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]

Core Viewpoint - Jinzheng Co., Ltd. (600446.SH) reported a significant decline in revenue for the first three quarters of 2025, indicating challenges in its operational performance [1] Financial Performance - The total operating revenue for the first three quarters reached 1.771 billion yuan, representing a year-on-year decrease of 49.08% [1] - The net profit attributable to shareholders of the parent company was -56.53 million yuan, which is an improvement of 58.91 million yuan compared to the same period last year [1] - The basic earnings per share stood at -0.0598 yuan [1]

证券代码：600446 证券简称：金证股份 公告编号：2025-052 特此公告。 关于修订公司章程部分条款的公告 深圳市金证科技股份有限公司 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。 董事会 深圳市金证科技股份有限公司（以下简称"公司"）于 2025 年 10 月 28 日召 开第八届董事会 2025 年第八次会议，审议通过了《关于修订公司章程部分条款 的议案》。因公司于 2025 年 8 月 22 日完成注销 2022 年已回购股份中尚未出售的 5,007,526 股股份，公司总股本发生变化，为保证《公司章程》与实际情况的一 致性，同时根据公司实际经营需要，计划调整经营范围，公司拟对《公司章程》 的有关条款进行修订，具体修订内容如下： 二〇二五年十月二十九日 | 技术服务进出口；IT 技术教育培训；信 | | 出口；IT | | 技术教育培训；信息技术开发、 | | --- | --- | --- | --- | --- | | 息技术开发、服务；技术服务；信息系 | | | 服务；技术服务；信息系统集成服务； ...

证券代码：600446 证券简称：金证股份 公告编号：2025-051 关于使用闲置自有资金进行委托理财的公告 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。 重要内容提示： 基本情况 | 投资金额 | 不超过 万元 240,000 | | --- | --- | | 投资种类 | 包含但不限于金融机构理财产品、信托产品、资产管理计 | | | 划、公募基金产品、国债逆回购、质押式报价回购。 | | 资金来源 | 自有资金 | 已履行及拟履行的审议程序:经深圳市金证科技股份有限公司（以下 简称"公司"）于 2025 年 10 月 28 日召开的第八届董事会 2025 年第八次会议 审议通过，尚需提交公司股东会审议。 特别风险提示：本次委托理财种类包含但不限于金融机构理财产品、 信托产品、资产管理计划、公募基金产品、国债逆回购、质押式报价回购， 风险水平处于中低风险及以下风险评级，但仍可能存在市场风险、流动性风 险、信用风险及其他风险，受各种风险影响，理财产品的收益率可能会产生 波动，理财收益具有不确定性。 一、投资情况概述 （ ...

证券代码：600446 证券简称：金证股份 公告编号：2025-053 深圳市金证科技股份有限公司 关于续聘会计师事务所的公告 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： 2025 年 10 月 28 日，深圳市金证科技股份有限公司（以下简称"公司"或 "金证股份"）召开第八届董事会 2025 年第八次会议，审议通过了《关于公司聘 请 2025 年财务审计机构及内部控制审计机构的议案》，根据竞争性谈判结果，并 经公司董事会审计委员会审核，董事会同意续聘立信会计师事务所（特殊普通合 伙）（以下简称"立信"）为公司 2025 年财务审计机构和内部控制审计机构，该 议案尚需提交公司股东会审议。现将相关情况公告如下： 一、拟聘任会计师事务所的基本情况 （一）机构信息 1.基本信息 立信会计师事务所（特殊普通合伙）是 2010 年全国首家完成改制的特殊普 通合伙制会计师事务所，注册地址为上海市，首席合伙人为朱建弟先生。立信是 国际会计网络 BDO 的成员所，长期从事证券服务业务，新证券法实施前具有证 券、期货业务 ...

证券代码：600446 证券简称：金证股份 公告编号：2025-055 深圳市金证科技股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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 会议召开时间：2025年10月31日（星期五）下午15:00-16:00 会议召开方式：网络文字互动方式 网络直播地址：投资者可于2025年10月31日直接登录全景网（https://ir.p5w.net/） 在线参与本次说明会。 投资者可以在2025年10月30日下午16:00前将需要了解的情况和关注问题预 先发送至邮箱（chenzhisheng@szkingdom.com），公司将在2025年第三季度 业绩说明会上就投资者普遍关注的问题进行回答。 三、公司出席业绩说明会的人员 公司董事长李结义先生、总裁王清若先生、独立董事杨正洪先生、高级副总 裁兼董事会秘书殷明先生、财务负责人周志超先生将参加本次业绩说明会。 四、投资者参与方式 （一）投资者可以在 2025 年 10 月 30 日下午 16:00 前将需要了解的 ...