Group 1 - The company expects a net profit attributable to shareholders of between 38.70 million and 45.20 million yuan for the current reporting period, representing a decline of 74.10% to 69.75% compared to the same period last year, where the profit was 149.43 million yuan [1] - The net profit after deducting non-recurring gains and losses is projected to be between 26.90 million and 31.50 million yuan, reflecting a decrease of 79.71% to 76.24% from the previous year's figure of 132.56 million yuan [1] - Basic earnings per share are estimated to be between 0.16 yuan and 0.19 yuan, down from 0.64 yuan per share in the same period last year [1] Group 2 - The company has communicated with the accounting firm regarding significant matters related to the performance forecast, and there are no major disagreements between the two parties [1] - The performance forecast has not been audited by the registered accounting firm [1] - The decline in operating performance is attributed to changes in market demand and intensified industry competition [1]

证券代码：002955 证券简称：鸿合科技 公告编号：2025-049 鸿合科技股份有限公司 2025年半年度业绩预告 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。 二、与会计师事务所沟通情况 鸿合科技股份有限公司（以下简称"公司"）与会计师事务所就业绩预告有 关的重大事项进行了初步沟通，双方不存在重大分歧。本次业绩预告未经注册 会计师审计。 三、业绩变动原因说明 报告期内，公司受市场需求变动、行业竞争加剧等因素影响导致 2025 年上 半年营业收入有所下滑，从而使得公司经营业绩在报告期内较去年同期有所下 降。 四、其他相关说明 以上预告数据仅为初步核算数据，未经审计机构审计，具体财务数据以公 司披露的 2025 年半年度报告为准。敬请广大投资者理性投资，注意风险。 一、本期业绩预计情况 1．业绩预告期间：2025 年 1 月 1 日至 2025 年 6 月 30 日 | | | | 项 目 | 本报告期 | 上年同期 | | --- | --- | --- | | 归属于上市公司股东 的净利润 | 盈利：3,870.00 万元–4,520.00 万元 | ...

Group 1 - The childcare service concept sector rose by 1.82%, leading the concept sectors in terms of growth, with 13 stocks increasing in value [1][2] - Notable gainers in the sector included Huamei Holdings, which hit the daily limit, and other companies like Dou Shen Education, Hejing Technology, and Chuangyuan Co., which rose by 5.98%, 5.55%, and 4.21% respectively [1][2] - The sector experienced a net outflow of 243 million yuan in main funds, with Dou Shen Education receiving the highest net inflow of 69.37 million yuan [2][3] Group 2 - The top three stocks in terms of net inflow ratio were Chuangyuan Co. at 4.71%, Huamei Holdings at 3.96%, and Zhongyuan Media at 3.49% [3] - Stocks with significant declines included Tuo Wei Information, *ST Jinke, and Yuexin Health, which fell by 1.42%, 1.34%, and 1.15% respectively [1][2] - The overall market showed mixed performance, with various sectors experiencing both gains and losses, highlighting the volatility in the current investment landscape [2][4]

Investment Rating - The report maintains an optimistic outlook for the Hong Kong stock market, particularly for new IPOs and sectors like new consumption and innovative pharmaceuticals [8]. Core Insights - The report highlights that the recent subsidies from food delivery e-commerce platforms directly benefit coffee, tea, and advertising channels [8]. - The education sector remains robust, with leading institutions expanding market share and developing AI products for international education [3][19]. - The luxury goods sector is experiencing slight pressure from macroeconomic factors, but brands with strong innovation capabilities are still seeing growth [20]. - The coffee and tea industry is in a growth cycle, with coffee demand remaining strong, while tea faces short-term challenges due to increased competition [27]. - E-commerce is under pressure with slowing growth rates, but instant retail is emerging as a new battleground [31]. - The travel and OTA sectors are seeing limited impact from recent subsidies, with a focus on undervalued leading players [8]. - Music streaming platforms are identified as quality internet assets driven by domestic demand, with ongoing developments in subscription services [36]. - The virtual asset market is on an upward trend, supported by traditional financial institutions entering the space [40]. - The real estate market is under pressure, particularly in major cities, with a focus on opportunities in companies like Beike [8]. - The automotive service market is experiencing a decline, with a continued focus on ecosystem changes [8]. Summary by Sections 1. Education - The K12 education sector remains highly prosperous, with leading institutions reporting good summer enrollment progress and a focus on AI product development [3][19]. - The education index saw a decline of 1.78% during the reporting period, outperforming the Hang Seng Technology Index but underperforming other major indices [10]. 2. Luxury Goods - The luxury goods sector is slightly pressured by macroeconomic factors, with notable growth in brands with strong innovation [20]. - Key luxury stocks showed positive performance, with Samsonite and Prada increasing by 5.61% and 6.09% respectively [20]. 3. Coffee and Tea - The coffee sector remains in a growth cycle, with strong demand and a high frequency of consumption [27]. - The tea sector faces short-term challenges due to increased competition and supply growth [27]. 4. E-commerce - The e-commerce sector is experiencing a slowdown, with significant competition impacting profitability [31]. - Instant retail is becoming a new focus, with major platforms launching aggressive subsidy plans [31]. 5. Travel and OTA - The travel sector is seeing limited impact from subsidies, with a focus on undervalued leading players [8]. 6. Music Streaming - Music streaming platforms are identified as high-quality assets driven by domestic demand, with ongoing developments in subscription services [36]. 7. Virtual Assets - The virtual asset market is on an upward trend, with traditional financial institutions increasingly entering the space [40]. 8. Real Estate - The real estate market is under pressure, particularly in major cities, with a focus on opportunities in companies like Beike [8]. 9. Automotive Services - The automotive service market is experiencing a decline, with a continued focus on ecosystem changes [8].

