深圳市福田区中心五路 18 号星河中心大厦 19 层 电话：0755-23993388 传真：0755-86186205 邮编：518048 北京国枫（深圳）律师事务所 关于梦网云科技集团股份有限公司 2024 年度股东大会的法律意见书 国枫律股字[2025]C0036 号 致：梦网云科技集团股份有限公司（贵公司） 北京国枫（深圳）律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出 席并见证贵公司 2024 年度股东大会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民 共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称"《股 东会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证券法律业 务管理办法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简称"《证券 法律业务执业规则》"）等相关法律、行政法规、规章、规范性文件及《梦网云科技集 团股份有限公司章程》（以下简称"《公司章程》"）的规定，就本次会议的召集与召开 程序、召集人资格、出席会议人员资格、会议表决程序及表决结果等事宜，出具本法律 意见书。 ...

证券代码：002123 证券简称：梦网科技 公告编号：2025-044 梦网云科技集团股份有限公司 2024 年度股东大会决议公告 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。 特别提示： 1.本次股东大会未出现否决提案的情形。 2.本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 4、会议召集人：公司董事会 5、会议主持人：董事长余文胜先生 6、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具体时间 为：2025年5月15日9:15—9:25，9:30—11:30和13:00—15:00；通过深圳证券交 易所互联网投票系统投票的具体时间为：2025年5月15日9:15－15:00期间的任意 时间。 7、会议的召集、召开与表决程序符合《中华人民共和国公司法》《深圳证 券交易所股票上市规则》等法律法规及《公司章程》的有关规定。 （二）会议的出席情况 1、出席的总体情况 通过现场和网络投票的股东1,295人，代表股份125,461,738股，占公司有 1、现场会议召开时间：2025年5月15日下午14:00 2 ...

截至5月15日收盘，数字货币概念下跌3.05%，位居概念板块跌幅榜前列，板块内，恒宝股份、科蓝软 件、飞天诚信等跌幅居前，股价上涨的有5只，涨幅居前的有*ST天喻、保税科技、梦网科技等，分别 上涨5.62%、2.81%、0.21%。 今日涨跌幅居前的概念板块 | 300077 | 国民技术 | -3.80 | 5.16 | -10842.05 | | --- | --- | --- | --- | --- | | 300377 | 赢时胜 | -3.52 | 12.85 | -10016.48 | | 002152 | 广电运通 | -3.45 | 1.38 | -9483.92 | | 300130 | 新国都 | -5.38 | 5.97 | -9155.14 | | 300386 | 飞天诚信 | -6.56 | 12.87 | -8719.05 | | 600570 | 恒生电子 | -3.14 | 1.48 | -8274.29 | | 300674 | 宇信科技 | -5.17 | 3.54 | -8075.37 | | 002537 | 海联金汇 | -5.48 | 12.96 | -7663. ...

Core Viewpoint - The A-share market is experiencing fluctuations, particularly in the computer and cloud computing sectors, with notable movements in related ETFs and individual stocks [1][2][3]. Group 1: A-share Market Performance - The three major A-share indices continued to show volatility in the afternoon session on May 15 [1]. - The Computer ETF (159998) fell by 2.56% with a trading volume exceeding 44 million yuan and a premium rate of 0.04%, indicating frequent premium trading [1]. - The Cloud Computing ETF (517390) also saw a decline of 2.44%, with a turnover rate exceeding 3% and a premium rate of 0.12, reflecting similar trading patterns [2]. Group 2: Individual Stock Movements - Among the component stocks of the Computer ETF, companies like Yonyou Network and Guanghuan Xinwang dropped over 5%, while stocks such as Weimeng Group surged over 15% [2][3]. - Notable declines were observed in stocks like Kehua Data, which fell over 8% [3]. Group 3: Technological Developments - On May 14, China successfully launched a space computing satellite constellation, marking a significant milestone in the "Three-body Computing Constellation" project, which aims to establish a large-scale space computing infrastructure with a total computing power of 1000 POPS [3][4]. - The launch involved 12 satellites equipped with onboard intelligent computing systems and inter-satellite communication systems, enabling in-orbit computing capabilities and the construction of an integrated network [3]. Group 4: Future Investment Outlook - Huaxi Securities expressed optimism about the "Star Computing" plan, which aims to transition from ground-based to space-based computing, addressing the growing demand for real-time computing in space [4]. - Guohai Securities highlighted investment opportunities in the computer industry, particularly in the artificial intelligence sector, focusing on self-controlled directions by 2025 [5].

