证券简称：神州数码 证券代码：000034 神州数码集团股份有限公司 2025 年员工持股计划 （草案） 二〇二五年十一月 1 神州数码集团股份有限公司 2025 年员工持股计划（草案） 声明 本公司及董事会全体成员保证本员工持股计划及其摘要内容的真实、 准确和完整，没有虚假记载、误导性陈述或重大遗漏。 2 神州数码集团股份有限公司 2025 年员工持股计划（草案） 风险提示 （一）神州数码集团股份有限公司（以下简称"神州数码"、"公司" 或"本公司"）2025 年员工持股计划须经公司股东大会批准后方可实施，本 员工持股计划能否获得公司股东大会批准，存在不确定性。 （二）本员工持股计划设立后将由公司自行管理，但能否达到计划规模、 目标存在不确定性。 （三）有关本员工持股计划的具体的资金来源、出资金额、预计规模和 具体实施方案等属初步结果，能否完成实施，存在不确定性。若员工认购份 额不足，本员工持股计划存在低于预计规模的风险。 （四）若员工认购资金较低，本员工持股计划存在不成立的风险。 （五）股票价格受公司经营业绩、宏观经济周期、国际/国内政治经济形 势及投资者心理等多种复杂因素影响。因此，股票交易是有一定风险 ...

证券简称：神州数码 证券代码：000034 神州数码集团股份有限公司 2025 年员工持股计划 （草案）摘要 二〇二五年十一月 1 神州数码集团股份有限公司 2025 年员工持股计划（草案）摘要 声明 本公司及董事会全体成员保证本员工持股计划及其摘要内容的真实、 准确和完整，没有虚假记载、误导性陈述或重大遗漏。 2 神州数码集团股份有限公司 2025 年员工持股计划（草案）摘要 风险提示 （一）神州数码集团股份有限公司（以下简称"神州数码"、"公司" 或"本公司"）2025 年员工持股计划须经公司股东大会批准后方可实施，本 员工持股计划能否获得公司股东大会批准，存在不确定性。 （二）本员工持股计划设立后将由公司自行管理，但能否达到计划规模、 目标存在不确定性。 （三）有关本员工持股计划的具体的资金来源、出资金额、预计规模和 具体实施方案等属初步结果，能否完成实施，存在不确定性。若员工认购份 额不足，本员工持股计划存在低于预计规模的风险。 （四）若员工认购资金较低，本员工持股计划存在不成立的风险。 （五）股票价格受公司经营业绩、宏观经济周期、国际/国内政治经济形 势及投资者心理等多种复杂因素影响。因此，股票交易 ...

证券代码：000034 证券简称：神州数码 公告编号：2025-168 神州数码集团股份有限公司 关于延期召开2025年第六次临时股东大会并增加临时提案 暨股东大会补充通知的公告 开的 2025 年第六次临时股东大会延期至 2025 年 11 月 24 日召开，股权登记日不变 仍为 2025 年 11 月 18 日。 2025 年 11 月 13 日，公司董事会收到持股 1%以上的股东郭为先生提交的《关于 提交临时提案的通知》，申请将《关于<神州数码集团股份有限公司 2025 年员工持股 计划（草案）及其摘要>的议案》《关于<神州数码集团股份有限公司 2025 年员工持 股计划管理办法>的议案》和《关于提请股东大会授权董事会办理公司员工持股计划 相关事宜的议案》作为临时提案提交公司 2025 年第六次临时股东大会进行审议。 截至本公告日，郭为先生持有公司154,777,803股股份，占公司股本总额的21.39%， 具备提出临时提案的资格，其提案内容属于公司股东大会职权范围，有明确的议题和 具体决议事项，符合《公司法》和《公司章程》等有关规定。公司董事会同意将上述 临时提案提交公司 2025 年第六次临时股东大 ...

证券代码：000034 证券简称：神州数码 公告编号：2025-167 神州数码集团股份有限公司 第十一届董事会第二十一次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 一、 董事会会议召开情况 神州数码集团股份有限公司（以下简称"公司"）第十一届董事会第二十一 次会议通知于 2025 年 11 月 12 日以电子邮件方式向全体董事发出，会议以传签 方式于 2025 年 11 月 13 日形成决议。会议应当参加表决的董事 7 名，实际参加 表决的董事 7 名。本次会议的召开和表决程序符合《公司法》和《公司章程》等 有关规定。 二、 董事会会议审议情况 (一) 审议通过《关于<神州数码集团股份有限公司2025年员工持股计划（草 案）及其摘要>的议案》 公司于 2025 年 11 月 13 日召开职工大会，就拟实施公司 2025 年员工持股计 划（以下简称"本次员工持股计划"）事宜充分征求了员工意见，会议同意公司 实施本次员工持股计划。 为完善劳动者与所有者的利益共享机制，进一步提升公司治理水平，增强员 工的凝聚力与公司整体竞争力，公司根据相关法律法规 ...

