Core Viewpoint - Changxin Technology is entering the computing power sector by establishing a joint venture with Fujian Huarui Information Technology Co., Ltd., Suzhou Feisa Venture Capital Partnership, and Jiang Jianhua, aiming to diversify its business from a single display component supplier to a dual-driven model of "display + computing power" [1][2]. Group 1: Joint Venture and Business Strategy - The joint venture, Wuhu Changxin Huarui Intelligent Computing Technology Co., Ltd., has a registered capital of 100 million yuan, with Changxin Technology contributing 41 million yuan, holding a 41% stake as the largest shareholder [2]. - The joint venture will focus on three main business areas: procurement and sales of computing power-related equipment and software, collaboration with various sectors to provide intelligent computing systems and leasing, and construction and operation of intelligent computing centers with government or third parties [2]. - The establishment of the joint venture is expected to open new revenue channels and enhance existing business capabilities, contributing to a second growth curve for the company [2]. Group 2: Financial Performance - In 2024, Changxin Technology reported a total revenue of 11.058 billion yuan, a year-on-year increase of 24.4%, and a net profit of 357 million yuan, up 47.7% [3]. - For the first quarter of 2024, the company achieved revenue of 2.793 billion yuan and a net profit of 79.7 million yuan, representing year-on-year growth of 7.31% and 61.09%, respectively [3]. - The company's domestic revenue reached 6.017 billion yuan, a 10.25% increase, while overseas revenue was 5.041 billion yuan, with a significant growth of 46.92%, indicating successful international market expansion [3]. Group 3: International Expansion - To support its overseas business development, Changxin Technology plans to invest up to 27 million USD in establishing a wholly-owned subsidiary and production base in Vietnam, marking the first step in its international industrial strategy [4].

Group 1: Legal and Regulatory Developments - A U.S. federal judge ruled that Apple violated a previous court order, requiring the company to open its App Store to allow external payment methods, which could change the iOS payment landscape [2] - Apple has appealed the ruling, but developers within the iOS ecosystem can start directing consumers to third-party payment channels for at least two months before the appeal outcome [2] Group 2: Technology and Product Updates - Google launched the upgraded Gemini 2.5 Pro AI model, enhancing capabilities in coding and interactive web application development, available through Gemini API and Google’s Vertex AI [3] - Apple AI is expected to debut in the iOS 18.6 system in China, supported by Alibaba and Baidu, with Baidu's Wenxin Yiyan model as the core engine [3] - OpenAI announced a shift back to a Public Benefit Corporation model, maintaining nonprofit control over its operations, amidst criticism and legal challenges [3] Group 3: Market Strategies and Competition - Apple is changing its iPhone marketing strategy to release lower-end models in the first half of the year and high-end models in the second half, aiming to address competition in markets like China [4] - Tesla reported that over 95% of the parts for its Model 3 and refreshed Model Y are sourced from China, highlighting its reliance on local suppliers [4] Group 4: Corporate Actions and Partnerships - WeRide and Uber announced an expansion of their strategic partnership to deploy Robotaxi services in 15 new international cities over the next five years [6] - Pony.ai and Uber also reached a strategic partnership to integrate Pony.ai's Robotaxi services into the Uber platform, starting in the Middle East [7] Group 5: Industry Trends and Innovations - The global DRAM market saw a 42.5% year-on-year growth in Q1 2025, with SK Hynix overtaking Samsung to become the market leader with a 36.7% share [9] - Guoxin Technology successfully tested its quantum-resistant chip, AHC001, which is designed for high-security applications in finance, communication, and IoT [9]

Group 1 - The company Changxin Technology (300088.SZ) announced plans to establish a joint venture named Wuhu Changxin Huarui Intelligent Computing Technology Co., Ltd. with Fujian Huarui, Suzhou Feisa, and Jiang Jianhua [1] - The registered capital of the joint venture is set at 100 million yuan, with Changxin Technology holding a 41% stake, contributing 41 million yuan [1] - The joint venture will focus on procuring computing power-related equipment and software, integrating systems, and selling to end customers, as well as providing intelligent computing systems and rental services [1] Group 2 - The joint venture will also collaborate with government or third parties to build and operate intelligent computing centers [1]

股票代码：300088 股票简称：长信科技 公告编号：2025-033 芜湖长信科技股份有限公司 关于对外投资的公告 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、对外投资概述 （一）对外投资基本情况 基于对智能算力服务及相关业务领域发展前景的看好，芜湖长信科技股份有 限公司（以下简称"公司"或"长信科技"）拟与算力行业的先进企业进行合作， 充分把握算力行业发展趋势，布局新质生产力，开辟公司业务第二增长曲线。 近日，公司与福建华锐信息科技有限公司（以下简称"福建华锐"）、苏州斐 飒创业投资合伙企业（有限合伙）（以下简称"苏州斐飒"）及姜建华签署了《合 作意向书》，公司与福建华锐、苏州斐飒及姜建华共同出资设立芜湖长信华锐智 算科技有限公司（最终以市场监督管理局核准为准，以下简称"合资公司"）。合 资公司注册资本为人民币 10,000 万元，其中长信科技持股 41%，认缴出资金额 为 4100 万元；福建华锐持股 39%，认缴出资金额为 3900 万元；苏州斐飒持股 10%，认缴出资金额为 1000 万元；姜建华持股 10%，认缴出资金额为 1000 万元。 ...

