Core Viewpoint - Guangzhou Industrial Control Group successfully held its first collective investor meeting for the first half of 2025, showcasing its strategic progress and investment value of its seven listed companies, which collectively have a market capitalization exceeding 70 billion yuan [1][2]. Group 1: Meeting Highlights - The meeting attracted over 221,700 participants both online and offline, with key management from the seven listed companies presenting their performance and engaging in discussions with investors [2]. - The Group's total market capitalization surpassed 70 billion yuan, outperforming the market and industry averages, with significant technological breakthroughs in various sectors including offshore wind power and battery technology [2][4]. Group 2: Strategic Focus and Achievements - The Group is focused on advanced manufacturing, industrial finance, and industrial parks, aiming to build a robust advanced manufacturing cluster [2][3]. - The Group's subsidiaries reported strong performance in the first half of 2025, with notable increases in revenue and profitability, driven by technological innovation and operational efficiency [4][5]. Group 3: Financial Performance - Guangri Co. reported a profit increase of 7.26% year-on-year, while cash flow for several companies, including Runbang Co. and Gwang Steel Gas, saw significant improvements, with increases of 208.89% and 84.34% respectively [5]. - The Group's subsidiaries are actively pursuing international expansion and green manufacturing initiatives, contributing to sustainable growth [5][6]. Group 4: Future Outlook - The Group plans to leverage technological innovation and capital operations to integrate global resources, aiming to establish a world-class state-owned capital investment group [6].

Core Viewpoint - Dinghan Technology (300011) is actively promoting its energy storage technology products, including specialized lithium battery systems for rail transit and large-scale solar storage projects, although these products are still in the early stages of market expansion [1] Company Summary - As of September 12, 2025, Dinghan Technology's stock closed at 8.4 yuan, down 0.83%, with a turnover rate of 2.29%, a trading volume of 116,000 shares, and a transaction amount of 97.8832 million yuan [1] - The company is focusing on the development of energy storage thermal management products, having launched multiple series of liquid cooling and air cooling units, with some products already achieving small-scale applications [1] Market Activity - On September 12, 2025, the net outflow of main funds was 14.1256 million yuan, indicating a continued exit of institutional funds [1] - Retail investors showed a net inflow of 2.913 million yuan, while speculative funds had a net inflow of 11.2126 million yuan [1]

Group 1 - The donation event at Han Ying Runze School in Baoshan, Yunnan, involved collaboration between Kanta Public Welfare and executives from listed companies in Yunnan, including Yangguang Lighting and Dinghan Technology [1][2] - Various companies contributed items such as backpacks, LED desk lamps, and a test paper scanner, along with over a thousand books and stationery from Sichuan companies [1] - The donations aim to improve the school's teaching conditions and meet the students' living needs, highlighting the role of corporate social responsibility in education [1][2] Group 2 - The visit allowed company executives to understand the school's unique educational features and daily life, establishing direct communication channels between listed companies and remote educational institutions [2] - This face-to-face interaction enhances the transparency and trust of the charitable projects, allowing donors to see the impact of their contributions [2] - Kanta Public Welfare, initiated by Kanta Consulting, serves as a platform for listed companies to effectively engage in social responsibility practices [2]

Group 1 - The company is advancing the development of specialized lithium battery systems for rail transit and large-scale energy storage projects such as solar-storage charging [1] - The company has launched multiple series of liquid cooling and air cooling units for energy storage thermal management products, which are currently in the early stages of market expansion [1] - Some of the products have already achieved small-scale applications [1]

Core Viewpoint - Dinghan Technology has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific investors, pending final approval from the China Securities Regulatory Commission [1][2] Group 1: Share Issuance Details - The total amount to be raised from the issuance is not to exceed 224.21 million yuan, which will be used entirely to supplement working capital after deducting issuance costs [1] - The issuance will be directed towards Guangzhou Industrial Control Capital Management Co., Ltd., which currently holds 10.25% of Dinghan Technology's shares and controls a total of 19.37% of voting rights [2] - The issuance price is set at 4.78 yuan per share, which is 80% of the average trading price over the 20 trading days prior to the pricing benchmark date [2] Group 2: Regulatory and Procedural Aspects - The Shenzhen Stock Exchange has confirmed that Dinghan Technology meets the conditions for issuance, and the application will be submitted to the China Securities Regulatory Commission for registration [1] - The issuance constitutes a related party transaction but will not result in a change of control for Dinghan Technology [2] - The lead underwriter for this issuance is Kaiyuan Securities Co., Ltd. [2]

Core Viewpoint - The company, Beijing Dinghan Technology Group Co., Ltd., is currently focused on the rail transit sector and is exploring other synergistic areas but does not have any solid-state battery projects at this time [2][3]. Trading Information Summary - As of September 11, 2025, Dinghan Technology's stock closed at 8.47 yuan, with a slight increase of 0.12%. The turnover rate was 2.76%, with a trading volume of 140,200 shares and a total transaction value of 118 million yuan [1]. - On the same day, the main funds experienced a net outflow of 7.4879 million yuan, while speculative funds saw a net inflow of 14.969 million yuan. Retail investors had a net outflow of 7.4812 million yuan [2][4]. Company Announcement Summary - Dinghan Technology's application for a specific stock issuance has been approved by the Shenzhen Stock Exchange's listing review center. The company meets the issuance and listing conditions, but the final approval from the China Securities Regulatory Commission (CSRC) is still pending, introducing uncertainty regarding the timing and outcome of the registration [3][4].

