证券代码：600446 证券简称：金证股份 公告编号：2025-060 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 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： 深圳市金证科技股份有限公司（以下简称"公司"）股东赵剑先生及其一 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数量为 71,039,538 股，占公司总股本的 7.55%。 2025 年 11 月 6 日，赵剑先生解除质押 9,890,000 股，占其持有公司股份 的 16%，占公司总股本的 1.05%。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 25,230,000 股，占合计持股数量的 35.52%，占公司 总股本的 2.68%。 2025 年 11 月 7 日，公司接到股东赵剑先生的通知，获悉其所持有公司的部 分股份近期办理了质押解除业务，具体情况如下： | 股东名称 | 赵剑 | | | | --- | --- | --- | --- | | ...

Group 1 - The core point of the news is that Jinzheng Co., Ltd. announced the shareholding status of its major shareholder, Zhao Jian, and the financial performance breakdown for the first half of 2025 [1] - Zhao Jian and his associated party hold approximately 71.04 million shares, accounting for 7.55% of the total share capital [1] - Zhao Jian released the pledge of 9.89 million shares, which is 16% of his holdings and 1.05% of the total share capital [1] - After the release of the pledge, the total number of pledged shares held by Zhao Jian and his associated party is 25.23 million, representing 35.52% of their total holdings and 2.68% of the total share capital [1] Group 2 - For the first half of 2025, Jinzheng Co., Ltd.'s revenue composition is as follows: customized services account for 38.26%, securities brokerage software for 20.63%, IT equipment distribution for 15.0%, digital economy for 8.83%, banking software for 6.22%, and asset management software for 6.14% [1] - The current market capitalization of Jinzheng Co., Ltd. is 15.1 billion yuan [2]

Core Viewpoint - The resignation of founder Xu Minbo and the completion of a share reduction plan have raised concerns about the future of Jinzheng Co., as the company faces significant financial challenges with a 49.08% year-on-year revenue decline and a net loss of 56.53 million yuan in the first three quarters of 2025 [1][3]. Group 1: Executive Changes - Xu Minbo, a founding member of Jinzheng Co., has resigned from all positions after reducing his shareholding by 1 million shares, which is 0.11% of the total shares [2]. - Xu's resignation is effective immediately, and he still holds 43.56 million shares, representing 4.63% of the company, making him the fourth-largest shareholder [2]. Group 2: Financial Performance - In the first three quarters of 2025, Jinzheng Co. reported total revenue of 1.771 billion yuan, a decrease of 1.707 billion yuan or 49.08% year-on-year [3]. - The net profit attributable to shareholders was a loss of 56.53 million yuan [3]. - In Q3 2025, the company recorded revenue of 563 million yuan, down 50.19% year-on-year, with a net loss of 17.69 million yuan [4]. Group 3: Strategic Adjustments - Jinzheng Co. is focusing on its core financial technology business while reducing the scale of its non-financial IT operations, which has led to a decrease in revenue but an improvement in profitability [5]. - The gross margin for the financial IT business in the first half of 2025 was 42.67%, an increase of 2.56 percentage points year-on-year, while the gross margin for non-financial IT business rose significantly by 17.33 percentage points to 23.35% [5]. - Overall gross margin reached 37.45%, up 17.79 percentage points year-on-year [5]. Group 4: Company Background - Jinzheng Co. was established in 1998 and focuses on providing comprehensive technology solutions for various sectors, including securities, funds, banks, futures, trusts, exchanges, and regulatory agencies [6].

