Core Viewpoint - The company has not yet adopted digital RMB for cross-border settlements, and the appreciation of the RMB may impact its business due to a high proportion of overseas revenue [1] Group 1: Currency Risk Management - The company faces currency risk due to its significant overseas revenue, and it is implementing strategies to mitigate this risk [1] - To address exchange rate risks, the company utilizes global supply chain strategies and local operations of its subsidiaries [1] - The company employs forward foreign exchange contracts to lock in future exchange rates and is exploring cross-border RMB settlement options [1] - Current exchange rate fluctuation risks are considered manageable by the company [1]

格隆汇1月5日丨怡亚通(002183.SZ)在投资者互动平台表示，当前，公司跨境支付及国内供销服务环节 暂未涉及数字人民币支付场景。公司将持续跟踪数字人民币政策与市场动态，储备相关技术适配能力， 探索其在跨境结算等场景的应用可行性。 ...

Core Viewpoint - The company, Yiatong (002183.SZ), has indicated that it currently does not involve digital RMB payment scenarios in its cross-border payment and domestic supply chain services. The company will continue to monitor digital RMB policies and market dynamics, while also preparing relevant technical capabilities to explore the feasibility of its application in cross-border settlement scenarios [1] Group 1 - The company is not currently utilizing digital RMB in its payment services [1] - The company is committed to tracking digital RMB policies and market trends [1] - The company is exploring the feasibility of digital RMB in cross-border settlement applications [1]

Group 1: Digital Currency Development - The "Action Plan" marks a key step in the transition of digital RMB from M0 to M1, addressing the constraints on commercial banks' large-scale use of digital currency [2] - The new regulations remove barriers, allowing commercial banks to innovate more actively within the digital RMB framework [2][4] Group 2: Technological Innovations - The upgrade of digital RMB involves a systematic iteration of its underlying architecture, incorporating blockchain and smart contracts to facilitate large-scale applications [4] - The introduction of interest-bearing features and smart contracts represents a new form of "programmable legal currency," expanding the definition and functionality of money [5] Group 3: Banking Operations Transformation - The integration of digital RMB and smart contracts is expected to transform banking operations, enabling banks to escape homogeneous competition and deeply integrate with various scenarios [6] - Smart contracts can serve as precise economic tools, facilitating efficient fund distribution and enhancing policy execution [6] Group 4: Company Strategy and Market Opportunities - Yuxin Technology has accumulated practical experience in the digital RMB field and views the upgrade as a fusion of traditional Web2 financial systems with a smart contract-driven Web3 ecosystem [7] - The company is transitioning from a system builder to an operational participant, leveraging opportunities in both domestic and international markets [8][10] Group 5: Future Applications and Market Potential - The overseas market for digital RMB presents significant opportunities, particularly in emerging markets like Southeast Asia and Africa, where system construction and operational collaboration are viable [9] - The operational model of digital RMB is evolving towards a collaborative, template-driven approach, enhancing the scope of smart contract applications [12]

截至2025年12月31日收盘，太极股份(002368)报收于24.49元，上涨0.78%，换手率0.88%，成交量5.49万 手，成交额1.34亿元。 董秘最新回复 投资者： 厦门数贸通平台是2025年9月在金砖国家新工业革命伙伴关系论坛上发布的综合性跨境数字贸 易服务平台，由太极股份联合中国工商银行打造，且有央行数字货币研究所指导、厦门多部门推动支 持。其核心是以数字人民币跨境结算为抓手，为金砖国家经贸合作注入数字动能，太极股份还与厦门湖 里区签订10亿元合作协议，请问贵公司董秘先生：这么大的投资都是公益性质的吗？公司在此项目中如 何盈利？ 董秘： 在数字人民币方面，公司打造了厦门数贸通平台，该平台集金融科技服务、跨境支付结算与全 球供应链管理于一体，可有效破解跨境贸易企业长期存在的开户难、手续费高、汇损大等痛点问题。目 前，该平台已成功构建境内端与新加坡国际端双向联通机制，为中新贸易提供高效便捷的数字化通道。 感谢您的关注。 投资者： 2025年12月24日，一纸文件为中国的金融开放与跨境贸易擘画了新图景。 中国人民银行等八 部门联合印发的《关于金融支持加快西部陆海新通道建设的意见》，不仅是一份区域发展 ...