芜湖长信科技股份有限公司 2025 年第一季度报告披露提示性公告 股票代码：300088 股票简称：长信科技 公告编号：2025-031 2025 年 4 月 25 日，公司召开的第七届董事会第十四次会议、第七届监事会 第十次会议审议通过了公司 2025 年第一季度报告。为使投资者全面了解本公司 的经营成果、财务状况等信息，《2025 年第一季度报告》于 2025 年 4 月 26 日 在 中 国 证 监 会 指 定 的 创 业 板 信 息 披 露 网 站 巨 潮 资 讯 网 （http://www.cninfo.com.cn/）上披露。 特此公告！ 芜湖长信科技股份有限公司 董事会 2025 年 4 月 25 日 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。 芜湖长信科技股份有限公司（以下简称"公司"）2025 年第一季度报告于 2025 年 4 月 26 日在中国证监会指定的创业板信息披露网站上披露，请投资者 注意查阅。 ...

芜湖长信科技股份有限公司董事、监事、高级管理人员 关于 2025 年第一季度报告的书面确认意见 根据《证券法》第八十二条的要求，本人作为芜湖长信科技股份有限公司的 董事、监事、高级管理人员，保证公司 2025 年第一季度报告内容真实、准确、 完整，不存在任何虚假记载、误导性陈述或者重大遗漏。 （本页以下无正文, 下页起为签字页） （本页无正文，为《芜湖长信科技股份有限公司董事、监事、高级管理人员关于 2025 年第一季度报告的书面确认意见》之签字页） 董事： 高前文 李 强 方 荣 郑建军 杨 欢 江明荫 伍运飞 王 宏 王华林 钱 军 罗 昆 2025 年 4 月 25 日 （本页无正文，为《芜湖长信科技股份有限公司董事、监事、高级管理人员关于 2025 年第一季度报告的书面确认意见》之签字页） 监事： 常丽平 王 伟 潘 治 2025 年 4 月 25 日 （本页无正文，为《芜湖长信科技股份有限公司董事、监事、高级管理人员关于 2025 年第一季度报告的书面确认意见》之签字页） 高管： 郑建军 许沭华 何晏兵 李荔芳 邹 蓁 仇泽军 陈伟达 秦青华 2025 年 4 月 25 日 ...

股票代码：300088 股票简称：长信科技 公告编号：2025-030 芜湖长信科技股份有限公司 第七届监事会第十次会议决议公告 具体内容详见公司在巨潮资讯网（http://www.cninfo.com.cn）等指定信息 披露媒体上披露的《2025 年第一季度报告》。 表决结果：同意3票，反对0票，弃权0票。 特此公告。 芜湖长信科技股份有限公司 监事会 2025 年 4 月 25 日 本公司及监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。 芜湖长信科技股份有限公司（以下简称"公司"）第七届监事会第十次会议 于 2025 年 4 月 25 日以通讯会议方式召开，会议通知已于 2025 年 4 月 18 日以书 面和邮件方式送达全体监事。本次会议应参加表决监事 3 名，实际参加表决监事 3 名。会议由监事会主席常丽平女士主持，会议的召集和召开符合《中华人民共 和国公司法》、《公司章程》等有关规定，会议合法有效。经与会监事审议并表决， 形成决议如下： 1、审议通过《2025 年第一季度报告》 ...

