Group 1 - The core viewpoint is that Kaili New Materials (688269.SH) has announced an increase in uncertainty regarding the future operating conditions of Kaili Platinum, influenced by various factors such as market environment, macroeconomic conditions, and partners [1] - Kaili Platinum has not commenced any actual business activities, and shareholders have not contributed their capital [1] - To optimize resources, improve asset operation efficiency, and reduce management costs, the company plans to deregister Kaili Platinum after friendly consultations with all shareholders [1]

Group 1 - The China Securities Association has initiated the 2024 annual operating data statistics for 107 domestic securities firms to analyze industry performance and provide accurate data for regulatory decisions [1] - The statistics will focus on various dimensions including branch efficiency, wealth management dynamics, revenue structure, and cross-border business expansion, with specific indicators related to securities trading income and asset management [1] - The statistical work is launched against the backdrop of significant recovery in the securities industry, aiming to clarify business transformation effectiveness, risk distribution, and resource optimization [1] Group 2 - According to the China Securities Association, the entire industry is projected to achieve operating income of 451.17 billion yuan and net profit of 167.26 billion yuan in 2024, representing year-on-year growth of 11.2% and 21.3% respectively [2] - Proprietary trading income is expected to be 174.07 billion yuan, accounting for 38.6% of total income, and it has the highest year-on-year growth rate among major business segments at 43.0% [2]

Overview - Xi'an Global Printing Co., Ltd. has decided to shrink its internet digital marketing segment to enhance overall operational efficiency and optimize resource allocation, focusing on core strategic directions in response to market uncertainties and pressures [1][2]. Business Adjustment - The board of directors approved the proposal to suspend the internet digital marketing business of its subsidiary, aiming to refine the company's business layout and improve overall efficiency [2][6]. - The decision is based on the current situation of the internet digital marketing business and market conditions, with the goal of protecting the legal rights of the company and all shareholders [2][6]. Subsidiary Information - The subsidiary, Holguozi Linkai Network Technology Co., Ltd., along with its subsidiaries, provides internet digital marketing services, including technical support, creative design, and market development assistance [2][5]. Financial Performance - The financial data indicates significant challenges, with total assets of 119.15 million and total liabilities of 291.10 million, resulting in a negative equity of -171.95 million [5]. - The subsidiary reported a net loss of 59.97 million for the audited period, highlighting the financial strain on the internet digital marketing segment [5][6]. Market Conditions - The internet and mobile internet sectors are experiencing intensified competition, leading to a decline in revenue and gross margins for the digital marketing segment, compounded by overdue accounts receivable and insufficient working capital [6][7]. - The company anticipates that the suspension of the digital marketing business will narrow its operational scope and significantly reduce revenue, impacting the financial results for 2025 [6][7]. Strategic Focus - The move to suspend the digital marketing business aligns with the company's strategic deployment and development status, allowing it to concentrate resources on core business areas and enhance competitive advantages [7]. - The company plans to strengthen debt collection efforts to protect shareholder interests following the business adjustment [7].