经济观察网 银之杰（300085）发布2025年度业绩预告，预计全年归母净利润亏损1.1亿元至1.4亿元，若 最终确认将连续第五年亏损。亏损主因是金融信息技术业务收入下降约35.94%、移动信息服务业务收 入下降约30.94%，以及计提无形资产减值、股份支付费用（影响约-2740万元）和战略投资东亚前海证 券亏损（影响约-1560万元）所致。唯一亮点是电子商务业务收入增长约15.49%，但不足以抵消整体下 滑。 机构观点 机构对银之杰关注度较低，最新舆情偏中性，无近期调研记录。盈利预测方面，有机构预计2025年净利 润为7100万元，但与公司业绩预告的亏损状态存在显著分歧。基金持股比例仅0.04%，市场情绪谨慎。 以上内容基于公开资料整理，不构成投资建议。 股票近期走势 2026年2月5日，银之杰股价逆势上涨2.15%，单日成交金额达13.98亿元，换手率5.39%，显示短期资金 关注度较高。但此后股价回调，截至2月11日收盘价38.66元，较2月5日下跌3.18%，近20日跌幅达 17.95%，弱于大盘和行业指数。当前技术面显示股价处于布林带下轨36.71元附近震荡，压力位在43.85 元。 公司结构与治理 ...

Group 1 - The core viewpoint of the article highlights the performance of the Telecom ETF Huatai (560300), which opened with a gain of 1.29% at 2.040 yuan [1] - Major holdings in the ETF showed varied performance, with China Mobile up 0.06%, China Unicom up 0.41%, China Telecom up 0.35%, and China Satcom up 2.09% [1] - Notable gainers included Zhongji Xuchuang up 3.89%, Yinzhijie up 0.59%, Xinyi Sheng up 4.37%, ZTE up 1.35%, Tianfu Communication up 9.50%, and Zhongtian Technology up 4.75% [1] Group 2 - The performance benchmark for the Telecom ETF Huatai is the CSI Telecom Theme Index return [1] - The fund is managed by Huatai Fund Management Co., Ltd., with manager Wei Lizhu [1] - Since its establishment on December 5, 2023, the fund has achieved a return of 101.53%, while the return over the past month has been -5.46% [1]

（文章来源：证券日报） 证券日报网讯 2月3日，银之杰在互动平台回答投资者提问时表示，截至2026年1月30日，公司股东人数 为111848户。 ...

来源：新浪基金∞工作室 电信ETF汇添富（560300）业绩比较基准为中证电信主题指数收益率，管理人为汇添富基金管理股份有 限公司，基金经理为何丽竹，成立（2023-12-05）以来回报为105.17%，近一个月回报为0.12%。 2月3日，电信ETF汇添富（560300）开盘跌0.15%，报2.045元。电信ETF汇添富（560300）重仓股方 面，中国移动开盘涨0.00%，中国联通涨0.62%，中国电信涨0.00%，中国卫通涨1.97%，中际旭创涨 2.71%，银之杰涨0.73%，新易盛涨4.10%，中兴通讯涨1.08%，天孚通信涨5.66%，中天科技涨1.77%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 ...

来源：新浪基金∞工作室 电信ETF汇添富（560300）业绩比较基准为中证电信主题指数收益率，管理人为汇添富基金管理股份有 限公司，基金经理为何丽竹，成立（2023-12-05）以来回报为110.98%，近一个月回报为3.69%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 2月2日，电信ETF汇添富（560300）开盘跌0.47%，报2.100元。电信ETF汇添富（560300）重仓股方 面，中国移动开盘跌3.40%，中国联通跌2.35%，中国电信跌3.33%，中国卫通涨0.79%，中际旭创跌 2.16%，银之杰跌0.70%，新易盛涨9.00%，中兴通讯跌0.73%，天孚通信涨0.54%，中天科技涨0.67%。 ...

