证券代码：002657 证券简称：中科金财 公告编号：2025-039 北京中科金财科技股份有限公司 关于召开 2025 年第二次临时股东会的通知 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。 北京中科金财科技股份有限公司（以下简称"公司"）第七届董事会第三次 会议于 2025 年 8 月 7 日召开，会议审议通过了《关于提请召开 2025 年第二次临 时股东会的议案》。会议决定于 2025 年 8 月 25 日（星期一）召开公司 2025 年第 二次临时股东会（以下简称"本次股东会"），现将本次股东会有关事项公告如下： 一、召开会议的基本情况 （一）股东会届次：公司 2025 年第二次临时股东会。 （二）股东会的召集人：公司董事会。经公司第七届董事会第三次会议审议 同意召开本次股东会。 （三）会议召开的合法、合规性：本次股东会会议召开符合有关法律、行政 法规、部门规章、规范性文件和公司章程的规定。 （四）会议召开的日期、时间： 现场会议时间：2025 年 8 月 25 日（星期一）下午 14:00。 2、公司董事和高级管理人员。 3、公司聘请的律师。 网络 ...

北京中科金财科技股份有限公司 证券代码：002657 证券简称：中科金财 公告编号：2025-037 第七届董事会第三次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会召开情况 北京中科金财科技股份有限公司（以下简称"公司"）第七届董事会第三次 会议于 2025 年 8 月 7 日在公司天枢会议室以通讯方式召开。会议通知于 2025 年 8 月 4 日以电话、邮件方式通知各位董事。会议由董事长朱烨东主持，本次 会议应到董事 9 名，出席董事 9 名，公司部分高级管理人员列席。本次会议召 开符合《公司法》、《公司章程》等法律法规的规定。 二、董事会会议审议情况 1. 会议以 9 票赞成，0 票反对，0 票弃权，审议通过了《关于<北京中科金 财科技股份有限公司 2025 年限制性股票激励计划（草案）>及其摘要的议案》。 会议同意公司实行限制性股票激励计划，本次限制性股票激励计划，符合 当前公司所处环境变化及未来发展需要，有利于进一步建立、健全公司长效激 励机制，吸引和留住优秀人才，充分调动公司核心技术及业务人员的积极性， 提升公司的核心竞争 ...

8月4日，沪深两融数据显示，中科金财获融资买入额1.23亿元，居两市第185位，当日融资偿还额0.54亿 元，净买入6926.59万元。 融券方面，当日融券卖出0.00万股，净卖出0.00万股。 最近三个交易日，31日-4日，中科金财分别获融资买入1.71亿元、0.79亿元、1.23亿元。 ...

Market Overview - The Shanghai Composite Index is at 3568.96 points with a change of 0.25% [1] - The total trading volume of A-shares is 11803.88 billion yuan [1] Technical Analysis - 42 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Sifang Precision (300468) with a distance of -1.65% [1] - Zhongyou Capital (000617) with a distance of -1.06% [1] - Langxin Group (300682) with a distance of -0.89% [1] Individual Stock Performance - Sifang Precision (300468) has decreased by 1.63% today with a turnover rate of 5.43% [1] - Zhongyou Capital (000617) has decreased by 3.65% today with a turnover rate of 1.65% [1] - Langxin Group (300682) has decreased by 0.86% today with a turnover rate of 1.91% [1] - Other stocks with notable performance include: - China Life Insurance (601319) with a slight increase of 0.12% [1] - Haosen Intelligent (688529) with an increase of 1.31% [1] - Donglai Technology (688129) with an increase of 1.88% [1] Additional Stock Data - Stocks showing a decrease in their 5-day moving average compared to the 10-day moving average include: - Mengjie (002397) down by 1.39% [1] - Greenland Holdings (600606) down by 0.53% [1] - Lida Xin (605365) down by 0.88% [1] - Stocks with minor changes include: - Jiemai (300868) down by 0.23% [2] - Lianchuang Electronics (002036) up by 0.19% [2] - ST Panda (600599) up by 0.26% [2]

中科金财（SZ 002657，最新价：28.55元）7月31日晚间发布半年度业绩报告称，2025年上半年营业收 入约3.45亿元，同比增加14.36%；归属于上市公司股东的净利润亏损约8495万元；基本每股收益亏损 0.2498元。 （文章来源：每日经济新闻） ...

