（原标题：联易融科技-W(09959)9月22日斥资294.89万港元回购85.75万股） 智通财经APP讯，联易融科技-W(09959)发布公告，于2025年9月22日，该公司斥资294.89万港元回购 85.75万股股份，每股回购价格为3.39-3.45港元。 ...

Core Insights - The launch of the "Taiwan Youth Entrepreneurship Loan" initiative in Fuzhou Free Trade Zone aims to support Taiwanese youth entrepreneurship through financial technology and deepen the integration of cross-strait industries [1][2][3] Group 1: Initiative Overview - The initiative is part of nine key measures to support Taiwanese youth entrepreneurship in the Fuzhou Free Trade Zone, focusing on leveraging financial technology to enhance the region's unique advantages [1] - A strategic cooperation agreement was signed between the Fuzhou Free Trade Zone Management Committee and Qifu Technology to develop a credit assessment system, innovative financial services, and a healthy supply chain ecosystem [1] Group 2: Financial Product Details - Qifu Technology introduced the "Taiwan Youth Entrepreneurship Loan," which integrates traditional business data with unique local data from Fujian, allowing for precise credit assessments of Taiwanese enterprises [2] - The first phase of the loan program has completed assessments for three Taiwanese companies, with the highest credit limit set at 500,000 yuan [2] Group 3: Training and Collaboration - Qifu Technology launched a "Dual-Track Entrepreneurship Empowerment Plan," which includes establishing training bases for Taiwanese youth and forming a financial technology innovation alliance to connect resources and accelerate innovation [2] - The initiative marks a new phase in cross-strait financial integration, emphasizing technology empowerment and ecosystem co-construction [3]

Group 1 - The event "Intelligent Integration Across the Straits: Creating a Future" marks the launch of a project aimed at supporting Taiwanese youth entrepreneurship in the Fuzhou Free Trade Zone [1] - The initiative is part of nine key measures to support Taiwanese youth entrepreneurship, focusing on financial technology to enhance the integration of advantageous industries between Fujian and Taiwan [3] - A strategic cooperation agreement was signed between the Fuzhou Free Trade Zone Management Committee and Qifu Technology, aiming to develop a credit assessment system, innovative financial services, and a healthy supply chain ecosystem [3] Group 2 - Qifu Technology's Chief Risk Officer highlighted the importance of technology in facilitating financial integration between Fujian and Taiwan, addressing the unique financing needs of Taiwanese entrepreneurs [5] - The "Taiwan Youth Entrepreneurship Loan" product was launched, which integrates traditional business data with local credit certificates and collaborative data from Fujian's industrial parks to create accurate credit profiles for Taiwanese enterprises [6] - The first phase of the loan program has completed assessments for three Taiwanese enterprises, with the maximum credit limit set at 500,000 yuan for individual companies [6] Group 3 - In addition to financial services, Qifu Technology initiated a "Dual-Track Entrepreneurship Empowerment Program," which includes establishing training bases for Taiwanese youth and forming a financial technology innovation alliance to connect resources [8] - The event signifies a new phase in financial integration between Fujian and Taiwan, emphasizing technology empowerment and ecosystem co-construction [8] - The collaboration aims to create a more convenient and sustainable support system for Taiwanese enterprises in Fujian, promoting deeper and higher-level industrial integration [8]

