Core Viewpoint - Zhejiang Shuzi Culture has shown a significant increase in stock price and trading volume, indicating strong market interest and potential growth in the digital entertainment and big data sectors [1][2]. Company Overview - Zhejiang Shuzi Culture Co., Ltd. is located in Hangzhou, Zhejiang Province, and was established on July 1, 1992, with its listing date on March 4, 1993. The company primarily operates in the digital entertainment industry and big data-related businesses [1]. - The main revenue sources are: online game operations (43.27%), digital marketing (25.03%), technical information services (22.12%), online social services (8.64%), and other income (0.91%) [1]. Financial Performance - For the first half of 2025, Zhejiang Shuzi Culture reported a revenue of 1.414 billion yuan, a year-on-year increase of 0.09%, and a net profit attributable to shareholders of 377 million yuan, reflecting a significant year-on-year growth of 156.26% [2]. - The company has distributed a total of 2.393 billion yuan in dividends since its A-share listing, with 684 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased to 96,200, a reduction of 9.34%, while the average circulating shares per person increased by 10.30% to 13,177 shares [2]. - Among the top ten circulating shareholders, notable changes include an increase in holdings by Huaxia Zhongzheng Animation Game ETF and a decrease by Hong Kong Central Clearing Limited [3]. Market Activity - On September 25, the stock price of Zhejiang Shuzi Culture rose by 2.04% to 15.50 yuan per share, with a trading volume of 699 million yuan and a turnover rate of 3.60%. The total market capitalization reached 19.655 billion yuan [1]. - The stock has experienced a 50.49% increase year-to-date, with a 7.56% rise over the last five trading days [1].

Core Viewpoint - The stock of Zhidu Co., Ltd. has shown a mixed performance in recent trading sessions, with a year-to-date increase of 19.86% but a decline of 12.06% over the past 20 days [1][2]. Financial Performance - For the first half of 2025, Zhidu Co., Ltd. reported a revenue of 2.166 billion yuan, representing a year-on-year growth of 46.70% [2]. - The net profit attributable to shareholders for the same period was 82.4749 million yuan, which reflects a year-on-year decrease of 18.81% [2]. Stock Market Activity - As of September 25, the stock price of Zhidu Co., Ltd. was 10.14 yuan per share, with a market capitalization of 12.83 billion yuan [1]. - The stock experienced a net inflow of 14.4 million yuan from main funds, with significant buying activity from large orders [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 8.32% to 123,900, while the average number of circulating shares per person increased by 9.07% to 10,208 shares [2][3]. - Notable institutional shareholders include Hong Kong Central Clearing Limited and various ETFs, with some increasing their holdings [3]. Business Overview - Zhidu Co., Ltd. specializes in mobile internet traffic aggregation and management, with its main revenue sources being digital marketing (63.64%) and internet media services (32.06%) [1]. - The company is categorized under the media and advertising marketing industry, with involvement in concepts such as Google, digital currency, and blockchain [1].

Company Overview - Huasheng Tiancheng, established on November 30, 1998, and listed on April 27, 2004, is located in Beijing and specializes in communication software technology development, consulting, services, training, and system integration [1][2] - The company operates in the IT services sector, specifically under the subcategories of IT services II and III, and is involved in concepts such as big data, Huawei Ascend, Huawei Kunpeng, smart governance, and domestic software [2] Financial Performance - For the first half of 2025, Huasheng Tiancheng reported a revenue of 2.262 billion yuan, representing a year-on-year growth of 5.11%, and a net profit attributable to shareholders of 140 million yuan, which is a significant increase of 156.60% year-on-year [2] - The company has distributed a total of 854 million yuan in dividends since its A-share listing, with 7.2369 million yuan distributed over the past three years [3] Stock Performance - As of September 25, the stock price of Huasheng Tiancheng increased by 2.01% to 20.31 yuan per share, with a total market capitalization of 22.27 billion yuan [1] - The stock has experienced a year-to-date increase of 180.80%, but has seen a decline of 14.66% over the past five trading days and 22.18% over the past 20 days [1] - The company has appeared on the trading leaderboard 37 times this year, with the most recent appearance on September 22, where it recorded a net buy of -595.92 million yuan [1] Shareholder Information - As of August 29, the number of shareholders for Huasheng Tiancheng reached 510,000, an increase of 173.49% from the previous period, while the average number of circulating shares per shareholder decreased by 63.44% to 2,149 shares [2] - The largest circulating shareholder, Hong Kong Central Clearing Limited, held 45.5063 million shares as of June 30, 2025, a decrease of 11.2412 million shares from the previous period [3]

