Core Viewpoint - The Huawei Developer Conference (HDC 2025) will take place from June 20-22 in Dongguan, attracting over 10,000 developers globally to discuss cutting-edge technologies in the era of intelligence [1]. Group 1: Event Overview - HDC is regarded as a significant event in the global tech community, serving as a platform for technology showcase and a crucial step for Huawei in building its independent ecosystem [1]. - The conference will feature a diverse range of activities, including keynote speeches, high-level forums, specialized forums, open talks, interactive experiences, and hundreds of developer-focused events [5]. Group 2: AI and Industry Participation - The high-level forum on June 22 will include industry leaders such as Huawei, Wanjun Technology, GAC Group, and Shenzhen Stock Exchange, sharing AI practices and exploring how AI capabilities can drive productivity [5]. - Wanjun Technology, a strategic partner of Huawei Cloud, will present its latest AI developments at the conference, highlighting its AI layout as a key focus [5]. - In April 2025, Wanjun Technology signed a strategic cooperation agreement with Huawei Cloud, marking the first domestic collaboration on audio and video vertical models and general models [5]. Group 3: Wanjun Technology's AI Model - Wanjun Technology has proactively targeted the audio and video "smart creation" sector, launching the first domestic multimedia model, "Tianmu," in 2024 [6]. - The "Tianmu" model is based on 1.5 billion user behaviors and billions of localized high-quality audio and video data, offering nearly 100 atomic capabilities such as AI digital humans, AI translation, and video stylization [6]. - The model supports multiple languages and has been commercially deployed in various industries, including short dramas, film, e-commerce, and finance [6].

Industry Rating - The industry rating is maintained at "Outperform" [1] Core Insights - The report suggests that the years 2025-2026 are expected to mark the commercialization of AI Agents, driven by advancements in large model capabilities and the introduction of key players like OpenAI, Anthropic, Microsoft, and Google [2][3] - The total addressable market (TAM) for AI Agents is estimated at approximately 3.61 trillion yuan, with significant opportunities in vertical industries such as IT and finance [2][3] - AI Agents are projected to replace specific standardized roles in various sectors, with a focus on enhancing productivity and ROI for businesses [3][48] Summary by Sections Investment Rating - The report maintains a rating of "Outperform" for the industry [1] Market Potential - The total addressable market (TAM) for AI Agents is estimated at 3.61 trillion yuan, calculated based on total salary levels, replacement rates, and efficiency optimization [50][54] - The report highlights six core scenarios where AI Agents are expected to penetrate first, including coding, banking, human resources, legal, cybersecurity, and customer service [61][62] Key Industry Insights - AI Agents are anticipated to significantly impact the banking sector, with 54% of jobs having a high potential for automation, leading to an estimated TAM of 1774.32 billion yuan in this field [71][77] - In the coding sector, AI is expected to automate up to 99% of coding tasks by the end of 2025, with a TAM of approximately 4357.84 billion yuan [63][68] - The report emphasizes that AI Agents will first replace roles in high-salary, white-collar industries such as finance, IT, and law, where the ROI for AI implementation is more favorable [55][57] Company Recommendations - The report suggests monitoring companies involved in general office applications and enterprise SaaS, as well as those in vertical markets like banking, human resources, and cybersecurity [3][4]

Group 1 - The core viewpoint of the article highlights the impressive debut of the professional video editing software, Wondershare Filmora, on the Hongmeng platform, showcasing over 20 features and emphasizing its "Touch to Edit" capability for an efficient editing experience [1] - The founder of Wondershare, Wu Taibing, expressed the company's ambition to empower creators globally with simplified and intelligent creative software, positioning Chinese creative software as a new source of inspiration for global creators [9] - Wondershare has developed a robust product matrix with advanced technology and innovative marketing strategies, which has contributed to its steady progress in the digital creative software sector [12] Group 2 - The company has successfully established a strong presence in the Japanese market, ranking among the top three video editing software providers, with over 5,600 partners and more than 30 agents across Japan [11] - After over 20 years of development, Wondershare has launched dozens of digital creative software products, holding 457 software copyrights and 152 patents, supported by a research and development team of over 800 people [12] - The company attributes its growth to the favorable innovation environment in Shenzhen, which provides timely policies and support for private and tech enterprises, enhancing its ability to innovate and reduce operational costs [13]

