北京国枫律师事务所 关于湘财股份有限公司换股吸收合并 上海大智慧股份有限公司 井募集配套资金暨关联交易 相关内幕信息知情人股票买卖情况的 专项核查意见 国枫律证字[2025]AN161-4 号 GRANDWAY 北京国枫律师事务所 Grandway Law Offices 北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 邮编: 100005 电话(Tel)：010-88004488/66090088 传真(Fax)：010-66090016 北京国枫律师事务所 关于湘财股份有限公司换股吸收合并 上海大智慧股份有限公司 井募集配套资金暨关联交易 相关内幕信息知情人股票买卖情况的 专项核查意见 国枫律证字[2025] AN161-4 号 致: 上海大智慧股份有限公司 根据北京国枫律师事务所(以下称"本所")与上海大智慧股份有限公司(以 下称"大智慧"、"上市公司"或"公司")签署的《法律服务委托协议》,本 所接受大智慧的委托,担任大智慧本次与湘财股份有限公司(以下称"湘财股 份"）实施换股吸收合并交易的专项法律顾问。 本所律师根据《重组管理办法》《第 26 号准则》《监管规则适用指引 -- 上市类第１ ...

粤开证券股份有限公司 关于湘财股份有限公司换股吸收合并 上海大智慧股份有限公司并募集配套资金暨关联交易 相关内幕信息知情人买卖股票情况的自查报告 之专项核查意见 根据《中华人民共和国证券法》、《上市公司重大资产重组管理办法》《公 开发行证券的公司信息披露内容与格式准则第 26 号——上市公司重大资产重组》 及《监管规则适用指引——上市类第 1 号》等法律法规和规范性文件的规定，粤 开证券股份有限公司（以下简称"粤开证券"）作为湘财股份有限公司（以下简 称"湘财股份"）换股吸收合并上海大智慧股份有限公司（以下简称"大智慧"） 并募集配套资金项目（以下简称"本次交易"）重大资产重组事项的被吸收合并 方独立财务顾问，对本次交易相关内幕信息知情人买卖湘财股份和大智慧股票的 情况进行了核查，具体如下： 一、本次交易的内幕信息知情人买卖股票情况的自查期间 本次交易的内幕信息知情人买卖股票情况的自查期间为合并双方就本次交 易申请股票停牌前六个月至《湘财股份有限公司换股吸收合并上海大智慧股份有 限公司并募集配套资金暨关联交易报告书（草案）》披露之前一日止，即 2024 年 9 月 17 日至 2025 年 9 月 25 日。 ...

证券代码：601519 证券简称：大智慧 编号：临 2025-068 根据《上市公司重大资产重组管理办法》《公开发行证券的公司 信息披露内容与格式准则第 26 号——上市公司重大资产重组》《上 海证券交易所上市公司自律监管指引第 6 号——重大资产重组》《上 市公司监管指引第 5 号——上市公司内幕信息知情人登记管理制度》 《监管规则适用指引——上市类第 1 号》的相关规定以及合并双方提 供的《内幕信息知情人员登记表》和内幕信息知情人等相关方出具的 自查报告，本次交易的内幕信息知情人核查范围包括： 根据《中华人民共和国证券法》《上市公司重大资产重组管理办 法》《公开发行证券的公司信息披露内容与格式准则第 26 号——上 市公司重大资产重组》及《监管规则适用指引——上市类第 1 号》等 法律法规和规范性文件的规定，公司对本次交易相关内幕信息知情人 买卖大智慧和湘财股份股票的情况进行了核查，具体如下： 一、本次交易的内幕信息知情人买卖股票情况的自查期间 本次交易的内幕信息知情人买卖股票情况的自查期间为大智慧、 湘财股份（以下简称"合并双方"）就本次交易申请股票停牌前六个 月至《湘财股份有限公司换股吸收合并上海大智 ...

上海市静安区山西北路99号苏河湾中心MT25-28楼 邮编：200085 25-28/F, Suhe Centre, 99 North Shanxi Road, Jing'an District, Shanghai, China 电话/Tel: (+86)(21) 5234 1668 传真/Fax: (+86)(21) 5234 1670 网址/Website: http://www.grandall.com.cn 国浩律师（上海）事务所 关于 上海大智慧股份有限公司 2025 年第二次临时股东大会 之 法律意见书 二〇二五年十月 国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于上海大智慧股份有限公司 2025 年第二次临时股东大会 之 法律意见书 致：上海大智慧股份有限公司 作为具有从事中国法律业务资格的律师事务所，国浩律师（上海）事务所（以 下简称"本所"）接受上海大智慧股份有限公司（以下简称"公司"）的委托，根据 《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券 法》（以下简称"《证券法》"）等法律法规及规范性文件的规定，指派本所律师 出席公司2025年第二次临时 ...

