Group 1 - The core viewpoint of the article is that Haitan Ruisheng (688787.SH) acknowledges that "The Dark Side of the Moon" has always been an important client for the company [1] - The company indicates that any data provided regarding its relationship with "The Dark Side of the Moon" should be verified with the information released by "The Dark Side of the Moon" itself [1]

格隆汇11月20日丨海天瑞声(688787.SH)在投资者互动平台表示，Google一直以来是公司的重要客户， 公司为其提供过语音以及文本相关的数据产品或服务，但公司相关数据是否用于其Gemini3，还请以 Google发布的相关信息为准。 ...

Group 1 - The company, HaiTian RuiSheng (688787.SH), is providing training data products or services to nearly 10 EU countries, including Germany, France, and Italy, to support their large model training needs [1]

Core Insights - On November 12, Haitai Ruisheng's stock fell by 2.48%, with a trading volume of 147 million yuan [1] - The company reported a financing buy-in of 12.90 million yuan and a financing repayment of 18.34 million yuan, resulting in a net financing outflow of 5.45 million yuan [1] - As of November 12, the total margin balance for Haitai Ruisheng was 303 million yuan, which is 4.71% of its market capitalization [1] Financing Summary - Haitai Ruisheng's financing buy-in on November 12 was 12.90 million yuan, with a current financing balance of 303 million yuan [1] - The financing balance is below the 20th percentile level over the past year, indicating a low position [1] Securities Lending Summary - On November 12, there were no shares repaid or sold in securities lending, with a total lending balance of 0.00 yuan, which is at a high level compared to the 90th percentile over the past year [1] Company Overview - Haitai Ruisheng Technology Co., Ltd. was established on May 11, 2005, and went public on August 13, 2021 [1] - The company's main business involves the research, design, production, and sales of AI training data, with revenue composition as follows: intelligent voice 44.13%, computer vision 40.02%, natural language 13.90%, and application services 1.95% [1] Financial Performance - As of September 30, the number of shareholders for Haitai Ruisheng was 12,600, an increase of 18.33% from the previous period [2] - For the period from January to September 2025, the company achieved a revenue of 234 million yuan, a year-on-year increase of 56.69%, and a net profit attributable to shareholders of 4.18 million yuan, up 10.32% year-on-year [2] Dividend Information - Since its A-share listing, Haitai Ruisheng has distributed a total of 57.50 million yuan in dividends, with 46.80 million yuan distributed over the past three years [2] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included Noan Active Return Mixed A (001706) as the seventh largest shareholder, holding 545,800 shares, unchanged from the previous period [2] - The eighth largest shareholder, Bosera SSE Sci-Tech Innovation Board AI ETF Initiated Link A (023520), is a new entrant with 492,400 shares [2] - Hong Kong Central Clearing Limited is the tenth largest shareholder, also a new entrant with 437,700 shares [2]

Core Insights - On November 6, Haitai Ruisheng experienced a decline of 0.66% with a trading volume of 158 million yuan, indicating a negative market sentiment [1] - The company reported a financing buy-in of 19.64 million yuan and a financing repayment of 24.18 million yuan on the same day, resulting in a net financing outflow of 4.54 million yuan [1] - As of November 6, the total margin balance for Haitai Ruisheng stood at 317 million yuan, which is 4.61% of its market capitalization, reflecting a low financing balance compared to the past year [1] Financing and Margin Data - On November 6, Haitai Ruisheng had a financing buy-in of 19.64 million yuan, with a current financing balance of 317 million yuan, which is below the 20th percentile of the past year [1] - The company reported no short-selling activity on November 6, with a short-selling balance of 0 shares, indicating a high level of short-selling availability compared to the past year [1] Company Overview - Haitai Ruisheng Technology Co., Ltd. was established on May 11, 2005, and went public on August 13, 2021, focusing on the research, design, production, and sales of AI training data [1] - The company's revenue composition includes 44.13% from intelligent voice, 40.02% from computer vision, 13.90% from natural language, and 1.95% from application services [1] Shareholder and Financial Performance - As of September 30, the number of shareholders for Haitai Ruisheng increased by 18.33% to 12,600, while the average number of circulating shares per person decreased by 15.49% to 4,769 shares [2] - For the period from January to September 2025, the company achieved a revenue of 234 million yuan, representing a year-on-year growth of 56.69%, and a net profit attributable to shareholders of 4.18 million yuan, up 10.32% year-on-year [2] - Since its A-share listing, Haitai Ruisheng has distributed a total of 57.50 million yuan in dividends, with 46.80 million yuan distributed over the past three years [2] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders of Haitai Ruisheng include notable funds such as Nuoan Active Return Mixed A and Bosera SSE STAR Market Artificial Intelligence ETF, with new entries from Hong Kong Central Clearing Limited [2]

