Core Viewpoint - The company, Inspur Software Co., Ltd., has announced its third-quarter financial results for 2025 and plans to hold an investor briefing to discuss these results and address investor inquiries [14][15]. Financial Data - The financial statements for the third quarter of 2025 have not been audited [3][6]. - The report indicates that there were no significant changes in the financial indicators compared to the previous period [4]. Shareholder Information - The second extraordinary general meeting of shareholders was held on October 30, 2025, with all resolutions passed, including the cancellation of the supervisory board and amendments to the company's articles of association [10][11]. - The meeting was conducted in compliance with the Company Law and the company's articles of association, with all necessary legal procedures followed [12]. Investor Briefing - The investor briefing is scheduled for November 25, 2025, from 11:00 to 12:00, and will be held online at the Shanghai Stock Exchange Roadshow Center [14][16]. - Investors can submit questions in advance from November 18 to November 24, 2025, through the designated website or via email [17][18].

证券代码：600756 证券简称：浪潮软件 编号：临 2025-050 浪潮软件股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 重要内容提示： 投资者可于 2025 年 11 月 18 日（星期二）至 11 月 24 日（星期一） 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过 公司邮箱 600756@inspur.com 进行提问。公司将在说明会上对投资者 普遍关注的问题进行回答。 浪潮软件股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入 地了解公司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 11 月 25 日（星期二）11:00-12:00 举行 2025 年第三季度业绩说 明会，就投资者关心的问题进行交流。 一、说明会类型 会议召开时间：2025 年 11 月 25 日（星期二）11:00-12:00 会议召开地点：上海证券交易所上证 ...

本次会议是否有否决议案：无 一、会议召开和出席情况 证券代码：600756 证券简称：浪潮软件 公告编号：临 2025-049 浪潮软件股份有限公司 2025年第二次临时股东大会决议公告 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： (一)股东大会召开的时间：2025 年 10 月 30 日 (二)股东大会召开的地点：山东省济南市高新区浪潮路 1036 号 S06 楼南三层 309 会议室 (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 | 510 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 90,262,472 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 25.8166 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东大会主持情况等。 本次会议由公司董事会召集，采用现场投票和网络投票相结合的方式召开， 符合《公司法》和《公司章程》的规定。本 ...

