Core Viewpoint - The company has developed a product line that is initially capable of quantum resistance and has begun collaboration with Galaxy Securities in its business systems [1] Group 1: Product Development - The company's product line is now capable of supporting both international standards and self-developed standards for quantum resistance [1] - The company is conducting pilot projects in high-demand industries such as finance, military, and government [1] Group 2: Market Opportunities - The company has not yet launched a complete project in the stablecoin sector but is conducting in-depth research related to it [1] - The company identifies the security of financial systems and stablecoin systems as significant future market directions, with numerous applications for cryptographic technology [1] Group 3: Applications of Cryptographic Technology - Cryptographic technology can be applied in various scenarios, including off-chain anchoring, on-chain auditing, cross-border privacy protection, anti-money laundering certification, and embedded intelligent authentication [1]

Summary of the Conference Call for Geer Software Company Overview - **Company**: Geer Software - **Industry**: Cybersecurity and Encryption Technology Key Points and Arguments 1. **Performance Expectations**: Geer Software anticipates landing orders of approximately 600-700 million yuan this year, representing a year-on-year increase, and maintains a neutral to slightly optimistic outlook for overall performance [2][3][20] 2. **Sector Performance**: The government and party sectors performed well, while the financial sector saw banks outperforming securities. However, the military sector experienced a significant decline compared to the previous year, negatively impacting overall performance [2][3][20] 3. **Strategic Shift**: The company is shifting its strategy to reduce reliance on encryption as a single label and is expanding into data, AI, and IoT. This includes developing a data middle platform, AI application security, and lightweight encryption products [2][5][6] 4. **Market Potential**: The encryption industry is characterized by strong certainty due to its connection to national security, with significant market potential. Emerging applications are challenging traditional encryption products, necessitating lightweight and user-friendly designs [2][6] 5. **Next-Generation PKI Products**: The next-generation Public Key Infrastructure (PKI) products will include quantum-resistant technology, with preparations underway to address risks posed by quantum computing [2][8][9] 6. **Financial Sector Demand**: There is a strong demand for quantum-resistant technology in the financial sector, with key information fields such as military, government, and state grid showing significant interest. Policy developments are expected to accelerate adoption [2][11] 7. **Acquisition Strategy**: Geer Software has acquired over 50% of Shenzhen Weipin Zhiyuan, focusing on its data middle platform capabilities and relationships with operators and manufacturers, which will help expand AI customer bases and move beyond a single security label [3][13][15] 8. **Future Directions**: The company aims to integrate more AI capabilities into its next-generation PKI systems and develop markets for data security and AI security, which are currently underdeveloped [14][15] 9. **Financial Performance of Acquired Company**: Weipin Zhiyuan reported approximately 500 million yuan in revenue and nearly 40 million yuan in profit for 2024, which enhances Geer Software's future growth potential [17] 10. **Market Trends**: The overall market for quantum-resistant encryption is expected to grow, with standards anticipated to be established by the end of 2025. However, large-scale mandatory replacements are not expected in the short term [21][22] Additional Important Insights - **Customer Adoption**: There are two types of customers regarding quantum-resistant solutions: those willing to invest heavily and adopt immediately, and those proceeding gradually according to policy [12] - **Government Spending Influence**: Special government bonds are expected to have a limited but positive impact on cybersecurity spending, particularly in the military sector [20] - **Long-Term Outlook**: The encryption technology market is projected to have substantial applications over the next 10 to 20 years, especially with the rise of IoT [6][7]

