股票简称：用友网络 股票代码：600588 编号：临 2025-081 用友网络科技股份有限公司 除上述调整外，2024 年年度股东大会审议通过的中期票据发行的基本方案 的其他内容和股东大会授权董事会的相关事项保持不变。 4 用友网络科技股份有限公司（以下简称"公司"或"用友网络"）于 2025 年 10 月 30 日召开第九届董事会第二十四次会议，审议通过了《公司关于调整中期票据 发行期限的议案》，同意公司将中期票据的发行期限做出调整。现就相关事项公 告如下： 一、公司中期票据审议和注册情况 公司为进一步拓宽融资渠道，已召开第九届董事会第十八次会议和 2024 年年 度股东大会,审议通过《公司关于拟注册发行中期票据的议案》。2025 年 8 月， 公司收到中国银行间市场交易商协会的《接受注册通知书》，接受公司 20 亿元 中期票据注册，在注册有效期内可分期发行科技创新债券，自 2025 年 8 月 11 日 起 2 年 内 有 效 。 具 体 内 容 详 见 公 司 于 上 海 证 券 交 易 所 网 站 （http://www.sse.com.cn ）上披露的公告（公告编号：临 2025-031 、临 2 ...

Core Viewpoint - Yonyou Network's stock price has shown significant growth this year, with a 42.50% increase, despite recent fluctuations in trading volume and net capital outflow [1][2]. Financial Performance - For the first half of 2025, Yonyou Network reported a revenue of 3.581 billion yuan, a year-on-year decrease of 5.89%, and a net profit attributable to shareholders of -949.5 million yuan, down 18.97% year-on-year [2]. - The company has cumulatively distributed 5.509 billion yuan in dividends since its A-share listing, with 204 million yuan distributed over the past three years [3]. Stock Market Activity - As of October 30, Yonyou Network's stock was trading at 15.29 yuan per share, with a market capitalization of 52.246 billion yuan [1]. - The stock has appeared on the "Dragon and Tiger List" four times this year, with the most recent appearance on August 8, where it recorded a net buy of -172 million yuan [1]. Shareholder Information - As of June 30, 2025, Yonyou Network had 184,100 shareholders, a decrease of 7.38% from the previous period, with an average of 18,563 circulating shares per shareholder, an increase of 7.97% [2][3]. - The top three circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 11.7557 million shares, and Huatai-PB CSI 300 ETF, which increased its holdings by 3.207 million shares [3].

Core Viewpoint - The announcement from Yongyou Network (600588.SH) details the pledging and unpledging of shares by its controlling shareholder, Beijing Yongyou Technology Co., Ltd., indicating a significant level of pledged shares but asserting that the risk remains manageable and does not threaten the company's control [1][2]. Summary by Sections Share Pledge Details - On October 24, 2025, Beijing Yongyou Technology pledged 30,620,000 unrestricted circulating shares to Chongqing International Trust Co., Ltd., with the registration completed on October 27, 2025 [1]. - On August 27, 2025, Beijing Yongyou Technology had previously pledged 41,900,000 unrestricted circulating shares to Haihongda (Beijing) Catering Management Co., Ltd., which were unpledged on October 28, 2025 [1]. Shareholding Structure - After the recent pledges and unpledges, Beijing Yongyou Technology holds 921,161,630 shares, representing 26.96% of the total share capital. The total pledged shares amount to 445,220,000, which is 48.33% of its holdings and 13.03% of the total share capital [1]. - As of October 28, 2025, Beijing Yongyou Technology and its concerted parties hold 1,421,079,511 shares, accounting for 41.59% of the total share capital. The cumulative pledged shares total 521,720,000, which is 36.71% of their holdings and 15.27% of the total share capital [2]. Risk Management - Yongyou Network asserts that the pledge risk is within a controllable range and does not pose a threat to the actual control of the company. In the event of a margin call risk, Beijing Yongyou Technology plans to take measures such as additional pledging or early repurchase of shares to prevent forced liquidation and will promptly disclose information to the market [2].

