（一）公示情况 证券代码：688292 证券简称：浩瀚深度 公告编号：2025-067 公司于2025年10月23日在上海证券交易所网站（www.sse.com.cn）上披露了《北京浩瀚深度信息技术股 份有限公司2025年限制性股票激励计划（草案）》（以下简称"《激励计划（草案）》"）及其摘要、 《北京浩瀚深度信息技术股份有限公司2025年限制性股票激励计划激励对象名单》等公告，并于2025年 10月23日至2025年11月1日在公司内部对本次拟激励对象的姓名和职务进行了公示，公示期已满10天。 在公示期限内，公司员工可向监事会反馈意见。截至公示期满，监事会未收到任何员工对本次拟激励对 象提出的异议。 转债代码：118052 转债简称：浩瀚转债 北京浩瀚深度信息技术股份有限公司（以下简称"公司"）于2025年10月22日召开第四届董事会第二十七 次会议、第四届监事会第二十四次会议，审议通过《关于＜北京浩瀚深度信息技术股份有限公司2025年 限制性股票激励计划（草案）＞及其摘要的议案》等相关议案，根据《上市公司股权激励管理办法》 （以下简称"《管理办法》"）等相关规定，公司对2025年限制性股票激励计划授予激励 ...

Core Viewpoint - The recent administrative penalties imposed on delisted companies such as Fan Hai Holdings and Qingdao Zhongcheng highlight the ongoing trend of strict regulatory oversight in China's capital markets, emphasizing that "delisting does not exempt from liability" [1][3][11] Regulatory Actions - In October, seven delisted companies faced regulatory actions, including administrative penalties and investigations, indicating a comprehensive approach to enforcement throughout the IPO, operation, and delisting phases [1][3] - Qingdao Zhongcheng was penalized for long-term systematic financial fraud and failure to disclose significant litigation in a timely manner, resulting in fines totaling 20.6 million yuan [4][5] - Fan Hai Holdings received penalties for failing to disclose breaches of financing contracts, with unpaid debts amounting to 5.943 billion yuan in 2022 and 2.6 billion yuan in 2023, leading to fines of 8.4 million yuan [6][8] Investor Protection Mechanisms - The China Securities Regulatory Commission (CSRC) has strengthened investor protection measures, particularly in cases of major violations leading to forced delisting [8][10] - New guidelines encourage controlling shareholders to proactively compensate investors for losses incurred due to corporate misconduct, enhancing the legal framework for investor rights [9][10] - Various compensation mechanisms, including civil damages for false statements and representative lawsuits, are being utilized to protect investors during the delisting process [9][10]

Core Viewpoint - The company announced that its controlling shareholder, Yuandao (Wenzhou) Venture Capital Partnership, plans to reduce its shareholding by up to 26 million shares, representing 3% of the total share capital, through block trades and centralized bidding [3]. Shareholder Reduction Situation - The reduction plan allows for a maximum of 2% of the total share capital to be sold via block trades and 1% through centralized bidding [3]. - The reduction period is set to begin fifteen trading days after the announcement date and will last for three months [3]. - As of the announcement date, the reduction plan has been completed, and the shares sold were sourced from pre-IPO holdings and shares obtained through capital reserve conversion [4]. Compliance and Regulations - The reduction plan complies with relevant laws and regulations, including the Securities Law of the People's Republic of China and the Shenzhen Stock Exchange's rules [6]. - The implementation of the reduction plan aligns with previously disclosed plans, with no violations reported [7]. - The reduction did not breach any commitments made in the company's IPO prospectus [8].

Core Points - The Beijing Stock Exchange has decided to terminate the review of Kunlun Lian Tong Technology Development Co., Ltd.'s initial public offering (IPO) and listing application [1][2] Company Overview - Kunlun Lian Tong is a professional IT infrastructure solution provider, offering IT infrastructure solutions, IT operation and maintenance services, and IT value-added supply services tailored to the different development stages of enterprises [2] - The company’s IT infrastructure solutions include digital office solutions, cloud computing solutions, and information security solutions [2] IPO Details - Kunlun Lian Tong originally planned to issue no more than 24 million shares (including the base number, excluding the over-allotment option) in the IPO [3] - The company intended to raise approximately 458.44 million yuan (approximately 45.84 million) for business expansion, service system construction, intelligent operation and maintenance platform upgrades, and research and development center construction projects [4][5] - The total investment for the planned projects is 458.44 million yuan, with specific allocations as follows: - Business expansion and service system construction project: 272.07 million yuan - Intelligent operation and maintenance platform upgrade project: 100.32 million yuan - Research and development center construction project: 86.05 million yuan [5]

Core Points - The company Shanghai Jianhui Information Technology Co., Ltd. will hold a performance briefing for the third quarter of 2025 on December 2, 2025, from 09:00 to 10:00 [2][4] - The briefing will be conducted in an interactive online format via the Shanghai Stock Exchange Roadshow Center [3][4] - Investors can submit questions for the briefing from November 25 to December 1, 2025, and the company will address commonly asked questions during the session [2][5] Meeting Details - The meeting will take place at the Shanghai Stock Exchange Roadshow Center [4] - Key personnel attending the meeting include Chairman and General Manager Dai Jianwei, Deputy General Manager and Board Secretary Qiu Hong, and Independent Director Wu Lan [4] - Investors can access the meeting through the Roadshow Center's website [4][5]

