Group 1 - The core viewpoint of the article emphasizes the importance of corporate credit as a lifeline for business survival and development, highlighting its role in fostering innovation and high-quality growth [1] - The Beijing Enterprise Innovation Credit Leading Action is a key initiative in building the social credit system in Beijing, focusing on "innovation capability" and "credit status" as dual core dimensions for selection [1] - The selection process for the credit-leading enterprises involves self-declaration, compliance review, and comprehensive evaluation, ensuring that selected companies have no serious adverse credit records in the past two years [1] Group 2 - Quantipai, founded 11 years ago, adheres to the mission of "driving the world with data, illuminating life with intelligence," leveraging its self-developed AI technology platform to provide intelligent and precise consumer experiences [2] - The company has core advantages in digital operations across diverse consumption scenarios, offering full-link support from traffic acquisition to customer management, thus contributing to the sustainable growth of the consumption industry [2] - Being selected as a credit-leading enterprise for 2025 is seen as both an honor and a significant responsibility for Quantipai, which aims to integrate credit concepts deeply into every aspect of its development [2]

Summary of Key Points Core Viewpoint - As of January 9, a total of 73 stocks reached their 52-week highs, with notable performances from Lingxiong Technology (02436), Delai Construction (01546), and Zhipu (02513) showing significant growth rates of 104.99%, 38.89%, and 22.22% respectively [1]. 52-Week Highs - Lingxiong Technology (02436) closed at 11.760, with a peak price of 15.600, achieving a high rate of 104.99% [1]. - Delai Construction (01546) closed at 0.161, reaching a maximum of 0.250, with a high rate of 38.89% [1]. - Zhipu (02513) had a closing price of 158.600 and a peak of 165.000, resulting in a high rate of 22.22% [1]. - Other notable stocks include Asia Pacific Satellite (01045) with a high rate of 20.64% and Rongda Technology (09881) at 12.87% [1]. 52-Week Lows - The stocks reaching their 52-week lows include Lishi International (00842) with a closing price of 0.850, marking a decline of 39.29% [2]. - Bokan Vision Cloud - B (02592) closed at 2.930, with a decrease of 16.90% [2]. - Lingzai Technology Finance (00093) reached a low of 0.485, reflecting a drop of 14.77% [2].

Core Viewpoint - The new regulations on loan assistance have led to a transformation of loan assistance platforms, with the mall model becoming a popular direction, but complaints have emerged regarding high pricing and hidden recovery schemes [1][2][3] Group 1: Complaints and Issues - Multiple complaints have been received regarding the mall model, primarily concerning inflated pricing and hidden recovery schemes [1] - Over 30,000 complaints related to "羊小咩" have been recorded, with common issues including high interest rates and unreasonable fees [3] - Consumers have reported that the pricing on the "羊小咩" platform is significantly higher than on other platforms like JD.com [10][11] Group 2: Business Model and Operations - "羊小咩" is operated by量化派控股有限公司, which previously provided loan facilitation services but has since ceased such operations [3][4] - The platform's transaction value from installment orders has been significant, with approximately 66% in 2022 and 79% in the first five months of 2025 coming from installment payments [4] - The "便荔卡包" app is closely linked to "羊小咩," allowing users to apply for installment limits directly [6] Group 3: Pricing Strategies - The pricing strategy of "羊小咩" involves setting product prices significantly higher than market rates, which allows for the appearance of lower interest rates on installment payments [10][12] - For example, an iPad Air was priced at 5,297.01 yuan on "羊小咩," while the same product was available for around 4,199 yuan on JD.com, indicating a markup of over 26% [11] - Other products also showed substantial price differences, with a DJI camera priced at 2,646 yuan on "羊小咩," compared to 1,849 yuan on JD.com, reflecting a 43.10% markup [11] Group 4: Recovery and Cash-Out Schemes - A hidden recovery scheme has emerged, where consumers are contacted by individuals claiming to be merchants from "羊小咩" offering to cash out their installment limits at a discount [15][16] - The cash-out process typically offers around 63% of the product's price, leading to high effective financing costs for consumers [15] - The involvement of third-party recovery platforms raises concerns about the legality and transparency of these operations, with "羊小咩" denying any partnerships with such entities [16][19]

