Group 1 - The company, Century Hengtong, announced the convening of its 19th board meeting on November 10, 2025, to discuss the proposal for the reappointment of an accounting firm [1] - For the first half of 2025, the revenue composition of Century Hengtong was as follows: 37.64% from vehicle owner information services, 36.21% from life information services, 26.05% from business process information services, and 0.1% from other businesses [1] - As of the report date, Century Hengtong's market capitalization was 3.5 billion yuan [1]

Company Overview - Century Hengtong Technology Co., Ltd. was established on June 21, 2006, and listed on the Shenzhen Stock Exchange on May 19, 2023. The company is a leading digital life information service provider in China, driven by technological innovation, offering diversified value-added services to large enterprise clients [1] Business Performance - As of Q3 2025, Century Hengtong reported revenue of 795 million yuan, ranking 10th in the industry out of 17 companies. The industry leader, Guanghuan Xinnet, generated revenue of 5.479 billion yuan, while the second, Runze Technology, reported 3.977 billion yuan. The industry average revenue was 1.565 billion yuan, with a median of 852 million yuan [2] - The main business segments include: - Vehicle owner information services: 203 million yuan (37.64%) - Life information services: 196 million yuan (36.21%) - Business process services: 141 million yuan (26.05%) - Other services: 524,600 yuan (0.10%) [2] - The net profit for the same period was 44.91 million yuan, ranking 8th in the industry. The industry leader, Runze Technology, achieved a net profit of 4.7 billion yuan, while the second, Aofei Data, reported 167 million yuan. The industry average net profit was 317 million yuan, with a median of 31.803 million yuan [2] Financial Ratios - As of Q3 2025, Century Hengtong's debt-to-asset ratio was 53.47%, higher than the industry average of 43.57%, and up from 40.13% in the same period last year [3] - The company's gross profit margin was 26.48%, exceeding the industry average of 23.57% and slightly up from 23.50% in the previous year [3] Executive Compensation - Chairman Yang Xinghai received a salary of 907,200 yuan in 2024, an increase of 393,700 yuan from 2023. He has been the chairman since June 2014 [4] - General Manager Yang Xingrong's salary for 2024 was 803,700 yuan, a slight increase from 801,200 yuan in 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 2.29% to 16,100, with an average of 3,800.56 circulating A-shares held per shareholder, a decrease of 2.24% from the previous period [5]

Core Insights - Century Hengtong reported a decline in revenue and net profit for the first three quarters of 2025, with revenue at 795 million yuan, down 14.23% year-on-year, and net profit at 47.62 million yuan, down 27.46% [1][2] Financial Performance - The company achieved a basic earnings per share of 0.48 yuan and a weighted average return on equity of 3.80% [2] - The price-to-earnings ratio (TTM) is approximately 62.04, the price-to-book ratio (LF) is about 2.80, and the price-to-sales ratio (TTM) is around 3.10 [2] - Gross margin for the first three quarters was 26.48%, an increase of 2.98 percentage points year-on-year, while net margin was 5.65%, a decrease of 1.31 percentage points [2] - In Q3 2025, the gross margin was 27.88%, up 2.60 percentage points year-on-year and 1.78 percentage points quarter-on-quarter, while the net margin was 3.90%, down 3.51 percentage points year-on-year and 3.64 percentage points quarter-on-quarter [2] Expense Analysis - Total operating expenses for Q3 2025 were 159 million yuan, an increase of 10.99 million yuan year-on-year, with an expense ratio of 20.05%, up 4.04 percentage points year-on-year [2] - Breakdown of expenses: sales expenses increased by 0.41%, management expenses by 6.17%, R&D expenses by 3.79%, and financial expenses by 53.09% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 16,100, a decrease of 2,426 (13.09%) from the end of the first half of the year [2] - The average market value per shareholder increased from 220,800 yuan to 234,200 yuan, a growth of 6.05% [2] Company Overview - Century Hengtong, established on June 21, 2006, and listed on May 19, 2023, is located in Guiyang, Guizhou Province [3] - The company provides value-added services to large enterprise clients, including financial institutions, telecom operators, and internet companies [3] - Revenue composition: 37.64% from vehicle owner information services, 36.21% from life information services, and 26.05% from business process services [3] - The company belongs to the communication services sector, specifically in communication application value-added services [3]

Group 1 - The company, Century Hengtong, announced the appointment of Ms. Gao Li as the securities affairs representative to assist the board secretary in fulfilling responsibilities [1] - For the first half of 2025, the revenue composition of Century Hengtong is as follows: 37.64% from owner information services, 36.21% from life information services, 26.05% from business process information services, and 0.1% from other businesses [1] - As of the report date, Century Hengtong has a market capitalization of 3.5 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation into a new "slow bull" pattern [1]

