Core Viewpoint - The establishment of Huayun Smart Energy Technology (Wuhan) Co., Ltd. aims to leverage AI to enhance flexible and intelligent power generation, providing digital and smart solutions for the energy sector [1] Group 1: Company Developments - Haoyun Technology, along with its partners, has signed an investment agreement to establish Huayun Smart, holding a combined 51% stake [1] - The collaboration includes contributions from Huazhong University of Science and Technology and Huazhi Thermal Technology, focusing on the industrialization of technological achievements [1][5] - Huayun Smart integrates academic, engineering, and practical experience to create a comprehensive business model [5] Group 2: Market Opportunities - The Chinese government has introduced policies to accelerate the flexibility transformation of existing coal-fired power units, with a potential market size of 400 billion yuan [2] - The demand for digital and intelligent technologies in the traditional coal power industry is increasing due to the dual carbon goals and the need for flexibility upgrades [3] Group 3: Technological Innovations - Huayun Smart is developing three core technologies: IoT coal flow and quality monitoring, AI-based predictive control, and flexible execution technology [4] - The project has achieved a breakthrough in the load adjustment rate of coal-fired units, reaching a new global record of 3.5% per minute [4] - The technology has been adopted by nearly 20 power plants across five major power generation groups, showcasing its international leadership [4] Group 4: Strategic Alignment - The technology roadmap of Huayun Smart aligns with national policies on coal power decarbonization and modernization [5] - The small powder warehouse flexible intelligent solution has become a leading technology in the flexibility upgrade of thermal power generation [5] - The company aims to create an innovative service ecosystem covering the entire energy value chain through advanced technologies [6]

Core Insights - Haoyun Technology plans to invest 32.8 million yuan to establish a subsidiary, Huayun Smart Energy Technology (Wuhan) Co., Ltd., focusing on "AI-enabled flexible intelligent power generation" solutions for the energy sector [1] - The company aims to leverage digital and intelligent technologies to enhance cost efficiency and facilitate low-carbon transformation in the traditional coal power industry, driven by the dual carbon goals and the need for increased flexibility in coal power generation [3][4] Company Developments - The establishment of Huayun Smart Energy is a collaborative effort that integrates academic, research, and industrial capabilities, utilizing the strengths of Huazhong University of Science and Technology and Huazhi Thermal Technology [5] - The subsidiary's core technologies include IoT coal flow and quality monitoring, AI-based predictive control, and enhanced flexible storage solutions, aiming to create a closed-loop solution for coal power flexibility [4][5] Market Potential - The market for flexible transformation of coal power generation is substantial, with optimistic estimates suggesting a market space of 40 billion yuan, driven by government policies promoting the upgrade of coal power units [2] - Huayun Smart Energy's solutions are aligned with national policies aimed at low-carbon transformation and have been recognized as a leading technology in the industry [5] Technological Advancements - The company has developed a new generation of coal power flexibility technology, achieving a load adjustment rate of 3.5% per minute, surpassing previous records and demonstrating significant advancements in coal power flexibility [4] - The technology has been successfully implemented in nearly 20 power plants across five major power generation groups, showcasing its international competitiveness [4] Strategic Positioning - Haoyun Technology is positioning itself as a comprehensive platform for energy digitalization, integrating advanced AI and big data technologies to cover the entire energy value chain [6] - The company's innovative service ecosystem aims to fill gaps in traditional coal power intelligence, enhancing collaboration between main and auxiliary machines [6]

Core Viewpoint - Haoyun Technology (300448.SZ) reported its Q3 2025 results, indicating a slight decline in institutional ownership and a stable presence of public funds and foreign investors [1] Institutional Ownership - As of October 24, 2025, two institutional investors disclosed holdings in Haoyun Technology A-shares, totaling 4.3567 million shares, which represents 0.64% of the total share capital [1] - The institutional ownership ratio decreased by 0.01 percentage points compared to the previous quarter [1] Public Fund Activity - In this reporting period, 39 public funds were disclosed, which were not reported in the previous quarter [1] - Notable funds include Morgan Stanley Multi-Factor Strategy Mixed, Guojin Quantitative Multi-Factor A, Guojin Quantitative Selected A, CITIC Prudential CSI Information Security Index (LOF) A, and CITIC Jiantou Zhixin Internet of Things A [1] Foreign Investor Attitude - Two new foreign institutions disclosed their holdings this quarter, including UBS AG and J.P. Morgan Securities PLC - proprietary funds [1]

Core Viewpoint - Haoyun Technology (300448.SZ) reported a year-on-year revenue increase of 30.01% for the first three quarters, reaching 322 million yuan, despite incurring a net loss of approximately 23.63 million yuan [1] Financial Performance - Revenue for the first three quarters amounted to 322 million yuan, reflecting a growth of 30.01% compared to the previous year [1] - The company reported a net loss of 23.63 million yuan for the same period [1] - The non-recurring net loss was recorded at 30.24 million yuan [1] - Basic earnings per share were reported at -0.0354 yuan [1]

智通财经APP讯，浩云科技(300448.SZ)发布2025年三季度报告，该公司前三季度营业收入为3.22亿元， 同比增长30.01%。归属于上市公司股东的净亏损为2362.87万元。归属于上市公司股东的扣除非经常性 损益的净亏损为3023.83万元。基本每股亏损为0.0354元。 ...

