Core Viewpoint - Huawei's HarmonyOS concept has experienced a volatile rebound, with several related companies seeing significant stock price increases [1] Group 1: Stock Performance - Companies such as Borui Data, Geer Software, Rongji Software, and 360 Technology have reached their daily price limit increase [1] - Other companies including Dongfang Guoxin, Dahua Intelligent, Zhaori Technology, Softcom Power, Wantong Technology, and Tuwei Information also experienced stock price increases [1]

Group 1 - Financial IT stocks are active, with the fintech sector showing positive performance, highlighted by stocks like Geer Software hitting the daily limit, and others like Highwei, Yingshisheng, and Shenzhou Information rising over 3% [1] - The financial technology ETF (159851) saw an intraday increase of over 1%, with real-time transaction volume exceeding 1 billion yuan, indicating strong market interest [1] - The current market is in a phase of bottom consolidation, suggesting potential low-position investment opportunities [1] Group 2 - CITIC Securities believes that the A-share bull market is likely to continue, driven by policy shifts and improved liquidity, with core logic expected to strengthen through 2026 [2] - Guotai Junan Securities indicates that the "transformation bull" in China is far from over, with economic transformation and capital market reforms expected to amplify bullish sentiment [2] - Open Source Securities recommends focusing on sectors like internet brokerages and financial IT, as non-bank financials are expected to benefit significantly from the ongoing bull market [2] Group 3 - The financial technology ETF (159851) has a scale exceeding 10 billion yuan, with an average daily transaction volume of 500 million yuan over the past month, leading among similar ETFs tracking the same index [3] - The ETF covers a wide range of themes, including internet brokerages, financial IT, cross-border payments, AI applications, and Huawei's HarmonyOS [3]

Group 1 - Quantum technology concept stocks experienced a surge during trading, with Geer Software hitting the daily limit up [1] - Other companies such as Fujida, Dahua Intelligent, Shenzhou Information, Keda Guochuang, and Jida Zhengyuan also saw significant gains [1]

Core Viewpoint - Geer Software (603232) has experienced a significant decline in stock price, dropping 13.0% from 26.77 CNY to 23.29 CNY as of November 14, 2025, with a current market capitalization of 5.452 billion CNY [1] Trading Information Summary - Geer Software reached a daily turnover rate of 20%, leading to its third appearance on the Shanghai and Shenzhen Stock Exchange's "Dragon and Tiger List" within five trading days as of November 10, 2025 [1][5] Company Announcement Summary - On November 13, 2025, Geer Software held its 31st meeting of the 8th Board of Directors and the 22nd meeting of the 8th Supervisory Board, approving multiple proposals for a simplified procedure to issue shares to specific targets [2] - The company finalized 12 issuance targets at a price of 17.09 CNY per share, raising a total of approximately 282.99 million CNY by issuing 16,559,391 shares [2][5] - The funds raised will be allocated to projects including the industrialization of anti-quantum password technology (investment of 160.28 million CNY, internal rate of return of 16.35%) and the research and industrialization of a trusted data space platform (investment of 89.35 million CNY, internal rate of return of 15.55%) [3] Fund Utilization Summary - The previous fundraising net amount was approximately 635.96 million CNY, with 511.67 million CNY utilized as of September 30, 2025, leaving 189.04 million CNY unspent, which accounts for 29.72% of the net amount [4] - Completed projects include "Intelligent Internet Security Technology R&D and Industrialization" and "Next-Generation Digital Trust Product R&D and Industrialization," with surplus funds redirected to "Data Security Management Platform R&D and Business Expansion" and permanent working capital [4][5]

Core Viewpoint - Geer Software's stock has shown significant volatility, with an 80.67% increase year-to-date, but a recent decline of 13.41% over the past five trading days, indicating potential market fluctuations and investor sentiment shifts [1]. Financial Performance - For the period from January to September 2025, Geer Software reported a revenue of 235 million yuan, a year-on-year decrease of 29.25%, and a net profit attributable to shareholders of -65.41 million yuan, down 71.98% year-on-year [2]. - The company has cumulatively distributed dividends of 149 million yuan since its A-share listing, with 25.58 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 14, Geer Software's stock price was 23.18 yuan per share, with a market capitalization of 5.426 billion yuan. The stock experienced a trading volume of 148 million yuan and a turnover rate of 2.75% [1]. - The stock has appeared on the "龙虎榜" (Dragon and Tiger List) 11 times this year, with the most recent appearance on November 10, where it recorded a net buy of -173 million yuan [1]. Shareholder Information - As of September 30, 2025, Geer Software had 30,300 shareholders, a decrease of 29.99% from the previous period, with an average of 7,633 circulating shares per shareholder, an increase of 42.83% [2]. - Among the top ten circulating shareholders, Huabao Zhongzheng Financial Technology Theme ETF holds 2.8065 million shares, an increase of 1.3458 million shares compared to the previous period [3]. Business Overview - Geer Software, established on March 3, 1998, specializes in the research, production, and sales of commercial cryptographic software products, primarily focusing on Public Key Infrastructure (PKI) [2]. - The company's revenue composition includes 42.98% from PKI security application products, 33.02% from general security products, and 23.94% from PKI infrastructure products [2].

