证券代码：688318 证券简称：财富趋势 公告编号：2024-036 深圳市财富趋势科技股份有限公司 关于变更部分募集资金专项账户的公告 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、准确性和完整性依法承担法律责任。 一、募集资金基本情况 经中国证券监督管理委员会《关于同意深圳市财富趋势科技股份有限公司首 次公开发行股票注册的批复》（证监许可〔2020〕481 号）同意，深圳市财富趋 势科技股份有限公司（以下简称"公司"）首次公开发行人民币普通股（A 股） 16,670,000 股，每股面值 1.00 元，每股发行价格为 107.41 元。本次公开发行 募集资金总额为人民币 1,790,524,700.00 元，扣除发行费用人民币 76,598,441.92 元（不含增值税），募集资金净额为人民币 1,713,926,258.08 元。本次募集资金已于 2020 年 4 月 21 日全部到位，中审众环会计师事务所（特 殊普通合伙）于 2020 年 4 月 22 日对资金到位情况进行了审验，并出具了《验资 报告》（众环验字（2020）010013 号）。 ...

Financial Performance - The company's operating revenue for the first half of 2024 was ¥147,626,920.84, a slight increase of 0.14% compared to ¥147,415,308.14 in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 15.45% to ¥100,388,547.92 from ¥118,728,549.40 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥77,908,355.38, down 17.92% from ¥94,913,337.78 year-on-year[19]. - The net cash flow from operating activities was ¥54,143,330.83, a decrease of 25.68% compared to ¥72,850,206.96 in the same period last year[19]. - The basic earnings per share were CNY 0.55, down 15.38% from CNY 0.65 in the previous year[20]. - The weighted average return on equity was 2.88%, down 0.80 percentage points from the previous year[20]. - The company reported a significant decrease in cash and cash equivalents, down 30.18% to CNY 500,904,836.83, mainly due to dividend payments and equity acquisition[75]. - The company reported a net profit for the first half of 2024 of CNY 100,726,216.17, a decrease of approximately 15% compared to 118,350,315.97 in the same period of 2023[136]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,702,891,785.86, reflecting an increase of 1.84% from ¥3,635,884,577.99 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were ¥3,428,374,647.28, a slight decrease of 0.11% from ¥3,432,269,127.55 at the end of the previous year[19]. - Total liabilities rose to CNY 273,794,190.77 from CNY 202,900,735.06, marking an increase of about 35.00%[128]. - The company’s total equity at the end of the first half of 2024 was ¥3,429,097,595.09, compared to ¥3,432,983,842.93 at the end of the previous year, showing a marginal decrease[141]. Research and Development - Research and development expenses accounted for 28.08% of operating revenue, an increase of 6.45 percentage points year-on-year[20]. - The company reported a 30.02% year-on-year increase in R&D investment, totaling approximately ¥41.45 million, driven by enhanced market data system development and increased personnel compensation[49]. - The company is focusing on AI technology development, particularly in areas such as data cleaning, deep learning, and natural language processing, to enhance its securities trading system[47]. - The company has a strong commitment to R&D, with significant investments in core technologies such as terminal technology, coding and transmission technology, and cloud computing[43]. Market Strategy and Innovation - The company is focusing on market expansion by enhancing product structure and targeting new customers and markets[24]. - The company is leveraging new technologies such as cloud computing and artificial intelligence to support digital transformation in the securities industry[24]. - The company aims to cultivate value-added business clients through free client applications, anticipating growth in customer scale[40]. - The integration of artificial intelligence technology is expected to significantly enhance the company's competitive advantage in the financial technology sector[36]. Risk Management - The company has outlined various risks and countermeasures in the report, which can be found in the management discussion and analysis section[3]. - The report includes a forward-looking statement risk declaration, indicating that future plans and strategies do not constitute a substantive commitment to investors[6]. - The company faces risks related to technological innovation, intensified industry competition, and compliance with evolving regulations[67][68][69]. Corporate Governance and Compliance - The report has not been audited, and the board members have confirmed the accuracy and completeness of the financial report[4]. - The company has committed to avoiding related party transactions unless absolutely necessary, ensuring fair market pricing and compliance with legal requirements[95]. - The company’s management has pledged to take necessary measures to implement the profit distribution policy and ensure compliance with shareholder resolutions[93]. - The company commits to fulfilling all public promises made during its initial public offering and will actively accept social supervision[98]. Investment and Capital Management - The total amount of funds raised was CNY 1,790,524,700, with a net amount of CNY 1,713,926,258 after deducting issuance costs[108]. - The company has made significant equity investments, with a total of ¥757,494,260.74 during the reporting period[78]. - The company signed a lease agreement for office space totaling 426.13 square meters in Wuhan, with a total contract amount of CNY 434,652[106]. - The cumulative investment progress for the projects is reported at 42.34% and 39.36% respectively[110]. Sustainability and Environmental Responsibility - The company emphasizes the importance of reducing carbon emissions and promotes a paperless office environment to support sustainability[86]. - The company has implemented measures to encourage energy-saving practices among employees, including optimizing air conditioning usage and promoting green commuting[87]. Financial Reporting and Accounting Policies - The financial statements have been prepared in accordance with the relevant accounting standards, ensuring transparency and accuracy in reporting[156]. - The company classifies financial assets into three categories: amortized cost, fair value through other comprehensive income, and fair value through profit or loss[170]. - The company recognizes financial liabilities when the current obligation has been discharged[171]. - The company applies a systematic approach to assess the fair value of assets based on market conditions and expected future cash flows[194].

