证券代码：300762 证券简称：上海瀚讯 公告编号：2026-013 上海瀚讯信息技术股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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。 上海瀚讯信息技术股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日召开第三届董事会第十六次会议、第三届监事会第十三次会议，并于 2025 年 5 月 20 日召开 2024 年年度股东大会，会议审议通过了《关于使用部分闲置募集 资金进行现金管理的议案》，同意在不影响公司正常生产经营和募集资金投资项 目建设及确保资金安全的前提下，使用不超过人民币 5 亿元（含本数）的闲置募 集资金进行现金管理，用于购买安全性高、流动性好的保本型理财产品或结构性 存款、大额存单等，使用期限自 2024 年年度股东大会审议通过之日起至 2025 年年度股东大会召开之日止内有效，在上述额度和期限范围内，资金可以循环滚 动使用。同时授权公司董事长及其授权代理人在股东大会批准的额度范围内签署 相关合同及办理相关事宜，由公司财务部负责组织实施和管理。 公司保荐机构对上述募集资金现 ...

Group 1 - The mechanical equipment sector is expected to outperform the market, driven by a combination of cyclical recovery and growth potential, with engineering machinery and rail transit equipment showing significant profit recovery and low valuations [3][10] - The commercial aerospace sector is anticipated to reach a critical turning point in 2026, with advancements in reusable rocket technology and an increase in launch frequency, leading to a projected 197% year-on-year growth in payload quality [3][4] - The humanoid robotics industry is transitioning towards large-scale production, with significant cost reductions and improved capabilities expected, particularly with the launch of the Optimus V3 model [3][4] Group 2 - The semiconductor equipment sector is poised for growth due to increased demand from storage expansion and advanced packaging upgrades, with key players expected to benefit from ongoing capital expenditure recovery [3][4] - The PCB equipment market is experiencing a shift towards high-end products, driven by the penetration of AI servers and HPC architectures, leading to increased demand for new capacity and upgrades of existing production lines [3][4] - The controllable nuclear fusion sector is advancing with the construction of experimental devices and the bidding for key equipment, with high-temperature superconducting materials expected to become a core beneficiary of technological evolution [3][4] Group 3 - The mechanical equipment sector has shown a significant recovery in profitability, with 17 out of 19 sub-industries reporting improved net profit margins, indicating a broad-based recovery [12][33] - The sector's valuation has rebounded to a historically high level, with the current PE ratio at 35.42, reflecting a strong market preference for growth-oriented manufacturing assets [13][26] - The demand side remains weak but is stabilizing, with high-tech manufacturing and equipment manufacturing showing better performance compared to traditional sectors, indicating a gradual recovery in the overall manufacturing landscape [34][38]

Core Insights - The report identifies a new cycle in China's defense equipment construction driven by "steady growth in traditional military industry" and "rapid development of civilian conversion of military technology" [4] - Traditional military industry is expected to continue its systematic and long-term progress, supported by key milestones such as the centenary of the People's Liberation Army in 2027 and the modernization goals by 2035 [4] - The civilian conversion of military technology is accelerating, creating new growth opportunities in various emerging industries, significantly enhancing the industry's elasticity [4] Group 1: Domestic and International Market Dynamics - The domestic market is expected to stabilize, while the international market presents new expansion opportunities for military trade [5][17] - The "14th Five-Year Plan" is initiating a new construction cycle, with a focus on enhancing military capabilities through mechanization and information technology [7][19] - The military trade landscape is evolving, with a shift towards a more integrated and systematic approach to military exports [52][56] Group 2: Military Technology Spillover - Military technology is increasingly spilling over into civilian applications, broadening the growth space and enhancing elasticity in the military industry [70][73] - Key areas of focus include commercial aerospace, advanced aircraft engines, controllable nuclear fusion, and deep-sea technology, which are expected to drive long-term growth [4][80] - The report emphasizes the importance of technological breakthroughs and cost reductions in facilitating the transition from military to civilian applications [76] Group 3: Investment Opportunities - The report highlights specific sectors for investment, including commercial aerospace, the dual-use aircraft industry, and controllable nuclear fusion [4][19] - The commercial aerospace sector is positioned for rapid growth, supported by national policies that prioritize aerospace as a key emerging industry [80][82] - The dual-use aircraft industry is expected to benefit from a resonance of military and commercial development, enhancing overall market potential [4][19]

证券代码：300762 证券简称：上海瀚讯 公告编号：2026-012 | 序 | 签约 | 产品名称 | 产品 | 资金 | 金额 | 起息日 | 到期日 | 预期年化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | 银行 | | 类型 | 来源 | (万元) | | | 收益率(%) | | 序 | 签约 | | 产品 | 资金 | 金额 | | | 预期年化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 产品名称 | | | | 起息日 | 到期日 | | | 号 | 银行 | | 类型 | 来源 | (万元) | | | 收益率(%) | | | | 共赢智信汇率挂钩 | 结构 | | | 2026年 | 2026年 | | | | 中信 | | | 募集 | | | | 1.00%或 | | 1 | | 人民币结构性存款 | 性存 | | 3,200 | 3 月 5 | 5 月 6 | | | | 银行 | | | 资金 | | | | 1 ...

