证券代码：601519 证券简称：大智慧 公告编号：临 2025-051 上海大智慧股份有限公司 关于持股 5%以上股东权益变动的提示性公告 | | | 重要内容提示： 一、本次权益变动基本情况 公司于 2025 年 7 月 14 日收到公司持股 5%以上股东湘财股份的通知， 湘财股份发行的可交换公司债券"22 湘 02EB"已于 2023 年 3 月 23 日 进入换股期，其中自 2025 年 4 月 19 日至 2025 年 7 月 11 日换股 22,457,822 股。此外，因权益变动期间（2020 年 8 月 19 日至 2025 年 7 月 11 日）湘财股份及其一致行动人通过集中竞价交易方式减持以及公 司总股本变化导致股东持股比例被动变化。湘财股份及其一致行动人新 湖集团累计权益变动触及 5%整数倍，具体情况如下： 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。 | 义务人 | 1 | 地址 | 浙江省杭州市西湖区西溪路 | 128 号 | 1201 室 | | | --- | --- | --- | --- | ...

Company Overview - Shanghai Dazhihui Co., Ltd. was established on December 14, 2000, and transformed into a joint-stock company on December 14, 2009 [1] - The company experienced a significant stock price drop, hitting the limit down on July 14 [1] Fund Performance - The Southern Fund's Southern CSI 1000 ETF is among the top ten shareholders of Dazhihui, maintaining a 0.31% shareholding ratio in the first quarter of this year [1] - The fund has achieved a year-to-date return of 9.45%, ranking 860 out of 3426 in its category [1][2] Fund Manager Profile - The fund manager for Southern CSI 1000 ETF is Ms. Cui Lei, who holds a Master's degree in Financial Engineering from Cornell University and is a Certified Financial Analyst (CFA) [4][5] - Ms. Cui has extensive experience in fund management, having held various positions since joining Southern Fund in February 2015 [4][5] Fund Management Details - The Southern Fund Management Co., Ltd. was established in March 1998, with major shareholders including Huatai Securities Co., Ltd. (45%), Shenzhen Investment Holdings Co., Ltd. (30%), Xiamen International Trust Co., Ltd. (15%), and Industrial Securities Co., Ltd. (10%) [5]

沪指7月14日上涨0.27%，申万所属行业中，今日上涨的有21个，涨幅居前的行业为机械设备、公用事 业，涨幅分别为1.23%、1.04%。跌幅居前的行业为房地产、传媒，跌幅分别为1.29%、1.24%。计算机 行业今日下跌0.88%。 002153 石基信息 10.04 5.88 18700.83 | 300766 | 每日互动 | 4.24 | 15.20 | 17580.33 | | --- | --- | --- | --- | --- | | 300229 | 拓尔思 | 6.71 | 15.38 | 15501.94 | | 002908 | 德生科技 | 10.02 | 27.64 | 13748.25 | | 002990 | 盛视科技 | 7.01 | 16.46 | 12371.01 | | 300872 | 天阳科技 | 1.08 | 15.83 | 8612.75 | | 002401 | 中远海科 | 10.01 | 1.77 | 8207.83 | | 603516 | 淳中科技 | 5.97 | 7.64 | 4878.43 | | 300609 | 汇纳科技 | 5.73 | 7 ...

Core Viewpoint - The financial technology sector in A-shares faced a significant decline, particularly the "stablecoin" concept, with Dazhihui (601519.SH) hitting the daily limit down after a sharp rise in previous weeks [1][2] Group 1: Stock Performance - Dazhihui's stock opened at 14.24 yuan, down 9.99%, with a trading volume of 28.3 billion yuan and a turnover rate of 9.78% [1] - The stock had previously surged over 74% in just thirteen trading days from June 24 to July 11 [1] - On July 11, Dazhihui recorded a trading volume of 62.28 billion yuan, achieving a historical high turnover rate of 20.14% [1] Group 2: Company Clarification - Dazhihui issued a risk warning, clarifying that it has no qualifications or operations related to "stablecoins," virtual asset trading, or cross-border payments [2] - This was the fourth public clarification since July 9, but market speculation continued until the stock hit the limit down [2] Group 3: Regulatory Environment - Multiple financial regulatory bodies across cities like Beijing, Shenzhen, and Chongqing issued risk warnings regarding the "stablecoin" concept, cautioning against illegal financial activities [2] - The regulatory scrutiny is seen as a factor that burst the speculative bubble surrounding the concept [2] Group 4: Financial Performance and Restructuring - Dazhihui's half-year performance forecast indicated a net loss of 4.2 million to 2.8 million yuan, with a significant loss of 30 to 40 million yuan after excluding non-recurring items [3] - The company is in the process of a complex merger with Xiangcai Co., which is still under negotiation, adding uncertainty to its future [3] - Analysts suggest that without substantial business support, the stock's speculative rise is unlikely to be sustainable, especially given the company's lack of technical reserves and licenses [3] Group 5: Market Trends - Other stocks in the financial technology sector, such as Jinzhen Co. and Zhongke Jincai, also experienced declines exceeding 7% [4] - The overall market sentiment indicates caution towards speculative trading without solid business foundations, highlighting the risks involved [4]

