公司董事会对陈尚义先生在任职期为公司发展做出的贡献表示衷心感谢。 特此公告。 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。 本公司董事会于 2024 年 6 月 30 日收到公司独立董事陈尚义先生提交的书面 辞职报告，其已连续任职满六年，请求辞去公司独立董事职务。 2024 年 7 月 1 日 鉴于陈尚义先生的辞职将导致公司独立董事人数占董事会全体成员的比例 低于三分之一，根据有关法律法规和公司章程的规定，陈尚义先生的辞职在下任 独立董事填补因其辞职产生的空缺后生效。在辞职生效之前，陈尚义先生仍继续 履行职责。公司将依照有关规定尽快完成独立董事补选。 1 证券代码： 600536 证券简称： 中国软件 公告编号：2024-055 中国软件与技术服务股份有限公司 关于独立董事辞职的公告 中国软件与技术服务股份有限公司董事会 ...

证券代码： 600536 证券简称： 中国软件 公告编号：2024-054 中国软件与技术服务股份有限公司 股权激励限制性股票回购注销实施公告 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。 重要内容提示： | 回购股份数量 | 注销股份数量 | 注销日期 | | --- | --- | --- | | 9,524,179 | 9,524,179 | 2024 年 7 月 2 日 | 一、本次限制性股票回购注销的决策与信息披露 2024 年 4 月 24 日召开公司第八届董事会第七次会议，审议通过了《关于 2021 年限制性股票激励计划第二个解除限售期公司业绩考核目标未达成的议案》及 《关于回购注销部分已授予但尚未解锁限制性股票的议案》，公司拟使用自有资 金，回购注销 9,524,179 股限制性股票，占公司总股本的 1.1079%，其中，因公 司 2021 年限制性股票激励计划首次及预留部分（第一批）授予的激励对象中有 101 名激励对象个人情况发生变化，公司拟使用自有资金将其持有的已获授但尚 未解除限售的 2,947 ...

北京观韬中茂律师事务所 关于 中国软件与技术服务股份有限公司 2021 年限制性股票激励计划回购注销 部分已授予但尚未解锁限制性股票的 法律意见书 观意字（2024）第003167号 观韬中茂律师事务所 GuantaoLawFirm 北京市西城区金融大街 5 号新盛大厦 B 座 19 层邮编：100032 电话：861066578066 传真：861066578016 E-mail：guantao@guantao.com http：//www.guantao.com | 一、本次回购注销的批准和授权 6 | | | --- | --- | | 二、本次回购注销的具体情况 10 | | | 三、结论意见 | 12 | 北京观韬中茂律师事务所 法律意见书 释 义 | 中国软件/公司/上市公司 | 指 | 中国软件与技术服务股份有限公司 | | --- | --- | --- | | 本次股权激励计划/本次激励计 | 指 | 中国软件与技术服务股份有限公司2021年限制性股票激 | | 划 | | 励计划 | | 本次回购注销 | 指 | 中国软件与技术服务股份有限公司2021年限制性股票激 | | | | 励计划 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [1]. Core Views - The company is positioned as a key player in the domestic software industry, focusing on self-reliant and secure products and services, with a comprehensive product chain from operating systems to application products [1][7]. - The company is expected to benefit from dual opportunities in the "Xinchuang" (self-reliance in technology) sector and state-owned enterprise reform, with significant support from government policies and funding [1][36]. - The company has a strong long-term growth outlook, driven by its core assets such as Kylin Software and Dameng Data, which maintain leading positions in their respective markets [1][47]. Summary by Sections 1. Company Overview - The company is a major high-tech listed enterprise controlled by China Electronics, recognized as a "national team" in the software industry [1][7]. - It has a clear shareholding structure, with China Electronics as the actual controller [10]. 2. Market Opportunities - The issuance of long-term special government bonds is expected to support the development of the Xinchuang industry, focusing on high-level technological self-reliance [36]. - The company is poised to benefit from the ongoing state-owned enterprise reform, which is a key focus for both China Electronics and China Electronics Technology Group in 2024 [41][44]. 3. Core Assets and Growth Potential - Kylin Software has maintained the top position in the Chinese Linux market for 12 consecutive years, with revenue and net profit growing at compound annual growth rates of 28% and 37% from 2020 to 2023 [1][47]. - Dameng Data is recognized as a leader in the domestic database industry, actively promoting digital transformation across various sectors [54]. 4. Financial Forecasts - The company is projected to achieve a net profit of 133 million, 225 million, and 311 million yuan for the years 2024, 2025, and 2026, respectively, with corresponding price-to-earnings ratios of 181X, 107X, and 78X [2][1]. 5. Business Segments - The company's main business segments include self-developed software products, industry solutions, and service-oriented businesses, with significant contributions from each segment [19][22]. - The self-developed software products segment, led by Kylin Software, accounts for 24.35% of total revenue, while industry solutions contribute 51.33% [19].

