金证股份成立于1998年8月21日，于2003年12月24日在上海证券交易所上市，注册地和办公地均位于广东 省深圳市。公司是国内领先的金融科技全领域服务商，为金融行业客户提供全技术栈、全产品线解决方 案，拥有强大的技术研发和服务能力。 资产负债率低于同业平均，毛利率高于同业平均 偿债能力方面，2025年三季度金证股份资产负债率为28.76%，去年同期为34.87%，低于行业平均38.93%， 显示公司偿债压力较小。从盈利能力看，2025年三季度毛利率为36.49%，去年同期为19.17%，高于行业平 均29.96%，盈利能力有所增强。 董事长李结义薪酬167.91万元，同比减少6.46万元 董事长李结义，硕士学位，毕业于成都电子科技大学计算机专业。1989 - 1993年任职于蛇口新欣软件产业 有限公司，任经营部主任；1993 - 1998年任职于深圳市新华威科技有限公司，任副总经理；1998年创建本 公司，出任公司第一届董事会董事至今，现任公司董事长。2024年薪酬167.91万元，较2023年的174.37万 元减少6.46万元。总裁王清若，本科学历，毕业于厦门大学信息工程专业，历任公司证券软件中心项目总 ...

公司持股 5%以上的股东赵剑先生保证向本公司提供的信息真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | 比例减少 | | --- | --- | --- | | 权益变动前合计比例 | 8.48% | | | 权益变动后合计比例 | 7.90% | | | 本次变动是否违反已作出的承诺、意向、计划 | 是□ | 否 | | 是否触发强制要约收购义务 | 是□ | 否 | 证券代码：600446 证券简称：金证股份 公告编号：2025-057 深圳市金证科技股份有限公司 关于持股5%以上股东权益变动触及1%刻度的提示性公告 | 玄元私募基金投资管 | | | □ | 控股股东/实控人 | | | | --- | --- | --- | --- | --- | --- | --- | | 理（广东）有限公司 | | | □ | 控股股东/实控人的一致 |  | 9144010634747407XY | | －玄元科新 | 119 | 号私 | 行动人 | | □ | 不适用 | ...

格隆汇10月31日丨金证股份(600446.SH)公布，2025年10月31日，收到持股5%以上股东、董事赵剑先生 出具的《关于股东权益变动的告知函》，赵剑先生自2025年8月7日至2025年10月30日期间，通过集中竞 价交易减持公司股份591.39万股。本次权益变动后，赵剑先生与其一致行动人玄元私募基金投资管理 （广东）有限公司－玄元科新119号私募证券投资基金合计持有公司股份比例由8.48%减少至7.90%，权 益变动触及1%刻度。 ...

格隆汇10月31日丨金证股份(600446.SH)公布，2025年10月31日，收到持股5%以上股东、董事赵剑先生 出具的《关于股东权益变动的告知函》，赵剑先生自2025年8月7日至2025年10月30日期间，通过集中竞 价交易减持公司股份591.39万股。本次权益变动后，赵剑先生与其一致行动人玄元私募基金投资管理 （广东）有限公司－玄元科新119号私募证券投资基金合计持有公司股份比例由8.48%减少至7.90%，权 益变动触及1%刻度。 ...

天阳科技：公司与湖南大学合作成立智能金融联合实验室，依托国家超级计算长沙中心的超算平台，成 功开发出包括天策大模型、对公产融分析大模型、纪元测试大模型以及天智大模型应用开发平台。 金证股份：参股公司金智维提供的数字员工解决方案，完成从基于RPA+AI到基于Al Agent的升级进 化。 据人民财讯，10月30日，中国人民银行科技司副司长周祥昆在2025金融街论坛年会上表示，未来人民银 行将落实"人工智能+"行动部署，加快落实出台"人工智能+金融"的相关政策文件，助推金融数字化、智 能化的转型提升。 银河证券和平安证券指出，随着"十五五"规划出台，"人工智能+"行动进一步深化，AI将深度重塑金融 业格局。当前AI在金融行业的智能客服、智能营销、内部运营、智能投顾/财富管理、智能投研、智能 风控、内部研发等环节均有所渗透。 金融IT服务商凭借其在金融数据、金融业务理解与技术领域的优势，成为AI+金融市场的重要参与者， 在AI技术可用性、金融行业应用需求双重提升的背景下，AI给金融IT服务商带来了破局新思路。艾瑞 咨询预测，未来国内金融科技市场将以约12%的复合增长率于2027年超过5800亿元。 公司方面，据上市 ...

证券代码：600446 证券简称：金证股份 公告编号：2025-056 深圳市金证科技股份有限公司 关于股东部分股份质押解除的公告 2025 年 10 月 29 日，赵剑先生解除质押 13,500,000 股，占其持有公司股 份的 20.21%，占公司总股本的 1.43%。本次解除质押后，赵剑先生及其一致行 动人所持公司股份累计质押数量为 35,120,000 股，占合计持股数量的 46.18%， 占公司总股本的 3.73%。 | | | | | | | | 已质押股份 | | 未质押股份 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 情况 | | 情况 | | | | | 持股 | 本次质押 | 本次质押 | 占其 所持 | 占公 司总 | 已质 | 已质 | 未质 | 未质 | | 股东名称 | 持股数量 | | 前累计质 | 后累计质 | | | 押股 | 押股 | 押股 | 押股 | | | （股） | 比例 （%） | 押数量 | 押数量 | 股份 比例 | 股本 比例 ...

