Summary of Conference Call on Digital Currency Developments Industry Overview - The conference call focused on the developments in the digital currency sector, particularly the digital renminbi (RMB) in China, highlighting the importance of its underlying financial infrastructure and recent policy changes by the People's Bank of China (PBOC) [3][5]. Key Points and Arguments 1. **Policy Changes and Emphasis on Digital RMB** - The PBOC has emphasized the steady development of digital RMB as a key goal, with several important policies introduced, including revisions to the cross-border payment system rules and financial support for infrastructure projects [3][5]. 2. **Company's Early Involvement and Advantages** - The company has a first-mover advantage in the digital RMB space, having participated in system construction since 2016, covering various business scenarios including corporate and personal applications [5][6]. 3. **Implementation in Existing Institutions** - The implementation of digital RMB in existing institutions involves transitioning off-balance sheet assets to on-balance sheet, with the company deeply involved in over 30 system renovation projects for major state-owned banks [7]. 4. **Focus on Cross-Border Payments** - Future development of digital RMB will prioritize cross-border payments, integrating with SWIFT to enhance efficiency and reduce costs, positioning it as a primary channel for cross-border transactions [8]. 5. **Investment Projections** - Each new operating institution is expected to increase R&D investment by approximately 1,000 person-months, with some banks projected to invest over 50 million yuan per project, indicating a sustained high level of investment from the company [9]. 6. **Transition to Digital RMB 2.0** - The transition from M0 (cash) to M1 (deposits) in digital RMB 2.0 allows it to enter banks' balance sheets, impacting their liabilities and incentivizing banks to promote its use [10]. 7. **Technological Enhancements** - Digital RMB 2.0 incorporates blockchain technology and a dual-layer operational architecture, improving security and efficiency, particularly in cross-border payments [12]. 8. **Competitive Advantages Over Existing Payment Tools** - Unlike WeChat and Alipay, which serve primarily as payment channels, digital RMB offers a complete account system and is expected to expand its application scenarios domestically and internationally, especially along the Belt and Road Initiative [13]. 9. **Government Incentives for Adoption** - The government has implemented various incentives to promote digital RMB usage, including assessments of banks based on account openings and deposit balances, which are expected to drive transaction volume and necessitate system upgrades [14]. Additional Important Content - The company is actively involved in the transformation of banking systems to accommodate digital RMB, which is expected to enhance user experience and financial institutions' willingness to adopt the currency [12][14].

Core Insights - The company is a key player in the digital RMB sector, having established a comprehensive product matrix and technical reserves for various application scenarios [1][3] - Recent policy changes have expanded the positioning of digital RMB from M0 cash to M1 and beyond, allowing it to function as a digital deposit with interest-earning capabilities, thus enhancing banks' commercial incentives [2][4] - The company is actively involved in the construction of digital RMB ecosystems, collaborating with major state-owned banks and providing technical support for cross-border payment systems [1][3] Group 1: Company Overview - The company has early involvement and expertise in the digital RMB field, with a strong focus on business expansion and project development [1][3] - It has built a team of experts and developed a product matrix that covers multiple scenarios, including smart contracts, digital wallets, and third-party payment systems [1][3] - The company supports various sectors such as consumer services, government services, financing, and cross-border payment settlements [1][3] Group 2: Policy Changes and Implications - The recent digital RMB policy marks a significant shift in its classification, transitioning from a "digital currency" to a "digital deposit," which enhances its functionality and application scope [2][4] - This change is expected to stimulate banks' engagement and innovation in financial products, particularly in the corporate service sector [4] - The digital RMB's integration into the "Belt and Road" initiative has already led to practical applications in cross-border payments [2][4] Group 3: Competitive Advantages - Compared to WeChat and Alipay, digital RMB offers a more robust account system, making it advantageous for corporate services and cross-border payments [5][6] - Its strengths in cross-border transactions include real-time exchange rate settlements and seamless currency conversion, which enhance efficiency and security [6] - The digital RMB's model reduces reliance on traditional clearing mechanisms, thus improving transaction speed and cost-effectiveness [6] Group 4: Future Prospects and Collaborations - The company is in discussions with potential institutions for expanding the issuance of digital RMB, which is expected to drive IT system construction demands [7] - Non-issuing banks will need to adapt their IT systems to connect with the digital currency framework, with costs varying by project scale [7] - The company aims to maintain a broad client base, including major commercial banks and regulatory bodies, while continuing to explore new user acquisition opportunities [8]

