Group 1 - Daily Interaction's stock price increased by 5.39%, reaching 36.77 CNY per share, with a trading volume of 733 million CNY and a turnover rate of 5.75%, resulting in a total market capitalization of 14.515 billion CNY [1] - Daily Interaction Co., Ltd. is based in Hangzhou, Zhejiang Province, established on December 7, 2010, and listed on March 25, 2019. The company specializes in big data-based mobile internet comprehensive services, primarily providing technical services for mobile application developers, mobile internet marketing services for advertisers, and data services for other vertical clients [1] - The revenue composition of Daily Interaction includes 86.32% from data services, 11.06% from developer services, and 2.62% from other sources [1] Group 2 - Southern Fund's Southern CSI 2000 ETF (159531) holds Daily Interaction as its third-largest position, having reduced its holdings by 3,200 shares in the third quarter, now owning 31,100 shares, which represents 0.25% of the fund's net value [2] - The Southern CSI 2000 ETF was established on September 7, 2023, with a current size of 543 million CNY. Year-to-date returns are 3.45%, ranking 3182 out of 5493 in its category; over the past year, returns are 48.9%, ranking 1211 out of 4197; and since inception, returns are 44.11% [2] Group 3 - The fund manager of Southern CSI 2000 ETF is Li Jialiang, who has been in the position for 9 years and 159 days, managing total assets of 9.632 billion CNY. The best fund return during his tenure is 163.15%, while the worst return is -29.58% [3]

二、交易进展情况 近日，滨盈基金全体合伙人完成签署《合伙人决议》，鉴于滨盈 基金投资项目已全部退出，在预留托管、审计和清算费用后，全体合 伙人同意对滨盈基金账户留存现金按照实缴比例进行分配；同意滨盈 证券代码：300766 证券简称：每日互动 公告编号：2025-046 每日互动股份有限公司 关于全资子公司参与投资基金的进展公告 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、误导性陈述或重大遗漏。 一、交易概述 2021年9月10日，每日互动股份有限公司（以下简称"公司"或"每 日互动"）召开第二届董事会第二十四次会议，会议审议通过了《关 于全资子公司参与投资基金的议案》。公司全资子公司杭州应景科技 有限公司拟与浙江盈实私募基金管理合伙企业（有限合伙）、浙江大 胜达包装股份有限公司、杭州电魂网络科技股份有限公司和杭州高新 创业投资有限公司共同投资杭州滨盈创新股权投资合伙企业（有限合 伙）（以下简称"滨盈基金"）。详情请见公司 2021 年 9 月 10 日登 载于巨潮资讯网（http://www.cninfo.com.cn）的《关于全资子公司参 与投资基金的公告》（公告编号：202 ...

Group 1 - Daily Interaction has signed a strategic cooperation agreement with Meishan Xingchan to develop satellite data and intelligent technology integration, aiming to stimulate new momentum in the aerospace digital industry [1][3] - Meishan Xingchan is a state-owned enterprise with a registered capital of 5 billion and total assets exceeding 100 billion, focusing on various sectors including satellite smart city development [1][3] - The collaboration will leverage Meishan Xingchan's technical advantages in satellite remote sensing data and Daily Interaction's innovative technology in data intelligence to enhance data application in key industries [3] Group 2 - Daily Interaction aims to implement the "Data Station" strategy by 2025, promoting a co-creation plan across 100 cities and various scenarios, enhancing the safe and efficient circulation of data elements [2] - The partnership will focus on developing satellite data application technologies and building a credible data space infrastructure, targeting high-value applications in urban governance, public services, emergency response, finance, agriculture, and cultural tourism [3] - The cooperation aligns with national strategies for "Digital China" and "Aerospace Power," aiming to create a competitive space-time intelligent industry ecosystem and promote high-quality development in the aerospace digital industry [3]

