Summary of Conference Call Notes Industry Overview - The macroeconomic environment is influenced by multiple factors including national economic development, new productivity advancements, and national security concerns, with the ongoing US-China rivalry being a significant theme for the foreseeable future [1] - The focus on domestic autonomy and control is expected to create new opportunities in both software and hardware sectors, driven by national policies [1] Key Points on Software Sector - The software sector includes major areas such as large AI models, basic software (operating systems, databases), and industrial software (ERP, EDA, CAD) which have potential for domestic replacement [2][3] - Current domestic production of CPUs and GPUs is heavily reliant on foreign suppliers, with estimates indicating that 70-80% of server CPUs are sourced from Intel and AMD [2][3] - The domestic AI chip market is led by companies like Shenwei and Haiguang, with significant contributions from domestic models in the AI sector [3][4] Key Points on Hardware Sector - The hardware sector is primarily focused on core components like CPUs and GPUs, with a strong emphasis on domestic production capabilities [2][3] - The domestic CPU market is projected to have a substantial replacement space, with a market size exceeding 100 billion RMB [27] - The GPU market is also seeing potential for domestic alternatives, especially in light of US export controls affecting companies like NVIDIA and AMD [28][30] Policy and Market Dynamics - The US has intensified sanctions against China, particularly in advanced technology sectors, which has led to a tightening of export controls and tariffs [6][7][8] - The Chinese government is pushing for self-sufficiency in technology, with policies aimed at achieving autonomy in core technologies, including software and hardware [9][10] - The domestic market for AI servers is expected to grow significantly, with projections indicating that over 60% of AI server purchases will come from domestic sources by 2024 [10][11] Emerging Trends - The development of domestic operating systems, such as HarmonyOS, has gained traction, becoming the second-largest mobile OS in China, with a growing ecosystem of applications [12][18] - The shift towards distributed databases and cloud-based solutions is evident, with domestic companies like Alibaba and Tencent leading the market [21] - The industrial software sector is also evolving, with domestic firms capturing significant market shares in ERP and EDA solutions [23][24] Risks and Challenges - Potential risks include macroeconomic impacts on business demand, slower-than-expected development of large models and industries, and escalating US-China tensions [34] - The ongoing tariff and sanction environment poses uncertainties for the domestic technology sector, particularly in the CPU and GPU markets [15][16] Conclusion - The drive for self-sufficiency in technology is a critical aspect of the ongoing US-China rivalry, with significant implications for the software and hardware industries in China [33]

Meeting Overview - The company will hold its first extraordinary general meeting of shareholders for the year 2025 on July 31, 2025, at 14:45 [1] - The meeting will be conducted in compliance with relevant laws and regulations, including the Company Law and the company's articles of association [1][2] - Shareholders can participate in the meeting either in person or through online voting [2] Voting Details - The online voting will be available on July 31, 2025, with specific time slots for voting through the Shenzhen Stock Exchange trading system [1][2] - The record date for shareholders eligible to attend the meeting is July 25, 2025 [2] - Shareholders must register for the meeting by providing necessary identification and documentation [4] Agenda Items - The main proposal for discussion is related to the conclusion, suspension, and change of the use of raised funds for investment projects [3][4] - The proposal has already been approved by the company's board of directors and supervisory board [3][4] Additional Information - The meeting will take place at the company's headquarters located at 24th Floor, Zhongdian Changcheng Building, Keji Road, Nanshan District, Shenzhen [2][4] - The company will provide a network voting platform for all shareholders [5][6]

Summary of Key Points Core Viewpoint The company is adjusting its fundraising investment projects due to changes in market conditions and strategic focus, leading to the completion, suspension, and repurposing of certain projects to enhance efficiency and align with core business objectives [4][10][25]. Group 1: Fundraising Overview - The company raised a total of approximately RMB 3.99 billion through a private placement of 285,603,151 shares, with a net amount of approximately RMB 3.98 billion after deducting issuance costs [1][2]. - As of June 30, 2025, the total amount invested from the raised funds is approximately RMB 158.67 million, representing a usage progress of 39.91% [2][3]. Group 2: Changes in Investment Projects - The company plans to adjust its investment projects to improve efficiency and reduce risks, with six sub-projects completed and reaching operational status, while others will not be implemented [4][10]. - The total amount involved in the adjustments is approximately RMB 271.41 million, accounting for 68.27% of the total raised funds [7][10]. Group 3: Specific Project Adjustments - The "Autonomous Security Integrated Machine Design Simulation Laboratory" and "Special Computer R&D Center" projects are being concluded, while the "AI Server Power Supply R&D Project" will be initiated with a budget of RMB 51 million [6][10][11]. - The "New Energy Vehicle Three Electric Control and Charging Pile Product R&D Project" is being terminated, and funds will be redirected to support core business areas [15][16]. Group 4: Future Investment Directions - The company is focusing on the "Long Wall Power AI Server Power Supply R&D Project," which aims to enhance capabilities in high-power server power supply solutions, with an estimated investment of RMB 20 million over three years [19][20]. - The "Nanhai Undersea Scientific Observation Network Project" is also being initiated, with a total investment of RMB 28 million, primarily funded through raised funds [22][23]. Group 5: Strategic Focus and Market Position - The company is aligning its investments with the strategic direction set by the State-owned Assets Supervision and Administration Commission, focusing on core competencies in autonomous security computing and high-tech electronics [8][9]. - The adjustments reflect a response to the evolving market landscape, including intensified competition and shifts in customer demand, ensuring that the company remains competitive and efficient [9][10].

