Group 1 - The core point of the article is that Dazhihui (sh601519) reached its daily limit on January 6, 2026, with a price of 14.77 yuan, a rise of 9.98%, and a total market capitalization of 29.38 billion yuan [1] - The company is advancing a major asset restructuring through a share swap merger with Xiangcai Co., which has been approved by a high vote at the shareholders' meeting, indicating significant business synergy potential [1] - Dazhihui is enhancing its governance structure by revising multiple internal management systems, which improves governance norms despite concerns over the cancellation of the supervisory board [1] Group 2 - As a leading provider of internet financial information services in China, Dazhihui holds 101 domestic trademarks and 128 software copyrights, establishing a strong foundation for its financial technology business [1] - The financial technology sector is experiencing rapid growth, and the company's intellectual property advantages align with industry development trends, attracting market attention [1] - On January 6, 2026, the financial technology sector saw active performance from several stocks, creating a certain level of sector linkage effect [1] Group 3 - Technically, if the MACD indicator for Dazhihui forms a golden cross and breaks through key resistance levels, it may attract more technical investors [1] - Monitoring by Tonghuashun indicates an increase in net buying from large orders on that day, suggesting inflow of main funds that contributed to the stock's limit-up [1]

Group 1 - The A-share market has seen significant gains in stock trading software companies, with Tonghuashun rising over 11% [1] - Dazhihui reached a daily limit increase of 10% [1] - Zhinan Compass increased by over 9%, while Lakala and Dongfang Caifu rose by over 6%, and Zhongke Jincai increased by over 4% [1]

Core Viewpoint - The financial technology sector is experiencing a significant upward trend, with the Shanghai Composite Index reaching a ten-year high and the sector showing strong performance driven by multiple positive factors [1][6]. Group 1: Market Performance - On January 6, the Shanghai Composite Index surpassed 4050 points, marking a ten-year high, with the financial technology sector achieving an eight-day consecutive rise [1][6]. - Internet brokerage concepts led the gains, with stocks like Tonghuashun rising over 8% and others like Zhina Compass and Wealth Trend increasing by more than 4% [1][6]. Group 2: Catalysts for Growth - The annual trading volume of A-shares has reached a historical high, exceeding 400 trillion yuan, which is expected to benefit internet brokerages with potential performance releases in 2025 and the first half of 2026 [3][8]. - AI is becoming a core driver in finance, with applications such as smart investment advisory, big data risk control, and automated operations enhancing product value and customer loyalty [3][8]. - Financial institutions are increasing their technology investments, and leading financial IT firms with product capabilities and technological barriers are expected to maintain their competitive edge, while the international expansion of financial technology presents new growth opportunities [3][8]. Group 3: Investment Recommendations - It is recommended to focus on the financial technology ETF (159851) and its associated funds (Class A 013477, Class C 013478), which cover a wide range of themes including internet brokerages, financial IT, cross-border payments, AI applications, and Huawei Harmony [3][8]. - The financial technology ETF (159851) has shown strong liquidity, with an average daily trading volume of 800 million yuan over the past six months, leading among eight ETFs tracking the same index [3][8].

投资者联系电话：021-20219261 传真：021-33848922 证券代码：601519 证券简称：大智慧 编号：临 2026-001 上海大智慧股份有限公司 关于变更公司办公地址的公告 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。 上海大智慧股份有限公司（以下简称"公司"）因办公楼租期将 至，根据公司经营发展需要，公司自 2026 年 1 月 5 日起搬迁至新址 办公，电话、邮箱等其他投资者联系方式保持不变。现将办公地址及 联系方式公告如下： 办公地址：上海市浦东新区东方路 1217 号 邮 编：200127 邮箱：Ir@gw.com.cn 敬请广大投资者留意，由此给投资者带来的不便公司表示由衷的 歉意。 特此公告。 上海大智慧股份有限公司董事会 二〇二六年一月六日 1 ...