Group 1 - The core point of the article is that Geer Software (SH 603232) announced the convening of its 30th meeting of the 8th Board of Directors on November 13, 2025, to discuss the proposal for a simplified procedure for issuing A-shares to specific targets for the year 2025 [1] - For the first half of 2025, Geer Software's revenue composition shows that the software industry accounted for 99.93% of total revenue, while other businesses contributed only 0.07% [1] - As of the time of reporting, Geer Software has a market capitalization of 5.3 billion yuan [1] Group 2 - The article also highlights a broader economic context where exports to the U.S. have declined to levels not seen in seven years, while China's total export volume has reached a historical high, indicating a shift in export dynamics [1]

股票简称：格尔软件 股票代码：603232 1 格尔软件股份有限公司 2025 年度以简易程序向特定对象 发行 A 股股票方案论证分析报告 （修订稿） 格尔软件股份有限公司（以下简称"公司"或"格尔软件"）是在上海证券 交易所主板上市的公司。为满足业务发展的需要，扩大经营规模以及进一步增强 资本实力，根据《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》"）、《上市公司证券发行注册 管理办法》（以下简称"《注册管理办法》"）等相关法律、法规和规范性文件 的规定，公司拟通过以简易程序向特定对象发行 A 股股票的方式募集资金不 超过 2.83 亿元（含本数），用于抗量子密码技术产业化项目、可信数据空间平 台研发及产业化项目和补充流动资金。 一、本次以简易程序向特定对象发行 A 股股票的背景和目的 （一）本次以简易程序向特定对象发行 A 股股票的背景 1、在法律法规体系建设的推动下，信息安全行业市场持续稳定增长 我国始终高度重视信息安全产业的发展，近年来，以《网络安全法》《数据 安全法》《个人信息保护法》为核心的法律体系进一步细化落地以及《网络数据 安全管理条例》《 ...

证券代码：603232 证券简称：格尔软件 公告编号：2025-073 格尔软件股份有限公司 关于2025年度以简易程序向特定对象发行A股股票预 案（修订稿）披露的提示性公告 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。 格尔软件股份有限公司（以下简称"公司"）于2025年11月13日召开第八届 董事会第三十一次会议、第八届监事会第二十二次会议，审议并通过了《关于更 新公司2025年度以简易程序向特定对象发行A股股票预案的议案》等相关议案。 具体详见公司在上海证券交易所网站（www.sse.com.cn）披露的相关公告及文件， 敬请广大投资者注意查阅。 本次预案披露事项不代表审批、注册部门对本次发行相关事项的实质性判断、 确认或批准，预案所述本次以简易程序向特定对象发行A股股票相关事项的生效 和完成尚待上海证券交易所审核通过，并经中国证监会同意注册。敬请广大投资 者注意投资风险。 特此公告。 格尔软件股份有限公司董事会 2025 年 11 月 14 日 ...

股票简称：格尔软件 股票代码：603232 格尔软件股份有限公司 2025年度以简易程序向特定对象 发行A股股票预案 （修订稿） 二〇二五年十一月 公司声明 1、公司及董事会全体成员保证本预案内容真实、准确、完整，并确认不存 在虚假记载、误导性陈述或重大遗漏，按照诚信原则履行承诺，并承担相应的法 律责任。 2、本预案按照《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司证券发行注册管理办法》等法律、法规及规范性文件的要求编制。 3、本次以简易程序向特定对象发行A股股票完成后，公司经营与收益的变 化由公司自行负责；因本次以简易程序向特定对象发行A股股票引致的投资风险， 由投资者自行负责。 4、本预案是公司董事会对本次以简易程序向特定对象发行A股股票的说明， 任何与之不一致的声明均属不实陈述。 5、投资者如有任何疑问，应咨询自己的股票经纪人、律师、专业会计师或 其他专业顾问。 6、本预案所述事项并不代表审批机构对于本次以简易程序向特定对象发行 A股股票相关事项的实质性判断、确认、批准。本预案所述本次以简易程序向特 定对象发行A股股票相关事项的生效和完成尚待取得上海证券交易所审核通过并 经中国证监会作出予 ...

会会计师 李今所（特殊普通合伙） anahai Eertified Public Accountants (Special General Partnership) 关于格尔软件股份有限公司 格尔软件股份有限公司 非经常性损益的鉴证报告 上会师报字(2025)第 16580 号 上会会计师事务所（特殊普通合伙） 中国 上海 非经常性损益的鉴证报告 上会师报字(2025)第 16580 号 格尔软件股份有限公司全体股东: 我们接受委托，对后附的格尔软件股份有限公司(以下简称"贵公司")2025 年 1-9 月、2024 年度、2023 年度、2022 年度的非经常性损益表（以下简称"非经常性损益明 细表")执行了鉴证工作。按照中国证券监督管理委员会印发的《公开发行证券的公司 信息披露解释性公告第 1 号――非经常性损益(2023 年修订》的规定，编制非经常性 损益明细表、提供真实、合法、完整的鉴证证据是贵公司管理层的责任,我们的责 任是在执行鉴证工作的基础上对非经常性损益明细表提出鉴证结论。 我们按照《中国注册会计师其他鉴证业务准则第 3101 号――历史财务信息审计 或审阅以外的鉴证业务》的相关规定执行了鉴证 ...