Group 1: 6G Technology - Beijing has released its first special policy for the 6G industry, aiming to promote the development of 6G technology through supportive measures and collaboration between academia and industry [1] - The 6G industry is expected to enter a commercial phase after 2029, with significant transformations anticipated in sectors such as education, entertainment, and manufacturing [1] Group 2: Superconductors - The State-owned Assets Supervision and Administration Commission emphasizes the need to enhance the security of important metal mineral resources and accelerate the development of new production capabilities, particularly in superconducting materials [2] - The demand for superconducting materials in nuclear fusion devices is expected to increase, potentially driving down costs and expanding application areas [2] Group 3: AI in Healthcare - Beijing has launched an action plan to integrate AI with healthcare, aiming to establish itself as a leading innovation hub in this field by 2027 [3] - The AI healthcare sector is anticipated to accelerate, addressing limitations in human resources and enhancing precision and efficiency in medical services [3] Group 4: Brain-Computer Interface - Sichuan has introduced a plan to foster the development of brain science and brain-computer interface technologies, focusing on original technology breakthroughs and clinical applications [4] - This initiative is expected to invigorate the emerging industry landscape in Sichuan, creating new opportunities for future industrial development [4] Group 5: Cell Therapy - A team at Huazhong University of Science and Technology has successfully treated multiple myeloma using an in-body CAR-T therapy, which simplifies the process and reduces costs compared to traditional methods [5] - The global cell therapy market is projected to reach hundreds of billions of dollars as various cell treatment technologies gain traction [5] Group 6: Data Elements - The National Data Bureau has introduced measures to enhance the efficiency of data circulation and transactions, including a standardized contract template [6] - The data circulation market is expected to grow significantly, with projections of reaching 200 billion yuan by 2025 and 700 billion yuan by 2030 [6] Group 7: Cross-Border Payments - The People's Bank of China has released a draft for the rules governing the Cross-Border Interbank Payment System (CIPS), aiming to streamline operations and enhance efficiency [7] - CIPS is crucial for the internationalization of the renminbi, with significant growth in cross-border payment volumes anticipated [7] Group 8: Solid-State Batteries - Chery is accelerating its development of solid-state batteries, with plans to expand its research team and focus on various materials [8] - Solid-state batteries are expected to see widespread application by 2030, driven by their high energy density and safety advantages [8]

Market Overview - The Shanghai Composite Index rose by 0.32% on July 4, with 13 out of the 28 sectors experiencing gains, led by the banking and media sectors, which increased by 1.84% and 0.91% respectively [1] - The sectors that saw the largest declines were beauty care and non-ferrous metals, with decreases of 1.87% and 1.60% respectively [1] - The computer industry experienced a slight decline of 0.05% [1] Capital Flow Analysis - The net outflow of capital from the two markets was 21.926 billion yuan, with 8 sectors seeing net inflows [1] - The computer industry had the largest net inflow of capital at 2.811 billion yuan, despite its decline [1] - The banking sector also saw a net inflow of 758 million yuan while increasing by 1.84% [1] Computer Industry Performance - Within the computer industry, there are 335 stocks, with 94 stocks rising and 231 stocks falling [2] - The top three stocks with the highest net inflow were Dazhihui, Changliang Technology, and Xinyada, with net inflows of 479 million yuan, 425 million yuan, and 353 million yuan respectively [2] - The stocks with the largest net outflows included Xuanji Information, Inspur Information, and Hikvision, with net outflows of 203 million yuan, 163 million yuan, and 105 million yuan respectively [2][3] Capital Inflow and Outflow Rankings - The top stocks in terms of capital inflow included: - Dazhihui: +6.83%, 13.07% turnover, 479.43 million yuan inflow - Changliang Technology: +13.31%, 31.83% turnover, 425.40 million yuan inflow - Xinyada: +10.03%, 24.29% turnover, 352.72 million yuan inflow [2] - The top stocks in terms of capital outflow included: - Xuanji Information: -6.12%, 18.77% turnover, -202.71 million yuan outflow - Inspur Information: -1.24%, 2.10% turnover, -163.17 million yuan outflow - Hikvision: -0.36%, 0.33% turnover, -105.02 million yuan outflow [3]

