Core Viewpoint - The company confirmed that Google and Alibaba are important clients and that it provides AI training data for them [1] Group 1 - The company has been providing AI training data to both Google and Alibaba [1] - The company will adhere to relevant laws and regulations regarding information disclosure concerning Alibaba's revenue contribution [1]

Core Viewpoint - The company, Hai Tian Rui Sheng (688787.SH), has confirmed that Google and Alibaba are significant clients, providing AI training data to them [1] Group 1 - The company emphasizes its commitment to comply with relevant laws and regulations regarding information disclosure, particularly concerning the revenue contribution from Alibaba [1]

Group 1 - The core viewpoint of the news is that Beijing Haitai Ruisheng Technology Co., Ltd. has seen a stock price increase of 5.44%, reaching 106.49 yuan per share, with a total market capitalization of 6.424 billion yuan [1] - The company specializes in the research, design, production, and sales of AI training data, with its main business revenue composition being: intelligent voice 44.13%, computer vision 40.02%, natural language 13.90%, and application services 1.95% [1] Group 2 - From the perspective of fund holdings, Fuyong Fund has a significant position in Haitai Ruisheng, with its Fuyong Information Technology Mixed A fund holding 280,800 shares, accounting for 4.45% of the fund's net value [2] - The Fuyong Information Technology Mixed A fund has a total scale of 131 million yuan and has achieved a year-to-date return of 2.07%, ranking 7375 out of 8209 in its category [2] - The fund manager, Li Yanzheng, has a tenure of 4 years and 161 days, with the best fund return during his tenure being 46.7% and the worst being -31.03% [2]

Core Insights - On November 12, Haitai Ruisheng's stock fell by 2.48%, with a trading volume of 147 million yuan [1] - The company reported a financing buy-in of 12.90 million yuan and a financing repayment of 18.34 million yuan, resulting in a net financing outflow of 5.45 million yuan [1] - As of November 12, the total margin balance for Haitai Ruisheng was 303 million yuan, which is 4.71% of its market capitalization [1] Financing Summary - Haitai Ruisheng's financing buy-in on November 12 was 12.90 million yuan, with a current financing balance of 303 million yuan [1] - The financing balance is below the 20th percentile level over the past year, indicating a low position [1] Securities Lending Summary - On November 12, there were no shares repaid or sold in securities lending, with a total lending balance of 0.00 yuan, which is at a high level compared to the 90th percentile over the past year [1] Company Overview - Haitai Ruisheng Technology Co., Ltd. was established on May 11, 2005, and went public on August 13, 2021 [1] - The company's main business involves the research, design, production, and sales of AI training data, with revenue composition as follows: intelligent voice 44.13%, computer vision 40.02%, natural language 13.90%, and application services 1.95% [1] Financial Performance - As of September 30, the number of shareholders for Haitai Ruisheng was 12,600, an increase of 18.33% from the previous period [2] - For the period from January to September 2025, the company achieved a revenue of 234 million yuan, a year-on-year increase of 56.69%, and a net profit attributable to shareholders of 4.18 million yuan, up 10.32% year-on-year [2] Dividend Information - Since its A-share listing, Haitai Ruisheng has distributed a total of 57.50 million yuan in dividends, with 46.80 million yuan distributed over the past three years [2] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included Noan Active Return Mixed A (001706) as the seventh largest shareholder, holding 545,800 shares, unchanged from the previous period [2] - The eighth largest shareholder, Bosera SSE Sci-Tech Innovation Board AI ETF Initiated Link A (023520), is a new entrant with 492,400 shares [2] - Hong Kong Central Clearing Limited is the tenth largest shareholder, also a new entrant with 437,700 shares [2]

