Group 1 - The core point of the news is that Ba Yi Shi Kong (688181.SH) reported its Q3 2025 results, revealing a decline in institutional investor holdings by 8.86 percentage points compared to the previous quarter, with a total of 485.79 thousand shares held by five institutional investors, representing 3.61% of the total share capital [1] - Among public funds, only one fund, Dongfang Quantitative Growth Flexible Allocation Mixed A, increased its holdings, while 74 public funds, including Huatai-PB Technology Innovation Mixed A and Bosera Shanghai Stock Exchange Science and Technology Innovation Board New Materials ETF, were not disclosed in the current period [1] - For social security funds, one fund, Huatai-PB Fund Management Co., Ltd. - Social Security Fund 17022 Portfolio, reduced its holdings by 1.47%, while another fund, Huatai-PB Fund Management Co., Ltd. - Social Security Fund 423 Portfolio, was not disclosed in the current period [2]

Group 1 - The core viewpoint of the news is that Ba Yi Shikong (688181.SH) reported its semi-annual results for 2025, revealing significant details about institutional and public fund holdings [1] - As of August 15, 2025, a total of 8 institutional investors disclosed holdings in Ba Yi Shikong A-shares, with a combined holding of 16.4656 million shares, accounting for 12.24% of the total share capital [1] - The institutional holding ratio decreased by 0.25 percentage points compared to the previous quarter [1] Group 2 - Among public funds, two funds reduced their holdings compared to the previous quarter, specifically the Huatai-PineBridge Private Vitality Mixed Fund and the Huatai-PineBridge Technology Innovation Mixed A Fund, with a reduction ratio of 0.27% [1] - For social security funds, one fund increased its holdings, namely the Huatai-PineBridge Social Security Fund 17022 combination, with an increase ratio of 0.11% [2] - Conversely, one social security fund, the Huatai-PineBridge Social Security Fund 423 combination, saw a decrease in holdings by 0.18% compared to the previous quarter [2]

Company Overview - Beijing Bayi Shikong Liquid Crystal Technology Co., Ltd. reported total assets of approximately 3.17 billion yuan at the end of the reporting period, reflecting an increase of 8.67% compared to the previous year [1] - The company's net assets attributable to shareholders reached approximately 415.37 million yuan, marking a year-on-year increase of 10.63% [1] Financial Performance - The company's operating income for the reporting period was approximately 415.37 million yuan, up from 375.47 million yuan in the same period last year, representing a growth of 10.63% [1] - Total profit decreased to approximately 39.22 million yuan, down 32.12% from 57.78 million yuan in the previous year [1] - Net profit attributable to shareholders was approximately 29.80 million yuan, a decline of 36.49% compared to 46.93 million yuan in the same period last year [1] - The net profit after deducting non-recurring gains and losses was approximately -4.27 million yuan, a significant decrease from 40.38 million yuan in the previous year, indicating a decline of 110.57% [1] Shareholder Information - As of the end of the reporting period, the total number of shareholders was 9,597 [3] - The largest shareholder, Zhao Lei, holds 20.46% of the shares, amounting to approximately 27.52 million shares [3] - Other notable shareholders include Shanghai Axing Investment Management Co., Ltd. and various funds managed by Huatai-PineBridge [3][4]

Core Viewpoint - The company, Beijing Bayi Shikong Liquid Crystal Technology Co., Ltd., is set to hold an investor briefing on June 27, 2025, to discuss its 2024 annual and 2025 Q1 performance, allowing for interactive communication with investors [1][2]. Group 1: Meeting Details - The investor briefing will take place on June 27, 2025, from 10:00 to 11:00 AM [1][2]. - The meeting will be held at the Shanghai Stock Exchange Roadshow Center and will be conducted in an interactive online format [1][2]. - Investors can submit questions from June 20 to June 26, 2025, through the Shanghai Stock Exchange Roadshow Center website or via the company's email [1][3]. Group 2: Participants - Key participants in the briefing will include the Chairman and General Manager Zhao Lei, Deputy General Manager and Board Secretary Xue Xiuyuan, and Financial Director Zhang Xiahong, among others [2]. Group 3: Contact Information - The company’s securities department can be contacted at 010-69762688 or via email at byzq@bayi.com.cn for any inquiries related to the briefing [3]. Group 4: Post-Meeting Access - After the investor briefing, participants can access the meeting's details and main content through the Shanghai Stock Exchange Roadshow Center [3].

