集体业绩说明会的公告 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、准确性和完整性承担法律责任。 重要内容提示： 证券代码：688615 证券简称：合合信息 公告编号：2025-040 上海合合信息科技股份有限公司 关于参加 2025 年半年度科创板人工智能行业 ? 会议召开时间：2025 年 9 月 9 日（星期二）15:00-17:00 ? 会议召开地点：上海证券交易所上证路演中心（网址：https://roa dshow.sseinfo.com/） ? 会议召开方式：上证路演中心网络文字互动 ? 投资者可于 2025 年 9 月 2 日（星期二）至 9 月 8 日（星期一）1 海合合信息科技股份有限公司（以下简称"公司"）邮箱 ir@intsig.n et 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。 公司已于 2025 年 8 月 29 日在上海证券交易所网站（www.sse.co m.cn）发布公司 2025 年半年度报告，为便于广大投资者更全面深入 地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 行业 ...

Core Viewpoint - The report outlines the continuous supervision and compliance of Shanghai Hehe Information Technology Co., Ltd. (Hehe Information) by China International Capital Corporation (CICC), indicating that the company has adhered to legal and regulatory requirements during the supervision period [1][2][3]. Continuous Supervision Work - CICC has established a robust continuous supervision system and executed a corresponding work plan in compliance with relevant regulations [1][3]. - During the supervision period, Hehe Information did not encounter any violations or breaches of commitments [2][3]. - CICC conducted regular communications, site inspections, and due diligence to monitor Hehe Information's business conditions [3][4]. Financial Performance - For the first half of 2025, Hehe Information reported a revenue of approximately 843.1 million yuan, a 22.51% increase from 688.2 million yuan in the same period of 2024 [11]. - The net profit attributable to shareholders was approximately 235.4 million yuan, reflecting a 6.63% increase from 220.7 million yuan year-on-year [11]. - The net cash flow from operating activities was about 187.1 million yuan, up 17.61% from 159.1 million yuan in the previous year [11]. Core Competitiveness - The company emphasizes long-term commitment to AI technology research and development, enhancing product competitiveness and establishing a strong industry moat [12][15]. - Hehe Information has a broad user base for its consumer products, which contributes to high user retention and brand loyalty [12][13]. - The company has developed standardized B-end products that enhance market competitiveness across various industries [14][15]. Research and Development - Hehe Information has increased its R&D expenditure to maintain its core competitiveness, with R&D expenses for the first half of 2025 reflecting a commitment to innovation [17]. - As of June 30, 2025, the company held 113 patents in China, with 90 being invention patents, indicating a strong focus on proprietary technology [17]. Fundraising and Compliance - As of June 30, 2025, the company had a balance of approximately 480.4 million yuan in its fundraising account, demonstrating compliance with relevant regulations regarding the use of raised funds [18][23]. - The total amount raised, including issuance costs, was approximately 1.38 billion yuan, with specific allocations for various projects [19][20].

证券代码：688615 证券简称：合合信息 公告编号：2025-040 上海合合信息科技股份有限公司 关于参加 2025 年半年度科创板人工智能行业 集体业绩说明会的公告 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、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2025 年 9 月 9 日（星期二）15:00-17:00 会议召开地点：上海证券交易所上证路演中心（网址：https://roa dshow.sseinfo.com/） 会议召开方式：上证路演中心网络文字互动 投资者可于 2025 年 9 月 2 日（星期二）至 9 月 8 日（星期一）1 6:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过上 海合合信息科技股份有限公司（以下简称"公司"）邮箱 ir@intsig.n et 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。 公司已于 2025 年 8 月 29 日在上海证券交易所网站（www.sse.co m.cn）发布公司 2025 年半年度报告，为便于广大投资者更全面深入 地了解公司 2025 年半年 ...

