Group 1 - The core message highlights the competitive landscape between AI giants Anthropic and OpenAI, with both companies potentially aiming for IPOs at valuations exceeding 300 billion and 1 trillion respectively [1] - The current market is likened to a reality show, where beneath a calm surface, significant activities are taking place, similar to the dynamics observed in the A-share market [3] - The rapid switching of market hotspots indicates a shift in investment strategies, with liquidity being abundant but institutional investors employing advanced trading techniques that render traditional tactics ineffective [6] Group 2 - Foreign investors exhibit a dualistic approach, publicly distancing themselves from speculative stocks while actively investing in restructuring concepts, showcasing a disconnect between their statements and actions [7] - The importance of observing actual market behaviors over mere rhetoric is emphasized, suggesting that true investment insights come from analyzing financial flows rather than listening to narratives [9] - The case of Wenyitech demonstrates that institutional investors often position themselves ahead of market movements, indicating that understanding large capital behaviors is crucial in the current trading environment [14] Group 3 - The urgency for Anthropic and OpenAI to go public is driven by the need to capitalize on favorable market conditions, reflecting a broader strategy of realizing profits at peak expectations [17] - The analysis suggests that even in a bull market, a significant portion of industries may still experience declines, underscoring the necessity for retail investors to grasp the underlying market dynamics [17] - Recommendations for ordinary investors include focusing on data over narratives, monitoring actual capital flows, and utilizing appropriate analytical tools to navigate the complexities of modern trading [18]

股东会议事规则 荣科科技股份有限公司 股东会议事规则 第一章 总则 第一条 为了维护股东的合法权益，保证股东会的正常秩序和 议事效率，荣科科技股份有限公司（以下简称公司）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《证券法》）《上市公司股东会规则》《荣科科技股 份有限公司章程》（以下简称《公司章程》）等相关规定，制订本 规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用本 规则。 第三条 公司股东会由公司全体股东组成。股东会是公司的最 高权力机构。公司严格按照法律、行政法规、《公司章程》及本 规则的相关规定召开股东会，保证股东能够依法行使权利。公司 董事会应切实履行职责，认真、按时组织股东会。公司全体董事 应勤勉尽责，确保股东会正常召开和依法行使职权。 第四条 股东会应当在《公司法》和《公司章程》规定的范围 内行使职权。 第五条 股东会分为年度股东会和临时股东会。 年度股东会每年召开一次，应当于上一会计年度结束后的6 - 1 - 股东会议事规则 个月内举行。 临时股东会不定期召开。发生下列情形之一的，公司在事实 发生之日起2个月内召开临时股东会： （一）董 ...

董事会议事规则 荣科科技股份有限公司 董事会议事规则 第一条 为进一步规范荣科科技股份有限公司（以下简称公司） 董事会的议事方式和决策程序，促使董事和董事会有效地履行其 职责，提高董事会规范运作和科学决策水平，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《证券法》）、《上市公司治理准则》及《荣科 科技股份有限公司章程》（以下简称《公司章程》）等有关规定， 制订本规则。 第二条 公司设董事会秘书，董事会秘书依照规范性文件、《公 司章程》、本议事规则及公司其他相关规章制度履行职责。公司 设证券事务代表，证券事务代表依照规范性文件、《公司章程》、 本议事规则及公司其他相关规章制度，协助董事会秘书开展工作。 董事会下设董事会办公室，由公司证券部代行职能，处理董 事会日常事务。董事会秘书保管董事会印章，证券事务代表兼任 证券部负责人。 第三条 董事会会议分为定期会议和临时会议。 董事会每年至少召开两次会议，由董事长召集，于会议召开 十日以前书面通知全体董事。 - 1 - 董事会议事规则 第四条 在发出召开董事会定期会议的通知前，证券部应当充 分征求各董事的意见，初步形成会议 ...

