证券代码：000988 证券简称：华工科技 公告编号：2025-65 华工科技产业股份有限公司 关于修订部分公司治理制度的公告 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。 二、备查文件 1、公司第九届董事会第十九次会议决议。 特此公告 华工科技产业股份有限公司董事会 华工科技产业股份有限公司（以下简称"华工科技"或"公司"）于 2025 年 12 月 1 日召开第九届董事会第十九次会议，审议通过了《关于修订部分公司 治理制度的议案》。具体情况如下： 一、相关制度修订情况 为进一步完善公司治理结构，规范公司运作，根据《中华人民共和国公司法》 《上市公司章程指引》《深圳证券交易所股票上市规则》等法律、法规和规范性 文件的要求，结合公司的实际情况，对以下治理制度进行了修订： | 序号 | 制度名称 | 类型 | 是否需要提交 股东大会审议 | | --- | --- | --- | --- | | 1 | 《董事会议事规则》 | 修订 | 是 | | 2 | 《股东会议事规则》 | 修订 | 是 | | 3 | 《独立董事工作制度》 | 修订 | 是 | | 4 ...

证券代码：000988 证券简称：华工科技 公告编号：2025-69 华工科技产业股份有限公司 1、股东大会届次：2025 年第四次临时股东大会 2、股东大会的召集人：公司第九届董事会 3、本次股东大会的召集、召开符合《中华人民共和国公司法》《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》等法律、行政法规、部门规章、规范性文件及《公司章程》 的有关规定。 4、会议时间 （1）现场会议时间：2025年12月17日14: 30 （2）网络投票时间：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12月17日9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所 互联网投票系统投票的具体时间为2025年12月17日9:15至15:00的任意时间。 5、会议的召开方式：现场表决与网络投票相结合。 关于召开 2025 年第四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。 华工科技产业股份有限公司（以下简称"华工科技"或"公司"）于 2025 年 1 ...

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。 一、监事会会议召开情况 证券代码：000988 证券简称：华工科技 公告编号：2025-63 华工科技产业股份有限公司 第九届监事会第十次会议决议公告 本议案尚需提交公司股东大会审议。 具体内容详见同日在指定媒体披露的《关于取消监事会并修订〈公司章程〉 的公告》（公告编号：2025-64）。 三、备查文件 1、经与会监事签字并加盖监事会印章的第九届监事会第十次会议决议。 特此公告 华工科技产业股份有限公司监事会 华工科技产业股份有限公司（以下简称"华工科技"或"公司"）于 2025 年 11 月 25 日以电话及邮件方式向全体监事发出了"关于召开第九届监事会第十 次会议的通知"。本次会议于 2025 年 12 月 1 日以通讯方式召开。会议应出席监 事 5 人，实际收到表决票 5 票，本次会议由监事长张继广先生主持。会议的召开 符合《公司法》及《公司章程》的规定。 二、监事会会议审议情况 1、审议通过《关于取消监事会并修订〈公司章程〉的议案》 表决结果：同意 5 票，反对 0 票，弃权 0 票。 为落实监事会改革 ...

证券代码：000988 证券简称：华工科技 公告编号：2025-62 华工科技产业股份有限公司 第九届董事会第十九次会议决议公告 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。 一、董事会会议召开情况 华工科技产业股份有限公司（以下简称"华工科技"或"公司"）于 2025 年 11 月 25 日以电话及邮件方式向全体董事发出了"关于召开第九届董事会第十 九次会议的通知"。本次会议于 2025 年 12 月 1 日以通讯方式召开。会议应出席 董事 9 人，实际收到表决票 9 票，本次会议由董事长马新强先生主持。会议的召 开符合《公司法》及《公司章程》的规定。 二、董事会会议审议情况 1、审议通过《关于取消监事会并修订〈公司章程〉的议案》 表决结果：同意 9 票，反对 0 票，弃权 0 票。 为落实监事会改革有关要求，进一步提升公司规范运作水平，完善治理结构， 根据《公司法》《上市公司章程指引》《关于新〈公司法〉配套制度规则实施相 关过渡期安排》等法律、法规及规范性文件的规定，公司拟取消监事会，监事会 相关职权由董事会审计委员会行使，《监事会议事规则》等监事会相关 ...

