Core Viewpoint - The stock of Zhouming Technology has shown a positive trend with a year-to-date increase of 17.03%, reflecting strong market performance and investor interest [1][2]. Company Overview - Zhouming Technology, established on October 26, 2004, and listed on June 22, 2011, is headquartered in Shenzhen, China. The company specializes in the production and sale of LED display screens, LED decorative lights, and LED lighting products, as well as providing landscape lighting engineering services [1]. - The company's main business revenue composition includes smart displays (93.70%), smart lighting (5.06%), other (0.71%), and cultural creative lighting (0.54%) [1]. Financial Performance - For the first half of 2025, Zhouming Technology achieved an operating income of 3.658 billion yuan, representing a year-on-year growth of 7.38%. The net profit attributable to the parent company was 121 million yuan, with a year-on-year increase of 20.61% [2]. - Since its A-share listing, the company has distributed a total of 538 million yuan in dividends, with 331 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for Zhouming Technology was 37,000, a decrease of 1.15% from the previous period. The average number of circulating shares per person increased by 1.17% to 23,973 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 21.708 million shares, a decrease of 20.3098 million shares from the previous period. E Fund Supply-side Reform Mixed Fund remains unchanged at 17.4675 million shares, while Southern CSI 1000 ETF increased its holdings by 1.5523 million shares to 8.0763 million shares [3].

Group 1: Business Development and Strategy - The company has elevated its "LED+AI" business to a strategic level, focusing on building an intelligent scene ecosystem and developing proprietary AI SOC systems based on Huawei Harmony [1] - In the first half of 2025, the company signed a bulk delivery agreement for 1,500 AI integrated machines with Hong Kong Science Group, indicating accelerated commercialization of its "LED+AI" strategy [3] - The company plans to deepen its "LED+AI" strategy while expanding overseas markets and integrating technology with business to unlock further commercial value [3] Group 2: Market Position and Value Management - The company emphasizes three aspects for market value management: solidifying core business, enhancing brand recognition, and improving shareholder returns [4] - Over the past three years, the company has distributed a total of 331 million CNY in dividends and repurchased shares worth 67 million CNY, with 261 million CNY dividends completed for 2024 [4] - The company aims to maintain a competitive edge by focusing on mid-to-high-end products and differentiating from low-cost competitors through quality and technology [5] Group 3: Competitive Advantages - The company holds competitive advantages in overseas markets through differentiated technology and products, including Mini/Micro LED display technology and "LED+AI" interactive solutions [6] - It has established a global sales network covering over 160 countries, allowing for quick responses to regional market demands [7] - The brand has built a reputation for high quality and reliability, which supports product premium pricing and market expansion [7] Group 4: Asset Management and Risk Control - The company has implemented a comprehensive asset impairment management system, ensuring that the risk of impairment for receivables and inventory is controllable [8] - A proactive approach to receivables management includes a "prevention + multi-dimensional collection" system to minimize impairment risks [8] - Inventory management focuses on reducing stock levels and improving turnover rates through targeted promotional plans and enhanced supply chain efficiency [8]

Core Viewpoint - The company emphasizes its commitment to long-term shareholder returns and sustainable development, highlighting recent financial actions such as dividends and share buybacks [2] Financial Performance - The total amount of dividends distributed over the past three years is 331 million yuan [2] - The total amount spent on share buybacks in the last three years is 67 million yuan [2] - The planned dividend for the year 2024 is set at 261 million yuan [2] Strategic Initiatives - The company is actively pursuing its sixth employee stock ownership plan as part of its strategy to align long-term development with shareholder interests [2]

Group 1 - The company, Zhouming Technology, reported stable operating conditions and orderly progress in various business segments as of September 8 [2] - The company emphasizes its commitment to focusing on its core business while integrating AI technology to enhance innovation and expand applications [2] - Zhouming Technology aims to create long-term value for investors through solid operational performance [2]

Group 1 - The company, Zhouming Technology, stated on September 8 that it will strictly disclose the progress of share reduction by its controlling shareholder and actual controller in accordance with relevant laws and regulations [2]

Core Points - The company, Zhouming Technology, announced the approval of multiple proposals at its third extraordinary general meeting of shareholders for 2025, including the reappointment of the accounting firm for the fiscal year 2025 [2] Group 1 - The extraordinary general meeting was held on September 5, where significant resolutions were passed [2] - The reappointment of the accounting firm is a key decision for the company's financial oversight and reporting for the upcoming fiscal year [2] - The announcement reflects the company's commitment to maintaining strong governance and transparency in its financial practices [2]