北京鼎汉技术集团股份有限公司（以下简称"公司"）于 2025 年 09 月 11 日收到深圳证券交易所（以下简称"深交所"）上市审核中心出具的《关于北京 鼎汉技术集团股份有限公司申请向特定对象发行股票的审核中心意见告知函》， 深交所上市审核中心对公司向特定对象发行股票的申请文件进行了审核，认为公 司符合发行条件、上市条件和信息披露要求，后续深交所将按规定报中国证券监 督管理委员会（以下简称"中国证监会"）履行相关注册程序。 公司本次向特定对象发行股票事项尚需获得中国证监会同意注册的决定后 方可实施，最终能否获得中国证监会作出同意注册的决定及其时间尚存在不确定 性。公司将根据该事项进展情况及时履行信息披露义务，敬请广大投资者谨慎决 策，注意投资风险。 证券代码：300011 证券简称：鼎汉技术 公告编号：2025-56 北京鼎汉技术集团股份有限公司 关于向特定对象发行股票申请获得深圳证券交易所 上市审核中心审核通过的公告 | 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。 | 特此公告！ 北京鼎汉技术集团股份有限公司董事会 二〇二五年九月 ...

Core Viewpoint - Dinghan Technology has provided a detailed response to the Shenzhen Stock Exchange regarding its performance, financial indicators, and overseas business, showcasing its operational status and development trends [1][5]. Financial Performance - The company's main business revenue for the reporting period was 1,333.45 million, 1,264.31 million, 1,502.30 million, and 1,139.16 million, showing some fluctuations [1]. - The net profit attributable to the parent company, after deducting non-recurring gains and losses, was -3.63 million, -206.82 million, -18.53 million, and 7.77 million, indicating significant performance volatility [1]. - The gross profit margins for the main business were 34.86%, 30.56%, 31.06%, and 29.51% [2]. Cash Flow and Receivables - The net cash flow from operating activities was -13.24 million, -130.13 million, 118.96 million, and 19.33 million [2]. - Accounts receivable balances at the end of each period were 1,423.65 million, 1,581.57 million, 1,825.54 million, and 1,866.98 million [2]. Overseas Business - Overseas revenue was 123.18 million, 107.90 million, 124.47 million, and 115.86 million, accounting for 8.91%, 8.50%, 8.20%, and 10.11% of total main business revenue respectively [2]. Inventory and Assets - The inventory value was 410.11 million, with a provision for inventory depreciation of 39.96 million [2]. - The fixed asset utilization rate was generally good, with sufficient impairment provisions [3]. Market Position and Demand - The rail transit industry is supported by policies, leading to market expansion, although the company's bargaining power is limited due to customer concentration and strict procurement processes [3]. - The growth in main business revenue in 2023 was driven by ground and vehicle electrical equipment, while 2024 growth is expected to come mainly from vehicle electrical equipment [3]. Financial Risks - The company has a lower current ratio and quick ratio compared to industry peers, with a higher debt-to-asset ratio due to significant short-term and long-term borrowings [4]. - Despite facing administrative penalties, the company has not engaged in major illegal activities that would severely harm investor rights or public interests [4].

立信会计师事务所（特殊普通合伙） 关于北京鼎汉技术集团股份有限公司 申请向特定对象发行 A 股股票的审核问询函 的回复 信会师函字[2025]第 ZG087 号 立信会计师事务所（特殊普通合伙） 关于北京鼎汉技术集团股份有限公司 申请向特定对象发行 A 股股票的审核问询函的回复 信会师函字[2025]第 ZG087 号 深圳证券交易所： 贵所于 2025 年 4 月 22 日出具的《关于北京鼎汉技术集团股份有限公司申请向特定对象 发行股票的审核问询函》（审核函〔2025〕020014 号）（以下简称"问询函"）已收悉， 并针对 2025 年 5 月 22 日补充意见发行人说明进行补充更新。立信会计师事务所（特殊普 通合伙）（以下简称"会计师"）作为北京鼎汉技术集团股份有限公司（以下简称"公司" 或"发行人"）年审机构，对本次反馈意见中提到的要求会计师核查的问题进行了认真核查， 现回复如下： 本问询函回复中的字体： | 审核问询函所列问题 | 黑体（不加粗） | | --- | --- | | 审核补充意见更新回复 | 楷体（加粗） | | 审核问询函所列问题的回复 | 宋体 | 说明如下： 一、如无特别说明， ...

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