Group 1: Company Overview and Digital Currency Business - The company is an early participant and core service provider in the digital RMB sector, with extensive system construction experience and a developed expert team [3] - It has established a product matrix and technical reserves covering various scenarios for digital RMB applications, including smart contracts and third-party payments [3] - The company is involved in the construction of key digital RMB systems for several state-owned banks, enhancing its position in the digital currency ecosystem [3] Group 2: Policy Changes and Market Impact - Recent policy changes have expanded the positioning of digital RMB from M0 cash to M1, allowing it to function as a deposit asset, which enhances banks' operational incentives [4] - The operational layer's access mechanism is being relaxed, allowing more institutions to participate, which is expected to expand the ecosystem and create a magnifying effect [4] - Digital RMB is transitioning from cash replacement to a comprehensive model of "account + payment," aligning with national strategies for financial strength and RMB internationalization [4] Group 3: Competitive Advantages - Digital RMB offers advantages over WeChat and Alipay by supporting a true account system and a wider range of financial products, particularly in corporate services and cross-border payments [4] - In cross-border transactions, digital RMB provides real-time exchange rate settlements and seamless currency conversion, improving transaction speed, cost, and reliability [4] Group 4: Expansion and IT Infrastructure - The company is in discussions with potential expansion institutions for digital RMB issuance, which is expected to drive IT system construction demand and create new business opportunities [5] - Non-designated digital RMB banks must upgrade their IT systems to connect with operational institutions for cross-border business, with costs varying by project scale [5] - The company anticipates a broad customer base, including major commercial banks and regulatory bodies, and aims to expand its market share in digital currency operations [5]

京北方信息技术股份有限公司 特此公告。 京北方信息技术股份有限公司董事会 二〇二六年一月五日 附件： 连轻先生，1988 年生，中国国籍，无境外永久居留权。2010 年毕业于厦门 大学电子信息科学与技术专业，获学士学位。历任青岛海信电器股份有限公司福 州经营分公司销售主管，福建升腾资讯有限公司销售总监，福建新大陆自动识别 技术有限公司大客户经理，公司高级客户经理、华北二区总经理。现任公司销售 中心总监兼中南区总经理。 连轻先生持有公司 2023 年股票期权与限制性股票激励计划已获授但未至行 权期的股票期权 84,085 份。与公司控股股东、实际控制人、持有公司 5%以上股 份的股东以及公司其他董事、高级管理人员之间均不存在关联关系；不存在《公 司法》第一百七十八条规定的情况，未受过中国证监会或其他有关部门的处罚和 证券交易所的惩戒。不存在因涉嫌犯罪被司法机关立案侦查或者涉嫌违法违规被 中国证监会立案调查的情形，不属于失信被执行人。 关于聘任公司副总经理的公告 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。 京北方信息技术股份有限公司（以下简称"公司"）于 20 ...

证券代码：002987 证券简称：京北方 公告编号：2026-001 京北方信息技术股份有限公司 第四届董事会第十三次会议决议公告 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、董事会会议召开情况 经公司总经理费振勇先生提名，提名委员会审核，聘任连轻先生为公司副总 经理，任期自本次董事会审议通过之日起至第四届董事会届满之日止。 具体内容详见公司同日于巨潮资讯网（www.cninfo.com.cn）披露的《关于 聘任公司副总经理的公告》（公告编号：2026-002）。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 该议案已经提名委员会审议通过。 三、备查文件 1、第四届董事会第十三次会议决议； 2、第四届董事会提名委员会第三次会议决议。 京北方信息技术股份有限公司（以下简称"公司"）于 2025 年 12 月 25 日 以口头及电话通知方式，发出了关于召开公司第四届董事会第十三次会议的通知， 本次会议于 2025 年 12 月 31 日以现场结合通讯方式召开。会议由公司董事长费 振勇先生主持，应出席董事 9 人，实际出席董事 9 人，公司全体高级管 ...

Investment Rating - The industry investment rating is "Overweight" indicating a positive outlook for the digital currency sector compared to the overall market performance [8]. Core Insights - The People's Bank of China has introduced an action plan to enhance the management and service system for digital currency, set to be implemented on January 1, 2026. This plan redefines digital currency from M0 to M1, integrating it into the reserve system and allowing interest payments on digital currency wallet balances [2]. - The action plan emphasizes a hybrid model combining account-based management and blockchain efficiency, highlighting the importance of compliance and regulation [2]. - With the M1 positioning, both individuals and commercial banks are incentivized to adopt and promote digital currency, enhancing its security and convenience compared to traditional electronic payments [2]. - The government is actively promoting cross-border digital currency payments, with initiatives such as the establishment of an international operation center in Shanghai and the launch of a cross-border digital payment platform [2]. - Various local governments are implementing measures to encourage the use of digital currency, such as issuing coupons and integrating it with cultural activities, indicating a strong push towards building a digital currency ecosystem [2]. Summary by Sections Regulatory Developments - The central bank's action plan includes integrating digital currency into the reserve system, allowing banks to pay interest on digital currency wallet balances, thus treating it similarly to deposits [2]. Market Dynamics - The shift to M1 is expected to motivate banks and individuals to engage more with digital currency, enhancing its usability and attractiveness [2]. Government Initiatives - The government is focusing on cross-border payment solutions and has launched several platforms to facilitate digital currency transactions, aiming to reduce transaction times significantly [2]. Related Companies - Companies involved in the digital currency ecosystem include those updating banking IT systems (e.g., Newland, Sifang Jingchuang), promoting payment solutions (e.g., Lakala), and hardware wallet providers (e.g., GDT, Feitian Integrity) [2][3].

