截至9月30日，浩瀚深度股东户数7875.00，较上期减少5.05%；人均流通股12803股，较上期增加 17.97%。2025年1月-9月，浩瀚深度实现营业收入2.49亿元，同比减少21.51%；归母净利润-918.19万 元，同比减少124.88%。 融券方面，浩瀚深度12月4日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 资料显示，北京浩瀚深度信息技术股份有限公司位于北京市海淀区西四环北路119号A座二层，成立日 期1994年6月28日，上市日期2022年8月18日，公司主营业务涉及网络智能化及信息安全防护解决方案的 设计实施、软硬件设计开发、产品销售及技术服务等业务。主营业务收入构成为：信息安全防护解决方 案52.74%，网络可视化解决方案30.70%，大数据解决方案15.21%，其他产品1.11%，物联网系统 0.21%，其他(补充)0.03%。 12月4日，浩瀚深度跌3.59%，成交额1.20亿元。两融数据显示，当日浩瀚深度获融资买入额1227.84万 元，融资偿还596.91万元，融资 ...

Company Overview - Haohan Deep Technology Co., Ltd. is located in Haidian District, Beijing, and was established on June 28, 1994. The company went public on August 18, 2022. Its main business involves the design and implementation of network intelligence and information security protection solutions, as well as software and hardware design, development, product sales, and technical services [2]. Financial Performance - As of June 30, Haohan Deep reported a revenue of 154 million yuan for the first half of 2025, a year-on-year decrease of 34.95%. The net profit attributable to shareholders was 2.529 million yuan, down 92.58% year-on-year [2]. - The company has distributed a total of 53.3516 million yuan in dividends since its A-share listing [3]. Stock Performance - On October 24, Haohan Deep's stock price increased by 2.05%, reaching 21.93 yuan per share, with a trading volume of 19.2232 million yuan and a turnover rate of 0.88%. The total market capitalization is 3.473 billion yuan [1]. - Year-to-date, the stock price has risen by 11.43%, with a 4.33% increase over the last five trading days, a 10.82% decrease over the last 20 days, and a 4.93% increase over the last 60 days [2]. Shareholder Information - As of June 30, the number of shareholders for Haohan Deep was 8,294, a decrease of 1.04% from the previous period. The average number of circulating shares per shareholder increased by 1.05% to 10,853 shares [2]. Business Segmentation - The revenue composition of Haohan Deep's main business includes: - Information security protection solutions: 52.74% - Network visualization solutions: 30.70% - Big data solutions: 15.21% - Other products: 1.11% - IoT systems: 0.21% - Other (supplementary): 0.03% [2]. Industry Classification - Haohan Deep is classified under the Shenwan industry as: Computer - Computer Equipment - Other Computer Equipment. The company is associated with concept sectors including Huawei Kunpeng, AIAgent (intelligent agents), Huawei Ascend, data elements, and DeepSeek concepts [2].

Group 1 - The stock of Haohan Deep fell by 3.27% on October 10, with a trading volume of 62.199 million yuan [1] - On the same day, Haohan Deep had a financing buy-in of 7.1008 million yuan and a financing repayment of 8.0014 million yuan, resulting in a net financing buy of -0.9007 million yuan [1] - As of October 10, the total margin balance for Haohan Deep was 100 million yuan, which accounts for 4.24% of its market capitalization [1] Group 2 - The company reported a revenue of 154 million yuan for the first half of 2025, a year-on-year decrease of 34.95% [2] - The net profit attributable to the parent company for the same period was 2.529 million yuan, reflecting a year-on-year decrease of 92.58% [2] - The number of shareholders as of June 30 was 8,294, a decrease of 1.04% from the previous period [2] Group 3 - Since its A-share listing, Haohan Deep has distributed a total of 53.3516 million yuan in dividends [3]

Group 1 - The stock of Haohan Deep increased by 2.10% on September 11, with a trading volume of 64.07 million yuan [1] - On the same day, Haohan Deep had a financing purchase amount of 7.02 million yuan and a net financing purchase of 0.83 million yuan, with a total financing and securities balance of 86.13 million yuan [1] - The financing balance of Haohan Deep is 3.66% of its circulating market value, which is below the 50th percentile level over the past year, indicating a low financing level [1] Group 2 - As of June 30, Haohan Deep had 8,294 shareholders, a decrease of 1.04% from the previous period, while the average circulating shares per person increased by 1.05% to 10,853 shares [2] - For the first half of 2025, Haohan Deep reported operating revenue of 154 million yuan, a year-on-year decrease of 34.95%, and a net profit attributable to the parent company of 2.53 million yuan, down 92.58% year-on-year [2] Group 3 - Since its A-share listing, Haohan Deep has distributed a total of 53.35 million yuan in dividends [3]

