Core Insights - The A-share market experienced active trading in September 2025, with a significant increase in the number of new accounts and user engagement on securities apps, indicating a robust market environment [1][3][10]. User Engagement and Market Activity - In September 2025, the monthly active users of securities apps reached 175 million, marking a 0.74% month-over-month increase and a 9.73% year-over-year increase, setting a new record for the year [1][5]. - The Shanghai Composite Index saw a slight increase of 0.64% in September, while the Shenzhen Component Index surged by 6.54%, reflecting a strong market performance [3]. - New account openings in the A-share market totaled 2.9372 million in September, a year-over-year increase of 60.73% and a month-over-month increase of 10.83%, making it the second-highest monthly figure of the year [3][4]. Securities App Performance - The top three third-party securities apps, Tonghuashun, Dongfang Caifu, and Dazhihui, maintained a dominant position with monthly active users exceeding 10 million [7][8]. - Tonghuashun led with 37.21 million active users in September, followed by Dongfang Caifu and Dazhihui with 18.23 million and 12.71 million, respectively [7][8]. - The overall user growth of securities apps showed signs of slowing down, with some broker apps experiencing slight month-over-month declines in active users [6][10]. Financing and Margin Accounts - In September, new margin trading accounts reached 205,400, a month-over-month increase of 12.24% and a year-over-year increase of 288%, indicating growing investor participation [4]. - The total number of margin trading accounts surpassed 15.29 million by the end of September, with individual investors accounting for 7.70 million [4]. AI Integration in Securities Apps - The integration of artificial intelligence (AI) is becoming a core focus for securities firms, enhancing operational models and service quality [11][12]. - Several firms are actively developing AI-driven applications to improve customer service and streamline processes, with notable launches including Huatai Securities' "AI Zhangle" app [12].

Core Viewpoint - The A-share market is experiencing increased trading activity, with a significant rise in the number of active users on securities apps, driven by new account openings and a favorable market environment [1][3][4]. User Activity and Market Trends - In September 2025, the monthly active user count for securities apps reached 175 million, marking a 0.74% increase month-on-month and a 9.73% increase year-on-year, setting a new record for the year [1][4]. - The A-share market showed strong performance, with the Shanghai Composite Index rising by 0.64% and the Shenzhen Component Index increasing by 6.54% in September [3]. - New account openings in September totaled 2.9372 million, a year-on-year increase of 60.73% and a month-on-month increase of 10.83%, bringing the total for the first three quarters of 2025 to approximately 20.149 million [3][4]. Securities App Performance - The top three securities apps, Tonghuashun, Dongfang Caifu, and Dazhihui, dominate the market with over 10 million active users each, while the overall growth rate of active users is slowing down [6][10]. - The monthly active user numbers for the top apps in September were as follows: Tonghuashun at 37.21 million, Dongfang Caifu at 18.23 million, and Dazhihui at 12.71 million, with respective month-on-month growth rates of 1.31%, 1.81%, and 1.01% [7][10]. Financing and Margin Accounts - In September, new margin trading accounts reached 205,400, a month-on-month increase of 12.24% and a year-on-year increase of 288%, indicating growing investor participation [4]. - The total number of margin accounts exceeded 15.29 million by the end of September, with individual investors accounting for approximately 7.70 million [4]. AI Integration in Securities Apps - The integration of artificial intelligence (AI) is becoming a core focus for securities firms, enhancing operational models and service quality [12][13]. - Several firms are launching AI-driven apps to improve customer service and engagement, with a focus on personalized and efficient user experiences [13][14]. Market Outlook - The future growth of active users on securities apps may be influenced by external market factors, policy expectations, and the ongoing influx of new investors [11][12].

上海大智慧股份有限公司 关于持股 5%以上股东部分股份解除质押的公告 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。 证券代码：601519 证券简称：大智慧 编号：临 2025-070 本次股份解除质押后暂无后续再质押计划。 二、股东累计质押股份情况 截至本公告出具之日，湘财股份的累计质押股份情况如下： 1 | | 股东名称 | 湘财股份 | | --- | --- | --- | | | 持股数量（股） | 192,136,807 | | | 持股比例 | 9.66% | | | 本次解质押前累计质押数量（股） | 47,880,000 | | | 本次解质押后累计质押数量（股） | 23,000,000 | | | 占其所持股份比例 | 11.97% | | | 占公司总股本比例 | 1.16% | | 已质押股 | 已质押股份中限售股份数量（股） | 0 | | 份情况 | 已质押股份中冻结股份（股） | 0 | | 未质押股 | 未质押股份中限售股份数量（股） | 0 | | 份情况 | 未质押股份中冻结股份数量（股 ...

