中国长城科技集团股份有限公司（以下简称"公司"）第八届董事会第十四 次会议通知于 2025 年 4 月 17 日以电子邮件方式发出，会议于 2025 年 4 月 24 日在深圳中电长城大厦会议室以现场加视频方式召开，应参加会议董事八名，亲 自出席会议董事八名；全体监事列席了会议，符合《公司法》和《公司章程》的 有关规定。会议由董事戴湘桃先生主持，审议通过了以下议案： 一、2024 年度经营报告 经董事会审议，通过公司《2024 年度经营报告》。 审议结果：表决票 8 票，同意 8 票，反对 0 票，弃权 0 票，表决通过。 二、2024 年度董事会工作报告 经董事会审议，通过《2024 年度董事会工作报告》。 此议案需提交公司 2024 年度股东大会审议。 审议结果：表决票 8 票，同意 8 票，反对 0 票，弃权 0 票，表决通过。 证券代码：000066 证券简称：中国长城 公告编号：2025-016 中国长城科技集团股份有限公司 第八届董事会第十四次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 该议案已经公司董事会审计委员会全体成员审核同 ...

证券代码：000066 证券简称：中国长城 公告编号：2025-022 中国长城科技集团股份有限公司 关于2024年度拟不进行利润分配的公告 本公司及监事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 中国长城科技集团股份有限公司（以下简称"公司"）于 2024 年 4 月 24 日召开第八届董事会第十四次会议，审议通过了《2024 年度利润分配预案》。 本议案尚需提交公司 2024 年度股东大会审议。 一、2024 年度利润分配预案基本情况 经大信会计师事务所（特殊普通合伙）审计，2024 年公司合并报表归属于 母公司净利润-1,478,505,080.54 元，每股收益-0.458 元。母公司 2024 年实现 净利润为-506,907,819.26 元，在提取法定盈余公积金 0 元后，加上年初未分配 利润 1,268,682,633.04 元，扣除本年度发放现金股利 0 元，本次可供分配的利 润为 761,774,813.78 元。 根据中国证券监督管理委员会《关于进一步落实上市公司现金分红有关事项 的通知》《上市公司监管指引第 3 号——上市公司现金分红》《公司章 ...