Company Overview - Joint Stock Company Kaspi.kz is a leading financial technology company based in Kazakhstan, offering services such as payments, marketplace, and fintech solutions, and is recognized for its innovative integration of these services [1] Financial Performance - Kaspi.kz has a Return on Invested Capital (ROIC) of 41.90%, significantly higher than its Weighted Average Cost of Capital (WACC) of 4.59%, resulting in a ROIC to WACC ratio of 9.14, indicating high efficiency in generating returns from invested capital [2][6] - In comparison, Corpay, Inc. has a ROIC of 10.23% and a WACC of 7.12%, leading to a ROIC to WACC ratio of 1.44, showing less efficiency than Kaspi.kz [3] - Klaviyo, Inc. has a negative ROIC of -8.82% against a WACC of 10.11%, resulting in a negative ROIC to WACC ratio of -0.87, indicating inefficiency in capital utilization [3] - JSC Halyk Bank has a ROIC of 19.90% and a WACC of 22.38%, with a ROIC to WACC ratio of 0.89, showing returns below its cost of capital [4] - Evolution AB achieves a ROIC of 30.35% and a WACC of 8.35%, resulting in a ROIC to WACC ratio of 3.64, which is efficient but still lower than Kaspi.kz's performance [4] - Cellebrite DI Ltd. has a ROIC of 13.30% and a WACC of 17.95%, resulting in a ROIC to WACC ratio of 0.74, indicating insufficient returns relative to its cost of capital [5] Competitive Position - Overall, Kaspi.kz stands out among its peers with the highest ROIC to WACC ratio, showcasing its superior ability to utilize capital effectively and generate substantial returns [5][6]

Core Insights - The number of companies adding Bitcoin to their corporate treasuries has significantly increased this year, with Block ranking 13th in BitcoinTreasuries' list of public companies holding the cryptocurrency [1] - Block's approach to Bitcoin differs from others as it aligns with its business operations and does not rely on raising funds to purchase Bitcoin, instead allocating 10% of its earnings from Bitcoin products for Bitcoin purchases [2] - Block operates as a diversified fintech company, with Bitcoin being just one aspect of its broader range of payment solutions [2] Company Overview - Block was originally launched in 2009 as a payment solutions software company named Square, later rebranding to reflect its expanded focus [4] - A significant component of Block's offerings is Cash App, which provides various financial services including payments, money transfers, and Bitcoin investments [5] - Block also features a Buy Now Pay Later platform called Afterpay, along with Bitcoin mining and wallet products [5] Bitcoin Integration - Bitcoin remains a central focus for Block, with CEO Jack Dorsey being a proponent of Bitcoin as a potential native currency for the internet, integrating it into various company operations [6] - Recent developments include the rollout of payment solutions for merchants that facilitate consumer payments using Bitcoin [6] Financial Performance - Despite Bitcoin's year-to-date gain of approximately 23% as of September 16, Block's shares have declined nearly 12%, attributed to disappointing earnings results [7] - Investors are urged to consider Block's Bitcoin focus in their evaluations, while also taking into account the competitive landscape and potential growth in stablecoins [8]

Shareholder Information - As of September 10, 2025, the total number of shareholders (excluding margin accounts) is 31,248 [1] Financial Performance - The company is currently unable to confirm whether the unrecognized revenue of 12.33% from 2024 will be included in the first quarter of 2025 revenue, which is reported at 18.71 million [2] - The impact of the negative audit opinion on internal controls for 2024 has not been fully resolved, and the company is working on rectifying this issue [2] - The company is focused on achieving over 100 million in revenue this year through various measures, including enhancing marketing strategies and expanding sales channels [4] Risk Management - The company is actively working to remove the delisting risk warning by adjusting marketing strategies and strengthening internal controls [3][6] - There is currently no new restructuring plan in place, but any significant developments will be disclosed in accordance with regulations [3][4] Market Communication - The company emphasizes the importance of market communication and information disclosure to ensure investors are well-informed [5][6] - The company is committed to improving shareholder returns through core business performance and compliance with disclosure regulations [5][6] Future Plans - The company is exploring paths to enhance shareholder returns while focusing on core business growth and market expansion [5][6] - The strategic direction and operational plans will be detailed in future periodic reports [6]

于2025年9月19日正式成立资产支持专项计划，总发行规模为人民币2.17亿元。 发行资产支持证券所得款项将主要用作集团金融科技业务分类的一般营运资金。董事会相信，透过资产 支持专项计划发行资产支持证券，可有效拓宽集团融资渠道，获取低成本资金，进而优化公司融资结 构，促进经营活动及投资布局。 智通财经APP讯，高阳科技(00818)发布公告，融汇智达保理董事会已批准随信云链-星耀二号供应链金 融资产支持专项计划及于中国境内发行以特定贷款信託项下债权及附属权利(包括但不限于本金、利 息、违约金及担保权益的权利)支持的资产支持证券。根据上海证券交易所出具的无异议函，资产支持 专项计划发行的规模上限为人民币2.17亿元，可于获批当日起的12个月内，即2026年9月3日前发行。 ...

