Core Viewpoint - The company, Winshang (300377), is expected to turn a profit in 2025 with a projected net profit attributable to shareholders ranging from 16 million to 24 million yuan, compared to a loss of 425 million yuan in the same period last year [2] Group 1 - The company is focusing on market demand and is committed to improving the quality and efficiency of its financial technology products and services [2] - The company is actively promoting its Xinchuang projects and AI-enabled research and delivery [2] - The main business revenue of the company has stabilized compared to the same period last year [2]

证券代码：300377 证券简称：赢时胜 公告编号：2026-003 深圳市赢时胜信息技术股份有限公司 3、业绩预告情况表： | 项目 | | 本报告期 | | 上年同期 | | | --- | --- | --- | --- | --- | --- | | 归属于上市公司 | 盈利：1,600 | 万元～2,400 | 万元 | 亏损：42,467.51 | 万元 | | 股东的净利润 | | | | | | | 扣除非经常性损 | 盈利：800 | 万元～1,200 | 万元 | 亏损：20,452.82 | 万元 | | 益后的净利润 | | | | | | 二、与会计师事务所沟通 本次业绩预告相关财务数据未经注册会计师审计，公司已就业绩预告有关事 项与会计师事务所进行预沟通，双方不存在重大分歧。 三、业绩变动原因说明 1、报告期内，公司坚持以市场需求为导向，坚持金融科技产品和技术服务 的质量效率，大力推进信创项目及 AI 赋能研发及交付，公司主营业务收入较上 年同期止跌回稳。 2025 年度业绩预告 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、 ...

Group 1 - The core viewpoint of the news is that Ying Shisheng has seen a stock price increase of 5.37%, reaching 21.77 CNY per share, with a trading volume of 910 million CNY and a turnover rate of 6.32%, resulting in a total market capitalization of 16.349 billion CNY [1] - Ying Shisheng is a provider of comprehensive information technology solutions for asset management and custody services aimed at financial institutions and high-end clients, with service fee income accounting for 55.06% and custom software development and sales making up 44.94% of its revenue [1] Group 2 - According to data, Bosera Fund's Bosera Financial Technology ETF (516860) has entered the top ten circulating shareholders of Ying Shisheng, holding 2.0237 million shares, which represents 0.31% of the circulating shares, with an estimated floating profit of approximately 2.2463 million CNY [2] - The Bosera Financial Technology ETF was established on September 24, 2021, with a latest scale of 2.152 billion CNY, and has achieved a year-to-date return of 1.72%, ranking 4680 out of 5551 in its category, while its one-year return is 26.34%, ranking 2935 out of 4285 [2] Group 3 - The fund manager of Bosera Financial Technology ETF is Yin Hao, who has a total tenure of 6 years and 113 days, with the fund's total asset scale at 9.669 billion CNY, achieving a best return of 162.25% and a worst return of -32.87% during his tenure [3]

Core Insights - The A-share market experienced a significant increase on January 23, with the financial technology sector showing strong performance, particularly led by companies like Xinghuan Technology, which rose over 10% [1] - The financial technology ETF (159851) saw a 1.36% increase, with a total trading volume of 816 million yuan and a net inflow of 426 million shares, indicating strong investor interest [1] - The overall market analysis suggests that the financial technology sector's rise is driven by positive earnings forecasts and market expectations [2] Earnings Catalysts - A-share trading volume has exceeded 2 trillion yuan for 19 consecutive trading days, with internet brokerage firms expected to continue reporting strong earnings. For instance, Tonghuashun's 2025 profit forecast indicates a year-on-year growth of 50% to 80%, reaching 2.735 to 3.282 billion yuan, benefiting from AI investments and market recovery [1][2] Market Expectations - CITIC Securities noted that the market is transitioning to a slow bull phase, with the securities sector expected to participate in this trend. The activity level in the stock market is a key indicator of the valuation and performance of the securities industry [2] AI Empowerment in Financial IT - Guotai Junan Securities highlighted that AI is driving the upgrade of the financial technology industry, enhancing efficiency and experience across financial services. This presents new investment opportunities in the sector [2] ETF Performance - As of January 23, the financial technology ETF (159851) has a scale exceeding 10.5 billion yuan, with an average daily trading volume of 800 million yuan over the past six months, leading among eight ETFs tracking the same index in terms of scale and liquidity [2]

