 1 - The signing ceremony included key representatives from both Nanjing University and Hehe Information, highlighting the importance of industry-driven educational integration [1] - Nanjing University aims to develop a collaborative community that focuses on creating a curriculum aligned with industry needs and fostering practical experiences [1] Group 2 - Technical experts from both parties engaged in academic discussions on cutting-edge topics such as intelligent document processing methods, financial risk control driven by large models, and detection of image and document tampering [2] - Future research will focus on exploring new solutions for industry-relevant issues through in-depth studies of these topics [2]

Market Overview - On September 26, the software development sector declined by 2.41%, with Hehe Information leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - The top gainers in the software development sector included: - Pincake Technology (Code: 60T8889) with a closing price of 70.68, up 20.00% [1] - Weide Information (Code: 688171) with a closing price of 57.10, up 9.93% [1] - Youkeshu (Code: 300209) with a closing price of 7.00, up 8.70% [1] - The top losers included: - Hehe Information (Code: 688615) with a closing price of 154.50, down 10.10% [2] - Gai Lun Electronics (Code: 688206) with a closing price of 43.30, down 6.78% [2] - Zhongdian Xindong (Code: 002298) with a closing price of 12.86, down 6.74% [2] Capital Flow - The software development sector experienced a net outflow of 5.358 billion yuan from institutional investors, while retail investors saw a net inflow of 3.747 billion yuan [2][3] - Notable capital flows included: - Daily Interaction (Code: 300766) with a net inflow of 92.25 million yuan from institutional investors [3] - Weide Information (Code: 688171) with a net inflow of 37.64 million yuan from institutional investors [3]

Group 1 - The trading volume of Hohhot Information Technology Co., Ltd. reached 1.003 billion RMB, marking a new high since October 14, 2024 [2] - The latest stock price decreased by 9.31%, with a turnover rate of 6.47% [2] - The previous trading day's total trading volume was 859 million RMB [2] Group 2 - Hohhot Information Technology Co., Ltd. was established on August 8, 2006, with a registered capital of 140 million RMB [2]

Market Overview - On September 25, the software development sector rose by 1.2%, led by Pinming Technology, while the Shanghai Composite Index closed at 3853.3, down 0.01% [1] - The Shenzhen Component Index closed at 13445.9, up 0.67% [1] Top Performers - Pinming Technology (6018889) closed at 58.90, with a significant increase of 20.01% and a trading volume of 54,100 shares, amounting to a transaction value of 313 million yuan [1] - Other notable gainers include: - Zhongdian Xilong (002298) at 13.79, up 9.97% [1] - Youkeshu (300209) at 6.44, up 9.90% [1] - Hehe Information (688615) at 171.85, up 8.63% [1] - Jiafa Education (300559) at 16.93, up 8.11% [1] Underperformers - ST Dongtong (300379) closed at 2.45, down 9.26% with a trading volume of 1,380,100 shares [2] - Other notable decliners include: - Gaoweida (300465) at 23.87, down 7.41% [2] - Lais Information (688631) at 91.98, down 5.29% [2] Capital Flow - The software development sector experienced a net outflow of 183 million yuan from institutional investors and 450 million yuan from speculative funds, while retail investors saw a net inflow of 633 million yuan [2][3] - Key stocks with significant capital flow include: - Youke Network (600588) with a net inflow of 9.87 million yuan from institutional investors [3] - Dingjie Smart (300378) with a net inflow of 207 million yuan [3] - Tuolsi (300229) with a net inflow of 149 million yuan [3]

Core Points - The Shanghai Composite Index closed at 3856.39 points, above the six-month moving average, with a slight increase of 0.07% [1] - A total trading volume of A-shares reached 19663.10 billion yuan today [1] - 49 A-shares have surpassed the six-month moving average, with notable stocks showing significant deviation rates [1] Summary of Key Stocks - **Top Performers**: - HaHuanHuaTong (301137) increased by 19.99% with a deviation rate of 15.90% - Nasda (002180) rose by 7.49% with a deviation rate of 6.53% - HeHe Information (688615) gained 9.91% with a deviation rate of 6.29% [1] - **Other Notable Stocks**: - Zhongzhou Special Materials (300963) up by 11.36% with a deviation rate of 4.55% - Honglin Electric (301439) increased by 5.81% with a deviation rate of 4.53% [1] Stocks with Smaller Deviations - **Minor Deviations**: - HaiKan Co. (300320) increased by 2.36% with a deviation rate of 2.09% - ZheJing Pharmaceutical (688266) rose by 2.65% with a deviation rate of 1.69% - GuanglianDa (002410) up by 1.80% with a deviation rate of 1.51% [1][2]

