证券代码：300762 证券简称：上海瀚讯 公告编号：2025-050 上海瀚讯信息技术股份有限公司 关于使用自有资金支付募投项目部分款项 并以募集资金等额置换的公告 2021 年 4 月 21 日，公司共募集资金 999,999,975.00 元，根据公司与保荐 机构国泰海通证券股份有限公司的承销协议，由国泰海通证券股份有限公司扣除 承销保荐费 5,000,000.00 元（不含税）后，已将剩余募集资金 994,999,975.00 元汇入公司开立的募集资金专户。 上述募集资金到位情况已经立信会计师事务所（特殊普通合伙）审验，于 2021 年 4 月 22 日出具了信会师报字[2021]第 ZA90452 号验资报告。公司对募集 资金采取专户存储制度，并与保荐机构、存放募集资金的开户银行签订了募集资 金三方监管协议。 二、募投项目基本情况 经 2020 年 10 月 12 日召开的 2020 年第二次临时股东大会审议批准，本公司 在《2020 年度向特定对象发行 A 股股票募集说明书（注册稿）》（以下简称"《募 集说明书》"）披露，公司募集资金投资项目资金使用计划如下： | 单位：万元 | | --- | ...

证券代码：300762 证券简称：上海瀚讯 公告编号：2025-047 上海瀚讯信息技术股份有限公司 关于 2025 年第三季度报告披露的提示性公告 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。 2025 年 10 月 28 日，上海瀚讯信息技术股份有限公司（以下简称"公司"） 召开第三届董事会第十九次临时会议，审议通过了《关于公司 2025 年第三季度 报告的议案》。 为使投资者全面了解公司的经营成果、财务状况及未来发展规划，公司《2025 年第三季度报告》于 2025 年 10 月 30 日刊登在中国证监会指定创业板信息披露 网站巨潮资讯网（www.cninfo.com.cn）上，敬请投资者注意查阅。 特此公告。 上海瀚讯信息技术股份有限公司 董事会 2025 年 10 月 30 日 ...

证券代码：300762 证券简称：上海瀚讯 公告编号：2025-049 上海瀚讯信息技术股份有限公司 第三届董事会第十九次临时会议决议公告 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。 一、董事会会议召开情况 上海瀚讯信息技术股份有限公司（以下简称"公司"）第三届董事会第十九 次临时会议于 2025 年 10 月 28 日在公司会议室以现场结合通讯的方式召开，会 议通知已于 2025 年 10 月 25 日通过邮件的方式送达全体董事。会议应出席董事 7 人，实际出席董事 7 人。会议由公司董事长胡世平先生主持。本次会议的召集、 召开及程序符合《公司法》和《公司章程》的有关规定，合法有效。 二、董事会会议审议情况 本议案已经独立董事专门会议审议且经全体独立董事过半数同意。 经与会董事认真审议，会议形成了如下决议： 1. 审议通过《关于公司 2025 年第三季度报告的议案》 公司根据 2025 年第三季度生产经营的实际情况，编制了《2025 年第三季度 报告》。经董事会认真审议 2025 年第三季度报告全文后，一致认为：公司 2025 年第三季度报告编制和审核的 ...

国泰海通证券股份有限公司 使用自有资金支付募投项目部分款项 并以募集资金等额置换的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐人"）作为上 海瀚讯信息技术股份有限公司（以下简称"上海瀚讯"、"公司"或"发行人"） 2020 年度向特定对象发行股票的持续督导保荐机构，根据《证券发行上市保荐 业务管理办法》《上市公司募集资金监管规则》《深圳证券交易所上市公司自律监 管指引第 2 号——创业板上市公司规范运作》《深圳证券交易所创业板股票上市 规则》等有关法律法规和规范性文件的要求，对上海瀚讯使用自有资金支付募投 项目部分款项并以募集资金等额置换的事项进行了核查，核查情况如下： 一、募集资金基本情况 经中国证券监督管理委员会出具的《关于同意上海瀚讯信息技术股份有限公 司向特定对象发行股票注册的批复》（证监许可[2021]99 号）核准，公司向特定 对象发行人民币普通股股票 30,769,230 股，每股面值 1.00 元，每股发行价为 32.50 元，募集资金总额为人民币 999,999,975.00 元，扣除相关各项发行费用人民币 6,686,999.59 元后，募集资金净额为人民币 993,3 ...

