Group 1 - The core point of the article is that Huachuang Yunxin has signed a computing power cooperation agreement with Huawei to promote the "East Data West Computing" strategy in the industrial sector [1] - Huachuang Yunxin announced on September 25 that it has invested in and holds shares in Guizhou Guilv Shuwang Technology Co., Ltd [1] - Guizhou Guilv Shuwang is the operating entity for the Guizhou tourism industry large model and is collaborating with Huawei Cloud to operate the "Guizhou Tourism Industry Digital Interconnection Platform" [1]

Core Viewpoint - The overall performance of the brokerage sector is under pressure, with the CSI All Share Securities Company Index experiencing a decline, while the brokerage ETF shows significant inflows and growth in scale and shares [1][2][3]. Group 1: Market Performance - As of September 18, 2025, the CSI All Share Securities Company Index (399975) fell by 1.91%, with major declines seen in stocks like Great Wall Securities and Guosheng Financial Holdings [1]. - The brokerage ETF (512000) has seen a trading volume of 16.38 billion yuan, with a turnover rate of 4.78% [2]. - The brokerage ETF's net inflow over the past 15 days reached 51.91 billion yuan, averaging 3.46 billion yuan per day [2]. Group 2: Fund Performance - The brokerage ETF's latest scale reached 34.679 billion yuan, marking a one-year high and ranking second among comparable funds [2]. - The ETF's share count has also hit a one-year high at 57.169 billion shares, leading among comparable funds [2]. - Over the past year, the brokerage ETF's net value has increased by 57.23% [2]. Group 3: Industry Insights - Industry experts suggest that the return on equity (ROE) and valuations of brokerages have room for growth due to the ongoing high-quality development of China's capital markets [3]. - The concentration of the brokerage industry is expected to increase, supported by policies encouraging mergers and acquisitions among quality brokerages [3]. - Recent performance meetings of listed brokerages highlighted strong growth in the first half of the year, with a focus on mergers, refinancing, and international business developments [2][3].

Core Viewpoint - Recent announcements from Huachuang Yinxin and Jinlong Co., indicating that portions of their equity will enter judicial auction, highlight the ongoing focus on the auction of brokerage shares amidst a recovering market environment [2][6]. Group 1: Auction Details - Jinlong Co. announced that its controlling shareholder, Dongguan New Century Education Development Co., will auction 30 million shares, representing 17.05% of its holdings and 3.35% of the total share capital, with a starting price of approximately 31.38 million yuan [3][5]. - The auction for Jinlong Co. shares will take place on JD.com from October 12 to October 13 [3]. - Huachuang Yinxin disclosed that its shareholder, Shanghai Shanrong Industrial Co., will auction 41.455 million shares, accounting for 34.94% of its holdings and 1.87% of the total share capital, with starting prices of approximately 202 million yuan and 96.89 million yuan for two separate lots [5][6]. - The auction for Huachuang Yinxin shares is scheduled for October 11 on Taobao, lasting for one day [5]. Group 2: Market Context and Performance - The recent surge in auction activity for brokerage shares has shown mixed results, with some shares experiencing failed auctions while others have seen significant interest, such as the successful auction of Jinlong Co. shares that exceeded the starting price by over 50 million yuan [6]. - The A-share market has seen increased trading activity, with daily transaction volumes frequently surpassing 2 trillion yuan, contributing to improved profit expectations for brokerages [6]. - Research from Zheshang Securities indicates that the brokerage sector is expected to maintain high year-on-year profit growth, with a projected 38% increase in net profit for 2025 and a return on equity (ROE) rising to 8.0% [6]. - Multiple institutions believe that the valuation of the securities sector still has room for improvement, with estimates suggesting that the sector's valuation has not yet reached historical extremes [6].

