Core Insights - The internet financial information service industry is experiencing rapid growth driven by the dual forces of high-quality development in the securities market and technological innovation, with the market size projected to expand significantly from 10.07 billion yuan in 2015 to 63.52 billion yuan in 2024, reflecting a compound annual growth rate of 22.71% [1][18] - The industry has evolved into a complete value chain from data collection and processing to intelligent information integration, benefiting from the continuous growth of household wealth and increasing demand for financial information from investors [1][18] Industry Overview - The internet financial information service industry emerged alongside the development of the internet, effectively utilizing its convenience and speed to provide investors with enhanced information services. The industry can be segmented into three categories: financial information terminal services, value-added information services, and online financial information services [3] - Despite the rapid growth of the industry, China's market size remains relatively small compared to its potential and the more mature international markets, indicating significant growth opportunities [3] Development History - The development of internet finance in China began before 2005, with traditional financial institutions initially moving their services online. The introduction of e-commerce in 1993 marked the start of a shift towards electronic business operations [5][6] - The period from 2005 to 2012 saw the emergence of true internet financial business models, including third-party payment, P2P lending, and crowdfunding, leading to significant changes in traditional financial models [6] Policy Environment - Government policies have been supportive of the healthy and orderly development of the internet financial information service industry, with initiatives aimed at enhancing data security, network security, and the application of new technologies [8][10] Industry Chain - The industry chain has matured, encompassing financial information, third-party payment, and online lending. The upstream includes data suppliers, banks, and individual fund providers, while the downstream consists of individual consumers, merchants, and enterprises [11] - The connection between merchants and end customers is crucial for the transaction volume of third-party payment services, with small and micro merchants playing a significant role in the market's long-tail effect [11] Market Dynamics - The financial sector is experiencing stable growth, with the total social financing scale projected to reach 408.3 trillion yuan in 2024, reflecting an 8% year-on-year increase. This stable financial environment provides a solid foundation for the development of the internet financial information service industry [13] - The software and information technology service industry, which includes internet financial information services, is crucial for economic development, with revenues expected to reach 13.73 trillion yuan in 2024, growing by 10% year-on-year [16] Competitive Landscape - Leading companies in the internet financial information service sector include Dongfang Caifu, Tonghuashun, and Zhinancai, which have capitalized on the rapid development of internet technology and the liberalization of interest rates to attract investors [20][23] - Dongfang Caifu's revenue from securities services is projected to be 8.494 billion yuan in 2024, while Tonghuashun's revenue is expected to reach 4.187 billion yuan, reflecting growth driven by increased demand for financial information services [23][25] Future Trends - The industry is expected to undergo a technological transformation with the integration of AI, big data, and cloud computing, leading to smarter services and improved user experiences [27] - Regulatory frameworks are becoming stricter, promoting the need for compliance and risk management, which will shape the industry's future development [28] - User demand is diversifying, pushing for innovative service offerings that cater to both individual and institutional investors, emphasizing real-time data and personalized services [29]

证券代码：300085 证券简称：银之杰 公告编号：2025-036 深圳市银之杰科技股份有限公司 2024年度股东大会决议公告 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。 特别提示： 一、会议召开和出席情况 1．现场会议召开时间：2025 年 5 月 8 日（星期四）下午 2:00 2．网络投票时间：2025 年 5 月 8 日 7．公司董事、监事、高级管理人员及见证律师出席或列席了本次股东大会。 8．本次股东大会的召开符合《中华人民共和国公司法》和《深圳市银之杰科技 股份有限公司章程》的规定。 二、议案审议表决情况 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 5 月 8 日上 午 9:15－9:25，9:30－11:30，下午 13:00－15:00； 通过互联网投票系统投票的具体时间为：2025 年 5 月 8 日 9:15 至 15:00 期间的 任意时间。 3．现场会议召开地点：深圳市福田区泰然七路博今商务广场 B 座十二层公司 第一会议室。 4．会议召集人：公司董事会 5．会议主持人：董事长陈向军先生 6．出席本次股东大会 ...