Group 1 - The core point of the article highlights the recent performance of Ying Shisheng, which saw a decline of 5.08%, with the stock price at 21.50 yuan per share and a trading volume of 870 million yuan, resulting in a total market capitalization of 16.147 billion yuan [1] - Ying Shisheng, established on September 3, 2001, and listed on January 27, 2014, is based in Shenzhen, Guangdong Province. The company specializes in providing comprehensive IT solutions for asset management and custody services to financial institutions and high-end clients. Its revenue composition includes 55.06% from service fees and 44.94% from custom software development and sales [1] Group 2 - From the perspective of the top ten circulating shareholders of Ying Shisheng, Huabao Fund holds a significant position with its Huabao CSI Financial Technology Theme ETF (159851) increasing its holdings by 4.6871 million shares to a total of 9.7778 million shares, representing 1.48% of the circulating shares. The estimated floating loss today is approximately 11.2444 million yuan [2] - The Huabao CSI Financial Technology Theme ETF (159851), established on March 4, 2021, has a latest scale of 12.319 billion yuan. Year-to-date, it has achieved a return of 6.36%, ranking 2372 out of 5542 in its category, while over the past year, it has returned 30.6%, ranking 2592 out of 4235. Since its inception, it has yielded a return of 79.98% [2] - The fund managers of Huabao CSI Financial Technology Theme ETF are Chen Jianhua and Cao Xucheng. Chen has a tenure of 13 years and 33 days, managing a total fund size of 27.702 billion yuan, with the best return during his tenure being 188.49% and the worst being -49.65%. Cao has been in position for 244 days, managing a total fund size of 35.182 billion yuan, with the best return of 135.7% and the worst of -0.77% [2]

Core Viewpoint - The A-share market experienced a collective decline, with the Shanghai Composite Index down by 0.44%, the Shenzhen Component Index down by 0.13%, and the ChiNext Index down by 0.42%. The financial technology ETF, Huaxia (516100), fell by 3.90% to a latest price of 1.527 yuan, with a trading volume of 1.09 billion yuan and a turnover rate of 8.43% [1] Group 1: Market Performance - As of January 14, the financial technology ETF Huaxia recorded a cumulative increase of 14.32% over the past two weeks, outperforming the Wind All A index, which rose by 5.80% during the same period [1] - The financial technology ETF Huaxia reached an intraday high of 1.648 yuan, marking a new high in nearly a month [1] Group 2: Valuation Metrics - The latest price-to-earnings ratio (PE-TTM) for the financial technology ETF Huaxia is 83.42, which is in the 73.97th percentile over the past year, indicating that the valuation is lower than 26.03% of the time in the past year, suggesting a moderate valuation [1] Group 3: Index Composition - The financial technology ETF Huaxia tracks the financial technology index (930986.CSI), with significant weightings in software development (49.81%), IT services II (24.05%), securities II (9.57%), computer equipment (9.40%), and communication equipment (3.99%) [2]

Group 1 - The core point of the article highlights that Ying Shisheng has achieved a trading volume of 4.361 billion yuan, marking a new high since March 17, 2025 [2] - The latest stock price of Ying Shisheng has increased by 4.75%, with a turnover rate of 25.94% [2] - The previous trading day's total transaction volume for the stock was 2.817 billion yuan [2] Group 2 - Ying Shisheng Information Technology Co., Ltd. was established on September 3, 2001, with a registered capital of 751 million yuan [2]

