证券代码：600536 证券简称：中国软件 公告编号：2024-052 中国软件与技术服务股份有限公司 第八届董事会第九次会议决议公告 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。 一、董事会会议召开情况 - 1 - （一）公司第八届董事会第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于 2024 年 5 月 8 日以蓝信方式发出。 （三）本次董事会会议于 2024 年 6 月 3 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先生主持，公司监事会主席高慕群女 士、监事唐大龙先生、职工代表监事周东云女士，董事会秘书赵冬妹女士列席了 会议。 二、董事会会议审议情况 （一）关于收购子公司上海中软股权的议案 根据公司发展战略和经营管理的需要，公司拟收购子公司上海中软计算机系统工程有限 公司（简称上海中软）的全部自然人股东股权，即采用 ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 28 May 2024 | 7:54PM HKT China Software SaaS and Localization carry better visibility; downgrading Chinasoft Intl/iSoftstone and Thundersoft ： s h u i n u 9 8 7 0 加 V 据 数 报 研 和 要 Lower visibility ahead: We remain positive on Chinasoft Intl. and iSoftstone’s Allen纪 Chang 研 调+852-2978-2930 | allen.k.chang@gs.com business migration towards project-based IT services from traditional IT services, 一 手 Goldman Sachs (Asia) L.L.C. 多 更 and Thundersoft’s diversifying into automotive softw ...

Financial Data and Key Metrics Changes - The company expects a revenue growth target of over 10% for this year, with a focus on maintaining a double-digit growth in both revenue and profit [18][25][28] - The company reported a significant increase in new business areas, particularly in the digital transformation sector, which is projected to grow by over 30% [8][18] Business Line Data and Key Metrics Changes - The company has established a strategic partnership with Huawei Cloud, contributing approximately 10% to Huawei's public cloud sales, equating to around 20 billion yuan in sales [6][20] - The new business initiatives, including the HarmonyOS and integrated machines, are expected to see substantial growth, with HarmonyOS projected to achieve over 1 billion yuan in revenue this year [10][14][28] Market Data and Key Metrics Changes - The demand for digital transformation services remains strong, particularly in government and enterprise sectors, with significant growth observed in state-owned enterprises [34][35] - The company has noted a rapid growth in sectors such as automotive electronics and telecommunications, with major clients like China Mobile and China Telecom showing over 50% growth [35][36] Company Strategy and Development Direction - The company is focusing on a "1+3" strategy, emphasizing deep collaboration with Huawei Cloud and exploring niche markets where it has competitive advantages [5][6] - The company aims to leverage the opportunities presented by the decoupling of China and the US, positioning itself to replace foreign software with domestic alternatives [4][5] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the digital transformation landscape, anticipating continued high growth rates in cloud-related services [8][18] - The company is preparing for a recovery in its core business, with expectations that Huawei's overall business will stabilize and grow in the coming years [33] Other Important Information - The company has initiated share buybacks and increased dividends to reward long-term investors [18] - The integrated machine business is still in its early stages, with a revenue target of approximately 120 million yuan for this year [14][28] Q&A Session Summary Question: What is the current business model for Huawei Cloud distribution? - The company operates on a net revenue basis, with a commission structure that includes rebates and discounts, contributing to approximately 10% of Huawei's public cloud sales [20][21] Question: What is the profit guidance excluding stock incentives? - Excluding stock incentives, profit growth is expected to outpace revenue growth, indicating an improvement in gross margins [23][25] Question: How does the company view the impact of H20 price cuts on its business? - The company believes that the demand for AI computing power will remain strong despite the price cuts, with expectations that domestic solutions will grow significantly [30] Question: What is the outlook for the traditional software outsourcing and digital transformation business? - The core business remains stable, with significant growth expected in new initiatives like HarmonyOS and integrated machines, which are projected to contribute positively to revenue [28][29]

重要内容提示： 证券代码：600536 证券简称：中国软件 公告编号：2024-051 中国软件与技术服务股份有限公司 关于股份回购实施结果暨股份变动的公告 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法律责任。 | 回购方案首次披露日 | 2024/2/7 | | --- | --- | | 回购方案实施期限 | 2024 年 2 月 23 日~2024 年 5 月 22 日 | | 预计回购金额 | 1 亿元~2 亿元 | | 回购价格上限 | 33 元/股 | | 回购用途 | □减少注册资本 | | | √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | √为维护公司价值及股东权益 | | 实际回购股数 | 3,104,143 股 | | 实际回购股数占总股本比例 | 0.36% | | 实际回购金额 | 9,997.21 万元 | | 实际回购价格区间 | 30.84 元/股~33 元/股 | 一、回购审批情况和回购方案内容 公司于 2024 年 2 月 6 日、2024 年 2 月 22 日分别召开 ...