Group 1 - The core viewpoint of the article is that Minglue Technology-W has successfully completed its global offering, with a final issue price set at HKD 141.00 per share, and the total amount raised is approximately HKD 1.02 billion [1] - The global offering consists of a base issuance of 7,219,000 shares, with an overallotment option of 1,082,800 shares, potentially increasing the total shares issued to 8,301,800 if the overallotment is fully exercised [1] - The offering received significant demand, with the Hong Kong public offering being oversubscribed by 4,452.86 times and the international placement oversubscribed by 13.93 times, resulting in a final allocation of 10% to the public offering and 90% to international placement [1] Group 2 - Seven cornerstone investors participated in the offering, collectively subscribing to 3,254,680 shares, which accounts for 45.1% of the total shares offered, with a total investment amount of approximately HKD 459 million [2] - The cornerstone investors include Huang River Investment Limited, Ms. Guo Minfang, Treasure-stone Investment Group Limited, Ms. Bao Lina, Hundreds Capital, GFH Financial Group B.S.C., and QuantumPharm Limited, with varying subscription amounts [2] - The exclusive sponsor for the global offering is China International Capital Corporation Hong Kong Securities Limited, with joint global coordinators and bookrunners including CITIC Securities and Huaxing Capital [3] Group 3 - Minglue Technology-W is expected to commence trading on the Hong Kong Stock Exchange on November 3, 2025, with a trading unit of 40 shares [3]

Core Insights - The fourth Guangdong-Hong Kong-Macao Greater Bay Area Service Trade Conference opened on October 31, focusing on "New Engine for Service Outsourcing, Accelerated Digital Trade" with participation from over 5,000 professionals from 38 countries and regions [2] Group 1: Event Overview - The conference follows a "one conference, three locations" model, with Hong Kong and Macau sub-venues having launched earlier on September 10 and October 23, respectively [2] - The Hong Kong sub-venue achieved a record contract amount of 5.236 billion yuan, while the Macau sub-venue reached 32 preliminary cooperation intentions, enhancing connections between Bay Area enterprises and Portuguese-speaking countries [2] Group 2: Key Projects and Financials - The main venue in Zhuhai featured nearly 30 activities, including exhibitions, industry forums, project roadshows, and matchmaking sessions, with 11 key projects signed, totaling 1.105 billion yuan [2] - The conference received 320 global outsourcing projects with a cumulative contract amount of 23.9 billion yuan, focusing on cutting-edge sectors such as robotics, artificial intelligence, new energy, and medical devices [3] - The event organized 35 roadshows, attracting participation from 58 domestic and international investment institutions, including China Service Trade Fund and Hongtai Fund [3]

Core Viewpoint - Minglue Technology-W (02718) is set to be listed in Hong Kong on November 3, with its dark market trading showing a significant price increase compared to its offering price [1]. Group 1: Company Overview - Minglue Technology-W's dark market trading price is reported at 295 HKD, which represents an increase of 109.22% from the offering price of 141 HKD [1]. - Each trading unit consists of 40 shares, leading to a potential profit of 6,160 HKD per unit, excluding transaction fees [1]. Group 2: Market Performance - The total market capitalization of Minglue Technology-W is approximately 42.592 billion HKD [2]. - The highest trading price recorded was 320 HKD, while the lowest was 211 HKD, indicating significant volatility in the early trading phase [2]. - The trading volume reached 383,200 shares, with a turnover rate of 0.27% [2].

Company Overview - The company has successfully transformed its computing power business, with total signed orders exceeding 2.4 billion CNY [2] - The company has delivered and deployed related computing power servers [2] Computing Power Business - The main service model involves purchasing GPU modules and assembling servers, followed by installation and ongoing operational support [5] - The company expects that projects delivered in the early stages will enter the billing cycle, positively impacting future performance [5] Robotics Development - The company holds a 40% stake in Future Partner Robotics (Shenzhen) Co., Ltd., which has launched a series of smart robot products [3] - The primary market entry point for the robotics business is through telecommunications operators, leveraging long-term partnerships for standardized and scalable product solutions [3] Accounts Receivable - As of the end of Q3, the company has a significant amount of accounts receivable, primarily from telecommunications operators, with a low likelihood of bad debts due to their strong financial status [4] AI Product Offerings - The company is developing smart hardware and AI-enabled modules, with current AI platforms targeting health care and home applications [6] - Specific products include an AI smart blood pressure monitor designed for elderly care and an AI smart alarm clock for home use, featuring interactive and educational functionalities [6]

Group 1 - Minglue Technology-W (02718) is set to be listed in Hong Kong on November 3 [1] - As of the report, Livermore Securities' dark trading shows a price of 303.8 HKD, representing an increase of 115.46% from the offering price of 141 HKD [1] - Each lot consists of 40 shares, resulting in a potential profit of 6,512 HKD per lot, excluding fees [1] Group 2 - The trading volume recorded is 35,000 shares, with a highest price of 320.0 HKD and a lowest price of 211.0 HKD [2] - The total market capitalization is approximately 43.862 billion HKD [2] - The current trading price reflects a significant increase of 162.8 HKD, with a turnover rate of 0.02% [2]