格隆汇8月22日丨今米房集团(08300.HK)发布公告，有关建议收购南京泽瑞龙祥供应链管理有限公司 ("泽瑞龙祥")55%股权，该收购预计将产生协同效应，包括精简营运带来的成本效益、提高留存利润以 及增加集团餐饮业务与食品及酒类分销分部之间的交叉销售机会。透过拥有泽瑞龙祥运营的电商平 台"泽瑞龙祥AI小店"，公司将直接获取客户数据和洞见，从而实现更精准的营销和产品开发。 在上海数据交易所(为总部位于上海市进行跨境数据交易的关键平台)的指导及由江苏三个小矮人网络科 技有限公司的牵头下，泽瑞龙祥首次实现其数据资源在上海数据交易所登记入表，而相关数据资源来 自"泽瑞龙祥AI小店"。董事会认为"泽瑞龙祥AI小店"将垂直整合集团食品及酒类产品销售及分销能力； 而泽瑞龙祥的数据资源综合入表既规范了数据的管理及应用，盘活了数据资源，释放了数据价值，又创 新了融资渠道，缓解了资金压力，实现了集团数据资产的保值增值。 同时，泽瑞龙祥的首个数据产品"泽瑞龙祥电商消费行为洞察"，已成功在上海数据交易所实现挂牌。依 托上海数据交易所数据资产交易服务系统(DAM)，董事会相信数据产品的挂牌可能有助于实现企业数据 资产与金融市场服务的 ...

Core Viewpoint - Data is being recognized as the fifth production factor, significantly reshaping the balance sheets of commercial banks as they actively explore the integration of data resources into their financial statements [1][2][3]. Group 1: Importance of Data Resource Integration - The integration of data resources into financial statements is crucial for commercial banks to accelerate digital transformation and enhance their ability to serve the real economy [1][2]. - The implementation of the "Interim Regulations on Accounting Treatment Related to Enterprise Data Resources" has provided a framework for converting data resources into data assets [2][5]. - Data resource integration is seen as a response to national policy initiatives aimed at developing digital finance and improving data governance [7][9]. Group 2: Current Practices and Developments - Several national joint-stock banks and city commercial banks have begun to establish standardized processes for data resource integration, including inventory, rights confirmation, and valuation [3][4]. - As of the end of 2024, banks like Hengfeng Bank and Citic Bank have reported data resource values in the range of hundreds of thousands to millions of yuan, with Everbright Bank leading at over 18 million yuan [3][4]. - City commercial banks are also actively participating, with Ningbo Bank reporting a data resource value of 6 million yuan and Hangzhou Bank at 327.4 thousand yuan [4]. Group 3: Challenges and Future Outlook - The current stage of data resource integration is exploratory, with the actual scale of integration remaining limited compared to other industries [5][8]. - The primary challenges include the valuation and rights confirmation of data resources, which are complicated by the diverse types and uses of data [8][9]. - The establishment of a comprehensive data asset valuation framework by the China Banking Association aims to address these challenges and facilitate the marketization of data resources [8][9]. Group 4: Strategic Recommendations - To enhance the integration of data resources, banks are encouraged to strengthen data governance, improve IT infrastructure, and develop a clear lifecycle management system for data assets [9][10]. - Collaboration among government, industry associations, and enterprises is essential to create standardized valuation methods and operational guidelines for data resource integration [9][10].

Core Viewpoint - Data is being recognized as the fifth production factor, significantly reshaping the balance sheets of commercial banks as they actively explore and incorporate data resources into their financial statements [1][2]. Group 1: Importance of Data Resource Integration - The integration of data resources into financial statements is crucial for commercial banks to accelerate digital transformation and enhance their ability to serve the real economy [1][2]. - The implementation of the "Interim Provisions on the Accounting Treatment of Corporate Data Resources" has provided a framework for converting data resources into data assets [2][3]. - The ongoing development of data resource integration is expected to accelerate as policies and evaluation methods improve [1][5]. Group 2: Current Practices and Examples - Several national joint-stock banks and city commercial banks have begun the process of integrating data resources into their financial statements, establishing standardized procedures for data inventory, rights confirmation, and valuation [3][4]. - For instance, as of the end of 2024, banks like Hengfeng Bank and China CITIC Bank reported data resource values of 1.01 million and 4.94 million respectively, while Everbright Bank's data resource scale exceeded 18 million [3][4]. Group 3: Challenges and Future Directions - Despite the initial steps taken, the scale of data resource integration in commercial banks remains limited compared to other industries, with the need for a unified and authoritative evaluation method being a significant challenge [5][8]. - The complexity of data resource valuation and the need for diverse assessment methods for different types of data are major hurdles in the integration process [9][8]. - The establishment of a comprehensive data asset valuation framework by the China Banking Association aims to address these challenges and facilitate the integration of data resources into financial statements [9][10]. Group 4: Collaborative Efforts for Advancement - Collaboration among government, industry associations, and enterprises is essential to advance the integration of data resources into financial statements [10][11]. - Recommendations include enhancing data lifecycle management, improving IT infrastructure, and fostering talent development to support data governance and accounting processes [10][11].

