证券代码：300628 证券名称：亿联网络 公告编号：2025-050 厦门亿联网络技术股份有限公司 关于实际控制人的一致行动人减持计划实施完毕的 公告 厦门亿网联信息技术服务有限公司保证向本公司提供的信息内 本公司及董事会全体成员保证公告内容与信息披露义务人提供 的信息一致。 厦门亿联网络技术股份有限公司（以下简称"公司"）于 2025 年 7 月 14 日在中国证监会创业板指定信息披露网站巨潮资讯网披露 了《关于实际控制人的一致行动人减持股份预披露公告》（公告编号： 2025-048）。公司实际控制人陈智松、吴仲毅、卢荣富、周继伟的一 致行动人厦门亿网联信息技术服务有限公司（以下简称"亿网联"） 持有本公司股份 62,598,257 股（占本公司普通股总股本比例 4.94%）， 计划在本公告之日起 15 个交易日后的 3 个月内，即从 2025 年 8 月 4 日到 2025 年 11 月 2 日，以大宗交易方式减持本公司股份不超过 1,800,000 股，即不超过公司总股本的 0.14%。若计划减持期间有派 息、送股、资本公积金转增股本、配股等除权除息事项，上述减持股 份数量将进行相应调整。 容真实、准 ...

Investment Rating - Industry Rating: Outperform the market (maintained rating) [7] Core Insights - Microsoft reported revenue of $76.442 billion for the latest quarter, a year-on-year increase of 18.1%, with net profit reaching $27.233 billion, up 23.58%, driven primarily by its intelligent cloud business [1][12] - Meta's Q2 revenue was $47.52 billion, a 22% year-on-year increase, exceeding market expectations, with ad revenue of $46.56 billion [2][15] - The overseas computing power industry remains robust, unaffected by DeepSeek and trade frictions, with a strong fundamental resonance in the related supply chain [3][28] Summary by Sections 1. Artificial Intelligence and Digital Economy - Key recommendations include optical modules and devices, with a focus on companies like Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, and Yuanjie Technology [5][31] - For switch server PCBs, recommended companies include Hudian Co., ZTE, and Unisplendour [5][31] - Low valuation and high dividend opportunities are identified in major telecom operators like China Mobile, China Telecom, and China Unicom [5][31] - AIDC and cooling solutions are highlighted, with key recommendations for companies like Yingweike and Runze Technology [5][31] - AIGC applications and edge computing are emphasized, recommending companies such as Guohua Communication and Meige Intelligent [5][31] 2. Marine Wind and Submarine Cables - Key recommendations for submarine cable companies include Hengtong Optic-Electric, Zhongtian Technology, and Oriental Cable [6][32] - The recovery of overseas markets and concentration on leading companies is noted, with recommendations for Huace Navigation and Weisheng Information [6][32] 3. Satellite Internet and Low-altitude Economy - The acceleration of national defense informatization and low-orbit satellite development is highlighted, with key recommendations for Huace Navigation and Haige Communication [6][33] - The successful launch of low-orbit satellites for broadband communication services is noted, marking significant progress in China's satellite internet initiatives [26][27] 4. Recent Industry Trends - The report indicates that the computing power industry is expected to maintain high growth, with AI as a key investment theme for 2025 [3][28] - The government has included "deep-sea technology" in its work report, indicating a positive trend for the marine wind and cable industry [3][28] - The report emphasizes the importance of AI and digital economy as long-term trends, with a focus on ICT equipment, optical modules, and cloud computing infrastructure [30][29]

Summary of Key Points Core Viewpoint - On August 4, 2023, Yilian Network experienced significant trading activity on the block trading platform, with a total transaction volume of 1.8 million shares and a transaction amount of 56.214 million yuan, indicating a discount of 7.25% compared to the closing price of the day [2]. Trading Activity - The closing price of Yilian Network on August 4 was 33.67 yuan, reflecting a slight increase of 0.27% [2]. - The daily turnover rate was recorded at 0.67%, with a total transaction amount of 164 million yuan for the day [2]. - There was a net outflow of 5.1817 million yuan in main funds throughout the day, while the stock has seen a cumulative decline of 1.49% over the past five days, with a total net inflow of 12.4819 million yuan during the same period [2]. Margin Trading Data - The latest margin financing balance for Yilian Network stood at 745 million yuan, which increased by 76.1757 million yuan over the past five days, marking an increase of 11.38% [2].

