Audit Opinion - The audit report states that the financial statements of Chengdu Kangda Jinrui Technology Co., Ltd. fairly reflect its financial position as of December 31, 2024, and its operating results and cash flows for the year 2024 in accordance with accounting standards [1][2]. Management and Governance Responsibilities - The management of Kangda Jinrui is responsible for preparing financial statements that fairly present the company's financial position and for maintaining necessary internal controls to prevent material misstatements due to fraud or error [2]. - The governance layer is tasked with overseeing the financial reporting process of the company [2]. Auditor Responsibilities - The auditor's goal is to obtain reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error, and to issue an audit report that includes an opinion [2][4]. - The auditor identifies and assesses risks of material misstatement and designs audit procedures to address these risks [4]. Company Overview - Chengdu Kangda Jinrui Technology Co., Ltd. was registered in August 2022 with a registered capital in RMB and operates in various sectors including technology services, software development, and electronic component manufacturing [6][7]. - The company has two subsidiaries included in the consolidated financial statements for 2024, both newly added this year [7]. Financial Reporting Basis - The financial statements are prepared on a going concern basis, with management assessing the company's ability to continue operations for the next 12 months [7][8]. Important Accounting Policies - The company adheres to significant accounting policies and estimates as per the accounting standards, ensuring that the financial statements accurately reflect its financial status and performance [8][9]. Financial Instruments - The company classifies financial assets and liabilities based on their characteristics and management's business model, applying appropriate measurement methods [10][12]. - Financial instruments are recognized when the company becomes a party to the contractual provisions of the instrument [9][10]. Inventory and Costing - The company uses the weighted average method for inventory valuation and adopts a perpetual inventory system, conducting at least one physical count annually [26][27].

Core Viewpoint - The audit report for Zhuohe (Dai Shan) Energy Technology Co., Ltd. indicates that the financial statements as of June 30, 2025, fairly reflect the company's financial position and operational results for the first half of 2025, in accordance with accounting standards [2][3]. Financial Statements - The audit covered the balance sheet, income statement, cash flow statement, statement of changes in equity, and related notes for the period ending June 30, 2025 [2]. - The company was established on September 3, 2024, with a registered capital of RMB 1 million, and has undergone a capital increase to a maximum of RMB 820 million [6][7]. Management and Governance Responsibilities - The management is responsible for preparing financial statements that fairly reflect the company's financial status and for maintaining necessary internal controls to prevent material misstatements due to fraud or error [3][4]. - The governance layer oversees the financial reporting process of the company [3]. Audit Responsibilities - The auditors aim to obtain reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error [3][4]. - The audit process includes assessing risks of material misstatement, understanding internal controls, and evaluating the appropriateness of accounting policies used by management [5][6]. Company Overview - Zhuohe (Dai Shan) Energy Technology Co., Ltd. is primarily engaged in the promotion of new energy technologies, including technical services, energy technology research and development, and manufacturing of specialized equipment [6][7]. - The company has evaluated its ability to continue as a going concern and found no significant doubts regarding its operational continuity [7][8]. Financial Policies and Estimates - The financial statements are prepared based on actual transactions and in accordance with the accounting standards issued by the Ministry of Finance [7][8]. - Key accounting policies include provisions for bad debts, inventory write-downs, depreciation of fixed assets, and capitalization of research and development expenses [8][9]. Financial Data Highlights - As of June 30, 2025, the company reported bank deposits of RMB 552,477.77, with a significant increase from RMB 8,883.88 at the beginning of the period [22]. - The total fixed assets amounted to RMB 453,964,257.00, reflecting investments made by the company [22][23]. Taxation - The company is subject to a value-added tax rate of 13% and a corporate income tax rate of 25% [21].

二〇二五年七月十日 | 证券简称：华星创业 | 证券代码：300025 公告编号：2025-032 | | | --- | --- | --- | | 杭州华星创业通信技术股份有限公司 | | | | 张艳女士保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误 | | | | | 导性陈述或重大遗漏。 | | | 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 | | | | | 特别提示： | | | 杭州华星创业通信技术股份有限公司（以下简称"公司"）于2025年3月22 | | | | 日在巨潮资讯网（www.cninfo.com.cn）披露了《关于持股5%以上股东及高级管 | | | | 理人员减持股份的预披露公告》（公告编号：2025-006）。公司高级管理人员张 | | | | 艳女士持有公司173,550股（占公司总股本比例0.0341%），计划在2025年4月28 | | | | 日-7月27日期间以集中竞价方式减持本公司股份不超过43,000股（占公司总股本 | | | | | 比例0.0085%）。 | | | 近日，公司收到高级管理人员张艳女士出具的《关于减 ...