Group 1 - The strategic cooperation between Tian Ning Town and Zhejiang University’s Yangtze River Delta Smart Oasis Innovation Center marks a new phase in local collaboration, focusing on precise alignment of demand and supply [1] - Tian Ning Town aims to develop a "3+2" industrial structure, which includes three leading industries: high-end equipment manufacturing, fashion textiles, and modern construction, along with two emerging industries: new energy materials and electronic information [1] - The first batch of signed projects includes joint investment promotion, digital twin factory construction, transparent factory construction, and snow vegetable color protection technology development [1][2] Group 2 - The digital twin factory and transparent factory projects will leverage laboratory digital twin and smart production line control technology to facilitate the digital and intelligent transformation of the traditional textile and dyeing industry [2]

Group 1 - The core point of the news is that Shanghai Dazhihui Co., Ltd. experienced a 1% decline in stock price, closing at 12.87 yuan per share, with a trading volume of 285 million yuan and a turnover rate of 1.10%, resulting in a total market capitalization of 25.6 billion yuan [1] - The company, established on December 14, 2000, and listed on January 28, 2011, focuses on internet financial information services, primarily in three sectors: securities information services, big data and data engineering services, and overseas business [1] Group 2 - From the perspective of fund holdings, Jin Ying Fund has one fund heavily invested in Dazhihui, specifically the Jin Ying Cycle Optimal Mixed A (004211), which held 90,000 shares in the third quarter, accounting for 5.38% of the fund's net value, ranking as the ninth largest holding [2] - The fund has a current scale of 18.6991 million, with a year-to-date return of 7.67%, ranking 6195 out of 8085 in its category, and a one-year return of 4.18%, ranking 6879 out of 8085 [2] Group 3 - The fund manager of Jin Ying Cycle Optimal Mixed A is Lin Longjun, who has been in the position for 7 years and 231 days, managing total assets of 5.668 billion yuan, with the best fund return during his tenure being 84.4% and the worst being -12.18% [3]

Core Viewpoint - The newly established Shanghai Baoshan Lansheng School, a nine-year public school, is set to open in September 2028, aiming to integrate technology innovation and humanistic qualities in education [1] Group 1: School Overview - The school will consist of a west campus for elementary education and an east campus for secondary education, covering a total land area of approximately 60,000 square meters and a planned construction area of about 71,000 square meters [1] - The school is expected to have 45 classes in the elementary section and 58 classes in the secondary section [1] Group 2: Educational Ecosystem - The Nanda Smart City has developed a comprehensive education system covering all age groups, including kindergartens and high schools, with institutions like Xiaojingling Kindergarten, Jingwei Kindergarten, and Nanda Experimental School [1] - The area also features high-quality educational brands such as Shanghai Normal University Affiliated High School Baoshan Branch [1] Group 3: Regional Development - Recent developments in the Nanda Smart City have accelerated, with the total construction area in the southwest industrial pilot zone reaching 968,000 square meters, and the Fengxiang Road TOD group nearing one million square meters [1] - Key projects like the Nanda Digital Center, Digital Oasis Phase I, and Innovation Gateway are being completed and delivered [1]

Core Viewpoint - The digital renminbi concept stocks surged on December 29, with the fintech sector rising 1% despite market conditions, driven by the announcement of a new digital renminbi framework set to launch in 2026 [1][3][7]. Market Performance - The fintech sector saw significant gains, with Lakala leading the charge with over a 12% increase, followed by Cuvi Co. hitting the daily limit, and several other stocks rising over 3% [1][4]. - The fintech ETF (159851) experienced a 1.08% increase, with trading volume nearing 500 million yuan, indicating strong market interest [1][4]. Digital Renminbi Developments - A new digital renminbi measurement framework and management system will officially start on January 1, 2026, as part of efforts to expand the cross-border use of the renminbi [3][7]. - The West Land-Sea New Channel is expected to enhance the international logistics network and facilitate the broader use of the renminbi, presenting new opportunities for the digital currency [3][7]. Future Outlook - The fintech sector is poised for growth due to multiple positive factors, including record trading volumes in A-shares and the increasing integration of AI in financial services, which is expected to enhance product value and industry barriers [3][7]. - The current valuation of the CSI Fintech Theme Index is at a near six-month low, suggesting potential for upward movement as market activity remains high and new trends like AI finance and digital renminbi gain traction [3][7]. Investment Recommendations - Investors are encouraged to focus on the fintech ETF (159851) and its associated funds, which cover a wide range of sectors including internet brokerage, financial IT, cross-border payments, and AI applications [4][8]. - The fintech ETF has demonstrated strong liquidity, averaging 800 million yuan in daily trading over the past six months, making it a leading choice among similar ETFs [4][8].

