Core Viewpoint - The announcement from Baolande indicates a significant share transfer involving its controlling shareholder, which may impact the company's ownership structure and market perception [1] Group 1: Share Transfer Details - Baolande's controlling shareholder, Mr. Yi Cundao, has signed a share transfer agreement with Tianyang Technology on November 3, 2025 [1] - Mr. Yi plans to transfer 5.83 million shares at a price of 26.56 yuan per share, representing 7.5% of the company's total share capital [1]

宝兰德公告，控股股东、实际控制人易存道拟以协议转让方式将其持有的583万股公司股份转让给天阳 科技，占公司总股本的7.50%。转让价格为26.56元/股，总价款为1.55亿元。转让完成后，易存道持有公 司股份2160.27万股，占总股本的27.79%。天阳科技持有公司583万股，占总股本的7.50%。此次权益变 动不涉及公司控制权变更，不会导致公司控股股东及实际控制人发生变化。 ...

宝兰德公告称，控股股东、实控人易存道拟以协议转让方式，将583万股（占总股本7.50%）以26.56元/ 股转让给天阳科技，转让价款1.55亿元，分四期支付。本次转让后，易存道持股降至27.79%，天阳科技 持股7.50%，不涉及控制权变更。交易需经上交所审核及中登公司办理过户，天阳科技承诺12个月内不 减持。 ...

Group 1 - The People's Bank of China plans to implement the "Artificial Intelligence +" action plan to accelerate the introduction of related policy documents for "AI + Finance," promoting the digital and intelligent transformation of the financial sector [1] - The "14th Five-Year Plan" and the deepening of the "Artificial Intelligence +" initiative will significantly reshape the financial industry landscape, with AI penetrating various areas such as intelligent customer service, marketing, internal operations, investment advisory, wealth management, research, risk control, and internal development [1] - Financial IT service providers are becoming key players in the AI + finance market due to their advantages in financial data, business understanding, and technology, with a new approach emerging as both AI technology availability and financial industry application demand increase [1] Group 2 - Tianyang Technology has established a smart finance joint laboratory in collaboration with Hunan University, successfully developing several large models and an application development platform leveraging the national supercomputing center [2] - Jinzhi Co., a subsidiary of Jinzhi Holdings, has upgraded its digital employee solutions from RPA + AI to AI Agent-based systems [2]

