北京海兰信数据科技股份有限公司 二〇二五年十一月 证券代码：300065 证券简称：海兰信 上市地点：深交所 北京海兰信数据科技股份有限公司发行股份及支付现金购买资产并募集配套资金暨关联交易报告书（草案） 上市公司声明 本公司及全体董事、监事、高级管理人员保证本报告书及其摘要内容不存在 虚假记载、误导性陈述或者重大遗漏，并对其真实性、准确性和完整性承担个别 和连带的法律责任。 本公司全体董事、监事、高级管理人员保证本报告书及其摘要所引用的相关 数据的真实性和合理性。 本报告书所述事项并不代表中国证监会、深圳证券交易所对于本次重组相关 事项的实质性判断、确认或批准。本报告书所述本次重组相关事项的生效和完成 尚需有关审批机关的批准或注册。审批机关对于本次交易相关事项所做的任何决 定或意见，均不表明其对本公司股票的价值或投资者的收益做出实质性判断或保 证。 发行股份及支付现金购买资产 并募集配套资金暨关联交易报告书（草案） （修订稿） | 项目 | 交易对方 海南省信息产业投资集团有限公司、温州申合信创业投资合伙企业 | | --- | --- | | 发行股份及支付现 | （有限合伙）、温州创海成信创业投资合伙企 ...

关于北京海兰信数据科技股份有限公司申请 发行股份购买资产并募集配套资金的审核问 询函的回复 致同会计师事务所（特殊普通合伙） 致同会计师事务所（特殊普通合伙） 中国北京朝阳区建国门外大街 22 号 赛特广场 5 层邮编 100004 电话 +86 10 8566 5588 传真 +86 10 8566 5120 www.grantthornton.cn 关于北京海兰信数据科技股份有限公司申请发行股份购买资 产并募集配套资金的审核问询函的回复 致同专字（2025）第 110A022128 号 深圳证券交易所创业板公司管理部： 致同会计师事务所（特殊普通合伙）（以下简称"我们"）于 2025 年 9 月 19 日 收到了北京海兰信数据科技股份有限公司（以下简称"上市公司"或"海兰信"）转来 的深圳证券交易所上市审核中心出具的《关于北京海兰信数据科技股份有限公司 申请发行股份购买资产并募集配套资金的审核问询函》（审核函〔2025〕030012 号，以下简称"问询函"），要求我们对相关问题进行核查并发表明确意见。 按照问询函的要求，基于海兰信对问询函相关问题的说明以及我们对问询函 中相关事项的核查，现就有关事项说明如 ...

证券代码：300065 证券简称：海兰信 公告编号：2025-064 | 重组报告书章节 | 修订内容 | | --- | --- | | 重大风险提示 | 为突出重大性，增强针对性，强化风险导向，已按照重要性 | | | 重新排序，并对部分风险进行补充披露 | | 第一节本次交易概况 无 | | | 第二节上市公司基本情况 | 更新上市公司基本情况 | | 第三节交易对方基本情况 | 1、交易对方为合伙企业的，补充穿透披露至最终出资人；2、 | | | 补充披露交易对方主营业务，除持有标的资产股权外的其他 | | | 对外投资情况，交易对方及其上层权益持有人是否专为本次 | | | 交易而设立，锁定期安排是否符合相关规定的相关情况 | | 第四节标的资产基本情况 | 1、补充披露标的公司产品或服务的主要消费群体、销售价 | | | 格的变动情况；2、补充披露标的公司合并财务报表范围、 | | | 变化情况及变化原因； | | 第五节本次交易发行股份情 无 | | | 况 | | | 第六节标的资产的评估及作 | 补充披露评估基准日至重组报告书披露日交易标的发生的 | | 价情况 | 重要变化事项及其对交易作 ...

