证券代码：300113 证券简称：顺网科技 公告编号：2026-011 根据《上市公司股权激励管理办法》《深圳证券交易所创业板股票上市规 则》《深圳证券交易所创业板上市公司自律监管指南第1号——业务办理》等相 关法律法规和《杭州顺网科技股份有限公司章程》的有关规定，公司通过向中 国证券登记结算有限责任公司深圳分公司查询，对《2026年限制性股票激励计 划（草案）》（以下简称"《激励计划》"或"本次激励计划"）的内幕信息知 情人及激励对象在本次激励计划草案公开披露前6个月内（即2025年8月27日至 2026年2月27日，以下简称"自查期间"）买卖公司股票的情况进行了自查，具 体情况如下： 一、核查的范围及程序 （一）核查对象为本次激励计划的内幕信息知情人及激励对象（以下简称 "核查对象"）； （二）本次激励计划的内幕信息知情人均填报了《内幕信息知情人登记表》； （三）公司向中国证券登记结算有限责任公司深圳分公司就核查对象在自 查期间买卖公司股票情况进行了查询确认，并由中国证券登记结算有限责任公 司深圳分公司出具了《信息披露义务人持股及股份变更查询证明》及《股东股 份变更明细清单》。 二、核查对象在自查期间买卖 ...

证券代码：300113 证券简称：顺网科技 公告编号：2026-010 杭州顺网科技股份有限公司 董事会薪酬与考核委员会关于2026年限制性股票激励计划首次授予 激励对象名单的公示情况说明及核查意见 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。 截至公示期满，公司董事会薪酬与考核委员会未接到任何对公司本次激励 计划首次授予激励对象提出的异议。 杭州顺网科技股份有限公司（以下简称"公司"）于2026年2月27日召开第 六届董事会第五次会议，审议通过了《关于<2026年限制性股票激励计划（草案）> 及其摘要的议案》《关于<2026年限制性股票激励计划实施考核管理办法>的议 案》等相关议案，具体内容详见公司在巨潮资讯网（http://www.cninfo.com.cn） 披露的相关公告。 2、董事会薪酬与考核委员会对首次授予激励对象的核查方式 董事会薪酬与考核委员会核查了本次激励计划首次授予激励对象的名单、 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）、《深 圳证券交易所创业板股票上市规则》（以下简称"《上市规则》"）、《深圳证 券交易所创业板上市 ...

证券代码：300113 证券简称：顺网科技 杭州顺网科技股份有限公司投资者关系活动记录表 | 投资者关系 | 特定对象调研 | □分析师会议 | □媒体采访 | □业绩说明会 | | --- | --- | --- | --- | --- | | 活动类别 | □新闻发布会 | □路演活动 | □现场参观 | □其他 | | 参与单位名称 | 财通证券、天风证券、申万宏源证券、兴业基金、银河基金、华安 | | | | | | 基金、鹏华基金、平安基金、中银基金、新华基金、富安达基金、 | | | | | | 创金合信基金、农银汇理基金、中信产业基金、中天汇富基金、西 | | | | | | 安江岳基金、大湾区发展基金、光大保德信基金、鸿运私募基金、 | | | | | | 广东正圆私募基金、国寿资管、华夏久盈资管、南京一米资管、深 | | | | | | 圳熙山资管、华夏久盈资管、共青城鼎睿资管、深圳市尚诚资管、 | | | | | 及人员姓名 | 广州市罗爵资管、长江证券(上海)资管、深圳市前海夷吾资管、高 | | | | | | 瓴资本、深圳前海汇杰达理资本、泽铭投资、厦门中略投资、郑州 | | | | ...

