Core Viewpoint - The military industrial information technology sector has experienced a short-term surge, with notable stock price increases among several companies [1] Group 1: Company Performance - Zhanpeng Technology has reached its daily limit increase in stock price [1] - Guanwang Technology, Huaru Technology, China Haifang, Aerospace Hongtu, and Mengsheng Electronics have all seen significant stock price increases [1]

Group 1 - The A-share military industry information technology sector experienced a short-term surge, with Zhanpeng Technology hitting the daily limit [1] - Other companies such as Guankang Technology, Huaru Technology, China Marine Defense, Aerospace Hongtu, and Mengsheng Electronics also saw significant increases [1]

Core Viewpoint - The military simulation software industry in China is experiencing rapid growth, driven by the promotion of self-controlled software in the military, with significant increases in market size and demand projected for the coming years [1][10][12]. Industry Characteristics and Classification - Military simulation software is used for simulating military operations, training, and decision-making, categorized by simulation object levels and system composition [2][4]. - The industry is characterized by high technology intensity, large market potential, significant R&D investment, and long development cycles [4]. Current Development Status - The global military simulation software market is projected to reach $12.758 billion in 2024, with North America and the Asia-Pacific region holding significant market shares [7]. - China's military simulation software industry is growing due to increased national defense spending and military reforms, with a notable rise in demand for simulation technology [9][10]. Market Size and Projections - In 2024, China's military simulation software industry is expected to generate a revenue of 18.445 billion yuan, with a market size of 19.298 billion yuan and a demand for 24,888 sets [10][12]. - By 2025, the industry is projected to reach a revenue of 21.372 billion yuan, with a market size of 22.006 billion yuan and a demand for 29,598 sets [10][12]. Customer Segmentation - In 2024, military academies and research institutes will account for approximately 35.87% of the demand, while military units and agencies will represent about 45.03% [12]. - By 2025, the share of military academies and research institutes is expected to decrease slightly to 34.44%, while military units will increase to 45.44% [12]. Industry Chain - The upstream of the military simulation software industry includes computer and network equipment manufacturing, while the downstream consists of military and defense industrial enterprises with stable and increasing demand for simulation technology [14]. Policy Environment - The military simulation technology has gained recognition in enhancing research efficiency and optimizing combat strategies, supported by national policies focusing on defense informationization and intelligent combat training [16][17]. Competitive Landscape - The industry features two main types of competitors: state-owned entities with strong technical and financial backing, and private enterprises like Huaru Technology, which excel in market development and innovation [18][20]. - Foreign companies face challenges in entering the domestic military simulation market due to confidentiality restrictions [18]. Key Companies - Huaru Technology focuses on military simulation products and services, achieving comprehensive market coverage across various military branches and applications [20][21]. - Zhongke Xingtou integrates space and air capabilities, providing high-quality space information services and achieving significant revenue growth [24]. Future Trends - The military simulation software industry is expected to evolve with advancements in high-performance computing, artificial intelligence, and virtual reality technologies, enhancing the capabilities and applications of simulation software [26].

