消息面上，向上融科第二季度业绩，营收1.39亿美元，同比增长58.7%，创历史新高；归属母公司的 non-GAAP净利润为4451万美元，环比增长23.5%，同比增长近八倍，创下历史新高。 报告期内，全球开户数新增5.3万，全球总开户数达258万。新增入金客户3.98万，推动总入金客户数同 比增长21.4%达到119.3万。公司业务活跃度持续提升，二季度总交易额同比增长168.3%至2840亿美元； 净入金保持强劲，达30亿美元，推动客户总资产环比增长近13.5%，同比增长36.3%至521亿美元，创历 史新高。(格隆汇) 向上融科(TIGR.US)盘前一度涨超6.5%，报13.66美元。 ...

Core Viewpoint - The financial technology ETF Huaxia has shown strong performance metrics, including significant net inflows and high returns, despite recent market fluctuations in the underlying index [3][4]. Performance Summary - As of August 26, 2025, the financial technology ETF Huaxia has achieved a net value increase of 24.81% over the past six months, ranking first among comparable funds [4]. - The ETF's highest monthly return since inception was 55.18%, with an average monthly return of 9.77% and a three-year holding period profit probability of 80.59% [4]. - The ETF has a year-to-date annualized return exceeding the benchmark by 2.62%, placing it in the top third of comparable funds [4]. Liquidity and Trading Activity - The financial technology ETF Huaxia recorded a turnover rate of 11.43% during trading, with a total transaction volume of 1.41 billion yuan, indicating active market participation [3]. - The average daily trading volume over the past week was 2.05 billion yuan, reflecting strong investor interest [3]. Fund Size and Inflows - The latest fund size of the financial technology ETF Huaxia reached 1.236 billion yuan, with a total of 744 million shares, both marking new highs for the past year [3]. - Over the past week, the ETF has seen continuous net inflows, with a peak single-day net inflow of 96.484 million yuan, totaling 429 million yuan in net inflows [3]. Risk and Return Metrics - The ETF has a Sharpe ratio of 2.02 over the past year, ranking it in the top third among comparable funds, indicating high returns relative to risk [4]. - The relative drawdown over the past six months was only 0.21%, the lowest among comparable funds, with a recovery time of 79 days, the fastest in its category [4]. Fee Structure - The management fee for the financial technology ETF Huaxia is 0.50%, and the custody fee is 0.10%, both of which are the lowest among comparable funds [4]. Index Composition - The ETF closely tracks the CSI Financial Technology Theme Index, with the top ten weighted stocks accounting for 51.26% of the index as of July 31, 2025 [5].

恒银科技公告，截至本公告披露日，持股5%以上非第一大股东王淑琴持有公司股份5669.95万股，占总 股本10.8929%；因个人资金需求，计划自2025年9月18日至2025年12月18日，通过集中竞价及大宗交易 合计减持不超过1561.56万股，即不超过3.0000%。其中，集中竞价不超过520.52万股，占1.0000%；大 宗交易不超过1041.04万股，占2.0000%。 ...

Core Insights - Xinyi Technology reported a 2025 semi-annual revenue of 7.06 billion yuan, an increase of 11.5% year-on-year, and a net profit attributable to shareholders of 1.49 billion yuan, up 38.4% year-on-year [1] - The company achieved a transaction volume of 54 billion yuan in Q2 2025, reflecting a year-on-year growth of 10.9% [1] Domestic Business - The domestic market shows resilience with stable risk indicators, supported by regulatory encouragement for consumer credit [2] - The number of borrowers in the domestic market reached 2.2 million, a year-on-year increase of 22.2%, with an average loan size of 10,056 yuan, up 1% year-on-year [2] - The company actively reduced low-quality asset gaps to maintain stable risk indicators, with a first-day overdue rate of 4.7% and a 30-day repayment rate of 89% [2] Overseas Business - Overseas revenue reached 797 million yuan in Q2 2025, a year-on-year increase of 42%, contributing approximately 22% to total revenue [3] - The company is expanding into new markets such as Pakistan, with the Philippines market accounting for 45% of overseas loan transaction volume [3] - The issuance of $150 million convertible bonds at a 2.5% coupon rate is expected to lower funding costs and enhance profit contributions from overseas operations [3]

数据显示，博时基金旗下1只基金重仓四方精创。博时金融科技ETF（516860）二季度持有股数53.98万 股，占基金净值比例为3.14%，位居第八大重仓股。根据测算，今日浮亏损失约129.01万元。 博时金融科技ETF（516860）成立日期2021年9月24日，最新规模8.68亿。今年以来收益41.29%，同类 排名418/4222；近一年收益181.2%，同类排名3/3766；成立以来收益72.78%。 8月27日，四方精创跌5.06%，截至发稿，报44.81元/股，成交36.52亿元，换手率15.00%，总市值237.78 亿元。 资料显示，深圳四方精创资讯股份有限公司位于广东省深圳市南山区粤海街道高新区社区高新南七道8 号四方精创资讯大厦，成立日期2003年11月21日，上市日期2015年5月27日，公司主营业务涉及为金融 机构提供全流程解决方案,主营业务包括数字化转型创新业务及传统业务,其中数字化转型创新业务为顾 问咨询、产品及解决方案、云交付运营业务;传统业务包含软件开发、系统集成及技术维护。主营业务 收入构成为：软件开发96.21%，咨询、维护及产品授权3.73%，系统集成0.06%。 从基金十 ...

