证券代码：603918 证券简称：金桥信息 公告编号：2025-060 上海金桥信息股份有限公司 2025年第三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 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 588 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 112,589,777 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 30.8126 | | 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。 本次会议的召开、表决方式符合《公司法》、《上海证券交易所股票上市规则》、 《公司章程》等有关法律、法规的规定。会议由公司董事会召集，会议主持人为 公司董事长金史平先生。 (一)股东大会召开的时间：2025 年 08 月 11 日 (二)股东大会召开的地点：上海市徐汇 ...

Group 1 - The stock price of Jinqiao Information is reported at 20.02 yuan, down 1.29 yuan from the previous trading day [1] - The opening price was 21.19 yuan, with a high of 21.23 yuan and a low of 19.94 yuan [1] - The trading volume was 339,308 hands, with a transaction amount of 690 million yuan [1] Group 2 - Jinqiao Information operates in the internet services industry, located in Shanghai, with business areas including IoT and online education [1] - The total market capitalization of the company is 7.338 billion yuan, and the circulating market capitalization is 7.332 billion yuan [1] Group 3 - The 5-day moving average is 21.27 yuan, while the 10-day moving average is 21.35 yuan, indicating a distance of -0.37% [1] - The latest stock price shows a deviation rate of -6.23% from the 10-day moving average [1] Group 4 - On August 8, the net outflow of main funds was 98.4997 million yuan, accounting for 1.34% of the circulating market capitalization [1] - Over the past five days, the cumulative net outflow of main funds reached 166.8309 million yuan, representing 2.28% of the circulating market capitalization [1]

Group 1 - The cloud office concept declined by 2.82%, ranking among the top declines in the concept sector, with major declines seen in Wanxing Technology, Guangyun Technology, and Kingsoft Office [1] - The top gainers in the cloud office sector included Tianyuan Dike, Fengzhushou, and Erlingsan, with increases of 1.49%, 0.67%, and 0.66% respectively [1] - The cloud office sector experienced a net outflow of 1.878 billion yuan, with 43 stocks seeing net outflows, and 9 stocks with outflows exceeding 50 million yuan [1] Group 2 - The stock with the highest net outflow was Sanliu Ling, with a net outflow of 406 million yuan, followed by Wanxing Technology and Kingsoft Office with net outflows of 370 million yuan and 133 million yuan respectively [1] - The stocks with the highest net inflows included Tianyuan Dike, Erlingsan, and Qilin Xinan, with net inflows of 52.89 million yuan, 24.13 million yuan, and 7.38 million yuan respectively [1][2] - The overall performance of the cloud office sector reflects a challenging market environment, with significant capital outflows impacting major players [1][2]

Investment Rating - The report maintains a "Recommended" rating for the AI sector, indicating a positive outlook for the industry based on current developments and market conditions [2][32]. Core Insights - The AI industry is experiencing significant support from both central and local government policies, which aim to enhance the integration of AI technologies across various sectors such as manufacturing, services, healthcare, and education [8][9]. - ByteDance has launched the "Seed Diffusion Preview," an experimental language model that significantly improves code generation speed and accuracy, achieving a performance increase of 5.4 times compared to traditional models [13][14]. - Major tech companies like Microsoft and Meta have reported strong financial results, driven by their AI and cloud computing segments, with Microsoft achieving a quarterly revenue of $764.4 billion and Meta's ad revenue growing by 21% [18][21]. Summary by Sections 1. Artificial Intelligence - Central and local governments have introduced policies to support AI development, including the "Artificial Intelligence+" action plan, which emphasizes leveraging China's comprehensive industrial system and large market scale [8]. - Shanghai has implemented measures to expand AI applications, including the issuance of 1 billion yuan in AI vouchers to support various AI-related initiatives [9][10]. - ByteDance's "Seed Diffusion Preview" model focuses on code generation, achieving a speed of 2146 tokens per second, which is a significant advancement in the field [13][14]. 2. Market Performance Review - The computer sector saw a slight decline of 0.20% in the last week of July 2025, with notable stock performances from companies like Chuangzhong Technology and Zhuoyi Information, which increased by over 20% [26]. - Microsoft and Meta's financial results highlight the robust growth in their AI and cloud services, with Microsoft reporting a 34% increase in Azure revenue and Meta's ad revenue growing significantly [18][21].