Summary of Key Points from Conference Call Records Industry Overview - The aerospace industry has been explicitly identified as a "pillar industry" in the government work report dated March 5, marking a significant recognition of its importance in the national economic strategy [1] - The report emphasizes the acceleration of satellite internet development, further solidifying aerospace and satellite internet as key focus areas during the 14th Five-Year Plan period [1] Core Insights and Arguments - The government report highlights the need for high-level technological self-reliance and strength, indicating a strategic shift towards enhancing domestic capabilities in critical technology sectors [1] - A "green channel" mechanism for listing financing and mergers and acquisitions for key technology enterprises is proposed, which could facilitate faster capital access and growth for companies in the aerospace sector [1] Investment Opportunities - The commercial aerospace sector is experiencing accelerated growth, with a focus on reusable rockets and other catalysts driving industry momentum [2] - Key industry players and investment targets have been identified across various segments of the aerospace supply chain: - **Rocket Launch**: Guojijiang Engineering, Chaojie Co., Gaohua Technology - **Baseband Routers**: Zhenlei Technology, Xinke Mobile, Fenghuo Communication, Shanghai Hantong, Fudan Microelectronics (FPGA), Nanjing Panda - **Phased Array and RF**: Zhenlei Technology, Chengchang Technology, Tongyu Communication, Canqin Technology, Aerospace Huanyu, Guobo Electronics - **Satellite Platforms**: Guojijiang Engineering, Aerospace Zhizhuang, Qianzhao Optoelectronics, Tianyin Electromechanical, Zhimingda - **Information Encoding**: Jiayuan Technology - **Ground Stations**: Zhenyou Technology, Xinke Mobile - **Satellite Terminals**: Haige Communication, Xinwei Communication, Mengsheng Electronics - **Satellite Testing**: Xice Testing, Sikrui [2] Additional Important Insights - The emphasis on the aerospace industry as a pillar suggests potential government support and funding, which could lead to increased investment and innovation in this sector [1] - The identification of specific companies within the supply chain indicates a strategic approach to investment, focusing on firms that are likely to benefit from government initiatives and industry growth [2]

北京植德律师事务所 关于上海瀚讯信息技术股份有限公司 申请向特定对象发行股票的 补充法律意见书之一 植德（证）字[2026] 0002-6号 二〇二六年三月 北京植德律师事务所 Merits & Tree Law Offices 北京市东城区东直门南大街 1 号来福士中心办公楼 12 层 邮编：100007 12 th Floor, Raffles City Beijing Office Tower, No.1 Dongzhimen South Street, Dongcheng District, Beijing 100007 P.R.C 电话(Tel)：010-56500900 传真(Fax)：010-56500999 www.meritsandtree.com 北京植德律师事务所 关于上海瀚讯信息技术股份有限公司 申请向特定对象发行股票的 补充法律意见书之一 植德（证）字[2026] 0002-6号 致：上海瀚讯信息技术股份有限公司（发行人） 根据本所与发行人签署的《律师服务协议书》，本所接受发行人的委托，担 任发行人本次发行的专项法律顾问。 根据《公司法》《证券法》《证券法律业务管理办法》《证券法律业 ...

国泰海通证券股份有限公司 关于 上海瀚讯信息技术股份有限公司 2025 年度向特定对象发行股票并在创业板 上市 之 发行保荐书 保荐机构（主承销商） （中国（上海）自由贸易试验区商城路 618 号） 二零二六年三月 上海瀚讯信息技术股份有限公司 向特定对象发行股票并在创业板上市之发行保荐书 国泰海通证券股份有限公司 关于上海瀚讯信息技术股份有限公司 2025 年度向特定对象发行股票之发行保荐书 深圳证券交易所： 国泰海通证券股份有限公司（以下简称"国泰海通"、"保荐人"或"本保 荐人"）接受上海瀚讯信息技术股份有限公司（以下简称"上海瀚讯"、"公司" 或"发行人"）的委托，担任上海瀚讯本次向特定对象发行 A 股股票的保荐人。 国泰海通及其保荐代表人根据《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》"）、《上市公司证券发行 注册管理办法》（以下简称"《注册管理办法》"）、《证券发行上市保荐业务 管理办法》（以下简称"《保荐管理办法》"）等法律法规和中国证券监督管理 委员会（以下简称"中国证监会"）、深圳证券交易所（以下简称"深交所"） 的有关规定，诚实守信， ...

