7月17日，截至港股收盘，恒生指数下跌0.08%，报24498.95点。中国软件国际（00354.HK）收报5.75港 元/股，上涨12.75%，成交量3.96亿股，成交额22.35亿港元，振幅19.61%。 最近一个月来，中国软件国际累计涨幅0.99%，今年来累计跌幅0.71%，跑输恒生指数22.22%的涨幅。 财务数据显示，截至2024年12月31日，中国软件国际实现营业总收入169.51亿元，同比减少0.97%；归 母净利润5.13亿元，同比减少28.1%；毛利率22.07%，资产负债率37.94%。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 本文源自：金融界 作者：行情君 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，软件服务行业市盈率（TTM）平均值为-10.97倍，行业中值-2.66倍。中国软件国际市盈 率25.16倍，行业排名第39位；其他驴迹科技（01745.HK）为3.68倍、京投交通科技（01522.HK）为 3.75倍、黄河实业（00318.HK）为5.33倍、自动系统（00771.HK）为5.53倍、禅游科技（02660.H ...

天眼查商业履历信息显示，中国软件与技术服务股份有限公司，成立于1994年，位于北京市，是一家以 从事软件和信息技术服务业为主的企业。企业注册资本94009.3188万人民币，实缴资本85017.0397万人 民币。公司法定代表人为谌志华。 金融界消息 截至2025年7月17日收盘，中国软件（600536）报收于46.74元，上涨2.82%，换手率 3.84%，成交量32.37万手，成交金额15.08亿元。 资金流向方面，今日主力资金净流入1.59亿元，占比成交额10.52%。其中，超大单净流入1.53亿元、占 成交额10.18%，大单净流入508.02万元、占成交额0.34%，中单净流出流出12705.06万元、占成交额 8.43%，小单净流出3149.84万元、占成交额2.09%。 中国软件最新一期业绩显示，截至2025一季报，公司营业总收入6.40亿元、同比减少8.85%，归属净利 润8062.50万元，同比增长27.20%，扣非净利润8219.75万元，同比增长33.20%，流动比率1.144、速动比 率0.935、资产负债率63.81%。 通过天眼查大数据分析，中国软件与技术服务股份有限公司共对外投资 ...

Investment Rating - The report does not explicitly state an investment rating for the intelligent software development industry Core Insights - The intelligent software development industry focuses on developing and applying AI technologies to provide intelligent solutions that enhance business efficiency, optimize decision-making, and improve user experience. The industry is characterized by strong technological dependence, short product iteration cycles, and diverse cross-domain applications. China's robust capabilities in this field are driving continuous industry growth, with an expanding market size expected to continue [4][5][12] Industry Overview - The intelligent software development industry can be categorized into various application areas, including office software, embedded software, emerging technology software, information security software, and innovative software [5][10] - The market size of the intelligent software development industry is projected to grow from 1.4669 trillion RMB in 2019 to 2.8223 trillion RMB in 2024, with a compound annual growth rate (CAGR) of 13.98%. From 2025 to 2029, the market size is expected to increase from 3.1977 trillion RMB to 5.2693 trillion RMB, with a CAGR of 13.30% [31][32] Industry Characteristics - The industry exhibits strong technological dependence, with a reliance on diverse development tools and environments, including integrated development environments (IDEs), version control systems, and automated testing tools. As of April 2024, nearly 40 intelligent software development tools have been launched in China, showcasing the sector's technological vitality and innovation [13] - The product iteration cycle in the intelligent software development industry is short, allowing teams to quickly respond to market changes and user feedback, thereby enhancing user experience and satisfaction [14] - The industry demonstrates high diversity and cross-domain applications, with intelligent software being utilized in natural language processing, computer vision, voice recognition, autonomous driving, and financial analysis [15] Development Stages - The intelligent software development industry has evolved through four stages: 1. Emergence (1960-1969): Establishing the foundation for independent development and technological innovation 2. Initiation (1970-2000): The rise of independent database companies laid the groundwork for data processing and management 3. Rapid Growth (2001-2021): The industry began to focus on flexible, efficient, and responsive development methods 4. Maturity (2022-present): The industry has seen widespread penetration across various sectors, driving intelligent transformation and industrial upgrades [16][20] Industry Chain Analysis - The intelligent software development industry chain consists of three main segments: 1. Upstream: Hardware and basic software supply, including computer hardware, embedded chips, and operating systems 2. Midstream: Intelligent software development and research, covering demand research, design, coding, testing, and delivery 3. Downstream: Application and service sectors, including industry-specific software and intelligent solutions [21][22] Competitive Landscape - The market concentration in the intelligent software development industry is high, with leading companies such as iFLYTEK, Yonyou Network Technology, and Shanghai Baoxin Software in the first tier. The second tier includes China Software and Technology Service Corporation and Kingsoft Office Software, while the third tier consists of Beijing SuperMap Software and Inspur Software [38][39]