Shareholder Reduction Plans - Zhongjing Technology's shareholder Longi Green Energy plans to reduce holdings by no more than 3.8764 million shares [1] - Guobo Electronics' shareholder China Electronics Technology Group plans to reduce holdings by no more than 2.00% [1] - Hongbai New Materials' shareholder Xinyu Baolong plans to reduce holdings by no more than 19.5 million shares [1] - Founder Securities' shareholder China Cinda plans to reduce holdings by no more than 82.321 million shares [1] - Ningbo Zhongbai's shareholder Zhang Jiangbo plans to reduce holdings by no more than 1% [1] - Suli Co., Ltd.'s shareholder Gusheng Investment plans to reduce holdings by no more than 900,000 shares [1] - Ruihua Tai's shareholder Hangke New Century plans to reduce holdings by no more than 180,000 shares [1] - Shenkong's shareholder More Liangzhao plans to reduce holdings by no more than 2% [1] Other Notable Events - Yao Yigou received a tax matter notification [1] - ST Lingnan is being prosecuted for alleged collusion in bidding [1]

Core Viewpoint - Jinzheng Technology Co., Ltd. has experienced a decline in stock price and significant changes in financial performance, indicating potential challenges in its business operations and market perception [1][2]. Financial Performance - As of September 30, 2025, Jinzheng reported a revenue of 1.771 billion yuan, a year-on-year decrease of 49.08%, while the net profit attributable to shareholders was -56.53 million yuan, an increase of 51.03% year-on-year [2]. - The stock price has dropped 6.26% year-to-date, with a 10.72% decline over the past 20 days and a 12.79% decline over the past 60 days [1]. Shareholder Information - The number of shareholders as of September 30, 2025, was 78,800, a decrease of 12.97% from the previous period, with an average of 11,940 circulating shares per person, an increase of 14.30% [2]. - The company has distributed a total of 518 million yuan in dividends since its A-share listing, with 83.17 million yuan distributed over the past three years [3]. Market Activity - On November 5, 2025, Jinzheng's stock saw a trading volume of 126 million yuan, with a turnover rate of 0.82% and a total market capitalization of 15.211 billion yuan [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with a net buy of -75.66 million yuan on January 23, 2025 [1]. Business Overview - Jinzheng's main business includes providing comprehensive technical solutions to clients in the securities, fund, banking, futures, trust, exchange, and regulatory sectors, as well as engaging in digital economy projects with government and internet companies [2]. - The revenue composition includes customized services (45.26%), software (36.55%), hardware (15.00%), technology park leasing (3.19%), and other sources (0.01%) [2].

Core Viewpoint - The company is focusing on enhancing its financial technology business while reducing its non-financial IT operations, which has led to a decline in revenue from non-financial sectors. The company is also investing in AI and innovation to improve its core offerings and operational efficiency [1][5][13]. Financial Performance - For the first nine months of 2025, the company reported a revenue of 1.771 billion yuan, with non-financial business revenue at 457 million yuan. In comparison, for the same period in 2024, the revenue was 3.478 billion yuan, with non-financial business revenue at 2.055 billion yuan [5][7]. Business Strategy - The company is actively developing its AI capabilities, particularly in financial AI models, and is focusing on the integration of investment management and research products to enhance its core competencies in investment management [1][3][12]. - The company is implementing a strategy to shrink its non-financial IT business and concentrate on its core financial technology sector, with plans to potentially divest non-core operations when suitable opportunities arise [5][7][13]. Product Development - The company has made significant progress in its core products, including the FS2.5 core trading system, which has been successfully implemented at several securities firms, and the A8 investment trading system, which is operational at leading brokerages [10][12]. - The company is also exploring next-generation intelligent trading systems based on AI agents and has launched various intelligent investment solutions [4][8]. Market Environment - The company noted that the decline in revenue is partly due to a slowdown in IT investment from financial industry clients, which has extended project timelines for bidding, implementation, and acceptance [5][6]. - The company is optimistic about the future of its self-operated technology business, anticipating good development opportunities in the sector [3][12].

Group 1 - The company announced the results of share reduction by its shareholders and directors, confirming the authenticity and completeness of the announcement [1][5] - Before the reduction plan, shareholder Zhao Jian held 71,028,638 shares, accounting for 7.55% of the total share capital, while Xu Minbo held 44,562,621 shares, accounting for 4.73% [2] - The reduction plan was disclosed on July 14, 2025, with Zhao Jian planning to reduce up to 17,700,000 shares (1.87% of total shares) and Xu Minbo up to 11,100,000 shares (1.17% of total shares) from August 4 to November 3, 2025 [3] Group 2 - By the end of the reduction period, Zhao Jian had reduced 9,234,900 shares (0.98% of total shares) and Xu Minbo had reduced 1,000,000 shares (0.11% of total shares) [3][4] - The actual reduction was consistent with the previously disclosed plan, and the plan was fully implemented without early termination [4] Group 3 - On November 4, 2025, Xu Minbo submitted a resignation report due to personal reasons, resigning from the board and committees [5][6] - Xu Minbo's resignation will not affect the minimum number of board members or the normal operation of the board [6] - The company expressed gratitude for Xu Minbo's contributions during his tenure [7]