证券代码：002955 证券简称：鸿合科技 公告编号：2025-048 鸿合科技股份有限公司 2025年第二次临时股东大会决议公告 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。 重要提示： 1．本次股东大会以现场表决与网络表决相结合的方式召开； 2．本次股东大会无增加、变更、否决提案的情况； 3．本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1．会议召开时间： （1）现场会议召开时间：2025年6月26日（星期四）下午14:00 （2）网络投票时间： ①通过深圳证券交易所交易系统进行网络投票的具体时间为：2025年6月26 日上午9:15-9:25，9:30-11:30，下午13:00-15:00； ②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6月26日 上午9:15至下午15:00期间的任意时间。 2．会议召开地点：北京市朝阳区北辰东路8号院北辰时代大厦公司会议室 7．会议的出席情况： （1）股东出席的总体情况： 3．会议召集人：公司董事会 4．会议表决方式：股东大会采取现场投票和网络投票相结合的方式，公司 股 ...

2025 年第二次临时股东大会的 法律意见书 致：鸿合科技股份有限公司 北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮编：100025 34/F, Tower 3, China Central Place, 77 Jianguo Road, Beijing 100025, China T：(86-10)5809 1000 F：(86-10)5809 1100 北京市竞天公诚律师事务所 关于鸿合科技股份有限公司 北京市竞天公诚律师事务所（以下称"本所"）接受鸿合科技股份有限公司 （以下称"公司"）的委托，指派本所律师出席公司 2025 年第二次临时股东大会 （以下称"本次股东大会"），并予以法律见证。本所律师根据《中华人民共和国 公司法》（以下称"《公司法》"）、中国证券监督管理委员会《上市公司股东会规 则（2025 年修订）》（以下称"《股东会规则》"）、《深圳证券交易所上市公司股东 会网络投票实施细则（2025 年修订）》等法律法规和规范性文件以及《鸿合科技 股份有限公司章程》（以下称"《公司章程》"）的规定，对本次股东大会见证并 出具法律意见书。 在出具法律意见书之前，本所律师列席了本次 ...

Core Viewpoint - The company has approved a share repurchase plan to enhance capital efficiency and utilize government support for stock buybacks, with a total budget between RMB 50 million and RMB 100 million [1][2][3] Group 1: Share Repurchase Plan - The board approved a share repurchase plan using no less than RMB 50 million and no more than RMB 100 million of its own funds, with a maximum repurchase price adjusted to RMB 33.307 per share [1] - The repurchase period is set for 12 months from the board's approval date [1] - The funding source for the repurchase has been adjusted to include both self-owned and self-raised funds, such as bank loans [1] Group 2: Implementation Results - As of June 17, 2025, the company completed the share repurchase, acquiring a total of 2,398,850 shares, which is 1.0137% of the total share capital [3] - The highest transaction price during the repurchase was RMB 22.81 per share, while the lowest was RMB 19.13 per share, with a total expenditure of RMB 53,000,000 [3][4] Group 3: Compliance and Impact - The repurchase did not adversely affect the company's operations, finances, or future development, and control over the company remains unchanged [4] - The company adhered to all relevant regulations during the repurchase process, ensuring compliance with the rules set by the Shenzhen Stock Exchange [6] Group 4: Future Plans for Repurchased Shares - The repurchased shares will be held in a special securities account and will not have voting rights or profit distribution rights until further decisions are made regarding their use for employee stock ownership plans or other purposes [6]