Group 1 - The digital currency industry is experiencing a positive surge, with related stocks in the A-share market collectively rising, including notable gains from companies like Cuiwei Co., Ltd. and Digital Certification [1] - The People's Bank of China announced the implementation of a new action plan for the digital renminbi, set to launch on January 1, 2026, marking a transition from digital cash to digital deposit money [2][3] - The action plan aims to reshape the monetary attributes and operational logic of the digital renminbi, enhancing its role in the financial ecosystem and encouraging banks to actively participate in its development [2][3] Group 2 - The action plan is expected to provide financial institutions with innovative tools and business models, improving payment services and expanding applications in cross-border trade and supply chain finance [3] - The digital renminbi is anticipated to reduce transaction costs and improve operational efficiency for businesses, particularly benefiting small and micro enterprises [3] - Over 50 companies in the A-share market are already engaged in digital renminbi-related businesses, primarily in the computer, communication, and electronics sectors, presenting long-term investment opportunities driven by policy and industry implementation [3]

Group 1 - The cross-border payment and digital currency sectors showed active performance at the beginning of trading, with Cuiwei Co., Ltd. hitting the daily limit [1] - Feitian Integrity and Lakala both rose over 4%, indicating strong investor interest in these companies [1] - Other companies such as Jingbeifang, Sifang Jichuang, and Chutianlong also experienced upward movement, reflecting a broader trend in the sector [1]

Summary of Conference Call on Digital RMB and Related Companies Industry Overview - The conference call discusses the development and implications of Digital RMB, highlighting its transition from digital cash to digital deposit currency, which is expected to enhance user willingness to adopt it. By the end of November 2025, the cumulative transaction amount is projected to reach 17 trillion yuan, with 230 million wallets created, indicating strong governmental support for its promotion [1][2]. Key Points and Arguments 1. **Digital RMB Implementation**: A new management service system and financial infrastructure for Digital RMB will be officially implemented on January 1, 2026. This includes a significant change where wallet balances will earn interest like demand deposits, marking a shift to a digital deposit currency era [2][4]. 2. **Impact on Payment Service Providers**: Companies like Newland, Newland, Lakala, and Lianlian Technology are expected to benefit from the Digital RMB ecosystem, particularly in domestic acquiring and cross-border payment sectors. They will need to manage wallets, build payment platforms, and upgrade financial equipment [1][4][6]. 3. **Bank IT System Development**: IT system construction companies such as Sifang Jichuang, Xincheng Technology, Jingbeifang, Yuxin Technology, and Changliang Technology will participate in the necessary system upgrades for operational institutions, including clearing and settlement systems, leading to new order increments [1][4][6]. 4. **Stablecoins vs. Digital RMB**: While stablecoins and Digital RMB share technological similarities, they differ in policy environments. The Chinese government is focused on promoting Digital RMB to replace cash and enhance efficiency, while stablecoin development is still ongoing in regions like Hong Kong [1][4]. 5. **Long-term Investment Opportunities**: The Digital RMB sector presents high cost-effectiveness, with recommendations to focus on companies in bank IT systems, financial equipment, hardware wallets, and the acquiring and cross-border payment sectors, such as Sifang Jichuang, Guodian Yuntong, and Newland [3][9]. Additional Important Insights - **Cross-Border Payment Trends**: The acquiring industry is shifting towards cross-border payments and AI applications. Newland has launched cross-border payment services in Southeast Asia and is applying for licenses in the U.S. and Hong Kong, indicating significant growth potential [3][7]. - **Company Developments**: Newland is collaborating with Alibaba Cloud to develop a specialized model for the payment industry, while Newland has established a sub-brand, Pay Car, focusing on cross-border and overseas acquiring services. Lakala is expanding its cross-border payment business through acquisitions and has achieved substantial transaction volumes in regions like Singapore and Japan [7][8]. - **Future Demand for IT Systems**: The promotion of Digital RMB will create new business opportunities for bank IT system providers, as many financial institutions will need to upgrade their systems to accommodate the new digital currency [6][9]. This summary encapsulates the key insights from the conference call regarding the Digital RMB and its implications for various industries and companies involved in its ecosystem.

| 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002261 | 拓维信息 | 16.4514 | 27.99% | -8.09 Z | -13.77% | -8.36 Z | -14.23% | | 600602 | 云赛智联 | 1.48 Z | 18.89% | -3151.65万 | -4.01% | -1.17 Z | -14.88% | | 300348 | 长亮科技 | 9691.55万 | 13.72% | -1097.97万 | -1.55% | -8593.57万 | -12.17% | | 300468 | 四方精创 | 8294.58万 | 2.03% | 679.15万 | 0.17% | -8973.73万 | -2.19% | | 002987 | 京北方 | 7431.39万 | 8.90% | 869.52万 | 1.04% | -8300.91万 | -9.94% | | 600 ...