Group 1 - The core project "Future Gate" by China Soft International is aimed at establishing a digital and intelligent information technology innovation ecosystem in Changping District, promoting high-quality development of the digital economy [1][5] - The project will focus on six key areas: intelligent cloud, ERP, HarmonyOS, AIGC (Artificial Intelligence Generated Content), trusted computing, and smart vehicles, leveraging the company's extensive experience in cloud intelligence and big data [3][5] - The project will create a "Strategic Partner Space" and "AI + Industry Incubator" to foster micro-clusters of industries in sectors such as energy, finance, smart manufacturing, healthcare, education, and public services, facilitating the transformation of technological achievements [3][5] Group 2 - Changping District has actively integrated into Beijing's global digital economy benchmark city construction, with 435 core digital economy enterprises and recognition as a national pilot city for small and medium-sized enterprises' digital transformation [5] - The project site, Zhuxinzhuang Smart Innovation Port, is a core area for digital economy in Changping, already housing major companies like Xiaomi and Unisplendour [5] - The establishment of the China Soft International headquarters is expected to enhance the digital economy industry chain in Changping, driving continuous development of upstream and downstream enterprises through innovation collaboration and industry empowerment [5]

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: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中軟國際有限公司 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 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 | | 200,000,000 | 本月底法定/註冊股 ...

Group 1 - The Hong Kong stock market saw significant gains in the SaaS sector, with notable increases in stock prices for several companies [1] - Lion Group Holdings (02562.HK) experienced a rise of 10.8%, reaching HKD 1.95 [1] - Kingdee International (00268.HK) increased by 5.04%, trading at HKD 13.95 [1] - Huily Technology (01860.HK) saw a gain of 4.71%, with shares priced at HKD 15.99 [1] - Chinasoft International (00354.HK) rose by 3.62%, with a stock price of HKD 5.15 [1]

Group 1 - SaaS concept stocks showed significant gains in early trading, with Lion Group (02562) rising by 8.52% to HKD 1.91 [1][3] - Kingdee International (00268) increased by 6.85%, reaching HKD 14.20 [1][3] - Huoliang Technology (01860) saw a rise of 5.89%, trading at HKD 16.18 [1][3] - Chinasoft International (00354) climbed by 4.63%, priced at HKD 5.20 [1][3]

Group 1 - The SaaS sector is experiencing significant stock price increases, with notable gains from companies such as Lion Group (10.8% increase), Kingdee International (5.04% increase), and Huily Technology (4.71% increase) [1] - Meta announced a multi-billion dollar acquisition of Manus, a company that has achieved an annual recurring revenue (ARR) of over $100 million, marking it as the fastest startup to reach this milestone [1] - Dongwu Securities highlights that Meta's acquisition indicates a revaluation of AI agents, suggesting that market funds are likely to concentrate on companies with real-world applications and sustainable subscription revenues [1] Group 2 - Northeast Securities released a report emphasizing the shift from traditional SaaS to agent-based models, where vertical software giants are restructuring workflows by leveraging AI [1] - This transition is expected to transform AI from a peripheral tool into a core productivity engine, significantly enhancing research and operational efficiency [1] - The report suggests that this shift will allow companies to capture the largest benefits following the foundational investment in computing power [1]

Core Viewpoint - Recent data indicates a significant reduction in southbound capital holdings in China Software International (00354.HK), with a total net reduction of 5.698 million shares over the past 20 trading days, suggesting a trend of decreasing investor confidence in the company [1] Group 1: Southbound Capital Activity - Southbound capital reduced holdings by 56,000 shares on December 17 [1] - In the last 5 trading days, there were 4 days of net reductions, totaling 5.298 million shares [1] - Over the past 20 trading days, there were 17 days of net reductions, amounting to 56.92 million shares [1] Group 2: Company Overview - China Software International is a global technology software and IT services investment holding company [1] - The company operates through two main divisions: Technical Professional Services and Internet Information Technology Services [1] - Key business areas include generative artificial intelligence (AIGC) development, large model software and hardware sales, and digital transformation consulting for enterprise resource planning (ERP) [1] Group 3: Major Products and Services - Major products include the "Question Series" solutions, large model application integrated machines, and Lingxi AI application platform [1] - Services are primarily provided to sectors such as water conservancy, transportation, government platforms, military, energy, education, and finance [1] - The company operates in both domestic and international markets [1]

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 | | | 致：香港交易及結算所有限公司 公司名稱: 中軟國際有限公司 呈交日期: 2025年12月4日 I. 法定/註冊股本變動 | 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 | | 200,000,000 | 本月底法定/註冊股本總額： HKD 200,000,00 ...