Revenue and Profitability - Revenue for Q3 2025 reached ¥131,106,843.50, an increase of 86.92% compared to the same period last year[5] - Net profit attributable to shareholders was -¥19,517,108.33, a decrease of 50.27% year-on-year[5] - Operating revenue for the first nine months of 2025 reached ¥304,606,055.23, a 72.72% increase compared to ¥176,360,265.61 in the same period of 2024[9] - Total operating revenue for the current period reached ¥304,606,055.23, a significant increase from ¥176,360,265.61 in the previous period, representing a growth of approximately 72.6%[18] - The net profit for the current period is -69,124,253.70, compared to -100,741,930.81 in the previous period, showing an improvement of approximately 31.4%[20] - The total comprehensive income for the current period is -63,380,803.70, compared to -100,741,930.81 in the previous period, indicating a reduction in losses[20] Cash Flow and Investments - The company reported a net cash flow from operating activities of -¥141,525,978.01, a decline of 37.32% compared to the previous year[5] - Net cash flow from operating activities improved by 37.32%, amounting to -¥141,525,978.01, compared to -¥225,808,193.82 in the previous year[9] - Investment activities generated a net cash flow of -¥645,636,116.68, a significant decline of 242.88% from -¥188,295,907.97 in the prior year[9] - Cash inflow from operating activities increased to 306,697,247.70 from 205,464,763.98 year-over-year[21] - Cash outflow from operating activities rose slightly to 448,223,225.71 from 431,272,957.80 year-over-year[21] - Investment activities resulted in a net cash outflow of -645,636,116.68, compared to -188,295,907.97 in the previous period, indicating increased investment expenditures[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,862,992,507.44, reflecting a growth of 5.61% from the end of the previous year[5] - Total liabilities rose to ¥1,483,823,584.57 from ¥1,249,489,843.08, an increase of approximately 18.7%[16] - The total current assets increased to ¥3,005,365,055.86 from ¥2,814,522,430.12, reflecting a growth of approximately 6.8%[14] - The company's equity attributable to shareholders decreased to ¥2,335,298,281.17 from ¥2,373,511,806.41, a decline of about 1.6%[16] Expenses and Financial Performance - Operating costs increased by 161.59% to ¥179,995,750.33, driven by the growth in operating revenue[9] - Total operating costs amounted to ¥388,423,038.26, up from ¥264,970,263.00, indicating an increase of about 46.5%[18] - Financial expenses decreased by 40.34% to -¥17,905,894.11, primarily due to reduced interest income from deposits[9] - Research and development expenses were ¥149,935,108.20, slightly decreased from ¥160,250,865.50, reflecting a reduction of approximately 6.9%[18] - The company recorded a tax expense of -39,973,837.63, compared to -37,060,008.88 in the previous period, indicating a slight increase in tax liabilities[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 63,751, with the largest shareholder holding 17.76% of the shares[11] - The company reported a basic and diluted earnings per share of -0.0767, an improvement from -0.1454 in the previous period[20] - The company’s basic and diluted earnings per share were both -¥0.0311, a decrease of 50.24% year-on-year[5] Inventory and Financial Assets - Cash and cash equivalents decreased by 52.98% to ¥634,323,691.51 due to investments in financial products[8] - Trade financial assets increased by 899.05% to ¥660,202,567.40, attributed to the use of idle funds for investments[8] - Inventory rose by 42.44% to ¥525,444,588.88, driven by increased raw material and finished goods reserves[8] - Accounts receivable increased to ¥1,013,001,332.01 from ¥917,271,778.49, representing a growth of about 10.4%[14]

