Core Viewpoint - The stock of Xiechuang Data has shown significant volatility, with a year-to-date increase of 96.04%, but a recent decline of 17.98% over the past five trading days, indicating potential market fluctuations and investor sentiment shifts [1] Company Overview - Xiechuang Data Technology Co., Ltd. is based in Shenzhen, Guangdong, and specializes in the research, production, and sales of IoT smart terminals and data storage devices [1] - The company was established on November 18, 2005, and went public on July 27, 2020 [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 first half of 2025, Xiechuang Data reported a revenue of 4.944 billion yuan, representing a year-on-year growth of 38.18%, and a net profit attributable to shareholders of 432 million yuan, up 20.76% year-on-year [2] - Since its A-share listing, the company has distributed a total of 139 million yuan in dividends, with 114 million yuan distributed over the past three years [2] Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 4.96% to 29,300, while the average circulating shares per person increased by 47.30% to 11,667 shares [2] - New institutional shareholders include E Fund's ChiNext ETF, Southern CSI 500 ETF, and others, indicating growing institutional interest [3]

证券日报网讯协创数据（300857）10月14日在互动平台回答投资者提问时表示，公司密切关注并支持 Dreamworld AI眼镜项目的进展，该项目上一代开发的产品已经量产了，结合最新人工智能技术的新产 品正按计划推进产品化进程，相关产品预计将于今年12月份完成工程样机，并计划于明年第一季度启动 量产。 ...

每经AI快讯，有投资者在投资者互动平台提问：协创数据投资项目Dreamworld AI眼镜荣获深创赛企业 组一等奖，请问相关产品有无量产计划？ （文章来源：每日经济新闻） 协创数据（300857.SZ）10月14日在投资者互动平台表示，公司密切关注并支持Dreamworld AI眼镜项目 的进展，该项目上一代开发的产品已经量产了，结合最新人工智能技术的新产品正按计划推进产品化进 程，相关产品预计将于今年12月完成工程样机，并计划于明年第一季度启动量产。 ...

Core Viewpoint - The company is closely monitoring and supporting the progress of the Dreamworld AI glasses project, with the previous generation of products already in mass production and new products incorporating the latest AI technology on track for commercialization [1] Group 1 - The previous generation of the Dreamworld AI glasses has already entered mass production [1] - The new products, which integrate the latest artificial intelligence technology, are progressing as planned towards commercialization [1] - Engineering prototypes of the new products are expected to be completed by December this year, with mass production scheduled to start in the first quarter of next year [1]

Core Viewpoint - The recent significant decline in the optical module sector, particularly affecting AI-related stocks, has raised concerns among investors, despite optimistic long-term industry trends [1][3][4]. Group 1: Market Performance - On October 14, the AI-focused ChiNext index saw a drop of over 5.5%, with major stocks like NewEase falling more than 9% and several others declining over 5% [1]. - The largest AI ETF (159363) experienced a 5.68% drop, reaching a one-month low, with a trading volume exceeding 1 billion yuan [1][5]. Group 2: Industry Trends - Recent volatility in the optical module sector is attributed to emotional market responses, but institutions remain optimistic about the long-term trends in the industry [3]. - Major AI models like Sora2 and ClaudeSonnet4.5 have exceeded expectations, indicating a potential acceleration in the commercialization of AI [3]. Group 3: Valuation Insights - Valuation reports suggest that leading optical module companies have a significant upside potential, as their actual performance PE is notably lower than consensus expectations [4]. - The current market dynamics reflect a "Davis Double Play" effect in the consumer electronics sector, indicating both explosive growth and sustainability [4]. Group 4: Investment Recommendations - Investors are advised to focus on the AI computing opportunities centered around optical modules, particularly the first ChiNext AI ETF (159363) and its associated funds [4]. - The report highlights the importance of leading companies in the optical module sector, which are expected to be revalued as demand for high-speed optical modules increases [4].

Group 1 - The core viewpoint of the news is that Xiechuang Data's stock has experienced a significant decline, with a 5.11% drop on October 14, leading to a cumulative decline of 12.18% over three consecutive days [1] - As of the report, Xiechuang Data's stock price is 151.67 yuan per share, with a total market capitalization of 52.496 billion yuan and a trading volume of 1.639 billion yuan [1] - The company's main business involves the research, production, and sales of IoT smart terminals and data storage devices, with revenue contributions from various segments: data storage devices (37.11%), intelligent computing products and services (24.69%), IoT smart terminals (17.70%), server remanufacturing (16.88%), and others (3.62%) [1] Group 2 - From the perspective of major fund holdings, Huazhang Fund has a significant position in Xiechuang Data, with its Huazhang Technology Innovation Mixed A Fund holding 84,000 shares, accounting for 2.95% of the fund's net value [2] - The fund has incurred a floating loss of approximately 685,400 yuan today, with a total floating loss of 1.8614 million yuan during the three-day decline [2] - The Huazhang Technology Innovation Mixed A Fund has achieved a year-to-date return of 32.49% and a one-year return of 41.11%, ranking 2754 out of 8162 and 1970 out of 8015 respectively [2]

