Investment Rating - The investment rating for the company is "Buy" [1][6] - The previous rating was also "Buy" [1] Core Views - The company's performance is expected to decline in 2024, but this short-term pressure does not alter its long-term growth trend [1][4] - As a leading provider of financial technology products and services in China, the company is poised to benefit from the digital transformation of finance and the release of incremental demand from the "Xinchuang" initiative [1][4][6] Financial Performance Summary - In 2024, the company achieved revenue of RMB 6.581 billion, a decrease of 9.6% year-on-year [4][9] - The net profit attributable to shareholders was RMB 1.043 billion, down 26.8% year-on-year [4][9] - The company's gross margin for 2024 was 72.02%, a decline of 2.82 percentage points year-on-year [9] - The company maintained a high level of R&D investment, with total R&D expenses amounting to RMB 2.458 billion, representing 37.36% of revenue [9][10] Future Earnings Projections - Revenue projections for 2025-2027 are RMB 6.840 billion, RMB 7.504 billion, and RMB 8.346 billion, respectively [6][8] - Net profit projections for the same period are RMB 1.220 billion, RMB 1.407 billion, and RMB 1.693 billion, respectively [6][8] - The expected earnings per share (EPS) for 2025-2027 are RMB 0.64, RMB 0.74, and RMB 0.89, respectively [6][8] Market Position and Strategy - The company is focusing on core products and deepening business cooperation with clients [9] - It is actively embracing AI technology to enhance product competitiveness and has developed a proprietary AI middleware platform [9][10] - The company is restructuring its operations by shutting down non-strategic and loss-making product lines to concentrate resources on productized business [9][10]

截至2025年5月13日 ，中证金融科技主题指数(930986)下跌1.03%，成分股方面涨跌互现，拉卡拉领涨5.52%，四方精创、普元信息跟随走强；赢时胜、科蓝 软件、飞天诚信等股跌幅靠前。截至14：18，金融科技ETF华夏(516100)下跌0.93%，近1周累计上涨5.81%。 | 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 300033 | 同花顺 | -1.19% | 9.46% | | 300059 | 东方财富 | -1.01% | 8.94% | | 600570 | 恒生电子 | -1.03% | 7.48% | | 300339 | 润和软件 | -1.40% | 7.28% | | 000997 | 新大陆 | -2.20% | 4.34% | | 002065 | 东华软件 | -1.63% | 4.12% | | 300803 | 指南针 | -1.34% | 3.92% | | 002152 | 广电运通 | -1.19% | 2.90% | | 300085 | 银之杰 | -1.04% | 2.68% | | 300 ...

截至2025年5月12日 14:34，中证金融科技主题指数强势上涨2.86%，成分股赢时胜上涨10.77%，新大陆涨停，指南针、银之杰、金证股份等个股跟涨，金融 科技ETF华夏(516100)上涨2.96%，涨幅居赛道首位，随着板块热度提升，近4个交易日内，金融科技ETF华夏(516100)获资金小幅布局1095万元。 中金公司研究部首席国内策略分析师李求索指出，一揽子金融政策释放了积极信号，有助于进一步稳增长、稳市场和稳预期。结合当前A股市场估值仍处于 相对低位，具备较好的投资吸引力，以及科技叙事和地缘叙事的支持，判断A股短期有望延续4月上旬以来的回稳态势。 金融科技ETF华夏(516100)紧密跟踪中证金融科技主题指数，聚焦金融与科技深度融合的优质企业，全面覆盖多个高景气板块，包括互联网券商、金融IT、 移动支付、人工智能产业链以及信创领域，兼具金融属性与科技创新能力，其前十大成分股涵盖行业龙头，包括同花顺、东方财富、恒生电子、润和软件、 东华软件、指南针、新大陆、宇信科技、银之杰和广电运通，权重合计达53.28%，具有显著的代表性，一键布局，分享金融科技行业的长期成长红利。 | 股票代码 | 股票简称 ...

