[Taiji Corporation 2025 H1 Earnings Forecast](index=1&type=section&id=%E5%A4%AA%E6%9E%81%E8%AE%A1%E7%AE%97%E6%9C%BA%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B82025%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A) The company forecasts a significant turnaround to profitability for the first half of 2025 [Key Performance Indicator Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company expects a net profit of ¥8.5-11 million, a significant turnaround from last year's loss Key Performance Indicators Forecast | Item | Current Period (Jan 1 - Jun 30, 2025) | Same Period Last Year | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Profit: ¥8.5 million - ¥11.0 million | Loss: ¥158.85 million | | **Net Profit After Non-recurring Items** | Profit: ¥6.14 million - ¥8.64 million | Loss: ¥164.20 million | | **Basic Earnings Per Share (EPS)** | Profit: ¥0.0136/share - ¥0.0176/share | Loss: ¥0.2549/share | [Analysis of Performance Change](index=1&type=section&id=%E4%B8%89%E3%80%81%20%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) The turnaround is driven by year-over-year revenue growth and effective cost control measures - The company achieved **year-over-year revenue growth** by strengthening marketing, optimizing its structure, and accelerating project execution[4](index=4&type=chunk) - Deepened internal management and strengthened expense controls led to a **year-over-year decrease in administrative expenses**[4](index=4&type=chunk) [Audit and Risk Disclosures](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) The earnings forecast is a preliminary estimate and has not been audited by an accounting firm - **This earnings forecast has not been pre-audited** by an accounting firm[3](index=3&type=chunk) - The company states this forecast is a preliminary estimate; **final data is subject to the official 2025 semi-annual report**, and investors should exercise caution[5](index=5&type=chunk)[6](index=6&type=chunk)

太极计算机股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 特别提示： 1、权益分派方案：每10股派发现金0.925000元（含税），不送红股，不转 增股本 2、股权登记日：2025年7月9日 3、除权除息日：2025年7月10日 证券代码：002368 证券简称：太极股份 公告编号：2025-021 一、股东大会审议通过权益分派方案的情况 1、2025年5月15日，太极计算机股份有限公司（以下简称"公司"或"本公司"） 召开了2024年年度股东大会，审议通过了《2024年度利润分配预案》：公司拟以 2024年12月31日的总股本623,231,286股为基数，按每10股分配现金红利0.925000 元（含税）进行分配，共计分配57,648,893.95元（含税）。如在预案披露至实施期 间，公司总股本发生变动的，将按照现金分红总额不变的原则，以分红派息股权 登记日的总股本为基数调整分配比例。 2、自分配方案披露至实施期间，公司股本总额未发生变化。 3、本次实施的分配方案与股东大会审议通过的分配方案一致。 4、本次实施 ...

其 他 报 告 2025年06月30日 晨会纪要 | 国内市场 | | 涨跌幅（%） | | | --- | --- | --- | --- | | 指数 | 收盘 | 1日 | 上周 | | 上证综合指数 | 3424 | -0.70 | -0.51 | | 深证成份指数 | 10379 | 0.34 | -1.16 | | 沪深300指数 | 3922 | -0.61 | -0.45 | | 创业板指数 | 2124 | 0.47 | -1.66 | | 上证国债指数 | 226 | 0.03 | 0.21 | | 上证基金指数 | 6931 | -0.03 | -0.11 | | | | 资料来源:同花顺iFinD | | | 海外市场 | | 涨跌幅（%） | | | --- | --- | --- | --- | | 指数 | 收盘 | 1日 | 上周 | | 中国香港恒生指数 | 24284 | -0.17 | -1.52 | | 中国香港国企指数 | 8762 | -0.47 | -1.48 | | 中国台湾加权指数 | 22580 | 0.39 | -0.12 | | 道琼斯指数 | 4381 ...

其 他 报 告 2025年06月24日 研究分析师 : 郭子睿 投资咨询资格编号 : S1060520070003 研究分析师 : 陈瑶 投资咨询资格编号 : S1060524120003 研究分析师 : 任书康 投资咨询资格编号 : S1060525050001 研究助理 : 高越 一般证券从业资格编号 : S1060124070014 研究助理 : 胡心怡 一般证券从业资格编号 : S1060124030069 核心观点 : 基金投顾组合总体情况：截至2025年5月末，上线天天基金APP的基 金投顾组合共441只，相比上月末增加11只组合；新增股债中枢型中稳健型组合5 只、进取型和货币型组合各2只、平衡型组合1只，赛道型中的科技组合1只。 投 顾组合业绩表现跟踪：股债中枢型基金，过去一年，各类中枢型组合的收益率中 位数均跑赢同类型FOF产品。月内，进取型、平衡型、稳健型组合的收益率中位 数均跑赢同类型FOF产品。与基准业绩比较，月内，进取型、平衡型、稳健型、 货币型组合的收益率中位数均跑赢基准。 持仓基金仓位跟踪：稳健型投顾组合减 持主动债券基金，增持固收+基金；平衡型投顾组合减持量化基金，增持主动权 益 ...

