Group 1 - The mayor emphasizes the importance of enhancing resource development and utilization, promoting compliant and efficient circulation of data resources, and exploring paths for data elementization, resourceization, and assetization [1] - Integer Intelligent Information Technology (Hangzhou) provides professional intelligent data engineering platforms and data set construction services for the AI industry, with applications in smart driving and smart healthcare [1] - The mayor encourages companies to focus on cutting-edge fields, quickly address market demands, accelerate key technology breakthroughs, and diversify application scenarios to drive development in the industry [1] Group 2 - Hangzhou Jinglian Cultural Technology Company builds a self-developed data processing platform, creating a "data kitchen" model to provide high-quality data products for large model manufacturers [2] - Zhejiang Fulian Technology Company is one of the first enterprises in the "reform sandbox" for data elements, with products applied in financial fraud prevention and power operation [2] - The mayor highlights the need for leading enterprises to leverage their technological advantages, continuously innovate and optimize data service products, and explore new models and scenarios for data asset operation and circulation [2] Group 3 - Hangzhou Data Exchange focuses on a compliance system, infrastructure, application scenarios, and ecological construction to explore a compliant transformation path from data resourceization to data value realization [3] - The mayor stresses the importance of top-level design, focusing on key aspects of data resourceization, and enhancing data mining and utilization capabilities [3] - There is a call to strengthen the data element industry ecosystem, innovate systems and mechanisms for data resourceization, productization, and assetization, and promote compliant and orderly data flow [3]

Core Insights - The Shanghai Data Exchange has achieved a data trading volume exceeding 3 billion yuan this year, marking a year-on-year growth of over 30% [1] Group 1 - The Shanghai Data Exchange hosted the "Integrated Data Market Construction Conference" [1] - The total trading volume as of June 26 has surpassed 3 billion yuan [1] - The year-on-year growth rate of the trading volume is over 30% [1]

Individual Company News - Xiaomi Group (01810.HK) officially launched its first SUV, the Xiaomi YU7, with a starting price of 253,500 yuan, achieving over 289,000 pre-orders within one hour [1] - WanGuo Data (09698.HK) has received approval from the China Securities Regulatory Commission and the Shanghai Stock Exchange for the registration and initial public offering of its closed-end infrastructure securities investment fund [1] - China Biologic Products (01177.HK) has included a new indication for its LM-108 "CCR8 monoclonal antibody" in the breakthrough therapy designation program [1] - China Life Insurance (02628.HK) plans to invest 1.2 billion yuan to establish a partnership for investing in nuclear power enterprises [1] - New Special Energy (01799.HK) subsidiary Fengsheng Power received a 500 million yuan capital increase from ICBC Financial, diluting its stake to 55.62% [1] - WuXi AppTec (02359.HK) was increased by Computershare Hong Kong Trustees Limited by 1.1786 million shares at approximately 76.70 HKD per share [1] - Bosideng (03998.HK) reported a profit attributable to shareholders of 3.514 billion yuan for the year ending March 31, 2025, representing a year-on-year increase of 14.31% [1] Strategic Review - Hong Kong Travel (00308.HK) board is continuously conducting periodic research and strategic reviews of the company's business layout and portfolio, with no guarantees that the review process will lead to any announcements or completed transactions [2]

