Core Viewpoint - Hongbo Co., Ltd. (002229.SZ) reported an increase in institutional holdings in its Q3 2025 financial report, indicating growing investor interest in the company [1] Institutional Holdings - As of October 29, 2025, four institutional investors disclosed holdings in Hongbo Co., Ltd., totaling 11.836 million shares, which represents 2.39% of the company's total share capital [1] - The institutional holding ratio increased by 0.51 percentage points compared to the previous quarter [1] Public Fund Participation - Eight public funds were not disclosed in the current period compared to the previous quarter, including notable funds such as Xinhua Pan-Resource Advantage Mixed Fund and Xinhua Preferred Growth Mixed Fund [1] Foreign Investment Trends - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings by 0.45% compared to the previous quarter [1] - Several foreign institutions, including UBS AG, Barclays Bank PLC, and Morgan Stanley & Co. International PLC, were not disclosed in the current period [1]

Group 1 - The company Hongbo Co., Ltd. reported a revenue of approximately 906 million yuan for the first three quarters of 2025, representing a year-on-year increase of 131.8% [1] - The net profit attributable to shareholders of the listed company was approximately 22.87 million yuan, reflecting a year-on-year increase of 136.88% [1] - The basic earnings per share were 0.0464 yuan, which also showed a year-on-year increase of 136.88% [1]

Group 1 - The core point of the article is that Hongbo Co., Ltd. reported significant growth in its third-quarter financial results, with a notable increase in both revenue and net profit [1] Group 2 - The company achieved a revenue of 906 million yuan in the first three quarters, representing a year-on-year increase of 131.80% [1] - The net profit attributable to shareholders reached 22.87 million yuan, marking a year-on-year growth of 136.88% [1] - The net profit excluding non-recurring gains and losses was 13.97 million yuan, which is a year-on-year increase of 116.82% [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥115,981,371.92, a decrease of 7.72% compared to the same period last year, while the year-to-date revenue reached ¥906,108,299.32, an increase of 131.80%[5] - The net profit attributable to shareholders for Q3 2025 was -¥19,387,657.70, representing a 13.67% increase year-on-year, while the year-to-date net profit was ¥22,871,481.59, up 136.88%[5] - The company's basic earnings per share for Q3 2025 was -¥0.0393, a 13.82% increase year-on-year, while the diluted earnings per share was -¥0.0391, up 14.25%[5] - Total operating revenue for the current period reached ¥906,108,299.32, a significant increase from ¥390,902,244.84 in the previous period, representing a growth of approximately 132.9%[27] - The company reported a net loss of ¥114,934,050.35, an improvement from a loss of ¥137,805,531.94 in the previous period[25] - Total profit for the current period reached ¥40,809,178.18, a significant recovery from a loss of ¥73,965,411.51 in the previous period[28] - Net profit for the current period was ¥29,972,027.77, compared to a net loss of ¥54,563,992.07 in the previous period, indicating a turnaround in profitability[28] - Basic earnings per share for the current period was ¥0.0464, compared to a loss per share of ¥0.1258 in the previous period[28] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was -¥124,959,941.60, a significant decline of 439.81% compared to the previous year[11] - The company's cash and cash equivalents decreased to ¥340,748,390.81 from ¥653,682,566.44, reflecting a decline of approximately 47.9%[23] - Total current assets decreased to ¥1,161,007,805.77 from ¥1,794,039,010.89, a reduction of about 35.3%[24] - The ending cash and cash equivalents balance was ¥307,553,483.63, down from ¥489,626,806.04 in the previous period[31] - The company reported a total operating cash outflow of ¥1,521,098,203.29, compared to ¥1,678,553,471.83 in the previous period, indicating a reduction in cash outflow[30] Liabilities and Equity - The company's total assets at the end of the reporting period were ¥2,430,772,438.50, down 22.19% from the end of the previous year[5] - The company's total liabilities decreased by 22.19% compared to the previous year, indicating a potential reduction in financial leverage[5] - Total liabilities decreased to ¥1,073,022,310.93 from ¥1,779,206,498.23, showing a decline of approximately 39.5%[25] - The company's total assets decreased to ¥2,430,772,438.50 from ¥3,123,965,114.82, representing a decrease of about 22.2%[25] Research and Development - The company's research and development expenses for the year-to-date period were ¥29,654,264.15, an increase of 53.55% compared to the previous year, indicating a focus on enhancing technological capabilities[10] - Research and development expenses for the current period were ¥29,654,264.15, up from ¥19,312,603.15 in the previous period, marking an increase of about 53.7%[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 139,721[13] - The largest shareholder, Hong Kong Central Clearing, holds 1.14% of shares, totaling 5,668,970 shares[13] - The total number of shares held by the top 10 shareholders is significant, with the top shareholder holding over 5 million shares[14] Contracts and Agreements - The company signed a contract with Beijing Jingneng for the construction of a smart computing center with a total transaction amount of RMB 999,682,000[15] - The smart computing center will have a computing power of 1024 PFLOPS, with the contract to be completed by July 2024[15] - The contract amount was revised to RMB 645,633,348.52, with a penalty and compensation totaling RMB 41,080,083.01[16] - As of June 30, 2025, the debt offset agreement with Beijing Jingneng has not been fully executed[17] - The company has entered into a cooperation agreement to establish the Beijing AI Innovation Empowerment Center, effective until August 9, 2025, to enhance its capabilities in artificial intelligence projects[21] Board of Directors - The company held its third extraordinary general meeting on September 15, 2025, to elect the seventh board of directors[18] - The seventh board consists of 7 directors, including 3 non-independent directors and 4 independent directors[19] Investments - The company's long-term equity investments increased by 47.77% year-to-date, reflecting new external investments[10] - Long-term equity investments increased to ¥137,279,442.18 from ¥92,899,468.51, indicating a growth of approximately 47.7%[24] - The company's cash flow from investing activities for the year-to-date period was -¥116,105,600.71, a 35.22% increase in outflows compared to the previous year, reflecting increased external investments[11]

