向特定对象发行 A 股股票预案（修订稿）披露的 证券代码：301396 证券简称：宏景科技 公告编号：2025-091 宏景科技股份有限公司关于 2025 年度 提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、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董事会 2025 年 10 月 22 日 宏景科技股份有限公司（以下简称"公司"）于 2025 年 10 月 22 日召开第 四届董事会第十二次会议，审议通过了《关于公司 2025 年度向特定对象发行 A 股股票预案（修订稿）的议案》等相关议案。《宏景科技股份有限公司 2025 年 度向特定对象发行 A 股股票预案（修订稿）》等相关公告已于 2025 年 10 月 22 日刊登在巨潮资讯网（http://www.cninfo.com.cn），敬请广大投资者注意查阅。 公司本次向特定对象发行 A 股股票预案等相关公告披露事项不代表审核、 注册部门对于本次发行相关事项的实质性判断、确认、批准或注册，公司本次向 特定对象发行 A 股股票相关事项的生效和完成尚需深圳证券交易所审核通过并 经中国证券监督管理委员会同意注册后方可实施。 ...

证券代码：301396 证券简称：宏景科技 公告编号：2025-090 宏景科技股份有限公司 关于修订 2025 年度向特定对象发行 A 股股票 | 文件 | 章节 | 修订情况 | | --- | --- | --- | | | 封面 | 补充修订稿字样，更新披露时间 | | | 特别提示、第 | 将本次向特定对象发行股票拟募集资金 | | | 一节、第二节、 | 总 额 （ 含 发 行 费 用 ） 不 超 过 人 民 币 | | | | " 万 元 "（ 含 本 数 ） 改 为 135,369.88 | | | 第六节 | | | | | "128,994.60 万元"（含本数）。 | | | | 将"智能算力集群建设及运营项目"的 | | | 特别提示、第 | 总投资金额改为 98,994.60 万元；"智能 | | | 一节、第二节 | 算力集群建设及运营项目"的募集资金 | | 《宏景科技股份有限公司 2025 | | | | 年度向特定对象发行 A 股股票 | | 拟投入金额改为 万元。 98,994.60 | | 预案》 | | 将"本次向特定对象发行股票的相关事 | | | | 项已经公司第四 ...

证券代码：301396 证券简称：宏景科技 公告编号：2025-088 2025 年 10 月 一、本次募集资金的使用计划 宏景科技股份有限公司 GloryView Technology Co., Ltd. （广州市黄埔区映日路 111 号） 2025 年向特定对象发行 A 股股票 募集资金使用可行性分析报告 （修订稿） 本次向特定对象发行 A 股股票（以下简称"本次发行"）募集资金总额不 超过人民币 128,994.60 万元，扣除发行费用后募集资金净额拟投资于以下项目： 如本次发行实际募集资金（扣除发行费用后）少于拟投入募集资金总额， 公司董事会将根据募集资金用途的重要性和紧迫性安排募集资金的具体使用， 不足部分将通过自有资金等自筹方式解决。在本次向特定对象发行股票募集资 金到位之前，如公司以自有资金先行投入上述项目建设，公司将在募集资金到 位后按照相关法律、法规规定的程序予以置换。在最终确定的本次募投项目范 围内，公司董事会可根据项目的实际需求，对上述项目的募集资金投入顺序和 金额进行适当调整。 二、本次募集资金投资项目的实施背景 （一）产业政策大力支持人工智能产业发展，"人工智能+"再加速 人工智能作 ...

证券代码：301396 证券简称：宏景科技 公告编号：2025-089 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 根据《国务院办公厅关于进一步加强资本市场中小投资者合法权益保护工作 的意见》（国办发〔2013〕110 号）、《关于加强监管防范风险推动资本市场高 质量发展的若干意见》（国发〔2024〕10 号）以及中国证监会发布的《关于首 发及再融资、重大资产重组摊薄即期回报有关事项的指导意见》（证监会公告 〔2015〕31 号）等规定的相关要求，为保障中小投资者利益，公司就本次向特 定对象发行股票对即期回报摊薄的影响进行了审慎、客观的分析，并提出了具体 的填补回报措施，相关主体也对公司填补回报措施能够得到切实履行作出了承诺， 具体情况如下： 一、本次向特定对象发行摊薄即期回报对公司主要财务指标的影响 （一）测算假设及前提条件 以下假设仅为测算本次向特定对象发行股票摊薄即期回报对公司主要财务 指标的影响，不代表对公司 2025 年度和 2026 年度经营情况及趋势的判断，亦不 构成盈利预测。投资者据此进行投资决策造成损失的，公司不承担赔偿责任。 1、假设宏 ...