Group 1: Market Performance - As of August 27, 2025, the China Securities Financial Technology Theme Index (930986) increased by 0.40%, with notable gains in constituent stocks such as Lingzhi Software (688588) up 13.36% and Wealth Trend (688318) up 11.49% [3] - The Financial Technology ETF (516860) rose by 0.58%, with a latest price of 1.74 yuan, and has accumulated a 4.67% increase over the past week [3] - The Financial Technology ETF's trading volume was active, with a turnover rate of 17.42% and a transaction value of 369 million yuan [3] Group 2: Policy and Industry Outlook - The State Council recently released the "Artificial Intelligence+" action plan, aiming for over 70% application penetration of new intelligent terminals and agents by 2027, and over 90% by 2030, focusing on six key areas for AI integration [4] - The policy emphasizes the collaborative development of models, data, and computing power, and plans to establish several national AI application pilot bases [4] - Open-source securities believe that the domestic AI ecosystem is expected to accelerate its prosperity under the resonance of policy and technology [4] Group 3: Financial Technology ETF Metrics - The latest scale of the Financial Technology ETF reached 2.118 billion yuan, marking a one-year high, with the latest share count at 1.226 billion shares [4] - The ETF saw a net inflow of 19.05 million yuan, with a total of 287 million yuan net inflow over the past five trading days [4] - The leveraged funds continue to invest, with a net purchase amount of 1.8509 million yuan this month and a latest financing balance of 119 million yuan [4] Group 4: Performance and Returns - As of August 26, 2025, the Financial Technology ETF's net value increased by 181.20% over the past year, ranking 3rd out of 2977 index equity funds [5] - The ETF has recorded a maximum monthly return of 55.92% since inception, with an average monthly return of 10.10% and a historical three-year profit probability of 97.77% [5] - The Sharpe ratio for the ETF over the past year is 2.01, indicating strong risk-adjusted returns [5] Group 5: Risk and Fee Structure - The Financial Technology ETF has a management fee rate of 0.50% and a custody fee rate of 0.10%, which are among the lowest in comparable funds [6] - The tracking error for the ETF over the past year is 0.044%, demonstrating the highest tracking precision among comparable funds [6] - The index closely tracks the performance of companies involved in financial technology, with the top ten weighted stocks accounting for 51.26% of the index [6]

Core Insights - The company reported a revenue of 2.426 billion yuan for the first half of 2025, representing a year-over-year increase of 14.44% [1] - The net profit attributable to shareholders reached 261 million yuan, showing a significant year-over-year increase of 771.57% [1] - The main business gross margin was 69.56%, a slight decrease of 1.76 percentage points year-over-year [1] Financial Performance - The main business revenue was 2.425 billion yuan, reflecting a year-over-year decrease of 14.43% due to market fluctuations and strategic adjustments [1] - Investment income significantly contributed to the profit increase, with non-recurring gains rising notably, as the company shifted its investment measurement approach [1] - Operating costs for the main business were 739 million yuan, down 9.16% year-over-year, with reductions in sales, management, and R&D expenses by 26.03%, 20.71%, and 10.77% respectively [1] Segment Performance - The asset management technology segment saw a revenue decline of 32.35% to 488 million yuan, primarily due to reduced industry demand [2] - The risk and platform technology segment's revenue fell by 33.86% to 144 million yuan, attributed to project completion delays [2] - Other segments showed mixed results, with wealth technology services and operational technology services experiencing slight declines and increases in revenue [2] Strategic Developments - The Hong Kong subsidiary is actively expanding its business, focusing on operational BPO and large model subscription cloud services [3] - The company is advancing its core products in various sectors, achieving market share growth in wealth management and asset management [4] - The company is implementing a digital strategy to enhance operational efficiency and has successfully deployed its AI middleware platform across multiple clients [5] Future Outlook - The company projects revenues of 6.018 billion yuan, 6.774 billion yuan, and 7.552 billion yuan for 2025 to 2027, with year-over-year changes of -8.55%, 12.56%, and 11.47% respectively [5] - Expected net profits for the same period are 1.128 billion yuan, 1.304 billion yuan, and 1.442 billion yuan, with growth rates of 8.12%, 15.59%, and 10.60% [5] - The company maintains a "recommended" rating based on projected earnings per share and price-to-earnings ratios for the upcoming years [5]

