证券代码：300609 证券简称：汇纳科技 公告编号：2025-042 汇纳科技股份有限公司（以下简称"公司"）董事会。关于召开本次股东大 会的议案已经公司第四届董事会第二十三次会议审议通过。 3、会议召开的合法、合规性： 本次股东大会的召集和召开符合有关法律、行政法规、部门规章、规范性文 件、相关业务规则和《公司章程》的有关规定。 汇纳科技股份有限公司 关于召开 2025 年第一次临时股东大会的通知 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。 一、召开会议的基本情况 1、股东大会届次：2025 年第一次临时股东大会 2、股东大会召集人： 4、会议召开的日期和时间： （1）现场会议召开的时间为：2025 年 7 月 14 日（周一）下午 14:30 （2）网络投票时间为：2025 年 7 月 14 日 其中，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 的时间为 2025 年 7 月 14 日 9:15-9:25，9:30-11:30 和 13:00-15:00；通过深交所互 联网投票系统（http://wltp.cninfo.com.cn ...

证券代码：300609 证券简称：汇纳科技 公告编号：2025-041 一、 董事会会议召开情况 本次会议应出席董事 9 人，实际出席董事 9 人。会议由公司董事长张柏军先 生主持。公司监事和高级管理人员列席了会议。会议的召集、召开符合《公司法》 及《公司章程》的规定。 二、 董事会审议情况 1、审议通过了《关于提议召开 2025 年第一次临时股东大会的议案》 董事会提议于 2025 年 7 月 14 日下午 14:30 在上海市浦东新区张江川和路 55 弄（张江人工智能岛）6 号楼三楼会议室召开公司 2025 年第一次临时股东大 会，审议公司 2025 年度向特定对象发行 A 股股票方案等事项。 汇纳科技股份有限公司 详细内容请参见与本公告同日披露在巨潮资讯网（www.cninfo.com.cn）上的 《关于召开 2025 年第一次临时股东大会的通知》，以及公司于 2025 年 5 月 10 日披露的《公司 2025 年度向特定对象发行 A 股股票预案》等相关公告。 第四届董事会第二十三次会议决议公告 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。 汇纳科技 ...

华为海思概念股拉升，深圳华强（000062）涨停，晶赛科技涨超9%，华天科技（002185）、力源信息 （300184）、汇纳科技（300609）跟涨。 ...

广慧并购研究院院长、广慧投资董事长俞铁成对《每日经济新闻》记者感叹道，今年是自己从业以来最忙的年份之一，"我们接到了很多国资机构的邀 请，几乎一两天都会有一个机构负责人，有的是董事长亲自联系我，明确提出想收购上市公司的诉求"。 同样忙碌的还有国智产投创始合伙人孙万营，今年以来，国资机构+产业资本联手收购上市公司的案例愈发增多，他和团队也在马不停蹄地沟通调 研。"双方都非常积极，市场热情也很高。" 就在刚刚过去的5月底，上市公司罗平锌电发布公告称，该公司或迎来云南曲靖国资的入主；几乎就在同期，十堰国资委拟以11.42亿元入主上市公司科德 教育；另外，近期汇纳科技控股权被上海宝山国资+产业方联手拿下、无锡国资豪掷6.8亿元买下宁波博汇股份等，都在资本市场引发关注与热议。 地方国资"抢滩"上市公司，这一现象既承载着产业升级的战略诉求，也暗含着复杂的市场博弈。从"买什么"到"怎么买"，从"买得值不值"到"能否管得 好"，地方国资收购上市公司面临着诸多待解之问，而其答案将在市场与时间的长河中逐渐清晰。 地方国资加速"买买买"，2025年案例或创历史新高 记者梳理了2025年以来上市公司披露的控制权拟变更公告，据不完全统 ...

