Core Viewpoint - Huaru Technology (301302) announced a share buyback plan, indicating a commitment to enhancing shareholder value through the repurchase of shares [1] Group 1 - As of July 31, 2025, the company has repurchased a total of 1,800,000 shares [1] - The repurchased shares account for 1.15% of the company's current share capital [1]

Group 1 - The company Huaru Technology (301302.SZ) announced a share buyback program, having repurchased a total of 1,800,000 shares, which represents 1.15% of its current share capital [1] - The highest transaction price during the buyback was 24.50 CNY per share, while the lowest was 19.38 CNY per share [1] - The total amount spent on the buyback was 38,294,174 CNY, excluding transaction fees [1] Group 2 - The buyback is in compliance with the company's established share repurchase plan and relevant laws and regulations [1]

证券代码：301302 证券简称：华如科技 公告编号：2025-039 北京华如科技股份有限公司 关于股份回购进展情况公告 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。 北京华如科技股份有限公司（以下简称"公司"）于 2024 年 10 月 24 日召 开第五届董事会第七次会议，审议通过了《关于回购公司股份方案的议案》， 同意公司使用自有资金以集中竞价交易方式回购部分公司股份，用于实施股权 激励计划或员工持股计划。本次回购的资金总额不低于人民币 2,000 万元（含） 且不超过人民币 4,000 万元（含），回购价格不超过人民币 26.00 元/股（含）。 按本次回购资金总额上限人民币 4,000 万元，回购股份价格上限 26.00 元/股进 行测算，预计可回购股份数量为 1,538,461 股，约占公司当前总股本的 0.99%； 按本次回购资金总额下限人民币 2,000 万元，回购股份价格上限 26.00 元/股进 行测算，预计可回购股份数量为 769,231 股，约占公司当前总股本的 0.49%， 具体回购股份的金 ...

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 ...