国泰海通证券股份有限公司 关于 上海瀚讯信息技术股份有限公司 2025 年度向特定对象发行股票 并在创业板上市 之 上市保荐书 保荐机构（主承销商） （中国（上海）自由贸易试验区商城路 618 号） 二零二六年三月 上海瀚讯信息技术股份有限公司 上市保荐书 声 明 国泰海通证券股份有限公司（以下简称"国泰海通"、"保荐机构"或"本 保荐机构"）及其保荐代表人孔海宾、归剑元根据《中华人民共和国公司法》（下 称《公司法》"）、《中华人民共和国证券法》（下称"《证券法》"）、《上 市公司证券发行注册管理办法》（以下简称"《注册管理办法》"）《证券发行 上市保荐业务管理办法》（以下简称"《保荐管理办法》"）等有关法律、法规 和中国证券监督管理委员会（以下简称"中国证监会"）的有关规定以及深圳证 券交易所（以下简称"深交所"）的有关业务规则，诚实守信，勤勉尽责，严格 按照依法制定的业务规则和行业自律规范出具本上市保荐书，并保证上市保荐书 的真实、准确、完整。 如无特别说明，本上市保荐书中所涉简称与《上海瀚讯信息技术股份有限公 司 2025 年度向特定对象发行股票募集说明书》一致。 3-3-1 | 人或其控股股东、实际控 ...

立信会计师事务所（特殊普通合伙） 关于深圳证券交易所《关于上海瀚讯 信息技术股份有限公司申请向特定对 象发行股票的审核问询函》 的回复意见 立信会计师事务所（特殊普通合伙） 关于深圳证券交易所《关于上海瀚讯信息技术股份有限公司 申请向特定对象发行股票的审核问询函》的回复意见 信会师报字[2026]第 ZA90062 号 深圳证券交易所： 贵所《关于上海瀚讯信息技术股份有限公司申请向特定对象发行股票的审核 问询函》（审核函〔2026〕020010 号）已收悉，本所根据贵所的要求对审核问询 中需要会计师说明的问题进行了核查。由于本所没有接受委托审计或审阅公司 2025 年 1 月至 9 月期间的财务报表，因此无法对公司上述期间的财务信息发表 意见或结论。以下所述的核查程序及实施核查程序的结果仅为协助公司回复交易 所问询目的，不构成审计或审阅，其结果可能与我们未来执行公司 2025 年度财 务报表审计得出的结论存在差异。现将有关事项回复如下: 关于回复内容释义、格式等事项的说明： 1、如无特别说明，本回复使用的简称与《上海瀚讯信息技术股份有限公司 向特定对象发行股票募集说明书》中的释义相同； 2、为便于阅读，本回复 ...

向特定对象发行股票申请文件的审核问询函之 回复报告 保荐机构（主承销商） （中国（上海）自由贸易试验区商城路 618 号） 二〇二六年三月 证券代码：300762 证券简称：上海瀚讯 关于上海瀚讯信息技术股份有限公司 深圳证券交易所： 贵所于 2026 年 2 月 5 日出具的《关于上海瀚讯信息技术股份有限公司申请 向特定对象发行股票的审核问询函》（审核函〔2026〕020010 号）（以下简称"问 询函"）已收悉，上海瀚讯信息技术股份有限公司（以下简称"发行人"、"上 海瀚讯"或"公司"）会同国泰海通证券股份有限公司（以下简称"保荐人"、 "主承销商"或"国泰海通"）、北京植德律师事务所（以下简称"发行人律师" 或"律师"）、立信会计师事务所（特殊普通合伙）（以下简称"发行人会计师"、 "立信"）等相关方对问询函所列问题进行了逐项核查，现回复如下，请予审核。 关于回复内容释义、格式及补充更新披露等事项的说明如下： 1、如无特别说明，本回复使用的简称与《上海瀚讯信息技术股份有限公司 向特定对象发行股票募集说明书》中的释义相同； 2、为便于阅读，本回复不同内容字体如下： | 黑体（加粗） | 问询函问题 | | ...