证券代码：300624 证券简称：万兴科技 公告编号：2025-048 万兴科技集团股份有限公司 2025年第二次临时股东会决议公告 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。 特别提示： 1、本次股东会无变更、否决提案的情形。 2、本次股东会不涉及变更前次股东会决议的情形。 一、会议召开情况 1、会议召开时间： （1）现场会议召开时间：2025 年 7 月 21 日（星期一）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 7 月 21 日 9:15-9:25，9:30-11:30，下午 13:00-15:00；通过深交所互联网投票系统进行网络投票的具体时间为：2025 年 7 月 21 日 9:15 至 15:00 期间的任意时间。 2、现场会议召开地点：深圳市南山区海天二路软件产业基地 5 栋 D 座 3 楼 会议室。 3、会议召开方式：采取现场投票与网络投票相结合的方式。 4、会议召集人：公司董事会。 52,062,922 股，占公司有表决权股份总数的 27.0517% ...

广东信达律师事务所 股东会法律意见书 中国深圳福田区益田路6001号太平金融大厦11、12层 邮政编码：518038 11&12/F, TaiPing Finance Tower, 6001 Yitian Road, Futian District, SHENZHEN, CHINA 电话(Tel.)：(86 755)88265288 传真(Fax.)：(86 755)88265537 电子邮件(Email)：info@sundiallawfirm.com 网址(Website)：www.sundiallawfirm.com 关于万兴科技集团股份有限公司 2025年第二次临时股东会的 法律意见书 信达会字[2025]第223号 致：万兴科技集团股份有限公司 广东信达律师事务所（以下简称"信达"）接受万兴科技集团股份有限公司 （以下简称"公司"）委托，指派信达律师出席公司2025年第二次临时股东会（以 下简称"本次股东会"），对本次股东会的合法性进行见证，并出具本《广东信 达律师事务所关于万兴科技集团股份有限公司2025年第二次临时股东会的法律 意见书》（以下简称"《股东会法律意见书》"）。 本《股东会法律意见书 ...

证券简称：万兴科技 证券代码：300624 万兴科技集团股份有限公司 2025 年第二期员工持股计划 （本计划主要条款与公司 2025 年 7 月 5 日披露的 2025 年第二期员工持股计划草案及摘 要内容一致） 二〇二五年七月 万兴科技集团股份有限公司 2025 年第二期员工持股计划 声明 公司及全体董事保证本员工持股计划内容不存在虚假记载、误导性陈述或者 重大遗漏，并对本员工持股计划内容的真实性、准确性、完整性承担个别和连带 的法律责任。 1 万兴科技集团股份有限公司 2025 年第二期员工持股计划 风险提示 （一）本员工持股计划的资金来源、股份来源、参加对象等要素均属初步结 果，能否完成实施，存在不确定性。 （二）如参加对象的认购资金不足，本员工持股计划存在不能成立或者低于 预计规模的风险。 （三）股票价格受公司经营业绩、宏观经济周期、国际/国内政治经济形势 及投资者心理等多种复杂因素影响。因此，股票交易是有一定风险的投资活动， 投资者对此应有充分准备。 （四）公司将根据有关规定及时披露本员工持股计划进展情况，敬请广大投 资者谨慎决策，注意投资风险。 2 万兴科技集团股份有限公司 2025 年第二期员 ...

张铮认为，AI视频生成市场正在崛起并逐步成型。2025年将成为AI推动创作全民化与产业智能化的关 键转折点，到2030年，AI视频将凭借其强大的创新能力和变革力量，对现有的创意生态进行重构；同 时，音视频跨界生成将成为行业发展的常态，并深度融入创意生产的各个环节。此外，从全球音视频大 模型行业的发展现状来看，头部效应暂未显现，行业格局仍处于动态变化之中，市场需求呈现出多样化 的特点，提供多样化的AIGC解决方案是大势所趋。 据悉，面对AI视频产业的广阔机遇，万兴科技持续破壁引才，携手共赴AI大时代。公司已启动2026届 校园招聘及实习生招聘，此外还以"平台+创业者"特色组织模式，为创业者提供广阔的平台沃土。对 内，万兴科技大力推进创新创业激励计划，激励骨干员工升级成为内部创业合伙人；对外，公司持续投 资孵化潜力项目，夯实AIGC创意软件布局。 在活动现场，受邀出席的万兴科技副总裁张铮发表《创意产业AI进化论从技术赋能到生态共赢》主题 演讲。他表示，步入2025年，AI Agent领域已迎来产品落地的爆发期，各类工具均面临着以Agent形态 重做一遍的历史性机遇。AI Agent时代浪潮下，视频创作领域将在资源 ...

