Group 1 - The core viewpoint is that the financial technology sector is experiencing strong growth, with the China Securities Finance Technology Theme Index rising by 2.48% and several constituent stocks showing significant gains [1] - The China Securities Regulatory Commission (CSRC) announced on December 6 that it will enhance classified regulation, optimize evaluation indicators for quality institutions, and moderately expand capital space and leverage limits to improve capital utilization efficiency [1] - Non-bank financials are currently undervalued, providing a safety margin, with the insurance sector benefiting from economic recovery and rising interest rates, particularly in health and pension insurance [1] Group 2 - The Financial Technology ETF closely tracks the China Securities Finance Technology Theme Index, which reflects the overall performance of listed companies in the financial technology sector [2] - As of November 28, 2025, the top ten weighted stocks in the index account for 53.31% of the total, including companies like Tonghuashun and Dongfang Caifu [2]

Group 1 - The company completed its share repurchase plan, acquiring a total of 14,138,825 shares, which represents 1.40% of the current total share capital [3][8] - The repurchase was conducted at a maximum price of 30.00 RMB per share and a minimum price of 20.59 RMB per share, with a total expenditure of approximately 379.95 million RMB (excluding transaction fees) [3][5] - The repurchase period lasted from February 10, 2025, to October 17, 2025, and the implementation was in accordance with the approved repurchase plan [4][9] Group 2 - The repurchased shares will be used for future employee stock ownership plans or equity incentives, and if not utilized within 36 months, the unutilized shares will be canceled [8][12] - The company confirmed that the execution of the repurchase plan did not harm the interests of the company or minority shareholders and will not adversely affect its debt repayment ability or ongoing operations [5][9] - The company has complied with all relevant regulations regarding the timing and pricing of the share repurchase [9][11] Group 3 - The company has made amendments to its Articles of Association, including the removal of the supervisory board and granting the audit committee of the board the authority to perform its functions [15][16] - The company has completed the necessary registration and filing procedures for these amendments with the relevant authorities [16] - The changes made to the Articles of Association do not involve substantial content changes and are consistent with the resolutions passed at the first extraordinary general meeting of 2025 [16]

证券代码：000997 证券简称：新大陆 公告编号：2025-071 新大陆数字技术股份有限公司 关于股份回购实施完成暨股份变动的公告 本公司及董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。 一、回购股份的基本情况 新大陆数字技术股份有限公司（以下简称"公司"）分别于 2024 年 10 月 25 日、2024 年 12 月 3 日召开了第九届董事会第三次会议、2024 年第一次临时 股东会，审议通过了《关于以集中竞价交易方式回购公司股份方案的议案》。公 司使用自有或自筹资金以集中竞价交易方式回购公司已在境内发行上市人民币 普通股（A 股）股票，回购资金总额不低于人民币 3.50 亿元（含），不超过人 民币 7.00 亿元（含），回购股份价格不超过人民币 36.79 元/股（含），具体回 购资金总额以回购期满时实际回购股份使用的资金总额为准。本次回购股份的实 施期限为自股东会审议通过回购股份方案之日起 12 个月内。（内容详见公司 2024 年 10 月 26 日披露的《关于以集中竞价交易方式回购公司股份方案的公告》、2024 年 12 月 4 日披露的《2024 年 ...

新大陆数字技术股份有限公司 章 程 二〇二五年十二月 新大陆数字技术股份有限公司章程 目 录 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第五章 董事和董事会 第六章 高级管理人员 1 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第四章 股东和股东会 第一节 股东的一般规定 第二节 控股股东和实际控制人 第三节 股东会的一般规定 第四节 股东会的召集 第五节 股东会的提案与通知 第六节 股东会的召开 第七节 股东会的表决和决议 第一节 董事的一般规定 第二节 董事会 第三节 独立董事 第四节 董事会专门委员会 新大陆数字技术股份有限公司章程 第八章 通知与公告 2 第七章 财务会计制度、利润分配和审计 第一节 财务会计制度 第二节 内部审计 第三节 会计师事务所的聘任 第一节 通知 第二节 公告 第九章 合并、分立、增资、减资、解散和清算 第一节 合并、分立、增资和减资 第二节 解散和清算 第十章 修改章程 第十一章 附则 新大陆数字技术股份有限公司章程 第一章 总 则 第一条 为维护公司、股东、职工和债权人的合法权益，规范公司的组织和 行为，根据《中华人民共和国公司法》（以下简称《公 ...

本公司及董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。 新大陆数字技术股份有限公司（以下简称"公司"）于 2025 年 8 月 25 日和 2025 年 10 月 30 日分别召开了第九届董事会第十一次会议决议、第九届监事会第 五次会议和2025年第一次临时股东会，审议通过了《关于修订<公司章程>的议案》， 同意不再设置监事会，由董事会审计委员会行使监事会的职权，同时对《公司章 程》中相关条款进行修订，授权董事会或其授权人士全权负责向相关登记机关办 理章程备案等工商变更手续，并且公司董事会或其授权人士有权按照公司登记机 关或其他政府有关主管部门提出的审批意见或要求，对本次修订后的《公司章程》 的相关条款进行必要的修改。具体内容详见同日披露在《中国证券报》、《证券 时报》、《上海证券报》及巨潮资讯网（http://www.cninfo.com.cn）的《关于修订 <公司章程>的公告》（公告编号：2025-053）。 近日，公司完成了相关工商变更登记手续及备案手续。根据福建省市场监督 管理局的要求，公司对《公司章程》进行了如下调整：1、"第八条 公司董事长 为公司的法定代 ...