Core Viewpoint - Chery is actively acquiring stakes in A-share companies, with recent moves including the acquisition of Honghe Technology for 1.575 billion yuan, indicating a strategic expansion into new sectors, particularly in environmental and educational technology [1][4][9]. Group 1: Acquisition Details - Chery's acquisition of Honghe Technology involves a share transfer that will change the company's control, with the transaction price set at 1.575 billion yuan, translating to approximately 26.62 yuan per share, which is a slight premium over the last closing price of 25.49 yuan [4][11]. - This acquisition marks Chery's second A-share company purchase in a short span, following the earlier acquisition of control in Wanders for 413 million yuan [1][6][8]. - Honghe Technology has been facing financial difficulties, with a reported net profit decline of about 77% in Q1 2023, raising questions about the strategic rationale behind Chery's investment [1][11]. Group 2: Future Plans and Strategic Intent - Chery plans to potentially restructure Honghe Technology within the next 12 months, although specific plans have not yet been disclosed [2][11]. - The acquisition of Honghe Technology is seen as a move to enhance Chery's portfolio, despite the company's current underperformance, as it still holds valuable assets with a low debt ratio of 30.23% and significant cash reserves exceeding 1.8 billion yuan [11]. - Chery's broader strategy includes an IPO in Hong Kong, which could position the company as a major player in the automotive sector and support its transition from a domestic manufacturer to a global brand [9][10].

证券代码：002955 证券简称：鸿合科技 公告编号：2025-047 鸿合科技股份有限公司 关于回购公司股份期限届满暨回购完成的公告 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。 鸿合科技股份有限公司（以下简称"公司"）于 2024 年 6 月 17 日召开第三 届董事会第五次会议，审议通过了《关于回购公司股份方案的议案》，董事会同 意公司使用不低于人民币 5,000 万元（含），且不超过人民币 10,000 万元（含） 的自有资金，以集中竞价交易方式回购公司部分人民币普通股（A 股）股份，回 购价格为不高于人民币 35.00 元/股（公司 2023 年年度权益分派以及特别分红权 益分派已实施完成，公司回购股份价格上限由不超过人民币 35.00 元/股调整至不 超过 33.307 元/股），用于未来实施员工持股计划或股权激励计划。回购期限为 自公司董事会审议通过本次回购股份方案之日起 12 个月内。 为进一步提升资金使用效率，充分利用国家对上市公司回购股票的支持政策， 综合考虑公司货币资金储备及未来资金使用规划、业务发展前景等情况，经公司 经营管理层决策， ...

Group 1 - Chery Group's private equity fund Hefei Ruicheng acquired a 25% stake in Honghe Technology for 1.575 billion yuan, becoming its indirect controlling shareholder, leading to a "no actual controller" status for Honghe Technology [1][3] - The acquisition has raised concerns about governance structure risks, strategic ambiguity, and industry integration challenges, despite the market's positive response [1][3][6] - Honghe Technology's previous actual controllers relinquished their control, resulting in a weak control structure that poses risks of control disputes among shareholders [3][4] Group 2 - Chery's acquisition strategy appears inconsistent, as it previously committed to consolidating its environmental business with Wandes but left open the possibility of restructuring Honghe Technology [4][5] - The core business of Honghe Technology, which focuses on educational information technology, lacks clear synergy with Chery's automotive manufacturing, raising questions about the rationale behind the acquisition [4][5] - The timing of the acquisition coincides with Chery's planned IPO in Hong Kong, suggesting potential motivations related to listing challenges [4][5] Group 3 - The education information technology sector is facing significant challenges, with declining revenues and profitability for Honghe Technology, which reported a 76.67% drop in net profit in Q1 2025 [5][6] - Chery's main business is also under pressure from a price war in the electric vehicle market, making it crucial for Honghe Technology to quickly establish a sustainable revenue model [5][6] - The market's enthusiasm for the "Chery concept" may indicate a valuation bubble, as Honghe Technology's stock price has risen based on unproven restructuring expectations [5][6]