近日，浦口经开区与江苏联迪数据科技有限公司举行签约仪式，双方将在金融科技装备制造领域开展战 略合作，共同构建智能制造与数字化转型新标杆。 联迪数科深耕金融科技领域多年，专注金融机构智能安全设备研发与数字化管理服务，凭借深厚技术积 淀与丰富行业实践，构建起全场景、全链路产品及解决方案体系，已成长为国内金融科技装备制造领域 标杆企业之一。此次签约标志着金融自助设备研发生产项目落户开发区，将为金融产业升级和数字经济 发展注入强劲动能。 随着"四大行动"的深入开展，浦口经济开发区紧紧围绕"165"机制，正呈现出优质项目加速落地、建设 进程持续提速、高水平研发成果高效转化、企业获得感持续提升的良好发展态势，产业发展活力与核心 竞争力不断增强。 吴晓倩杨长松 ...

12月14日晚间，上海古鳌电子科技股份有限公司(证券代码：300551，证券简称：古鳌科技（300551）) 发布公告称，公司实际控制人已由陈崇军变更为徐迎辉，相关控制权变更程序全部完成。根据公告安 排，公司股票将于明日(12月15日)正式复牌交易。此次控制权变更及配套融资方案的落地，标志着古鳌 科技进入发展新阶段，将为公司业务转型与持续发展注入新的动力。 本次控制权变更及定向发行是公司优化治理结构、增强发展后劲的重要举措。一方面，新实际控制人的 入主将为公司带来新的发展思路和资源支持；另一方面，募集资金的补充将为公司的业务转型和发展提 供资金保障。 "从长期来看，古鳌科技的发展前景取决于公司能否成功实现业务转型，能否在新的市场环境中找到新 的增长点。"福建华策品牌定位咨询创始人詹军豪对《证券日报》记者表示，"新实际控制人的入主有望 为古鳌科技带来新的发展思路与资源支持，本次募集资金补充流动资金将改善公司财务状况，为业务转 型奠定基础。但需注意的是，本次发行尚需多重审批，存在一定的审批风险，同时公司业绩改善仍需时 间检验，投资者应理性看待并注意投资风险。" 古鳌科技深耕金融机具、金融信息服务领域多年，是国内较 ...

Core Viewpoint - The report from Zhongyou Securities highlights that Hengyin Technology achieved a net profit attributable to shareholders of 17.8 million yuan in the first three quarters, with a net profit of 3.49 million yuan in Q3, indicating a stable revenue performance through significant adjustments in product and service structure [1] Financial Performance - Hengyin Technology's net profit for the first three quarters was 17.8 million yuan, with Q3 contributing 3.49 million yuan [1] Product and Service Innovation - The company has optimized algorithm encryption logic and strengthened key management systems, resulting in a data encryption transmission success rate of 99.9% for financial self-service devices, establishing itself as a benchmark in the financial industry's information security field [1] - In the core product series, Hengyin Technology maintains an industry-leading cash processing speed of over 720 banknotes per minute while innovating internal structures to reduce production costs [1] AI Technology Integration - The self-developed Hengyin Technology AI management platform has undergone significant upgrades, achieving a 92% trial application rate in several major state-owned and joint-stock banks, serving as a strong driver for the intelligent upgrade of financial services [1] Market Expansion - The company is actively expanding into overseas markets, with an accelerated market response [1] Investment Rating - The report initiates coverage with an "Overweight" rating for Hengyin Technology [1]

Core Viewpoint - The report from Zhongyou Securities highlights that Hengyin Technology achieved a net profit attributable to shareholders of 17.8 million yuan in the first three quarters, with a net profit of 3.49 million yuan in Q3, indicating a robust revenue performance through significant adjustments in product and service structure [1] Financial Performance - Hengyin Technology's net profit for the first three quarters was 17.8 million yuan, with Q3 contributing 3.49 million yuan [1] Product and Service Innovation - The company has optimized algorithm encryption logic and strengthened key management systems, resulting in a data encryption transmission success rate of 99.9% for financial self-service devices, establishing a benchmark in the financial industry's information security field [1] - In the core product series, Hengyin Technology maintains an industry-leading cash processing speed of over 720 banknotes per minute while innovating internal structures to reduce production costs [1] AI Technology Integration - The self-developed Hengyin Technology AI management platform has undergone significant upgrades, achieving a 92% trial application rate in several major state-owned and joint-stock banks, serving as a strong driver for the intelligent upgrade of financial services [1] Market Expansion - The company is actively expanding into overseas markets, with an accelerated market response [1] Investment Rating - The report initiates coverage with an "Overweight" rating for Hengyin Technology [1]

