| 序号 | 修订前 | 修订后 | | --- | --- | --- | | 1 | 第五条. 公司住所：北京市海淀区大 慧寺 8 号北区 20 栋 604 房间。 | 第五条. 公司住所：北京市大兴区经 济开发区科苑路 18 号 3幢一层 A1396 | | | | 室。 | | 2 | 第一百九十四条.本章程以中文书写， | 第一百九十四条.本章程以中文书写， | | | 其他任何语种或不同版本的章程与本 | 其他任何语种或不同版本的章程与本 | | | 章程有歧义时，以在北京市工商行政 | 章程有歧义时，以在北京市市场监督 | | | 管理局最近一次核准登记后的中文版 | 管理局最近一次核准登记后的中文版 | | | 章程为准。 | 章程为准。 | 证券代码：300465 证券简称：高伟达 公告编号：2025-032 高伟达软件股份有限公司 关于变更注册地址并修订《公司章程》的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 因高伟达软件股份有限公司（以下简称"公司"）经营发展需要， 经公司第五届董事会第十五次会议、第五届监事会第十一次会议分别 ...

证券代码：300465 证券简称：高伟达 公告编号：2025-031 高伟达软件股份有限公司 关于召开2025年第一次临时股东大会的通知 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。 一、召开会议的基本情况 1、股东大会届次：公司2025年第一次临时股东大会 2、会议召集人：公司董事会 3、会议召开的合法、合规性: 本次股东大会审议事项已经公司第五届董事会第十五次会议、第 五届监事会第十一次会议审议通过。审议事项符合法律、行政法规、 部门规章、规范性文件及《公司章程》的有关规定，提交股东大会审 议事项的相关资料完整。 4、会议召开的日期、时间: 1)现场会议召开时间：2025年6月30日（星期一）下午14:30 2)网络投票时间：通过深圳证券交易所交易系统进行网络投票的 时间为2025年6月30日上午9:15-9:25，9:30到11:30，下午13:00到15:00； 通过深圳证券交易所互联网系统投票的具体时间为2025年6月30日 9:15至2025年6月30日15:00的任意时间。 5、会议的召开方式：本次股东大会采取现场表决与网络投票相 结合的方式召 ...

证券代码：300465 证券简称：高伟达 公告编号：2025-030 一、 审议通过《关于变更注册地址并修订<公司章程>的议案》 表决结果：以 3 票同意，0 票反对，0 票弃权审议通过。 具体内容详见公司同日于中国证监会指定的信息披露媒体巨潮 资讯网（www.cninfo.com.cn）披露的《关于变更注册地址并修订<公 司章程>的公告》。 本议案尚需提交公司股东大会审议，并应当由出席股东大会的股 东（包括股东代理人）所持表决权的三分之二以上通过。 特此公告。 高伟达软件股份有限公司 第五届监事会第十一次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 高伟达软件股份有限公司（以下简称"公司"）第五届监事会第十 一次会议（以下简称"本次会议"）通知于 2025 年 6 月 10 日以邮件方 式发出。本次会议于 2025 年 6 月 13 日在公司会议室以现场方式召 开。本次会议应参加监事 3 名，实际参加监事 3 名。本次会议符合 《中华人民共和国公司法》及《公司章程》的有关规定。本次会议由 公司监事会主席李妮主持。 本次会议经审议，通过以下议案 ...

高伟达软件股份有限公司 第五届董事会第十五次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 高伟达软件股份有限公司（以下简称"公司"）第五届董事会第十 五次会议（以下简称"本次会议"）通知于 2025 年 6 月 10 日以邮件方 式发出。本次会议于 2025 年 6 月 13 日在公司会议室以现场会议结合 通讯会议的方式召开。本次会议应参加董事 5 名，实际参加董事 5名。 本次会议符合《中华人民共和国公司法》及《公司章程》的有关规定。 本次会议由公司董事长于伟主持。 本次会议经审议，通过以下议案： 一、 审议通过《关于变更注册地址并修订<公司章程>的议案》 表决结果：以 5 票同意，0 票反对，0 票弃权审议通过。 具体内容详见公司同日于中国证监会指定的信息披露媒体巨潮 资讯网（www.cninfo.com.cn）披露的《关于变更注册地址并修订<公 司章程>的公告》。 证券代码：300465 证券简称：高伟达 公告编号：2025-029 本议案尚需提交公司股东大会审议，并应当由出席股东大会的股 东（包括股东代理人）所持表决权的三分之二以上通过 ...

