Summary of YunSai ZhiLian Conference Call Company Overview - **Company**: YunSai ZhiLian - **Industry**: Blockchain Technology and Digital Assets Key Points and Arguments Industry Involvement and Collaborations - YunSai ZhiLian participates as a co-leader in the formulation of trusted blockchain standards and collaborates with YiDian XinSheng to build a blockchain platform in Pudong New District, enhancing government efficiency in various sectors such as data resources, contract storage, electronic materials, time banking, and health records [2][3] - The company has a strategic partnership with Shanghai Pudong Development Bank, although specific business operations have not yet commenced [2][6] - Collaborations with major companies like Ant Group, Alibaba, and Huawei focus on standard and technical specifications for blockchain platform construction and data storage for smart connected vehicles [2][7] Project Developments - Since 2020, YunSai ZhiLian has worked with the Pudong New District Big Data Center on blockchain technology research and applications, with significant projects initiated in 2019 [3][9] - The blockchain platform developed for Pudong has been applied in multiple areas, including over 1,000 contracts on the contract storage chain and more than 20,000 transactions processed in the electronic materials chain [3][9] - The company is involved in the Shanghai Municipal Health Commission's health data laboratory, facilitating data circulation, trading, and regulation in the medical field [3][7] Government Engagement and Market Trends - The Shanghai State-owned Assets Supervision and Administration Commission is studying the trends of cryptocurrencies and stablecoins, indicating government interest in blockchain technology's potential [5][9] - YunSai ZhiLian aims to leverage its strengths to collaborate with government departments to promote innovation in cross-border trade, supply chain finance, and asset digitization [5][9] Technical Capabilities and Future Directions - The company has solid technical reserves in blockchain and digital currency, having started relevant projects in 2022 and co-created blockchain standards with the China Academy of Information and Communications Technology [3][9] - YunSai ZhiLian is well-positioned to respond quickly to government demands, particularly in the financial sector, where it has accumulated significant technical experience [9][10] Future Opportunities - As a major player in Shanghai's big data integration, YunSai ZhiLian is expected to play a crucial role in future blockchain and cryptocurrency developments, especially in the financial sector [10][11] - The company is monitoring new project bidding opportunities and is prepared to pursue better outcomes in cryptocurrency and stablecoin projects if they arise [11] Additional Important Information - The company has not disclosed specific details about ongoing projects with Ant Group due to the early stage of participation [8] - YunSai ZhiLian's current focus remains on existing client dimensions and technical fields, with potential future exploration into financial applications based on market demand [8][9]

Core Insights - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 11, 2025, highlighting significant players in the industry [1]. Group 1: Top Companies by Market Capitalization - TSMC leads the list with a market capitalization of approximately $11,916.56 million [3]. - Tencent Holdings ranks second with a market capitalization of about $5,885.24 million [3]. - Alibaba is in third place with a market capitalization of around $2,544.49 million [3]. - Pinduoduo follows in fourth place with a market capitalization of $1,490.20 million [3]. - Meituan and NetEase are also notable, with market capitalizations of $947.31 million and $807.83 million, respectively [3][4]. Group 2: Additional Notable Companies - Semiconductor Manufacturing International Corporation (SMIC) has a market capitalization of $472.08 million, ranking eighth [4]. - JD.com and Tencent Music are positioned ninth and tenth, with market capitalizations of $450.04 million and $309.78 million, respectively [4]. - Baidu and Li Auto are also significant players, with market capitalizations of $304.03 million and $291.16 million [4]. Group 3: Emerging and Smaller Companies - Companies like Xpeng Motors and ZTO Express have market capitalizations of $166.15 million and $154.59 million, respectively [4]. - Other companies in the list include iFlytek with $149.34 million and Baosight Software with $95.10 million [4][5]. - The list also features companies like Kingdee International and Wancloud Data, with market capitalizations of $70.72 million and $67.09 million, respectively [5].

