今年5月16日，中国证监会修改《上市公司重大资产重组管理办法》，鼓励私募基金参与上市公司并购重组，对私募基金 投资期限与重组取得股份的锁定期实施"反向挂钩"。 本报讯 （记者马宇薇）近日，金董汇企业管理发展（北京）有限公司负责人、北京博星证券投资顾问有限公司研究所所长 邢星率券商机构、私募基金代表以及专业投资者到访鸿合科技股份有限公司（以下简称"鸿合科技"），围绕智能交互产业趋 势、上市公司市值管理及产融结合等议题展开深度交流。 鸿合科技CEO冷宏俊表示，公司正在推进"A（教育业务）+B（汽车业务）"双主业发展战略。此次实控权转让源于政策鼓 励与双方需求的契合：一方面教育信息化市场趋于饱和，公司亟需拓展C端业务；另一方面奇瑞汽车在C端市场优势明显。未 来希望通过并入奇瑞汽车相关资产，实现教育装备与汽车业务的协同发展。 邢星表示："市值管理对于并购重组、上市公司成长以及实现高质量发展、培育新质生产力等方面，都将发挥不可替代的 重要作用。在注册制与全面开放的新时代，上市公司需要从'融资者'向'价值创造者'转型，投资者也要从'交易者'升级为'产业 研究者'。各方要共同践行'四个坚持'，构建健康有序的资本市场生态。" ...

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]

[HiteVision Technology Co., Ltd. 2025 Semi-Annual Performance Forecast](index=1&type=section&id=HiteVision%20Technology%20Co.%2C%20Ltd.%202025%20Semi-Annual%20Performance%20Forecast) HiteVision Technology Co., Ltd. anticipates a significant decline in its 2025 semi-annual performance, primarily due to market shifts and intensified industry competition [Core Performance Forecast Data](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company expects a significant decline in its 2025 first-half performance, with net profit attributable to shareholders projected to be RMB 38.70 million to RMB 45.20 million, a substantial decrease of 69.75% to 74.10% compared to RMB 149.4268 million in the prior year, with non-recurring net profit also showing a sharp decline 2025 Semi-Annual Performance Forecast (Compared to Prior Year) | Item | Current Period (2025 H1 Est.) | Prior Year Period (2024 H1) | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of the Listed Company** | **Profit: RMB 38.70 million – RMB 45.20 million** | **Profit: RMB 149.4268 million** | | Year-over-Year Change | Decrease: 74.10% – 69.75% | - | | **Net Profit After Deducting Non-Recurring Gains and Losses** | **Profit: RMB 26.90 million – RMB 31.50 million** | **Profit: RMB 132.5593 million** | | Year-over-Year Change | Decrease: 79.71% – 76.24% | - | | **Basic Earnings Per Share** | **RMB 0.16/share – RMB 0.19/share** | **Profit: RMB 0.64/share** | [Communication with Accounting Firm](index=1&type=section&id=II.%20Communication%20with%20Accounting%20Firm) The company has conducted preliminary communication with its accounting firm regarding significant matters in the performance forecast, with no major disagreements, though the forecast remains unaudited - This performance forecast is unaudited by a certified public accountant, but the company has conducted preliminary communication with its accounting firm on significant matters, finding no major disagreements[4](index=4&type=chunk) [Reasons for Performance Change](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Change%20Reasons) The primary reasons for the company's performance decline during the reporting period are changes in the external market environment, with shifts in market demand and intensified industry competition collectively leading to a decrease in 2025 first-half operating revenue and overall operating performance - The company attributes the performance decline to market demand fluctuations and intensified industry competition, which collectively led to a decrease in 2025 first-half operating revenue[5](index=5&type=chunk) [Risk Warning](index=1&type=section&id=IV.%20Other%20Relevant%20Explanations) The company emphasizes that the financial data in this announcement are preliminary and unaudited, potentially differing from the final audited semi-annual report, advising investors to exercise caution and be aware of associated risks - The forecast data are preliminary and unaudited, with final financial figures subject to the company's officially disclosed 2025 semi-annual report[7](index=7&type=chunk) - The company advises investors to exercise rational investment judgment and be aware of risks[7](index=7&type=chunk)

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， ...