Group 1 - The core point of the article is that Hongjing Technology (SZ 301396) announced a share pledge by its controlling shareholder, Ouyang Hua, involving approximately 13.18 million shares, which represents 23.74% of his total holdings [1] - As of the announcement date, the total market capitalization of Hongjing Technology is 9.2 billion yuan [1] - The revenue composition for Hongjing Technology for the first half of 2025 indicates that integrated computing equipment services account for 91.28% of total revenue, while smart city business contributes 8.72% [1]

证券代码：301396 证券简称：宏景科技 公告编号：2025-098 宏景科技股份有限公司 关于控股股东部分股份质押的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 宏景科技股份有限公司（以下简称"公司"）于近日接到公司控股股东欧阳 华先生通知，获悉欧阳华先生将持有本公司部分股份办理质押业务，现将有关事 项公告如下： | | 是否为控 股股东或 | | | 占公司 | 是否为限 售股（如 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名 | | 本次质押 | 占其所持 | | | 是否为 | 质押 | 质押 | 质权 | 质押 | | 称 | 第一大股 | 数量（股） | 股份比例 | 总股本 | 是，注明 | 补充质押 | 起始 | 到期 | 人 | 用途 | | | 东及其一 | | | 比例 | 限售类 | | 日 | 日 | | | | | 致行动人 | | | | 型） | | | | | | | | | | | | | | | ...

证券代码：301396 证券简称：宏景科技 公告编号：2025-097 宏景科技股份有限公司 关于对外担保的进展公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、担保情况概述 债权人：山铁数字科技（上海）有限公司 保证人：宏景科技股份有限公司、欧阳华 被保证人：深圳宏景纵横科技有限公司 保证方式：连带责任保证 担保债权金额：人民币柒亿伍仟万元整 担保范围：保证担保的范围包括主债权及利息、债务人应支付的违约金（包 括罚金）和损害赔偿金以及实现债权的费用（包括诉讼费、律师费等）。 宏景科技股份有限公司（以下简称"公司"）于2025年7月24日召开第四届 董事会第八次会议、第四届监事会第八次会议、2025年8月13日召开2025年第二 次临时股东大会，审议通过了《关于增加2025年度担保额度及担保对象的议案》， 同意公司为控股子公司深圳宏景纵横科技有限公司（以下简称"宏景纵横"）提 供不超过人民币500,000万元的担保额度，用于宏景纵横向银行及其他金融机构 申请综合授信（包括但不限于办理银行承兑汇票、银行保函、流动资金贷款等各 种银行业务）及日常经营（包括但不限 ...

Core Insights - The report emphasizes that computational power is accumulating, leading to significant advancements in applications, particularly in AI, with a projected 10% impact point approaching in 2026 [3] - Institutional holdings in the computer sector are at a historical low of 2.4%, indicating potential for growth in valuations [3][21] - The report identifies three key focus areas for 2026: large models, computational power, and applications, all showing significant changes and accelerated iterations [3] Group 1: Market Overview - The computer index has shown a year-to-date increase of 18%, ranking 12th among all sectors, with AI computing, embodied intelligence, and AI applications as the main themes [9][10] - The report notes a basic performance turning point, with net profit rebounding and a stable overall performance expected for 2025 [10][13] Group 2: Valuation and Holdings - The report indicates that the computer sector's valuation is at a historical mid-to-high level, with PE (TTM) at 85.4, PS (TTM) at 3.6, and PCF (TTM) at 46.6 [18] - The report highlights that the computer sector's fund allocation is at a historical low, with a 2.4% allocation in Q3 2025 [21] Group 3: AI Model Developments - The report discusses the rapid narrowing of the performance gap between Chinese and American large models, with significant advancements in commercial applications expected [3][26] - It highlights the emergence of various large models in 2025, focusing on monetization, AI programming, and multi-modal capabilities [26][29] Group 4: Key Companies and Trends - The report identifies key companies in the computer sector, such as Zhongke Shuguang and Inspur Information, which have seen significant increases in their market values due to rising domestic computational capacity [23] - The report notes that the demand for AI applications is driving growth in various sectors, with companies like Alibaba and ByteDance leading in AI-related job creation [40]

