（原标题：揭秘涨停丨这只航运股获近百万手封单） 涨停战场：宁波海运封单资金居首 华泰证券指出，作为全球最重要的石油运输要道，位于伊朗南部的霍尔木兹海峡航道受阻风险提升，扰 动全球海运供应链。国际油运受中东局势影响显著，运价有望在当前低基数上跳涨；集运/干散受中东 区域影响相对较小。 龙头点睛：数字货币板块掀起涨停潮 1.数字货币 涨停个股：优博讯、四方精创、吉大正元、恒宝股份、中科金财等 稳定币浪潮向全球袭来。 优博讯：公司在与数字人民币相关的，基于TEE和SE的金融安全技术、基于云端的金融风险管控、基于 NFC和二维码的金融安全支付等方面积累了丰富的技术储备。 四方精创：公司一直在探索和实践利用区块链和分布式账本技术赋能持牌金融机构。公司FINNOSafe合 规Web3平台可支持稳定币发行人及市场参与者相关业务的发展。 据证券时报·数据宝统计，今日（6月23日）涨停股中，从收盘涨停板封单量看，宁波海运居于首位，封 单量98.54万手；新通联、海联金汇、雷科防务、茂化实华、欢瑞世纪等股随后，封单量均在20万手以 上。 从连续涨停天数看，山东墨龙斩获7连板；诺德股份实现5连板；长城军工完成4连板；茂化实华、湘潭 ...

Summary of Stablecoin Industry Conference Call Industry Overview - The stablecoin industry is entering a rapid growth phase, with the U.S. and Hong Kong advancing legislation to regulate stablecoins, which is beneficial for healthy industry development [1][4] - Domestic policies will significantly impact future developments, with the potential for RMB stablecoins to expand into inter-enterprise payments, bank-to-business transactions, and international trade, aiding in the internationalization of the RMB [1][4] Core Insights and Arguments - Stablecoins offer significant advantages in cross-border payments, with settlement times under one hour compared to five business days for traditional bank transfers, and lower transaction costs, making them particularly suitable for countries with volatile commodity values [1][5] - The two largest USD stablecoins are USDT, issued by Tether with a supply of approximately $150 billion, and USDC, issued by Circle with a supply of around $60 billion, with over 80% and 92% of their reserves in U.S. Treasury securities, respectively [1][6] - The business model of stablecoin issuers primarily relies on earning interest from reserve assets, with Circle projected to earn $1.66 billion in interest income in 2024, accounting for 99% of its total revenue [1][8][9] Key Players and Market Dynamics - Key segments in the stablecoin industry include licensed issuers, virtual asset distributors, and cryptocurrency exchanges, with Hong Kong serving as a significant testing ground for stablecoin initiatives [3][10] - Traditional financial institutions are exploring new stablecoin applications, with companies like Walmart, Amazon, and JPMorgan collaborating on stablecoin issuance [3][12] - Notable companies in the secondary market include Yuanbi Technology, which is linked to the USDC project, and JD.com, which has shown market performance [11] Future Directions and Regulatory Landscape - The Hong Kong Monetary Authority is expected to release stablecoin issuance guidelines and open license applications by Q3 2025, with regulations likely to take effect in Q4 2025 [3][13] - Ant Group is actively exploring Real World Assets (RWA) and has partnered with various companies to advance asset digitization, which could revitalize China's computing power industry [14] Risks and Considerations - Potential risks include policy changes, particularly with upcoming regulations expected in Q3 2023, which may lead to volatility in stablecoin-related assets during the transitional period [19] - Technological changes related to distributed ledgers and cryptocurrencies may also pose risks, along with the pace of implementation not meeting expectations [19] Investment Opportunities - Three key areas to focus on for investment include issuers with scarce license advantages, infrastructure service providers, and the cross-border payment ecosystem [18]