Core Viewpoint - The trend of "raising lobsters" is gaining momentum, driven by advancements in AI technology and the emergence of OpenClaw, which facilitates easier access to AI capabilities [1][2][3]. Group 1: Industry Dynamics - The rise of "raising lobsters" is linked to significant stock performance in related companies, with notable increases in share prices for firms like Wangshun Technology and Youke De [1]. - OpenClaw's development has transitioned from a low-profile project to a global phenomenon, with its open-source nature and execution capabilities attracting widespread attention [4][6]. - The rapid adoption of OpenClaw by major cloud providers like Tencent and Alibaba has significantly lowered the barriers to entry for users, leading to a surge in GitHub stars and user engagement [9][12]. Group 2: Power Transfer and Balance - "Raising lobsters" represents an irreversible trend of power transfer, where users relinquish control to AI agents in exchange for enhanced efficiency [14]. - The industry is motivated by the potential for substantial commercial benefits, as OpenClaw can generate significant API revenue through high token consumption [15]. - Regulatory concerns are rising as AI's ability to execute operations raises issues related to national security and financial oversight [16]. Group 3: Stakeholder Perspectives - Local governments and industries view "raising lobsters" as a means for industrial upgrading and monetizing computing power, actively supporting its development [18]. - Central regulatory bodies prioritize national security and financial stability, establishing boundaries to prevent systemic risks associated with AI operations [18]. - Ordinary users experience anxiety over relinquishing control, often driven by a fear of falling behind in technological adoption [17]. Group 4: Key Companies in the "Raising Lobsters" Trend - Youke De-W (688158) is a pioneer in cloud deployment, offering OpenClaw cloud images and lightweight application cloud hosts [22]. - Hand Information (300170) focuses on enterprise-level applications, integrating OpenClaw into its AI application aggregation platform [24]. - Tuo Wei Information (002261) has achieved deep adaptation of OpenClaw with its self-developed operating system, promoting a combination of domestic computing power and open-source intelligence [26]. - Longxin Zhongke (688047) has localized OpenClaw deployment using its domestic chip, achieving full autonomy from the instruction set to application [27]. - Ruixinwei (603893) provides chips suitable for personal deployment of OpenClaw, addressing low latency and data privacy needs [28]. - Beixin Source (300352) has adapted its security communication products to ensure safety during the "raising lobsters" process [29]. - Qingyun Technology-U (688316) has completed full version adaptation of OpenClaw on its cloud platform, facilitating one-click deployment [30]. - Shunwang Technology (300113) offers an AI cloud computer that integrates OpenClaw, simplifying user access to AI applications [31].

顺网科技 20260317 摘要 云业务进入加速期，设定 2026-2027 年高增长目标，计划 2025 年起 单独披露云收入，2026 年有望实现盈利。 算力规模达 5 万路但渗透率不足 1%，采取"以销代建"及共建模式， 已覆盖全国 200 余城市，2026 年将显著提速。 收入结构由算力服务、云电脑/AI 应用、云盒销售及设备出租构成； 2026 年优惠期结束后的费率提升将贡献核心增量。 算力调度实现 B 端电竞与 C 端个人/AI 场景时空互补，C 端需求旺盛呈排 队状态，高毛利 AI 云电脑业务将成利润爬坡关键。 传统业务主动收缩低毛利增值业务，2026 年 Q1-Q2 收入或承压但利润 稳健；与 B 站合作的《三国：百将录》为 2026 年主要增长点。 ChinaJoy 展会业务恢复稳定，2026 年计划探索异地、非暑期档的泛娱 乐子品牌活动以获取业务增量。 Q&A 请介绍一下公司云业务的整体情况，包括 2025 年的收入规模、股权激励目标、 业务模式、收入构成以及未来的增长驱动力？ 公司云业务在 2025 年的收入规模约为 5,000 至 6,000 万元。此次股权激励计 划创新性地将云业务收 ...

Investment Rating - The report maintains a "Buy" rating for the media industry, highlighting potential growth opportunities driven by AI advancements and market adjustments [10]. Core Insights - The media industry is experiencing a transformative phase with the rise of AI-driven applications, particularly in digital marketing and content creation. The adjustment of commission rates by major platforms like Apple is expected to enhance the survival environment for innovative companies [4][16]. - The report emphasizes the importance of AI in reshaping content production, media forms, and interaction modes, indicating a shift from generative AI to agentic AI, which is expected to create significant economic value [17][18]. Industry Overview - The media sector has shown varied performance, with the Shanghai Composite Index and Shenzhen Component Index experiencing slight fluctuations. The media sub-sectors have seen significant movements, with notable gains in companies like Zhongnan Culture and China Science Publishing [15]. - The report discusses the impact of geopolitical pressures on market sentiment, suggesting that despite challenges, the upward trend in AI-driven application scenarios remains intact [4]. Key Recommendations - Specific stocks recommended for investment include: - Shunwang Technology (300113) for its positioning in consumer-grade graphics cards [5] - Yaoji Technology (002605) for its transition from traditional card games to digital marketing [5] - Perfect World (002624) for its upcoming game releases [5] - Wanda Film (002739) for its ongoing film projects and AI-enabled content development [5] - Mango Super Media (300413) for its innovative content strategies [5]. Market Dynamics - The report notes that the adjustment of commission rates by Apple, effective March 15, 2026, will lower the standard commission from 30% to 25%, benefiting smaller developers and enhancing competition in the market [16]. - The gaming sector is highlighted for its dual approach in overseas markets, with both casual and mid-core games showing strong revenue growth through strategic content updates and seasonal events [24]. Company Performance and Forecasts - The report provides detailed earnings forecasts for various companies, indicating a positive outlook for many within the media sector, with expected EPS growth across several firms [10]. - Companies like Bilibili (9626.HK) and Tencent (0700.HK) are noted for their strong content IP and community engagement, positioning them well for continued growth in the AI era [8].

