Financial Performance Forecast - The company expects a net profit attributable to shareholders of 46 million to 55 million yuan for 2024, a significant recovery from a loss of 1.822 billion yuan in the same period last year [3]. - The net profit after deducting non-recurring gains and losses is projected to be between 20 million and 29 million yuan, compared to a loss of 1.877 billion yuan in the previous year [3]. - Basic earnings per share are anticipated to be between 0.05 yuan and 0.07 yuan, recovering from a loss of 2.22 yuan per share in the same period last year [3]. - There are no significant uncertainties affecting the accuracy of the performance forecast, with final audited financial data to be disclosed in the 2024 annual report [7]. Business Development - The company has made progress in its 5G reading and messaging business, with an increasing number of customers during the reporting period [5]. - The international business has seen rapid growth, contributing to enhanced competitiveness and influence in the global cloud communication industry [6]. - The company has optimized its business processes and improved operational efficiency, leading to a decrease in operating costs compared to the previous year [6].

Group 1: Company Overview and Market Position - DreamNet Technology is a leading cloud communication service provider in China, with 24 years of industry experience [3] - The market for A2P messaging continues to grow steadily, despite a decline in C2C messaging, indicating a stable demand for SMS services [3] - The company aims to leverage the 2 trillion RMB market opportunity through innovative products like 5G messaging [3] Group 2: Acquisition of Bicheng Digital - DreamNet plans to acquire 100% of Bicheng Digital to enhance its business capabilities and accelerate growth [3] - Bicheng Digital is recognized as a leading e-commerce service provider, holding certifications such as Tmall Six-Star and Douyin Diamond, which enhance its competitive edge [4] - The acquisition is expected to create synergies, allowing DreamNet to expand its reach in private traffic operations and embrace AI technologies [3][4] Group 3: Competitive Advantages and Future Strategies - Bicheng Digital's strong market position is supported by its extensive experience and a solid reputation among top-tier clients [4] - The collaboration will focus on promoting DreamNet's messaging products to consumer brands and enhancing e-commerce marketing strategies [4][5] - Future plans include developing a traffic platform and establishing a private e-commerce ecosystem using DreamNet's messaging solutions [4] Group 4: AI Integration and Marketing Innovations - DreamNet is investing in AI to enhance marketing capabilities, focusing on personalized content generation and customer interaction [5] - The establishment of two dedicated AI marketing divisions aims to integrate AI solutions with Bicheng Digital's existing strengths [5] - The goal is to improve conversion rates and customer engagement through advanced AI-driven marketing strategies [5]

Investment Rating - The report maintains a "Recommend" rating for Dream Network Technology (002123 SZ) [4][6] Core Views - Dream Network Technology plans to acquire 100% of Bicheng Digital, a leading e-commerce service provider in China, to create synergies and enhance overall competitiveness [1] - The acquisition is expected to upgrade Dream Network's traditional messaging platform to a 5G/AI messaging platform, offering a new "Message as a Service" model with significant market potential [4] - The company's revenue is forecasted to grow from 5 5 billion in 2024 to 6 7 billion in 2026, with net profit attributable to parent company shareholders increasing from 79 million to 315 million during the same period [4][5] Business Synergies - Dream Network and Bicheng Digital have high customer overlap and complementary businesses, which is expected to create strong synergies [2] - Bicheng Digital can leverage Dream Network's messaging capabilities to reach more potential customers, while Dream Network can expand its service range through Bicheng Digital's enterprise clients [2] Financial Projections - Revenue growth is projected at 5 1% in 2024, 9 8% in 2025, and 10 4% in 2026 [5] - Net profit growth is forecasted at 104 3% in 2024, 151 8% in 2025, and 58 1% in 2026 [5] - EPS is expected to increase from 0 10 yuan in 2024 to 0 39 yuan in 2026 [5] Technological Advancements - Dream Network has launched its Cloud Communication 3 0 platform, integrating various messaging channels and AI capabilities [3] - The company has introduced Volcano Engine's Doubao large model, enabling enterprise clients to access advanced AI functions like text generation, speech recognition, and video generation [3] Valuation Metrics - PE ratio is projected to decrease from 120 in 2024 to 30 in 2026 [5] - PB ratio is expected to decline from 5 9 in 2023 to 4 4 in 2026 [5] - EV/EBITDA is forecasted to improve from -131 21 in 2023 to 18 55 in 2026 [10]