New Stock Issuance - Shanda Electric (Stock Code: 301609) issued at a price of 14.66[1] - Jiyuan Group (Stock Code: 732262) issued at a price of 10.88[1] Market Alerts - Jichuan Pharmaceutical (Stock Code: 600566) has a tender offer period from June 18, 2025, to July 17, 2025[1] - The last trading day for Tuisan Jinguang (Stock Code: 600190) is July 14, 2025, with 4 trading days remaining[1] - The last trading day for Tuisan Jinjing (Stock Code: 900952) is also July 14, 2025, with 4 trading days remaining[1] Abnormal Fluctuations - *ST Zitian (Stock Code: 300280) reported severe abnormal fluctuations on July 10, 2025[1] - *ST Yushun (Stock Code: 002289) reported abnormal fluctuations on July 11, 2025[1] Other Notable Announcements - Longyuan Green Energy (Stock Code: 603185) announced on July 11, 2025[1] - Kedi Pharmaceutical (Stock Code: 000590) announced on July 14, 2025[1]

Group 1: Coal Sector Insights - The coal sector experienced a significant boost on July 14, with stocks like Zhengzhou Coal Power hitting the daily limit up, and other companies such as Shanxi Coal International and Liaoning Energy also seeing substantial gains [4][7]. - The China Coal Transportation and Marketing Association held a meeting emphasizing the need for coal companies to recognize the severe imbalance in supply and demand, and to strictly implement long-term contracts for electricity coal [7]. - The meeting also highlighted the importance of maintaining safety and stability in production, improving coal supply quality, and addressing "involution" competition within the industry [7]. Group 2: Market Performance - On July 14, the A-share market showed mixed results, with the Shanghai Composite Index rising by 0.27%, while the Shenzhen Component and ChiNext Index fell by 0.11% and 0.45% respectively [15]. - A total of 3,179 stocks rose, with 72 hitting the daily limit up, while 2,064 stocks declined, including 18 that hit the daily limit down [16][17]. - The total trading volume reached 14,809.22 billion CNY, with a total of 122,924.9 million shares traded [17]. Group 3: Other Sector Developments - The "anti-involution" policy is expected to stimulate market liquidity and has drawn comparisons to the "Belt and Road Initiative" in terms of its long-term narrative potential [8]. - Various sectors, including construction, steel, and cement, have expressed intentions to address structural contradictions within their industries, with specific policies anticipated to be introduced soon [9]. - In Dongguan, a new plan was released to promote high-quality service consumption, including initiatives to enhance dining experiences and expand elderly care services [11][13].

Market Overview - The A-share market showed mixed performance on July 14, with the Shanghai Composite Index up by 0.43% while the Shenzhen Component and ChiNext Index fell by 0.23% and 0.74% respectively [2] - The total market turnover was 987.4 billion yuan, slightly lower than the previous day, with 2,686 stocks rising and 2,528 stocks declining [3] Sector Performance - Precious metals, banking, and power sectors performed well, while financial technology and related stocks saw declines [3] - The PEEK materials index rose by 5.39%, and humanoid robots gained 2.17%, indicating strong interest in these sectors [4] Humanoid Robot Sector - The humanoid robot concept stocks surged, with notable gains in companies like Longrong Co. and Degute, both hitting the daily limit up [6] - Recent commercial developments include the upcoming launch of the Mocha robot by Chery and a 120 million yuan humanoid robot procurement order won by Yushun and Zhiyuan [9] Banking Sector - The banking sector continued its upward trend, with Guizhou Bank rising over 3% and several other banks increasing by more than 2% [9][10] Financial Technology Sector - The financial technology index declined, with stocks like Dazhihui and Jinzhen falling by over 9% [11] - Multiple cities issued risk warnings regarding stablecoins, indicating regulatory scrutiny in this area [13] Cryptocurrency Market - Bitcoin surpassed 120,000 yuan per coin, reaching a new historical high [15] - Upcoming legislative discussions in the U.S. regarding cryptocurrency regulations are expected to enhance market transparency [15]

