中国经济网北京10月9日讯新易盛（300502）（300502.SZ）今晚发布股东询价转让定价情况提示性公 告。根据2025年10月9日询价申购情况，初步确定的本次询价转让价格为328.00元/股；本次询价转让为 非公开转让，不通过集中竞价交易方式或大宗交易方式进行，不属于通过二级市场减持。受让方通过询 价转让受让的股份，在受让后6个月内不得转让。 参与本次询价转让报价及申购的机构投资者家数为29家，涵盖了基金管理公司、证券公司、合格境外机 构投资者、私募基金管理人等专业机构投资者。参与本次询价转让报价及申购的机构投资者合计有效认 购股份数量为29,260,000股，对应的有效认购倍数为2.6倍。 《2024年度募集资金存放与使用情况的专项报告》显示，2020年10月9日，公司收到中国证券监督管理 委员会《关于同意成都新易盛通信技术股份有限公司向特定对象发行股票注册的批复》（证监许可 〔2020〕2412号），公司向特定对象发行股票的注册申请已获得同意。公司本次向特定对象发行股票 31,226,336股，发行价格为52.84元/股，募集资金总额为人民币1,649,999,594.24元，扣除发行费用（不 含税 ...

2024年5月31日，公司披露《向不特定对象发行可转换公司债券预案》。本次向不特定对象发行可 转换公司债券拟募集资金不超过188,000.00万元（含本数），扣除发行费用后，募集资金净额将全部用 于成都高速率光模块扩建项目、泰国高速率光模块新建项目。 《2024年度募集资金存放与使用情况的专项报告》显示，2020年10月9日，公司收到中国证券监督 管理委员会《关于同意成都新易盛通信技术股份有限公司向特定对象发行股票注册的批复》（证监许可 〔2020〕2412号），公司向特定对象发行股票的注册申请已获得同意。公司本次向特定对象发行股票 31,226,336股，发行价格为52.84元/股，募集资金总额为人民币1,649,999,594.24元，扣除发行费用（不 含税）人民币18,237,001.77元后，实际募集资金净额为人民币1,631,762,592.47元，上述募集资金已于 2020年11月27日划转至公司指定的募集资金专项存储账户。立信会计师事务所(特殊普通合伙)对本次募 集资金到位情况进行了审验，并于2020年12月1日出具了《验资报告》（信会师报字[2020]第ZI10672 号）。 本次询价转让的原 ...

Core Viewpoint - Huamao Technology plans to acquire the remaining 57.84% stake in Fuchuang Youyue Technology, making it a wholly-owned subsidiary, through a significant asset restructuring transaction valued at 1.504 billion yuan [1][2]. Group 1: Transaction Details - The total transaction price for acquiring the 57.84% stake in Fuchuang Youyue is 1.504 billion yuan, with 1.022 billion yuan (68.00%) paid through the issuance of shares at a price of 29.80 yuan per share, and 481 million yuan (32.00%) paid in cash [1]. - Huamao Technology plans to raise up to 951 million yuan by issuing shares to its controlling shareholder, Dongyang Huasheng, primarily to fund cash payments and various projects including a new production base in Malaysia and expansion of the Shenzhen factory [1]. Group 2: Company and Industry Insights - Fuchuang Youyue is positioned in the global AI and computing power manufacturing industry, focusing on high-reliability complex products such as high-speed optical modules and copper cable connectors, with established partnerships with three of the top ten global optical module manufacturers [2]. - Financial data indicates strong growth for Fuchuang Youyue, with projected revenues of 643 million yuan and net profits of 75 million yuan for the first four months of 2025, and total assets reaching 1.782 billion yuan, a 43.50% increase compared to the end of 2024 [2]. - The transaction includes profit commitments from the sellers, ensuring net profits of no less than 200 million yuan, 250 million yuan, and 330 million yuan for the years 2025, 2026, and 2027 respectively, totaling a minimum of 780 million yuan [2]. - The acquisition allows Huamao Technology to enter the rapidly growing optical communication sector, with the raised funds expected to enhance production capacity to meet increasing market demand [2].