Core Viewpoint - The data indicates significant capital outflows from the top 20 stocks as of December 1, with notable amounts withdrawn from various companies [1] Group 1: Major Capital Outflows - Industrial Fulian experienced the highest outflow at -9.20 billion yuan [1] - Sunshine Power followed with an outflow of -7.95 billion yuan [1] - Shenghong Technology saw a capital outflow of -7.62 billion yuan [1] Group 2: Additional Notable Outflows - Qianzhao Optoelectronics had an outflow of -6.50 billion yuan [1] - Changxin Bochuang recorded -4.69 billion yuan in outflows [1] - Shannon Chip Creation experienced -4.47 billion yuan in capital outflows [1] Group 3: Other Companies with Significant Outflows - BlueFocus Media had an outflow of -3.86 billion yuan [1] - Dongfang Fortune saw -3.76 billion yuan in outflows [1] - Shanghai Electric experienced a capital outflow of -3.09 billion yuan [1] Group 4: Remaining Companies in the Top 20 - Dongxin Co. had an outflow of -2.79 billion yuan [1] - Zhongwei Company saw -2.76 billion yuan in outflows [1] - 360 Security Technology experienced a capital outflow of -2.65 billion yuan [1] - Other companies with notable outflows include Dongtian Micro (-2.40 billion yuan), Aerospace Power (-2.34 billion yuan), and Huagong Technology (-2.30 billion yuan) [1]

Core Insights - The report by Ernst & Young highlights a growth trend in IPO activities in mainland China and Hong Kong, with A-shares and Hong Kong markets accounting for 16% and 33% of global IPO numbers and fundraising amounts respectively [1] - Chinese companies secured five positions in the global top ten IPOs, with an increase in numbers compared to 2024, primarily in the automotive, mining, energy, and advanced manufacturing sectors [1] - The industrial, technology, and materials sectors are the top three in terms of IPO quantity [1] Market Performance - The A-share market has shown signs of recovery amidst fluctuations, with overall market confidence improving and a strong technical outlook [2] - The "14th Five-Year Plan" policies, capital market developments, and declining interest rates are positively influencing the market, indicating a phase of recovery [2] - Third-quarter reports indicate moderate improvements in fundamentals, which may drive further market recovery [2] Index and ETF Information - The CSI 500 Quality Growth Index selects 100 companies with high profitability, sustainable earnings, and strong cash flow from the CSI 500 Index, providing diverse investment options [2] - As of October 31, 2025, the top ten weighted stocks in the CSI 500 Quality Growth Index accounted for 21.64% of the index [2] - The top ten stocks include Huagong Technology, Kaiying Network, Dongwu Securities, Tianshan Aluminum, Keda Li, Crystal Optoelectronics, Shunluo Electronics, Chuangfeng Power, Changjiang Securities, and Shanghai Electric [2][4]

Market Overview - The state-owned enterprise reform sector declined by 0.4% compared to the previous trading day, with Jiuzhiyang leading the decline [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Top Performers in State-Owned Enterprise Reform Sector - Huashu Holdings (000509) closed at 4.03, up 10.11% with a trading volume of 296,500 shares and a turnover of 116 million yuan [1] - Teda Co., Ltd. (000652) closed at 4.59, up 10.07% with a trading volume of 828,800 shares and a turnover of 376 million yuan [1] - Te Fa Information (000070) closed at 13.92, up 10.04% with a trading volume of 2,296,300 shares and a turnover of 3.122 billion yuan [1] - Shanghai Mechanical & Electrical (600835) closed at 33.00, up 10.00% with a trading volume of 537,500 shares and a turnover of 1.703 billion yuan [1] Underperformers in State-Owned Enterprise Reform Sector - Jiuzhiyang (300516) closed at 53.35, down 12.83% with a trading volume of 263,100 shares and a turnover of 1.451 billion yuan [2] - Aerospace Development (000547) closed at 12.69, down 10.00% with a trading volume of 4,955,900 shares and a turnover of 6.514 billion yuan [2] - China Shipbuilding Defense (600685) closed at 29.89, down 9.34% with a trading volume of 832,200 shares and a turnover of 2.503 billion yuan [2] Capital Flow Analysis - The state-owned enterprise reform sector experienced a net outflow of 8.337 billion yuan from institutional investors, while retail investors saw a net inflow of 5.888 billion yuan [2] - Notable net inflows from retail investors were observed in Shanghai Mechanical & Electrical (600835) with 250 million yuan and Huagong Technology (000988) with 216 million yuan [3]

Core Insights - The automation equipment sector experienced a slight increase of 0.3% on November 26, with Zhili Fang leading the gains [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Stock Performance - Zhili Fang (301312) closed at 48.45, up 6.46% with a trading volume of 53,500 shares and a transaction value of 255 million [1] - Weichuang Electric (688698) closed at 86.68, up 6.17% with a trading volume of 76,000 shares and a transaction value of 641 million [1] - Other notable performers include Kaidi Co. (605288) up 3.00%, and Maide Medical (688310) up 2.63% [1] Fund Flow Analysis - The automation equipment sector saw a net outflow of 43.65 million from institutional investors, while retail investors experienced a net outflow of 85.44 million [2] - Conversely, speculative funds recorded a net inflow of 129 million [2] Individual Stock Fund Flow - Huagong Technology (000988) had a net inflow of 216 million from institutional investors, but a net outflow of 193.62 million from speculative funds [3] - Luobotek (300757) saw a net inflow of 46.96 million from institutional investors, with a net outflow of 20.99 million from speculative funds [3] - Leisai Intelligent (002979) had a significant net inflow of 36.46 million from institutional investors, but faced a net outflow of 16.36 million from speculative funds [3]

