Group 1 - The company, Xinju Network, participated in the 2025 Shanghai-listed companies collective reception day and mid-term performance briefing [1] - Oracle (China) Software Systems Co., Ltd. is identified as one of the suppliers for the company's original software, hardware, and service sales business [1]

Group 1 - The A-share computing power sector experienced a "deep V" trend in September, with a nearly 10% pullback at the beginning of the month, followed by a strong rebound driven by positive news, pushing the cloud computing index towards historical highs [1][2] - A significant deal was reported on September 10, where OpenAI and Oracle finalized a $300 billion computing power purchase order, marking one of the largest collaborations in the cloud computing industry, reflecting strong global demand for high-performance computing infrastructure [2] - The computing power market has also positively impacted the Hang Seng Internet sector, with companies like Alibaba and Baidu adopting self-developed chips to replace Nvidia GPUs, leading to a surge in semiconductor equipment orders [3] Group 2 - There is a sustained global capital investment in computing power, with a "arms race" in computing power becoming a long-term consensus among tech giants and industrial capital, providing solid demand support for the computing power chain [5] - The domestic computing power supply issues have shifted from external to internal factors, with previous overseas supply constraints easing, and the approval process for IDC energy consumption indicators closely tied to policy guidance [5] - From a long-term investment perspective, the focus on self-controllable directions is seen as having significant long-term value and growth potential, with the computing power sector expected to benefit from the explosion of domestic demand and industrial upgrades [6] Group 3 - The computing power sector is expected to see exponential demand growth driven by breakthroughs in AI models and rapid deployment of AI applications, with specific investment opportunities in GPU and ASIC chips, optical modules, and emerging fields like AI servers [7] - Despite the long-term positive outlook, the cloud computing sector is currently considered "not cheap," with a price-to-earnings ratio of 122 as of September 17, placing it in the 91.8% percentile over the past five years [9] - Some fund managers have begun to reduce positions in response to market volatility, indicating a cautious approach as the sector enters a period of fluctuation after significant gains [9]

New Stock Issuance - Cash option declaration period for *ST Tianmao (000627) is from September 15 to September 19, 2025[1] - *ST Zitian (300280) has 12 trading days remaining until the last trading day during the delisting arrangement period[1] Trading Alerts - *ST Jishi Media (601929) reported severe abnormal fluctuations in stock price[1] - *ST Yushun (002289) and *ST Weier (002058) are under scrutiny due to abnormal trading activities[1] Company Announcements - *ST Gao Hong (000851) and *ST Dongtong (300379) have recent announcements regarding their financial status[1] - Shanghai Construction (600170) and Zhongke Shuguang (603019) have disclosed important updates on their operations[1] Market Trends - The report indicates a trend of increased scrutiny on companies with abnormal trading patterns, reflecting a tightening regulatory environment[2] - The number of companies under cash option declarations and delisting arrangements suggests a potential increase in market volatility[1]

New Stock Issuance - Jin Hua New Material (920015) issued at a price of 18.15[1] - Jianfa Zhixin (301584) issued at a price of 7.05[1] Market Alerts - Cash option declaration period for *ST Tianmao (000627) from September 15 to September 19, 2025[1] - 13 trading days remaining for the delisting period of Zitian Tui (300280)[1] - Severe abnormal fluctuation reported for Jishi Media (601929)[1] Other Announcements - Multiple companies including Shanghai Construction (600170) and Zhongke Shuguang (603019) have recent announcements linked[1] - Various stocks are under scrutiny for abnormal trading activities, including *ST Yu Shun (002289) and ST Huaneng (000851)[3]

Summary of Key Points Core Viewpoint - New Juyuan Network (605398) experienced a significant drop in stock price, closing at the daily limit down, with a turnover rate of 15.92% and a total transaction amount of 938 million yuan, indicating a bearish sentiment among investors [2]. Trading Activity - The stock was listed on the Shanghai Stock Exchange for a daily price deviation of -9.74%, with a total net sell of 104 million yuan from brokerage seats [2]. - The top five brokerage seats accounted for a total transaction of 227 million yuan, with a buying amount of 61.23 million yuan and a selling amount of 165 million yuan, resulting in a net sell of 104 million yuan [2]. Major Buyers and Sellers - The largest buying brokerage was Guosen Securities Co., Ltd. Zhejiang Internet Branch, with a purchase amount of 15.11 million yuan, while the largest selling brokerage was GF Securities Co., Ltd. Hangzhou Fuchun Road Securities Branch, with a selling amount of 96.82 million yuan [2]. Fund Flow - The stock saw a net outflow of 193 million yuan in main funds, with a significant outflow of 155 million yuan from large orders and 38.49 million yuan from medium orders. Over the past five days, the net outflow of main funds totaled 76.49 million yuan [2]. Financial Performance - On August 27, the company released its semi-annual report, showing a total revenue of 244 million yuan for the first half of the year, a year-on-year decrease of 6.66%. The net profit was 7.30 million yuan, reflecting a year-on-year decline of 60.50% [2].

