Core Viewpoint - Megmeet Smart announced the completion of its share repurchase plan, which was executed through a dedicated securities account via centralized bidding [2] Summary by Sections - **Share Repurchase Details** - The company repurchased a total of 844,400 shares, which represents 0.32% of the total share capital as of November 13, 2025 [2]

Core Viewpoint - The company has completed its share repurchase plan, which was in accordance with relevant laws and regulations, as well as the company's established repurchase strategy [1] Summary by Relevant Sections - **Share Repurchase Details** - The company repurchased a total of 844,400 shares, representing 0.32% of the total share capital as of November 13, 2025 [1] - The highest transaction price for the repurchased shares was 45.68 CNY per share, while the lowest was 29.01 CNY per share [1] - The total amount paid for the repurchase was 30,494,562.00 CNY, excluding transaction fees [1]

Summary of Key Points Core Viewpoint - The company, Meige Intelligent (SZ 002881), has completed its share repurchase plan, acquiring approximately 840,000 shares, which represents 0.32% of its total share capital as of November 13, 2025 [1]. Group 1: Share Repurchase Details - The share repurchase was conducted through a special securities account via centralized bidding [1]. - The highest transaction price for the repurchased shares was 45.68 CNY per share, while the lowest was 29.01 CNY per share [1]. - The total amount spent on the share repurchase was approximately 30.49 million CNY [1]. Group 2: Revenue Composition - For the first half of 2025, the company's revenue composition was heavily weighted towards the 4G technology application sector, accounting for 97.46% of total revenue, with other businesses making up 2.54% [1]. Group 3: Market Capitalization - As of the report date, the market capitalization of Meige Intelligent is 11 billion CNY [2].

证券代码：002881 证券简称：美格智能 公告编号：2025-091 美格智能技术股份有限公司 2025 年第三次临时股东会决议公告 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。 特别提示： 2、本次股东会不涉及变更前次股东会决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间 （1）现场会议时间：2025年11月14日15:00 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025年11月14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11月14日9:15至15:00的任意时间。 2、现场会议召开地点 1、本次股东会无否决议案或修改议案的情况；本次股东会上没有新议案提 交表决。 美格智能技术股份有限公司会议室（广东省深圳市福田区深南大道1006号深 圳国际创新中心B座三十二层）。 3、会议召开方式：现场投票与网络投票相结合。 4、会议召集人：公司第四届董事会 5、会议主持人：董事长王平先生 6、会议通知：公司于2025年10月28日 ...

炜衡沛雄（前海）联营律师事务所 关于 美格智能技术股份有限公司 2025 年第三次临时股东会 之 法律意见书 中国 广东 深圳 前海深港合作区前海国际仲裁大厦第 17 层 1710-1712 电话（Tel）：（0755）86703090 邮编：518052 炜衡沛雄（前海）联营律师事务所 股东会法律意见书 炜衡沛雄（前海）联营律师事务所 关于美格智能技术股份有限公司 2025 年第三次临时股东会之 法 律 意 见 书 炜衡沛雄会法字[2025]第 8 号 致：美格智能技术股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司 股东会规则》（以下简称"《股东会规则》"）等法律、法规、部门规章、规范 性文件及现行有效的《美格智能技术股份有限公司章程》（以下简称"《公司章 程》"）的规定，炜衡沛雄（前海）联营律师事务所（以下简称"炜衡"）接受 美格智能技术股份有限公司（以下简称"贵公司"或"公司"）的委托，指派邓 薇律师、石磊律师（以下简称"炜衡律师"）出席贵公司 2025 年第三次临时股 东会（以下简称"本次股东会"），在进行必要验证工作的基础上，对贵公司本 次股东会的召集、召开程序、出 ...

Core Insights - A total of 579 stocks in the Shanghai and Shenzhen markets have experienced net outflows of main funds for five consecutive days or more as of November 10 [1] - The stock with the longest continuous net outflow is Yageo, with 25 days, followed by Meg Intelligent with 22 days [1] - The largest total net outflow amount is from Xian Dao Intelligent, with a cumulative outflow of 4.379 billion yuan over eight days [1] Group 1: Stocks with Longest Net Outflows - Yageo has seen net outflows for 25 consecutive days [1] - Meg Intelligent has experienced net outflows for 22 consecutive days [1] Group 2: Stocks with Largest Net Outflow Amounts - Xian Dao Intelligent has a total net outflow of 4.379 billion yuan over eight days [1] - Northern Rare Earth follows with a net outflow of 4.118 billion yuan over the same period [1] - The stock Zhinanzhen has a net outflow of 4.024 billion yuan over eight days [1] Group 3: Stocks with Highest Net Outflow Ratios - *ST Zhongzhuang has the highest net outflow ratio, with a 5-day decline of 3.99% [1] - Other notable stocks with significant net outflow ratios include Xian Dao Intelligent (8.55%) and Northern Rare Earth (8.12%) [1] Group 4: Performance of Affected Stocks - Xian Dao Intelligent has seen a cumulative decline of 16.78% over the past eight days [1] - Northern Rare Earth has declined by 7.76% during the same period [1] - Zhinanzhen has experienced a decline of 14.85% [1]