Core Viewpoint - The mobile payment sector has shown a positive trend with a 0.82% increase, ranking sixth among concept sectors, indicating a growing interest and investment in this area [1][2]. Group 1: Market Performance - As of July 4, the mobile payment concept saw 48 stocks rise, with notable performers including Jin Yi Culture, Xinya Da, and Desheng Technology reaching their daily limit up [1]. - The top gainers in the mobile payment sector included Changliang Technology, which increased by 13.31%, followed by Zhengyuan Wisdom at 8.57%, and Chuangshi Technology at 6.94% [1][2]. - Conversely, the sector also experienced declines, with Yunnei Power, Boshi Jie, and Guanghong Technology falling by 4.70%, 3.13%, and 2.79% respectively [1]. Group 2: Capital Flow - The mobile payment sector attracted a net inflow of 1.995 billion yuan, with 55 stocks receiving net inflows, and 9 stocks exceeding 100 million yuan in net inflow [2]. - Changliang Technology led the net inflow with 425 million yuan, followed by Xinya Da, Jingbeifang, and Desheng Technology with net inflows of 353 million yuan, 247 million yuan, and 221 million yuan respectively [2][3]. - In terms of net inflow ratio, Desheng Technology, Xinya Da, and Hemei Group had the highest ratios at 31.21%, 17.66%, and 15.52% respectively [3]. Group 3: Stock Performance Metrics - The top stocks in the mobile payment sector based on daily performance included Changliang Technology with a 13.31% increase and a turnover rate of 31.83%, and Xinya Da with a 10.03% increase and a turnover rate of 24.29% [3]. - Other notable stocks included Jingbeifang with a 10.01% increase and a turnover rate of 15.16%, and Desheng Technology with a 10.02% increase and a turnover rate of 20.73% [3].

Core Insights - The China Securities Financial Technology Theme Index (930986) has seen a strong increase of 1.95% as of July 4, 2025, with notable gains in constituent stocks such as Tianyang Technology (300872) up 14.49% and Xinyada (600571) up 10.03% [3] - The Financial Technology ETF (516860) has risen by 1.82%, reaching a latest price of 1.4 yuan, and has accumulated a 9.13% increase over the past two weeks [3] - The Hong Kong Legislative Council has passed the Stablecoin Ordinance, set to take effect on August 1, establishing a comprehensive regulatory framework for fiat-backed stablecoins [3] Market Performance - The Financial Technology ETF has reached a new high in scale at 1.024 billion yuan and a new high in shares at 746 million [4] - The ETF has seen continuous net inflows over the past three days, with a maximum single-day net inflow of 90.37 million yuan, totaling 190 million yuan [4] - Leveraged funds have been actively buying into the ETF, with a maximum single-day net purchase of 13.79 million yuan [4] Historical Performance - The Financial Technology ETF has achieved a net value increase of 108.38% over the past year, ranking 8th out of 2897 index equity funds [5] - The ETF's highest monthly return since inception was 55.92%, with an average monthly return of 10.60% and a historical three-year holding probability of 97.31% [5] Risk and Fee Structure - The ETF has a Sharpe ratio of 1.61 over the past year, indicating strong risk-adjusted returns [6] - The management fee is 0.50% and the custody fee is 0.10%, which are among the lowest in comparable funds [6] - The tracking error for the ETF over the past year is 0.045%, demonstrating high tracking precision [6] Index Composition - The top ten weighted stocks in the China Securities Financial Technology Theme Index account for 51.2% of the index, with major companies including Dongfang Caifu (300059) and Tonghuashun (300033) [6]

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Summary of Hilda Company Conference Call Industry and Company Overview - **Company**: Hilda Company - **Industry**: Stablecoin and Cross-Border Payment Solutions Core Points and Arguments 1. **Stablecoin Technology Integration**: Hilda aims to integrate stablecoin technology with business scenarios to promote the internationalization of the Renminbi (RMB) and cross-border transactions [2][4][6] 2. **Global Payment Rule Development**: Hilda seeks to participate in the formulation of new global payment rules, leveraging its advantages in RMB internationalization and cross-border payments [4][5] 3. **Multi-Role Service Model**: The company plans to serve four key stakeholders: issuers, custodians, trading platforms, and end-users, under the regulatory framework in Hong Kong [5][6] 4. **Impact on Chinese Financial System**: The development of stablecoins is expected to maintain currency sovereignty, promote RMB internationalization, and innovate payment systems, enhancing China's voice in the global financial market [6][26] 5. **Competitive Advantages**: Hilda's advantages include extensive financial IT experience, investment in leading cross-border payment firms like Pingpong, and a favorable policy environment [7][26] 6. **Future Development Directions**: Hilda plans to deepen technology research and application, expand partnerships, and increase market coverage, particularly in cross-border payment and settlement scenarios [8][9] Additional Important Content 1. **International Business Expansion**: Hilda has established a subsidiary in Hong Kong to focus on overseas business, including payment settlement and cross-border RMB clearing, and has accumulated significant international business experience [10] 2. **Collaboration with Pingpong**: Hilda collaborates with Pingpong to facilitate payment settlements for merchants on platforms like Amazon, leveraging its connections with domestic financial institutions [21][25] 3. **Market Positioning**: Hilda holds a nearly 50% market share in the domestic international settlement market, serving major state-owned and joint-stock banks [16] 4. **Challenges in International Banking**: Hilda faces challenges in connecting with foreign banks due to varying local IT standards, but finds it easier to work with Chinese institutions abroad [23] 5. **Regulatory Environment**: The company benefits from the evolving regulatory landscape in Hong Kong regarding stablecoins, which presents new collaboration opportunities [15][26] 6. **Digital RMB and Cross-Border Settlement**: Hilda focuses on using the CIPS system for RMB internationalization rather than directly on digital RMB [27] This summary encapsulates the key insights from Hilda Company's conference call, highlighting its strategic focus on stablecoins and cross-border payment solutions within the evolving financial landscape.