Group 1 - The Computer ETF (159998) has risen by 0.28% as of October 28, 2025, marking its fourth consecutive increase, with a turnover rate of 4.25% and a transaction volume of 121 million yuan [3] - The Computer ETF (159998) has seen a cumulative increase of 3.82% over the past week, ranking first among comparable funds, with a significant growth in scale of 8.639 million yuan [3] - The Tianhong Sci-Tech Index ETF (589860) has a turnover rate of 11.44% and a transaction volume of 40.4241 million yuan, indicating active market trading [3] Group 2 - The Computer ETF (159998) covers a wide range of sectors including information technology services, application software, and communication equipment, featuring leaders in AI applications and hardware manufacturing [4] - The Tianhong Sci-Tech Index ETF (589860) covers 97% of the market capitalization of the Sci-Tech board, with a balanced allocation in strategic emerging industries such as semiconductors and artificial intelligence [4] - The U.S. Department of Energy has announced a collaboration with NVIDIA and Oracle to build seven new AI supercomputers, emphasizing the importance of AI in scientific research [5] Group 3 - The quantum technology market is expected to exceed $6.1 billion globally by 2025, with China's market projected to reach 11.56 billion yuan, reflecting a compound annual growth rate of over 30% [6] - CITIC Securities highlights the need to accelerate innovation in AI and digital technologies, predicting significant growth in capital expenditure related to AI model development [7]

Core Viewpoint - The announcement details the pledge and release of shares by the controlling shareholder of Yonyou Network Technology Co., Ltd., indicating significant shareholding and pledge ratios, while emphasizing the company's financial stability and risk management measures [2][5][7]. Summary by Sections 1. Share Pledge Basic Situation - On October 24, 2025, Beijing Yonyou Technology Co., Ltd. pledged 30,620,000 unrestricted circulating shares to Chongqing International Trust Co., Ltd., with the registration completed on October 27, 2025 [3]. 2. Share Release Basic Situation - On August 27, 2025, Beijing Yonyou Technology pledged 41,900,000 unrestricted circulating shares to Haihongda (Beijing) Catering Management Co., Ltd., which were released from pledge as notified on October 28, 2025 [5]. 3. Cumulative Pledged Shares by Controlling Shareholder and Action-in-Consort - As of October 28, 2025, Beijing Yonyou Technology and its action-in-consort entities held 1,421,079,511 shares, accounting for 41.59% of the total share capital. The cumulative pledged shares amounted to 521,720,000, representing 36.71% of their holdings and 15.27% of the total share capital [2][5]. 4. Financial Repayment Ability and Related Arrangements - Beijing Yonyou Technology has a good credit status and repayment capability, with future repayment sources primarily from operating income, operating profit, and investment income [5]. 5. Risk Management Measures - The pledge risk is considered manageable, with no potential for a change in actual control of the company. In case of margin call risks, Beijing Yonyou Technology will take measures such as additional pledging of shares or early repurchase to prevent stock liquidation and will promptly notify the listed company for information disclosure [7].

股票简称：用友网络 股票代码：600588 编号：临 2025-078 用友网络科技股份有限公司 关于控股股东部分股份质押及解除质押的公告 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。 重要内容提示： 用友网络科技股份有限公司（以下简称"公司"）控股股东北京用友科技 有限公司（以下简称"北京用友科技"）持有公司股份 921,161,630 股，占公司总 股本 26.96%，本次股份质押及解除质押后，北京用友科技累计质押公司股份 445,220,000 股，占其持股总数的 48.33%，占公司总股本的 13.03%。 截至 2025 年 10 月 28 日，北京用友科技及其一致行动人上海用友科技咨 询有限公司、北京用友企业管理研究所有限公司持有公司股份 1,421,079,511 股， 占公司总股本的 41.59%。本次质押及解除质押后，北京用友科技及其一致行动 人累计质押数量为 521,720,000 股，占其持股数量的 36.71%，占公司总股本的 15.27%。 一、公司股份质押基本情况 1、本次股份质押基本情况 ...