Core Points - The company will hold a performance briefing for the third quarter of 2025 on December 5, 2025, from 15:00 to 16:00 [2][4] - The briefing will be conducted in an online text interaction format at the Shanghai Stock Exchange Roadshow Center [3][4] - Investors can submit questions from November 28 to December 4, 2025, and the company will address common concerns during the briefing [2][5] Company Information - The company has completed the registration of changes with the industrial and commercial administration and has received a new business license [7][8] - The registered capital of the company is 60.32518 million yuan [9] - The company is classified as a listed other joint-stock company with a legal representative named Li Ke [9]

Core Points - Company announced the cancellation of the supervisory board and revisions to governance systems [2] - The company held its third board meeting on August 29, 2025, and the first extraordinary shareholders' meeting on September 16, 2025 [2] - The management team has been authorized to handle the necessary business registration changes following the resolutions [2] - The company has completed the business registration changes and received a new business license from the Haidian District Market Supervision Administration in Beijing [2]

一、 说明会类型 证券代码：688787 证券简称：海天瑞声 公告编号：2025-037 北京海天瑞声科技股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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： 投资者可于 2025 年 11 月 28 日 （星期五） 至 12 月 04 日 （星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过北京海天瑞声科技 股份有限公司（以下简称"公司"）邮箱 ir@haitianruisheng.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。 公司已于 2025 年 10 月 31 日发布 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 2025 年 12 月 05 日 （星期五） 15:00-16:00 举行 2025 年第三季度业绩说明会，就投 资者关心的问题进行交流。 总经理：李科 本次业绩说明会以网络文字互动形式召开，公司将针对 2025 年第三 ...

证券代码：688787 证券简称：海天瑞声 公告编号：2025-038 名称：北京海天瑞声科技股份有限公司 统一社会信用代码：91110108776388751R 注册资本：6,032.518 万元 类型：其他股份有限公司（上市） 北京海天瑞声科技股份有限公司 关于完成工商变更登记并换发营业执照的公告 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。 北京海天瑞声科技股份有限公司（以下简称"公司"）于 2025 年 8 月 29 日召 开第三届董事会第五次会议、2025 年 9 月 16 日召开 2025 年第一次临时股东大 会，审议通过了《关于取消监事会、修订<公司章程>暨修订、制定及废止公司 部分治理制度、变更法定代表人的议案》，股东大会授权公司经营管理层根据上 述变更办理相关工商变更登记手续。具体内容详见公司于 2025 年 8 月 30 日、2025 年 9 月 17 日分别披露于上海证券交易所网站（www.sse.com.cn）的《海天瑞声 关于取消监事会、修订<公司章程>暨修订、制定及废止公司部分治理制度、变 更法定 ...

Core Viewpoint - The company is optimistic about the emerging field of embodied intelligence data as a high-growth sector and has established a dedicated team to develop related business initiatives [1] Group 1: Market Potential - The national government has prioritized embodied intelligence as a future industry for focused cultivation [1] - The market potential is significant due to the early-stage development of cognitive decision-making in robots and the need for high-quality, granular training data for large models to achieve scalable implementation [1] Group 2: Industry Demand - Numerous leading technology companies, both domestically and internationally, have begun large-scale procurement of embodied intelligence data, which includes interaction data for robots in real-world scenarios and data needed to construct simulation world models [1] - Local governments are actively planning the establishment of "embodied intelligence training grounds" to collect high-quality data, enhancing research and industrial applications [1] Group 3: Company Initiatives - The company has partnered with several robot manufacturers and initiated order demand connections with major technology firms and local governments [1] - The company is advancing the delivery of sample data and the design and implementation of training ground solutions, laying a solid foundation for the accelerated development of its embodied intelligence data business [1]