Core Points - The document outlines the management of resignations for directors and senior management at Shenzhen Xunjiexing Technology Co., Ltd, ensuring stability in corporate governance and protection of shareholder rights [1][2] - It specifies the conditions under which directors and senior management can resign, including the requirement for written resignation reports and the timeline for resignation effectiveness [3][4] - The document also details the obligations of departing directors and senior management, including the transfer of company documents and compliance with ongoing commitments [4][5] Summary by Sections General Provisions - The regulations are established to standardize the resignation management of directors and senior management, ensuring compliance with relevant laws and company bylaws [1] Resignation Conditions and Effectiveness - Directors can resign before their term ends by submitting a written resignation report, effective upon receipt by the board, with disclosure required within two trading days [3] - If a director's resignation results in the board falling below the legal minimum, the departing director must continue to fulfill their duties until a new director is appointed [3] - Senior management can also resign before their term ends, with specific procedures outlined in their labor contracts [1][3] Transfer Procedures and Unresolved Matters - Departing directors and senior management must transfer all relevant company documents and assets within three working days of their resignation [3] - If there are unresolved commitments, the company can require a written plan for fulfillment from the departing personnel [3][4] Obligations of Departing Directors and Senior Management - The loyalty obligations of directors and senior management remain in effect for two years post-resignation [4] - There are restrictions on the transfer of shares by departing personnel, including a prohibition on transferring shares within six months of leaving [4] Accountability Mechanism - The board is responsible for reviewing any breaches of commitments or obligations by departing personnel and may pursue compensation for losses incurred [5] - Departing personnel can appeal any accountability decisions to the audit committee within 15 days of notification [5]

Core Viewpoint - The document outlines the procedures and requirements for Shenzhen Xunjiexing Technology Co., Ltd. to select and appoint accounting firms, ensuring compliance with relevant laws and regulations while maintaining the quality of audit services and protecting shareholder interests [1][2][3]. Group 1: Selection Process - The selection of accounting firms must be approved by the Audit Committee and subsequently by the Board of Directors and the Shareholders' Meeting [1][2]. - The company must employ competitive negotiation, public bidding, invitation bidding, or single selection methods to ensure fairness and transparency in the selection process [3][4]. - The Audit Committee is responsible for proposing the selection process, evaluating candidates, and submitting recommendations to the Board of Directors [2][3]. Group 2: Quality Requirements - Selected accounting firms must meet the qualifications required by the Securities Law for A-share listed companies and have a good record of professional quality [2]. - Firms must have a fixed workplace, sound organizational structure, and robust internal management systems [2]. - The evaluation criteria for selecting accounting firms include audit fees, qualifications, professional records, quality management levels, and risk management capabilities [5][6]. Group 3: Audit Fees and Adjustments - Audit fees can be adjusted based on factors such as consumer price index changes and business complexity, with a requirement to disclose significant decreases in fees [6][7]. - The company should not set a maximum price for audit fees unless justified in the selection documents [5][6]. Group 4: Supervision and Accountability - The Audit Committee must monitor the performance of the selected accounting firms and report on their compliance with audit agreements [10][11]. - If an accounting firm exhibits significant quality defects or fails to meet obligations, the company must consider changing firms [9][10]. - The company is required to disclose information regarding the accounting firm's service duration, audit fees, and performance evaluations in its annual report [8][9].

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Core Viewpoint - Suzhou Keda Technology Co., Ltd. anticipates a net loss for the first half of 2025, with projected losses ranging from 180 million to 240 million yuan, compared to a loss of approximately 258.94 million yuan in the same period last year [2][4]. Group 1: Performance Forecast - The performance forecast period is from January 1, 2025, to June 30, 2025 [3]. - The estimated net profit attributable to shareholders is projected to be between -240 million and -180 million yuan, while the net profit after deducting non-recurring gains and losses is expected to be between -242 million and -182 million yuan [2][5]. Group 2: Previous Year’s Performance - In the same period last year, the total profit was -259.11 million yuan, with a net profit attributable to shareholders of -258.94 million yuan and a net profit after deducting non-recurring gains and losses of -266.82 million yuan [7]. - The earnings per share for the previous year were -0.5148 yuan [8]. Group 3: Reasons for Expected Loss - The main business has been affected by the macroeconomic environment, leading to a short-term demand decline from traditional domestic customers, with significant project implementations expected in the second half of the year [9]. - Some overseas projects have faced delays due to regional issues, although overseas business revenue has increased by over 100% compared to the same period last year [9]. - The company continues to invest heavily in research and development in artificial intelligence and domestic production, maintaining rigid expenditure despite optimizing certain business operations and personnel in the second quarter [9]. Group 4: Non-Operating and Accounting Impact - Non-operating gains and losses have not significantly impacted the company's current performance [10]. - Accounting treatments have not had a major effect on the company's current performance [10].

