Beijing Cuiwei Building Co., Ltd. 2025 Semi-Annual Performance Pre-Loss Announcement [Current Period Performance Forecast](index=1&type=section&id=一%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%B0%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company anticipates a net loss for the first half of 2025, with the loss narrowing compared to the prior year, and this performance forecast remains unaudited - The performance forecast covers the period from **January 1, 2025, to June 30, 2025**[4](index=4&type=chunk) 2025 Semi-Annual Performance Forecast | Metric | Estimated Amount (RMB) | Year-over-Year Change | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | -220 million to -190 million | Loss reduction of 18 million to 48 million | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | -220 million to -190 million | Loss reduction of 19 million to 49 million | - The company explicitly states that this performance forecast has not been audited by a certified public accountant[4](index=4&type=chunk) [Prior Period Performance Review](index=1&type=section&id=二%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E4%B8%B0%E7%BB%A9%E6%83%85%E5%86%B5) This report provides the first half of 2024 performance as a comparative baseline, detailing the net loss attributable to shareholders and diluted earnings per share 2024 Semi-Annual Performance Data | Metric | Amount (RMB) | | :--- | :--- | | Total Profit | -238 million | | Net Profit Attributable to Shareholders | -238 million | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | -239 million | | Earnings Per Share | -0.298 | [Analysis of Performance Pre-Loss Reasons](index=1&type=section&id=三%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%B0%E7%BB%A9%E9%A2%84%E4%BA%8F%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) The current period's performance loss primarily stems from challenges in two core business segments: high fixed costs in the payment business of a controlled subsidiary and declining sales revenue and gross profit in the retail business due to market weakness and store adjustments - The acquiring business of controlled subsidiary Beijing Haikerongtong Payment Services Co., Ltd. incurred operating losses due to high fixed costs, despite its revenue remaining largely consistent with the prior period[7](index=7&type=chunk) - The retail business experienced declining sales revenue and a **12.77% year-over-year decrease** in comprehensive gross profit due to market conditions and store adjustments, resulting in operating losses[7](index=7&type=chunk) [Risk Warning and Other Notes](index=2&type=section&id=四%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company emphasizes that this performance forecast is based on preliminary calculations and is unaudited, advising investors to refer to the officially disclosed 2025 semi-annual report for final financial data and to be aware of investment risks - The company states that this forecast has not been audited by a certified public accountant and no significant uncertainties affecting its accuracy have been identified[8](index=8&type=chunk) - Investors are reminded that the final financial data will be based on the officially released 2025 semi-annual report, and they should be mindful of associated investment risks[9](index=9&type=chunk)

Core Viewpoint - The company expects to report a net loss attributable to shareholders of between -220 million to -190 million yuan for the first half of 2025, indicating a reduction in losses compared to the same period last year [1] Financial Performance - The projected net profit attributable to shareholders for the first half of 2025 is estimated to be between -220 million to -190 million yuan, which represents a decrease in losses of 18 million to 48 million yuan compared to the previous year [1] - The expected net profit after deducting non-recurring gains and losses is also projected to be between -220 million to -190 million yuan, with a reduction in losses of 19 million to 49 million yuan year-on-year [1]

Group 1 - The digital currency sector experienced a decline of 1.11%, ranking among the top declines in concept sectors, with companies like Zhongyi Technology, Sifang Jingchuang, and Jinyi Culture showing significant drops [1] - Among the digital currency concept stocks, 32 stocks saw price increases, with Zhongke Jincai, Zhongyou Capital, and Cuiwei Co., Ltd. leading the gains at 10.00%, 6.15%, and 4.26% respectively [1][4] - The digital currency concept sector faced a net outflow of 2.221 billion yuan, with 69 stocks experiencing net outflows, and 12 stocks seeing outflows exceeding 100 million yuan [2] Group 2 - The top stocks with net outflows in the digital currency sector included Sifang Jingchuang with a net outflow of 573 million yuan, followed by Jinyi Culture, Jingbeifang, and Xinguodu with outflows of 367 million yuan, 344 million yuan, and 262 million yuan respectively [2][3] - Conversely, the stocks with the highest net inflows included Zhongyou Capital, Zhongke Jincai, and Shenzhou Information, attracting net inflows of 859 million yuan, 676 million yuan, and 139 million yuan respectively [2][4] - The digital currency concept sector's performance was contrasted with other sectors, such as Silicon Energy, which rose by 3.39%, and Trust Concept, which increased by 2.07% [2]

