CoreWeave将在谷歌和OpenAI协议中提供计算能力。（路透） ...

Core Viewpoint - JiaYin Technology (JFIN) has shown significant financial growth, with a focus on technology-driven services in the financial sector, aiming to enhance user experience and support rapid business growth for financial institutions [1][2]. Financial Performance - As of March 31, 2025, JiaYin Technology reported total revenue of 1.776 billion RMB, representing a year-on-year increase of 20.35% [1]. - The company's net profit attributable to shareholders reached 539 million RMB, marking a substantial year-on-year growth of 97.56% [1]. Company Overview - JiaYin Technology, founded by Mr. Yan Dinggui on June 18, 2011, is headquartered in Shanghai, China [1]. - The company successfully went public on NASDAQ on May 10, 2019, under the stock code JFIN [1]. - The company is recognized as a leading technology service group in China, leveraging big data, cloud computing, and artificial intelligence to connect consumers with financial institutions [1]. Technological Innovations - JiaYin Technology has developed several innovative platforms, including: - "TianYin" intelligent fund management platform for efficient asset matching [2]. - "MingJian" intelligent risk control engine to significantly enhance risk management capabilities [2]. - "DaYu" data asset management platform to improve data governance [2]. - "ChangE" intelligent voice calling platform for compliant and considerate post-loan services [2]. - These innovations have led to digitalization of processes, automation of supervision, and scientific decision-making, thereby strengthening the foundation of the digital economy [2]. Global Expansion - JiaYin Technology's operations have expanded to various regions, including Southeast Asia, Africa, and Latin America, with plans for further international growth [1].

Mergers and Acquisitions - He Sheng New Materials plans to invest 250 million yuan in high-end server processor chip design company Yizhi Electronics, acquiring a 10% stake [1] - Xing Sen Technology intends to participate in the purchase of a 24% stake in its subsidiary, Guangzhou Xingke Semiconductor, for a base price of 320 million yuan [2] - Dinglong Co. plans to acquire an 8% stake in its subsidiary, Dinghui Microelectronics, for 240 million yuan, increasing its ownership from 91.35% to 99.35% [3] Shareholding Changes - Hai Te Biological's director plans to reduce holdings by up to 180,000 shares, representing 0.14% of the total share capital, due to personal financial needs [4] - Chaojie Co. shareholders plan to collectively reduce their holdings by up to 3.73%, with specific reductions from three shareholders [5] - CIMC Vehicles' shareholders plan to reduce their holdings by up to 12 million shares, or 0.64% of the total share capital [6] Risk Matters - Meili Cloud's shareholder, China Metallurgical Paper Industry Group, has been applied for bankruptcy reorganization, holding 11.38% of the company's shares, which are all judicially frozen [7] - *ST Yazhen's stock has been suspended for review after experiencing significant price fluctuations, with a cumulative increase of 107.83% over 26 trading days [8] - Beikong Technology's static and rolling P/E ratios are higher than the industry average, indicating potential overvaluation [9]

Group 1 - Xinyu Securities clarified that it has not received any written or verbal information regarding a merger with Huafu Securities, and there are no significant undisclosed matters related to the merger [2] - Keda Li plans to jointly invest with Weichuang Electric and others to establish Suzhou Yizhi Intelligent Drive Technology Co., Ltd. with a registered capital of 50 million yuan, where Keda Li will contribute 15 million yuan for a 30% stake [2] - Shuangliang Energy signed a sales contract worth 450 million yuan for a green hydrogen production system, which is expected to positively impact the company's assets and net profit [3] Group 2 - Hesheng New Materials intends to invest 250 million yuan in Yizhi Electronics, acquiring a 10% stake in a company specializing in ARM server processor chips [4] - Junshi Biosciences received acceptance for a clinical trial application for JT118 injection, a vaccine aimed at preventing monkeypox virus infection [5] - Tinci Materials plans to invest approximately 2.8 million USD to build an integrated production base for electrolytes and raw materials in Morocco, with an annual production capacity of 150,000 tons [6] Group 3 - Beikong Technology's static and rolling P/E ratios are higher than the industry average, indicating potential overvaluation [7] - Qingdao Bank announced that Qingdao Guoxin Group intends to increase its stake in the bank to a maximum of 19.99% through its subsidiaries, pending regulatory approval [8] - Xiamen Airport reported an 8.34% year-on-year increase in passenger throughput for May, while Hubei Energy's power generation increased by 2.27% [9]

6月11日，马上消费与中国电子技术标准化研究院（以下简称"电子四院"）在北京举行战略合作签约仪 式。马上消费董事长赵国庆、常务副总经理蒋宁，中国电子技术标准化研究院院长杨旭东、副院长范科 峰等出席签约仪式，双方代表签署合作协议。未来，双方将围绕金融科技领域构建标准研制、生态建 设、人才培养等全链条合作体系，共同推动金融科技行业的规范化、标准化发展，为提升金融服务质量 与效率注入新动能。 创业十年来，马上消费服务用户超2亿，曾先后获得国家高新技术企业、国家企业技术中心等12项重大 荣誉，连续六年上榜中国服务业企业500强和重庆企业100强，扎实推进金融"五篇大文章"。 本月，马上消费还将陆续与更多生态伙伴开展系列深度合作，打造开放安全的生态平台，助力重庆在数 字金融领域持续领跑，为全国数字金融行业的创新发展提供更多可复制、可推广的 "重庆经验"。 电子四院作为国家从事电子信息技术领域标准化的基础性、公益性、综合性研究机构，拥有深厚的技术 积累和丰富的标准化经验，在推动信息技术产业标准化发展方面发挥着关键作用。 根据合作协议，未来双方将依托各自优势开展全方位、多层次的合作。 在标准研制方面，双方依托全国信息技术标 ...

