香港交易及結算所有限公司、香港聯合交易所有限公司與證券及期貨事務監察委員會對本聆訊後資料集的內容 概不負責，對其準確性或完整性亦不發表任何意見，並明確表示概不就因本聆訊後資料集全部或任何部分內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 MeiG Smart Technology Co., Ltd. 美格智能技術股份有限公司 （「本公司」） (a) 本文件僅為向香港公眾提供有關本公司的資料，概無任何其他目的。投資者不應根據本文件中 的資料作出任何投資決定； (b) 在聯交所網站登載本文件或其補充、修訂或更換附頁，並不引起本公司、本公司的獨家保薦人、 整體協調人、顧問或承銷團成員在香港或任何其他司法權區必須進行發售活動的責任。本公司 最終會否進行發售仍屬未知之數； (c) 本文件或其補充、修訂或更換附頁的內容可能會亦可能不會在最後正式的上市文件內全部或部 分轉載； (d) 本文件並非最終的上市文件，本公司可能不時根據聯交所證券上市規則作出更新或修訂； (e) 本文件並不構成向任何司法權區的公眾提呈出售任何證券的招股章程、發售通函、通知、通告、 小冊子或廣告，亦非邀請公眾提出認購或購買任何證券的要約， ...

Core Insights - The report emphasizes the dual focus on AI advancements and the deepening of domestic network capabilities in the communication industry, predicting significant growth in AI-related investments and domestic production across various segments [4][5][6] - The anticipated performance for Q4 2025 shows a robust increase in net profits for key companies, with some expected to see over 50% year-on-year growth [4][15] Group 1: AI and Network Development - The AI focus is expected to evolve around overseas mapping, optical communication trends, and changes in optoelectronic technology, with a shift from Scale out to Scale up in ecosystem development [4][5] - Domestic production trends are accelerating across four key areas: chips, cloud, network, and end devices, with significant growth potential in the chip sector due to global supply chain dynamics [4][5] - The report highlights the expected explosion in demand for optical devices and chips, driven by AI needs and the introduction of new technologies like silicon photonics [5][6] Group 2: Company Performance Predictions - Key companies are projected to experience substantial profit growth, with notable increases such as Heertai (+798%), Guangku Technology (+439%), and 5.5G Canqin Technology (+290%) [4][15] - The report outlines specific performance forecasts for major players, indicating a strong recovery in demand across various sectors, including optical communication and satellite internet [4][15] - Companies like China Mobile and ZTE are expected to benefit from increased capital expenditures directed towards AI and network investments, enhancing their revenue and profitability [6][15] Group 3: Investment Opportunities - The report identifies several investment opportunities in the AI computing network, including companies like Zhongji Xuchuang and Xinyi Technology, which are positioned to benefit from the growing demand for AI capabilities [4][6] - The satellite internet sector is highlighted as having high barriers to entry and significant long-term investment potential, with companies like Zhenyou Technology and Xinke Mobile being key players [4][6] - The IoT sector is expected to see a surge in demand driven by AI and robotics, with companies like Lexin Technology and Guanghe Technology poised for growth [10][11]

Core Viewpoint - Megvii Technology Co., Ltd. has received a new High-tech Enterprise Certificate for its wholly-owned subsidiary, Shenzhen Megvii Intelligent Information Technology Co., Ltd., which will allow the company to benefit from tax incentives for three years [1] Group 1 - The High-tech Enterprise Certificate was issued by the Shenzhen Municipal Bureau of Industry and Information Technology, Shenzhen Municipal Finance Bureau, and the State Taxation Administration of Shenzhen [1] - The certificate is valid for three years, from December 25, 2025, to December 25, 2028 [1] - The company will enjoy a reduced corporate income tax rate of 15% from 2025 to 2027 due to this certification [1] Group 2 - The reacquisition of the High-tech Enterprise Certificate is a recognition of the company's efforts in technological research and independent innovation [1] - This certification is expected to lower the company's tax burden and positively impact its operational development [1]

Core Viewpoint - Megvii Technology's subsidiary, Shenzhen Megvii Intelligent Information Technology Co., Ltd., has received a new High-tech Enterprise Certificate, indicating its continued recognition as a high-tech entity in the industry [1] Group 1 - The certificate was issued by the Shenzhen Municipal Bureau of Industry and Information Technology, Shenzhen Municipal Finance Bureau, and the State Taxation Administration of Shenzhen [1] - The certificate number is GR202544203154, and it was issued on December 25, 2025, with a validity period of three years [1] - This issuance is a renewal of the previous High-tech Enterprise Certificate that had expired [1]

Core Viewpoint - Megvii Technology (002881.SZ) announced that its wholly-owned subsidiary, Shenzhen Megvii Intelligent Information Technology Co., Ltd. (referred to as "Megvii Intelligent"), received the "High-tech Enterprise Certificate" from the Shenzhen Municipal Bureau of Industry and Information Technology, Shenzhen Municipal Finance Bureau, and the State Taxation Administration of Shenzhen on February 5, 2026. The certificate number is GR202544203154, issued on December 25, 2025, and is valid for three years. This certification is a renewal of Megvii Intelligent's previous high-tech enterprise status that had expired [1]. Group 1 - Megvii Intelligent received a new high-tech enterprise certificate, indicating its continued recognition in the technology sector [1]. - The certificate is valid for three years, reflecting the company's ongoing commitment to innovation and technology development [1]. - The renewal of the high-tech enterprise status is crucial for Megvii Intelligent, as it may provide access to various government incentives and support [1].

