Core Viewpoint - The People's Bank of China, along with the National Development and Reform Commission and the National Data Bureau, has initiated a pilot program in the financial sector to implement the "Data Element ×" three-year action plan (2024-2026), aiming to enhance financial quality, reduce costs, and improve efficiency through the multiplier effect of data elements [1] Group 1 - The pilot program is guided by Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era and aims to fully implement the new development concept while ensuring safety and compliance [1] - The initiative will leverage vast financial data and diverse application scenarios to promote cross-industry and cross-level data optimization, collaboration, reuse, and innovation [1] - The program focuses on optimizing financial services, enriching financial products, and strengthening risk prevention measures to support the "five major tasks" of finance [1] Group 2 - The pilot work includes four main tasks: enhancing foundational capabilities and improving data governance, promoting orderly data sharing to optimize resource allocation, strengthening data integration applications to enhance financial service quality, and establishing robust security management to improve financial risk resistance [1]

Core Viewpoint - The company, Yingfang Software, specializes in data replication software and services, focusing on compatibility with various platforms and contributing to the digital transformation across multiple industries [2][3][7]. Company Overview - Yingfang Software was established on August 12, 2011, and went public on January 19, 2023. The company is located in Shanghai and primarily offers data replication software, integrated hardware-software solutions, and related services [7]. - The revenue composition of the company includes 60.37% from software products, 20.57% from software-related services, 15.97% from integrated hardware-software products, and 3.09% from other sources [7]. Product and Technology - The company has developed proprietary data replication technologies, including dynamic file byte-level replication, database semantic-level replication, and volume block-level replication, which are essential for disaster recovery and data protection [2][3]. - Yingfang Software's products are compatible with various domestic and international software brands, including Huawei's Kunpeng chips and Euler operating systems, and have been certified for compatibility with GaussDB and openGauss [2][3]. Market Position - Yingfang Software is recognized as one of the top three suppliers in the domestic data replication and protection software market [3]. - The company's software products are widely used in the financial sector, including securities firms, banks, insurance companies, and asset management firms, as well as in government agencies, healthcare institutions, and telecommunications operators [3]. Financial Performance - For the first half of 2025, Yingfang Software reported a revenue of 84.35 million yuan, reflecting a year-on-year growth of 0.93%. However, the net profit attributable to the parent company was -9.53 million yuan, which represents a significant improvement with a year-on-year growth of 55.35% [8].

Group 1 - The core viewpoint of the news is that Hailanxin's stock has shown significant volatility, with a year-to-date increase of 132.44% but a recent decline in the last five and twenty trading days [2] - As of September 29, Hailanxin's stock price was 19.06 CNY per share, with a market capitalization of 13.733 billion CNY and a trading volume of 484 million CNY [1] - The company has experienced a net outflow of 21.81 million CNY in principal funds, with large orders showing a buy-sell ratio of 1.12 billion CNY to 1.23 billion CNY [1] Group 2 - Hailanxin's main business involves the development, production, and sales of marine observation detection instruments and intelligent ship systems, with revenue composition being 67.32% from marine observation equipment and systems, and 32.29% from intelligent ships and navigation systems [2] - The company has been listed on the stock market since March 26, 2010, and has made a total of 93.85 million CNY in cash distributions since its A-share listing, with no distributions in the last three years [3] - As of June 30, 2025, Hailanxin reported a revenue of 487 million CNY, representing a year-on-year growth of 208.66%, and a net profit of 34.14 million CNY, with a growth of 172.44% [2]