Core Viewpoint - The strategic cooperation between Daily Interaction Co., Ltd. and Meishan Tianfu New Area Xingchan Investment Holding Group Co., Ltd. aims to integrate satellite data with intelligent technology, fostering new momentum for the development of the aerospace digital industry [2][4]. Group 1: Company Overview - Daily Interaction is a leading enterprise in China's data intelligence sector, focusing on creating a trustworthy data space and controllable large models to enhance the integration of data intelligence and artificial intelligence technologies [3][7]. - Meishan Xingchan is a wholly state-owned enterprise with a registered capital of 5 billion yuan and total assets exceeding 100 billion yuan, involved in various sectors including investment attraction, financial services, real estate development, and satellite smart city initiatives [2][6]. Group 2: Strategic Cooperation Details - The cooperation will leverage Meishan Xingchan's technical advantages in satellite remote sensing data collection and processing, alongside Daily Interaction's innovative technologies and industry experience, to enhance data intelligence and application in key sectors [4][8]. - The partnership will focus on developing satellite data application technologies and building a trustworthy data space infrastructure, targeting high-value applications in urban governance, public services, emergency response, finance, agriculture, and cultural tourism [4][8]. Group 3: Industry Implications - The collaboration is positioned as a response to national strategies such as "Digital China" and "Aerospace Power," aiming to create a competitive and comprehensive space-time intelligent industry ecosystem [4][8]. - The establishment of the "Satellite Data Station" will facilitate the entire chain of satellite data from collection to application, contributing to the high-quality development of China's aerospace digital industry [4][8].

Core Viewpoint - The A-share market has experienced significant fluctuations in 2023, characterized by a structural bull market driven by policy changes, technological revolutions, and macroeconomic shifts, with the Shanghai Composite Index reaching a peak of 4034 points [2][11]. Group 1: Market Performance - The Shanghai Composite Index rose from a low of 3040 points to a peak of 4034 points within the year, reflecting a volatile market influenced by major events such as the introduction of the DeepSeek technology and various policy measures [2][11]. - The market saw a notable recovery after a period of decline, with the index hitting a low of 2689 points in August 2022 before rebounding significantly due to policy interventions [2][4]. Group 2: Investment Strategies - Investors are advised to focus on stocks with strong performance metrics and to avoid speculative trading, as the market has shown a clear distinction between stocks with solid fundamentals and those driven purely by hype [3][12]. - The importance of aligning investment choices with policy directions, industry trends, and company performance is emphasized, indicating that successful investors are those who adopt a value investment approach [3][12]. Group 3: Sector Insights - The technology sector, particularly in AI and computing power, has emerged as a key area for investment, with companies like DeepSeek leading the charge in innovation and market disruption [8][12]. - The commercial aerospace sector is highlighted as a promising investment area, benefiting from a confluence of policy support, technological advancements, and capital investment [12][13]. Group 4: Lessons Learned - The experience of investors in 2023 underscores the necessity of long-term investment strategies over short-term trading, with a focus on companies that demonstrate core technological capabilities and sustainable growth paths [13][12]. - The shift in market dynamics from a policy-driven narrative to an emphasis on industrial execution and performance is noted, suggesting a more mature investment landscape moving forward [11][13].

Core Viewpoint - The company has signed a strategic cooperation agreement with Meishan Tianfu New Area Xingchan Investment Holding Group Co., Ltd. to collaborate on satellite data and intelligent technology integration, trustworthy data space, and the construction of "satellite data stations" [1] Group 1 - The partnership aims to leverage the strengths of both parties to promote the integration of industrial chains and innovation chains in key areas such as data intelligence and industrial data applications [1] - Meishan Tianfu's subsidiary, HuanTian Wisdom, is the only enterprise in Southwest China with a controllable satellite constellation, possessing technical advantages in satellite remote sensing data collection and processing [1] - The collaboration will focus on developing satellite data application technologies across multiple fields and building a trustworthy data space infrastructure and ecosystem [1] Group 2 - The initiative will target core pain points in various industries, including urban governance, public services, emergency response, finance, agriculture, and cultural tourism, to create data-driven solutions [1] - The partnership aims to enhance the efficiency and social value of data resource utilization by jointly developing a series of data product services [1]

Core Viewpoint - Daily Interaction's stock price has shown significant volatility, with a year-to-date increase of 117.59%, but a recent decline over the past 60 days of 26.10% [1] Group 1: Company Overview - Daily Interaction Co., Ltd. is located in Hangzhou, Zhejiang Province, and was established on December 7, 2010, with its IPO on March 25, 2019 [2] - The company specializes in big data-based mobile internet comprehensive services, providing technical services for mobile application developers, marketing services for advertisers, and data services for various vertical clients [2] - The revenue composition of the company is as follows: data services 86.32%, developer services 11.06%, and others 2.62% [2] Group 2: Financial Performance - For the period from January to September 2025, Daily Interaction achieved a revenue of 334 million yuan, representing a year-on-year growth of 0.33%, while the net profit attributable to shareholders was -54.19 million yuan, a decrease of 953.97% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 78.81 million yuan, with 19.61 million yuan distributed over the past three years [3] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders reached 117,000, an increase of 13.48% from the previous period, with an average of 3,058 circulating shares per person, a decrease of 11.32% [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third-largest, holding 1.8316 million shares, a decrease of 1.6784 million shares from the previous period [3] - Debon Growth Flexible Allocation Mixed A (004260) is the seventh-largest shareholder, holding 632,700 shares as a new entrant [3]

