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Group 1 - The company expects a net profit to be negative for the period from January 1, 2025, to June 30, 2025 [1] - The performance forecast is based on preliminary calculations by the company's finance department and has not been audited [2] - The main reason for the performance change is attributed to the acquisition of Beijing Kaike Weishi Technology Co., Ltd., which has led to increased intermediary fees and losses in the gold T+D deferred trading business due to short-term fluctuations in gold prices [1] Group 2 - The company anticipates non-recurring gains and losses to impact the performance, with an estimated effect of between -34 million to -38 million yuan [1] - The company expects a net profit, excluding non-recurring items, to be between 10 million to 14 million yuan, indicating a turnaround from a loss in the same period last year [1]

[Performance Forecast Overview](index=1&type=section&id=Item%201.%20Current%20Period%20Performance%20Forecast) The company forecasts a net loss attributable to shareholders of RMB 20 million to RMB 32 million for H1 2025, yet anticipates a net profit of RMB 10 million to RMB 14 million after non-recurring items, signaling core business improvement Key Performance Indicators | Item | Current Reporting Period | Prior Year Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Loss: RMB 20 million – RMB 32 million | Loss: RMB 3.7253 million | | **Net Profit After Non-Recurring Items** | Profit: RMB 10 million – RMB 14 million | Loss: RMB 9.8668 million | | **Basic Earnings Per Share** | Loss: RMB 0.0075/share – RMB 0.0120/share | Loss: RMB 0.0014/share | [Analysis of Performance Changes](index=1&type=section&id=Item%203.%20Explanation%20of%20Performance%20Changes) Performance changes are primarily due to negative impacts from non-recurring items, especially gold T+D deferred trading losses, though core business profitability improved despite acquisition-related costs - During the reporting period, the company completed the acquisition of Beijing Kaike Weishi Technology Co Ltd, consolidating it from Q2, which promoted the steady development of gold jewelry retail and software and information technology services businesses[4](index=4&type=chunk) - Key negative factors contributing to the current period's net loss include increased intermediary fees from the acquisition and losses from gold T+D deferred trading due to short-term gold price fluctuations[4](index=4&type=chunk) - The company's performance change primarily stems from non-recurring items, with an estimated impact of **RMB -34 million to RMB -38 million**, mainly from gold T+D deferred trading losses[4](index=4&type=chunk) - Although net profit attributable to shareholders is negative, net profit after non-recurring items is projected to be **RMB 10 million to RMB 14 million**, achieving a turnaround from the prior year, indicating improved core business profitability[2](index=2&type=chunk)[4](index=4&type=chunk) [Audit Status and Risk Warning](index=1&type=section&id=Item%202.%20Pre-Audit%20Status%20of%20Performance%20Forecast) This performance forecast is a preliminary, unaudited estimate by the company's finance department, with final data contingent on the official 2025 semi-annual report, advising investors of inherent risks - This performance forecast has not been audited by an accounting firm[3](index=3&type=chunk) - The company explicitly states this forecast is a preliminary estimate by the finance department, with final data subject to the 2025 semi-annual report, advising investors to exercise caution[5](index=5&type=chunk)

Core Viewpoint - Jin Yi Culture (002721) expects a net loss attributable to shareholders of the listed company between 20 million to 32 million yuan for the period from January 1, 2025, to June 30, 2025, compared to a loss of 3.7253 million yuan in the same period last year [1] Financial Performance Summary - The net profit after deducting non-recurring gains and losses is projected to be between 10 million to 14 million yuan, improving from a loss of 9.8668 million yuan in the same period last year [1] - The basic earnings per share are expected to be a loss of 0.0075 yuan to 0.012 yuan, compared to a loss of 0.0014 yuan per share in the same period last year [1]

Group 1 - The core strategy of the company is to drive growth through a dual business model, focusing on both traditional gold and jewelry retail and information technology services [1][2] - The traditional gold and jewelry segment targets the mid to high-end market with a competitive pricing strategy, emphasizing value for money [1] - The company aims to enhance store efficiency by improving brand management and developing distinctive products that reflect its unique brand identity [1] Group 2 - After acquiring Kaike Weishi, the information technology segment has become a strategic focus, with the company leveraging Kaike Weishi's expertise in financial technology [2] - Kaike Weishi has established itself as a leader in the fintech sector, serving over 200 banking clients and excelling in wealth management solutions and payment clearing services [2] - The integration of AI applications and blockchain technology into the company's offerings is expected to drive future growth, particularly in digital currency and AI finance [2]