Group 1 - The financial technology sector is showing strong performance, with notable stocks such as Zhongke Jincai hitting the daily limit, and Cuiwei Co. and Shenzhou Information rising by 6.32% and 5.58% respectively [1] - The largest and most liquid financial technology ETF (159851) experienced a price increase of over 1% in the afternoon session, with a trading volume exceeding 600 million yuan, indicating sustained premium trading [1] - As of July 8, the financial technology ETF (159851) has a total size exceeding 6.6 billion yuan, with an average daily trading volume of over 500 million yuan in the past six months, highlighting its scale and liquidity advantages [3] Group 2 - The financial technology sector is expected to remain a key growth area in July, with a focus on technology innovation, particularly in financial technology [1] - The ETF and its linked funds (A class 013477, C class 013478) cover a wide range of themes including internet brokerage, financial IT, cross-border payments, AI applications, and Huawei's HarmonyOS [3] - The market is increasingly focused on the Q2 earnings of listed companies, with the internet finance sector showing potential for performance release in a bull market, alongside the themes of stablecoins and RWA [5]

Group 1 - The core activity of the event was to promote technological innovation and engage the public, especially youth, in understanding advancements in space technology through immersive experiences [4][5] - The event featured a special lecture by Zhao Chuan Dong, one of China's first astronauts, who shared insights on the development of China's space program and the essence of the "space spirit" [3][4] - Participants had the opportunity to visit a rocket assembly and testing facility, gaining firsthand experience of high-tech equipment and the rigorous processes involved in space technology [3][4] Group 2 - The event was organized by Cuiwei Co., which aims to enhance public awareness of technological innovation and fulfill its corporate social responsibility [4][5] - The recruitment for the event was conducted through Cuiwei's membership app, indicating strong public interest in technology-related activities [5] - Cuiwei plans to continue its "commercial platform + technological innovation" service model, with future activities aimed at broadening the public's understanding of national technological achievements [5]

Core Viewpoint - The news highlights the active performance of stocks related to stablecoins in Hong Kong and A-shares, driven by the recent legislative developments regarding stablecoins in Hong Kong and the growing global interest in the stablecoin market [1][4][5]. Group 1: Stock Performance - Stocks related to stablecoins have shown significant gains, with notable performers including Zhongyi Technology, which reached a 20% increase, and Huafeng Super Fiber, which rose over 13% [1][2]. - Other companies such as Jingbeifang, Qingdao King, and Xinyada also hit their daily limit up, indicating strong market sentiment [1][2]. Group 2: Legislative Developments - Hong Kong's Legislative Council passed the Stablecoin Ordinance, which will take effect in August, igniting market enthusiasm for stablecoins [4]. - The Financial Secretary of Hong Kong announced that the Monetary Authority is consulting the market on the implementation guidelines, which will include anti-money laundering requirements [4]. Group 3: Market Predictions - Standard Chartered predicts that the market size for stablecoins could reach $2 trillion by 2028, while Bernstein forecasts a supply increase to approximately $4 trillion over the next decade [6][7]. - However, JPMorgan expresses skepticism about the mainstream adoption of stablecoins, projecting a market value growth to only $500 billion by 2028 [8][9]. Group 4: Investment Opportunities - Investment focus should be on issuers, cross-border payment providers, and financial IT service companies, with a particular emphasis on those that can obtain licenses for stablecoin issuance [10][11]. - The stablecoin industry is still in its early stages, and companies with expertise in traditional banking IT and those involved in the digital RMB system are well-positioned to leverage this transition [12]. Group 5: Related Companies - Key players in the stablecoin ecosystem include issuers like Circle and Tether, as well as technology service providers such as Lakala and Xinguang [13].

Summary of Key Points Core Viewpoint - The company, Beijing Cuiwei Building Co., Ltd., has announced the provision of guarantees for its subsidiary, Beijing Haike Rongtong Payment Service Co., Ltd., totaling 310 million yuan, which is part of a broader guarantee amounting to 360 million yuan [1][7]. Group 1: Guarantee Details - The company has signed guarantee contracts with two banks: Beijing Bank for 160 million yuan and Xiamen International Bank for 150 million yuan, both with a guarantee period of three years [2][6]. - The guarantees are intended to support the financing needs of the subsidiary and facilitate its daily operations, with the company maintaining control over the subsidiary [6][7]. Group 2: Financial Metrics - As of the announcement date, the total amount of guarantees provided by the company to its subsidiaries is 360 million yuan, which represents 16.83% of the company's most recent audited net assets [7]. - The subsidiary, Haike Rongtong, has total assets of approximately 1.28 billion yuan and total liabilities of about 1.10 billion yuan, indicating a significant leverage position [4][6]. Group 3: Internal Decision-Making - The board of directors approved the guarantee arrangements during meetings held on April 28, 2025, and May 21, 2025, confirming the necessity and reasonableness of the guarantees for the subsidiary's operations [2][6].

