Core Points - The State-owned Assets Supervision and Administration Commission (SASAC) awarded a contract for software operation and maintenance services for the national enterprise education training digital platform to China Software and Technology Service Co., Ltd. [1][2] - The contract amount is approximately 949,300.0 [2]. Company Overview - China Software and Technology Service Co., Ltd. has made investments in 41 enterprises and participated in 7,264 bidding projects [1]. - The company holds 302 trademark registrations, 127 patents, and 1,147 copyright registrations [1]. - Additionally, the company possesses 26 administrative licenses [1].

Core Points - The company mourns the passing of Chen Hongyin, who dedicated nearly 30 years to the firm, contributing significantly to its development [1][3] - The board expresses deep respect and gratitude for Chen's efforts and extends condolences to his family [1] - The company assures that its operations will not be affected by this sudden loss, as the board and senior management remain committed to the company's development [3] Financial Performance - In the first three quarters of the year, the company achieved total revenue of 7.491 billion yuan, representing a year-on-year increase of 8.72% [3] - The net profit attributable to shareholders was 51.08 million yuan, a decline of 66.47% compared to the previous year [3] - The company reported a non-recurring net profit loss of 43.77 million yuan, contrasting with a profit of 95.42 million yuan in the same period last year [3] - The net cash flow from operating activities was -327.30 million yuan, compared to -228 million yuan in the previous year [3] Market Information - As of December 11, the company's stock price was 9.84 yuan per share, with a total market capitalization of 11.7 billion yuan [4]

Core Viewpoint - The sudden passing of Chen Hongyin, a senior vice president of Neusoft Group, is a significant event for the company, which has been facing challenges despite revenue growth and ongoing operational activities [1][2]. Group 1: Company Overview - Neusoft Group, known as "China's first software stock," is a leading global information technology, products, and solutions company, established in 1991 and recognized as the first listed software company in China [6]. - The company has been involved in significant projects, including the development and maintenance of the "Yima Tong" system during the pandemic [6]. Group 2: Leadership and Contributions - Chen Hongyin joined Neusoft in 1996 and held various leadership roles, contributing significantly to the company's development over nearly 30 years [2][4]. - In 2024, Chen's annual salary was reported at 1.942 million CNY [4]. Group 3: Financial Performance - Neusoft Group has experienced continuous revenue growth since 2022, with total revenue reaching 11.56 billion CNY in 2024, a year-on-year increase of 9.64% [8][9]. - Despite revenue growth, the company has faced ongoing non-recurring losses, with a total non-recurring net loss exceeding 700 million CNY from 2022 to 2024, and a loss of 43.77 million CNY in the first three quarters of this year [7][9]. - The company's operating profit for 2025 was reported at 93.70 million CNY, but the net profit attributable to shareholders decreased by 66.47% year-on-year [8]. Group 4: Research and Development - In 2024, Neusoft's R&D investment decreased by 13.50% to 921 million CNY, raising questions from the Shanghai Stock Exchange regarding the inconsistency between R&D spending and revenue growth [9]. - The company attributed the decline in R&D spending to factors such as asset and technology reuse, focused resource allocation, and increased efficiency, indicating a shift towards market and operational expenditures [9]. Group 5: Market Reaction - Following the announcement of Chen Hongyin's passing, Neusoft's stock price fell by 1.7%, with a year-to-date decline of over 7%, contrasting with the Shanghai Composite Index's rise from 3,300 to over 3,800 points [9].