上海金桥信息股份有限公司 （603918） 2025 年第三次临时股东大会会议资料 二〇二五年八月 金桥信息 2025 年第三次临时股东大会会议资料 目录 | 股东大会会议须知 2 | | --- | | 年第三次临时股东大会表决办法 4 2025 | | 年第三次临时股东大会会议议程 6 2025 | | 议案一 关于公司符合向特定对象发行股票条件的议案 8 | | 议案二 关于公司 2025 年度向特定对象发行股票方案的议案 9 | | 议案三 关于公司 2025 年度向特定对象发行股票预案的议案 ... 12 | | 议案四 关于公司 2025 年度向特定对象发行股票发行方案的论证分 | | 析报告的议案 13 | | 议案五 关于公司 2025 年度向特定对象发行股票募集资金使用可行 | | 性分析报告的议案 14 | | 议案六 关于公司向特定对象发行股票摊薄即期回报、填补即期回报 | | 措施及相关主体承诺事项的议案 15 | | 议案七 关于公司前次募集资金使用情况的专项报告的议案 16 | | 议案八 关于公司未来三年（2025 年-2027 年）股东回报规划的议案 | | 17 | | 议案 ...

Investment Rating - The report maintains a "Recommended" rating for the company [5] Core Viewpoints - The company plans to raise 633 million yuan through a private placement to invest in smart space solutions and AI applications, aiming for a comprehensive upgrade of its management systems [1] - The company has established a closed-loop product and business model in the AI+Judiciary sector, with significant growth in mediation-related revenue, which is expected to exceed 45 million yuan in 2024, a year-on-year increase of 221% [2] - The company has launched two major AI+Judiciary products, marking a new stage in the deep application of AI technology in judicial scenarios [2] - The company forecasts a narrowing of losses in the first half of 2025, with expected net profit ranging from -49.5 million to -33.3 million yuan, compared to -53.7 million yuan in the same period last year [3] - The company projects net profits of 38 million, 105 million, and 190 million yuan for 2025, 2026, and 2027 respectively, with significant year-on-year growth rates [3] Financial Projections - The company expects total revenue to grow from 699 million yuan in 2024 to 1.453 billion yuan in 2027, with a compound annual growth rate of approximately 25.6% [4] - The projected net profit for 2025 is 38 million yuan, with a significant increase in profitability expected in subsequent years [4] - The price-to-earnings (PE) ratio is projected to decrease from 207 in 2025 to 42 in 2027, indicating improving valuation metrics as profitability increases [4]

Core Viewpoint - The company, Jinqiao Information, plans to issue A-shares to specific investors, aiming to raise up to 633.38 million RMB for various projects, including AI development and core solution upgrades [1][2]. Group 1: Stock Issuance Details - The stock issuance will target no more than 35 specific investors, including qualified institutional investors and individuals [1]. - The issuance price will be set at no less than 80% of the average trading price over the previous 20 trading days [1]. - The total number of shares to be issued will not exceed 20% of the company's total shares prior to the issuance, amounting to a maximum of 73,080,365 shares [2]. Group 2: Fund Utilization - The total amount raised will not exceed 633.38 million RMB, which will be allocated to three main projects: 1. Smart Space Core Solution Upgrade Project: 35,113.26 million RMB 2. AI Development Project for Industry Applications: 22,497.88 million RMB 3. Working Capital Supplement: 12,000.00 million RMB [2][4]. Group 3: Shareholder Impact - The controlling shareholder, Jin Guopei, currently holds 18.24% of the shares, which will decrease to a minimum of 15.20% post-issuance, but will not change the control of the company [5]. - Measures will be taken to ensure the stability of control, including potential limits on the number of shares that a single investor can subscribe to [5]. Group 4: Financial Performance - For the first half of 2025, the company anticipates a net loss of between 49.5 million RMB and 33.3 million RMB [7]. - In 2024, the company reported a revenue of 699.20 million RMB, a decrease of 24.98% year-on-year, and a net loss attributable to shareholders of 60.83 million RMB, a decline of 337.45% [8][10].

