Group 1 - The company plans to jointly invest with related party Mr. Bai Bing to establish Suzhou Zhuiguang Times Venture Capital Partnership (Limited Partnership) with a proposed capital contribution of RMB 201 million to 311 million [1] - The company will contribute RMB 200 million to 310 million in cash, holding approximately 99.50% of Zhuiguang Times, while Mr. Bai Bing will contribute RMB 1 million, holding about 0.50% [1] - Zhuiguang Times is planning to increase its investment in Guangzi Suanshu (Nanjing) Technology Co., Ltd. by RMB 201 million to 311 million, holding equity in Guangzi Suanshu without controlling it [1] Group 2 - Guangzi Suanshu focuses on the construction and delivery of optical interconnection computing power cluster systems, achieving full-process domestic production for the optical electronics industry and domestic computing power construction [2] - The company has completed adaptations with several domestic AI chips, enabling high-speed interconnection between accelerator cards, thus constructing optical interconnection supernodes and cluster products [2] - The planned capital increase to Guangzi Suanshu will help the company achieve key technology autonomy, enhance computing power performance and customer experience, and expand high-value-added scenarios [2]

江苏迈信林航空科技股份有限公司 与关联方共同投资设立合伙企业并筹划向关联 方控制企业增资暨关联交易的公告 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： 投资标的名称及投资金额：江苏迈信林航空科技股份有限公司（以下简 称"公司"）拟与关联方白冰先生共同投资设立苏州追光时代创业投资合伙企业 （有限合伙）（暂定，以注册登记为准，以下简称"追光时代"或"合伙企业"）， 追光时代的拟认缴出资额为人民币 20,100 万元至 31,100 万元，其中公司以现金 方式出资人民币 20,000 万元至 31,000 万元，持有追光时代约 99.50%的份额； 白冰先生以现金方式出资人民币 100 万元，持有追光时代约 0.50%的份额。追光 时代设立后，筹划向光子算数（南京）科技有限公司（以下简称"光子算数"） 增资 20,100 万元至 31,100 万元，追光时代持有光子算数的股权，但不对其构成 控制权。 本次设立合伙企业系与关联方共同投资，构成关联交易，未构成《上市 公司重大资产重组管理办法》规定的重大资产重组。 截至 ...

一、本次股份质押登记的情况 证券代码：688685 证券简称：迈信林 公告编号：2025-059 江苏迈信林航空科技股份有限公司关于 股东部分股份完成质押登记的公告 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。 重要内容提示： 截至本公告披露日，江苏迈信林航空科技股份有限公司（以下简称"公 司"）股东徐迎辉先生持有公司股份 7,271,333 股，占公司当前总股本的 4.95%。 本次质押登记完成后，股东徐迎辉先生累计质押公司股份 7,270,000 股，占其持股总数的 99.98%，占公司当前总股本的 4.95%。 公司于近日获悉股东徐迎辉先生将所持有的公司部分股份办理了质押登记 手续，具体情况如下： | | 是否 | | | | | | | 占其 | 占公司 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名 | 为控 | 质押股数 | 是否 为限 | 是否 补充 | 质押起始 | 质押到期 | 质权人 | 所持 ...

Core Viewpoint - The company plans to establish a joint venture, Suzhou Zhuiguang Times Venture Capital Partnership, with an investment of 201 million to 311 million yuan, primarily to enhance its stake in Photon Computing (Nanjing) Technology Co., Ltd. [1] Group 1: Investment Details - The proposed investment amount for Zhuiguang Times is between 201 million and 311 million yuan, with the company contributing 200 million to 310 million yuan, holding approximately 99.5% of the partnership [1] - The partnership aims to increase its capital in Photon Computing by the same amount, 201 million to 311 million yuan [1] Group 2: Business Focus - Photon Computing specializes in the construction and delivery of optical interconnection computing cluster systems, providing a fully domestic solution for the optical electronics industry and domestic computing power construction [1] - The technology developed by Photon Computing overcomes the limitations of traditional electrical interconnection, effectively reducing transmission latency and improving computing power utilization [1]

证券代码：688685 证券简称：迈信林 公告编号：2025-058 江苏迈信林航空科技股份有限公司 关于召开2025年第三次临时股东会的通知 本公司董事会及全体董事保证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： 一、 召开会议的基本情况 （一） 股东会类型和届次 2025年第三次临时股东会 至2025 年 12 月 4 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过 股东会召开日期：2025年12月4日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 （二） 股东会召集人：董事会 （三） 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 （四） 现场会议召开的日期、时间和地点 互联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 召开日期时间：2025 年 12 月 4 日 14 点 00 分 召开地点：苏州市吴中区太湖街道溪虹路 1009 号 2 楼会 ...

