Core Viewpoint - Wealth Trend (688318.SH) announced the resignation of core technical personnel Zhang Lijun due to personal reasons, who will continue to serve as a technical consultant for the company [1] Group 1 - Zhang Lijun has completed the resignation process and his responsibilities have been taken over by other department personnel, with a successful handover of work [1] - The departure of Zhang Lijun is not expected to have a substantial impact on the company's core competitiveness or ongoing operational capabilities [1] - The company's existing core technologies and research and development projects will continue without disruption [1]

证券代码：688318 证券简称：财富趋势 深圳市财富趋势科技股份有限公司 2026 年第一次临时股东会会议资料 2026 年 1 月 1 / 7 目录 | 深圳市财富趋势科技股份有限公司 2026 | 年第一次临时股东会会议须知 | 3 | | --- | --- | --- | | 深圳市财富趋势科技股份有限公司 2026 | 年第一次临时股东会会议议程 | 5 | | 深圳市财富趋势科技股份有限公司 2026 | 年第一次临时股东会会议议案 | 7 | | 议案一：《关于部分募投项目结项并将节余募集资金用于永久补充流动资金的议 | | | | 案》 | | 7 | 2 / 7 深圳市财富趋势科技股份有限公司 2026 年第一次临时股东会会议须知 为了维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证会议 的顺利进行，根据《中华人民共和国公司法》、《中华人民共和国证券法》、《上市公 司股东会规则》、《深圳市财富趋势科技股份有限公司章程》以及《深圳市财富趋势 科技股份有限公司股东会议事规则》等相关规定，特制定深圳市财富趋势科技股份 有限公司（以下简称"公司"）2026 年第一次临时股东会会议须知： ...

Group 1 - The core viewpoint of the news is that Wealth Trend's stock has experienced fluctuations, with a recent decline of 2.10% and a total market capitalization of 37.91 billion yuan [1] - As of January 15, the stock price is reported at 148.02 yuan per share, with a trading volume of 365 million yuan and a turnover rate of 0.95% [1] - Year-to-date, Wealth Trend's stock has increased by 11.87%, with a 4.22% rise over the last five trading days and a 16.24% increase over the last 20 days [1] Group 2 - Wealth Trend, established on January 25, 2007, is a key supplier of domestic securities trading system software and information services, primarily serving financial institutions [2] - The company's revenue composition includes software service income at 44.78%, securities information service income at 28.94%, and software sales income at 26.22% [2] - As of September 30, the number of shareholders has increased by 22.95% to 24,200, while the average circulating shares per person decreased by 18.66% to 10,603 shares [2] Group 3 - Wealth Trend has distributed a total of 463 million yuan in dividends since its A-share listing, with 263 million yuan distributed in the last three years [3] - As of September 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited and Hua Bao Zhong Zheng Financial Technology Theme ETF, with respective holdings of 1.5947 million shares and 1.2029 million shares [3] - The South China Securities 500 ETF has reduced its holdings by 19,200 shares, while the China Europe Science and Technology Innovation Theme Mixed Fund has exited the top ten circulating shareholders list [3]

Core Viewpoint - The internet finance sector is experiencing significant growth, with multiple companies reaching new highs and hitting trading limits [1] Group 1: Company Performance - Lakala and Junzheng Group both hit the trading limit, indicating strong market performance [1] - Tonghuashun saw an increase of over 10%, reaching a historical high [1] - Other companies such as Sifang Jingchuang, Huijin Co., Great Wisdom, Wealth Trend, and Guiding Compass all experienced gains of over 5% [1]

Macroeconomic Insights - The US unemployment rate fell to 4.4% in December, down from a revised 4.5% in November, indicating a temporary halt in concerns over job market deterioration[11] - The US manufacturing PMI declined while the services PMI increased, reflecting mixed economic signals[7] - Consumer confidence in the US continued to recover in January, with inflation expectations slightly rising[7] Market Trends - Risk assets generally rose in the week of January 2-9, 2026, with major economies' stock markets and commodity prices increasing[7] - The 10-year US Treasury yield rose by 5.7%, while domestic 10Y government bond futures prices fell by 0.1%[7] - The dollar index increased by 0.7%, with the USD/CNY exchange rate at 6.98, indicating a slight appreciation of the yuan[7] Sector Performance - The AI application sector is expected to see significant growth, with a projected compound annual growth rate (CAGR) of over 35% for the AI industry and over 63% for the large model market[23] - The consumer electronics sector, particularly smart glasses, is experiencing rapid growth, with a projected 110% year-on-year increase in global shipments in the first half of 2025[38] Investment Recommendations - It is advised to overweight A/H shares due to multiple factors supporting Chinese equity performance, including an expected expansion of the fiscal deficit and a more aggressive economic policy[18] - Gold is recommended for overweight allocation due to its strong resilience and safe-haven attributes amid rising geopolitical uncertainties[20] - The report suggests a cautious approach to oil investments, recommending a lower allocation due to expected price pressures from geopolitical events and US policy directions[20]