Group 1 - Data is regarded as the "new oil" and "new currency," becoming a fundamental engine for the deepening development of the digital economy [1] - China is enhancing its focus on data as a key factor for gaining competitive advantages in the next round of industrial competition [1][2] - The establishment of a comprehensive system for the value realization of data elements is a long-term and complex project requiring both institutional innovation and practical exploration [1][2] Group 2 - China's path to data value realization will balance safety and development, addressing the relationships between data development and regulation, security and application, as well as domestic and international considerations [2] - The inclusion of data as a production factor in the Fourth Plenary Session of the 19th CPC Central Committee has solidified its status and value enhancement [3] - Recent policies, including the Ministry of Finance's guidelines on data asset management, indicate that data assets are now recognized as important strategic resources for digital economic development [3] Group 3 - Data assetization is a key goal for maximizing the value of data resources, transforming them into a new source of economic growth [4] - The number of data trading institutions and related enterprises is increasing, with approximately 17,600 data trading companies in operation by the end of 2024, 25% of which were established within the last year [4] Group 4 - The process of data value release involves three stages: resourceization, assetization, and ultimately capitalization [5] - Data resourceization is the starting point for value release, focusing on converting raw information into manageable and reusable data assets [5] Group 5 - A successful data monetization strategy requires a closed-loop solution that aligns with national policy, industry development, low-cost investment, sustainable value growth, and high economic efficiency [6] - An example of a successful data service project involved a city investment company that invested over 3 million yuan, resulting in a data asset valuation exceeding 5 million yuan and a market value of over 30 million yuan [6][7] Group 6 - The "value cube" of data is achieved through addressing three key issues: rights confirmation, circulation, and financing [8][10][12] - The establishment of a data rights confirmation system aims to clarify ownership issues, with innovative products like the "three certificates" service for data rights [8] - A dual-driven model of government guidance and market dynamics is being developed to create an efficient and trustworthy data market ecosystem [10] Group 7 - Data asset pledge financing is a common practice that offers low-cost, efficient, and flexible solutions for financing challenges faced by small and medium-sized enterprises [12] - The construction of a data financing platform facilitates the management of data assets, ensuring compliance, quality, and value assessment [12] Group 8 - The essence of the "value cube" lies in the innovation of models, technological empowerment, and ecological collaboration, which together facilitate the realization of data value [14]

Core Viewpoint - Yiren Technology has completed a multi-million Pre-A round financing, focusing on the commercial closed-loop of spatiotemporal data collection, processing, and application, positioning itself as a leading spatiotemporal intelligent data service provider in China [4][5]. Group 1: Company Overview - Yiren Technology is the first company in China to achieve a commercial closed-loop for spatiotemporal data collection, large model data processing, and scenario application [4]. - The company provides spatiotemporal intelligent products and services for industries such as geographic information, autonomous driving, embodied intelligence, and low-altitude economy [4][5]. - Yiren Technology is recognized as a national high-tech enterprise and a "little giant" enterprise in Shanghai [4]. Group 2: Market Context - Spatiotemporal data is a core data form in modern geographic information science, IoT, and AI, and is essential for emerging industries like AI, autonomous driving, low-altitude economy, and smart cities [4]. - The market for spatiotemporal data is experiencing explosive demand, especially as it is integrated into the national "new infrastructure" initiative [4]. Group 3: Challenges in the Market - The market faces challenges such as a lack of stable and effective data suppliers, as major data holders like car manufacturers and map companies do not engage in data trading [5]. - Available spatiotemporal data is often static and historical, failing to meet the dynamic updating needs of scenarios like autonomous driving and disaster response [5]. - The absence of unified format standards for multi-source heterogeneous data increases processing costs and technical difficulties [5]. Group 4: Business Model and Technology - Yiren Technology has built a comprehensive spatiotemporal data perception network that includes intelligent connected vehicles, electric bicycles, low-altitude aircraft, and various sensing devices across over 300 cities in China [8]. - The company has developed its own spatiotemporal intelligent model, which integrates heterogeneous data and enables applications such as traffic flow prediction and environmental monitoring [8]. - Yiren Technology offers four main product and service categories: traffic information intelligence, autonomous driving data services, low-altitude economy data services, and embodied intelligence data services [8]. Group 5: Partnerships and Future Plans - Yiren Technology collaborates with major internet companies like Tencent, Alibaba, and Baidu, as well as automotive manufacturers and firms in geographic information and smart transportation [11]. - The company plans to partner with the BeiDou satellite navigation system to enhance its spatiotemporal data perception capabilities [11]. - Future applications of spatiotemporal intelligent technology are expected to expand into finance, insurance, and weather sectors [11].

