Core Viewpoint - Han Shuo Technology (301275.SZ) plans to repurchase shares for the implementation of an employee stock ownership plan or equity incentive, with a total repurchase fund of no less than 150 million yuan and no more than 300 million yuan, with a repurchase price not exceeding 84 yuan per share [1] Group 1 - The company intends to use the repurchased shares for employee stock ownership or equity incentives [1] - The total amount allocated for the repurchase is between 150 million yuan and 300 million yuan [1] - The maximum repurchase price is set at 84 yuan per share [1]

Group 1 - Han Shuo Technology announced a share repurchase plan aimed at employee stock ownership plans or equity incentives, with a total repurchase fund expected to be no less than RMB 150 million and not exceeding RMB 300 million [1] - The repurchase price will not exceed RMB 84 per share, which is 150% of the average trading price over the 30 trading days prior to the board's approval [1] - The implementation period for the share repurchase is set for 12 months from the board's approval date [1] Group 2 - As of the report, Han Shuo Technology has a market capitalization of RMB 22.8 billion [2] - The company's revenue composition for 2024 is projected to be 100% from retail store digitization [1]

证券代码：301275 证券简称：汉朔科技 公告编号：2025-041 本次担保事项在公司董事会及股东大会审议通过的担保额度范围内，无需再 次提交董事会、股东会审议。 三、担保合同主要内容 1、申请人：汉朔科技股份有限公司 汉朔科技股份有限公司 关于为全资子公司提供担保的进展公告 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。 一、担保情况概述 汉朔科技股份有限公司（以下简称"公司"）于 2025 年 4 月 23 日召开了第 二届董事会第九次会议、第二届监事会第九次会议，并于 2025 年 5 月 16 日召开 2024 年年度股东大会分别审议通过了《关于公司 2025 年度为子公司提供担保额 度预计的议案》。公司于 2025 年 8 月 22 日召开了第二届董事会第十一次会议， 审议通过了《关于在公司担保额度内增加被担保对象的议案》。为满足公司及全 资子公司业务发展及生产经营需要，提高工作效率，公司拟为合并报表范围内部 分全资子公司向银行等金融机构申请综合授信（包括但不限于办理人民币流动资 金贷款、项目贷款、贸易融资、银行承兑汇票、信用证、保函、票据贴现、 ...

Group 1 - The company plans to repurchase shares worth between 150 million to 300 million RMB [1] - The maximum repurchase price is set at 84 RMB per share [1]

证券代码：301275 证券简称：汉朔科技 公告编号：2025-039 1、审议通过了《关于回购公司股份方案的议案》 基于对公司未来发展前景的信心和对公司价值的认可，为维护广大投资者的 利益，增强投资者信心，进一步健全公司激励机制，充分调动公司员工的积极性， 促进公司可持续发展，公司在结合经营情况、业务发展前景、财务状况以及未来 盈利能力的基础上，拟使用不低于人民币 15,000 万元且不超过人民币 30,000 万 元（均含本数）的自有资金和/或自筹资金以集中竞价方式回购公司部分已发行 的人民币普通股（A 股）股票，回购股份将在未来适宜时机用于员工持股计划或 股权激励，回购期限为自公司董事会审议通过本次回购方案之日起 12 个月内。 具体内容详见 2025 年 9 月 29 日刊载于巨潮资讯网（http://www.cninfo.com.cn） 的《关于回购公司股份方案的公告》。 表决结果：同意 8 票；反对 0 票；弃权 0 票。 三、备查文件 汉朔科技股份有限公司 第二届董事会第十二次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事 ...

证券代码：301275 证券简称：汉朔科技 公告编号：2025-040 汉朔科技股份有限公司 关于回购公司股份方案的公告 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。 重要内容提示： 汉朔科技股份有限公司（以下简称"公司"）回购方案的主要内容如下： 3、回购股份的价格：不超过人民币 84 元/股（含本数，不高于董事会审议 通过本次回购股份决议前 30 个交易日公司股票交易均价的 150%）； 4、回购股份的实施期限：自公司董事会审议通过本次回购股份方案之日起 12 个月内； 5、回购股份的数量及占公司总股本的比例：按回购价格上限 84 元/股 （含）、回购资金总额下限及上限测算，预计回购股份数量为 1,785,715 股- 3,571,428 股，占公司目前总股本的 0.42%-0.85%。具体回购股份的数量以回购 实施完成/回购期满时实际回购的股份数量为准。 6、拟用于回购的资金总额及资金来源：预计回购资金总额不低于人民币 15,000 万元且不超过人民币 30,000 万元（均含本数）。具体回购资金总额以实 际使用的资金总额为准。资金来源为公司自有资金和 ...