Financial Data and Key Indicators Changes - In 2023, the company achieved operating revenue of 6.723 billion, a year-on-year decrease of 30.26% [22] - The total profit was negative 111.718 million, a year-on-year decrease of 104.28% [23] - The net profit attributable to the parent company was negative 233 million, a year-on-year decrease of 606.53% [23] - The company's net profit after deducting non-recurring gains and losses was negative 520 million, with operating cash flow at negative 495 million [25] Business Line Data and Key Indicators Changes - The company’s three main business segments are: - **Self-developed Software Products**: Achieved operating revenue of 1.637 billion, a year-on-year increase of 2.61%, with an average gross margin of 75.08%, up 3.87 percentage points [26] - **Industry Solutions**: Achieved operating revenue of 3.451 billion, a year-on-year decrease of 40.41%, with an average gross margin of 9.66%, down 0.08 percentage points [27] - **Service Business**: Achieved operating revenue of 1.6 billion, a year-on-year decrease of 28.05%, with an average gross margin of 55.44%, down 3.07 percentage points [27] Market Data and Key Indicators Changes - The company’s market presence includes key sectors such as government, taxation, discipline inspection, finance, customs, electricity, emergency services, energy, transportation, water conservancy, and public security [20] Company Strategy and Development Direction - The company focuses on basic software and high-tech core application solutions, aiming to become the strongest and most optimal domestic basic software group with international influence [8] - The company plans to achieve operating revenue of 6 billion in 2024, with cost expenses controlled within a reasonable range [10][11] - The company emphasizes the importance of optimizing business layout and structural adjustments to enhance core competitiveness [7] Management's Comments on Operating Environment and Future Outlook - The management acknowledged the challenges posed by a tightening external market environment and internal strategic adjustments, but noted positive outcomes from focusing on basic software and high-tech core application solutions [18] - The management expressed commitment to enhancing the company's capabilities and ensuring steady improvement in efficiency and profitability [10] Other Important Information - The company has invested over 8 billion in research and development over the past five years, focusing on large computing platforms, industry applications, and major system engineering projects [34][35] Q&A Session Summary Question: What technical breakthroughs have been made in the operating system products of the subsidiary Kirin Software? - Kirin Software has developed multiple innovative products, including the Galaxy Kirin server operating system and the desktop operating system, recognized as one of the top ten central enterprise national treasures in 2023 [34] Question: How is the market promotion situation? - The Galaxy Kirin operating system has ranked first in China's Linux market share for 12 consecutive years according to statistics from CCID Consulting [34] Question: Can you elaborate on the areas of R&D investment over the past five years? - R&D investments have focused on enhancing core product competitiveness, providing new industry information solutions for key sectors, and improving overall service levels through major engineering projects [35] Question: What is the progress of the private placement announced on February 26? - The private placement has been approved by China Electronics and passed the company’s shareholders' meeting, pending approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [36]

Investment Rating - The report gives a "Buy" rating to the company, indicating a potential upside of more than 15% relative to the relevant market index [7] Core Views - The company's performance is under short-term pressure but is expected to benefit from improvements in the IT services sector [2] - In 2023, the company achieved revenue of 6.723 billion yuan, a year-on-year decrease of 30.26%, and a net loss attributable to the parent company of 233 million yuan [1] - In Q1 2024, the company's revenue was 703 million yuan, down 42.32% year-on-year, with a net loss attributable to the parent company of 111 million yuan [1] - The company's subsidiary, Kirin Software, achieved revenue of 1.273 billion yuan in 2023, a year-on-year increase of 10.16%, and a net profit of 422 million yuan, up 28.26% [3] Financial Performance - The company's revenue is expected to grow to 8.24 billion yuan in 2024, 10.056 billion yuan in 2025, and 12.168 billion yuan in 2026, with year-on-year growth rates of 22.6%, 22.0%, and 21.0% respectively [2] - Net profit attributable to the parent company is forecasted to be 135 million yuan in 2024, 186 million yuan in 2025, and 246 million yuan in 2026 [2] - The company's gross margin was 36.9% in 2023, with a slight decrease expected to 35.9% in 2024 and 2025, and 35.6% in 2026 [2] - ROE is projected to improve from -10.2% in 2023 to 5.4% in 2024, 7.1% in 2025, and 8.6% in 2026 [2] Business Segments - In 2023, the company's self-developed software products generated revenue of 1.637 billion yuan, a year-on-year increase of 2.61% [2] - Industry solutions contributed 3.451 billion yuan in revenue, down 40.41% year-on-year, while service-based business revenue was 1.6 billion yuan, a decrease of 28.05% [2] Valuation Metrics - The company's PE ratio is expected to be 201.6 in 2024, 146.6 in 2025, and 110.8 in 2026 [2] - The PB ratio is forecasted to decrease from 12.0 in 2023 to 10.9 in 2024, 10.4 in 2025, and 9.6 in 2026 [5] Cash Flow and Balance Sheet - The company's operating cash flow was -495 million yuan in 2023, but is expected to turn positive to 439 million yuan in 2024 [5] - Total assets are projected to grow from 9.256 billion yuan in 2023 to 13.017 billion yuan in 2026 [5] - The company's debt-to-asset ratio was 63.0% in 2023 and is expected to decrease slightly to 61.8% by 2026 [5]

