证券代码：300025 证券简称：华星创业 公告编号：2026-004 杭州华星创业通信技术股份有限公司 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。 杭州华星创业通信技术股份有限公司（以下简称"公司"）董事会于近日收 到公司证券事务代表虞佳丽女士提交的书面辞职报告，虞佳丽女士因个人原因申 请辞去公司证券事务代表职务，辞职后将不再担任公司任何职务，辞职报告自送 达公司董事会之日起生效，辞职不会影响公司相关工作的正常开展。 截至本公告披露日，虞佳丽女士未持有公司股份，不存在应当履行而未履行 的承诺事项。公司及董事会对虞佳丽女士在任职期间为公司所做出的贡献表示感 谢。 二〇二六年三月十八日 根据《深圳证券交易所创业板股票上市规则》等相关规定，公司董事会将尽 快聘任符合任职资格的人员担任公司证券事务代表，协助公司董事会秘书开展工 作。 特此公告。 杭州华星创业通信技术股份有限公司董事会 关于公司证券事务代表辞职的公告 ...

Group 1 - The core transaction involved Huaxing Chuangye, with a total of 1.5 million shares traded, amounting to 8.37 million yuan, which represented 13.99% of the total trading volume for the day [1] - The transaction price was set at 5.58 yuan per share, reflecting an 11% discount compared to the market closing price of 6.27 yuan [1] - The buyer was Tianfeng Securities, while the seller was GF Securities, indicating a significant institutional trading activity [2]

Market Performance - The A-share market experienced a strong rally from February 2025 to February 2026, with the Shanghai Composite Index rising from around 3200 points to over 4000 points, a cumulative increase of 25.58% [1] - The Shenzhen Component Index saw an impressive rise from approximately 11000 points to over 15000 points, achieving a growth of 38.84% [1] - The ChiNext Index surged from 2200 to 3500 points, marking a nearly 59% increase, while the Sci-Tech Innovation 50 Index rose over 64% [1] Stock Performance - Out of 5484 stocks in the market, 4788 stocks recorded gains, resulting in an upward ratio exceeding 87% [2] - A total of 869 stocks doubled in price, with over 100 stocks experiencing price increases between 2x to 20x [2] Investor Sentiment - Investors were seen celebrating their profits, sharing screenshots of earnings on social media, and queues formed at brokerage offices for new account openings [3] Declining Stocks - Despite the overall market rally, over 700 stocks declined, with the top 10 decliners experiencing significant drops, some nearly halving in value, and the smallest decline being 42% [4] - Specific companies like Huaxing Chuangye saw their stock price plummet from a high of 15.88 yuan to 6.18 yuan, a drop of 63%, with projected losses for 2024 and 2025 [5] - Shijin Technology's stock fell from 39.63 yuan to 14.90 yuan, a decline of 62.5%, with significant losses anticipated for 2025 due to overcapacity in the photovoltaic industry [7][8] - Other companies like Kang Le Wei Shi and Zhong Bai Group also faced severe declines, with stock prices dropping 60% and 55% respectively, alongside continuous losses and operational challenges [9][10] Industry Challenges - The photovoltaic industry is experiencing a downturn, with significant price drops in components and overcapacity issues affecting companies like Shijin Technology and Zhongxin Bo [31][32] - Traditional retail, represented by Zhong Bai Group, is struggling with declining foot traffic and profitability due to the rise of e-commerce and changing consumer habits [30] - The agricultural sector, particularly in pig farming, is facing challenges with prices below production costs, leading to substantial losses for companies like Longda Meishi [30] Conclusion - The market rally has been accompanied by significant disparities in stock performance, with many companies facing severe operational and financial challenges despite the overall positive market sentiment [33][34]

Core Viewpoint - The company, Huaxing Chuangye, is one of the longest-serving and largest third-party professional companies in the communication service industry, with solid industry performance and rich experience [1] Company Summary - Huaxing Chuangye has accumulated substantial industry achievements over its operational history [1] - The company emphasizes its significant scale in the communication service sector [1]

Group 1 - The company is focusing on the new generation 5G+ business segment, specifically in the area of virtual reality applications [2] - The company has reported specific outcomes from its efforts in the virtual reality business [2]