证券代码：002123 证券简称：梦网科技 公告编号：2025-043 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。 特别提示： 公司于2025年1月16日披露的《发行股份及支付现金购买资产并募集配套资 金暨关联交易预案》中详细披露了本次交易可能存在的风险因素及尚需履行的 程序。截至本公告披露日，除预案披露的风险因素外，公司尚未发现可能导致 公司董事会或者交易对方撤销、中止本次交易或者对本次交易方案作出实质性 变更的相关事项。 一、本次交易的基本情况 梦网云科技集团股份有限公司（以下简称"公司"）拟通过发行股份及支 付现金的方式购买杭州碧橙数字技术股份有限公司100%股权并募集配套资金 （以下简称"本次交易"）。本次交易构成重大资产重组、关联交易，但不构 成重组上市。 二、本次交易的进展情况 梦网云科技集团股份有限公司 关于发行股份及支付现金购买资产并募集配套资金 暨关联交易事项的进展公告 2、2025年1月14日，公司召开第八届董事会第三十五次会议、第八届监事 会第二十七次会议，分别审议通过了《关于公司发行股份及支付现金购买资产 本次交易尚需履行必要的内部 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [5]. Core Insights - The company has transitioned from being a virtual goods agent for telecom operators to a builder of cloud terminal platforms, with a projected revenue CAGR of 32% from 2020 to 2024, and a 45% revenue growth in Q1 2025 [1][2]. - The digital goods operation serves as a stable cash flow business, while the cloud terminal and IoT operations are expected to drive rapid growth in the second and third curves of the business [3][4]. Summary by Sections Company Overview - The company, established in 2012, has expanded its business from digital goods operations to IoT traffic operations and AI + computing operations, becoming a core technology service provider for Huawei Cloud [10][12]. - Digital goods services account for over 80% of revenue, with IoT and cloud terminal operations poised for significant growth [12][38]. Digital Goods Operations - The company integrates various digital goods and fragmented channel resources, establishing stable partnerships with telecom operators and video service providers [1][25]. - The business model is highly replicable across regions and customer segments, with a focus on online and rights-based services [47][30]. Cloud Terminal Operations - The company collaborates with Huawei and China Mobile to develop cloud phones, enhancing user experience through cloud-based computing [2][48]. - The cloud phone user base is rapidly growing, with a target of over 100 million users in three years, leading to increased revenue from shared income [2][56]. IoT Scene Operations - The company has developed IoT traffic operations and solutions, targeting various sectors with a focus on traffic operation as the core business model [3][73]. - It has established partnerships with over 500 industry clients, leveraging its technology to provide comprehensive IoT solutions [73][84]. Financial Forecast and Investment Recommendations - The company is expected to achieve net profits of 134 million, 193 million, 280 million, and 406 million yuan from 2024 to 2027, with corresponding PE ratios of 68x, 47x, 32x, and 22x [4][3]. - The report emphasizes the potential for rapid development in the second and third business curves, recommending investment based on strong growth prospects [3][4].

Group 1 - The cloud office concept declined by 2.54%, ranking among the top declines in the concept sector, with notable declines in companies such as Wangda Software and Fanwei Network [1][2] - Among the cloud office concept stocks, only three saw price increases, with ST Shuyuan, Honghe Technology, and Dongfang Zhongke rising by 2.29%, 2.01%, and 1.56% respectively [1][2] - The cloud office sector experienced a net outflow of 1.189 billion yuan in main funds, with 36 stocks seeing net outflows, and Tianyuan Dike leading with a net outflow of 297 million yuan [2][3] Group 2 - The top net outflow stocks in the cloud office sector included Tianyuan Dike, Wangda Software, and Sanliu Ling, with net outflows of 297 million yuan, 155 million yuan, and 139 million yuan respectively [2][3] - The stocks with the highest net inflows included Dongfang Zhongke, Honghe Technology, and Huaping Co., with net inflows of 109 million yuan, 17.89 million yuan, and 6.87 million yuan respectively [2][3] - The overall performance of the cloud office concept was negatively impacted, as evidenced by the significant net outflows and declines in stock prices across the sector [1][2]

证券代码：002123 证券简称：梦网科技 公告编号：2025-042 重要内容提示： 梦网云科技集团股份有限公司（以下简称"公司"）已于 2025 年 4 月 23 日 在巨潮资讯网上披露了《2024 年年度报告全文》及摘要。为便于广大投资者更加 全面深入地了解公司经营业绩、发展战略等情况，公司定于 2025 年 05 月 15 日 （星期四）15:30-17:00 在"价值在线"（www.ir-online.cn）举办梦网云科技集 团股份有限公司 2024 年年度报告业绩说明会，与投资者进行沟通和交流，广泛 听取投资者的意见和建议。 会议召开时间：2025 年 05 月 15 日（星期四）15:30-17:00 会议召开方式：网络互动方式 会议召开地点：价值在线（www.ir-online.cn） 会议问题征集：投资者可于 2025 年 05 月 15 日 前 访 问 网 址 https://eseb.cn/1nOqVij1whW 或使用微信扫描下方小程序码进行会前 提问，公司将通过本次业绩说明会，在信息披露允许范围内就投资者普 遍关注的问题进行回答。 梦网云科技集团股份有限公司 关于举办 2024 年年 ...