中国国际金融股份有限公司 关于上海合合信息科技股份有限公司 2025 年半年度持续督导跟踪报告 中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）根据《证 券发行上市保荐业务管理办法》、《上海证券交易所科创板股票上市规则》和《上海 证券交易所上市公司自律监管指引第 11 号——持续督导》等相关规定对上海合合信 息科技股份有限公司（以下简称"合合信息"或"公司"）进行持续督导，并出具本持续 督导跟踪报告。 一、持续督导工作情况 | 序号 | 工作内容 | 持续督导情况 | 保荐机构已建立并 | | | --- | --- | --- | --- | --- | | 建立健全并有效执行持续督导工作制度，并针对具体的 | 有效执行了持续督 | 1 | 持续督导工作制定相应的工作计划 | 导制度，并制定了 | | 相应的工作计划 | 保荐机构已与合合 | | | | | 信息签订《保荐协 | 根据中国证监会相关规定，在持续督导工作开始前，与 | 议》，该协议明确了 | | | | 上市公司或相关当事人签署持续督导协议，明确双方在 | 双方在持续督导期 | 2 | 持续督导期间的权利义务，并报上海证券交易所 ...

Group 1 - The core point of the news is that Hehe Information's stock has experienced a decline of 2.55% on September 2, with a total market value of 23.842 billion yuan and a cumulative drop of 7.91% over three consecutive days [1] - Hehe Information, established on August 8, 2006, 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 [1] - The revenue composition of Hehe Information includes: C-end APP - Scan All-in-One 68.31%, commercial big data B-end business 10.41%, internet advertising revenue 9.05%, B-end services 5.21%, commercial big data APP revenue 4.45%, C-end APP - Business Card All-in-One 1.97%, mobile manufacturer technology authorization 0.37%, and others 0.24% [1] Group 2 - Morgan Stanley Fund has a position in Hehe Information, with the Morgan Stanley Digital Economy Mixed A Fund (017102) newly entering the top ten circulating shareholders, holding 606,500 shares, which is 2.17% of the circulating shares [2] - The fund has incurred a floating loss of approximately 2.7052 million yuan today and a cumulative floating loss of 8.8738 million yuan over the three-day decline [2] - The Morgan Stanley Digital Economy Mixed A Fund was established on March 2, 2023, with a latest scale of 2.386 billion yuan, achieving a year-to-date return of 65.8% and a one-year return of 126.52% [2]

Financial Performance - For the first half of 2025, the company's operating revenue reached approximately 843.1 million, a significant increase from 688.2 million in the same period last year, representing a growth of about 22.6% [1] - The total profit for the same period was approximately 250.8 million, compared to 236.0 million in the previous year, marking an increase of about 6.0% [1] - The net profit attributable to shareholders was approximately 235.4 million, up from 220.7 million, reflecting a growth of about 6.6% [1] - The net profit after deducting non-recurring gains and losses was approximately 211.5 million, compared to 205.5 million, indicating a growth of about 2.4% [1] - The net cash flow from operating activities was approximately 187.1 million, an increase of about 17.6% from 159.1 million in the previous year [26] Asset and Liability Changes - As of the end of the first half of 2025, the company's net assets attributable to shareholders were approximately 2.69 billion, up from 2.66 billion at the end of the previous year [1] - The company's cash and cash equivalents decreased by 23.71% compared to the end of the previous year, while trading financial assets increased by 19.75% [37] - Accounts receivable increased by 37.7%, while fixed assets decreased by 15.03% [37] Shareholder Changes - The top ten shareholders as of the end of the first half of 2025 included new entrants such as Morgan Stanley Digital Economy Mixed Securities Investment Fund and others, replacing previous shareholders [51] - The shareholding proportions of several funds increased, while others saw a decrease [51][52] Valuation Metrics - As of August 29, the company's price-to-earnings (P/E) ratio was approximately 59.21, the price-to-book (P/B) ratio was about 9.13, and the price-to-sales (P/S) ratio was approximately 15.43 [1]

Core Viewpoint - The Shanghai Hehe Information Technology Co., Ltd. has proposed a draft for the 2025 Restricted Stock Incentive Plan, which aims to align the interests of the core team and shareholders for sustainable development [1][3]. Group 1: Eligibility and Compliance - The company has verified that it meets the qualifications to implement the incentive plan, ensuring compliance with relevant laws and regulations [2][3]. - The incentive plan is applicable to directors, senior management, core technical personnel, and other individuals deemed necessary for motivation, excluding independent directors and certain major shareholders' relatives [2][3]. Group 2: Plan Details and Approval Process - The plan's formulation, review procedures, and content comply with the Company Law, Securities Law, and other relevant regulations, ensuring no harm to the interests of the company and all shareholders [3]. - The granting arrangements for restricted stocks, including quantity, grant date, price, tenure requirements, and vesting conditions, are in accordance with legal and regulatory standards [3]. - The plan requires approval from the company's shareholders' meeting before implementation [3].