Core Insights - On September 24, Hohhot Information saw a stock price increase of 2.79% with a trading volume of 213 million yuan [1] - The company reported a financing buy-in amount of 24.55 million yuan and a financing repayment of 30.38 million yuan, resulting in a net financing buy of -5.82 million yuan [1] - As of September 24, the total margin balance for Hohhot Information was 344 million yuan, accounting for 7.77% of its market capitalization [1] Company Overview - Shanghai Hohhot Information Technology Co., Ltd. was established on August 8, 2006, and is located in Shanghai and Hong Kong [2] - The company specializes in intelligent text recognition and commercial big data technologies, providing digital and intelligent products and services to both C-end users and B-end clients [2] - The revenue composition includes: 81.65% from intelligent text recognition C-end products, 9.44% from commercial big data B-end products and services, 4.87% from intelligent text recognition B-end products and services, 3.48% from commercial big data C-end products, and 0.38% from other sources [2] Financial Performance - For the first half of 2025, Hohhot Information achieved a revenue of 843 million yuan, representing a year-on-year growth of 22.51% [2] - The net profit attributable to the parent company was 235 million yuan, with a year-on-year increase of 6.63% [2] - Cumulative cash dividends since the A-share listing amount to 200 million yuan [3] Shareholder Structure - As of June 30, 2025, the number of shareholders was 8,894, a decrease of 4.82% from the previous period [2] - The top circulating shareholder is Taixin Small and Medium Cap Selected Mixed Fund, holding 1.18 million shares, an increase of 385,000 shares from the previous period [3] - New entrants among the top shareholders include Morgan Stanley Digital Economy Mixed Fund, holding 606,500 shares [3]

Company Overview - Hohhot Information Technology Co., Ltd. is located in Shanghai and was established on August 8, 2006. The company focuses on intelligent text recognition and commercial big data technologies, providing digital and intelligent products and services to both C-end users and various B-end clients [1][2] - The company's main business revenue composition includes: C-end intelligent text recognition products (81.65%), B-end commercial big data products and services (9.44%), B-end intelligent text recognition products and services (4.87%), C-end commercial big data products (3.48%), and other (0.55%) [1] Financial Performance - For the first half of 2025, Hohhot Information achieved operating revenue of 843 million yuan, representing a year-on-year growth of 22.51%. The net profit attributable to shareholders was 235 million yuan, with a year-on-year increase of 6.63% [2] - As of June 30, 2025, the company has distributed a total of 200 million yuan in dividends since its A-share listing [3] Stock Performance - As of September 24, the stock price of Hohhot Information increased by 2.00%, reaching 156.98 yuan per share, with a total market capitalization of 21.977 billion yuan [1] - Year-to-date, the stock price has risen by 9.65%, but it has seen a decline of 4.11% over the last five trading days and a 12.91% drop over the last 20 days [1] Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 4.82% to 8,894, while the average circulating shares per person increased by 47.08% to 3,148 shares [2] - The top circulating shareholder is Taixin Small and Medium Cap Selected Mixed Fund, holding 1.18 million shares, an increase of 385,000 shares from the previous period [3]

Market Performance - The new stock index fell by 0.62% in the third week of September, marking three consecutive weeks of decline[7] - The Shanghai Composite Index dropped by 1.30% during the same period, with significant pullbacks in major financial sectors like banks and insurance[7] - Over 60% of the components in the new stock index experienced declines in the same week[7] Trading Activity - Trading activity in the new stock market increased, with turnover rates for the new stock index and near-term new stock index rising by 2.67 percentage points and 3.94 percentage points, respectively[17] - The trading volume for the new stock index and near-term new stock index increased by 172 million shares and 138 million shares, respectively, compared to the previous week[20] - The net active selling in the new stock sector was 2.866 billion yuan, a decrease of 1.216 billion yuan from the previous week[22] Upcoming Unlocks - In the fourth week of September, 8 new stocks are expected to unlock, with a total market value of approximately 188.59 billion yuan[34] - The largest unlock will be for Hehe Information, with a market value of 10.835 billion yuan, contributing significantly to the overall unlock scale[34] Investor Returns - From January to September 2025, A/B class investors achieved average returns of 6.7555 million yuan and 6.1804 million yuan per account, with the Shanghai market leading in returns[38] - The average price-to-earnings (P/E) ratio for the new stock index was 62.3X, while the near-term new stock index was at 39.6X, indicating valuation disparities[14]

Monetary Policy - The People's Bank of China announced adjustments to the 14-day reverse repurchase operations to maintain ample liquidity in the banking system, implementing fixed quantity and interest rate bidding with multiple price levels starting from September 19 [1] Government Policies - The State Council held a meeting to discuss the implementation of domestic product standards in government procurement, emphasizing fair competition and the need for a reasonable transition period for businesses to adapt [2] - The meeting also approved the draft revision of the Banking Supervision Law, aiming to enhance the stability of financial institutions and protect consumer rights [2] Pharmaceutical Industry - The 11th batch of national drug centralized procurement includes 55 drugs, with a focus on balancing price and quality, and introduces measures to prevent price wars and ensure compliance with GMP standards [3] Stock Market Regulations - Four A-share companies, including Fudan Forward and Creative Information, will face risk warnings and trading suspensions due to financial fraud, reflecting a strict regulatory stance against such activities [4] Immigration Policy - The U.S. has significantly increased the H-1B visa application fee to $100,000, impacting major tech companies that rely on foreign talent, with the fee applicable only to new applications [5] Real Estate Market - Shanghai's authorities announced adjustments to property tax policies to support housing demand, including tax exemptions for certain high-level talent and first-time homebuyers [6][7] Stock Market Performance - U.S. stock indices reached new historical highs, with significant gains in major tech stocks, while Chinese concept stocks showed mixed performance [8] Upcoming Financial Announcements - A press conference on the achievements of the financial sector during the 14th Five-Year Plan will be held on September 22, along with the announcement of the Loan Prime Rate (LPR) [9][10] IPO and Stock Unlocking - The China Securities Regulatory Commission approved IPO registrations for two companies, and over 600 billion yuan worth of restricted shares will be unlocked this week, with significant unlocks from companies like Hehe Information and Ziyuan Food [11][12][13][14]