Core Viewpoint - Mengwang Technology (002123.SZ) has resumed trading with a price increase of 9.99%, reaching 11.89 yuan, and a total market capitalization of 9.519 billion yuan, following the announcement of a plan to acquire 100% of Hangzhou Bicheng Digital Technology Co., Ltd. through a combination of share issuance and cash payment [1] Group 1: Transaction Details - The share issuance price for the asset acquisition is set at 8.30 yuan per share [2] - The total amount of funds raised will not exceed 100% of the transaction price for the asset acquisition, with the number of shares issued not exceeding 30% of the total share capital post-transaction [2] - The raised funds will be used for cash payment for the transaction, intermediary fees, transaction taxes, and to supplement the company's working capital, with a maximum of 25% of the transaction price or 50% of the total raised funds allocated for working capital [2] Group 2: Related Parties and Transactions - The transaction is expected to constitute a related party transaction, involving 16 investors including Liu Hongbin and Feng Xing, who are not related to the listed company [4] - Post-transaction, Liu Hongbin and Feng Xing are expected to hold over 5% of the listed company's shares, indicating a related party transaction [4] - The transaction is also expected to be classified as a major asset restructuring [5] Group 3: Financial Performance - Mengwang Technology's revenue from 2021 to 2023 was 3.175 billion yuan, 4.157 billion yuan, and 5.234 billion yuan, respectively, with net losses of 238 million yuan, 722 million yuan, and 1.822 billion yuan [6] - In the first three quarters of 2024, Mengwang Technology reported a revenue of 3.305 billion yuan, a year-on-year decrease of 0.76%, but a net profit of 30 million yuan, a year-on-year increase of 491.98% [6] - Bicheng Digital's revenue for 2022 and 2023 was 1.278 billion yuan and 1.591 billion yuan, with net profits of 80 million yuan and 99 million yuan, respectively [7]

上市地点：深圳证券交易所 股票简称：梦网科技 股票代码：002123 梦网云科技集团股份有限公司 发行股份及支付现金购买资产并募集配套资金 暨关联交易预案（摘要） | 项目 | 交易对方 | | --- | --- | | 发行股份购买资产 | 刘宏斌、冯星等 16 名投资者 | | 募集配套资金 | 不超过 35 名特定投资者 | 二○二五年一月 梦网云科技集团股份有限公司 发行股份及支付现金购买资产并募集配套资金暨关联交易预案（摘要） 声明 本部分所述词语或简称与预案（摘要）"释义"所述词语或简称具有相同含义。 一、上市公司声明 本公司及全体董事、监事、高级管理人员承诺预案及其摘要的内容真实、准确、 完整，保证不存在任何虚假记载、误导性陈述或者重大遗漏，并对所提供信息的真实 性、准确性和完整性承担个别和连带的法律责任。如因提供的信息存在虚假记载、误 导性陈述或重大遗漏，给上市公司或者投资者造成损失的，将依法承担赔偿责任。 本公司及董事会全体成员保证预案所引用的相关数据的真实性和合理性。截至预 案签署日，与本次交易相关的审计、评估工作尚未完成。标的公司经审计的财务数据、 评估结果将在重组报告书中予以披露。标 ...

证券代码：002123 证券简称：梦网科技 公告编号：2025-009 梦网云科技集团股份有限公司 关于暂不就本次交易事宜召开股东大会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 梦网云科技集团股份有限公司（以下简称"公司"）拟发行股份及支付现金 购买杭州碧橙数字技术股份有限公司全部股份并募集配套资金（以下简称"本次 交易"）。 公司于 2025 年 1 月 14 日召开第八届董事会第三十五次会议审议通过了《梦 网云科技集团股份有限公司发行股份及支付现金购买资产并募集配套资金暨关 联交易预案》及其摘要等与本次交易相关的议案。具体内容详见公司同日披露在 巨潮资讯网（www.cninfo.com.cn）的相关公告。 截至本公告披露日，本次交易涉及标的资产的审计、评估工作尚未完成，公 司董事会决定暂不召开股东大会审议本次交易相关议案。公司将在相关审计、评 估工作完成后，再次召开董事会会议审议本次交易的相关事项，并由董事会提请 股东大会审议与本次交易相关的议案。敬请广大投资者关注公司在巨潮资讯网 （www.cninfo.com.cn）披露的相关公告，并注意投 ...

