Stock Performance - GDC stock experienced significant volatility, rising by 5.25% to close at $4.61, with a trading volume of 8,988 shares and a fluctuation of 5.94%. This movement occurred against a backdrop of a 0.66% decline in the overall digital entertainment sector, indicating market interest in the AI digital human field [2]. Financial Performance - The recent financial report indicated that the company had zero revenue, a net profit of $12.09 million, and earnings per share of $0.48, while reporting a gross loss of $440,600. The price-to-earnings ratio stands at 14.45 times. Currently, no institutions have issued rating recommendations for the stock [3]. Business Developments - The company's main business focuses on AI digital human technology customization and live e-commerce. Its subsidiary, AI Catalysis Corp., launched a virtual anchor matrix on the TikTok platform in November 2023. Additionally, the company received a non-compliance notice from Nasdaq due to shareholder equity falling below required levels, necessitating the submission of a compliance plan, which may impact long-term market confidence [4].

Core Viewpoint - The collaboration between Chongqing Anti-Fraud Center and Du Xiaoman has led to the launch of the "Year of the Horse Anti-Fraud Promotion Kit," featuring the first digital anti-fraud song in China, "Didi Guardian," created using AI technology [1][2]. Group 1 - The digital anti-fraud song "Didi Guardian" is part of a broader initiative to enhance anti-fraud awareness through innovative content [1][2]. - Du Xiaoman has developed a dual protection system combining "technical early warning" and "criminal linkage," leveraging voiceprint models and AI assistants [1][2]. - Du Xiaoman has provided anti-fraud reminder services to 453,900 users, successfully preventing financial losses amounting to 217 million yuan [1][2].

Group 1 - The digital RMB sector experienced a decline of 0.23% compared to the previous trading day, with Hanbang High-Tech leading the drop [1] - The Shanghai Composite Index closed at 4131.98, reflecting an increase of 0.09%, while the Shenzhen Component Index closed at 14160.93, showing a decrease of 0.35% [1] - The net outflow of main funds in the digital RMB sector amounted to 48.2381 million yuan, while retail investors saw a net inflow of 45.2 million yuan [1] Group 2 - The net outflow of speculative funds reached 404 million yuan in the digital RMB sector [1] - A detailed table of individual stock fund flows in the digital RMB sector was provided, indicating varied performance among stocks [1]

Group 1 - The company has participated in the CIPS cross-border payment system and has developed related payment products [1] - The company is currently working on product development and customer expansion based on new digital RMB usage rules and application scenarios [1] - The company has performed system modifications for some clients related to the CIPS system [1]

Core Insights - The introduction of digital RMB smart contracts for wage payments to migrant workers represents a significant innovation in ensuring timely and full salary disbursement, addressing long-standing issues in traditional payment methods [1][2]. Group 1: Digital RMB Smart Contracts Implementation - The first nationwide implementation of digital RMB smart contracts for migrant worker salary payments occurred in Chengdu, providing a new pathway to solve wage payment challenges in the construction sector [1][2]. - The digital RMB smart contract system allows for automatic salary disbursement, targeted fund allocation, and full traceability, effectively mitigating concerns related to wage payments [2][3]. Group 2: Technological and Collaborative Innovations - The successful application of digital RMB smart contracts in wage payments is attributed to collaborative efforts and technological innovations, with the Bank of Communications facilitating the process through a dedicated digital RMB wallet and smart contract system [2][3]. - The "Anxin Zhu" platform developed by a local company provides accurate business data, enhancing the precision of wage payments and addressing issues such as mismanagement and lack of transparency in traditional payroll systems [3]. Group 3: Broader Applications and Future Prospects - Digital RMB smart contracts have been piloted in various fields beyond wage payments, including prepaid fund management and supply chain finance, with a total of 486,400 contracts signed and a transaction amount of 316 million yuan as of January 2026 [4]. - The smart contracts can automatically execute fund transfers based on predefined conditions, ensuring that funds are used appropriately and reducing the risk of misuse [5][6]. - Future applications of digital RMB smart contracts are expected to expand, with ongoing innovations aimed at enhancing financial services and governance, supported by the establishment of blockchain service platforms [6].

Core Viewpoint - The collaboration between Chongqing Anti-Fraud Center and Du Xiaoman introduces an innovative "Tech Anti-Fraud" campaign, featuring the first digital anti-fraud song, marking a significant integration of AI technology into anti-fraud education [1][5]. Group 1: Campaign Overview - The "Year of the Horse Anti-Fraud Three-Piece Set" includes a digital song, an AI short drama, and an interactive game, targeting different audience segments effectively [1][2]. - The digital song "Didi Guardian" aims to resonate with the younger generation by transforming fraud cases into catchy lyrics, thus promoting anti-fraud knowledge in an engaging manner [1][2]. Group 2: Technological Integration - Du Xiaoman has provided anti-fraud reminder services to 453,900 users, preventing financial losses amounting to 217 million yuan, showcasing the effectiveness of its AI technology [5]. - The company plans to upgrade its voiceprint recognition system and deepfake prevention model by 2025, enhancing its capabilities to detect high-risk behaviors in real-time [5][6]. Group 3: Community Engagement - The campaign leverages a comprehensive media network to disseminate anti-fraud knowledge, aiming to make it accessible to the general public [5]. - The initiative emphasizes the importance of community vigilance during the high-fraud season of the Spring Festival, encouraging users to verify suspicious situations through official channels [6].

