Core Viewpoint - Conflux is a high-performance public blockchain system developed in China, positioned in the top tier of international competition, with the upcoming launch of Conflux 3.0 expected to enhance transaction processing capacity to 15,000 TPS and natively support AI agents on-chain [3][4]. Group 1: Technology and Infrastructure - Conflux 3.0 will significantly improve transaction processing capabilities to 15,000 TPS, enhancing its competitiveness in the blockchain space [3][4]. - The BSIM card technology, developed in collaboration with China Telecom and Conflux, addresses digital identity authentication and user private key management through physical-level security [5][7]. - The BSIM card is based on the new Henghui eSIM physical architecture, which upgrades storage and encryption modules while reusing the existing SM-DP+ system for blockchain configuration [7]. Group 2: Digital Assets and Applications - The subsidiary Star Map Bit has partnered with Conflux to monopolize cultural relics NFT certification, leveraging policy support and scarce IP resources to become a core player in Shanghai's metaverse sector [8]. - The financial application of Conflux includes the issuance of AXCNH offshore RMB stablecoin, with ongoing efforts to secure a license in Hong Kong, benefiting from Shanghai's state-owned background and policy advantages [9][10].

上海风语筑文化科技股份有限公司 简式权益变动报告书 上市公司名称：上海风语筑文化科技股份有限公司 股票上市地点：上海证券交易所 股票名称：风语筑 股票代码：603466 信息披露义务人一：李晖 住所/通讯地址：上海市徐汇区乌鲁木齐中路××号××室 信息披露义务人二：辛浩鹰 住所/通讯地址：上海市徐汇区乌鲁木齐中路××号××室 信息披露义务人三：上海励构投资合伙企业（有限合伙） 住所/通讯地址：上海市静安区江场三路 76、78 号 1013 室 股票变动性质：股份减少 签署日期：2025 年 7 月 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司收购管理办法》（以下简称"《收购办法》"）、《公开发行证券的公司信 息披露内容与格式准则第 15 号——权益变动报告书》（以下简称"《准则 15 号》"） 及相关的法律、法规编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准。 三、依据《证券法》《收购办法》《准则 15 号》的规定，本报告书已全面披 露了信息披露义务人在上海风语筑文化科技股份有限公司中拥有权益的股份变 动情况；截至本报告书签署 ...

| 证券代码：603466 | 证券简称：风语筑 | 公告编号：2025-039 | | --- | --- | --- | | 债券代码：113643 | 债券简称：风语转债 | | 上海风语筑文化科技股份有限公司 关于控股股东及其一致行动人权益变动触及 1%、5%刻 度暨披露简式权益变动报告书的提示性公告 控股股东李晖、辛浩鹰及其一致行动人上海励构投资合伙企业（有限 合伙）保证向本公司提供的信息真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息 一致。 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | 控股股东/实际控制人及其一致行动人 □其他 5%以上大股东及其一致行动人 | | --- | --- | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他 | 重要内容提示： 权益变动方向 比例增加□ 比例减少 权益变动前合计比例 46.22% 权益变动后合计比例 45.00% 本次变动是否违反已作出的承诺、意向、计划 是□ 否 是 ...

Summary of Key Points Core Viewpoint - Windy City has seen significant trading activity on July 21, with a total of 11 transactions amounting to 6.5647 million shares and a total transaction value of 61.3143 million yuan, indicating strong institutional interest in the stock [2]. Trading Activity - The average transaction price was 9.34 yuan, representing a discount of 10.96% compared to the closing price of the day [2]. - Institutional specialized seats participated in 8 of the transactions, with a total transaction value of 55.2433 million yuan, indicating a net buying position of the same amount [2]. - Over the past three months, Windy City has recorded a total of 29 block trades, with a cumulative transaction value of 110 million yuan [2]. Stock Performance - The closing price of Windy City on the day was 10.49 yuan, reflecting an increase of 3.86%, with a daily turnover rate of 8.27% and a total transaction value of 528 million yuan [2]. - The net inflow of main funds for the day was 1.2509 million yuan, and over the past five days, the stock has increased by 3.55% with a total net inflow of 1.3112 million yuan [2]. Margin Trading Data - The latest margin financing balance for Windy City is 268 million yuan, which has decreased by 11.4915 million yuan over the past five days, representing a decline of 4.12% [2].