Core Viewpoint - Tongdahai's stock price has shown fluctuations with a year-to-date increase of 7.37%, while facing a decline of 14.93% in revenue for the first half of 2025 compared to the previous year [2][3]. Group 1: Stock Performance - As of September 25, Tongdahai's stock rose by 2.02% to 30.75 CNY per share, with a total market capitalization of 2.97 billion CNY [1]. - The stock has experienced a 1.55% increase over the last five trading days, a 4.15% decrease over the last 20 days, and a 9.86% increase over the last 60 days [2]. Group 2: Financial Performance - For the first half of 2025, Tongdahai reported a revenue of 153 million CNY, a year-on-year decrease of 14.93%, and a net profit attributable to shareholders of -44.03 million CNY, down 20.23% year-on-year [2]. - Cumulative cash dividends since the A-share listing amount to 80.50 million CNY [3]. Group 3: Shareholder and Market Activity - As of June 30, 2025, the number of shareholders increased by 3.28% to 11,900, while the average circulating shares per person decreased by 3.17% to 3,873 shares [2]. - The stock has appeared on the "Dragon and Tiger List" three times this year, with the most recent instance on September 1, where it recorded a net buy of -137 million CNY [2].

Company Overview - Jinqiao Information Co., Ltd. is located at 487 Tianlin Road, Xuhui District, Shanghai, established on August 17, 1994, and listed on May 28, 2015 [1] - The company specializes in smart scene solutions, smart building solutions, and big data and cloud platform services, with revenue composition as follows: smart scene solutions 51.82%, smart building solutions 26.73%, and big data and cloud platform services 21.45% [1] Financial Performance - For the first half of 2025, Jinqiao Information achieved operating revenue of 273 million yuan, a year-on-year increase of 50.65%, while the net profit attributable to shareholders was -40.71 million yuan, a year-on-year increase of 24.18% [2] - Since its A-share listing, the company has distributed a total of 178 million yuan in dividends, with 21.92 million yuan distributed over the past three years [3] Stock Performance - As of September 24, Jinqiao Information's stock price increased by 2.10% to 17.98 yuan per share, with a total market capitalization of 6.57 billion yuan [1] - The stock has risen 41.35% year-to-date, but has seen declines of 3.28% over the last five trading days, 9.51% over the last 20 days, and 8.73% over the last 60 days [1] - The company has appeared on the daily trading leaderboard seven times this year, with the most recent appearance on May 15, where it recorded a net buy of -82.28 million yuan [1] Shareholder Structure - As of June 30, 2025, the number of shareholders was 68,600, a decrease of 10.58% from the previous period, with an average of 5,324 circulating shares per shareholder, an increase of 11.49% [2] - Notable new institutional shareholders include: - Fortune New Industry Stock A/B (001048) as the third-largest shareholder with 7.85 million shares - Hua'an Media Internet Mixed A (001071) as the fifth-largest shareholder with 5.73 million shares - Caitong Asset Management Digital Economy Mixed Initiated A (017483) as the sixth-largest shareholder with 5.49 million shares [3]

Core Viewpoint - Guangdian Yuntong's stock price has shown fluctuations with a year-to-date increase of 21.47%, while recent trading days have seen a slight decline [1] Financial Performance - For the first half of 2025, Guangdian Yuntong achieved a revenue of 5.275 billion yuan, representing a year-on-year growth of 12.07%, while the net profit attributable to shareholders decreased by 6.49% to 466 million yuan [2] - The company has distributed a total of 4.886 billion yuan in dividends since its A-share listing, with 1.49 billion yuan distributed over the last three years [3] Shareholder Structure - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 30.426 million shares, a decrease of 19.297 million shares from the previous period [3] - The Southern CSI 500 ETF increased its holdings by 2.5562 million shares, bringing its total to 18.5247 million shares [3] Market Activity - On September 24, Guangdian Yuntong's stock price rose by 2.05% to 13.92 yuan per share, with a trading volume of 300 million yuan and a turnover rate of 0.88% [1] - The stock has appeared on the "Dragon and Tiger List" once this year, with a net purchase of 190 million yuan on February 26 [1]

Core Insights - Runhe Software's stock price increased by 2.01% on September 24, reaching 59.81 CNY per share, with a trading volume of 1.078 billion CNY and a market capitalization of 47.633 billion CNY [1] - The company reported a year-to-date stock price increase of 19.55%, but a decline of 2.54% over the last five trading days and 9.87% over the last twenty days [1] - Runhe Software's main business segments include financial technology (52.01% of revenue), smart IoT (35.43%), and smart energy information (11.67%) [1] Financial Performance - As of June 30, 2025, Runhe Software achieved a revenue of 1.747 billion CNY, representing a year-on-year growth of 10.55%, while the net profit attributable to shareholders was 59.818 million CNY, a decrease of 29.43% year-on-year [2] - The company has distributed a total of 322 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3] Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 6.27% to 230,200, while the average number of circulating shares per person increased by 6.69% to 3,378 shares [2] - Major shareholders include E Fund's ChiNext ETF, which holds 19.026 million shares (a decrease of 486,100 shares), and Southern CSI 500 ETF, which increased its holdings by 1.601 million shares to 11.802 million shares [3]