证券代码：300857 证券简称：协创数据 公告编号：2025-125 协创数据技术股份有限公司 2025 年第七次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示： 本次股东会无否决议案的情形。 本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、召开时间： （1）现场会议召开时间：2025年10月13日（星期一）14:00 （2）网络投票起止时间：2025年10月13日 6、本次会议的召开符合《中华人民共和国公司法》（以下简称"《公 司法》"）、《深圳证券交易所创业板股票上市规则》及《协创数据技术 股份有限公司章程》（以下简称"《公司章程》"）的有关规定。 （二）会议出席情况 1、股东出席情况 （1）出席会议的总体情况 参加本次股东会表决的股东及股东授权代表共计190人，代表有 表决权的股份总数为131,759,602股，占公司有表决权股份总数的 38.0675％。 其中，通过深圳证券交易所交易系统网络投票的具体时间为2025 年10月13日9:15-9:25，9:30-11:30，13 ...

广东信达律师事务所 股东会法律意见书 中国 深圳 福田区 益田路6001号太平金融大厦11、12楼 11&12F.,TAIPINGFINANCETOWER,YITIANROAD6001,FUTIAN,SHENZHEN,CHINA 电话(Tel.)：(0755)88265288 邮政编码：518038 网址(Website)：www.sundiallawfirm.com 传真(Fax.)：(0755)88265537 广东信达律师事务所 关于协创数据技术股份有限公司 2025年第七次临时股东会 法律意见书 信达会字（2025）第322号 致：协创数据技术股份有限公司 根据《中华人民共和国公司法》（下称"《公司法》"）《上市公司股东会 规则》（下称"《股东会规则》"）等法律、法规、规范性文件及现行有效的 《协创数据技术股份有限公司章程》（下称"《公司章程》"）的规定，广东信达 律师事务所（下称"信达"）接受贵公司的委托，指派万威世律师、赖凌云律师 （下称"信达律师"）出席贵公司 2025 年第七次临时股东会（下称"本次股东 会"），在进行必要验证工作的基础上，对贵公司本次股东会的召集、召开程序、 出席会议人员和召 ...

Market Overview - The A-share market experienced fluctuations last week, with the margin balance reaching a historical high of 24,417.76 billion yuan as of October 10, and the financing balance at 24,256.59 billion yuan, an increase of 472.69 billion yuan over the week [1] - On October 9, the financing balance increased by 508.05 billion yuan, marking the second-highest single-day increase on record, followed by a decrease of 35.36 billion yuan on October 10 [1] Industry Analysis - Among the 31 industries tracked, 26 saw an increase in financing balance last week, with the electronics, non-ferrous metals, and power equipment sectors leading in net financing inflows of 71.93 billion yuan, 62.74 billion yuan, and 53.38 billion yuan respectively [1] - The five industries that experienced a decrease in financing balance included social services, public utilities, and coal, with net sell-offs of 1.02 billion yuan, 0.60 billion yuan, and 0.59 billion yuan respectively [1] Individual Stock Performance - A total of 138 stocks saw net purchases exceeding 1 billion yuan, with the top ten stocks being ZTE Corporation, Xinyise, Dongfang Wealth, Zijin Mining, Northern Rare Earth, Xiechuang Data, Kingsoft, Silan Microelectronics, Cambricon Technologies, and Hikvision, with net purchases of 20.72 billion yuan, 17.09 billion yuan, and 13.28 billion yuan respectively [4] - The top ten stocks with the highest net purchases mostly experienced declines, with ZTE Corporation being the exception, rising over 13% [4] Detailed Stock Data - The financing net purchase amounts for the top stocks were as follows: - ZTE Corporation: 207.17 million yuan, with a price increase of 13.94% - Xinyise: 170.92 million yuan, with a price decrease of 5.35% - Dongfang Wealth: 132.76 million yuan, with a price decrease of 3.80% - Zijin Mining: 94.60 million yuan, with a price increase of 4.86% - Northern Rare Earth: 77.95 million yuan, with a price increase of 8.65% [6]

Core Viewpoint - The company has a significant overseas revenue contribution of 48.32% as of the 2025 mid-year report, indicating a strong international presence and strategic focus on global markets [1]. Group 1: Overseas Revenue and Market Presence - The company serves customers across major global markets including Europe, Asia-Pacific, and Latin America, with applications in smart home, IoT devices, and consumer electronics [1]. - The company has established alternative procurement channels for key components in Japan, South Korea, and Europe, while primarily relying on domestic suppliers for core raw materials [1]. Group 2: Supply Chain and Logistics - The company exports goods to the United States mainly through its overseas smart manufacturing facilities located in the Philippines, the U.S., and Thailand, with a relatively small proportion of direct exports to the U.S. [1]. - The company is committed to enhancing its U.S. manufacturing capacity as part of its internationalization strategy, while maintaining a focus on the global trade environment and ensuring a resilient supply chain [1].