01． 业绩连续数年亏损，核心业务持续承压 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 1月22日，银之杰（300085.SZ）发布2025年度业绩预告，预计全年归母净利润亏损1.1亿元至1.4亿元， 若最终亏损幅度获财报确认，这将是公司自2021年以来连续第五年陷入亏损。 证券之星注意到，公司2025年第四季度单季亏损较前三季度亏损进一步扩大。与此同时，公司已进 入"无控股股东、无实际控制人"状态，战略决策稳定性面临严峻考验。 从金融IT龙头到亏损"钉子户"，银之杰的发展困局既是传统金融科技企业转型阵痛的缩影，也暴露出公 司在治理、战略与股权层面的深层难题。 1月22日晚间，银之杰发布业绩预告称，预计2025年归母净利润亏损1.4亿元至1.1亿元，去年同期亏损 1.29亿元；预计扣非净利润亏损1.58亿元至1.28亿元，去年同期亏损1.31亿元。 此前在2025年前三季度，银之杰实现收入5.47亿元，归母净利润为-5940万元。因此单看第四季度，估 测公司预计在5060万元至8060万元之间，较第三季度591.66万元的亏损，环比扩大超8.55倍。 对于业绩亏损，银之杰在业绩预 ...

Major Announcements - Zhaoyi Innovation plans to use 500 million CNY of A-share fundraising to increase capital in its wholly-owned subsidiaries for the implementation of the DRAM project [1] - Haiguang Information's mid-2025 profit distribution plan includes a cash dividend of 0.09 CNY per share, totaling 209 million CNY [2] - *ST Biology has terminated the major asset restructuring plan to acquire 51% of Hunan Huize Biomedical Technology Co., Ltd. [3] - Fosun Pharma intends to spin off its subsidiary Fosun Antigen for independent listing on the Hong Kong Stock Exchange [4] - Jingchen Co. has set the inquiry transfer price at 82.85 CNY per share for the transfer of 13.1 million shares [5] Performance Forecasts - Zhaoyi Innovation expects a net profit of approximately 1.61 billion CNY for 2025, a year-on-year increase of about 46% [9] - Longying Precision anticipates a net profit decrease of 17.70% to 29.36% for 2025, estimating between 545 million CNY and 635 million CNY [9] - Ruichuang Micro-Nano forecasts a net profit of around 1.1 billion CNY for 2025, representing a 93% increase [10] - Nanjing Bank projects a net profit of 21.81 billion CNY for 2025, an 8.08% increase year-on-year [11] - Zhongyuan Co. expects a net profit increase of 80% to 105% for 2025, estimating between 139 million CNY and 158 million CNY [12] - Qiangyi Co. anticipates a net profit increase of 57.87% to 71.17% for 2025, estimating between 368 million CNY and 399 million CNY [13] - Liard expects a net profit of 300 million CNY to 380 million CNY for 2025, turning from a loss of 889 million CNY in the previous year [14] - Daheng Technology forecasts a net profit of approximately 106 million CNY for 2025, also turning from a loss [16] - Dongfeng Co. anticipates a net loss of 390 million CNY to 480 million CNY for 2025 [17] - Qing Song Co. expects a net profit increase of 137.73% to 201.74% for 2025, estimating between 130 million CNY and 165 million CNY [18] - SIRUI Co. forecasts a net profit of 165 million CNY to 184 million CNY for 2025, turning from a loss [19] - Shengmei Shanghai expects a revenue increase of 18.91% to 22.47% for 2025, estimating between 6.68 billion CNY and 6.88 billion CNY [20] - Yijun Co. anticipates a net loss of 11 million CNY to 14 million CNY for 2025 [21] - Saint Yuan Environmental Protection expects a net profit increase of 31.79% to 59.24% for 2025, estimating between 240 million CNY and 290 million CNY [22] - Lijun Co. forecasts a net profit decrease of 45.05% to 60.03% for 2025, estimating between 4.8 million CNY and 6.6 million CNY [23] - Xingqi Eye Medicine expects a net profit increase of 95.82% to 121.56% for 2025, estimating between 662 million CNY and 749 million CNY [25] - Beidou Star expects a net loss of 230 million CNY to 290 million CNY for 2025, reducing losses compared to the previous year [26] - Yiling Pharmaceutical anticipates a net profit of 1.2 billion CNY to 1.3 billion CNY for 2025, turning from a loss of 725 million CNY [27] - Zhijiang Bio forecasts a net loss of 32 million CNY to 47 million CNY for 2025, reducing losses compared to the previous year [28] - Yema Battery expects a net profit decrease of 58% to 70% for 2025, estimating between 45.83 million CNY and 64.17 million CNY [29] - Yunmei Energy anticipates a net loss of 410 million CNY to 470 million CNY for 2025 [30] - Yingfang Micro expects a net loss of 69 million CNY to 97 million CNY for 2025 [31] - Guanghua Technology forecasts a net profit of 85 million CNY to 120 million CNY for 2025, turning from a loss [33] Share Buybacks - Hengyi Petrochemical plans to repurchase shares worth 500 million CNY to 1 billion CNY [34] - Yunyi Electric plans to repurchase shares worth 100 million CNY to 150 million CNY [34] - Xidun Pharmaceutical plans to repurchase shares worth 25 million CNY to 50 million CNY [35]