除上述内容外，原公告其他内容保持不变。公司将密切关注进展 情况，及时履行信息披露义务。 证券代码：600155 证券简称：华创云信 公告编号：临 2025-026 华创云信数字技术股份有限公司更正公告 本公司董事会及全体董事保证本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、准确性和完整性承担法律责任。 公司于 2025 年 9 月 6 日披露了《关于公司股东部分股份将被司法 拍卖的提示性公告》。经多方核查，现就前述公告部分内容"1.根据 《上海证券交易所上市公司自律监管指引第 15 号—股东及董事、监事、 高级管理人员减持股份》第十四条相关规定，本次司法拍卖股份受让 方在 6 个月内不得减持。"更正为"1.本次司法拍卖股份受让方不受 6 个月内不得减持的约束，具体根据《上海证券交易所上市公司自律监 管指引第 15 号—股东及董事、监事、高级管理人员减持股份》的相关 规定执行。" 特此公告。 华创云信数字技术股份有限公司董事会 2025 年 9 月 12 日 ...

Group 1 - The core viewpoint of the news is that Huachuang Yinxin has shown a positive stock performance with a 3.24% increase year-to-date and a 2.28% increase over the last five trading days, indicating investor interest and market confidence [1] - As of September 11, the stock price of Huachuang Yinxin is 7.64 CNY per share, with a total market capitalization of 16.911 billion CNY [1] - The company has a diverse revenue structure, with investment business contributing 33.49%, brokerage business 32.54%, digital technology business 22.68%, credit trading business 8.37%, investment banking business 7.76%, and asset management business 3.09% [1] Group 2 - Huachuang Yinxin is classified under the non-bank financial sector, specifically in the securities industry, and is associated with concepts such as internet finance, digital economy, and broker-related sectors [2] - As of June 30, the number of shareholders for Huachuang Yinxin is 64,300, a decrease of 6.48% from the previous period, while the average circulating shares per person increased by 6.93% to 34,594 shares [2] - For the first half of 2025, Huachuang Yinxin reported a net profit of 78.8521 million CNY, representing a year-on-year growth of 65.91% [2] Group 3 - Since its A-share listing, Huachuang Yinxin has distributed a total of 204 million CNY in dividends, with no dividends paid in the last three years [3]

华创云信数字技术股份有限公司 关于召开 2025 年半年度业绩说明会的公告 本公司董事会及全体董事保证本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、准确性和完整性承担法律责任。 为便于广大投资者更全面深入地了解公司 2025 年半年度经 营成果、财务状况，华创云信数字技术股份有限公司（以下简称 "公司"）计划于 2025 年 9 月 17 日（星期三）13:00-14:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 证券代码：600155 证券简称：华创云信 编号：临 2025-025 四、投资者参加方式 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营成果及财务指标的具体情况与投资者进行互动 交流和沟通，在信息披露允许的范围内就投资者普遍关注的问题 进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 9 月 17 日（星期三）13:00-14:00 （二）会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） （三）会议召开方式：上证路演 ...

