Group 1 - On June 11, a strategic cooperation signing ceremony was held between Ruqi Data and the Datong Data Bureau, marking the official launch of the Datong base, which is a high-standard data labeling base developed in response to the rapid growth of business demands [1] - According to the cooperation agreement, both parties will leverage their respective advantages to jointly promote the development of the data industry in Datong. Ruqi Data will establish a professional data labeling team exceeding 500 people at the Datong base, with an initial team size of over 200 [3] - Datong is one of the first cities designated by the National Data Bureau to undertake the construction of data labeling bases. The city is focusing on building a "computing power city" by leveraging its stable, low-cost, and high-quality power infrastructure, and is attracting leading enterprises in various industries to develop around data and computing power [3] Group 2 - Ruqi Data is a comprehensive artificial intelligence data production, service, and management solution launched by Ruqi Travel, aiming to create a data fission engine for the AI era. The company has expanded its business boundaries from the autonomous driving industry to various sectors including healthcare, education, finance, law, biology, and large models [4] - Ruqi Data has built a professional labeling team of over 1,500 people, delivering a labeling capacity of over 700,000 frames per month [4]

证券代码：603003 证券简称：退市龙宇 公告编号：2025-048 上海龙宇数据股份有限公司 关于股份回购进展公告 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： 根据《上市公司股份回购规则》相关规定，上市公司不得在退市整理期复牌 首日即股票交易价格无涨跌幅限制期间实施回购，故截至 2025 年 6 月 10 日，上 海龙宇数据股份有限公司(以下简称"公司")尚未通过上海证券交易所交易系统 以集中竞价交易方式进行回购。 一、 回购股份的基本情况 届董事会第九次会议，以 3 票同意、0 票反对、0 票弃权审议通过了《关于第六期 以集中竞价交易方式回购公司股份的议案》，同意公司为维护公司价值及股东权益 所必需，在退市整理期内（2025 年 6 月 10 日至 2025 年 6 月 30 日）进行股份回购， 回购金额不低于人民币 5,000 万元（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）。具体内容详见公司于 2025 年 6 月 7 日在上海证券交易所网站（ ...

Core Viewpoint - The company has approved a change in the implementation subject of a fundraising project and will provide loans to its subsidiary for project execution [1][2]. Group 1 - The sixth supervisory board meeting was held on June 9, 2025, with all three supervisors present, confirming compliance with relevant laws and company regulations [1]. - The company decided to change the implementation subject of the "UDC Shanghai Project (Phase I)" from itself to its subsidiary, Shanghai Hailan Cloud Data Technology Co., Ltd [1]. - The supervisory board believes that the decision-making process for the change is reasonable and aligns with the company's development strategy and legal regulations, benefiting the company and all shareholders [2]. Group 2 - The board's voting results showed unanimous support for the decision, with 3 votes in favor and no opposition or abstentions [2].

Core Viewpoint - The document outlines the opinions from the Central Committee and the State Council on advancing comprehensive reform pilot projects in Shenzhen, emphasizing the market-oriented allocation of data elements and the establishment of relevant trading rules and standards [1] Group 1: Data Market Reform - The reform aims to deepen the market-oriented allocation of data elements, supporting Shenzhen in exploring mechanisms for data trading, trusted circulation, and revenue distribution [1] - There is a focus on developing more institutional outcomes in compliance assessment and certification related to data [1] Group 2: Public Data Opening - The initiative promotes the gradual and lawful opening of public data in sectors such as transportation, geography, satellite remote sensing, meteorology, and healthcare, while ensuring safety [1] - It emphasizes the need to establish relevant management systems, service mechanisms, and standards for data sharing [1] Group 3: Urban Information Models - The plan includes improving the urban information model foundational platform and cautiously conducting pilot applications of three-dimensional land space models [1] Group 4: Data Security and Cross-Border Flow - There is an intention to enhance data security governance and regulatory capabilities, exploring efficient, convenient, and secure mechanisms for cross-border data flow, in compliance with legal and regulatory requirements [1]