证券代码：000066 证券简称：中国长城 公告编号：2025-033 中国长城科技集团股份有限公司 关于募集资金投资项目结项、暂缓实施 并变更募集资金用途的公告 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于 2025 年 7 月 11 日召开第八届董事会第 十六次会议，审议通过了《关于中国长城募集资金投资项目结项、暂缓实施并变 更募集资金用途的议案》，同意公司对前次非公开发行股票募集资金投资项目进 行调整，拟将募集资金投资项目结项、暂缓实施并变更募集资金用途。该议案尚 需提交公司最近一次股东大会审议。现将具体情况公告如下： 一、募集资金基本情况 2021 年 12 月 16 日，公司获得中国证券监督管理委员会（以下简称"证监 会"）《关于核准中国长城科技集团股份有限公司非公开发行股票的批复》（证 监许可〔2021〕3926 号），核准公司非公开发行不超过 878,454,615 股新股。 本次非公开发行的股票实际发行 285,603,151 股，募集资金总额为人民币 3,987,019,987.96 元，扣除不含税发行费用 ...

证券代码：000066 证券简称：中国长城 公告编号：2025-034 中国长城科技集团股份有限公司 关于召开2025年度第一次临时股东大会的通知 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于 2025 年 7 月 11 日召开第八届董事会第 十六次会议，审议通过了《关于提议召开 2025 年度第一次临时股东大会的议案》， 本次会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司章程的 规定。 现将本次会议的有关事项公告如下： 一、召开会议基本情况 （一）股东大会届次：2025 年度第一次临时股东大会 （二）召 集 人：公司第八届董事会 （三）会议召开的合法、合规性：本次股东大会会议的召开符合《公司法》 和《公司章程》的有关规定。 （四）会议时间： 现场会议召开的时间：2025 年 7 月 31 日 14:45 网络投票的时间：2025 年 7 月 31 日 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 7 月 31 日交易时间即 9:15-9:25，9:30-11:30 和 13:00-15 ...

中国长城科技集团股份有限公司第八届监事会第八次会议通知于 2025 年 7 月 4 日以电子邮件方式发出，会议于 2025 年 7 月 11 日在北京长城大厦会议室 以现场方式召开，应参加会议监事三名，实际参加会议监事三名，符合《中华人 民共和国公司法》和《公司章程》的有关规定。会议由监事会主席刘晨晖先生主 持，审议通过了《关于中国长城募集资金投资项目结项、暂缓实施并变更募集资 金用途的议案》。 本监事会经审议后认为：关于募集资金投资项目结项、暂缓实施并变更募集 资金用途的方案，履行了必要的程序，符合中国证监会、深圳证券交易所等关于 上市公司募集资金管理和使用的有关规定，不存在损害公司和股东利益特别是中 小股东利益的情形。因此，监事会同意募集资金投资项目结项、暂缓实施并变更 募集资金用途实施事宜。 该议案表决情况：同意 3 票，反对 0 票，弃权 0 票，表决通过。 特此公告 中国长城科技集团股份有限公司 第八届监事会第八次会议决议公告 本公司及监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。 证券代码：000066 证券简称：中国长城 公告编号：2025-032 中国 ...

证券代码：000066 证券简称：中国长城 公告编号：2025-031 中国长城科技集团股份有限公司 具体内容详见公司同日登载于巨潮资讯网 http://www.cninfo.com.cn 的 《关于中国长城募集资金投资项目结项、暂缓实施并变更募集资金用途的公告》。 二、关于提议召开 2025 年度第一次临时股东大会的议案 审议结果：表决票 7 票，其中同意 7 票，反对 0 票，弃权 0 票，表决通过。 具体内容详见公司同日登载于巨潮资讯网 http://www.cninfo.com.cn 的 《关于召开 2025 年度第一次临时股东大会的通知》。 特此公告 第八届董事会第十六次会议决议公告 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"）第八届董事会第十六 次会议通知于 2025 年 7 月 4 日以电子邮件方式发出，会议于 2025 年 7 月 11 日在北京长城大厦会议室以现场方式召开，应参加会议董事七名，亲自出席会议 董事六名，独立董事李国敏先生因个人原因委托独立董事邱洪生先生代为出席并 表决；全部监事 ...

