Core Viewpoint - Guangxun Technology's stock has shown volatility with a year-to-date increase of 15.43%, but a recent decline of 10.03% over the past five trading days, indicating potential market fluctuations and investor sentiment shifts [1] Company Overview - Guangxun Technology, established on January 22, 2001, and listed on August 21, 2009, specializes in the research, production, sales, and technical services of optoelectronic devices and subsystems [1] - The company's revenue composition is as follows: Data and Access 70.86%, Transmission 28.94%, Other 0.20% [1] Financial Performance - For the first half of 2025, Guangxun Technology reported a revenue of 5.243 billion yuan, representing a year-on-year growth of 68.59%, and a net profit attributable to shareholders of 372 million yuan, up 78.42% [2] - The company has distributed a total of 1.641 billion yuan in dividends since its A-share listing, with 537 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, Guangxun Technology had 130,200 shareholders, an increase of 5.18% from the previous period, with an average of 5,938 circulating shares per shareholder, a decrease of 4.91% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 10.3308 million shares, a decrease of 1.0675 million shares from the previous period [3]

Core Viewpoint - Guangxun Technology's stock has experienced a significant decline, with a 9.83% drop over the last four days, leading to a current price of 59.08 CNY per share and a market capitalization of 47.669 billion CNY [1] Group 1: Company Overview - Guangxun Technology, established on January 22, 2001, and listed on August 21, 2009, is located in Wuhan, Hubei Province. The company specializes in the research, production, sales, and technical services of optoelectronic devices and subsystems [1] - The company's main business revenue composition is as follows: Data and Access 70.86%, Transmission 28.94%, Other 0.20% [1] Group 2: Shareholder Analysis - E Fund's ETF, the E Fund CSI Artificial Intelligence Theme ETF (159819), is among the top ten circulating shareholders of Guangxun Technology, having increased its holdings by 129,000 shares in Q2, totaling 4.1583 million shares, which represents 0.54% of circulating shares [2] - The estimated floating loss for E Fund CSI Artificial Intelligence Theme ETF today is approximately 12.9323 million CNY, with a total floating loss of 28.1933 million CNY over the four-day decline [2] - The E Fund CSI Artificial Intelligence Theme ETF has a current size of 16.578 billion CNY and has achieved a year-to-date return of 62.53% [2] Group 3: Fund Performance - E Fund's ETF, the E Fund CSI National New Central Enterprise Technology Leading ETF (563050), has reduced its holdings in Guangxun Technology by 14,100 shares, now holding 170,300 shares, which constitutes 3.46% of the fund's net value [3] - The estimated floating loss for this ETF today is about 52,960 CNY, with a total floating loss of 115,460 CNY during the four-day decline [3] - The E Fund CSI National New Central Enterprise Technology Leading ETF has a current size of 243 million CNY and has recorded a year-to-date return of 26.83% [3]

Investment Rating - The report suggests to continue focusing on investment opportunities within the communication industry [2] Core Insights - The communication industry showed steady revenue growth and accelerated profitability in H1 2025, with total revenue reaching 1785.003 billion yuan, a year-on-year increase of 10.07%, and net profit attributable to shareholders at 160.432 billion yuan, up 11.26% year-on-year [4][7] - The AI computing industry chain is expected to continue accelerating its development in 2025, benefiting the communication industry [17][19] Summary by Sections H1 2025 Performance Overview - The communication industry achieved a total revenue of 1785.003 billion yuan in H1 2025, with a year-on-year growth of 10.07%, and a net profit of 160.432 billion yuan, reflecting an 11.26% increase [4][7] Segment Performance Changes - In H1 2025, the optical module and device segment reported revenue of 47.988 billion yuan, a year-on-year increase of 64.88%, and net profit of 10.876 billion yuan, up 111.99% [25] - The communication PCB segment achieved revenue of 57.249 billion yuan, a year-on-year increase of 37.66%, and net profit of 8.058 billion yuan, up 80.79% [31] - The network equipment segment generated revenue of 507.111 billion yuan, a year-on-year increase of 28.86%, with net profit of 19.184 billion yuan, up 19.57% [37] AI Industry Chain Investment - Major overseas cloud companies are expected to maintain optimistic growth in capital expenditures, with a total of 95 billion USD in Q2 2025, reflecting an 82.96% year-on-year increase [17] - Companies like Oracle and Nvidia are showing strong growth prospects in their AI-related businesses, with Oracle's unfulfilled revenue reaching 455 billion USD, a year-on-year increase of 359% [22][19]