Investment Rating - The report maintains a "Strong Buy" investment rating for the company [3][6]. Core Insights - The company has shown significant improvement in profitability, focusing on its core business strategy, with notable breakthroughs in its Xinchuang and innovative business segments [1][6]. - The company reported a substantial decline in revenue year-on-year, primarily due to a strategic focus on financial technology and a reduction in non-financial IT business scale [6][11]. - Key products are performing well, with advancements in the wealth technology and investment technology sectors, including successful implementations of new trading systems [6][11]. Financial Data and Valuation - Total revenue for 2023 is projected at 6,221 million yuan, with a year-on-year decline of 4% [2][11]. - The company expects a net profit attributable to shareholders of 369 million yuan in 2023, reflecting a 37% year-on-year increase [2][11]. - The earnings per share (EPS) for 2023 is estimated at 0.39 yuan, with a projected PE ratio of 43.9 [2][12]. Business Performance - The company achieved a total revenue of 1.771 billion yuan in the first three quarters of 2025, with a year-on-year decline of 49.08% [6][11]. - The financial sector maintained stable performance, generating 1.314 billion yuan in revenue, a slight decrease of 7.14% year-on-year [6][11]. - The company has successfully controlled costs, leading to a significant reduction in losses and improved profitability [6][11]. Future Projections - The company anticipates net profits of 1.03 billion yuan, 2.34 billion yuan, and 2.97 billion yuan for the years 2025, 2026, and 2027, respectively [6][11]. - The report highlights a positive outlook for the company's core products, driven by increased market activity and advancements in AI technology [6][11].

Core Insights - A total of 490 stocks in the Shanghai and Shenzhen markets have experienced net outflows of main funds for five consecutive days or more as of October 29 [1] - The stock with the longest continuous net outflow is Zhongju Gaoxin, with 31 days of outflows, followed by Hengshen New Materials with 21 days [1] - The largest total net outflow amount is from China Merchants Bank, with a cumulative outflow of 3.093 billion yuan over 12 days [1] Group 1: Stocks with Longest Net Outflows - Zhongju Gaoxin has seen net outflows for 31 days, with a total outflow of 559 million yuan and a cumulative decline of 6.91% [1] - Hengshen New Materials has recorded net outflows for 21 days, totaling 197 million yuan, with a decline of 9.80% [3] - China Merchants Bank has the highest net outflow amount of 3.093 billion yuan over 12 days, with a net outflow ratio of 6.98% and a cumulative increase of 1.65% [1] Group 2: Other Notable Stocks - Guotai Junan has experienced net outflows for 10 days, amounting to 1.877 billion yuan, with a net outflow ratio of 7.89% and a cumulative increase of 2.70% [1] - Shengbang Co. has seen net outflows for 12 days, totaling 1.826 billion yuan, with a net outflow ratio of 9.52% and a cumulative decline of 10.65% [1] - Huajian Group has recorded net outflows for 6 days, with a total outflow of 1.713 billion yuan and a significant decline of 40.29% [1] Group 3: Stocks with Significant Outflow Ratios - Jianan Intelligent has the highest net outflow ratio at 14.74%, with a decline of 2.98% over the past 5 days [1] - Other notable stocks with high outflow ratios include Huayi Development at 11.91% and Pianzaihuang at 11.84% [1] - The overall trend indicates a significant outflow of funds from various sectors, reflecting investor sentiment and market conditions [1]

Core Insights - The company reported a significant decline in total revenue for Q3 2025, amounting to 1.771 billion yuan, a decrease of 1.707 billion yuan or 49.08% year-on-year [1] - The net profit attributable to shareholders was -56.53 million yuan, ranking 64th among disclosed peers [1] - The company experienced a negative cash flow from operating activities of -29.60 million yuan, ranking 40th among peers, with a decrease of 6.63 million yuan compared to the same period last year [1] Financial Metrics - The latest debt-to-asset ratio is 28.76%, an increase of 1.02 percentage points from the previous quarter [3] - The gross profit margin stands at 36.49%, down by 0.97 percentage points from the previous quarter [3] - The return on equity (ROE) is -1.54%, ranking 45th among disclosed peers [3] - The diluted earnings per share (EPS) is -0.06 yuan, ranking 53rd among peers [3] - The total asset turnover ratio is 0.32 times, a decrease of 0.23 times or 42.37% year-on-year [3] - The inventory turnover ratio is 2.25 times, down by 0.74 times or 24.77% year-on-year [3] Shareholder Information - The number of shareholders is 78,800, with the top ten shareholders holding a total of 345 million shares, representing 36.64% of the total share capital [3] - The top shareholders include: - Li Jieyi: 8.98% - Du Xuan: 8.09% - Zou Xijian: 7.47% - Xu Minbo: 4.63% - Hong Kong Central Clearing Limited: 2.71% - Zhang Wu: 1.49% - China Construction Bank - Huabao CSI Financial Technology Theme ETF: 1.17% - Xuan Yuan Private Fund Management: 0.98% - China Merchants Bank - Southern CSI 1000 ETF: 0.64% - Wu Gao: 0.48% [3]

Group 1 - The core point of the article is that Jinzheng Co., Ltd. announced the results of its eighth board meeting held on October 28, 2025, which included discussions on the appointment of financial audit and internal control audit institutions for 2025 [1] - For the first half of 2025, the revenue composition of Jinzheng Co., Ltd. was as follows: customized services accounted for 38.26%, securities brokerage software accounted for 20.63%, IT equipment distribution accounted for 15.0%, digital economy business accounted for 8.83%, banking software accounted for 6.22%, and asset management institution software accounted for 6.14% [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market and a new "slow bull" pattern emerging [1]