Core Insights - The company has officially launched its self-developed enterprise intelligent operating system product, allmeta, in response to the national strategy for self-control and the trend of AI-native technology development [4] - Allmeta aims to facilitate the transition of enterprises from traditional "record systems" to real-time perception and rapid decision-making "intelligent operation" paradigms, providing new solutions for digital and intelligent upgrades [4] Group 1: Product and Technology - Allmeta is positioned as an Enterprise Operating System (EOS) and integrates Agentic AI architecture, with a product system that includes allmeta Ecore, allmeta Ontology, and allmeta Agentic [2] - The three-layer system of "foundation-cognition-execution" allows for a closed loop where data nourishes ontology, ontology drives actions, and actions feedback into data, creating a sustainable "intelligent flywheel" [2] - The company will deepen its collaboration with Huawei to build a fully autonomous and controllable technology foundation, focusing on the energy and power industry to create a new model of "replacement as upgrade" [2][3] Group 2: Strategic Focus - The company will firmly advance its full-stack, full-scenario AI strategy, focusing on breakthroughs in AI Harmony and AI ERP, aiming to create a domestic computing infrastructure that empowers the integration of electricity and computing [3] - Allmeta products are being developed to serve as the semantic infrastructure for enterprises and a token value hub, with the goal of surpassing traditional ERP systems [3]

Core Viewpoint - China Software International has officially launched its self-developed enterprise intelligent operating system product, allmeta, in response to the national strategy for self-reliance and the development trend of AI native technology [1][2] Group 1: Product Overview - allmeta is positioned as an Enterprise Operating System (EOS) and serves as the architect and integrator of AgenticAI [1] - The product system includes allmetaEcore, allmetaOntology, and allmetaAgentic, which work together to create a closed-loop system for data nourishment, action driving, and feedback [1] Group 2: Technical Features - allmeta is driven by "meta-core" to build a digital intelligence foundation for the AI era, addressing fundamental issues of AI understanding and invocation [2] - The system aims for high availability and flexible scalability through metadata pathways, real-time intelligence pathways, and cloud-native pathways [2] Group 3: Strategic Partnerships and Industry Focus - The company will deepen its collaboration with Huawei to build a fully autonomous and controllable technology foundation, focusing on the energy and power industry [2] - Partnerships with foundational large models like Kimi and MiniMax, as well as ecosystem partners like Guanqun, will help create an allmeta product platform ecosystem [2] Group 4: Future Directions - The company is committed to advancing a full-stack, all-scenario AI strategy, focusing on breakthroughs in AI Harmony and AI ERP [2] - The goal is to create a domestic computing power infrastructure that empowers the integration of computing and electricity, positioning allmeta as a semantic infrastructure and token value hub for enterprises [2]

Core Viewpoint - The company has launched its self-developed enterprise intelligent operating system product, allmeta, in response to national strategies and AI technology trends, aiming to facilitate the digital transformation of enterprises from traditional systems to intelligent operations [1][2]. Group 1: Product Overview - allmeta is positioned as an Enterprise Operating System (EOS) and serves as the architect and integrator of Agentic AI [2]. - The product system includes allmeta Ecore, allmeta Ontology, and allmeta Agentic, creating a closed-loop system that integrates data, cognition, and execution [2]. - The three-layer system of "base-cognition-execution" allows for high-quality data to nourish the Ontology, which drives actions and updates the Object state, forming a continuous "intelligent flywheel" [2]. Group 2: Strategic Partnerships and Focus Areas - The company will deepen its collaboration with Huawei to build a fully autonomous and controllable technology foundation, focusing on the energy and power industry [2]. - Partnerships with foundational large models like Kimi and MiniMax, as well as ecosystem partners like Guanqun, will help create an allmeta product platform ecosystem [2]. - The company aims to jointly develop industry-specific intelligent products and services with industry partners to support enterprises in their digital transformation [2]. Group 3: Future Strategy - The company is committed to advancing a full-stack, all-scenario AI strategy, focusing on breakthroughs in AI Harmony and AI ERP [3]. - The goal is to create a domestic computing infrastructure that empowers the integration of computing and electricity, positioning allmeta as a semantic infrastructure and token value hub for enterprises [3]. - The ambition is to surpass traditional ERP systems with a comprehensive AI approach [3].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINASOFT INTERNATIONAL LIMITED 本公司欣然宣佈，近期，公司正式發佈自主研發的企業智能操作系統產品： allmeta。公司響應國家自主可控戰略、緊跟AI原生技術發展趨勢，打造新一代企 業智能操作系統allmeta，通過構建安全、可靠、可擴展、高性能的AI運行底座， 提供AI原生開發平臺，將專業AI能力整合、協同、嵌入業務本體，旨在推動企業 從傳統「記錄系統」向實時感知、快速決策的「智動運行」範式躍遷，為企業數字化 智能化升級提供全新解決方案。 1 allmeta定位為企業智能操作系統(EOS)，Agentic AI的架構者和整合者。產品體系 包括allmeta Ecore、allmeta Ontology、allmeta Agentic。ECore高品質數據滋養 Ontology語義化，形成可推理知識圖譜；Ontology作為認知地圖驅動Agentic感知 與行動；執行結果實 ...

