Core Points - On October 23, JiaYun Technology announced that its wholly-owned subsidiary, Shenzhen JiaYun Wanhe Media Co., Ltd., has changed its company name and address due to operational development needs [2] - The company has completed the industrial and commercial change registration procedures and obtained a new business license from the Shenzhen Market Supervision Administration [2]

本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 证券代码：300242 证券简称：佳云科技 公告编号：2025-079 广东佳云科技股份有限公司 关于全资子公司变更名称、住所并完成工商变更登记的公告 成立日期：2019 年 10 月 25 日 一、本次变更情况 广东佳云科技股份有限公司之全资子公司深圳市佳云万合传媒有限公司因 经营发展需要，对其公司名称及住所进行了变更。近日已完成工商变更登记手续， 并取得了深圳市市场监督管理局换发的《营业执照》。现将具体变更情况公告如 下： | 项目 | | 变更前 | 变更后 | | --- | --- | --- | --- | | 公司名称 | | 深圳市佳云万合传媒有限公司 | 深圳市佳云万合科技有限公司 | | 住 | 所 | 深圳市罗湖区笋岗街道笋西社区梨园 | 深圳市福田区华富街道莲花一村社区皇 | | | | 路6号物资控股置地大厦九层906单元 | 岗路 5001 号深业上城（南区）T2 栋 2101 | 二、变更后营业执照的基本情况 公司名称：深圳市佳云万合科技有限公司 统一社会信用代码：91440300MA ...

Core Insights - The advertising and marketing sector experienced a slight increase of 0.1% on October 22, with Jiayun Technology leading the gains [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Jiayun Technology (300242) closed at 4.38, up 3.55% with a trading volume of 309,600 shares and a turnover of 134 million yuan [1] - Other notable gainers included Zhejiang Wenlian (600986) with a 2.58% increase, and ST Huayang (603825) with a 2.07% increase [1] - Conversely, stocks like Inertia Media (603598) and Yidian Tianxia (301171) saw declines of 2.17% and 1.87% respectively [2] Capital Flow - The advertising and marketing sector saw a net outflow of 14.5 million yuan from institutional investors and 12.97 million yuan from speculative funds, while retail investors contributed a net inflow of 27.47 million yuan [2] - The capital flow data indicates that major stocks like Zhejiang Wenlian and Fenzhong Media experienced significant net outflows from institutional and speculative investors [3]

Core Viewpoint - The signing of a share acquisition intention agreement between Guangdong Jiayun Technology Co., Ltd. and Flash Repair Hero (Shenzhen) Technology Co., Ltd. highlights a strategic move to optimize business structure and enhance asset operation efficiency through the sale of its wholly-owned subsidiary, Haili Insurance Brokerage (Shenzhen) Co., Ltd. [1][3] Group 1: Company Overview - Guangdong Jiayun Technology plans to sell 100% of its subsidiary Haili Insurance Brokerage to Flash Repair Hero, aiming to focus resources on developing its internet marketing business [1][3] - Haili Insurance Brokerage has a registered capital of 50 million yuan and achieved a premium scale of 1.55 billion yuan in 2019, with branches in multiple provinces [3] Group 2: Buyer Profile - Flash Repair Hero's business scope includes electronic product sales, technical services, and communication equipment sales, indicating a diverse operational background [1][3] - The company has prior experience in the insurance sector through its investment in a subsidiary that owns an insurance brokerage, suggesting a strategic alignment with the acquisition [4] Group 3: Industry Implications - The integration of electronic product sales and insurance services is seen as a potential growth area, with insurance products like screen damage insurance providing risk coverage for consumers [4] - Regulatory compliance is crucial for platforms engaging in insurance-related activities, necessitating clear communication of insurance terms and conditions to users [5]

Group 1 - The signing of a share acquisition intention agreement between Guangdong Jiayun Technology Co., Ltd. and Flash Repair (Shenzhen) Technology Co., Ltd. has brought both companies into the spotlight [1][3] - Jiayun Technology plans to sell its wholly-owned subsidiary, Haili Insurance Brokerage (Shenzhen) Co., Ltd., to Flash Repair (Shenzhen) as part of its strategy to optimize business structure and enhance asset operation efficiency [1][3] - Haili Insurance Brokerage has a registered capital of 50 million yuan and achieved a premium scale of 1.55 billion yuan in 2019, with branches in multiple provinces [3] Group 2 - Flash Repair (Shenzhen) operates in various sectors, including electronic product sales and technical services, and aims to diversify its business by acquiring an insurance intermediary [3][4] - The integration of electronic product sales and insurance has been observed in the industry, with platforms collaborating with insurance companies to offer mobile device insurance [4] - The acquisition of an insurance intermediary allows Flash Repair (Shenzhen) to legally conduct insurance business, facilitating its expansion into insurance-related services [3][4] Group 3 - Regulatory compliance is crucial for platforms engaging in insurance-related businesses, as they must ensure transparency regarding insurance terms and conditions to users [5] - Flash Repair (Shenzhen) is not new to the insurance sector, as it has investments in an insurance intermediary, Tengsheng Insurance Agency [4] - The recent regulatory penalty imposed on Tengsheng Insurance Agency highlights the importance of compliance in the insurance industry [4]

