顺灏股份：股票交易异常波动

Core Viewpoint - The stock of Shunhao Co., Ltd. experienced an abnormal fluctuation, with a cumulative closing price increase of over 20% during three consecutive trading days from December 3 to December 5, 2025, prompting a self-examination by the company's board of directors [1] Group 1: Stock Performance and Company Response - The company confirmed that there were no corrections or supplements needed for previously disclosed information and that the operating conditions remain normal without significant changes in the internal or external environment [1] - The company noted that the major shareholders and their concerted actions did not trade the company's stock during the abnormal fluctuation period [1] - The stock price increased by 48.19% from December 1 to December 5, 2025, leading the company to remind investors of the risks associated with secondary market trading [1] Group 2: Business Operations and Investments - Shunhao Co., Ltd. invested 110 million yuan in Beijing Treadlight Technology Co., Ltd., holding a 19.30% stake, which focuses on satellite launch and space data center construction [1] - The existing business does not yet have a synergistic effect with Treadlight, and its operations are subject to macroeconomic and industry policy influences, with potential risks related to the long industrialization and commercialization cycle [1] - The "Tianshutian Calculation" business is expected to have clear commercial value within the next five years, while the "Dizhutian Calculation" business is anticipated to gradually gain market competitiveness over the next 5 to 10 years, but these developments are not expected to significantly impact the company's operating performance in 2025 [1]