证券研究报告：计算机 | 公司点评报告 发布时间：2025-11-17 股票投资评级 增持|首次覆盖 个股表现 -20% -13% -6% 1% 8% 15% 22% 29% 36% 43% 2024-11 2025-01 2025-04 2025-06 2025-09 2025-11 恒银科技 计算机 资料来源：聚源，中邮证券研究所 | 公司基本情况 | | --- | | 最新收盘价（元） | 12.03 | | --- | --- | | 总股本/流通股本（亿股）5.21 / 5.21 | | | 总市值/流通市值（亿元）63 / 63 | | | 52 周内最高/最低价 | 12.94 / 6.93 | | 资产负债率(%) | 25.1% | | 市盈率 | 150.38 | | 第一大股东 | 恒融投资集团有限公司 | 研究所 分析师:孙业亮 SAC 登记编号:S1340522110002 Email:sunyeliang@cnpsec.com 分析师:刘聪颖 SAC 登记编号:S1340525100001 Email:liucongying@cnpsec.com 恒银科技(603106) 大力调 ...

Core Viewpoint - Hengyin Technology's stock price has shown significant growth this year, with a year-to-date increase of 50.26%, and recent trading activity indicates continued interest from institutional investors [1][2]. Financial Performance - For the period from January to September 2025, Hengyin Technology reported a revenue of 265 million yuan, representing a year-on-year growth of 3.22%. The net profit attributable to shareholders was 17.8 million yuan, showing a substantial increase of 149.72% [2]. - The company has distributed a total of 65.12 million yuan in dividends since its A-share listing, with 15.62 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 17, Hengyin Technology's stock was trading at 11.78 yuan per share, with a market capitalization of 6.132 billion yuan. The stock experienced a decline of 2.08% during the trading session [1]. - The stock has been active on the龙虎榜 (a stock trading list in China), with the most recent appearance on June 25, where it recorded a net buy of 11.19 million yuan [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Hengyin Technology was 55,700, a decrease of 4.35% from the previous period. The average number of circulating shares per shareholder increased by 4.54% to 9,343 shares [2]. - Notable institutional shareholders include Huabao Zhongzheng Financial Technology Theme ETF and new entrants like Boshi Financial Technology ETF and Huaxia Zhongzheng Financial Technology Theme ETF [3]. Business Overview - Hengyin Technology, established on May 12, 2004, and listed on September 20, 2017, specializes in providing smart banking solutions centered around financial self-service equipment. The revenue breakdown includes cash-related equipment and services (64.30%), non-cash equipment and services (18.01%), equipment parts (14.24%), and technical services (3.46%) [1].

Company Overview - Hengyin Technology was established on May 12, 2004, and listed on the Shanghai Stock Exchange on September 20, 2017. The company is a leading provider of financial self-service equipment in China, offering a full industry chain advantage and one-stop services to clients [1] Financial Performance - In Q3 2025, Hengyin Technology achieved operating revenue of 265 million yuan, ranking 50th among 63 companies in the industry. The top company, Inspur Information, reported revenue of 120.669 billion yuan, while the industry average was 3.504 billion yuan [2] - The net profit for the same period was 17.802 million yuan, placing the company 31st in the industry. The leading company, Inspur Information, had a net profit of 1.489 billion yuan, with the industry average at 102 million yuan [2] Financial Ratios - As of Q3 2025, Hengyin Technology's debt-to-asset ratio was 21.24%, down from 26.49% year-on-year and below the industry average of 34.38%. The gross profit margin was 29.39%, significantly improved from -7.69% year-on-year but still below the industry average of 34.46% [3] Executive Compensation - The chairman, Jiang Haoran, received a salary of 424,400 yuan in 2024, a decrease of 428,700 yuan from 2023. Jiang has held the position since May 2004 and has a background in engineering and finance [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 4.35% to 55,700. The average number of circulating A-shares held per shareholder increased by 4.54% to 9,343.05. Notable changes among the top ten circulating shareholders included an increase in holdings by Hua Bao Zhong Zheng Financial Technology Theme ETF and new entries from Bo Shi Financial Technology ETF and Hua Xia Zhong Zheng Financial Technology Theme ETF [5]

