证券代码：600536 证券简称：中国软件 公告编号：2026-002 中国软件与技术服务股份有限公司 第八届董事会第二十九次会议决议公告 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个别及连带责任。 由于业务经营的需要，公司（含子公司）2026 年将与有关关联方发生多项与日常经营 相关的关联交易，为提高运营效率，同时也为保证公司的规范运作，根据《上海证券交易所 股票上市规则》以及《上海证券交易所上市公司自律监管指引第 5 号——交易与关联交易 （2025 年 3 月修订）》等有关规定，将 2026 年公司与主要关联方的日常关联交易进行预计， 具体情况详见《中国软件关于 2026 年日常关联交易预计的公告》。关联董事谌志华、周在 龙、张尼按照有关规定回避表决。 本议案经公司独立董事专门会议审议通过，全体独立董事同意本议案。 表决票数：同意 4 票，反对 0 票，弃权 0 票 一、董事会会议召开情况 （一）公司第八届董事会第二十九次会议的召开符合有关法律、行政法规、 部门规章、规范性文件和公司章程的规定。 （二）本次董事会会议通知和材料 ...

Group 1 - The core transaction details indicate that on February 10, a block trade of China Software involved 82,000 shares with a transaction value of 3.7367 million yuan, accounting for 0.84% of the total trading volume for that day [1][2] - The transaction price was 45.57 yuan, which remained unchanged compared to the market closing price of 45.57 yuan [1][2] - The buying and selling were conducted through Guotai Junan Securities Co., Ltd. headquarters, indicating a centralized trading activity [2]

格隆汇2月10日丨中国软件(600536.SH)在互动平台表示，在航天任务期间，银河麒麟操作系统运行稳 定、性能优良，为卫星发射中心、飞行控制中心、卫星测控中心、测量船队、各测控站点的业务系统提 供了技术支持。 ...

Core Insights - The narrative of "SaaSification" in the software industry is being fundamentally challenged by the rapid evolution of generative AI, leading to a reassessment of the standard SaaS model [1][2] - The high valuation premiums previously enjoyed by SaaS companies are diminishing as the market shifts focus from revenue growth to immediate cash flow and profitability [1][4] Group 1: Valuation Changes - UBS reports that the rapid iteration of large language models (LLMs) is prompting a fundamental reevaluation of the "standardized SaaS" model, with a shift from sales-based valuation to P/E or EV/FCF frameworks [1][7] - The transition in valuation paradigms has resulted in downgrades across the software sector, as companies are forced to provide more customized services, aligning their business models closer to low-margin IT services [2][4] Group 2: Profitability Concerns - Despite increased revenue growth in the Chinese software industry since early 2025, profit margins are declining, indicating that AI-driven demand is not directed towards standardized software products [8][9] - The need for extensive customization to meet vague customer demands is leading to a situation where revenue growth does not translate into profit margin expansion, potentially dragging down profitability [8][9] Group 3: Challenges in AI Monetization - UBS identifies three key bottlenecks in software companies' ability to monetize AI: insufficient AI capabilities, an immature digital ecosystem, and credibility issues regarding AI expertise compared to startups and cloud vendors [9][10] - The rapid release of new AI models every 2-3 months necessitates faster iteration and delivery from software companies, which complicates standardization and profit margin expansion [10]

证券之星消息，2月9日南向资金减持341.2万股中国软件国际（00354.HK）。近5个交易日中，获南向资 金增持的有4天，累计净增持3686.8万股。近20个交易日中，获南向资金增持的有14天，累计净增持 6502.4万股。截至目前，南向资金持有中国软件国际（00354.HK）8.96亿股，占公司已发行普通股的 32.78%。 中软国际有限公司是一家提供全球化科技软件与信息技术服务的投资控股公司。该公司通过两大分部运 营：技术专业服务分部和互联网资讯科技服务分部。该公司的主营业务是生成式人工智能（AIGC）研 发，大模型软硬件销售和泛企业资源计划（ERP）模式的数字化转型服务咨询。该公司的主要产品包 括"问系列"解决方案、大模型应用一体机、灵析人工智能应用平台等。该公司主要向水利、交通、政务 平台、军工、能源、教育、金融等领域提供其服务。该公司在国内市场及海外市场开展业务。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