Core Viewpoint - Several companies have announced significant investments, acquisitions, and strategic partnerships, indicating a trend of expansion and diversification in various sectors, including technology, energy, and manufacturing [3][4][15][26]. Group 1: Investments and Acquisitions - Guizhou Moutai plans to establish a research institute with its controlling shareholder, contributing a total of 10 billion yuan in registered capital, with Moutai contributing 4.9 billion yuan for a 49% stake [3]. - GoerTek intends to acquire 100% of Hong Kong Mia and Changhong Limited for approximately 104 billion HKD (around 95 billion yuan), enhancing its capabilities in precision metal components [4][5]. - China Nuclear Power is set to invest 1 billion yuan in China Fusion Energy Company, aiming to strategically position itself in the nuclear fusion energy sector [15]. - Hunan YN plans to invest approximately 9.5 billion yuan in a lithium battery cathode material project in Malaysia, enhancing its market presence in Southeast Asia [16]. - Tianrun Industrial proposes to acquire 100% of Shandong Altai for 135 million yuan, focusing on automotive lightweight components [18]. - Kema Technology aims to purchase 73% of Suzhou Kaixin Semiconductor for 102 million yuan, expanding its product offerings in silicon carbide materials [24]. Group 2: Project Developments - Sichuan Chengyu is part of a consortium that has been pre-selected for the G5 Jingkun Expressway expansion project, with an estimated total investment of 285.48 billion yuan, where the company plans to contribute approximately 49.02 billion yuan [8]. - Zhejiang Fu Holdings' subsidiary is involved in the research and development of large-scale hydropower generator sets, with a focus on the Yarlung Tsangpo River downstream hydropower project [6]. Group 3: Financial Performance - Anfu Technology reported a net profit of 107 million yuan for the first half of 2025, marking a 14.38% increase year-on-year, driven by overseas alkaline battery business expansion [26]. - Jieput's net profit is expected to increase by 57.03% to 82.6% in the first half of 2025, benefiting from rising global laser demand [27]. - Microelectrophysiology anticipates a net profit increase of 76.34% to 105.73% for the same period, attributed to successful product launches in the cardiac electrophysiology field [29]. - Jiangling Motors reported a net profit of 733 million yuan for the first half of 2025, a decline of 18.17% year-on-year, despite a slight revenue increase [30].

Investment Focus - China Nuclear Power plans to invest 1 billion yuan in China Fusion Energy Co., acquiring a 6.65% stake, while the total investment in the company amounts to approximately 11.49 billion yuan from multiple investors [2] - Zhejiang Energy Power intends to invest 751 million yuan for a 5% stake in China Fusion Energy Co., as part of a broader strategy to enter the nuclear fusion energy sector [2] Corporate Announcements - Guizhou Moutai has contributed 490 million yuan to establish the Guizhou Moutai Brewery (Group) Science and Technology Research Institute, holding a 49% stake [4] - GoerTek plans to acquire 100% of Mia Precision Technology Co., Ltd. and Changhong Industrial Co., Ltd. for approximately 10.4 billion HKD, enhancing its capabilities in precision component manufacturing [4] Management Changes - Guoguang Electric announced that its director and general manager, Li Ning, has been placed under detention, with the chairman temporarily assuming his responsibilities [3] Financial Performance - Anfu Technology reported a net profit of 107 million yuan for the first half of the year, reflecting a year-on-year increase of 14.38% [19] Financing Activities - Guangdian Measurement plans to raise up to 1.3 billion yuan through a private placement to fund projects including a new generation AI chip testing platform [11] Shareholding Changes - Weisi Medical announced that Zhida Venture Capital intends to reduce its stake by up to 3% [12] - Geer Software is in the process of acquiring over 51% of Weipin Zhiyuan, a company specializing in intelligent orchestration platforms [9]