Core Viewpoint - The value of data as a resource is gradually being released, with various industries moving towards incorporating data resources into their financial statements since the implementation of the interim regulations by the Ministry of Finance in 2024 [1] Group 1: Data Resource Incorporation - Various banks are beginning to recognize data resources as intangible assets, with institutions like Hengfeng Bank being the first to do so in August 2023 [2] - As of 2024, banks such as Citic Bank, Everbright Bank, and Ningbo Bank have also started to incorporate some data resources into their financial statements, although the overall number remains limited [2] - The value of data resources recognized by banks is relatively small, with Citic Bank reporting a net value of RMB 494,000 for its data resources as of the end of 2024 [2] Group 2: Potential and Challenges - Large and medium-sized banks possess rich data resources and have a solid foundation for data governance, indicating significant potential for data resource extraction [3] - Some banks are actively working on data asset inventory, rights confirmation, and valuation, with Qilu Bank elevating data governance to a strategic level [3] - However, many smaller banks are still in the data governance phase, with data quality needing improvement before they can effectively create value from data assets [3] Group 3: Ownership and Valuation Issues - The definition and ownership of data assets in banks remain ambiguous, with no standardized definition available for the industry to follow [4] - The challenges of defining data assets stem from the need to clarify data ownership and establish pricing based on that ownership [5] - Questions arise regarding the ownership of customer data collected during business transactions, particularly concerning the bank's rights to classify such data as assets without customer authorization [6]

Core Insights - Jin Yu Medical (金域医学) reported a significant decline in revenue, with a 15.81% year-on-year decrease, resulting in total revenue of 7.19 billion yuan for 2024 [5][7] - The company faced challenges with accounts receivable, which accounted for 42.39% of total assets, amounting to 4.396 billion yuan [7] - Other medical companies, including Meinian Health (美年健康), He Shi Eye Hospital (何氏眼科), and BGI Genomics (华大基因), also reported declines in revenue and net profit, indicating a broader trend in the industry [5][13] Financial Performance - Jin Yu Medical's net profit for 2024 was -381 million yuan, a decrease of 159.26% compared to the previous year [5] - BGI Genomics reported a revenue of 3.867 billion yuan, down 11% year-on-year, with a net profit of -903 million yuan [5][13] - Meinian Health's data resource entry amounted to 9.352 million yuan, with a focus on developing health management products [15] Data Resource Integration - Jin Yu Medical disclosed data resource integration amounting to 7.0083 million yuan, with 3.3544 million yuan classified as development expenses and 3.6538 million yuan recognized as intangible assets [1] - BGI Genomics led the industry with a data resource entry of 9.6217 million yuan, primarily from external data governance platforms [13] - He Shi Eye Hospital reported 905,100 yuan in data resources, all classified as self-developed intangible assets [14] Market Trends - The medical industry is increasingly focusing on data-driven precision medicine, with companies like BGI Genomics and He Shi Eye Hospital investing in comprehensive data management systems [13][14] - Jin Yu Medical is actively participating in the data circulation market, having launched 11 data products for trading and establishing a trusted data space in Guangzhou [9][10] - The trend towards integrating data resources into healthcare solutions is expected to continue, with companies exploring innovative applications in medical decision-making and patient care [14][15]

人民网是由人民日报社控股的上市公司，主营业务包括广告及宣传服务、内容科技服务、数据及信息服 务、网络技术服务及其他服务。在2024年，广告及宣传服务依然是公司总营收的主要来源，收入为 10.32亿元，占比最高。然而，这一业务收入与去年相比出现了6.21%的负增长，表现出一定的下行压 力。 南方财经全媒体记者陈璐 广州报道 4月27日，人民网在2024年年报中披露数据资源545.05万元，均为自行开发的确认为无形资产的数据资 源，成为首家入表数据资源的上市媒体公司。除了数据资源入表外，人民网的数据及信息服务业务也表 现亮眼，营业收入同比增长7.84%，是四大主营业务中增幅最大的板块。 从数据资源明细来看，入表数据资源为人民网旗下的医疗健康服务平台"人民好医生客户端"，专注于为 全国公立医院、医生及大众用户提供多元化服务，涵盖专业培训、专科能力提升、健康科普、名医直播 等。年报显示，该平台已积累了全国超过8,000家公立医院的相关数据，并且用户数量突破3,000万，其 中包括900多万医务工作者用户；积累了超过150万条公立医院的权威科普信息，初步构建了权威医疗健 康知识图谱；依托传播内容认知全国重点实验室，自主 ...

据证券时报记者不完全统计，截至4月23日，2024年A股上市公司开展数据资源入表的规模达到22亿元， 其中38家央国企上市公司数据资源入表的总体金额从2024年一季度1100万元左右增加到全年的14.71亿 元。中国移动、中国联通、中国电信3家企业入表金额规模过亿元，依次为6.16亿元、3.79亿元、3.71亿 元，紧随其后的是小商品城的2679.31万元和南钢股份的1032.3万元。 中兴华会计师事务所江苏分所副所长马建华在接受证券时报记者采访时表示，央国企加速推进数据资源入 表既是制度鼓励引导的结果，也与企业的资源禀赋相关。 截至4月23日，2024年央国企控股上市公司数据资源入表的科目多为无形资产或研发支出，存货科目金额 则从三季度的2亿元下降为0。"将数据资源确认为存货，在后续的数据交易环节仍然存在政策不完善、确 权困难等问题，并且转让后，万一由于数据使用不当可能面临数据溯源追责。"马建华表示，因此现阶段 更多企业倾向于无形资产或者研发支出科目的数据资源入表。 进一步看，2024年开展数据资源入表的38家央国企中，9家为中央企业，29家为地方国有企业。远东资信 首席宏观研究员张林表示，数据资源入表实现 ...