Market Activity - On July 11, the A-share market showed active trends with 61 stocks hitting the daily limit up, and a total of 17 stocks achieved consecutive limit ups, resulting in a success rate of 69% for limit orders [1] - The market focused on several strong stocks, with Sifang New Materials achieving a remarkable five consecutive limit ups, and Guotou Zhonglu also performing well with a T-shaped limit up, reaching five consecutive limit ups [1] - Stocks like Jingyi Co. and Yamaton achieved their fifth limit up within eight trading days through reverse limit up strategies [1] Stock Performance - Among the stocks with consecutive limit ups, Forest Packaging demonstrated a strong performance with seven consecutive limit ups, while companies like Shuangwei New Materials, Nanhua Futures, and Hemei Group achieved three consecutive limit ups [1] - ST Yazhen maintained an impressive performance with 12 limit ups over 15 days, while Yamaton and Jingyi Co. kept a pace of five limit ups over eight days [2] Market Sentiment and Capital Inflow - The market showed positive sentiment with active participation from investors, as evidenced by over 15 billion yuan in limit order funds supporting Shuangwei New Materials, and several other stocks like Sifang New Materials and Jin'an Guoji also receiving billions in limit order funds [1] - The total trading volume in the Shanghai and Shenzhen markets exceeded 1.7 trillion yuan, marking the highest level in nearly four months, indicating a significant increase in overall market activity and investor engagement [1] Sector Performance - The non-ferrous metal sector was notably active, with stocks like Hunan Silver and China Nonferrous Metals achieving limit ups [1] - The rare earth permanent magnet sector also showed strength, with companies like Northern Rare Earth and Jingyuntong achieving two consecutive limit ups, while Baogang Group and China Rare Earth also hit limit ups [1] - The securities IT sector attracted capital interest, with stocks like Jinzhen Co. and Guo'ao Technology hitting limit ups [1]

Group 1 - The company expects a net profit attributable to shareholders of the parent company for the first half of 2025 to be between -46.23 million and -32.36 million yuan [1] - The expected net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is projected to be between -63.93 million and -50.06 million yuan [1] - The previous year's net profit attributable to shareholders of the parent company was -80.82 million yuan, and the net profit after deducting non-recurring gains and losses was -103.20 million yuan [1] Group 2 - The main reasons for the performance decline include delayed project delivery and acceptance in the second half of the year, leading to ongoing costs and expenses throughout the year [2] - The digital economy sector is experiencing longer collection cycles due to market changes, resulting in an increase in expected credit loss rates and higher asset impairment losses [2] - The company is actively reducing the scale of its IT equipment distribution and banking business, reallocating resources to its fintech core business while maintaining gross profit levels and reducing period expenses [2]

深圳市金证科技股份有限公司（以下简称"公司"）预计 2025 年半 年度实现归属于母公司所有者的净利润为-4,622.71 万元至-3,235.90 万元。 预计 2025 年半年度实现归属于母公司所有者的扣除非经常性损益的 净利润为-6,393.12 万元至-5,006.30 万元。 证券代码：600446 证券简称：金证股份 公告编号：2025-040 深圳市金证科技股份有限公司 2025 年半年度业绩预告 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个别及连带责任。 重要内容提示： 本期业绩预告适用情形：净利润为负值。 1、经财务部门初步测算，预计 2025 年半年度实现归属于母公司所有者的净 利润为-4,622.71 万元至-3,235.90 万元。 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 6 月 30 日。 2、预计 2025 年半年度实现归属于母公司所有者的扣除非经常性损益的净利 润为-6,393.12 万元至-5,006.30 万元。 （三）本次业绩预告未经注册会计师审计。 ...

