Group 1 - The core point of the news is that Jinqiao Information's stock price increased by 5.34% to 17.75 CNY per share, with a trading volume of 438 million CNY and a turnover rate of 6.95%, resulting in a total market capitalization of 6.486 billion CNY [1] - Jinqiao Information, established on August 17, 1994, and listed on May 28, 2015, is based in Xuhui District, Shanghai. The company's main business includes smart scene solutions (51.82% of revenue), smart building solutions (26.73%), and big data and cloud platform services (21.45%) [1] Group 2 - From the perspective of major circulating shareholders, the Fuyong Fund's Fuyong Information Technology Mixed A (013345) entered the top ten circulating shareholders of Jinqiao Information in the third quarter, holding 2.4179 million shares, which is 0.66% of the circulating shares [2] - The Fuyong Information Technology Mixed A fund has a total scale of 131 million CNY and has achieved a return of 9.02% this year, ranking 368 out of 8827 in its category, and a return of 19.36% over the past year, ranking 5304 out of 8084 [2] Group 3 - The fund manager of Fuyong Information Technology Mixed A is Li Yanzheng, who has been in the position for 4 years and 207 days, managing assets totaling 814 million CNY. The best fund return during his tenure is 46.7%, while the worst is -31.03% [3] Group 4 - Fuyong Information Technology Mixed A fund increased its holdings in Jinqiao Information by 1.8492 million shares in the third quarter, bringing its total to 2.4179 million shares, which constitutes 5.45% of the fund's net value, making it the seventh largest holding [4]

Core Viewpoint - Shanghai Jinqiao Information Co., Ltd. has received approval from the China Securities Regulatory Commission (CSRC) for its application to issue A-shares to specific investors, indicating a significant step in its capital-raising efforts [1][2]. Group 1 - The CSRC has granted approval for the company's application to issue shares to specific investors, as per the document number 2025-3033 [1]. - The company is required to implement the issuance strictly according to the submitted documents and issuance plan to the Shanghai Stock Exchange [1]. - The approval is valid for 12 months from the date of registration [2]. Group 2 - The company must report any significant events to the Shanghai Stock Exchange promptly from the date of approval until the issuance is completed [2]. - The company will handle the issuance matters within the stipulated timeframe and fulfill its information disclosure obligations as authorized by the shareholders' meeting [2].

Core Viewpoint - The company, Jinqiao Information (603918.SH), has received approval from the China Securities Regulatory Commission (CSRC) for its application to issue shares to specific investors [1] Group 1 - The company has recently announced that it received the approval from the CSRC regarding its stock issuance [1] - The approval is documented in the CSRC's official notice numbered 3033, dated 2025 [1] - The approval allows the company to proceed with the issuance of shares to specific targets [1]

Group 1 - The company, Jinqiao Information (603918.SH), has received approval from the China Securities Regulatory Commission (CSRC) for its application to issue shares to specific investors [1] - The approval is documented in the CSRC's official notice numbered 3033, dated 2025 [1]

证券代码：603918 证券简称：金桥信息 公告编号：2026-002 上海金桥信息股份有限公司 关于向特定对象发行 A 股股票申请 上海金桥信息股份有限公司（以下简称"公司"）于近日收到中国证券监督 管理委员会（以下简称"中国证监会"）出具的《关于上海金桥信息股份有限公 司向特定对象发行股票注册的批复》（证监许可〔2025〕3033 号），批复内容 如下： "一、同意你公司向特定对象发行股票的注册申请。 获得中国证券监督管理委员会同意注册批复的公告 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。 四、自同意注册之日起至本次发行结束前，你公司如发生重大事项，应及时 报告上海证券交易所并按有关规定处理。" 公司将按照上述批复文件和相关法律法规的要求及公司股东会的授权，在规 定期限内办理本次向特定对象发行股票的相关事宜，并及时履行信息披露义务， 敬请投资者注意投资风险。 特此公告。 上海金桥信息股份有限公司董事会 2026 年 1 月 8 日 二、你公司本次发行应严格按照报送上海证券交易所的申报文件和发行方案 实施。 三、本批复自 ...