一、召开会议的基本情况 (一) 股东大会类型和届次 2025年第三次临时股东大会 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络 投票相结合的方式 证券代码：601519 证券简称：大智慧 公告编号：2025-072 上海大智慧股份有限公司 关于召开2025年第三次临时股东大会的通知 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： (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 11 月 6 日 13 点 30 分 召开地点：上海市浦东新区东方路 889 号上海红塔豪华精选酒店 2 楼莫扎特厅 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 股东大会召开日期：2025年11月6日 本次股东大会采用的网络投票系统：上海证券交易所股东大 会网络投票系统 网络投票起止时间：自2025 年 11 月 6 日 至2025 年 11 月 6 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投 票时 ...

上海大智慧股份有限公司 2025 年第三次临时股东大会 会议资料 上海大智慧股份有限公司 二〇二五年十一月 1 / 6 目 录 | 2025 | 年第三次临时股东大会会议议程 | 3 | | --- | --- | --- | | 2025 | 年第三次临时股东大会须知 | 5 | | 议案 | 关于补选公司董事的议案 | 6 | 2 / 6 上海大智慧股份有限公司 2025 年第三次临时股东大会会议议程 一、会议时间： 1、现场会议召开时间为：2025 年 11 月 6 日 下午 13:30 开始 上海大智慧股份有限公司（以下简称"公司"）2025 年第三次临时股东大 会采用上海证券交易所（以下简称"上交所"）交易系统投票平台进行网络投票 的具体时间为：2025 年 11 月 6 日 9:15-9:25，9:30-11:30，13:00-15:00 期间 的任意时间。 二、现场会议地点 上海市浦东新区东方路 889 号上海红塔豪华精选酒店 2 楼莫扎特厅 2、网络投票起止时间： 三、出席人员 1、2025 年 10 月 31 日下午 15:00 交易结束后在中国证券登记结算有限责任 公司上海分公司登记在册的 ...

证券代码：601519 证券简称：大智慧 公告编号：临 2025-071 同意聘任申睿波先生为公司财务总监，任期自本次董事会审议通 过之日起至第五届董事会届满为止。申睿波先生的简历详见公司同日 披露的股东大会资料。 上海大智慧股份有限公司 第五届董事会 2025 年第八次会议决议公告 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法律责任。 上海大智慧股份有限公司（以下简称"公司"）第五届董事会 2025 年第八次会议于 2025 年 10 月 21 日以现场结合通讯方式召开。 本次会议应出席会议董事 6 人，实际出席会议董事 6 人。本次会议通 知于同日以邮件方式向全体董事发出，经与会董事全体同意，本次董 事会豁免通知时间。本次会议的召集、召开及表决程序符合《公司法》 及《公司章程》的规定。会议由董事长张志宏先生主持，经与会董事 审议，表决通过了如下决议： 一、审议通过《关于补选公司董事及聘任财务总监的议案》 表决情况：6 票同意，0 票反对，0 票弃权 经公司董事会审议，决定提名申睿波先生为公司第五届非独立董 事候选人，同时担任薪酬 ...

