证券代码：603232 证券简称：格尔软件 公告编号：2025-071 格尔软件股份有限公司 第八届董事会第三十一次会议决议公告 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。 格尔软件股份有限公司（以下简称"公司"）第八届董事会第三十一次会议 于 2025 年 11 月 8 日以书面形式发出会议通知，并于 2025 年 11 月 13 日以现场 和通讯相结合的方式召开，会议由公司董事长杨文山先生主持，会议应到董事 9 人，实到 9 人，公司监事和公司高级管理人员列席了会议。本次会议的召开符合 《公司法》及《公司章程》的有关规定。经全体与会董事认真审议，以记名投票 表决方式，逐项表决审议通过了以下议案： 一、审议通过了《关于公司 2025 年度以简易程序向特定对象发行股票竞价 结果的议案》 根据《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》《上海证券交易所上市公司证券发行与承销业务实施细则》 等相关法律、法规和规范性文件的有关规定及公司 2024 年年度股东大会的授权， 公司及保荐机构（主承 ...

Market Overview - The software development sector experienced a decline of 1.4% on November 12, with Fangzhi Technology leading the drop [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Top Performers - Anke Technology (600654) saw a significant increase of 10.00%, closing at 4.29, with a trading volume of 1.643 million shares and a transaction value of 690 million [1] - Yingfang Software (688435) rose by 8.61%, closing at 57.65, with a transaction value of 531 million [1] - Gaoweida (300465) increased by 6.49%, closing at 22.65, with a transaction value of 953 million [1] Underperformers - Fangzhi Technology (300235) experienced a sharp decline of 14.25%, closing at 14.20, with a trading volume of 374,200 shares and a transaction value of 553 million [2] - Caishi Information (688631) fell by 12.20%, closing at 66.80, with a transaction value of 409 million [2] - Lingzhi Software (688588) decreased by 10.27%, closing at 16.08, with a transaction value of 26.66 million [2] Capital Flow - The software development sector saw a net outflow of 4.136 billion from institutional investors, while retail investors contributed a net inflow of 3.6 billion [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Anke Technology had a net inflow of 206 million from institutional investors, while retail investors saw a net outflow of 103 million [3] - Gaoweida experienced a net inflow of 10.9 million from institutional investors, with retail investors also seeing a net outflow of 98.15 million [3] - Yingfang Software had a net inflow of 85.036 million from institutional investors, while retail investors faced a net outflow of 42.87 million [3]

Core Viewpoint - Geer Software experienced a decline of 5.33% on November 11, with a stock price of 24.35 yuan per share and a total market capitalization of 5.7 billion yuan [1] Company Overview - Geer Software Co., Ltd. is located in Songjiang District, Shanghai, and was established on March 3, 1998, with its listing date on April 21, 2017 [1] - The company specializes in the research, production, sales, and service of commercial cryptographic software products, primarily focusing on Public Key Infrastructure (PKI) [1] - The revenue composition of the company includes: PKI security application products (42.98%), general security products (33.02%), PKI infrastructure products (23.94%), and other products (0.07%) [1] Shareholder Information - Huabao Fund's Huabao CSI Financial Technology Theme ETF (159851) is among the top ten circulating shareholders of Geer Software, having increased its holdings by 1.3458 million shares in the third quarter, totaling 2.8065 million shares, which represents 1.21% of the circulating shares [2] - The estimated floating loss for Huabao CSI Financial Technology Theme ETF today is approximately 3.8449 million yuan [2] Fund Manager Information - The fund managers of Huabao CSI Financial Technology Theme ETF are Chen Jianhua and Cao Xucheng [3] - Chen Jianhua has a cumulative tenure of 12 years and 328 days, with the fund's total asset size at 27.702 billion yuan and a best return of 176.39% during his tenure [3] - Cao Xucheng has a tenure of 174 days, with the fund's total asset size at 35.182 billion yuan and a best return of 88.91% during his tenure [3]

New Stock Issuance - The stock code 300277 (海联讯) has a subscription period for acquisition rights from November 12 to November 18, 2025[1] - Stock code 603388 (*ST元成) reported severe abnormal fluctuations[1] - Stock code 002478 (常宝股份) announced a significant event with a value of 23[1] Trading Alerts - Stock code 601061 (中信金属) has a trading alert issued on November 8, 2025[1] - Stock code 600078 (澄星股份) has a trading alert issued on November 8, 2025[1] - Stock code 601179 (中国西电) has a trading alert issued on November 8, 2025[1] Abnormal Fluctuations - Stock code 000892 (欢瑞世纪) reported abnormal fluctuations on November 4, 2025[1] - Stock code 603876 (鼎胜新材) reported abnormal fluctuations on November 4, 2025[1] - Stock code 603595 (ST东尼) reported abnormal fluctuations on November 5, 2025[1]

