Core Viewpoint - Jiangsu Zhuoyi Information Technology Co., Ltd. (hereinafter referred to as "Zhuoyi Information") announced a share reduction plan by its employee shareholding platform, Yixing Zhongheng Enterprise Management Co., Ltd. (hereinafter referred to as "Zhongheng Management"), due to the personal funding needs of some employees [1][2]. Shareholder Holding Situation - As of the announcement date, Zhongheng Management directly holds 3,938,760 shares, accounting for 3.25% of the total shares of Zhuoyi Information. These shares were obtained from the company's initial public offering (IPO) and capital reserve conversion [1][2]. Reduction Plan Details - Zhongheng Management plans to reduce its holdings by no more than 2,271,445 shares, which represents up to 1.88% of the total shares. The reduction will occur within three months starting from 15 trading days after the announcement [1][3]. - The reduction will be executed through a combination of centralized bidding and block trading, with a maximum of 1,060,023 shares through centralized bidding and 1,211,422 shares through block trading [3]. Reason for Reduction - The reason for the share reduction is the personal funding needs of employees [3]. Compliance and Commitments - The actual controller of the company, Mr. Xie Qian, has committed not to participate in this reduction plan through Zhongheng Management [1][4]. - The company has previously made commitments regarding the holding period of shares, stating that it will not transfer or manage shares held before the IPO for 36 months from the date of listing [3][4]. Future Considerations - If the company’s stock undergoes any corporate actions such as dividends or stock splits during the reduction period, the number of shares to be reduced will be adjusted accordingly [5].

因部分员工自身资金需求，中恒企管拟通过集中竞价和大宗交易相结合的方 式减持不超过 2,271,445 股公司股份，占公司股份总数比例不超过 1.88%，将于 本减持计划公告披露之日起 15 个交易日后的 3 个月内进行。本次员工持股平台 减持计划中，公司实际控制人不参与本次减持计划，承诺不通过员工持股平台中 恒企管进行减持。 公司于近日收到中恒企管出具的《关于股东减持计划的告知函》，现将相关 减持计划情况公告如下： | 股东名称 | 宜兴中恒企业管理有限公司 | | | | --- | --- | --- | --- | | | 控股股东、实控人及一致行动人 | √是 | □否 | | 股东身份 | 直接持股 5%以上股东 | □是 | √否 | | | 董事、监事和高级管理人员 | □是 | √否 | 证券代码：688258 证券简称：卓易信息 公告编号：2025-028 江苏卓易信息科技股份有限公司 股东减持股份计划公告 本公司董事会、全体董事及相关股东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、准确性和完整性依法承担法律 责任。 重要内容提示： 股东持有股份的基本情况 ...

Group 1: Overall Market Outlook - The current market situation is similar to 2013 and 2019, with a high probability of evolving into a comprehensive bull market, although tactical breakthroughs may take time [6][12] - The market is characterized by low valuation levels, weak corporate earnings, positive policy tone, and active thematic opportunities, indicating potential for a bull market [12][14] - A possible market pullback in July is expected, but the extent is manageable, with a return to bull market conditions likely in Q3 or Q4 if earnings or policies turn optimistic [12][14] Group 2: Industry Allocation Insights - The report suggests a value-oriented approach in the current quarter, with plans to increase exposure to more elastic sectors in Q3 [12][14] - Key sectors for investment include: - New Consumption: Benefiting from domestic demand stability and potential supportive policies [14] - Media: Attractive valuation with a focus on AI application changes [14] - Military Industry: Likely to see continuous thematic events due to unique demand cycles [14] - Banking and Non-Banking: Low sensitivity to overseas economic fluctuations and high sensitivity to domestic policies [14] - Non-ferrous Metals: Strong capacity structure with resilience to economic fluctuations [14] - Real Estate: Positioned for new policy initiatives with low valuation levels [14] Group 3: Top Stock Picks - The top stock picks for July 2025 include: - 分众传媒 (002027.SZ) in Media and Internet - 顺丰控股 (002352.SZ) in Transportation - 药师帮 (9885.HK) in Pharmaceuticals - 万辰集团 (300972.SZ) in Food and Beverage - 青岛银行 (002948.SZ) in Banking - 新集能源 (601918.SH) in Utilities - 豆神教育 (300010.SZ) in Education - 兖矿能源 (600188.SH) in Energy - 江淮汽车 (600418.SH) in Automotive - 卓易信息 (688258.SH) in Computing [3][15] Group 4: Company-Specific Insights - 分众传媒 (002027.SZ) is focusing on offline advertising with a significant share of daily consumer goods advertisers [16] - 顺丰控股 (002352.SZ) has shown remarkable growth in logistics volume, outperforming industry growth rates, driven by customer penetration and operational optimizations [19][21] - 药师帮 (9885.HK) is expected to achieve a compound annual growth rate of approximately 164% in net profit from 2024 to 2027, benefiting from its deep market penetration and strong cash flow [25][27] - 万辰集团 (300972.SZ) maintains a competitive edge in the snack retail sector, with a focus on operational quality and profitability improvements [28][29] - 青岛银行 (002948.SZ) is expanding its business in a robust economic environment, with significant growth in deposits and loans, supported by a strong financial foundation [31][33]