北京市东城 区北三环东 路36号环球 贸易中心 B 座 11 层 电话（Tel）： 52213236/7 邮编（P.C）： 100013 2、本所律师仅就本次会议的召集与召开程序、召集人和出席现场会议人员 资格、会议表决程序及表决结果的合法性发表意见，不对本次会议所审议的议案 内容及该等议案所表述的事实或数据的真实性、准确性和完整性发表意见；本所 律师无法对网络投票过程进行见证，参与本次会议网络投票的股东资格、网络投 票结果均由上海证券交易所交易系统和互联网投票系统予以认证。 3、为出具本法律意见书，本所律师已经按照《股东会规则》的要求对公司 提供的有关公司召开本次股东大会的文件进行了必要的核查和验证，听取了公司 就有关事实的陈述和说明，出席了公司本次股东大会。公司承诺其所提供的文件 和所作的陈述和说明是完整、真实和有效的，无任何隐瞒、疏漏之处。 北京市君致律师事务所 关于浪潮软件股份有限公司 2025 年第二次临时股东大会的法律意见书 致：浪潮软件股份有限公司 北京市君致律师事务所（以下简称"本所"）受浪潮软件股份有限公司（以下 简称"公司"）的委托，指派律师出席 2025 年 10 月 30 日下午 2: ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥298,036,500.54, a decrease of 36.16% compared to the same period last year[3] - The total profit for the period was -¥64,283,121.17, with a year-to-date total profit of -¥214,180,936.53, indicating significant losses[3] - The net profit attributable to shareholders was -¥63,189,423.03 for the quarter and -¥211,056,853.53 year-to-date, reflecting a decline in profitability[3] - Total operating revenue for the first three quarters of 2025 was CNY 727,358,059.63, a decrease of 29.6% compared to CNY 1,033,295,551.88 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was a loss of CNY 212,858,319.46, compared to a loss of CNY 96,620,476.67 in the same period of 2024[20] - The total comprehensive income for the current period is -212,858,319.46 RMB, compared to -96,620,476.67 RMB in the previous period, reflecting a worsening financial performance[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,143,494,180.24, down 4.36% from the previous year-end[4] - Current assets as of September 30, 2025, totaled CNY 2,186,683,628.57, a decrease from CNY 2,367,875,579.35 at the end of 2024[15] - Total assets as of September 30, 2025, were CNY 4,143,494,180.24, down from CNY 4,332,459,794.22 at the end of 2024[17] - Total liabilities as of September 30, 2025, amounted to CNY 2,031,500,656.28, compared to CNY 1,995,367,396.46 at the end of 2024[17] - The equity attributable to shareholders decreased by 9.60% to ¥2,102,600,609.40 compared to the end of the previous year[4] Cash Flow - The company reported a net cash flow from operating activities of -¥289,981,828.15 year-to-date, indicating cash flow challenges[3] - Cash inflows from operating activities for the first three quarters of 2025 amount to 943,067,590.69 RMB, up from 819,536,599.46 RMB in the same period of 2024, indicating improved cash generation from operations[23] - The net cash flow from operating activities is -289,981,828.15 RMB, an improvement from -541,644,218.74 RMB in the previous year, suggesting a reduction in operational cash losses[23] - The ending cash and cash equivalents balance is 240,667,325.59 RMB, down from 327,358,122.16 RMB in the previous period, indicating a decrease in liquidity[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,525[10] - The basic and diluted earnings per share for the quarter were both -¥0.19, with year-to-date figures at -¥0.65[3] - The basic and diluted earnings per share for the current period are both -0.65 RMB, compared to -0.29 RMB in the previous period, showing a decline in earnings per share[21] Investments and Expenses - The company reported a significant increase in inventory, which rose to CNY 435,940,358.12 from CNY 260,102,811.88 in the previous year[15] - Research and development expenses for the first three quarters of 2025 were CNY 171,519,534.66, slightly down from CNY 189,599,785.41 in the same period of 2024[20] - The company’s long-term equity investments increased to CNY 728,917,705.73 from CNY 720,303,524.22 at the end of 2024[16] Government Support - The company received government subsidies amounting to ¥481,505.60 during the period, contributing to non-operating income[6] Accounting Standards - The company has not applied new accounting standards for the current reporting period[25]

Core Viewpoint - The company reported a significant decline in revenue and incurred net losses in the third quarter and the first three quarters of the year [1] Financial Performance - The third quarter revenue was 298 million yuan, representing a year-on-year decrease of 36.16% [1] - The net loss for the third quarter was 63.19 million yuan [1] - For the first three quarters, the total revenue was 727 million yuan, showing a year-on-year decline of 29.61% [1] - The net loss for the first three quarters amounted to 211 million yuan [1]

Group 1 - The core viewpoint of the news is that Inspur Software's stock has shown positive performance recently, with a year-to-date increase of 15.21% and a market capitalization of 5.772 billion yuan [1] - As of October 28, the stock price reached 16.51 yuan per share, with a trading volume of 134 million yuan and a turnover rate of 2.52% [1] - The company has seen a net inflow of main funds amounting to 16.64 million yuan, with significant buying activity from large orders [1] Group 2 - For the first half of 2025, Inspur Software reported an operating income of 429 million yuan, a year-on-year decrease of 24.21%, and a net profit attributable to shareholders of -148 million yuan, down 66.90% year-on-year [2] - The company has distributed a total of 234 million yuan in dividends since its A-share listing, with 21.07 million yuan distributed in the last three years [3] - As of June 30, 2025, the number of shareholders decreased to 71,000, while the average circulating shares per person increased by 1.14% to 4,564 shares [2]

