一、持续督导工作情况 登录新浪财经APP 搜索【信披】查看更多考评等级 根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》《上海证券交易所上 市公司自律监管指引第11号——持续督导》等有关法律、法规的规定，长城证券股份有限公司（以下简 称"长城证券"、"保荐机构"）作为珠海高凌信息科技股份有限公司（以下简称"高凌信息"、"公司"）持 续督导工作的保荐机构，负责高凌信息上市后的持续督导工作，并出具2025年半年度持续督导跟踪报告 二、保荐机构和保荐代表人发现的问题及整改情况 2025年上半年度，保荐机构和保荐代表人未发现高凌信息存在需要整改的重大问题。 三、重大风险事项 （一）核心竞争力风险 1、新产品开发的风险 公司所处军用通信、网络内容与内生安全等行业均属于技术密集型行业，技术更新及下游市场需求变化 较快。现阶段，公司军用电信网通信设备包括程控通信、语音加密网、IMS网、移动通信网、星网接入 等方向；网络内容安全产品业务主要围绕电信网、移动互联网、互联网、广电网、运营商等有害信息防 范领域开展相关业务，持续强化公司在专用接入设备、自然人语音识别、大数据分析、反诈大模型迭代 升级等方面的 ...

Core Viewpoint - The acquisition of 100% equity in Xinnuo Communication by Gaoling Information has been terminated due to a lack of consensus among the parties involved in the transaction [1][5]. Group 1: Acquisition Details - Gaoling Information planned to acquire Xinnuo Communication for six months but announced the termination of the acquisition on June 2, 2024 [1]. - The termination was attributed to the failure of the parties to reach an agreement on the final transaction plan [1][5]. - Xinnuo Communication had submitted an IPO application in June 2023, which was accepted by the Shanghai Stock Exchange, but it was voluntarily withdrawn on June 25, 2024 [4]. Group 2: Financial Performance - Gaoling Information has experienced a decline in revenue for two consecutive years, with reported revenues of CNY 5.17 billion, CNY 3.56 billion, and CNY 2.66 billion from 2022 to 2024, reflecting year-on-year changes of 4.48%, -31.13%, and -25.23% respectively [7]. - The net profit has also decreased for three consecutive years, with figures of CNY 884.17 million, CNY 460.52 million, and a loss of CNY 522.76 million for the same period, showing year-on-year declines of 25.66%, 47.92%, and 213.52% respectively [7]. - In 2024, the company reported its first loss since going public, primarily due to reduced demand in the military telecommunications equipment sector and increased accounts receivable [7][8]. Group 3: Research and Development - Despite financial challenges, Gaoling Information maintained stable R&D investment, amounting to CNY 80.04 million in 2024, which constituted 30.03% of its revenue [1][9]. - The company has focused its R&D efforts on advanced technologies such as secure fixed-line communication, integrated communication technology, and artificial intelligence, targeting key business areas like military communication network construction [9].