Core Viewpoint - The company confirmed that its computing power projects are progressing normally and are on track for delivery and execution this year [2] Group 1 - Investors inquired about the normal delivery and execution of computing power orders for the current year [2] - The company stated that its computing power projects are being carried out according to the project schedule [2] - There is a focus on whether the company's future computing power supply will meet market demand [2]

Core Viewpoint - Hainan Huatie (603300) has seen its stock price surge over 200% due to its foray into the computing power service industry, but the recent cancellation of a significant 3.69 billion yuan contract has led to a sharp decline in its stock price, causing investor shock and market turmoil [1][2][10] Group 1: Contract Cancellation - Hainan Huatie announced the termination of a 3.69 billion yuan computing power service agreement with Hangzhou X Company, which accounted for over half of its publicly disclosed computing power orders [1][2] - The company cited significant changes in market conditions and supply-demand dynamics since the contract was signed, and noted that no purchase orders or deposits had been received during the six months leading up to the cancellation [2][8] - The abrupt cancellation resulted in two consecutive trading days of "limit down" for the company's stock, reflecting investor panic and uncertainty [2][10] Group 2: Financial Impact - Prior to the cancellation, the contract was expected to generate approximately 700 million yuan in annual revenue, significantly enhancing the company's profitability and market competitiveness [2][6] - Despite signing contracts worth over 10 billion yuan in computing power services, the reported revenue from this segment has been minimal, with only 12.01 million yuan recorded in 2024 [6][7] Group 3: Market Reaction and Investor Sentiment - Following the announcement, investors flooded interactive platforms with questions regarding the legitimacy of the contract and the identity of Hangzhou X Company, reflecting a lack of transparency from Hainan Huatie [3][4] - The stock's decline has raised concerns among investors, especially given the company's previous strong performance and the significant increase in institutional holdings [3][10] Group 4: Industry Context - Hainan Huatie's entry into the computing power sector is part of a broader trend, with the demand for computing power in China growing rapidly, evidenced by a 20.6% year-on-year increase in general computing power scale [7][8] - The computing power service market remains robust, with other companies reporting normal contract fulfillment despite Hainan Huatie's issues, indicating that the cancellation may not reflect a broader industry downturn [7][8] Group 5: Company Background and Ownership Changes - Hainan Huatie transitioned from a construction equipment rental business to the computing power sector over a year ago, establishing a new growth trajectory [4][5] - The company underwent a change in ownership in May 2024, with the current controlling shareholder being a state-owned investment entity, which has not positively impacted the stock price despite the recent surge in the computing power segment [10][11]

2、自本次分配方案披露至本公告日，公司股本总额未发生变化。 3、本次实施的权益分派方案与公司 2025 年第三次临时股东大会审议通过 的分配方案一致。 4、本次权益分派实施方案距离股东大会审议通过的时间未超过两个月。 证券代码：301396 证券简称：宏景科技 公告编号：2025-083 宏景科技股份有限公司 2025 年半年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、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"或"本公司"）2025年半年度权益分 派方案已获2025年9月4日召开的2025年第三次临时股东大会审议通过。现将权益 分派事宜公告如下： 一、股东大会审议通过权益分派方案情况 1、公司于 2025 年 9 月 4 日召开的 2025 年第三次临时股东大会审议通过 2025 年半年度权益分派方案，2025 年半年度权益分派方案的具体内容为：以总 股本 153,517,547 股为基数，向全体股东每 10 股派发现金红利 0.50 元（含税）， 共计派发现金红利 7,675,877.35 元（含税）。本次利润分配不以资本公积转增股 本， ...

Core Insights - The company has successfully transformed into an AI computing service provider, with its computing leasing business rapidly growing and surpassing traditional business revenue contributions, becoming a core growth engine [1][2] - The company has established solid partnerships with leading firms like JD.com and is proactively developing its "Hongjing Computing Cloud" and overseas strategies, leveraging a base of over 9,000 heterogeneous GPU clusters to create a dual-driven business model [1] - The company has achieved a significant turning point in performance, with revenue growth exceeding 567% year-on-year in the first half of 2025, marking a return to profitability and demonstrating strong business resilience and growth potential [1][3] Industry Dynamics - The trend of Chinese internet giants expanding overseas has opened a blue ocean market, driven by both domestic AI capabilities catching up to global standards and increasing local AI application demands in overseas markets [1] - Domestic cloud providers are accelerating global infrastructure deployment to meet the needs of Chinese enterprises going abroad and local AI demands, with the company actively implementing its computing overseas strategy [2] - The company is positioned as a key partner in the cloud export ecosystem, leveraging its computing optimization, networking technology, and supply chain integration capabilities to benefit from the ongoing expansion of internet giants into international markets [3] Financial Projections - Revenue projections for the company from 2025 to 2027 are estimated at 2.217 billion, 3.236 billion, and 4.466 billion yuan, with net profits of 209 million, 492 million, and 803 million yuan respectively [3] - The company is expected to maintain a strong market position, with a projected price-to-earnings ratio of 58, 25, and 15 times for the respective years [3]