Core Viewpoint - The company plans to repurchase shares through a centralized bidding process, with a total repurchase amount between RMB 50 million and RMB 100 million, funded by its own resources and a special loan from Shanghai Pudong Development Bank [1][4][10] Summary by Sections Repurchase Plan Overview - Total repurchase amount: not less than RMB 50 million and not more than RMB 100 million [1][4] - Funding sources: company’s own funds and a special loan from Shanghai Pudong Development Bank, not exceeding RMB 70 million [1][4][7] - Purpose of repurchase: to be used for employee stock ownership plans or equity incentives [1][4][9] - Maximum repurchase price: not exceeding RMB 40 per share, capped at 150% of the average trading price over the last 30 trading days prior to the board's decision [1][4][6] - Method of repurchase: through the Shanghai Stock Exchange trading system via centralized bidding [1][4][5] - Duration of repurchase: within 12 months from the board's approval date [1][4] Shareholder and Management Information - Confirmation from major shareholders: no plans for share reduction by controlling shareholders, actual controllers, or significant shareholders within the next three months or six months [1][10][12] - Proposal date: May 12, 2025, by the chairman and controlling shareholder Zhao Lei [1][4][10] Financial Impact and Structure - Estimated repurchase quantity: between 1.25 million shares and 2.5 million shares, representing approximately 0.93% to 1.86% of the total share capital [4][6] - Company’s total assets as of March 31: RMB 3,036.126 million, with net assets of RMB 2,061.5663 million [8][9] - The repurchase will not significantly impact the company's financials, as the funding primarily comes from a special loan [8][9] Compliance and Regulatory Aspects - The repurchase plan complies with relevant regulations and does not require shareholder meeting approval [2][3] - The company will adjust the repurchase terms if there are changes in regulations [5][12] - A dedicated securities account for the repurchase has been established [13]

Summary of Key Points Core Viewpoint - The legal opinion letter confirms the legality and validity of the procedures and results of the 2024 Annual General Meeting of Beijing 8 Billion Space Liquid Crystal Technology Co., Ltd. [1][9] Group 1: Meeting Organization - The 2024 Annual General Meeting was convened by the company's board of directors and announced 20 days in advance [3][4] - The meeting will take place on May 16, 2025, at the company's headquarters, with both on-site and online voting options available [3][4] Group 2: Attendance and Voting - A total of 42 shareholders and their proxies attended the meeting, representing 33,521,236 shares, which is 25.8198% of the total voting shares [4][5] - The online voting system recorded participation from 38 shareholders, representing 29,514,390 shares, or 22.7336% of the total voting shares [5][6] Group 3: Voting Procedures and Results - All proposals listed in the meeting agenda were voted on without any modifications during the meeting [6][9] - The voting results for key proposals included: - Approval of the 2024 Board of Directors' Work Report: 33,462,691 votes in favor [6][7] - Approval of the 2024 Supervisory Board's Work Report: 33,462,691 votes in favor [6][7] - Approval of the 2024 Profit Distribution Plan: 33,339,538 votes in favor [6][7] - Approval of the 2024 Annual Report: 33,462,691 votes in favor [6][7] - Approval of the 2025 Financial Budget Report: 33,462,691 votes in favor [6][7] - Approval of the 2025 Audit Firm Reappointment: 33,462,691 votes in favor [6][7] - Approval of the 2024 Director and Supervisor Remuneration: 5,009,011 votes in favor for directors and 33,116,294 votes in favor for supervisors [7][8] - Approval of various other proposals, including financing and amendments to the company’s articles of association, with similar majority support [8][9] Group 4: Conclusion - The legal opinion concludes that the meeting's organization, attendance, and voting procedures comply with relevant laws and the company's articles of association, rendering the resolutions valid [9]

Meeting Details - The shareholders' meeting was held on May 16, 2025, at the company's office in Beijing [1] - A total of 42 ordinary shareholders attended, holding 33,521,236 voting rights, which represents 25.82% of the company's total voting rights [1] Voting Results - All non-cumulative voting proposals were approved with a high level of support, including: - Proposal 1: 99.83% approval from ordinary shareholders [2][3] - Proposal 2: 99.46% approval from ordinary shareholders [1][3] - Proposal 3: 99.66% approval from ordinary shareholders [3] - The voting process adhered to legal and regulatory requirements, ensuring the legitimacy of the resolutions passed [4] Legal Compliance - The company confirmed that the meeting's convening, attendance, and voting procedures complied with relevant laws, regulations, and the company's articles of association, resulting in valid resolutions [4]

Core Viewpoint - The company plans to repurchase its shares through a centralized bidding process, with a total repurchase amount ranging from RMB 50 million to RMB 100 million, utilizing its own funds and a special loan from Shanghai Pudong Development Bank [1][4][10]. Group 1: Repurchase Plan Details - Total repurchase amount: Not less than RMB 50 million and not exceeding RMB 100 million [1][4]. - Source of funds: Company’s own funds and a special loan from Shanghai Pudong Development Bank, with the loan amount not exceeding RMB 70 million [1][4][8]. - Purpose of repurchase: To be used for employee stock ownership plans or equity incentives [1][4][10]. - Maximum repurchase price: Not exceeding RMB 40 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [1][4][6]. - Repurchase method: Through the Shanghai Stock Exchange trading system via centralized bidding [1][4][5]. Group 2: Implementation Timeline and Procedures - Repurchase period: Within 12 months from the board's approval of the repurchase plan [4][5]. - Board meeting: The proposal was approved unanimously by the board on May 16, 2025 [2][3]. - No existing plans for major shareholders to reduce their holdings during the repurchase period [1][11]. Group 3: Financial Impact and Company Position - Estimated repurchase quantity: Between 1.25 million shares and 2.5 million shares, representing approximately 0.93% to 1.86% of the total share capital [6][7]. - Company’s total assets: As of March 31, 2025, total assets were RMB 3.036 billion, with net assets of RMB 2.062 billion [10]. - The repurchase will not significantly impact the company's operations, finances, or future development [10][12].