证券代码：002104 证券简称：恒宝股份 恒宝股份有限公司 恒宝股份 2024 年度业绩说明会 投资者活动记录表 编号：2025-001 | | □特定对象调研□分析师会议 | | --- | --- | | 投资者关系活动 类别 | □媒体采访√业绩说明会 | | | □新闻发布会□路演活动 | | | □现场参观□电话会议 | | | □其他：（请文字说明其他活动内容） | | 参与单位名称 | 恒宝股份2024年度业绩说明会采用网络远程方式进行，面向全体投资者 | | 及人员姓名 | | | 时间 | 2025 年 5 月 22 日（星期四）下午 15:00-17:00 | | 地点 | 深圳证券交易所"互动易平台"http://irm.cninfo.com.cn"云访谈"栏目 | | 公司接待人员 | 董事长、总裁：钱京先生 | | | 董事、副总裁、财务总监：徐霄凌女士 | | 姓名 | 独立董事：丁虹女士 | | | 董事会秘书：王坚先生 | | 投资者关系活动 | 1.【查询-001】高管您好。请问贵公司本期财务报告中，盈利表现如何？ 谢谢。 答：尊敬的投资者，您好，2024 年度公司实现营业 ...

区块链技术作为数字经济时代的核心基础设施，近年来已从概念验证阶段快速迈向规模化应用，展现出 颠覆传统金融格局的潜力。 代币化股票通过区块链技术实现高效结算和流动性释放，不仅推动了金融市场的创新，更可能彻底改变 全球资本流动的规则，让投资无国界成为现实。 股票代币化在全球范围内已有多个先例，但早期尝试大多因监管压力或市场接受度不足而未能持续。近 日，又有一家加密货币交易所继续尝试股票代币化。 据外媒报道，加密货币交易所Kraken计划允许非美国客户通过数字账本以代币形式交易苹果 (AAPL.US)、英伟达(NVDA.US)、特斯拉(TSLA.US)等热门股票。Kraken表示，此类"代币化股票"将让 非美国人更便捷地投资美国股票。 2021年，全球最大的加密货币交易所币安也曾上线特斯拉代币化股票交易服务，但仅数月后，因监管机 构的警告，该服务被迫终止。 随着美国政府对加密货币行业的监管态度转向宽松，RWA（真实世界资产）赛道迎来复苏。政策东风 之下，Kraken等交易所重启代币化股票服务，正是踩中了这一波行业红利，这一领域也因此正迎来第二 波探索期。 业内人士分析认为，对于加密货币市场来说，Kraken推出的代 ...

网络安全问题属于重要类别之一。金融科技业务逐渐向线上转移，导致黑客攻击、恶意软件等网络威胁日益增多。一些不法分子利用金融机构的网络系统漏 洞，窃取用户个人信息，进行盗刷等违法活动。众多网上银行用户都曾遭受账户被非法刷走的经历。 数据质量问题同样不容小觑，它可能引发金融机构的决策错误。数据不准确或不完整，可能会让银行向风险较高的客户发放贷款，从而提高坏账的风险。此 外，如果信用评级数据有误，也可能导致银行向高风险客户发放贷款，增加坏账的风险。同时，数据存储和管理不善，还可能引发数据泄露，给客户和金融 机构带来损失。 监管政策 信息科技与金融科技相结合的趋势，不仅促进了金融领域的创新和提高了服务效率，但也引入了众多潜在风险，对此必须采取全面而有效的措施进行防范。 下面，我将从六个不同角度，对信息科技与金融科技风险防控的问题进行具体分析。 风险特征 信息科技金融领域中的风险表现出复杂性特征。这种复杂性不仅包括传统金融领域内的风险，还扩展到了网络安全和数据泄露等新兴风险领域。这些不同类 型的风险相互交织，使得它们难以被精确识别和区分。以黑客攻击金融系统为例，这种攻击可能导致数据丢失，进而可能引发用户的信任危机和资金损 ...

The stock is down almost 80% from its all-time high, but evidence points to brighter days ahead.The company formerly known as Square but changed its name to Block (XYZ -3.19%) is one of the more interesting companies you'll come across. It was a market darling during the COVID-19 pandemic, known for its merchant-friendly commerce and peer-to-peer payment ecosystems.However, the fintech company has fallen out of favor with the market. Shares now sit nearly 80% below their all-time highs.As painful as the dec ...