Core Viewpoint - The stock price of Zhaochuang Information has shown fluctuations, with a slight increase recently, but a decline over the past month, indicating potential volatility in the market [1][2]. Group 1: Stock Performance - As of September 29, Zhaochuang Information's stock price increased by 2.01% to 58.33 CNY per share, with a trading volume of 64.43 million CNY and a turnover rate of 3.16%, resulting in a total market capitalization of 3.52 billion CNY [1]. - Year-to-date, the stock price has risen by 1.94%, but it has decreased by 2.23% over the last five trading days, 9.66% over the last 20 days, and 4.94% over the last 60 days [2]. Group 2: Financial Performance - For the first half of 2025, Zhaochuang Information reported a revenue of 171 million CNY, representing a year-on-year growth of 15.75%. However, the net profit attributable to shareholders was 35.14 million CNY, which reflects a year-on-year decrease of 10.72% [3]. - The company has distributed a total of 300 million CNY in dividends since its A-share listing [4]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Zhaochuang Information was 14,000, a decrease of 5.29% from the previous period, with an average of 2,547 circulating shares per shareholder, which is an increase of 6.71% [3]. - Among the top ten circulating shareholders, CITIC Prudential Multi-Strategy Mixed Fund (LOF) A is the eighth largest, holding 200,000 shares as a new shareholder [4]. Group 4: Business Overview - Zhaochuang Information, established on April 22, 2004, and listed on October 19, 2022, specializes in providing professional services related to data monitoring, price assessment, and industry analysis in the bulk commodity market [2]. - The company's revenue composition includes information services (57.19%), intelligent services (20.98%), exhibition services (12.08%), consulting services (9.74%), and others (0.01%) [2].

Core Insights - The stock price of Tonghuashun increased by 2.01% on September 29, reaching 367.14 CNY per share, with a total market capitalization of 197.37 billion CNY [1] - The company reported a year-to-date stock price increase of 29.09%, but a decline of 0.48% over the last five trading days and 7.59% over the last twenty days [1] - For the first half of 2025, Tonghuashun achieved operating revenue of 1.779 billion CNY, a year-on-year growth of 28.07%, and a net profit attributable to shareholders of 502 million CNY, up 38.29% [2] Financial Performance - The company has cumulatively distributed dividends of 7.991 billion CNY since its A-share listing, with 4.193 billion CNY distributed in the last three years [3] - As of June 30, 2025, the number of shareholders decreased by 2.77% to 86,800, while the average circulating shares per person increased by 2.84% to 3,175 shares [2] Shareholder Structure - As of June 30, 2025, Hong Kong Central Clearing Limited was the third-largest circulating shareholder, holding 12.2971 million shares, a decrease of 1.8611 million shares from the previous period [3] - The seventh-largest circulating shareholder, E Fund's ChiNext ETF, held 5.084 million shares, with a slight decrease of 4,721 shares [3] - The ninth-largest shareholder, Huatai-PB CSI 300 ETF, increased its holdings by 300,800 shares to 3.9361 million shares [3]

Core Viewpoint - The stock price of Meiansen has experienced a decline of 12.95% year-to-date, with recent trading showing a slight recovery, but overall performance remains weak in the context of its financial results and market position [2]. Company Overview - Meiansen Technology Co., Ltd. is located in Chongqing and was established on May 21, 2003, with its stock listed on November 2, 2011. The company specializes in the research, design, production, marketing, and operation services in the Internet of Things and security fields [2]. - The main business revenue composition includes 96.32% from mining products, 2.92% from other supplementary products, and 0.76% from non-mining products [2]. Financial Performance - For the first half of 2025, Meiansen reported operating revenue of 223 million yuan, a year-on-year decrease of 4.16%, and a net profit attributable to shareholders of 28.73 million yuan, down 10.80% year-on-year [2]. - The company has distributed a total of 105 million yuan in dividends since its A-share listing, with 21.62 million yuan distributed over the past three years [3]. Stock Performance - As of September 29, Meiansen's stock price rose by 2.08% to 12.77 yuan per share, with a total market capitalization of 3.929 billion yuan. However, the stock has seen a decline of 2.89% over the last five trading days and 9.94% over the last 20 days [1][2]. - The trading volume on September 29 was 37.55 million yuan, with a turnover rate of 1.19% [1]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased to 24,700, with an average of 10,226 circulating shares per person, an increase of 3.12% from the previous period [2]. - Among the top ten circulating shareholders, Huaxia Stable Growth Mixed Fund holds 2.4693 million shares, having decreased by 2.0776 million shares compared to the previous period [3].

