Group 1 - The core business of the company involves the application of self-controllable new generation information technology in the military industry, focusing on the informatization of defense equipment and management systems [2] - As of June 30, the company had 17,700 shareholders, an increase of 102.54% compared to the previous period, with an average of 2,926 circulating shares per person, a decrease of 50.63% [2] - For the first half of 2025, the company achieved operating revenue of 41.05 million yuan, a year-on-year increase of 9.19%, while the net profit attributable to the parent company was 1.43 million yuan, a year-on-year decrease of 52.74% [2] Group 2 - On October 9, the company's stock price fell by 0.24%, with a trading volume of 66.02 million yuan [1] - The financing buy-in amount on the same day was 7.96 million yuan, while the financing repayment was 9.02 million yuan, resulting in a net financing buy-in of -1.06 million yuan [1] - The total balance of margin trading as of October 9 was 70.88 million yuan, accounting for 1.67% of the circulating market value, which is below the 50th percentile level over the past year, indicating a low level [1]

Market Performance - The military electronics sector rose by 0.39% on September 24, with Guankang Technology leading the gains [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Key Stocks in Military Electronics Sector - Guankang Technology (301213) closed at 55.11, up 6.16% with a trading volume of 45,500 shares and a turnover of 251 million [1] - Sichuang Electronics (600990) closed at 29.40, up 5.98% with a trading volume of 157,900 shares and a turnover of 449 million [1] - ST Tianwei (688511) closed at 21.86, up 5.60% with a trading volume of 11,600 shares and a turnover of approximately 25.24 million [1] - Aerospace Nanhai (688552) closed at 39.49, up 5.17% with a trading volume of 101,000 shares and a turnover of 391 million [1] - Zhenxin Technology (300101) closed at 25.09, up 4.45% with a trading volume of 167,900 shares and a turnover of 416 million [1] Fund Flow Analysis - The military electronics sector experienced a net outflow of 442 million from institutional investors, while retail investors saw a net inflow of 498 million [2] - The top stocks with significant fund flows included: - Aopu Optoelectronics (002338) with a net inflow of 86.90 million from institutional investors [3] - Sichuang Electronics (600990) with a net inflow of 57.72 million from institutional investors [3] - Ruichuang Weina (688002) with a net inflow of 34.46 million from institutional investors [3]

Market Overview - The Shanghai Composite Index is at 3819.79 points, slightly down by 0.05%, with a total trading volume of 10194.57 billion yuan [1] - 130 A-shares have surpassed the half-year line, indicating a positive market trend [1] Notable Stocks - The stocks with the largest deviation rates above the half-year line include: - Jinghua Laser (603607) with a deviation rate of 5.16% and a price increase of 5.56% [1] - Zhongying Technology (300936) with a deviation rate of 4.33% and a price increase of 6.13% [1] - Guanshang Technology (301213) with a deviation rate of 3.59% and a price increase of 7.34% [1] - Other stocks that have just crossed the half-year line with smaller deviation rates include: - Zhejiang Longsheng, Ruimaite, and Shenzhou High-speed Railway [1] Trading Data - The trading data for stocks that broke the half-year line includes: - Jinghua Laser: Latest price 24.67 yuan, half-year line 23.46 yuan, turnover rate 4.03% [1] - Zhongying Technology: Latest price 40.36 yuan, half-year line 38.68 yuan, turnover rate 6.95% [1] - Guanshang Technology: Latest price 55.72 yuan, half-year line 53.79 yuan, turnover rate 5.97% [1] - Additional stocks with notable performance include: - Nanjing Chemical Fiber (600889) with a price increase of 5.33% and a deviation rate of 3.16% [1] - Zhongke Tongda (688038) with a price increase of 5.87% and a deviation rate of 3.10% [1]