证券代码：601519 证券简称：大智慧 公告编号：2025-066 上海大智慧股份有限公司 2025年第二次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 10 月 13 日 (二)股东大会召开的地点：上海市浦东新区东方路 889 号上海红塔豪 华精选酒店 3 楼萧邦厅 | 1、出席会议的股东和代理人人数 | 2,248 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 833,696,394 | | 3、出席会议的股东所持有表决权股份数占公司有表 | 41.9119 | | 决权股份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定， 大会主 持情况等。 本次股东大会由公司董事会召集，会议由董事长张志宏先生主持， 以现场会议的方式召开，投票采用现场投票与网络投票相结合的方式。 会议的召集和召开程序、表决方式符合《中华人民共和国公 ...

Core Insights - On September 30, Dazhihui experienced a decline of 2.29% with a trading volume of 1.52 billion yuan, indicating a negative market sentiment towards the company [1] - The company reported a net financing outflow of 68.37 million yuan on the same day, with a total financing and margin trading balance of 1.266 billion yuan, which is at a high level compared to the past year [1] - Dazhihui's main business segments include financial information services, big data services, and overseas operations, with financial information services contributing 50.75% to revenue [2] Financing and Margin Trading - On September 30, Dazhihui had a financing buy-in of 167 million yuan and a repayment of 236 million yuan, resulting in a net buy-in of -68.37 million yuan [1] - The current financing balance stands at 1.263 billion yuan, accounting for 3.93% of the circulating market value, which is above the 90th percentile of the past year [1] - In terms of margin trading, Dazhihui repaid 40,300 shares and sold 9,200 shares on September 30, with a margin balance of 2.5726 million yuan, also at a high level compared to the past year [1] Company Overview - Dazhihui was established on December 14, 2000, and went public on January 28, 2011, focusing on internet financial information services [2] - As of June 30, the company had 133,700 shareholders, a decrease of 13.50% from the previous period, while the average circulating shares per person increased by 14.76% to 14,883 shares [2] - For the first half of 2025, Dazhihui reported a revenue of 379 million yuan, a year-on-year increase of 13.19%, but a net profit attributable to shareholders of -3.47 million yuan, reflecting a significant year-on-year growth of 97.48% in losses [2] Dividend and Shareholding - Since its A-share listing, Dazhihui has distributed a total of 174 million yuan in dividends, with no dividends paid in the last three years [3] - As of June 30, 2025, the largest circulating shareholder is Hong Kong Central Clearing Limited, holding 27.4495 million shares, a decrease of 1.2262 million shares from the previous period [3] - The Southern CSI 1000 ETF ranks as the tenth largest circulating shareholder, increasing its holdings by 3.0703 million shares to 9.2573 million shares [3]

■昌校宇 近日发布的全国社会保障基金(以下简称"全国社保基金")2024年度报告显示，全国社保基金去年全年实 现投资收益额2184.18亿元，投资收益率8.10%；自成立以来的年均投资收益率为7.39%，累计投资收益 额达19009.98亿元。 笔者认为，作为国家社会保障战略储备基金，全国社保基金的亮眼"成绩单"，体现出其紧扣中国经济脉 搏、锚定国家战略的大局观，彰显出其坚持"长期投资、价值投资、责任投资"理念的"投资大智慧"。 中国经济的强大韧性，为全国社保基金收益增长奠定了基础。报告提到，全国社保基金"始终坚定中国 经济长期向好的信心"，投资着眼于"分享国民经济增长的长期收益和资本市场健康发展的成果"。面对 复杂多变的外部环境，我国经济基础稳、优势多、韧性强、潜能大，长期向好的基本面始终未变。从投 资布局看，全国社保基金将资产配置深度融入我国经济发展脉络，2024年末境内投资资产占比达 86.82%，形成"经济增长带动基金增值、基金增值反哺实体经济"的良性循环。 政策体系的持续完善，为全国社保基金稳健运作铺就通途。2024年以来，从新"国九条"提出构建支 持"长钱长投"的政策体系，到《关于推动中长期资金入 ...

