Core Viewpoint - The report highlights the potential growth opportunities for Shanda Diwei following the change in its actual controller, emphasizing its leadership in the "AI + Blockchain" sector and the expected positive impact on revenue growth [2][3][8]. Group 1: Company Overview - Shanda Diwei is a leading "AI + Blockchain" technology service provider in China, affiliated with Shandong University, focusing on deep integration of production, education, and research [2]. - The company is advancing in key business areas such as smart social security, smart healthcare, and intelligent electricity, while enhancing its AI technology research and product development [2]. - In 2024, the company is projected to achieve revenue of 555 million yuan, a 3.14% increase year-on-year, but its net profit is expected to decline by 21.04% to 64.08 million yuan due to increased costs and R&D expenses [2]. Group 2: Strategic Developments - The company announced a potential change in its controlling shareholder and actual controller as part of a broader reform initiative by Shandong University, which could open new business avenues and enhance revenue growth prospects [3]. - Shanda Diwei is leveraging its core technologies to develop a new product system that supports data circulation and utilization, including four major core products and solutions [4]. Group 3: AI and Blockchain Applications - The company is actively exploring AI and blockchain technologies, having developed a comprehensive product system that includes platforms for data governance and resource management [4]. - Shanda Diwei's AI initiatives include the development of a large model, DareWen, aimed at enhancing various business applications, with contracts worth 88 million yuan signed in 2024 [5][6]. Group 4: Investment Outlook - The earnings per share (EPS) forecasts for 2025, 2026, and 2027 are projected at 0.20, 0.25, and 0.27 yuan respectively, with corresponding price-to-earnings (PE) ratios of 54.65, 44.06, and 40.33 [8]. - The company maintains a "buy" rating, with expectations that the change in actual controller will inject new growth momentum and break through revenue growth ceilings [8].

证券研究报告：计算机 | 公司点评报告 发布时间：2025-06-19 股票投资评级 公司基本情况 | 最新收盘价（元） | 10.96 | | --- | --- | | 总股本/流通股本（亿股）4.00 | / 4.00 | | 总市值/流通市值（亿元）44 | / 44 | | 52 周内最高/最低价 | 11.53 / 6.88 | | 资产负债率(%) | 19.8% | | 市盈率 | 68.41 | | 第一大股东 | 山东山大资本运营有限 | | 公司 | | 研究所 分析师:孙业亮 SAC 登记编号:S1340522110002 Email:sunyeliang@cnpsec.com 分析师:常雨婷 SAC 登记编号:S1340523080001 Email:changyuting@cnpsec.com 山大地纬(688579) 实控人拟变更，"AI+区块链"领军开启新征程 l "AI+区块链"领军，实控人变更注入增长动能 山大地纬是国内领先的"AI+区块链"科技服务商，是山东大学 校属企业，坚持"产学研用"深度融合的创新发展之路。公司持续构 建业界领先的产品和解决方案，推进智慧人社、智慧医 ...

每经记者｜杨建 每经编辑｜彭水萍 （一）重要市场新闻 1、当地时间6月18日，美联储最新的联邦公开市场委员会（FOMC）货币政策会议纪要显示，美联储决 定将联邦基金利率目标区间维持在4.25%至4.50%之间不变。这是美联储货币政策会议连续第四次决定 维持利率不变。美股三大指数收盘涨跌不一，纳指涨0.13%，标普500指数跌0.03%，道指跌0.1%； Circle大涨，创IPO以来最大单日涨幅，股价超200美元，再创新高；大型科技股涨多跌少，英特尔涨超 3%。中概股多数收跌，纳斯达克中国金龙指数跌0.82%；阿里巴巴、百度、哔哩哔哩均跌超1%。 2、国际金价走低，现货黄金跌0.55%，报3368.47美元/盎司；COMEX黄金期货跌0.6%，报3386.40美元/ 盎司；COMEX白银期货跌1.05%，报36.76美元/盎司。国际油价小幅下跌，美油主力合约收跌0.22%， 报73.11美元/桶；布伦特原油主力合约跌0.26%，报76.25美元/桶。欧洲三大股指收盘涨跌不一，德国 DAX指数跌0.5%报23317.81点，法国CAC40指数跌0.36%报7656.12点，英国富时100指数涨0.11%报 88 ...