Core Viewpoint - The 2024 Technology List focuses on the current status and development trends of high-tech and high-growth companies in China, aiming to identify and discover outstanding enterprises that are recognized by both the capital market and customers [2] Group 1: Company Overview - Wondershare Technology, founded by Wu Taibing in 2003, has grown into a leading A-share listed company in China's digital creative software sector, providing a wide range of creative software globally [2][4] - The company operates in over 200 countries and regions, with a cumulative global user base exceeding 1.5 billion [4] Group 2: Financial Performance - In 2024, Wondershare Technology reported a total revenue of 1.44 billion yuan, with its core video creative software generating 961 million yuan, marking seven consecutive years of positive growth [4] - The total number of paying users increased by over 20% year-on-year, while revenue from AI-native applications reached approximately 67 million yuan, reflecting a year-on-year growth of over 100% [4] Group 3: Product and Innovation - The company has launched several creative software products, including video editing software and AI-driven applications, and is recognized as the "Chinese version of Adobe" [4] - Wondershare Technology is advancing its AI model and AIGC application development, having introduced the first multimedia AI model in China, "Tianmu," and is collaborating with various model manufacturers to enhance its product matrix [5] Group 4: Strategic Initiatives - The company is constructing the first national digital creative science park in Changsha, with an investment of nearly 1 billion yuan and a planned area of nearly 100,000 square meters, capable of accommodating nearly 10,000 employees [5]

Group 1 - Wanjing Technology has launched a campus recruitment plan for 2026 graduates, offering a starting annual salary of up to 1 million yuan [1][4] - The internship program for 2026 graduates has been upgraded, with daily wages reaching 1,000 yuan and opportunities for full-time positions for outstanding interns [1][4] - The company operates in over 200 countries and regions, with a global user base exceeding 1.5 billion, positioning itself as a major player in the digital creative software sector [4] Group 2 - SANY Group has initiated its early recruitment for 2026 graduates, targeting various engineering and management roles across multiple locations in China [5][7] - SANY Group is recognized as a leading high-end equipment manufacturing enterprise, with core businesses in engineering machinery and renewable energy [7][8] - The company has established a significant global presence, with manufacturing bases in countries such as India, the USA, Germany, Brazil, and Indonesia [8] Group 3 - China Mobile's subsidiary, Zhongyi Internet, has launched its summer internship program for 2025, targeting 2026 graduates in various AI and software development roles [9] - Zhongyi Internet focuses on information and internet services, actively participating in national projects and collaborating with academic institutions [9]

Core Viewpoint - The company is set to implement an employee stock ownership plan (ESOP) for 2025, which is deemed beneficial for its long-term development and does not harm the interests of the company or its shareholders [1][2]. Summary by Sections Implementation Eligibility - The company meets the qualifications to implement the ESOP as there are no prohibitive conditions outlined in relevant laws and regulations [1]. - The plan has been developed in accordance with the guidelines for implementing employee stock ownership plans and relevant self-regulatory directives [1]. Employee Participation - All personnel participating in the ESOP meet the necessary legal and regulatory conditions, ensuring their eligibility under the defined scope of the plan [1]. Benefits of the ESOP - The implementation of the ESOP is expected to enhance the incentive and constraint mechanisms within the company, motivating key personnel and promoting sustainable and healthy development [2]. - There are no indications of harm to the company or shareholders, nor any coercive measures for employee participation in the ESOP [2].