Financial Performance - The company's operating revenue for Q3 2025 was ¥519,570,185.88, representing a 9.64% increase year-over-year[5] - Net profit attributable to shareholders for the same period was ¥6,725,678.53, a significant increase of 214.24% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was -¥9,152,488.76, a decrease of 38.76% year-over-year[5] - Basic earnings per share for Q3 2025 was ¥0.01, up 200.00% from the same period last year[5] - The company's total revenue for the current period reached RMB 1,516,225,246.99, compared to RMB 1,402,490,787.47 in the previous period, reflecting a growth of approximately 8.1%[26] - The net profit for the current period is 53,864,270.01, a decrease of 35.4% compared to 83,271,641.68 in the previous period[27] - The total comprehensive income for the current period is 186,915,708.79, up 90.9% from 97,822,547.81 in the previous period[28] - Basic and diluted earnings per share decreased to 0.12 from 0.21, representing a decline of 42.9%[28] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,381,322,977.69, an increase of 4.37% from the end of the previous year[5] - The total liabilities decreased to RMB 730,708,378.14 from RMB 977,245,646.27, a reduction of approximately 25.2%[24] - The company's equity attributable to shareholders increased to RMB 3,644,626,929.07 from RMB 3,221,078,383.71, reflecting a growth of about 13.1%[24] Cash Flow - The company reported a cash flow from operating activities net amount of -¥214,151,914.42, a decrease of 9.96% year-to-date[5] - Cash inflows from operating activities totaled 1,458,585,213.16, slightly down from 1,458,601,855.85 in the previous period[28] - Cash outflows from operating activities increased to 1,672,737,127.58 from 1,653,349,877.68, resulting in a net cash flow from operating activities of -214,151,914.42[28] - The net cash flow from investing activities decreased by 97.02% to -$12,540,251.69, primarily due to the sale of Capital Online shares[13] - Cash inflows from investing activities amounted to 2,527,926,082.41, compared to 1,358,496,919.83 in the previous period, indicating a significant increase[29] - Cash outflows from investing activities rose to 2,540,466,334.10 from 1,779,373,667.61, leading to a net cash flow from investing activities of -12,540,251.69[29] - Cash inflows from financing activities decreased to 331,201,673.15 from 516,541,421.00, reflecting a decline of 35.8%[29] - The ending cash and cash equivalents balance is 910,901,248.88, down from 1,062,008,025.46 in the previous period[29] Shareholder Information - The total number of common shareholders at the end of the reporting period was 49,497[15] - Ouyang Jianping, the largest shareholder, holds 18.05% of shares, totaling 88,105,854, with 66,079,390 shares pledged[15] - Lianyungang Haohong Investment holds 8.14% of shares, totaling 39,750,117, with no pledged shares[15] - The top ten shareholders collectively hold significant stakes, with the largest shareholder controlling 18.05%[15] - The company has a repurchase account holding 4,346,480 shares, representing 0.89% of total shares[16] - The company has not disclosed any changes in the top ten shareholders due to securities lending activities[17] - The company has not identified any related party relationships among shareholders beyond the known connections[16] Corporate Governance - The company completed the election of the fourth board of directors and senior management on October 10, 2025[18] - The company approved the 2025 Restricted Stock Incentive Plan, granting 4,346,480 shares to 37 eligible participants on October 10, 2025[19] Research and Development - Research and development expenses for the quarter amounted to ¥146,317,089.85, a 37.54% increase compared to the previous year[12] - Research and development expenses increased to RMB 146,317,089.85 from RMB 106,381,407.73, representing a growth of approximately 37.5%[26] Government Subsidies - The company recorded government subsidies of ¥17,290,020.00 for the current period, contributing to its financial performance[8] Audit Status - The company has not undergone an audit for the third quarter financial report[30]

Group 1 - The core point of the news is that Tianyang Technology conducted a block trade on October 29, with a total of 263,700 shares traded, amounting to 5.4111 million yuan, which represents 2.2% of the total trading volume for the day [1][2] - The transaction price was 20.52 yuan per share, which is a discount of 9.52% compared to the market closing price of 22.68 yuan [1][2]

Core Viewpoint - Tianyang Technology's stock has experienced fluctuations, with a year-to-date increase of 39.17%, but recent declines in the short term indicate potential volatility in investor sentiment [1][2]. Company Overview - Tianyang Technology, established on July 9, 2003, and listed on August 24, 2020, is located in Chaoyang District, Beijing. The company specializes in technology development, technical services, consulting services, and system integration [1]. - The revenue composition of Tianyang Technology includes: 69.43% from technology development, 28.56% from technical services, 1.40% from consulting services, 0.47% from system integration, and 0.13% from other sources [1]. Financial Performance - For the first half of 2025, Tianyang Technology reported a revenue of 999.7 million yuan, representing a year-on-year growth of 7.33%. However, the net profit attributable to shareholders decreased by 44.01% to 51.04 million yuan [2]. - Since its A-share listing, Tianyang Technology has distributed a total of 110 million yuan in dividends, with 42.78 million yuan distributed over the past three years [3]. Shareholder and Market Activity - As of June 30, 2025, the number of shareholders for Tianyang Technology increased to 65,100, a rise of 90.69%. The average number of circulating shares per person decreased by 46.14% to 6,257 shares [2]. - The stock has appeared on the "Dragon and Tiger List" three times this year, with the most recent instance on June 16, where it recorded a net purchase of 231 million yuan [1]. Institutional Holdings - As of June 30, 2025, the seventh largest circulating shareholder is the Huabao Zhongzheng Financial Technology Theme ETF, holding 3.1997 million shares as a new shareholder. Hong Kong Central Clearing Limited has exited the top ten circulating shareholders [3].