中银律师事务所 法律意见书 北京中银律师事务所 关于深圳市银之杰科技股份有限公司 2024 年度股东大会召开的法律意见书 致：深圳市银之杰科技股份有限公司 公司董事、监事、高管和本所律师出席了本次大会现场会议。 北京中银律师事务所（以下简称"本所"）受深圳市银之杰科技股份有限公 司（以下简称"公司"）的委托，就公司 2024 年度股东大会（以下简称"本次 大会"）召开的有关事宜，根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《上市公司股东大会规则》及《深圳市银之杰科技股份有限公司章程》 （以下简称"《公司章程》"）的有关规定，出具本法律意见书。为出具本法律 意见书之目的，本所委派律师出席了本次大会，并根据现行法律、法规的有关规 定及要求，对公司提供的与本次大会召开有关的文件和事实进行了核查和验证。 现出具法律意见如下： 一、关于本次大会的召集和召开程序 根据 2025 年 4 月 16 日巨潮资讯网刊载的《深圳市银之杰科技股份有限公司 关于召开 2024 年度股东大会的通知》，公司董事会已作出决议并向全体股东发 出召开本次大会现场会议及网络投票时间和方式的通知，根据该通知，现场会议 时间为 202 ...

Core Viewpoint - The major shareholder of Yinzhijie (300085.SZ), He Ye, plans to reduce his stake by up to 3% due to personal financial needs, despite the company's stock price having surged significantly in recent months [1][3]. Group 1: Shareholder Actions - He Ye intends to sell no more than 21.18 million shares, representing 3% of the total share capital, which could yield over 680 million yuan if sold at the current price of 32.12 yuan per share [3]. - Other major shareholders, including Zhang Xuejun, Li Jun, and Chen Xiangjun, have also been actively reducing their stakes, collectively cashing out over 1.9 billion yuan through various transactions [2][3]. - Since 2015, these four shareholders have cumulatively cashed out approximately 1.59 billion yuan through secondary market sales [3]. Group 2: Financial Performance - Yinzhijie reported a net loss of 25.62 million yuan in Q1 of this year, continuing a trend of losses over the past four years, totaling 651 million yuan [2][9]. - The company has experienced declining revenues, with total revenues falling from 11.88 billion yuan in 2021 to 8.63 billion yuan in 2024 [8][9]. - Despite a peak revenue of 1.38 billion yuan in 2020, the company has struggled to maintain profitability, with net losses recorded in each of the last four years [8][9]. Group 3: Business Overview - Yinzhijie's core business includes financial information technology, mobile information services, and e-commerce, primarily serving banks and financial institutions [7]. - The company has attempted to diversify its offerings by exploring innovative areas such as green finance digitalization and digital currency [7]. - Historical data shows that the company has faced challenges in achieving consistent profitability since its listing in 2010, with a pattern of increasing revenue but declining net income in the early years [7][8].

Financial Performance - In 2024, the company achieved total revenue of 862.65 million yuan, a decrease of 15.02% year-on-year [1] - The net profit attributable to shareholders was -129.11 million yuan, down 9.98% year-on-year [1] - The financial technology business revenue was 92.76 million yuan, a decline of 38.08%, with a gross margin of 20.11%, down 10.12% [2] Research and Development - The company invested 67.72 million yuan in R&D in 2024, accounting for 7.85% of total revenue [2] - Emphasis on enhancing core technology and competitiveness through sustained R&D investment [2] Business Strategy and Development - The company is focusing on cost reduction and efficiency improvement in traditional businesses while actively pursuing business transformation and innovation [2] - Plans to expand into internet securities information services, leveraging existing financial technology capabilities [3] Cash Flow and Financial Health - As of the end of Q1 2025, the company had cash and cash equivalents of 271.42 million yuan, with a net cash flow from operating activities of 19.97 million yuan [3] Competitive Advantage - The company has 26 years of experience in the financial information technology sector, maintaining a leading position in technology and industry experience [3] - As of the end of 2024, the company and its subsidiaries held 394 software copyrights and 247 patents, including 41 invention patents [3] Cost Control Measures - The company is implementing cost control through refined procurement management, reduced financing costs, and optimized personnel structure [4] Future Growth Drivers - Key strategies for improving performance include reducing losses in traditional businesses, advancing business transformation, and enhancing talent acquisition and team building [4] - The company is optimistic about the future of the financial technology industry, supported by national policies and strategic partnerships [4]