Core Viewpoint - Geer Software (603232) experienced a decline of 3.92% in its stock price, with a trading volume of 1.759 billion yuan and a turnover rate of 29.96% on the day of reporting [2] Trading Activity - The stock was listed on the Shanghai Stock Exchange's "龙虎榜" due to its high turnover rate, with a total net sell of 173 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction volume of 371 million yuan, with buying amounting to 98.68 million yuan and selling amounting to 272 million yuan, resulting in a net sell of 173 million yuan [2] - The largest buying and selling brokerage was Goldman Sachs (China) Securities, with a buying amount of 24.846 million yuan and a selling amount of 96.176 million yuan [2] Stock Performance - Over the past six months, the stock has appeared on the "龙虎榜" 10 times, with an average price increase of 2.99% the day after being listed and an average increase of 7.54% over the following five days [2] Capital Flow - On the reporting day, the stock saw a net outflow of 141 million yuan in principal funds, with large orders contributing to a net outflow of 50.515 million yuan and a net outflow of 90.096 million yuan from larger funds [2] - In the past five days, the stock experienced a net inflow of 231 million yuan in principal funds [2] Financial Performance - The company's third-quarter report indicated that it achieved a revenue of 235 million yuan for the first three quarters, representing a year-on-year decline of 29.25%, and a net loss of 65.413 million yuan [2]

Market Overview - As of November 10, the Shanghai Composite Index closed at 4018.60 points, up 21.04 points, with a gain of 0.53% [1] - The Shenzhen Component Index closed at 13427.61 points, up 23.56 points, with a gain of 0.18% [1] - The ChiNext Index closed at 3178.83 points, down 29.38 points, with a loss of 0.92% [1] Stock Performance - A total of 81 A-shares had a turnover rate exceeding 20% on this day, indicating significant trading activity [1] - Notable stocks with high turnover rates included: - Haili Heavy Industry (002255) with a turnover rate of 54.19% and a closing price of 14.86 CNY, up 3.34% [1] - Zhongneng Electric (300062) with a turnover rate of 52.40% and a closing price of 11.12 CNY, down 2.28% [1] - Xue Ren Group (002639) with a turnover rate of 50.85% and a closing price of 15.00 CNY, up 7.45% [1] Notable Stocks with High Turnover Rates - The following stocks also exhibited significant turnover rates: - C Daming (603376) at 49.12% turnover, closing at 46.12 CNY, down 9.50% [1] - Qing Shui Yuan (300437) at 46.35% turnover, closing at 17.59 CNY, up 19.99% [1] - Zhongzhi Technology (301361) at 46.11% turnover, closing at 40.68 CNY, up 4.33% [1] Additional High Turnover Stocks - Other stocks with notable turnover rates included: - C Delijia (603092) at 44.10% turnover, closing at 72.82 CNY, up 3.26% [1] - Haike New Source (301292) at 43.80% turnover, closing at 48.50 CNY, up 14.33% [1] - Bluefeng Biochemical (002513) at 42.39% turnover, closing at 8.86 CNY, up 0.34% [1]

Core Viewpoint - Geer Software (603232) experienced a significant increase in stock price by 4.82% with a trading volume of 2.04 billion yuan and a turnover rate of 33.65% on the day of reporting [2][3]. Trading Activity - The stock was listed on the Shanghai Stock Exchange's "Dragon and Tiger List" due to its high turnover rate, with a total net purchase of 16.47 million yuan from brokerage seats [2]. - The top five brokerage seats accounted for a total transaction volume of 492 million yuan, with a net purchase of 16.47 million yuan after a buy transaction of 254 million yuan and a sell transaction of 238 million yuan [2]. - The largest buying brokerage was Goldman Sachs (China) Securities, which purchased 95.25 million yuan, while the largest selling brokerage was Guotai Junan Securities, which sold 74.01 million yuan [2]. Recent Performance - Over the past six months, the stock has appeared on the "Dragon and Tiger List" nine times, with an average price increase of 3.86% the day after being listed and an average increase of 10.05% over the following five days [3]. - On the day of reporting, the stock saw a net outflow of 99.77 million yuan in main funds, with a significant outflow of 126 million yuan from large orders, while smaller orders saw a net inflow of 26.08 million yuan [3]. - In the last five days, the main funds experienced a net inflow of 374 million yuan [3]. Financial Performance - The company reported a revenue of 235 million yuan for the first three quarters, reflecting a year-on-year decline of 29.25%, and a net loss of 65.41 million yuan [3].

