证券代码：920924 证券简称：广脉科技 公告编号：2025-146 （二） 委托理财金额和资金来源 公司及子公司拟使用自有闲置资金进行委托理财的投资额度为任一时点 最高余额不超过人民币 5,000 万元，在上述额度范围内，资金可以循环滚动使 用。 （三） 委托理财方式 1、 预计委托理财额度的情形 广脉科技股份有限公司 关于公司及子公司使用自有闲置资金进行委托理财的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 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 别及连带法律责任。 一、 委托理财概述 （一） 委托理财目的 广脉科技股份有限公司（以下简称"公司"）及子公司为充分利用自有闲 置资金，进一步提高资金使用效率，增加资金收益，在确保公司及子公司日常 流动资金需求和资金安全的前提下，拟使用自有闲置资金进行委托理财。 在确保公司及子公司日常流动资金需求和资金安全的前提下，公司及子公 司拟使用自有闲置资金进行委托理财的投资额度为任一时点最高余额不超过 人民币 5,000 万元，投资品种仅限于安全性高、流动性好的中低风险理财产品， 单笔理财期限不超过 12 个月。 ...

证券代码：920924 证券简称：广脉科技 公告编号：2025-147 广脉科技股份有限公司 关于召开 2026 年第一次临时股东会通知公告（提供网络投票） 本次股东会会议召开符合有关法律、行政法规、部门规章、规范性文件和 《公司章程》的规定。 （四）会议召开方式 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 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 别及连带法律责任。 一、会议召开基本情况 （一）股东会届次 本次会议为 2026 年第一次临时股东会。 （二）召集人 本次股东会的召集人为董事会。 （三）会议召开的合法合规性 本次会议采用现场投票和网络投票相结合方式召开。 公司同一股东只能选择现场投票、网络投票中的一种方式，如果同一表 决权出现重复投票表决的，以第一次投票表决结果为准。 （五）会议召开日期和时间 1、现场会议召开时间：2026 年 1 月 5 日 14:45。 1 2、网络投票起止时间：2026 年 1 月 4 日 15:00—2026 年 1 月 5 日 15:00。 登记在册的股东可通过中国证券登记结算有限责任公司（以下简称"中国结 算"）持有 ...

证券代码：920924 证券简称：广脉科技 公告编号：2025-144 广脉科技股份有限公司 第四届董事会第九次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 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 别及连带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 12 月 15 日 二、议案审议情况 （一）审议通过《关于 2026 年度向银行申请综合授信额度的议案》 1.议案内容： 2.会议召开地点：广脉科技股份有限公司会议室 3.会议召开方式：现场与通讯相结合方式 4.发出董事会会议通知的时间和方式：2025 年 12 月 12 日以书面方式发出 5.会议主持人：董事长赵国民先生 6.会议列席人员：公司高级管理人员 7.召开情况合法合规的说明： 会议召集、召开、议案审议程序等方面符合有关法律、行政法规、部门规 章、 规范性文件和《公司章程》的规定。 （二）会议出席情况 会议应出席董事 9 人，出席和授权出席董事 9 人。 董事赵明坚、薛安克因工作原因以通讯方式参与表决。 1 内容详见公司于 2025 年 12 月 ...

Core Viewpoint - The communication services sector experienced a decline of 0.23% on December 10, with online and offline services leading the drop, while the Shanghai Composite Index closed at 3900.5, also down by 0.23% [1]. Group 1: Market Performance - The Shenzhen Component Index rose by 0.29%, closing at 13316.42 [1]. - The communication services sector saw significant individual stock movements, with notable gainers including ChaoXun Communication (up 2.96% to 53.21) and GuangMai Technology (up 2.07% to 20.74) [1]. Group 2: Trading Volume and Value - ChaoXun Communication had a trading volume of 187,200 shares, with a transaction value of 983 million yuan [1]. - The total net outflow of main funds in the communication services sector was 532 million yuan, while retail investors saw a net inflow of 528 million yuan [2]. Group 3: Individual Stock Fund Flow - Sanwei Communication had a main fund net inflow of 39.22 million yuan, but also saw a net outflow from retail investors of 19.34 million yuan [3]. - Puyuan Technology experienced a main fund net inflow of 35.35 million yuan, with a significant net outflow from retail investors of 34.54 million yuan [3].