金十图示：2025年05月12日（周一）中国科技互联网公司市值排名TOP 50一览 每日根据市值计算出前50名公司,美元港元按照当日汇率中间价折算 @ JIN10. COM D. 金十数据 | 一个交易工具 | 8 | | 京东 | 492.09 | | --- | --- | --- | --- | | 9 | | 东方财富 | 466.22 | | 10 | | 中芯国际 | 438.86 | | II | Bal Car | 百度 | 298.6 | | 12 | 85 | 快手-W | 293.76 | | 13 | | 理想汽车 | 285.06 | | 14 16 | O | 贝壳 | 233 | | 15 | | 腾讯音乐 | 218.09 | | 16 | | 同花顺 | 196.74 | | 17 | | 小鹏汽车 | 186.83 | | 18 | | 科大讯飞 | 152.71 | | 19 | | 中通快递 | 150.6 | | 20 | | 宝信软件 | 107.96 | | 21 | | 一六零 | 102.3 | | 22 | | 蔚来 | 89.9 | | 23 | | 新东 ...

Group 1 - The Shanghai Composite Index decreased by 0.30%, while the CSI All Share Software Index fell by 1.87%, closing at 13830.77 points with a trading volume of 32.184 billion yuan [1] - The CSI All Share Software Index has increased by 11.58% over the past month, decreased by 7.05% over the past three months, and has risen by 5.89% year-to-date [2] - The CSI All Share Software Index is composed of listed companies involved in software development, reflecting the overall performance of these companies [2] Group 2 - The top ten weighted companies in the CSI All Share Software Index include: iFlytek (10.55%), Kingsoft Office (8.34%), Tonghuashun (6.72%), Runhe Software (5.51%), Hengsheng Electronics (4.75%), 360 (4.4%), Tuwei Information (4.03%), Yonyou Network (3.44%), China Software (3.32%), and Deepin Technology (2.89%) [2] - The market share of the CSI All Share Software Index is 58.87% from the Shenzhen Stock Exchange and 41.13% from the Shanghai Stock Exchange [2] Group 3 - The CSI All Share Software Index is entirely composed of the Information Technology sector [3] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [3] - Public funds tracking the software index include various ETFs and fund links from Guotai, Zhaoshang, and Huatai [3]

金十图示：2025年05月09日（周五）中国科技互联网公司市值排名TOP 50一览 | | 3003.74 | | --- | --- | | 阿甲四四 | | | 4 | Ini | 小米集团-W | 1693.44 | | --- | --- | --- | --- | | 5 | | 拼多多 | 1560.19 | | 6 | 票 | 美团-W | 1104.71 | @ JIN10.COM @ 金十数据 | 一个交易工具 | 8 | | 京东 | 495.86 | | | --- | --- | --- | --- | --- | | 9 | Bal Con | 百度 | 301.32 | 2 t | | 10 | | 理想汽车 | 291.48 | 3 t | | 11 | 8 | 快手-W | 286.48 | 1 t | | 12 | | 贝壳 | 233.24 | 2 t | | 13 | | 腾讯音乐 | 220.1 | 2 1 | | 14 | | 同花顺 | 192.75 | 2 t | | 15 | | 小鹏汽车 | 186.55 | 2 ↑ | | 16 | | 中通快递 | 152 ...