Core Viewpoint - Wuhan Guangxun Technology Co., Ltd. plans to issue A-shares to specific investors, including its actual controller, China Information Communication Technology Group, with a total amount not exceeding RMB 350 million and a maximum of 242,055,525 shares [4][24]. Group 1 - The company held board meetings on September 9 and October 10, 2025, to approve the issuance plan and its revisions [1][5]. - The revised plan includes specific details about the number of shares to be issued and the participation of related parties [4][7]. - The issuance is subject to approval from China Information Communication Technology Group, the shareholders' meeting, Shenzhen Stock Exchange, and the China Securities Regulatory Commission [2][10]. Group 2 - The maximum number of shares to be issued is set at 242,055,525, which constitutes no more than 30% of the company's total share capital before the issuance [17][23]. - The actual controller, China Information Communication Technology Group, will subscribe for at least 10% and up to 38% of the total shares issued [24][29]. - The board and supervisory committee meetings confirmed the legality and compliance of the revised agreements and issuance plan [14][15]. Group 3 - The company will not hold a shareholders' meeting to discuss the issuance until all preparatory work is completed, and a new notice will be issued [12][31]. - The independent directors have reviewed and approved the revised issuance plan, confirming that it aligns with legal and regulatory requirements [8][15]. - The company will ensure that related transactions do not harm the interests of minority shareholders [8][14].

Group 1 - The core point of the article is that Guangxun Technology (SZ 002281) held its 29th meeting of the 7th Board of Directors on October 10, 2025, to discuss the issuance of a notice for a shareholders' meeting [1] - For the first half of 2025, Guangxun Technology's revenue composition was entirely from the telecommunications equipment manufacturing industry, accounting for 100.0% [1] - As of the time of reporting, Guangxun Technology's market capitalization was 50.9 billion yuan [1]

武汉光迅科技股份有限公司 附条件生效的向特定对象发行股份认购协议 （修订稿） 法定代表人：黄宣泽 住所：武汉东湖新技术开发区流苏南路 1 号（自贸区武汉片区） 鉴于： 1、 甲方系一家依据中华人民共和国（以下简称"中国"，为本协议之目的，仅 指大陆境内，不含香港、澳门及中国台湾地区）法律设立并合法存续的有限责任 公司。 甲方：中国信息通信科技集团有限公司 法定代表人：何书平 住所：武汉市东湖新技术开发区高新四路 6 号烽火科技园 乙方：武汉光迅科技股份有限公司 本协议由以下当事人于 2025 年 10 月 10 日在湖北省武汉市签署： 2、 乙方系一家依据中国法律设立并合法存续的股份有限公司，于 2009 年 8 月 21 日在深圳证券交易所上市交易，股票代码为"002281"。 3、 乙方拟向特定对象发行不超过 242,055,525 股人民币普通股（A 股）股票（最 终发行数量上限将以中国证监会同意注册的批复文件为准）；甲方同意以现金方 式参与本次向特定对象发行股票的认购，认购比例不低于本次向特定对象发行股 1 份总数的 10%，且不超过本次向特定对象发行股份总数的 38%。 为此，甲、乙双方根据《中华人 ...