Group 1 - The company held its fifth board meeting on June 9, 2025, to discuss the employee stock ownership plan for 2025 [1][2] - The board unanimously approved the proposal to establish the 2025 employee stock ownership plan to enhance the interest-sharing mechanism among the company, shareholders, and employees [1][2] - The proposal was submitted to the shareholders' meeting for further approval due to insufficient non-related directors present for voting [2][5] Group 2 - The company plans to authorize the board to manage the employee stock ownership plan, including its establishment, modification, and termination [3][4] - The board will also be responsible for signing relevant contracts and agreements related to the employee stock ownership plan [3][4] - A temporary shareholders' meeting is scheduled for June 26, 2025, to review the related proposals [5]

Meeting Details - The company will hold its first extraordinary general meeting of shareholders in 2025 on June 26, 2025, at 15:00 [1] - Shareholders can participate in the meeting either in person or through authorized representatives [2][3] - The meeting will include a network voting option available from 9:15 to 9:25, 9:30 to 11:30, and 13:00 to 15:00 on the same day [1][2] Voting Proposals - The meeting will review two main proposals: 1. The draft of the 2025 Employee Stock Ownership Plan and its summary 2. Authorization for the board of directors to handle matters related to the 2025 Employee Stock Ownership Plan [2][3] - Voting will be conducted separately for minority investors, defined as those who are not directors, senior management, or shareholders holding more than 5% of the company's shares [2] Registration Process - Individual shareholders must present their ID, stock account card, and proof of shareholding for registration [3][4] - Corporate shareholders must provide a copy of the business license, ID of the legal representative, and corporate stock account card [4] - Remote registration is allowed via mail or fax, but must be received by the company before the deadline [4][10] Network Voting Procedure - The company will provide a platform for network voting through the Shenzhen Stock Exchange trading system and an internet voting system [1][7] - Specific procedures for network voting will be outlined in the provided attachments [5][7]

广东崇立律师事务所 关于 万兴科技集团股份有限公司 法律意见书 二〇二五年六月 法律意见书 对本法律意见书，本所律师作出如下声明： 深圳市龙岗区坂田街道雅宝路 1 号星河 World F 栋 18 层 F1806 号 邮政编码：518100 Suite F1806, 18F, Xinghe World Tower F, No.1Yabao Road, Bantian Street, Longgang District, Shenzhen 电话/Tel：0755-8958 5892 传真/Fax：0755-8958 6631 www.chonglilaw.com 广东崇立律师事务所 关于 万兴科技集团股份有限公司 法律意见书 （2025）崇立法意第 028 号 致：万兴科技集团股份有限公司 广东崇立律师事务所（以下简称"本所"）接受万兴科技集团股份有限公 司（以下简称"公司"）的委托，就公司 2025 年员工持股计划（以下简称"本 员工持股计划"）相关事宜担任专项法律顾问，并就本员工持股计划出具本法 律意见书。 本所律师根据《中华人民共和国公司法》《中华人民共和国证券法》（以 下简称《证券法》）、《关于上市公司 ...

万兴科技集团股份有限公司 2025 年员工持股计划管理办法 万兴科技集团股份有限公司 第一章 总则 第一条 为规范万兴科技集团股份有限公司（以下简称"公司"）2025 年员工持 股计划（以下简称"本员工持股计划"）的实施，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》） 《关于上市公司实 施员工持股计划试点的指导意见》 （以下简称《指导意见》） 《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》 （以下简称《规范运作指引》） 《万 兴科技集团股份有限公司章程》（以下简称《公司章程》）《2025 年员工持股计划（草 案）》等有关规定，制定《2025 年员工持股计划管理办法》（以下简称"本办法"）。 第二章 员工持股计划参加对象的确定依据 第二条 参加对象的确定依据 （一）公司根据《公司法》《证券法》《指导意见》《规范运作指引》《公司章程》 等有关规定，结合实际情况确定本员工持股计划的参加对象。参加对象按照依法合规、 自愿参与、风险自担的原则参加本员工持股计划。 （二）本员工持股计划的参加对象包括公司董事（不含独立董事）、高级管理人 ...