证券代码：300232 证券简称：洲明科技 公告编号：2025-085 名称：新余德枢企业管理咨询有限公司 类型：有限责任公司(自然人投资或控股) 住所：江西省新余市渝水区康泰路21号990室 法定代表人：蒋海艳 深圳市洲明科技股份有限公司 关于控股股东、实际控制人的一致行动人变更名称及其他工商信息暨 完成工商变更登记的公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 深圳市洲明科技股份有限公司（以下简称"公司"）于近日收到控股股东、 实际控制人的一致行动人新余勤睿投资有限公司的通知，其对名称、经营范围、 注册资本等工商信息进行了变更，并已完成工商变更登记手续，取得了由新余市 渝水区行政审批局换发的《营业执照》。变更后的营业执照相关登记信息如下： 统一社会信用代码：91360502695589252F 深圳市洲明科技股份有限公司董事会 2025年9月5日 1 成立日期：2009年10月20日 注册资本：叁仟万元整 经营范围：一般项目：企业管理，企业管理咨询，市场营销策划（除依法须 经批准的项目外，凭营业执照依法自主开展经营活动） 公司控股股东、实际控制人的 ...

北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.:010-50867666 传真/Fax:010-56916450 网址/Website:www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 南昌 北京市康达律师事务所 关于深圳市洲明科技股份有限公司 2025 年第三次临时股东会的法律意见书 康达股会字[2025]第 366 号 致：深圳市洲明科技股份有限公司 北京市康达律师事务所（以下简称"本所"）接受深圳市洲明科技股份有限 公司（以下简称"公司"）的委托，指派本所律师参加公司 2025 年第三次临时 股东会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证券 ...

证券代码：300232 证券简称：洲明科技 公告编号：2025-084 深圳市洲明科技股份有限公司 2025 年第三次临时股东会决议公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 重要内容提示： 1、本次股东会无变更、否决提案的情况； 2、本次股东会未出现涉及变更前次股东会决议的情形； 3、为尊重中小投资者利益，提高中小投资者对公司股东会决议的重大事项 的参与度，本次股东会审议的议案对中小投资者单独计票。中小投资者是指除公 司的董事、高级管理人员及单独或者合计持有公司5%以上股份股东以外的其他 股东。 一、本次会议召开情况 1、会议通知情况：公司董事会已于 2025 年 8 月 19 日、2025 年 8 月 27 日 在巨潮资讯网（www.cninfo.com.cn）分别披露了《关于召开 2025 年第三次临时 股东会的通知》（公告编号：2025-077）、《关于 2025 年第三次临时股东会增 加临时提案暨股东会补充通知的公告》（公告编号：2025-081）。 2、现场会议召开时间：2025 年 9 月 5 日（星期五）下午 15:00。 3、现场会 ...

Core Insights - The LED display industry is undergoing a transformation from "one-way display" to "two-way interaction" driven by AI technology, which is seen as a key opportunity to redefine user experience and commercial potential [2][5][8] - Leading companies like Absen, Unilumin, and Leyard are elevating "LED+AI" to a strategic level, viewing it as a new engine for future growth and industry technological transformation [2][3][4] Company Strategies - Absen has positioned "LED+AI" as a core strategic direction since last year, focusing on user needs and aiming to enhance product performance and experience through AI [2][3] - Unilumin has also elevated "LED+AI" to a top strategic priority, transitioning from a display hardware manufacturer to an "AI intelligent light display ecosystem leader" [3][4] - Leyard is actively deploying its "AI+" strategy, achieving significant progress in smart service platforms and interactive products, which will drive the industry towards greater intelligence and interactivity [4] Technological Innovations - The strategic upgrade in the industry is reflected in three dimensions: quality enhancement through AI algorithms, energy efficiency via intelligent control, and smart interaction breaking the limitations of traditional displays [2][3] - Companies are developing AI solutions that adapt to different environments, enhancing user experience and creating value [2][3] Market Applications - Real-world applications of AI in LED displays include smart shopping guides, immersive experiences in cultural tourism, and interactive classrooms, which traditional displays cannot achieve [3][6] - Absen's AI solutions, such as the AI virtual digital human "Xiao Ai" and AI digital dressing solutions, have received positive feedback and are aimed at enhancing retail conversion rates [6][7] Ecosystem Development - The competition in the LED commercial display industry is shifting from product competition to ecosystem competition, with companies building comprehensive capabilities that integrate hardware, software, and content [7][8] - Unilumin's strategy includes focusing on vertical scenes, establishing a commercial closed loop for AI products, and expanding into international markets [7][8] Future Trends - The industry is expected to deepen in three directions: AI-driven performance enhancement, intelligent upgrades in interaction experience, and continuous diversification and expansion of application scenarios [8]