Group 1 - The company Tianyin Holdings announced an earnings forecast on January 29, expecting a net loss attributable to shareholders of 19 million to 27 million yuan for 2025, a shift from profit to loss year-on-year [1] - The basic earnings per share are projected to be a loss of 0.0263 yuan to 0.0185 yuan, compared to a profit of 0.0304 yuan in the same period last year [1] - The increase in operating revenue compared to the previous year is primarily due to the growth of the company's retail e-commerce business, which has expanded through the introduction of new brands and categories, as well as diversifying platform channels [1] Group 2 - The net profit after deducting non-recurring gains and losses is expected to show a reduced loss compared to the previous year, mainly due to a slight increase in profits from the retail e-commerce business in 2025 [1]

Core Viewpoint - Tianyin Holdings has announced an annual performance forecast indicating a projected net loss attributable to shareholders of the listed company ranging from 19 million to 27 million yuan for the year 2025, with a net loss excluding non-recurring gains and losses expected to be between 71 million and 50 million yuan [1] Group 1: Revenue and Profit Analysis - The increase in operating revenue compared to the same period last year is primarily attributed to the company's retail e-commerce business, which has seen revenue growth through the introduction of new brands and categories, multi-dimensional expansion of platform channels, and continuous market growth [1] - The reduction in net loss excluding non-recurring gains and losses compared to the previous year is mainly due to a slight profit increase in the retail e-commerce business in 2025 [1]

天音通信控股股份有限公司 2025年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、本期业绩预计情况 （一）业绩预告期间 业绩预告期间：2025年1月1日至2025年12月31日 （二）业绩预告情况 证券简称：天音控股 证券代码：000829 公告编号：2026-004 号 本次业绩预告未经注册会计师预审计，公司就业绩预告有关事项已与会计师 事务所进行预沟通，公司与会计师事务所在本次业绩预告方面不存在重大分歧。 三、业绩变动原因说明 1、报告期内，营业收入较上年同期上升的主要原因是公司零售电商业务在 2025 年通过引入新品牌与品类、多维拓宽平台渠道、持续打开市场增量空间致 收入增长。 2、报告期内，扣除非经常性损益后的净利润较上年同期减亏的主要原因是 2025 年零售电商业务利润略有增长所致。 四、其他相关说明 本次业绩预告是公司财务部门的初步估算结果，未经会计师事务所审计，具 体财务数据将在公司 2025 年年度报告中详细披露。敬请广大投资者谨慎决策， 注意投资风险。 □扭亏为盈 □同向上升 同向下降 币种：人民币 | 项目 | 本报告期 ...

Market Overview - On January 29, the professional chain sector rose by 2.14%, with Huazhi Wine leading the gains [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Stock Performance - Huazhi Wine (300755) closed at 18.80, up 16.05%, with a trading volume of 341,700 shares and a transaction value of 621 million yuan [1] - Kids King (301078) closed at 10.92, up 3.02%, with a trading volume of 579,200 shares and a transaction value of 628 million yuan [1] - Doctor Glasses (300622) closed at 30.57, up 0.99%, with a trading volume of 115,000 shares and a transaction value of 353 million yuan [1] - Aiyingshi (603214) closed at 17.59, up 0.57%, with a trading volume of 38,100 shares and a transaction value of 6.7 million yuan [1] - Tianyin Holdings (000829) closed at 10.40, up 0.39%, with a trading volume of 257,200 shares and a transaction value of 268 million yuan [1] - Jifeng Technology (300022) closed at 8.00, down 0.99%, with a trading volume of 98,600 shares and a transaction value of 79.8 million yuan [1] - Aishide (002416) closed at 13.05, down 1.88%, with a trading volume of 299,100 shares and a transaction value of 394 million yuan [1] Capital Flow - The professional chain sector saw a net inflow of 92.69 million yuan from main funds, while retail funds experienced a net outflow of 22.27 million yuan [1] - Main funds for Huazhi Wine had a net inflow of 59.10 million yuan, while retail funds had a net outflow of 37.21 million yuan [2] - Kids King had a net inflow of 52.69 million yuan from main funds, with a net outflow of 18.70 million yuan from retail funds [2] - Doctor Glasses had a minor net inflow of 3.12 million yuan from main funds, while retail funds saw a net inflow of 6.77 million yuan [2] - Aiyingshi had a net inflow of 1.65 million yuan from main funds, but retail funds experienced a net outflow of 2.30 million yuan [2] - Jifeng Technology had a slight net outflow of 0.34 million yuan from main funds, while retail funds had a net outflow of 3.69 million yuan [2] - Tianyin Holdings had a net outflow of 4.40 million yuan from main funds, but retail funds saw a net inflow of 12.07 million yuan [2] - Aishide had a significant net outflow of 19.13 million yuan from main funds, while retail funds had a net inflow of 20.80 million yuan [2]