Group 1 - The China Capital Market Society was established on July 26, 2025, in Shanghai, with Wu Qing elected as the first president [1] - The society has set up seven professional committees focusing on various aspects such as macro and industrial development, market stability, innovation, and investor protection [1] Group 2 - The 2025 World Artificial Intelligence Conference (WAIC) opened in Shanghai on July 26, attracting over 800 domestic and international companies and showcasing more than 3,000 smart technology exhibits [4] - Notably, over 150 humanoid robots were presented, marking the largest display of humanoid robots in China to date [4] - Major tech companies like Tencent, NetEase, and JD.com unveiled significant AI advancements, including Tencent's global launch of the open-source "Hunyuan 3D World Model" [4] Group 3 - The Henan Provincial Department of Industry and Information Technology announced a notification for recommending enterprises to enter the "Specialized, Refined, Characteristic, and Innovative" board, which will provide various support services [6] Group 4 - The U.S. and EU reached a new trade agreement, with the EU committing to increase investments in the U.S. by $600 billion and purchasing $750 billion worth of U.S. energy products [8] - The agreement maintains existing tariffs on steel and aluminum, with a focus on energy and automotive sectors [8] Group 5 - The U.S. Secretary of Commerce announced that the deadline for imposing additional tariffs on August 1 will not be extended, emphasizing the need for a favorable agreement with the EU [10] Group 6 - The State Council of China announced plans to gradually implement free preschool education, highlighting its importance for long-term development and the need for local governments to detail funding and support measures [12] Group 7 - The National Bureau of Statistics reported a 1.8% decline in profits for large-scale industrial enterprises in the first half of 2025, with state-owned enterprises seeing a 7.6% drop [16] - In contrast, foreign and Hong Kong-Macau investment enterprises experienced a 2.5% profit increase [16] Group 8 - The National Development and Reform Commission allocated 69 billion yuan for the third batch of special bonds to support the consumption of old goods [17] Group 9 - The Chinese government proposed the establishment of a World Artificial Intelligence Cooperation Organization to promote global governance and bridge the digital divide [19] Group 10 - The Ministry of Agriculture and Rural Affairs and nine other departments issued a plan to promote agricultural product consumption, encouraging collaboration between food companies and research institutions [20][21] Group 11 - The China Pesticide Industry Association launched a three-year action plan to improve market order and combat low-price competition in the pesticide industry [23] Group 12 - Shouchuang Securities announced plans to list on the Hong Kong Stock Exchange to enhance capital strength and international influence [25] - Linglong Tire submitted its H-share issuance application to the Hong Kong Stock Exchange [27] Group 13 - Shanghai Jinqiao Information Co., Ltd. plans to raise 633 million yuan through a private placement to fund AI research and upgrade core solutions [29] Group 14 - *ST Suwu faces potential delisting due to alleged information disclosure violations, with the company under investigation by the China Securities Regulatory Commission [31] - *ST Wanfang and Taiyuan Heavy Industry also received notices of investigation for similar violations [32][33] Group 15 - Zijin Mining's vice president plans to reduce holdings by up to 250,300 shares to fund the company's employee stock ownership plan [37] - ST Luton and Ruixin Technology announced plans for share reductions by specific shareholders [37] Group 16 - Rebekah reported a 15.31% increase in net profit for the first half of 2025, with total revenue reaching 598 million yuan [38] - Laopu Gold expects a net profit increase of 279% to 288% for the same period, with sales projected between 138 billion yuan and 143 billion yuan [39] - Tongzhou Electronics turned a profit with a 662% increase in net profit, achieving revenue of 540 million yuan [40]

Market Trends - The market has recently exhibited typical "water buffalo" characteristics, and whether this current trend can evolve into a longer-lasting bull market will depend on future fundamental developments [1][20]. Economic Indicators - The Dow Jones Industrial Average rose by 0.47%, the Nasdaq increased by 0.24%, and the S&P 500 gained 0.40%, with both the S&P 500 and Nasdaq reaching record closing highs [3]. - The Nasdaq China Golden Dragon Index fell by 0.89%, with most popular Chinese concept stocks declining [4]. Government Policies - The State Council approved measures for gradually implementing free preschool education, emphasizing the importance of this initiative for long-term development and its impact on families [5]. - The China Securities Regulatory Commission (CSRC) highlighted the need for a stable capital market amidst complex internal and external environments, focusing on market stability, strict regulation, and enhancing market functions [6]. Corporate Developments - China National Duty-Free Corporation reported a net profit of 2.6 billion yuan for the first half of 2025, a decrease of 20.81% year-on-year, with total operating revenue of 28.15 billion yuan, down 9.96% [16]. - The company *ST Suwu is under investigation for suspected information disclosure violations, which may lead to a forced delisting due to significant legal issues [19]. Investment Opportunities - The upcoming World Artificial Intelligence Conference is expected to catalyze multiple sub-sectors, while the continued implementation of policies supporting the Sci-Tech Innovation Board may lead to a rebound in previously stagnant stocks [20]. - Recommendations include focusing on sectors such as non-ferrous metals, communications, innovative pharmaceuticals, military industry, and gaming as the market approaches the mid-reporting season [20].

Core Viewpoint - The supervisory board of Shanghai Jinqiao Information Co., Ltd. has reviewed and approved the company's plan to issue shares to specific targets in 2025, deeming it beneficial for the company's long-term development and in the interest of all shareholders [2][3]. Group 1: Legal Compliance and Approval - The issuance plan complies with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [2]. - The supervisory board confirmed that the information disclosed in the issuance proposal and related reports is true, accurate, and complete, with no misleading statements or significant omissions [2][3]. Group 2: Investor Protection and Profit Distribution - The company has proposed specific measures to mitigate the dilution of immediate returns for existing shareholders, ensuring the protection of investor rights [2]. - The company has improved its profit distribution policy, establishing a scientific and stable dividend mechanism to enhance transparency in profit distribution decisions [2][3]. Group 3: Previous Fund Usage - The company has complied with regulations regarding the use of previously raised funds, with no violations reported in the storage and usage of these funds [3]. - An accounting firm has been engaged to provide verification reports on the usage of previous fundraising, ensuring adherence to legal requirements [3].