Core Insights - On December 10, 2023, brokerage firms provided target prices for listed companies, with significant increases noted for Yilian Network, Xingfu Electronics, and Yingke Recycling, showing target price increases of 53.21%, 40.35%, and 35.77% respectively, across the communication equipment, electronic chemicals, and plastics industries [1][2]. Group 1: Target Price Increases - Yilian Network received a target price of 53.50 yuan, reflecting a target price increase of 53.21% [2]. - Xingfu Electronics was assigned a target price of 52.00 yuan, with a target price increase of 40.35% [2]. - Yingke Recycling's target price is set at 40.04 yuan, indicating a target price increase of 35.77% [2]. - Guizhou Tire, with a target price of 6.60 yuan, shows a target price increase of 29.92% [2]. - Guki Wool Material has a target price of 33.00 yuan, reflecting a target price increase of 23.32% [2]. Group 2: Rating Adjustments - Three companies had their ratings upgraded on December 10, including Yingke Recycling, which was upgraded from "Hold" to "Buy" by Huatai Securities [3][4]. - Tian Nai Technology's rating was raised from "Hold" to "Outperform" by Guosen Securities [3][4]. - Haiguang Information's rating was upgraded from "Range Trading" to "Buy" by Qunyi Securities (Hong Kong) [3][4]. Group 3: First-Time Coverage - Eight companies received initial coverage from brokerages on December 10, including Guizhou Tire, which was rated "Buy" by Global Fortune Financial [5][6]. - Fusheng Technology received an "Increase" rating from China Merchants Securities [5][6]. - Kaizhong Co. was rated "Increase" by Northeast Securities [5][6]. - Hand Information was rated "Buy" by CITIC Construction Investment Securities [5][6]. - Guki Wool Material was rated "Increase" by Tianfeng Securities [5][6].

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 51.33 yuan over the next six months [5]. Core Insights - The company has shown steady revenue growth with a total revenue of 3.198 billion yuan in the first three quarters of 2025, representing a year-on-year increase of 9.50%. The net profit attributable to shareholders was -104.04 million yuan, improving by 69.18% year-on-year [2]. - The core assets, Kirin Software and Dameng Database, have demonstrated significant profit growth, with Kirin Software achieving a revenue of 910 million yuan (up 16.09%) and a net profit of 203 million yuan (up 39.74%) [2]. - The company is positioned to benefit from the ongoing domestic replacement process in the software industry, with expectations of continued profit growth due to high-margin product attributes [2][9]. Summary by Sections Company Overview - The company is a leader in domestic software and information technology in critical industries, focusing on the development of its core assets, Kirin Software and Dameng Database, which are rare in their respective fields [9]. Financial Performance - For the first three quarters of 2025, the company reported total revenue of 3.198 billion yuan, a 9.50% increase year-on-year. The net profit attributable to shareholders was -104.04 million yuan, a 69.18% improvement compared to the previous year [2]. - The forecast for revenue from 2025 to 2027 is 5.993 billion yuan, 6.724 billion yuan, and 7.915 billion yuan, respectively, with net profits expected to reach 104.7 million yuan, 188.9 million yuan, and 375.1 million yuan [11][12]. Market Position and Strategy - The company is actively involved in the "Scale-Up" heterogeneous integration operating system alliance, aiming to build a robust AI infrastructure base [1]. - Kirin Software is enhancing its operating system to support various domestic and international mainstream acceleration cards, ensuring optimal performance through system-level tuning [3]. - The successful implementation of the domestic operating system in the aviation sector demonstrates the feasibility of using domestic technology in complex business operations [8].

Group 1 - The board of directors of China Software and Technology Service Co., Ltd. held its 27th meeting of the 8th session on December 8, 2025, via telecommunication voting [2][3][4] - The meeting was attended by all 7 directors, and the chairman, Chen Zhihua, presided over the meeting [3][4] Group 2 - The board approved a proposal to acquire 1% equity of the subsidiary Zhongruan Cloud Intelligence from the related party New Changcheng Technology Co., Ltd. for a price of 1.04411 million yuan [5] - Following the acquisition, Zhongruan Cloud Intelligence will be merged into the wholly-owned subsidiary Zhongruan Information Technology Innovation Co., Ltd., which will inherit all assets, liabilities, and rights of Zhongruan Cloud Intelligence [5][6] - As of June 30, 2025, Zhongruan Cloud Intelligence had total assets of 157.45 million yuan and net assets of 97.04 million yuan, with a revenue of 44.97 million yuan and a net profit of 1.57 million yuan for the first half of 2025 [6] - The transaction aims to optimize the company's business layout and asset structure, improve operational efficiency, and reduce management costs, aligning with the long-term interests of the company and its shareholders [6]

