在从云计算到人工智能的技术浪潮中，中国金融科技企业"出海"步伐持续加快，已成为不可忽视的产业 趋势。 纵观当前出海模式，已从单纯卖产品转向输出整体解决方案，带动了大量中间品与零部件出口。沈佳庆 总结道，科技企业出海的核心特点可总结为三点：一是技术驱动，企业出海从卖产品到卖解决方案，带 动许多中间品和零部件出口；二是协同深化，技术、资本与本地化运营相结合，更好地融入海外市场环 境；三是品牌影响力提升，诸如大疆、宁德时代等品牌成为全球细分领域的龙头，具有较高品牌认知 度。 银行协同多方发力构建出海服务生态 面对金融科技出海的庞大市场需求，银行主动把握机遇，联动政府部门、协会、券商、律师事务所等多 方力量，从产品创新、联盟搭建、风险防控等维度发力，构建全链条服务生态，破解企业出海痛点。 中国人民银行原副行长李东荣曾公开指出，我国金融科技出海已具备良好基础。从业务范畴看，我国金 融服务走出去已逐渐发展到金融科技出海。从技术性能看，我国金融科技的技术实力已经得到实践的验 证。从支持业务创新和发展方面看，我国金融科技在促进金融业务创新发展方面也积累了丰富的经验。 从国际影响方面看，我国信息技术和数字技术发展已经逐步赢得国 ...

11月24日，银之杰盘中上涨2.02%，截至13:51，报38.32元/股，成交5.99亿元，换手率2.43%，总市值 270.78亿元。 资金流向方面，主力资金净流出3493.95万元，特大单买入1524.48万元，占比2.55%，卖出3599.80万 元，占比6.01%；大单买入1.26亿元，占比21.07%，卖出1.40亿元，占比23.44%。 银之杰今年以来股价涨0.18%，近5个交易日跌8.04%，近20日跌22.00%，近60日跌21.27%。 资料显示，深圳市银之杰科技股份有限公司位于广东省深圳市福田区泰然七路博今商务广场B座十二 层，成立日期1998年10月28日，上市日期2010年5月26日，公司主营业务涉及银行等金融机构提供与支 付结算、风险防控、业务流程再造、自助服务等业务相关的软件产品、软件开发、金融专用设备和技术 服务,以及投资企业征信和个人征信服务服务业务,覆盖到企业移动信息化服务领域。移动商务服务、大 数据运营服务等新兴产业领域。主营业务收入构成为：电子商务52.66%，短彩信通讯服务39.73%，金 融专用设备3.48%，金融软件3.35%，移动互联网应用服务0.78%。 银之 ...

Core Insights - On November 11, Yinzhijie experienced a decline of 3.41% with a trading volume of 1.05 billion yuan [1] - The company reported a financing buy-in amount of 84.25 million yuan and a financing repayment of 86.39 million yuan, resulting in a net financing outflow of 2.14 million yuan [1] - As of November 11, the total margin balance for Yinzhijie was 1.93 billion yuan [1] Financing Summary - On the same day, the financing buy-in was 84.25 million yuan, with a current financing balance of 1.92 billion yuan, accounting for 6.42% of the circulating market value [1] - The financing balance is above the 70th percentile of the past year, indicating a relatively high level [1] Securities Lending Summary - On November 11, Yinzhijie repaid 7,000 shares in securities lending and sold 2,200 shares, with a selling amount of 93,500 yuan based on the closing price [1] - The remaining securities lending volume was 84,600 shares, with a balance of 3.60 million yuan, which is below the 30th percentile of the past year, indicating a low level [1] Company Overview - Yinzhijie Technology Co., Ltd. was established on October 28, 1998, and listed on May 26, 2010 [2] - The company provides software products and services related to payment settlement, risk control, and business process reengineering for financial institutions [2] - The main revenue sources include e-commerce (52.66%), short message communication services (39.73%), financial specialized equipment (3.48%), financial software (3.35%), and mobile internet application services (0.78%) [2] Financial Performance - For the period from January to September 2025, Yinzhijie reported a revenue of 547 million yuan, a year-on-year decrease of 15.48% [2] - The net profit attributable to the parent company was -59.40 million yuan, showing a year-on-year increase of 5.71% [2] Shareholder Information - As of October 20, 2025, the number of shareholders was 109,000, a decrease of 1.65% from the previous period [2] - The average circulating shares per person increased by 1.67% to 5,983 shares [2] - Since its A-share listing, the company has distributed a total of 130 million yuan in dividends, with no dividends paid in the last three years [3]