Group 1 - Southbound funds reduced their holdings in China Software International (00354.HK) by 8.87 million shares on March 10 [1] - Over the past 5 trading days, southbound funds increased their holdings for 4 days, with a total net increase of 22.23 million shares [1] - In the last 20 trading days, there were 14 days of net increases in southbound fund holdings, totaling 72.90 million shares [1] - Currently, southbound funds hold 932 million shares of China Software International, accounting for 34.1% of the company's issued ordinary shares [1] Group 2 - China Software International Limited is an investment holding company providing global technology software and IT services [1] - The company operates through two main segments: Technology Professional Services and Internet Information Technology Services [1] - The primary business focuses on generative artificial intelligence (AIGC) development, large model software and hardware sales, and digital transformation consulting services for enterprise resource planning (ERP) [1] - Key products include the "Question Series" solutions, large model application integrated machines, and Lingxi AI application platform [1] - Services are provided to various sectors including water conservancy, transportation, government platforms, military, energy, education, and finance [1] - The company operates in both domestic and overseas markets [1]

公司名稱: 中軟國際有限公司 呈交日期: 2026年3月4日 I. 法定/註冊股本變動 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | | --- | | 2026年2月28日 | | 狀態: | | 新提交 | 致：香港交易及結算所有限公司 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00354 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.05 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.05 | HKD | | ...

Group 1 - The core viewpoint of the article highlights the recent trading activity of southbound funds in China Software International (00354.HK), indicating a reduction of 2.756 million shares on March 2, while also noting a net increase of 12.464 million shares over the past five trading days [1] - Over the last 20 trading days, southbound funds have increased their holdings in China Software International for 13 days, resulting in a total net increase of 54.99 million shares [1] - As of now, southbound funds hold 913 million shares of China Software International, which accounts for 33.39% of the company's total issued ordinary shares [1] Group 2 - China Software International Limited is an investment holding company that provides global technology software and information technology services [1] - The company operates through two main segments: technology professional services and internet information technology services [1] - Its primary business focuses on the development of generative artificial intelligence (AIGC), sales of large model software and hardware, and digital transformation consulting services for enterprise resource planning (ERP) [1] - Key products include the "Question Series" solutions, large model application integrated machines, and the Lingxi AI application platform [1] - The company serves various sectors including water conservancy, transportation, government platforms, military, energy, education, and finance, operating in both domestic and international markets [1]

Investment Rating - The industry investment rating is "Buy" [4] Core Insights - The report highlights a significant increase in the weekly token usage of Chinese AI large models, surpassing that of the US for the first time, indicating a shift from "technology catch-up" to "application landing" [16][17] - The performance of domestic AI large models has improved significantly, with models like GLM-5 and MiniMax M2.5 closing the gap with international leaders, showcasing strong cost-performance advantages [30][35] - The rapid adoption of AI-assisted programming tools is driving token consumption, with companies like Anthropic experiencing substantial revenue growth due to high demand in software development scenarios [45][50] Summary by Sections Section 1: Token Usage Growth - From February 16 to February 22, 2026, the weekly token usage of Chinese AI large models reached 5.16 trillion, a 127% increase over three weeks, while US models dropped to 2.7 trillion [16][17] - The market for enterprise-level large models in China is showing a clear trend towards concentration, with the top three models accounting for 71.8% of daily usage by the second half of 2025 [17] Section 2: Performance and Cost-Effectiveness of Domestic Models - Domestic models like GLM-5, Qwen-3.5, and MiniMax M2.5 have entered the global top tier, with GLM-5 recognized as a benchmark in the open-source category [30][34] - The cost of API calls for domestic models is significantly lower than that of international counterparts, enhancing their attractiveness to developers and enterprises [24][35] Section 3: Coding and Agent Development - The report emphasizes that AI models like Claude from Anthropic dominate the coding space, with a 54% market share in AI coding tools, leading to a surge in revenue from $1 billion at the beginning of 2025 to $14 billion by February 2026 [45][49] - Domestic AI coding tools are rapidly evolving, with companies like ByteDance and Alibaba developing products that automate the entire software development process [50][52] Section 4: Investment Opportunities - The report suggests focusing on three investment dimensions: computing power (e.g., Cambrian, Inspur), tool software (e.g., Eazy Information, Star Ring Technology), and model and vertical applications (e.g., Zhiyuan, MiniMax, and others) [8][9]

Group 1 - Southbound funds increased their holdings in China Software International (00354.HK) by 11.508 million shares on February 26 [1] - Over the past 5 trading days, there were 4 days of net increases in holdings by southbound funds, totaling 13.884 million shares [1] - In the last 20 trading days, there were 13 days of net increases, amounting to 53.928 million shares [1] Group 2 - China Software International is a global technology software and IT services investment holding company [1] - The company operates through two main segments: Technology Professional Services and Internet Information Technology Services [1] - The primary business focuses on generative artificial intelligence (AIGC) development, large model hardware and software sales, and digital transformation consulting services for enterprise resource planning (ERP) [1] Group 3 - Major products include the "Question Series" solutions, large model application integrated machines, and Lingxi AI application platform [1] - The company provides services to various sectors including water conservancy, transportation, government platforms, military, energy, education, and finance [1] - The company operates in both domestic and international markets [1]

Group 1 - The board of China Software International (00354.HK) will hold a meeting on March 26, 2026, to discuss the annual report and audited financial statements for the year ending December 31, 2025 [1] - The meeting will also consider the declaration of a final dividend, if any [1] - Additionally, the board will discuss the potential suspension of share transfer registration procedures, if necessary [1] - Other business matters will also be addressed during the meeting [1]