Group 1: Company Overview - Shenzhen New Guodu Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on July 31, 2001, with its listing date on October 19, 2010 [2] - The company specializes in the electronic payment industry, providing payment acquisition services and selling or leasing electronic payment terminals, primarily financial POS machines [2] - New Guodu's main business revenue composition includes: 61.85% from acquisition and value-added services, 35.24% from electronic payment products, 1.06% from audit services, 0.98% from technical services, and 0.79% from other services [2] Group 2: Financial Performance - As of June 30, 2025, New Guodu reported a revenue of 1.527 billion yuan, a year-on-year decrease of 3.17%, and a net profit attributable to shareholders of 275 million yuan, down 38.61% year-on-year [3] - The company has distributed a total of 1.341 billion yuan in dividends since its A-share listing, with 890 million yuan distributed in the last three years [4] Group 3: Stock Performance and Market Activity - On August 29, New Guodu's stock price fell by 2.02%, trading at 31.60 yuan per share, with a total market capitalization of 17.927 billion yuan [1] - The stock has increased by 47.25% year-to-date, but has seen a decline of 5.33% over the last five trading days [1] - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent occurrence on May 29 [1] Group 4: Shareholder Information - As of June 30, 2025, New Guodu had 83,400 shareholders, an increase of 77.74% from the previous period, with an average of 5,207 circulating shares per shareholder, a decrease of 43.72% [3] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 3.7633 million shares, a decrease of 2.6324 million shares from the previous period [4]

Company Overview - Jingbeifang Information Technology Co., Ltd. is located in Haidian District, Beijing, and was established on December 16, 2009. The company went public on May 7, 2020. Its main business involves providing information technology services and business process outsourcing primarily to financial institutions, especially banks [2]. - The revenue composition of Jingbeifang includes: software development and services (33.73%), financial technology solutions (30.03%), smart customer service and precise marketing in consumer finance (19.58%), digital operation and services (13.95%), and AI and big data innovative products (2.71%) [2]. Financial Performance - For the first half of 2025, Jingbeifang achieved operating revenue of 2.361 billion yuan, representing a year-on-year growth of 5.22%. However, the net profit attributable to the parent company was 119 million yuan, a decrease of 0.91% year-on-year [2]. - Since its A-share listing, Jingbeifang has distributed a total of 318 million yuan in dividends, with 261 million yuan distributed over the past three years [3]. Stock Market Activity - On August 29, Jingbeifang's stock price decreased by 2.02%, closing at 24.79 yuan per share, with a trading volume of 1.313 billion yuan and a turnover rate of 6.14%. The total market capitalization stood at 21.502 billion yuan [1]. - Year-to-date, Jingbeifang's stock price has increased by 148.25%, but it has seen a decline of 8.86% over the past five trading days. In the last 20 days, the stock rose by 22.60%, and over the last 60 days, it increased by 67.95% [1]. - The company has appeared on the "Dragon and Tiger List" 10 times this year, with the most recent appearance on August 22, where it recorded a net purchase of 4.7231 million yuan [1]. Shareholder Information - As of August 20, Jingbeifang had 115,900 shareholders, an increase of 33.81% from the previous period. The average number of circulating shares per shareholder was 7,275, a decrease of 25.27% [2]. - Among the top ten circulating shareholders as of June 30, 2025, Hong Kong Central Clearing Limited held 4.1497 million shares, a decrease of 1.3882 million shares from the previous period. New entrants included several ETFs, while some funds exited the top ten list [3].

Group 1 - The People's Bank of China, in collaboration with the Agricultural Bank of China, has facilitated a significant cross-border trade settlement of 68 million yuan for a key supply chain enterprise in Luohu, marking the first large-scale digital RMB cross-border settlement project in Shenzhen [1] - The settlement was executed through the mBridge platform, which allows for real-time transactions, significantly reducing the time required compared to the traditional SWIFT system, which typically takes 1 to 3 working days [1] - The mBridge project is a collaborative effort involving multiple central banks and aims to enhance cross-border payment efficiency, security, and cost-effectiveness through distributed ledger technology and central bank digital currencies [1] Group 2 - Luohu has established a digital RMB application ecosystem that integrates cross-border payments, supply chain finance, and consumer finance, with the recent settlement expected to accelerate the integration of 427 international freight logistics companies in the district into the digital RMB system [2] - Recent policy initiatives from the central government emphasize the importance of digital RMB pilot applications and the exploration of its applicability in cross-border transactions [2] - Shenzhen has achieved several milestones in cross-border transactions using the mBridge platform this year, including a notable 637 million yuan cross-border remittance for a multinational group and a 200 million yuan payment for soybean imports from Hong Kong [2] - Since being selected as a pilot area for digital RMB in 2019, Shenzhen has opened nearly 30 million digital RMB wallets, with over 2 million merchants supporting digital RMB payments [2]