每经AI快讯，11月18日，迈信林(688685.SH)公告称，公司拟与关联方白冰共同投资设立苏州追光时代 创业投资合伙企业（有限合伙），公司出资20,000万元至31,000万元，持有约99.50%份额；白冰出资 100万元，持有约0.50%份额。合伙企业设立后，筹划向光子算数（南京）科技有限公司增资20,100万元 至31,100万元，但不会对其构成控制权。此次交易构成关联交易，未构成重大资产重组，已通过董事会 审议，尚需提交股东会审议。 （文章来源：每日经济新闻） ...

迈信林公告，股东徐迎辉质押194万公司股份，占其持股总数的26.68%，占公司总股本的1.32%。质押 开始日为2025年11月14日，质押用途为个人资金需求。 ...

迈信林公告，公司拟与关联方白冰先生共同投资设立苏州追光时代创业投资合伙企业（有限合伙），追 光时代的拟认缴出资额为人民币2.01亿元至3.11亿元，其中公司以现金方式出资人民币2亿元至3.1亿 元，持有追光时代约99.50%的份额；白冰先生以现金方式出资人民币100万元，持有追光时代约0.50% 的份额。追光时代设立后，筹划向光子算数（南京）科技有限公司增资2.01亿元至3.11亿元，追光时代 持有光子算数的股权，但不对其构成控制权。 ...

Core Viewpoint - Jiangsu Maxinlin Aviation Technology Co., Ltd. has announced a passive dilution of shareholding for shareholders holding more than 5% due to the completion of the first vesting period of the 2024 restricted stock incentive plan, resulting in their shareholding falling below 5% [2][3][4] Group 1: Shareholder Information - The equity change is a result of the completion of the first vesting period of the 2024 restricted stock incentive plan, leading to an increase in the total share capital of the company [2][3] - Following the increase in total share capital to 146,851,667 shares, shareholders Bai Bing and Xu Yinghui's shareholding percentages decreased from 5.00% to 4.95%, thus no longer qualifying as shareholders holding more than 5% [3][4] Group 2: Impact on Company Structure - The equity change will not result in any changes to the company's controlling shareholder or actual controller, nor will it affect the company's governance structure and ongoing operations [5][6] - The equity change does not require shareholders to submit a simplified equity change report [6] Group 3: Pledge Release Announcement - Xu Yinghui holds 7,271,333 shares, representing 4.95% of the current total share capital, and has released a pledge on 1,940,000 shares, leaving a total of 5,330,000 shares pledged, which is 3.63% of the total share capital [9][10] - The company will fulfill its information disclosure obligations in case of any significant changes regarding the pledge [12]

Group 1: Computing Power Dynamics - The rental prices for computing power remain stable, with Tencent Cloud pricing at 5.73 RMB/hour for A100-40G configuration and Alibaba Cloud at 31.58 RMB/hour for a similar setup [14][16]. - Sina Weibo's AI team has open-sourced the VibeThinker-1.5B model, which has 1.5 billion parameters and a training cost of less than $8,000, achieving significant performance in logical reasoning tasks [15][28]. Group 2: AI Application Dynamics - Kimi's weekly traffic increased by 39.84%, making it the fastest-growing AI application in terms of user engagement [29][30]. - OpenAI's release of the GPT-5.1 series marks a significant advancement in human-computer interaction, with improvements in user experience and naturalness of dialogue [31][32]. Group 3: AI Financing Trends - AI code editor Cursor completed a $2.3 billion Series D funding round, achieving a valuation of $29.3 billion, driven by its innovative CursorXComposer dual-engine architecture [46][48]. Group 4: Investment Recommendations - Tencent reported a total revenue of 192.87 billion RMB for Q3 2025, a 15% year-on-year increase, with significant growth in its financial technology and enterprise services segments [58]. - Companies to watch include Yida Information (001314.SZ), Weike Technology (301196.SZ), and Nengke Technology (603859.SH), all showing strong growth potential in their respective fields [59][60].