17 February 2026 | 9:05AM HKT Equity Research China Software: Dec revenues slowed to 11.7% YoY while MoM increase; Accelerated roll-out of Gen-AI models to drive applications China software industry growth in December was +11.7% YoY (vs. Nov/ Oct 2025 at +14.6%/ 14.9% YoY), with both YoY and MoM growth, leading to aggregate 2025 revenues +13.2% YoY (vs. 2024 at 10.0% YoY). Due to weak seasonality and CNY, we expect to see QoQ decline in 1Q26 and sequential growth ahead. However, we see an accelerated roll-o ...

| 股票简称 | 股票代码 | 限售股类型 | 解禁股数 | | --- | --- | --- | --- | | 泸州老窖 | 000568 | 股权激励限售流通 | 204.25万 | | 中航西飞 | 000768 | 股权激励限售流通 | 436.06万 | | 湖北能源 | 000883 | 股权激励限售流通 | 1927.79万 | | 金陵药业 | 000919 | 股权激励限售流通 | 192万 | | 广济药业 | 000952 | 股权激励限售流通 | 252.09万 | | 中国软件 | 600536 | 股权激励限售流通 | 5.72万 | | 新华医疗 | 600587 | 股权激励限售流通 | 178.45万 | | 宝信软件 | 600845 | 股权激励限售流通 | 1025.78万 | | 中国中铁 | 601390 | 股权激励限售流通 | 5593.38万 | | 中国交建 | 601800 | 股权激励限售流通 | 559.3万 | | 星网锐捷 | 002396 | 股权激励限售流通 | 283.42万 | | 罗普斯金 | 002333 | 增发A股法人配售上市 ...

Core Viewpoint - The company, China Software, is focusing on digital tax solutions and expanding its business in various sectors, including cloud computing and domestic operating systems, while maintaining a strong market position in the software industry [2][4]. Group 1: Business Operations - The company has successfully ensured the stable operation of key business systems such as core tax management and electronic tax services during the reporting period [2]. - It is expanding its access control business and has developed a foundational version based on the domestic innovation system, establishing core technical barriers [3]. - The company possesses a complete business chain from operating systems to application systems, covering critical sectors like finance, energy, and transportation [3]. Group 2: Financial Performance - For the period from January to September 2025, the company achieved a revenue of 3.198 billion yuan, representing a year-on-year growth of 9.50%, while the net profit attributable to shareholders was -104 million yuan, showing a significant increase of 69.18% [9]. - The company's main business revenue composition includes industry solutions (42.43%), proprietary software products (33.08%), and service-oriented business (23.86%) [8]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased to 160,200, with an average of 5,265 circulating shares per person, a decrease of 2.52% from the previous period [9]. - The top ten circulating shareholders include significant entities such as Hong Kong Central Clearing Limited and Southern CSI 500 ETF, with notable changes in their holdings [10].

中国软件与技术服务股份有限公司 2026 年第一次临时股东会会议资料 二〇二六年三月二日 | | | | 三、关于 | 2026 | | | | --- | --- | --- | --- | | | | 年日常关联交易预计的议案 | | | | | | 4 | 中国软件与技术服务股份有限公司 2026 年第一次临时股东会会议资料 一、会议议程 会议时间： 现场会议召开日期和时间：2026年3月2日 14:30开始 网络投票日期和时间：采用上海证券交易所网络投票系统，通过交易系统投 票平台的投票时间为3月2日9:15-9:25，9:30-11:30，13:00-15:00；通过互联网 投票平台的投票时间为3月2日9:15-15:00 现场会议地点： 北京市海淀区学院南路 55 号中软大厦 C 座 1 层第一会议室 2 （一）主持人宣布会议开始，并说明本次股东会的出席情况； （二）宣读会议议案： 1. 关于 2026 年日常关联交易预计的议案 （三）股东发言、提问； （四）董事、高级管理人员回答问题； （五）投票表决； （六）统计各项议案的现场表决结果； （七）将现场投票数据上传至网络投票系统； （八）下载网络 ...

Group 1 - The core viewpoint of the article highlights that southbound funds have increased their holdings in China Software International (00354.HK) by 916,000 shares on February 10, with a total net increase of 33.596 million shares over the last five trading days [1] - Over the past 20 trading days, southbound funds have increased their holdings on 14 days, resulting in a cumulative net increase of 61.662 million shares [1] - As of now, southbound funds hold 899.7 million shares of China Software International, accounting for 32.82% 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] - The primary business of the company 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) models [1] - Key products include the "Question Series" solutions, large model application integrated machines, and the Lingxi AI application platform [1] - The company provides services primarily to sectors such as water conservancy, transportation, government platforms, military, energy, education, and finance, operating in both domestic and overseas markets [1]