Core Viewpoint - The company, Hunan Xiangyou Technology Co., Ltd., has responded to the Shanghai Stock Exchange's inquiry regarding its 2024 annual report, detailing its revenue and gross margin trends across various business segments, particularly in the postal industry and other sectors. Revenue and Gross Margin Analysis - From 2022 to 2024, the company's revenue from the postal industry was 572 million, 417 million, and 481 million CNY, with corresponding gross margins of 10.72%, 44.17%, and 41.39% respectively, indicating a significant revenue increase but a decline in gross margin [1][2]. - The gross margins for system integration, software development, and operation maintenance in 2024 were 16.78%, 40.19%, and 11.51%, with year-on-year changes of -12.92, +17.64, and -6.14 percentage points respectively [1][3]. Client and Supplier Information - The company is required to disclose detailed information about its top ten clients and suppliers for 2023 to 2024, including their names, relationships, establishment dates, registered capital, personnel scale, transaction types, amounts, and payment statuses [2][3]. - The company has been actively exploring and expanding its business in sectors such as smart logistics, research institutions, rail transit, and finance, focusing on software development, product sales, system integration, data center construction, and data analysis services [3]. Industry Trends and Comparisons - The postal industry has seen an increase in equipment procurement by approximately 22.37 million CNY, a growth of 17.97%, while the platform operation services, particularly in aggregated payment, have risen by about 33.15 million CNY, reflecting an 11.86% increase [2][25]. - The company has achieved breakthroughs in expanding its business into external industries, particularly in software development and system integration, leading to higher gross margins in these sectors compared to the postal industry [25]. Accounting Practices - The company employs different accounting methods for revenue recognition, using the net method for external industry revenues, which significantly impacts the gross margin levels compared to the postal sector [25]. - The gross margin for the postal industry was 11.04% and 10.60% in the last two years, while for non-postal industries, it was 41.39% and 12.27%, indicating a substantial difference in profitability [25].

Core Viewpoint - The company, Hunan Xiangyou Technology Co., Ltd., is under scrutiny from the Shanghai Stock Exchange regarding its 2024 annual report, particularly focusing on its revenue and profit margins across different business segments, including postal and other industries [1]. Financial Performance - From 2022 to 2024, the company's revenue from the postal industry was 572 million, 417 million, and 481 million yuan, with corresponding gross margins of 10.72%, 11.04%, and 11.11% [1]. - Revenue from other industries was 11 million, 166 million, and 48 million yuan, with a significant decline in gross margin but still remaining high [1]. Customer and Supplier Relationships - The company is required to disclose detailed information about its top ten customers and suppliers in the other industries for 2023 to 2024, including names, relationships, establishment dates, registered capital, personnel scale, transaction types, amounts, and balances [1]. - The company has established partnerships in various sectors such as smart logistics, research institutions, rail transit, and finance, focusing on software development, product sales, system integration, data center construction, and data analysis services [2]. Revenue Changes and Analysis - The company must explain the reasons for changes in postal industry revenue, considering cost structures, order changes, and customer dynamics, as well as the reasons for the decline in gross margin in other industries despite being higher than that of the postal industry [1][21]. - The increase in postal group equipment procurement volume rose by approximately 22.37 million yuan, a growth of 17.97%, and the volume of aggregated payment services in platform operations increased by about 33.15 million yuan [21]. Project Collaborations - The company is involved in the "Zhihui Kangkang Multi-Functional Terminal" project in collaboration with Tianjin Membrane Technology Co., Ltd., which serves as the general contractor, while the company acts as an intermediary service provider [8][9]. - The project includes various functionalities such as operational information release, advertising, air quality management, public health, and edge computing [8]. Accounting Practices - The company adopts the net method for revenue recognition in the Zhihui Kangkang Multi-Functional Terminal project, which aligns with the commercial substance and accounting standards [9][20]. - The revenue from the project is recognized based on the completion of installation and acceptance, with a total confirmed revenue of 51.60 million yuan as of December 2024 [9]. Future Outlook - The company is actively planning to implement the Shanghai Metro Line 8 People's Square Station environmental control system project, which involves software and hardware integration [14][16]. - The project is expected to follow a phased payment structure, with a total project cycle of 10 months [14].

