Core Viewpoint - The company is actively involved in the payment industry, leveraging blockchain technology for innovative solutions and maintaining a strong position in international settlement and trade financing [2][3]. Group 1: Company Performance - As of October 23, 2025, the company's stock price closed at 18.94 yuan, reflecting a 0.53% increase with a turnover rate of 1.54% and a trading volume of 38,100 shares, amounting to a transaction value of 71.1298 million yuan [1]. Group 2: Blockchain Technology and Innovation - The company has developed various blockchain-related technologies and holds multiple patents, including a distributed identity multi-source zero-knowledge verification method, which aims to balance data privacy and innovative services in sensitive sectors like finance and healthcare [3]. - The company has successfully applied blockchain technology in areas such as letter of credit settlement, demonstrating effective utilization of its R&D outcomes to meet client business needs [2]. Group 3: Market Activity - On October 23, there was a net outflow of 8.77 million yuan from major funds, indicating a continued withdrawal of institutional capital, while retail investors saw a net inflow of 6.8584 million yuan [4].

Core Viewpoint - The company, Xinchen Technology, has extensive experience and technical accumulation in the field of international settlement and trade financing, which positions it well to meet market demands [1] Group 1: Company Capabilities - The international settlement and trade financing system developed by the company is based on mature international settlement and trade financing products, integrating deep understanding and years of implementation experience in the financial industry [1] - The system comprehensively covers bank international settlement and trade financing business, domestic specialty business, and interbank agency business [1] - By automating international settlement and trade financing processes, the company helps banks reduce risks and lower costs [1] Group 2: Technological Innovation - The successful application of blockchain technology in areas such as letter of credit settlement demonstrates the effective utilization of the company's R&D achievements in blockchain [1] - This application not only meets the business needs of the company's clients but also showcases the practical implementation of innovative technology in financial services [1]