江苏漫修（无锡）律师事务所 关于 江苏卓易信息科技股份有限公司 差异化权益分派 之 法律意见书 江苏省无锡市蠡园开发区吟白路 1 号研创大厦 22 楼，214063 Tel:（0510）82821395 82821396 Fax:（0510）82826565 www.manxiu-law.com manxiu@manxiu-law.com 二〇二五年六月 江苏漫修（无锡）律师事务所 关于江苏卓易信息科技股份有限公司 差异化权益分派 之 法律意见书 致：江苏卓易信息科技股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民 共和国公司法》（以下简称"《公司法》"）、《上市公司股份回购规则》（以 下简称"《回购规则》"）、《上海证券交易所上市公司自律监管指引第 7 号—— 回购股份》（以下简称"《监管指引第 7 号》"）、《上海证券交易所股票上市 规则》（以下简称"《上市规则》"）、《律师事务所从事证券法律业务管理办 法》（以下简称"《证券法律业务管理办法》"）及《律师事务所证券法律业务 执业规则（试行）》（以下简称"《证券法律业务执业规则》"）等法律、行政 法规、规范性文件及《江苏卓易 ...

证券代码：688258 证券简称：卓易信息 公告编号：2025-027 江苏卓易信息科技股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/6/23 | 2025/6/24 | 2025/6/24 | 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经江苏卓易信息科技股份有限公司（以下简称"公司"）2025 年 5 月 13 日的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 根据中国证监会《上市公司股份回购规则》《上海证券交易所上市公司自律监 管指引第 7 号——回购股份》及《公司章程》等有关规定，公司回购专用账户中 是否涉及差异化分红送转：是 每股分配比 ...

Core Viewpoint - The legal opinion letter from Jiangsu Manxiu (Wuxi) Law Firm confirms that Jiangsu Zhuoyi Information Technology Co., Ltd.'s differentiated equity distribution plan for the 2024 profit distribution complies with relevant laws and regulations, and does not harm the interests of the company and its shareholders [10]. Group 1: Differentiated Equity Distribution - The differentiated equity distribution is necessary due to discrepancies between the total share capital and the actual shares participating in the profit distribution, as shares in the repurchase account do not enjoy distribution rights [8]. - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares to all shareholders registered on the equity registration date, without capital reserve transfer or bonus shares [8][9]. - The total share capital of the company is 121,142,237 shares, with 2,180,997 shares in the repurchase account, resulting in 118,961,240 shares participating in the distribution [7][9]. Group 2: Legal Compliance and Impact - The legal opinion states that the differentiated equity distribution complies with the Company Law, Securities Law, and other relevant regulations, ensuring that the impact on the stock's ex-rights (ex-dividend) reference price is minimal [10]. - The calculated ex-rights reference price is RMB 45.50 per share, with a negligible impact of 0.00396% on the reference price due to the differentiated distribution [9][10]. - The opinion emphasizes that the distribution plan does not harm the interests of the company or its shareholders, confirming its legality and adherence to corporate governance standards [10].

Core Points - The company has approved a differentiated cash dividend distribution plan at the 2024 annual shareholders' meeting held on May 13, 2025 [1][2] - The cash dividend is set at RMB 0.10 per share (before tax) [1][4] - The total number of shares eligible for the dividend distribution is 118,961,240 shares after excluding 2,180,997 shares held in the company's repurchase account [2][3] - The total cash dividend amount to be distributed is RMB 11,896,124.00 (before tax) [2][3] Dividend Distribution Details - The cash dividend distribution will not involve capital reserve conversion to share capital or stock dividends [2][3] - The ex-dividend date, record date, and payment date are specified but not detailed in the provided text [3] - The reference price for ex-dividend trading will be adjusted based on the cash dividend amount [2][3] Tax Implications - Individual shareholders holding shares for more than one year will be exempt from personal income tax on the dividend [4][5] - For shares held for less than one year, the company will not withhold personal income tax at the time of distribution, but tax will be calculated upon the sale of shares [4][5] - For Qualified Foreign Institutional Investors (QFII), a 10% corporate income tax will be withheld, resulting in a net cash dividend of RMB 0.09 per share [5][6]

