华泰联合证券有限责任公司 关于润泽智算科技集团股份有限公司 重大资产置换、发行股份购买资产并募集配套资金 暨关联交易之部分限售股解禁上市流通的独立财务 顾问核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"、"独立财务顾问"） 作为润泽智算科技集团股份有限公司（以下简称"润泽科技"、"上市公司"或 "公司"）重大资产置换、发行股份购买资产并募集配套资金暨关联交易的独立 财务顾问及持续督导机构，根据《上市公司重大资产重组管理办法》《上市公司 并购重组财务顾问业务管理办法》的有关规定及深交所《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》的相关要求，对润泽科技重大资产置换、发行股份购买资产 并募集配套资金暨关联交易中发行股份购买资产的部分限售股解禁上市流通事 项进行了审慎核查，具体核查情况如下： 一、向特定对象发行股票购买资产概况和股本变动情况 （一）向特定对象发行股票购买资产概况 2022 年 6 月 2 日，公司收到中国证券监督管理委员会（简称"中国证监会"） 于 2022 年 5 月 27 日出具的《关于同意上海普丽盛包装股份有限公 ...

润泽智算科技集团股份有限公司重大资产置换、发行股份 1 "上海普丽盛包装股份有限公司"已更名为"润泽智算科技集团股份有限公司"。 购买资产并募集配套资金暨关联交易之部分限售股份 解禁上市流通的独立财务顾问核查意见 国元证券股份有限公司（以下简称"国元证券"或"独立财务顾问"）作为 润泽智算科技集团股份有限公司（以下简称"润泽科技"、"上市公司"或"公司"） 本次重大资产置换、发行股份购买资产并募集配套资金暨关联交易（以下简称"重 大资产重组"或"本次重组"）的独立财务顾问及持续督导机构，根据《上市公 司重大资产重组管理办法》《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》等相关法律、 法规及规范性文件的规定，对润泽科技重大资产置换、发行股份购买资产并募集 配套资金暨关联交易中发行股份购买资产的限售股份解禁上市流通事项进行了 审慎核查，核查情况及核查意见如下： 一、向特定对象发行股票购买资产概况和股本变动情况 （一）向特定对象发行股票购买资产概况 2022 年 6 月 2 日，公司收到中国证券监督管理委员会（以下简称"中国证 监会"）于 2022 ...

格隆汇8月5日丨润泽科技(300442.SZ)公布，2025年8月5日，公司通过回购专用证券账户以集中竞价方 式首次回购公司股份数量为220,000股，占公司总股本0.01%，回购成交的最高价格为47.69元/股，最低 价格为47.50元/股，支付的总金额为人民币10,473,100元（不含交易费用）。本次回购符合法律法规的 相关规定，符合公司既定的回购股份方案。 ...

润泽科技（SZ 300442，收盘价：47.67元）8月5日晚间发布公告称，截至2025年7月31日，公司尚未实 施本次回购股份。 2024年1至12月份，润泽科技的营业收入构成为：软件与信息技术服务业占比100.0%。 （文章来源：每日经济新闻） ...

润泽科技（SZ 300442，收盘价：47.67元）8月5日晚间发布公告称，2025年8月5日，公司通过回购专用 证券账户以集中竞价方式首次回购公司股份数量为22万股，占公司总股本0.01%，回购成交的最高价格 为47.69元/股，最低价格为47.5元/股，支付的总金额为人民币约1047万元。 （文章来源：每日经济新闻） 2024年1至12月份，润泽科技的营业收入构成为：软件与信息技术服务业占比100.0%。 ...

1 /股测算，回购股份数量由 6,666,667 股至 13,333,333 股调整为 6,678,242 股至 13,356,485 股。本次回购股份价格上限和数量调整的生效日期为 2025 年 7 月 18 日（2024 年年度权益分派的除权除息日）。具体内容详见公司于 2025 年 7 月 11 日在中国证券监督管理委员会指定的创业板信息披露网站巨潮资讯网 （www.cninfo.com.cn）披露的《关于 2024 年年度权益分派实施后调整回购股份 价格上限和数量的公告》（公告编号：2025-047）。 证券代码：300442 证券简称：润泽科技 公告编号：2025-048 润泽智算科技集团股份有限公司 关于回购股份的进展公告 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。 润泽智算科技集团股份有限公司（简称"公司"）于 2025 年 4 月 22 日召开 第四届董事会第二十九次会议，审议通过了《关于回购公司股份方案的议案》， 同意公司使用不低于人民币 5 亿元（含本数）且不超过人民币 10 亿元（含本数） 的自有资金或自筹资金（回购专项贷款）以集中竞 ...

沪指8月5日上涨0.96%，申万所属行业中，今日上涨的有31个，涨幅居前的行业为综合、银行，涨幅分 别为1.98%、1.59%。通信行业今日上涨1.25%。 资金面上看，两市主力资金全天净流出116.76亿元，今日有10个行业主力资金净流入，通信行业主力资 金净流入规模居首，该行业今日上涨1.25%，全天净流入资金24.85亿元，其次是非银金融行业，日涨幅 为1.23%，净流入资金为15.67亿元。 主力资金净流出的行业有21个，医药生物行业主力资金净流出规模居首，全天净流出资金53.36亿元， 其次是计算机行业，净流出资金为31.02亿元，净流出资金较多的还有国防军工、机械设备、电子等行 业。 通信行业今日上涨1.25%，全天主力资金净流入24.85亿元，该行业所属的个股共125只，今日上涨的有 98只，涨停的有6只；下跌的有23只。以资金流向数据进行统计，该行业资金净流入的个股有63只，其 中，净流入资金超亿元的有11只，净流入资金居首的是东信和平，今日净流入资金5.70亿元，紧随其后 的是中际旭创、长芯博创，净流入资金分别为4.58亿元、2.84亿元。通信行业资金净流出个股中，资金 净流出超5000万元 ...