证券代码：002123 证券简称：梦网科技 公告编号：2025-008 梦网云科技集团股份有限公司 第八届监事会第二十七次会议决议公告 本公司及监事会会全体成员保证信息披露内容的真实、准确和完整，没 有虚假记载、误导性陈述或重大遗漏。 根据《公司法》、《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司重大资产重组管理办法（2023 年修订）》（以下简称"《重组管理办 法》"）、《上市公司证券发行注册管理办法》、《上市公司监管指引第 9 号— —上市公司筹划和实施重大资产重组的监管要求》等法律、行政法规、部门规章 和规范性文件的相关规定，经对公司实际情况及相关事项进行自查及论证，监事 会认为本次交易符合相关法律、法规、部门规章及规范性文件规定的各项条件。 本议案需提交股东大会审议。 一、监事会会议召开情况 梦网云科技集团股份有限公司（以下简称"公司"）第八届监事会第二十七 次会议通知于2025年1月13日以传真、电子邮件等书面形式通知了公司全体监事。 会议于2025年1月14日以现场加通讯的方式进行表决。鉴于本次审议事项较为紧 急，全体监事一致同意豁免召开本次监事会的提前通知时限要求。会议应出席监 ...

梦网云科技集团股份有限公司 第八届董事会 2025 年第一次独立董事专门会议决议 梦网云科技集团股份有限公司（以下简称"公司"）第八届董事会2025年第一 次独立董事专门会议于2025年1月14日以现场加通讯的形式召开。会议应出席独立董 事三人，实际出席独立董事三人，经独立董事推举本次会议由王永先生召集并主 持，本次会议符合《中华人民共和国公司法》（以下简称"《公司法》"）《梦网 云科技集团股份有限公司章程》（以下简称"《公司章程》"）《上市公司独立董 事管理办法》的有关规定，会议的召开合法有效。会议审议并通过了以下决议： （一）以 3 票同意，0 票反对，0 票弃权，审议通过了《关于公司符合发行股份 及支付现金购买资产并募集配套资金暨关联交易相关法律法规规定条件的议案》。 公司拟通过发行股份及支付现金相结合的方式购买杭州碧橙数字技术股份有限 公司全部股东股份并同时拟向不超过 35 名（含）符合条件的特定对象发行股份募集 配套资金（以下简称"本次交易"）。 根据《公司法》《中华人民共和国证券法》（以下简称"《证券法》"）、《上 市公司重大资产重组管理办法（2023 年修订）》（以下简称"《重组管理办法》"）、 ...

证券代码：002123 证券简称：梦网科技 公告编号：2025-007 梦网云科技集团股份有限公司 第八届董事会第三十五次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，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 梦网云科技集团股份有限公司（以下简称"公司"）第八届董事会第三十五 次会议通知及会议材料于2025年1月13日以传真、电子邮件等方式发送给公司全 体董事、监事和高级管理人员，会议于2025年1月14日以现场加通讯方式进行表 决。鉴于本次审议事项较为紧急，全体董事一致同意豁免召开本次董事会的提前 通知时限要求。会议应参与表决董事7人，实际参与表决董事7人，各位董事对本 次会议召开程序予以认可。本次会议符合《中华人民共和国公司法》（以下简称 "《公司法》"）及《梦网云科技集团股份有限公司章程》（以下简称"《公司 章程》"）的有关规定，会议的召开合法、有效。 二、董事会会议审议情况 会议审议并通过了以下决议： （一）以 7 票同意，0 票反对，0 票弃权，审议通过了《关于公司符合发行 股份及支付现金购买资产并募集配套资金暨关联交易相关法律法规规定条件的 议案》。 ...

证券代码：002123 证券简称：梦网科技 公告编号：2025-010 梦网云科技集团股份有限公司（证券简称：梦网科技，证券代码：002123） 将于 2025 年 1 月 16 日（星期四）开市起复盘。 一、公司股票停牌情况 梦网云科技集团股份有限公司（以下简称"公司"或"梦网科技"）正在筹 划发行股份及支付现金购买资产并募集配套资金暨关联交易事项（以下简称"本 次交易"），因本次交易尚存在不确定性，为了维护投资者利益，避免对公司证 券交易造成重大影响，根据深圳证券交易所的相关规定，经公司申请，公司股票 （证券简称：梦网科技，证券代码：002123）自 2025 年 1 月 2 日开市起停牌， 预计停牌时间不超过 10 个交易日。具体内容详见公司于 2025 年 1 月 2 日刊登 于巨潮资讯网的《关于筹划发行股份及支付现金购买资产事项的停牌公告》（公 告编号：2025-002）。 二、本次交易进展及股票复牌安排 2025 年 1 月 14 日，公司与交易对方就本次交易签署了附条件生效的《梦网 云科技集团股份有限公司与杭州碧橙数字技术股份有限公司全体股东之发行股 份及支付现金购买资产框架协议》 梦网云科技集 ...