证券代码：300872 证券简称：天阳科技 公告编号：2025-113 特此公告。 天阳宏业科技股份有限公司董事会 2025 年 12 月 10 日 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 1 月 26 日召开 第三届董事会第二十六次会议、第三届监事会第十九次会议，审议通过了《关于 使用部分闲置募集资金暂时补充流动资金的议案》，同意公司在不影响募集资金 投资项目正常进行的前提下，使用总金额不超过人民币 4 亿元（含 4 亿元）的闲 置募集资金暂时补充流动资金，用于与主营业务相关的生产经营，使用期限自董 事会审议通过之日起不超过 12 个月，即到期日为 2026 年 1 月 25 日。具体内容 详见公司在巨潮资讯网（http://www.cninfo.com.cn）披露的《关于使用部分闲置 募集资金暂时补充流动资金的公告》（公告编号：2025-008）。 截至本公告披露日，公司实际使用 30,000,000 元闲置募集资金用于暂时补充 流动资金。在使用闲置募集资金暂时补充流动资金期间，公司严格 ...

Core Viewpoint - Tianyang Technology's stock has experienced fluctuations, with a year-to-date increase of 21.53% but a recent decline in the last 5, 20, and 60 trading days [1][2] Group 1: Stock Performance - As of December 3, Tianyang Technology's stock price is 19.08 CNY per share, with a market capitalization of 9.313 billion CNY [1] - The stock has seen a net outflow of 7.8119 million CNY in principal funds, with significant selling pressure in large orders [1] - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent net purchase of 231 million CNY on June 16 [1] Group 2: Financial Performance - For the period from January to September 2025, Tianyang Technology reported revenue of 1.516 billion CNY, a year-on-year increase of 8.11%, while net profit attributable to shareholders decreased by 32.25% to 57.7671 million CNY [2] - The company's main business revenue composition includes 69.43% from technology development, 28.56% from technology services, 1.40% from consulting services, and 0.47% from system integration [1] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders is 49,500, a decrease of 24.01%, while the average circulating shares per person increased by 36.27% to 8,526 shares [2] - The company has distributed a total of 110 million CNY in dividends since its A-share listing, with 42.7816 million CNY distributed in the last three years [3] - Among the top ten circulating shareholders, Huabao Zhongzheng Financial Technology Theme ETF holds 6.4686 million shares, an increase of 3.2689 million shares compared to the previous period [3]

证券日报网讯 天阳科技11月26日在互动平台回答投资者提问时表示，公司是阿里云的合作伙伴，公司 的关键产品已经完成阿里云和OceanBase数据库的适配性认证，同时公司同阿里云开展大模型方面的合 作，以阿里通义千问大模型为底座，发布了多款金融行业垂直领域的小模型。 （编辑 袁冠琳） ...

Group 1 - The company is a partner of Alibaba Cloud and has completed compatibility certification for its key products with Alibaba Cloud and OceanBase database [2] - The company is collaborating with Alibaba Cloud on large model projects, utilizing the Ali Tongyi Qianwen large model as a foundation to release several small models tailored for the financial industry [2]

Group 1 - The company has developed over 20 financial intelligent agents in various fields such as large credit, marketing, testing, and risk within the vertical large model domain [2] - The company possesses a model development and management platform that addresses issues related to the opacity of traditional black-box model decision-making processes, regulatory non-compliance, and business distrust [2] - The platform offers explainable, intervenable, and simplified model development and strategy mining capabilities, which have gained recognition from overseas financial industry clients [2]

Core Viewpoint - Tianyang Technology has established itself as a partner of Alibaba Cloud, indicating a strategic collaboration in the technology sector [1] Group 1 - The company's key products have successfully completed compatibility certification with Alibaba Cloud and OceanBase database [1] - Tianyang Technology is collaborating with Alibaba Cloud on large model initiatives, utilizing the Alibaba Tongyi Qianwen large model as a foundation [1] - The company has released multiple small models tailored for the financial industry verticals [1]