Core Points - Shanghai Longyu Data Co., Ltd. has received a decision from the Shanghai Stock Exchange to terminate its stock listing, effective from June 10, 2025, with the expected last trading date being June 30, 2025 [2][3] - The stock will enter a delisting arrangement period of 15 trading days, during which the first trading day will have no price limit, while subsequent days will have a price fluctuation limit of 10% [3] - The company plans to conduct a share buyback during the delisting period, with a total amount between RMB 50 million and RMB 100 million, and a maximum buyback price of RMB 4.85 per share [5] Summary by Sections Delisting Announcement - The company received a self-regulatory decision from the Shanghai Stock Exchange regarding the termination of its stock listing [2] - The stock will enter a delisting arrangement period starting June 10, 2025, with a total of 15 trading days [2][3] Trading Restrictions - The stock will be traded on the risk warning board with specific trading codes and limits [3] - Individual investors must have over 24 months of trading experience and meet asset requirements to buy delisted stocks [3] Risk Disclosure - The company will issue risk warning announcements during the delisting period, including a notice on the first trading day and subsequent notices every five trading days [3] Share Buyback Plan - The company intends to repurchase shares during the delisting period, with a total amount between RMB 50 million and RMB 100 million, and a maximum price of RMB 4.85 per share [5] - Key stakeholders will not reduce their shareholdings during the buyback period [5]

证券代码：603003 证券简称：*ST 龙宇 公告编号：2025-055 上海龙宇数据股份有限公司 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： 始日为 2025 年 6 月 10 日，预计最后交易日期为 2025 年 6 月 30 日。 交易日，剩余 10 个交易日，交易期满将被终止上市。敬请投资者审慎投资、 注意风险。 牌，公司股票终止上市。敬请投资者审慎投资、注意风险。 时了结股票质押式回购、约定购回、融资融券、转融通、沪股通等业务。 到期的司法冻结业务，建议有权机关在股票终止上市日前通过原协助执行渠 道提前办理续冻手续。 （含）且不超过人民币 10,000 万元（含），回购股份价格不超过人民币 4.85 元/股（含）。因公司回购金额有限，存在短期内完成回购的情形。 公司股票进入退市整理期的起始日为 2025 年 6 月 10 日，退市整理期为 15 个交易日，如不考虑全天停牌因素，预计最后交易日期为 2025 年 6 月 30 日。公 司股票在退市整理期内全天停牌的，停牌期间不计入退市整理期，预计的 ...

Core Insights - The establishment of provincial data groups across China has gained momentum since 2017, with at least 27 provinces and autonomous regions currently having set up their own data groups, with registered capital reaching up to 10 billion yuan [1][2] - The national data group alliance is set to be officially launched in October 2024, aiming to enhance data resource integration and sharing across various sectors [1] Grouping by Functionality - Provincial data groups can be categorized into three main types: 1. Public data operation institutions, which focus on compliance and the authorized operation of public data [2] 2. Government information technology groups, which primarily build digital government platforms and emphasize technical development and security [2][7] 3. Multi-role groups, which integrate various functions such as data resource consolidation, trading platform establishment, and rule formulation for data transactions [2][9] Public Data Operation Institutions - The number of public data operation institutions is limited, with most established in the last two years, primarily by state-owned enterprises, and 75% having registered capital between 1 billion to 5 billion yuan [6] - An example is the Sichuan Data Group, which was formed with a registered capital of 2 billion yuan and focuses on public data governance and operational services [6] Government Information Technology Groups - These groups are mainly responsible for building digital government platforms, with most established between 2018 and 2019, and a noticeable decline in new establishments in recent years [7] - The Guangxi Digital Government Group has achieved 100% coverage of its electronic government network across various administrative levels [9] Multi-role Groups - Multi-role provincial data groups represent the largest share and have significant registered capital, with over half having between 100 million to 1 billion yuan [9] - The Fujian Data Group, established in August 2021, has a registered capital of 10 billion yuan and serves as a primary developer of public data resources in the province [9] Data Asset Financing - Three regions have successfully implemented data asset financing, with Guangxi and Fujian completing financing of 10 million yuan each, and Henan securing 8 million yuan [11] - The Fujian Data Group's subsidiary secured a 10 million yuan credit approval through data asset financing [11] Recent Developments in Hubei - The Hubei Big Data Group was established in June 2025 with a registered capital of 5 billion yuan, aiming for significant revenue and investment growth by 2030 [12] - Hubei has also prioritized data infrastructure development, establishing multiple platforms to facilitate data flow and implementing policies to promote data circulation [13]

