投资者： 海南自贸港ESG强制披露政策预计何时出台？公司作为本地征信机构，是否参与标准制定？ 董秘： 您好，关于海南自贸港ESG强制披露政策出台时间，目前公司尚未收到这方面的消息，我们将 继续密切关注相关政策动态。公司投资的海南绿色数字信用有限公司及其相关股东积极参与ESG相关标 准制定，包括参与财政部企业可持续披露标准制定相关咨询与征求意见等工作、与信用评级主管部门共 同开展ESG评级业务监管制度设计研究等。海南绿色数字信用有限公司将绿色金融、数字技术和信用体 系有机结合，主要开展以下三方面工作：一是利用大数据、区块链等技术，基于财政部企业可持续披露 标准要求，为海南自贸港企业构建ESG数据平台与绿色信用体系，赋能企业ESG转型；二是通过将企业 ESG数据与征信数据深度融合，打造以企业可持续发展综合评价为核心的企业数字化信用评价体系，为 企业可持续发展挂钩融资（如ESG挂钩信贷与债券、碳金融工具等）提供数据支持；三是利用自贸港跨 境资金流动便利政策，吸引国际资本投资海南自贸港绿色项目，通过追踪企业供应链ESG表现，服务于 跨境投融资与国际绿色供应链管理需求，帮助海南自贸港企业（如热带高效农业、旅游业、深海产 ...

Group 1 - BeiGene reported a net profit of 450 million yuan for the first half of 2025, reversing a loss of 287.7 million yuan in the same period last year, with a total revenue of 17.518 billion yuan, up 46.0% year-on-year [1] - The company attributed the profit increase to significant growth in product revenue and improved operational efficiency through cost management [1] Group 2 - Tianyang Technology is planning to acquire a portion of the equity in Tonglian Financial Services Co., Ltd. and related companies, aiming to enhance its competitive advantage in credit card and consumer finance system services [2] - The acquisition is expected to create synergies in areas such as industry positioning, product development, and technical services [2] Group 3 - ST Yazhen's stock experienced abnormal trading fluctuations, with a cumulative price increase of 12% over three consecutive trading days, leading to a suspension of trading for investigation starting August 7, 2025 [3] - The company noted that the short-term price increase significantly deviated from the Shanghai Composite Index and the furniture manufacturing industry [3] Group 4 - Shunbo Alloy reported a revenue of approximately 7.126 billion yuan for the first half of 2025, an increase of 11.75% year-on-year, with a net profit of about 176.6 million yuan, up 110.56% [4] - Tapa Group achieved a revenue of approximately 2.056 billion yuan, a 4.05% increase year-on-year, with a net profit of about 435.4 million yuan, up 92.47% [4] - Liyuan Information reported a revenue of approximately 4.034 billion yuan, a 17.46% increase year-on-year, with a net profit of about 96.1 million yuan, up 65.79% [5] Group 5 - Zhongchumei reported a revenue of approximately 461.1 million yuan for the first half of 2025, a 16.46% increase year-on-year, with a net profit of about 126.8 million yuan, up 31.52% [5] - Pudong Development Bank reported a revenue of approximately 90.559 billion yuan, a 2.62% increase year-on-year, with a net profit of about 29.737 billion yuan, up 10.19% [5]

Group 1: Company Performance - BeiGene reported a net profit of 450 million yuan for the first half of 2025, marking a turnaround from losses in the previous year, with product revenue increasing by 45.8% to 17.36 billion yuan and total revenue rising by 46.0% to 17.52 billion yuan [1] - CITIC Securities announced that Huaxia Fund achieved an operating income of 4.258 billion yuan and a net profit of 1.123 billion yuan in the first half of 2025, with total comprehensive income of 1.106 billion yuan [3] - Shanghai Pudong Development Bank's net profit for the first half of 2025 was 29.737 billion yuan, reflecting a year-on-year growth of 10.19%, with total operating income of 90.559 billion yuan, up 2.62% [6] - Xianhe Co. plans to invest approximately 11 billion yuan in a new integrated high-performance paper-based material project, with an expected annual output value of about 5.15 billion yuan from the first phase [7] - Shengmei Shanghai reported a net profit of 696 million yuan for the first half of 2025, representing a year-on-year increase of 56.99% [14] Group 2: Regulatory and Corporate Actions - Sino Medical's subsidiary received breakthrough medical device designation from the FDA for its intracranial atherosclerosis treatment product, marking it as the first of its kind globally [2] - *ST Dongtong's actual controller and chairman is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws [8] - Tianyang Technology is planning to purchase equity in Tonglian Financial Services, with key transaction details still under negotiation [10] - Dongfang Guoxin's major shareholder reduced their stake by 2.68 million shares, decreasing their total shareholding from 27.06% to 26.82% [5] - Filinger's president reduced his holdings by 8,600 shares during a period of stock price volatility, while other executives did not sell shares [4]