Investment Rating - The industry investment rating is "Overweight" [3] Core Insights and Investment Recommendations - RWA (Real World Assets) refers to the tokenization of traditional physical assets through blockchain technology, enabling real-time trading and circulation of these assets in a digital network, addressing liquidity issues, trust deficits, and high transaction costs in traditional finance, thus presenting new opportunities for global economic and financial digital innovation [4][8] - The potential market for tokenized digital securities is projected to reach $4-5 trillion by 2030, with trade finance based on distributed ledger technology (DLT) expected to reach $1 trillion [4][8] - The report emphasizes the importance of focusing on three growth themes: blockchain + fintech, renewable energy + RWA, and cross-border payments, highlighting specific companies to watch in each category [4] Summary by Sections RWA Overview - RWA involves the conversion of traditional assets into digital tokens, facilitating online trading and addressing challenges posed by globalization [4][8] - The report outlines the diverse asset classes that can be tokenized, including real estate, private credit, government bonds, commodities, and equities [39] Business Development and Regulation - The process of RWA issuance requires compliance with regulatory frameworks, ensuring asset value, ownership, and legal status are clearly defined [4][30] - The report discusses the regulatory landscape in regions like Hong Kong and the U.S., highlighting the establishment of frameworks for virtual assets and stablecoins [47][49] Technology, Market, and Ecosystem - RWA technology is structured in three layers: core architecture, middleware, and application layer, facilitating the conversion of physical assets into tradable digital tokens [52] - The ecosystem involves various participants, including asset issuers, technology service providers, liquidity providers, compliance entities, and investors, creating a collaborative environment for RWA [9][63] - The report predicts that the global RWA market could exceed $16 trillion by 2030, driven by the increasing adoption of stablecoins and regulatory advancements [54][58]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The successful IPO of stablecoin giant Circle on June 5, 2025, marked a significant milestone, with a first-day increase of 168.48% and a market capitalization of $18.4 billion [4] - Circle's USDC has become the second-largest dollar-pegged stablecoin globally, with a market cap of approximately $60.9 billion as of April 2025, narrowing the gap with Tether (USDT) [4] - The report emphasizes the growing opportunities in the digital currency market, particularly in decentralized finance (DeFi), cross-border payments, and digital asset trading [5][7] Summary by Sections Industry Overview - The report highlights the positive outlook for the computer industry, with a projected growth trajectory [1][2] Circle's Business Model - Circle's revenue model is primarily based on the yield from reserves invested in U.S. Treasury bonds, with total revenue reaching $1.676 billion by the end of 2024, a 15.57% increase from 2023 [6] - The majority of Circle's revenue (99.1%) comes from reserve income, although net profit has decreased to $156 million due to rising distribution and transaction costs [6] USDC Applications - USDC is widely used in various applications, including: 1. Decentralized Finance (DeFi): Dominating stablecoin trading volume (approximately 69%) on platforms like Ethereum and Solana [5] 2. Cross-Border Payments: USDC offers fast (settlement in seconds) and low-cost (less than $0.01) transactions, making it ideal for global remittances [5] 3. Digital Asset Trading: USDC serves as a key liquidity source in cryptocurrency trading, particularly in centralized exchanges like Coinbase [5] Investment Recommendations - The report recommends several companies that are expected to benefit from the digital currency market, including Langxin Group, Jingbeifang, and others [7]