Group 1 - The core viewpoint of the news highlights the recent stock performance and trading activity of Hongjing Technology, indicating a decline in stock price and significant trading volume [1] - Hongjing Technology's stock price has increased by 222.97% year-to-date, with a recent 7.00% rise over the last five trading days, but has seen a decline of 10.08% over the last 20 days and 15.63% over the last 60 days [1] - The company has appeared on the "龙虎榜" (a trading board for stocks with significant trading activity) 25 times this year, with the most recent appearance on August 28, where it recorded a net buy of -135 million yuan [1] Group 2 - Hongjing Technology, established on March 7, 1997, and listed on November 11, 2022, operates in the fields of smart city solutions, focusing on areas such as smart healthcare, education, and community management [2] - The company's revenue composition shows that 91.28% comes from computing services, while 8.72% is from smart city business [2] - As of November 20, 2023, the number of shareholders has increased to 28,300, with an average of 2,685 circulating shares per person [2] Group 3 - Since its A-share listing, Hongjing Technology has distributed a total of 57.02 million yuan in dividends [3] - As of September 30, 2025, Hongkong Central Clearing Limited is the fourth largest circulating shareholder, holding 1.3893 million shares as a new shareholder [3] - Notably, two funds, Yongying Digital Economy Mixed Fund and GF Technology Innovation Mixed Fund, have exited the list of the top ten circulating shareholders [3]

Core Viewpoint - The medical information technology sector experienced a rise of 1.48% on November 24, with Hengyin Technology leading the gains [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1] - Hengyin Technology saw a closing price of 12.36, with a significant increase of 9.96% and a trading volume of 403,100 shares, amounting to a transaction value of 485 million [1] - Other notable performers included: - Jiao Dian Technology: closed at 48.30, up 9.20% with a transaction value of 1.053 billion [1] - Sichuang Medical: closed at 4.88, up 8.20% with a transaction value of 1.11 billion [1] - Hongjing Technology: closed at 63.49, up 8.16% with a transaction value of 740 million [1] Group 2: Capital Flow - The medical information technology sector saw a net inflow of 19.8573 million from institutional investors, while retail investors contributed a net inflow of 466.1 million [2] - Notable capital flows included: - Jiao Dian Technology: institutional net inflow of 2.32 billion, retail net outflow of 971.479 million [3] - Jishi Media: institutional net inflow of 172 million, retail net outflow of 1.96 billion [3] - Hengyin Technology: institutional net inflow of 1.62 billion, retail net outflow of 898.739 million [3]

Core Viewpoint - The A-share market has seen a significant rally in AI-related stocks, indicating strong investor interest and potential growth in this sector [1] Group 1: Stock Performance - BlueFocus and Pinggao Group reached the daily limit up of 20% [1] - Guomai Technology, 360 Security Technology, and Shida Group hit the daily limit up of 10% [1] - Hongjing Technology increased by over 8% [1] - Insai Group, Kaile Shares, Tianxiao, and Hand Information rose by more than 7% [1] - Zhejiang Wenhu Internet and Focus Technology gained over 6% [1]

Group 1 - The core viewpoint of the news is that Hongjing Technology has shown significant stock performance and financial growth, with a notable increase in share price and revenue in recent periods [1][2]. - As of November 20, Hongjing Technology's stock price increased by 2.01% to 61.49 CNY per share, with a total market capitalization of 9.44 billion CNY [1]. - The company has experienced a year-to-date stock price increase of 207.90%, although it has seen a decline of 4.53% in the last five trading days [1]. Group 2 - Hongjing Technology, established on March 7, 1997, focuses on providing smart city solutions across three main areas: smart healthcare, urban management, and smart parks, with a revenue composition of 91.28% from computing services and 8.72% from smart city business [2]. - For the period from January to September 2025, the company reported a revenue of 1.55 billion CNY, reflecting a year-on-year growth of 595.49%, and a net profit of 108 million CNY, up 448.91% year-on-year [2]. - As of November 10, the number of shareholders decreased by 15.75% to 27,800, while the average number of circulating shares per person increased by 18.70% to 2,737 shares [2]. Group 3 - Since its A-share listing, Hongjing Technology has distributed a total of 57.02 million CNY in dividends [3]. - As of September 30, 2025, Hongjing Technology's fourth-largest circulating shareholder is Hong Kong Central Clearing Limited, which holds 1.3893 million shares as a new shareholder [3]. - Notably, two funds, Yongying Digital Economy Selected Mixed Fund and GF Technology Innovation Mixed Fund, have exited the list of the top ten circulating shareholders [3].

（文章来源：证券日报） 证券日报网讯宏景科技11月17日在互动平台回答投资者提问时表示，截至2025年11月10日，公司持有人 总户数为27，790户。 ...

Core Viewpoint - The company, Hongjing Technology, confirmed that its computing power project is progressing normally as per the project timeline [1] Group 1 - The company is actively engaging with stakeholders through its interactive platform [1] - The announcement indicates a positive outlook on the company's project execution [1]