Group 1 - The A-share market saw a decline in major indices in the afternoon, with sectors such as quantum technology and AI showing initial strength before tapering off [1] - Google announced a significant breakthrough in quantum computing, achieving verifiable quantum advantage with its Willow module, running an algorithm 13,000 times faster than leading supercomputers, marking a step towards practical applications in fields like medicine and materials science [1] - Tianfeng Securities highlighted that "AI+" will usher in a new era of smart economy in China, with clear development directions for AI applications, suggesting that generative AI remains a focus due to its high commercialization value [1] Group 2 - The AI ETF (515070) tracks the CS AI Theme Index (930713), selecting stocks that provide technology, resources, and applications for AI, focusing on the midstream and upstream of the AI industry chain [2] - The top ten weighted stocks in the AI ETF include leading domestic tech companies such as Zhongji Xuchuang, Xinyisheng, and Hikvision, among others [2] - Related products include the AI ETF (515070), the Huaxia Growth Enterprise Software ETF (159256), and the Huaxia 200 ETF (159573) [2]

Core Points - Beijing Yonyou Technology, the controlling shareholder, pledged a total of 126 million shares, accounting for 3.69% of the company's total share capital [1] - As of October 24, 2025, Beijing Yonyou Technology and its concerted parties hold 1,421,079,511 shares, representing 41.59% of the total share capital, with a cumulative pledge of 533 million shares, which is 15.6% of the total share capital [1][2] Summary by Sections Share Pledge Details - On October 22, 2025, Beijing Yonyou Technology pledged 70 million shares to Nanjing Bank, and on October 23, 2025, it pledged an additional 56 million shares to Yantai Huazhou Investment Center [1] - The total pledged shares by Beijing Yonyou Technology and its concerted parties amount to 533 million shares after the recent pledges [1] Shareholding Structure - The shareholding structure shows that Beijing Yonyou Technology holds 921,161,630 shares (26.96%), Shanghai Yonyou Technology Consulting holds 392,069,275 shares (11.47%), and Beijing Yonyou Enterprise Management Research Institute holds 107,848,606 shares (3.16%) [1] - The total shares held by these entities represent 41.59% of the company's total share capital [1] Financial Health and Risk Management - Yonyou Network stated that Beijing Yonyou Technology has a good credit status and repayment capability, with future repayment sources including operating income, operating profit, and investment income [2] - The recent share pledge does not involve new financing arrangements, and the associated risks are considered manageable [2] - In case of potential margin call risks, Beijing Yonyou Technology plans to take measures such as additional pledges or early buybacks to prevent stock liquidation [3]

Group 1: Software ETF Performance - The software ETF has a turnover rate of 4.16% and a transaction volume of 238 million yuan, with a total scale of 5.677 billion yuan, ranking first among comparable funds [3] - The software ETF experienced a net outflow of 54.0446 million yuan recently, but over the past 10 trading days, it has attracted a total of 417 million yuan [3] - As of October 24, 2025, the software ETF's net value has increased by 14.66% over the past three years, with the highest monthly return since inception being 39.35% and an average monthly return of 10.06% [3] Group 2: Key Holdings in Software Sector - As of September 30, 2025, the top ten weighted stocks in the CSI Software Service Index (930601) include iFlytek, Tonghuashun, Kingsoft Office, and others, accounting for a total of 62.41% of the index [3] Group 3: Industry Trends and Developments - The domestic operating system market is expected to reach 25 billion yuan by 2025, with significant growth in domestic IDE tools, such as SnapDevelop, which has attracted over 20,000 registered users [4] - The core industrial software market in China is projected to grow from 31.86 billion yuan in 2024 to 76.5 billion yuan by 2029, with a compound annual growth rate of approximately 19.1% [4] - The development of the domestic software industry is accelerating due to the national push for localization in the context of major technological competition [4]

Group 1 - The China Securities Regulatory Commission (CSRC) issued supplementary material requirements for 11 companies, including Yonyou Network, regarding their overseas issuance and listing [1] - Yonyou Network is required to clarify the pledge situation of shares held by its controlling shareholder and actual controller, assessing whether it could lead to a change in control before and after the issuance [1] - The company must provide details on its value-added telecommunications services, foreign ownership limits, and compliance with foreign investment policies before and after the issuance [1] Group 2 - Yonyou Network is recognized as a leading global provider of enterprise software and intelligent services, focusing on AI, big data, and cloud computing technologies [2] - The company's core cloud service platform, Yonyou BIP, aims to support enterprises in digital transformation and intelligent operations with comprehensive tools and resources [2] - Yonyou BIP is noted for its strong technical foundation and modular delivery capabilities, enhancing the company's service offerings [2]