Market Overview - The Shanghai Composite Index closed at 4114.00 points, above the annual line, with a change of 0.29% [1] - The total trading volume of A-shares reached 27,322.16 million yuan [1] Stocks Breaking Annual Line - A total of 129 A-shares have surpassed the annual line today [1] - Notable stocks with significant deviation rates include: - Xinlicheng (8.92%) - Junzheng Group (8.59%) - Tiandi Online (7.60%) [1] Stock Performance Details - The following stocks showed notable performance: - Xinlicheng: Today's change of 9.83%, turnover rate of 9.53%, latest price at 2.57 yuan [1] - Junzheng Group: Today's change of 8.68%, turnover rate of 5.01%, latest price at 5.76 yuan [1] - Tiandi Online: Today's change of 9.99%, turnover rate of 7.71%, latest price at 20.26 yuan [1] - Other stocks with smaller deviation rates include: - Hemai Co., Ltd. - Wukuang Capital - Huadian Liaoning Energy [1]

Core Viewpoint - The company has approved the use of idle self-owned funds for cash management, allowing up to RMB 100 million for investment in financial products over a 12-month period, aiming to enhance fund utilization efficiency and maximize shareholder value [1]. Group 1: Cash Management Progress - The company has utilized RMB 20 million of idle self-owned funds to purchase structured deposits from CITIC Bank, which were redeemed at maturity, returning the principal of RMB 20 million along with a financial gain of RMB 79,584.66 [2]. Group 2: Investment Risk Analysis and Control Measures - The company acknowledges potential investment risks due to market volatility influenced by macroeconomic conditions and plans to intervene appropriately to safeguard fund security [3]. - To mitigate investment risks, the company will adhere to prudent investment principles, conduct thorough research on financial products, and select reputable issuers with strong operational capabilities [4]. - The finance department will continuously monitor the net value changes of the products and take necessary actions if risks affecting fund security or profitability are identified [4]. - The internal audit department will oversee the usage and custody of cash management products, while independent directors and the audit committee will have the authority to supervise fund usage and may engage professional firms for audits if necessary [5]. Group 3: Impact on Company Operations - The use of idle self-owned funds for cash management will not affect the normal operational funding needs of the company and its subsidiaries, while effectively improving fund utilization efficiency and providing better investment returns for the company and its shareholders [6]. Group 4: Historical Cash Management Usage - As of the announcement date, the company has a total of RMB 30 million in outstanding investments in financial products over the past 12 months, which remains within the authorized limit set by the board [6].

证券代码：002995 证券简称：天地在线 公告编号：2026-003 北京全时天地在线网络信息股份有限公司 关于使用闲置自有资金进行现金管理的进展公告 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、误导性陈述或者重大遗漏。 北京全时天地在线网络信息股份有限公司（简称"公司"或"天地在线"）于 2025 年 4 月 18 日召开第四届董事会第二次会议审议通过了《关于使用闲置自有 资金进行现金管理的议案》，同意公司（含全资子公司、控股子公司）在确保不 影响公司正常经营的前提下使用额度不超过人民币 10,000 万元的闲置自有资金 进行现金管理，有效期为自董事会审议通过之日起 12 个月。在前述额度和期限 范围内，进行现金管理的资金可滚动使用。同时授权董事长或董事长授权人员负 责投资决策权并签署相关法律文件，由财务部门负责具体组织实施。具体内容详 见公司于 2025 年 4 月 19 日刊登于巨潮资讯网（www.cninfo.com.cn）的《关于使 用闲置自有资金进行现金管理的公告》。 一、 使用闲置自有资金购买理财产品到期赎回的情况 公司本着股东利益最大化原则，使用闲置自有资金 2 ...