Core Insights - The report highlights the promising commercial prospects of the AI+IDE platform EazyDevelop launched by the company, maintaining a "Buy" rating and adjusting profit forecasts for 2025-2027 [2][4][5] - Expected net profits for 2025-2027 are projected at 0.88 billion, 1.58 billion, and 2.97 billion respectively, with EPS at 0.73, 1.30, and 2.45 yuan per share [2][4] - The current price-to-earnings (PE) ratios are 65.6, 36.8, and 19.6 for the respective years, indicating strong growth potential driven by both firmware and IDE businesses [2][4] Company Overview - The company recently released the public beta version of EazyDevelop, an integrated development platform that leverages AI large models and multi-agent technology to automate the entire software development process [4][5] - The platform aims to enhance efficiency and intelligence in software development, covering aspects from requirement analysis to operational monitoring [4] Market Context - The report notes the significant growth in the AI programming sector, citing a recent funding round for Anysphere, the parent company of AI programming tool Cursor, which achieved a valuation of 9.9 billion dollars [5] - The company is positioned as a rare player in the domestic AI programming field, with a strong technological foundation and promising performance expectations [5]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The report expresses optimism about the company's AI+IDE commercialization prospects and has raised profit forecasts for 2026-2027, expecting net profits of 88 million, 158 million, and 297 million yuan for 2025-2027, respectively. The corresponding EPS is projected to be 0.73, 1.30, and 2.45 yuan per share, with current PE ratios of 65.6, 36.8, and 19.6 times [4][5] Financial Summary - The company's total revenue for 2023 is reported at 320 million yuan, with a year-on-year growth of 13.5%. The revenue is expected to grow to 418 million yuan in 2025, representing a 29.4% increase. The net profit for 2023 is 56 million yuan, with a projected increase to 88 million yuan in 2025, reflecting a 169.2% year-on-year growth [8][10] - The gross margin is expected to be 48.8% in 2025, while the net margin is projected at 21.1%. The return on equity (ROE) is anticipated to rise to 10.0% in 2025 [8][10] Recent Developments - The company launched the public beta version of its AI+IDE platform, EazyDevelop, on June 9, 2025. This platform aims to automate the entire software development process, enhancing efficiency and intelligence [5] - On June 4, 2025, the company announced a stock incentive plan, granting 3.7 million shares at 25 yuan per share to 40 individuals, which represents 3.05% of the total share capital. The performance targets set for the IDE business are ambitious, indicating strong long-term growth confidence [6] Market Position - The report highlights the growing market for AI programming tools, citing a recent funding round for Anysphere, the parent company of AI programming tool Cursor, which achieved a valuation of 9.9 billion USD. This indicates strong capital recognition of the AI programming commercialization prospects. The company is positioned as a rare player in the domestic AI programming field, with significant technological accumulation in AI+IDE [7]

Summary of Key Points Core Viewpoint - The financing balance of the Sci-Tech Innovation Board (STAR Market) increased by 335 million yuan compared to the previous day, indicating a growing interest in this market segment [1][2]. Financing Balance Overview - As of June 9, the total margin financing balance on the STAR Market reached 153.45 billion yuan, with a daily increase of 338 million yuan [1]. - There are 396 stocks with a financing balance exceeding 100 million yuan, and 18 stocks have a financing balance over 1 billion yuan [1]. Stocks with Significant Financing Inflows - The stocks with the highest net financing inflows include Kingsoft Office, Maiwei Biotech, and Zhuoyi Information, with net inflows of 639.98 million yuan, 624.31 million yuan, and 499.75 million yuan respectively [2]. - The average increase in stock prices for those with net inflows exceeding 10 million yuan was 2.52%, with notable gainers including Rejing Biotech (up 18.15%), Nuocheng Jianhua (up 9.93%), and Guangyun Technology (up 9.89%) [2]. Sector Preferences - Investors showed a preference for stocks in the pharmaceutical, electronics, and computer sectors, with 17, 11, and 5 stocks respectively being favored [2]. - The average ratio of financing balance to market capitalization for these stocks is 3.48%, with Maiwei Biotech having the highest ratio at 6.84% [2]. Notable Stock Performances - Kingsoft Office had a financing balance of 1.206 billion yuan, increasing by 639.98 million yuan, and its stock price rose by 2.33% [2]. - Other notable stocks with significant financing balances and price movements include Maiwei Biotech (up 0.04%), Zhuoyi Information (up 8.93%), and Mai Xinlin (up 9.25%) [2][3].