Core Insights - The transition from "handicraft" to industrialization in AI has occurred in less than three years, contrasting with the 200 years for Western countries and over 70 years for China [2] - The focus has shifted from delivering AI tools to delivering value, as highlighted by industry leaders at a recent Sequoia Capital event [2] - The Chinese government is actively promoting AI value delivery, with a plan to integrate AI into six key sectors by 2027 and achieve over 90% application penetration by 2030 [2][6] Group 1: Development Environment and Strategies - The Chinese government has proposed innovative measures to support the development of intelligent technologies, including establishing national AI application pilot bases to bridge technology and industry [3] - Domestic AI development paths differ from international ones, with China focusing on application scenarios rather than foundational research [3][4] - Companies are encouraged to integrate foundational model capabilities with China's vast vertical industry scenarios to address practical implementation challenges [4] Group 2: Challenges in AI Implementation - Key challenges hindering AI application include long development cycles, high costs, and low model quality in practical business applications [6] - The traditional model development process is labor-intensive, requiring significant time and resources, which conflicts with the market's demand for customized and efficient AI services [6][7] - Many AI models fail to meet business needs due to mismatched model selection and business requirements, as well as data quality issues [7][8] Group 3: Industrialization of AI Models - The concept of AI applications evolving into a service-oriented model rather than a maintenance-oriented one is gaining traction [9] - Companies like Inspur are establishing AI model factories to streamline the model production process, significantly reducing development time and costs [9][10] - The average model manufacturing cycle has been reduced from 90 person-days to approximately 20 person-days, improving efficiency by 75% [10] Group 4: Future Directions - As AI enters the "Agent era," the focus should be on quickly integrating AI agents with business scenarios to create value [11] - The industrial revolution in large models is reshaping industry structures and paving the way for a new era of accessible intelligence for all [12]

Core Viewpoint - The report outlines the issuance of shares by Inspur Software Co., Ltd. to a specific entity, which will increase the shareholding of Inspur Technology Co., Ltd. to 25% of the total shares, enhancing its control over the company and optimizing its financial structure [1][2][15]. Group 1: Share Issuance Details - The company plans to issue 25,530,000 shares at a price of 10.91 yuan per share, raising a total of approximately 278.53 million yuan [43][47]. - The share issuance has been approved by the Shanghai Stock Exchange and the China Securities Regulatory Commission [2][46]. - After the issuance, Inspur Technology will hold 87,411,000 shares, representing 25% of the total share capital [2][15]. Group 2: Purpose and Impact of the Share Issuance - The primary purpose of the share issuance is to strengthen the company's financial position and support future operational development [9][10]. - The issuance is expected to enhance the company's market position and overall competitiveness [9][10]. - The company will maintain its independent operational capabilities and governance structure post-issuance [33][58]. Group 3: Financial and Operational Stability - The financial data indicates that the company has maintained stable operations over the past three years, with no significant legal or financial issues reported [6][7]. - The funds raised will be used to improve liquidity and reduce financial costs, thereby enhancing the company's ability to withstand market risks [59]. - The company does not plan to change its main business operations or make significant adjustments in the next 12 months [29][30].

浪潮软件股份有限公司 详式权益变动报告书 上市公司名称：浪潮软件股份有限公司 股票上市地：上海证券交易所 股票简称：浪潮软件 股票代码：600756 信息披露义务人：浪潮软件科技有限公司 住所：中国（山东）自由贸易试验区济南片区浪潮路 1036 号浪潮科技园 通讯地址：中国（山东）自由贸易试验区济南片区浪潮路 1036 号浪潮科技园 股份变动性质：股份增加（认购上市公司向特定对象发行的股票） 签署日期：二〇二五年十月 信息披露义务人声明 一、本报告书依据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证券法》"）、《上市公司收购管理办法》（以 下简称"《收购管理办法》"）、《公开发行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》《公开发行证券的公司信息披露内容与格式准则第 16 号——上市公司收购报告书》等法律、法规及部门规章的有关规定编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程或内部规则中的任何条款，或与之相冲突。 三、依据《证券法》《收购管理办法》的规定，本报告书已全面披露了信息 披露义务人在 ...