根据《深圳市震有软件科技有限公司之增资协议》（以下简称"《增资协议》"）约定，震有软件在《增 资协议》签署后已收到震启汇智缴付的50%增资款（即首期增资款10,000万元），并于2025年2月完成 了本次增资扩股事项的工商变更登记手续，取得了由深圳市市场监督管理局换发的《营业执照》。具体 内容详见公司于2025年2月7日披露于上海证券交易所网站（www.sse.com.cn）的《关于全资子公司增资 扩股进展暨完成工商变更登记的公告》（公告编号：2025-002）。 近日，震有软件已收到震启汇智分期缴付的剩余50%增资款（即10,000万元）。截至本公告披露日，震 有软件已收到震启汇智缴付的全部增资款项共计人民币20,000万元。 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的 真实性、准确性和完整性依法承担法律责任。 一、交易概况 深圳震有科技股份有限公司（以下简称"公司"）于2024年12月30日召开第三届董事会第三十五次会议， 审议通过了《关于全资子公司增资扩股引入投资者暨公司放弃优先认购权的议案》，同意全资子公司深 圳市震有软件科技有限公司（以下简称"震有软件 ...

证券代码：688418 证券简称：震有科技 公告编号：2025-055 深圳震有科技股份有限公司（以下简称"公司"）于 2024 年 12 月 30 日召 开第三届董事会第三十五次会议，审议通过了《关于全资子公司增资扩股引入投 资者暨公司放弃优先认购权的议案》，同意全资子公司深圳市震有软件科技有限 公司（以下简称"震有软件"）通过增资扩股方式引入投资者深圳市光明区震启 汇智投资合伙企业（有限合伙）（以下简称"震启汇智"），震启汇智以人民币 20,000 万元认购震有软件新增注册资本 1,281.25 万元，其余 18,718.75 万元计入 震有软件资本公积，公司放弃本次增资的优先认购权。交易完成后，震有软件的 注册资本由 2,050.00 万元增加至 3,331.25 万元，公司直接持有震有软件的股权比 例由 100%变更为 61.54%，震有软件仍属于公司合并报表范围内的控股子公司。 具 体 内 容 详 见 公 司 于 2024 年 12 月 31 日 披 露 于 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）的《关于全资子公司增资扩股引入投资者暨公司放弃优先认 购权的公告》（公告编 ...

Core Viewpoint - As of October 22, 2023, 53 A-shares have crossed the annual line, indicating a potential bullish trend in the market despite a slight decline in the Shanghai Composite Index [2][3] Group 1: Market Overview - The Shanghai Composite Index is at 3905.69 points, with a decrease of 0.27% [2] - The total trading volume of A-shares today is 13846.11 billion yuan [2] Group 2: Stocks Crossing the Annual Line - Notable stocks with significant deviation rates include: - China Railway Construction (中铁装配) with a deviation rate of 9.52% and a price increase of 13.35% [3] - Zhuhai Free Trade Zone Group (珠免集团) with a deviation rate of 8.66% and a price increase of 10.08% [3] - Wanda Bearings (万达轴承) with a deviation rate of 6.93% and a price increase of 12.09% [3] - Other stocks that have just crossed the annual line with smaller deviation rates include: - Debi Group (德必集团) and Huaren Pharmaceutical (华仁药业) [2][3]

Core Viewpoint - Zhenyou Technology's stock increased by 5.03% to 30.70 CNY per share, with a trading volume of 214 million CNY and a market capitalization of 5.911 billion CNY as of October 22 [1] Company Overview - Zhenyou Technology, established on April 4, 2005, and listed on July 22, 2020, is located in the Guangming District of Shenzhen, Guangdong Province. The company specializes in the research, development, production, sales, and service of communication system equipment [1] - The revenue composition of Zhenyou Technology includes: - Smart networks and emergency systems: 41.27% - Technical and maintenance services: 26.07% - Optical networks and access systems: 19.13% - Core network systems: 10.86% - Others: 2.66% [1] Shareholder Information - Yongying Fund's Yongying High-end Equipment Smart Selection Mixed Fund A (015789) entered the top ten circulating shareholders of Zhenyou Technology in the second quarter, holding 1.0152 million shares, which is 0.53% of the circulating shares. The estimated floating profit today is approximately 1.4924 million CNY [2][4] - The fund was established on July 15, 2022, with a current scale of 113 million CNY. Year-to-date returns are 20.01%, ranking 4288 out of 8160 in its category, while the one-year return is 18.72%, ranking 4216 out of 8026. Since inception, the fund has experienced a loss of 11.01% [2] Fund Management - The fund manager of Yongying High-end Equipment Smart Selection Mixed Fund A is Zhang Lu, who has been in the position for 6 years and 84 days. The total asset scale of the fund is 15.413 billion CNY, with the best fund return during the tenure being 124.46% and the worst being -60.31% [3] Fund Holdings - Yongying High-end Equipment Smart Selection Mixed Fund A increased its holdings in Zhenyou Technology by 288,400 shares in the second quarter, bringing the total to 1.0152 million shares, which constitutes 4.79% of the fund's net value, making it the sixth-largest holding [4]