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。 一、 本次控制权拟发生变更的基本情况 2025 年 5 月 9 日，汇纳科技股份有限公司（以下简称"汇纳科技"、"公 司"或"上市公司"）控股股东、实际控制人张宏俊先生（以下简称"甲方"） 与江泽星先生控制的上海金石一号智能科技合伙企业（有限合伙）（以下简称"金 石一号"）、上海宝金石一号智能科技合伙企业（有限合伙）（以下简称"宝金 石一号"、金石一号与宝金石一号合称"乙方"）签署《股份转让协议》，张宏 俊将其持有的汇纳科技 12,011,412 股股份（占上市公司股份总数的 10.00%）及 其所对应的所有股东权利和权益转让给金石一号，将其持有的汇纳科技 6,005,720 股股份（占上市公司股份总数的 5.00%）及其所对应的所有股东权利和 权益转让给宝金石一号。同日，江泽星先生与上市公司签订了《附条件生效的股 份认购协议》，拟以现金方式全额认购公司向特定对象发行的股票，本次向特定 对象发行股票的数量不超过 36,000,000 股（含本数），不超过本次发行前公司总 股本的 30%。本次股份转让及向特定对象发 ...

Core Viewpoint - The control of Huina Technology Co., Ltd. is set to change as Jiang Zexing will acquire 34.60% of the shares through a combination of share transfer and private placement, becoming the new controlling shareholder and actual controller of the company [1][2]. Share Transfer and Capital Increase - Jiang Zexing will acquire shares from Zhang Hongjun, who will transfer 12,011,412 shares (10.00%) and 6,005,720 shares (5.00%) to two partnerships, Shanghai Jinshi No.1 and Shanghai Baojinshi No.1, respectively, at a total price of approximately RMB 450 million, equating to RMB 24.98 per share [1]. - Following the share transfer, the shareholding structure will change, with Jiang Zexing expected to hold 36,000,000 shares (23.06%) after the private placement, while Zhang Hongjun's shareholding will decrease to 3.85% [2]. Financial Performance - Huina Technology has reported continuous losses over the past three years, with revenues of RMB 363.35 million in 2024, a decrease of 3.43% year-on-year. The net profit attributable to shareholders has been negative for three consecutive years, with figures of -RMB 42.82 million, -RMB 38.85 million, and -RMB 34.97 million from 2022 to 2024 [3][4]. - In Q1 2025, the company achieved revenue of RMB 52.36 million, a year-on-year increase of 4.19%, but still reported a net loss of RMB -2.64 million [5]. Shareholding Changes - Zhang Hongjun, the founder and former controlling shareholder, has reduced his stake from 22.51% to 20.00% through multiple rounds of share reductions, including a significant reduction due to personal financial needs [6][8]. - As of the latest report, Zhang Hongjun holds 24,022,842 shares, representing 20.00% of the total shares, and has pledged 6.5 million shares [7]. New Controlling Shareholder's Background - Jiang Zexing, born in 1985, is the chairman of Shenzhen Jinshi 3D Printing Technology Co., Ltd., which specializes in comprehensive solutions for additive manufacturing. He directly holds 29.72% and indirectly holds 5.23% of the shares in Jinshi 3D [10][13]. - Jinshi 3D is recognized as a leading provider of additive manufacturing solutions in China, with a wide range of applications across various industries, including aerospace, automotive, and healthcare [15][16].

Investment Rating - The report initiates coverage with an "Accumulate" rating for the company [4]. Core Views - The company plans to raise no more than 739 million yuan through a private placement to enhance liquidity and expand its 3D printing business, with Jiang Zexing acquiring a 15% stake to become the new controlling shareholder [1][2]. - The acquisition aims to integrate core technologies and resources, creating a "3D printing + AI + computing power" ecosystem to support the digital transformation of the manufacturing industry [2]. - The company is a leader in customer flow analysis, providing AI and big data solutions across various sectors, including commercial and public services [2]. Financial Summary - Revenue projections for 2025-2027 are 476 million yuan, 601 million yuan, and 748 million yuan, respectively, with corresponding net profits of 34 million yuan, 79 million yuan, and 140 million yuan [3][11]. - The expected price-to-earnings (PE) ratios for the same period are 102.47x, 44.82x, and 25.22x [3][11]. - The company anticipates a revenue growth rate of 30.91% in 2025, followed by 26.44% in 2026 and 24.40% in 2027 [3][11].