截至2025年12月31日收盘，中科江南(301153)报收于24.72元，上涨20.0%，涨停，换手率9.75%，成交 量32.11万手，成交额7.62亿元。 当日关注点 交易信息汇总资金流向 12月31日主力资金净流入2.16亿元，占总成交额28.34%；游资资金净流出1.23亿元，占总成交额 16.15%；散户资金净流出9292.28万元，占总成交额12.2%。 龙虎榜上榜 沪深交易所2025年12月31日公布的交易公开信息显示，中科江南（301153）因日涨幅达到15%的前5只 证券登上龙虎榜。此次是近5个交易日内第1次上榜。 公司公告汇总华泰联合证券有限责任公司关于北京中科江南信息技术股份有限公司持续督导期2025年培 训情况报告 华泰联合证券作为保荐机构，于2025年12月19日对中科江南董事、高级管理人员等相关人员进行了持续 督导培训。培训内容包括近期上市公司监管处罚案例、规范治理重点事项及资本市场政策等，采用现场 与线上相结合的方式。培训旨在增强相关人员的法制观念和诚信意识，提升公司规范运作水平。保荐代 表人郑士杰、陈超然参与本次工作。 华泰联合证券有限责任公司关于北京中科江南信息技术股份有限 ...

Group 1 - From January 1, 2026, digital RMB real-name wallet balances will earn interest based on the current demand deposit rate set by the respective banks, which is currently 0.05% [1] - The digital RMB is categorized into four types of wallets, with only the first three types (real-name wallets) eligible for interest, while the fourth type (anonymous wallet) will not earn interest [1] - The interest will be calculated according to the People's Bank of China’s demand deposit interest rules, with interest credited on the 20th of each quarter's last month [1] Group 2 - There are currently 10 designated operating institutions for digital RMB, including six state-owned commercial banks, two joint-stock commercial banks, and two internet banks [2] - The central bank is working on expanding the number of operating institutions and has introduced a new action plan to enhance the management and service system for digital RMB, set to be implemented on January 1, 2026 [2] - Banks will manage the digital RMB wallet balances autonomously and provide the same level of security as traditional deposits through deposit insurance [2]

Group 1 - Guangzhou Futures Exchange's international influence is increasing, with a complete factor aggregation system. The exchange will list platinum and palladium futures and options on November 27, 2025, filling a gap in domestic risk management tools. By the end of 2025, the cumulative trading volume of futures and options reached 796 million contracts, with a total transaction value of 48.6 trillion yuan. The "Guangzhou price" for lithium carbonate and industrial silicon has become an important pricing reference for major resource countries like Brazil and Zimbabwe, further enhancing the exchange's international influence [3][4][6] - The number of futures companies and branches in Guangzhou reached 96 by the end of 2025, with a gradually improving futures ecosystem that integrates spot and futures trading [3][4] Group 2 - The "Nansha Financial 30 Measures" were launched, accelerating the construction of an international financial hub in the Guangdong-Hong Kong-Macao Greater Bay Area. This initiative includes the establishment of various financial innovation institutions and the expansion of pilot banks for FT accounts [2][4] - The establishment of the CITIC AIC headquarters marks a strategic breakthrough in Guangzhou's financial precision招商, with several licensed financial institutions approved to operate [4] Group 3 - Guangzhou is solidifying its position as the "National Investment Advisor First City" by developing the investment advisory industry, supported by national policy documents. The city has introduced the first policy measures to support AI investment advisory [5] - The Guangzhou Investment Advisor Conference attracted over 300 institutions and more than 1,000 industry representatives, showcasing the city's growing influence [5] Group 4 - The "Win-Win Plan" was launched to promote a virtuous cycle of "technology-industry-finance," with over 1,050 enterprises signing agreements worth over 40 billion yuan to support strategic industries [6][7] - In 2025, Guangzhou added 12 new domestic and foreign listed companies, raising nearly 20 billion yuan, and actively pursued merger and acquisition opportunities [7] Group 5 - Guangzhou's financial resources are deeply integrated with the "12218" modern industrial system, with a total loan balance of 8.67 trillion yuan by the end of 2025, a nearly 60% increase from the end of the 13th Five-Year Plan [8] - The city has established a capital market financing service platform, gathering over 1,000 key industry enterprises [8] Group 6 - Financial elements are accelerating their penetration into rural areas, with agricultural loans exceeding 420 billion yuan, ranking first in the province [9] - The "Guangxin Pre" consumption prepayment fund supervision platform was launched to address livelihood issues, covering seven major livelihood areas and significantly reducing consumer complaints [10] Group 7 - The introduction of a real estate trust property registration pilot program aims to provide institutional support for revitalizing existing assets, with the issuance of the first real estate trust pre-registration certificate in the country [11][12]