Investment Rating - The report maintains an "Outperform" rating for the communication industry, indicating an expected performance exceeding the benchmark index by more than 10% [1][40]. Core Insights - Nvidia's GTC event provided a significant CAPEX guidance of $500 billion for the Blackwell-Rubin series, with North American CSPs showing a clear upward trend in capital expenditures for Q3 2025 [4][16]. - The report highlights a strong growth trend in AI infrastructure investments, with North American CSPs' capital expenditures reaching a total of $113.3 billion in Q3, marking a 75% year-on-year increase [5][17]. - The A-share communication industry is experiencing high growth in AI computing performance, although there is a mismatch between high short-term expectations and actual performance releases [5][17]. Summary by Sections Industry Dynamics - Nvidia's guidance for North American CSPs suggests CAPEX could reach $443 billion, $549 billion, and $632 billion from 2025 to 2027, with GPU shipments expected to total 20 million units [4][16]. - The report emphasizes the stability of capital markets regarding concerns over "AI bubble" investments, with Nvidia's roadmap enhancing investment certainty in areas like 1.6T optical modules and quantum computing [4][16]. A-Share Communication Industry Overview - The report notes that leading companies in optical modules, such as Zhongji Xuchuang and Xinyi Technology, continue to expand production, with stable gross margin trends despite short-term performance fluctuations [5][17]. - The bottleneck effects in core materials like optical chips are becoming more pronounced, with domestic chip manufacturers expected to gain market share as overseas giants slow down production [5][17]. Market Performance - The overall market showed mixed performance during the week of October 27 to October 31, 2025, with the Shenzhen Component Index rising by 0.67% and the communication index declining by 3.59% [11][20]. - The report identifies cloud computing as the leading sector with a weekly increase of 22.48%, followed by IDC and equipment manufacturers [11][20]. Recommended Companies - The report suggests focusing on companies in various segments, including optical devices (e.g., Guangke Technology, Shijia Photon) and AIOT solutions (e.g., Rockchip, Yiyuan Communication) [20].

Group 1 - The core viewpoint of the news is that Meige Intelligent has experienced a decline in stock price and significant net outflow of funds, despite a year-to-date increase in stock price [1] - As of November 4, Meige Intelligent's stock price is 44.70 CNY per share, with a market capitalization of 11.739 billion CNY [1] - The company has seen a year-to-date stock price increase of 49.85%, but has declined by 3.77% in the last five trading days [1] Group 2 - Meige Intelligent was established on April 5, 2007, and listed on June 22, 2017, with its main business involving wireless communication modules and IoT solutions [2] - The revenue composition of Meige Intelligent is 97.46% from wireless communication modules and solutions, and 2.54% from other sources [2] - As of September 30, 2025, Meige Intelligent achieved a revenue of 2.821 billion CNY, representing a year-on-year growth of 29.30% [2] Group 3 - Since its A-share listing, Meige Intelligent has distributed a total of 133 million CNY in dividends, with 85.62 million CNY distributed in the last three years [3] - As of September 30, 2025, the number of shareholders of Meige Intelligent increased by 4.38% to 52,700 [2][3] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, with some shareholders reducing their holdings [3]

Group 1 - The core point of the article is that Megmeet Smart announced a share buyback plan, intending to repurchase a total of 844,400 shares, which represents 0.32% of the company's total share capital [1] Group 2 - The share buyback will be conducted through a special securities account via centralized bidding [1] - The buyback is set to be completed by October 31, 2025 [1]

Core Viewpoint - The company, Meige Intelligent (002881.SZ), has conducted its first share buyback on December 27, 2024, and as of October 31, 2025, it has repurchased a total of 844,400 shares, representing 0.32% of its total share capital [1] Summary by Categories Share Buyback Details - The company repurchased shares through a centralized bidding method using a dedicated securities account [1] - The highest transaction price for the repurchased shares was 45.68 yuan per share, while the lowest was 29.01 yuan per share [1] - The total amount of funds used for the buyback was 30,494,562.00 yuan, excluding transaction fees [1] Compliance and Regulations - The share buyback implementation complies with relevant laws and regulations, as well as the company's established buyback plan [1]