Core Viewpoint - Tianyin Holdings, as a core agent for Apple, reports that its main business of selling Apple phones and the entire product line is operating well, with iPhone 17 sales meeting expectations [2] Group 1 - The company emphasizes its channel advantages and aims to further highlight the value of its high channel moat [2] - The operational status of the business is reported to be good [2] - Future operational details will be disclosed through the company's formal information announcements [2]

Market Overview - The professional chain sector experienced a decline of 1.44% on January 27, with Tianyin Holdings leading the drop [1] - The Shanghai Composite Index closed at 4139.9, up 0.18%, while the Shenzhen Component Index closed at 14329.91, up 0.09% [1] Individual Stock Performance - The following stocks in the professional chain sector showed notable performance: - Yuan Shide (002416) closed at 13.46, down 0.44% with a trading volume of 205,000 shares and a turnover of 274 million yuan [1] - Aiyingshi (603214) closed at 17.73, down 0.84% with a trading volume of 41,800 shares and a turnover of 7.38 million yuan [1] - Doctor's Eye (300622) closed at 30.90, down 1.62% with a trading volume of 142,700 shares and a turnover of 43.9 million yuan [1] - Jifeng Technology (300022) closed at 8.09, down 1.70% with a trading volume of 108,200 shares and a turnover of 87.09 million yuan [1] - Huazhi Wine (300755) closed at 16.35, down 1.86% with a trading volume of 40,100 shares and a turnover of 65.35 million yuan [1] - Kidswant (301078) closed at 10.67, down 1.93% with a trading volume of 454,300 shares and a turnover of 482 million yuan [1] - Tianyin Holdings (000829) closed at 10.53, down 2.05% with a trading volume of 259,900 shares and a turnover of 274 million yuan [1] Capital Flow Analysis - The professional chain sector saw a net outflow of 114 million yuan from main funds, while retail investors contributed a net inflow of 134 million yuan [1] - Detailed capital flow for individual stocks includes: - Yuan Shide (002416) had a main fund net inflow of 5.90 million yuan, while retail investors had a net outflow of 10.69 million yuan [2] - Aiyingshi (603214) experienced a main fund net outflow of 3.32 million yuan, with retail investors contributing a net inflow of 3.91 million yuan [2] - Jifeng Technology (300022) had a main fund net outflow of 3.55 million yuan, with retail investors contributing a net inflow of 5.75 million yuan [2] - Huazhi Wine (300755) saw a main fund net outflow of 5.95 million yuan, while retail investors had a net inflow of 791.31 million yuan [2] - Tianyin Holdings (000829) had a main fund net outflow of 12.69 million yuan, with retail investors contributing a net inflow of 14.24 million yuan [2] - Kidswant (301078) experienced a main fund net outflow of 35.20 million yuan, while retail investors had a net inflow of 35.34 million yuan [2] - Doctor's Eye (300622) saw a main fund net outflow of 58.74 million yuan, with retail investors contributing a net inflow of 77.97 million yuan [2]