Market Overview - On September 15, the IT services sector declined by 0.78%, with Xinju Network leading the drop [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Top Performers - Rongke Technology (300290) saw a significant increase of 16.73%, closing at 31.33 with a trading volume of 721,800 shares and a transaction value of 2.12 billion [1] - Kaipu Cloud (688228) rose by 13.71%, closing at 182.99 with a trading volume of 76,600 shares [1] - Ronglian Technology (002642) increased by 10.05%, closing at 11.17 with a trading volume of 1,566,000 shares and a transaction value of 1.67 billion [1] Underperformers - Xinju Network (605398) experienced a decline of 10.00%, closing at 35.46 with a trading volume of 259,000 shares and a transaction value of 938 million [2] - Bole Data (688229) fell by 8.27%, closing at 67.88 with a trading volume of 35,900 shares [2] - ST Yunchuang (835305) decreased by 7.98%, closing at 14.29 with a trading volume of 79,500 shares [2] Capital Flow - The IT services sector saw a net outflow of 4.048 billion from institutional investors, while retail investors contributed a net inflow of 3.054 billion [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Ronglian Technology (002642) had a net inflow of 222.8 million from institutional investors, while it faced a net outflow of 70.33 million from speculative funds [3] - Huake Digital (600850) saw a net inflow of 115.5 million from institutional investors, with a net outflow of 15.57 million from speculative funds [3] - Hongjing Technology (301396) experienced a net inflow of 82.88 million from institutional investors, while speculative funds had a net outflow of 79.01 million [3]

New Stock Issuance - New stock issuance for 联合动力 (code: 301656) at a price of 12.48 on September 15, 2025[1] - *ST天茂 (code: 000627) has a cash option declaration period from September 15 to September 19, 2025[1] - 紫天退 (code: 300280) has 14 trading days remaining until the last trading day during the delisting period[1] Market Alerts - 先导智能 (code: 300450) reported severe abnormal fluctuations[2] - 杭可科技 (code: 688006) and 新华锦 (code: 600735) have recent announcements regarding trading activities[1] - 退市整理期 for multiple stocks including *ST威尔 (code: 002058) and 新炬网络 (code: 605398) has been noted[1] Trading Insights - Significant trading activity observed in stocks like 工业富联 (code: 601138) and 景旺电子 (code: 603228) with recent announcements[1] - The report includes links to detailed announcements for various stocks, indicating ongoing market developments[1]

上海新炬网络信息技术股份有限公司 关于参加上海辖区上市公司 2025 年集体接待日暨 中报业绩说明会的公告 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。 重要内容提示： 投资者可于2025年9月19日（周五）14:00前访问http://ir.p5w.net/zj/或扫描问 题征集专题页面二维码进入问题征集专题页面进行会前提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 上海新炬网络信息技术股份有限公司（以下简称"公司"）于 2025 年 8 月 27 日披露了《上海新炬网络信息技术股份有限公司 2025 年半年度报告》。为进一步 加强与投资者的互动交流，便于广大投资者更深入全面地了解公司的基本情况、 2025 年中报业绩、公司治理、发展战略、经营状况和可持续发展等投资者所关心 的问题，公司定于 2025 年 9 月 19 日参加由中国证券监督管理委员会上海监管局指 导、上海上市公司协会与深圳市全景网络有限公司联合举办的"2025 年上海辖区 上市公司集体接待日暨中报业绩说明会活动"，在信息披露允许的范围内就相关问 ...

Group 1 - Several companies including "Industrial Fulian" (601138), "Jinyi Film" (002905), and "New Xiangwei" (688593) have experienced abnormal fluctuations, prompting investors to pay attention to the latest announcements from these listed companies [3] - The list of companies affected by abnormal fluctuations also includes "Huajian Group" (600629), "Roman Shares" (605289), and "Cambridge Technology" (603083), among others [3] - Investors are advised to monitor the situation closely and consider the associated investment risks [3]

Core Viewpoint - The company Xinju Network (605398.SH) has seen significant insider selling and a decline in financial performance, primarily due to challenges in its core database transformation and client budget adjustments [1] Shareholding Changes - On September 12, 2025, the company's director and vice president Cheng Yongxin reduced his holdings by 1.6271 million shares, amounting to approximately 53.47 million yuan [1] - On September 11, 2025, Shanghai Senxiao Investment Center also reduced its holdings by 1.6271 million shares, totaling around 58.28 million yuan [1] - Following these transactions, Cheng Yongxin's shareholding decreased to 5.07%, while Shanghai Senxiao's shareholding fell to 5.29% [1] Financial Performance - For the first half of 2025, the company reported revenue of 244 million yuan, representing a year-on-year decline of 6.66% [1] - The net profit attributable to shareholders was 7.3 million yuan, down 60.50% year-on-year [1] - The decline in performance is attributed to the impact of the core database transformation, reduced revenue from non-core products, client budget adjustments, and delays in project bidding and acceptance processes [1]