Group 1 - The digital currency concept saw a strong surge on the 16th, with Tianyang Technology rising approximately 15% and hitting a trading limit, while Dongxin Peace reached the trading limit as well, and others like Feitian Chengxin and Hailian Jinhui increased over 8% [1] - On May 20, the U.S. Senate advanced the "Stablecoin Unified Standards Guarantee Act" with a vote of 66 in favor and 32 against, marking significant progress for the bill [1] - The Hong Kong Special Administrative Region government published the "Stablecoin Regulation" in the official gazette on May 30, with the regulation set to take effect on August 1, 2025 [1] Group 2 - Guohai Securities stated that stablecoins are cryptocurrencies pegged to fiat currencies or assets, providing price stability and blockchain compatibility, serving as a bridge between traditional finance and the crypto ecosystem [2] - Stablecoins have accelerated their entry into traditional financial sectors, particularly in cross-border payments and foreign exchange savings, due to their characteristics of peer-to-peer payments, efficiency, low cost, and stable value [2] - The formal establishment of the "Stablecoin Regulation" in Hong Kong and the IPO initiation by leading stablecoin company Circle indicate a potential acceleration in the development of the digital currency industry [2]

A股数字货币概念股走高，天阳科技20CM涨停，东信和平、海联金汇、恒宝股份涨停，四方精创、飞 天诚信、正元智慧跟涨。 ...

早盘稳定币概念 拉升， 天阳科技20CM涨停，此前 协鑫能科走出2连板， 海联金汇、 东信和平、 恒宝 股份涨停， 四方精创、 飞天诚信、 元隆雅图、 御银股份等涨幅靠前。消息面上，上周五美股稳定币概 念股 Circle收盘大涨逾25%。 ...

数字货币板块再度拉升，海联金汇（002537）涨停，天阳科技（300872）涨超10%，飞天诚信 （300386）、优博讯（300531）、正元智慧（300645）、信安世纪、法本信息（300925）等跟涨。 暗盘资金一眼洞悉庄家意图>> ...

Core Insights - The company focuses on core business and strategic clients, leading in bank IT sectors such as credit and credit card services, while leveraging AI and internationalization as growth engines [1] - The company maintains an "overweight" rating despite a competitive market, adjusting EPS forecasts for 2025-2026 to 0.20/0.27 yuan, with a new 2027 EPS forecast of 0.35 yuan, and raising the target price to 23.21 yuan per share [2] - The company has solidified its core business barriers, ranking in the top three in credit card and credit management, with a market share in credit cards leading for five consecutive years [3] Financial Performance - In 2024, the company achieved revenue of 1.766 billion yuan, a decrease of 8.76% year-on-year, and a net profit of 78 million yuan, down 33.60% year-on-year [2] - In Q1 2025, the company reported revenue of 487 million yuan, a slight decline of 0.19% year-on-year, and a net profit of 26 million yuan, down 71.88% year-on-year [2] - The decline in revenue is attributed to business restructuring and longer settlement cycles for major client projects, while profit decline is due to increased convertible bond interest expenses and goodwill impairment [2] Growth Drivers - The company added over 20 credit-related projects in 2024, generating approximately 500 million yuan in credit-related revenue [3] - In the AI sector, the company generated nearly 70 million yuan in revenue in 2024, collaborating with Hunan University to develop significant products and integrating with DeepSeek [3] - The company is exploring international development opportunities, having established strategic partnerships with three multinational banking groups and leading in the stablecoin sector with a credit card product that allows stablecoin recharge [3]

| 证券代码：300872 | 证券简称：天阳科技 | 公告编号：2025-059 | | --- | --- | --- | | 债券代码：123184 | 债券简称：天阳转债 | | 天阳宏业科技股份有限公司 关于"天阳转债"预计触发赎回条件的提示性公告 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。 特别提示： 天阳宏业科技股份有限公司（以下简称"公司"）股票价格自 2025 年 5 月 28 日至 2025 年 6 月 11 日，已有连续 10 个交易日的收盘价格不低于"天阳转债"当期转股价格 （11.71 元/股）的 130%（即 15.23 元/股）。若在未来触发"天阳转债"的有条件赎回条款 （即"在本次发行的可转债转股期内，如果公司股票在任意连续三十个交易日中至少十 五个交易日的收盘价格不低于当期转股价格的 130%（含 130%）"），根据《天阳宏业 科技股份有限公司向不特定对象发行可转换公司债券募集说明书》（以下简称"《募集 说明书》"）中有条件赎回条款的相关规定，届时公司董事会将有权决定按照债券面值 加当期应计利息的价格赎回全部或部分未转股 ...