Core Viewpoint - The stock of Quantitative Partners (2685.HK) has shown significant resilience, rising against the trend of the Hong Kong stock market, with a notable increase of 8.32% to reach a new high of 32.3 HKD, despite the overall market decline of over 1% [1] Group 1: Stock Performance - Quantitative Partners has experienced a cumulative increase of 173.88% over the past year and has continued its upward trend with a rise of over 20% in the current year, marking four consecutive trading days of gains [1] - The stock price has surged 229.59% from its IPO price of 9.8 HKD since its listing on November 27, 2022 [1] Group 2: Company Overview - Established in 2014, Quantitative Partners operates as an online market operator focused on the Chinese consumer sector, managing the e-commerce platform "Yang Xiaomei" and the automotive retail O2O platform "Consumption Map" [1] - The "Yang Xiaomei" platform, launched in November 2020, offers a variety of retail products, including consumer electronics, food and beverages, home appliances, cosmetics, jewelry, clothing, and personal care items, connecting these products with end consumers through online purchases [1] - Since April 2022, the "Consumption Map" platform has been operational, primarily collaborating with automotive retailers to attract online traffic, facilitating offline car purchases at local dealerships, while also allowing for some online car purchases [1] - Additionally, Quantitative Partners provides advertising services to its business partners [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 呈交日期: 2026年1月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02685 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 700,000,000 | USD | | 0.0001 | USD | | 70,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 700,000,000 | USD | | 0.0001 | USD | | 70,000 | 本月底法定/註冊股本總額： USD 70,000 FF301 第 1 頁 共 10 頁 v 1.1.1 截至月份: 2025年12月31日 狀態: 新 ...

在全球资本加速融合的大时代背景下，世界民间资本领域备受瞩目的领军人物——张健先生，以其富有传奇色彩 的人生经历与卓越战略眼光，再次引发行业关注。张健携旗下 夕阳红、红满天、夕阳红满天 三大品牌协同联动， 推动"世界民间资本力量"迈上国际资本舞台，计划在香港资本市场展开全面布局。 民间资本领袖张健：以使命带 动四千万互联网群体走向资本富裕 作为在互联网经济与民间资本领域深耕多年的引领者，张健长期推动普惠资产管理模式，积极赋能产业发展，被 业内誉为"世界民间资本领袖"。他提出的"四千万互联网难民扶助发展计划"，旨在通过资本教育、资产管理与产 业链接，帮助更广大群体参与财富增长，实现从互联网生存向资本富裕的跨越式转型。 三大品牌联动：构建全球化资产管理生态 张健指出，夕阳红、红满天、夕阳红满天三大品牌将继续保持并深化协同发展，各自发挥在产业、服务、资本端 的不同优势：夕阳红品牌：社区型资产服务体系 红满天品牌：产业资本桥梁与多元商业平台 "量化派"聚焦前沿资产管理策略，包括： 数智量化资产管理 综合基金资本运营 汽车与智能出行产业资本 金融科技模型与风控体系 夕阳红满天集团：综合资产管理、基金管理与投融资主体 三大 ...

量化派(02685)公布，于2025年12月31日因部份行使超额配股权而发行175万股股份，每股发行价9.8港 元。 ...

格隆汇12月31日丨量化派(02685.HK)发布公告，于2025年12月31日因部份行使超额配股权而发行及配发 175万股普通股。 ...

智通财经APP讯，量化派(02685)公布，于2025年12月31日因部份行使超额配股权而发行175万股股份， 每股发行价9.8港元。 ...

表格類別： 股票 狀態： 新提交 公司名稱： 量化派控股有限公司 呈交日期： 2025年12月31日 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02685 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股份）數 ...