Group 1 - The new Hong Kong Stablecoin Regulation has officially come into effect, establishing new rules for global investors and enhancing market transparency [1][3] - The regulation requires stablecoin issuers to have a minimum capital of 25 million HKD and to maintain 100% reserve in real assets, significantly increasing the barrier to entry for new players [3] - Retail investors now have the right to redeem their stablecoins at face value within five days, with severe penalties for non-compliance, including fines up to 10 million HKD and imprisonment for up to 10 years [3] Group 2 - Major financial institutions like Standard Chartered and JD Technology are competing for licenses under the new regulation, as the cross-border payment market is valued at 26.7 trillion USD [3][4] - The compliance costs for stablecoin transactions are expected to drop to below 1%, making them three times cheaper than traditional bank transfers, creating significant opportunities for retail investors [3] - Companies in the A-share market, such as Yuxin Technology and Zhongke Jincai, are positioned to benefit from the demand for technology solutions related to stablecoin issuance, with orders extending into next year [4] Group 3 - The market for Real World Asset (RWA) tokenization is projected to reach 16 trillion USD by 2030, presenting lucrative investment opportunities for companies like Shanghai Steel Union that manage large data assets [4] - New scams related to "stablecoin investment" have emerged, with warnings issued by local authorities, highlighting the need for investors to be cautious and informed [5] - The regulation is seen as a reset of the investment landscape, emphasizing the importance of compliance and informed decision-making in financial innovation [5]

Financial Performance - The company reported a total revenue of 345 million yuan for the first half of 2025, an increase of 14.36% year-on-year, but a net profit attributable to shareholders of -84.95 million yuan, a decline of 71.51% year-on-year [1] - The gross margin decreased to 16.43%, down 27.4% year-on-year, while the net margin was -24.61%, a decrease of 49.97% year-on-year [1] - The company’s operating cash flow per share was -0.75 yuan, a decrease of 54.8% year-on-year, and earnings per share were -0.25 yuan, down 66.53% year-on-year [1] Cash Flow and Financial Position - Cash and cash equivalents decreased by 29.35% to 381 million yuan due to increased procurement payments [3] - Accounts receivable increased significantly by 164.73% to 182 million yuan, indicating potential cash flow issues [1] - Interest expenses rose by 71.01%, reflecting increased borrowing costs [18] Investment and Asset Management - The company has been exploring stablecoin business opportunities, focusing on compliance and collaboration with banks to leverage global assets and business scenarios [42] - The global stablecoin market is projected to reach a market cap of nearly 2.5 trillion USD, with significant growth expected in transaction volumes [43] - The company has developed various digital currency solutions, including smart contract security planning platforms and compliance management systems [41] Industry Context - The stablecoin market has seen a growth of over 22 times in the past five years, with expectations of reaching a transaction volume of 10 trillion USD by 2025 [43] - The company is positioned as a key player in the blockchain and digital asset sectors, having established itself as a think tank for government and regulatory bodies [41]