Core Insights - The company is a key player in the digital RMB sector, having established a comprehensive product matrix and technical reserves for various application scenarios [1][3] - Recent policy changes have expanded the positioning of digital RMB from M0 cash to M1 and beyond, allowing it to function as a digital deposit with interest-earning capabilities, thus enhancing banks' commercial incentives [2][4] - The company is actively involved in the construction of digital RMB ecosystems, collaborating with major state-owned banks and providing technical support for cross-border payment systems [1][3] Group 1: Company Overview - The company has early involvement and expertise in the digital RMB field, with a strong focus on business expansion and project development [1][3] - It has built a team of experts and developed a product matrix that covers multiple scenarios, including smart contracts, digital wallets, and third-party payment systems [1][3] - The company supports various sectors such as consumer services, government services, financing, and cross-border payment settlements [1][3] Group 2: Policy Changes and Implications - The recent digital RMB policy marks a significant shift in its classification, transitioning from a "digital currency" to a "digital deposit," which enhances its functionality and application scope [2][4] - This change is expected to stimulate banks' engagement and innovation in financial products, particularly in the corporate service sector [4] - The digital RMB's integration into the "Belt and Road" initiative has already led to practical applications in cross-border payments [2][4] Group 3: Competitive Advantages - Compared to WeChat and Alipay, digital RMB offers a more robust account system, making it advantageous for corporate services and cross-border payments [5][6] - Its strengths in cross-border transactions include real-time exchange rate settlements and seamless currency conversion, which enhance efficiency and security [6] - The digital RMB's model reduces reliance on traditional clearing mechanisms, thus improving transaction speed and cost-effectiveness [6] Group 4: Future Prospects and Collaborations - The company is in discussions with potential institutions for expanding the issuance of digital RMB, which is expected to drive IT system construction demands [7] - Non-issuing banks will need to adapt their IT systems to connect with the digital currency framework, with costs varying by project scale [7] - The company aims to maintain a broad client base, including major commercial banks and regulatory bodies, while continuing to explore new user acquisition opportunities [8]

Group 1: Digital Currency Expansion - The digital RMB has expanded from M0 to M1, marking a significant shift towards large-scale implementation and indicating the government's commitment to promoting its use [3] - The transition allows digital RMB to possess deposit attributes, enabling it to cover most functions of traditional RMB, particularly in corporate settlement scenarios [3] - The digital RMB's traceability and immutability features are expected to play a crucial role in anti-money laundering and fraud prevention [3] Group 2: IT System Adjustments - Banks will need to initiate large-scale IT system upgrades to accommodate the transition from M0 to M1, including adjustments to payment systems and account structures [3] - The integration of digital RMB into existing banking systems will require modifications to ensure compatibility with its encrypted attributes [3] Group 3: Cross-Border Applications - Future cross-border applications of digital RMB may involve creating a unified ecosystem, allowing other countries to issue corresponding digital currencies based on currency swap agreements [4] - The digital RMB aims to simplify cross-border transactions by eliminating complex intermediaries, enhancing transaction transparency and compliance [4] Group 4: Policy and Regulatory Signals - Key signals to watch for include the central bank's issuance of detailed regulations for settlement and deposit-related policies for the M1 phase of digital RMB [4] - State-owned enterprises are expected to be the first to pilot the use of digital RMB in payroll and inter-company settlements, marking a significant step towards its widespread adoption [4] Group 5: Core Objectives and Risks - While one of the primary goals of digital RMB is to bypass SWIFT and enhance cross-border transaction security, it also aims to address domestic settlement needs and compete with existing payment platforms [5] - The issuance mechanism of digital RMB is based on national credit, differentiating it from cryptocurrencies like Bitcoin, which lack sovereign backing [5]