4、类型：股份有限公司（上市、自然人投资或控股）； 证券代码：300872 证券简称：天阳科技 公告编号：2025-109 天阳宏业科技股份有限公司 关于完成工商变更登记并换发营业执照的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 天阳宏业科技股份有限公司（以下简称"公司"）于 2025 年 8 月 22 日召开 第三届董事会第三十二次会议，2025 年 10 月 10 日召开 2025 年第二次临时股东 大会，审议通过了《关于变更公司注册资本的议案》、《关于修订<公司章程> 并办理工商变更登记的议案》，具体内容详见公司于 2025 年 8 月 26 日、2025 年 10 月 10 日在巨潮资讯网（www.cninfo.com.cn）披露的相关公告。 目前，公司已办理完成了上述事项的工商变更登记及《公司章程》备案手续， 并取得了拉萨经济技术开发区市场监督管理局核发的《营业执照》，具体内容如 下： 1、名称：天阳宏业科技股份有限公司； 2、统一社会信用代码：91110108752161931Y； 3、注册资本：肆亿捌仟捌佰壹拾贰万壹仟零捌拾叁圆整； 5 ...

Core Insights - The seminar focused on the integration of quantum computing and AI in the financial sector, aiming to establish a self-controlled "quantum finance" ecosystem [1][2] - Tianyang Technology announced the "Quantum Enhancement Plan" to explore deep integration of technology and financial services, positioning itself strategically in the financial market [1] - The collaborative model formed during the seminar is expected to enhance resource integration and innovation within the financial technology sector [2] Company Developments - Tianyang Technology has acquired exclusive permanent licensing for Algo market risk software and source code in mainland China, marking its entry into the financial market [1] - The company plans to increase investments in next-generation computing and AI to strengthen its competitive edge in the financial sector [1] - The chairman of Tianyang Technology emphasized the need for a comprehensive industry chain layout to build competitive barriers and secure a favorable position in the future [2] Industry Trends - The competition in the financial technology industry has evolved from single product or solution competition to a comprehensive ecosystem competition covering core technologies, application scenarios, and industry empowerment [2] - The collaborative efforts aim to reduce reliance on external technologies and accelerate the self-sufficiency of core technologies within the financial sector [2]

Core Viewpoint - The recent seminar hosted by Tianyang Technology focused on the integration of quantum computing and AI in the financial sector, aiming to establish a self-controlled "quantum finance" computing ecosystem, which is expected to drive the next generation of financial technology development [1][2]. Group 1: Seminar Highlights - The seminar addressed two main themes: "Quantum Computing + AI: Building the 'Next Engine' for Financial Markets" and "Empowering New Productive Forces: Creating a Quantum Technology Industry Corps" [1]. - Participants engaged in deep discussions to identify key upgrades in the industry, providing a clear path for the transition from traditional computing power to a "quantum + AI integrated" approach [1]. Group 2: Strategic Initiatives - Tianyang Technology announced the "Quantum Enhancement Plan" to explore the deep integration of technology and financial services, with a focus on the financial market as a strategic direction [1]. - The company has secured exclusive permanent licensing for Algo market risk software and source code in mainland China, and launched the Tianyang Technology Innovation Version in the financial market [1]. Group 3: Competitive Positioning - The company plans to increase investments in next-generation computing and AI to enhance its competitive edge in the financial market, while also deepening collaborations in semiconductors and AI [2]. - Tianyang Technology's strategic layout includes acquiring Algo market risk software, investing in AI unicorns, and establishing joint ventures, forming a comprehensive strategy around "data + algorithms + computing power" [2]. Group 4: Industry Evolution - The competition in the industry has evolved from focusing on single products or solutions to a comprehensive ecosystem that covers core technologies, application scenarios, computing support, and industrial empowerment [2]. - The collaborative construction of a self-controlled quantum finance ecosystem is expected to reduce reliance on external technologies and accelerate the realization of core technology autonomy and intelligent business scenarios [3].