Summary of Key Points Core Viewpoint - The A-share market experienced significant block trading activity on July 21, with a total transaction volume of 1.717 billion yuan across 75 stocks, indicating notable investor interest in specific companies [1]. Group 1: Trading Activity - A total of 75 stocks had block trades, with a total transaction value of 1.717 billion yuan [1]. - The top three stocks by transaction value were SAIC Motor Group (1.57 billion yuan), Tianwei Food (1.55 billion yuan), and Sifang Co., Ltd. (1.07 billion yuan) [1]. Group 2: Pricing Trends - Among the stocks traded, 10 stocks were sold at par value, 5 at a premium, and 60 at a discount [1]. - The stocks with the highest premium rates were Jiangsu Shentong (2.64%), Jindi Group (1.83%), and Minsheng Bank (1.11%) [1]. - The stocks with the highest discount rates were Langke Intelligent (27.09%), Energy Iron Han (25.78%), and Betta Pharmaceuticals (22.86%) [1]. Group 3: Institutional Trading - The top stocks by institutional buying were SAIC Motor Group (1.57 billion yuan), XCMG Machinery (1.04 billion yuan), and Milky Way (77.6 million yuan) [2]. - The top stocks by institutional selling included North Copper Industry (30.9 million yuan), Jindi Group (15.9 million yuan), and New Strong Link (3.5 million yuan) [2].

Core Viewpoint - The announcement details a change in the equity stake of the controlling shareholders of Shanghai Fengyuzhu Cultural Technology Co., Ltd., indicating a reduction in their combined shareholding from 47.20% to 46.22% due to a recent share reduction transaction [1][2]. Group 1: Shareholder Information - The controlling shareholders, Li Hui and Xin Haoying, along with their concerted action party, Shanghai Ligou Investment Partnership (Limited Partnership), have confirmed the accuracy and completeness of the information provided [1]. - The equity change was executed through block trading, where Li Hui reduced his holdings by 5,331,000 shares and Shanghai Ligou Investment Partnership reduced by 550,200 shares [1][2]. Group 2: Equity Change Details - The total shareholding before the change was 28,077,491.9 shares, representing 47.20%, which decreased to 27,489,371.9 shares, or 46.22%, after the transaction [2]. - The reduction in shareholding has not triggered any mandatory tender offer obligations and is consistent with previously disclosed plans and commitments by the shareholders [1][2]. Group 3: Regulatory Compliance - The company has adhered to relevant regulations regarding shareholder share reductions, including the Shanghai Stock Exchange's rules and guidelines [2]. - The ongoing share reduction plan has not been fully executed as of the announcement date, and it is stated that this change will not significantly impact the company's governance structure or ongoing operations [2].

| 证券代码：603466 | 证券简称：风语筑 | 公告编号：2025-038 | | --- | --- | --- | | 债券代码：113643 | 债券简称：风语转债 | | 上海风语筑文化科技股份有限公司 关于控股股东及其一致行动人权益变动触及 1%刻度 的提示性公告 控股股东李晖、辛浩鹰及其一致行动人上海励构投资合伙企业（有限 合伙）保证向本公司提供的信息真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息 一致。 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | 控股股东/实际控制人及其一致行动人 | | --- | --- | | | □其他 5%以上大股东及其一致行动人 | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他 | 重要内容提示： 权益变动方向 比例增加□ 比例减少 权益变动前合计比例 47.20% 权益变动后合计比例 46.22% 本次变动是否违反已作出的承诺、意向、计划 是□ 否 是否触发强制要约收购 ...

Group 1 - The company expects to achieve a net profit attributable to shareholders of the parent company between 12 million and 18 million yuan for the first half of 2025, marking a turnaround from a loss in the previous year [1][2] - The net profit for the same period last year was approximately -108.13 million yuan, with an earnings per share of -0.23 yuan [1] - The main reasons for the profit increase include active expansion in urban renewal and new cultural tourism business areas, although the implementation cycle of project orders remains relatively long due to macroeconomic fluctuations [1][2] Group 2 - The company plans to enhance operational efficiency by continuing cost reduction and efficiency improvement efforts, as well as optimizing internal control and management mechanisms [2] - The company aims to strengthen its accounts receivable management system, focusing on high-risk receivables and long-aged accounts to improve turnover efficiency and overall profitability [2]

[Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%20%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company anticipates a turnaround to profitability in H1 2025, with net profit attributable to shareholders projected between RMB 12 million and RMB 18 million, compared to a prior-year loss H1 2025 Performance Forecast vs. Prior Year | Indicator | H1 2025 (Estimated) | H1 2024 (Actual) | | :--- | :--- | :--- | | **Net Profit Attributable to Parent Company Shareholders** | RMB 12 million to RMB 18 million | -RMB 134.30 million | | **Net Profit Attributable to Parent Company Shareholders (Excluding Non-Recurring Items)** | RMB 4 million to RMB 6 million | -RMB 108.13 million | | **Earnings Per Share** | N/A | -RMB 0.23 | - The financial data in this performance forecast is a preliminary estimate by the company's finance department and has not been audited by a certified public accountant[4](index=4&type=chunk) - The statistical period for this performance forecast is from January 1, 2025, to June 30, 2025[4](index=4&type=chunk) [Analysis of Performance Changes and Outlook](index=2&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8C%96%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) The turnaround to profitability is primarily driven by expansion in urban renewal and new cultural tourism businesses, though macroeconomic factors and rigid fixed costs have constrained growth and gross margin, prompting future focus on cost reduction and accounts receivable management - Positive drivers include the company's active expansion into urban renewal and new cultural tourism businesses, leading to year-over-year growth in operating revenue and net profit[7](index=7&type=chunk) - Negative factors include prolonged project delivery cycles due to macroeconomic and external environmental impacts, coupled with rigid fixed costs like employee salaries, resulting in a relatively low comprehensive gross margin[7](index=7&type=chunk) - Future initiatives include continuous efforts to reduce costs and enhance efficiency, optimize internal management, and leverage policy opportunities to strengthen collection management for high-risk and long-aging accounts receivable, aiming to improve operational efficiency and profitability[7](index=7&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company emphasizes this performance forecast is a preliminary, unaudited estimate, though pre-communication with auditors confirms no material uncertainties affecting its accuracy - This performance forecast is a preliminary calculation by the company's finance department based on its professional judgment and has not yet been audited by a certified public accountant[8](index=8&type=chunk) - The company has pre-communicated with its annual audit firm regarding this performance forecast, confirming no material uncertainties affecting its accuracy[8](index=8&type=chunk) [Other Notes](index=2&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E%E4%BA%8B%E9%A1%B9) The company advises investors that final accurate performance data will be disclosed in the 2025 semi-annual report, urging cautious decision-making and awareness of investment risks - The final detailed performance data will be subject to the company's officially disclosed 2025 semi-annual report[9](index=9&type=chunk)

Core Viewpoint - The article highlights the innovative approach of the company Fengyuzhu in merging technology, culture, and commerce through its latest project, the "In Water One Side" Sci-Fi Museum, which is centered around the popular Chinese sci-fi IP "The Three-Body Problem" [2][3][4]. Group 1: Project Overview - The "In Water One Side" Sci-Fi Museum is a flagship project under Fengyuzhu's strategy of integrating technology with cultural and commercial elements [2][3]. - The museum features an immersive experience where visitors engage in interactive games to learn about the "Three-Body" universe, utilizing advanced technologies such as AR, XR, and AIGC [3][4]. - The venue is designed to be more than a traditional exhibition space; it aims to create a comprehensive cultural tourism destination that includes various interactive and commercial spaces [4]. Group 2: Company Philosophy and Culture - The founder and chairman, Li Hui, emphasizes a "fun" philosophy that permeates the company's culture and product logic, aiming to create enjoyable experiences for both employees and audiences [2][6]. - Fengyuzhu's transformation from a traditional architectural model company to a leader in the new cultural tourism sector reflects its commitment to innovative experiences and technology integration [6][7]. Group 3: Future Directions and Innovations - The company is focusing on "dislocated competition" to maintain its competitive edge, avoiding homogenization in the market [8]. - Fengyuzhu has established a research institute for embodied intelligence to enhance its digital operations and integrate AI technologies into cultural experiences [8]. - The company plans to leverage robotics in future projects, potentially replacing NPCs in performances and enhancing visitor engagement through immersive storytelling [8].