Core Insights - The company showcased its competitive advantages and growth potential in the financial technology service sector during the 2025 Shanghai-listed companies collective reception day and mid-year performance briefing [1][2] Client Expansion - The company recently acquired large banking clients such as Minsheng Bank and Hangzhou Bank, which have over one trillion in assets, indicating a significant positive impact on future business [1] - Winning the framework contracts with these banks allows the company to undertake all internal development projects, laying a solid foundation for future business growth [1] Cash Flow Status - The company reported positive operating cash flow for the past three years, with figures of 35.95 million, 79.99 million, and 92.07 million yuan, respectively [1] - The net cash outflow of 105 million yuan in the first half of the year was primarily due to seasonal fluctuations in business receivables [1] - The company's main clients are financial institutions with good credit quality, minimizing the risk of bad debts [1] Innovation and Technology - The company's capabilities in the Xinchuang (信创) sector, particularly with Ascend and Kunpeng technologies, are crucial for its development [2] - The latest version of the company's cash management software, V5.0, received technical certification from Ascend in June 2025, demonstrating its recognized technical strength in the Xinchuang field [2] Financial Stability - The company's current debt-to-asset ratio stands at 63.13%, primarily due to interest-bearing liabilities, but it maintains sufficient working capital and controllable financing costs [2] - This financial stability supports the company's business expansion and technology research and development [2] Market Competitiveness - The exchange highlighted the company's professional strength and market competitiveness in the financial technology service sector, with promising prospects for future development as it expands its large banking client base and makes breakthroughs in the Xinchuang field [2]

Core Insights - The company has launched DeepTrade AI Agent, an AI-driven trading robot aimed at providing automated trading solutions for investors [1][2] - DeepTrade integrates deep learning and efficient execution frameworks to create a comprehensive trading process covering stock selection, backtesting, execution, risk control, and analysis [1] - The system supports multi-market, multi-asset, and multi-strategy execution, leveraging micro-market data to offer long-term trading tools [1] Company Strategy - The board believes that with advanced AI technology and accumulated data assets, the company can empower investors with institutional-grade tools [2] - DeepTrade will serve as a core tool to support the company's wholly-owned subsidiary, TradeGo Markets Limited, in developing an asset management platform [2] - This initiative aims to enhance the company's competitive advantage in the fintech sector and capitalize on the opportunities presented by AI and 24/7 trading trends, ultimately creating long-term value for shareholders [2]

Core Insights - The company announced the launch of DeepTrade AI Agent, an AI-driven trading robot, on September 19, 2025, aimed at providing automated trading solutions for investors [1] - DeepTrade utilizes deep learning and an efficient execution framework to create a comprehensive trading process covering stock selection, backtesting, execution, risk control, and analysis [1] - The system supports multi-market, multi-asset, and multi-strategy execution, integrating micro-market data to offer long-term trading tools across various markets and asset types [1] Company Strategy - The board believes that leveraging advanced AI technology and long-term data assets will empower investors with institutional-grade tools [2] - DeepTrade will serve as a core tool to support the company's wholly-owned subsidiary, TradeGo Markets Limited, in developing an asset management platform, enhancing business collaboration and upgrades [2] - This initiative aims to strengthen the company's competitive advantage in the fintech sector and capitalize on the growing trend of AI and 24/5 trading, ultimately creating long-term value for shareholders [2]