Key Points - China Petroleum & Chemical Corporation (Sinopec) announced a cash dividend of RMB 0.088 per share, totaling RMB 10.662 billion [4] - Guokai Microelectronics is progressing with a share issuance and cash payment to acquire 94.366% of the equity in Zhongxin Integrated Circuit (Ningbo) Co., Ltd. [5][6] - Phoenix Shipping's Vice General Manager Zhao Qiuling resigned due to work adjustments, while Wang Guozheng was appointed as the new financial director [7] - Guokai Co., Ltd. changed its stock abbreviation to Guokai Electronics, effective September 11, 2025 [8] - Xinhua Pharmaceutical's Vice General Manager Zheng Zhonghui resigned for personal reasons, holding 397,600 shares [9] - Uni-President's controlling shareholder's equity structure change was completed, transferring shares from the Ministry of Finance to Central Huijin Investment [10] - ST New Power may face delisting risk due to a negative audit opinion on its internal controls [11] - Huachuang Yuxin announced that 1.87% of its shares held by Shanghai Shiran Industrial Co., Ltd. will be auctioned [12][13] - Zhengbang Technology's subsidiary was accepted for reorganization by the court due to financial difficulties [14] - China Shipbuilding Defense's General Manager Chen Liping resigned due to work changes [15] - ST Lingnan and its former controlling shareholder are under investigation for information disclosure violations [16] - Hikvision's chairman proposed a mid-term dividend of RMB 4 per 10 shares, amounting to RMB 3.666 billion [17] - Huada Jiutian's shareholder plans to transfer 2.64% of the company's shares [18] - Poly Developments reported a signing amount of RMB 18.015 billion in August, a year-on-year decrease of 18.54% [19] - Muyuan Foods reported a revenue of RMB 11.85 billion from selling 7.001 million pigs in August, a year-on-year decrease of 12.30% [20] - Dongrui Co., Ltd. reported a revenue of RMB 160 million from selling 94,800 pigs in August, a month-on-month decrease of 5.48% [21] - Ankai Bus reported a cumulative production increase of 68.06% year-on-year [22] - Kweichow Moutai's controlling shareholder received a loan commitment of up to RMB 2.7 billion for stock repurchase [23] - Chengda Pharmaceutical's major shareholder plans to reduce its stake by 7.27% [24][25] - Kangchen Pharmaceutical's controlling shareholder plans to reduce its stake by up to 3% [26] - Koweil plans to reduce its stake by up to 2.34% [27] - Funeng Technology's shareholders plan to reduce their stake by up to 2% [28] - United Water's shareholder plans to reduce its stake by 3% [29] - Huayin Power's shareholder plans to reduce its stake by 1% [30] - Tianji Co., Ltd. reported a reduction of 0.61% in its controlling shareholder's stake [31] - Tonghuashun's controlling shareholder plans to reduce its stake by up to 138,310 shares [32] - JA Solar has not yet started its share repurchase plan [33] - Beite Technology plans to raise no more than RMB 300 million through a private placement [34] - Aerospace Hongtu signed a strategic cooperation agreement with Pakistan worth RMB 2.9 billion, which is still in preliminary stages [35][36] - Guangqi Technology signed contracts for mass production of metamaterials worth RMB 1.278 billion [37]

分组1 - Sinopec announced a cash dividend of RMB 0.088 per share (tax included) for the first half of 2025, with a total cash dividend distribution of RMB 10.662 billion [3] - Guokai Microelectronics is progressing with the acquisition of a 94.366% stake in Zhongxin Integrated Circuit (Ningbo) Co., Ltd. through a combination of share issuance and cash payment [4] - Phoenix Shipping's Vice President Zhao Qiuling resigned due to work adjustments, while Wang Guozheng was appointed as the new CFO [5] 分组2 - Guokai Microelectronics is actively advancing its major asset restructuring, with due diligence and evaluation processes underway [4] - The stock name of Guokai Co., Ltd. will change to Guokai Electronics starting September 11, 2025 [6] - Xinhua Pharmaceutical's Vice President Zheng Zhonghui resigned for personal reasons, holding 397,600 shares in the company [7] 分组3 - Unified Holdings completed the change in the shareholding structure of its controlling shareholder, with the actual controller changing from the Ministry of Finance to Central Huijin Investment [8] - ST New Power's stock may face delisting risk warnings due to a negative audit opinion on its internal controls for the 2024 financial report [9] - Huachuang Yuxin announced that 1.87% of its shares held by Shanghai Shiran Industrial Co., Ltd. will be auctioned [10] 分组4 - Zhengbang Technology's subsidiary Chaoyang Zhengbang has been accepted for reorganization by the court, with total assets of RMB 332 million and liabilities of RMB 460 million as of December 31, 2024 [11] - China Shipbuilding Defense's General Manager Chen Liping resigned due to work changes [12] 分组5 - Poly Developments reported a signing amount of RMB 18.015 billion in August 2025, a year-on-year decrease of 18.54% [14] - Muyuan Foods reported sales revenue of RMB 11.85 billion from selling 7.001 million pigs in August 2025, with a year-on-year decrease of 12.30% [15] - Dongrui Co., Ltd. reported a sales revenue of RMB 160 million from selling 94,800 pigs in August 2025, a month-on-month decrease of 5.48% [16] 分组6 - Ankai Bus reported a cumulative production increase of 68.06% year-on-year, with a total production of 5,625 vehicles in 2025 [17] - Kangchen Pharmaceutical's controlling shareholder Liu Jianhua plans to reduce his stake by up to 3% [19] - Kewell plans to reduce its shares by up to 2.34% [20] 分组7 - North Special Technology plans to raise no more than RMB 300 million through a private placement for a production base project in Thailand [29] - Guangqi Technology signed contracts worth RMB 1.278 billion for the mass production of metamaterials [31][32]