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 美格智能技术股份有限公司（以下简称"公司"）全资子公司深圳市美格智 联信息技术有限公司（以下简称"美格智联"）于2026年2月5日收到深圳市工业 和信息化局、深圳市财政局、国家税务总局深圳市税务局联合颁发的《高新技术 企业证书》，证书编号为GR202544203154，发证时间为2025年12月25日，有效期 三年。 证券代码：002881 证券简称：美格智能 公告编号：2026－001 美格智能技术股份有限公司 关于公司全资子公司获得高新技术企业证书的公告 本次系美格智联原高新技术企业证书有效期满所进行的重新认定，根据《中 华人民共和国企业所得税法》等相关规定，通过国家高新技术企业认定并向主管 税务机关办理完毕减免税手续后，美格智联将自2025年起连续三年（即2025年— 2027年）享受国家关于高新技术企业的相关税收优惠政策，按15%的税率缴纳企 业所得税。高新技术企业证书的取得，是对美格智联在技术研发和自主创新方面 的努力所给予的肯定和鼓励，有利于降低企业税负，对公司的经营发展也有着积 极的推动作用。 特此 ...

Core Viewpoint - The company, Meige Intelligent (002881.SZ), is actively developing products that support satellite IoT and has recently launched terminal products that integrate satellite communication with AI-assisted positioning [1] Group 1: Product Development - The company offers modules and solution products that support satellite IoT and 5G NTN two-way satellite communication technology [1] - It has also developed terminal products that integrate 4G all-network communication with Tiantong satellite network, which have been shipped in small batches to customers [1] - Recently, the company introduced terminal products that combine satellite communication with AI-assisted positioning, indicating a continuous expansion of application scenarios for satellite communication technology [1] Group 2: Industry Context - Satellite communication and satellite IoT are emerging industries, and the implementation of related technologies and products is influenced by multiple factors such as technological iteration, market environment, and customer demand [1]

Core Viewpoint - The company has successfully applied its 5G high-speed communication modules in humanoid robots for a domestic robotics enterprise, with initial small-scale shipments already made [1] Group 1: Product Development - The company’s 48T high-performance AI module offers advantages in performance, low power consumption, and high energy efficiency, addressing technical challenges in humanoid robots such as space, endurance, and heat dissipation [1] - A new generation of high-performance AI modules has been launched, featuring diluted computing power of 100T and dense computing power of 200T [1] Group 2: Industry Collaboration - The company is engaging in technical and product integration with multiple domestic enterprises in the robotics supply chain [1] - The company aims to continue promoting the application of 5G communication and edge AI technology in the robotics sector [1] Group 3: Market Dynamics - The robotics industry is characterized as an emerging sector, with the implementation of related technologies and products influenced by factors such as technological iteration, market environment, and customer demand, leading to inherent uncertainties [1]

Core Viewpoint - Meige Intelligent has shown a mixed performance in stock trading, with a slight decline in share price and significant trading volume, while also reporting strong revenue and profit growth year-on-year [1][2]. Group 1: Stock Performance - On January 16, Meige Intelligent's stock price decreased by 2.03%, trading at 47.68 yuan per share, with a total transaction volume of 2.41 billion yuan and a turnover rate of 2.74% [1]. - The company's market capitalization stands at 12.481 billion yuan [1]. - Year-to-date, the stock price has increased by 7.00%, with a 2.10% rise over the last five trading days, a 12.56% increase over the last 20 days, and a 4.17% increase over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Meige Intelligent achieved a revenue of 2.821 billion yuan, representing a year-on-year growth of 29.30%, and a net profit attributable to shareholders of 113 million yuan, up by 23.88% [2]. - The company has distributed a total of 133 million yuan in dividends since its A-share listing, with 85.6208 million yuan distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Meige Intelligent reached 52,700, an increase of 4.38% from the previous period, while the average number of circulating shares per person decreased by 3.29% to 3,469 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 1.2513 million shares, a decrease of 1.3823 million shares from the previous period [3].

Group 1 - The commercial aerospace sector is experiencing a strong rebound, with notable stock performances from various companies [1] - Galaxy Electronics has achieved six consecutive trading limits, indicating robust investor interest and confidence [1] - Companies such as Jieli Rigging and Oriental Communication have also shown strong performance, with three and two consecutive trading limits respectively [1] Group 2 - Other companies like Dahua Intelligent and Daming City have reached trading limits, reflecting a broader positive trend in the sector [1] - Oriental Rising, Liujin Technology, and Zhongtai Co. have all seen stock increases exceeding 10%, further highlighting the sector's growth [1] - Additional companies including Meg Intelligent, China Great Wall, China First Heavy Industries, Fushun Special Steel, and Zhongchao Holdings have also experienced upward movement in their stock prices [1]