A- share semiconductor "protection corps" ushered in new progress. On the evening of October 18, Haguang Information (688041) announced that the company spent 15.028 million yuan to implement the first repurchase. In addition, the company adjusted the fundraising project, including increasing the implementation subject and implementation location.

On August 25 this year, Haoguang Information plans to spend 30 million yuan to 50 million yuan to repurchase shares in the next year, and the repurchase price will not exceed 90 yuan per share. On October 18, Haguang Information announced that it had repurchased 270000 shares of the company for the first time through centralized bidding, accounting for 0.01 of the company's total share capital. The highest price of the repurchase transaction was 56.41 yuan per share, and the lowest price was 55 yuan per share. The total amount of funds paid is 15.028 million yuan.

In addition to buybacks, Haguang Information has also adjusted the fundraising project, increased the implementation entity and location, and used the proceeds to provide interest-bearing loans to subsidiaries.

the total amount of funds raised in the initial public offering of Haguang Information was 10.8 billion yuan, and the net amount of funds raised after deducting the issuance expenses was 10.583 billion yuan. As of September 30 this year, the company has invested a total of 4.241 billion yuan in investment projects with raised funds.

after the latest adjustment, haiguang information plans to add haiguang Chengdu, haiguang cloud core, haiguang Suzhou and integrated Beijing as the implementation subjects, and add Shanghai, Suzhou and Beijing as the implementation locations to implement the fund-raising projects "research and development of new generation haiguang universal processor", "research and development of new generation haiguang coprocessor" and "construction of advanced processor technology research and development center".

Haiguang Information stated that this adjustment is to further improve the efficiency of the use of raised funds, effectively integrate the internal resources and advantages of the company and its subsidiaries, so as to make more reasonable use of the company's existing technology, talents and other advantages, and ensure the construction of fundraising projects. During the implementation process and after it is put into production, it can operate better while maximizing the interests of the company and investors.

in addition, haiguang information plans to use the raised funds to provide interest-free loans not exceeding 0.5 billion yuan (inclusive) to haiguang Chengdu, interest-free loans not exceeding 0.2 billion yuan (inclusive) to haiguang cloud core, interest-free loans not exceeding 0.2 billion yuan (inclusive) to haiguang Suzhou, and interest-free loans not exceeding 0.8 billion yuan (inclusive) to integrated Beijing, and within the total amount of the above-mentioned loans to the implementing entity in one or more instalments. The term of the loan is until the completion of the fund-raising project, and the interest rate of the loan is paid to the company using the loan market quotation rate (LPR) published by the National Interbank Lending Center during the same period.

Regarding the above adjustments, Haguang Information stated that it has not changed the investment direction of the raised funds, there is no disguised change in the use of the raised funds, there is no harm to the interests of the company and shareholders, and it will not have a material impact on the implementation progress of the raised investment project. influences.

At present, the performance of Haiguang Information is growing steadily. The company's quarterly report released on October 17 showed that in the third quarter of 2023, the company achieved operating income of 1.331 billion billion yuan, a year-on-year increase of 3.22 percent, and attributable net profit of 0.224 billion billion yuan, a year-on-year increase of 38.27 percent. In addition, the company's R & D investment increased by about 40% year-on-year. According to reports, the new product Haanguang No. 3 was put on the market and was fully recognized by customers. The new product has strong competitiveness, the company's gross profit margin has been improved, and its performance has achieved rapid growth.

senior executives of Haoguang Information Company introduced during an institutional survey in September that at present, CPU products have a high contribution to the company's operating income, and the operating income of DCU products is growing.

In the Internet field, Haiguang Information DCU (Haiguang Co-Processor) products have been certified by Internet companies such as Baidu and Ali, and a joint program has been launched to build a full-stack AI infrastructure for domestic hardware and software. Haguang CPU can meet the needs of the commercial market, Haguang DCU is compatible with the "CUDA" ecology, and is well adapted to most of the mainstream models at home and abroad, such as Wenxin. Relying on DCU can realize the comprehensive application of large models represented by LLaMa, GPT, Bloom, ChatGLM, Wudao, Zidong Taichu, etc., DCU has reached the domestic leading level in terms of large model ecology.