Core Viewpoint - Tian Di Online (002995.SZ) experienced a decline of 3.78%, closing at 19.34 yuan, with a market capitalization of less than 3.5 billion yuan due to a contract fraud incident involving its subsidiary [1] Group 1: Company Developments - The company announced that its subsidiary, Quan Shi Share, signed three promotional service cooperation contracts to provide marketing planning and execution services [1] - During the execution of these contracts, it was discovered that a project liaison from the client, Xie Sifan, was suspected of contract fraud involving an amount of 55.0853 million yuan [1] - Quan Shi Share has reported the case to the authorities, and the case has been accepted for investigation [1] Group 2: Financial Impact - The company has managed to recover 15.8693 million yuan of the defrauded amount [1] - The progress and outcome of the case remain uncertain, which may impact the company's financial standing [1]

Core Viewpoint - Tian Di Online (002995) reported a contract fraud incident involving its subsidiary, Beijing Quanshi Sharing Technology Co., Ltd., with a total amount of 55.09 million yuan [1][3]. Group 1: Incident Details - The subsidiary discovered that project liaison personnel, Xie Saifan and accomplices, were suspected of contract fraud [1]. - A police report was filed with the Chaoyang Branch of Beijing Public Security Bureau, and the case has been accepted [3]. - The company has established a special task force for investigation, recovery, and risk management, having recovered 15.87 million yuan so far [3]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported revenue of 907 million yuan, a year-on-year decline of 17.5% [3]. - The net profit attributable to shareholders worsened from a loss of 31 million yuan in the previous year to a loss of 44.35 million yuan [3]. - The operating cash flow net amount was -95.85 million yuan, a decrease of 48.5% year-on-year [3]. Group 3: Quarterly Performance - In the third quarter, the company’s revenue was 253 million yuan, down 32.2% year-on-year [4]. - The net profit attributable to shareholders increased from a loss of 8.62 million yuan to a loss of 10.92 million yuan [4]. - The earnings per share (EPS) for the third quarter was -0.0615 yuan [4]. Group 4: Asset and Equity Status - As of the end of the third quarter, the company’s total assets were 1.18 billion yuan, a decrease of 3.6% from the end of the previous year [5]. - The net assets attributable to shareholders were 888 million yuan, down 4.8% from the end of the previous year [5].

Focus Events - Some large and medium-sized brokerages have exhausted their margin financing funds, despite many brokerages raising the upper limit of margin financing last year. The current market sentiment is high, and the willingness to finance is unprecedented, leading to a situation where not only one brokerage's margin financing quota is no longer sufficient, but brokerages may also intentionally slow down liquidity release for risk control considerations [1] Company Focus - Qifu Life Service Holdings Limited announced the completion of the sale of 280,000 ounces of unallocated silver bars, receiving approximately RMB 161.7 million. This follows a previous announcement on January 9, where the company sold 400,000 ounces for about RMB 226.2 million. In total, Qifu has sold 21.15 tons of silver, generating proceeds of RMB 388 million [3] - CITIC Securities expects to achieve an operating income of RMB 74.83 billion in 2025, a year-on-year increase of 28.75%, and a net profit attributable to shareholders of RMB 30.05 billion, up 38.46% [19] - Aerospace Hongtu has disclosed a pre-loss announcement, expecting a net profit attributable to shareholders to be negative for the 2025 fiscal year [21] - Hu Silicon Industry has released a 2025 annual performance forecast, expecting a net loss of RMB 1.28 billion to RMB 1.53 billion, widening from a loss of RMB 971 million in the previous year [23] - Dayou Energy announced an expected net loss of RMB 1.7 billion for 2025, which represents an increase in loss of approximately RMB 609 million compared to the previous year [24] - CITIC Bank reported total assets of RMB 10.131658 trillion by the end of 2025, a year-on-year increase of 6.28%. The bank achieved a net profit of RMB 70.62 billion, up 2.98% from the previous year [26] - Wuzhong Development disclosed a major asset restructuring plan, proposing to exchange its main assets and liabilities with its controlling shareholder, Wuzhong Co., for 100% equity of Wuzhong Mining and 100% equity of Luzhong Mining [28] - Huibo Technology announced that its controlling shareholder plans to transfer 341 million shares, representing 25.6% of the total share capital, to Tianjin Baili Machinery Equipment Group Co., Ltd. The transfer price is approximately RMB 1.175 billion [29] Industry Dynamics - The U.S. announced a 25% import tariff on certain semiconductors and related products starting January 15 [14] - The China Automobile Industry Association predicts that total automobile sales in 2026 will reach 34.75 million units, with new energy vehicle sales expected to be 19 million units [14] - A meeting was held by the Ministry of Industry and Information Technology and other departments to discuss the regulation of competition in the new energy vehicle industry, emphasizing the need to resist disorderly price wars [14] - Huawei regained the top position in China's smartphone market share, with the latest IDC report indicating that Huawei led the market in 2025 [17]

