进一步统计，近3个月内该股累计发生1笔大宗交易，合计成交金额为894.72万元。该股近5个交易日累 计上涨0.69%，主力资金合计净流出2716.27万元。 12月29日，宝信软件收跌0.87%，收盘价为20.52元，发生1笔大宗交易，合计成交量48万股，成交金额 894.72万元。 第1笔成交价格为18.64元，成交48.00万股，成交金额894.72万元，溢价率为-9.16%，买方营业部为机构 专用，卖方营业部为机构专用。 责任编辑：小浪快报 ...

| 2025-12-29 | 宝信软件 | 600845 | 18.64 894.72 | 48 | 机构专用 | 机构专用 | | | Ka | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | | 証券代码 --------- | 成交价(元) 成交金额(万元) 成交量(*) 买入营业部 | | | | 奥出营业部 | 是否为专场 | | 12月29日，宝信软件大宗交易成交48万股，成交额894.72万元，占当日总成交额的4.19%，成交价18.64 元，较市场收盘价20.52元折价9.16%。 ...

证券代码：600845 900926 证券简称：宝信软件 宝信 B 公告编号：临 2025-053 上海宝信软件股份有限公司 2025 年第三次临时股东会决议公告 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)股东会召开的时间：2025 年 12 月 29 日 (二)股东会召开的地点：上海市宝山区湄浦路 361 号公司 302 会议室 表决情况： | 股东类型 | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | | | 票数 | 比例 | 票数 | 比例 | 票数 | 比例 | | | | （%） | | （%） | | （%） | | A 股 | 29,746,793 | 63.7992 | 16,745,242 | 35.9142 | 133,577 | 0.2866 | | B 股 | 61,975,918 | 76.3724 | 19,173,684 | 23. ...

上海市长乐路 989 号世纪商贸广场 26-27 楼 邮编 200031 26-27th Floor, The Center, No.989 Changle Road, Shanghai 200031,P.R.C. Tel: (86-21) 5292-1111, (86-21) 6350-0777 Fax: (86-21) 5292-1001, (86-21) 6272-6366 www.watson-band.com.cn mail@watson-band.com.cn 上海市华诚律师事务所 关于上海宝信软件股份有限公司 2025 年第三次临时股东会 所涉相关问题的 法律意见书 上海市华诚律师事务所 二零二五年十二月 上 海 北 京 香 港 哈尔滨 兰 州 烟 台 广 州 芝加哥 东 京 S h a n g h a i B e i j i n g H o n g K o n g H a r b i n L a n z h o u Y a n t a i G u a n g z h o u C h i c a g o T o k y o 关于上海宝信软件股份有限公司 2025 年第三次临时股东会所涉相关问题的 ...

证券代码：600845 900926 证券简称： 宝信软件 宝信 B 公告编号：临 2025-053 上海宝信软件股份有限公司 (二)股东会召开的地点：上海市宝山区湄浦路 361 号公司 302 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 | 821 | | --- | --- | | 其中：A 股股东人数 | 709 | | 股） 境内上市外资股股东人数（B | 112 | | 2、出席会议的股东所持有表决权的股份总数（股） | 127,775,214 | | 其中：A 股股东持有股份总数 | 46,625,612 | | 境内上市外资股股东持有股份总数(B 股) | 81,149,602 | | 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 | | | 份总数的比例（%） | 4.4508 | | 其中：A 股股东持股占股份总数的比例（%） | 1.6241 | | 境内上市外资股股东持股占股份总数的比例（%） | 2.8267 | 2025年第三次临时股东会决议公告 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 ...