Core Viewpoint - Tianyang Technology's stock has shown volatility with a year-to-date increase of 24.97%, but recent trends indicate a decline over various time frames, raising concerns about its market performance [1][2]. Financial Performance - For the period from January to September 2025, Tianyang Technology reported a revenue of 1.516 billion yuan, reflecting a year-on-year growth of 8.11%. However, the net profit attributable to shareholders decreased by 32.25% to 57.77 million yuan [2]. - The company has distributed a total of 110 million yuan in dividends since its A-share listing, with 42.78 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 24, Tianyang Technology's stock price was 19.62 yuan per share, with a market capitalization of 9.577 billion yuan. The stock experienced a trading volume of 102 million yuan and a turnover rate of 1.24% [1]. - The stock has appeared on the "龙虎榜" three times this year, with the most recent net buy of 231 million yuan on June 16, accounting for 14.14% of total trading volume [1]. Shareholder Information - As of September 30, the number of shareholders for Tianyang Technology was 49,500, a decrease of 24.01% from the previous period. The average number of circulating shares per shareholder increased by 36.27% to 8,526 shares [2]. - Among the top ten circulating shareholders, Huabao Zhongzheng Financial Technology Theme ETF holds 6.4686 million shares, an increase of 3.2689 million shares compared to the previous period [3]. Business Overview - Tianyang Technology, established on July 9, 2003, and listed on August 24, 2020, is primarily engaged in technology development, technical services, consulting services, and system integration. The revenue composition is as follows: technology development (69.43%), technical services (28.56%), consulting services (1.40%), system integration (0.47%), and other (0.13%) [1].

Core Viewpoint - Tianyang Technology (300872) is actively engaging in opportunities presented by the Hainan Free Trade Zone through its subsidiary, focusing on integrating green finance, digital technology, and credit systems to support sustainable development [1] Group 1: Company Initiatives - The company has established a subsidiary, Hainan Green Digital Credit Co., Ltd., to develop an ESG data platform and green credit system for enterprises in the Hainan Free Trade Port [1] - The subsidiary aims to utilize big data and blockchain technology to create a comprehensive digital credit evaluation system based on corporate sustainability [1] - The company plans to leverage cross-border capital flow policies in the Free Trade Port to attract international investment in green projects, particularly in sectors like tropical agriculture, tourism, and deep-sea industries [1] Group 2: Future Plans - The company will monitor relevant policies in the Hainan Free Trade Zone and actively seek potential opportunities that align with its operational capabilities [1]

Investment Rating - The report suggests a positive investment outlook for the financial industry, highlighting its strong alignment with AI application and digital transformation needs [3][7]. Core Insights - The financial industry is identified as an ideal "testing ground" for AI applications due to its data-intensive nature and the increasing demand for digital transformation [1][7]. - The release of DeepSeek R1 in 2025 is anticipated to be a pivotal moment for local AI deployment in financial institutions, enhancing model reasoning capabilities and reducing costs [3][7]. - AI applications are rapidly penetrating core business areas and back-office functions within various financial institutions, with the potential to reshape business processes and organizational structures [3][7]. Summary by Sections Investment Recommendations - The report emphasizes the financial sector's need for digital transformation, which aligns well with the characteristics of large models in AI. It predicts a shift from "digital intelligence" to "artificial intelligence" in financial institutions [7]. - Key areas to focus on include: 1. Financial information services with relevant companies like Tonghuashun, Jiufang Zhitu Holdings, and Guiding Compass [8]. 2. Third-party payment services, particularly New大陆 and New国都, with related companies like Lakala [9]. 3. Bank IT, focusing on companies such as Yuxin Technology, Jingbeifang, and Guodian Yuntong [9]. 4. Securities IT, with a focus on companies like Hengsheng Electronics and Jinzhen Shares [10]. 5. Insurance IT, highlighting companies like Newzhisoft and Zhongke Soft [11]. Industry Drivers and Policy Support - The report discusses the strong internal and external drivers for AI application in finance, including the continuous expansion of IT spending by financial institutions and supportive government policies [14][25]. - The maturity of large model technology and its alignment with the financial industry's needs are emphasized, indicating a shift towards industry adaptation [14][18]. Technical Aspects - The report outlines two main technical paths for AI integration in finance: general models trained with financial data and specialized financial models [36]. - DeepSeek R1 is highlighted as a significant advancement in AI deployment for financial institutions, offering enhanced reasoning capabilities and cost efficiency [45][52]. - The report notes that the performance of DeepSeek R1 has improved significantly, with accuracy rates in complex reasoning tasks rising from 70% to 87.5% after updates [48]. Market Trends - The financial sector's technology investment is projected to grow significantly, with a total expected investment of 650 billion yuan by 2028, reflecting a compound annual growth rate of approximately 13.3% [25][31]. - The report indicates a notable increase in AI-related procurement projects within the financial sector, with 133 large model projects initiated in 2024 alone [27][35].

Core Points - Tianyang Technology announced the acquisition of shares in Beijing Capital Online Technology Co., Ltd. [1] - The company will acquire 24,815,140 shares from the controlling shareholder Qu Ning, representing 4.93% of Capital Online's total share capital, at a price of 17.60 RMB per share, totaling approximately 436.75 million RMB [1] - Additionally, the company will acquire 392,430 shares from the shareholder Nanjing Yunzhi Tuo Venture Capital Partnership, representing 0.08% of Capital Online's total share capital, at the same price per share, totaling approximately 6.91 million RMB [1] - The share transfer has been completed, with the registration date being November 14, 2025 [1]