证券日报网讯汉桑科技（301491）8月18日在互动平台回答投资者提问时表示，公司长期坚持传统领域 深挖和新领域探索并举，不断尝试将音频领域核心技术与音频内容、人工智能、云计算等领域技术相结 合，在家庭娱乐、智慧商用、智慧教育、健康医疗、智慧环境改善、智能家居、车载音频等应用场景研 发推出智能硬件产品和系统解决方案。长期以来公司围绕核心技术和前瞻性的市场需求，利用自身研发 优势不断丰富平台产品线，进而满足了行业内不同品牌商多样化的产品需求。 ...

证券日报网讯汉桑科技（301491）8月18日在互动平台回答投资者提问时表示，公司高度重视市值与内 在价值的匹配，始终通过规范运作、提升经营质效、强化投资者沟通等方式维护股东权益。目前主要工 作聚焦于：夯实主业竞争力、优化信息披露，市值受多重因素影响，公司将持续做好基本面管理，为投 资者创造长期价值。 ...

Core Viewpoint - Hansun Technology (301491.SZ) announced that its Toniebox product currently does not support Chat GPT, but it utilizes advanced voice interaction and control technologies compatible with major AI systems [1] Company Summary - The company employs microphone arrays, voice wake-up, voice recognition, and natural language processing technologies to provide a human-like interaction control experience [1] - The second-generation Toniebox product has completed development and is in mass production, with an expected increase in annual shipment volume [1]

Core Viewpoint - HANSAN Technology (301491.SZ) is focusing on the development of smart audio and AIoT new technology and product platforms, which will involve the acquisition of R&D equipment and recruitment of personnel for various technological advancements [1] Group 1: Project Details - The company’s fundraising project includes research and development in hardware, software, and intelligent systems [1] - Specific areas of research include the application of large language model AI technology in audio products, a one-stop data analysis platform for brand clients, AVoIP technology research, and a PLC high-stability wireless smart audio system [1] Group 2: Partnerships - Currently, the company has no collaborations with deepseek, Alibaba, or Zhiyu AI artificial intelligence enterprises [1]

Group 1 - The company stated that its Toniebox product currently does not support integration with Chat GPT, but it is compatible with major voice interaction and AI systems such as Alexa, Google Assistant, and iFlytek, providing a human-like interaction experience [2] - The second generation of the Toniebox product has completed development and is in mass production, with expectations for continued growth in annual shipment volume [2]

Group 1 - The company HanSang Technology (301491.SZ) has confirmed its main client for innovative audio and AIoT smart products is Tonies GmbH [2] - Toniebox is a popular product in Europe and the United States, likened to a children's version of Pop Mart [2] - The interaction indicates a growing interest in the collaboration between HanSang Technology and Tonies [2]

Core Viewpoint - The company relies heavily on overseas markets for revenue, with domestic income accounting for only about 2% of total revenue, which poses multiple potential risks such as customer concentration, trade policies, and exchange rate fluctuations [1] Group 1: Company Strategy - The company plans to enhance its modern enterprise system and optimize its governance structure to improve operational efficiency and reduce risks and costs [1] - The company aims for high-speed growth through a "1+2+3+4" development strategy, focusing on audio as the main business line and driving innovation through technology and product development [1] - The company will invest in research and development to ensure continuous upgrades in high-performance audio signal processing, transmission technologies, and smart audio systems, while also deepening research in artificial intelligence applications [1] Group 2: Market Development - The company intends to strengthen its domestic market presence, creating a dual-engine development model alongside its overseas market [1] - The company will enhance its competitive advantage across the entire audio technology chain by developing three main business areas: audio IoT modules, ODM audio systems, and smart audio-visual systems [1] Group 3: Product Innovation - The company emphasizes product innovation and aims to expand its application fields for products and system solutions, targeting new growth areas [1] - The company will focus on four key segments: home audio products, commercial audio products, personal audio products, and automotive audio products [1]

Core Viewpoint - The recent performance of Hansang Technology's stock highlights the volatility and risks associated with newly listed stocks, with significant losses experienced by investors shortly after the IPO. Group 1: Stock Performance - Hansang Technology issued 32.25 million shares at an initial price of 28.91 CNY per share, opening at 91.5 CNY on the first day, a 216.5% increase from the issue price [3] - The stock peaked at 110 CNY, representing a maximum gain of 280.49%, but closed the first day at 82.89 CNY, leading to immediate losses for many investors [3][6] - By the second trading day, the stock opened at 76.66 CNY, falling 7.52% and closing down 12.97% at 72.14 CNY [6] - The stock continued to decline, reaching 64.73 CNY on August 12 and 64.03 CNY on August 13, marking a significant drop from its initial high [6][10] Group 2: Investor Sentiment - Many investors expressed frustration and regret over their losses, feeling misled by the initial surge in stock price and subsequently becoming "bag holders" [9][12] - The rapid decline in stock price has led to a general reluctance among investors to engage with new IPOs in the future, reflecting a loss of confidence in the market [9][12] - The pattern of new stocks experiencing initial spikes followed by steep declines has become a concerning trend, with investors feeling trapped in their positions [12]

Group 1 - The core viewpoint of the article highlights that Hansang Technology's stock has seen a significant increase of 119.65% over the last 10 trading days, with a daily rise of 1.2% on August 15 [1] - The trading volume on August 15 was 236 million yuan, with a turnover rate of 13.78% [1] - The net inflow of main funds was 6.33 million yuan, accounting for 2.69% of the trading volume, while large orders experienced a net outflow of 967,200 yuan, representing 0.41% of the trading volume [1] Group 2 - Hansang Technology's main business focuses on high-end audio products and comprehensive audio technology solutions [1] - As of March 31, 2025, the company reported total operating revenue of 251 million yuan, a year-on-year decrease of 13.39%, and a net profit attributable to shareholders of 37.63 million yuan, down 15.18% year-on-year [1] - The company's liquidity ratios are 3.841 for the current ratio and 3.110 for the quick ratio, with a debt-to-asset ratio of 28.11% [1]

格隆汇8月14日丨汉桑科技(301491.SZ)在互动平台表示，公司目前无芯片研发，但在芯片技术领域，公 司在通用芯片应用方面积累了深厚的经验，基于各通用型芯片开发了各种功能模块，并应用于各种产品 中。此外，公司曾成功研发了具有语音交互、流媒体、物联网功能的 Mavid SIP 芯片，在此过程中，公 司积累了丰富的物联网和流媒体连接、信号传输等领域芯片相关开发经验，相关技术未来可应用于个人 穿戴领域音频等产品中。 ...