Market Overview - The IT services sector increased by 0.77% on November 13, with Meidun Technology leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Top Performers - Meidun Technology (code: 920227) closed at 66.28, up 13.57% with a trading volume of 18,600 [1] - Haixia Innovation (code: 300300) closed at 13.31, up 10.92% with a trading volume of 2,498,700 [1] - Guangyun Technology (code: 688365) closed at 14.89, up 8.77% with a trading volume of 135,300 [1] - Hongjing Technology (code: 301396) closed at 64.41, up 7.89% with a trading volume of 81,100 [1] - Huina Technology (code: 300609) closed at 41.20, up 7.29% with a trading volume of 101,400 [1] Underperformers - Huibo Yuntong (code: 301316) closed at 48.19, down 3.14% with a trading volume of 82,800 [2] - ST Haofeng (code: 300419) closed at 7.52, down 3.09% with a trading volume of 257,800 [2] - Rongke Technology (code: 300290) closed at 27.64, down 2.95% with a trading volume of 262,000 [2] Capital Flow - The IT services sector experienced a net outflow of 586 million yuan from institutional investors, while retail investors saw a net inflow of 560 million yuan [2] - Speculative funds had a net inflow of 25.8 million yuan [2] Individual Stock Capital Flow - Major net inflows were observed in Dawei Technology (code: 600589) with 77.82 million yuan, and Hongjing Technology (code: 301396) with 72.36 million yuan [3] - Notable net outflows were seen in Huina Technology (code: 300609) with 33.11 million yuan and Han De Information (code: 300170) with 26.83 million yuan [3]

Core Viewpoint - The stock of Digital China has experienced fluctuations, with a recent decline of 3.00%, while the company has shown a year-to-date increase of 25.63% in stock price [1] Group 1: Stock Performance - As of November 12, Digital China’s stock price is 43.70 CNY per share, with a market capitalization of 31.615 billion CNY [1] - The stock has seen a net outflow of 11.6366 million CNY in principal funds, with significant selling pressure [1] - Year-to-date, the stock has increased by 25.63%, with a 1.94% rise over the last five trading days [1] Group 2: Financial Performance - For the period from January to September 2025, Digital China reported revenue of 102.365 billion CNY, reflecting a year-on-year growth of 11.79% [2] - The net profit attributable to shareholders for the same period was 670 million CNY, showing a decline of 25.01% year-on-year [2] Group 3: Shareholder Information - As of October 31, Digital China had 148,500 shareholders, a decrease of 4.87% from the previous period [2] - The average number of circulating shares per shareholder increased by 5.22% to 4,072 shares [2] Group 4: Dividend Information - Digital China has distributed a total of 1.388 billion CNY in dividends since its A-share listing, with 771 million CNY distributed over the last three years [3] Group 5: Institutional Holdings - As of September 30, 2025, the sixth-largest circulating shareholder is the Southern CSI 500 ETF, holding 8.2754 million shares, a decrease of 162,100 shares from the previous period [3] - The ninth-largest circulating shareholder, Hong Kong Central Clearing Limited, increased its holdings by 14.82% to 5.4654 million shares [3]

Market Overview - The Shanghai Composite Index fell by 0.39% on November 11, with 15 out of the 28 sectors rising, led by retail and real estate, which increased by 1.43% and 0.81% respectively [2] - The sectors that experienced the largest declines were telecommunications and electronics, down by 2.20% and 1.74% respectively, with the computer industry also ranking third in terms of decline [2] Capital Flow Analysis - The main capital outflow from the two markets totaled 56.242 billion yuan, with five sectors seeing net inflows [2] - The banking sector led the net inflow with 0.35% increase and 808 million yuan net inflow, followed by the steel sector with a 0.62% increase and 391 million yuan net inflow [2] - A total of 26 sectors experienced net capital outflows, with the electronics sector leading at 13.026 billion yuan, followed by the computer sector with 7.028 billion yuan outflow [2] Computer Industry Performance - The computer industry declined by 1.41% with a net capital outflow of 702.8 million yuan, out of 335 stocks in the sector, 81 rose while 241 fell [3] - Among the stocks with net inflows, 104 saw capital inflows, with nine stocks exceeding 50 million yuan in net inflow, led by Dahua Intelligent with 261 million yuan [3] - The stocks with the largest capital outflows included Zhina Zhen with 1.049 billion yuan, followed by Keda Xunfei and Inspur Information with outflows of 469 million yuan and 433 million yuan respectively [5]