Summary of Key Points Core Viewpoint - The company has reported a case of contract fraud involving a total amount of 55.0853 million yuan, which has been reported to the police and is currently under investigation [1]. Group 1: Incident Overview - The company's subsidiary, Beijing Quanshi Sharing Technology Co., Ltd., signed three promotional service cooperation contracts in July and August 2025 [1]. - During the execution of these marketing services, the company discovered that a project liaison from the client, Xie Saifan, and his accomplices were suspected of fraud [1]. - The company has filed a report with the Chaoyang Branch of the Beijing Public Security Bureau, and the case has been accepted with a registration number [1]. Group 2: Management Response - The management has established a special task force to investigate the incident, manage aftermath, and control risks, successfully recovering 15.8693 million yuan so far [2]. - The company plans to enhance internal control management, focusing on partner qualification reviews, contract approvals, performance supervision, and payment approval processes to identify and rectify potential risks [2]. - The company will cooperate with the police investigation and take measures to recover losses while ensuring compliance with legal disclosure obligations [2].

Core Viewpoint - The announcement reveals that Tian Di Online's subsidiary, Quan Shi Sharing, has signed three promotional service cooperation contracts with clients, but has encountered a case of suspected contract fraud involving a project liaison and accomplices, amounting to 55.0853 million yuan [1] Group 1 - Tian Di Online's subsidiary, Quan Shi Sharing, signed three contracts for marketing planning and execution services scheduled for July and August 2025 [1] - The fraud case involves a project liaison named Xie Saifan and associates, with a total suspected fraud amount of 55.0853 million yuan [1]

Group 1 - CITIC Securities is projected to achieve revenue of 74.83 billion yuan and a net profit of 30.05 billion yuan in 2025, reflecting a year-on-year growth of 28.75% and 38.46% respectively [4] - Yipin Hong expects a net loss of 313 million to 442 million yuan in 2025, an improvement from a loss of 540 million yuan in the previous year, due to a decline in product sales and gross margin [2] - Jiamai Packaging anticipates a net profit of 85.44 million to 104 million yuan in 2025, a decrease of 43.02% to 53.38% compared to the previous year, attributed to fewer days in the peak season for the beverage industry [3] Group 2 - Jin Haitong forecasts a net profit of 160 million to 210 million yuan in 2025, representing a significant increase of 103.87% to 167.58% year-on-year, driven by growing demand in the semiconductor packaging and testing equipment sector [3] - Jinyu Group expects a net loss of 900 million to 1.2 billion yuan in 2025, widening from a loss of 555 million yuan in the previous year, as both its building materials and real estate businesses are in a downturn [3] - Beichen Real Estate anticipates a net loss of 2.68 billion to 3.31 billion yuan in 2025, primarily due to underperformance in real estate project sales [4]

Core Viewpoint - Tian Di Online (002995) disclosed a significant event regarding its subsidiary being involved in a contract fraud case, with an amount of 55.0853 million yuan involved [1][5]. Group 1: Incident Details - The incident is described as an isolated event and is not expected to have a significant adverse impact on the company's normal operations [2][7]. - The subsidiary, Beijing Quanshi Sharing Technology Co., Ltd. (referred to as "Quanshi Sharing"), signed three promotional service contracts with clients between July and August 2025, during which fraud was discovered involving project liaison personnel [2][7]. - The company has reported the case to the Chaoyang District Public Security Bureau in Beijing and received a case acceptance receipt on January 14, 2026 [2][7]. - The management has established a special task force to conduct investigations and risk management, successfully recovering 15.8693 million yuan so far [2][7]. Group 2: Financial Performance - Tian Di Online has been facing continuous performance pressure, with net profit and attributable net profit declining from 2021 to 2024 [3][8]. - The company reported consecutive losses in 2023 and 2024, with the attributable net profit loss reaching 67.54 million yuan in 2024, and a loss of 44.35 million yuan in the first three quarters of 2025 [3][8]. - The company is actively seeking business innovation and aims to enhance its operations around digital marketing and digital content services to achieve sustainable development [3][8].