Group 1 - The China Securities Index of State-owned Enterprises Small Cap (CSI State-owned Enterprises Small Cap Index) rose by 1.86% to 1020.57 points, with a trading volume of 41.828 billion yuan [1] - Over the past month, the CSI State-owned Enterprises Small Cap Index has decreased by 2.66%, down 4.98% over the last three months, and has increased by 0.63% year-to-date [1] - The index consists of 200 smaller listed companies selected from state-owned enterprises under the State-owned Assets Supervision and Administration Commission, reflecting the overall performance of small-cap state-owned enterprises [1] Group 2 - The top ten holdings in the CSI State-owned Enterprises Small Cap Index include Aerospace Rainbow (1.75%), China Merchants Jinling (1.48%), Guangsheng Nonferrous Metals (1.4%), Inner Mongolia First Machinery (1.32%), Jidian Co., Ltd. (1.23%), Yuyuan New Materials (1.23%), Electric Science Cyber Security (1.2%), Zhongtung High-tech (1.19%), Taiji Co., Ltd. (1.1%), and Electric Science Digital (1.07%) [1] - The market capitalization distribution of the index shows that 50.18% of the holdings are from the Shenzhen Stock Exchange, while 49.82% are from the Shanghai Stock Exchange [1] Group 3 - The industry composition of the CSI State-owned Enterprises Small Cap Index includes 37.92% in industrials, 17.83% in materials, 13.83% in information technology, 8.56% in consumer discretionary, 5.74% in utilities, 5.64% in healthcare, 4.36% in communication services, 3.61% in consumer staples, 1.96% in energy, and 0.54% in real estate [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December each year [2] - In special circumstances, the index may undergo temporary adjustments, and companies that are delisted or undergo mergers, acquisitions, or splits will be handled according to the calculation and maintenance guidelines [2]

Group 1: Company Overview - China Software and Technology Service Co., Ltd. is planning to issue A-shares to specific investors in 2024, with a total fundraising target of 200 million yuan [2][4] - The company is primarily engaged in software development, information system integration services, and technology consulting [9][14] - As of December 31, 2024, the controlling shareholder is China Electronics, holding 29.74% of the shares, while the actual controller holds a total of 36.16% [11][14] Group 2: Financial Performance - The company's revenue for the reporting periods was 964,018.54 million yuan, 672,327.02 million yuan, and a loss of 41,263.87 million yuan, indicating a downward trend in revenue [5] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -3,712.58 million yuan, -52,247.61 million yuan, and -57,684.49 million yuan during the same periods [5] Group 3: Industry Context - The software and information technology service industry is a key driver of economic growth in China, with a market size expected to exceed 21 trillion yuan by 2029 [19][22] - The industry is supported by national policies aimed at promoting digital transformation and innovation, with a projected annual growth rate of over 12% for software business revenue by 2025 [18][19] - The "信创" (Xinchuang) industry, focusing on independent research and development of core IT products, is expected to see significant growth, particularly in government and critical sectors [20][21] Group 4: Market Trends - The information technology service sector accounted for 67.2% of the total revenue in the software and IT service industry, with cloud services and big data services showing notable growth [18] - The operating system market is dominated by major players like Microsoft and Google, with a global market size of approximately 500 billion USD in 2023, expected to grow significantly [22][23] - The domestic software market is characterized by a high concentration of market share among a few key players, indicating a monopolistic structure [23]

Group 1 - Xiaomi's factory currently has a monthly production capacity of 20,000 to 30,000 vehicles, with a high level of automation in its operations [2] - Cao Cao Chuxing has initiated its IPO process, planning to raise HKD 1.853 billion by offering 44.1786 million shares at a price of HKD 41.94 per share, with an estimated valuation of approximately HKD 22.823 billion [2] - The IPO has attracted six cornerstone investors, including Mercedes-Benz and other notable firms [2] Group 2 - 360 Group has launched the "Nano AI Super Search Intelligent Agent," which includes 80 large-scale models capable of intent analysis and multi-modal generation, enhancing information retrieval for businesses and individuals [3] - The intelligent agent can automatically generate short video content and conduct cross-platform data analysis, marking a significant milestone in AI development [3] Group 3 - Alibaba has upgraded its Tongyi Qianwen model to be compatible with Apple's MLX architecture, potentially paving the way for Apple Intelligence to enter the Chinese market [4] - The iOS 18.6 developer beta has been released, which may serve as a platform for Apple Intelligence's launch in China, potentially boosting iPhone sales [4] Group 4 - Lakala is planning to issue shares overseas (H-shares) and list on the Hong Kong Stock Exchange to advance its international development strategy and enhance its competitiveness in the global market [5] - The company aims to accelerate the application of digital currency in cross-border scenarios, although specific details are yet to be determined [5]