随着全球电商市场持续扩张，2025年的跨境电商物流正迎来前所未有的技术革命与模式创新。从AI驱 动的智能分拣到碳中和物流网络，行业正在经历一场深刻的转型升级。以下盘点近期跨境电商物流领域 最值得关注的五大热点： · 启用生物燃料跨洋货轮 · 推广可循环包装材料 1. 无人机配送实现商业化落地 2025年初，亚马逊和京东相继在欧美和亚洲部分城市推出常态化无人机配送服务。采用最新一代垂直起 降技术的物流无人机，可将3公斤以下包裹的配送时间缩短至30分钟以内，同时降低60%的最后一公里 成本。新加坡成为首个实现全境无人机配送覆盖的国家。 2. 区块链技术重塑跨境清关 中国海关总署与主要贸易伙伴国共建的"丝路链"清关平台正式投入运营。通过区块链技术实现报关单、 原产地证明等文件的实时验证，平均清关时间从72小时压缩至4小时。义乌小商品城首批采用该系统的 商户反馈，整体物流时效提升40%。 3. 绿色物流成为行业标配 欧盟即将实施的《跨境电商碳中和法案》推动物流企业加速转型。DHL和顺丰等巨头纷纷宣布： · 投入数百亿建设电动配送车队 行业数据显示，2025年Q1跨境电商物流碳足迹同比减少28%。 4. 区域性物流枢纽 ...

Group 1: Drivers of RWA Market - The RWA sector is rapidly attracting users due to liquidity demands, as traditional assets like real estate have high entry barriers and low liquidity, while RWA allows for tokenization and fractional ownership, appealing to global retail investors [3] - Policy support from regulatory bodies, such as the Hong Kong Monetary Authority's sandbox mechanism and the SEC's exploration of compliant tokenized securities, provides a favorable environment for RWA [3] - Technological advancements, particularly the integration of AI, IoT, and blockchain, enhance the transparency and credibility of asset data on-chain, exemplified by Ant Chain's "Asset Chain + Transaction Chain" architecture [3] Group 2: Core Advantages of RWA - RWA significantly improves financing efficiency, reducing the financing cycle from 6-12 months for traditional ABS to approximately 8 weeks [3] - Costs are lowered through automated management via smart contracts, with financing costs for certain renewable energy companies decreasing from 15% to 8% [3] - Liquidity is enhanced as tokenized assets support 24/7 global trading, allowing investments in U.S. real estate equity starting from as low as $50 on platforms like RealT [3] Group 3: RWA Issuance Process - The asset selection process focuses on regulatory-friendly and high-certainty assets, with mainstream RWA assets currently concentrated in categories such as real estate and high-credit debt [5] - Issuers are primarily compliant financial institutions, with plans to gradually expand to small and medium enterprises [7] - The issuance process involves multiple stages, including asset preparation, technology platform setup, regulatory coordination, on-chain issuance and trading, and ongoing management [10][11] Group 4: Blockchain Technology and Platform Selection - The prevailing architecture for RWA platforms is a combination of consortium chains and cross-chain bridges, facilitating cross-border compliance and multi-role collaboration [12] - Key features of this architecture include data privacy, on-chain compliance, and cross-chain interoperability, ensuring a secure and efficient transaction environment [12] Group 5: Future Potential and Challenges of RWA - RWA is positioned as a key player in the market, bridging traditional assets and the digital world, and is crucial for the integration of DeFi and TradFi [18] - Current challenges include regulatory lag, high issuance thresholds, limited asset selection, high issuance costs, and a narrow investor base [18] - Future developments are expected to include clearer regulatory frameworks, reduced issuance barriers, diversified asset types, and improved investor maturity [19][20]

Core Viewpoint - The company held its 2024 annual performance briefing, where it engaged with investors and addressed various inquiries regarding its business operations and future strategies [1] Group 1: Financial Performance - In 2024, the company achieved a revenue of 515 million yuan, a decrease of 6.55% compared to the previous year, primarily due to a decline in the food additive business and changes in the scope of consolidated financial statements [2] - The company reported a net profit decline, but the non-recurring net profit attributable to shareholders increased by 40.73% year-on-year [2][19] - For Q1 2025, the company recorded a revenue of 103 million yuan and a net loss of 22.72 million yuan, which represents a reduction in losses of 7.6% compared to the same period last year [18] Group 2: Research and Development - The company plans to invest 23.65 million yuan in R&D for 2024, accounting for 4.59% of total revenue, with a focus on downstream products of phosgene, pharmaceutical/agricultural intermediates, and electronic chemicals [2] - The company aims to enhance its market share in electronic chemicals, with revenues projected to grow from 18.53 million yuan in 2023 to 30.11 million yuan in 2024 [2] Group 3: Operational Strategies - The company is focusing on optimizing its product structure, expanding market reach, increasing R&D investment, and improving operational efficiency to enhance shareholder returns [8][10] - The management emphasizes the importance of solid business foundations and efficient operations as the basis for market value growth [10] Group 4: Business Direction and Challenges - The company is committed to its core business of fine chemical products, including paper chemicals, fluorescent whitening agents, and pharmaceutical/agricultural intermediates [20] - The company is facing challenges due to continuous losses over the past four years, but management is optimistic about improving profitability through various operational enhancements [19][12] Group 5: Corporate Governance and Shareholder Engagement - The company has a governance structure in place to ensure compliance with legal and regulatory requirements, and it is actively pursuing compensation for performance commitments related to a major shareholder [5][28] - The company has engaged with investors through a Q&A session, achieving a 100% response rate to inquiries, indicating a commitment to transparency and shareholder communication [1]