Core Viewpoint - The article provides an overview of the financing events in the primary market, highlighting the increase in both the number of financing events and the total financing amount compared to the previous week, indicating a growing interest in investment opportunities across various sectors [4][12]. Financing Overview - As of May 23, 2025, there were 130 financing events reported, an increase of 42 events from the previous week, with a total financing amount of approximately 3.828 billion RMB, up by 749 million RMB [4]. - Among these events, 19 had financing amounts of 100 million RMB or more, which is an increase of 3 events from the previous week [4]. - There were 33 public exit cases this week, remaining stable compared to last week [4]. Financing Amount Distribution - A total of 80 financing events disclosed their amounts, with the distribution as follows: - 8 events under 5 million RMB (up by 4) - 39 events between 5 million and 10 million RMB (up by 10) - 11 events between 10 million and 50 million RMB (down by 2) - 19 events between 50 million and 100 million RMB (up by 7) - 3 events between 100 million and 500 million RMB (down by 2) - No events above 500 million RMB [5]. Notable Investment Events - **Satellite Operations**: Penghu Wuyu completed nearly 100 million RMB in Series A financing, led by Wuxi Liangxi Kechuang Industry Mother Fund and Wuxi Liangxi Aerospace Investment Fund, to expand its global operations in satellite IoT [7]. - **Organoids**: Chuangxin International raised nearly 100 million RMB in Series B financing, led by Yueke Fund and Donghai Investment, to accelerate the development of organoid technology [7]. - **Resource Recovery**: Zhongwu Industry Operations secured 500 million RMB in Series A financing to enhance its procurement network and improve supply chain efficiency [8]. - **AI Chips**: Blue Core Computing raised over 100 million RMB in equity financing, with participation from multiple investment institutions, focusing on high-performance chip design [8]. Industry Distribution - The financing events spanned 14 industries, with the top five being: - Healthcare: 28 events - Electronics: 25 events - Information Technology: 19 events - Equipment Manufacturing: 14 events - Consumer Goods and Services: 14 events - These five industries accounted for 76.15% of all financing events [12]. Financing Amount by Industry - The top five industries by financing amount were: - Healthcare: 32.07 million RMB (83.76% of total) - Information Technology: Significant contributions from Whale and other major events - Consumer Goods and Services - Electronics - Equipment Manufacturing - The healthcare sector led with a high number of large financing events [14]. Regional Distribution - The top five regions for financing events were: - Jiangsu: 29 events - Guangdong: 22 events - Zhejiang: 22 events - Beijing: 16 events - Shanghai: 9 events - These regions accounted for 75.38% of all financing events [17]. - In terms of financing amount, Zhejiang led with 829.59 million RMB, influenced by significant events [17]. Financing Rounds - The most active financing rounds were Angel and Series A, totaling 74 events, with Series B ranking third at 23 events [22]. - Series A financing accounted for 37.16% of the total financing amount, followed by strategic financing at 16.09% [22]. Investment Institutions - A total of 129 investment institutions participated in financing activities, with notable activity from Beijing Guoguan and Shenzhen Capital Group [25]. Exit Situation - There were 33 public exit cases, with the healthcare sector leading in the number of exits, followed by materials and electronics [30][31].

Group 1 - China Communication Technology Co., Ltd. won a total of 11 important rail transit projects with a total bid amount of approximately 3.789 billion yuan, accounting for 11.67% of the company's audited revenue for 2024 [1] - New Chai Co., Ltd. plans to use no more than 500 million yuan of idle funds to purchase low-risk financial products to improve fund efficiency [2] - Qingshan Paper Industry's controlling shareholder intends to restructure and inject assets into Fujian Provincial Industrial Holding Group [3] Group 2 - BWS hired Liu Xiaodan as Senior Vice President, effective immediately [4] - Huakang Clean won a bid for a purification project at the Tengzhou Medical and Health Center, with a bid price of 60.2394 million yuan [6] - Silver Dragon Co., Ltd. announced that several executives plan to reduce their holdings by a total of no more than 550,000 shares due to personal financial needs [8] Group 3 - Intercontinental Oil & Gas plans to invest 848 million USD in the South Basra Integrated Project in Iraq, holding a 67% stake [13] - Huatai Dain's subsidiary received a drug registration certificate for sodium valproate oral solution, used for treating epilepsy [14] - Hainan Mining's 20,000-ton battery-grade lithium hydroxide project has achieved full-process connectivity and produced qualified products [29] Group 4 - Roman Co., Ltd.'s subsidiary won a significant overseas project in Saudi Arabia with a bid amount of approximately 200 million yuan [30] - Measurement Co., Ltd. completed a capital reduction for its subsidiary, optimizing resource allocation [31] - Guodian Nanzi plans to increase capital by 45 million yuan for its wholly-owned subsidiary to meet market expansion needs [32] Group 5 - Eighty Billion Space plans to repurchase shares with a total amount not less than 50 million yuan and not exceeding 100 million yuan [33] - Tianyin Electromechanical's director plans to reduce holdings of no more than 0.25% of the company's shares [34] - Hailier's subsidiary passed environmental protection acceptance for its agricultural chemical preparation project [35] Group 6 - Kelong Pharmaceutical's subsidiary will present innovative drug research results at the ASCO annual meeting [36] - Zhonghong Medical's subsidiary received medical device registration certificates for enteral nutrition pumps and injection pumps [37] - Luyou Pharmaceutical received a drug registration certificate for amlodipine besylate tablets, used for hypertension [39]