大公司： 美团宣布养老保险补贴将全国上线，预计可覆盖超百万名骑手 36氪获悉，7月17日下午，美团宣布今年内将在全国范围推广养老保险补贴，该社保计划预计将覆盖超 百万外卖骑手。美团相关负责人还介绍了多方面保障升级，从7月1日起，骑手"工伤险"，即"新职伤"已 扩展到17个省级行政区，为骑手提供意外伤害风险防护网；骑手安全方面，将继续升级事前预防、事中 干预和事后兜底的骑手安全体系，骑手安全跑单可获得现金奖励；骑手服务方面，未来三年新建1000 座"骑手之家"，由中华全国总工会合作建设落地，并面向全行业开放。 爱奇艺推出内容热度值"四大殿堂" 36氪获悉，爱奇艺基于平台内容热度值推出"剧集四大殿堂"系列，包括"荣誉殿堂"（内容热度值达 10000及以上的剧集）、"国民殿堂"（内容热度值达9500及以上的剧集）、"人气殿堂"（内容热度值达 9000及以上的剧集）、"佳片殿堂"（内容热度值达8000及以上的剧集）。据介绍，爱奇艺是国内第一家 推出内容热度值的视频平台。 哪吒汽车母公司预招募重整意向投资人 据阿里资产消息，合众新能源汽车股份有限公司（哪吒汽车母公司）重整意向投资人预招募通道正式开 启，自2025年7月 ...

在此前的华为开发者大会上，万兴科技作为重要合作伙伴，正式发布全新一代产品。运营商财经网注意 到2024年万兴科技亏损1.63亿元。具体是什么情况呢？ 据万兴科技公布的2024年年报显示，全年公司实现营业收入14.40亿元，同比下降2.78%；净利润 为-1.574亿元，同比下降245.37%；归母净利润-1.63亿元，同比下滑289.61%；扣非后归母净利润-1.61亿 元，同比转负。 运营商财经网整理了近几年万兴科技的年报数据发现，除了在2021年有-3349万元的亏损外，近些年万 兴都保持着较为稳定的盈利，直到2024年亏损1.63亿元。 对于2024年这样的亏损情况，万兴科技在年报中解释主要是由于公司营业成本、研发费用和销售费用有 所增长以及计提商誉减值所致，并表示公司的持续经营能力不存在重大风险。 | | | | 分行业 | | | 毛利率 | | | 毛利率比 | | --- | --- | --- | --- | --- | --- | --- | | | 营业收入 | 营业成本 | | 比上年增 比上年增 上年增减 | | | | | 主营业务分行业情况 | | (%) | 营业收入 营业成本 ...

Investment Rating - The report maintains a positive outlook on the computer industry for Q2 2025, indicating an expected improvement in performance [2][4]. Core Insights - The report predicts a gradual recovery in industry profits starting from Q2 2025, with revenue growth rates of 5% and 21% for Q4 2024 and Q1 2025 respectively, and net profit growth rates of -68% and 82% [4][5]. - A total of 55 tracked A-share and Hong Kong-listed computer companies are analyzed, with 13 companies expected to achieve over 50% net profit growth, representing 23.6% of the sample [4][5]. - The report identifies key investment targets across various segments, including AIGC, digital economy leaders, and data innovation [4][5]. Summary by Category Company Performance Predictions - Companies with over 50% net profit growth include: - Jinzheng Co. (4493%) - Zhongke Chuangda (333%) - Zhina Zhen (313%) - Kalait (265%) - Hengsheng Electronics (233%) [4][5][6]. - Companies with 30%-50% net profit growth include: - Dameng Data (48%) - Fanwei Network (39%) - New Point Software (38%) [4][5][6]. - Companies with 0%-30% net profit growth include: - Dongfang Caifu (27%) - Haiguang Information (27%) - Desai Xiwai (27%) [4][5][6]. - Companies with -30% to 0% net profit growth include: - Weining Health (-4%) - Nova Star Cloud (-11%) [4][5][6]. - Companies with less than -30% net profit growth include: - Qiming Star (-30%) - Top Point Software (-36%) [4][5][6]. Key Investment Targets - AIGC Segment: Jinshan Office, Wanxing Technology, Daotong Technology, Hongsoft Technology, and others [4]. - Digital Economy Leaders: Hikvision, Jinshan Office, Hengsheng Electronics, and others [4]. - Data Innovation: Haiguang Information, Ruantong Power, Suocheng Technology, and others [4]. - AIGC Computing Power: Langchao Information, Haiguang Information, and others [4].