证券代码：688318 证券简称：财富趋势 公告编号：2024-030 深圳市财富趋势科技股份有限公司 关于收到董事长提议中期分红暨落实公司 2024年年度"提质增效重回报"行动方案的公告 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、准确性和完整性依法承担法律责任。 深圳市财富趋势科技股份有限公司（以下简称"公司"）于2024年7月17日 收到公司董事长黄山先生提交的《关于提议公司实施2024年度中期分红的函》， 现将有关情况公告如下： 一、具体提议情况 为持续践行"以投资者为本"的发展理念，让广大投资者切实分享并感受到 公司的发展成果，基于对公司稳定经营及未来发展的坚定信心，在符合《深圳市 财富趋势科技股份有限公司章程》（以下简称"《公司章程》"）规定的利润分 配原则、保证公司正常经营和长远发展的前提下，黄山先生建议公司实施2024年 度中期分红，具体提议内容如下： 以公司未来实施权益分派股权登记日登记的总股本为基数，建议向全体股东 派发现金分红总额按照不低于2024年半年度合并归属于上市公司股东净利润的 10%-20%，不进行资本公积转增股本，不送 ...

Summary of Conference Call on Wealth Trend Company Overview - Wealth Trend is a well-known financial information technology service provider in China, recognized for its brand Tongdaxin. The company serves both B-end financial clients (primarily brokerages) and C-end individual investors by providing financial information services [3][30]. Industry Characteristics - The company operates in a sector characterized by a dual nature of brokerage and IT services, which typically commands high valuations and strong beta attributes. This results in a notable performance elasticity in capital markets [2][30]. Financial Performance - Wealth Trend's PE ratio peaked at 160 times post-IPO in 2020, fell to around 25 times in 2022, and rebounded to a high of 130 times in 2023 before settling around 50 times due to fluctuations in ROE [4][5]. - The company's revenue is primarily derived from B-end software sales and maintenance, with a smaller contribution from C-end financial information services [6][16]. B-End Business Insights - The B-end business is experiencing growth driven by national policies promoting financial technology and the ongoing transformation of brokerages. The demand for software solutions is increasing as brokerages invest in IT [7][10]. - The B-end revenue has shown significant growth, with the company achieving approximately 360 million yuan in revenue, ranking just below Tongdaxin in the industry [17][21]. C-End Business Insights - The C-end business is still in its early stages, with significant room for improvement in customer conversion rates and average revenue per user. The monthly active users for Tongdaxin reached approximately 2.244 million, reflecting a 25% year-on-year increase [24][26]. - Despite the smaller revenue contribution from C-end services, the potential for growth remains high as the company continues to enhance its platform and user engagement [30]. Market Dynamics - The overall market for financial information services is expected to maintain a favorable outlook due to a steady influx of new investors into the A-share market, with 21 million new accounts opened in 2023 [13][30]. - China's securities market has a low securitization rate of 64%, indicating substantial growth potential compared to developed countries [15][16]. Competitive Landscape - The competition in the C-end market is intense, with established players like Tongdaxin and Eastmoney leading the market. Wealth Trend's market share is growing, but it still lags behind these competitors in terms of user base and revenue [23][25]. Strategic Focus - The company emphasizes R&D and innovation, with a 17.4% R&D expense ratio in 2023, reflecting its commitment to technological advancement and product development [28][30]. - Wealth Trend is actively integrating AI technologies to enhance its product offerings and improve customer engagement, aiming to strengthen its competitive position in the market [29][30]. Conclusion - Wealth Trend is positioned well within the financial technology sector, with strong B-end business growth driven by policy support and a growing C-end market. The company is focused on improving customer conversion and leveraging technology to enhance its service offerings, making it a compelling investment opportunity [30].