在技术迭代与市场变革的夹缝中，探索新的生存法则，重新定义企业的使命。 "一方面是数据业务，一方面是人工智能，应该向着哪个方向去发力？这是我们这两年努力探索的问题。"沈益民告诉36氪四川，"站在这样一个时间节点 上，我们开展的工作也恰好分成了两大类型，一类是围绕数据标识的基础通用部分，一类是以传统数据分析结合人工智能大模型的专用部分。" 成都边界元科技有限公司 成都边界元科技有限公司（以下简称"边界元"）成立于2012年，是一家产学研结合紧密的高校教师创业企业，创始人、董事长沈益民是成都工业学院教授、 电子科技大学校外研究生导师，同时担任四川省产业大数据应用研究院执行院长。据了解，「边界元」在"数据要素"方面已经建立了相对稳固的行业地位， 正积极拓展人工智能领域业务。 近年来，人工智能技术浪潮席卷全球，各行各业争相乘上"AI+"的东风。互联网"巨头"们调整战略方向，拆解既有业务架构，将资源向AI领域倾斜；已有明 确业务范畴的信息技术企业更是被迫直面业务转型与自我重塑的课题。 建立平台，让数据要素标识更好用 数据要素标识是每个数据资源的统一、唯一、不变的编码（ID），用于在数据登记确权、流通交易、授权运营、增值利 ...

Core Viewpoint - The article highlights the recent entry of two companies, Pengbo and Longyu, into the delisting arrangement period, indicating significant stock price risks in the A-share market [1][2][3]. Summary by Sections Company Overview - Pengbo, officially known as Pengbo Telecom Media Group Co., Ltd., has seen its stock price plummet, with a drop exceeding 64% to a low of 0.22 yuan. The company, once valued at over 600 billion yuan, now has a market capitalization of approximately 4 billion yuan, representing a decline of over 99% from its peak [4][6][7]. - Longyu, officially Shanghai Longyu Data Co., Ltd., also experienced a sharp decline, with its stock price falling over 45% during trading. The company is recognized as a green digital ecological service provider and a bulk commodity trading service provider [8][9][10]. Financial Reporting Issues - Both companies faced delisting due to their 2023 annual financial reports being issued with audit opinions that could not express a view. This led to the Shanghai Stock Exchange's decision to terminate their listings [7][10]. - Pengbo's stock was under delisting risk warning since May 6, 2024, and its 2024 annual report also received an audit opinion that could not express a view [7][10]. - Longyu similarly received a delisting warning and had its 2024 financial report audited with a negative opinion on internal controls [10]. Market Reactions - The stock prices of both companies saw drastic declines, with Pengbo's trading volume significantly increasing during the sell-off [4][8]. - The article notes that other companies, such as Longjin and Renrenle, are also entering the delisting arrangement period, indicating a broader trend of financial distress among A-share listed companies [12][13][14].