证券代码： 600536 证券简称： 中国软件 公告编号：2024-053 中国软件与技术服务股份有限公司 关于独立董事辞职的公告 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个别及连带责任。 本公司董事会于 2024 年 6 月 17 日收到公司独立董事李新明先生提交的书面 辞职报告，李新明先生因工作原因申请辞去公司独立董事职务。 鉴于李新明先生的辞职将导致公司独立董事人数占董事会全体成员的比例 低于三分之一，根据有关法律法规和公司章程的规定，李新明先生的辞职在下任 独立董事填补因其辞职产生的空缺后生效。在辞职报告生效之前，李新明先生仍 继续履行职责。公司将依照有关规定尽快完成独立董事补选。 公司董事会对李新明先生在任职期间为公司发展做出的贡献表示衷心感谢。 特此公告。 中国软件与技术服务股份有限公司董事会 2024 年 6 月 17 日 ...

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 ...

Investment Rating - The report downgrades Chinasoft Intl. to Neutral from Buy, iSoftstone to Sell from Buy, and Thundersoft to Neutral from Buy [4][10][28]. Core Viewpoints - The visibility for customers' IT services budget recovery remains low, impacting revenue growth for major IT services companies [3][4]. - Chinasoft Intl. is positively transitioning towards project-based IT services, but the recovery of IT services budgets may take time, leading to reduced revenue growth visibility [10][18]. - The overall revenue growth for China software companies was soft in 1Q24, with significant variances among companies [4][12]. Summary by Sections Investment Ratings - Chinasoft Intl. downgraded to Neutral with a target price of HK$4.9, indicating a +12% upside potential [4][11]. - iSoftstone downgraded to Sell with a target price reflecting a -7% downside [4]. - Thundersoft downgraded to Neutral with a target price indicating a +6% upside [4]. Revenue Growth and Visibility - The IT services market value in China saw a slowdown, with major companies reporting soft revenue growth in 1Q24 compared to 2023 [4][12]. - iSoftstone's revenue growth was boosted by the acquisition of TongFang PC, but excluding this, revenue growth was estimated to be negative [12][18]. - Thundersoft's revenue growth was minimal at +1% YoY, reflecting challenges in the smartphone and IoT markets [4][12]. Valuation Adjustments - Target PE multiples for Chinasoft Intl., iSoftstone, and Thundersoft have been reduced to 10x, 17x, and 32x respectively, reflecting slower earnings growth expectations [4][18]. - The report anticipates a cautious recovery in revenue growth for traditional IT services, projecting YoY growth rates of -4% in 2024, followed by modest recoveries in subsequent years [18][22]. Customer Concentration and Cash Flow - Chinasoft Intl. has reduced reliance on its largest customer, Huawei, but concentration risks may increase during economic downturns [13][15]. - The company's accounts receivable days increased to 132 days in 2023, indicating potential cash flow challenges [15][18].

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]