并购重组概念股盘初活跃，天汽模（002510）、光智科技（300489）涨停，华夏幸福（600340）、安源 煤业（600397）、汇纳科技（300609）、富乐德（301297）等集体高开。消息面上，证监会近日发布 《关于修改〈上市公司重大资产重组管理办法〉的决定》。鼓励私募基金参与上市公司并购重组。 暗盘资金一眼洞悉庄家意图>> ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [6][8]. Core Views - The company is undergoing a significant transformation driven by "intelligent computing power + data elements," focusing on AI capabilities to enhance its market competitiveness and operational efficiency [3][5][6]. - The financial outlook shows a narrowing of losses, with projected net profits increasing significantly from 2025 to 2027, indicating a potential turning point in profitability [5][6][7]. Summary by Sections 1. AI and Big Data-Driven Core Business Layout - The company is building a high-performance computing service ecosystem, aligning with national strategies and forming joint ventures to enhance its computing power capabilities [13]. - The "HuiKe Cloud" platform is central to the company's data assetization process, integrating extensive offline commercial data to provide intelligent decision-making solutions [14][16]. - A change in actual control is anticipated, with a strategic shift towards integrating 3D printing, AI, and computing power [17][20]. 2. Large Models Driving Industrial Transformation - The emergence of open-source ecosystems is facilitating rapid innovation in vertical applications, with the company leveraging these advancements to enhance its AI capabilities [4][35]. - The introduction of the "Doubao Video World" model represents a breakthrough in visual cognition, enabling new applications in various fields without reliance on textual data [38][42]. 3. Financial Overview: Narrowing Losses and Strengthening Long-Term Value - The company has experienced revenue fluctuations and short-term profitability pressures, primarily due to high R&D expenditures and fixed costs [59]. - The transition to data services has led to a significant improvement in gross margins, indicating the effectiveness of the strategic shift towards becoming a data service provider [61]. 4. Profit Forecast and Investment Recommendations - The company is expected to see substantial growth in net profits from 2025 to 2027, with earnings per share projected to rise significantly [6][7]. - The report emphasizes the potential for the company's AI and data services to drive future growth, supported by favorable market conditions and policy incentives [6][54].

Investment Rating - The report initiates coverage with a "Buy" rating for the company [6][8]. Core Views - The company is undergoing a significant transformation driven by "intelligent computing power + data elements," focusing on AI capabilities to enhance its market competitiveness and operational efficiency [3][5][6]. - The financial outlook shows a narrowing of losses, with projected net profits increasing significantly from 2025 to 2027, indicating a potential turning point in profitability [5][6][7]. Summary by Sections 1. AI and Big Data-Driven Core Business Layout - The company is building a digital transformation foundation through a dual-engine strategy of intelligent computing power and data elements, integrating high-performance computing services [13]. - The company plans to change its actual controller, which may accelerate its strategic transformation into a new layout combining 3D printing, AI, and computing power [17][20]. - The company has developed a customer flow analysis system and a remote store inspection system, leveraging AI to enhance decision-making in commercial operations [21][24]. 2. Large Models Driving Industrial Transformation - The emergence of open-source ecosystems is facilitating the rapid development of vertical applications, with the company positioned to leverage these advancements [4][35]. - The introduction of the "Doubao Video World" model represents a breakthrough in visual cognition, allowing for video generation without text prompts, thus reshaping application paradigms [38][42]. 3. Financial Overview: Narrowing Losses and Strengthening Long-Term Value - The company has experienced revenue fluctuations and short-term profit pressures, primarily due to high R&D expenditures and fixed costs [5][59]. - The transition to data services has led to a significant increase in gross margins, indicating the effectiveness of the strategic shift towards becoming a data service provider [61]. 4. Profit Forecast and Investment Recommendations - The company is expected to see substantial growth in net profits from 2025 to 2027, with projected earnings per share (EPS) increasing from 0.10 yuan to 0.46 yuan [6][7]. - The report emphasizes the potential for the company's AI and data services to drive future growth, supported by favorable policy trends and market demand [54][64].