Core Viewpoint - The company, Unisplendour Corporation Limited, reported a revenue of 79.024 billion yuan for 2024, marking a year-on-year increase of 2.22%, with a net profit attributable to shareholders of 1.572 billion yuan [6][7]. Company Overview - Unisplendour operates in the next-generation information and communication technology (ICT) sector, providing a full-stack intelligent ICT infrastructure and cloud solutions [4][5]. - The company’s main products include network devices, servers, storage products, cloud and intelligent solutions, active security products, and smart terminals [4][5]. Business Performance - In 2024, the company focused on a "computing power x connectivity" strategy, achieving a revenue of 79.024 billion yuan, with the ICT infrastructure and services segment contributing 54.459 billion yuan, a 5.73% increase year-on-year [6][7]. - The company’s R&D investment reached 5.102 billion yuan, reflecting a commitment to innovation in network, security, computing, storage, cloud computing, and AI [6]. Market Position - Unisplendour's subsidiary, H3C Group, reported a revenue of 55.074 billion yuan in 2024, with significant growth in domestic and international markets [7]. - The company maintained leading market shares in various segments, including 38.2% in the enterprise campus switch market and 54.4% in the blade server market in China [7]. Financial Highlights - The company proposed a cash dividend of 0.75 yuan per share for 2024, based on a total share capital of 2.860 billion shares, totaling approximately 214.51 million yuan [3][29]. - The net profit for 2024 was reported at 1.572 billion yuan, with a decrease in operating expenses by 7.17% year-on-year [6]. Important Transactions - In 2024, the company completed the acquisition of a 30% stake in H3C Group for approximately 2.143 billion USD, increasing its ownership from 51% to 81% [9]. - The company has future arrangements for the remaining 19% stake in H3C, including options for purchase and sale [10][11]. H-Share Listing Plans - The company plans to issue H-shares and list on the Hong Kong Stock Exchange, with preliminary preparations already underway [13][52].

Core Viewpoint - The company, Unisplendour Corporation Limited, is revising its articles of association and related documents in accordance with the updated Company Law of the People's Republic of China and other relevant regulations [1][2]. Group 1: Reasons and Basis for Revision - The revision of the articles of association is based on the updated Company Law (2023 revision), the Guidelines for Articles of Association of Listed Companies, and the Shenzhen Stock Exchange's regulations [1][2]. - The company aims to align its governance documents with current legal requirements and its actual operational circumstances [1]. Group 2: Details of the Revision - The specific amendments to the articles of association and its attachments, including the rules for shareholder meetings and board meetings, are detailed in an attached document [2]. - The revised articles of association will be submitted for approval at the upcoming shareholders' meeting [3]. Group 3: Other Matters - The proposed revisions require special resolution approval from the shareholders' meeting [3]. - The company’s board of directors will seek authorization from the shareholders' meeting to handle the necessary procedures for the amendment and registration with the relevant authorities [3].

Summary of Key Points Core Viewpoint The company is planning to provide guarantees for its subsidiaries to secure bank credit lines, which is expected to facilitate their business operations and enhance their creditworthiness. Group 1: Guarantee Agreements - The company will provide guarantees for its subsidiaries, including a total of up to RMB 1.32 billion for various credit lines [25][24][21] - The guarantees include amounts such as RMB 600 million for NVIDIA and RMB 300 million for Lenovo [17][16][15] - The total amount of guarantees after this agreement will exceed RMB 1.8 billion and USD 267.3 million, which is 279.91% of the company's net assets as of the end of 2024 [21][24] Group 2: Financial Status of Subsidiaries - Xinhua San Information Technology Co., Ltd. has total assets of RMB 5.32 billion and net assets of RMB 1.17 billion as of December 31, 2024 [3] - Suzhou Unigroup Digital has total assets of RMB 775 million and net assets of RMB 237 million as of December 31, 2024 [5] - The subsidiaries have shown varying financial performance, with some reporting profits while others are in loss [7][11][13] Group 3: Corporate Structure - The company has a complex structure with multiple subsidiaries, including Suzhou Unigroup Digital, Unigroup E-commerce, and Unigroup Supply Chain, all of which are wholly owned [6][8][10] - Unigroup Xiaotong is a holding subsidiary with 60% ownership by Suzhou Unigroup Digital [12] - The subsidiaries are engaged in various sectors, including ICT distribution, supply chain management, and software development [26][28][30]

