Core Viewpoint - The stock of Xiechuang Data has experienced fluctuations, with a year-to-date increase of 89.57% but a recent decline in the last five and twenty trading days [1] Company Overview - Xiechuang Data Technology Co., Ltd. is located in Shenzhen, Guangdong, and was established on November 18, 2005, with its IPO on July 27, 2020 [1] - The company specializes in the research, production, and sales of IoT smart terminals and data storage devices, continuously adapting to technological changes and market trends [1] - The revenue composition includes: data storage devices (37.11%), intelligent computing products and services (24.69%), IoT smart terminals (17.70%), server and peripheral remanufacturing (16.88%), and others (3.62%) [1] Financial Performance - For the period from January to September 2025, Xiechuang Data achieved a revenue of 8.331 billion yuan, representing a year-on-year growth of 54.43%, and a net profit attributable to shareholders of 698 million yuan, up 25.30% year-on-year [2] - The company has distributed a total of 139 million yuan in dividends since its A-share listing, with 114 million yuan distributed over the past three years [2] Shareholder Structure - As of September 30, 2025, the number of shareholders increased by 19.23% to 35,000, while the average circulating shares per person decreased by 15.75% to 9,830 shares [2] - Major shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 3.1041 million shares, and E Fund's ChiNext ETF, which decreased its holdings by 734,900 shares [3]

Core Viewpoint - The company, Chuangxin Data (300857.SZ), confirmed that it currently has no business cooperation with Huawei [1] Summary by Categories - **Company Interaction** - Chuangxin Data responded to an investor inquiry on an interactive platform, stating that there is no collaboration with Huawei at this time [1]

Core Viewpoint - The company is focusing on the full industry chain layout in the storage field, particularly on NAND Flash and DRAM products and technologies [2]. Group 1 - The company was asked about the classification of its storage modules, whether they are consumer-grade or enterprise-grade [2]. - The company confirmed that its computing center utilizes its own enterprise-grade storage modules [2]. - The company indicated that details regarding its business operations will be available in future periodic reports and announcements [2].

Core Viewpoint - The company is currently focusing on the full industry chain layout in the storage sector, specifically targeting NAND Flash and DRAM as the two main related products and technologies [1] Group 1 - The company is engaged in the storage field with a comprehensive industry chain strategy [1] - The primary focus is on NAND Flash technology [1] - The secondary focus is on DRAM technology [1]

Core Viewpoint - The company, Xiechuang Data (300857.SZ), has clarified that it does not have any collaboration with Huawei [1] Group 1 - The company responded to inquiries on its investor interaction platform [1]

Core Viewpoint - The company, Xiechuang Data, has established a comprehensive storage business that spans the entire industry chain from storage chip packaging and testing to storage module assembly, focusing on NAND Flash and DRAM as the two main products and technologies [1] Group 1 - The storage business of the company covers the entire industry chain [1] - The company is concentrating on NAND Flash and DRAM technologies [1]

Core Viewpoint - The company has established a comprehensive storage business that spans the entire industry chain from storage chip packaging and testing to storage module assembly, focusing on NAND Flash and DRAM as the two main products and technologies [1] Group 1 - The company's storage business covers the entire industry chain [1] - The focus is on NAND Flash and DRAM technologies [1]

Core Viewpoint - The company has submitted an application for overseas public offering of H-shares and listing on the Hong Kong Stock Exchange on October 22, 2025 [1] Group 1 - The company has filed the application with the Hong Kong Stock Exchange and submitted the necessary documentation to the China Securities Regulatory Commission (CSRC) [1] - The application materials for the issuance and listing have been accepted by the CSRC recently [1] - The issuance and listing are subject to approvals from the CSRC, the Hong Kong Securities and Futures Commission, and the Hong Kong Stock Exchange, indicating potential uncertainties in the process [1]

根据相关规定，公司已向中国证券监督管理委员会（以下简称"中国证监 会"）报送了本次发行上市的备案申请材料，并于近日获中国证监会接收。 协创数据技术股份有限公司 关于发行境外上市股份（H 股）备案申请材料获中国证监会 接收的公告 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。 协创数据技术股份有限公司（以下简称"公司"）已于 2025 年 10 月 22 日 向香港联合交易所有限公司（以下简称"香港联交所"）递交了在境外公开发行 股票（H 股）并在香港联交所主板上市（以下简称"本次发行上市"）的申请， 并于同日在香港联交所网站刊登了本次发行上市的申请材料。具体内容详见公 司于 2025 年 10 月 23 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于向香 港联合交易所有限公司递交 H 股发行及上市申请并刊发申请资料的公告》。 证券代码：300857 证券简称：协创数据 公告编号：2025-146 公司本次发行上市尚需取得中国证监会、香港证券及期货事务监察委员会 和香港联交所等相关监管机构、证券交易所的批准、核准或备案，该事项仍存 在不确定性。 ...

Group 1 - The core focus of broker research in November has been on Chinese companies expanding overseas, with a total of 1990 research sessions conducted covering 398 A-share listed companies [1] - The most frequently researched stock this month is Trina Solar, which has been surveyed 39 times, followed by Luxshare Precision and Anji Technology, each with 36 surveys [1] - The industrial machinery and electronic components sectors have seen the highest interest, with 37 and 28 companies respectively being researched [1] Group 2 - Among the 398 stocks, 220 have seen price increases, with the highest increase being 189.46% for Huasheng Lithium Battery [1] - In terms of broker participation, CITIC Securities led with 102 research sessions, followed by Guotai Junan and Changjiang Securities with 99 and 77 sessions respectively [2] - The overseas expansion of Chinese companies has been a key topic during broker inquiries, with Trina Solar reporting significant growth in orders from high-margin markets like the US and Europe [2] Group 3 - The trend of Chinese companies going global is expected to significantly enhance their profit growth potential, as indicated by the performance of some representative companies exceeding market expectations [3] - The active research by brokers not only aids in value discovery and risk warning but also helps in understanding the cross-border financial needs of Chinese companies [3]