Financial Performance - The company's revenue for Q1 2025 was ¥2,858,093,589.06, representing a 7.32% increase compared to ¥2,663,126,153.32 in the same period last year[3] - The net profit attributable to shareholders was -¥159,515,661.11, an improvement from -¥249,815,522.35 year-over-year, indicating a 36.15% reduction in losses[3] - The total profit (loss) for the period was -¥148,502,422.71, a 43.28% improvement from -¥261,804,108.40 year-over-year[9] - Operating profit for the current period was -¥139,216,886.89, an improvement from -¥261,342,582.69 in the previous period[18] - Net profit for the current period was -¥172,452,661.40, compared to -¥249,515,706.83 in the previous period, indicating a reduction in losses[18] Cash Flow - The net cash flow from operating activities improved to -¥573,872,584.71, a 47.63% increase compared to -¥1,095,762,482.36 in the previous year[9] - Cash inflow from operating activities totaled 3,913,041,833.81 CNY, up from 3,393,806,773.85 CNY in the previous period[20] - Cash outflow from operating activities was 4,486,914,418.52 CNY, slightly down from 4,489,569,256.21 CNY in the previous period[21] - The net cash flow from investing activities was 769,881,483.51 CNY, compared to 821,398,292.07 CNY in the previous period[21] - Cash inflow from investing activities was 2,363,096,059.56 CNY, an increase from 2,137,507,985.18 CNY in the previous period[21] - Cash outflow from financing activities was 3,014,385,129.21 CNY, down from 3,398,795,020.84 CNY in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥32,307,458,506.31, a decrease of 0.96% from ¥32,620,114,051.07 at the end of the previous year[3] - Total liabilities increased slightly to ¥20,211,854,326.28 from ¥20,175,046,732.80, marking a rise of 0.18%[17] - Current liabilities totaled ¥11,998,024,606.55, down from ¥12,153,324,901.52, a decrease of 1.28%[17] - Long-term borrowings rose to ¥6,858,404,409.73 from ¥6,515,473,005.14, an increase of 5.26%[17] Shareholder Information - The total number of common shareholders at the end of the reporting period was 413,708[11] - The largest shareholder, China Electronics Corporation, holds 39.35% of shares, totaling 1,269,203,475 shares[11] Management and Expenses - The company’s management expenses rose by 78.54% to ¥209,993,832.56, primarily due to changes in equity incentive costs[9] - Research and development expenses were ¥287,475,318.17, a decrease of 8.29% from ¥313,464,623.23 in the previous period[18] Other Income and Comprehensive Income - The company reported a significant increase in other income, which rose by 550.64% to ¥209,473,859.71, primarily due to increased government subsidies[9] - Other comprehensive income after tax for the current period was ¥29,962,163.12, compared to ¥6,723,336.04 in the previous period, showing significant improvement[18] - The total comprehensive income for the period was -142,490,498.28 CNY, compared to -242,792,370.79 CNY in the previous period[19] Share Repurchase and Fund Management - The company plans to continue using up to RMB 1.8 billion of idle raised funds to temporarily supplement working capital for a period not exceeding 12 months[12] - The company approved a share repurchase plan with a total fund amount between RMB 166 million and RMB 256 million, with a maximum repurchase price of RMB 18.00 per share[12] - A total of 11,114,404 shares were repurchased, accounting for 0.3445% of the total share capital, with a total transaction amount of RMB 166,190,269.88[13] Cash and Equivalents - The cash and cash equivalents at the end of the reporting period amounted to RMB 4,002,516,969.44, an increase from RMB 3,836,163,758.77 at the beginning of the period[15] - The cash and cash equivalents at the end of the period amounted to 3,583,192,387.79 CNY, compared to 3,882,397,464.59 CNY at the end of the previous period[21] - The company’s cash and cash equivalents increased by 144.38% to ¥79,635,975.34, attributed to improved sales collections and tax refunds[9] Earnings Per Share - Basic earnings per share were -0.050 CNY, improving from -0.077 CNY in the previous period[19] Mergers and Acquisitions - The company did not execute any mergers or acquisitions during the reporting period, with no net profit from merged entities[19]