Investment Rating - The report assigns a neutral rating to the company, down from a previous buy rating [3][7][14]. Core Insights - The company is well-positioned to benefit from the growth trend in the AIGC industry, with 67% of its 2024 revenue coming from video creative products, primarily AI-enabled Filmora and Virbo [3][14]. - Revenue is expected to recover in 2025 with a projected year-on-year growth of 15%, following a decline of 3% in 2024 due to a strategic shift from PC to mobile [4][12]. - The company has launched an upgraded AI video model, Tianmu 2.0, which enhances video quality and production efficiency, further solidifying its position in the content generation sector [5][12]. Revenue and Profitability Outlook - The company anticipates a return to revenue growth in 2025, driven by new application launches and user growth, despite high marketing expenses expected to remain at 53% [4][12]. - The net profit margin is projected to turn positive at 3.7% in 2025, benefiting from operational leverage and improved efficiency from AI integration [13][14]. Valuation and Financial Metrics - The target price has been adjusted from RMB 72.00 to RMB 70.00, reflecting a new DCF valuation that corresponds to a 7.8x EV/Sales for 2025E [6][34]. - The company's current stock price of RMB 68.47 implies a valuation slightly above its historical average of 7.1x EV/Sales [6][36]. - Revenue forecasts for 2025-2027 have been reduced by 7-15%, primarily due to the weak revenue performance in 2024 [6][32]. Market Position and Competitive Landscape - The company faces increasing competition from emerging AI-native startups and established players like CapCut, which may limit its short-term profit upside [14][12]. - The report highlights the importance of maintaining a competitive edge through continuous product upgrades and effective marketing strategies to attract a broader consumer base [4][14].

Investment Rating - The report maintains a positive investment rating for the domestic computing power and AI application sectors, highlighting significant growth potential in these areas [6]. Core Insights - A new round of AI "arms race" has commenced globally, with the release of major models like Grok4 and Kimi K2 expected to significantly boost domestic computing power demand and application ecosystems [4][10]. - The report emphasizes the importance of focusing on domestic AI computing power, particularly in chip design, advanced wafer manufacturing, and liquid cooling technologies [4]. - Various AI application sectors are highlighted, including office automation, programming, terminal AI, ERP/CRM, judicial applications, financial/taxation services, education, healthcare, and customer service [4]. Summary by Sections Market Review - During the week of July 7-11, the CSI 300 index rose by 0.82%, the SME index increased by 0.73%, and the ChiNext index saw a rise of 2.36%. The computer sector (CITIC) experienced a growth of 3.37% [2]. Industry News - Notable company developments include Zhuoyi Information's plan to reduce its shareholding by up to 2,271,445 shares, representing no more than 1.88% of total shares [3]. - Wanjie Technology received nine invention patent certificates from the National Intellectual Property Administration [3]. Weekly Insights - The report suggests focusing on key players in the domestic AI computing power sector, such as Cambrian and Haiguang Information in chip design, and SMIC in advanced wafer manufacturing [4]. - The report also identifies various AI application companies across different sectors, including Kingsoft Office, Hehe Information, and Keda Xunfei in office automation and education [4]. Recent Developments - The report outlines significant investments and acquisitions in the AI sector, including Amazon's potential additional investment in Anthropic and Google's acquisition of AI programming startup Windsurf's core talent and technology [16][17]. - The report notes that xAI, led by Elon Musk, is negotiating a new funding round that could value the company at up to $200 billion, reflecting the growing interest and investment in AI technologies [10][18]. AI Application Ecosystem - The report highlights the rapid growth of AI applications, with OpenAI and Anthropic achieving annual recurring revenues (ARR) of $10 billion and $3 billion, respectively [22]. - Domestic AI applications like deepseek and Doubao are showing significant commercial potential, with user engagement metrics comparable to leading international AI applications [22]. Global AI Company Rankings - The report provides a ranking of global AI companies based on their ARR, with OpenAI leading at $10 billion, followed by Anthropic at $3.008 billion [23].

长沙晚报掌上长沙7月11日讯（全媒体记者 刘攀）"永远不要停止学习，特别是AI；不要轻易设限，要 勇于尝试；不要单打独斗，要团队协作。"近日，AIGC软件A股上市公司万兴科技（300624.SZ）"兴起 点2025届校招生夏季集训营"在长沙开营，该企业董事长吴太兵用"三个不要"寄语百余名毕业生。 据悉，万兴科技去年启动2025届校园招聘后，其薪酬和福利引发广泛关注——相关岗位年薪30万元起， 博士岗位年薪50万元起；入职长沙万兴科技的校招生可以享受免费一年的住宿等。此次万兴科技2025届 校招生的入职，既是"30W+高薪校招计划"的阶段性成果落地，也标志着全球化AIGC战略下人才梯队建 设的新起点。 本次2025届校招生入职也是万兴科技"拿一线城市高薪，住长沙宜居房子，干全球软件事业"引才策略的 进一步落子——将一线城市薪酬与新一线城市生活成本结合，支撑企业"全球运营总部暨创意软件全球 研发中心"的定位，更进一步推动人才向长沙聚集。 "万兴科技为新人提供充足资源和广阔成长空间。近几年，有多位表现卓越的校招生连续晋升，成为公 司独当一面的团队负责人。"万兴科技校园招聘部相关负责人告诉记者，企业为毕业生规划了清晰 ...