Core Viewpoint - The implementation of the first digital RMB smart contract for migrant workers' wage payments in Chengdu, Sichuan, represents a new digital financial model aimed at ensuring timely and full wage payments for migrant workers, thereby enhancing their welfare and interests [1][3]. Group 1: Digital RMB Smart Contract Implementation - The digital RMB smart contract automates wage payments through a computer program that executes contract obligations based on predefined conditions, eliminating human intervention and supporting cross-institutional interoperability [1][5]. - During the wage payment process, the Bank of Communications opened a corporate wallet for the construction company and utilized a smart payment contract to distribute over 1 million yuan to 104 workers, effectively preventing fund misappropriation [1][5]. Group 2: Data Empowerment and Industry Solutions - The "Anxin Zhu" platform developed by Yizhi Technology provides clear and accurate business data, enhancing the management of funds through digital RMB smart contracts, thus addressing issues like "separation of people and cards" and ensuring workers receive their wages accurately [2][6]. - Sichuan Province, with over 150,000 construction companies and more than 4 million workers, is focusing on digital solutions to tackle wage arrears, emphasizing a comprehensive digital governance model [2][6]. Group 3: Market Demand and Future Developments - The market demand for digital RMB smart contracts is expanding, with applications in areas such as fiscal subsidies and supply chain finance, which improve payment monitoring and fund processing efficiency [3][6]. - As of January 2026, there have been 486,400 signed contracts with a total transaction amount of 316 million yuan in various pilot applications, indicating significant growth in the use of digital RMB smart contracts [3][6]. - Future plans include enhancing system services and promoting existing models while collaborating with member banks to innovate applications of digital RMB smart contracts for industry development and social governance [7].

Core Insights - The People's Bank of China has facilitated the launch of the first digital RMB smart contract for wage payments to migrant workers in Chengdu, marking a new model for digital and inclusive finance [1] - The digital RMB smart contract automates wage disbursement, ensuring funds are not misappropriated and are paid in full according to wage details [1] Group 1: Digital RMB Smart Contracts - Digital RMB smart contracts enable the digitalization, automation, and enforcement of contracts, eliminating human intervention and supporting cross-institutional interoperability [1] - The smart contract ecosystem allows for automatic execution of funds based on pre-set conditions, enhancing financial security and efficiency in various applications [2] Group 2: Applications and Impact - Smart contracts have been piloted in areas such as prepaid fund management, supply chain finance, corporate finance management, and subsidy distribution, demonstrating their versatility [2] - In prepaid fund management, funds remain with consumers until conditions are met, ensuring protection against misuse [2] - By January 2026, there will be 486,400 signed contracts with a total transaction amount of 316 million yuan in various sectors [3]

Core Viewpoint - The digital RMB sector experienced a 1.2% increase on February 10, with Chip Origin Technology leading the gains, reflecting positive market sentiment towards digital currency initiatives [1]. Market Performance - The Shanghai Composite Index closed at 4128.37, up 0.13% - The Shenzhen Component Index closed at 14210.63, up 0.02% [1]. Digital RMB Sector Stocks - Chip Origin Technology (688521) closed at 239.00, up 8.54%, with a trading volume of 218,100 shares and a transaction value of 5.184 billion yuan - Digital Vision (300079) closed at 6.76, up 8.16%, with a trading volume of 2,398,300 shares and a transaction value of 1.635 billion yuan - ST Tianxiang (300205) closed at 4.78, up 7.90%, with a trading volume of 84,400 shares and a transaction value of 39.502 million yuan - Other notable stocks include Guotou Intelligent (300188) up 7.57% and Dongfang Guoxin (300166) up 6.30% [1]. Capital Flow Analysis - The digital RMB sector saw a net outflow of 357 million yuan from institutional investors, while retail investors contributed a net inflow of 288 million yuan [2]. - Notable stocks with significant capital inflows include Guotou Intelligent with a net inflow of 1.29 billion yuan from institutional investors [3]. ETF Information - The Entrepreneurial Board Artificial Intelligence ETF (product code: 159381) tracks the performance of the Entrepreneurial Board AI Index, with a recent five-day change of 1.28% and a net redemption of 672.5 million yuan [6]. - The Science and Technology Innovation Artificial Intelligence ETF (product code: 589010) tracks the Shanghai Stock Exchange Science and Technology Innovation Board AI Index, with a recent five-day change of -0.43% and a net subscription of 276.27 million yuan [6].

Core Insights - The first digital RMB smart contract for wage payment to migrant workers has been successfully implemented in Chengdu, Sichuan, under the guidance of the People's Bank of China, marking a new model for digital finance and inclusive finance [1] Group 1: Digital RMB Smart Contract Implementation - The digital RMB smart contract utilizes a digital ecosystem service platform to automate and enforce wage payments, eliminating human intervention and supporting cross-institutional interoperability [1] - As of January 2026, the digital RMB smart contract has been piloted in areas such as prepaid fund management, supply chain finance, corporate group financial management, and subsidy distribution, with a total of 486,400 contracts signed and a cumulative transaction amount of 316 million yuan [1] Group 2: Future Developments - The Digital RMB Operations Management Center plans to continuously enhance system services and promote existing models while collaborating with member banks to innovate applications of digital RMB smart contracts [2] - The initiative aims to provide more intelligent services for industry development and social governance, supporting the construction of the financial "five major articles" [2]