Core Insights - On November 6, Haitai Ruisheng experienced a decline of 0.66% with a trading volume of 158 million yuan, indicating a negative market sentiment [1] - The company reported a financing buy-in of 19.64 million yuan and a financing repayment of 24.18 million yuan on the same day, resulting in a net financing outflow of 4.54 million yuan [1] - As of November 6, the total margin balance for Haitai Ruisheng stood at 317 million yuan, which is 4.61% of its market capitalization, reflecting a low financing balance compared to the past year [1] Financing and Margin Data - On November 6, Haitai Ruisheng had a financing buy-in of 19.64 million yuan, with a current financing balance of 317 million yuan, which is below the 20th percentile of the past year [1] - The company reported no short-selling activity on November 6, with a short-selling balance of 0 shares, indicating a high level of short-selling availability compared to the past year [1] Company Overview - Haitai Ruisheng Technology Co., Ltd. was established on May 11, 2005, and went public on August 13, 2021, focusing on the research, design, production, and sales of AI training data [1] - The company's revenue composition includes 44.13% from intelligent voice, 40.02% from computer vision, 13.90% from natural language, and 1.95% from application services [1] Shareholder and Financial Performance - As of September 30, the number of shareholders for Haitai Ruisheng increased by 18.33% to 12,600, while the average number of circulating shares per person decreased by 15.49% to 4,769 shares [2] - For the period from January to September 2025, the company achieved a revenue of 234 million yuan, representing a year-on-year growth of 56.69%, and a net profit attributable to shareholders of 4.18 million yuan, up 10.32% year-on-year [2] - Since its A-share listing, Haitai Ruisheng has distributed a total of 57.50 million yuan in dividends, with 46.80 million yuan distributed over the past three years [2] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders of Haitai Ruisheng include notable funds such as Nuoan Active Return Mixed A and Bosera SSE STAR Market Artificial Intelligence ETF, with new entries from Hong Kong Central Clearing Limited [2]

Group 1 - The core point of the news is the performance and market position of Beijing Haitan Ruisheng Technology Co., Ltd., which saw a stock price increase of 5.04% to 121.87 CNY per share, with a total market capitalization of 7.352 billion CNY [1] - The company specializes in the research, design, production, and sales of AI training data, with revenue composition as follows: intelligent voice 44.13%, computer vision 40.02%, natural language 13.90%, and application services 1.95% [1] Group 2 - From the perspective of fund holdings, Jin Xin Fund has a significant position in Haitan Ruisheng, with its Jin Xin Quantitative Selected Mixed A Fund holding 13,800 shares, accounting for 4.99% of the fund's net value, ranking as the tenth largest holding [2] - The Jin Xin Quantitative Selected Mixed A Fund has achieved a year-to-date return of 35.54%, ranking 2,355 out of 8,223 in its category, and a one-year return of 20.81%, ranking 4,192 out of 8,115 [2] Group 3 - The fund manager of Jin Xin Quantitative Selected Mixed A is Tan Jiajun, who has been in the position for 1 year and 16 days, with the fund's total asset size at 609 million CNY [3] - During Tan Jiajun's tenure, the best fund return was 33.46%, while the worst return was 9.31% [3]

Core Viewpoint - Haitan Ruisheng's stock price increased by 5.12% to 118.73 CNY per share, with a trading volume of 287 million CNY and a turnover rate of 4.18%, resulting in a total market capitalization of 7.162 billion CNY [1] Company Overview - Beijing Haitan Ruisheng Technology Co., Ltd. was established on May 11, 2005, and went public on August 13, 2021. The company is located at No. 68 Zhichun Road, Haidian District, Beijing [1] - The main business involves the research, design, production, and sales of AI training data. The revenue composition is as follows: Intelligent Voice 44.13%, Computer Vision 40.02%, Natural Language 13.90%, and Application Services 1.95% [1] Fund Holdings - According to data, one fund under Furong Fund has a significant holding in Haitan Ruisheng. Furong Information Technology Mixed A (013345) held 280,800 shares in the third quarter, accounting for 4.45% of the fund's net value, ranking as the tenth largest holding [2] - The fund has generated an estimated floating profit of approximately 1.6228 million CNY today [2] - Furong Information Technology Mixed A was established on October 28, 2021, with a current scale of 131 million CNY. Year-to-date returns are 6.21%, ranking 6565 out of 8154 in its category, while the one-year return is 12.88%, ranking 5364 out of 8046 [2] - The fund manager, Li Yanzheng, has been in position for 4 years and 137 days, with total assets under management of 841 million CNY. The best fund return during his tenure is 68.6%, while the worst is -31.03% [2]