Summary of Conference Call Notes Industry Overview - The macroeconomic environment is influenced by multiple factors including national economic development, new productivity advancements, and national security concerns, with the ongoing US-China rivalry being a significant theme for the foreseeable future [1] - The focus on domestic autonomy and control is expected to create new opportunities in both software and hardware sectors, driven by national policies [1] Key Points on Software Sector - The software sector includes major areas such as large AI models, basic software (operating systems, databases), and industrial software (ERP, EDA, CAD) which have potential for domestic replacement [2][3] - Current domestic production of CPUs and GPUs is heavily reliant on foreign suppliers, with estimates indicating that 70-80% of server CPUs are sourced from Intel and AMD [2][3] - The domestic AI chip market is led by companies like Shenwei and Haiguang, with significant contributions from domestic models in the AI sector [3][4] Key Points on Hardware Sector - The hardware sector is primarily focused on core components like CPUs and GPUs, with a strong emphasis on domestic production capabilities [2][3] - The domestic CPU market is projected to have a substantial replacement space, with a market size exceeding 100 billion RMB [27] - The GPU market is also seeing potential for domestic alternatives, especially in light of US export controls affecting companies like NVIDIA and AMD [28][30] Policy and Market Dynamics - The US has intensified sanctions against China, particularly in advanced technology sectors, which has led to a tightening of export controls and tariffs [6][7][8] - The Chinese government is pushing for self-sufficiency in technology, with policies aimed at achieving autonomy in core technologies, including software and hardware [9][10] - The domestic market for AI servers is expected to grow significantly, with projections indicating that over 60% of AI server purchases will come from domestic sources by 2024 [10][11] Emerging Trends - The development of domestic operating systems, such as HarmonyOS, has gained traction, becoming the second-largest mobile OS in China, with a growing ecosystem of applications [12][18] - The shift towards distributed databases and cloud-based solutions is evident, with domestic companies like Alibaba and Tencent leading the market [21] - The industrial software sector is also evolving, with domestic firms capturing significant market shares in ERP and EDA solutions [23][24] Risks and Challenges - Potential risks include macroeconomic impacts on business demand, slower-than-expected development of large models and industries, and escalating US-China tensions [34] - The ongoing tariff and sanction environment poses uncertainties for the domestic technology sector, particularly in the CPU and GPU markets [15][16] Conclusion - The drive for self-sufficiency in technology is a critical aspect of the ongoing US-China rivalry, with significant implications for the software and hardware industries in China [33]

中国软件与技术服务股份有限公司 2025 年半年度业绩预告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 业绩预告的具体适用情形：净利润为负值 业绩预告相关的主要财务数据情况：预计 2025 年半年度实现归属于母公 司所有者的净利润-8,700 万元到-7,250 万元，将出现亏损；预计 2025 年半年度 实现归属于母公司所有者的扣除非经常性损益后的净利润-9,000 万元到-7,500 万元。 证券代码：600536 证券简称：中国软件 公告编号：2025-035 （二）每股收益：-0.32 元。 三、本期业绩变动的主要原因 公司预计 2025 年半年度亏损，主要是由于多数项目集中在下半年结算验收。 公司预计 2025 年半年度实现归属于母公司所有者的净利润与上年同期相比减亏 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日—2025 年 6 月 30 日 （二）业绩预告情况 经财务部门初步测算，预计 2025 年半年度实现归属于母公司所有者的净 利润-8,700 万元到-7,250 ...

中国软件（600536）公告，预计2025年半年度实现归属于母公司所有者的净利润-8700万元到-7250万 元，将出现亏损；预计2025年半年度实现归属于母公司所有者的扣除非经常性损益后的净利润-9000万 元到-7500万元。公司预计2025年半年度亏损，主要是由于多数项目集中在下半年结算验收。公司预计 2025年半年度实现归属于母公司所有者的净利润与上年同期相比减亏1.86亿元到2亿元。大幅减亏的主 要原因：公司聚焦主责主业；加大市场开拓力度，提升新签合同质量，加大项目交付力度；加强业财人 一体化管控，提高数字化管控能力，持续推进降本增效。 ...