新大陆公告称，公司于2024年相关会议审议通过股份回购方案，拟用3.5 - 7亿元自有或自筹资金回购股 份，价格不超36.79元/股。截至2025年10月17日，已完成回购，累计回购14,138,825股，占总股本 1.40%，最高成交价30元/股，最低20.59元/股，支付总金额37,994.85万元。本次回购符合既定方案，对 公司无不利影响，相关主体在回购期间无买卖公司股票情形。回购股份拟用于股权激励或员工持股计 划，若36个月内未使用将注销。 ...

证券日报网讯 12月2日，新大陆在互动平台回答投资者提问时表示，截至2025年11月28日，公司股东人 数为67371户。 （文章来源：证券日报） ...

Core Viewpoint - CATL is expanding its focus from electric vehicles to a comprehensive "electric society," aiming to integrate green transportation across land, sea, and air, with a particular emphasis on the emerging low-altitude economy, projected to reach a market size of 4 trillion yuan by 2035 [1][2]. Group 1: Low-altitude Economy Development - The low-altitude economy is currently in its early development stage, facing several constraints that need to be addressed [1]. - CATL is motivated to expand its battery applications into this new sector, leveraging its position as an industry leader to reshape the low-altitude economy and enhance the integration of renewable energy technologies across various sectors [1][2]. Group 2: Innovative Solutions - CATL has introduced the world's first zero-carbon water airport designed specifically for eVTOL aircraft, which features a large deck for takeoff and landing, and a cabin serving as a waiting area and maintenance room [4][6]. - This water airport is powered by a solar energy and battery system, enabling rapid charging for eVTOLs and supporting all-weather operations [4][6]. Group 3: Infrastructure and Efficiency - The zero-carbon water airport addresses traditional low-altitude infrastructure challenges such as site selection, slow deployment, and heavy maintenance, significantly improving efficiency and reducing overall costs [6][8]. - The proposed "sea and air integration" solution aims to fill the gap in low-altitude smart infrastructure, potentially creating the most intelligent and green low-altitude infrastructure network globally within the next 5-10 years [8]. Group 4: Application Scenarios - The "sea and air integration" solution is designed to meet various application needs, including marine energy platform operations, high-frequency commuting, marine tourism, emergency rescue, and mobile airport cluster operations [11]. - Initial demonstrations have shown that eVTOLs can drastically reduce travel times to offshore wind farms and oil platforms, enhancing operational efficiency by over ten times [12]. Group 5: Future Prospects - CATL plans to establish a flexible network of vessels and eVTOLs that can adapt to seasonal demands and project requirements, providing a level of operational flexibility not achievable with traditional infrastructure [13]. - The introduction of the "sea and air integration" solution signifies CATL's expansion of battery products from land vehicles to low-altitude aviation, with the potential for large-scale application [14].

Core Insights - Newland Digital Technology Co., Ltd. has seen a stock price increase of 30.62% year-to-date, with a recent trading price of 25.78 CNY per share as of November 24 [1][2] - The company reported a revenue of 6.244 billion CNY for the first nine months of 2025, reflecting a year-on-year growth of 12.04%, and a net profit of 918 million CNY, also up by 12.15% [2] Financial Performance - As of November 24, Newland's market capitalization stands at 26.118 billion CNY, with a trading volume of 171 million CNY and a turnover rate of 0.66% [1] - The company has experienced a decline in stock price over the last five days (down 0.54%), twenty days (down 5.53%), and sixty days (down 15.45%) [1] - Newland has made a total of 2.694 billion CNY in dividends since its A-share listing, with 1.062 billion CNY distributed in the last three years [2] Shareholder Information - As of September 30, 2025, Newland has 70,500 shareholders, an increase of 3.69% from the previous period, with an average of 14,292 shares held per shareholder, down by 3.56% [2][3] - The second-largest shareholder is Hong Kong Central Clearing Limited, holding 34.9898 million shares, an increase of 10.6021 million shares from the previous period [3]

Investment Rating - The report maintains an "Overweight" rating for the computer sector, recommending specific stocks such as Wuxi Unicomp Technology, Kingsoft Office, Hand Enterprise, Hikvision, Newland Digital Technology, Autel Robotics, Hygon, and related target Dawning Information Industry [3][12]. Core Insights - Google has launched Gemini 3 and Nano Banana Pro, establishing a leading position in multimodal technology, while Tencent and Alibaba are promoting AI application accessibility through their respective platforms [3][12]. - The Chinese hard tech sector is witnessing significant capitalization with Moore Threads and Unitree Robotics advancing their IPO processes, marking an acceleration in AI computing power and robotics industrialization [3][12][15]. Summary by Sections Google’s Product Launches - Google released the Gemini 3 model on November 18, achieving top scores in math, reasoning, and multimodal understanding, surpassing competitors like GPT-5.1 and Claude Sonnet 4.5 [13]. - The Nano Banana Pro model enhances text rendering accuracy in images and supports generating professional-grade images up to 4K resolution, integrating with major creative software [13]. Chinese AI Application Ecosystem - The AI application ecosystem in China is advancing with significant developments in multimodal generation and general assistants, particularly from companies in Hangzhou [14]. - Alibaba launched the "Qianwen" App, expanding its AI strategy from B2B to B2C, while Ant Group introduced the "Lingguang" AI assistant for mobile applications [14]. Hard Tech Capitalization - Moore Threads is set to launch an IPO at RMB 114.28 per share, aiming to raise RMB 8 billion for AI training and inference chip development [15]. - Unitree Robotics is also progressing towards a domestic stock issue, with a product line that includes quadruped and humanoid robots [15].