Core Insights - The article highlights the growth of the Zhongzheng 500 Quality Growth Index, which increased by 0.63% as of November 26, 2025, with notable stock performances from companies like Liugong and Juxing Technology [1] - The Ministry of Industry and Information Technology has issued guidelines for high-standard digital park construction, emphasizing the digital transformation of the manufacturing sector and the integration of AI with manufacturing [1] - CITIC Securities projects that the market size for embodied intelligence will exceed one trillion, driven by the generalization capabilities of large models, which can facilitate the scaling of various applications [1] Industry Overview - Industrial robot production saw a year-on-year increase of 17.9% in October, with a cumulative growth of 28.8% from January to October, indicating a rapid development in the humanoid robot sector [2] - Domestic policies aimed at improving manufacturing profitability and reducing competition are expected to boost demand for machinery and equipment [2] - The Zhongzheng 500 Quality Growth ETF closely tracks the Zhongzheng 500 Quality Growth Index, which selects 100 companies with strong profitability and growth potential from the broader Zhongzheng 500 Index [2] Key Stocks - As of October 31, 2025, the top ten weighted stocks in the Zhongzheng 500 Quality Growth Index accounted for 21.64% of the index, with Huagong Technology and Kaiying Network being the top two [2] - The performance of individual stocks within the index varied, with Huagong Technology increasing by 3.08% and Tianshan Aluminum decreasing by 0.47% [4]

Core Viewpoint - The report from Zhongyuan Securities indicates that a series of AI industry catalytic events will occur in 2026, strengthening the leading position of top optical module manufacturers due to their technological, customer, and scale advantages. The current valuation of the communication industry index is below the ten-year average, and the industry maintains a "stronger than the market" investment rating based on performance growth expectations and valuation levels [1][2]. Summary by Sections Review of 2025 - In early 2025, the DeepSeek large model boosted market sentiment, and the three major operators completed the deployment of DeepSeek computing power private networks, enhancing their cloud service capabilities. Domestic cloud manufacturers provided positive capital expenditure guidance, leading to an increase in industry valuations. However, from February to April, the industry index experienced significant fluctuations due to concerns over U.S. tariff policies and future demand for optical modules. By mid-April, the easing of tariff policies and validation of AI computing power demand led to a gradual recovery in the industry index and valuations. In late July, North American cloud manufacturers raised their capital expenditure guidance, further catalyzing the industry. Since September, leading manufacturers faced short-term performance fatigue due to product iterations and customer structure adjustments, raising concerns about unclear downstream business models [2]. Outlook for 2026 - A series of AI industry catalytic events are expected, including the mass production of NVIDIA's next-generation Rubin GPU, the release of Google's new large model Gemini, and clear capital expenditure guidance from cloud manufacturers. AI smartphones equipped with large models are anticipated to become personalized smart assistants, potentially driving the next wave of smartphone upgrades. The development of key 6G technologies by telecom operators is expected to accelerate revenue growth from AI computing power. The report is optimistic about the high industry prosperity and strong growth potential of optical modules, optical devices, optical chips, and the increasing penetration of AI smartphones, as well as the stable operations of quality dividend assets in telecom operators [3][4]. Capital Expenditure Outlook for Leading Cloud Manufacturers - The demand for 800G is increasing, and the industry is transitioning from 800G to 1.6T technology. Leading optical module manufacturers are expected to further highlight their advantages due to technological leadership, stable customer relationships, and scalable delivery capabilities. The development of AI is driving the construction of large data centers, benefiting optical device manufacturers. The long R&D and expansion cycles for optical chips create high barriers in technology, talent, customer validation, and capital, leading to a persistent supply-demand gap for certain optical chips. The increasing demand for domestic controllable solutions is expected to translate into performance for domestic computing power. Recommended companies to watch include: NewEase, Huagong Technology, Guangxun Technology, Yuanjie Technology, Shijia Photon, and Taicheng Light [4]. AI Smartphones and Market Trends - Generative AI smartphones are set to provide users with new interactive experiences, multimodal content generation capabilities, personalized services, and innovative application ecosystems. The continuous improvement of edge AI computing power and large model capabilities is expected to further increase the market penetration of AI smartphones. Innovations and upgrades in AI smartphones are likely to lead to higher average selling prices and improved profit margins. The growth in edge AI shipments will drive sustained growth in core product lines of consumer electronics components [5]. Telecom Operators' Performance - The three major telecom operators are considered quality dividend assets with high dividend yield potential, offering cash dividends twice a year. The quality of traditional business revenue is improving, and a decrease in capital expenditure is expected to lower future depreciation and amortization costs, maintaining stable operations. Additionally, telecom operators are likely to leverage their advantages in data centers, big data, and network infrastructure to reconstruct business models with the help of AI. Investment recommendations include focusing on the optical module, optical device, and optical chip sectors, as well as AI smartphone and telecom operator sectors [6].