Core Insights - The article highlights the significant net inflow of main funds into various stocks, with a total of 94 stocks experiencing a net inflow for five consecutive days or more as of November 11 [1] Group 1: Main Fund Inflows - Han's Meditech (寒武纪-U) leads with a continuous net inflow for 54 days, totaling 6.722 billion yuan [1] - Industrial and Commercial Bank of China (工商银行) follows with a net inflow of 1.225 billion yuan over 7 days [1] - The top stocks by net inflow days include: - Han's Meditech (54 days) - CITIC Bank (中信银行) (10 days) - China Communications Construction (交通银行) (8 days) [1] Group 2: Performance Metrics - Han's Meditech (寒武纪-U) has a cumulative increase of 42.40% during the inflow period [1] - Huazhong City A (华侨城A) shows a significant increase of 22.08% over the last 6 days [1] - Other notable performers include: - Wanhua Chemical (万华化学) with a 10.31% increase - China Film (中国电影) with a 34.51% increase [1] Group 3: Fund Inflow Proportions - Huazhong City A (华侨城A) has the highest proportion of net inflow to trading volume at 15.29% [1] - Other stocks with notable inflow proportions include: - Shenzhou Digital (神州数字) at 8.05% - CITIC Bank (中信银行) at 12.50% [1]

Core Viewpoint - The stock of Digital China has experienced fluctuations, with a recent decline of 2.00%, while the company has shown a year-to-date increase of 26.49% in stock price [1] Group 1: Stock Performance - As of November 11, Digital China’s stock price is 44.00 CNY per share, with a total market capitalization of 31.832 billion CNY [1] - The stock has seen a trading volume of 5.24 billion CNY, with a turnover rate of 1.94% [1] - Year-to-date, the stock has increased by 26.49%, with a 4.59% rise over the last five trading days, 13.99% over the last 20 days, and 8.80% over the last 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, Digital China reported a revenue of 102.365 billion CNY, reflecting a year-on-year growth of 11.79%, while the net profit attributable to shareholders decreased by 25.01% to 670 million CNY [2] - The company has distributed a total of 1.388 billion CNY in dividends since its A-share listing, with 771 million CNY distributed in the last three years [3] Group 3: Shareholder Information - As of October 31, Digital China has 148,500 shareholders, a decrease of 4.87% from the previous period, with an average of 4,072 circulating shares per shareholder, an increase of 5.22% [2] - The top ten circulating shareholders include Southern CSI 500 ETF, holding 8.2754 million shares, a decrease of 162,100 shares from the previous period [3]

Investment Rating - The industry investment rating is "Outperform the Market" [21] Core Viewpoints - The report emphasizes that the implementation of the "Implementation Opinions" by the State Council will accelerate the development of China's artificial intelligence industry [3][7] - The Kimi K2 Thinking model, released by the company "月之暗面," ranks third globally in performance, indicating that domestic large models are continuously improving and adapting well to domestic accelerated computing chips [9][17] - The report suggests a strong outlook for the AI industry in China, driven by the competitive landscape of global AI large models and the ongoing iteration of domestic models [17] Summary by Sections Industry News and Commentary - The State Council issued the "Implementation Opinions" on November 7, which includes five parts aimed at fostering the application of new technologies and products in various economic and social scenarios [3][6] - The report notes that the Kimi K2 Thinking model has achieved state-of-the-art performance in several benchmark tests, enhancing its capabilities in complex reasoning and tool usage [9][17] Key Company Announcements - "浪潮信息" announced the progress of its share repurchase, having repurchased 1,551,866 shares at a total cost of approximately 96.99 million yuan [10] - "东华软件" disclosed two investment announcements, including the establishment of an AI research institute and a technology company with a total investment of 35 million yuan [10] - "国能日新" announced a joint venture for energy storage with a registered capital of 40 million yuan [10] Weekly Market Review - The computer industry index fell by 2.54% this week, underperforming the CSI 300 index, which rose by 0.82% [11][14] - The overall P/E ratio for the computer industry is 56.0 times, with 359 A-share component stocks, of which 98 rose, 2 remained flat, and 257 fell [14] Investment Recommendations - The report recommends focusing on AI-related investment opportunities, particularly in AI computing power and algorithms, highlighting companies such as 海光信息, 龙芯中科, and 恒生电子 [17]