这几只票暗盘资金正在偷偷流入，立即查看>> 稳定币概念股反弹，雄帝科技（300546）涨停，此前楚天龙（003040）、南天信息（000948）涨停，恒 宝股份（002104）、四方精创（300468）、天阳科技（300872）等跟涨。 ...

Group 1 - The internet finance sector is experiencing significant upward movement, with Zhaori Technology (300333) hitting the daily limit up [1] - Nantian Information (000948) and Yue Media (002181) previously reached the limit up, while Zhisheng Information increased by over 10% [1] - Other companies such as Sifang Jingchuang (300468), Changliang Technology (300348), Tianyang Technology (300872), Tianji Technology (300245), and Huaxin Yongdao are also seeing gains [1]

Market Overview - The Shanghai Composite Index rose by 0.23% on June 5, with 12 out of 28 sectors experiencing gains, led by the communication and electronics sectors, which increased by 2.62% and 2.31% respectively [1] - The computer industry ranked third in terms of daily gains, with a rise of 2.12% [1] Fund Flow Analysis - The main funds in the two markets experienced a net outflow of 337 million yuan, while 11 sectors saw net inflows [1] - The electronics sector had the largest net inflow, totaling 4.841 billion yuan, followed by the computer sector with a net inflow of 3.214 billion yuan [1] - The pharmaceutical and food & beverage sectors faced the highest net outflows, with 4.879 billion yuan and 1.285 billion yuan respectively [1] Computer Industry Performance - The computer industry saw a total of 336 stocks, with 298 stocks rising and 35 stocks declining [2] - The top three stocks with the highest net inflow were: - Dawi Technology: 544.4 million yuan - Tuo Wei Information: 309.4 million yuan - Yuxin Technology: 293 million yuan [2] - The stocks with the highest net outflow included: - Zhongke Jincai: 306.3 million yuan - Tianyang Technology: 131.4 million yuan - Ziguang Co., Ltd.: 73.4 million yuan [3] Top Gainers and Losers in Computer Industry - Top gainers in the computer industry included: - Dawi Technology: +10.01% - Tuo Wei Information: +8.06% - Yuxin Technology: +14.73% [2] - Top losers included: - Zhongke Jincai: +3.79% - Tianyang Technology: -0.33% - Ziguang Co., Ltd.: +2.36% [3]

Summary of Conference Call Records Company and Industry Involved - **Companies**: - Zhenyu Technology (震裕科技) - Tianyang Technology (天阳科技) - Yongtai Technology (永太科技) - **Industries**: - Robotics - Lithium Battery Materials - Stablecoins and Credit Card Services Key Points and Arguments Zhenyu Technology 1. **Entry into Robotics**: The company is fully entering the robotics field starting from lead screws, planning to build a fully automated production line by 2025. The focus is on precision components and components for robotics, leveraging experience from the new energy vehicle industry [1][2] 2. **Production Capacity**: Two semi-automated production lines for planetary roller screws have been established, with an average daily capacity of 100 sets. A fully automated production line is planned for 2025 to enhance consistency and stability in large-scale production [2] 3. **Product Development**: The company has successfully developed micro lead screw products and received small batch orders for precision components. Some robotic products have already been delivered in small quantities, generating revenue [3] Tianyang Technology 1. **Demand for Stablecoins**: There is a strong demand for stablecoins in the real economy, particularly in cross-border e-commerce and trade, due to their advantages over traditional bank settlements [5][7] 2. **Stablecoin Credit Card Product**: The company is promoting a credit card product that allows users to recharge using stablecoins. The technology for integrating blockchain stablecoin wallets is mature [8] 3. **Market Position**: Tianyang Technology is ranked first in the domestic credit card sector, with over 20 years of development history, establishing itself as a key partner in the payment ecosystem [9] Yongtai Technology 1. **Lithium Battery Material Profitability**: The profitability of the lithium battery materials sector is gradually improving, with a 34% year-on-year increase in structural component revenue in Q1 2025. The company expects continued rapid growth in revenue and profitability due to scale effects [4] 2. **Supply and Demand Balance**: The supply-demand balance for lithium hexafluorophosphate is improving, with a concentration of supply and steady growth in demand from the power and energy storage sectors [11] 3. **Production Efficiency**: The company has increased its production capacity for liquid dual fluorine to 67,000 tons per year, with rising utilization rates and reduced production costs due to process optimization [12] Other Important but Potentially Overlooked Content - The integration of stablecoins into credit card systems is seen as a significant innovation that could enhance transaction efficiency in international trade [7] - The focus on automation and efficiency in production lines across all companies indicates a broader industry trend towards technological advancement and cost reduction [4][12]