Group 1 - The company will hold its first extraordinary general meeting of shareholders in 2026 on March 2 at 14:30 [1] - The meeting will be conducted using a combination of on-site and online voting through the Shanghai Stock Exchange's shareholder meeting voting system [3][4] - Shareholders can vote online from 9:15 to 15:00 on the day of the meeting [1][3] Group 2 - The meeting will take place at the company's headquarters located at No. 55, Xueyuan South Road, Haidian District, Beijing [3] - Shareholders must register to attend the meeting, with registration available on February 27, 2026 [11] - The company will provide contact information for inquiries related to the meeting [12] Group 3 - The company has proposed to convene the extraordinary general meeting to review the expected daily related party transactions for 2026 [34] - The expected daily related party transactions are necessary for the company's normal operations and will not harm the interests of the company or minority shareholders [38] - The company will sign specific contracts with related parties based on actual business conditions after obtaining approval from the shareholders' meeting [38][46]

Group 1 - The core viewpoint of the article highlights that China Software (600536) has successfully supported various aerospace operations with its operating system during a critical mission period [1] - The operating system, named "Silver River Kirin," demonstrated stable performance and excellent capabilities [1] - It provided technical support for multiple key facilities including satellite launch centers, flight control centers, satellite measurement and control centers, measurement fleets, and various measurement and control stations [1]

中信证券股份有限公司（以下简称"中信证券"、"保荐人"）作为中国软件与 技术服务股份有限公司（以下简称"中国软件"、"公司"）2024年度向特定对象发 行股票的保荐人，根据《证券发行上市保荐业务管理办法》《上市公司募集资金 监管规则》《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监 管指引第1号——规范运作》《上海证券交易所上市公司自律监管指引第11号— —持续督导》等有关规定，对中国软件2026年日常关联交易预计的事项进行了核 查，核查情况及核查意见如下： 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 2026年2月10日公司召开第八届董事会第二十九次会议，对《关于2026年日 常关联交易预计的议案》进行了审议，关联董事谌志华先生、周在龙先生、张尼 先生按照有关规定回避表决，其他非关联董事一致同意并通过了该议案。公司独 立董事专门会议审议通过该议案。本关联交易还须公司股东会批准，关联股东将 回避表决。 1 中信证券股份有限公司关于 中国软件与技术服务股份有限公司 2026年日常关联交易预计的核查意见 关 联 交 易 类 别 关联人 2025 年 预计金额 （万元） 2025 年 1 ...

中国软件与技术服务股份有限公司 董事会薪酬与考核委员会实施细则 第一章 总 则 第一条 为进一步健全公司董事（非独立董事）及高级管理 人员的考核和薪酬管理制度，完善公司治理结构，根据《公司法》 《上市公司治理准则》《上市公司独立董事管理办法》《公司章程》 及其他有关规定，制定本实施细则。 第二条 薪酬与考核委员会是董事会下设的专门委员会，对 董事会负责，向董事会报告工作。 第六条 薪酬与考核委员会设主任委员（召集人）一名，由 独立董事委员担任，负责主持委员会工作。 第七条 薪酬与考核委员会任期与董事会任期一致，委员任 1 期届满，连选可以连任，但独立董事连续任职不得超过六年。期 间如有委员不再担任公司董事职务，自动失去委员资格，并由董 事会根据上述第四至第六条规定补足委员人数。 第八条 薪酬与考核委员会下设工作组，专门负责提供公司 有关经营方面的资料及被考评人员的有关资料，负责筹备薪酬与 考核委员会会议并执行薪酬与考核委员会的有关决议。 第三章 职责权限 第三条 本细则所称董事是指在本公司支取薪酬的董事长、 董事，高级管理人员是指董事会聘任的总经理、高级副总经理、 财务负责人、董事会秘书、总法律顾问及由董事会 ...

中国软件与技术服务股份有限公司 董事会提名委员会实施细则 第一章 总 则 第一条 为规范公司领导人员的产生，优化董事会组成，完 善公司治理结构，根据《公司法》《上市公司治理准则》《上市公 司独立董事管理办法》《公司章程》及其他有关规定，结合公司 实际情况，制定本实施细则。 第二条 提名委员会是董事会下设的专门委员会，对董事会 负责，向董事会报告工作。 第三条 本细则所称董事是指在本公司担任董事长、董事职 务的人员，高级管理人员是指董事会聘任的总经理、高级副总经 理、财务负责人、董事会秘书、总法律顾问和由董事会认定的其 他高级管理人员，外派高管是指由公司推荐至重要子公司担任董 事长、总经理等职务的人员。 第二章 人员组成 第四条 提名委员会成员由三至七名董事组成，独立董事占 多数。 第五条 提名委员会委员由董事长、二分之一以上独立董事 或者全体董事的三分之一提名，并由董事会选举产生。 第六条 提名委员会设主任委员（召集人）一名，由独立董 事委员担任，负责主持委员会工作。 - 1 - 第七条 提名委员会任期与董事会任期一致，委员任期届满， 连选可以连任，但独立董事连续任职不得超过六年。期间如有委 员不再担任公司董 ...