Core Viewpoint - On November 4, 2025, Shenzhen Jinzhen Technology Co., Ltd. announced the resignation of director Xu Minbo due to personal reasons, which may impact the company's governance and strategic direction [1][3] Group 1: Company Leadership Changes - Xu Minbo, a co-founder of the company and a long-serving director since its establishment in 1998, has submitted his resignation [3] - Xu held 43.56 million shares, representing 4.63% of the company, with a market value of approximately 720 million CNY based on the closing price of 16.50 CNY per share on November 4 [3] Group 2: Financial Performance - For Q3, the company reported revenue of 563 million CNY, a year-on-year decline of 50.19%, and a net loss of 17.69 million CNY [3] - Year-to-date revenue for the first three quarters was 1.77 billion CNY, down 49.08% year-on-year, with a net loss of 56.53 million CNY [3] - The company attributed the revenue decline to a strategic focus on its financial technology core business and a significant reduction in non-financial IT business revenue, which fell by 85% year-on-year [3] Group 3: Shareholder Actions - On July 13, the company announced plans for significant share reductions by major shareholders, including a total of 3.04% of the company's shares [4] - As of November 4, major shareholder Zhao Jian had reduced his holdings by 9.23 million shares (0.98% of total shares), while Xu Minbo reduced his holdings by 1 million shares (0.11% of total shares), realizing approximately 22.22 million CNY in cash [4] Group 4: Market Performance - On November 4, the company's stock closed at 16.50 CNY, down 2.02%, with a total market capitalization of 15.53 billion CNY [5] - The stock has experienced a 52-week high of 23.60 CNY and a low of 13.51 CNY, indicating significant volatility in its market performance [6]

Core Points - On November 4, 2025, the company announced that board member Xu Minbo submitted a written resignation due to personal reasons [1] Company Summary - Xu Minbo resigned from the company's eighth board of directors, as well as from the Strategic Committee and the Compensation and Assessment Committee [1]

Summary of Key Points Core Viewpoint - Several shareholders across various companies are planning to reduce their stakes, indicating potential shifts in ownership dynamics within the market [1]. Group 1: Shareholder Reductions - Hongbo New Materials' shareholder, Xinyu Baolong, intends to reduce its stake by 3% [1]. - Dayilong's shareholder, Lefeng Investment, has reduced its stake by 3% [1]. - Ningbo Zhongbai's Zhang Jiangbo plans to reduce his stake by 1% [1]. - Founder Securities reports that China Cinda plans to reduce its stake by 1% within three months [1]. - Liqun Co., Ltd.'s director, Hu Peifeng, intends to reduce his stake by 0.08% [1]. - Suli Co., Ltd.'s Guosheng Investment plans to reduce its stake by 0.4816% [1]. - Jinzhen Co., Ltd.'s Zhao Jian and Xu Minbo have reduced their stakes by 0.98% and 0.11%, respectively [1]. - Shenkong Technology's Wang Huan and Zhou Baocong plan to reduce their stakes by up to 0.0263% and 0.0210% within three months [1]. - Huaxi Biological's shareholder, Guoshou Chengda, plans to reduce its stake by no more than 2% [1]. - Xuanta Pharmaceutical's Qihe Venture has reduced its stake by 0.7098% [1]. - Desheng Technology's actual controller, Guo Xiaobin, has reduced his stake by 0.51% [1]. - Liren Technology's Liren Investment has reduced its stake by 0.0779% [1]. Group 2: Shareholder Increases - Zhongju Gaoxin's Li Ruxiong has increased his stake by 0.0129% [1].