Group 1 - The core viewpoint of the news is that Geer Software's stock has increased by 5.01%, reaching a price of 26.82 yuan per share, with a trading volume of 1.126 billion yuan and a turnover rate of 19.00%, resulting in a total market capitalization of 6.278 billion yuan [1] - Geer Software, established on March 3, 1998, and listed on April 21, 2017, is based in Shanghai and specializes in the research, production, sales, and service of commercial cryptographic software products centered around Public Key Infrastructure (PKI) [1] - The company's main business revenue composition includes PKI security application products at 42.98%, general security products at 33.02%, PKI infrastructure products at 23.94%, and other products at 0.07% [1] Group 2 - From the perspective of Geer Software's top ten circulating shareholders, Huabao Fund's Huabao CSI Financial Technology Theme ETF (159851) increased its holdings by 1.3458 million shares in the third quarter, now holding 2.8065 million shares, which accounts for 1.21% of the circulating shares [2] - The Huabao CSI Financial Technology Theme ETF was established on March 4, 2021, with a latest scale of 12.319 billion yuan, and has achieved a year-to-date return of 22.13%, ranking 2659 out of 4216 in its category [2] - The fund has a one-year return of 14.87%, ranking 2847 out of 3913, and a cumulative return since inception of 74.82% [2]

Core Insights - Geer Software (603232) experienced a trading halt today with a turnover rate of 30.06%, total transaction value of 1.704 billion yuan, and a price fluctuation of 13.46% [2] - The stock was listed on the Shanghai Stock Exchange's "Dragon and Tiger List" due to its high turnover rate, with a net buying amount of 207 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction value of 354 million yuan, with a net buying amount of 207 million yuan [2] Trading Activity - The leading buying brokerage was Guotai Junan Securities, Shanghai Jing'an District, with a buying amount of 105 million yuan, while the top selling brokerage was Dongfang Caifu Securities, with a selling amount of 16.5 million yuan [2][3] - Over the past six months, the stock has appeared on the "Dragon and Tiger List" eight times, with an average price increase of 3.72% the day after being listed and an average increase of 9.30% over the following five days [3] Fund Flow - Today, the stock saw a net inflow of 488 million yuan from major funds, with a significant inflow of 429 million yuan from large orders [3] - In the past five days, the net inflow of major funds amounted to 391 million yuan [3] Financial Performance - The company's third-quarter report revealed a total revenue of 235 million yuan for the first three quarters, representing a year-on-year decline of 29.25%, and a net loss of 65.41 million yuan [3]

Core Points - The Shanghai Composite Index rose by 0.97%, the Shenzhen Component Index increased by 1.73%, and the ChiNext Index gained 1.84% on November 6 [1] - Demingli (001309.SZ) saw the highest net inflow of funds at 568 million yuan, accounting for 16.8% of its total trading volume, and closed up 10% with a turnover rate of 8.59% [1][3] - Xue Ren Group (002639.SZ) experienced the largest net outflow of funds, totaling 220 million yuan, which represented 4.27% of its total trading volume, and closed down 2.41% with a turnover rate of 57.23% [1][4] Institutional Activity - On November 6, 28 stocks appeared on the trading leaderboard with institutional involvement, where institutions net sold 105 million yuan in total, buying 9 stocks and selling 19 [4][5] - Haike New Source (301292.SZ) had the highest net purchase by institutions, with a net inflow of 175.83 million yuan and a closing increase of 16.23% [5][6] Northbound Capital - Northbound capital participated in 20 stocks on the leaderboard, with a total net inflow of 1.687 billion yuan, including a net purchase of 525 million yuan from the Shanghai Stock Connect and 1.162 billion yuan from the Shenzhen Stock Connect [9][10] - The stock with the highest net purchase from northbound capital was Yuanjie Technology (688498.SH), with a net inflow of 446 million yuan, while the largest net outflow was from Yue Media (002181.SZ), totaling 39.38 million yuan [10][12] Divergence in Institutional and Northbound Capital - There were discrepancies between institutional and northbound capital activities in several stocks, including Dongshan Precision, Demingli, and Haima Automobile, where institutions sold while northbound capital bought [12][13]