Core Viewpoint - The article highlights the increasing regulatory scrutiny in the capital market, emphasizing a "zero tolerance" approach towards financial fraud, information disclosure violations, and fund misappropriation by listed companies. Group 1: ST Longyu - ST Longyu has been placed under investigation by the China Securities Regulatory Commission (CSRC) for suspected information disclosure violations, with a total of 8.7 billion yuan in fund misappropriation involved [1][2] - The company’s controlling shareholder and related parties have non-operational fund misappropriation totaling 9.18 billion yuan, of which 8.68 billion yuan remains unpaid [2] - The audit report for ST Longyu's 2023 annual report was issued with a "disclaimer of opinion," leading to increased delisting risks for the company [2] Group 2: ST Huamei - ST Huamei has been formally investigated by the CSRC for suspected information disclosure violations, with a self-reported non-operational fund misappropriation of 14.35 billion yuan [3][4] - The company reported significant fund flows lacking real commercial substance, with total outflows of 81.39 billion yuan and inflows of 68.52 billion yuan [3] - The ongoing investigation will impact the company's compliance risks and market reputation [3] Group 3: Guangji Pharmaceutical - Guangji Pharmaceutical has received a notice from the CSRC regarding an investigation for suspected information disclosure violations, following a previous warning from the Hubei Securities Regulatory Bureau [4][5] - The company acknowledged accounting errors in its financial reports, leading to adjustments in previously reported revenue and costs [4] - The CSRC's investigation marks an escalation in regulatory scrutiny regarding the company's compliance with information disclosure requirements [5] Group 4: Xiangyuan Cultural Tourism - Xiangyuan Cultural Tourism and its actual controller have been placed under investigation by the CSRC for suspected information disclosure violations [5] - The specific details of the violations have not yet been disclosed, but the investigation will assess the company's compliance with securities laws [5] - The outcome of the investigation is expected to be a focal point for market participants [5]

Group 1 - Wuchang District has completed the registration of 3D map data resources, becoming the first in Wuhan to receive a public data resource registration confirmation, which will be opened to departments and enterprises in need [1][2] - The public data includes information on buildings, streets, and lakes in key areas of Wuchang District, facilitating access for enterprises and institutions that previously faced challenges in obtaining such data [2][3] - The registration of public data resources is part of a broader initiative in China to encourage government agencies to provide high-quality public data to enterprises and institutions, enhancing the development of emerging industries like artificial intelligence and humanoid robots [1][3] Group 2 - The registered 3D map data can be shared and operated under three models: sharing, opening, and authorized operation, allowing low-altitude economy enterprises to access data without redundant collection [2] - Companies like Hubei Zhongxing Weitong Communication Co., Ltd. express that the opening of 3D map data will reduce data collection costs and support market applications in low-altitude economy and smart emergency sectors [2] - Wuchang District aims to establish a public data property registration system to clarify data ownership and unlock the value of public data, while also supporting local enterprises in participating in data circulation [3] Group 3 - Ten provinces and municipalities, including Beijing, Shanghai, Tianjin, and Guangdong, have completed the first batch of public data resource registrations nationwide [4]