武汉光迅科技股份有限公司 关于 2025 年度向特定对象发行 A 股股票预案 修订情况说明的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 证券代码：002281 证券简称：光迅科技 公告编号：（2025）056 证券代码：002281 证券简称：光迅科技 公告编号：（2025）056 武汉光迅科技股份有限公司（以下简称"公司"）于 2025 年 9 月 9 日召开第 七届董事会第二十八次会议、第七届监事会第二十六次会议，审议通过了《关于 公司 2025 年度向特定对象发行 A 股股票预案的议案》。 公司于 2025 年 10 月 10 日召开第七届董事会第二十九次会议、第七届监事 会第二十七次会议，审议并通过了《关于修订<公司 2025 年度向特定对象发行 A 股股票预案>的议案》《关于修订公司与特定对象签订附条件生效的股份认购协议 暨关联交易的议案》等相关议案，修订了本次向特定对象发行 A 股股票方案中 关联方参与本次认购数量的具体情况，并根据本次方案修订了《公司 2025 年度 向特定对象发行 A 股股票预案》，修订情况说明如下： | 预案章节 | 章节 ...

证券代码：002281 证券简称：光迅科技 武汉光迅科技股份有限公司 Accelink Technologies Co., Ltd. 2025 年度向特定对象发行 A 股股票预 案 （修订稿） 武汉光迅科技股份有限公司 2025 年度向特定对象发行 A 股股票预案 二〇二五年十月 武汉光迅科技股份有限公司 2025 年度向特定对象发行 A 股股票预案（修订稿） 武汉光迅科技股份有限公司 2025 年度向特定对象发行 A 股股票预案（修订稿） 特别提示 发行人声明 公司及董事会全体成员保证本预案内容真实、准确、完整，并确认不存在虚假 记载、误导性陈述或重大遗漏。 本预案按照《中华人民共和国证券法》《上市公司证券发行注册管理办法》等 法律法规及规范性文件的要求编制。 本次向特定对象发行股票完成后，公司经营与收益的变化，由公司自行负责； 因本次向特定对象发行股票引致的投资风险，由投资者自行负责。 本预案是公司董事会对本次向特定对象发行股票的说明，任何与之相反的声明 均属不实陈述。 投资者如有任何疑问，应咨询自己的股票经纪人、律师、专业会计师或其他专 业顾问。 本预案所述事项并不代表审批机关对于本次向特定对象发行股票 ...

证券代码：002281 证券简称：光迅科技 公告编号：（2025）057 武汉光迅科技股份有限公司 关于修订公司与特定对象签订附条件生效的 股份认购协议暨关联交易的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 证券代码：002281 证券简称：光迅科技 公告编号：（2025）057 对象发行股份认购协议（修订稿）》（以下简称"《股份认购协议（修订稿）》"）， 原协议自《股份认购协议（修订稿）》签署之日起终止。同日，公司召开的第七 届董事会第二十九次会议、第七届监事会第二十七次会议审议通过了《关于公司 与特定对象签订附条件生效的股份认购协议（修订稿）暨关联交易的议案》，关 联董事已回避表决，且该等事项已经公司第七届董事会独立董事专门会议 2025 年第三次会议审议通过。 4、本次发行所涉关联交易事项尚须获得公司股东大会的批准，与该关联交 易有利害关系的关联股东将回避表决。 特别提示： 武汉光迅科技股份有限公司（以下称"公司"或"光迅科技"）本次向特定 对象发行 A 股股票事项尚须经中国信息通信科技集团有限公司（以下简称"中国 信科集团"）批准、公司股东大会审议 ...

证券代码：002281 证券简称：光迅科技 公告编号：（2025）058 武汉光迅科技股份有限公司 关于另行发出召开股东大会通知的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 武汉光迅科技股份有限公司（以下简称"公司"）拟向特定对象发行 A 股股票， 2025 年 10 月 10 日公司已召开第七届董事会第二十九次会议及第七届监事会第二十 七次会议，审议通过了关于调整公司 2025 年度向特定对象发行 A 股股票方案（以下 简称"本次发行"）的相关议案。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司证券发 行注册管理办法》等法律、法规和规范性文件以及《公司章程》的相关规定，基于 本次发行的整体工作安排和计划，公司董事会决定暂不召开审议本次发行相关事宜 的股东大会，待相关工作及事项准备完成后，公司将另行发出召开股东大会的通知， 并将与本次发行相关的议案提请公司股东大会表决。 特此公告 武汉光迅科技股份有限公司董事会 二○二五年十月十一日 1 ...