Group 1 - The core viewpoint emphasizes a strong focus on technology stocks, with the ChiNext 50 Index continuing to rise, indicating a bullish sentiment in the tech sector [1] - Various technology sub-sectors such as consumer electronics, electronic chemicals, and semiconductors have shown gains of over 1%, reflecting positive market trends [1] - A notable number of low market capitalization tech stocks have experienced significant price increases, with several stocks hitting the 20% daily limit up, indicating strong investor interest [1] Group 2 - Data indicates that there are 33 low market capitalization tech stocks with a predicted net profit growth rate exceeding 30% for the next two years, highlighting potential investment opportunities in this segment [2] - Among these, Guomai Culture has seen the largest decline, with its latest price down over 57% from its yearly high, suggesting a potential rebound opportunity [2] - The lowest market capitalization stock listed is Oputai, valued at under 1 billion, focusing on solar cell defect identification technology, which may benefit from the growing solar energy market [2] Group 3 - Companies like Delong Laser and Huamin Co. are projected to have net profit growth rates exceeding 100% in the coming years, indicating strong future growth potential [3] - Delong Laser specializes in high-end industrial laser processing equipment, while Huamin Co. focuses on photovoltaic new energy and advanced materials, both positioned to benefit from industry trends [3] - The MEMS chip manufacturer Minxin Co. has garnered attention from multiple institutions, indicating strong market interest and growth potential in the MEMS sector [3][5]

投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 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 担个别及连带法律责任。 一、 投资者关系活动类别 √特定对象调研 二、 投资者关系活动情况 活动时间：2025 年 11 月 24 日 活动地点：公司会议室 参会单位及人员：东北证券、甬兴证券、广东金能资本（排名不分先后） 上市公司接待人员：董事、副总经理、董事会秘书王欢 三、 投资者关系活动主要内容 证券代码：920924 证券简称：广脉科技 公告编号：2025-143 广脉科技股份有限公司 问题 2：公司算力业务的模式有哪些？ 回答：公司算力业务的模式涵盖算力基础设施建设、算力运营服务及垂类 AI 应用的全栈智算业务，形成算力业务生态闭环。在算力基建方面，公司承接 了如西湖大学 GPU 集群计算系统等项目。在算力运营方面，公司承接了广州 联通算力服务、浙江联通智算云一期智算服务租赁采购项目、中国移动（浙江） 创新研究院人工智能教学服务平台（高校版）等项目；算力运营服务项目为公 司自持资产，待项目验收后，公司将在合同服务期内持续向客户提供技术服务， 并分期 ...

Group 1: Liquid Cooling Technology - Over 50% of data center projects are expected to adopt liquid cooling technology by 2025[2] - The liquid cooling market is projected to reach approximately 218 billion yuan in China by 2025, with a growth rate of 67% from 2024[2][28] - The cold plate liquid cooling market is expected to account for about 65% of the total market, while immersion cooling and spray cooling will account for approximately 34% and 1%, respectively[20] Group 2: Industry Demand and Applications - The demand for liquid cooling in the supercomputing, internet, finance, and telecommunications sectors is anticipated to grow rapidly, with the internet sector expected to reach 24% of liquid-cooled data centers by 2025[22] - The financial sector is projected to account for 25% of liquid-cooled data centers, while telecommunications will represent 23%[22] Group 3: Market Performance and Valuation - The median price-to-earnings (P/E) ratio for the information technology sector on the North Exchange has decreased from 70.4X to 66.7X[43] - The median market capitalization for electronic device companies on the North Exchange has dropped from 25.1 billion yuan to 23.0 billion yuan[43][44] - The overall median stock price change for technology growth stocks on the North Exchange was -9.77% from November 17 to November 21, 2025[39] Group 4: Company Announcements - Haixi Communications signed a procurement contract worth 402 million yuan for a 400MW/800MWh energy storage system[2]