Group 1 - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 14, 2025 [1] - The leading company by market capitalization is 台棋电 (Taiwan Semiconductor Manufacturing Company) with a valuation of 11,949.75 million [3] - Tencent Holdings ranks second with a market cap of 5,815.18 million, followed by Alibaba at 2,546.4 million [3][4] Group 2 - Xiaomi Group is ranked fourth with a market capitalization of 1,889.61 million, while Pinduoduo follows in fifth place with 1,489.35 million [3][4] - Meituan and NetEase are positioned sixth and seventh, with market caps of 929.41 million and 812.27 million respectively [3][4] - Other notable companies in the top 10 include 东方财富 (East Money) at 523.39 million and 中芯国际 (SMIC) at 476.15 million [4][5] Group 3 - The rankings continue with companies like 京东 (JD.com) at 448.31 million and 快手 (Kuaishou) at 356.11 million [4][5] - Baidu, 理想汽车 (Li Auto), and 贝壳 (Beike) are also included in the top 15, with market caps of 298.84 million, 296.08 million, and 221.89 million respectively [4][5] - The list concludes with 云费智联 (Yunfei Zhili) at 41.76 million, marking the 50th position [6]

截至2025年7月11日收盘，中国软件（600536）报收于46.1元，较上周的45.36元上涨1.63%。本周，中 国软件7月11日盘中最高价报46.78元。7月10日盘中最低价报44.75元。中国软件当前最新总市值433.38 亿元，在IT服务板块市值排名4/118，在两市A股市值排名324/5149。 为了更好地管理和使用募集资金，公司子公司麒麟软件有限公司在中国农业银行股份有限公司总行营业 部、招商银行股份有限公司北京分行营业部和中国民生银行股份有限公司北京朝阳门支行新增了三个募 集资金专用账户，分别用于移固融合终端操作系统产品研发、面向云化的服务器操作系统产品研发和嵌 入式操作系统能力平台建设项目，存储金额分别为993,086,375.12元、800,000,000.00元和200,000,000.00 元。 本周关注点 2025年7月7日，公司、麒麟软件及保荐人中信证券股份有限公司与上述三家银行签订了《募集资金专户 存储四方监管协议》，协议涵盖了募集资金专户的开设、资金用途、各方权利义务、信息披露、账户管 理及争议解决等内容，协议自各方法定代表人或授权代表签署并加盖公章之日起生效，直至账户资金全 ...

金融界7月11日消息，上证指数高开震荡，中证央企新动能主题指数 (央企新动能，931522)上涨0.5%， 报1629.68点，成交额195.8亿元。 据了解，中证央企新动能主题指数从国资委下辖央企上市公司中，选取45只制造、科技与现代服务业领 域涉及产业交叉渗透发展，且在研发投入、盈利能力、产业交叉与渗透和潜力等方面具有一定代表性的 上市公司证券作为指数样本，以反映央企新动能主题上市公司证券的整体表现。该指数以2014年12月31 日为基日，以1000.0点为基点。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 从指数持仓来看，中证央企新动能主题指数十大权重分别为：海康威视（9.61%）、长安汽车 （8.91%）、中航光电（7.0%）、深南电路（4.4%）、中航机载（4.05%）、中国软件（3.65%） ...

Core Insights - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 11, 2025, highlighting significant players in the industry [1]. Group 1: Top Companies by Market Capitalization - TSMC leads the list with a market capitalization of approximately $11,916.56 million [3]. - Tencent Holdings ranks second with a market capitalization of about $5,885.24 million [3]. - Alibaba is in third place with a market capitalization of around $2,544.49 million [3]. - Pinduoduo follows in fourth place with a market capitalization of $1,490.20 million [3]. - Meituan and NetEase are also notable, with market capitalizations of $947.31 million and $807.83 million, respectively [3][4]. Group 2: Additional Notable Companies - Semiconductor Manufacturing International Corporation (SMIC) has a market capitalization of $472.08 million, ranking eighth [4]. - JD.com and Tencent Music are positioned ninth and tenth, with market capitalizations of $450.04 million and $309.78 million, respectively [4]. - Baidu and Li Auto are also significant players, with market capitalizations of $304.03 million and $291.16 million [4]. Group 3: Emerging and Smaller Companies - Companies like Xpeng Motors and ZTO Express have market capitalizations of $166.15 million and $154.59 million, respectively [4]. - Other companies in the list include iFlytek with $149.34 million and Baosight Software with $95.10 million [4][5]. - The list also features companies like Kingdee International and Wancloud Data, with market capitalizations of $70.72 million and $67.09 million, respectively [5].