Core Insights - The 10th Xiamen Patent Award has recognized four outstanding companies in Huli District, showcasing the region's strong technological innovation capabilities [1] - Keda Data Co., Ltd. won the special award for its core patent related to battery devices and power supply systems, while Xiamen Golden Dragon Bus Co., Ltd. received the gold award for the design of its autonomous bus [1][2] - The Huli District Market Supervision Administration has played a crucial role in supporting these innovations through effective services and policies [1][3] Company Highlights - Keda Data's core technology has achieved breakthroughs in lithium battery integration design, safety protection, and flexible architecture, reaching an international advanced level [2] - The patented technology has addressed common industry challenges such as safety risks and power supply reliability, generating an economic benefit of up to 1.8 billion yuan over the past three years [2] - Xiamen Golden Dragon's "Star" autonomous bus is the first L4 level autonomous bus in China with complete independent intellectual property rights, featuring innovative design and technology [2] Industry Support and Development - The Huli District Market Supervision Administration has implemented targeted guidance and support for high-value patents, including expert teams for one-on-one assistance [3] - The administration has established diagnostic groups to address intellectual property challenges faced by companies during research and transformation [3] - Continuous efforts to enhance service efficiency include regular policy briefings and strategic decision-making support for companies [3][4]

Investment Rating - Industry Rating: Outperform the market (maintained rating) [8] Core Viewpoints - The overseas computing power industry chain remains highly prosperous and has not been impacted by DeepSeek and trade frictions, with stronger fundamental resonance in the related industry chain. The AI industry is viewed as the main investment theme for the year, with expectations for continued high prosperity in the AI sector and the AIDC industry chain. The year 2025 is anticipated to be a pivotal year for domestic AI infrastructure competition and application development [4][22]. - The report emphasizes the importance of "AI + overseas expansion + satellite" core investment opportunities, highlighting areas such as optical modules, liquid cooling, and domestic computing power lines. The report also notes the recovery of the offshore wind industry and the promising developments in the satellite internet sector [5][23]. Summary by Sections 1. Artificial Intelligence and Digital Economy - Key recommendations include: - Optical modules & optical devices: Focus on companies like Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, and Yuanjie Technology [6]. - Switch server PCB: Key recommendations include Huadian Co., ZTE, and Unisplendour [6]. - Low valuation, high dividend, and cloud computing IDC resource reassessment: China Mobile, China Telecom, and China Unicom [6]. - AIDC & cooling: Key recommendations include Yingweike, Runze Technology, and Guanghuan New Network [6]. - AIGC applications / edge computing: Key recommendations include Yiyuan Communication, Guanghetong, and Meige Intelligent [6]. 2. Offshore Wind and Submarine Cables & Intelligent Driving - Offshore wind and submarine cables: Key recommendations include Hengtong Optic-Electric, Zhongtian Technology, and Oriental Cable [7]. - Recovery of overseas expansion & concentration on leading companies: Key recommendations include Huace Navigation, Weisheng Information, and Tuobang Co. [7]. - Intelligent driving: Suggested focus on modules & terminals, sensors, connectors, and structural components [7]. 3. Satellite Internet & Low Altitude Economy - Accelerated development of low-orbit satellites and low-altitude economy: Key recommendations include Huace Navigation and Haige Communication [8]. - Suggested focus on companies like Chengchang Technology, Zhenlei Technology, and Shenglu Communication [8]. 4. Market Performance Review - The communication sector rose by 7.02% during the week of July 14-18, outperforming the CSI 300 index by 5.93 percentage points. The communication equipment manufacturing sector increased by 9.80% [29][31].

Core Viewpoint - The company, Yealink Network, anticipates a decline in net profit for the first half of 2025 due to uncertainties in the international trade environment, despite stable gross margins and ongoing sales efforts [1][2]. Financial Performance - Yealink Network projects revenue for the first half of 2025 to be between 2.64 billion and 2.667 billion yuan, representing a year-on-year decrease of 0% to 1% [1]. - The expected net profit is between 1.224 billion and 1.251 billion yuan, reflecting a year-on-year decline of 8% to 10% [1]. - The company's non-recurring net profit is estimated to be between 1.14 billion and 1.165 billion yuan, down 7% to 9% year-on-year [1]. Business Operations - The company has made orderly progress in expanding its sales operations, but the uncertainties in the international trade environment have disrupted short-term business developments [1]. - The transition period for the relocation of overseas production capacity has caused a temporary impact on order shipments [1]. - Despite macroeconomic challenges, the company's gross margin remains stable, although the expense ratio has increased due to lower-than-expected revenue growth and the impact of tariff policies [1]. Market Environment - Yealink Network has previously disclosed risks related to international trade policies and tariffs, highlighting the potential challenges posed by the current unstable global political environment and complex geopolitical situations [2]. - The implementation of "reciprocal tariffs" by the U.S. government since 2025 has raised concerns about increased tariff costs, which could compress profit margins and affect the stability of overseas order deliveries [2]. - The company is closely monitoring policy developments and has deployed strategic measures to adapt to potential changes in trade policies [2]. Shareholder Actions - Recently, the company announced that its actual controller's concerted action party, Xiamen Yiwanlian Information Technology Service Co., Ltd., plans to reduce its shareholding by up to 1.8 million shares, representing no more than 0.14% of the total share capital [3]. - The reason for the reduction is attributed to personal funding needs of certain shareholders, with the selling price determined based on market conditions at the time of the sale [3].