Investment Rating - The report assigns an "Accumulate" rating for the company with a target price of 31.05 CNY over a 12-month period [1]. Core Viewpoints - The company, Wanyuantong, specializes in PCB products and has been expanding its market presence since its establishment in 2011. It operates two production bases in Kunshan and Dongtai, Jiangsu, and its products are widely used in consumer electronics, automotive electronics, industrial control, home appliances, and communication devices [5][11]. - The PCB market is experiencing steady growth, driven by emerging technologies such as 5G, cloud computing, and the Internet of Things (IoT). The global PCB industry is projected to grow from 80.92 billion USD in 2021 to 101.56 billion USD by 2026, with a CAGR of 4.65% from 2021 to 2026 [5][45]. - The company has established long-term stable relationships with numerous well-known clients across various sectors, including automotive electronics and industrial control [5][72]. Financial Performance - The company's total revenue has increased from 681 million CNY in 2019 to 1,043 million CNY in 2024, with a five-year CAGR of 8.90%. In Q1 2025, the revenue was 242 million CNY, reflecting a year-on-year growth of 12.12% [5][20]. - The net profit attributable to the parent company has shown strong growth, rising from 38 million CNY in 2019 to 123 million CNY in 2024, with a five-year CAGR of 26.48% [5][22]. - The company's gross margin has improved due to better product structure optimization and cost control, with a gross margin of 23.41% in Q1 2025 [25][27]. Product Structure and Market Position - The company's main business segments include multilayer boards, double-sided boards, and single-sided boards, with multilayer boards' revenue share increasing significantly, reaching 41.34% in 2024 [29]. - The company has a diverse product range, including standard PCBs, metal substrates, and high-frequency boards, catering to various applications in consumer electronics, automotive, and industrial sectors [41][42]. Industry Outlook - The PCB industry is currently in its fifth growth cycle, benefiting from the rapid expansion of 5G infrastructure and the increasing demand for electric vehicles [45][46]. - The automotive electronics market is expected to grow significantly, with the market size projected to reach 148.6 billion USD by 2026, reflecting a CAGR of 6.12% [59].

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容来自 人民日报 。 近日，中国科学院计算技术研究所处理器芯片全国重点实验室联合软件研究所，推出全球首个基于 人工智能技术的处理器芯片软硬件全自动设计系统——"启蒙"。该系统可以实现从芯片硬件到基础 软件的全流程自动化设计，在多项关键指标上达到人类专家手工设计水平，标志着我国在人工智能 自动设计芯片方面迈出坚实一步。 处理器芯片被誉为现代科技的"皇冠明珠"，其设计过程复杂精密、专业门槛极高。传统处理器芯片 设计高度依赖经验丰富的专家团队，往往需要数百人参与、耗时数月甚至数年，成本高昂、周期漫 长。随着人工智能、云计算和边缘计算等新兴技术的发展，专用处理器芯片设计和相关基础软件适 配优化需求日益增长。而我国处理器芯片从业人员数量严重不足，难以满足日益增长的芯片设计需 求。 面对这一挑战，"启蒙"系统应运而生。该系统依托大模型等先进人工智能技术，可实现自动设计 CPU，并能为芯片自动配置相应的操作系统、转译程序、高性能算子库等基础软件，性能可比肩 人类专家手工设计水平。 具体而言，在CPU自动设计方面，实现国际首个全自动化设计的CPU芯片"启蒙1号" ，5小时内完 ...

金十数据6月11日讯，中共中央政治局常委、国务院副总理丁薛祥11日上午在成都出席第二届"一带一 路"科技交流大会开幕式并发表主旨讲话。丁薛祥强调，新一轮科技革命和产业变革深入发展，大数 据、云计算、人工智能等技术正在全面赋能经济社会发展，但技术鸿沟、数字鸿沟、智能鸿沟仍在扩 大，一些霸权霸道霸凌行径对全球发展造成巨大障碍。我们要加强团结合作，深入践行国际科技合作倡 议，构建创新驱动、开放包容、公平公正、共同繁荣、普惠可持续的"一带一路"科技创新共同体，促进 科技创新更好造福全人类。 （新华社） 丁薛祥出席第二届"一带一路"科技交流大会开幕式并发表主旨讲话 ...

海光信息高管在6月11日的重大资产重组事项投资者说明会上表示，公司与中科曙光（603019）的合 并，将充分发挥中科曙光完整的系统能力和算力应用生态，实现云计算应用的产业链延展，形成一体化 优势，侧重通过系统能力提升公司芯片的性能，解决功耗等影响因素对摩尔定律进一步突破的掣肘，实 现公司的CPU和DCU在更加广泛的行业应用，对标国际行业巨头。公司的吸并不会与国内其他服务器 品牌形成竞争，将为其他服务器厂商提供更加具有竞争力和产品优势的解决方案。另外，两家公司合并 后，形成的聚合优势主要体现在技术实力进一步提升和成本进一步降低。(人民财讯) ...

Amdocs (DOX) 2025 Conference June 11, 2025 04:00 AM ET Speaker0 All right. Right on time, we'll get going here. Well, good morning, everybody. Thank you for joining us here today. My name is Jack Caswell. I'm with Nasdaq. I'm the Senior Vice President and Head of our Listings for Western And Central U. S. And fortunate to have a great conversation forthcoming. Maybe we'll start, just so I don't butcher it, with both of you, and Matt, introducing yourselves for the group. Speaker1 Morning, everyone. Shuky Sc ...