股票代码：300088 股票简称：长信科技 公告编号：2025-029 1、审议通过《2025 年第一季度报告》 具体内容详见公司在巨潮资讯网（http://www.cninfo.com.cn）等指定信息 披露媒体上披露的《2025 年第一季度报告》 表决结果：同意11票，反对0票，弃权0票。 特此公告。 芜湖长信科技股份有限公司 董事会 芜湖长信科技股份有限公司 第七届董事会第十四次会议决议公告 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。 芜湖长信科技股份有限公司（以下简称"公司"）第七届董事会第十四次会 议于 2025 年 4 月 25 日以通讯会议方式召开，会议通知已于 2025 年 4 月 18 日以 书面和邮件方式送达全体董事。本次会议应参加表决董事 11 人，实际表决董事 11 人，会议由公司董事长高前文先生主持。本次会议的召集召开及程序符合《中 华人民共和国公司法》、《公司章程》等有关规定，会议合法有效。经与会董事 审议并表决，形成决议如下： 2025 年 4 月 25 日 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥2,793,420,945.84, representing a 7.31% increase compared to ¥2,603,187,623.53 in the same period last year[5]. - Net profit attributable to shareholders increased by 61.09% to ¥79,702,498.14 from ¥49,476,398.96 year-on-year[5]. - The basic earnings per share rose by 60.40% to ¥0.0324, compared to ¥0.0202 in the same period last year[5]. - Net profit for the current period was ¥82,716,022.08, representing a 35.4% increase from ¥61,068,761.37 in the previous period[20]. - Earnings per share (EPS) for the current period was ¥0.0324, compared to ¥0.0202 in the previous period, reflecting a 60.9% increase[21]. - The company reported a total comprehensive income of ¥82,720,079.86, compared to ¥61,068,208.40 in the previous period, reflecting a growth of 35.5%[21]. Cash Flow - The net cash flow from operating activities improved significantly, reaching ¥216,671,270.52, a 350.09% increase from a negative cash flow of ¥86,637,951.72 in the previous year[5]. - Cash flow from operating activities generated a net amount of ¥216,671,270.52, a significant improvement from a net outflow of ¥86,637,951.72 in the previous period[22]. - Cash inflow from investment activities totaled $1,262,226,870.00, a significant increase from $446,764,438.80 in the previous period[23]. - Cash outflow from investment activities amounted to $1,547,042,068.04, compared to $591,973,930.49 previously, resulting in a net cash flow from investment activities of -$284,815,198.04[23]. - Cash inflow from financing activities was $742,504,502.56, down from $858,940,683.78 in the prior period[23]. - Net cash flow from financing activities was $236,637,835.82, a decrease from $288,907,975.99 in the previous period[23]. - The net increase in cash and cash equivalents was $171,541,043.75, compared to $61,221,986.93 previously[23]. - The ending balance of cash and cash equivalents was $1,374,877,999.53, slightly up from $1,362,268,282.04 in the prior period[23]. - The company reported a significant cash inflow of $1,261,486,720.06 from other investment-related activities, compared to $409,135,367.89 previously[23]. - Cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was $161,711,793.50, down from $226,973,930.49[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥16,999,532,159.65, up 4.74% from ¥16,230,246,621.44 at the end of the previous year[5]. - Total current assets increased to CNY 8,085,907,203.25 from CNY 7,533,163,428.88, reflecting a growth of approximately 7.35%[16]. - Cash and cash equivalents rose to CNY 1,723,291,871.03 from CNY 1,486,002,039.75, an increase of about 15.96%[16]. - Accounts receivable increased to CNY 3,623,349,996.34 from CNY 3,565,949,332.31, showing a growth of approximately 1.61%[16]. - Total liabilities increased to CNY 7,786,236,040.70 from CNY 7,372,428,711.58, representing a rise of about 5.61%[17]. - Short-term borrowings rose to CNY 2,473,340,228.18 from CNY 2,447,914,097.16, an increase of approximately 1.03%[17]. - The total assets amounted to CNY 16,999,532,159.65, up from CNY 16,230,246,621.44, indicating a growth of about 4.74%[17]. - Non-current assets totaled CNY 8,913,624,956.40, an increase from CNY 8,697,083,192.56, reflecting a growth of approximately 2.48%[17]. - The company’s long-term borrowings increased to CNY 637,237,832.82 from CNY 518,597,885.82, representing a growth of approximately 22.87%[17]. - Total equity attributable to shareholders rose to ¥8,667,490,451.44, up from ¥8,315,026,402.10, indicating a growth of 4.2%[18]. Operational Highlights - The company reported a 39.37% decrease in investment income compared to the same period last year, primarily due to reduced investment income from associates[9]. - Cash received from sales of goods and services increased by 73.45% year-on-year, driven by growth in sales scale and increased customer payments[10]. - The company reported a decrease in inventory to CNY 1,297,486,482.29 from CNY 1,312,232,538.30, a decline of about 1.12%[16]. - Research and development expenses increased to ¥115,854,293.87, up 19.4% from ¥96,981,423.46 in the previous period, highlighting a focus on innovation[19]. - The company recorded a decrease in credit impairment losses to -¥1,297,565.46 from -¥6,650,412.49, indicating improved asset quality[20]. Reporting and Governance - The company did not execute any new accounting standards adjustments for the first quarter report, which remains unaudited[24]. - The company’s board of directors released the first quarter report on April 26, 2025[24].