国泰海通证券股份有限公司 关于深圳证券交易所 《关于北京海兰信数据科技股份有限公司申请发行股 份购买资产并募集配套资金的审核问询函》 回复之核查意见 独立财务顾问 （中国（上海）自由贸易试验区商城路 618 号） 深圳证券交易所： 北京海兰信数据科技股份有限公司（以下简称"上市公司"、"公司"或"海 兰信"）于 2025 年 9 月 19 日收到深圳证券交易所《关于北京海兰信数据科技股 份有限公司申请发行股份购买资产并募集配套资金的审核问询函》（审核函〔2025〕 030012 号（以下简称"《审核问询函》"）。公司及相关中介机构就《审核问询函》 所提问题进行了认真讨论分析与核查，并按照要求在《北京海兰信数据科技股份 有限公司发行股份及支付现金购买资产并募集配套资金暨关联交易报告书（草案） （以下简称"重组报告书"）中进行了相应的修订和补充披露。国泰海通证券股 份有限公司（以下简称"国泰海通"或"独立财务顾问"）作为本次重组的独立 财务顾问，现发表核查意见如下。 如无特别说明，本核查意见使用的简称与重组报告书中的释义相同。 在本核查意见中，部分合计数与各明细数直接相加之和在尾数上如有差异， 如无特殊说明，均系 ...

Market Overview - The marine equipment sector experienced a decline of 1.85% on November 10, with Guorui Technology leading the losses [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Individual Stock Performance - Tianhai Defense (300008) closed at 6.70, down 1.03% with a trading volume of 687,900 shares and a turnover of 459 million yuan [1] - China Marine Defense (600764) closed at 30.52, down 1.45% with a trading volume of 63,500 shares and a turnover of 193 million yuan [1] - China Shipbuilding (600150) closed at 35.23, down 1.62% with a trading volume of 937,600 shares and a turnover of 3.302 billion yuan [1] - Yaxing Anchor Chain (601890) closed at 10.32, down 1.99% with a trading volume of 482,800 shares and a turnover of 497 million yuan [1] - Zhongchuan Defense (600685) closed at 26.43, down 2.22% with a trading volume of 179,500 shares and a turnover of 473 million yuan [1] - Hailanxin (300065) closed at 18.41, down 3.00% with a trading volume of 432,800 shares and a turnover of 801 million yuan [1] - Zhongli Haixun (300810) closed at 41.24, down 3.31% with a trading volume of 35,900 shares and a turnover of 149 million yuan [1] - Jianglong Shipbuilding (300589) closed at 13.83, down 5.92% with a trading volume of 395,700 shares and a turnover of 54.5 million yuan [1] - Guorui Technology (300600) closed at 16.43, down 8.67% with a trading volume of 358,600 shares and a turnover of 595 million yuan [1] Capital Flow Analysis - The marine equipment sector saw a net outflow of 1.249 billion yuan from institutional investors, while retail investors contributed a net inflow of 999 million yuan [1] - The following stocks experienced significant net outflows from institutional investors: - Zhongli Haixun (300810): -20.1621 million yuan [2] - China Marine Defense (600764): -22.6017 million yuan [2] - Tianhai Defense (300008): -47.2495 million yuan [2] - Zhongchuan Defense (600685): -71.6524 million yuan [2] - Jianglong Shipbuilding (300589): -87.1109 million yuan [2] - Yaxing Anchor Chain (601890): -102 million yuan [2] - Guorui Technology (300600): -114 million yuan [2]

Investment Rating - The report maintains a "Recommended" investment rating for the computer industry, indicating that the industry index is expected to outperform the benchmark index by more than 10% [6]. Core Insights - The computer industry index experienced a decline of 2.54% during the week of November 3 to November 7, 2025, underperforming major indices such as the Shanghai Composite Index, which rose by 1.08%, and the Shenzhen Component Index, which increased by 0.19% [1][11]. - The release of Kimi K2 Thinking, an advanced open-source thinking model, is highlighted as a significant development. This model demonstrates state-of-the-art performance in various benchmark tests and is expected to enhance AI applications, suggesting potential investment opportunities in companies with customer resources and large model implementations [4][21]. Summary by Sections Market Review - The computer industry index fell by 2.54%, trailing behind major indices. The performance of sub-sectors included a slight increase in computer equipment (+0.27%) while IT services II and software development saw declines of -3.13% and -3.82%, respectively [1][11][13]. Major Events - Notable announcements include Google's plan to release Gemini 3 Pro, which features a context window of up to 1 million tokens, and a partnership between Gaode and XPeng Motors to provide Robotaxi services globally [16][17]. Key Announcements - HaiLanXin's subsidiary won a bid for a project worth 1.097 billion RMB, and Guoneng Rixin is developing a power market forecasting system to enhance the profitability of independent energy storage stations [2][18]. Investment Perspective - The report indicates that the computer industry index has ended its previous upward trend, suggesting a cautious outlook. The introduction of Kimi K2 Thinking is expected to drive further AI application developments, making it a focal point for potential investments [4][20].