Core Insights - Unisoc is leveraging AI computing infrastructure to drive dual growth in government and enterprise markets as well as overseas expansion [1] Group 1: Financial Performance - In 2024, Unisoc's subsidiary, H3C, achieved domestic government and enterprise revenue of 44.239 billion yuan, a year-on-year increase of 10.96% [2] - Overseas revenue reached 2.916 billion yuan, growing by 32.44%, with significant growth in self-owned brand revenue [2] Group 2: Technological Advancements - Unisoc has developed the S12500AI series switches based on DDC architecture, supporting high-speed lossless computing cluster interconnection with a bandwidth utilization increase of 107% [2] - The company introduced G-Flow single-phase immersion cooling solutions and phase change immersion cooling technology, addressing the critical heat dissipation issues in high-density computing deployments [3] - The M9000-X firewall features 8 Tbps protection capability and 5 microseconds latency, with AI-driven security strategies improving threat assessment accuracy by 70% [3] Group 3: Market Applications - The DeepSeek model integration machine, LinSeer Cube, supports various applications including urban traffic prediction and government efficiency improvements [4] - The "Turing Town" model has been replicated in six cities, creating a complete closed loop from computing power construction to operational services [4] Group 4: Global Expansion - In 2024, Unisoc established five new overseas subsidiaries, increasing its total to 22, with a service network covering 181 countries and regions [5] - The company launched 147 customized products for international markets, achieving a 69.35% year-on-year increase in overseas self-owned brand revenue [5] - Unisoc's strategy includes a steady expansion approach, adding 874 overseas certified partners, enhancing channel density in emerging markets [5] Group 5: Strategic Outlook - Unisoc's 2024 report reflects a technology-driven evolution, balancing technological investment with commercial returns amid pressures from domestic substitution and global expansion [6] - The dual support of technological dividends and scale effects remains a significant advantage for the company in navigating market changes [6]

Regulatory Developments - The China Securities Association is seeking opinions on guidelines aimed at preventing securities practitioners from engaging in illegal trading activities, including insider trading and market manipulation [1] - The guidelines are intended to strengthen the management of industry personnel and promote a culture of compliance within the financial sector [1] Macro News - The Chinese Foreign Ministry confirmed that there have been no recent communications between the leaders of China and the United States, contradicting claims made by former President Trump [2] Industry Dynamics - The Ministry of Industry and Information Technology released key points for automotive standardization work for 2025, focusing on advanced technology standards and new areas such as artificial intelligence and solid-state batteries [3] - The National Medical Products Administration issued quality management regulations for online sales of medical devices, effective from October 1, 2025, to enhance industry accountability [5] Company News - Zhengzhou Coal Machine Company plans to change its name to "Zhongchuang Zhiling (Zhengzhou) Industrial Technology Group Co., Ltd." to better reflect its strategic direction [6] - Seres plans to go public in Hong Kong with a projected revenue of 145.1 billion yuan for 2024, a year-on-year increase of 305.5%, and aims to become a leading luxury electric vehicle brand [6] - Unigroup plans to issue H-shares and list on the Hong Kong Stock Exchange, considering the interests of existing shareholders [6] - Saitex New Materials announced that its chairman will voluntarily forgo salary, and several executives will reduce their salaries by 20% for the remainder of 2025 [7] - Jiayuan Technology's chairman is under investigation, and the company has arranged for the vice chairman to assume responsibilities during this period [7] - Lifan Technology is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations [8] - Baidu's stock will be suspended for one day and will be renamed "*ST Baidu" due to negative net profit for 2024 [9] - Nanchuan Co. will also change its stock name to "ST Nanchuan" following a negative audit report [10] - Weitai will change its stock name to "*ST Weitai" and suspend trading for one day due to risk warnings [11] - ST Xinchao expects to miss the deadline for its annual report, which may lead to trading suspension [12] - XCMG plans to repurchase shares worth between 300 million and 600 million yuan [14] - SF Holding intends to repurchase shares worth between 500 million and 1 billion yuan [15] - Midea Group received a commitment from China Bank for a stock repurchase loan of up to 1 billion yuan [15] - Yitu Co. plans to repurchase up to 10% of its H-shares [16] - Beiqi Blue Valley reported a net loss of 953 million yuan in Q1 2025, despite a 150.75% increase in revenue [17] - Zhonggang Luoyang reported a 117% increase in net profit in Q1 2025, driven by revenue growth [18] - Yanghe Distillery's Q1 2025 net profit decreased by 39.93% due to market conditions [19] - CICC reported a 65% increase in net profit in Q1 2025, attributed to increased investment income [20] - WuXi AppTec's Q1 2025 net profit increased by 89.06% [21] - Lao Fengxiang's Q1 2025 net profit decreased by 24% due to declining sales [22]

