因经营发展需要，广东奥飞数据科技股份有限公司（以下简称"公司"）的 经营地址将由"广州市天河区华景路 1 号南方通信大厦 9 层东西侧"变更为"广 州市南沙区庆沙路 100 号 21 层、22 层"，邮编将由"510630"变更为"511453"。 为进一步做好投资者关系管理工作，公司将启用新的投资者联系电话和传真， 具体为： | 证券代码：300738 | 证券简称：奥飞数据 | 公告编号：2025-095 | | --- | --- | --- | | 债券代码：123131 | 债券简称：奥飞转债 | | 广东奥飞数据科技股份有限公司 关于变更经营地址及联系方式的公告 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。 特此公告。 广东奥飞数据科技股份有限公司 董事会 2025 年 10 月 28 日 | 变更内容 | 变更前 | 变更后 | | --- | --- | --- | | 联系电话 | 020-28630359 | 020-85699517 | | 传真 | 020-28682828 | 020-85699517 | 除上述变更外，公司网址、公 ...

除上述条款外，原《公司章程》其他内容不变。 上述事项尚需提交公司股东会审议批准，并提请股东会授权董事会及其授权 代表具体办理《公司章程》备案等相关工商变更登记手续，并授权董事会及其授 权代表按照工商登记机关或其他政府有关部门提出的审批意见或要求对相关文 件进行必要的修改。 二、备查文件 （一）经与会董事签字确认的《广东奥飞数据科技股份有限公司第四届董事会 第二十六次会议决议》。 （二）《广东奥飞数据科技股份有限公司章程》（2025 年 10 月）。 特此公告。 | 证券代码：300738 | 证券简称：奥飞数据 | 公告编号：2025-094 | | --- | --- | --- | | 债券代码：123131 | 债券简称：奥飞转债 | | 广东奥飞数据科技股份有限公司 关于修改公司章程的公告 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。 2025 年 10 月 27 日，广东奥飞数据科技股份有限公司（以下简称"公司"） 召开第四届董事会第二十六次会议并审议通过《关于修改公司章程的议案》。现 将相关内容公告如下： 董事会 2025 年 10 月 28 日 ...

广东奥飞数据科技股份有限公司 2025 年第三季度报告 证券代码：300738 证券简称：奥飞数据 公告编号：2025-093 广东奥飞数据科技股份有限公司 2025 年第三季度报告 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。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 广东奥飞数据科技股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 675,530,791.34 | 29.86% ...

| 证券代码：300738 | 证券简称：奥飞数据 | 公告编号：2025-092 | | --- | --- | --- | | 债券代码：123131 | 债券简称：奥飞转债 | | 广东奥飞数据科技股份有限公司 第四届董事会第二十六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 二、董事会会议审议情况 经与会董事认真审议，会议以记名投票表决方式通过了以下议案并形成如下 决议： （一）审议通过《关于 2025 年第三季度报告的议案》 公司董事会认为，《2025 年第三季度报告》的编制符合法律、法规和《公 司章程》的有关规定，其内容与格式符合中国证监会和深圳证券交易所的各项规 定，其所披露的信息真实、准确、完整地反映了公司 2025 年第三季度的财务状 况、经营成果和现金流量，不存在虚假记载、误导性陈述或重大遗漏。 表决情况：同意 9 票，反对 0 票，弃权 0 票。 公司第四届董事会审计委员会第十三次会议已审议通过上述事项。 具体内容详见刊登在中国证券监督管理委员会指定的创业板信息披露网站 巨潮资讯网（www.cninfo.com.cn） ...

Market Overview - On October 24, the communication services sector declined by 0.25%, with *ST Yitong leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Stock Performance - Notable gainers in the communication services sector included: - ST Xintong: Closed at 6.48, up 5.02% with a trading volume of 74,000 shares and a turnover of 47.49 million yuan [1] - Putian Technology: Closed at 24.58, up 3.45% with a trading volume of 168,900 shares and a turnover of 416 million yuan [1] - Pingzhi Information: Closed at 32.73, up 2.86% with a trading volume of 40,000 shares and a turnover of 130 million yuan [1] - Conversely, *ST Yitong experienced a decline, closing at 96.6, down 3.39% with a trading volume of 92,400 shares and a turnover of 92.96 million yuan [2] Capital Flow - The communication services sector saw a net outflow of 408 million yuan from institutional investors, while retail investors contributed a net inflow of 313 million yuan [2] - Specific stock capital flows included: - Aofei Data: Net outflow of 49.59 million yuan from institutional investors, with a net inflow of 10.08 million yuan from retail investors [3] - Putian Technology: Net inflow of 39.74 million yuan from institutional investors, with a net outflow of 2.43 million yuan from retail investors [3] - Data Port: Net inflow of 39.55 million yuan from institutional investors, with a net outflow of 56.21 million yuan from retail investors [3]