Group 1: Market Overview - The Hang Seng Index rose by 0.06%, gaining 16 points to close at 25,541 points, while the Hang Seng Tech Index increased by 0.57% [1] - The early trading volume in the Hong Kong stock market reached HKD 161.9 billion [1] Group 2: AI Sector Performance - AI concept stocks generally saw gains following the release of the "Artificial Intelligence +" action plan by the State Council, which is expected to boost AI applications [1] - SenseTime (00020) surged by 11%, Fourth Paradigm (06682) rose by 8.17%, and Meituan Technology (01860) increased by 5.93% [1] Group 3: Semiconductor Sector Performance - Semiconductor stocks continued their upward trend, supported by the binding of domestic models to domestic chips, with institutions optimistic about the ongoing growth of the domestic chip market [1] - SMIC (00981) increased by 6.4%, Fudan Semiconductor (01385) surged by 14%, and Hua Hong Semiconductor (01347) rose by 4.14% [1] Group 4: Notable Company Performances - Fubo Group (03738) rose over 2.39% following a significant document proposing improvements to data property and copyright systems for AI development [1] - Cao Cao Travel (02643) increased by over 4.86% after reporting a more than 50% year-on-year revenue growth in the first half of the year, with significant improvements in gross margin [1] - Linklogis Technology (09959) surged over 20%, driven by the "AI + industrial finance" dual engine, with plans to repurchase no less than USD 80 million in the next 12 months [1] - Weisheng Holdings (03393) rose nearly 6.4% as its first-half performance exceeded expectations, with growth opportunities in overseas markets and data centers [1] - NIO Inc. (09866) increased by over 5%, with a cumulative rise of over 50% in stock price this month, supported by strong ES8 order demand according to Morgan Stanley [1] Group 5: Healthcare Sector Performance - Xianruida Medical-B (06669) rose over 11% after reporting a more than 20% increase in revenue and a 121% year-on-year growth in net profit for the first half [2] - Hema Medical (03309) increased by over 6%, with a 62.4% year-on-year growth in net profit and the acquisition of a "Hong Kong Endoscopy Center" [2] - Tongrentang Technology (01666) fell over 5% after reporting a net profit of 339 million yuan, a year-on-year decrease of 21.01% [2] - Beijing Automotive (01958) dropped over 6% due to a price war impacting revenue, with a year-on-year decline of 81.8% in net profit for the period [2]

三、功能对比总结 在黄金投资市场波动加剧的2025年，交易者对实时数据精准度和风险预警时效性的需求达到新高度。本 文聚焦六款主流黄金交易APP——惠民金融、财富联盟、金潮汇投、今日财经、财达通、普罗汇，从实 时数据整合与智能预警系统两大维度展开对比分析，揭示其如何通过技术创新赋能用户决策。 一、实时数据能力：毫秒级响应与多维度呈现 1. 惠民金融 2. 以"普惠金融"为核心理念，其数据模块覆盖全球20+主要交易所的黄金报价，支持毫秒级刷新频 率。独创的"市场情绪热力图"通过颜色渐变直观展示多空力量对比，辅助用户快速捕捉短期趋 势。 3. 财富联盟 4. 侧重机构级数据源整合，提供伦敦期交所（LBMA）、纽约商品交易所（COMEX）等权威报价， 并嵌入黄金ETF持仓量、央行购金量等宏观指标。其"数据联动"功能可自动关联美联储利率决 议、地缘政治事件等关键变量对金价的影响。 5. 金潮汇投 6. 主打"全场景数据覆盖"，除传统K线图外，还整合黄金矿业指数、珠宝消费需求指数等产业链数 据。特色功能"金价预测雷达"通过机器学习模型生成未来24小时价格波动区间，准确率达82.3%。 7. 今日财经 8. 强调个性化数据 ...

Group 1 - The technology sector experienced a collective surge due to favorable catalysts from artificial intelligence and action plans, leading to a strong performance across major indices [1] - The financial technology ETF, Huaxia (516100), saw a notable intraday increase of 1.09%, with its holdings such as Wealth Trend rising over 12% [1] - The financial technology ETF has attracted significant capital, with a net subscription of 4.29 billion in the last 7 trading days [1] Group 2 - The brokerage ETF (515010) rose by 0.85%, with its holdings including First Capital, Tianfeng Securities, and Shouchuang Securities also experiencing gains [1] - In the past 5 days, the brokerage ETF has seen a net subscription of 61.43 million [1] - Despite the Shanghai Composite Index surpassing its 10-year high, most broad-based indices in A-shares and Hong Kong still have considerable room to reach previous peaks [1] Group 3 - The Huaxia financial technology ETF tracks the CSI Financial Technology Theme Index, which includes sectors such as stock trading software, software development, digital currency, and digital security [1] - The ETF has a stablecoin allocation of 22.59%, digital currency allocation of 40.15%, and stock trading software allocation of 26.5%, all of which are the highest in the market [1] - The ETF is expected to benefit from the dual catalysts of market recovery and advancements in AI [1]