Core Insights - The A-share market in September 2025 saw active trading, with stock trading apps experiencing significant user engagement, reaching a record high of 175 million monthly active users, marking a 0.74% month-on-month increase and a 9.73% year-on-year increase [1][6][4] User Engagement and Market Activity - The number of new accounts opened in the A-share market surged to 2.9372 million in September, a year-on-year increase of 60.73% and a month-on-month increase of 10.83%, making it the second-highest monthly figure of the year [5][4] - The Shanghai Composite Index rose by 0.64% in September, while the Shenzhen Component Index saw a significant increase of 6.54% [4] - The trading volume in September led to a notable increase in transaction stamp duty, which reached 314.2 billion yuan, a year-on-year increase of 34.5%, with securities transaction stamp duty alone amounting to 144.8 billion yuan, up 103.4% year-on-year [4][6] App Performance and Market Dynamics - The top three third-party securities apps, Tonghuashun, Dongfang Caifu, and Dazhihui, maintained a stronghold with over 10 million active users each, while the overall user growth for securities apps showed signs of slowing down [1][9][14] - The competitive landscape among securities apps is increasingly polarized, with larger firms gaining more traction compared to smaller ones, indicating a "Matthew Effect" in the industry [9][15] - The active user count for Tonghuashun reached 37.21 million, with a month-on-month increase of 1.31%, while Dongfang Caifu and Dazhihui had 18.23 million and 12.71 million active users, respectively [10][14] AI Integration in Securities Apps - The integration of artificial intelligence (AI) is becoming a core focus for securities firms, enhancing operational models and service quality [17][18] - Several securities firms are launching AI-driven applications to improve user experience and engagement, with features tailored to younger demographics [18][17] - The shift towards AI is expected to create a comprehensive ecosystem that connects various services, including trading, wealth management, and customer support [17][18]

Core Viewpoint - The stock of Dazhihui has shown significant volatility, with a year-to-date increase of 54.59%, but recent declines in the short term indicate potential market fluctuations [1][2]. Group 1: Stock Performance - As of October 21, Dazhihui's stock price increased by 2.07% to 14.30 CNY per share, with a trading volume of 3.01 billion CNY and a turnover rate of 1.07%, resulting in a total market capitalization of 28.445 billion CNY [1]. - Year-to-date, Dazhihui's stock has risen by 54.59%, but it has experienced a decline of 6.66% over the last five trading days and 10.62% over the last 20 days [1]. - The stock has been on the "龙虎榜" (a list of stocks with significant trading activity) nine times this year, with the most recent appearance on September 18, where it recorded a net buy of -329 million CNY [1]. Group 2: Financial Performance - For the first half of 2025, Dazhihui reported a revenue of 379 million CNY, reflecting a year-on-year growth of 13.19%, while the net profit attributable to shareholders was -3.47 million CNY, showing a significant year-on-year improvement of 97.48% [2]. - Since its A-share listing, Dazhihui has distributed a total of 174 million CNY in dividends, with no dividends paid in the last three years [3]. Group 3: Shareholder Information - As of June 30, 2025, Dazhihui had 133,700 shareholders, a decrease of 13.50% from the previous period, with an average of 14,883 shares held per shareholder, an increase of 14.76% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 27.4495 million shares, a decrease of 1.2262 million shares from the previous period, while Southern CSI 1000 ETF increased its holdings by 3.0703 million shares to 9.2573 million shares [3].

Core Points - The company announced the unfortunate passing of its financial director, Chen Zhi, on October 19, 2025, and expressed gratitude for his contributions to the company [2] - Chen Zhi had previously been unable to perform his duties due to health reasons, and the board had appointed the secretary to act in his place until his recovery [2] Group 1 - Chen Zhi served as a director, member of the remuneration and assessment committee, and financial director, contributing significantly to the company's development [2] - The company and its board expressed deep condolences and sympathy to Chen Zhi's family following his passing [2] - The company confirmed that Chen Zhi's death would not reduce the board's number below the legal minimum, and it will proceed with the necessary appointments as per regulations [2] Group 2 - Chen Zhi, aged 55, had prior experience as the financial director at Sichuan Zhonghe Da Investment Management Co., Ltd. and as the secretary and financial director at Chengdu Lechuang Automation Technology Co., Ltd. [3]

Core Points - The company announced the unfortunate passing of its director and CFO, Mr. Chen Zhi, on October 19, 2025, as notified by his family [1] - Mr. Chen was recognized for his dedication and significant contributions to the company's development during his tenure [1] - The board and all employees expressed deep condolences and sympathy to Mr. Chen's family [1] Company Operations - The death of Mr. Chen will not reduce the board's membership below the legal minimum required by the Company Law [1] - The company will promptly complete the necessary appointments for the vacant positions in accordance with relevant laws and regulations [1] - The company's production and operational activities are expected to remain unaffected by this event [1]