Core Viewpoint - Huamao Technology announced a major asset restructuring plan to acquire the remaining 57.84% equity of Shenzhen Fuchuang Excellent Technology Co., Ltd. for a total consideration of 1.504 billion yuan, which will make Fuchuang Excellent a wholly-owned subsidiary of Huamao Technology [1][2] Group 1: Transaction Details - The transaction price will be paid 68% in Huamao Technology's shares and 32% in cash, with the issuance of 34.3157 million shares at a price of 29.8 yuan per share [2] - Huamao Technology plans to raise up to 951 million yuan from its controlling shareholder to fund the cash payment and support the construction of Fuchuang Excellent's new production base in Malaysia, expansion of its Shenzhen factory, and upgrade of its R&D center [2] - The counterpart in the transaction has committed to performance targets for Fuchuang Excellent, with net profits of no less than 200 million yuan, 250 million yuan, and 330 million yuan for the years 2025, 2026, and 2027, respectively, totaling a minimum of 780 million yuan [2] Group 2: Company Profile - Fuchuang Excellent is a global player in the AI and computing power manufacturing industry, focusing on the intelligent manufacturing of core components such as high-speed optical modules and high-speed copper cable connectors [3] - The company has established stable partnerships with three of the top ten global optical module manufacturers and several domestic and international high-speed copper cable connector enterprises [3] Group 3: Financial Performance - Fuchuang Excellent achieved revenues of 570 million yuan, 1.231 billion yuan, and 643 million yuan for the years 2023, 2024, and the first four months of 2025, respectively, with net profits of 24.17 million yuan, 129 million yuan, and 74.93 million yuan [4] - In the first four months of 2025, the revenue breakdown by product shows that optical communication products accounted for 73.17%, copper cable connectors for 17.26%, and maritime communication products for 5.49%, with corresponding gross margins of 22.42%, 10.87%, and 11.56% [4] - The revenue distribution by region in the first four months of 2025 indicates that domestic sales were 233 million yuan (37.47%) and international sales were 388 million yuan (62.53%) [4] - Fuchuang Excellent faces a high customer concentration risk, with sales to its top five customers accounting for 87.48%, 88.98%, and 85.40% of total revenue in 2023, 2024, and the first four months of 2025, respectively [4]

Core Viewpoint - Huamao Technology (SH603306) reached its daily limit with a price of 55 yuan, marking a 10.01% increase and a total market capitalization of 18.447 billion yuan, driven by strategic transformations and positive market sentiment towards AI and computing power sectors [1][2]. Group 1 - Huamao Technology is undergoing a strategic transformation by acquiring 100% equity of Fuchuang Youyue, actively expanding into the AI and computing power industry chain, which is expected to create a second growth curve [2]. - The target company has achieved a net profit of 129 million yuan in 2024, with a cumulative performance commitment of 780 million yuan over the next three years, indicating expectations for profit enhancement [2]. - The controlling shareholder fully subscribed to supporting funds, increasing their shareholding from 14.96% to 20.53%, demonstrating support for the company's development [2]. Group 2 - The company has canceled its supervisory board and revised several management systems, repurchasing 6.42% of its shares (worth 782 million yuan) for employee incentives, which optimizes corporate governance and enhances decision-making efficiency [2]. - The recent popularity of the AI and computing power industry has led to active performance among related stocks, with Huamao Technology's positioning aligning with this market trend, creating a synergistic effect [2]. - Technical indicators such as the MACD forming a golden cross may attract technical investors, and significant net buying from major funds indicates recognition of the company's strategic transformation and growth prospects [2].

Market Overview - A-shares experienced a strong rally with the Shanghai Composite Index closing up 1.65% at 3875.31 points, and the ChiNext Index surged over 5%, surpassing the 3000-point mark, doubling from its low in September last year [1] - The total market turnover reached approximately 2.46 trillion yuan, with over 4200 stocks rising [1] Technology Sector - The technology sector saw a significant surge, particularly in the semiconductor and AI industry chains, with stocks like Haiguang Information and Tengjing Technology hitting the daily limit [1][3] - Oracle's stock price soared 36% to $328.33, marking its largest single-day gain since 1992, and its market value increased by $244 billion [2] - OpenAI signed a contract with Oracle to purchase $300 billion worth of computing power over five years, indicating strong demand in AI data centers despite concerns about potential market bubbles [2] AI Industry Chain - The AI industry chain is expected to maintain high growth, driven by increased investments in computing infrastructure by overseas cloud providers and accelerated AI deployment by domestic operators [3] - The high demand for AI-related hardware is anticipated to continue, with projections for revenue and profit growth in the sector through 2025 [3] Brokerage Sector - The brokerage sector saw a strong performance, with an overall increase of 3.11%, and all 50 constituent stocks rising [5] - Notable individual stock performances included Guohai Securities hitting the daily limit and Changjiang Securities rising nearly 7% [5] - Market sentiment is improving, leading to increased trading activity and providing stable support for brokerage firms' performance in the second half of the year [5][6] Pharmaceutical Sector - The pharmaceutical sector faced a downturn, particularly in the CRO and innovative drug segments, with major stocks like BeiGene and Hengrui Medicine declining [7] - Despite the recent adjustments, institutions remain optimistic about the innovative drug sector, citing strong growth potential driven by policy support and increased innovation [8] - The CXO sector is also showing signs of improvement, with recommendations to focus on leading companies in the ADC field [8]