每经记者｜杨建 每经编辑｜肖芮冬 ｜2025年6月19日 星期四｜ NO.1 人民币跨境支付系统（CIPS）与6家外资机构签约 据央视新闻报道，6月18日，人民币跨境支付系统（CIPS）跨境银企合作专场活动在上海举行，人民币 跨境支付系统（CIPS）与6家外资机构举行直接参与者签约仪式，与泰国盘谷银行举行直接参与者上线 仪式。其中，标准银行、非洲进出口银行、阿布扎比第一银行、吉尔吉斯斯坦Eldik Bank、大华银行成 为CIPS直接参与者，标志着CIPS境外外资直接参与者首次覆盖非洲、中东、中亚及新加坡离岸人民币 中心，将进一步便利跨境人民币使用。 NO.2 央行行长潘功胜：区块链等新型技术将推动央行数字货币稳定币蓬勃发展 6月18日，据《智通财经》报道，央行行长潘功胜在2025陆家嘴论坛上表示，新型技术在跨境支付领域 加速应用，区块链和分布式账本等新型技术推动了央行数字货币稳定币的蓬勃发展，实现了支付及结算 从底层重塑传统的支付体系，大幅缩短跨境支付的链条，同时对金融监管也提出了巨大的挑战。智能合 约、去中心化金融等技术，也将持续推动跨境支付体系的演进和发展。 NO.3 央行行长潘功胜：人民银行已与30多 ...

区块链技术以其全链条实时记录、数据不可篡改、全程可追溯的独特优势，为精准溯源提供破局之道， 助力筑牢粮食质量安全防线，让消费者"吃得放心"。 这些创新实践，勾勒出区块链赋能粮食质量安全的美好图景，但距离构建成熟可靠、普适高效的质量溯 源体系，还面临多重挑战。首先，"数字鸿沟"阻碍广泛接入。生产端存在小农户数字化素养不高、智能 设备普及率低、网络基础设施薄弱等问题，与区块链技术落地要求存在显著落差。其次，"信任第一公 里"难以跨越。区块链本身只能保证链上数据不被篡改，无法确保源头数据真实性，亟需构建一套融合 技术保障与制度约束的信任生成机制，通过物联网深度应用、源头验证、多方交叉验证、信誉机制、严 格执法等措施来解决。再次，高昂成本制约推广动力。区块链、大数据、物联网等溯源技术的硬件部 署、系统开发、运维管理，初始投入巨大，中小企业尤其是小农户难以承担，亟需建立可持续的激励机 制，降低接入成本，激发全产业链参与者积极性。 构建粮食质量溯源体系，单靠区块链技术远远不够，亟需制度保障、标准贯通与理念变革协同并进。政 府应制定区块链应用于粮食领域的法律法规与政策框架，明确数据权属、隐私边界与责任认定规则，为 技术应用 ...

Group 1 - The People's Bank of China announced innovative structural monetary policy tools in Shanghai, including the launch of blockchain-based credit refinancing for shipping trade and expansion of carbon reduction support tools [1] - The global merchant fleet's asset size exceeded $3 trillion in 2023, with a ship financing leasing penetration rate of only 18%, significantly lower than the 40% in the aviation industry [1] - RWA (Real World Asset tokenization) serves as a bridge between traditional assets and the crypto economy, providing new solutions for industry pain points through smart contracts [1] Group 2 - Major industry players like COSCO Shipping, CMA CGM, DP World, and Port of Singapore Authority announced the development of blockchain solutions for the maritime industry as early as 2018 [2] - The blockchain credit refinancing business is expected to be promoted nationwide, facilitating more efficient financing services for foreign trade enterprises and promoting the development of the shipping trade industry [2] Group 3 - COSCO Shipping Technology is collaborating with Circle to build a shipping financial blockchain for real-time settlement of global shipping fees in USDC, positioning it as a core strategic vehicle for digital finance [3] - COSCO Shipping Holdings is involved in the operation of GSBN (Global Shipping Business Network), which aims to support trustworthy transactions and seamless cooperation among global trade participants through blockchain technology [3]

Blockchain - The People's Bank of China announced innovative structural monetary policy tools in Shanghai, including pilot programs for blockchain credit refinancing in shipping trade and carbon reduction support tools [1] - The global merchant fleet's asset scale exceeds $3 trillion, with a ship financing leasing penetration rate of only 18%, indicating significant growth potential in the shipping financing sector [1] Autonomous Vehicles - Cainiao launched a new autonomous delivery vehicle, the GT-Lite, priced at 21,800 yuan, with a promotional price of 16,800 yuan, designed for L4 level autonomous driving [2] - The vehicle aims to reduce costs for delivery points and ensure safety, with the previous model, GTPro, featuring a range of 180 km and a cargo capacity of 5 m³ [2] Optical Chips - The Shanghai Institute of Optics and Fine Mechanics developed a new optical computing chip, "Meteor No. 1," which significantly enhances data processing speed and efficiency [3] - This chip utilizes advanced photonic technology and is expected to be widely applied in AI, big data analysis, and scientific computing [3] Textile Industry - A digital transformation implementation plan for the textile industry was jointly issued by several ministries, focusing on integrating new information technologies and enhancing production capabilities [4] - Key metrics indicate that the CNC rate and digital design tool adoption in major textile enterprises have reached 63.7% and 82.3%, respectively, with leading companies achieving world-class smart factory standards [5] Hydrogen Energy - Tianjin University's team achieved a solar-to-hydrogen conversion efficiency of 5.10% in solar water splitting, marking a significant advancement in clean energy production [6] - This technology could lead to the development of more efficient and durable "artificial leaves" for hydrogen production, potentially transforming the hydrogen energy landscape [6] Brain-Computer Interfaces - BrainTiger Technology, in collaboration with the Shanghai Institute of Microsystem and Information Technology, successfully implanted a 256-channel flexible brain-computer interface in a patient, enabling precise control of various applications [7] Digital Currency - The People's Bank of China announced the establishment of an interbank market trading report library and a digital RMB international operation center to promote the internationalization of digital currency [8] - The emergence of stablecoins is seen as a bridge between traditional finance and crypto assets, enhancing transaction stability and cross-border payment capabilities [8]