Company Summary - Century Hengtong (SZ 301428) announced a provision for credit impairment totaling 11.97 million yuan, which will reduce the net profit attributable to shareholders by 11.54 million yuan for the period from January to September 2025 [1] - The provision for credit impairment will also decrease the equity attributable to ordinary shareholders by the same amount as of September 2025 [1] - The credit impairment provision data is unaudited and will be confirmed by the annual audit from the accounting firm [1] Revenue Composition - For the first half of 2025, the revenue composition of Century Hengtong is as follows: - Owner information services accounted for 37.64% - Life information services accounted for 36.21% - Business process information services accounted for 26.05% - Other businesses accounted for 0.1% [1] Market Capitalization - As of the report date, Century Hengtong has a market capitalization of 3.5 billion yuan [1]

Group 1 - The core point of the article is that Century Hengtong has completed a share reduction plan involving significant shareholders and executives, resulting in a reduction of approximately 2.40% of the company's total shares [1] - The shareholders involved in the reduction include Lava Innovation and its affiliates, as well as company executives Tao Zhenglin and Hu Hairong, who collectively reduced about 2.36 million shares [1] - As of the latest report, Century Hengtong's market capitalization stands at 4.1 billion yuan [2] Group 2 - For the fiscal year 2024, Century Hengtong's revenue composition is as follows: 40.59% from vehicle owner information services, 39.49% from life information services, 19.82% from business process information services, and 0.1% from other businesses [1]

Group 1 - The core viewpoint of the article highlights that Century Hengtong's stock price closed at 41.52 yuan, with a PE ratio of 71.78, marking a new low in 67 days, and a total market capitalization of 4.097 billion yuan [1] - The average PE ratio for the internet services industry is 72.52, with a median of 79.91, placing Century Hengtong at the 96th position within the industry [1] - As of the first quarter of 2025, eight institutions hold shares in Century Hengtong, with a total of 12.3089 million shares valued at 521 million yuan [1] Group 2 - Century Hengtong Technology Co., Ltd. is a professional information technology service provider, offering value-added and expansion services to large enterprise clients such as financial institutions and telecom operators [1] - The company's main products and services include vehicle owner information services, lifestyle information services, and business process services [1] - For the first quarter of 2025, Century Hengtong reported revenue of 272 million yuan, a year-on-year decrease of 6.72%, and a net profit of 15.4228 million yuan, down 23.88%, with a gross profit margin of 25.54% [1]

者面临较大的市场风险。投资者应充分了解创业板的投资风险及本公司所披露的 风险因素，审慎作出投资决定。 世纪恒通科技股份有限公司 （住所：贵州省贵阳市贵阳国家高新技术产业开发区 中关村贵阳科技园核心区南园科教街 188 号） 首次公开发行股票并在创业板上市 招股说明书 保荐人（主承销商） （深圳市福田区福田街道福华一路 111 号） 1 本次发行股票拟在创业板上市，创业板公司具有创新投入大、新旧产业融合存在 不确定性、尚处于成长期、经营风险高、业绩不稳定、退市风险高等特点，投资 重要声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发 行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风险。 1 世纪恒通科技股份有限公司 招股说明书 本次发行概览 | 发行股票类型 ...

发行公告 保荐人（主承销商）：招商证券股份有限公司 特别提示 世纪恒通科技股份有限公司（以下简称"世纪恒通"、"发行人"或"公司"）根 据《证券发行与承销管理办法》（证监会令[第 208 号]）（以下简称"《管理办 法》"）《首次公开发行股票注册管理办法》（证监会令[第 205 号]）《深圳证 券交易所首次公开发行证券发行与承销业务实施细则》（深证上[2023]100 号） （以下简称"《业务实施细则》"）《深圳市场首次公开发行股票网上发行实施 细则》（深证上[2018]279 号）（以下简称"《网上发行实施细则》"）《深圳市 场首次公开发行股票网下发行实施细则（2023 年修订）》（深证上[2023]110 号） （以下简称"《网下发行实施细则》"）《深圳证券交易所创业板投资者适当性 管理实施办法（2020 年修订》（以下简称"《投资者适当性管理办法》"）《首 次公开发行证券承销业务规则》（中证协发[2023]18 号）（以下简称"《承销业 务规则》"）《首次公开发行证券网下投资者管理规则》（中证协发[2023]19 号） （以下简称"《网下投资者管理规则》"）等相关法律法规、监管规定及自律规 则等文件，以 ...

1 重要声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发 行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风险。 1 本次发行股票拟在创业板上市，创业板公司具有创新投入大、新旧产业融合存在 不确定性、尚处于成长期、经营风险高、业绩不稳定、退市风险高等特点，投资 者面临较大的市场风险。投资者应充分了解创业板的投资风险及本公司所披露的 风险因素，审慎作出投资决定。 世纪恒通科技股份有限公司 （住所：贵州省贵阳市贵阳国家高新技术产业开发区 中关村贵阳科技园核心区南园科教街 188 号） 首次公开发行股票并在创业板上市 招股意向书 保荐人（主承销商） （深圳市福田区福田街道福华一路 111 号） 世纪恒通科技股份有限公司 招股意向书 本次发行概览 | 发行股票类型 ...