Industry Rating - The industry rating is maintained at "Outperform" [1] Core Insights - The report suggests that the years 2025-2026 are expected to mark the commercialization of AI Agents, driven by advancements in large model capabilities and the introduction of key players like OpenAI, Anthropic, Microsoft, and Google [2][3] - The total addressable market (TAM) for AI Agents is estimated at approximately 3.61 trillion yuan, with significant opportunities in vertical industries such as IT and finance [2][3] - AI Agents are projected to replace specific standardized roles in various sectors, with a focus on enhancing productivity and ROI for businesses [3][48] Summary by Sections Investment Rating - The report maintains a rating of "Outperform" for the industry [1] Market Potential - The total addressable market (TAM) for AI Agents is estimated at 3.61 trillion yuan, calculated based on total salary levels, replacement rates, and efficiency optimization [50][54] - The report highlights six core scenarios where AI Agents are expected to penetrate first, including coding, banking, human resources, legal, cybersecurity, and customer service [61][62] Key Industry Insights - AI Agents are anticipated to significantly impact the banking sector, with 54% of jobs having a high potential for automation, leading to an estimated TAM of 1774.32 billion yuan in this field [71][77] - In the coding sector, AI is expected to automate up to 99% of coding tasks by the end of 2025, with a TAM of approximately 4357.84 billion yuan [63][68] - The report emphasizes that AI Agents will first replace roles in high-salary, white-collar industries such as finance, IT, and law, where the ROI for AI implementation is more favorable [55][57] Company Recommendations - The report suggests monitoring companies involved in general office applications and enterprise SaaS, as well as those in vertical markets like banking, human resources, and cybersecurity [3][4]

证券代码：600571 证券简称：信雅达 编号：2025-017 2025 年 5 月 31 日 本公司监事会及全体监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。 信雅达科技股份有限公司第九届监事会第一次会议通知于 2025 年 5 月 26 日以电子邮件方式发出，并以电话确认。会议于 2025 年 5 月 30 日以通讯方式 召开。公司现有监事 3 人，会议发出表决票 3 张，收到有效表决票 3 张。会议 的召开符合《公司法》及公司章程的规定。会议审议并通过了如下议案： 信雅达科技股份有限公司 一、 审议通过关于选举公司第九届监事会召集人的议案； 第九届监事会第一次会议决议公告 表决结果：同意 3 票，反对 0 票，弃权 0 票。 选举陈澜女士为公司第九届监事会召集人。 特此公告！ 信雅达科技股份有限公司 ...

法律意见书 浙江天册律师事务所 关于 信雅达科技股份有限公司 法律意见书 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 电话：0571-87901111 传真：0571-87901500 法律意见书 致：信雅达科技股份有限公司 浙江天册律师事务所（以下简称"本所"）接受信雅达科技股份有限公司（以 下简称"信雅达"或"公司"）的委托，指派本所律师参加公司 2024 年年度股东 大会，并根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华 人民共和国公司法》（以下简称"《公司法》"）的要求出具本法律意见书。 在本法律意见书中，本所律师仅对本次股东大会召集、召开程序、出席人员 的资格、召集人的资格、表决程序及表决结果的合法有效性发表意见，不对会议 所审议的议案内容和该等议案中所表述的事实或数据的真实性和准确性发表意见。 本法律意见书仅供公司 2024 年年度股东大会之目的使用。本所律师同意将本 法律意见书随信雅达本次股东大会其他信息披露资料一并公告，并依法对本所在 其中发表的法律意见承担法律责任。 本所律师按照律师行业公认的业务标准、道德规范和勤勉尽责的精神，对信 雅达本次股东大 ...