Core Viewpoint - The company, Haitai Ruisheng, is a leading domestic AI training data solution provider, focusing on the research, design, production, and sales of AI training data, with strong technical capabilities and close strategic collaboration with tech giants [1] Group 1: Business Performance - As of Q3 2025, the company's revenue was 234 million yuan, ranking 98th among 131 companies in the industry, significantly lower than the top competitors, with the industry average revenue at 283.3 million yuan [2] - The main business revenue breakdown includes: intelligent voice at 69.15 million yuan (44.13%), computer vision at 62.72 million yuan (40.02%), natural language at 21.78 million yuan (13.90%), and application services at 3.05 million yuan (1.95%) [2] - The net profit for the same period was 4.35 million yuan, ranking 69th in the industry, also significantly lower than the top competitors and below the industry average of 25.96 million yuan [2] Group 2: Financial Health - The company's debt-to-asset ratio as of Q3 2025 was 13.73%, an increase from 5.22% year-on-year, but still below the industry average of 38.93%, indicating strong debt repayment capability [3] - The gross profit margin for Q3 2025 was 49.66%, down from 66.83% year-on-year, yet still above the industry average of 29.96%, reflecting a competitive advantage in profitability [3] Group 3: Executive Compensation - The chairman, He Lin, saw a salary increase from 1.63 million yuan in 2023 to 2.27 million yuan in 2024, an increase of 635,900 yuan [4] - The general manager, Li Ke, had a salary rise from 1.42 million yuan in 2023 to 2.09 million yuan in 2024 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 18.33% to 12,600, while the average number of circulating A-shares held per shareholder decreased by 15.49% to 4,769.54 [5] - Notable changes among the top ten circulating shareholders include the entry of new shareholders such as the Boshi Shanghai Stock Exchange Science and Technology Innovation Board Artificial Intelligence ETF and Hong Kong Central Clearing Limited [5] Group 5: Future Outlook - The company is expected to see significant revenue growth, with projected revenues of 308 million yuan, 387 million yuan, and 469 million yuan for 2025, 2026, and 2027 respectively, alongside net profits of 20 million yuan, 29 million yuan, and 36 million yuan [5] - The company is positioned well for growth due to a booming data annotation industry, global expansion, and deepening government-enterprise cooperation [6]

Core Insights - On October 9, Haitan Ruisheng's stock fell by 0.55%, with a trading volume of 465 million yuan [1] - The company reported a financing buy-in of 71.44 million yuan and a net financing buy of 14.93 million yuan on the same day [1] - As of October 9, the total financing and securities lending balance for Haitan Ruisheng was 345 million yuan, which is 4.45% of its market capitalization [1] Financing Summary - On October 9, Haitan Ruisheng had a financing buy-in of 71.44 million yuan, with a current financing balance of 345 million yuan [1] - The financing balance is below the 40th percentile level over the past year, indicating a relatively low position [1] Securities Lending Summary - On October 9, there were no shares repaid or sold in securities lending, resulting in a sell amount of 0 yuan [1] - The securities lending balance is at 0 shares, which is above the 80th percentile level over the past year, indicating a high position [1] Company Overview - Haitan Ruisheng Technology Co., Ltd. was established on May 11, 2005, and went public on August 13, 2021 [1] - The company's main business involves the research, design, production, and sales of AI training data, with revenue composition as follows: intelligent voice 44.13%, computer vision 40.02%, natural language 13.90%, and application services 1.95% [1] Financial Performance - For the period from January to June 2025, Haitan Ruisheng achieved a revenue of 157 million yuan, representing a year-on-year growth of 69.54% [2] - The net profit attributable to the parent company was 3.80 million yuan, showing a significant year-on-year increase of 813.65% [2] Shareholder Information - As of June 30, 2025, the number of shareholders for Haitan Ruisheng was 10,700, a decrease of 14.71% from the previous period [2] - The average number of circulating shares per shareholder increased by 17.25% to 5,643 shares [2] - The company has distributed a total of 57.50 million yuan in dividends since its A-share listing, with 46.80 million yuan distributed over the past three years [2]

Group 1 - The stock of Beijing Haitai Ruisheng Technology Co., Ltd. fell by 5.04% on September 26, trading at 120.29 CNY per share with a transaction volume of 177 million CNY and a turnover rate of 2.39%, resulting in a total market capitalization of 7.257 billion CNY [1] - The company, established on May 11, 2005, and listed on August 13, 2021, specializes in the research, design, production, and sales of AI training data. Its main business revenue composition includes: intelligent voice at 44.13%, computer vision at 40.02%, natural language at 13.90%, and application services at 1.95% [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Xinda Australia has a significant holding in Haitai Ruisheng. The Xinao Ju You Zhi Xuan Mixed A Fund (017648) held 9,314 shares in the second quarter, accounting for 3.39% of the fund's net value, ranking as the tenth largest heavy stock [2] - The Xinao Ju You Zhi Xuan Mixed A Fund (017648) was established on January 19, 2023, with a latest scale of 12.7066 million CNY. Year-to-date returns are 31.71%, ranking 3049 out of 8171 in its category; the one-year return is 89.27%, ranking 838 out of 8004; and since inception, the return is 23.69% [2] - The fund manager, Xu Cong, has been in position for 2 years and 318 days, with total assets under management of 716 million CNY. The best fund return during his tenure is 19.28%, while the worst is 3.19% [2]