Investment Rating - The report assigns an "Outperform" rating to the company with a target price of 65.97 RMB, based on a projected 2025 forward PE of 37x [1][5][17]. Core Insights - The company's performance in the first half of 2025 was under pressure, with revenue of 1.97 billion RMB, down 6.73% year-on-year, and net profit attributable to shareholders of 0.22 billion RMB, down 41.68% year-on-year. The decline was attributed to the impact of tariffs and order timing [5][17]. - The North American market is showing positive signs of demand recovery, particularly with the large-scale adoption of electronic shelf labels (ESL) by major retailers like Walmart, which is expected to drive growth [5][17]. - The report highlights the ongoing global digitalization trend in retail, with ESL shipments in the first half of 2025 reaching 248 million units, a 56% increase year-on-year [5][17]. - The company is expanding its digital store solutions, which include AI cameras and smart carts, aiming to enhance inventory and order management through digital integration [5][17]. Financial Summary - Projected revenues for 2025, 2026, and 2027 are 4.95 billion RMB, 5.95 billion RMB, and 7.05 billion RMB, respectively. Net profit attributable to shareholders is projected at 0.75 billion RMB, 0.92 billion RMB, and 1.15 billion RMB for the same years [3][5][17]. - The gross profit margin for the first half of 2025 was 31.59%, a decrease of 5.66 percentage points year-on-year, primarily due to increased competition and lower margins on ESL terminals [5][17]. - The company maintains a strong balance sheet with a net asset return rate projected to be 16.7% in 2025, decreasing from 33.9% in 2023 [3][5][17].

证券代码：301275 证券简称：汉朔科技 公告编号：2025-038 汉朔科技股份有限公司 关于为全资子公司提供担保的进展公告 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。 一、担保情况概述 汉朔科技股份有限公司（以下简称"公司"）于 2025 年 4 月 23 日召开了第 二届董事会第九次会议、第二届监事会第九次会议，并于 2025 年 5 月 16 日召开 2024 年年度股东大会分别审议通过了《关于公司 2025 年度为子公司提供担保额 度预计的议案》。公司于 2025 年 8 月 22 日召开了第二届董事会第十一次会议， 审议通过了《关于在公司担保额度内增加被担保对象的议案》。为满足公司及全 资子公司业务发展及生产经营需要，提高工作效率，公司拟为合并报表范围内部 分全资子公司向银行等金融机构申请综合授信（包括但不限于办理人民币流动资 金贷款、项目贷款、贸易融资、银行承兑汇票、信用证、保函、票据贴现、保理、 出口押汇、外汇远期结售汇以及衍生产品等相关业务）及日常经营需要提供担保， 担保方式包括但不限于履约担保、产品质量担保等。预计担保总额度不超过人民 ...

Market Overview - On September 19, the other electronic sector rose by 0.2%, led by Fuxin Technology, while the Shanghai Composite Index closed at 3820.09, down 0.3%, and the Shenzhen Component Index closed at 13070.86, down 0.04% [1] Stock Performance - Fuxin Technology (688662) closed at 57.80, with a significant increase of 19.99% and a trading volume of 96,700 shares, amounting to a transaction value of 543 million yuan [1] - Tailong Co., Ltd. (300650) saw a rise of 6.24%, closing at 17.72 with a trading volume of 296,700 shares [1] - Hanshuo Technology (301275) increased by 3.92%, closing at 56.17 with a trading volume of 57,000 shares [1] - Other notable performers include Yingtang Zhikong (300131) up 3.42% and Xiangnan Xinchuan (300475) up 2.68% [1] Capital Flow - The other electronic sector experienced a net outflow of 427 million yuan from institutional investors, while retail investors saw a net inflow of 554 million yuan [2] - Fuxin Technology had a net inflow of 96.73 million yuan from institutional investors, but a net outflow of 60.10 million yuan from speculative funds [3] - Zhongdian Port (001287) also saw a significant net inflow of 78.41 million yuan from institutional investors, with a net outflow from speculative and retail investors [3]

Core Viewpoint - HanShuo Technology (301275.SZ) is a well-known provider of digital solutions for retail stores, focusing on electronic price tag systems as part of its smart retail comprehensive solutions [1] Group 1: Company Overview - The company offers a complete digital store solution product portfolio, which includes AI cameras, inspection robots, and smart shopping carts, built around the electronic price tag system [1] - HanShuo Technology emphasizes its investment and layout in the field of artificial intelligence, aiming to enhance the digitalization level of retail stores through technologies like machine vision [1] Group 2: Market Strategy - The company will continue to monitor the application of cutting-edge technologies such as robots (including humanoid robots) and artificial intelligence in retail stores [1] - HanShuo Technology maintains an open attitude towards market opportunities, planning to expand through self-research or collaboration with outstanding enterprises in the field [1]