Core Viewpoint - 瑞和数智科技控股有限公司预计2025年上半年将实现盈利约4300万至4400万元人民币，主要得益于前瞻性投资布局、管理效率提升和降本增效措施的持续推进 [1] Investment Performance - 瑞和数智的盈利增长主要源于其在投资领域的卓越表现，特别是参与联合要约收购东京中央拍卖控股有限公司，获得显著的持有收益 [2] - 该公司在2025年4月以每股0.44港元收购1500万股东京中央拍卖控股有限公司，至2025年6月30日股价已升至每股4.95港元，带来超过6000万港元的收益 [2] Core Business and Technology - 瑞和数智在金融科技领域持续深耕，提供大数据解决方案和营销科技，服务能力得到广泛认可 [4] - 公司积极拓展客户群体，将服务模式从金融机构扩展到其他行业，推动技术能力的跨行业迁移 [4] Diversification Strategy - 瑞和数智推进多元化发展战略，计划投资8000万港元布局加密货币资产与Web3.0赛道，以响应香港政府的政策 [5] - 公司与上海源庐加佳信息科技有限公司合作，致力于打造以国产GPU为核心的软硬件一体化解决方案 [5] Investment Empowerment Model - 瑞和数智的高管团队将持续探索更多价值投资的可能性，关注财务回报的同时，通过投后深度赋能企业发展 [6] Future Outlook - 2025年中期业绩盈利预喜反映了公司"科技深耕+战略投资"的双轮驱动模式的初步成效，未来将把握数字经济与智能时代的广阔机遇 [7]

Market Overview - The A-share market experienced fluctuations on July 31, with the Shanghai Composite Index down 1.18%, the ChiNext Index down 1.66%, and the Shenzhen Component Index down 1.73% [1] - The total market turnover approached 2 trillion yuan, reaching 1.9618 trillion yuan, an increase of 90.9 billion yuan compared to the previous trading day [1] Sector Performance - The large technology, medical biology, and related sectors saw gains, while cyclical sectors such as steel, coal, and insurance faced adjustments [3][7] - The AI and computing power sectors showed strong performance, with significant activity in liquid cooling servers and AI-related concepts [7] Notable Stocks - *ST Guandao (839680) resumed trading and hit a "30CM" limit up, closing at 12.24 yuan per share with a trading volume exceeding 200 million yuan and a turnover rate of over 51% [4][6] - Xizang Tourism (600749) achieved a historical trading volume, closing at 28.2 yuan per share after a series of nine consecutive limit-ups [10][12] Company Announcements - *ST Guandao announced the risk of being subject to major illegal forced delisting due to an ongoing investigation by the China Securities Regulatory Commission [6] - Xizang Tourism reported a projected net profit of approximately 2 million yuan for the first half of 2025, indicating a turnaround from losses [13] Investment Insights - Analysts suggest focusing on the computing power industry chain, as the AI wave continues to drive performance improvements in related companies [8] - The A-share market is expected to see structural opportunities in August, supported by policy and fundamental factors, with a focus on high-certainty industries [14]

Core Viewpoint - Beijing Haohan Deep Information Technology Co., Ltd. maintains a stable credit rating of A+ for both the company and its convertible bonds, indicating strong financial health and competitive advantages in the network visualization and information security sectors [1][3]. Company Overview - The company is a leading provider of network visualization, information security protection, and big data solutions in China, with a strong competitive position in the market [3][4]. - As of March 2025, the company has total assets of 17.03 billion yuan and equity of 11.60 billion yuan [8][9]. Financial Performance - In 2024, the company experienced a 15.03% decline in revenue due to delayed orders from major clients, resulting in a total revenue of 4.42 billion yuan [5][6]. - The company's total profit decreased by 48.75% in the same period, reflecting challenges in maintaining profitability amid high customer concentration [5][6]. - The company issued convertible bonds in Q1 2025, raising 346 million yuan, which improved its cash position to 612 million yuan [5][9]. Debt and Liquidity - The company's debt burden is relatively light, with a debt-to-asset ratio of 31.90% as of March 2025 [5][6]. - The company has strong short-term and long-term debt repayment capabilities, with no current credit lines but access to direct financing channels [3][4]. Market Position and Risks - The company relies heavily on a few major clients, particularly China Mobile, which accounted for 72.17% of its revenue in 2024 [16][4]. - The company faces risks related to material cost fluctuations and seasonal revenue variations, with significant revenue concentration in the second and fourth quarters [5][6]. Industry Analysis - The network visualization market in China is expected to grow, driven by the increasing demand for data management and security solutions, particularly with the expansion of 5G technology [10][12]. - The market size for network visualization in China grew from 170.24 billion yuan in 2017 to 342.02 billion yuan in 2023, indicating a robust growth trajectory [10][12]. - The competitive landscape includes both traditional telecom equipment manufacturers and specialized network visualization firms, with high barriers to entry due to technical requirements and customer loyalty [10][12].