Core Insights - The report emphasizes the importance of discovering investment opportunities with a proactive attitude rather than merely relaying information [2] Domestic Financial Market - The Shanghai Composite Index closed at 3997.56, down by 0.25%, while the Shenzhen Component Index closed at 13404.06, down by 0.36% [4] Industry Latest Developments - New evaporative cooling technology is expected to address NVIDIA's heat dissipation challenges, with related stocks including Invec (002837) and Shenling Environment (301018) [8] - China has released the world's first intelligent multimodal large model for deep-sea habitat, with related stocks including Hailanxin (300065) and Zhongke Xingtu (688568) [8] - A new industry sector is emerging with China's upcoming global debut of space tourism projects, related stocks include Tanshihua (300005) and Fenghuo Electronics (000561) [8] Focus on Listed Companies - Lens Technology (300433) has achieved comprehensive technology coverage in the AI edge sector and can rapidly transfer its technology from consumer electronics to new fields like automotive and robotics [10] - DaviTech (300331) plans to acquire a 51% stake in Changzhou Weipu Semiconductor Equipment Co., Ltd. for 510 million yuan [10] - Shanshan Co., Ltd. (600884) is developing negative electrode materials for solid-state batteries, with some products undergoing multiple rounds of testing at customer sites [10] Market Review and Outlook - On November 7, the total trading volume in the two markets was 199.91 billion yuan, with 2033 stocks rising and 2953 falling. The net capital outflow was 60.42 billion yuan, with a decrease in trading volume of 56.2 billion yuan compared to the previous day [12] - The three major indices opened slightly lower and showed weak fluctuations, with the small-cap stocks performing relatively stronger than large-cap stocks [12] - Market hotspots included significant capital inflows into battery, fluorochemical, and photovoltaic sectors, while sectors like reducers and AI saw capital outflows [12] - The report suggests that the market will continue to oscillate around the 4000-point mark, with a focus on mid-cap stocks showing performance strength compared to large and small-cap stocks [13] - There is an increasing recognition of price increase logic in the market, particularly in sectors like lithium hexafluorophosphate, storage chips, and photovoltaic polysilicon, which are expected to maintain attention [13]

Market Overview - The marine equipment sector experienced a decline of 0.6% on November 7, with Yaxing Anchor Chain leading the drop [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Individual Stock Performance - Guorui Technology (300600) saw a significant increase of 4.96%, closing at 17.99 with a trading volume of 471,200 shares and a transaction value of 858 million [1] - Zhongmofan (300810) remained unchanged at 42.65, with a trading volume of 29,400 shares and a transaction value of 125 million [1] - China Shipbuilding (600150) decreased by 0.39%, closing at 35.81 with a trading volume of 1,286,000 shares and a transaction value of 4.665 billion [1] - Jianglong Shipbuilding (300589) fell by 0.68%, closing at 14.70 with a trading volume of 472,200 shares and a transaction value of 704 million [1] - Hailanxin (300065) dropped by 0.99%, closing at 18.98 with a trading volume of 419,300 shares and a transaction value of 799 million [1] - Tianhai Defense (300008) decreased by 1.17%, closing at 6.77 with a trading volume of 804,200 shares and a transaction value of 550 million [1] - China Marine Defense (600764) fell by 1.24%, closing at 30.97 with a trading volume of 67,500 shares and a transaction value of 211 million [1] - China Shipbuilding Defense (600685) decreased by 2.10%, closing at 27.03 with a trading volume of 282,700 shares and a transaction value of 778 million [1] - Yaxing Anchor Chain (601890) led the decline with a drop of 3.39%, closing at 10.53 with a trading volume of 853,800 shares and a transaction value of 917 million [1] Capital Flow Analysis - The marine equipment sector experienced a net outflow of 409 million from institutional investors, while retail investors saw a net inflow of 292 million [1] - The table indicates varying net inflows and outflows among individual stocks, with notable figures such as China Shipbuilding experiencing a net outflow of 72.085 million from institutional investors [2] - Guorui Technology had a net inflow of 4.435 million from institutional investors, while Yaxing Anchor Chain faced a significant net outflow of 1.67 billion [2]