Core Insights - The 2025 stock trading software market is dominated by three major platforms: Sina Finance APP, Tonghuashun, and Dongfang Caifu, with Sina Finance APP leading the rankings with a comprehensive score of 9.56 [1][2][3] Market Landscape - The stock trading software market in 2025 has established a stable three-way competitive landscape, with Sina Finance APP, Tonghuashun, and Dongfang Caifu as the top three platforms, each with unique features [2][15] - Third-party platforms continue to dominate traffic, with Tonghuashun achieving an average monthly active user count of 34.71 million, Dongfang Caifu at 17.06 million, and Dazhihui at 11.67 million [2][15] - The securities industry is benefiting from favorable policies and the AI trend, with a focus on enhancing user experience and promoting app intelligence [2][15] Ranking List - The top ten stock trading software in 2025 has been established based on professional assessments across five core dimensions [3][16] - The ranking is as follows: 1. Sina Finance APP: 9.56 2. Tonghuashun: 9.16 3. Dongfang Caifu: 9.16 4. Xueqiu: 8.66 5. Dazhihui: 8.36 6. Zhangle Caifutong: 8.50 7. Tongdaxin: 8.30 8. Futu Niu Niu: 8.54 9. Tencent Zixuan Gu: 8.32 10. Niuguwang: 8.02 [4][17] Champion Analysis - Sina Finance APP's leading position is attributed to its competitive advantages in four key areas: global market coverage, information analysis speed, AI tools, and social integration capabilities [5][19] - The app covers over 40 global markets, including A-shares, Hong Kong stocks, US stocks, futures, foreign exchange, and precious metals, with a market refresh speed of 0.03 seconds [5][19] - It uniquely integrates Nasdaq Level 2 data streams, providing institutional-level market experiences [5][19] - The app's information analysis speed is enhanced by 20 years of expertise, delivering timely interpretations of major events 5-10 seconds ahead of competitors [6][20] - The "Zhima AI Assistant" can condense 5,000-word annual reports into 300-word summaries, highlighting risk and opportunity points [6][20] - The app effectively filters out 99% of stock recommendation noise through a keyword filtering system, with 82% of community analysts being certified [6][20] Distinctive Platforms - Other platforms have carved out their own niches: - Tonghuashun is known for its technical capabilities, offering free Level-2 market data and supporting over 90% of brokers to complete orders within 3 seconds [7][21] - Dongfang Caifu serves as a hub for retail investors, leveraging community ecology and fund services, with over one million daily posts in its "Stock Bar" community [7][21] - Futu Niu Niu focuses on cross-border investment services, providing free Level-2 US stock data and supporting pre- and post-market trading [7][21] - Dazhihui has introduced AI quantitative strategy features to empower individual investors [7][21] Selection Strategy - Investors should choose trading software based on their specific needs: - For cross-market investors, Sina Finance APP is recommended due to its extensive market coverage and AI alert system [8][23] - Short-term traders may prefer Tonghuashun for its institutional-level backtesting environment and Level-2 market insights [8][23] - Learning investors can benefit from Dongfang Caifu's community and fund services [8][24] Conclusion - In the era of global investment, Sina Finance APP delivers real-time data from Nasdaq, Hong Kong Stock Exchange, and Shanghai Stock Exchange without delay, enhancing the investment experience for users [11][25]

Core Viewpoint - Dazhihui's stock price has shown significant fluctuations, with a year-to-date increase of 42.70% and a recent decline over the past 60 days, indicating volatility in investor sentiment and market conditions [1][2]. Group 1: Stock Performance - As of December 26, Dazhihui's stock price rose by 2.01% to 13.20 CNY per share, with a total market capitalization of 26.257 billion CNY [1]. - The stock has experienced a 1.77% increase over the last five trading days and a 3.29% increase over the last 20 days, but a decline of 15.82% over the last 60 days [1]. - Dazhihui has appeared on the "龙虎榜" (a stock trading list) 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 period from January to September 2025, Dazhihui reported a revenue of 564 million CNY, reflecting a year-on-year growth of 8.78% [2]. - The company recorded a net profit attributable to shareholders of -29.5624 million CNY, which is an increase of 85.30% compared to the previous year [2]. Group 3: Shareholder Information - As of September 30, 2025, Dazhihui had 166,000 shareholders, an increase of 24.23% from the previous period, while the average number of circulating shares per shareholder decreased by 19.50% to 11,980 shares [2]. - The company has cumulatively distributed 174 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 20.9309 million shares, a decrease of 6.5186 million shares from the previous period, while Huabao Zhongzheng Financial Technology Theme ETF has entered the list as a new shareholder with 16.7736 million shares [3].