Market Overview - A-shares experienced a strong rally on September 11, with the Shanghai Composite Index rising over 1.5% and the ChiNext Index surging over 5%, breaking the 3000-point barrier, doubling from last year's low [1] - The total trading volume in the Shanghai and Shenzhen markets reached 24.649 billion yuan, an increase of over 4.6 billion yuan compared to the previous day [1] Sector Performance - Nearly 100 stocks hit the daily limit, with over 4200 stocks in the green, particularly in the semiconductor and AI sectors, which saw significant gains [2] - The brokerage sector also saw strong performance, with Guohai Securities hitting the limit and Changjiang Securities rising nearly 7% [7] AI Industry Chain - AI-related stocks experienced a collective surge, with companies like Haiguang Information and Tengjing Technology hitting the daily limit, and Industrial Fulian achieving consecutive limit-ups [3][4] - Oracle's impressive earnings report and stock performance have sparked enthusiasm for investments in the AI industry chain [4][5] Brokerage Sector Insights - The brokerage sector showed strong upward movement, with several firms reporting significant gains, indicating a recovery in market sentiment and trading activity [7][9] - Citic Securities projected that the average daily trading volume in A-shares will reach 1.61 trillion yuan in the first half of 2025, reflecting a year-on-year increase of 62.5% [9] Pharmaceutical Sector Trends - The innovative drug sector in Hong Kong faced a significant downturn, with major companies like Hansoh Pharmaceutical and BeiGene experiencing substantial declines [10] - Concerns over potential regulatory changes in the U.S. regarding Chinese pharmaceuticals have contributed to market volatility in this sector [10][11]

Group 1 - The AI industry chain stocks experienced a significant surge, with companies like Juguang Technology and Sihui Fushi hitting a 20% limit up, and Oracle's stock price soaring by 36%, marking its largest single-day increase since 1992 [1] - Oracle's first fiscal quarter revealed a staggering $455 billion in unfulfilled obligations, a year-on-year increase of 359%, indicating strong demand for cloud computing driven by AI [1] - Oracle's partnership with OpenAI to develop a 4.5 GW data center in the U.S. and its projected cloud infrastructure revenue of $18 billion for fiscal year 2026, reflecting a nearly 77% year-on-year growth [1] Group 2 - GF Securities forecasts that the AI industry chain will maintain high prosperity in the first half of 2025, driven by strong global market synergy and domestic and international demand [2] - Continuous investment in computing power infrastructure by overseas cloud vendors is expected to sustain robust demand for hardware such as high-speed optical modules and AI servers [2] - The second half of 2025 is anticipated to see sustained high prosperity in the AI industry chain, leading to increased revenue, profits, and profitability for related companies [2]

Core Insights - The artificial intelligence industry is entering a critical phase of value realization, with a focus on profitability and operational efficiency as key trends [1][5] - In the first half of 2025, 83 out of 102 listed companies in the "AI+" sector reported positive net profits totaling 178.85 billion yuan, reflecting a year-on-year increase of 3.75% in the number of profitable companies and a 34.74% increase in profit scale [1][3] Industry Trends - The current focus of the AI industry is shifting towards sustainable commercial value realization and large-scale implementation, progressing along the path of "vertical deepening - consumer expansion - ecosystem building" [2] - Short-term strategies involve seeking application breakthroughs in vertical industries, with a notable increase in demand for customized services, leading to revenue from development fees, operational services, and performance-based revenue sharing [2] - Long-term prospects suggest that general artificial intelligence will demonstrate extensive commercial value in key sectors such as transportation, energy, and industrial manufacturing, expanding profit models to include virtual asset trading, in-scenario advertising, data services, and smart city projects [2] Company Performance - Over 60% of the AI-listed companies reported year-on-year profit growth, indicating a robust profitability trend within the industry [3] - Among the 64 companies with profit increases, 13 achieved a doubling of net profits, with Tuowei Information Systems leading at a remarkable 2262.83% growth due to enhanced R&D in AI computing devices [3] - Companies that previously faced losses are also showing improvement, with 10 out of 22 loss-making firms in 2024 reducing their losses and 9 turning profitable in the first half of 2025 [3] Strategic Developments - The impressive performance of AI-listed companies in the first half of 2025 is attributed to clear strategic planning and technological breakthroughs, with companies optimizing product structures and increasing the share of high-speed optical module products [4] - The AI industry is transitioning from a "heavy investment, light output" model to one focused on "value-driven" profitability, aided by advancements in computing power, algorithms, and multi-modal applications [5] Policy Support - The Chinese government has outlined a long-term development blueprint for the AI industry, aiming for deep integration with six key sectors by 2027 and a significant increase in the adoption of new intelligent terminals and agents [6] - This policy framework provides clear guidance for companies in technology R&D, scenario implementation, and commercial monetization, facilitating a shift towards high-quality development in the AI sector [6] Future Outlook - Companies are expected to align their strategies with industry transformation and policy directions, focusing on technological breakthroughs, value release through deep scenario engagement, and ecosystem collaboration to achieve sustainable growth in the new profitability phase [6][7]

Group 1 - The company, Dekoli (688205.SH), is developing high-speed optical modules using thin-film lithium niobate modulator chips [1] - The new optical module products include 400G and 800G options, designed for long-distance and low-power applications [1]