Group 1 - Major shareholders of *ST WanFang plan to reduce their holdings by up to 9,341,596 shares, accounting for 3% of the company's total share capital from May 27 to August 25, 2025 [1] - Shareholders of Airo Energy intend to reduce their holdings by up to 800,000 shares, 800,000 shares, and 1,600,000 shares, representing 0.50%, 0.50%, and 1% of the company's total share capital respectively during the same period [1] - Anner plans to reduce its holdings by up to 3,186,159 shares, which is 1.5% of the company's total share capital, from May 27 to August 26, 2025 [1] Group 2 - Shareholders of Chuhuan Technology plan to reduce their holdings by up to 2,395,605 shares, accounting for 3% of the total share capital excluding repurchased shares from May 27 to August 26, 2025 [1] - Major shareholder of Dalian Technology intends to reduce their holdings by up to 4,189,336 shares, which is 0.99% of the company's total share capital from May 27 to August 26, 2025 [2] - Dongwei Technology's board members plan to reduce their holdings by a total of 2,574,857 shares, representing 0.8629% of the company's total share capital during the same period [2] Group 3 - Gann Li Pharmaceutical's shareholder has completed a reduction of 6,010,622 shares, which is 1% of the company's total share capital from April 22 to April 30, 2025 [2] - Guanshi Technology's board members plan to reduce their holdings by up to 359,375 shares, accounting for 0.4891% of the company's total share capital from May 27 to August 26, 2025 [2] - Guoguang Electric's shareholder has completed a reduction of 1,625,751 shares, which is 1.5% of the company's total share capital from April 25 to April 30, 2025 [2] Group 4 - Haili Biological's major shareholder has completed a reduction of 13,113,244 shares, representing 2% of the company's total share capital from April 15 to April 22, 2025 [3] - Hengfeng Information's board member has completed a reduction of 198,717 shares, which is 0.1207% of the company's total share capital on April 28, 2025 [3] - Hongwei Technology's shareholder plans to reduce their holdings by up to 820,000 shares, accounting for 0.39% of the company's total share capital from May 12 to August 11, 2025 [3] Group 5 - Huatai Medical's vice president has completed a reduction of 29,943 shares, which is 0.0308% of the company's total share capital from April 28 to April 29, 2025 [4] - Jilin Carbon Valley's major shareholder has completed a reduction of 4,989,160 shares, representing 0.8490% of the company's total share capital from April 25 to April 29, 2025 [4] - Jiahua Technology's shareholder plans to reduce their holdings by up to 1,160,000 shares, accounting for 1.50% of the company's total share capital from May 28 to August 25, 2025 [4] Group 6 - Jiangbo Long's shareholder plans to reduce their holdings by up to 4,159,815 shares, which is 1% of the company's total share capital from May 27 to August 26, 2025 [5] - Jiangshan Co. plans to reduce its holdings in Jiangtian Chemical by 4,330,800 shares, accounting for 3% of its total share capital from May 27 to August 26, 2025 [5] - Kairun Co.'s major shareholder plans to reduce their holdings by up to 9,000,000 shares, representing 2.43% of the total share capital excluding repurchased shares from May 27 to August 26, 2025 [5] Group 7 - Lianqi Technology's shareholders plan to reduce their holdings by a total of 18,717,374 shares, which is 2.96% of the total share capital excluding repurchased shares from May 27 to August 26, 2025 [9] - Zhongke Information's board members have completed a reduction of 698,914 shares, representing 0.2358% of the company's total share capital [9] - Zhongshi Co.'s major shareholder plans to reduce their holdings by up to 1,800,000 shares, accounting for 1.1527% of the company's total share capital from May 27 to August 26, 2025 [10]

证券代码：300085 证券简称：银之杰 公告编号：2025-035 深圳市银之杰科技股份有限公司 关于持股5%以上股东减持股份预披露公告 公司持股5%以上的股东何晔保证向本公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 持本公司股份 92,188,400 股（占本公司总股本比例 13.05%）的股东何晔女士计 划自本公告披露之日起15个交易日后的3个月内通过集中竞价或大宗交易方式合计 减持公司股份不超过 21,180,000 股（占本公司总股本比例不超过 3%），其中，通过 集中竞价方式减持公司股份不超过 7,060,000 股（占本公司总股本比例不超过 1%）； 通过大宗交易方式减持公司股份不超过 14,120,000 股（占本公司总股本比例不超过 2%）。 深圳市银之杰科技股份有限公司（以下简称"公司"）于近日收到公司持有公 司 5%以上股份的股东何晔女士的《关于股份减持计划的告知函》，现将有关情况公 告如下： 一、股东的基本情况 | 股东名称 | 持股数量（股） | | 占公司总股本比例 | | ...