Summary of Key Points from the Equity Research Report Industry Overview - **Industry**: China's Industrial Software Sector - **Current Demand**: Mild recovery in demand observed in 9M25, with overall industrial digitalization demand remaining lukewarm. Many software players are experiencing low capital expenditure willingness and delayed project implementations [3][8] - **Market Performance**: Share prices of Baosight and BOCHU corrected by 29% and 4% YTD, respectively, while Longshine's share price increased by 26% YTD, outperforming the CSI 300 index which rose by 17% YTD [3] Company-Specific Insights Longshine (300682 CH) - **Recommendation**: Upgraded to Buy from Hold with a target price lowered to RMB19.00 from RMB22.00. Expected net profit CAGR of 42% from 2025 to 2027, driven by growth in grid digitalization, EV charging platform nearing breakeven, and power trading [4][18] - **Valuation**: Currently trading at a 0.6x 2026 PEG, compared to the peer average of 0.8x, indicating attractive valuation post-correction [19] - **Earnings Estimates**: 2025 net profit estimates reduced by 14% to RMB446 million, and 2026 estimates lowered by 6% to RMB666 million due to lower online utility payment trading volume and EV charging volume [10][28] - **Revenue Estimates**: Total revenue estimates for 2025 adjusted down by 1% to RMB4.726 billion, with stable growth expected in energy digitalization [11][28] BOCHU (688188 CH) - **Recommendation**: Maintained Buy rating with a target price lowered to RMB153.00 from RMB160.71. Expected net profit CAGR of 22% from 2025 to 2027 [35][46] - **Earnings Estimates**: 2025 net profit estimates reduced by 4% to RMB1.067 billion, with slight increases in revenue estimates for 2025, 2026, and 2027 [39][43] - **Market Position**: Anticipated growth in smart welding and precision processing, despite challenges from intense competition in the laser cutting equipment sector [38][52] Baosight (600845 CH) - **Recommendation**: Maintained Buy rating with a target price lowered to RMB23.00 from RMB32.00. Expected net profit CAGR of 16% over 2025-2027, despite short-term demand pressure in steel digitalization [4][43] - **Earnings Estimates**: Significant cuts in revenue estimates for 2025-2027 by 30-37% due to underestimated impacts from destocking in the downstream steel industry [4][43] Key Risks and Considerations - **Longshine**: - High client concentration with top five clients representing 66% of total revenue, leading to potential revenue volatility [27] - Competition from state-owned enterprises could intensify, impacting market share [27] - Goodwill impairment risk due to significant goodwill on the balance sheet [27] - **BOCHU**: - Intense market competition may lead to gross margin deterioration [52] - Potential share reduction by major shareholders could pressure share price [52] Conclusion - The industrial software sector in China is experiencing a mild recovery, with specific companies like Longshine and BOCHU showing potential for growth despite facing challenges. Longshine is favored for its robust earnings recovery and attractive valuation, while BOCHU is recognized for its overseas expansion and smart welding progress. Baosight, while facing short-term challenges, is still expected to benefit from long-term digitalization trends in the steel industry.

Group 1 - The core viewpoint of the news is that Baoxin Software's stock has experienced fluctuations, with a recent increase in price despite a significant year-to-date decline [1] - As of December 26, Baoxin Software's stock price is 20.79 yuan per share, with a market capitalization of 59.683 billion yuan [1] - The company has seen a net inflow of main funds amounting to 2.1138 million yuan, with significant buying and selling activity from large orders [1] Group 2 - For the period from January to September 2025, Baoxin Software reported a revenue of 7.052 billion yuan, a year-on-year decrease of 27.72%, and a net profit attributable to shareholders of 1.098 billion yuan, down 43.13% year-on-year [2] - The company has distributed a total of 10.067 billion yuan in dividends since its A-share listing, with 5.736 billion yuan distributed in the last three years [3] - As of September 30, 2025, the number of shareholders increased to 137,500, while the average circulating shares per person decreased by 4.86% to 19,437 shares [2][3]

（编辑 丛可心 袁冠琳） 证券日报网讯 12月25日，宝信软件在互动平台回答投资者提问时表示，公司认真学习监管部门关于市 值管理的精神，已制定《市值管理制度》《未来三年股东回报规划（2025-2027）》《2025年度"提质增 效重回报"行动方案》等制度。未来如有相关措施，公司将在履行决策程序后及时披露。 ...

（编辑 丛可心 袁冠琳） 证券日报网讯 12月25日，宝信软件在互动平台回答投资者提问时表示，公司将深耕钢铁行业，依托深 厚的行业应用知识储备，推动机器人规模化接入宝罗云平台，并通过增资控股图灵机器人公司，加强高 端工业机器人领域产业竞争力，努力实现钢铁制造全流程的机器人嵌入式应用。 ...

Core Viewpoint - Baosight Software (600845) is actively expanding its market presence and maintaining a positive development trend in sectors such as data centers, rail transit, and smart cities [1] Group 1 - The company is focusing on market expansion [1] - Positive growth is observed in the data center sector [1] - The rail transit sector is also experiencing good development [1] - The smart city sector is showing favorable growth trends [1]