Core Points - The company held its third extraordinary general meeting of shareholders on September 12, 2025, where multiple important resolutions were approved [1] - The meeting combined on-site and online voting, with a total of 51 shareholders present, representing 47,752,800 shares, which is 59.6910% of the total voting shares [1] - The meeting was convened by the board of directors and chaired by Chairman Wei Qiang, complying with relevant laws and regulations [1] Summary of Resolutions - **Amendment to the Articles of Association**: Approved by 99.9162% of the voting shares, with 47,712,800 shares in favor [1] - **Amendment to the Rules of Shareholders' Meetings**: Approved by 99.9162% of the voting shares, with 47,712,800 shares in favor [2] - **Amendment to the Rules of Board Meetings**: Approved by 99.9162% of the voting shares, with 47,712,800 shares in favor [3] - **Amendment to the Independent Director Work System**: Approved by 99.9531% of the voting shares, with 47,730,400 shares in favor [4] - **Amendment to the Related Party Transaction Management System**: Approved by 99.9525% of the voting shares, with 47,730,100 shares in favor [5] - **Amendment to the External Guarantee Management System**: Approved by 99.9125% of the voting shares, with 47,711,000 shares in favor [6] - **Amendment to the External Investment Management System**: Approved by 99.9125% of the voting shares, with 47,711,000 shares in favor [8] - **Amendment to the Management of Fundraising Usage**: Approved by 99.9493% of the voting shares, with 47,728,600 shares in favor [9] - The meeting was witnessed by Beijing Deheng (Chengdu) Law Firm, which confirmed the legality and validity of the meeting procedures and results [9]

2025 年第三次临时股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1.本次股东大会未出现变更或否决议案的情形。 2.本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席的情况 （一）会议召开情况 证券代码：301213 证券简称：观想科技 公告编号：2025-058 四川观想科技股份有限公司 1.会议召开时间： （1）现场会议召开时间：2025 年 9 月 12 日（星期五）14:30。 （2）网络投票时间：通过深圳证券交易所（以下简称"深交所"） 交易系统进行网络投票的具体时间为 2025 年 9 月 12 日 9:15-9:25， 9:30-11:30 和 13:00-15:00；通过深圳证券交易所互联网投票系统进行 投票的具体时间为 2025 年 9 月 12 日 9:15-15:00 的任意时间。 2.会议召开方式：采取现场投票与网络投票相结合的方式。 3.会议召开地点：四川省成都市天府新区湖畔路西段 99 号 5 栋 1 单元 14 层公司第一会议室。 4.会议召集人：公司董事会 5.会议主持人：董事 ...

北京德恒（成都）律师事务所 关于四川观想科技股份有限公司 2025 年第三次临时股东大会的 法律意见 北京德恒（成都）律师事务所 关于四川观想科技股份有限公司 2025 年第三次临时股东大会的 法律意见 德恒 22G20240315-04 号 致：四川观想科技股份有限公司 电话:028-83338385 传真:028-83338385 邮编:610041 成都市高新区天府大道中段 666 号希顿国际广场 B 座 20 层 北京德恒（成都）律师事务所 关于四川观想科技股份有限公司 2025 年第三次临时股东大会的法律意见 北京德恒（成都）律师事务所（以下简称"本所"）受四川观想科技股份有 限公司（以下简称"公司""观想科技"）委托，指派冯剑飞律师、刘红霞律师 （以下简称"本所承办律师"）参加公司 2025 年第三次临时股东大会（以下简 称"本次股东大会"），并对本次股东大会的合法性进行见证并出具法律意见。 本法律意见根据《中华人民共和国公司法（2023 年修订）》（以下简称"《公 司法》"）、《上市公司股东会规则（2025 年修订）》（以下简称"《股东会 规则》"）等有关法律、法规和规范性文件，以及《四川观想科 ...

Group 1 - The core point of the news is that Guanshang Technology's stock has experienced a decline of 5.08%, with a current price of 52.74 CNY per share and a total market capitalization of 4.219 billion CNY [1] - Guanshang Technology, established on February 11, 2009, focuses on the application of self-controlled next-generation information technology in the military industry, providing products and services related to equipment lifecycle management systems and intelligent weapon control modules [1] - The company's main business revenue composition includes 43.45% from artificial intelligence, 41.64% from equipment lifecycle management systems, and 14.91% from intelligent equipment [1] Group 2 - From the perspective of major fund holdings, the Jiao Yin Schroder Fund has a significant position in Guanshang Technology, with the Jiao Yin Multi-Strategy Return Flexible Allocation Mixed A Fund holding 94,000 shares, accounting for 1.48% of the fund's net value [2] - The Jiao Yin Multi-Strategy Return Flexible Allocation Mixed A Fund has a total scale of 269 million CNY and has achieved a year-to-date return of 9.29% [2] - The fund's performance rankings indicate it is positioned 5815 out of 8179 in its category for year-to-date returns and 6657 out of 7984 for the past year [2] Group 3 - The fund managers of Jiao Yin Multi-Strategy Return Flexible Allocation Mixed A include Wang Yiwei, Jiang Chengcao, and Xu Senzhou, with varying tenures and performance records [3] - Wang Yiwei has managed the fund for 5 years and 288 days, achieving a best return of 28.98% during his tenure [3] - Jiang Chengcao has a tenure of 1 year and 244 days, with a remarkable best return of 109.9%, while Xu Senzhou has been managing for 244 days with a best return of 9.46% [3]