Group 1: Aerospace Industry - The "Aerospace Power" has been included in the 14th Five-Year Plan, indicating a potential rapid development phase over the next five years[10] - The deep space economy is expected to become a core engine for transforming China from a space power to a space superpower, with significant breakthroughs in key technologies like satellite internet and reusable rockets[10] - The aerospace industry value chain is structured like a pyramid, with high profit margins in the mid and downstream sectors, which include satellite services and ground equipment[12] Group 2: PCB Equipment - Demand for drilling equipment is increasing due to the rise in the number of holes required for high-speed materials, leading to a significant increase in the number of machines needed for PCB production[33] - The market for laser drilling equipment is experiencing both volume and price increases, driven by the growing complexity of PCB designs[33] - Major players in the PCB equipment market, such as Dazhu CNC and Dingtai High-Tech, are expected to see substantial revenue growth, with Dazhu reporting a 95.19% year-over-year increase in revenue for Q3 2023[35] Group 3: Automotive Industry - The automotive industry is expected to focus on "expanding domestic demand" and "high-quality development" during the 14th Five-Year Plan, emphasizing smart and green technologies[51] - The integration of AI and green technologies is projected to enhance the competitiveness of the automotive sector, with a focus on electric and hybrid vehicles[54] Group 4: AI Glasses - The market for AI glasses is rapidly expanding, with major players like Meta launching products that have received strong market responses, indicating a growing consumer interest[60] - AI glasses are expected to enhance user interaction through integrated functionalities, positioning them as a significant advancement in wearable technology[64] Group 5: Floor Cleaning Machines - The floor cleaning machine market has seen significant sales growth since Q4 2024, driven by government subsidies, with a projected increase in sales volume[89] - The market is currently dominated by a few key players, indicating a trend towards increased market concentration[89]

上海瀚讯信息技术股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日召开第三届董事会第十六次会议、第三届监事会第十三次会议，并于 2025 年 5 月 20 日召开 2024 年年度股东大会，会议审议通过了《关于使用部分闲置募集 资金进行现金管理的议案》，同意在不影响公司正常生产经营和募集资金投资项 目建设及确保资金安全的前提下，使用不超过人民币 5 亿元（含本数）的闲置募 集资金进行现金管理，用于购买安全性高、流动性好的保本型理财产品或结构性 存款、大额存单等，使用期限自 2024 年年度股东大会审议通过之日起至 2025 年年度股东大会召开之日止内有效，在上述额度和期限范围内，资金可以循环滚 动使用。同时授权公司董事长及其授权代理人在股东大会批准的额度范围内签署 相关合同及办理相关事宜，由公司财务部负责组织实施和管理。 公司保荐机构对上述募集资金现金管理事项发表了明确同意意见。具体内容 详见公司于 2025 年 4 月 29 日在巨潮资讯网（http://www.cninfo.com.cn）披露 的《关于使用部分闲置募集资金进行现金管理的公告》（公告编号：2025-013）。 根据上述决议及 ...