Core Insights - The National Innovation Center in Beijing has gathered over 700 enterprises, covering key sectors such as CPU, operating systems, databases, complete machines, network security, and application software [5][21]. Group 1: Key Enterprises - Loongson Technology (龙芯中科, 688047) is a leader in domestic CPU with its LoongArch instruction set and has a strong market share in government and terminal markets [6][22]. - Phytium Technology (飞腾信息, 000066) leads in the integration of servers and terminals with its FT series CPUs and has a well-adapted ecosystem [6][22]. - Haiguang Information (海光信息, 688041) focuses on general-purpose CPUs and DCU chips, being a major player in high-performance computing and data center chips [7][22]. - Tongxin Software is a core manufacturer of domestic desktop and server operating systems with a rich adaptation ecosystem [8][23]. - Kylin Software (麒麟软件, 600536) is a key supplier for critical industries such as government and finance with its Galaxy Kylin OS [9][24]. - DM Database (达梦数据库) is recognized as a benchmark for domestic databases with leading transaction processing performance [10][25]. - Renmin University of China Database (人大金仓) has a high penetration rate in government and central enterprise markets with its KingbaseES database [11][26]. - Sugon (中科曙光, 603019) is a leader in server and supercomputing infrastructure with advanced liquid cooling technology [12][27]. - China Great Wall Technology (中国长城, 000066) is a core enterprise in the domestic closed-loop for innovation with its Feiteng platform and terminals [13][28]. - Aisino (亚信安全, 688225) leads in security solutions for innovation environments with strong adaptation capabilities [14][29]. - Sangfor Technologies (深信服, 300454) is a leader in enterprise security and cloud computing solutions [15][29]. - Kingsoft Office (金山办公, 688111) is a leading domestic office software provider with extensive adaptation in innovation [15][29]. - Yonyou Network (用友网络, 600588) is a core manufacturer for enterprise management software transformation in innovation [16][30]. - SMIC (中芯国际) supports domestic chip manufacturing with its advanced 12-inch wafer fabrication capabilities [16][30]. - Unisoc (紫光汉图) provides adaptation and solutions for innovation [16][30].

格隆汇2月9日丨中国软件(600536.SH)在互动平台表示，麒麟软件与国外航天公司没有业务合作。 ...

Core Viewpoint - Southbound funds have significantly increased their holdings in China Software International, indicating strong investor interest and confidence in the company's future prospects [1] Group 1: Investment Activity - On February 6, southbound funds increased their holdings by 28.48 million shares of China Software International (00354.HK) [1] - Over the past five trading days, there have been four days of net increases in holdings, totaling 39.41 million shares [1] - In the last 20 trading days, there were 15 days of net increases, amounting to 70.15 million shares [1] - Currently, southbound funds hold 899 million shares of China Software International, representing 32.9% of the company's total issued ordinary shares [1] Group 2: Company Overview - China Software International Limited is a global technology software and IT services investment holding company [1] - The company operates through two main divisions: Technology Professional Services and Internet Information Technology Services [1] - The primary business focus includes the development of generative artificial intelligence (AIGC), 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 platforms [1] - The company provides services to various sectors, including water conservancy, transportation, government platforms, military, energy, education, and finance, operating in both domestic and international markets [1]

February 4, 2026 08:31 AM GMT M Update Greater China IT Services and Software | Asia Pacific Start of AI Disrupting Software Narrative in China China software stocks are down 3-12% today (Feb 4) (vs. -0.2% for MSCI China), on a negative read-across from the US software stock sell-off overnight. The market now sees China software names as at risk of disruption by AI; we think this is the start of a long-term narrative turnaround after the unjustified rally in Jan-26. Although SaaS (charging by seat) is a rar ...

Core Viewpoint - The article discusses the potential flaws identified in the B-21 aircraft by a Chinese software analysis, questioning the validity of these claims and the implications for the $203 billion investment in the program [1] Group 1: Investment Implications - The B-21 program represents a significant financial commitment of $203 billion, raising concerns about the return on investment if the identified flaws are accurate [1] - The analysis suggests that if the defects are substantiated, it could lead to substantial financial losses and impact future defense spending [1] Group 2: Technical Analysis - The Chinese software reportedly identified specific defects in the B-21 design, prompting debates over the reliability and effectiveness of the aircraft [1] - The validity of the software's findings is under scrutiny, with experts divided on whether the identified issues are genuine or exaggerated [1] Group 3: Industry Impact - The discussion around the B-21's potential flaws could influence perceptions of U.S. military technology and its competitiveness in the global defense market [1] - If the defects are confirmed, it may lead to increased scrutiny of other defense projects and a reevaluation of military procurement strategies [1]