Core Viewpoint - The global panel market experienced a price stabilization in Q3 2025, with TV panel prices halting their decline, while monitor and laptop panel prices remained stable. This stability was influenced by manufacturers' capacity control strategies and brand preparations for the year-end sales season, although uncertainties remain for Q4 due to ongoing supply-demand dynamics [2][18]. TV Panels - The TV panel market reversed its previous downward trend in Q3, driven by seasonal stocking demands from brands for the year-end promotional season [3][14]. - In July, demand was weak, leading to price declines for various sizes of TV panels, with 32-inch and 43-inch panels dropping by $1, 50-inch and 55-inch by $2, and 65-inch and 75-inch by $3 [5][6]. - By August, demand increased as brands began stocking for promotions, resulting in stable prices across all sizes of TV panels [6][8]. - September saw continued price stability, supported by brand stocking activities and manufacturers planning production cuts for October to address potential demand slowdowns [8][14]. Monitor Panels - Unlike TV panels, monitor panel prices remained stable throughout Q3, despite a slight 4.7% decrease in demand [8][9]. - The lack of price decline was attributed to manufacturers' reluctance to lower prices due to existing losses on mainstream monitor panel sizes, leading to reduced supply to support price stability [9][14]. - Both brands and manufacturers reached a consensus to maintain price stability, avoiding strong demands for price reductions [9][14]. Laptop Panels - The laptop panel market showed strong demand in Q3, with a 5.1% increase in demand compared to the previous quarter, but prices remained stable [10][12]. - The stability in prices was primarily due to competition among manufacturers, who avoided price increases to maintain customer relationships and market share [12][13]. - Manufacturers anticipated a potential demand decline in Q4, leading them to prefer price stability to solidify customer relations [13][14]. Key Factors Influencing Price Trends - The primary demand driver in Q3 was the seasonal stocking by brands for year-end promotions, which helped stabilize TV panel prices [14][15]. - Manufacturers' capacity control strategies, including production adjustments and planned reductions, played a crucial role in preventing further price declines [14][15]. - Competitive dynamics in the laptop panel market limited price increases despite strong demand, as manufacturers focused on maintaining long-term customer relationships [15][18]. Outlook for Q4 - The price stability achieved in Q3 is expected to face challenges in Q4, with anticipated declines in procurement momentum for TV panels as brands complete their stocking [16][18]. - Manufacturers plan to reduce production rates in October, which may impact price stability for TV panels [16][18]. - The monitor panel market may see continued price stability for mainstream sizes, but higher-end models could face downward price pressure [16][18]. - There is a high risk of price declines for laptop panels in Q4, as demand is expected to weaken, shifting bargaining power towards brand customers [17][18].

Group 1: AI Technology Integration - AI technology is deeply integrated into various industries such as manufacturing, healthcare, and education, accelerating its entry into production lines and daily life, becoming a crucial support for the development of new productive forces [1][5] Group 2: Company Developments - Fulin Precision (富临精工) announced a significant investment in its subsidiary Jiangxi Shenghua New Materials, with Fulin investing 1 billion yuan and CATL investing 2.56 billion yuan to enhance their strategic partnership [1] - Following this announcement, Fulin Precision's stock surged, reaching a new high since 2022, with a market capitalization approaching 38 billion yuan [1] Group 3: AppLovin Performance - AppLovin, a leading AI application company, saw its stock price rise by 6.34% to a record high of $712.36 per share, with a year-to-date increase of 119.98%, bringing its market capitalization to approximately $240.96 billion [3] - Analysts from Oppenheimer and UBS have significantly raised AppLovin's target price, reflecting confidence in its non-gaming advertising business and long-term growth potential [3][4] Group 4: AI Application Stocks - A report indicated that 14 AI application concept stocks in the A-share market have doubled in value this year, with notable performers including Siquan New Materials, Kaipu Cloud, and Hongjing Technology [6][8] - Siquan New Materials has seen a staggering increase of 424.96% this year, focusing on thermal management products for emerging industries [8] Group 5: Future Growth Potential - A total of 43 AI application concept stocks are expected to have a net profit growth rate exceeding 20% in the next two years, with 21 stocks showing an upside potential of over 13% based on the latest closing prices [9][10] - Newguodu is highlighted as having the highest upside potential at 40.16%, driven by its expansion into various industry clients and AI business layout [10]