Group 1: Company Performance - BeiGene reported a net profit of 450 million yuan for the first half of 2025, marking a turnaround from losses in the previous year, with product revenue increasing by 45.8% to 17.36 billion yuan and total revenue rising by 46.0% to 17.52 billion yuan [1] - CITIC Securities announced that Huaxia Fund achieved a net profit of 1.123 billion yuan in the first half of 2025, with total operating income of 4.258 billion yuan and total comprehensive income of 1.106 billion yuan [1] - Shanghai Pudong Development Bank reported a net profit of 29.737 billion yuan for the first half of 2025, reflecting a year-on-year growth of 10.19%, with total operating income of 90.559 billion yuan, up 2.62% [4] - Xianhe Co., Ltd. plans to invest approximately 11 billion yuan in a new integrated high-performance paper-based material project, with an expected annual output value of about 5.15 billion yuan from the first phase [5] - Shunbo Alloy reported a net profit growth of 110.56% year-on-year for the first half of 2025 [12] Group 2: Regulatory and Corporate Actions - Sino Medical announced that its subsidiary received breakthrough medical device designation from the FDA for a new intracranial atherosclerosis treatment product, marking a significant milestone as the first of its kind globally [1] - *ST Dongtong's actual controller and chairman is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws [6][7] - Tianyang Technology is planning to purchase equity in Tonglian Jinfu and related companies, with key transaction details still under negotiation [8] - Filinger reported stock price fluctuations, with the president reducing his holdings by 8,600 shares during a period of abnormal trading activity [2] - Dongfang Guoxin's controlling shareholder reduced their stake by 2.68 million shares, decreasing their total shareholding from 27.06% to 26.82% [3]

2025.08. 06 8月6日晚间，沪深两市多家上市公司发布公告，以下是第一财经对一些重要公告的汇总，供投资者 参考。 【品大事】 仙鹤股份：拟110亿元投建林浆纸用一体化高性能纸基新材料项目 仙鹤股份公告，公司拟投资约110亿元建设林浆纸用一体化高性能纸基新材料项目，其中一期投资约 55亿元，二期投资约55亿元，正式动工之日起计三年内实现一期投产。一期项目计划投资约55亿 元，预计年产值约51.5亿元，年税收约4.5亿元，提供就业岗位约2000人。二期项目将根据一期项 目的实施情况，参照市场形势和企业经营情况，适时投资建设。 *ST亚振：股票交易异常波动 8月7日起停牌核查 中信证券：华夏基金上半年净利润11.23亿元 *ST亚振公告，公司股票于2025年7月30日至8月6日收盘价格涨幅偏离值累计达到33.92%。公司 股票短期涨幅与同期上证指数、家具制造业存在严重偏离。公司将就股票交易情况进行核查。经申 请，公司股票自2025年8月7日开市起停牌，自披露核查公告后复牌，预计停牌时间不超过10个交易 日。 天阳科技：正在筹划购买通联金服及相关公司部分股权 天阳科技公告，公司正在筹划以支付现金的方式购买上海 ...

格隆汇8月6日丨天阳科技(300872.SZ)公布，公司正在筹划以支付现金的方式购买上海通联金融服务有 限公司（简称"通联金服"）及相关公司（如涉及，合称"标的公司"）的部分股权，最终的交易对手方、 交易方案、持股比例、交易价格等核心要素尚未确定，投资方案仍需进一步论证和协商，尚存在重大不 确定性；通联金服是为银行等金融机构提供系统运维和技术外包服务的高新技术企业，已在信用卡系统 运维和技术服务以及消费金融系统外包和技术服务等领域，形成了自己的产品服务优势，标的公司与天 阳科技在行业赛道、客户定位、产品研发、技术服务、系统运维等方面具有高度匹配性，双方有意向就 股权投资和业务、技术、产品协同等领域开展合作。 ...