Group 1 - The core point of the news is that southbound funds have reduced their holdings in China Software International (00354.HK) by 2.61 million shares on December 3, 2025, marking a total net reduction of 17.65 million shares over the past five trading days and 39.52 million shares over the last twenty trading days [1][2] - As of now, southbound funds hold 855 million shares of China Software International, which accounts for 31.36% of the company's total issued ordinary shares [1][2] Group 2 - China Software International is an investment holding company that provides global technology software and information technology services, operating through two main divisions: technical professional services and internet information technology services [2] - The company's main business includes the research and development of generative artificial intelligence (AIGC), sales of large model hardware and software, and digital transformation consulting services for enterprise resource planning (ERP) models [2] - Key products offered by the company include the "Question Series" solutions, large model application integrated machines, and the Lingxi AI application platform, serving sectors such as water conservancy, transportation, government platforms, military, energy, education, and finance [2]

Core Viewpoint - Southbound funds have reduced their holdings in China Software International (00354.HK) significantly, indicating a trend of net selling over recent trading days [1][2]. Group 1: Shareholding Changes - On December 1, 2025, southbound funds reduced their holdings by 3.284 million shares, a decrease of 0.38% [2]. - Over the past five trading days, there have been reductions in holdings for five days, totaling a net decrease of 30.188 million shares [1]. - In the last twenty trading days, there were thirteen days of reductions, with a cumulative net decrease of 34.036 million shares [1]. Group 2: Company Overview - China Software International is an investment holding company that provides global technology software and IT services [2]. - The company operates through two main divisions: Technical Professional Services and Internet Information Technology Services [2]. - Its primary business includes the development of generative artificial intelligence (AIGC), sales of large model software and hardware, and digital transformation consulting services for enterprise resource planning (ERP) [2]. - The company offers products such as the "Question Series" solutions, large model application integrated machines, and Lingxi AI application platforms [2]. - Services are provided to various sectors including water conservancy, transportation, government platforms, military, energy, education, and finance, operating in both domestic and international markets [2].

Summary of Conference Call for Zhongsoft International Company Overview - Zhongsoft International is a key player in the development and deployment of the Harmony operating system, focusing on both B-end and C-end markets. The company has established partnerships with various hardware manufacturers and is actively involved in smart city projects and AI applications. Key Points Industry and Company Involvement - Zhongsoft International has a significant stake in Deep Kaihong, which recently completed a Series B financing round with a post-investment valuation of 5.4 billion yuan, planning to list on the Sci-Tech Innovation Board in 2026 [2][3] - The company is heavily investing in smart city projects, with planned investments in Xi'an of over 10 billion to 20 billion yuan annually for the next three years, and approximately 10.5 billion yuan in Longgang District, Shenzhen [2][3] Harmony Operating System Developments - Zhongsoft International holds over 60% of the contract share for Huawei's Harmony OS, with device connections reaching 1.19 billion units. Revenue from native application migration is expected to reach 400 to 500 million yuan by the end of the year, excluding Huawei's outsourcing projects [2][3][8] - The company plans to collaborate with hardware manufacturers like Loongson and Yisiwei to create an integrated model of chips, operating systems, and ecosystems, aiming for a scale of interconnected devices in the hundreds of billions [2][4] AI and Business Growth - The AI and Harmony business revenue is projected to double year-on-year by 2025, reaching approximately 2 billion yuan, primarily through computing power leasing, domestic patent sales, and the AI Agent platform [2][6] - Zhongsoft International is developing an atomic service platform in collaboration with cultural tourism departments, which has already generated revenue in 2025 [5] Market Strategy and Competition - The Harmony virtual machine is currently free for C-end users, with plans to commercialize it for B-end clients alongside PC hardware launches in 2026 [7] - The company has a competitive edge in the open-source Harmony field due to its founding team from Huawei, leading code contributions, and extensive application capabilities across various sectors [9] Future Projections and Industry Trends - The company anticipates significant growth in the Harmony ecosystem by 2026, driven by government support and a focus on B-end device replacements in sectors like military and public security [12] - Zhongsoft International aims to become a core application supplier, leveraging new business opportunities through its atomic traffic platform [10] Additional Insights - The company is actively involved in AR and AI integration, enhancing operational efficiency and reducing costs through AI assistants in various industries [14][16] - Zhongsoft International is positioned to benefit from national policies promoting the development of domestic operating systems, with Harmony OS being specifically highlighted [11] This summary encapsulates the critical insights and developments discussed during the conference call, highlighting Zhongsoft International's strategic initiatives and market positioning within the Harmony operating system landscape.