华夏时报（www.chinatimes.net.cn）记者 卢梦雪 北京报道 6月18日，在2025年陆家嘴论坛上，中国人民银行行长潘功胜宣布了八项金融开放举措，其中包括，将设立数字人 民币国际运营中心，推进数字人民币的国际化运营与金融市场业务发展，服务数字金融创新。 上海金融与发展实验室首席专家、主任曾刚向《华夏时报》记者分析指出，设立数字人民币国际运营中心是增强 人民币国际化，推动跨境支付和跨境贸易发展的重要举措，对于设立地上海的金融市场发展将起到积极作用。 今年4月21日，中国人民银行、上海市人民政府等4部门联合印发的《上海国际金融中心进一步提升跨境金融服务 便利化行动方案》指出，支持在沪数字人民币运营试点银行积极参与多边央行数字货币桥项目，探索创新特色场 景；支持外汇交易中心为多边央行数字货币桥提供外汇流动性管理及兑换服务。 "中国经济已经走到了资本输出和人民币国际化的关键时点，离岸贸易看似是单一试点，实则牵动人民币国际化、 全球供应链重组、金融开放三盘大棋。"张林向《华夏时报》记者分析认为，在上海开展的离岸贸易金融服务综合 改革试点也将成为数字人民币跨境应用的良好试验田，比如在试点内探索比如用数字货 ...

天眼查App显示，近日，四川荣何炎熠贸易有限公司成立，法定代表人为荣浩涵，注册资本500万人民 币，四川省荣宏商贸有限公司、四川品味巴适商业运营管理有限公司持股。 企业名称四川荣何炎熠贸易有限公司法定代表人荣浩涵注册资本500万人民币国标行业信息传输、软件 和信息技术服务业>互联网和相关服务>互联网信息服务地址四川省成都市双流区东升街道成双大道南 段1599号501-40企业类型其他有限责任公司营业期限2025-6-17至无固定期限登记机关成都市双流区市场 监督管理局 来源：金融界 序号股东名称持股比例1四川省荣宏商贸有限公司51%2四川品味巴适商业运营管理有限公司49% 经营范围含软件开发；技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；工业互联网 数据服务；区块链技术相关软件和服务；数字内容制作服务（不含出版发行）；货物进出口；技术进出 口；进出口代理；国内贸易代理；销售代理；贸易经纪；市场营销策划；企业管理；汽车销售；新能源 汽车整车销售；电车销售；二手车经纪；汽车零配件批发；汽车零配件零售；新能源汽车电附件销售； 汽车装饰用品销售；电池销售；电池零配件销售；新能源汽车换电设施销售；通讯设备 ...

Market Overview - As of June 18, US stock index futures showed mixed results, with Dow futures down 0.02%, S&P 500 futures up 0.05%, and Nasdaq futures up 0.15% [1] - European indices also experienced declines, with Germany's DAX down 0.52%, UK's FTSE 100 down 0.06%, France's CAC 40 down 0.30%, and the Euro Stoxx 50 down 0.38% [2][3] Commodity Prices - WTI crude oil increased by 0.41% to $73.57 per barrel, while Brent crude oil rose by 0.46% to $76.80 per barrel [3][4] Federal Reserve and Economic Outlook - The Federal Reserve is expected to maintain interest rates during the upcoming meeting, awaiting clearer insights into the economic impact of government policy changes [5] - Market expectations suggest at least one rate cut by the Fed this year, with a focus on the potential for a 25 basis point reduction [6][7] Legislative Developments - The US Senate passed a stablecoin bill with a vote of 68 to 30, establishing regulatory rules for cryptocurrencies pegged to the dollar, marking a significant victory for the crypto industry and former President Trump [8] Corporate Developments - JPMorgan Chase is launching a pilot project for a digital deposit token named JPMD on Coinbase, indicating a significant move into the blockchain space by traditional financial institutions [9] - Disney and Amazon have formed a partnership to enhance targeted advertising capabilities for streaming services, allowing more advertisers to access Disney's content inventory [10] - Amazon's AWS is set to update its Graviton4 chip, aiming to compete with Nvidia in the AI infrastructure market [11] - Amazon CEO Andy Jassy warned that generative AI could lead to a reduction in the company's workforce, as automation reshapes job structures [12]