天眼查App显示，近日，天志范式（上海）科技有限公司成立，法定代表人为吴璠，注册资本1万人民 币，经营范围为一般项目：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；智能机 器人的研发；工业机器人制造；智能基础制造装备制造；智能机器人销售；工业机器人销售；人工智能 硬件销售；智能基础制造装备销售；工业自动控制系统装置销售；软件开发；人工智能应用软件开发； 软件销售；信息系统集成服务；智能控制系统集成；工业机器人安装、维修；机械设备租赁；货物进出 口；技术进出口。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Core Insights - Jiangxi Rongtan Technology Development Co., Ltd. has been established with a registered capital of 1 million RMB [1] - The legal representative of the company is Xie Jiahui [1] Business Scope - The company is involved in various licensed projects including food sales, internet food sales, pet feed production, and tourism services [1] - General business activities include software development, wholesale and retail of pet food and supplies, daily necessities sales, and various technology services [1] - The company also engages in import and export agency services, electronic product sales, and fitness and leisure activities [1]

Group 1 - A new company, Jiangxi Xuan Zhijie Technology Co., Ltd., has been established with a registered capital of 10,000 RMB [1] - The legal representative of the company is Li Feng [1] - The company's business scope includes a variety of services such as technology services, development, consulting, and information consulting [1] Group 2 - The company is involved in the sale of various products including electronic products, clothing, pet food, and household appliances [1] - It also engages in domestic trade agency and import-export activities [1] - The company is permitted to operate in multiple sectors, excluding those requiring special licenses [1]

本报讯(记者袁传玺)天眼查工商信息显示，近日，广州穗耕科技有限公司发生工商变更，注册资本由 8.96亿元增至9.5亿元，增幅约6%。该公司成立于今年3月份，法定代表人为陈冠宇，经营范围包括软件 开发、信息系统集成服务、信息技术咨询服务等，由抖音集团(香港)有限公司全资持股。 ...

天眼查App显示，近日，唐山巡天科技有限公司成立，法定代表人为赵志佳，注册资本500万人民币， 经营范围为一般项目：软件开发;智能无人飞行器销售;智能无人飞行器制造;智能机器人的研发;智能机 器人销售;服务消费机器人制造;服务消费机器人销售;电子产品销售;电子元器件制造;信息技术咨询服务; 技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广;信息咨询服务（不含许可类信息咨 询服务）;教育咨询服务（不含涉许可审批的教育培训活动）;教育教学检测和评价活动;教学用模型及教 具销售;业务培训（不含教育培训、职业技能培训等需取得许可的培训）;会议及展览服务;数字创意产品 展览展示服务;科普宣传服务;文化场馆管理服务;体育竞赛组织;体育赛事策划;组织体育表演活动;体育用 品及器材零售;组织文化艺术交流活动（除依法须经批准的项目外，凭营业执照依法自主开展经营活 动）。 ...

天眼查App显示，近日，鼎玉越（上海）实业有限公司成立，法定代表人为NG IN MALE，注册资本30 万人民币，经营范围为一般项目：货物进出口；技术进出口；包装专用设备销售；机械零件、零部件销 售；包装材料及制品销售；机械设备销售；机械设备研发；信息咨询服务（不含许可类信息咨询服 务）；技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；专业设计服务；软件开发； 电子、机械设备维护（不含特种设备）。（除依法须经批准的项目外，凭营业执照依法自主开展经营活 动）。 ...

Core Viewpoint - Zhongke Jiangnan (301153) has experienced a decline in stock price and significant net outflow of funds, indicating potential challenges in its financial performance and market perception [1][2]. Financial Performance - As of November 21, 2025, Zhongke Jiangnan's stock closed at 20.78 yuan, down 2.67% with a trading volume of 34,200 hands and a transaction amount of 71.6994 million yuan [1]. - The company reported a net profit of -64.249 million yuan for the first three quarters of 2025, a year-on-year decrease of 1,048.15% [3]. - The third quarter of 2025 saw a single-quarter revenue of 12.4 million yuan, down 4.66% year-on-year, while the net profit for the quarter was -15.8007 million yuan, an increase of 39.78% compared to the previous year [3]. Market Activity - On November 21, 2025, the main funds experienced a net outflow of 9.0819 million yuan, accounting for 12.67% of the total transaction amount, while retail investors saw a net inflow of 11.7702 million yuan, representing 16.42% of the total [1][2]. - Over the past five days, the stock has shown a trend of fluctuating net fund flows, with varying levels of inflow and outflow from different investor categories [2]. Industry Comparison - Zhongke Jiangnan's total market value is 7.332 billion yuan, below the software development industry average of 12.432 billion yuan, ranking 85 out of 195 [3]. - The company's net profit margin stands at -17.94%, significantly lower than the industry average of -10.8%, ranking 137 out of 195 [3]. - The gross profit margin of 53.19% is above the industry average of 43.84%, ranking 61 out of 195 [3]. Analyst Ratings - In the last 90 days, one institution has given a buy rating for Zhongke Jiangnan, with a target average price of 26.07 yuan [4].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1][5][13] Core Views - The report indicates that despite a decline in the gaming business, the dual-driven trend of WPS BC is becoming increasingly evident, with expectations for revenue recovery following optimizations [5][6] - The company's Q3 2025 revenue was 2.419 billion yuan, a year-on-year decline of 17.0%, with a net profit of 213 million yuan, down 48.5% year-on-year, primarily due to underperformance in the gaming sector and increased marketing expenses [6][7] - WPS revenue reached 1.52 billion yuan, growing 26.1% year-on-year, with significant growth in both personal and enterprise segments, indicating a potential for becoming a key player in the B-end market [6][7] Financial Summary and Valuation Metrics - Revenue projections for 2025 are estimated at 9.909 billion yuan, with a year-on-year change of -4.0% [9] - Net profit for 2025 is forecasted at 1.4 billion yuan, reflecting a year-on-year decrease of 9.8% [9] - The company's gross margin is expected to be 80.9% in 2025, with a net margin of 14.1% [9] - The P/E ratio for 2025 is projected at 28.0 times, with a gradual decrease to 16.1 times by 2027 [9]

Core Viewpoint - The company plans to utilize up to 270 million yuan of temporarily idle raised funds for cash management, investing in safe principal-protected products such as structured deposits and large certificates of deposit [1] Group 1: Investment Details - The investment period is set from December 19, 2025, to April 30, 2026 [1] - The funds can be used on a rolling basis within the specified limit [1] Group 2: Impact on Operations - This decision will not affect the progress of the raised funds investment projects or the company's normal production and operations [1]

Core Insights - Yunnan Nongcang Technology Co., Ltd. has been established with a registered capital of 1 million RMB and is represented by Ma Chaoqiang [1] Company Overview - The company is involved in various business activities including food production and sales, software development, and agricultural product sales [1] - The company is authorized to engage in food production and sales, subject to relevant approvals from authorities [1] Business Scope - The company’s general business activities include: - Software development - Sales of pre-packaged food - Sales and initial processing of agricultural products - Retail of fresh fruits and daily necessities - Technical services and consulting [1] - The company can operate independently based on its business license, except for projects requiring approval [1]