Group 1: Important Market News - China and the U.S. reached a preliminary consensus on several key economic and trade issues during discussions held in Kuala Lumpur on October 25-26, 2023 [1] Group 2: Industry Insights - China's commercial aerospace sector is experiencing a surge in satellite launches, with the successful launch of the Gaofen-14 02 satellite on October 26, 2025, marking the 603rd flight of the Long March series rockets. The satellite will provide high-precision geospatial information for national economic development [2] - The commercial aerospace market in China is projected to grow from 9.2 billion yuan in 2020 to 310 billion yuan by 2024, with a compound annual growth rate exceeding 100%, significantly outpacing global growth [2] - IBM has successfully run its quantum error correction algorithm on AMD's commercial FPGA module, achieving speeds approximately 10 times faster than required for real-time error correction. This breakthrough reduces reliance on expensive custom hardware [3] - The quantum computing industry is expected to reach a market size of hundreds of billions of dollars between 2025 and 2030, driven by technological advancements, policy support, and market demand [3] - A research team from Peking University has utilized cryo-electron tomography to analyze the micro-3D structure of photoresist molecules in liquid environments, leading to a significant reduction in lithography defects. This advancement addresses a critical bottleneck in the semiconductor manufacturing process [4] - The research achieved a resolution better than 5 nanometers, overcoming traditional limitations in observing photoresist behavior [4] Group 3: Company Updates - Yirui Technology announced that its shareholder, Shanghai Yiyuan He Rui Investment Consulting Co., Ltd., plans to reduce its stake by up to 3.24 million shares, representing 1.53% of the total share capital, through block trading from November 17, 2025, to February 16, 2026 [6] - Bixing Wulian disclosed that its shareholder, Fengtu Huizheng, intends to reduce its holdings by up to 2.36 million shares, accounting for 3% of the total share capital, during the same period [6]

Investment Rating - The report maintains a "Positive" investment rating for the military industry [2] Core Insights - The report emphasizes the timely achievement of the centenary goal of building a strong military, highlighting the modernization of national defense and military capabilities [13] - It identifies three dimensions—defense budget, military trade, and military-civilian integration—as key areas for growth in the military industry, indicating that the sector still has significant growth potential [20] - The report outlines a new "three-step" strategy for national defense and military modernization, aiming for substantial advancements by 2035 and a world-class military by the mid-21st century [17] Summary by Sections Section 1: National Defense and Military Goals - The Fourth Plenary Session of the 20th Central Committee emphasizes achieving the centenary goal of building a strong military and advancing military modernization [13] - The session outlines a strategic framework for military development, focusing on political, reform, technological, and talent-driven advancements [13] Section 2: Defense Budget and Military Trade - China's defense budget for 2025 is projected at 1.7847 trillion yuan, with a growth rate of 7.2%, which is higher than the GDP growth target [23] - The report notes that China's defense spending as a percentage of GDP has room to grow, with a current ratio lower than that of major Western countries [23][25] - China's military trade share in the global market is approximately 6%, with potential for significant growth if it reaches 10%-20% [28] Section 3: Military-Civilian Integration - The report highlights the commercial aviation sector's potential for growth, estimating that the domestic commercial aircraft market could be 2.5 times the current military aircraft market [33] - It discusses the expected growth in the commercial aerospace sector, driven by advancements in satellite technology and the establishment of large satellite constellations [39] Section 4: Space Industry Development - The Fourth Plenary Session calls for accelerated construction of a strong aerospace nation, with significant investments in commercial space initiatives [39] - The report details plans for multiple large-scale satellite constellations, with significant deployment milestones set for 2025, 2027, and 2030 [52][48] Section 5: Investment Strategy for the Military Industry - The report suggests a focus on companies that enhance product capabilities, market penetration, and customer pricing as key investment targets [71] - It emphasizes the importance of selecting stocks based on their potential for growth in the context of military modernization and technological advancements [71]

Group 1 - The A-share market indices continued to rise, with the aerospace ETF (159227) increasing by 2.14% and achieving a transaction volume of 220 million yuan, leading its category [1] - The latest scale of the aerospace ETF exceeds 1.3 billion yuan, ranking first among similar funds [1] - The Fourth Plenary Session of the Central Committee emphasized that technology is the primary driving force for national development and included "building a strong aerospace nation" as a construction goal [1] Group 2 - The aerospace ETF closely tracks the national aerospace index, with a high military industry purity of 98.2%, covering key sectors such as aerospace equipment, satellite navigation, and new materials [2] - The ETF includes leading companies in the military sector, focusing on emerging fields like large aircraft manufacturing, low-altitude economy, and commercial aerospace [2] Group 3 - The construction of a "strong aerospace nation" is expected to lead to more supportive policies and resource allocation for the aerospace industry, particularly in defense and space infrastructure [1]