| | | | 公告编号：2025-023 | | --- | --- | --- | --- | | | | 01 | | | 证券代码：603123 债券代码：188895 | | | | | | 证券简称：翠微股份 债券简称：21 | 翠微 | | 关于为控股子公司提供担保的进展公告 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： 北京翠微大厦股份有限公司 担保对象及基本情况 | 被担保人名称 | 北京海科融通支付服务有限公司 （以下简称"海科融通"） | | | --- | --- | --- | | 本次担保金额 | 万元 31,000 | | | 担保对象 实际为其提供的担保余额 | 36,000 万元 | | | 是否在前期预计额度内 | 是 □否 | □不适用：_________ | | 本次担保是否有反担保 | □是 否 | □不适用：_________ | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股子公 司对 ...

Market Overview - The three major A-share indices collectively declined in the morning session, with the Shanghai Composite Index down 0.04%, the Shenzhen Component Index down 0.42%, and the ChiNext Index down 0.84% [1] - The total market turnover for the half-day was 867.4 billion yuan, a decrease of 113.8 billion yuan compared to the previous day, with over 3,200 stocks declining [1] Sector Performance - The marine engineering, aquaculture, photovoltaic, and non-ferrous metal sectors showed the highest gains, while computing hardware, semiconductors, brain-computer interfaces, and diversified finance sectors experienced the largest declines [2] - The marine engineering sector saw a collective surge, with stocks like Deepwater Haina (300961), Dalian Heavy Industry (002204), and Shenkai Co. (002278) hitting the daily limit [2] - Photovoltaic concept stocks also rallied, with Yijing Optoelectronics (600537), Oujing Technology (001269), and Yamaton (002623) reaching the daily limit [2] - The banking sector remained active, with China Construction Bank and Shanghai Pudong Development Bank reaching new highs [2] - The non-ferrous metal sector was also active, with Jingyi Co. (002295) hitting the daily limit and Zijin Mining reaching a new high [2] - In contrast, computing hardware and semiconductor stocks collectively declined, with stocks like Blue Arrow Electronics (301348), Taiji Co. (300046), and Kexiang Co. (300903) leading the losses [2] - The diversified finance and digital currency sectors showed weakness, with Aijian Group (600643) hitting the daily limit down, and other stocks like Hongye Futures (001236), Cuiwei Co. (603123), and Lakala (300773) also declining [2] Notable Stocks - The strongest stocks included Chengbang Co. (603316) with five consecutive limits, and several stocks with three consecutive limits such as Kai Mei Teqi (002549) and Xuedilong (002658) [3][4] Hot Sectors - The marine engineering sector was the top performer with 11 stocks hitting the daily limit, while the nuclear power sector had 10 stocks hitting the daily limit [5][6] - The Belt and Road sector also had 10 stocks hitting the daily limit, with notable stocks including Kangda New Materials (002669) and Hailide (002206) [7] Sector Insights - The marine engineering sector is expected to benefit from the emphasis on high-quality development of the marine economy as highlighted in the Central Financial Committee's sixth meeting [10] - In the photovoltaic sector, a collective production cut of 30% by major glass manufacturers is anticipated to address supply-demand imbalances, with July's glass supply expected to decrease to 45GW [11] - The non-ferrous metal sector is influenced by renewed discussions on copper tariffs and low LME inventories, with expectations of copper prices remaining strong in the second half of the year [12]

Group 1 - The core viewpoint of the article highlights a significant decline in diversified financial and digital currency concept stocks, with multiple companies experiencing substantial drops in their stock prices [1] - Aijian Group (600643) saw its stock price hit the limit down, indicating a severe market reaction [1] - Other companies such as Chutianlong (003040), Hongye Futures (001236), Annie Co. (002235), Cuiwei Co. (603123), and Guosheng Jinkong (002670) also experienced declines exceeding 5% [1]