换股方案落定，湘财股份、大智慧双双“一字涨停”

Group 1 - The core point of the news is the merger between Xiangcai Co. and Dazhihui, where Xiangcai will absorb Dazhihui through a share swap, leading to Dazhihui's delisting and dissolution [1][2] - Xiangcai Co. will issue 22.94 billion shares at a swap ratio of 1:1.27, increasing its total share capital to 51.53 billion shares [1] - Post-merger, Xiangcai's controlling shareholder New Lake Holdings' stake will dilute from 40.37% to 22.4%, while Dazhihui's controlling shareholder will hold 17.28% of Xiangcai [1][2] Group 2 - Xiangcai Co. is primarily engaged in the securities service industry, while Dazhihui is a leading financial information service provider with over 10 million monthly active users [2] - For the first three quarters of 2024, Xiangcai reported a revenue of 1.549 billion, down 16.52% year-on-year, and a net profit of 146 million, down 2.93% [2] - Dazhihui's revenue for the same period was 518 million, down 5.42% year-on-year, with a net loss of 201 million, indicating a shift from profit to loss [2]