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - Stablecoins are emerging as a new global digital currency solution, characterized by asset anchoring, low volatility, and high settlement efficiency, becoming essential tools for on-chain payments and cross-border settlements. The current phase is marked by accelerated policy development and the establishment of compliance frameworks, transitioning stablecoins from a gray area to institutionalized development. A diverse ecosystem of stablecoins is expected to coexist in the future [2] - Real World Assets (RWA) emphasize the digital circulation of real-world assets (such as photovoltaic and real estate rights) through on-chain verification and mapping. The initial focus is on green energy and industrial equipment assets, with preliminary mechanisms for on-chain yield mapping and cross-border issuance established. RWA is transitioning from a technical concept to a verifiable and tradable asset form, entering a phase driven by practical demand [2] Summary by Sections 01 Stablecoins: A Global Digital Currency Solution - Stablecoins are designed to maintain price stability, typically pegged to fiat currencies or commodities, and are increasingly used for transactions and value storage. They play a crucial role in the volatile cryptocurrency market, particularly in cross-border payments [10] - The development of stablecoins in Hong Kong is supported by the establishment of a digital currency infrastructure, with the Hong Kong Monetary Authority (HKMA) initiating the digital Hong Kong dollar project and conducting trials for tokenized asset settlements [16][19] - The HKMA's regulatory sandbox for stablecoin issuers is progressing, with several institutions participating in testing mechanisms for issuance and reserve management [19] 02 RWA: From Concept to Implementation - RWA is defined as non-digital assets and related rights that are tokenized for on-chain trading. As of June 2025, the total value of global on-chain RWA assets has surpassed $23.3 billion [36] - Stablecoins serve as a bridge between traditional finance and the crypto world, enhancing liquidity and efficiency in RWA transactions, and enabling innovative financial products [37][41] - The integration of stablecoins with RWA facilitates cross-border payments and reduces transaction costs, making it easier for investors to engage in fragmented asset investments [44] 03 Industry Chain and Development Status: Policy-Driven, Compliance-Enhanced - The industry is supported by a three-tier structure: upstream providing technology and compliance support, midstream focusing on asset tokenization, and downstream involving applications in payments and investments [58] - The overall industry is still in an exploratory phase, with significant room for improvement in infrastructure, legal frameworks, and application ecosystems [58] - The report highlights the competitive landscape, noting key players such as Ant Group and JD.com, which are actively developing stablecoin and RWA projects [74][81]

Group 1 - The Chinese government will allocate an additional 138 billion yuan in central funds for the consumption upgrade policy in the third and fourth quarters [2] - The People's Bank of China and the Hong Kong Monetary Authority have launched a cross-border payment system to facilitate RMB and HKD remittances between the mainland and Hong Kong [2] - In the first five months of this year, China's actual use of foreign capital decreased by 13.2% year-on-year, with significant growth in e-commerce services, aerospace manufacturing, and chemical pharmaceuticals [3][4] Group 2 - The National Development and Reform Commission has introduced over 3,200 projects to attract private capital, focusing on key areas such as energy and new infrastructure, with total investments exceeding 3 trillion yuan [4] - The June LPR (Loan Prime Rate) remained unchanged at 3.0% for the one-year term and 3.5% for the five-year term, aligning with market expectations [3] - The Ministry of Finance reported that national public budget expenditure reached 1.12953 trillion yuan in the first five months, a year-on-year increase of 4.2% [3] Group 3 - The A-share market experienced fluctuations, with the Shanghai Composite Index closing down 0.07% at 3,359.9 points, while the Hong Kong Hang Seng Index rose 1.26% [5][28] - The China Securities Regulatory Commission (CSRC) has seen a significant increase in the number of qualified foreign institutional investors, rising from 558 at the end of 2020 to 894 currently, a growth of over 60% [5] - The CSRC issued 11 administrative penalty decisions related to insider trading, with a total penalty amount of approximately 60 million yuan [6] Group 4 - The Central Internet Information Office reported that over 3,500 AI products were disposed of in the first phase of a special action to rectify the misuse of AI technology [9] - The National Medical Products Administration approved measures to optimize the lifecycle supervision of high-end medical devices to promote innovation in the healthcare sector [9] - The China Light Industry Federation stated that the association is unaware of any meetings regarding "production limits to maintain prices" in the photovoltaic industry [11]

6月20日下午消息，今日蚂蚁数科发布辟谣声明：蚂蚁数科与海南华铁仅就RWA进行了非常初步的、探索 性的交流，未达成任何形式的正式合作协议、商业安排或实质性项目落地。此外，近期市场上存在部分公 司借"RWA"、"稳定币"等热点概念进行炒作，暗示与蚂蚁数科之间的不实合作。请广大投资者和合作伙 伴谨慎甄别市场传闻，注意投资风险。 同时，蚂蚁数科也表示，对任何未经授权使用我司名义进行不当宣传的行为保留法律追责权利。蚂蚁数科 致力于合规创新，任何重要进展将通过官方渠道及时披露。 综合自： 蚂蚁数科 点击关键字可查看 责编：叶舒筠 校对： 姚远 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes END 6月19日，蚂蚁数科在中国国际金融展上宣布将联合金融行业伙伴推出超百个金融场景智能体解决方案， 全面覆盖AI原生手机银行、风控、理财、营销等核心金融应用场景。 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十大明星私募访谈 丨 闪崩！暴跌 ...