Group 1: Poly Developments - Poly Developments reported a net profit of 5 billion yuan for 2024, a decrease of 58.6% year-on-year [1] - The company achieved total revenue of 311.67 billion yuan in 2024, down 10% from the previous year [2] - The gross profit margin for settlements was 14%, a decline of 2 percentage points compared to the same period last year [1][2] - The company signed a total area of 17.9661 million square meters, a decrease of 24.7% year-on-year, while sales contracts amounted to 323.029 billion yuan, down 23.5% [2] - The company maintained a cash balance of 134.2 billion yuan at the end of the year, with a net cash flow from operating activities of 6.257 billion yuan [3] Group 2: Mindray Medical - Mindray Medical reported a revenue of 36.726 billion yuan for 2024, an increase of 5.14% year-on-year [5][6] - The net profit attributable to shareholders was 11.668 billion yuan, a slight increase of 0.74% compared to the previous year [5][6] - The company's cash flow from operating activities was not disclosed in the provided data [6] Group 3: Unisplendour - Unisplendour announced plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange [9] - The company achieved a revenue of 79.024 billion yuan in 2024, a growth of 2.22% year-on-year [10] - The net profit attributable to shareholders was 1.572 billion yuan, a decrease of 25.23% compared to the previous year [10] Group 4: SF Holding - SF Holding reported a revenue of 69.849 billion yuan for the first quarter, an increase of 6.9% year-on-year [17][18] - The net profit attributable to shareholders was 2.234 billion yuan, reflecting a growth of 16.9% compared to the same period last year [17][18] - The company plans to repurchase shares worth between 500 million and 1 billion yuan [17] Group 5: Qingdao Beer - Qingdao Beer reported a revenue of 10.445 billion yuan for the first quarter, a growth of 2.91% year-on-year [20][21] - The net profit attributable to shareholders was 1.710 billion yuan, an increase of 7.08% compared to the previous year [20][21] Group 6: China State Construction - China State Construction reported a revenue of 555.3 billion yuan for the first quarter, a growth of 1.1% year-on-year [23] - The net profit attributable to shareholders was 15.01 billion yuan, reflecting a growth of 0.6% compared to the same period last year [23] Group 7: WuXi AppTec - WuXi AppTec reported a revenue of 9.655 billion yuan for the first quarter, a growth of 20.96% year-on-year [24] - The net profit attributable to shareholders was 3.672 billion yuan, a significant increase of 89.06% compared to the previous year [24] Group 8: China Nuclear Power - China Nuclear Power reported a revenue of 20.273 billion yuan for the first quarter, a growth of 12.7% year-on-year [25] - The net profit attributable to shareholders was 3.137 billion yuan, reflecting a growth of 2.55% compared to the same period last year [25] Group 9: Haitian Flavoring - Haitian Flavoring reported a revenue of 8.315 billion yuan for the first quarter, a growth of 8.08% year-on-year [26] - The net profit attributable to shareholders was 2.202 billion yuan, an increase of 14.77% compared to the previous year [26] Group 10: Yunnan Baiyao - Yunnan Baiyao reported a revenue of 10.841 billion yuan for the first quarter, a growth of 0.62% year-on-year [27] - The net profit attributable to shareholders was 1.935 billion yuan, reflecting a growth of 13.67% compared to the same period last year [27]

（经 2025 年 4 月 28 日公司第九届董事会第十二次会议审议通过） 第一章 总 则 第一条 为了加强紫光股份有限公司（以下简称"公司"）与投资者和潜在投 资者（以下简称"投资者"）之间的信息沟通，促进投资者对公司的了解和认同， 倡导理性投资，提高公司在投资者中的诚信度，实现公司价值最大化和股东利益 最大化，根据《中华人民共和国公司法》《中华人民共和国证券法》《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》等有关法律、法规和规范性文件、公司股票上市地证券监管 规则和《紫光股份有限公司章程》的规定，结合公司实际情况，制定本制度。 第二条 投资者关系管理是指公司通过充分的信息披露，运用金融和市场营 销的方法，加强公司与投资者之间的沟通，增进投资者对公司的了解和认同，维 护股东利益，提升公司治理水平，以实现公司价值最大化和股东利益最大化的战 略管理行为。 第三条 投资者关系管理的基本原则 （一）充分披露信息原则：公司应充分披露投资者关心的与公司相关的信息。 （二）合规披露信息原则：公司应遵守国家法律、法规及证券监管部门、证 券交易所对上市公司信息披露的 ...