Market Overview - The A-share market showed mixed performance on July 14, with the Shanghai Composite Index up by 0.43%, while the Shenzhen Component Index and the ChiNext Index fell by 0.23% and 0.74% respectively [2][3] - The total trading volume for the market reached 987.4 billion CNY, a slight decrease from the previous day, with 2,686 stocks rising and 2,528 stocks falling [3] Sector Performance - The precious metals, banking, and power sectors performed well, while the financial technology sector, including stock trading software and stablecoin concepts, faced declines [3][5] - Notable gains were seen in the humanoid robot concept stocks, with companies like Yushun Robotics and others experiencing significant increases [8][11] Humanoid Robot Sector - The humanoid robot concept stocks surged, with companies like Changrong Co. and Degute achieving daily price limits, indicating strong investor interest [8][9] - Recent commercial developments include the upcoming launch of the Mocha robot by Chery and a procurement order worth 120 million CNY for humanoid robots by Yushun and Zhiyuan [11] Banking Sector - The banking sector continued to show strength, with several banks, including Guiyang Bank and Agricultural Bank of China, reporting gains of over 2% [11][12] - This sector's performance has been a stabilizing factor for the overall market [11] Financial Technology Sector - The financial technology index experienced a downturn, with stocks like Dazhihui and Jinzhen falling by over 9% [14][17] - Multiple regions, including Beijing and Shenzhen, issued risk warnings regarding stablecoins, contributing to the sector's decline [14][18] Cryptocurrency Market - Bitcoin surpassed the 120,000 USD mark, reaching a new historical high, with predictions suggesting it could rise to 200,000 USD by the end of the year [23]

Core Concept - The article discusses the emerging concept of Real Data Assets (RDA), which transforms previously dormant data into valuable assets that can be traded or used for financing, highlighting its potential to revolutionize how companies leverage data for financial benefits [1][20]. RDA vs RWA - RDA is positioned as a more advanced version of Real World Assets (RWA), providing not just a digital representation of assets but also integrating real-time data to validate and enhance the value of those assets [3][4]. Key Companies Leveraging RDA - **Shanghai Steel Union**: Dominates the steel data market with over 70% global market share, generating 900 million yuan annually by issuing a data-backed stablecoin called "STEEL-CNY" [5][7][8]. - **COSCO Shipping Technology**: Monitors real-time data of over 5,000 global ports, transforming shipping logistics data into a payment system called "Cargo Treasure CNY," significantly reducing transaction fees [9][10]. - **Shanghai Nonferrous Metals Network**: Influences pricing in the nonferrous metals market through its established indices, allowing it to charge for pricing authority rather than just data [10]. - **Sanwei Tiandi**: Enhances data credibility through AI-driven tagging, ensuring data quality for RDA applications, and plays a role in setting RDA standards [11][12]. - **Zhongxin Saike**: Collects traffic data across 80% of highways in China, enabling infrastructure financing through packaged RDA assets [13][14]. - **Data Harbor**: Provides data center services and has begun to offer computing power as RDA assets, allowing companies to rent computing resources [14][15]. - **Huayang Lianzhong**: Utilizes advertising data from over 1 billion devices to create RDA packages that can be used for financing, enhancing the value of advertising investments [17][18]. - **Great Wisdom**: Offers financial data services and has created a closed loop for data assetization, allowing users to leverage their data for loans [18][19]. Market Trends and Implications - RDA is seen as a crucial solution for small and medium enterprises facing financing challenges, as it allows them to use real-time data as collateral for loans [20]. - The article emphasizes the importance of data monopolies and state-owned enterprises in the RDA landscape, suggesting that companies with unique data or strong government ties are better positioned to succeed [21].

Group 1 - The financial sector is experiencing a decline, with significant drops in stablecoin and fintech-related indices, and Dazhihui (601519) hitting the daily limit down with a trading volume of 2.83 billion yuan and a turnover rate of 9.78% [1][4] - Dazhihui's stock price surged over 74% from June 24 to July 11, but it is now facing a projected net loss of 4.2 million to 2.8 million yuan for the first half of 2025 due to insufficient revenue growth to cover costs [4][5] - Other financial stocks are also seeing declines, with Jinzheng Co. down over 9%, and significant drops in futures and securities sectors, including Nanhua Futures hitting the daily limit down [4][6] Group 2 - Recent warnings have been issued by various local institutions regarding the risks associated with stablecoins, highlighting concerns over illegal financial activities disguised as financial innovation and blockchain technology [6][7] - The market is currently focused on the high attention surrounding stablecoins, virtual asset trading, and cross-border payments, but Dazhihui has confirmed it does not possess relevant qualifications or engage in these businesses [4][6]