中国发展网讯记者田新元报道为贯彻落实中央经济工作会议精神和全国发展和改革工作会议部署，国家 发展和改革委员会宏观经济研究院(以下简称"宏观院")12月17日在京举办第二十八次全国发展改革系统 研究院(所)长会。会议主题为"激活发展新动能谱写开局新篇章"。国家发展改革委党组成员、副主任王 昌林出席会议并讲话。宏观院院长黄汉权致辞。 宏观院副院长宋葛龙、郭春丽，院纪委书记周康青等，分别主持演讲与交流环节。宋葛龙作会议总结。 国家发展和改革委员会有关司局，全国发展改革系统研究院(所)代表共100多人参加会议。 山东、陕西、山西、江西，北京、上海、重庆、成都等8家省市发改研究院(所)，以及宏观院经济、投 资、产业、区域、能源、经济体制改革等7个研究所共15家单位代表在"推动形成由内需主导、消费拉 动、内生增长的经济发展模式""GDP过2万亿城市发展交流会"2个分论坛进行了交流发言。 与会专家认为，展望即将到来的2026年，我国发展机遇与挑战并存。外部环境的复杂性严峻性不确定性 不减，国内经济发展中面临的问题和挑战仍然不少，供强需弱矛盾突出，重点领域风险隐患较多。但同 时更要认识到，我国经济基础稳、优势多、韧性强、潜力 ...

Group 1 - The core point of the article highlights the performance of the 中证2000ETF嘉实 (159535), which has seen a decline of 0.85% to 1.394 yuan with a trading volume of 707,800 yuan as of the midday close on December 11 [1] - The fund's performance benchmark is the 中证2000 index return, managed by 嘉实基金管理有限公司, with a return of 40.77% since its establishment on September 14, 2023, and a return of -0.98% over the past month [1] Group 2 - The top holdings of 中证2000ETF嘉实 include 华胜天成, which fell by 1.43%, 汉威科技 down by 1.45%, 海立股份 down by 0.87%, and 仕佳光子 up by 4.94% [1] - Other notable stock movements include 东土科技 down by 1.68%, 每日互动 down by 2.23%, 宏创控股 up by 2.48%, 炬光科技 down by 2.01%, 永鼎股份 up by 9.98%, and 美湖股份 down by 1.41% [1]

Core Viewpoint - Daily Interaction Co., Ltd. is under scrutiny from the Shenzhen Stock Exchange regarding the compliance of its data resources being treated as intangible assets, specifically questioning the recognition criteria and subsequent measurement of these assets [1] Group 1: Compliance and Accounting Treatment - The regulatory body has requested clarification on the conditions for recognizing data resources as intangible assets, the standards for accumulating IDC costs, and how these costs are distinguished from operating costs [1] - Daily Interaction asserts that its legally accumulated data resources, after being desensitized and cleaned, form high-utility assets primarily used for monetization in commercial and public services, meeting the criteria for intangible asset recognition [1] - The company states that IDC costs related to data collection and mining (such as cabinet rental and bandwidth fees) are categorized as data resource costs, with a clear distinction from operating costs achieved through dedicated account usage statistics [1] Group 2: Industry Comparison and Future Implications - Daily Interaction emphasizes that its accounting treatment aligns with industry peers such as Tuoer Si and Kaipu Cloud [1] - Starting in 2024, IDC costs previously recorded as expenses will be capitalized and amortized over five years, significantly impacting profits: in 2024, the net increase in the book value of data resources will enhance profits by 43.69 million yuan [1] - However, the increase in amortization expenses in the first three quarters of 2025 is expected to lead to a decline in gross margin, with the company noting that the profit-boosting effect of future investments in data assets will gradually diminish [1]