Core Viewpoint - The company Jinzheng Co., Ltd. is expected to report a significant net loss for the first half of 2025, indicating potential financial challenges ahead [1] Financial Performance - The projected net profit attributable to the parent company for the first half of 2025 is estimated to be between -46.2271 million yuan and -32.359 million yuan [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to range from -63.9312 million yuan to -50.063 million yuan [1]

Core Viewpoint - The company has completed the fundraising investment project and plans to permanently supplement its working capital with the remaining funds, which aligns with its operational needs and benefits all shareholders [8][9]. Fundraising Basic Situation - The company raised a net amount of approximately 984.79 million yuan through a non-public offering at a price of 12.34 yuan per share, approved by the China Securities Regulatory Commission [3][4]. Fundraising Management - The company established a fundraising management system and opened special accounts at various banks to manage the raised funds, ensuring compliance with relevant laws and regulations [3][4]. Project Adjustment - Due to market fluctuations and unmet demand, the company adjusted the use of raised funds for six new projects, which were approved by the board and shareholders [4][5]. Fund Usage and Surplus Situation - As of June 27, 2025, the total amount of funds used for the projects was approximately 750.48 million yuan, with a surplus of about 31.93 million yuan [6][7]. Reasons for Surplus Funds - The surplus was attributed to careful cost control and efficient use of funds throughout the project lifecycle [7]. Future Use of Surplus Funds - The company plans to use the surplus funds to permanently supplement its working capital, enhancing the efficiency of fund utilization and reducing financial costs [8]. Approval Process - The board approved the conclusion of the fundraising project and the use of surplus funds on June 27, 2025, without needing shareholder approval [8][9]. Sponsor's Verification Opinion - The sponsor confirmed that the company's actions regarding the fundraising project and the use of surplus funds comply with regulations and do not harm the interests of shareholders [9].

平安证券股份有限公司 关于深圳市金证科技股份有限公司 募集资金投资项目结项暨节余募集资金永久补充流动资金 的核查意见 根据《证券发行上市保荐业务管理办法》《上市公司募集资金监管规则》《上 海证券交易所上市公司自律监管指引第 1 号—规范运作》《上海证券交易所股票 上市规则》等有关规定，平安证券股份有限公司（以下简称平安证券或保荐机构） 作为深圳市金证科技股份有限公司（以下简称金证股份或公司）2020 年非公开 发行股票的保荐机构，就金证股份募集资金投资项目结项暨节余募集资金永久补 充流动资金的核查意见事项进行了认真、审慎的核查，并发表了独立意见，核查 意见具体如下： 一、募集资金基本情况 经中国证券监督管理委员会（以下简称中国证监会）《关于核准深圳市金证 科技股份有限公司非公开发行股票的批复》（证监许可【2020】3158 号）文件核 准，公司以 12.34 元/股的价格向 15 名特定对象非公开发行人民币普通股 81,145,721 股，募集资金总额 1,001,338,197.14 元，扣除发行费用 16,550,943.39 元，实际募集资金净额为 984,787,253.75 元。 四、本次结项的募投 ...

证券代码：600446 证券简称：金证股份 公告编号：2025-039 深圳市金证科技股份有限公司 关于募集资金投资项目结项暨节余募集资金永久补充 流动资金的公告 经中国证券监督管理委员会（以下简称"中国证监会"）《关于核准深圳市 金证科技股份有限公司非公开发行股票的批复》（证监许可【2020】3158 号） 结项项目名称：证券信创项目、开放云原生微服务平台项目、低代码开 发平台项目、产业链数字化服务平台项目、区块链创新平台项目、银行 财管服务一体化项目。 节余募集资金安排：深圳市金证科技股份有限公司（以下简称"公司"） 募集资金专户共计节余募集资金 3,193.13 万元，公司拟将上述节余募集 资金（含利息收入，实际金额以资金转出当日专户余额为准）永久补充 流动资金，用于公司日常经营。 决策程序：本次事项已经公司第八届董事会 2025 年第六次会议审议通 过，根据《上海证券交易所上市公司自律监管指引第 1 号——规范运作》 等有关规定，无需提交公司股东会审议。 文件核准，公司以 12.34 元/股的价格向 15 名特定对象非公开发行人民币普通股 81,145,721 股，募集资金总额 1,001,338,1 ...