Core Viewpoint - The financial technology sector in China is experiencing significant growth, driven by the integration of generative AI into core business processes, with predictions indicating that over 80% of banks will adopt this technology by 2026 [1] Group 1: Market Performance - On January 14, major stock indices showed strong performance, with the securities ETF Huaxia (515010) rising by 1.89%, and its holdings such as Hualin Securities hitting the daily limit up [1] - The financial technology ETF Huaxia (516100) surged by 7.23%, with stocks like Lakala reaching a 20% limit up, and several other stocks also experiencing significant gains [1] Group 2: Industry Trends - The domestic financial industry in China is moving beyond the pilot phase, pushing for the large-scale integration of generative AI into core business processes [1] - Regulatory policies promoting "AI+" are facilitating the transition of AI from a supportive tool to a decision-making engine that drives credit and risk control processes [1] Group 3: Investment Opportunities - The financial technology sector is expected to become a focal point for market attention, benefiting directly from increased trading activity and the ongoing digital financial reform [1] - The convergence of trends such as the implementation of GEO new concepts, the scaling of AI financial applications, and the advancement of financial innovation is likely to provide sustained upward momentum for the sector, highlighting its long-term investment value [1]

Group 1 - The core viewpoint of the news is the significant surge in AI application stocks, with multiple companies experiencing substantial price increases, indicating a strong market interest in AI technologies [1][3]. - The recent strong performance of domestic large model companies MiniMax and Zhipu after their listings in Hong Kong signals the successful "capital closure" of domestic large models, marking the beginning of the "commercial value realization" in AI applications [3]. - Three new hotspots in the AI application field have emerged: AI for Science (AI4S), Generative Engine Optimization (GEO), and AI in healthcare, with notable developments such as OpenAI's launch of "ChatGPT Health" and the rapid user growth of "Ant Financial's" health feature [3]. Group 2 - Guojin Securities recommends four key directions in AI applications: super entry points, AI infrastructure, high growth sectors, and high barrier industries, emphasizing the commercial potential of AI technologies in various fields [4]. - The current geopolitical climate and the trend towards self-sufficiency in technology have increased the urgency for domestic innovation, supported by government initiatives and the need for national security [7]. - The 信创 ETF fund, which tracks the 中证信创 index, has seen significant price increases, reflecting strong market interest in the domestic innovation sector, particularly in software development [5][7].

Core Viewpoint - The stock price of Winshang has shown fluctuations, with a slight increase of 2.02% on January 9, 2025, but has experienced a year-to-date decline of 1.33% [1][2]. Group 1: Stock Performance - As of January 9, 2025, Winshang's stock price is reported at 22.25 CNY per share, with a trading volume of 2.62 billion CNY and a turnover rate of 1.80%, resulting in a total market capitalization of 167.10 billion CNY [1]. - Year-to-date, Winshang's stock has decreased by 1.33%, with a similar decline over the past five trading days, while it has increased by 3.54% over the last 20 days and 6.97% over the last 60 days [2]. Group 2: Company Overview - Winshang, established on September 3, 2001, and listed on January 27, 2014, is based in Shenzhen, Guangdong Province. The company specializes in providing comprehensive IT solutions for asset management and custody services to financial institutions and high-end clients [2]. - The company's revenue composition includes service fees accounting for 55.06% and custom software development and sales making up 44.94% [2]. - Winshang is categorized under the Shenwan industry classification of Computer-Software Development-Vertical Application Software, and is associated with concepts such as margin financing, financial technology, mid-cap stocks, Huawei concepts, and robotics [2]. Group 3: Financial Performance - For the period from January to September 2025, Winshang reported a revenue of 937 million CNY, reflecting a year-on-year decrease of 5.18%. The net profit attributable to shareholders was -43.21 million CNY, a significant decline of 210.75% compared to the previous year [2]. - Since its A-share listing, Winshang has distributed a total of 687 million CNY in dividends, with 105 million CNY distributed over the past three years [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders in Winshang is reported at 112,400, a decrease of 13.60% from the previous period, with an average of 5,884 circulating shares per shareholder, which is an increase of 15.74% [2]. - Among the top ten circulating shareholders, Huabao Zhongzheng Financial Technology Theme ETF ranks as the third-largest shareholder with 9.78 million shares, an increase of 4.69 million shares from the previous period. Hong Kong Central Clearing Limited is the sixth-largest shareholder with 4.56 million shares, a decrease of 609,910 shares [3].