Group 1: AI and Technology Developments - Anthropic launched the Claude 4 series models, including Claude Opus 4, which is claimed to be the best programming model globally, enhancing programming and reasoning capabilities [2] - Huawei's HarmonyOS foldable computer has received over 140,000 reservations, with the MateBook Fold leading at 108,000 reservations [3] - Honor announced its Alpha strategy to transition from a smartphone manufacturer to an AI terminal ecosystem company, planning to invest $10 billion over the next five years [5] Group 2: Automotive Industry Updates - BYD's electric vehicle sales in Europe surpassed Tesla for the first time in April, with a 169% year-on-year increase, totaling 7,231 new registrations [4] - Xiaomi introduced the Yu7 luxury SUV, with a price expected to be around 300,000 yuan, set to launch in July [4] - GAC Group's GOVY AirCar has initiated airworthiness certification, targeting urban traffic congestion with its multi-rotor flying car [6] Group 3: Semiconductor and Capital Expenditure Insights - Global semiconductor capital expenditure is projected to decrease by 7% quarter-on-quarter but increase by 27% year-on-year, driven by investments in advanced logic and high-bandwidth memory [10] - Memory-related capital expenditure saw a significant year-on-year increase of 57%, while non-memory spending grew by 15% [10] - The introduction of HBM4 technology is expected to raise manufacturing costs, with a premium increase anticipated to exceed 30% [11] Group 4: Corporate Actions and Investments - Demais announced a change in its controlling shareholder, with a framework agreement signed for the transfer of shares [12] - Gaowei Technology invested 10 million yuan in Blue Core Computing, acquiring a 0.6729% stake in the company, which focuses on RISC-V architecture [12]

Core Insights - Kunlun Wanwei launched the Skywork Super Agents, which ranks first globally on the GAIA list for its deep research capabilities [1][11] - Lenovo Group reported a revenue of 498.5 billion RMB for the fiscal year ending March 31, 2025, marking a strong year-on-year growth of 21.5% and a net profit increase of 36% to 10.4 billion RMB [1][14] Macro News - The People's Bank of China announced support for the bond market's "technology board," allowing flexible issuance and simplified disclosure for issuers, particularly benefiting equity investment institutions [4] - The China Securities Regulatory Commission reported that as of April 2023, 242 domestic companies have completed overseas listing filings, with 83 being technology firms [5] - The Central Cyberspace Affairs Commission initiated a two-month campaign to address online issues affecting businesses, focusing on malicious attacks and extortion [6] Market Highlights - CATL's stocks will be included in the MSCI China Standard and Large Cap Index starting June 2 [9] - Xinhua Insurance signed a contract for a private equity fund with a total scale of 20 billion RMB, contributing 10 billion RMB [9] - Sany Heavy Industry submitted a listing application to the Hong Kong Stock Exchange [9][2] - Tesla's CEO expressed willingness to license its Full Self-Driving technology to other manufacturers [10] - Gold prices surged, with platinum futures exceeding $1,089 per ounce, marking a nearly 10% increase for the week [10] Company Developments - Xiaomi launched its self-developed 3nm flagship processor and the YU7 SUV, with the processor featuring 190 billion transistors [13] - Honor announced a strategic shift towards becoming a leading AI terminal ecosystem company, planning to invest $10 billion over the next five years [15] - Long-term investment trials for insurance funds have a total scale of 222 billion RMB, with the first two batches already approved [5]