Company Overview - AOC Technology (SZ 000727) announced on October 28 that its 11th fourth board meeting was held in Shenzhen, where it reviewed the proposal to use reserve funds to cover losses [1] - For the first half of 2025, AOC Technology's revenue composition was 99.39% from the electronic components industry and 0.61% from other businesses [1] - As of the report date, AOC Technology's market capitalization was 12.2 billion yuan [1] Industry Context - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation into a "slow bull" new pattern [1]

Core Viewpoint - The company, Sichuan Haowu Electromechanical Co., Ltd., has announced its third-quarter financial report for 2025, including a proposal to use its surplus and capital reserves to cover accumulated losses, which is subject to shareholder approval [10][20][22]. Financial Data Summary - The company reported a retrospective adjustment of operating costs amounting to 7,568,079.68 yuan and a reduction in selling expenses by the same amount due to a change in accounting policy effective from January 1, 2024 [3]. - The total accumulated losses of the company as of December 31, 2024, were reported at -943,956,237.16 yuan, with surplus reserves of 67,948,162.86 yuan and capital reserves of 1,623,187,729.93 yuan [20]. - The company plans to use a total of 943,956,237.16 yuan from its surplus and capital reserves to offset these losses, which will reduce the surplus reserves to 0 yuan and the capital reserves to 747,179,655.63 yuan [20]. Asset Impairment Provision - The company has recognized an asset impairment provision of 13.56 million yuan for the first three quarters of 2025, which includes a write-off of bad debt provisions amounting to 2.58 million yuan and a reversal of inventory impairment provisions of 9.71 million yuan [50][56]. - The impairment provisions are based on a comprehensive review of the company's assets to ensure accurate reflection of its financial status and operational results [49][56]. Shareholder Meeting - A temporary shareholder meeting is scheduled for November 12, 2025, to discuss the proposal regarding the use of reserves to cover losses, among other matters [14][24]. - The meeting will allow shareholders to vote both in person and via an online platform, ensuring compliance with relevant regulations [26][34].

Meeting Overview - The sixth board meeting of Rongke Technology Co., Ltd. was held on August 11, 2025, via email notification to all directors [2]. Financial Reporting - The board approved the 2025 semi-annual report and its summary, which was prepared in accordance with relevant regulations and reflects the company's operational status for the first half of 2025. The report was not audited by an accounting firm. The voting result was 7 votes in favor, 0 against, and 0 abstentions, representing 100% approval [2]. Governance Enhancements - The board reviewed and approved the work rules for the Audit Committee, Compensation and Assessment Committee, Nomination Committee, and Strategic Committee, all aimed at optimizing the governance structure and enhancing the supervisory effectiveness of independent directors and professional committees. Each of these proposals received unanimous approval with 7 votes in favor, 0 against, and 0 abstentions [3][4][5]. Asset Management - The board revised the asset impairment provision and write-off system to strengthen asset management and mitigate risks associated with asset losses. This revision was based on the relevant accounting standards and the company's actual situation, receiving unanimous approval [5]. Financial Adjustments - The company conducted a comprehensive review and impairment testing of its assets as of June 30, 2025, and decided to recognize impairment provisions and write-offs based on prudence. This proposal also received unanimous approval [5]. Loss Compensation - The company plans to use its surplus reserves and capital reserves to cover accumulated losses, amounting to a total of 555,891,465.41 yuan. This decision was based on the audit report and relevant regulations, and it received unanimous approval [6]. Upcoming Meetings - The company intends to convene the second extraordinary general meeting of shareholders on September 15, 2025, with the notice published on the designated information disclosure website [6].