Group 1 - The core point of the news is that Guanshang Technology has experienced a significant decline in stock price, dropping 5.01% on September 3, with a total market value of 4.745 billion yuan and a cumulative decline of 11.91% over six consecutive days [1] - Guanshang Technology, established on February 11, 2009, and listed on December 6, 2021, focuses on the application of new generation information technology in the military industry, providing products and services related to equipment lifecycle management and intelligent weapon control [1] - The company's main business revenue composition includes 43.45% from artificial intelligence, 41.64% from equipment lifecycle management systems, and 14.91% from intelligent equipment [1] Group 2 - From the perspective of fund holdings, the Jiao Yin Schroder Fund has a significant position in Guanshang Technology, with its multi-strategy flexible allocation mixed fund holding 94,000 shares, accounting for 1.48% of the fund's net value [2] - The fund has incurred a floating loss of approximately 294,200 yuan today, with a total floating loss of 793,400 yuan during the six-day decline [2] - The Jiao Yin multi-strategy flexible allocation mixed fund has a total scale of 269 million yuan, with a year-to-date return of 8.96% and a one-year return of 11.15% [2]

Core Viewpoint - Guanshang Technology (301213.SZ) reported a revenue of 41.05 million yuan for the first half of 2025, marking a year-on-year growth of 9.19%, and a net profit attributable to shareholders of 1.43 million yuan, with a significant increase in non-recurring net profit by 372.29% [1] Group 1: Business Performance - The company has established a unique "AI+" core business model that integrates AI with lifecycle management systems and digital twin technology, enhancing its capabilities in the military and civilian sectors [2][3] - Guanshang Technology has successfully developed six models of small turbojet engines, with thrust levels ranging from 40 daN to 200 daN, expected to be completed for small batch trial production within the year [3] - The company signed a significant order worth 93.5 million yuan with a client, demonstrating strong customer recognition of its technology and products [3] Group 2: Technological Innovation - The company is advancing its capabilities in artificial intelligence and computing power, with a focus on integrating AI technology into defense applications [2][4] - Guanshang Technology has captured the strategic opportunity in the computing power sector, with a projected compound annual growth rate of 46.2% in China's intelligent computing power market from 2023 to 2028 [4][5] Group 3: Strategic Developments - The company plans to utilize unallocated fundraising for enhancing its digital capabilities, focusing on lifecycle management, digital twin technology, and intelligent equipment [6] - Guanshang Technology has established several subsidiaries to focus on artificial intelligence and related fields, indicating a commitment to innovation and market expansion [6] Group 4: Market Position and Future Outlook - The introduction of institutional investors is expected to enhance the company's governance structure and long-term development strategy [7][8] - The military industry is experiencing a growth phase, and Guanshang Technology is well-positioned to benefit from this trend due to its innovative capabilities and strategic focus on AI and computing power [8]

Group 1 - The core viewpoint of the article highlights that Guanshang Technology (301213) reported a mixed performance in its 2025 mid-year financial results, with revenue growth but a significant decline in net profit [1] - The total operating revenue for the period reached 41.05 million yuan, representing a year-on-year increase of 9.19%, while the net profit attributable to the parent company was 1.43 million yuan, down 52.74% year-on-year [1] - In the second quarter, the operating revenue was 23.71 million yuan, up 5.0% year-on-year, but the net profit attributable to the parent company fell sharply by 86.17% to 0.29 million yuan [1] Group 2 - The company's expense ratio has increased significantly, with total financial, sales, and management expenses amounting to 20.20 million yuan, which is 49.22% of total revenue, reflecting a year-on-year increase of 67.57% [1] - The gross profit margin was reported at 55.01%, showing a year-on-year increase of 21.87%, while the net profit margin decreased to 2.39%, down 63.0% year-on-year [1] - The company has a historical median ROIC of 10.73%, but faced a poor investment return in 2024 with a ROIC of -1.76%, indicating a fragile business model [2]