Group 1 - The company signed a procurement contract with ChaoXun Communication for the purchase of data center equipment for the second phase of the Lanzhou New Area Big Data Industrial Park on December 30, 2022 [3] - On August 2025, the company received a civil lawsuit from the Guangzhou Tianhe District People's Court due to a sales contract dispute with ChaoXun Communication, leading to the freezing of several bank accounts [3] - As of the announcement date, the company had a total of 8 frozen bank accounts, with a total amount applied for freezing of RMB 119,357,883.50, and actual frozen funds amounting to RMB 45,919,996.33, which represents 5.07% of the company's latest audited net assets attributable to shareholders and 14.41% of the latest audited consolidated cash balance [3] Group 2 - As of October 20, the company's stock closed at RMB 29.26 per share, up 1.99%, with a total market capitalization of RMB 5.634 billion [4] - The stock opened at RMB 28.88 and reached a high of RMB 30.20 during the trading session [6]

证券代码：688418 证券简称：震有科技 公告编号：2025-054 深圳震有科技股份有限公司 关于公司涉及诉讼暨部分银行账户被冻结的 进展公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 案件所处的诉讼阶段：暂未开庭审理。 上市公司所处的当事人地位：被告。 涉案金额：暂计为人民币 119,357,883.5 元。（不包含律师费、诉讼费、 保全担保费等费用） 是否会对上市公司损益产生负面影响：本次所涉诉讼案件不影响公司日 常生产经营，公司将采取有力措施依法维权，切实维护公司及全体股东的合法权 益。鉴于诉讼案件尚未开庭审理，后续的判决及执行情况尚存在不确定性，公司 后续将依据会计准则的相关要求和诉讼案件实际情况进行相应的会计处理。公司 将密切关注并积极推进案件进程，及时履行信息披露义务。敬请广大投资者注意 投资风险。 近日，深圳震有科技股份有限公司（以下简称"公司"）获悉新增部分银行 账户被冻结，现将有关情况公告如下： 一、诉讼的基本情况 2022 年 12 月 30 日，公司与超讯通信股份有限公司（以下 ...

震有科技公告称，因与超讯通信买卖合同纠纷，公司成被告，涉诉金额暂计1.19亿元，案件未开庭。除 前期5个被冻结账户，新增3个账户被冻结，被申请冻结1.19亿元，实际冻结4591.99万元，占最近一期经 审计归母净资产5.07%、货币资金余额14.41%。被冻结均为一般户，未对公司资金周转和日常经营造成 实质影响，公司将协商沟通，依法维权。 ...

Market Overview - As of 14:00, the Shanghai Composite Index is at 3859.80 points, with an increase of 0.52% [1] - The total trading volume of A-shares today is 1,431.28 billion yuan [1] Technical Analysis - A total of 84 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - The stocks with the largest distance between their 5-day and 10-day moving averages include: - Yunnan Zhenye: 5-day MA is -2.45% below the 10-day MA [1] - Qiangli New Materials: 5-day MA is -2.22% below the 10-day MA [1] - Feirongda: 5-day MA is -2.14% below the 10-day MA [1] Individual Stock Performance - Yunnan Zhenye (002428): Today's change is -0.93%, with a 5-day MA of 27.71 yuan and a 10-day MA of 28.41 yuan [1] - Qiangli New Materials (300429): Today's change is +0.53%, with a 5-day MA of 13.95 yuan and a 10-day MA of 14.26 yuan [1] - Feirongda (300602): Today's change is +1.03%, with a 5-day MA of 33.00 yuan and a 10-day MA of 33.72 yuan [1] - Other notable stocks include: - Warner Pharmaceuticals (688799): Today's change is +0.43%, with a 5-day MA of 55.41 yuan [1] - Blue Ying Equipment (300293): Today's change is +0.34%, with a 5-day MA of 24.48 yuan [1] Additional Stock Data - The following stocks also show a downward trend in their 5-day moving averages compared to their 10-day moving averages: - Nanya New Materials (688519): -0.90% change, 5-day MA of 74.18 yuan [1] - Aerospace Morning Light (600501): -2.84% change, 5-day MA of 23.60 yuan [1] - Haichen Pharmaceutical (300584): +1.92% change, 5-day MA of 57.39 yuan [1]