21世纪经济报道记者雷晨 北京报道 随着2024年上市公司年报披露收官，软件行业高管薪酬格局浮出水面。 可以预见，随着人工智能、工业互联网等新质生产力的持续渗透，软件行业的人才竞争将进入更注重技术厚度、战略视野与治 理能力的新阶段，而薪酬体系作为人才战略的"温度计"，将持续记录这场静水深流的产业变革。 | | | 董事长薪酬 | | 公司市值 [交易日 | | --- | --- | --- | --- | --- | | 证券代码 | 证券名称 | [年度]2024 | 董事长 | 期]2025-05- | | | | [单位 可元 | | 07 | | | | | | [单位]亿元 | | 002602.SZ | ST华通 | 900.00 | 王信 | 580.55 | | 688521.SH | 芯原股份 | 463.86 | Wayne Wei-Ming Dai(戴伟民) | 444.06 | | 301275.SZ | 汉朔科技 | 449.72 | 侯世国 | 242.75 | | 688206.SH | 概伦电子 | 430.13 | LIU ZHIHONG(刘志宏) | 101.89 | | ...

| 25 | | 唯品会 | 73.06 | -1 + | | --- | --- | --- | --- | --- | | 26 | | 金山软件 | 72.72 | | | 27 | | 恒生电子 | 69.49 | | | 28 | | 用友网络 | 68.43 | | | 29 | | 同程旅行 | 63.23 | | | 30 | | 金属国际 | 61.67 | | | 31 | Hosen | 润和软件 | 60.72 | 1 t | | 32 | | 奇富科技 | 59.83 | -1 + | | 33 | | 拓维信息 | 58.55 | | | 34 | | 深信服 | 56.55 | | | 35 | | 好未来 | 55.71 | | | 36 | KUNLUN | 昆仑万维 | 55.67 | 2 t | | 37 | | 柏楚电子 | 55.57 | -1 1 | | 38 | | 中国软件 | 54.09 | 1 1 | | 39 | Chi Butt | 常山北明 | 53.75 | -2 + | | 40 | | 万国数据 | 50.91 | | | 41 | | 恺英网络 ...

消息面上，在今天举行的国新办新闻发布会上，中国人民银行行长潘功胜宣布，下调金融机构存款准备 金率0.5个百分点，预计向市场提供长期流动性约1万亿元；下调政策利率0.1个百分点，即公开市场7天 期逆回购操作利率从目前的1.5%调降至1.4%，预计将带动贷款市场报价利率（LPR）同步下行约0.1个 百分点。 5月7日，受降息降准利好催化，三大指数集体高开，通用航空、低空经济概念领涨，金融科技、券商板 块相对强势，截至10:00，金融科技ETF华夏(516100)涨1.29%，其持仓股普元信息涨超5%，恒银科技、 高伟达、凌志软件、同花顺、指南针等股纷纷异动拉升，券商ETF基金（515010）涨1.51%，其持仓股 锦龙股份涨超7%，湘财股份、东方财富、中国银河、天风证券、首创证券等股纷纷走强。 金融科技ETF华夏(516100)紧密跟踪中证金融科技主题指数，聚焦金融与科技深度融合的优质企业，全 面覆盖多个高景气板块，包括互联网券商、金融IT、移动支付、人工智能产业链以及信创领域，兼具金 融属性与科技创新能力。成分股涵盖行业龙头，包括同花顺、东方财富、恒生电子、润和软件、东华软 件、指南针、赢时胜、银之杰和广电运通 ...

[Table_Title] 计算机行业 24 年需求筑底结构差异较大，经营效率提升 [Table_Summary] 核心观点： [Table_Page] 深度分析|计算机 证券研究报告 | [Table_Grade] 行业评级 | 买入 | | --- | --- | | 前次评级 | 买入 | | 报告日期 | 2025-05-03 | 相对市场表现 [Table_PicQuote] [分析师： Table_Author]刘雪峰 SAC 执证号：S0260514030002 SFC CE No. BNX004 021-38003675 gfliuxuefeng@gf.com.cn 分析师： 周源 SAC 执证号：S0260523040001 -24% -9% 5% 19% 34% 48% 05/24 07/24 09/24 11/24 01/25 03/25 计算机 沪深300 | 0755-23948351 | | --- | shzhouyuan@gf.com.cn 请注意，周源并非香港证券及期货事务监察委员会的注册 持牌人，不可在香港从事受监管活动。 | DocReport] [Table_ 相关研究 ...