本报（chinatimes.net.cn）记者胡金华 上海报道 继国泰君安合并海通、国联与民生合并、西部证券收购国融、国信证券成为万和证券股东之后，资本市 场又一起券业合并拉开帷幕。 日前，沪市两家券商湘财股份（600095.SH）与大智慧（601519.SH）同步披露换股吸收合并关键草 案，标志着A股市场横跨传统券商与互联网券商的并购取得实质性进展。根据草案内容，湘财股份拟通 过换股方式吸收合并大智慧，并配套募集资金80亿元，重点投向金融科技领域。 "湘财证券吸收合并大智慧，本质是传统券商与金融信息服务商的深度联手，未来将共同打造流量+牌 照的全新业态。拥有类似合并历程的东方财富，2016年3月，东方财富曾通过收购西藏同信证券的方式 拿下券商牌照，成为国内首家拥有券商牌照的互联网平台。与之类似的，还有另一组互联网券商组合， 指南针+麦高证券。湘财合并大智慧后，或将成为业内第三家互联网券商。"上海一家头部券商行业分 析师陈欣接受《华夏时报》记者采访时表示。 交易细节公布 双方披露的多份公告内容显示，湘财股份拟换股吸收合并大智慧，湘财股份的A股换股价格为7.51元/ 股，大智慧的A股换股价格为9.53元/股，换 ...

Core Viewpoint - The stock of Shanghai Dazhihui Co., Ltd. has experienced significant fluctuations, with a year-to-date increase of 75.35% and recent trading activity indicating a net outflow of funds [1][2]. Company Overview - Shanghai Dazhihui Co., Ltd. was established on December 14, 2000, and went public on January 28, 2011. The company specializes in internet financial information services, focusing on three main business segments: securities information services, big data and data engineering services, and overseas business [2]. - The revenue composition of the company includes: financial information and data PC terminal services (50.75%), Hong Kong stock service system (15.50%), advertising and internet business promotion services (13.73%), comprehensive services for securities companies (11.56%), and other segments [2]. Financial Performance - For the first half of 2025, the company reported a revenue of 379 million yuan, representing a year-on-year growth of 13.19%. However, the net profit attributable to the parent company was a loss of 3.47 million yuan, although this reflects a significant improvement with a year-on-year growth of 97.48% [2]. - The company has distributed a total of 174 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 13.50% to 133,700, while the average circulating shares per person increased by 14.76% to 14,883 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 27.45 million shares, a decrease of 1.23 million shares from the previous period, while Southern CSI 1000 ETF increased its holdings by 307,030 shares to 9.26 million shares [3].

Market Overview - A-shares experienced a strong rally on September 29, with major indices collectively rising, including a 0.9% increase in the Shanghai Composite Index and over 2% gains in the Shenzhen Component Index and the ChiNext Index [1] - The total trading volume in the Shanghai and Shenzhen markets reached 21,614.65 billion yuan, an increase of 145.75 billion yuan from the previous day [1] Sector Performance - The top-performing ETFs included the Securities ETF (512000) which rose by 4.8%, the Nonferrous Metal Leaders ETF (159876) which increased by 4.17%, and the Financial Technology ETF (159851) which saw a peak increase of 4.88% during the day [2][4] - The Chemical ETF (516020) and the Green Energy ETF (562010) both experienced gains of over 2%, driven by strong performance in the solid-state battery sector [1][9] Investment Strategies - Analysts predict that the A-share market may gradually rise in the fourth quarter, supported by stable liquidity, economic recovery, and policy backing [2][3] - Historical trends suggest that the market typically performs well after the National Day holiday, with expectations for a continued upward trend post-holiday [2][3] Financial Technology Sector - The Financial Technology ETF (159851) has attracted significant investment, with a net subscription of 3.57 million units and a total of 12.87 billion yuan in inflows over the past ten days, indicating strong market confidence in the sector [4][9] - Key stocks in the financial technology sector, such as Guiding Compass and Oriental Fortune, have shown substantial gains, reflecting the sector's robust performance [6] Chemical Sector Developments - Recent government initiatives aim to accelerate the application of solid-state battery materials, which is expected to boost demand in the chemical sector [11] - The Chemical ETF (516020) has shown a favorable valuation, with a price-to-book ratio of 2.26, indicating potential for long-term investment [11][12] Conclusion - The current market environment presents opportunities in both the financial technology and chemical sectors, driven by policy support and strong investor interest [7][8][12]