Investment Rating - The report suggests a focus on leading domestic generative large model companies such as iFLYTEK, and highlights potential in AI hardware applications with recommendations for companies like Yingshi Network, Hongsoft Technology, and Hesai [2] Core Insights - The report emphasizes that the AI industry is currently in a relatively chaotic fundamental period, with some high-frequency data showing resilience, while investor expectations remain low. The willingness to use AI products is increasing, but payment capabilities are still limited, necessitating further breakthroughs in large models [11][12] - It identifies high-growth sectors for 2025, including AI computing power and lidar, while noting that AI applications are accelerating upward. Stable growth is expected in software outsourcing, financial IT, quantum computing, data elements, EDA, and overseas expansion [11][12] Summary by Sections Industry Perspective - The report discusses the launch of Tencent's 3D generative model Hunyuan3D-PolyGen, which can generate complex geometric models with thousands of faces, and highlights the advancements of Musk's Grok 4 model, which has shown significant improvements in training efficiency [11] - It notes that the computer industry is expected to perform better in the second half of the year due to base effects, new technology/product launches, and policy implementations [11] Subsector Insights - The report categorizes the computer industry into various subsectors with their respective growth outlooks: - High growth maintained: AI computing power, lidar - Accelerating growth: AI applications - Stable growth: Software outsourcing, financial IT, quantum computing, data elements, EDA, overseas expansion, and domestic innovation [10][12] - Turning points: Education IT, cybersecurity, enterprise services - Stabilizing: Smart transportation, government IT, security, construction real estate IT - Slightly pressured: Industrial software, medical IT [10][12] Market Performance Review - From July 7 to July 11, 2025, the computer industry index (Shenwan) rose by 3.22%, outperforming the CSI 300 index by 2.40 percentage points, ranking 6th among 31 Shenwan first-level industry indices [13] Upcoming Key Events - The report highlights upcoming events such as the second AI glasses industry innovation application summit and the 2025 World Artificial Intelligence Conference, suggesting that investors pay attention to related industry chain opportunities [25][26]

证券代码：301302 证券简称：华如科技 公告编号：2025-037 北京华如科技股份有限公司 2025 年第一次临时股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 特别提示： 1、本次股东会未出现否决议案的情形。 2、本次股东会未涉及变更以往股东会已通过决议的情况。 一、会议召开和出席的情况 （一）会议召开情况 1、会议召开时间：2025 年 7 月 10 日（星期四）14:30。 2、网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间 为：2025 年 7 月 10 日 9:15 至 9:25，9:30 至 11:30，13:00 至 15:00；通过深圳 证券交易所互联网投票系统投票的具体时间为：2025 年 7 月 10 日 9:15 至 15:00 期间的任意时间。 3、会议召开方式：本次股东会以现场表决和网络投票相结合的方式进行。 4、会议召开地点：北京市海淀区西北旺东路 10 号院东区 14 号楼君正大厦 B 座公司大会议室。 5、召集人：北京华如科技股份有限公司（以下简称"公 ...

法律意见书 北京中银律师事务所 关于北京华如科技股份有限公司 2025 年第一次临时股东会 之 洪德 中银意 中银律师事务所 ZHONG YIN LAW FIRM 中国·北京·朝阳区金和东路正大中心 2 号楼 11-12 层 电话:(8610) 65876666 传真:(8610) 6587666-6 二〇二五年七月 法律意见书 北京中银律师事务所 关于北京华如科技股份有限公司 2025 年第一次临时股东会 之 法律意见书 致:北京华如科技股份有限公司 北京中银律师事务所(以下简称"本所")接受北京华如科技股份有限公司 (以下简称"公司")的委托,指派本所律师出席公司 2025年第一次临时股东会 (以下简称"本次股东会"或"本次会议"),对本次股东会进行见证并出具法律 意见书。 本所律师依据《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》)《上市公司股东会规则》等法律、法规、 规范性文件以及《北京华如科技股份有限公司章程》(以下简称《公司章程》)、 《北京华如科技股份有限公司股东会议事规则》(以下简称《股东会议事规则》) 的规定,就本次股东会的召集和召开程序、召集人 ...

证券代码：301302 证券简称：华如科技 公告编号：2025-038 北京华如科技股份有限公司 关于董事辞职暨选举职工董事的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、部分董事辞职情况 北京华如科技股份有限公司（以下简称"公司"）董事会于 2025 年 7 月 10 日收到公司非独立董事刘建湘先生递交的书面辞职报告。因公司内部工作调整， 刘建湘先生申请辞去公司第五届董事会非独立董事职务。刘建湘先生辞职后将继 续在公司担任其他相关职务。刘建湘先生的辞职不会导致公司董事会成员低于法 定最低人数。 截至书面辞职报告递交日，刘建湘先生通过南京华如志远创业投资合伙企业 （有限合伙）间接持有公司股份 1,800,000 股，占公司股份总数的 1.15%。根据 《中华人民共和国公司法》（以下简称"《公司法》"）及《公司章程》的有关 规定，刘建湘先生的辞职报告自送达董事会时生效。 二、补选职工董事的情况 根据《公司法》《深圳证券交易所创业板股票上市规则》《深圳证券交易所 上市公司自律监管指引第 2 号——创业板上市公司规 ...