Core Insights - The company reported a total revenue of 345 million yuan for the first half of 2025, representing a year-on-year increase of 14.36%. However, the net profit attributable to shareholders was -84.95 million yuan, a decline of 71.51% year-on-year, indicating a situation of revenue growth without profit increase [2] - In the second quarter, total revenue was 171 million yuan, down 4.35% year-on-year, with a net profit of -46.26 million yuan, reflecting a significant decline of 109.67% year-on-year [3] Financial Performance - The gross margin decreased to 16.43%, down 27.4% year-on-year, while the net margin was -24.61%, a decrease of 49.97% year-on-year [6] - Operating cash flow per share was -0.75 yuan, a decrease of 54.8% year-on-year, indicating worsening cash flow conditions [6] Revenue Composition - Revenue from data center services was 175 million yuan, accounting for 50.81% of total revenue, with a gross margin of 13.24% [6] - Financial technology services generated 109 million yuan, representing 31.66% of total revenue, with a gross margin of 19.26% [6] - Artificial intelligence services contributed 48.35 million yuan, making up 14.01% of total revenue, with a gross margin of 27.46% [6] Regional and Sector Distribution - The company generated 280 million yuan from the North China region, accounting for 81.22% of total revenue, with a gross margin of 15.07% [6] - Revenue from the enterprise sector was 155 million yuan, representing 44.96% of total revenue, with a gross margin of 10.52% [6] Cash Flow and Financial Health - Cash and cash equivalents decreased by 29.35% due to increased procurement payments [6] - Accounts receivable increased by 164.73% as a result of extended sales collection periods [6] - Interest-bearing debt rose by 654.74% due to new bank loans [6] - The net cash flow from operating activities decreased by 54.78% due to increased cash payments for goods and services [6]

Market Overview - The futures concept sector experienced a decline of 0.69% on August 1, with Nanhua Futures leading the drop [1] - The Shanghai Composite Index closed at 3559.95, down 0.37%, while the Shenzhen Component Index closed at 10991.32, down 0.17% [1] Individual Stock Performance - Notable gainers in the futures concept sector included: - Hongqiang Securities (601236) with a closing price of 8.84, up 1.96% and a trading volume of 845,200 shares, totaling 755 million yuan [1] - Chuangyuan Technology (000551) closed at 11.06, up 0.91% with a trading volume of 68,500 shares, totaling 75.6 million yuan [1] - Conversely, significant decliners included: - Nanhua Futures (603093) which closed at 21.88, down 4.12% with a trading volume of 212,500 shares, totaling 472 million yuan [2] - Zhongke Jin Cai (002657) closed at 28.58, down 3.45% with a trading volume of 443,700 shares, totaling 1.273 billion yuan [2] Capital Flow Analysis - The futures concept sector saw a net outflow of 843 million yuan from main funds, while retail investors contributed a net inflow of 627 million yuan [2] - The capital flow for individual stocks showed: - Hongta Securities (601236) had a net inflow of 75.37 million yuan from main funds, while retail investors had a net outflow of 37.94 million yuan [3] - Dahan Technology (600288) experienced a net inflow of 14.14 million yuan from main funds, with retail investors showing a net outflow of 0.65 million yuan [3]

Core Viewpoint - Zhongke Jincai reported a significant decline in net profit despite a revenue increase, indicating underlying financial challenges and operational risks [1][2]. Financial Performance - In the first half of 2025, Zhongke Jincai achieved revenue of 345 million yuan, a year-on-year increase of 14.36% [1]. - The net profit attributable to shareholders was -84.95 million yuan, a year-on-year decline of 71.51% [1]. - Cumulative losses over the past four and a half years amount to approximately 510 million yuan [1]. Business Segments - The gross margins for financial technology services, data center services, and artificial intelligence services decreased by 1.64%, 8.66%, and 14.53% respectively [2]. - Revenue from financial technology services plummeted by 47.45% to 109 million yuan [2]. Cash Flow and Financial Health - The net cash flow from operating activities showed a sharp decline of 54.78%, resulting in -253 million yuan [2]. - The decrease in cash flow is attributed to increased cash payments for goods and services [2]. Legal Issues - The company and its subsidiaries are involved in new undisclosed litigation and arbitration matters totaling approximately 216 million yuan, exceeding 10% of the latest audited net assets [2]. - These legal disputes may further strain the company's resources and operational focus [2]. Recommendations for Improvement - The company needs to analyze the reasons behind the decline in gross margins and revenue, optimize its business structure, and enhance the competitiveness of its core services [3]. - Improved cash flow management and efficient fund allocation are essential for stabilizing operations [3]. - Active engagement in legal matters is necessary to mitigate impacts on the company [3]. - Strengthening internal management and controlling operational expenses will be crucial for overcoming current challenges [3].