荣科科技股份有限公司 关于续聘会计师事务所的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 荣科科技股份有限公司（以下简称公司）于 2025 年 12 月 3 日召开第六届董事 会第七次会议，审议通过了《关于续聘会计师事务所的议案》，同意聘请立信会计 师事务所（特殊普通合伙）（以下简称立信会计师事务所）为公司 2025 年度审计 机构，并同意将本议案提交股东会审议。现将相关事项公告如下： 一、拟聘会计师事务所的基本情况 关于续聘会计师事务所的公告 证券代码：300290 证券简称：荣科科技 公告编号：2025-046 （一）机构信息 1.基本信息 名称：立信会计师事务所(特殊普通合伙) 统一社会信用代码：91310101568093764U 公司类型：特殊普通合伙企业 主要经营场所：上海市黄浦区南京东路 61 号四楼 执行事务合伙人：朱建弟,杨志国 成立日期：2011-01-24 经营范围：审查企业会计报表,出具审计报告；验证企业资本,出具验资报告； 办理企业合并、分立、清算事宜中的审计业务,出具有关报告；基本建设年度财务决 算审计；代理记帐 ...

关于召开 2025 年第三次临时股东会的通知 证券代码：300290 证券简称：荣科科技 公告编号：2025-047 荣科科技股份有限公司 关于召开 2025 年第三次临时股东会的通知 本公司及董事会成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 1.股东会届次：2025 年第三次临时股东会 2.股东会的召集人：公司董事会 3.会议召开的合法、合规性：公司于 2025 年 12 月 3 日召开第六届董事会第七 次会议，审议通过《关于召开 2025 年第三次临时股东会的议案》。本次股东会的召 开符合有关法律法规和《公司章程》的规定。 4.会议召开时间： （1）现场会议召开时间：2025 年 12 月 19 日（星期五）下午 15:00。 （2）网络投票时间：通过深圳证券交易所（以下简称深交所）交易系统进行网 络投票的具体时间为 2025 年 12 月 19 日 9:15-9:25、9:30-11:30、13:00-15:00； 通过深交所互联网投票系统投票的具体时间为 2025 年 12 月 19 日 9:15-15:00 的任 意时间。 5.会议召开方式：本次股东会采取现场投 ...

第六届董事会第七次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 1.荣科科技股份有限公司（以下简称公司）第六届董事会第七次会议的会议通 知于2025年11月28日以电子邮件方式发送给各位董事。 证券代码：300290 证券简称：荣科科技 公告编号：2025-045 荣科科技股份有限公司 第六届董事会第七次会议决议公告 2.本次董事会会议于2025年12月3日以通讯方式召开。 3.本次董事会应出席董事7名，实际出席董事7名，7名董事以通讯方式出席。 4.本次董事会由董事长段刚主持，公司高级管理人员列席了本次会议。 5.本次董事会会议的召集、召开符合《公司法》等有关法律法规和《公司章程》 的相关规定。 二、董事会会议审议情况 表决结果：7 票同意，0 票反对，0 票弃权。同意票数占总票数的 100%； 与会董事经过认真审议，以表决票方式通过了以下议案： 2.董事会议事规则 （一）关于修订公司部分治理制度的议案 为全面贯彻落实最新法律法规要求，确保公司治理与监管规定保持同步，进一 步规范公司运作机制，提升公司治理水平，根据《上 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300290 | 末科科技 | 25.19 | -3.60% | 17.04万 | 4.29 乙 | | 300007 | 汉威科技 | 48.15 | -3.12% | 13.18万 | 6.38亿 | | 300049 | 福瑞股份 | 67.36 | -2.91% | 3.46万 | 2.36 Z | | 688246 | 嘉和美康 | 23.51 | -2.81% | 2.35万 | 5524.15万 | | 300018 | 中元股份 | 10.84 | -2.78% | 16.76万 | 1.82亿 | | 600797 | 浙大网新 | 10.84 | -2.43% | 50.11万 | 5.45 Z | | 300166 | 东方国信 | 10.65 | -2.38% | 30.53万 | 3.26亿 | | 002315 | 焦点科技 | 44.24 | -2.32% | 5.92万 | 2.63亿 | | 300730 | 科创 ...