Financial Performance - The company achieved a net profit of approximately 360 million to 430 million yuan for the year 2025, representing a growth of 42.92% to 70.71% compared to the previous year [2] Computing Power Business - The company has established over 300 node data centers covering nearly 200 key cities, providing services to approximately 800,000 terminals and capable of operating 50,000 high-quality gaming-level computing power routes [3] - The company is expanding its cloud edge data center coverage and optimizing computing power scheduling to meet the growing market demand [3] AI Application Development - The company has launched an AI cloud computer that integrates various AI applications, allowing users to access a "cloud AI all-in-one machine" without complex deployment [4] - The company is developing an AI infrastructure platform that integrates computing power, models, and intelligent engines, with plans to empower more industries in the future [4] E-sports Industry Advantages - The company holds over 70% of the e-sports service market in China and maintains partnerships with over 2,000 collaborators across more than 96% of cities [5][6] - The company provides a comprehensive range of services including internet bandwidth, data center maintenance, technical services, product promotion, and managed operations [6] Game Development Progress - The company is developing a new asymmetric competitive card game titled "Three Kingdoms: Hundred Generals Card," which is currently in the testing phase [7] Equity Incentive Plan - The company disclosed a restricted stock incentive plan on February 27, 2026, aimed at attracting and retaining talent while aligning the interests of shareholders, the company, and the core team [8] - The performance assessment for this incentive plan will focus on cloud business revenue, reflecting the operational status and market value growth of the company's innovative business [8]

证券代码：300113 证券简称：顺网科技 公告编号：2026-009 杭州顺网科技股份有限公司 关于召开2026年第二次临时股东会的通知 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。 杭州顺网科技股份有限公司（以下简称"公司"）第六届董事会第六次会 议于2026年3月12日召开，会议决定于2026年3月31日下午14:30召开公司2026年 第二次临时股东会，现将本次股东会的有关事项通知如下： 一、召开会议的基本情况 1、股东会届次：2026年第二次临时股东会 2、股东会的召集人：公司董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易 所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第2号—创业 板上市公司规范运作》等法律、行政法规、部门规章、规范性文件及《杭州顺 网科技股份有限公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2026年3月31日14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2026年3月31日9:15-9:25，9:30-11:30，13:00-15:00；通 ...

东方财富证券股份有限公司 关于 杭州顺网科技股份有限公司 2026 年限制性股票激励计划（草案） 之 独立财务顾问报告 独立财务顾问：东方财富证券股份有限公司 二〇二六年三月 | 第一章 释 义 | | --- | | 第二章 声 明 | | 第三章 基本假设 . | | 第四章 本激励计划的主要内容 | | 一、本激励计划拟授出的权益形式及涉及的标的股票来源及种类 7 | | 二、本激励计划授予权益的总额 | | 三、本激励计划的相关时间安排 | | 四、限制性股票的授予价格及确定方法 | | 五、限制性股票的授予与归属条件 | | 六、本激励计划的其他内容 | | 第五章 本次独立财务顾问意见 . | | 一、关于本激励计划是否符合政策法规规定的核查意见………………………………………… 16 | | 二、关于顺网科技实行本激励计划可行性的核查意见…………………………………………………………… 16 | | 三、关于激励对象范围和资格的核查意见………………………………………………………………………… 17 | | 四、关于本激励计划的权益授出额度的核查意见 | | 五、关于公司实施本激励计划的财务意见……… ...

上海市徐汇区淮海中路 1010 号嘉华中心 45 层 邮编：200031 Suite 45/F, K.Wah Centre, 1010 Huaihai Road （M）, Xuhui District, Shanghai, China T: （86-21） 5404 9930 F: （86-21） 5404 9931 北京市竞天公诚律师事务所上海分所 关于《杭州顺网科技股份有限公司 2026 年限制性股票激励计划（草案）》 之 法律意见书 | | 释义 2 | | --- | --- | | 一、 | 公司符合实行本激励计划的条件 4 | | 二、 | 本激励计划内容的合法合规性 5 | | 三、 | 本激励计划涉及的法定程序 14 | | 四、 | 激励对象确定的合法合规性 15 | | 五、 | 本激励计划的信息披露 16 | | 六、 | 公司不存在为激励对象提供财务资助的情形 16 | | 七、 | 本激励计划对公司及全体股东利益的影响以及合法合规性 16 | | 八、 | 本激励计划涉及的回避表决情况 16 | | 九、 | 结论意见 17 | 二〇二六年三月 释义 本法律意见书中，除非文义另有所指 ...