Summary of China Software's 2023 Earnings Call Company Overview - **Company**: China Software and Technology Service Co., Ltd. - **Industry**: Software Industry - **Founded**: 1980 - **Stock Exchange**: Listed on Shanghai Stock Exchange - **Business Segments**: Basic software, tax business solutions, high-tech electronics Core Points and Arguments - **Performance Overview**: In 2023, the company faced challenges with a revenue of 6.723 billion yuan, a year-on-year decrease of 30.26% [4][6]. - **Strategic Focus**: The company is concentrating on specific sectors such as finance, customs, and taxation, aiming to provide innovative information solutions [2][3]. - **Response to National Strategy**: The company is aligning its operations with national strategies for optimizing state-owned enterprises and structural adjustments, emphasizing technology research and development [2][3]. - **Product Development**: The company has successfully built a complete product chain targeting key areas such as government services, enhancing its market competitiveness [4][6]. - **Investment in R&D**: Plans to increase R&D investment and improve business structure to achieve sustainable long-term growth [2][4]. Financial Highlights - **Revenue Breakdown**: - Self-developed software products: 1.637 billion yuan, up 2.61% year-on-year, with a gross margin of 75.08% [7]. - Industry solutions: 3.451 billion yuan, down 40.41% year-on-year, with a gross margin of 9.66% [7]. - Service industry: 1.6 billion yuan, down 28.05% year-on-year, with a gross margin of 55.44% [7]. - **Net Profit**: The net profit attributable to the parent company was -233 million yuan, a decrease of 606.53% year-on-year [6]. Future Outlook - **2024 Revenue Target**: The company aims to achieve a revenue of 6 billion yuan in 2024, with a cautionary note that this is not a performance commitment to investors [6]. - **Focus on Professional Development**: The company will continue to enhance operational efficiency and strengthen its professional development path [6]. Additional Important Points - **Kirin Software Achievements**: Kirin Software has made significant advancements in the operating system sector, maintaining a leading position in the Chinese market [5]. - **Independent Directors' Role**: The new independent director emphasized the importance of independent oversight and governance, ensuring the protection of shareholder rights [8]. This summary encapsulates the key insights from the earnings call, highlighting the company's strategic direction, financial performance, and future plans.

Summary of the Conference Call Company Overview - The conference call is hosted by China Software, focusing on the 2023 annual performance report [1] Key Points and Arguments - The meeting is conducted in a video live-streaming format, allowing for interactive communication with investors and supporters [1] Other Important Content - The call emphasizes the company's commitment to engaging with its stakeholders and providing transparency regarding its performance [1]

Investment Rating - The investment rating for the company is currently not explicitly stated in the provided content, but it suggests maintaining attention due to the company's leading position in the domestic operating system market [6]. Core Viewpoints - The company experienced a significant decline in revenue and profit in 2023, with a revenue of 6.723 billion yuan, down 30.26% year-on-year, and a net profit of -233 million yuan, indicating a shift from profit to loss [2]. - The company plans to raise 2 billion yuan through a private placement to enhance the core competitiveness of its operating system [5]. - The company’s self-developed software revenue showed a slight increase, while industry solutions and service businesses faced substantial declines [3]. - The company’s operating system, Kirin, continues to lead the Chinese Linux market, achieving a revenue of 1.273 billion yuan in 2023, up 10.16% year-on-year [4]. Financial Performance Summary - In 2023, the company reported a revenue of 6.723 billion yuan, with a gross margin of 36.89%, an increase of 5.47 percentage points year-on-year [2]. - The first quarter of 2024 saw a revenue of 703 million yuan, down 42.32% year-on-year, but the net loss narrowed to -111 million yuan [2]. - The forecast for 2024-2026 indicates expected revenues of 6.038 billion yuan, 6.431 billion yuan, and 7.019 billion yuan, with year-on-year growth rates of -10.19%, 6.51%, and 9.14% respectively [6]. - The projected net profit for 2024 is expected to be 114 million yuan, transitioning from loss to profit, with subsequent years showing significant growth [6]. Market Position and Strategy - The Kirin software operating system has maintained its leading market share in China for 12 consecutive years, with significant breakthroughs in key industries such as government, finance, and energy [4]. - The company is focusing on enhancing its operating system capabilities through targeted investments in product development [5].

证券代码：600536 证券简称：中国软件 公告编号：2024-050 中国软件与技术服务股份有限公司 2023 年年度股东大会决议公告 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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、会议召开和出席情况 （一）股东大会召开的时间：2024 年 5 月 16 日 （二）股东大会召开的地点：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。 （五）公司董事、监事和董事会秘书的出席情况 1、公司在任董事 7 人，出席 3 人，董事张尼先生，独立董事陈尚义先生、 李新明先生、宗刚先生因工作原因未出席； 2、公司在任监事 3 人，出席 1 人，监事会主席高慕群女士、监事唐大龙先 生因工作原因未出席； （三）出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 421 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 338,450,607 | | 3、出席会议的股东所持有表决权股份数占 ...