Core Viewpoint - The company is expected to incur losses in the fiscal year 2025 due to declining revenue from 5G construction, significant investments in virtual reality business, and impairment of licensing rights related to the "Three-Body" series [7]. Group 1: Financial Performance - The company's main business involves providing mobile communication technology services and related product development, production, and sales [7]. - The projected loss for 2025 is attributed to a decrease in revenue and gross profit following the peak of 5G construction, substantial R&D and operational costs in virtual reality, and impairment of three licensing rights for the "Three-Body" series [7]. - The estimated impact of non-recurring losses on net profit attributable to shareholders is between 2 million to 5 million [7]. Group 2: Revenue and Profit Trends - Historical total revenue and net profit growth rates show fluctuations, with a notable decline in 2021 and a projected negative growth rate for 2025 [9]. - The total revenue and net profit have shown significant year-on-year changes, indicating volatility in financial performance [9].

Core Viewpoint - Huaxing Chuangye (300025.SZ) has disclosed its performance forecast for the year 2025, expecting a net loss attributable to shareholders of the listed company between 120 million yuan and 165 million yuan, with a net loss of 118 million yuan to 160 million yuan after deducting non-recurring gains and losses [1] Financial Performance - The company anticipates a net loss of 120 million to 165 million yuan for 2025 [1] - The expected net loss after excluding non-recurring items is projected to be between 118 million and 160 million yuan [1]

Core Viewpoint - Huaxing Chuangye is expected to report a net loss attributable to shareholders of the listed company ranging from 120 million to 165 million yuan for the year 2025, primarily due to declining revenue from 5G construction, significant investments in virtual reality business, and impairment of rights related to the "Three-Body" series [1] Group 1: Financial Performance - The projected net loss for 2025 is between 120 million and 165 million yuan [1] - The expected net profit, excluding non-recurring gains and losses, is projected to be a loss of 118 million to 160 million yuan [1] - The anticipated impact of non-recurring gains and losses on net profit attributable to shareholders is estimated to be between 2 million and 5 million yuan [1] Group 2: Reasons for Loss - The decline in revenue is attributed to the peak of 5G construction having passed, leading to reduced operating income and gross profit [1] - Significant expenditures in research, operation, and asset amortization for the virtual reality business have resulted in substantial losses, as the revenue from this segment has not yet reached a scale [1] - The performance of the "Three-Body" business has not met expectations, leading to indications of impairment for the rights related to the three science fiction novels, necessitating a large impairment provision based on a careful assessment by a professional evaluation agency [1]

证券代码：300025 证券简称：华星创业 公告编号：2026-003 杭州华星创业通信技术股份有限公司 关于 2025 年度拟计提资产减值准备的公告 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。 一、本次拟计提资产减值准备情况描述 1、本次拟计提资产减值准备的原因 杭州华星创业通信技术股份有限公司（以下简称"公司"）根据《企业会计 准则》及公司会计政策的相关规定，为真实、准确的反映公司截至 2025 年 12 月 31 日的财务状况、资产价值及经营成果，基于谨慎性原则，公司合并报表范 围内各公司对所属资产进行减值测试，并对存在减值迹象的资产计提减值准备。 2、本次拟计提资产减值准备的资产范围和总金额 公司及下属子公司对 2025 年 12 月末的金融资产、存货、固定资产、无形资 产等资产进行清查，并对上述资产可收回金额进行充分的分析和评估，对可能发 生资产减值损失的相关资产计提减值准备，预计 2025 年全年计提资产减值准备 金额合计约为 7,207.10 万元，本次拟计提资产减值准备情况未经会计师事务所 审计。具体明细如下： 资产减值准备明细表 单位：万 ...

Core Viewpoint - The company anticipates a revenue decline for the year 2025, projecting between 550 to 620 million yuan, compared to 691 million yuan in the previous year, alongside significant net losses attributed to various operational challenges [1] Financial Performance - Expected revenue for 2025 is projected to be between 550 million to 620 million yuan, down from 691 million yuan in the same period last year [1] - The net loss attributable to shareholders is estimated to be between 120 million to 165 million yuan, compared to a loss of 78.48 million yuan in the previous year [1] - The net loss after deducting non-recurring items is projected to be between 118 million to 160 million yuan, compared to a loss of 82.64 million yuan in the same period last year [1] Operational Challenges - The primary reasons for the losses include the decline in revenue and gross profit due to the peak of 5G construction passing, significant investments in virtual reality business without achieving scale, and underperformance in the three-body business leading to impairment of related licensing rights [1] - Non-recurring gains and losses are expected to be negative, impacting approximately 2 to 5 million yuan [1]