Core Insights - Computing power has emerged as one of the hottest topics in the market this year, with multiple stocks doubling in value. Notably, Shenghong Technology has seen a remarkable increase of 564.6% year-to-date, leading the sector [1] Stock Performance - As of October 22, 2023, 21 stocks have doubled in value this year, with Shenghong Technology, Xinyi Technology, Shijia Photon, Zhongji Xuchuang, and Yuanjie Technology ranking as the top five in cumulative growth [1] - There are 38 stocks predicted by more than five institutions to have a net profit growth rate exceeding 20% in the next two years [1] Upside Potential - Based on the closing prices on October 22 and the target prices predicted by institutions, 14 stocks have an upside potential exceeding 10%. The stock with the highest upside potential is Shenling Environment at 62.16% [1] - Other stocks with significant upside potential include Aofei Data, Taicheng Light, Runze Technology, Wol Nuclear Materials, and Lianhua Holdings [1]

Investment Rating - The report maintains a positive outlook on the communication industry, emphasizing three main lines of investment: AI computing network differentiation, strengthening of the satellite industry, and optimization of the economic cycle [5][6]. Core Insights - The AI industry is evolving towards inference-driven models, with a diversified computing power solution landscape. The domestic supply chain for chips and modules is beginning to integrate, and the data center supply-demand inflection point has emerged [5][6]. - The satellite communication sector is experiencing significant catalysts, with a complete industry chain forming. Direct satellite connections are expected to drive growth in antennas, RF chips, and inter-satellite communication [5][6]. - The report identifies several high-quality cyclical stocks with confirmed growth and low valuations, particularly in sectors like Beidou navigation and controllers, suggesting a potential return of the investment "pendulum" [5][6]. Summary by Sections AI Computing Network - The AI computing network is highlighted as a key investment line, with operators actively building computing power and expected stable growth. High dividend yields continue to attract investors [5][6]. - The network equipment sector benefits from AI demand, with capital expenditures from operators and CSPs providing structural boosts [5][6]. - The optical device and chip industry is seeing continuous performance releases, driven by both domestic and international demand [5][6]. Satellite Communication - The satellite internet industry is undergoing intense catalysis, with multiple segments expected to maintain high value and high barrier attributes. The focus is on regular launch progress and commercialization [5][6]. Economic Cycle Optimization - The report emphasizes the recovery of demand in various sectors, including high-precision positioning and connectors, with significant growth expected in industrial automation and IoT driven by AI and robotics [5][6]. - The IDC sector is experiencing a structural supply-demand reversal, with core demand remaining in short supply, indicating a sustained high economic cycle [5][6]. Company Performance Predictions - The report forecasts significant profit growth for key companies in the communication sector for Q3 2025, with expected net profit growth rates exceeding 50% for several firms, including NewEase (220%), and 5.5G Canqin Technology (120%) [5][6]. - Companies like China Mobile and China Telecom are expected to maintain stable capital expenditures and improve return on equity through optimized revenue-cost dynamics [7][8]. Key Companies and Their Prospects - **China Mobile**: Focused on AI computing networks, with stable capital expenditure and improved ROE [7]. - **Zhongji Xuchuang**: Leading in optical modules, benefiting from AI computing demand [7]. - **NewEase**: Strong brand presence in optical communication, expected to benefit from AI computing network demand [7]. - **Tianfu Communication**: Anticipated to maintain high growth due to increasing demand for optical devices [7]. - **Zhongxing Communication**: Positioned well for growth through digital transformation and internal profit margin improvements [8]. This comprehensive analysis highlights the positive outlook for the communication industry, driven by advancements in AI, satellite technology, and cyclical recovery across various sectors.