Core Viewpoint - *ST Rendo (002647) reported a significant decline in revenue while achieving profitability in net profit for the first half of the year [1] Financial Performance - The company achieved a revenue of 405 million yuan, representing a year-on-year decrease of 39.66% [1] - The net profit attributable to the parent company was 347 million yuan, marking a turnaround from loss to profit compared to the previous year [1] Strategic Initiatives - During the reporting period, the company focused on implementing restructuring measures and enhancing operational management [1] - The company prioritized the development of cross-border payment business, which showed positive results in the first half of the year [1]

Core Viewpoint - Softcom Power's stock price has shown a slight increase this year, with a notable rise in recent trading days, while the company continues to experience net outflows of capital [1][2]. Company Overview - Softcom Power Information Technology (Group) Co., Ltd. was established on November 4, 2005, and listed on March 15, 2022. The company is based in Haidian District, Beijing, and provides digital innovation services, general technology services, and digital operation services across various industries including telecommunications, internet services, fintech, and high-tech manufacturing [1]. - The company's revenue composition is as follows: software and digital technology services account for 56.52%, computing products and smart electronics for 42.81%, digital energy and intelligent computing services for 0.61%, and others for 0.06% [1]. Financial Performance - For the first half of 2025, Softcom Power achieved operating revenue of 15.781 billion yuan, representing a year-on-year growth of 25.99%. The net profit attributable to shareholders was -143 million yuan, reflecting a year-on-year increase of 7.60% [2]. - Since its A-share listing, the company has distributed a total of 584 million yuan in dividends over the past three years [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Softcom Power was 134,900, a decrease of 4.89% from the previous period. The average number of circulating shares per person increased by 5.14% to 5,040 shares [2]. - The top ten circulating shareholders include notable entities such as E Fund's ChiNext ETF and Hong Kong Central Clearing Limited, with varying changes in their holdings compared to the previous period [3].

Core Viewpoint - New Guodu's stock price has seen a significant increase of 47.53% this year, despite a recent decline of 4.95% over the last five trading days, indicating volatility in the market [2]. Group 1: Stock Performance - As of August 28, New Guodu's stock price was reported at 31.66 CNY per share, with a market capitalization of 17.961 billion CNY [1]. - The company has experienced a net inflow of 2.1457 million CNY from major funds, with large orders accounting for 25.65% of purchases [1]. - Year-to-date, New Guodu's stock has risen by 47.53%, with a recent 4.95% drop over the last five trading days [2]. Group 2: Company Overview - New Guodu, established on July 31, 2001, and listed on October 19, 2010, specializes in electronic payment services, providing payment acquisition services and selling electronic payment terminals [2]. - The company's revenue composition includes 61.85% from acquisition and value-added services, 35.24% from electronic payment products, and smaller percentages from audit and technical services [2]. - New Guodu is exploring new opportunities in digital assets and artificial intelligence, leveraging technologies such as biometrics, big data, and blockchain [2]. Group 3: Financial Performance - For the first half of 2025, New Guodu reported a revenue of 1.527 billion CNY, a year-on-year decrease of 3.17%, and a net profit of 275 million CNY, down 38.61% from the previous year [3]. - The number of shareholders increased to 83,400, with a decrease in the average circulating shares per person by 43.72% [3]. Group 4: Dividend and Shareholding - Since its A-share listing, New Guodu has distributed a total of 1.17 billion CNY in dividends, with 719 million CNY distributed in the last three years [4]. - As of June 30, 2025, Hong Kong Central Clearing Limited was the eighth largest shareholder, holding 3.7633 million shares, a decrease of 2.6324 million shares from the previous period [4].

Core Viewpoint - The stock of Shenzhou Information has experienced fluctuations, with a year-to-date increase of 32.86% and a recent decline of 2.11% on August 28, 2023, indicating volatility in the market [1]. Financial Performance - For the first half of 2025, Shenzhou Information reported a revenue of 4.423 billion yuan, representing a year-on-year growth of 7.98%. However, the net profit attributable to shareholders was -963.796 million yuan, a decrease of 25.93% compared to the previous period [2]. - The company has cumulatively distributed 343 million yuan in dividends since its A-share listing, with 61.7385 million yuan distributed over the last three years [3]. Stock Market Activity - As of August 28, 2023, Shenzhou Information's stock price was 14.88 yuan per share, with a market capitalization of 14.52 billion yuan. The trading volume was 1.79 billion yuan, with a turnover rate of 1.24% [1]. - The company has appeared on the "Dragon and Tiger List" five times this year, with the most recent appearance on March 26 [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Shenzhou Information was 88,300, an increase of 8.15% from the previous period. The average circulating shares per person decreased by 7.56% to 11,008 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 6.3029 million shares, a decrease of 2.3113 million shares from the previous period. New shareholder Southern CSI 1000 ETF held 5.4106 million shares [3].