Core Viewpoint - The company, Yinzhijie (300085.SZ), expects a net loss of between 140 million to 110 million yuan for 2025, with a significant decline in revenue across its main business segments [1] Financial Performance - The company anticipates an overall revenue decline of approximately 11.76% compared to the previous year for 2025 [1] - The financial information technology segment is projected to decrease by about 35.94% [1] - The mobile information services segment is expected to decline by approximately 30.94% [1] - The e-commerce segment is forecasted to grow by around 15.49% [1] Profitability and Losses - The expected net profit attributable to the parent company for 2025 is a loss ranging from 110 million to 140 million yuan [1] - The combined net profit from the three main business segments (financial information technology, mobile information services, and e-commerce) is projected to be a loss of approximately 59.08 million to 89.08 million yuan [1] - The financial information technology and mobile information services segments are experiencing losses due to revenue declines and impairment of intangible assets [1] - The e-commerce segment continues to maintain profitability with slight growth [1] Impact of Incentives and Investments - The company will incur a total impact of approximately -27.4 million yuan on net profit due to share-based payment expenses related to the 2024 and 2025 equity incentive plans [1] - The strategic investment in Dongya Qianhai Securities is expected to negatively impact the company's investment income by about -15.6 million yuan due to operational losses in 2025 [1] - Non-recurring gains and losses are projected to affect the net profit attributable to the parent company by approximately 17.54 million yuan, compared to 1.88 million yuan in the same period last year [1]

Core Viewpoint - The company Silver Zhi Jie (300085.SZ) forecasts a net loss attributable to shareholders of 110 million to 140 million yuan for the fiscal year 2025, indicating a challenging financial outlook [1] Financial Performance - The company's total operating revenue is expected to decline by approximately 11.76% compared to the previous year [1] - The financial information technology segment is projected to experience a significant decrease of about 35.94% [1] - The mobile information services segment is anticipated to decline by approximately 30.94% [1] - Conversely, the e-commerce business is expected to grow by around 15.49% [1] Net Loss Breakdown - The net loss after excluding non-recurring gains and losses is estimated to be between 128 million and 158 million yuan [1]

Core Viewpoint - The company, Yinzhijie (300085.SZ), has disclosed its performance forecast for the year 2025, indicating a projected net loss attributable to shareholders ranging from 1.1 billion to 1.4 billion yuan, with a net loss excluding non-recurring gains and losses estimated between 1.28 billion and 1.58 billion yuan [1] Financial Performance Summary - The company's overall operating revenue is expected to decline by approximately 11.76% compared to the previous year [1] - The financial information technology business is projected to experience a significant decline of about 35.94% [1] - The mobile information services business is anticipated to decrease by approximately 30.94% [1] - Conversely, the e-commerce business is expected to grow by around 15.49% [1]