转自：北京日报客户端 建设国际科技创新中心，是习近平总书记亲自谋划、亲自部署、亲自推动的一项重大战略，是党中央赋 予北京的光荣使命和重大责任，也是推动首都高质量发展、率先基本实现社会主义现代化的重要支撑。 自2014年"科技创新中心"首次成为首都核心功能以来，北京始终坚持以国家战略需求为导向，以建设具 有全球影响力的科技创新中心为引领，充分发挥科技、教育和人才优势，持续深化科技体制机制改革， 着力将北京打造成为我国自主创新的重要源头和原始创新的主要策源地。 提高政治站位，锚定建设方向 党的十八大以来，习近平总书记11次视察北京、21次对北京发表重要讲话，从确立"四个中心"功能定 位、推进京津冀协同发展战略实施，到部署疏解非首都功能，再到擘画北京国际科技创新中心和高水平 人才高地建设蓝图，将科技创新深刻融入"建设一个什么样的首都，怎样建设首都"这个时代课题。北京 对标党中央指示要求，坚持教育、科技、人才一体部署、一体推进，全力打造能够体现国家意志、服务 国家需求、代表国家水平的国家战略科技力量。 坚持党的领导，把准科技创新政治方向。北京以高站位积极部署国际科技创新中心建设的战略要求，将 党组织的政治优势、组织优 ...

Group 1 - The core index of the A-share market showed mixed performance, with the CSI 500 Information Technology Index declining by 1.03% to 7591.7 points, with a trading volume of 53.243 billion yuan [1] - Over the past month, the CSI 500 Information Technology Index has increased by 4.95%, by 18.19% over the last three months, and by 10.82% year-to-date [1] - The CSI 500 Index is categorized into 11 primary industries, 35 secondary industries, and over 90 tertiary industries, providing a comprehensive analysis tool for investors [1] Group 2 - The top ten weighted stocks in the CSI 500 Information Technology Index include Shenghong Technology (5.83%), Huagong Technology (3.01%), Runhe Software (2.5%), and others [1] - The market capitalization distribution of the CSI 500 Information Technology Index shows that the Shenzhen Stock Exchange accounts for 57.95%, while the Shanghai Stock Exchange accounts for 42.05% [1] - The CSI 500 Information Technology Index consists entirely of companies from the information technology sector, with a 100% allocation [2] Group 3 - The index sample is adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, but can be modified in case of temporary adjustments due to sample changes [2] - Special events affecting sample companies, such as delisting or mergers, will lead to corresponding adjustments in the index sample [2]

Group 1 - Shanghai Hehe Information Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange [1]

公开资料显示，绿色云图为A股上市公司网宿科技（300017）控股子公司，主要提供基于浸没式液冷技 术的绿色数据中心整体解决方案，其研发的DLC直接浸没式液冷技术在云计算、融媒体、视频渲染等领 域已进入大规模商用阶段。 根据协议，兴瑞科技与绿色云图战略合作主要围绕产品委托加工、联合技术研发、资源共享与协作三大 方面。 在产品加工层面，绿色云图将液冷服务器算力综合系统解决方案中的系统集成设备、机箱、数据中心设 备、冷管、水冷机、油冷机等产品，在同等商务条件下优先委托给兴瑞科技进行加工生产；在技术研发 层面，双方将针对液冷服务器及相关领域的前沿技术开展联合研发，共同确定研发方向和项目；在资源 共享协作方面，绿色云图将利用在液冷技术领域的优势，为兴瑞科技提供实验模拟支持，协助后者优化 产品设计和生产工艺，同时兴瑞科技将发挥在模具开发、精密制造等方面的专长，为绿色云图提供模具 开发服务，并配合其完成新产品的打样和测试工作。 兴瑞科技主营精密零组件制造及研发，产品涵盖电子连接器、结构件、镶嵌注塑集成件等，广泛应用于 新能源汽车电装系统、智能终端及消费电子领域。在智能终端领域，公司已进入Vantiva、Sagemcom、 ...

报告导读： 港股方面，外资在 4-5 月加速流出，在 6 月以来有所回流，结构上主要流入 港股科技； A 股方面， Q2 外资整体小幅流入，结构上，外资主要增配 A 股红利、新能 源、非银等板块。 港股方面，外资在 4-5 月加速流出，在 6 月以来有所回流， Q2 整体仍流出港股约 1500 亿港元，其中 长线稳定型外资为主要流出项，流出约 1200 亿港元，而短线灵活型外资流出约 300 亿港元。结构上， 外资 Q2 主要流入港股软件服务、技术硬件等科技板块，主要流出银行、零售、医药等红利与消费板块。 A 股方面，据 2025Q2 陆股通持股数据， Q2 北向资金整体流入 585 亿元，若剔除中资托管资金， Q2 外资整体小幅流入约 114 亿元，其中长线稳定型外资流入 510 亿元，短线灵活型外资流出 395 亿元。 此外，据我们周频数据估算， Q2 外资整体可能小幅净流出，结果出现分歧的原因或源于季度数据不够精 细，历史上也曾出现季度数据大幅偏离高频数据加总的情况。结构上，外资 Q2 主要增配 A 股红利、新 能源、非银等板块，减配家电、食饮、机械等板块。 风险提示： 部分资金数据为估算值，与真实情况 ...