Core Insights - The DRG/DIP concept sector experienced a decline of 0.89%, ranking among the top losers in the market [1] - Notable stocks within the sector included Langchao Software, Jiayuan Technology, and Digital Certification, which saw significant declines, while Shichuang Medical, Taiji Co., and Saili Medical were among the few that increased in value [1] Market Performance - The top-performing concept sectors included Smart Speakers (+3.71%), AI Phones (+3.39%), and Zinc Metals (+2.86%), while the DRG/DIP sector was among the laggards with a decline of 0.89% [2] - The DRG/DIP sector faced a net outflow of 311 million yuan, with 17 stocks experiencing net outflows, and 9 stocks seeing outflows exceeding 10 million yuan [2] Key Stocks and Fund Flow - Langchao Software led the outflow with a net withdrawal of 148 million yuan, followed by Rongke Technology and Shichuang Medical with outflows of 53.22 million yuan and 32.94 million yuan, respectively [2][3] - Conversely, Taiji Co., Weining Health, and Guoxin Health were the top gainers in terms of net inflow, attracting 41.91 million yuan, 16.34 million yuan, and 7.48 million yuan, respectively [2] Detailed Stock Movements - Langchao Software saw a decline of 6.01% with a turnover rate of 22.29% and a net outflow of 147.51 million yuan [2][3] - Other notable declines included Rongke Technology (-2.50%), Shichuang Medical (+4.18%), and Donghua Software (-0.20%) [2][3] - Taiji Co. and Weining Health showed positive movements with increases of 1.60% and 1.28%, respectively, while Guoxin Health remained stable with a slight decrease of 0.20% [2][3]

Market Overview - The Shanghai Composite Index rose by 0.87% on November 25, with 29 out of the 31 sectors experiencing gains, led by the communication and media sectors, which increased by 3.54% and 2.85% respectively [2] - The computer sector also saw an increase of 1.10% [2] Capital Flow - The net inflow of capital in the two markets was 13.215 billion yuan, with 19 sectors receiving net inflows [2] - The electronics sector had the highest net inflow of 5 billion yuan, followed closely by the communication sector with a net inflow of 4.881 billion yuan [2] Computer Sector Performance - In the computer sector, 336 stocks were tracked, with 273 stocks rising and 53 stocks declining [3] - The top three stocks with the highest net inflow were Rongji Software (4.25 billion yuan), South Network Digital (4.06 billion yuan), and Dahua Intelligent (1.90 billion yuan) [3] - The sector experienced a net outflow of 3.072 billion yuan, with the largest outflows from Zhongke Shuguang (7.75 billion yuan), Sanliu Ling (4.34 billion yuan), and Nanwei Software (2.04 billion yuan) [3][5] Top Gainers in Computer Sector - The top gainers in the computer sector included: - Rongji Software: +10.03%, turnover rate 47.81%, net inflow 425.13 million yuan - South Network Digital: +19.99%, turnover rate 55.02%, net inflow 406.37 million yuan - Dahua Intelligent: +10.02%, turnover rate 12.05%, net inflow 190.23 million yuan [4] Top Losers in Computer Sector - The top losers in the computer sector included: - Zhongke Shuguang: -0.44%, turnover rate 2.69%, net outflow -775.37 million yuan - Sanliu Ling: +1.15%, turnover rate 7.60%, net outflow -433.98 million yuan - Nanwei Software: -2.29%, turnover rate 22.81%, net outflow -204.03 million yuan [5]

Market Overview - The IT services sector increased by 0.77% on November 13, with Meidun Technology leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Top Performers - Meidun Technology (code: 920227) closed at 66.28, up 13.57% with a trading volume of 18,600 [1] - Haixia Innovation (code: 300300) closed at 13.31, up 10.92% with a trading volume of 2,498,700 [1] - Guangyun Technology (code: 688365) closed at 14.89, up 8.77% with a trading volume of 135,300 [1] - Hongjing Technology (code: 301396) closed at 64.41, up 7.89% with a trading volume of 81,100 [1] - Huina Technology (code: 300609) closed at 41.20, up 7.29% with a trading volume of 101,400 [1] Underperformers - Huibo Yuntong (code: 301316) closed at 48.19, down 3.14% with a trading volume of 82,800 [2] - ST Haofeng (code: 300419) closed at 7.52, down 3.09% with a trading volume of 257,800 [2] - Rongke Technology (code: 300290) closed at 27.64, down 2.95% with a trading volume of 262,000 [2] Capital Flow - The IT services sector experienced a net outflow of 586 million yuan from institutional investors, while retail investors saw a net inflow of 560 million yuan [2] - Speculative funds had a net inflow of 25.8 million yuan [2] Individual Stock Capital Flow - Major net inflows were observed in Dawei Technology (code: 600589) with 77.82 million yuan, and Hongjing Technology (code: 301396) with 72.36 million yuan [3] - Notable net outflows were seen in Huina Technology (code: 300609) with 33.11 million yuan and Han De Information (code: 300170) with 26.83 million yuan [3]