Core Points - The company, Haoyun Technology, announced a comprehensive asset impairment test and valuation as of September 30, 2025, to accurately reflect its financial status and asset value [1] - The total amount of asset impairment provision for the first three quarters of 2025 is reported to be 9,950,336.69 yuan [1] Financial Reporting - The asset impairment provision is in accordance with the "Enterprise Accounting Standards" and the "Shenzhen Stock Exchange Growth Enterprise Market Listing Rules" [1] - The company aims to ensure a true, accurate, and objective representation of its financial condition and operational results through this process [1]

Group 1 - The core point of the article is that Haoyun Technology reported a revenue of 322 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 30.01% [1] - The net profit attributable to shareholders of the listed company was -24 million yuan, showing a significant year-on-year decline of 378.38% [1] - The basic earnings per share were -0.0354 yuan, which also represents a year-on-year decrease of 378.74% [1]

Core Viewpoint - Haoyun Technology Co., Ltd. has released a comprehensive "Share Buyback Management System" aimed at protecting investor interests and promoting sustainable development of the company [1] Group 1: Buyback Situations - The system specifies four scenarios for share buybacks: reducing registered capital, employee stock ownership plans or equity incentives, converting convertible bonds, and necessary actions to maintain company value and shareholder rights [2] Group 2: Basic Requirements for Buybacks - The buyback methods are limited to centralized bidding, tender offers, or other methods approved by the China Securities Regulatory Commission (CSRC). The total shares repurchased under certain conditions cannot exceed 10% of the total issued shares, and funds must be legally sourced [3] Group 3: Implementation Procedures and Disclosure Requirements - Strict decision-making procedures are required for share buybacks, with timely announcements of proposals and monthly progress reports during the buyback period. The company must disclose details such as purpose, method, price range, quantity, funding sources, and implementation period [4] Group 4: Share Handling and Daily Supervision - Shares repurchased for maintaining company value can be sold after twelve months, subject to trading window restrictions. The company must manage insider information and prevent illegal activities related to share buybacks [5] Group 5: Funding and Price Regulations - The funding for buybacks must be compliant, and the buyback price must be justified if it exceeds 150% of the average trading price over the previous thirty days. Cash buybacks will be included in the annual cash dividend calculation [6]

浩云科技股份有限公司 回购股份管理制度 浩云科技股份有限公司 回购股份管理制度 二〇二五年十月 | | | 浩云科技股份有限公司 回购股份管理制度 第一章 总则 第一条 为规范浩云科技股份有限公司（以下简称"公司"）的回购股份行 为，切实保护广大投资者的利益，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 份回购规则》（以下简称《回购规则》）、《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 9 号——回购股份》（以下简称《自律 监管指引第 9 号》）等法律、法规和规范性文件的规定，结合《浩云科技股份有 限公司章程》（以下简称《公司章程》）的有关规定及公司实际情况，特制定本 制度。 第二条 因下列情形回购本公司股份的，适用本制度： （一）减少公司注册资本； （二）将股份用于员工持股计划或者股权激励； （三）将股份用于转换公司发行的可转换为股票的公司债券； （四）为维护公司价值及股东权益所必需。 前款第（四）项所指情形，应当符合以下条件之一： （一）公司股票收盘价格低于最近一期每股净资产； （二）连续二十个交易日内公 ...

浩云科技股份有限公司 互动易平台信息发布及回复内部审核制度 浩云科技股份有限公司 互动易平台信息发布及回复内部审核制度 二〇二五年十月 | | | 浩云科技股份有限公司 互动易平台信息发布及回复内部审核制度 第一章 总则 第一条 为规范浩云科技股份有限公司（以下简称"公司"）互动易平台信息 的发布和提问回复的管理，建立公司与投资者良好沟通机制，提升公司治理水平， 根据《上市公司信息披露管理办法》《上市公司投资者关系管理工作指引》《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》等法律法 规、规范性文件及《浩云科技股份有限公司章程》的规定，制定本制度。 第四条 在互动易平台发布信息或回复投资者提问时，应当谨慎、理性、客观， 以事实为依据，保证发布的信息和回复的内容真实、准确、完整。公司信息披露以 指定信息披露媒体披露的内容为准，不得通过互动易平台披露未公开的重大信息。 公司在互动易平台发布或回复的信息不得与依法披露的信息相冲突。 第二条 本制度所指"互动易"平台是指深圳证券交易所为上市公司与投资者 之间搭建的自愿性、交互式信息发布和进行投资者关系管理的综合性网络平台，是 上市公司法定信息披 ...