证券代码：600446 证券简称：金证股份 公告编号：2025-038 深圳市金证科技股份有限公司第八届董事会 2025 年第六次会议决议公告 特此公告。 深圳市金证科技股份有限公司 董事会 二〇二五年六月二十八日 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个别及连带责任。 深圳市金证科技股份有限公司（以下简称"公司"）第八届董事会2025年第 六次会议于2025年6月27日以通讯表决方式召开，会议应到董事7名，实到董事7 名，经过充分沟通，以通讯方式行使表决权。会议的召开符合《中华人民共和国 公司法》（以下简称"《公司法》"）及《深圳市金证科技股份有限公司章程》（以 下简称"《公司章程》"）的规定。 一、会议以 7 票同意，0 票弃权，0 票反对的表决结果审议并通过了《关于 募集资金投资项目结项暨节余募集资金永久补充流动资金的议案》。 具体内容详见公司刊登在《中国证券报》、《证券时报》、《上海证券报》、上 海证券交易所网站（www.sse.com.cn）的《深圳市金证科技股份有限公司关于募 集资金投资项目结项暨节余募集资金永久补充流 ...

Core Insights - The article highlights the successful bid by Jinzheng for a major brokerage bond counter system project, aligning with new regulatory requirements and showcasing the company's technological strength and industry foresight [1][4]. Regulatory Environment - In April, the National Interbank Lending Center released new operational regulations for interbank market counter business, which are seen as crucial for the full implementation of counter bond business by regulatory authorities [1]. - The new regulations clarify the access process for interbank market counter business, including testing procedures and data reporting requirements [1]. Company Solutions - Jinzheng's bond counter system offers a comprehensive, efficient, and secure platform for managing the entire bond counter business process, covering various core activities such as bond issuance, trading, and fund management [4]. - The system supports multiple bond types, including government bonds and corporate bonds, and is designed to meet diverse investor needs [4]. - The platform is fully compliant with regulatory requirements and has successfully assisted several brokerages in passing necessary acceptance tests [4]. Industry Collaboration - Jinzheng has established deep collaborations with several brokerages, including CITIC Securities and Shanxi Securities, validating its leading platform value in the industry [4]. - The company aims to transform benchmark cases into core forces for upgrading industry infrastructure [4]. Future Outlook - With favorable policies for the counter bond market, Jinzheng plans to leverage its technological expertise and practical experience to help securities institutions seize business opportunities and tackle innovative challenges [5].

Group 1: Market Performance - The CSI Software Index (H30202) increased by 0.89% as of June 27, 2025, with notable gains from companies such as Jinzheng Co., Ltd. (7.87%) and Langxin Group (4.06%) [1] - The Software 50 ETF (159590) saw a peak increase of nearly 2%, currently up by 1.12%, with a latest price of 1.09 yuan [1] - Over the past week, the Software 50 ETF has accumulated a rise of 7.08% [1] Group 2: Investment Focus - Guojin Securities emphasizes the importance of identifying opportunities that can transition from thematic investments to high-growth investments, particularly in the AI industry chain and its applications [3] - The report highlights the intersection of domestic and international environments, focusing on the AI industry chain as a key area for growth amid global competition and export controls [3] Group 3: AI Industry Chain Segments - Segment 1: Computing Power - Major domestic and international CSP manufacturers are entering a high-capex phase, with significant investments expected to continue [3] - Segment 2: Models - While overseas firms like OpenAI and Google maintain a lead, domestic companies are rapidly catching up, with an increase in the number of large model procurement projects [4] - Segment 3: Data - The quality of data is crucial for model performance, with policies promoting data circulation and the establishment of high-quality datasets [4] - Segment 4: Applications - AI hardware and software applications are increasingly being integrated into various sectors, including education, finance, and healthcare [4] Group 4: Software 50 ETF Composition - The Software 50 ETF tracks the CSI Software Index and includes 50 constituent stocks, with approximately 67% weight in application software and over 15% in AI-related fields [5] - The ETF provides a comprehensive layout of the AI software industry chain, covering foundational software, application software, and software services [5]