Investment Rating - The report maintains a positive outlook on the communication industry, indicating an "Overweight" rating for the sector [2][22]. Core Insights - The report emphasizes three main lines for the communication industry in 2025: differentiation in computing networks, strengthening of the satellite industry, and optimization of the economic cycle [4][5]. - The AI industry is evolving towards inference-driven models, with a diversified approach to computing solutions. The supply-demand turning point for data centers has been observed, and technologies like liquid cooling are accelerating penetration [4][5]. - The satellite communication sector is experiencing intensive industry catalysis, forming a closed loop across the entire industry chain, with direct satellite connections expected to drive growth in antennas, RF chips, and inter-satellite communication [4][5]. - The report identifies several high-quality cyclical stocks with confirmed growth and low valuations, particularly in sectors like Beidou navigation and controllers, suggesting a return of the investment "pendulum" [4][5]. Summary by Sections Computing Network - The AI industry trend is shifting towards inference dominance, with the upstream supply chain for domestic chips and modules beginning to integrate [4]. - Data center supply-demand dynamics are changing, with liquid cooling technologies gaining traction [4][5]. Satellite Communication - The second half of 2024 marks a significant catalyst for the satellite communication industry, with a complete industry chain now established [4][5]. Economic Cycle Optimization - The report highlights the importance of downstream economic conditions, particularly in sectors like Beidou navigation and controllers, indicating a strong potential for cyclical stocks [4][5]. Performance Forecast for Key Companies - The report forecasts significant profit growth for key companies in the communication sector for Q3 2025, with expected net profit growth rates exceeding 50% for several firms, including NewEase (220%), and 5.5G Canqin Technology (120%) [4][14]. - Companies like China Mobile and China Telecom are expected to maintain stable capital expenditures, with a focus on AI computing networks [6][14]. Related Companies - Key companies identified include Zhongji Xuchuang, NewEase, and Huagong Technology in the AI computing network segment, and operators like China Mobile and China Telecom [4][6][14].

Investment Rating - The report suggests to continue focusing on investment opportunities within the communication industry [2] Core Insights - The communication industry showed steady revenue growth and accelerated profitability in H1 2025, with total revenue reaching 1785.003 billion yuan, a year-on-year increase of 10.07%, and net profit attributable to shareholders at 160.432 billion yuan, up 11.26% year-on-year [4][7] - The AI computing industry chain is expected to continue accelerating its development in 2025, benefiting the communication industry [17][19] Summary by Sections H1 2025 Performance Overview - The communication industry achieved a total revenue of 1785.003 billion yuan in H1 2025, with a year-on-year growth of 10.07%, and a net profit of 160.432 billion yuan, reflecting an 11.26% increase [4][7] Segment Performance Changes - In H1 2025, the optical module and device segment reported revenue of 47.988 billion yuan, a year-on-year increase of 64.88%, and net profit of 10.876 billion yuan, up 111.99% [25] - The communication PCB segment achieved revenue of 57.249 billion yuan, a year-on-year increase of 37.66%, and net profit of 8.058 billion yuan, up 80.79% [31] - The network equipment segment generated revenue of 507.111 billion yuan, a year-on-year increase of 28.86%, with net profit of 19.184 billion yuan, up 19.57% [37] AI Industry Chain Investment - Major overseas cloud companies are expected to maintain optimistic growth in capital expenditures, with a total of 95 billion USD in Q2 2025, reflecting an 82.96% year-on-year increase [17] - Companies like Oracle and Nvidia are showing strong growth prospects in their AI-related businesses, with Oracle's unfulfilled revenue reaching 455 billion USD, a year-on-year increase of 359% [22][19]

| 证券代码：300738 | 证券简称：奥飞数据 | 公告编号：2025-091 | | --- | --- | --- | | 债券代码：123131 | 债券简称：奥飞转债 | | 广东奥飞数据科技股份有限公司 2025 年第三季度可转换公司债券转股情况公告 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： 广东奥飞数据科技股份有限公司（以下简称"公司"或"奥飞数据"）现将2025 年第三季度可转换公司债券转股及公司股本变动情况公告如下： 一、可转换公司债券发行上市情况 （一）可转换公司债券发行情况 经中国证券监督管理委员会"证监许可〔2021〕2720号"核准，同意公司向不 特定对象发行可转换公司债券（以下简称"可转债"）的注册申请。 公司于2021年12月3日向不特定对象发行了6,350,000 张可转债，每张面值 100元，发行总额为63,500.00万元。 （二）可转换公司债券上市情况 经深圳证券交易所同意，公司本次可转债于2021年12月22日起在深圳证券交 易所挂牌交易。债券简称"奥飞转债"，债券代码"123131"。 本次发行的 ...