Market Overview - The packaging and printing sector experienced a decline of 0.24% on October 29, with Dashing leading the drop [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance - Key gainers in the packaging and printing sector included: - Jiahe Technology (Code: 920392) with a closing price of 37.13, up 9.88% and a trading volume of 16,900 lots [1] - Hongyu Packaging (Code: 920274) with a closing price of 35.03, up 5.61% and a trading volume of 63,500 lots [1] - Hujiang Materials (Code: 920204) with a closing price of 20.65, up 5.25% and a trading volume of 23,700 lots [1] - Notable decliners included: - Dashing (Code: 603687) with a closing price of 9.08, down 5.61% and a trading volume of 227,100 lots [2] - New Giant Hand (Code: 301296) with a closing price of 8.64, down 5.37% and a trading volume of 116,300 lots [2] Capital Flow - The packaging and printing sector saw a net inflow of 39.7 million yuan from institutional investors, while retail investors experienced a net outflow of 110 million yuan [2][3] - Major stocks with significant capital inflows included: - Hongbo Co., Ltd. (Code: 002229) with a net inflow of 69.8 million yuan from institutional investors [3] - Zijiang Enterprise (Code: 600210) with a net inflow of 31.9 million yuan from institutional investors [3] - Yinglian Co., Ltd. (Code: 002846) with a net inflow of 30.9 million yuan from institutional investors [3]

Group 1 - Hongbo Co., Ltd. (002229) is currently facing investor compensation lawsuits due to false statements, with some investors already winning judgments [1] - The company announced a significant revision of its 2023 profit forecast, changing from an expected profit of 37.4 million to 56.1 million yuan to a projected loss of 50 million to 58 million yuan [1] - The China Securities Regulatory Commission (CSRC) issued a warning letter to Hongbo Co., Ltd. for violating the Information Disclosure Management Measures for Listed Companies [1] Group 2 - Attorney Xu Feng is representing investors in the Jiangsu Wuzhong (600200) compensation case, which has also been submitted to the Suzhou Intermediate People's Court [2] - Jiangsu Wuzhong is accused of failing to disclose the actual controller and inflating revenue, costs, and profits in its annual reports from 2020 to 2023 [3][4] - Investors who purchased Jiangsu Wuzhong shares between April 20, 2019, and February 27, 2025, may also initiate compensation claims [4]