Financial Performance - The company's operating revenue for 2024 was ¥14,202,752,494.20, representing a 5.83% increase compared to ¥13,420,233,900.29 in 2023[20]. - The net profit attributable to shareholders for 2024 was -¥1,478,505,080.54, a significant decline from -¥977,252,427.62 in 2023[20]. - The net cash flow from operating activities decreased by 58.30% to ¥182,298,473.16 in 2024, down from ¥437,124,077.82 in 2023[20]. - Total assets at the end of 2024 were ¥32,620,114,051.07, a decrease of 4.43% from ¥34,131,823,790.93 at the end of 2023[20]. - The net assets attributable to shareholders decreased by 11.40% to ¥11,236,035,373.79 at the end of 2024, down from ¥12,682,285,531.11 at the end of 2023[20]. - The company reported a basic earnings per share of -¥0.459 for 2024, compared to -¥0.303 in 2023[20]. - The overall gross margin has declined due to intensified market competition and industry policy adjustments, impacting the company's profitability[40]. - The company reported a net profit margin of 18% for 2023, reflecting improved operational efficiency[159]. Business Strategy and Focus - The company is focusing on the computing industry and system equipment, aiming to enhance its core competitiveness and meet national strategic needs[29]. - The computing industry is experiencing steady growth due to increasing demand for servers driven by advancements in cloud computing, big data, and artificial intelligence[29]. - The company is committed to developing a complete product chain centered on autonomous computing products to support new digital infrastructure[30]. - The company plans to provide integrated solutions and services for core clients in key industries, emphasizing information security and infrastructure[30]. - The company achieved significant growth in the computing industry, with a focus on expanding its market presence in the banking and insurance sectors, leading to a substantial increase in business scale[39]. - The company is actively pursuing new business opportunities in emerging sectors such as marine information and special computing, expecting to generate new revenue streams by 2025[39]. - The company aims to enhance its core competitiveness by developing three main business areas: intelligent computing terminals, platforms, and components[111]. - The company plans to expand its computing business, particularly in the intelligent computing server sector, and increase market share in key industries such as finance[114]. Research and Development - The company has made significant advancements in technology research and development, including the launch of a 4U8 card AI server and a cluster management software capable of managing 3,000 servers[37]. - Research and development expenses for 2024 were ¥1,130,377.40 million, a decrease of 16.98% compared to ¥1,361,648.08 million in 2023[52]. - The company established a technology innovation department to enhance its R&D management and improve collaboration between R&D and market teams[54]. - The company has committed a total investment of CNY 30,000 million for the key chip R&D project, which is currently on track[98]. - The company is planning to invest 500 million in R&D for new technologies over the next two years[159]. Corporate Governance - The company has a complete and clear internal governance structure that complies with regulatory requirements[122]. - The company has strengthened insider trading prevention measures, ensuring no violations by directors, supervisors, or senior management during the reporting period[123]. - The company maintains independence from its controlling shareholder in business, personnel, assets, organization, and finance, ensuring a complete and independent operational system[124]. - The company has established an independent financial department with its own accounting system and tax obligations, operating separate bank accounts[125]. - The company has a clear property relationship with the controlling shareholder, ensuring independent production and operational capabilities[124]. Management Changes - On April 19, 2024, the company elected Dai Xiangtao and Zheng Bo as new directors following the resignation of former chairman Xie Qinglin[131]. - The company appointed Dai Xiangtao as president on May 23, 2024, along with several other senior executives[132]. - The company has undergone significant management changes, including the appointment of Tan Jingjun as the new general counsel on April 26, 2024[132]. - The company experienced significant management changes, including the resignation of former chairman Xie Qinglin and the appointment of new directors and supervisors[133]. - The management team includes individuals with experience in both domestic and international markets, positioning the company for potential global expansion[137]. Environmental Responsibility - The company has been recognized as a key pollutant discharge unit by environmental protection authorities[195]. - The wastewater treatment system operates effectively, with lead concentration in wastewater averaging below 0.2 mg/L, meeting industry standards[196]. - The company has implemented an emergency response plan for environmental incidents, approved by the local ecological environment bureau[197]. - The company has achieved environmental management system certification and actively supervises environmental protection measures across departments[199]. - The company is committed to sustainability initiatives, aiming to reduce carbon emissions by 30% by 2025[159]. Investment and Financing - The company has reported a total of RMB 3.98 billion raised from a private placement, with a net amount of RMB 3.98 billion after deducting fees[96]. - The company has completed the development of the S5000C domestic CPU platform AI server, which is expected to significantly enhance sales performance and market share in the AI server segment over the next few years[65]. - The company plans to temporarily use RMB 1,800,000,000.00 of idle raised funds to supplement working capital until December 31, 2024[100]. - The company has committed a total investment of RMB 397,549.09 million, with an actual investment of RMB 158,673.75 million, achieving a progress rate of 66.47%[99]. Market Expansion - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[159]. - Market expansion plans include entering three new international markets by the end of 2024, targeting a 10% increase in global market share[142]. - A strategic acquisition of a local competitor is in progress, expected to enhance the company's product offerings and market reach[159]. Employee Management - The total number of employees at the end of the reporting period is 13,370, including 362 at the parent company and 13,008 at major subsidiaries[163]. - The company has established a dynamic adjustment mechanism for employee compensation, ensuring alignment with performance and contributions[165]. - The company emphasizes a talent-centric approach, with various training programs designed for different employee levels to enhance skills and support long-term development[166]. - The company has a total of 1,614 employees with postgraduate degrees, 5,083 with bachelor's degrees, and 6,673 with diplomas or below[164]. Shareholder Relations - The annual shareholder meeting approved the 2023 financial budget report and profit distribution plan, with a participation rate of 43.44%[127]. - The company plans to implement a shareholder return plan for 2024-2026[151]. - The board approved a share buyback program, allocating up to 300 million for repurchasing shares in 2024[159].