新华财经北京6月20日电（胡晨曦）A股三大指数6月20日震荡走低，沪指窄幅震荡微跌，创业板指领 跌，尾盘跌近1%。盘面上，航运板块逆势走强，宁波海运等涨停；白酒股展开反弹，皇台酒业涨停； 银行股继续走强，工商银行等再创历史新高；固态电池概念反复活跃，湘潭电化等涨停。下跌方面，油 气股集体调整，贝肯能源跌停。 截至收盘，沪指报3359.90点，跌0.07%，成交4109亿元；深证成指报10005.03点，跌0.47%，成交6569 亿元；创业板指报2009.89点，跌0.84%，成交3264亿元。 巨丰投顾：周五市场震荡运行，光刻胶板块涨幅居前。在政策刺激下，A股与经济有望同步出现向上的 拐点。7月进入中报披露窗口后，市场风格将向业绩确定性加速切换，科技板块在政策红利与周期见底 共振下，有望引领结构性反弹。投资者宜在防守中聚焦科创板"1+6"受益标的及低位放量抗跌品种，静 待新周期下的新主线。 热点板块 盘面上，白酒、保险、港口航运、BC电池、减肥药、银行等板块和概念股涨幅居前；油气开采及服 务、文化传媒、贵金属、可燃冰、短剧游戏、华为盘古等板块和概念股跌幅居前。 机构观点 银河证券：白电板块的投资主要看公司业 ...

《科创板日报》20日讯，蚂蚁数科发布消息称，近日，注意到市场上有关于蚂蚁数科与海南华铁就 RWA及稳定币探讨合作的传闻，引发市场关注。蚂蚁数科特此澄清，双方仅就RWA进行了非常初步 的、探索性的交流，未达成任何形式的正式合作协议、商业安排或实质性项目落地。此外，近期市场上 存在部分公司借"RWA"、"稳定币"等热点概念进行炒作，暗示与蚂蚁数科之间的不实合作。请广大投资 者和合作伙伴谨慎甄别市场传闻，注意投资风险。 蚂蚁数科：与海南华铁就RWA进行初步交流 未达成任何形式的正式合作协议等 ...

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].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 20% compared to the benchmark index within the next six months [6][8]. Core Insights - The company is a leading "AI + Blockchain" technology service provider in China, with a focus on integrating academic research and practical applications. The potential change in actual controller is expected to inject new growth momentum and open up new revenue streams [3][4][8]. - In 2024, the company achieved a revenue of 555 million yuan, representing a year-on-year growth of 3.14%. However, the net profit attributable to shareholders decreased by 21.04% to 64.08 million yuan due to increased costs associated with market expansion and higher R&D expenses [3][8]. - The company has developed a new product system and four core solutions to support data circulation and utilization, which have been recognized as exemplary cases in national digital transformation initiatives [5][8]. Company Overview - The latest closing price of the company's stock is 10.96 yuan, with a total market capitalization of 4.4 billion yuan. The company has a total share capital of 400 million shares and a debt-to-asset ratio of 19.8% [2]. - The company is actively involved in the development of AI technologies and has signed contracts worth 88 million yuan related to AI applications in 2024, indicating a strong growth trajectory in this sector [7][8]. Financial Projections - The company is projected to achieve earnings per share (EPS) of 0.20, 0.25, and 0.27 yuan for the years 2025, 2026, and 2027, respectively. The corresponding price-to-earnings (P/E) ratios are expected to be 54.65, 44.06, and 40.33 [8][12]. - Revenue is expected to grow from 620 million yuan in 2025 to 805 million yuan in 2027, with a compound annual growth rate (CAGR) of approximately 14.11% [9][12].

Core Viewpoint - The integration of blockchain technology in the photovoltaic industry is accelerating, with companies like GCL-Poly Energy Holdings and Ant Group collaborating to launch innovative platforms aimed at reducing carbon emissions and enhancing transparency in the supply chain [2][3][4]. Group 1: Company Developments - GCL-Poly Energy Holdings announced the launch of the upgraded GCL Carbon Chain 3.0 at the 18th SNEC International Photovoltaic and Energy Storage Exhibition, aiming to utilize AI and blockchain to lower carbon emissions and optimize reduction pathways [2][3]. - The GCL Carbon Chain is the world's first carbon management platform based on "granular silicon technology + blockchain technology + intelligent technology," allowing for the visualization, quantification, and verification of low-carbon footprints of granular silicon components [3]. - GCL-Poly Energy Holdings has a long-standing commitment to carbon chain products, having previously launched the first GCL Carbon Chain in June 2024, in collaboration with Ant Group and GCL Technology Holdings [3]. Group 2: Market Trends - The photovoltaic industry is witnessing increased innovation and collaboration, with blockchain technology being applied more extensively [4]. - GCL-Poly Energy Holdings' subsidiary, GCL Energy Technology, signed a strategic cooperation agreement with Ant Group to tokenize real-world assets (RWA) based on photovoltaic assets, marking a significant milestone in the financialization of physical assets [4][5]. - The market is showing a growing interest in RWA, which involves mapping ownership rights of physical assets to blockchain tokens, enhancing liquidity and financing efficiency [5]. Group 3: Industry Insights - The application of blockchain in the photovoltaic sector is transitioning from concept validation to large-scale implementation, with tools like the GCL Carbon Chain addressing transparency in environmental information [5]. - Experts suggest that the true transformation in the renewable energy sector will come from asset ownership transactions rather than RWA itself, potentially leading to increased investment in the photovoltaic industry [6].