Core Viewpoint - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 8, 2025, highlighting significant players in the industry and their respective valuations [1]. Group 1: Top Companies by Market Capitalization - TSMC leads the list with a market capitalization of approximately $11,885.95 million [3]. - Tencent Holdings follows with a valuation of about $5,867.71 million [3]. - Alibaba ranks third with a market cap of $2,535.66 million [3]. - Xiaomi Group is positioned fourth with a market capitalization of $1,935.90 million [3]. Group 2: Additional Notable Companies - JD.com is ranked eighth with a market cap of $461.57 million [4]. - SMIC (Semiconductor Manufacturing International Corporation) is close behind at $456.82 million, ranking ninth [4]. - Kuaishou is in the tenth position with a valuation of $356.39 million [4]. - Tencent Music and Baidu are also notable, with market caps of $310.40 million and $308.67 million, respectively [4]. Group 3: Emerging Players - Li Auto and Beike are valued at $286.24 million and $216.73 million, respectively, indicating their growing presence in the market [4]. - Xpeng Motors and iFlytek have market caps of $170.73 million and $149.98 million, showcasing their potential in the automotive and AI sectors [4]. - Other companies like Zhongtong Express and Baoson Software are also making strides with valuations of $143.32 million and $94.87 million [4]. Group 4: Market Trends - The rankings reflect the competitive landscape of the Chinese technology sector, with significant fluctuations in market capitalizations among various companies [1]. - The data is calculated based on the daily market values, indicating the dynamic nature of the industry [6].

Core Insights - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 7, 2025, highlighting their respective valuations in billions of dollars [1]. Group 1: Market Capitalization Rankings - The top three companies by market capitalization are: 1. Alibaba: $1,000.00 billion 2. Tencent: $800.00 billion 3. Baidu: $500.00 billion [3] - Other notable companies in the top 10 include: - JD.com: $462.29 billion - SMIC: $449.86 billion - Kuaishou: $344.87 billion [3][4] Group 2: Additional Rankings - Companies ranked from 11 to 20 include: - Tencent Music: $301.42 billion - Li Auto: $277.73 billion - Beike: $212.17 billion [4][5] - The rankings continue with companies such as: - Xpeng Motors: $179.69 billion - iFlytek: $149.88 billion - ZTO Express: $144.36 billion [5]

Group 1 - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 4, 2025 [1] - Alibaba leads the list with a market capitalization of approximately $259.36 billion [3] - Xiaomi and Pinduoduo follow, with market capitalizations of about $188.79 billion and $147.06 billion respectively [3] Group 2 - Meituan and NetEase rank sixth and seventh, with market capitalizations of $93.88 billion and $84.12 billion respectively [4] - Other notable companies include JD.com at $46.23 billion and Baidu at $29.68 billion [4] - The list includes a variety of companies from different sectors, such as Ideal Auto and Kuaishou, with market capitalizations of $27.77 billion and $32.88 billion respectively [4][5] Group 3 - The total market capitalization of the top 50 companies reflects the ongoing growth and competition within the Chinese technology sector [1] - The rankings are calculated based on the latest exchange rates, indicating the dynamic nature of the market [6] - Companies like NIO and Perfect World also feature in the rankings, showcasing the diversity of the industry [5][6]

Core Viewpoint - The company has decided to liquidate its subsidiary, Shanghai Yangtze River Investment Development Co., Ltd., to optimize its asset structure and improve operational efficiency [1][5][11]. Group 1: Company Overview - Shanghai Yangtze River Investment Development Co., Ltd. is a subsidiary of the company with a registered capital of 96.3 million RMB, where the company holds an 81.18% stake [2][5][8]. - The subsidiary's main business has been equity investment in Shanghai Panasonic Microwave Co., Ltd. [5][6]. Group 2: Financial Information - As of December 31, 2023, the subsidiary had total assets of 202.61 million RMB, total liabilities of 14.69 million RMB, and owner’s equity of 187.92 million RMB [9]. - The subsidiary reported zero revenue for its main business in 2023, with a net profit of 12.31 million RMB [9]. - As of December 31, 2024, the subsidiary's total assets were 189.68 million RMB, total liabilities were 0.99 million RMB, and owner’s equity was 189.67 million RMB [9]. Group 3: Liquidation Process - The liquidation process will be based on an asset evaluation report conducted by qualified accounting firms, with the total equity value assessed at 189.67 million RMB [2][11]. - The company will use the evaluated value as the basis for the liquidation of the subsidiary [11]. - The liquidation is expected to change the scope of the company's consolidated financial statements but will not impact its operational and financial status [11].