Investment Rating - The report maintains an "Accumulate" rating for the media industry [8] Core Insights - The media sector experienced significant recovery in Q1 2025, with a year-on-year revenue increase of 0.74% to 147.38 billion yuan and a net profit increase of 41.58% to 11.11 billion yuan [15][23] - The gaming sector showed strong growth, with Q1 2025 revenue reaching 24.51 billion yuan, a 21.83% year-on-year increase, and net profit of 3.10 billion yuan, up 45.95% [60] - The internet sector's revenue grew by 1.33% in 2024, but net profit fell sharply by 76.11% [67] - The advertising sector's revenue increased by 4.54% in 2024, with a notable recovery in Q1 2025, achieving a net profit of 1.64 billion yuan, up 10.06% [4] - The film and television production sector saw a significant rebound in Q1 2025, with revenue of 7.51 billion yuan, a 67.96% increase year-on-year [5] - The cinema sector benefited from a strong recovery, with Q1 2025 revenue of 7.96 billion yuan, up 22.38% year-on-year [6] - The publishing and reading sector's revenue remained stable, with a net profit increase of 34.48% in Q1 2025 [7] Summary by Sections Overall Performance - In 2024, the media sector's revenue was 610.64 billion yuan, a 0.51% increase, while net profit dropped by 52.96% to 18.43 billion yuan [15] - The top three revenue-generating sectors were advertising marketing, publishing and reading, and the internet [15] Gaming Sector - The gaming sector's revenue in 2024 was 84.51 billion yuan, a 6.92% increase, with a net profit decline of 41.67% to 3.63 billion yuan [50] - In Q1 2025, the gaming sector's revenue was 24.51 billion yuan, a 21.83% increase, and net profit was 3.10 billion yuan, up 45.95% [60] Internet Sector - The internet sector achieved a revenue of 119.31 billion yuan in 2024, a 1.33% increase, but net profit fell to 1.14 billion yuan, down 76.11% [67] - In Q1 2025, revenue was 25.15 billion yuan, a 20% decrease year-on-year, but net profit increased by 33.95% to 0.56 billion yuan [3] Advertising Sector - The advertising sector's revenue in 2024 was 167.22 billion yuan, a 4.54% increase, with a net profit of 5.30 billion yuan, down 13.92% [4] - In Q1 2025, revenue was 39.11 billion yuan, a 0.21% increase, and net profit was 1.64 billion yuan, up 10.06% [4] Film and Television Production Sector - The film sector's revenue in 2024 was 19.24 billion yuan, a 4.64% decrease, with a net loss of 2.29 billion yuan [5] - In Q1 2025, revenue surged to 7.51 billion yuan, a 67.96% increase, with a net profit of 1.19 billion yuan, up 106.12% [5] Cinema Sector - The cinema sector's revenue in 2024 was 21.27 billion yuan, a 16.81% decrease, with a net loss of 1.09 billion yuan [6] - In Q1 2025, revenue was 7.96 billion yuan, a 22.38% increase, and net profit was 1.27 billion yuan, up 78.38% [6] Publishing and Reading Sector - The publishing sector's revenue in 2024 was 153.13 billion yuan, a 2.78% decrease, with a net profit of 13.35 billion yuan, down 34.66% [7] - In Q1 2025, revenue was 33.26 billion yuan, a 3.99% decrease, but net profit increased by 34.48% to 3.52 billion yuan [7]

一、 股票期权注销事项概述 梦网云科技集团股份有限公司 关于部分股票期权注销完成的公告 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。 梦网云科技集团股份有限公司（以下简称"公司"）2021年股票期权激励 计划（预留）、2022年股票期权激励计划部分股票期权注销手续于近日在中国证 券登记结算有限责任公司深圳分公司办理完毕，现将有关情况公告如下： 证券代码：002123 证券简称：梦网科技 公告编号：2025-041 2025 年 4 月 22 日，公司分别召开第八届董事会第三十六次会议、第八届 监事会第二十八次会议，审议通过了《关于注销部分股票期权的议案》，鉴于激 励对象在 2021 年股票期权激励计划预留授予第二个可行权期内（2024 年 2 月 11 日至 2025 年 2 月 10 日）未行权数量为 801,000 份，激励对象在 2022 年股票 期权激励计划第二个可行权期内（2025 年 3 月 10 日至 2025 年 3 月 14 日）未 行权数量为 1,419,400 份。根据《上市公司股权激励管理办法》、公司激励计划 草案等相关规定，公司将上 ...