Core Viewpoint - 京北方 has experienced significant stock price fluctuations, with a year-to-date increase of 145.84% and recent declines in the short term, indicating potential volatility in investor sentiment [1]. Company Overview - 京北方 Information Technology Co., Ltd. was established on December 16, 2009, and went public on May 7, 2020. The company primarily provides information technology services and business process outsourcing to financial institutions, particularly banks [2]. - The revenue composition of 京北方 includes: software development and services (33.73%), financial technology solutions (30.03%), smart customer service and precise marketing in consumer finance (19.58%), digital operation and services (13.95%), and AI and big data innovative products (2.71%) [2]. - 京北方 operates within the software development sector, focusing on vertical application software, and is associated with concepts such as cross-border payments, digital currency, blockchain, interconnected finance, and financial technology [2]. Financial Performance - For the first half of 2025, 京北方 reported revenue of 2.361 billion yuan, reflecting a year-on-year growth of 5.22%. However, the net profit attributable to shareholders decreased by 0.91% to 119 million yuan [2]. - Since its A-share listing, 京北方 has distributed a total of 318 million yuan in dividends, with 261 million yuan distributed over the past three years [2]. Shareholder Structure - As of June 30, 2025, the top ten circulating shareholders of 京北方 include significant institutional investors, with notable changes in holdings. For instance, Hong Kong Central Clearing Limited reduced its stake by 1.3882 million shares, while Southern CSI 1000 ETF increased its holdings by 936,600 shares [3]. - New entrants among the top ten shareholders include 华夏中证1000ETF and 广发中证1000ETF, indicating a shift in institutional interest [3].

Core Viewpoint - The company, Lianlian Digital, has successfully turned a profit by selling part of its stake in a joint venture with American Express, achieving a net profit of 1.51 billion yuan in the first half of the year, a fivefold increase year-on-year [3][10]. Financial Performance - In the first half of the year, Lianlian Digital reported a net profit of 1.51 billion yuan, driven by asset sales [3]. - The sale of the joint venture stake generated an investment income of 1.6 billion yuan, significantly improving the company's financial standing [4][10]. - The total payment volume (TPV) for Lianlian's digital payment services reached 2.1 trillion yuan in the first half of the year [5]. Business Strategy - The company aims to focus on cross-border payment services, moving away from the highly competitive domestic market dominated by Alipay and WeChat [7]. - Lianlian Digital's global payment business achieved a gross margin of 72.7%, while its domestic payment business had a gross margin of less than 20% [6]. - The company is actively pursuing licenses to enhance its credibility and operational capabilities in the cross-border payment sector [14][15]. Regulatory Environment - The compliance costs for cross-border payment platforms are increasing, with specific requirements for licenses and technology investments [11][12]. - The company has obtained a total of 65 global payment licenses, including an EMI license from Luxembourg [21]. - Regulatory challenges include fragmented licensing requirements across different countries and the need to balance data protection with operational compliance [21][22]. Market Expansion - Lianlian Digital is expanding its services in both mature markets like Europe and North America, as well as emerging markets in Southeast Asia and the Middle East [19]. - Recent partnerships, such as with UnionPay International, aim to enhance cross-border remittance services [20]. - The company has served 7.9 million customers globally, indicating a strong market presence [18].

Group 1 - As of August 27, 2025, Qingdao Jinwang's stock price closed at 8.75 yuan, down 0.30 yuan or 3.31% from the previous trading day [1] - The stock opened at 9.00 yuan, reached a high of 9.07 yuan, and a low of 8.75 yuan, with a trading volume of 750,715 hands and a transaction amount of 668 million yuan [1] - The company operates in the household light industry sector, involving cosmetics concepts and cross-border payments, with main businesses including candle products, aromatherapy products, and cosmetics [1] Group 2 - The beauty and personal care industry showed overall weak performance on the same day, with a sector decline of 3.86% and a net outflow of 755 million yuan in main funds [1] - Qingdao Jinwang ranked third in the industry for net fund outflow, with a net outflow amount of 84.85 million yuan [1] - On that day, the main funds for Qingdao Jinwang experienced a net outflow of 96.76 million yuan, accounting for 1.6% of its circulating market value, with a cumulative net outflow of 311 million yuan over the past five trading days, representing 5.14% of its circulating market value [1]