Group 1 - The core point of the article is that after more than a year of turmoil due to the departure of its actual controller, Jiubianli has been acquired by Chuangdong Huake, with a 51% stake, marking a significant change in ownership [1] - Chuangdong Huake's largest investor is Tianyin Holdings, a company with projected revenues exceeding 80 billion in 2024, which has partnerships with major brands like Apple, Huawei, and Samsung [2] - Despite its large revenue, Tianyin Holdings reported a net loss of 57 million in the first three quarters of 2025, indicating challenges in its mobile phone business, prompting a shift towards the liquor retail sector [2] Group 2 - Prior to acquiring Jiubianli, Tianyin Holdings had already invested in the new retail platform "Jiukuai Dao" and holds shares in the liquor e-commerce platform "Jiuxian Wang," creating a clear distribution network in the liquor industry [3] - Jiubianli faced severe financial difficulties after its actual controller, Yu Zengyun, was confirmed to have left the country and was under investigation for fundraising fraud, leading to a 37% year-on-year revenue decline and a net loss exceeding 60 million in the first half of 2025 [5][6][7] - The acquisition represents a potential strategic partnership between a mobile giant and a struggling liquor chain, raising questions about whether the digital supply chain expertise can successfully transition into the liquor business [8]

Market Overview - The professional chain sector increased by 0.68% on January 23, with Kid King leading the gains [1] - The Shanghai Composite Index closed at 4136.16, up 0.33%, while the Shenzhen Component Index closed at 14439.66, up 0.79% [1] Stock Performance - Kid King (301078) closed at 11.10, with a rise of 2.02% and a trading volume of 459,400 shares, amounting to a transaction value of 509 million [1] - Doctor's Eye Glasses (300622) closed at 34.48, up 1.98%, with a trading volume of 161,300 shares and a transaction value of 552 million [1] - Other notable stocks include Tianyin Holdings (000829) at 10.96 (+0.92%), Aiying Room (603214) at 17.96 (+0.84%), and Huazhi Wine (300755) at 17.12 (+0.71%) [1] Capital Flow - The professional chain sector experienced a net outflow of 66.6862 million from institutional investors, while retail investors saw a net inflow of 95.2577 million [1] - Kid King had a net inflow of 19.1417 million from institutional investors, but a net outflow of 6.4777 million from retail investors [2] - Doctor's Eye Glasses saw a net inflow of 11.5552 million from institutional investors, with a net outflow of 703.42 thousand from retail investors [2]

Group 1: Market Trends - The cyclical sectors, including basic chemicals, petroleum and petrochemicals, and building materials, have seen significant gains, with increases exceeding 3% as of January 20 [1] - On January 21, cyclical sectors continued to rise, with non-ferrous metals up over 1%, and steel, automotive, petroleum and petrochemicals, and basic chemicals all recording positive performance [1] - The National Development and Reform Commission's deputy director indicated a commitment to implement a policy "combination punch" to promote reasonable price recovery [1] Group 2: Investment Opportunities - According to institutional forecasts, 10 stocks in cyclical sectors are expected to see net profits increase tenfold by 2026, with Zhongzi Technology leading at a projected net profit growth of over 51 times this year [2] - Zhongzi Technology specializes in the research, production, and sales of new materials and renewable energy, and is one of the few major domestic manufacturers in the environmental catalyst field [2] - Tianyin Holdings is projected to have a net profit growth exceeding 42 times this year, benefiting from the AI replacement trend and national subsidies [3] - Delong Laser is expected to see a net profit growth of 36 times this year, focusing on high-end industrial precision laser processing equipment [4] Group 3: Company Performance - Zhongzi Technology has a total market value of 514.07 billion, with a 30% increase in January [3] - Tianyin Holdings has a total market value of 425.40 billion, with a decline of 3.57% in January [3] - Delong Laser has a total market value of 360 billion, with an 18.18% increase in January [4] - Ganfeng Lithium, a leading lithium producer, is projected to have a net profit growth of 551.85% this year, with a market value of 136.69 billion and an 8.09% increase in January [7]

Group 1 - The professional chain sector increased by 0.2% compared to the previous trading day, with Aishide leading the gains [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] - Aishide's closing price was 13.64, with a rise of 2.40%, and a trading volume of 578,100 shares, amounting to 794 million yuan [1] Group 2 - The main funds in the professional chain sector experienced a net outflow of 76.12 million yuan, while retail investors saw a net inflow of 62.58 million yuan [1] - Aishide had a net inflow of 59.11 million yuan from main funds, accounting for 7.45% of the total, while retail investors had a net outflow of 67.04 million yuan [2] - Tianyin Holdings saw a net inflow of 44.16 million yuan from main funds, representing 10.19%, but a net outflow of 3.55 million yuan from retail investors [2]