Core Viewpoint - The evaluation results for information disclosure of listed companies in 2024 show a decline for *ST Huike, dropping from "Good" to "Unqualified" compared to 2023 [1][2]. Company Overview - *ST Huike, officially known as Zhuhai Huijin Technology Co., Ltd., is located in Zhuhai, Guangdong Province, and was established on January 26, 2005, with its listing date on November 17, 2016 [1]. - The company specializes in providing "cloud + end" integrated solutions and services for the financial industry, utilizing technologies such as IoT, mobile internet, artificial intelligence, and dynamic passwords [1]. - The revenue composition of the company includes: 59.02% from bank cash and heavy item management solutions, 38.20% from bank self-service equipment cash management system solutions, 1.52% from AI authentication and audio-video collection solutions, and 1.21% from other products [1]. Industry Classification - *ST Huike belongs to the Shenwan industry classification of Computer - Software Development - Vertical Application Software [1]. - The company is associated with several concept sectors, including delisting warnings, small-cap stocks, IoT, facial recognition, and artificial intelligence [1]. Evaluation Results - The 2024 evaluation results for *ST Huike indicate a grade of "D," a significant drop from "B" in both 2023 and 2022 [2]. - Other companies that experienced a similar decline in evaluation include 科达制造, *ST宝鹰, and *ST建艺, all receiving a grade of "D" in 2024 [2]. Management Information - The current Secretary of the Board for *ST Huike is Li Jiaxing, who assumed the position on August 30, 2024 [2]. - Li Jiaxing, born in 1993, has a background in marketing and securities, having worked in various companies before joining *ST Huike in June 2021 [2].

Core Viewpoint - Zhuhai Huijin Technology Co., Ltd. reported a significant improvement in its financial performance for the first half of 2025, with a notable increase in net profit and revenue compared to the same period last year. Financial Performance - The company's operating revenue for the reporting period was approximately 48.25 million yuan, representing a 5.49% increase from 45.74 million yuan in the previous year [6]. - The net profit attributable to shareholders was approximately 3.66 million yuan, a substantial increase of 210.89% from a loss of 3.30 million yuan in the same period last year [6]. - The basic earnings per share rose to 0.0111 yuan, compared to a loss of 0.0100 yuan per share in the previous year, marking a 211.00% increase [6]. - The total assets at the end of the reporting period were approximately 628.10 million yuan, down 2.36% from 643.29 million yuan at the end of the previous year [6]. Business Overview - The company operates in the "Software and Information Technology Services" industry, focusing on providing cash and high-value item management solutions for the financial sector [7]. - The company utilizes technologies such as IoT, artificial intelligence, dynamic passwords, and edge computing to offer comprehensive "cloud + edge" solutions to its clients, which include major state-owned banks and various commercial banks [8][9]. - The company emphasizes the integration of advanced technologies in financial services, aiming to enhance operational efficiency and risk management for its banking clients [8][9]. Market Trends - The financial industry is undergoing a transformative shift towards digitalization, driven by advancements in big data, cloud computing, and artificial intelligence, which are reshaping traditional banking models [7][14]. - The company is well-positioned to capitalize on these trends by continuously innovating and developing solutions that align with the evolving needs of the financial sector [19][20]. Competitive Advantages - The company has established a strong brand presence in the financial technology sector, recognized for its ability to deliver high-quality, reliable solutions that meet the stringent requirements of banking clients [23]. - The company maintains a robust research and development framework, with a focus on integrating new technologies into its product offerings, which has led to numerous patents and industry certifications [20][21]. Operational Strategy - The company adopts a direct sales model complemented by a nationwide service network, ensuring timely responses to client needs and enhancing customer loyalty [12][23]. - The company has implemented a comprehensive quality management system, achieving multiple international certifications that bolster its reputation in the industry [21].

Core Viewpoint - Zhuhai Huijin Technology Co., Ltd. (*ST Huike*) is facing administrative penalties from the Guangdong Securities Regulatory Bureau for alleged violations of information disclosure, with a proposed total fine of 6 million yuan against the company and three executives [1][6]. Financial Performance - In 2024, the company's revenue was approximately 89.83 million yuan, a significant decrease of 35.45% compared to the previous year [4][5]. - The net profit attributable to shareholders was -21.19 million yuan, representing a decline of 505.15% year-on-year [4][5]. - The net profit after deducting non-recurring gains and losses was also negative at -18.27 million yuan, compared to a profit of 5.09 million yuan in the previous year [4][5]. Business Operations - The company specializes in financial technology and IoT, providing self-service devices, management systems, and financial AI solutions to banks [3]. - The company reported a significant drop in sales across various product lines, including a 31.73% decline in cash management systems and a 71.06% drop in AI authentication and audio-video collection solutions [7][8]. - The decline in performance is attributed to increased cost control measures by banks and intensified market competition, which affected both sales volume and pricing [7]. Regulatory Issues - The company failed to disclose the risk of delisting in its 2024 earnings forecast, misleading investors by not revealing that its revenue fell below 100 million yuan [5]. - The administrative penalty includes a warning and fines of 2 million yuan for the company, and individual fines for the chairman, general manager, and financial director totaling 600,000 yuan [6].