Summary of Conference Call Notes Industry Overview - The discussion primarily revolves around the stock trading software platforms represented by companies such as Dongcai Tonghuashun and Caifutrend [1] - The second category includes financial IT service providers in the securities sector, such as Hengsheng Electronics, Diandian Software, and Jinzhen Co. [1] Key Points and Arguments - The first category of companies focuses on stock trading software platforms, which are crucial for retail investors [1] - The financial IT service providers play a significant role in enhancing the operational efficiency of securities firms [1] Additional Important Content - The mention of various companies indicates a competitive landscape within the financial technology sector, highlighting the importance of innovation and service quality [1]

Investment Rating - The report assigns an "Accumulate" rating to the company with a current price of 73.95 CNY and a target value of 76 CNY [2]. Core Insights - The company benefits from the rapid iteration of capital market innovation and the ongoing transformation of its B-end business, which is expected to contribute to stable revenue growth [1][22]. - The C-end business, although starting from a low base, shows significant growth potential, with a 48% CAGR in MAU over the past five years [1]. - The development of AI technologies is expected to enhance the company's business capabilities, particularly in C-end applications [4]. Summary by Sections B-end Business Performance - The company primarily provides securities trading system software and information services, covering over 90% of domestic securities firms [22]. - Software sales and maintenance services have seen a compound annual growth rate (CAGR) of 18% and 16% respectively over the past three years, with software sales revenue reaching 2.1 billion CNY in 2023, up from 1.2 billion CNY in 2022 [1][42]. - The company is positioned as a key supplier in the securities trading system software market, with a focus on enhancing customer stickiness and adapting to market demands [57]. C-end Business Growth - The C-end business has shown rapid growth, with the Tongdaxin app's MAU increasing from approximately 200,000 in early 2018 to 2.13 million by April 2024, representing a 48% CAGR [1]. - The company offers competitive pricing for its mobile services, which aids in market penetration and revenue growth [1]. AI Development - The company is actively developing an open AI platform, which is expected to drive innovation in its trading software and enhance user experience [4]. Profit Forecast and Valuation - The net profit for 2024 is projected to be 310 million CNY, a slight decrease of 1% year-on-year, with a reasonable valuation set at 45x PE, leading to a target price of 76 CNY per share based on an EPS of 1.69 CNY [1].