银之杰（300085）公告，持股5%以上的股东何晔计划自公告披露之日起15个交易日后的3个月内，通过 集中竞价或大宗交易方式合计减持公司股份不超过2118万股，占公司总股本比例不超过3%。 ...

Group 1: Financial Technology ETF Performance - The China Securities Financial Technology Theme Index (930986) rose by 1.73% as of April 30, 2025, with constituent stocks such as Lingzhi Software (688588) increasing by 12.45% and New Zhiyuan Software (688590) by 10.12% [3] - The Financial Technology ETF (516860) increased by 1.65%, with a latest price of 1.17 yuan, and has accumulated a 45.26% increase over the past year, ranking in the top third among comparable funds [3] - The Financial Technology ETF saw a significant increase in scale, growing by 2,329.87 million yuan over the past week, placing it in the top third among comparable funds [4] Group 2: Fund Inflows and Share Growth - The Financial Technology ETF experienced continuous net inflows over the past four days, with a maximum single-day net inflow of 3,516.82 million yuan, totaling 5,831.57 million yuan, averaging 1,457.89 million yuan in daily net inflow [6] - The ETF's share count increased by 600.00 million shares over the past two weeks, also ranking in the top third among comparable funds [5] Group 3: Historical Performance and Metrics - As of April 29, 2025, the Financial Technology ETF's net value increased by 44.97% over the past year, ranking first among comparable funds, with a historical maximum monthly return of 55.92% and an average monthly return of 10.57% [6] - The ETF's Sharpe ratio for the past year is 1.40, indicating strong risk-adjusted returns [7] - The ETF's management fee is 0.50% and the custody fee is 0.10%, which are the lowest among comparable funds [8] Group 4: Index Composition - As of March 31, 2025, the top ten weighted stocks in the China Securities Financial Technology Theme Index accounted for 54.32% of the index, with stocks like Tonghuashun (300033) and Dongfang Caifu (300059) being the top contributors [8][10]

Core Viewpoint - The financial technology sector is experiencing significant growth, driven by favorable policies and increasing investments, as evidenced by the performance of the China Securities Financial Technology Theme Index and related ETFs [3][4]. Group 1: Market Performance - As of April 23, 2025, the China Securities Financial Technology Theme Index rose by 2.17%, with notable increases in constituent stocks such as New Morning Technology (up 19.99%) and Lakala (up 14.79%) [3]. - The Financial Technology ETF (516860) also saw a rise of 2.19%, marking its fourth consecutive increase, with a latest price of 1.21 yuan [3]. - The ETF recorded a turnover rate of 3.18% and a transaction volume of 26.91 million yuan during the trading session [3]. Group 2: Policy and Industry Outlook - The National Development and Reform Commission and the National Bureau of Statistics have issued key work points for the development of the digital economy and society by 2025, which are expected to accelerate the digital transformation and intelligent upgrade of industries in China [3]. - Longjiang Securities suggests focusing on companies with data resources or capabilities in data product development, particularly those that have gained advantages in sectors like healthcare, finance, and education [3]. Group 3: ETF Performance Metrics - The Financial Technology ETF has shown a net value increase of 63.28% over the past year, ranking first among comparable funds [4]. - Since its inception, the ETF has achieved a maximum monthly return of 55.92% and an average monthly return of 10.57%, with a historical three-year profit probability of 96.38% [4]. - The ETF's management fee is 0.50%, and the custody fee is 0.10%, making it one of the lowest in its category [4]. Group 4: Tracking Accuracy and Major Holdings - The Financial Technology ETF has the highest tracking accuracy among comparable funds, with a tracking error of 0.043% year-to-date [5]. - As of March 31, 2025, the top ten weighted stocks in the index accounted for 54.32% of the total, with stocks like Tonghuashun and Dongfang Caifu being the most significant contributors [5].