Core Insights - The advertising and marketing sector saw a rise of 0.46% on October 21, with Inry Media leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Group 1: Stock Performance - Inry Media (603598) closed at 16.59, with a gain of 4.54% and a trading volume of 126,300 shares, amounting to a transaction value of 209 million yuan [1] - Other notable performers included: - Electric Sound Co. (300805) at 11.29, up 3.01% [1] - Yaowang Technology (002291) at 6.95, up 2.51% [1] - Simay Media (002712) at 5.45, up 2.44% [1] - Shenguang Group (002400) at 7.95, up 2.19% [1] Group 2: Capital Flow - The advertising and marketing sector experienced a net inflow of 86.88 million yuan from institutional investors, while retail investors saw a net outflow of 21.03 million yuan [2] - The main stocks with significant capital flow included: - Flag Technology (300061) with a net outflow of 15.2 million yuan [2] - Fenjun Media (002027) with a net outflow of 72.8 million yuan [2] - Tianxia Show (600556) with a net outflow of 59.5 million yuan [2]

Mergers and Acquisitions - Dongtu Technology is planning to acquire 100% equity of Beijing Gaoweike Electric Technology Co., Ltd. The company's stock will be suspended from trading starting October 21, 2025, with a transaction plan expected to be disclosed within 10 trading days [1] - Jiayun Technology intends to sell its wholly-owned subsidiary, Haili Insurance Brokerage (Shenzhen) Co., Ltd., to Shanjiaxia (Shenzhen) Technology Co., Ltd. This equity transfer aims to optimize the business structure and enhance asset operation efficiency, focusing on internet marketing [2] Shareholding Changes - Xiyu Tourism's major shareholder, Xinjiang Kunlun Investment Development Partnership (Limited Partnership), plans to reduce its stake by up to 3%, equating to approximately 4.65 million shares, within three months after a 15 trading day period from the announcement [3] - Shannon Chip Innovation's major shareholder, Wuxi High-tech Zone New Momentum Industry Development Fund (Limited Partnership), plans to reduce its stake by up to 1%, which is approximately 463.77 million shares, within three months after a 15 trading day period from the announcement [4] - Jifeng Technology's major shareholders, Wang Xinming, Wang Hongyan, and their concerted party, plan to reduce their stake by up to 3%, totaling approximately 14.83 million shares, within three months after a 15 trading day period from the announcement [5] Earnings Disclosure - Longsheng Technology reported a 109.83% year-on-year increase in net profit attributable to shareholders in the third quarter, reaching 106 million yuan, with total revenue of 586 million yuan, a 0.48% increase [6] - Juzhi Technology announced a 100.34% year-on-year increase in net profit attributable to shareholders, amounting to 32.36 million yuan, with total revenue of 227 million yuan, an 18.77% increase [7] - China Mobile reported a net profit attributable to shareholders of 31.1 billion yuan in the third quarter, a 1.4% year-on-year increase, with total revenue of 250.9 billion yuan, a 2.5% increase [8] Risk Events - Shan Shui Technology's actual controller and chairman, Huang Guorong, has been subjected to criminal coercive measures for personal reasons. The company has convened a board meeting, and board member Wu Xinyan will assume the responsibilities of chairman and legal representative [9] - Zhongxin Co., Ltd. is under investigation by Canada for alleged dumping and subsidy practices related to molded fiber tableware. The investigation period is from October 1, 2024, to September 30, 2025, involving the company and three wholly-owned subsidiaries, with exports to Canada amounting to approximately 82.65 million yuan, accounting for 7.7% of revenue during the specified period [10]

Core Points - Guangdong Jiayun Technology Co., Ltd. announced the intention to sell 100% equity of its wholly-owned subsidiary, Haili Insurance Brokerage (Shenzhen) Co., Ltd. to Flash Repair Hero (Shenzhen) Technology Co., Ltd. to focus on its main business development [1] - The agreement for the equity acquisition was signed on October 20, 2025, and the transaction is currently in the planning stage [1] - Flash Repair Hero's business scope includes sales of electronic products, sales of electronic special equipment, and various technical services such as consulting and technology transfer [1] Company Summary - Jiayun Technology aims to streamline its operations by divesting from Haili Insurance, indicating a strategic shift towards its core business [1] - The sale reflects a trend among companies to focus on primary business areas while divesting non-core assets [1] Industry Context - The transaction highlights the growing interest in technology and service-oriented companies like Flash Repair Hero, which operates in the electronic products and technical services sector [1] - The move may signal a consolidation trend within the technology and service industries, as companies seek to enhance operational efficiency and market focus [1]

Group 1 - The company, Jiayun Technology, plans to sell its wholly-owned subsidiary, Haili Insurance Brokerage (Shenzhen) Co., Ltd., to Flash Repair Hero (Shenzhen) Technology Co., Ltd. [1] - An equity acquisition intention agreement has been signed between the company and Flash Repair Hero on October 20, 2025 [1]

Core Viewpoint - The company, Jiayun Technology, announced its decision to sell 100% equity of its wholly-owned subsidiary, Haili Insurance Brokerage, to Flash Repair X (Shenzhen) Technology Co., Ltd. to focus on its main business development [1] Group 1 - The company has signed a share acquisition intention agreement with Flash Repair X [1]