证券代码：300448 证券简称：浩云科技 公告编号：2025-051 浩云科技股份有限公司 关于投资设立控股子公司暨关联交易进展的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 一、关于投资设立控股子公司暨关联交易事项概述 2025 年 10 月 24 日，浩云科技股份有限公司（以下简称"公司"）召开第六 届董事会独立董事第一次专门会议、第六届董事会审计委员会第六次会议、第 六届董事会第五次会议审议通过了《关于投资设立控股子公司暨关联交易的议 案》，同意公司与高洁芬、邓伟、武汉华中科大资产管理有限公司、华智热工科 技（佛山）有限公司签订出资协议书，共同出资 3,280.00 万元人民币在湖北省 武汉市设立华云智慧能源科技（武汉）有限公司，具体内容详见公司于 2025 年 10 月 25 日在巨潮资讯网（http://www.cninfo.com.cn）披露的《关于投资设立 控股子公司暨关联交易的公告》（公告编号：2025-048）。 二、关于投资设立控股子公司暨关联交易的进展情况 3、类型：其他有限责任公司 4、法定代表人：高洁芬 5、住所：湖北省武汉 ...

Group 1 - A new company named Huayun Smart Energy Technology (Wuhan) Co., Ltd. has been established with a registered capital of 32.8 million yuan [2] - The legal representative of the company is Gao Jiefen, and its business scope includes engineering and technology research and development, as well as energy-efficient technology research in the electric power industry [2] - The shareholders of the company include Haoyun Technology (300448) and Wuhan Huazhong University of Science and Technology Asset Management Co., Ltd. [2]

Group 1 - Recently, Huayun Smart Energy Technology (Wuhan) Co., Ltd. was established, focusing on the manufacturing of new energy power equipment, electronic special equipment manufacturing, and sales of electrical facility materials [1] - The company is jointly held by Haoyun Technology (300448) and others, indicating a collaborative investment approach in the new energy sector [1]

Core Insights - Recently, Huayun Smart Energy Technology (Wuhan) Co., Ltd. was established with a registered capital of 32.8 million RMB, focusing on efficient energy-saving technologies and digital solutions for the energy sector [1] Company Information - The company is co-owned by Haoyun Technology (46% share), Wuhan Huazhong University of Science and Technology Asset Management Co., Ltd. (9.61% share), and other stakeholders [2] - The legal representative of the company is Gao Jiefen, and it was officially registered on November 1, 2025 [2] Business Focus - The company aims to develop "AI-enabled flexible intelligent power generation" solutions, collaborating with a professor team from the National Key Laboratory of Coal Combustion and Low Carbon Utilization at Huazhong University of Science and Technology [1][2] - Its business scope includes engineering and technology research, high-efficiency energy-saving technology development, and manufacturing of new energy equipment [1][2]

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]

Core Insights - The company reported a revenue of 322 million yuan for the first three quarters of 2025, representing a year-on-year growth of 30.01% [1] - The net loss attributable to shareholders of the listed company was 23.6287 million yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 30.2383 million yuan [1] - The basic loss per share was 0.0354 yuan [1]

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]