Core Viewpoint - The domestic aircraft carrier sector experienced a short-term surge, with Guorui Technology rising over 10%, alongside increases in companies such as Hailanxin, China Marine Defense, Guisheng Co., China Shipbuilding Defense, and Yaxing Anchor Chain, following the commissioning of China's first electromagnetic catapult aircraft carrier [1] Group 1 - The domestic aircraft carrier sector is showing positive momentum in the stock market [1] - Guorui Technology's stock price increased by more than 10% [1] - Other companies in the sector, including Hailanxin and China Marine Defense, also saw stock price increases [1]

Core Insights - The article discusses the deep application of Internet of Things (IoT) technology in the marine sector, aiming to promote the digital and intelligent transformation of the marine economy through "interconnectivity" [1][2] - China's strategic elevation of marine power construction has led to the introduction of various policies to support the development of marine IoT, with a projected industry scale of 84.4 billion yuan in 2024 and expected to exceed 100 billion yuan in 2025 [1][12] - Key players in the industry include major companies like Huawei and ZTE, which dominate the market, while specialized enterprises focus on vertical breakthroughs [1][16] Marine IoT Overview - Marine IoT (Ocean IoT) involves the deployment of sensors, communication devices, and intelligent terminals, combined with cloud computing and big data, to create a real-time perception and decision support network for marine environments [1][2] - The core objective is to achieve full-chain connectivity of marine data, facilitating the transition from traditional development to digital and intelligent operations [1][2] Industry Policies - China has intensified its investment in marine technology and information sectors, with marine IoT being a key vehicle for innovation and industrial upgrading [7][11] - National policies such as the "Digital China Construction Overall Layout Plan" and local initiatives from cities like Qingdao aim to create a favorable environment for marine IoT development [7][11] Industry Chain - The marine IoT industry chain consists of three segments: upstream focuses on sensing and communication infrastructure, midstream involves equipment integration and platform services, and downstream emphasizes diverse application implementations [8][10] - The entire industry chain is evolving through technological breakthroughs and application deepening, forming a complete ecosystem from hardware support to intelligent services [8][10] Current Development Status - The marine IoT industry is experiencing rapid growth, with a market size projected to reach approximately 4.01 trillion yuan in 2024 and 4.55 trillion yuan in 2025, reflecting a year-on-year growth of about 13.7% [10][11] - The industry is transitioning from external growth characterized by "connection scale expansion" to internal development focused on "data value mining" [10][11] Market Size and Forecast - The marine IoT market is expected to reach 84.4 billion yuan in 2024 and is projected to exceed 100 billion yuan in 2025, indicating a robust growth trajectory [12][14] Competitive Landscape - The competitive landscape of the marine IoT industry is characterized by "head concentration, cross-industry penetration, and niche breakthroughs," with major players like Huawei and ZTE leading the market [16] - Companies are primarily concentrated in coastal economic zones, focusing on core scenarios such as smart ports and marine security [16] Future Development Trends - The marine IoT industry is expected to see deep technological integration, expansion of application scenarios, and collaborative industrial ecosystems [17][18] - Future applications will extend from single-point empowerment to full-chain collaboration, integrating marine agriculture, industry, and services [18][19] - The competitive landscape will shift towards ecological collaboration, supported by policies that enhance technology implementation and industry cluster development [19]