紫光股份有限公司 独立董事制度 （已经公司第九届董事会第十二次会议审议通过，尚需提交公司股东会审议） 第一章 总 则 第一条 为了进一步完善公司治理结构，促进公司规范运作，更好地维护公司及 投资者的利益，根据《中华人民共和国公司法》（以下简称《公司法》）《上市公司治 理准则》《上市公司独立董事管理办法》（以下简称《独立董事管理办法》）《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》《紫光股份有限公司章程》（以下简称《公司章程》）、公司股票 上市地证券监管规则及其他相关法律、法规的规定，紫光股份有限公司（以下简称 "公司"）特制定本制度。 第二条 独立董事是指不在公司担任除董事外的其他职务，并与公司及公司主要 股东、实际控制人不存在直接或者间接利害关系，或者其他可能影响其进行独立客观 判断关系的董事。 第三条 独立董事对公司及公司全体股东负有忠实与勤勉的义务，应按照相关法 律、行政法规、中国证券监督管理委员会（以下简称"中国证监会"）、证券交易所业 务规则和《公司章程》的规定，认真履行职责，在董事会中发挥参与决策、监督制衡、 专业咨询作用，维护公司整体利 ...

紫光股份有限公司 董事会议事规则 （草案） 第一章 总 则 第一条 为健全和规范公司董事会议事和决策程序，确保董事会高效运作和科 学决策，完善公司治理结构，紫光股份有限公司董事会在依照《中华人民共和国公司 法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简称《证券法》）《境内 企业境外发行证券和上市管理试行办法》《香港联合交易所有限公司证券上市规则》 (以下简称"《香港上市规则》")及《紫光股份有限公司章程》（以下简称公司章程）规 定的基础上，结合本公司的具体情况，制定《董事会议事规则》，作为董事及董事会 运作的行为准则。 第二条 董事会作为公司经营管理的决策机构，应认真履行有关法律、法规、公 司章程和股东会授予的职责，确保公司遵守法律、法规和公司章程的规定，公平对待 所有股东，并关注其他利益相关者的利益。 第二章 董事的职责和任期 第三条 公司设董事会，董事由股东会选举或更换，并可在任期届满前由股东会 解除其职务。董事任期三年，任期届满，可连选连任，但独立董事连任时间不得超过 六年。董事任期从股东会决议通过之日起计算，至本届董事会任期届满时为止。董事 任期届满未及时改选，在改选出的董事就任前，原董 ...

紫光股份有限公司 内幕信息知情人登记管理制度 （经 2025 年 4 月 28 日公司第九届董事会第十二次会议审议通过） 第一章 总 则 第一条 为了进一步规范紫光股份有限公司（以下简称"公司"）内幕信息管 理行为，加强内幕信息保密工作，维护公司信息披露的公开、公平、公正原则， 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司信息披露管 理办法》《深圳证券交易所股票上市规则》《上市公司监管指引第 5 号－－上市公 司内幕信息知情人登记管理制度》等法律、法规和规范性文件、公司股票上市地 证券监管规则及《紫光股份有限公司章程》（以下简称《公司章程》）、《紫光股份 有限公司信息披露管理办法》的有关规定，制定本制度。 第二条 公司董事会对公司内幕信息知情人登记管理工作负责，保证内幕信 息知情人档案真实、准确和完整。董事长为主要负责人，董事会秘书组织实施， 董事会办公室负责公司内幕信息知情人的登记管理、披露及备案等日常管理工作。 第三条 本制度规定的内幕信息知情人应做好内幕信息保密工作，不得进行 内幕交易或配合他人操纵公司证券交易价格。 第四条 公司董事、高级管理人员及各部门、子公司和相关人员应做好内幕 ...