Group 1 - The People's Bank of China (PBOC) reported that as of June 2025, the broad money supply (M2) reached 330.29 trillion yuan, growing by 8.3% year-on-year, while the narrow money supply (M1) was 113.95 trillion yuan, up by 4.6% [2] - In the first half of 2025, new RMB loans increased by 12.92 trillion yuan, and the total social financing scale increased by 22.83 trillion yuan, which is 4.74 trillion yuan more than the same period last year [2] - The PBOC plans to conduct a 14 trillion yuan reverse repurchase operation to maintain liquidity in the banking system [4] Group 2 - China's total goods trade in the first half of 2025 was 21.79 trillion yuan, a year-on-year increase of 2.9%, with exports at 13 trillion yuan (up 7.2%) and imports at 8.79 trillion yuan (down 2.7%) [4] - In June 2025, the monthly trade volume reached 3.85 trillion yuan, marking a 5.2% increase, with exports of 2.34 trillion yuan (up 7.2%) and imports of 1.51 trillion yuan (up 2.3%) [4] Group 3 - China Salt Chemical Corporation reported a 5.76% decrease in revenue for the first half of 2025, totaling 5.998 billion yuan, with a net profit decline of 88.04% to 52.71 million yuan [9] - Qianfang Technology expects a net profit increase of 1125.99% to 1534.65% for the first half of 2025 [11] - Huahong Technology anticipates a net profit growth of 3047.48% to 3721.94% for the same period [12] - Aerospace Science and Technology Corporation projects a net profit increase of 1628.83% to 2315.27% for the first half of 2025 [21]

证券代码：605178 证券简称：时空科技 公告编号：2025-044 北京新时空科技股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 本业绩预告适用于净利润为负值的情形。 ? 公司 2025 年半年度实现归属于母公司所有者的净利润预计为-7,500 万元 到-6,100 万元。 ? 公司 2025 年半年度实现归属于母公司所有者的扣除非经常性损益后的 净利润预计为-7,300 万元到-6,000 万元。 一、本期业绩预告情况 （一）业绩预告期间 （二）业绩预告情况 利润为-7,500 万元到-6,100 万元，与上年同期相比，仍为亏损。 利润为-7,300 万元到-6,000 万元。 （三）本次业绩预告为公司根据经营情况的初步预测，未经注册会计师审计。 二、上年同期经营业绩和财务状况 （一）利润总额：-8,247.83 万元。归属于母公司所有者的净利润：-7,456.72 万元。归属于母公司所有者的扣除非经常性损益的净利润：-7,448.97 万元。 （二）每股收益：-0.75 元。 三、本期 ...

Group 1 - The core viewpoint of the article highlights the strong financial performance of JiaYin Technology (JFIN), with a revenue of 1.776 billion RMB and a net profit of 539 million RMB for the fiscal year ending March 31, 2025, representing year-on-year growth of 20.35% and 97.56% respectively [1][2] - JiaYin Technology is a leading technology service group in China, focusing on connecting consumers with financial institutions through big data, cloud computing, and artificial intelligence [2] - The company was founded by Mr. Yan Dinggui on June 18, 2011, and successfully listed on NASDAQ on May 10, 2019, under the stock code JFIN [2] Group 2 - JiaYin Technology has implemented a comprehensive technology strategy, resulting in the development of various platforms such as the "Tianyin" intelligent fund management platform and the "Mingjian" intelligent risk control engine, which enhance operational efficiency and risk management [3] - The company aims to expand its business globally, having already established a presence in Southeast Asia, Africa, and Latin America, with plans for further expansion into more countries and regions [2][3] - The focus on digital transformation has led to significant advancements in digital economy foundations, with improvements in process digitization, automated supervision, and scientific decision-making [3]

Performance Forecast - The company expects a net loss attributable to shareholders of approximately 90 million to 100 million yuan, compared to a loss of 243.62 million yuan in the same period last year [1] - The adjusted net loss after excluding non-recurring gains and losses is projected to be between 120 million to 130 million yuan, against a loss of 320.38 million yuan last year [1] - Basic earnings per share are anticipated to be a loss of 0.0563 to 0.0626 yuan, compared to a loss of 0.1524 yuan last year [1] Financial Adjustments - The company has made retrospective adjustments to last year's financial data due to an asset swap implemented in November 2024, which resulted in gaining control over Energetic Development and Smart Industry [1] Communication with Auditors - The performance forecast has not been pre-audited by the accounting firm [1] Reasons for Performance Changes - The company has actively expanded its market share in emerging fields such as cloud computing and big data, leading to stable revenue growth and significant improvement in operational efficiency [1] - The divestment of the textile business in November of the previous year positively impacted the current period's net profit [1] Impact of Non-Recurring Gains and Losses - The impact on net profit attributable to shareholders is estimated at 66.34 million yuan, with a decrease in non-recurring gains and losses primarily due to reduced government subsidies compared to the same period last year [2]