标题：关于深圳市财富趋势科技股份有限公司的监管工作函 证券代码：688318 证券简称：财富趋势 监管类型：监管工作函 涉及对象：上市公司 处分日期：2024-06-28 处理事由：关于深圳市财富趋势科技股份有限公司的监管工作函 ...

Investment Rating - The report does not provide a clear investment rating for the company [49] Core Insights - The company is positioned to benefit from the AI revolution and aims to enhance its growth in the consumer sector [27] - The company has a strong focus on R&D, with a high R&D expense ratio of 17.4% in 2023, which is expected to support its business innovation [3][40] - The company has launched an open AI platform, "Wen Xiaoda," to improve product competitiveness in stock selection and financial data services [40] Industry Changes - The policy environment is driving an upward trend in the industry, with significant room for improvement in the securitization rate [3] - The company has a low sales expense ratio of 2.3% in 2023, indicating a solid platform and brand effect, with potential for future business breakthroughs [3] - The financial technology sector is experiencing a golden development period, particularly in the context of domestic substitution and the promotion of financial innovation [12] Financial Performance - The company achieved a revenue of 4.3 billion in 2023, with projected revenues of 5.2 billion, 6.1 billion, and 7.1 billion for 2024, 2025, and 2026 respectively, reflecting year-on-year growth rates of 20.2%, 16.6%, and 15.8% [58] - The net profit attributable to the parent company is expected to reach 3.7 billion, 4.4 billion, and 5.2 billion for the same years, with growth rates of 18.5%, 19.9%, and 17.3% respectively [58] Business Model - The company serves both B-end financial institutions and C-end individual investors, providing comprehensive financial IT solutions and financial information services [33] - The B-end business is primarily driven by the IT investment of securities firms, while the C-end business is influenced by market activity and product marketing [55] Market Position - The company has a significant market presence, with over 90% coverage of domestic securities firms in its products, and is expected to gain additional revenue from national encryption projects [22] - The monthly active users of the company's app reached 224.6 million in April 2024, showing a year-on-year increase of 25.0% [23]

证券代码：688318 证券简称：财富趋势 公告编号：2024-029 深圳市财富趋势科技股份有限公司 2023 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： | | | 通股份上市日 | | | --- | --- | --- | --- | | 股权登记日 2024/6/13 | 除权（息）日 2024/6/14 | 新增无限售条件流 2024/6/14 | 现金红利发放日 2024/6/14 | 一、 通过分配、转增股本方案的股东大会届次和日期 本次利润分配及转增股本方案经公司 2024 年 5 月 28 日的 2023 年年度股东 大会审议通过。 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。 公司存在首发战略配售股份，首发战略配售股份已全部上市流通 是否涉及差异化分红送转：否 每股分配比例，每股转增比例 每股现金红利 0.8 元 每股转增 0.4 股 相关日期 3. 分配方案 ...

北京德恒（武汉）律师事务所 关于深圳市财富趋势科技股份有限公司 2023 年年度股东大会的 法律意见 德恒律师事务所 DeHeng Law Office 武汉市洪山区欢乐大道1号德成国贸中心 B座26层 邮编:430060 电话:(86)027-88615675 北京德恒(武汉)律师事务所 关于深圳市财富趋势科技股份有限公司 2023 年年度股东大会的法律意见 北京德恒(武汉)律师事务所 关于深圳市财富趋势科技股份有限公司 2023 年年度股东大会的 法律意见 2024 德恒汉法意 DHWH051 号 致:深圳市财富趋势科技股份有限公司 深圳市财富趋势科技股份有限公司(以下简称"公司")2023年年度股东大 会(以下简称"本次会议")于 2024年5月28日(星期二)召开。北京德恒(武 汉)律师事务所(以下简称"德恒")受公司委托,指派本所经办律师(以下简 称"德恒律师")出席了本次会议。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》)、中国证券 监督管理委员会《上市公司股东大会规则》(以下简称《股东大会规则》)、《深 圳市财富趋势科技股份有限公司章程》(以 ...