Core Viewpoint - The company plans to repurchase shares through centralized bidding, with a budget of 20 million to 40 million yuan, aimed at employee stock ownership plans or equity incentives [1] Group 1 - The board of directors approved the share repurchase on October 29, 2025, with a repurchase period extending until October 28, 2026 [1] - On December 3, the company executed its first share repurchase, acquiring 15,703 shares, which represents 0.0143% of the total share capital [1] - The repurchase price ranged from 25.95 yuan to 25.99 yuan per share, with a total expenditure of 407,823 yuan [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 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： ■ 一、回购股份的基本情况 2025年10月29日，深圳市三旺通信股份有限公司（以下简称"公司"）召开第三届董事会第七次会议，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》，同意公司使用自有资金和自筹资金 （含股票回购专项贷款资金等）通过上海证券交易所系统以集中竞价交易方式回购公司已发行的部分人 民币普通股（A股）股票，并将回购股份在未来适宜时机全部用于实施股权激励或员工持股计划。本次 回购股份的资金总额不低于人民币2,000万元（含），不超过人民币4,000万元（含），回购股份的价格 不超过人民币36元/股（含），回购期限自公司董事会审议通过本次回购股份方案之日起12个月内。 三、其他事项 公司将严格按照《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第7号一一回购股 份》等相关规定，在回购期限内根据市场情况择机做出回购决策并予以实施，同时根据回购股份事项进 展情况及时履行信息披露义务， ...

Group 1 - The core point of the article is that Sanwang Communication announced that as of November 30, 2025, the company has not repurchased its shares through the centralized bidding trading method on the Shanghai Stock Exchange [2] Group 2 - The announcement was made on the evening of December 2 [2] - The company is under scrutiny regarding its share repurchase activities [2] - The lack of share repurchase may impact investor sentiment and market perception [2]

（记者 曾健辉） 每经头条（nbdtoutiao）——股民发帖求主力拉涨停，次日竟成真！襄阳轴承涨停迷局背后：平台审核 漏洞与市场操纵疑云发酵 每经AI快讯，三旺通信12月2日晚间发布公告称，截至2025年11月30日，公司尚未通过上海证券交易所 系统以集中竞价交易方式回购公司股份。 ...

证券代码：688618 证券简称：三旺通信 公告编号：2025-058 深圳市三旺通信股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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。 | 回购方案首次披露日 | 2025/10/31 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 10 月 | 月 | 29 | 日~2026 | 年 | 10 | 28 日 | | 预计回购金额 | 2,000万元~4,000万元 | | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | | | □为维护公司价值及股东权益 | | | | | | | | 累计已回购股数 | 0股 | | | | | | | | 累计已回购股数占总股本比例 | 0% | | | | | | | | 累计已回购金额 | 0元 | | | | | | | ...

Core Viewpoint - Sanwang Communication (688618.SH) has not yet repurchased its shares through the centralized bidding trading method on the Shanghai Stock Exchange as of November 30, 2025 [1] Group 1 - The company announced its share repurchase status as of November 30, 2025 [1]

Core Viewpoint - Sanwang Communication announced a share repurchase plan to support employee stock ownership plans or equity incentives, with an expected repurchase amount between 20 million to 40 million yuan and a maximum repurchase price of 36 yuan per share, valid for 12 months from the board's approval date [1] Summary by Relevant Sections - **Share Repurchase Plan** - The board approved a share repurchase plan on October 29, 2025, using centralized bidding [1] - The expected repurchase amount is between 20 million to 40 million yuan [1] - The maximum repurchase price is set at 36 yuan per share [1] - The repurchase period is 12 months from the board's approval [1] - **Current Status of Repurchase** - As of November 30, 2025, the company has not repurchased any shares [1] - The total number of shares repurchased is 0, representing 0% of the total share capital [1] - The total amount spent on repurchase is 0 yuan [1]

Core Viewpoint - Sanwang Communication's stock price has experienced fluctuations, with a recent decline of 2.11% despite a year-to-date increase of 29.21% [1][2]. Company Overview - Sanwang Communication, established on September 6, 2001, and listed on December 30, 2020, is located in the Baowangxin High-tech Industrial Park, Nanshan District, Shenzhen, Guangdong Province [2]. - The company specializes in the research, development, production, and sales of industrial internet communication products [2]. Financial Performance - For the period from January to September 2025, Sanwang Communication achieved operating revenue of 262 million yuan, representing a year-on-year growth of 7.20% [2]. - The net profit attributable to the parent company was 34.87 million yuan, reflecting a year-on-year increase of 4.78% [2]. - The company has distributed a total of 115 million yuan in dividends since its A-share listing, with cumulative distributions of 76.72 million yuan over the past three years [2]. Stock Performance - As of December 2, the stock price was 26.94 yuan per share, with a market capitalization of 2.968 billion yuan [1]. - The stock has seen a trading volume of 5.3789 million yuan and a turnover rate of 0.18% [1]. - The number of shareholders as of September 30 was 4,699, a decrease of 0.25% from the previous period, while the average circulating shares per person increased by 0.26% to 23,419 shares [2]. Business Segmentation - The main revenue composition includes industrial switching products (76.60%), industrial gateways and wireless products (18.07%), and other products (5.33%) [2]. - Sanwang Communication operates within the communication equipment sector, specifically in communication network devices and components [2].

Core Viewpoint - Sanwang Communication stated on November 24 that it will disclose shareholder information at specific points in time in its regular reports to ensure all investors receive equal access to company information [1] Group 1 - The company aims to maintain transparency by providing shareholder information in regular reports [1]

Core Viewpoint - Sanwang Communication emphasizes the importance of continuous investment in R&D to keep up with market demands and industry trends in the industrial internet communication sector, which is characterized by high technical barriers and talent intensity [2]. Group 1: Industry Characteristics - The industrial internet communication industry is technology and talent-intensive, requiring significant R&D investment to meet customer needs and adapt to industry changes [2]. - The industry has high technical barriers, necessitating ongoing innovation and development to maintain competitiveness [2]. Group 2: Company Strategy - To accelerate the layout of new technologies and seize market opportunities, the company is increasing its investment in R&D for new technologies and products [2]. - The rise in R&D expenses is a direct result of the company's strategy to enhance its technological capabilities and product offerings [2]. Group 3: Reporting and Transparency - Investors are encouraged to refer to the company's annual and semi-annual reports on the Shanghai Stock Exchange for detailed information on ongoing projects and R&D progress, specifically in the "Management Discussion and Analysis" section [2].