Core Viewpoint - On July 10, the Shanghai Composite Index rose by 0.48%, the Shenzhen Component Index increased by 0.47%, and the ChiNext Index went up by 0.22%, indicating a positive market trend for the day [1] Group 1: Stock Performance - Zhongke Jincai (002657.SZ) saw the highest net inflow of funds, amounting to 312 million yuan, which accounted for 8.53% of its total trading volume, and its stock price increased by 10% with a turnover rate of 35.03% [1][3] - The stock with the largest net outflow was Jinyi Culture (002721.SZ), which experienced a net sell-off of 179 million yuan, representing 5.4% of its total trading volume, and its stock price fell by 8.16% with a turnover rate of 26.57% [1][4] Group 2: Institutional Activity - A total of 27 stocks appeared on the trading list, with institutions participating in 12 stocks, resulting in a net purchase of 51.11 million yuan [4][5] - The stock with the highest institutional net purchase was Jingao Technology (002459.SZ), which rose by 9.96% and had a turnover rate of 6.48% [5][6] Group 3: Northbound Capital - Northbound funds participated in 18 stocks, with a total net purchase of 364 million yuan, where the highest net purchase was also in Zhongke Jincai, amounting to 136 million yuan [9][12] - The stock with the largest net sell-off by northbound funds was Zhongjing Electronics (002579.SZ), with a net outflow of 46.33 million yuan, and it closed down by 10.01% [9][12] Group 4: Divergence in Institutional and Northbound Funds - There were discrepancies between institutional and northbound fund activities in several stocks, such as Longyang Electronics, where institutions sold 5.22 million yuan while northbound funds bought 57.98 million yuan [12][13] - In the case of Jingao Technology, institutions net bought 132.4 million yuan while northbound funds net sold 29.15 million yuan [12][13]

Core Viewpoint - Jin Yi Culture (002721.SZ) has accumulated relevant technology and experience in payment clearing business through its subsidiary, Kaike Weishi, which can be adjusted for stablecoin business [1] Group 1: Business Perspective - Kaike Weishi possesses technical capabilities and experience in payment clearing related to stablecoin business [1] - The company is open to making detailed adjustments to the architecture of its stablecoin technology [1] Group 2: IT Technology Perspective - Kaike Weishi has blockchain technology reserves that are compatible with stablecoin-related technologies [1] - The company cannot predict the time frame for changes in the stablecoin industry but will actively monitor developments [1]

Group 1: Business Strategy and Operations - The company operates with a dual business model focusing on traditional gold and jewelry retail and information technology services, with both lines performing well [3] - The retail strategy emphasizes core business districts and high-efficiency store operations, with a focus on mid to high-end markets while maintaining affordability [3] - The company plans to enhance store profitability through brand management and unique product design, leveraging the historical significance of the "越王" brand established in 1901 [3] Group 2: Financial Performance and Projections - The acquisition of 开科唯识 is expected to yield net profits of no less than 66.6 million CNY, 75.6 million CNY, and 85.6 million CNY for the years 2025, 2026, and 2027 respectively [3] - Fluctuations in gold prices impact sales; high prices may dampen consumer purchasing, while lower prices can lead to increased interest in investment products [3] Group 3: Market Position and Future Plans - The company is exploring partnerships beyond the banking sector, having previously assisted major banks in developing financial systems, and aims to expand its non-bank client base [4] - The local government is supportive of 开科唯识's growth post-acquisition, facilitating communication with large enterprises for future collaboration opportunities [4] Group 4: Employee and Operational Stability - 开科唯识 currently employs over 1,800 staff members, indicating a stable workforce, with ongoing recruitment to meet project demands [3]

Group 1 - The digital currency sector experienced a decline of 1.11%, ranking among the top declines in concept sectors, with companies like Zhongyi Technology, Sifang Jingchuang, and Jinyi Culture showing significant drops [1] - Among the digital currency concept stocks, 32 stocks saw price increases, with Zhongke Jincai, Zhongyou Capital, and Cuiwei Co., Ltd. leading the gains at 10.00%, 6.15%, and 4.26% respectively [1][4] - The digital currency concept sector faced a net outflow of 2.221 billion yuan, with 69 stocks experiencing net outflows, and 12 stocks seeing outflows exceeding 100 million yuan [2] Group 2 - The top stocks with net outflows in the digital currency sector included Sifang Jingchuang with a net outflow of 573 million yuan, followed by Jinyi Culture, Jingbeifang, and Xinguodu with outflows of 367 million yuan, 344 million yuan, and 262 million yuan respectively [2][3] - Conversely, the stocks with the highest net inflows included Zhongyou Capital, Zhongke Jincai, and Shenzhou Information, attracting net inflows of 859 million yuan, 676 million yuan, and 139 million yuan respectively [2][4] - The digital currency concept sector's performance was contrasted with other sectors, such as Silicon Energy, which rose by 3.39%, and Trust Concept, which increased by 2.07% [2]

New Stock Listings - The new stock "同宇新材" (code: 301630) is listed at an issue price of 84 on July 10, 2025[1] - "中程退" (code: 300208) and "退市锦港" (code: 600190) have 6 trading days remaining until their last trading day[1] - "恒立退" (code: 000622) has 3 trading days remaining until its last trading day[1] Delisting and Trading Alerts - "退市九有" (code: 600462) has 2 trading days remaining until its last trading day[1] - "工智退" (code: 000584) will have its last trading day on July 10, 2025[1] - "美迪西" (code: 688202) is listed with no specific trading alerts mentioned[1] Market Volatility - "北方长龙" (code: 301357) has been flagged for severe abnormal fluctuations[1] - "浙江东日" (code: 600113) and "诺德股份" (code: 600110) have also been noted for abnormal trading activities[1] - "长春一东" (code: 600148) is included in the list of stocks with trading alerts[1]