Core Viewpoint - Dongguan Hongya Digital Technology Co., Ltd. has been established with a registered capital of 100,000 RMB, indicating a new player in the technology and manufacturing sectors [1] Company Overview - The company is engaged in a variety of activities including technology services, development, consulting, and transfer, showcasing a focus on technological innovation [1] - It also involves in the manufacturing and sales of paper products and stationery, indicating diversification in its business model [1] Business Scope - The operational scope includes general projects such as technical services, paper product manufacturing, packaging materials sales, and office equipment manufacturing [1] - The company is authorized to conduct business activities independently based on its business license, which reflects compliance with regulatory requirements [1]

Group 1 - The company expects to report a loss for the period from January 1, 2025, to June 30, 2025, based on preliminary estimates from the finance department, which have not been audited by an accounting firm [1][2] - The company has made progress in expanding its smart products and new materials, leading to improved operating efficiency compared to the same period last year [2] - The company plans to further increase its market share in smart products and new materials in the second half of 2025, aiming to enhance operational performance [2] Group 2 - The company has triggered a delisting risk warning due to its financial indicators, which have shown negative net profits for three consecutive years, and its recent audit report indicates uncertainty about its ability to continue as a going concern [3] - The company's stock will be subject to delisting risk warning and other risk warnings starting April 28, 2025, if it fails to meet the Shenzhen Stock Exchange's regulations [3] - Investors are advised to pay attention to the company's financial data, which will be disclosed in the 2025 semi-annual report [4]

Core Viewpoint - Shenzhen Tongwei Digital Technology Co., Ltd. has announced its 2024 annual equity distribution plan, which includes a cash dividend of 3.2 yuan per 10 shares for all shareholders, totaling approximately 69.97 million yuan [2][3][4]. Equity Distribution Plan - The total number of shares for the distribution is 218,666,131 after excluding 827,800 shares held in the repurchase account [2][3]. - The cash dividend will be distributed at a rate of 3.2 yuan per 10 shares, with a total cash dividend amounting to 69,973,161.92 yuan [2][4]. - The ex-dividend price will be adjusted to reflect the cash dividend, calculated as 3.187931 yuan per 10 shares after the distribution [4][8]. Key Dates - The record date for the equity distribution is set for July 8, 2025, and the ex-dividend date is July 9, 2025 [5]. Distribution Method - The cash dividends will be directly credited to the accounts of shareholders through their securities companies on the ex-dividend date [7]. Financial Management - The company has utilized its idle funds to purchase bank wealth management products, with a total investment of up to 500 million yuan planned for such investments [12][15]. - Recent redemptions of wealth management products yielded a total return of 642,991.79 yuan from investments of 11 million yuan [13].

Core Viewpoint - The report outlines the verification opinion of Guosen Securities regarding the listing and circulation of restricted shares from the offline placement of Zhejiang Lanyu Digital Technology Co., Ltd.'s initial public offering (IPO) [1][5]. Summary by Sections 1. Overview of the Initial Public Offering - Zhejiang Lanyu Digital Technology Co., Ltd. has received approval from the China Securities Regulatory Commission for its IPO, issuing 20 million shares, which will be listed on the Shenzhen Stock Exchange's Growth Enterprise Market on December 20, 2024 [1]. 2. Share Capital Structure Post-IPO - Before the IPO, the total share capital was 60 million shares, which increased to 80 million shares post-IPO. The unrestricted shares amount to 18,965,755 shares (23.71%), while restricted shares total 61,034,245 shares (76.29%) [2]. 3. Conditions for Lifting Share Restrictions - The offline placement investors are subject to a lock-up arrangement where 90% of their allocated shares are unrestricted, while 10% are subject to a 6-month lock-up period starting from the IPO date. The total number of shares subject to the 6-month lock-up is approximately 103,424.5 thousand shares, representing 5.17% of the total IPO shares [2][3]. 4. Compliance with Commitments - All shareholders holding restricted shares have adhered to their commitments during the lock-up period, with no violations reported that would affect the listing of these restricted shares [3]. 5. Changes in Share Capital Structure - The share capital structure before and after the lifting of restrictions shows a decrease in restricted shares from 79,344,518 (76.29%) to 78,000,000 (75.00%), while unrestricted shares increased from 24,655,482 (23.71%) to 26,000,000 (25.00%) [4]. 6. Verification Opinion of the Sponsor - Guosen Securities confirms that the lifting of restrictions on shares complies with relevant regulations and that the shareholders have fulfilled their commitments made during the IPO. The information disclosed regarding the lifting of restrictions is deemed true, accurate, and complete [5].

Group 1: Company Globalization and Market Expansion - The company has established a wholly-owned subsidiary in Singapore and further subsidiaries in Vietnam and Germany to expand its Southeast Asian and European market presence, leveraging local resources and tax incentives to reduce production costs and enhance profitability [6] - The company aims to achieve "multi-dimensional" revenue growth by continuously expanding its business areas and product application scenarios [6] Group 2: Future Performance Assurance and Investor Returns - In 2025, the company plans to focus on continuous R&D investment and technological innovation to optimize product processes, reduce waste, and lower operational costs [6] - The construction of the smart manufacturing base is expected to be completed by the end of August 2025, which will enhance production capacity and efficiency [6] Group 3: Business Scope and Strategic Adjustments - The company has expanded its business scope to include energy management systems, upgrading from smart streetlights to microgrid energy management systems, aligning with green energy development trends [7] - The company is actively exploring domestic and international markets, increasing investment in new product development, and strengthening supply chain management to address declining sales revenue and gross margin [8] Group 4: Production Base Layout - The company currently operates four manufacturing bases located in Xuzhou, Huizhou, Suqian, and Vietnam [8]