Investment Rating - The report maintains a positive outlook on the communication industry, emphasizing three main lines of investment: AI computing network differentiation, strengthening of the satellite industry, and optimization of the economic cycle [5][6]. Core Insights - The AI industry is evolving towards inference-driven models, with a diversified computing power solution landscape. The domestic supply chain for chips and modules is beginning to integrate, and the data center supply-demand inflection point has emerged [5][6]. - The satellite communication sector is experiencing significant catalysts, with a complete industry chain forming. Direct satellite connections are expected to drive growth in antennas, RF chips, and inter-satellite communication [5][6]. - The report identifies several high-quality cyclical stocks with confirmed growth and low valuations, particularly in sectors like Beidou navigation and controllers, suggesting a potential return of the investment "pendulum" [5][6]. Summary by Sections AI Computing Network - The AI computing network is highlighted as a key investment line, with operators actively building computing power and expected stable growth. High dividend yields continue to attract investors [5][6]. - The network equipment sector benefits from AI demand, with capital expenditures from operators and CSPs providing structural boosts [5][6]. - The optical device and chip industry is seeing continuous performance releases, driven by both domestic and international demand [5][6]. Satellite Communication - The satellite internet industry is undergoing intense catalysis, with multiple segments expected to maintain high value and high barrier attributes. The focus is on regular launch progress and commercialization [5][6]. Economic Cycle Optimization - The report emphasizes the recovery of demand in various sectors, including high-precision positioning and connectors, with significant growth expected in industrial automation and IoT driven by AI and robotics [5][6]. - The IDC sector is experiencing a structural supply-demand reversal, with core demand remaining in short supply, indicating a sustained high economic cycle [5][6]. Company Performance Predictions - The report forecasts significant profit growth for key companies in the communication sector for Q3 2025, with expected net profit growth rates exceeding 50% for several firms, including NewEase (220%), and 5.5G Canqin Technology (120%) [5][6]. - Companies like China Mobile and China Telecom are expected to maintain stable capital expenditures and improve return on equity through optimized revenue-cost dynamics [7][8]. Key Companies and Their Prospects - **China Mobile**: Focused on AI computing networks, with stable capital expenditure and improved ROE [7]. - **Zhongji Xuchuang**: Leading in optical modules, benefiting from AI computing demand [7]. - **NewEase**: Strong brand presence in optical communication, expected to benefit from AI computing network demand [7]. - **Tianfu Communication**: Anticipated to maintain high growth due to increasing demand for optical devices [7]. - **Zhongxing Communication**: Positioned well for growth through digital transformation and internal profit margin improvements [8]. This comprehensive analysis highlights the positive outlook for the communication industry, driven by advancements in AI, satellite technology, and cyclical recovery across various sectors.

Investment Rating - The report maintains a positive outlook on the communication industry, indicating an "Overweight" rating for the sector [2][22]. Core Insights - The report emphasizes three main lines for the communication industry in 2025: differentiation in computing networks, strengthening of the satellite industry, and optimization of the economic cycle [4][5]. - The AI industry is evolving towards inference-driven models, with a diversified approach to computing solutions. The supply-demand turning point for data centers has been observed, and technologies like liquid cooling are accelerating penetration [4][5]. - The satellite communication sector is experiencing intensive industry catalysis, forming a closed loop across the entire industry chain, with direct satellite connections expected to drive growth in antennas, RF chips, and inter-satellite communication [4][5]. - The report identifies several high-quality cyclical stocks with confirmed growth and low valuations, particularly in sectors like Beidou navigation and controllers, suggesting a return of the investment "pendulum" [4][5]. Summary by Sections Computing Network - The AI industry trend is shifting towards inference dominance, with the upstream supply chain for domestic chips and modules beginning to integrate [4]. - Data center supply-demand dynamics are changing, with liquid cooling technologies gaining traction [4][5]. Satellite Communication - The second half of 2024 marks a significant catalyst for the satellite communication industry, with a complete industry chain now established [4][5]. Economic Cycle Optimization - The report highlights the importance of downstream economic conditions, particularly in sectors like Beidou navigation and controllers, indicating a strong potential for cyclical stocks [4][5]. Performance Forecast for Key Companies - The report forecasts significant profit growth for key companies in the communication sector for Q3 2025, with expected net profit growth rates exceeding 50% for several firms, including NewEase (220%), and 5.5G Canqin Technology (120%) [4][14]. - Companies like China Mobile and China Telecom are expected to maintain stable capital expenditures, with a focus on AI computing networks [6][14]. Related Companies - Key companies identified include Zhongji Xuchuang, NewEase, and Huagong Technology in the AI computing network segment, and operators like China Mobile and China Telecom [4][6][14].