德阳农村商业银行股份有限公司 中国长城资产管理股份有限公司四川省分公司 2025年4月21日 中国长城资产管理股份有限公司四川省分公司 联系人：曾先生 联系电话：028-85133618 住所 地：成都市高升桥东路1号注：1.本公告清单列示截至基准日的贷款本金余额，借款人和担保人应 支付给中国长城资产管理股份有限公司四川省分公司的利息按借款合同、担保合同及中国人民银 行的有关规定计算。2、若债务人、担保人因各种原因更名、改制、歇业、吊销营业执照或丧失民 事主体资格的，请相关承债主体及/或主管部门代位履行义务或履行清算责任。3、清单中"担保 人"包括保证人、抵押人、出资人。 | | | 公情清题 | | GALLER BILL | | --- | --- | --- | --- | --- | | 41 11 BST - 7 | BEA | 10.4 | | 18-27-24-22 | | @ 20 | | RS. PER. RE. BURLERSANDLE | DRIAN ROTTLE | : 25/6000 365 | | 】 200000000000000 | PRETARIE REGION | 后,即在 ...

Summary of Conference Call on China Great Wall Technology and Feiteng Company Industry and Company Overview - The conference focused on the operational situation of China Great Wall Technology and its subsidiary Feiteng Company in the context of the ongoing US-China tariff war [1][2] - China Great Wall is recognized as a pioneer in the domestic computer brand sector, having been involved in the self-research and development of computing technology for nearly 40 years [5][6] Key Points and Arguments - **Tariff Impact**: The current tariffs are seen as a phase in the broader US-China geopolitical competition, with no significant change in the overall industry trend expected [2][3] - **CPU Market**: The tariffs have a pronounced effect on the CPU market, particularly due to the high volume of semiconductor imports from the US, with Intel and AMD generating significant revenues in China [2][3] - **Feiteng's Position**: Feiteng is positioned as the third-largest player in China's server CPU market, with revenues reaching approximately 2 billion RMB last year. The company is expected to grow significantly with the launch of its S5000 series [3][4] - **Diverse Business Operations**: China Great Wall not only focuses on server systems but also has a substantial power supply business and military-related operations, indicating potential growth areas despite geopolitical tensions [4][5] - **State-Owned Enterprise Support**: The company is backed by China Electronics, which holds a 39.35% stake, providing a robust support system for its operations and strategic direction [6][7] Financial Performance - The company reported a revenue growth of approximately 19.27% year-on-year for the first three quarters, although it faced a net loss of 688 million RMB [8][12] - Future revenue projections for the company are estimated at 15.5 billion, 18.8 billion, and 21.7 billion RMB from 2024 to 2026, with expected profitability improving over time [15] Strategic Initiatives - The company is focusing on expanding its business scope and enhancing profitability through a strategy that emphasizes integrated hardware and software solutions, particularly in the computing industry [8][9] - The ongoing demand for AI and computing power is expected to drive growth, with the company planning to develop a range of chips including CPU, GPU, and XPU [11][12] Risks and Challenges - Potential risks include macroeconomic impacts, increased market competition, supply chain uncertainties, and technological innovation challenges [15] Additional Insights - The conference highlighted the importance of the "self-controllable" narrative in the context of national policy and the push for domestic technology development [10][11] - The company is expected to benefit from the growing demand for computing power infrastructure, particularly in the AI sector, which remains a significant trend [11][12] This summary encapsulates the key discussions and insights from the conference call regarding China Great Wall Technology and its strategic positioning within the current geopolitical and economic landscape.

Core Viewpoint - The company plans to engage in daily related transactions with its controlling shareholder, China Electronics Corporation, and its subsidiaries, with an estimated total amount not exceeding 1.63 billion yuan for the year 2025 [2][6][7]. Group 1: Daily Related Transactions Overview - The company expects to conduct daily related transactions involving procurement and sales of raw materials and finished products, provision and acceptance of services, and leasing activities, with a total estimated amount of up to 163 million yuan [2][6][7]. - The estimated amounts for specific transaction categories in 2025 are as follows: procurement not exceeding 55 million yuan, sales not exceeding 51 million yuan, and services not exceeding 9.5 million yuan [2][13]. - The company will also engage in leasing transactions, with an estimated contract amount of approximately 500,000 yuan for 2025 and 47 million yuan for 2024 [2][13]. Group 2: Approval and Governance - The proposal for the 2025 daily related transactions was reviewed and unanimously approved by the independent directors in a special meeting [3][15]. - The resolution requires submission to the company's most recent shareholders' meeting for approval, with related directors abstaining from voting [4][15]. - The board meeting held on April 14, 2025, confirmed the approval of the related transactions, with all eight participating directors voting in favor [4][7]. Group 3: Transaction Necessity and Impact - The related transactions are deemed necessary for the company's normal business operations and are expected to support the stability and continuity of its business activities [14]. - The transactions are characterized as fair and reasonable, with no adverse effects on the company's financial status or operational results [14][15]. - The company maintains that these transactions do not compromise its independence and that there is no dependency on the controlling shareholder [14].