Core Viewpoint - The A-share market has undergone a series of index adjustments effective from June 16, impacting various indices including the Shanghai Composite and Shenzhen Composite indices, reflecting changes in market structure and industry trends [1][30]. Group 1: Index Adjustments - A total of 187 sample stocks were replaced across six cross-market indices, including the CSI 300, CSI 500, and CSI 1000 [3][4]. - The CSI 300 index replaced 7 stocks, while the CSI 500 and CSI 1000 indices replaced 50 and 100 stocks respectively, indicating a significant reshuffling [4][19]. - The new sample stocks include notable companies such as Softcom Power and North Rare Earth, enhancing the representation of emerging sectors [4][15]. Group 2: Sector Representation - The adjustments have led to an increase in the representation of information technology and communication services sectors, with the CSI 500 index seeing a 1.82% increase in weight for the information technology sector [19][30]. - The manufacturing sector remains dominant in the Shenzhen Component Index, accounting for 73% of the sample companies, with a focus on strategic emerging industries [30][31]. - The new sample stocks in the ChiNext Index show an average R&D investment growth of 10%, indicating a strong emphasis on innovation [30][31]. Group 3: New Indices - The newly launched SSE 580 Index aims to reflect the performance of smaller market capitalization stocks in the Shanghai market, with a significant portion of its weight coming from the Sci-Tech Innovation Board and specialized new enterprises [32][33]. - Approximately 30% to 60% of the SSE 580 Index's weight is attributed to emerging industries, showcasing its innovative characteristics [33].

Market Overview - As of June 13, the ride-hailing concept sector declined by 3.35%, ranking among the top declines in concept sectors, with companies like Tongda Electric, Boshi Jie, and Xiongdi Technology experiencing significant drops [1]. Sector Performance - The top-performing concept sectors today included: - Combustible Ice: +6.15% - Nuclear Pollution Prevention: +4.35% - Shale Gas: +3.25% - Conversely, the ride-hailing sector was among the worst performers, alongside shared bicycles and Xiaohongshu concepts [1]. Capital Flow Analysis - The ride-hailing sector saw a net outflow of 264 million yuan, with 21 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 50 million yuan. The stock with the highest net outflow was Beiqi Blue Valley, with a net outflow of 113 million yuan [1]. - Other notable net outflows included: - Xiongdi Technology: -88.06 million yuan - Taiji Co., Ltd.: -67.21 million yuan - GAC Group: -60.43 million yuan [1]. Individual Stock Performance - The stocks with the highest net outflows in the ride-hailing sector included: - Beiqi Blue Valley: -2.82% with a turnover rate of 1.60% - Xiongdi Technology: -5.73% with a turnover rate of 43.61% - Taiji Co., Ltd.: -5.06% with a turnover rate of 5.12% [2]. - Conversely, the stocks with the highest net inflows included: - Changan Automobile: +0.15% with a turnover rate of 2.05% - Century Hengtong: -2.25% with a turnover rate of 7.59% - Tianmai Technology: -0.57% with a turnover rate of 5.34% [2].

Core Points - The chairman of Taiji Computer Co., Ltd., Mr. Lv Yi, has announced a share reduction plan, intending to sell up to 211,832 shares, which represents 0.03% of the total share capital, within three months after the announcement [1][2]. Shareholder Holding Information - Mr. Lv Yi currently holds 847,326 shares, accounting for 0.14% of the company's total share capital [1][2]. - The total number of shares held by Mr. Lv Yi is 635,494 shares [2]. Details of the Reduction Plan - The planned reduction is aimed at complying with state-owned asset management requirements [2]. - The reduction will be executed through centralized bidding or block trading [1]. Commitments and Compliance - Mr. Lv Yi has adhered to his previous commitments made during the company's asset acquisition in November 2013, which included a 36-month lock-up period for shares acquired in that transaction [3]. - There have been no violations of commitments by Mr. Lv Yi as of the announcement date [3].