Group 1: Historical Significance - Yangquan City, located in Shanxi Province, played a crucial role during the Anti-Japanese War, particularly as a military stronghold and resource engine, contributing significantly to the war effort [1][3] - The Hundred Regiments Offensive, a major battle led by the Chinese Communist Party, involved 105 regiments and resulted in the destruction of over 50,000 Japanese and puppet troops, marking it as the largest and longest battle in northern China during the war [3][4] Group 2: Cultural Heritage and Tourism - The only national memorial dedicated to the Hundred Regiments Offensive is located on Lion Brain Mountain, featuring over 470 images and 200 artifacts, attracting more than 400,000 visitors annually as a patriotic education base [6][10] - The stories of heroes from the Hundred Regiments Offensive, such as martyr Fan Zixia, continue to inspire generations, highlighting the cultural significance of the region [8] Group 3: Economic Transformation - Yangquan has transitioned from a coal-centric economy to a digital economy, with a focus on smart mining and digital transformation, achieving a 95.84% advanced production capacity in coal mining [14][23] - The city has established itself as a national pilot for intelligent IoT applications, with significant growth in the digital economy, projected to increase by 13.3% in 2024 [23] Group 4: Technological Advancements - Yangquan is recognized as the first city in China to fully open up for autonomous driving, with various autonomous vehicles operating throughout the city, enhancing transportation efficiency [17][19] - The implementation of smart traffic management systems has led to a 45% reduction in average vehicle delay and a 70% decrease in stops at traffic signals [19] Group 5: Community Impact - The transformation into a smart city has created more job opportunities in technology-driven enterprises, attracting young talent to stay and contribute to local development [29]

Core Viewpoint - The U.S. stock market has rebounded to historical highs after significant sell-offs in April, but analysts expect the upcoming earnings season to be the weakest since mid-2023, with S&P 500 companies projected to see only a 2.5% year-over-year profit growth in Q2 2023 [1][2]. Earnings Expectations - Analysts predict that the earnings growth expectation for the S&P 500 has decreased from 9.4% in early April to 7.1% for the entire year [1]. - The Q2 earnings forecast for S&P 500 companies is at its lowest in two years, with six out of eleven sectors expected to see profit declines [2]. Market Dynamics - Lower earnings expectations may allow companies to exceed these conservative forecasts more easily, as indicated by analysts [2]. - The earnings season is set to begin with major financial institutions like JPMorgan Chase, Citigroup, and BlackRock reporting soon [2]. Trade War Impact - There is currently no significant evidence that tariffs have drastically reduced demand, despite concerns that trade policies could affect corporate profitability [3]. - Analysts from Bank of America have not observed a major economic rebound since the imposition of tariffs [3]. Profit Margin Trends - The net profit margin for S&P 500 companies is expected to drop to its lowest level since Q1 2024, following five consecutive quarters of increases [4][7]. - This decline may be temporary, with projections indicating a recovery in profit margins by the next quarter and continuing through at least 2026, contingent on cost-cutting measures or accelerated AI adoption [4]. Technology Sector Investments - Major U.S. tech companies are expected to significantly increase their capital expenditures, particularly in AI development, with projected spending rising from $311 billion to approximately $337 billion by FY2026 [7]. - The "big seven" tech companies are anticipated to see a 14% profit growth in Q2, while the overall S&P 500 index is expected to see a slight decline of 0.1% when excluding these companies [7]. Stock Selection Environment - The degree of divergence in individual stock performance is at a rare level, with a correlation index of 0.12 among S&P 500 components, indicating a need for selective stock picking [8][11]. - Analysts suggest focusing on companies with strong cash flow and earnings potential, particularly in the energy, financial, and healthcare sectors [11]. European Market Outlook - European corporate earnings expectations have been downgraded due to concerns over the impact of the trade war on profit margins, with more downgrades than upgrades since mid-March [14]. - The strengthening euro, which has appreciated by 13% against the dollar this year, may negatively affect the profitability of European export companies [14]. Currency Impact - The weakening dollar, driven by uncertainties surrounding trade policies and potential Fed rate cuts, is seen as beneficial for U.S. export companies [15][16]. - The dollar has declined by 10% this year, marking its worst performance since 1973, which is expected to positively impact revenues for companies like Meta and Microsoft [16].