Core Viewpoint - YuanGuang Technology, known as the "first stock of smart time-series data," has officially listed on the Hong Kong Stock Exchange, with an offering price of HKD 9.75 per share, aiming to become a "data vascular" system driving efficient urban operations [1] Group 1: Investment Value and Market Opportunity - The investment value of YuanGuang Technology is rooted in its solid competitive moat and the unique timing of its market entry [1] - The company has established a significant presence in the lower-tier market, covering 274 cities and 466 towns in China, with nearly 300 million users, making it the largest real-time bus information platform in the country [4] - The accuracy of the platform's data is noteworthy, with bus route display accuracy at 99.5% and real-time location accuracy at 97.8%, both exceeding the industry average of approximately 90% [4] Group 2: Business Model and Financial Performance - YuanGuang Technology's business model capitalizes on the "forced attention" of commuters, allowing it to effectively monetize its user base through targeted advertising [5] - Revenue has grown from CNY 135 million in 2022 to CNY 206 million in 2024, with a compound annual growth rate (CAGR) of 23.53% [5] - The company's gross profit increased from CNY 98.8 million to CNY 157 million during the same period, with a CAGR of 26.06% and gross margins of 73.0%, 76.3%, and 76.4% respectively [5] Group 3: Technological Adaptability and Future Potential - The algorithms developed by YuanGuang Technology, centered around bus time-series data, are proving adaptable across various industries, indicating potential for global expansion [6] - The company has launched new product lines in renewable energy and industrial internet sectors, showcasing its ability to apply its technology in diverse scenarios [6][8] Group 4: Market Conditions and IPO Timing - The timing of YuanGuang Technology's IPO aligns with a recovery in liquidity and a rebound in technology stock valuations in the Hong Kong market, with major indices showing over 20% gains this year [9][10] - The influx of southbound capital has significantly benefited new listings and small to mid-cap growth stocks, with net purchases exceeding HKD 600 billion this year [10] Group 5: Social and Economic Impact - YuanGuang Technology's deep coverage of lower-tier markets and high data accuracy contribute to optimizing urban public resources and bridging the information gap between urban and rural areas [15] - The company's value extends beyond financial metrics, as its technology supports urban digital transformation and enhances public service efficiency, creating a competitive barrier in the smart economy era [15]

Core Insights - Jiangsu Province has launched the first batch of 40 projects under the "123+" initiative to develop a trusted data space, marking a significant step in building a high-quality trusted data ecosystem [1][2] - The trusted data space aims to create a secure environment for data circulation, addressing issues of reluctance and inability to utilize data effectively, thereby enhancing the value of data elements [1] - The initiative focuses on ten key areas, including digital transformation of enterprises and advanced manufacturing, with a goal to establish over 10 national benchmarks and 20 provincial models by 2028 [1][3] Project Selection Criteria - The selected projects align closely with national strategies, with 9 enterprise trusted data spaces, 20 industry trusted data spaces, 7 city trusted data spaces, and 4 cross-border trusted data spaces [2] - For example, the Nanjing city trusted data space focuses on resilient city construction and precise urban governance, facilitating the integration of public, enterprise, and personal data [2] Industry-Specific Features - The projects reflect Jiangsu's industrial characteristics, with a focus on the "1650" industrial development system and "51010" strategic emerging industries [3] - Notable projects include the steel industry chain collaboration data space, which aims to integrate supply chain data to promote digital transformation and upgrade of traditional industries [3] Sustainability and Business Models - The trusted data spaces are encouraged to develop sustainable business models, exploring new revenue streams through user engagement and product offerings [4] - For instance, the Jiangsu healthcare industry trusted data space plans to implement a dual evaluation system based on contribution and transaction volume, projecting a return on investment of over 20% within two years [4] Future Management and Development - The Jiangsu Provincial Data Bureau will implement dynamic management of selected projects, regularly assessing progress and outcomes to ensure effective demonstration and leadership [4] - The initiative aims to encourage more innovative entities to participate, contributing to the overall development of the trusted data space in Jiangsu and providing a model for national data space system construction [4]

证券代码：603003 证券简称：*ST 龙宇 公告编号：2025-046 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 15 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。 二、公司股票退市整理期交易起始日及交易期限 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。 元（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；根据《上 市公司股份回购规则》，公司不得在退市整理期首日进行股份回购；本次股 份回购存在因股票价格持续超出回购价格上限而导致本次回购计划无法顺 利实施的风险。 回购股份方案的提议人在回购期间、未 ...

Group 1 - The company Shanghai Chengdi Xiangjiang Data Technology Co., Ltd. is set to hold its 2024 Annual General Meeting on June 12, 2025, at 14:00, utilizing a combination of on-site and online voting methods [1][2] - The company has announced the use of Shanghai Stock Exchange Information Co., Ltd. to provide a shareholder meeting reminder service, which will proactively notify shareholders about the meeting and voting details via smart SMS [2] - Shareholders will be able to vote directly through the provided instructions in the SMS or through existing trading and internet voting platforms in case of congestion [2]