本资产评估报告依据中国资产评估准则编制 中软云智技术服务有限公司股东全部权益价值资产评估报告 新长城科技有限公司 拟转让所持中软云智技术服务有限公司股权 所涉及的中软云智技术服务有限公司 股东全部权益价值 资产评估报告 中天华资评报字[2025]第 11458 号 (共一册,第一册) E 录 北京中j 任公司 | 声 明 | | --- | | 摘 亜 女 … | | 资产评估报告 ……………………………………………………………………………………………………………………………3 | | 一、委托人、被评估单位和资产评估委托合同约定的其他资产评估报告使用人概况 3 | | 二、评估目的… | | 三、评估对象和评估范围… | | 四、价值类型 | | 五、评估基准日 | | 六、评估依据……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………….10 | | 七、评估方法………………………………………………………………………………………………… ...

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证券代码：600536 证券简称：中国软件 公告编号：2025-060 中国软件与技术服务股份有限公司 第八届董事会第二十七次会议决议公告 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。 一、董事会会议召开情况 （一）公司第八届董事会第二十七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于 2025 年 9 月 23 日以微信方式发出。 （三）本次董事会会议于 2025 年 12 月 8 日召开，采取了通讯的表决方式。 （四）本次董事会会议应出席董事 7 人，实际出席董事 7 人。其中：以通讯 表决方式出席会议的董事 7 人。 （五）本次董事会会议由董事长谌志华主持。公司董事会秘书赵冬妹列席了 会议。 二、董事会会议审议情况 中国软件与技术服务股份有限公司董事会 2025 年 12 月 9 日 （一）关于收购关联方持有的子公司中软云智少数股东股权并对中软云智进 行吸收合并的议案 根据战略发展与经营管理的需要，公司拟按照 104.411 万元的价格协议收购新长城 ...

Core Insights - Nanshan District showcases its strong industrial "magnetism" and cooperation willingness through targeted promotion and major project signings at the 2025 Shenzhen Global Investment Conference [2] Group 1: Artificial Intelligence and Robotics - Nanshan has gathered 1,351 large-scale enterprises in the artificial intelligence sector, with 56 ranked among the city's top 100 AI companies [2] - The district is building a comprehensive innovation system for AI and robotics, supported by specialized industrial spaces and precise industrial policies [2] Group 2: AI Terminal and Harmony Ecosystem - Nanshan has established a significant first-mover advantage in the Harmony ecosystem, having built the country's first Harmony ecosystem innovation center [3] - The district is developing a collaborative innovation system focusing on "RISC-V chips, Harmony system, and AI terminals," supported by the "Eight Policies for Harmony" to empower enterprise technology implementation and product innovation [3] Group 3: Major Project Signings - Nanshan successfully signed contracts with four key enterprises, including China Electronics, Hilton, Bosi Quantum, and Yahua Electronics, focusing on core technology, high-end services, quantum frontiers, and high-end electronics [4] - The China Electronics project will establish a new R&D institution focusing on integrated circuits and advanced computing [4] - Hilton's project will enhance the internationalization of Nanshan's high-end service industry with the opening of its first Waldorf Astoria hotel in Guangdong [4] Group 4: Quantum Computing and Healthcare - Bosi Quantum will establish a coherent optical quantum computing equipment manufacturing center in Nanshan, marking a significant step in China's engineering mass production in this field [5] - Yahua Electronics will build a healthcare technology integration innovation demonstration base in Nanshan [5] Group 5: Economic Performance and Investment - Nanshan's GDP reached 950.1 billion yuan, leading the province for 12 consecutive years, with a focus on precise industrial policies to support innovation and entrepreneurship [6] - The district attracted 378 key projects this year, with a total intended investment exceeding 150 billion yuan, showcasing strong industrial clustering effects [6] - Nearly 40% of the world's top 500 foreign-invested enterprises are located in Nanshan, which aims to enhance its dual empowerment capabilities in global industrial and innovation chains [6]