Group 1 - The company held its 23rd meeting of the second board of directors on August 26, 2025, with all 9 directors present, and the meeting was chaired by Chairman Zhen Lixin [1][2] - The board approved the draft of the 2025 Restricted Stock Incentive Plan, which aligns with relevant laws and regulations, and is expected to benefit the company's sustainable development [2][5] - The board also approved the management measures for the implementation of the 2025 Restricted Stock Incentive Plan, ensuring its smooth execution and alignment with the company's governance structure [2][3] Group 2 - The board proposed to authorize the board to handle matters related to the 2025 Restricted Stock Incentive Plan, including determining eligibility, adjusting stock quantities, and managing the vesting process [5][6] - The board agreed to convene the second extraordinary general meeting of shareholders on September 17, 2025, to discuss the approved proposals [6][7]

Meeting Information - The second extraordinary general meeting of shareholders for 2025 will be held on September 17, 2025, at 14:00 [1] - The meeting will take place at the North Shanghai Hotel, 3rd Floor, Meeting Hall A, located at 277 Jiangchang West Road [1] - Voting will be conducted through a combination of on-site and online methods using the Shanghai Stock Exchange's voting system [1] Voting Procedures - Shareholders can vote via the Shanghai Stock Exchange's online voting system from 9:15 to 15:00 on the day of the meeting [1][3] - Specific voting times through the trading system are from 9:15-9:25, 9:30-11:30, and 13:00-15:00 [1] - Shareholders must complete identity verification to vote online for the first time [3] Agenda Items - The meeting will review several proposals, including the draft of the 2025 Restricted Stock Incentive Plan and its management measures [2] - The proposals have been approved by the company's board during its 23rd meeting [2] - Related announcements were disclosed on September 2, 2025, on the Shanghai Stock Exchange website and various financial newspapers [2] Attendance Requirements - Shareholders registered by the close of trading on September 11, 2025, are eligible to attend the meeting [3] - Shareholders can appoint a proxy to attend and vote on their behalf [3][4] - Registration for attendance must be completed by September 15, 2025, with specific documentation required [4] Additional Information - The company’s contact information for inquiries includes an address, phone number, and email [5] - An authorization letter template is provided for shareholders wishing to delegate their voting rights [6]

Core Viewpoint - The company aims to establish a long-term incentive mechanism that combines motivation and restraint to attract and retain talent, aligning the interests of shareholders, the company, and core team members for sustainable development [1][2]. Group 1: Incentive Plan Objectives - The incentive plan seeks to enhance employee motivation and integrate the interests of shareholders, the company, and core team members to promote sustainable development [2]. - The plan aims to strengthen company cohesion through the continuous promotion of a long-term incentive mechanism [2]. Group 2: Assessment Principles and Scope - The assessment will adhere to principles of fairness, justice, and transparency, closely linking the incentive plan to the performance and contributions of the incentivized individuals [2]. - The assessment applies to designated incentivized individuals, including directors, senior management, core technical personnel, and others deemed necessary by the board, excluding independent directors and certain shareholders' family members [2][3]. Group 3: Assessment Standards - The first assessment period for the restricted stock under the incentive plan is set for the fiscal years 2025 and 2026, with specific performance targets established for each year [3][4]. - The performance targets for the first assessment period in 2025 require a growth rate of no less than 35% and for 2026, no less than 55% [4]. Group 4: Performance Evaluation - The company-level performance assessment will determine the proportion of stock that can be vested based on the company's revenue growth rate, with specific thresholds set for vesting [4]. - Individual performance assessments will categorize results into three tiers (A, B, C), affecting the actual number of shares vested to each incentivized individual [4][5]. Group 5: Assessment Procedures and Results Management - The Human Resources Department will manage the assessment process under the guidance of the Board's Compensation and Assessment Committee, ensuring the integrity of the assessment results [5][6]. - Assessment results will be confidentially archived, with a feedback mechanism in place for individuals to understand and contest their results if necessary [6].