Core Viewpoint - Huaru Technology has been placed on the military procurement suspension list due to collusion in bidding, which is expected to impact its operations in the short term [1][2]. Group 1: Company Announcements - Huaru Technology announced on July 7 that it has been suspended from participating in air force procurement activities starting from July 4, 2025, due to collusion in bidding [1]. - This marks the third time Huaru Technology has been named for violations by the military procurement network [1]. - The company is taking the matter seriously and is preparing an appeal while also committing to improve its internal control systems [1]. Group 2: Financial Information - Huaru Technology was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on June 23, 2022, with an issuance of 26.37 million shares at a price of 52.03 yuan per share [2]. - The total funds raised from the initial public offering amounted to 1.372 billion yuan, with a net amount of 1.275 billion yuan, exceeding the original plan by 475 million yuan [2]. - The funds were intended for various projects, including a new generation combat system and a collaborative design and simulation testing platform [2]. Group 3: Stock Performance - Huaru Technology's stock is currently in a state of decline, having broken its initial offering price [2]. - The company announced a stock split of 10 shares for every 5 shares held, with a record date of May 31, 2023 [3].

Group 1: Company Performance - Wanwei High-tech expects a net profit of 235 million to 265 million yuan for the first half of 2025, representing a year-on-year increase of 81.34% to 104.48% [1] - Jin Guan Electric has won bids for projects from Southern Power Grid and Guangxi Power Grid, with a total bid amount of approximately 42.81 million yuan, accounting for 5.76% of the company's 2024 revenue [2] - Ankai Bus reported a June vehicle sales increase of 37.88% year-on-year, with a total production of 814 vehicles, a 52.23% increase [4] - Daqin Railway's June cargo transport volume increased by 5.29% year-on-year, totaling 32.42 million tons [5] - Xianggang Technology anticipates a net profit of 75 million to 85 million yuan for the first half of 2025, a year-on-year increase of 410% to 478% [9] - Longxin General expects a net profit of 1.005 billion to 1.12 billion yuan for the first half of 2025, a year-on-year increase of 70.52% to 90.03% [10] - Le Xin Technology forecasts a net profit of 250 million to 270 million yuan for the first half of 2025, a year-on-year increase of 65% to 78% [11] - I-Le Furniture expects a net profit of 80 million to 99 million yuan for the first half of 2025, a year-on-year increase of 76.08% to 117.90% [13] - Shennong Group sold 219,000 pigs in June, generating sales revenue of 385 million yuan [14] - Guohuo Airlines anticipates a net profit of 1.187 billion to 1.267 billion yuan for the first half of 2025, a year-on-year increase of 78.13% to 90.14% [45] Group 2: Industry Developments - The electric power equipment industry is seeing increased project bids, as evidenced by Jin Guan Electric's recent contracts [2] - The automotive industry is experiencing growth, with Ankai Bus reporting significant increases in both production and sales [4] - The railway transportation sector is showing resilience with Daqin Railway's cargo transport volume growth [5] - The pharmaceutical industry is advancing with clinical trial approvals, such as Wanbang's WP107 oral solution for treating myasthenia gravis [6] - The packaging and printing industry is witnessing substantial profit growth, as indicated by Xianggang Technology's performance forecast [9] - The agricultural sector, particularly in pig farming, is maintaining steady sales figures, as shown by Shennong Group's sales data [14]

Group 1 - The military electronics sector experienced a decline at the beginning of trading, with Huaru Technology (301302) and Yaguang Technology (300123) dropping over 10% [1] - Tianjian Technology (002977) fell by more than 8%, while Qiyi Er (603712), Shaanxi Huada (301517), and Leike Defense (002413) also saw declines [1]