Core Insights - On October 23, Yinzhijie experienced a stock price increase of 1.37% with a trading volume of 1.027 billion yuan [1] - The company reported a financing buy-in of 110 million yuan and a repayment of 114 million yuan, resulting in a net financing outflow of 3.3277 million yuan [1] - As of October 23, the total margin balance for Yinzhijie was 2.15 billion yuan, with a financing balance of 2.145 billion yuan, accounting for 6.30% of the circulating market value, indicating a high level compared to the past year [1] - The company’s short selling data showed a repayment of 3,400 shares and a sale of 5,300 shares, with a selling amount of 255,500 yuan, and a remaining short selling balance of 9.14 million shares, which is also at a high level compared to the past year [1] Company Overview - Yinzhijie Technology Co., Ltd. was established on October 28, 1998, and listed on May 26, 2010, located in Shenzhen, Guangdong Province [2] - The company provides software products and services related to payment settlement, risk control, and business process reengineering for financial institutions, and has expanded into mobile information services and big data operations [2] - The main revenue sources for the company include e-commerce (52.66%), short message services (39.73%), financial equipment (3.48%), financial software (3.35%), and mobile internet applications (0.78%) [2] Financial Performance - For the first half of 2025, Yinzhijie reported a revenue of 358 million yuan, a year-on-year decrease of 15.88%, and a net profit attributable to shareholders of -53.4847 million yuan, a decrease of 6.91% [2] - Since its A-share listing, the company has distributed a total of 130 million yuan in dividends, with no dividends paid in the last three years [3] - As of June 30, 2025, the number of shareholders increased by 1.05% to 114,300, with an average of 5,706 circulating shares per person, a decrease of 1.04% [2][3]

Core Viewpoint - The stock of Yinzhijie has experienced fluctuations, with a year-to-date increase of 21.83% but a recent decline in the last five and twenty trading days, indicating potential volatility in investor sentiment [1]. Company Overview - Yinzhijie Technology Co., Ltd. is located in Shenzhen, Guangdong Province, established on October 28, 1998, and listed on May 26, 2010. The company provides software products and services related to payment settlement, risk control, and business process reengineering for financial institutions [2]. - The main business revenue composition includes: E-commerce (52.66%), Short Message Communication Services (39.73%), Financial Specialized Equipment (3.48%), Financial Software (3.35%), and Mobile Internet Application Services (0.78%) [2]. - The company operates in the software development sector, specifically in vertical application software, and is involved in emerging industries such as mobile business services and big data operations [2]. Financial Performance - For the first half of 2025, Yinzhijie reported operating revenue of 358 million yuan, a year-on-year decrease of 15.88%, and a net profit attributable to the parent company of -53.48 million yuan, a decrease of 6.91% year-on-year [2]. - Since its A-share listing, the company has distributed a total of 130 million yuan in dividends, with no dividends paid in the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders of Yinzhijie was 114,300, an increase of 1.05% from the previous period, with an average of 5,706 circulating shares per person, a decrease of 1.04% [2]. - The fourth largest circulating shareholder is Hong Kong Central Clearing Limited, holding 11.14 million shares, an increase of 7.67 million shares from the previous period [3].

Company Overview - Shenzhen Yinzhijie Technology Co., Ltd. was established on October 28, 1998, and listed on May 26, 2010. The company provides software products and services related to payment settlement, risk control, business process reengineering, and self-service for financial institutions [2] - The main business revenue composition includes: E-commerce 52.66%, Short message communication services 39.73%, Financial specialized equipment 3.48%, Financial software 3.35%, and Mobile internet application services 0.78% [2] - The company operates in the computer software development sector, specifically in vertical application software, and is involved in concepts such as mergers and acquisitions, cloud computing, artificial intelligence, and Baidu concepts [2] Financial Performance - For the first half of 2025, the company achieved operating revenue of 358 million yuan, a year-on-year decrease of 15.88%, and a net profit attributable to the parent company of -53.48 million yuan, a year-on-year decrease of 6.91% [2] - The company has cumulatively distributed 130 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3] Stock Performance - As of September 11, the stock price increased by 2.16% to 51.45 yuan per share, with a total market capitalization of 36.357 billion yuan [1] - Year-to-date, the stock price has risen by 34.51%, with a 3.94% increase over the last five trading days, a 20.72% increase over the last 20 days, and a 39.96% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on January 14, where it recorded a net buy of -132 million yuan [1] Shareholder Information - As of August 8, the number of shareholders was 107,700, a decrease of 0.97% from the previous period, with an average of 6,052 circulating shares per person, an increase of 0.97% [2] - As of June 30, 2025, Hong Kong Central Clearing Limited was the fourth-largest circulating shareholder, holding 11.1411 million shares, an increase of 7.6685 million shares from the previous period [3]