Core Viewpoint - Tianyang Technology is planning to acquire a portion of equity in Shanghai Tonglian Financial Services Co., Ltd. and related companies through cash payment, with key elements such as counterparties, transaction plans, shareholding ratios, and transaction prices yet to be determined [1] Summary by Relevant Sections - The investment proposal is still in the preliminary planning stage and requires further verification and negotiation [1] - Initial research and estimates suggest that this external investment will not meet the criteria for a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies" [1] - The transaction is currently characterized by significant uncertainty [1]

证券代码：300872 证券简称：天阳科技 公告编号：2025-081 天阳宏业科技股份有限公司 关于筹划对外投资的提示性公告 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： 1、天阳宏业科技股份有限公司（以下简称"天阳科技"、"公司"）正在筹划以 支付现金的方式购买上海通联金融服务有限公司（简称"通联金服"）及相关公司（如 涉及，以下合称"标的公司"）的部分股权（以下简称"本次交易"），最终的交易 对手方、交易方案、持股比例、交易价格等核心要素尚未确定，投资方案仍需进一步 论证和协商，尚存在重大不确定性； 2、根据初步研究和测算，本次对外投资事项预计不会达到《上市公司重大资产重 组管理办法》规定的重大资产重组条件，不构成重大资产重组；本次对外投资事项亦 不构成关联交易；本次交易拟采用现金方式，不涉及公司发行股份，不会导致公司控 制权变更； 3、本次交易尚处于初步筹划阶段且预计难以保密，交易对手方、交易方案、持股 比例、交易价格等核心要素仍需进一步论证和协商，尚需履行公司、标的公司及交易 对方必要的内外部相关决策、审批程序，存在未能通过该等决策、审 ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The global virtual asset licensing system has essentially taken shape, with a systematic regional regulatory framework established [3] - Different regions exhibit variations in virtual asset licensing, reflecting distinct regulatory logics and strategic focuses [3] - Three major collaborative trends are emerging: local currency anchoring, asset custody, and anti-money laundering compliance [3] - Licensed operators and service providers are expected to become mainstream, with regulated trading platforms and stablecoin assets presenting lower risks [3] - The licensing will serve as a significant valuation support factor, with leading companies holding core licenses enjoying first-mover advantages and competitive moats [3] Summary by Sections 01 Global Virtual Asset Licensing System - The licensing framework in Hong Kong includes a dual regulatory structure for stablecoin issuers and virtual asset service providers (VASP) [8][9] - Hong Kong's VASP license requires compliance with strict operational and auditing standards, enhancing market transparency and investor safety [10] - Singapore's regulatory approach emphasizes innovation while ensuring market safety through a clear regulatory framework [11][12] - The European MiCA framework provides comprehensive regulations for crypto assets, categorizing them into electronic money tokens, asset-referenced tokens, and utility tokens [13][14] - The U.S. regulatory landscape is characterized by a complex multi-layered system involving federal and state-level oversight [17][18] 02 Differences and Collaborations in Regional Licensing - Hong Kong's licensing system is more inclusive for retail investors compared to Singapore's cautious approach [26] - The regulatory frameworks in Hong Kong and Europe aim to provide clear guidelines to foster innovation while ensuring compliance [26] - The U.S. regulatory environment is fragmented, requiring compliance with both federal and state regulations [26] 03 Investment Recommendations - Beneficial targets include licensed firms such as Zhongyou Capital, Bank of China Hong Kong, and Coinbase Global [4] - The report highlights the importance of holding licenses as a key factor for valuation and competitive advantage in the virtual asset industry [3][4]

Group 1 - The company issued 9.75 million convertible bonds with a total value of 975 million yuan, each with a face value of 100 yuan, approved by the China Securities Regulatory Commission [1] - The convertible bonds began trading on the Shenzhen Stock Exchange on April 18, 2023, under the name "Tianyang Convertible Bonds" with the code "123184" [1] - The initial conversion price for the bonds was set at 14.92 yuan per share [2] Group 2 - The conversion period for the bonds started on October 9, 2023, and will last until the maturity date on March 22, 2029 [2] - The board of directors approved a downward adjustment of the conversion price to 11.88 yuan per share effective from February 27, 2024, due to the stock price being below 85% of the conversion price for a specified period [3] - The conversion price was further adjusted to 11.83 yuan per share effective from May 22, 2024, following the annual profit distribution plan [4] Group 3 - The company has a conditional redemption clause for the convertible bonds, which can be triggered if the stock price exceeds 130% of the conversion price for a specified period [11] - As of May 28, 2025, the stock price met the conditions for triggering the redemption clause, allowing the company to redeem the bonds [11] - The redemption price was calculated to be 100.24 yuan per bond, including interest, with a total redemption amount of approximately 1.49 million yuan for 14,885 bonds [12] Group 4 - The total face value of the redeemed bonds accounted for 0.15% of the total issuance, which will not significantly impact the company's financial status or cash flow [13] - Following the redemption, the convertible bonds will be delisted from the Shenzhen Stock Exchange [14] - The total number of shares increased by 82,710,679 due to the conversion of the bonds, which may dilute earnings per share in the short term [14]