Core Viewpoint - The company has received approval from the China Securities Regulatory Commission (CSRC) for the registration of a stock issuance to specific investors, which is valid for 12 months from the date of approval [1] Group 1 - The company is authorized to issue stocks to specific investors as per the approval document (证监许可〔2025〕3033号) [1] - The stock issuance must be conducted strictly according to the submitted documents and issuance plan to the Shanghai Stock Exchange [1] - The approval is effective for a period of 12 months from the date of registration consent [1]

证券代码：603918 证券简称：金桥信息 公告编号：2026-001 上海金桥信息股份有限公司 公司于 2025 年 11 月 20 日披露了《董事及高级管理人员减持股份计 划公告》（公告编号：2025-087），公司董事、高级管理人员王琨先生 计划于 2025 年 12 月 11 日至 2026 年 3 月 10 日，通过大宗交易方式 或集中竞价交易方式减持其所持有的公司股份不超过 246,505 股，约 占公司股份总数的 0.0675%。 近日，公司收到王琨先生发来的《关于减持公司股份的告知函》，截至 2026 年 1 月 5 日，王琨先生已通过大宗交易方式减持公司股份 202,000 股，通过集 中竞价交易方式减持公司股份 43,700 股，合计减持 245,700 股，约占公司股份 总数的 0.0672%，并提前终止本次减持计划。 1 股东名称 王琨 股东身份 控股股东、实控人及一致行动人 □是 □否 一、减持主体减持前基本情况 股东持股的基本情况 在本次减持计划实施前，上海金桥信息股份有限公司（以下简称"公司" 或者"本公司"）董事、高级管理人员王琨先生持有公司股份 986,023 股，占公司当前 ...

Core Viewpoint - The company JinQiao Information (603918.SH) has announced that shareholder Wang Kun has reduced his stake in the company through various trading methods, totaling a small percentage of the company's shares [1] Group 1: Shareholder Actions - Wang Kun has reduced his holdings by 202,000 shares through block trading and 43,700 shares through centralized bidding, amounting to a total reduction of 245,700 shares [1] - The total shares reduced represent approximately 0.0672% of the company's total shares [1] - Wang Kun has decided to terminate the current share reduction plan ahead of schedule [1]

Investment Rating - The report maintains a "Positive" rating for the computer industry and an "Accumulate" rating for Hongsoft Technology (688088) [28] Core Insights - The approval for NVIDIA to sell H200 AI chips to China is expected to alleviate some supply constraints faced by domestic cloud computing companies [12] - Alibaba has established the Qianwen C-end business group, aiming to create a "super app" that serves as the primary entry point for users in the AI era [12] - Baidu is evaluating the spin-off and IPO of Kunlun Chip, with plans to submit an application to the Hong Kong Stock Exchange as early as Q1 2026 [13] - The AI application sector is experiencing rapid growth, driven by major internet companies accelerating their C-end smart applications [27] - The AI computing power industry is expected to maintain high prosperity, supported by the maturation of the domestic computing power industry chain [27] Industry News - The U.S. government will allow NVIDIA to sell H200 AI chips to China, with shipments starting in 2024. The H200 chip is designed for training and running AI models and offers significant performance improvements over its predecessor [12] - Alibaba's Qianwen C-end business group aims to integrate various services into a single app, enhancing user accessibility to AI technologies [12] - Baidu's Kunlun Chip, which focuses on general AI chip design, has shown rapid business growth and is preparing for a potential IPO [13] Industry Data - The rental prices for computing power remain stable, with specific configurations priced as follows: - V100-32GB*8 at 66.63 CNY/hour - A100-40GB*8 at 161.50 CNY/hour - A100-80GB*1 at 5.95 CNY/hour - A800-80GB*1 at 7.50 CNY/hour [14][15] Market Review - From December 4 to December 10, the Shanghai Composite Index rose by 1.34%, while the Shenwan Computer Industry Index increased by 1.13%. Most sub-sectors within the computer industry saw gains, with vertical application software leading at 2.45% [20][21] Weekly Strategy - The report emphasizes the growth potential of AI applications driven by technological advancements and market demand. It suggests focusing on leading companies with strong capabilities in AI technology implementation and scene adaptation [27][28]

Core Viewpoint - The company, Jinqiao Information, has received approval from the Shanghai Stock Exchange for its application to issue A-shares to specific investors, pending final approval from the China Securities Regulatory Commission (CSRC) [1] Group 1: Issuance Details - The total amount to be raised from the issuance is not to exceed 615.38 million yuan, which will be allocated to projects including the upgrade of smart space solutions, AI research and development for industry applications, and replenishing working capital [1][2] - The issuance will involve no more than 35 specific investors, including qualified institutional investors such as securities investment fund management companies, securities companies, trust companies, financial companies, insurance companies, and qualified foreign institutional investors [2] - The pricing benchmark for the issuance will be set at 80% of the average trading price of the company's shares over the 20 trading days prior to the issuance date [2] Group 2: Shareholder Impact - The number of shares to be issued will not exceed 20% of the company's total share capital prior to the issuance, amounting to a maximum of 73,021,505 shares [3] - The controlling shareholder, Jin Guopei, currently holds 18.25% of the shares, and after the issuance, this percentage is expected to decrease to a minimum of 15.21% [3] - Measures will be taken to ensure the stability of the company's control, including limiting the number of shares that a single investor can subscribe to and requiring commitments from investors not to seek control of the company [4][5]