Fixed Income - The Federal Reserve's potential interest rate cut in December remains uncertain, with a 71% probability of a 25 basis point cut and a 29% chance of maintaining the current rate [2][7] - In October, broad funds significantly increased their holdings of interbank certificates of deposit, with a total bond custody scale rising by 1.31 trillion yuan to 176.8 trillion yuan [7] - The bond market is currently viewed positively, with expectations of a downward trend in bond yields [9] REITs - Recent performance of REITs has shown differentiation, with stable cash flow assets like consumer and rental housing outperforming others [10][11] - The average first-day increase for newly listed REITs in 2025 is 24.76%, significantly higher than previous years, but the expectation for single new issuance returns has decreased due to high subscription enthusiasm [13][14] - New data center REITs have performed well recently, with notable increases in their stock prices [14] Credit Analysis - Credit spreads have shown slight fluctuations, with most industry spreads remaining stable within 5 basis points [15][16] - The issuance rates for AA city investment bonds and industrial bonds have decreased significantly, falling within the range of 2.6% to 2.8% [16][18] - Investors are advised to pay attention to 3-5 year credit bonds and perpetual bonds due to their potential investment opportunities [18] Metals and New Materials - Copper prices are experiencing high volatility due to uncertainties surrounding the Federal Reserve's interest rate decisions, with a recent drop in prices [20][21] - Lithium prices have entered a new cycle of growth, with a significant increase in demand and a reduction in inventory levels [23] - Cobalt prices are expected to continue rising due to a tight supply situation, despite recent changes in export regulations from the Democratic Republic of the Congo [24] Technology and Data Centers - Over 50% of data center projects are expected to adopt liquid cooling technology by 2025, driven by increasing demand in sectors like internet and finance [26][27] - The Chinese liquid cooling server market is projected to exceed 20 billion yuan in 2025, reflecting a growth rate of 67% [27] - A total of 11 companies in the liquid cooling server supply chain have been identified, indicating a growing industry focus [27] Media and AI - Google's release of Gemini 3 marks a significant advancement in AI capabilities, integrating multi-modal understanding and enhancing user interaction [32][33] - Alibaba's AI application "Qianwen APP" quickly rose to the top of the App Store rankings, highlighting the competitive landscape in AI applications [33] - The AI narrative is evolving, with a focus on applications in education, e-commerce, and content production, suggesting a shift in industry dynamics [35]

Core Viewpoint - Guangmai Technology, based in Hangzhou, is a leading information and communication technology service provider and the first company listed on the Beijing Stock Exchange, focusing on technological innovation and R&D investment [2][4]. Group 1: Business Strategy and Development - The company adopts a "data intelligence leading" strategy, focusing on 5G infrastructure, ICT industry applications, and high-speed rail information technology [4][5]. - In recent years, the ICT application business has shifted from smart city solutions to information security, computing power services, and AI applications [4][5]. - Guangmai Technology has entered the computing power service sector, developing a complete ecosystem from infrastructure to operational services and vertical AI application platforms [5]. Group 2: R&D and Innovation - The company has recently obtained five invention patents and two utility model patents, focusing on computing power efficiency and intelligent management [5]. - Future R&D will emphasize low-altitude network upgrades and AI integration in high-speed rail products, aiming to provide integrated solutions of "services + products + platforms" [5][9]. Group 3: Impact of Listing on Business - Listing on the Beijing Stock Exchange has significantly enhanced the company's brand reputation and customer recognition, leading to improved credit ratings and financing conditions [7][8]. - The company has implemented a stable dividend policy since its listing, including a capital reserve transfer and cash dividend in 2023 [8]. Group 4: Future Outlook - The company plans to deepen its existing business in 5G infrastructure, ICT applications, high-speed rail information technology, and full-stack intelligent computing services [9]. - Strategic expansion through mergers and acquisitions is also on the agenda to establish a second growth curve [9].

证券代码：920924 证券简称：广脉科技 公告编号：2025-142 广脉科技股份有限公司 2025 年股权激励计划限制性股票授予结果公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 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 担个别及连带法律责任。 一、限制性股票授予结果 （二）实际授予明细表 | 序号 | 姓名 | 职务 | 获授的限制 | 占授予限制 | 占目前公司总 | | --- | --- | --- | --- | --- | --- | | | | | 性股票数量 | 性股票总数 | 股本的比例 | | | | | （股） | 的比例 | | | 1 | 潘嘉丽 | 核心员工 | 53,843 | 64.22% | 0.05% | | 2 | 熊宗超 | 核心员工 | 30,000 | 35.78% | 0.03% | | | 合计 | | 83,843 | 100.00% | 0.08% | （三）本次授予结果与拟授予情况的差异说明 本次授予限制性股票结果与拟授予情况不存在差异。 1 （一）实际授予基本情况 1、授予日：2025 年 10 月 1 ...