Core Viewpoint - Company expects a slight decline in revenue and net profit for the first half of 2025, continuing a trend of negative growth observed in the first quarter [1][2] Financial Performance - Estimated revenue for January to June 2025 is between 26.40 billion to 26.67 billion yuan, a decrease of 0% to 1% year-on-year [1] - Estimated net profit attributable to shareholders is between 12.24 billion to 12.51 billion yuan, a decline of 8% to 10% year-on-year [1] - Net profit after excluding non-recurring gains and losses is projected to be between 11.399 billion to 11.649 billion yuan, down 7% to 9% year-on-year [1] Business Environment - The company cites uncertainties in the international trade environment as a factor affecting short-term business progress [1] - The transition period for overseas production capacity has caused temporary impacts on order shipments [1] - Despite macroeconomic challenges, the company's gross margin remains stable, although the expense ratio has increased due to lower-than-expected revenue growth and tariff policies [1] Shareholder Activity - Major shareholders plan to reduce their holdings by up to 1.8 million shares, representing 0.14% of the total share capital, due to personal funding needs [2] - Previous significant share reductions by shareholders have led to stock price declines [3] Business Focus - Company maintains a stable competitive position in core business areas with good downstream market demand [2] - The company emphasizes core technology innovation and global layout strategies to ensure product competitiveness and operational efficiency [2] - Main products include business headsets, portable conference phones, and personal mobile office cameras [2]

[Performance Forecast Overview](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company forecasts a simultaneous decline in revenue and net profit for the first half of 2025, with revenue expected to decrease by 0-1% and net profit attributable to shareholders by 8-10% Performance Forecast for H1 2025 | Item | Current Period (2025 H1) | Prior Period (2024 H1) | Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 2,640.33 – 2,667.00 million CNY | 2,667.00 million CNY | -1% to 0% | | Net Profit Attributable to Shareholders | 1,224.24 – 1,251.44 million CNY | 1,360.27 million CNY | -10% to -8% | | Net Profit Excluding Non-Recurring Gains/Losses | 1,139.89 – 1,164.94 million CNY | 1,252.62 million CNY | -9% to -7% | [Analysis of Performance Changes](index=2&type=section&id=III.%20Explanation%20of%20Performance%20Changes) The decline in performance is primarily attributed to uncertainties in the external trade environment and the company's internal overseas capacity transfer, which temporarily impacted short-term orders and shipments, leading to increased expense ratios despite stable gross margins and core business competitiveness - Key negative factors impacting the company's performance include **external uncertainties** in the international trade environment and **internal adjustments** related to the transitional period of overseas capacity transfer, affecting short-term orders and shipments[5](index=5&type=chunk) - Despite challenges, the company's **gross margin remained stable**, but the **expense ratio increased** due to slower revenue growth and tariff policies, negatively impacting net profit[5](index=5&type=chunk) - The company emphasizes that its **core business maintains stable market competitiveness** with **robust downstream market demand**[5](index=5&type=chunk) [Other Important Information](index=2&type=section&id=IV.%20Other%20Relevant%20Information) The company disclosed that the performance forecast data is a preliminary estimate by the finance department, unaudited, with non-recurring gains/losses of approximately 85 million CNY primarily from wealth management income - This performance forecast data is a preliminary estimate by the company's finance department and has not been audited by an accounting firm; final data will be subject to the semi-annual report[4](index=4&type=chunk)[6](index=6&type=chunk) - Non-recurring gains and losses are estimated to impact net profit by approximately **85 million CNY** during the reporting period, primarily from wealth management income[7](index=7&type=chunk)

Group 1 - The core viewpoint of the news is that companies are actively engaging in share buyback and employee stock ownership plans to enhance investor confidence and align management interests with shareholders [1][2]. - Shenzhen Overseas Chinese Town Holdings Company plans to increase its stake in Huaqiang City A by investing between 111 million and 220 million RMB within six months, currently holding 48.78% of the total shares [1]. - Chengyi Pharmaceutical announced an employee stock ownership plan for 2025, targeting to raise up to 48.2864 million RMB, with a share price set at 5.02 RMB per share, covering up to 228 employees [1][2]. Group 2 - The employee stock ownership plan has performance targets for revenue and net profit from 2025 to 2027, with growth rates set at 30%, 55%, and 85% for revenue, and 35%, 65%, and 100% for net profit [2]. - Several companies have announced plans for share reductions by executives and major shareholders, including Jinzheng Co., which plans to reduce up to 28.8 million shares, equivalent to approximately 568 million RMB [3][4][5]. - The reduction plans are set to commence from July 15, indicating a trend of liquidity events in the market as companies adjust their shareholder structures [7][8].

Group 1 - The core point of the article is that Yilian Network (300628.SZ) announced that its actual controller's concerted action party, Yiwanlian, plans to reduce its shareholding by up to 1.8 million shares, which is 0.14% of the company's total share capital, within the next three months [1] - The reason for the reduction is due to personal funding needs of some shareholders [1] - The reduction will be conducted through block trading, and the selling price will not be lower than the most recent audited net asset value per share of the company [1]