Company Overview - Tongdahai's stock price increased by 2.03% on September 24, reaching 29.71 CNY per share, with a total market capitalization of 2.87 billion CNY [1] - The company has seen a year-to-date stock price increase of 3.74%, but has experienced a decline of 5.23% over the last five trading days and 7.24% over the last 20 days [2] - As of June 30, 2025, the number of shareholders increased by 3.28% to 11,900, with an average of 3,873 circulating shares per person, a decrease of 3.17% [2] Financial Performance - For the first half of 2025, Tongdahai reported a revenue of 153 million CNY, a year-on-year decrease of 14.93%, and a net profit attributable to shareholders of -44.03 million CNY, down 20.23% year-on-year [2] - The company has distributed a total of 80.5 million CNY in dividends since its A-share listing [3] Business Segments - Tongdahai's main business segments include application software services (55.95%), judicial auxiliary services (28.55%), application software development (13.46%), and system integration (2.04%) [2] - The company operates within the software development industry, specifically in vertical application software, and is associated with concepts such as data elements, smart governance, and domestic software [2] Market Activity - Tongdahai has appeared on the stock market's "Dragon and Tiger List" three times this year, with the most recent appearance on September 1, where it recorded a net buy of -137 million CNY [2] - The main capital flow indicates a net outflow of 250.67 thousand CNY, with significant selling activity [1]

Core Viewpoint - Zhongke Soft's stock price has shown fluctuations, with a recent increase of 2.08% on September 24, 2023, reaching 20.10 CNY per share, while the company has experienced a year-to-date decline of 5.68% [1] Financial Performance - For the first half of 2025, Zhongke Soft reported a revenue of 2.853 billion CNY, reflecting a year-on-year growth of 1.21%, while the net profit attributable to shareholders decreased by 43.36% to 107 million CNY [2] - Since its A-share listing, Zhongke Soft has distributed a total of 1.728 billion CNY in dividends, with 977 million CNY distributed over the past three years [3] Shareholder Information - As of August 29, 2025, the number of shareholders for Zhongke Soft increased to 66,600, with an average of 12,477 circulating shares per shareholder, a decrease of 2.11% from the previous period [2] - The top ten circulating shareholders include Southern CSI 500 ETF, which holds 8.6218 million shares, an increase of 1.185 million shares compared to the previous period [3] Market Activity - On September 24, 2023, Zhongke Soft's trading volume reached 147 million CNY, with a turnover rate of 0.89% and a total market capitalization of 16.704 billion CNY [1] - The net inflow of main funds was 7.0088 million CNY, with significant buying and selling activity observed [1] Business Overview - Zhongke Soft, established on May 30, 1996, and listed on September 9, 2019, is primarily engaged in computer software development, sales, and services [1] - The company's revenue composition includes 71.83% from software development and services, 26.63% from system integration and services, 1.29% from software products, and 0.26% from other sources [1] Industry Classification - Zhongke Soft is classified under the computer-software development sector, specifically in vertical application software, and is associated with concepts such as cross-border payment, digital currency, financial technology, smart governance, and blockchain [1]

Core Viewpoint - Hongquan IoT has shown significant stock price movement, with a year-to-date increase of 90.75%, despite recent declines in the last five and twenty trading days [2]. Group 1: Stock Performance - As of September 24, Hongquan IoT's stock price rose by 2.06% to 30.71 CNY per share, with a trading volume of 23.68 million CNY and a turnover rate of 0.78% [1]. - The company has experienced a net inflow of main funds amounting to 1.64 million CNY, with large orders accounting for 12.27% of purchases and 5.33% of sales [1]. - The stock has seen a decline of 5.10% over the last five trading days and 4.48% over the last twenty days, while it has increased by 8.94% over the last sixty days [2]. Group 2: Company Overview - Hongquan IoT, established on June 11, 2009, and listed on November 6, 2019, is based in Hangzhou, Zhejiang Province, and specializes in automotive intelligent networking equipment and big data cloud platforms [2]. - The company's revenue composition includes intelligent networking (54.66%), intelligent cockpit (19.26%), controllers (13.57%), software platform development (12.07%), and others (0.44%) [2]. - Hongquan IoT operates within the computer industry, specifically in the computer equipment sector, and is associated with concepts such as data elements, smart governance, small-cap stocks, vehicle networking, and star flash concepts [2]. Group 3: Financial Performance - For the first half of 2025, Hongquan IoT reported a revenue of 334 million CNY, reflecting a year-on-year growth of 37.21%, and a net profit attributable to shareholders of 33.44 million CNY, which is a 283.57% increase year-on-year [2]. - The company has distributed a total of 65 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. - As of June 30, 2025, the number of shareholders decreased by 4.33% to 6,003, while the average circulating shares per person increased by 4.53% to 16,765 shares [2].