9月25日，智度股份盘中上涨2.01%，截至10:13，报10.14元/股，成交1.45亿元，换手率1.15%，总市值 128.30亿元。 资金流向方面，主力资金净流入1440.00万元，特大单买入1494.19万元，占比10.29%，卖出532.09万 元，占比3.66%；大单买入3860.79万元，占比26.58%，卖出3382.89万元，占比23.29%。 分红方面，智度股份A股上市后累计派现2.10亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年6月30日，智度股份十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股1027.37万股，相比上期增加324.73万股。南方中证1000ETF（512100）位居第六大流通股 东，持股934.94万股，相比上期增加178.14万股。华夏中证1000ETF（159845）位居第九大流通股东， 持股551.02万股，相比上期增加131.00万股。广发中证1000ETF（560010）位居第十大流通股东，持股 442.31万股，为新进股东。广发中证传媒ETF联接A（004752）退出十大流通股东之列。 责任编辑：小浪快报 智度股份所属申万 ...

Core Viewpoint - The stock of Zhidu Co., Ltd. has shown a significant increase in price and trading volume, indicating positive market sentiment and potential growth opportunities for the company [1][2]. Group 1: Stock Performance - On September 18, Zhidu's stock rose by 2.05%, reaching a price of 10.44 CNY per share, with a trading volume of 1.89 billion CNY and a turnover rate of 1.46%, resulting in a total market capitalization of 132.10 billion CNY [1]. - Year-to-date, Zhidu's stock price has increased by 23.40%, with a 4.09% rise over the last five trading days, 5.56% over the last twenty days, and 13.23% over the last sixty days [1]. Group 2: Financial Performance - For the first half of 2025, Zhidu reported a revenue of 2.166 billion CNY, reflecting a year-on-year growth of 46.70%. However, the net profit attributable to shareholders decreased by 18.81% to 82.475 million CNY [2]. - The company has distributed a total of 210 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [2]. Group 3: Shareholder Structure - As of June 30, 2025, the number of shareholders for Zhidu decreased by 8.32% to 123,900, while the average number of circulating shares per person increased by 9.07% to 10,208 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 10.2737 million shares, an increase of 3.2473 million shares from the previous period [2].

Financial Performance - In 2024, the company achieved a revenue of CNY 3.307 billion, a year-on-year increase of 14.59% [2] - The net profit attributable to shareholders was CNY 213 million [2] - Internet media business generated CNY 1.158 billion, accounting for 35.03% of total revenue, with a gross profit of CNY 394 million, representing 69.36% of total gross profit [2] - Digital marketing business achieved revenue of CNY 1.983 billion, making up 59.96% of total revenue, with a gross profit of CNY 90.79 million, which is 15.98% of total gross profit [2] - The company maintained a low debt-to-asset ratio of 14.64% [2] Business Strategy - The company focuses on strengthening its core internet media and digital marketing businesses while developing new areas such as proprietary acoustic brands, metaverse, data technology, and blockchain applications [2][5] - The management aims to enhance core competitiveness and operational capabilities through resource optimization and strategic partnerships [2][5] - The company plans to explore new business models by integrating advanced technologies like AI into existing operations [2] Investor Relations and Market Management - The company emphasizes value management and investor returns through share buybacks and stock incentives [4][7] - It aims to enhance investor confidence and returns while maintaining compliance with legal regulations [6][7] - The company has not distributed dividends for several years but is exploring various methods to reward shareholders [8] Collaboration and Market Expansion - The company continues to serve as a platinum service provider for Whale Hong Dynamics, expanding its non-exclusive agency to various industries [3] - It provides advertising operations for major clients like Pinduoduo and supports cross-border advertising services for domestic advertisers [3] - The overseas business, primarily in internet media, accounted for nearly 37% of total revenue, showing stable growth despite potential impacts from U.S. tariffs [3] Risk Management - The company has established a robust loan loss provision system, with a coverage ratio of 193.15% and a provision rate of 12.61%, meeting regulatory requirements [9] - It maintains a cautious approach to managing credit risk in its lending operations [9]

Group 1 - Smart Digital Group Limited successfully completed its IPO on May 5, 2025, issuing 1,500,000 shares at a price of $4.00 per share, raising a total of $6 million [1][3] - The company's stock began trading on the Nasdaq Capital Market under the ticker symbol "SDM" on May 2, 2025 [1][3] - The company granted underwriters a 45-day option to purchase up to an additional 225,000 shares at the offering price, which could increase total funds raised [1] Group 2 - The funds raised from the IPO will be used for multiple strategic initiatives, including business expansion, brand promotion, software development, and general working capital [1][3] - The successful IPO marks a significant milestone for Smart Digital Group, providing access to public capital markets and enhancing its visibility in the global investment community [3] - The choice to list on Nasdaq instead of an Asian exchange reflects the company's ambition for international growth and desire for higher liquidity in the U.S. capital markets [3]