| 证券代码：600602 | 证券简称：云赛智联 | 编号：临 | 2025-030 | | --- | --- | --- | --- | | 900901 | 云赛 | B股 | | 云赛智联股份有限公司 扬子江投资是云赛智联控股子公司，注册资本9,630万元，其中云赛智联出 资7,818万元，占比81.18%；南京三乐集团有限公司出资906万元，占比9.41%； 新余环亚诺金企业管理有限公司出资906万元，占比9.41%，经营范围包括实业 投资，受托管理被投资企业，投资咨询等。近年来，扬子江投资主要业务为对 上海松下微波炉有限公司股权投资。 云赛智联于 2023 年 3 月 27 日召开公司十一届二十次董事会会议，审议同 意扬子江投资以 2022 年 6 月 30 日为评估基准日，以国资备案的评估结果为基 准，通过上海联合产权交易所公开挂牌转让扬子江投资所持上海松下微波炉有 限公司 40%股权。根据上海联合产权交易所有限公司交易结果，受让方为松下 电器（中国）有限公司，本次股权转让最终成交价为 19,444.437 万元。2023 年 7 月 13 日完成股权交割，扬子江投资收到股权转让款 19,44 ...

云赛智联股份有限公司（以下简称：云赛智联、公司）董事会十二届十八 次会议书面通知于2025年6月30日发出，并于2025年7月3日以通讯表决方式召开 会议。会议应出席董事7人，实际出席董事7人。会议由公司董事长黄金刚先生 主持，公司高级管理人员列席了本次会议。本次会议符合《公司法》、《上海 证券交易所股票上市规则》和《公司章程》等有关法律、法规的要求，所做决 议合法有效。会议审议并通过了以下议案： 证券代码：600602 证券简称：云赛智联 编号：临 2025-029 900901 云赛 B股 云赛智联股份有限公司 十二届十八次董事会会议决议公告 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个别及连带责任。 1 详见同日披露的《云赛智联关于控股子公司上海扬子江投资发展有限公司 清算注销的公告》（临2025-030）。 特此公告。 云赛智联股份有限公司董事会 二〇二五年七月四日 2 一、关于控股子公司上海扬子江投资发展有限公司清算注销的议案； 表决结果：7票赞成，0票反对，0票弃权。 上海扬子江投资发展有限公司（以下简称：扬子江投资）是 ...

Core Insights - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 3, 2025, highlighting significant players in the industry [1]. Group 1: Top Companies by Market Capitalization - Alibaba leads the list with a market capitalization of $2,641.6 billion [3]. - Xiaomi Group follows with a market cap of $1,925.84 billion [3]. - Pinduoduo ranks fourth with a valuation of $1,476.01 billion [3]. - Meituan and NetEase are also notable, with market caps of $963.67 billion and $842.15 billion, respectively [3][4]. Group 2: Additional Notable Companies - JD.com and SMIC (Semiconductor Manufacturing International Corporation) have market capitalizations of $468.06 billion and $449.86 billion, respectively [4]. - Kuaishou and Baidu are also included, with market caps of $329.93 billion and $297.16 billion [4]. - Other companies like Tencent Music, Li Auto, and Beike have market caps ranging from $211.93 billion to $296.92 billion [4][5]. Group 3: Companies with Lower Market Capitalization - Companies such as Vipshop, Kingdee International, and Ufine Network have market caps between $61.18 billion and $77.59 billion [5][6]. - The list continues with firms like Perfect World and Reading Group, which have market caps of $39.38 billion and $37.76 billion, respectively [6].

Core Insights - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 2, 2025, highlighting significant players in the industry [1]. Group 1: Market Capitalization Rankings - Alibaba leads the list with a market capitalization of $2719.38 billion [3]. - Pinduoduo follows with a market cap of $1497.59 billion [3]. - Meituan ranks third with a market cap of $965.23 billion [4]. - NetEase is fourth with a market cap of $853.42 billion [4]. - Other notable companies include JD.com at $471.37 billion and Kuaishou at $337.84 billion [4]. Group 2: Additional Rankings - Tencent Music has a market cap of $298.01 billion, while Baidu stands at $295.78 billion [4]. - Li Auto and Beike are valued at $287.2 billion and $213.25 billion, respectively [4]. - Xpeng Motors and iFlytek have market caps of $174.04 billion and $152.06 billion [4]. - The list continues with companies like Zhongtong Express at $143.08 billion and New Oriental at $87.65 billion [5]. Group 3: Market Trends - The rankings reflect the competitive landscape of the Chinese tech industry, with significant fluctuations in market values among the top players [1]. - The data is based on the latest exchange rates, indicating the dynamic nature of the market [6].