Investment Rating - The investment rating for the company is "Accumulate" with a target price of 181.08 CNY per share [6][12]. Core Insights - The report highlights that the current market is active, and the company's future performance is expected to improve due to its focus on AI-enabled product advancements, which enhances its market competitiveness [2]. - The company is a leading provider in the securities trading system software market, primarily serving domestic securities firms with core products such as market analysis systems and trading systems [12]. - The report forecasts the company's net profit attributable to shareholders for 2025-2027 to be 335 million, 357 million, and 385 million CNY, respectively, with corresponding EPS estimates of 1.31, 1.39, and 1.50 CNY [12]. Financial Summary - Total revenue is projected to be 435 million CNY in 2023, decreasing to 389 million CNY in 2024, and then increasing to 429 million CNY in 2025, 465 million CNY in 2026, and 505 million CNY in 2027, reflecting a growth rate of 35.2% in 2023 and a decline of 10.5% in 2024 [4]. - Net profit attributable to shareholders is expected to be 311 million CNY in 2023, slightly decreasing to 304 million CNY in 2024, and then increasing to 335 million CNY in 2025, 357 million CNY in 2026, and 385 million CNY in 2027, with a growth rate of 102.4% in 2023 [4]. - The company's return on equity (ROE) is projected to be 9.1% in 2023, decreasing to 8.4% in 2024, and then gradually increasing to 9.0% by 2027 [4]. Market Data - The company's market capitalization is approximately 36.377 billion CNY, with a total share count of 256 million shares [7]. - The stock price has ranged between 96.68 CNY and 180.13 CNY over the past 52 weeks [7]. Competitive Position - The company has a strong competitive position in the market, with its securities trading system being a core product and facing limited competition from firms like Tonghuashun and Dazhihui [12]. - The company has successfully integrated AI capabilities into its products, enhancing its offerings and adapting to the evolving market demands [12].

Group 1 - The company has approved the use of temporarily idle raised funds for cash management, with a limit of up to RMB 120 million, to enhance the efficiency of fund utilization while ensuring the progress of investment projects and the safety of funds [2][17][19] - The cash management will involve investing in high-security, liquid financial products such as structured deposits and large certificates of deposit, and the funds can be used in a rolling manner within a 12-month period [7][8][10] - The company aims to lower financial costs and increase cash asset returns through this cash management strategy, benefiting both the company and its shareholders [6][14] Group 2 - The company raised a total of RMB 1,790.52 million from its initial public offering, with a net amount of RMB 1,713.93 million after deducting issuance costs [3][25] - The raised funds are primarily allocated to projects including the "Tongdaxin Open Artificial Intelligence Platform Project" and the "Tongdaxin Visualization Financial Research Terminal Project" [4][26] - The company has decided to conclude certain investment projects and use the remaining funds for permanent working capital, totaling RMB 240.48 million, which will support daily operations [24][29][30] Group 3 - The company has established a three-party supervision agreement with its sponsor and the bank managing the raised funds to ensure proper management and protection of investor rights [3][25] - The company will disclose the details of its cash management activities in accordance with regulatory requirements to maintain transparency [11][19] - The sponsor, China Galaxy Securities, has provided a clear verification opinion on the company's cash management plan, confirming compliance with relevant regulations [19][20]

Core Viewpoint - The company announced the resignation of its core technical personnel, Mr. Bao Wei, due to personal health reasons, and he has completed the necessary procedures for his departure [2] Company Summary - Mr. Bao Wei will no longer hold any position within the company following his resignation [2]

Group 1 - The company, Wealth Trend, announced that it will hold its first extraordinary shareholders' meeting on January 26, 2026, at 14:00 [1]

证券日报网讯 1月8日，财富趋势发布公告称，公司于2026年1月8日召开了第六届董事会第四次会议， 审议通过了《关于部分募投项目结项并将节余募集资金用于永久补充流动资金的议案》，同意公司募投 项目"通达信可视化金融研究终端项目"和"通达信开放式人工智能平台项目"结项并将该项目节余的募集 资金用于永久补充流动资金，用于公司日常生产经营活动。本事项尚需提交公司股东会审议。 （文章来源：证券日报） ...