Core Insights - Hongbo Co., Ltd. (002229.SZ) announced progress on a significant contract for the construction of an intelligent computing center with Beijing Jingneng International Holdings Co., Ltd. and its successor Beijing Jingneng Haibei Computing Technology Co., Ltd. [1] Group 1: Contract Details - The original contract, signed in October 2023, involved a total computing power scale of 1024 PFLOPS and an initial transaction amount of approximately 1 billion yuan [1] - Following negotiations, a revised agreement was signed in December 2024, adjusting the contract amount to approximately 646 million yuan while maintaining the computing power scale [1] - Hongbo Co. will pay a total of approximately 41.08 million yuan in penalties and compensation to Beijing Jingneng [1] Group 2: Debt Settlement - All rights and obligations of Beijing Jingneng have been inherited by Jingneng Haibei [1] - A debt offset agreement was executed, allowing Hongbo Co. to offset approximately 258 million yuan in receivables from a third party against its outstanding debts and quality deposits totaling approximately 227 million yuan owed to Jingneng Haibei [1] - After the offset, Hongbo Co. has remaining quality deposits of approximately 32.28 million yuan and receivables from third-party contracts of approximately 30.72 million yuan [1]

Core Viewpoint - Hongbo Co., Ltd. has shown a significant increase in stock price and revenue, indicating strong business performance and investor interest [1][2]. Financial Performance - As of June 30, 2025, Hongbo Co., Ltd. achieved a revenue of 790 million yuan, representing a year-on-year growth of 197.92% [2]. - The net profit attributable to shareholders for the same period was 42.26 million yuan, reflecting a year-on-year increase of 206.81% [2]. Stock Market Activity - On October 20, 2023, Hongbo's stock price rose by 2.00% to 16.81 yuan per share, with a trading volume of 126 million yuan and a turnover rate of 1.53% [1]. - The stock has increased by 40.20% year-to-date, but has seen declines of 2.55% over the last five trading days, 10.35% over the last twenty days, and 14.02% over the last sixty days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders increased to 141,600, up by 7.25% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 6.76% to 3,481 shares [2]. Dividends and Institutional Holdings - Since its A-share listing, Hongbo Co., Ltd. has distributed a total of 180 million yuan in dividends, with no dividends paid in the last three years [3]. - As of June 30, 2025, the largest circulating shareholder is Hong Kong Central Clearing Limited, holding 3.43 million shares, an increase of 180,200 shares from the previous period [3].

Core Viewpoint - Hongbo Co., Ltd. has made significant progress in the construction of an intelligent computing center through its wholly-owned subsidiary, Yingbo Digital Technology, by signing a series of contracts with Beijing Jingneng International Holdings Limited, with a total contract value of approximately 999.68 million yuan [1] Group 1: Contract Details - Yingbo Digital Technology signed a contract for the construction of an intelligent computing center with a total computing power of 1024 PFLOPS, with a total transaction amount of 999,682,000 yuan [1] - The company is set to receive payments from Beijing Jingneng on two occasions, totaling approximately 499.84 million yuan and 299.90 million yuan [1] - A supplementary agreement was signed on December 3, 2024, which revised the equipment procurement agreement, reducing the contract amount to approximately 645.63 million yuan while maintaining the computing power scale [1] Group 2: Debt Settlement - On December 3, 2024, Yingbo Digital Technology signed a debt offset agreement with Jingneng Haibei and a third party, allowing for the offset of receivables amounting to approximately 258.19 million yuan against outstanding debts and quality deposits owed to Jingneng Haibei [2] - Following the completion of the debt offset, Yingbo Digital Technology has remaining receivables of approximately 30.72 million yuan from the third party and a quality deposit of approximately 32.28 million yuan from Jingneng Haibei [2] - The completion of the debt offset agreement is expected to enhance the company's operational efficiency, with specific accounting treatments and impacts on business performance to be detailed in periodic reports [2]

证券代码：002229 证券简称：鸿博股份 公告编号：2025-057 鸿博股份有限公司 关于全资子公司日常经营重大合同的进展公告 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、合同签订的基本情况 （二）采购修订协议情况 公司于 2024 年 12 月 5 日披露了《关于全资子公司日常经营重大合同签署补 充协议的公告》（2024-077），公司全资子公司英博数科与北京京能、北京京能 海北算力科技有限公司（以下简称"京能海北"）经协商一致于 2024 年 12 月 3 日签署了《智算中心建设设备采购协议-补充协议的修订协议》（以下简称"《采 购修订协议》"），对原合同中部分条款作出调整，北京京能在原合同中的全部 权利义务由京能海北承继，同时变更智算中心一期项目 1024PFLOPS 算力对应设 备型号以及部分配套设备数量，合同交易金额由 999,681,998.61 元变更为 645,633,347.52 元，算力规模不变，另外由英博数科向北京京能支付违约金、补 偿金共计 41,080,083.01 元。 （三）债权债务抵销协议情况 英博数科与京能海北及第 ...