R&D Investment and Financial Performance - In 2024, the company plans to invest CNY 23.65 million in R&D, accounting for 4.59% of total revenue [2] - The company reported a revenue of CNY 515 million in 2024, a decrease of 6.55% compared to the previous year [3] - The net profit for Q1 2025 was CNY -22.72 million, a reduction in losses by 7.6% year-on-year [11] Market Strategy and Product Development - Future R&D will focus on downstream products of phosgene, pharmaceutical/agricultural intermediates, and electronic chemicals [2] - The company aims to increase its market share in electronic chemicals, with projected revenues of CNY 18.53 million in 2023 and CNY 30.11 million in 2024 [2] - The company is exploring new business growth points and optimizing asset structure to enhance competitiveness [6] Operational Challenges and Management Response - The company faced operational challenges due to a decline in the food additive business and changes in the consolidation scope from selling equity [3] - Management is implementing a "1+N" control strategy to reduce costs and improve efficiency, resulting in an increase in overall gross margin [3] - The company is actively pursuing legal action regarding performance compensation claims against a major shareholder [5] Corporate Governance and Future Outlook - The company has no current plans for stock issuance or major restructuring [12] - The management emphasizes the importance of solid business foundations and efficient operations for market value growth [6] - The company is committed to enhancing its governance structure and ensuring compliance with legal requirements [8] Industry Context and Competitive Landscape - The fine chemical industry is experiencing structural differentiation, with some sectors benefiting from high demand while others face cost pressures [13] - The company recognizes the importance of technological innovation and green transformation in navigating industry challenges [18]

1. 多币种支持 2. ImToken钱包支持市面上主流的加密货币，包括比特币（BTC）、以太坊（ETH）、莱特币 （LTC）等，以及近千种ERC20代币。用户可以在一个平台上管理多种资产，方便高效。 3. 安全性优先 4. 安全性是ImToken钱包的一大亮点。用户的私钥不会在服务器上保存，而是加密存储在本地设备 中，最大限度地减少了被盗风险。结合密码保护和多重签名功能，ImToken确保用户的资金得到 牢牢把控。 5. 去中心化交易所（DEX）功能 6. ImToken不仅是一个钱包，还集成了去中心化交易所功能，用户无需将资产转移到其他平台即可 进行币种兑换，增加了操作的便捷性和安全性。 7. 易于使用的界面 8. ImToken提供直观、用户友好的界面，即使是初学者也能够轻松上手。通过简单的操作步骤，用 户可以快速进行资产管理及交易。 9. 丰富的DApp生态系统 10. 用户可以通过ImToken钱包直接访问多个去中心化应用（DApp），如DeFi平台、NFT市场等，开 辟更多的投资和使用场景。 ImToken钱包的核心特点 结语 ImToken钱包凭借其强大的功能和安全性，在全球范围内已赢得了众多用 ...

2025年3月26日，海洋网联船务（ONE）于中国香港成功举办第四届集装箱航运高峰会（Container Shipping Summit），以"携手共进，共绘未来可持续发 展新蓝图"为主题。这场汇聚东亚地区14所顶尖学府杰出学者的盛会，不仅是对航运业转型与可持续发展需求的深度回应，更是对全球供应链变革期人才 培养范式的创新探索。围绕2050年行业愿景，本届高峰会通过3场专题讨论，聚焦全球贸易格局演变、关键技术趋势以及新一代航运领袖培育这3大关键领 域，构建起一个全面且系统的框架，为集装箱航运业应对当前面临的紧迫挑战提供了实践指引。 △ ONE全球企业与创新部首席执行官岩井泰树 作为全球领先的集装箱航运公司之一，ONE致力于通过前瞻性的发展策略、灵活高效的最佳实践方法以及积极开放的合作态度，在航运业的可持续发展 进程中发挥关键作用，推动产业转型，为行业的绿色未来贡献力量。在本次高峰会圆满落幕后，ONE全球企业与创新部首席执行官岩井泰树接受本刊记 者专访，系统阐释了峰会成果对行业转型的深远意义。同时，他还介绍了ONE践行"可持续增长"承诺和"卓越运营"理念的重要举措，分享了ONE对塑造集 装箱航运未来的关键技术的 ...