更快、更轻、更稳 邮储银行数智化硬核跃迁 中国经营报 本 文 摘 要 新一代资金业务核心系统实现100%国产化部署，单笔交易审批效率提升97%；智能外呼上半年引导3000亿元信贷精准流向民生领域；230余项大模型应用覆盖业务全场景……邮储银行用一组组数 近日，邮储银行发布公告称，将吸收合并下属全资子公司中邮邮惠万家银行有限责任公司。而此次整合将进一步强化邮储银行的资源集约利用，推动技术、数据与业务场景的深度融合，并从夯实 在金融科技竞争进入"深水区"的2025年，邮储银行正以国产化核心系统为底座、以全域数据资产为血液、以人工智能技术为中枢，实现从"技术支撑"到"科技引领"的跃升，探索出一条契合国家 01 科技底座革命：从"可用"到"自主可控" 在核心技术自主可控的战略指引下，邮储银行率先完成第三代资金业务核心系统的国产化部署。继新一代个人、公司和信用卡三大核心系统全面升级后，邮储银行完成第三代资金业务核心系统首 新一代系统上线后，邮储银行实现了"更快"——系统负载峰值提升超10倍、单笔交易审批用时减少97%、日终跑批时间缩短90%，为全行数万亿资金业务资产稳健运行筑牢安全防线。 这一突破深度契合国家战略导向。 ...

Core Viewpoint - The National Data Bureau emphasizes the importance of supporting local initiatives and exploring data element value, aiming to accelerate the formation of new productive forces driven by data elements [1][2]. Group 1: Policy Support and Implementation - Local governments have effectively strengthened policy alignment and developed specific action plans for the "data element ×" initiative, with over 10 provinces, including Shandong, issuing comprehensive or specific work plans [2]. - Financial support policies, such as fiscal funding rewards, have been established to ensure the effective implementation of the initiative [2]. Group 2: Value Release and Exploration - Localities are actively promoting pilot projects, competitions, and case studies to explore diverse paths for releasing data element value, with a focus on tailored approaches [2][3]. - The initiative aims to activate the value of data elements through the issuance of scenario guidelines [2]. Group 3: Integration and Multiplicative Effects - There is a strong emphasis on deep integration of real numbers, leveraging the amplifying, overlapping, and multiplying effects of data elements to enhance both traditional and emerging industries [3]. - Localities are establishing data annotation bases and data industry clusters to foster the growth of data enterprises [3]. Group 4: Legislative Developments - Various regions, including Guangdong and Jiangsu, are advancing the legislative process for data regulations, with Guangdong focusing on enhancing data security measures [4]. - Jiangsu has launched a unified data exchange, listing 3,933 data products and gathering 1,864 data merchants and third-party service providers [4]. - Shandong is also accelerating the legislative process for data regulations, establishing standards and guidelines to ensure lawful data development and utilization [4]. Group 5: Industry-Specific Applications - Chongqing is enhancing the development of intelligent connected vehicles by integrating data across government, industry, society, and enterprises, creating a trusted data space for the automotive sector [5]. - The city has become a significant player in the new energy vehicle market, with one in ten new energy vehicles in China being produced in Chongqing [5].

Group 1 - The National Data Bureau is promoting the "Data Element ×" initiative to support local governments in exploring and implementing data-driven strategies, aiming to activate the value of data elements [1][2] - The initiative has shown effective policy support and local action, with over 10 provinces, including Shandong, developing comprehensive work plans and financial support policies [2] - Local governments are encouraged to explore diverse paths for releasing data value, with ongoing support for pilot projects and scenario guidelines [2][3] Group 2 - The integration of real data is advancing, enhancing the multiplier effect of data elements, which is expected to foster both traditional and emerging industries [3] - Various regions are accelerating the legislative process for data regulations, with Guangdong and Jiangsu implementing multiple policies to enhance data management and utilization [4] - Chongqing is focusing on digital empowerment in the intelligent connected vehicle sector, creating a trusted data space for the automotive industry and promoting digital transformation [5]

Group 1 - The National Data Bureau is promoting the "Data Element ×" initiative, encouraging local governments to explore and implement policies that activate the value of data elements [1][2] - The initiative has shown effective support policies, with over 10 provinces, including Shandong, having developed action plans and financial support measures [1][2] - Local governments are exploring diverse paths for releasing the value of data elements, with a focus on pilot projects and case promotions [1][2] Group 2 - The integration of real data is advancing, enhancing the multiplier effect of data elements, benefiting both traditional and emerging industries [2] - Various regions are accelerating the legislative process for data regulations, with Guangdong and Jiangsu leading in policy development and data resource management [3][4] - Chongqing is focusing on digital empowerment in the intelligent connected vehicle sector, creating a trusted data space for the automotive industry [4]