Core Insights - The article highlights the strong performance of top investment advisors in the A-share market, with significant excess returns compared to the market average, showcasing their capabilities in a volatile market environment [1][3]. Performance Overview - The average return of the top 300 advisors in the stock trading group reached 27.19%, while the top 10 advisors achieved an impressive average return of 47.41% [2][3]. - In June, the three major indices in the A-share market all showed positive performance, with the Shanghai Composite Index rising by 2.9%, the Shenzhen Component Index by 4.23%, and the ChiNext Index by 8.02% [3]. ETF Group Performance - The average return for the top 200 advisors in the ETF group was 17.34%, with the top 10 achieving an average return of 30.93% [10][11]. - Compared to the benchmark indices, the top advisors significantly outperformed, with the Shanghai Composite Index rising by 5.04% and the Shenzhen Component Index by 5.71% during the same period [11]. Advisor Strategies - Advisors from leading firms like Guangfa Securities and CITIC Securities shared their strategies, focusing on growth stocks and utilizing models like "5+30" to identify high-potential sectors [13][14]. - Risk management strategies were emphasized, including controlling drawdowns and diversifying portfolios to mitigate risks during market fluctuations [15][20]. Institutional Strength - Guangfa Securities, CITIC Securities, and China Galaxy Securities led the rankings in terms of the number of advisors participating in the evaluation, indicating their strong institutional capabilities [23][28]. - The competition among institutions reflects a shift towards a client-centric approach in wealth management, emphasizing the importance of professional capabilities [39]. Future Outlook - Advisors are focusing on sectors with high growth potential, such as innovative pharmaceuticals and aerospace, while also considering macroeconomic factors like Federal Reserve policies [17][22]. - The article suggests that as market volatility becomes the norm, the ability of professional advisors to create value will be crucial for their competitive edge [39].

Core Viewpoint - Silver Zhi Jie (300085.SZ) has reported its 2024 financial results, revealing a lack of core competitiveness and significant financial losses, with total losses amounting to 522 million yuan over the past four years [1][2]. Financial Performance - The company's revenue for the last year was 863 million yuan, a year-on-year decrease of 15.02%, and the net profit attributable to shareholders was a loss of 129 million yuan, with the loss margin widening [1]. - The financial services revenue has dropped to 11.49%, while mobile business services and e-commerce have become the main revenue pillars, accounting for 56.37% and 32.14% respectively [3]. - All three major business segments reported revenue declines: financial information technology down 38.08%, mobile information services down 21.05%, and e-commerce down 2.52% [4][5]. Business Diversification - Silver Zhi Jie began diversifying in 2014 through acquisitions, but this strategy has not significantly improved performance, and the original financial business is losing ground [2][4]. - The acquisition of Yimei Soft Communication in 2014 led to initial revenue growth, but subsequent losses from this investment have severely impacted overall performance [5][6]. Investment Losses - The investment in Dongya Qianhai Securities has also been a financial burden, with cumulative losses from this investment totaling 142 million yuan over four years [8][9]. - The company has announced plans to divest its stake in Dongya Qianhai Securities to focus on its core financial technology business [8]. Shareholder Actions - Despite the financial downturn, major shareholders have engaged in significant share sell-offs, raising concerns about their commitment to the company [10]. - In September 2024, major shareholders signed a share transfer agreement, leading to speculation about potential restructuring or shell company scenarios, which contributed to a dramatic increase in stock price [11][12]. - The stock price surged from 8.55 yuan to a peak of 66.5 yuan, reflecting a 682% increase, although it later corrected significantly [12][14].