Investment Rating - Industry Rating: Outperform the market (maintained rating) [7] Core Insights - Microsoft reported revenue of $76.442 billion for the latest quarter, a year-on-year increase of 18.1%, with net profit reaching $27.233 billion, up 23.58%, driven primarily by its intelligent cloud business [1][12] - Meta's Q2 revenue was $47.52 billion, a 22% year-on-year increase, exceeding market expectations, with ad revenue of $46.56 billion [2][15] - The overseas computing power industry remains robust, unaffected by DeepSeek and trade frictions, with a strong fundamental resonance in the related supply chain [3][28] Summary by Sections 1. Artificial Intelligence and Digital Economy - Key recommendations include optical modules and devices, with a focus on companies like Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, and Yuanjie Technology [5][31] - For switch server PCBs, recommended companies include Hudian Co., ZTE, and Unisplendour [5][31] - Low valuation and high dividend opportunities are identified in major telecom operators like China Mobile, China Telecom, and China Unicom [5][31] - AIDC and cooling solutions are highlighted, with key recommendations for companies like Yingweike and Runze Technology [5][31] - AIGC applications and edge computing are emphasized, recommending companies such as Guohua Communication and Meige Intelligent [5][31] 2. Marine Wind and Submarine Cables - Key recommendations for submarine cable companies include Hengtong Optic-Electric, Zhongtian Technology, and Oriental Cable [6][32] - The recovery of overseas markets and concentration on leading companies is noted, with recommendations for Huace Navigation and Weisheng Information [6][32] 3. Satellite Internet and Low-altitude Economy - The acceleration of national defense informatization and low-orbit satellite development is highlighted, with key recommendations for Huace Navigation and Haige Communication [6][33] - The successful launch of low-orbit satellites for broadband communication services is noted, marking significant progress in China's satellite internet initiatives [26][27] 4. Recent Industry Trends - The report indicates that the computing power industry is expected to maintain high growth, with AI as a key investment theme for 2025 [3][28] - The government has included "deep-sea technology" in its work report, indicating a positive trend for the marine wind and cable industry [3][28] - The report emphasizes the importance of AI and digital economy as long-term trends, with a focus on ICT equipment, optical modules, and cloud computing infrastructure [30][29]

Core Viewpoint - The Southern Runze Technology Data Center REIT is set to launch on August 8, 2025, with a total fund share of 1 billion and a planned duration of 50 years, subject to extension [1] Fund Details - The fundraising period is scheduled from July 14 to July 15, 2025, with a share price of 4.5 yuan, aiming to raise a total of 4.5 billion yuan [1] - The underlying asset of the fund is the A-18 Data Center owned by Runhe Technology, located in Langfang City, which is surrounded by several major electronic information industry parks [1] Industry Context - The data center industry can be categorized into wholesale and retail models; this project operates as a wholesale data center, providing cabinet hosting services and charging a service fee [1]

Core Viewpoint - This week, 32 stocks in the A-share market will face a lock-up expiration, with a total of 3.288 billion shares being unlocked, amounting to a market value of 91.974 billion yuan, which is a week-on-week increase of 4.99% [1][3]. Summary by Category Unlocking Stocks - The stock with the largest unlock market value is Runze Technology, exceeding 51 billion yuan, followed by Jiangbolong with over 13 billion yuan, and Meishi Technology, Runze Technology, Feiwotai, Hongye Futures, and Jiangbolong all seeing their circulating shares increase by over 100% [1][3][6]. Detailed Unlocking Information - Runze Technology will unlock 1.076 billion shares on August 8, 2025, with a market value of 51.821 billion yuan, representing 65.81% of its total shares. Jiangbolong will unlock 155.344 million shares on August 5, 2025, with a market value of 13.649 billion yuan, representing 37.06% of its total shares. Hongye Futures will unlock 431.642 million shares on August 5, 2025, with a market value of 5.145 billion yuan, representing 42.83% of its total shares [3][4][5]. Market Performance - As of August 1, the stock prices of Runze Technology, Jiangbolong, and Hongye Futures have shown respective changes of -2.48%, 0.42%, and -25.41% since July [3][5]. Shareholder Information - The major shareholders of Runze Technology include Jingjinji Runze (Langfang) Digital Information Co., Ltd., and other investment partnerships. The shares being unlocked are primarily from a private placement completed in August 2022 at a price of 18.97 yuan per share [4][5]. Circulating Share Increase - Among the 32 stocks facing unlocking, six stocks will see their unlock share quantity exceed 30% of their total share capital, with Meishi Technology, Runze Technology, Feiwotai, Hongye Futures, Jiangbolong, and Guangliwei having unlock ratios of 70.59%, 65.81%, 62.16%, 42.83%, 37.06%, and 33.40% respectively [7][8].