证券代码：000066 证券简称：中国长城 公告编号：2025-015 中国长城科技集团股份有限公司 2025年度日常关联交易预计公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、日常关联交易基本情况 1、概述 鉴于中国长城科技集团股份有限公司（以下简称"公司"）开展日常生产运 营的实际需要，预计 2025 年度将与实际控制人中国电子信息产业集团有限公司 （以下简称"中国电子"）及其下属企业、公司联营企业及其他关联方等发生日 常关联交易，涉及向关联方采购原材料及产成品、销售原材料及产成品、提供劳 务、接受劳务、出租（承租）房屋，预计总金额不超过 163,000 万元。具体业务 合同将于原租赁期届满或实际发生时签署。提议股东大会授权经理层在股东大会 批准的关联交易总额范围内，根据日常经营需要对 2025 年度日常关联交易进行 合理调整。 2025 年 4 月 14 日，公司召开第八届董事会第十三次会议审议通过了前述 2025 年度日常关联交易预计事宜，关联董事戴湘桃先生、郭涵冰先生、许明辉 女士、郑波先生回避表决，具体表决情况详见同日公告《第八届董事会第 ...

此议案需提交公司最近一次股东大会审议。 第八届董事会第十三次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 中国长城科技集团股份有限公司（以下简称"公司"）第八届董事会第十三 次会议通知于 2025 年 4 月 10 日以电子邮件方式发出，会议于 2025 年 4 月 14 日以邮件/专人送达方式召开，应参加会议董事八名，实际参加会议董事八名， 符合《公司法》和《公司章程》的有关规定。会议审议通过了《关于 2025 年度 日常关联交易预计的议案》（具体详见同日公告 2025-015 号《2025 年度日常关 联交易预计的公告》）。 鉴于公司开展日常生产运营的实际需要，预计 2025 年度将与实际控制人中 国电子信息产业集团有限公司（以下简称"中国电子"）及其下属企业、公司联 营企业及其他关联方等发生日常关联交易，涉及向关联方采购原材料及产成品、 销售原材料及产成品、提供劳务、接受劳务、出租（承租）房屋，预计总金额不 超过 163,000 万元。（1）公司预计与中国电子、联营企业及其他关联方 2025 年 度日常关联交易采购类金额不超过人民币 55 ...

Investment Rating - The report maintains a positive outlook on the domestic consumption electronics industry chain, suggesting a focus on companies related to this sector due to the resilience expected under the "reciprocal tariffs" policy [3]. Core Viewpoints - The report highlights that electronic products are a major category in China's exports to the US, with a total export scale of USD 125.8 billion in 2024, accounting for 24% of total exports to the US [3]. - It emphasizes the acceleration of domestic substitution due to increased tariffs, with a recommendation to focus on domestic companies in sectors significantly impacted by import tariffs, such as analog chips, CPUs, and semiconductor equipment [3]. - The report notes that the import tariff rate on all goods from the US has risen to 125%, enhancing the cost advantage of domestic products [3]. Summary by Sections Market Weekly Review - The TMT sector experienced declines across major industries, with electronics down 3.89%, computers down 5.79%, media down 6.78%, and communications down 7.67%, underperforming the CSI 300 index which fell 2.87% [3]. - The top-performing sub-industries included analog chip design (up 6.04%) and semiconductor equipment (up 2.23%), while the worst performers were communication network equipment and devices (down 11.74%) and printed circuit boards (down 10.16%) [3]. Industry News and Key Company Announcements - Significant events in the industry include the Siemens Data Center Ecosystem Conference and the 13th China Electronic Information Expo [16]. - The report mentions that global AI IT investment is projected to reach USD 315.8 billion in 2024, with a compound annual growth rate (CAGR) of 32.9% expected until 2028 [26]. - It also notes that the global generative AI market is anticipated to grow at a CAGR of 63.8%, reaching USD 284.2 billion by 2028, representing 35% of the total AI market investment [26].