Core Insights - The core viewpoint of the articles highlights the performance of 42 listed securities firms in China during the first half of 2025, showcasing significant revenue and profit growth, while also pointing out the struggles of Huachuang Yinxin, which reported a decline in its brokerage income and overall revenue [1][2][10]. Industry Performance - In the first half of 2025, the 42 listed securities firms achieved a total operating revenue of 251.9 billion yuan, a year-on-year increase of 31% [1]. - The net profit attributable to shareholders reached 104 billion yuan, marking a 65% year-on-year growth [1]. - The brokerage business generated a net income of 63.454 billion yuan, reflecting a 43.98% increase compared to the previous year, with all firms reporting growth in this segment [2][10]. Company-Specific Analysis - Huachuang Yinxin was the only firm among the 44 listed securities firms to report a decline in brokerage income, with a decrease of 1.52% from 4.44 billion yuan in the first half of 2024 to 4.37 billion yuan in 2025 [5][10]. - The company's overall revenue fell to 1.313 billion yuan, down 11.6% year-on-year, underperforming compared to the industry average growth rate [10]. - Huachuang Yinxin's reliance on brokerage and proprietary trading for revenue is evident, as these two segments accounted for 82.33% of its total revenue in the first half of 2025 [8][9]. Business Segment Performance - The proprietary trading income for Huachuang Yinxin decreased by 18.48%, from 782 million yuan in 2024 to 637 million yuan in 2025 [8]. - The asset management business saw a significant decline, with net income dropping by 39.81% to 64 million yuan [9]. - The investment banking segment also experienced a downturn, with net income falling by 17.95% to 102 million yuan [9]. Market Context - The overall stock market in China showed positive trends, with major indices like the Wind All A Index rising by 5.83% and the Shanghai Composite Index increasing by 2.76% in the first half of 2025 [1][8]. - The average daily trading volume for stock mutual funds grew by 64% year-on-year, indicating a robust market environment [2].

注：关于本次司法拍卖详情请见上海市浦东新区人民法院在"淘宝 网"（www.taobao.com）司法拍卖网络平台公示的相关信息。 二、其他说明及风险提示 证券代码：600155 证券简称：华创云信 公告编号：临 2025-024 1.根据《上海证券交易所上市公司自律监管指引第 15 号—股东及 董事、监事、高级管理人员减持股份》第十四条相关规定，本次司法 拍卖股份受让方在 6 个月内不得减持。 华创云信数字技术股份有限公司 2.目前公司为无控股股东及实际控制人状态，本次司法拍卖不会 影响公司正常经营。 关于公司股东部分股份将被司法拍卖的提示性公告 本公司董事会及全体董事保证本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、准确性和完整性承担法律责任。 日前，公司收到股东上海杉融实业有限公司（以下简称"杉融实业"） 通知，上海市浦东新区人民法院拟对杉融实业持有的公司 41,455,000 股无限售流通股进行公开拍卖。现根据公司了解的情况将有关事项公 告如下： 股东 名称 是否为 控股股 东 拟被司法拍 卖股份数量 （股） 占其所 持股份 比例 占公司 总股本 比例 司法拍卖时间 司法拍 ...