中信建投证券股份有限公司 关于中国长城科技集团股份有限公司募集资金投资项目结 单位：万元、% 项、暂缓实施并变更募集资金用途的核查意见 中信建投证券股份有限公司（以下简称"中信建投"或"保荐机构"）作为中 国长城科技集团股份有限公司（以下简称"中国长城"或"公司"）非公开发行 A 股股票的保荐机构，根据《证券发行上市保荐业务管理办法》《上市公司募集 资金监管规则》《深圳证券交易所股票上市规则》《深圳证券交易所上市公司 自律监管指引第 1 号—主板上市公司规范运作》《深圳证券交易所上市公司自 律监管指引第 13 号—保荐业务》等有关法律法规和规范性文件的要求，对公司 本次募集资金投资项目结项、暂缓实施并变更募集资金用途的事项进行了核查， 并出具核查意见如下： 一、募集资金基本情况 2021 年 12 月 16 日，公司获得中国证券监督管理委员会《关于核准中国长 城科技集团股份有限公司非公开发行股票的批复》（证监许可[2021]3926 号文） 核准公司非公开发行不超过 878,454,615 股新股。本次非公开发行的股票实际发 行 285,603,151 股，募集资金总额为人民币 3,987,019,987.9 ...

Core Viewpoint - China Great Wall Technology Group Co., Ltd. is expected to report a significant turnaround in its financial performance, projecting a net profit for the first half of 2025, compared to a loss in the same period last year [1][2]. Financial Performance Summary - The company anticipates a net profit attributable to shareholders of approximately 10 million to 14.5 million yuan, representing a year-on-year increase of 123.72% to 134.40% [2]. - The expected basic earnings per share are projected to be between 0.031 yuan and 0.045 yuan, a recovery from a loss of 0.131 yuan in the previous year [2]. - The company also expects a net profit after deducting non-recurring gains and losses to be between 42,368 million yuan and 50,000 million yuan, indicating a significant improvement from a loss of 42,152 million yuan last year [2]. Reasons for Performance Change - The increase in revenue is attributed to stable business development and improved resource utilization efficiency [2]. - The company has been optimizing its asset structure and resource allocation, including divesting non-core assets, which has led to higher returns from equity investments [2]. - The overall business structure has contributed to the expected profitability, marking a significant turnaround from previous losses [2].

[Current Period Performance Forecast](index=1&type=section&id=Current%20Period%20Performance%20Forecast) The company anticipates a return to profitability in H1 2025 with net profit of RMB 100-145 million, though core business losses are expected to widen after excluding non-recurring items Performance Forecast Summary | Item | Current Period (2025 H1) | Prior Period (2024 H1) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders (RMB Millions)** | Profit: 100 — 145 | Loss: 421.52 | Growth: 123.72% — 134.40% | | **Net Profit Excluding Non-Recurring Items (RMB Millions)** | Loss: 425 — 500 | Loss: 423.68 | Increased Loss: 0.31% — 18.01% | | **Basic Earnings Per Share (RMB)** | Profit: 0.031 — 0.045 | Loss: 0.131 | Turned Loss into Profit | [Communication with Accounting Firm](index=1&type=section&id=Communication%20with%20Accounting%20Firm) The company's performance forecast data has not undergone pre-audit by a certified public accountant - This performance forecast has not been pre-audited by a certified public accountant, and its accuracy awaits confirmation in the final audit report[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=Explanation%20of%20Performance%20Changes) The turnaround to profitability is primarily due to RMB 570-600 million in non-recurring gains from asset divestiture, despite core business losses widening - The company achieved revenue growth and maintained stable business development by focusing on its main business and optimizing product structure[5](index=5&type=chunk) - The primary reason for turning net profit from loss to gain is the company's high equity investment disposal gains from divesting non-core assets[5](index=5&type=chunk) - During the reporting period, non-recurring gains and losses are estimated to be approximately **RMB 570 million to RMB 600 million**, primarily from disposal gains of non-current assets and government subsidies[5](index=5&type=chunk) [Other Relevant Information](index=2&type=section&id=Other%20Relevant%20Information) The company cautions investors that this performance forecast is preliminary, with final data subject to the official 2025 semi-annual report - The company reminds investors that this performance forecast is a preliminary estimate with uncertainties, and specific financial data will be subject to the official semi-annual report[7](index=7&type=chunk) - The company's designated information disclosure media are China Securities Journal, Securities Times, Shanghai Securities News, and Juchao Information Network[7](index=7&type=chunk)