Core Viewpoint - Hengyin Technology's stock has shown a significant increase of 30.36% year-to-date, with recent trading activity indicating a mixed performance in the short term [1][2]. Financial Performance - For the first half of 2025, Hengyin Technology reported a revenue of 191 million yuan, representing a year-on-year growth of 6.29%. The net profit attributable to shareholders was 14.31 million yuan, showing a substantial increase of 139.05% [2]. Stock Market Activity - As of October 21, Hengyin Technology's stock price was 10.22 yuan per share, with a market capitalization of 5.32 billion yuan. The stock experienced a net inflow of 6.70 million yuan from main funds, with significant buying activity from large orders [1]. - The stock has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on June 25, where it recorded a net purchase of 11.19 million yuan [1]. Shareholder Information - As of June 30, the number of shareholders for Hengyin Technology was 58,200, an increase of 4.80% from the previous period. The average number of circulating shares per person decreased by 4.58% to 8,937 shares [2]. - The company has distributed a total of 65.12 million yuan in dividends since its A-share listing, with 15.62 million yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, the fifth-largest circulating shareholder was Huabao Zhongzheng Financial Technology Theme ETF, holding 2.24 million shares, an increase of 239,300 shares from the previous period. Conversely, Dachen Zhongzheng 360 Internet+ Index A reduced its holdings by 278,400 shares [3].

Core Viewpoint - Hengyin Technology's stock has shown a significant increase this year, with a 39.29% rise, reflecting positive market sentiment and performance in the financial technology sector [1][2]. Financial Performance - For the first half of 2025, Hengyin Technology reported operating revenue of 191 million yuan, a year-on-year increase of 6.29%, and a net profit attributable to shareholders of 14.31 million yuan, up 139.05% year-on-year [2]. - The company has distributed a total of 65.12 million yuan in dividends since its A-share listing, with 15.62 million yuan distributed over the past three years [3]. Stock Market Activity - As of September 16, Hengyin Technology's stock price reached 10.92 yuan per share, with a market capitalization of 5.684 billion yuan [1]. - The stock has seen a trading volume of 92.64 million yuan on the same day, with a turnover rate of 1.65% [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent net buy of 11.19 million yuan on June 25 [1]. Shareholder Information - As of June 30, 2025, Hengyin Technology had 58,200 shareholders, an increase of 4.80% from the previous period, with an average of 8,937 circulating shares per shareholder, a decrease of 4.58% [2][3]. - The top ten circulating shareholders include notable funds, with Hua Bao Zhong Zheng Financial Technology Theme ETF holding 2.24 million shares, an increase of 239,300 shares [3].

Core Viewpoint - Hengyin Technology's stock price has shown volatility, with a year-to-date increase of 36.35% but a recent decline in the last five and twenty trading days [1] Financial Performance - For the first half of 2025, Hengyin Technology achieved operating revenue of 191 million yuan, representing a year-on-year growth of 6.29% [2] - The net profit attributable to shareholders for the same period was 14.31 million yuan, a significant increase of 139.05% year-on-year [2] Stock Market Activity - As of September 15, Hengyin Technology's stock price was 10.69 yuan per share, with a market capitalization of 5.564 billion yuan [1] - The stock has experienced a net outflow of 502.56 thousand yuan in principal funds recently, with significant selling pressure [1] - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent net purchase of 11.1883 million yuan on June 25 [1] Shareholder Information - As of June 30, 2025, the number of shareholders increased to 58,200, up by 4.80% from the previous period [2] - The top ten circulating shareholders include notable funds, with Hua Bao Zhong Zheng Financial Technology Theme ETF being the fifth largest shareholder [3] Business Overview - Hengyin Technology, established on May 12, 2004, and listed on September 20, 2017, focuses on providing smart banking solutions centered around financial self-service equipment [1] - The revenue composition includes cash-related equipment and services (64.30%), non-cash equipment and services (18.01%), equipment parts (14.24%), and technical services (3.46%) [1]