Group 1 - Guizhou Moutai announced an investment of 490 million yuan to establish the Guizhou Moutai Distillery (Group) Science and Technology Research Institute, with a focus on integrating research resources and enhancing core competitiveness in the liquor industry [1] - China Nuclear Power plans to invest 1 billion yuan in China Fusion Energy Co., which is a wholly-owned subsidiary of China National Nuclear Corporation, as part of a larger investment round totaling approximately 11.49 billion yuan [2] - Zhejiang Energy Power intends to invest 751 million yuan for a 5% stake in China Fusion Energy Co., joining other investors in a significant funding round aimed at advancing nuclear fusion technology [3] Group 2 - Guangsheng Nonferrous Metals announced that its wholly-owned subsidiary plans to publicly transfer a 3% stake in Guangdong Pearl River Rare Earth Co. for no less than 5.9764 million yuan, expecting to generate approximately 558,800 yuan in investment income [4] - Jinzhi Technology's controlling shareholder will change to Nanjing Zhidi, with a transfer of 64.1324 million shares, representing 16.01% of the total share capital [5] - Guangdian Measurement plans to raise up to 1.3 billion yuan through a private placement to fund various technology projects, including a new generation AI chip testing platform [6] Group 3 - Guanghe Technology is set to invest 30 million yuan to establish a venture capital fund focused on emerging industries, including humanoid robots and AI applications [7] - Geer Software intends to acquire over 51% of Weipin Zhiyuan, a leading digital transformation service provider, as part of its strategy to enhance its capabilities in data intelligence [9] - Goer Technology plans to acquire 100% of the shares of Hong Kong Lianfeng's subsidiaries for approximately 10.4 billion HKD, which have significant expertise in precision component manufacturing [10] Group 4 - Guoguang Electric announced that its director and general manager has been placed under detention, but the company maintains normal operations and control [11]

Group 1 - Guizhou Moutai plans to establish a research institute company with its controlling shareholder, Moutai Group, with a registered capital of 1 billion yuan, where Guizhou Moutai will contribute 490 million yuan for a 49% stake [3] - Zhejiang Fu Holdings' subsidiary focuses on the research, design, manufacturing, and service of large and medium-sized hydropower turbine generator sets, with a significant project in the Yarlung Zangbo River area currently in the early construction phase [4] - Geer Software intends to acquire over 51% of Shenzhen Weipin Zhiyuan Information Technology Co., a leading digital transformation service provider in China [5] Group 2 - Sichuan Chengyu is part of a consortium that is the first candidate for the G5 Jingkun Expressway expansion project, with an estimated total investment of approximately 28.55 billion yuan, and the company plans to invest 4.902 billion yuan [6] - Sichuan Road and Bridge's subsidiary is participating in the same G5 Jingkun Expressway project, holding a 4% stake, with a total project investment of 28.55 billion yuan [7] - Xining Special Steel confirmed that there are no undisclosed significant information after its stock price experienced unusual fluctuations [8] Group 3 - Sanbo Brain Science's chairman has had his detention lifted and is now under investigation, returning to work [9][10] - Anke Intelligent Electric reported no significant changes in its operating environment and plans to disclose its semi-annual report on August 26 [11] - Funeng Technology received a development notice from GAC Group for battery supply, indicating increased market recognition for its SPS battery products [12] Group 4 - China Nuclear Power plans to invest 1 billion yuan in China Fusion Energy Company, acquiring a 6.65% stake, as part of a forward-looking strategy in the nuclear fusion energy sector [13] - Anfu Technology reported a net profit of 107 million yuan for the first half of 2025, a year-on-year increase of 14.38% [15] - Jieput's net profit is expected to increase by 57.03% to 82.6% in the first half of 2025, driven by rising demand for laser devices [16] Group 5 - Microelectrophysiology anticipates a net profit increase of 76.34% to 105.73% in the first half of 2025, supported by strong overseas sales of its heart electrophysiology products [17] - Zhongman Petroleum signed a gas exploration and development contract in Algeria, with a 90% investment share in the Zerafa II block, which has an estimated gas resource of 109.257 billion cubic meters [20] - Guizhou Gas shareholders plan to reduce their holdings by up to 6% through various trading methods [22]

? 格尔软件股份有限公司（以下简称"公司"）拟通过现金方式收购深圳 微品致远信息科技有限公司（以下简称"微品致远"或"标的公司"）51%以上 股权。 ? 本次签署的意向协议系各方就收购事宜达成的初步意向性约定，不作为 股权收购的依据。具体股权收购方案所涉及的具体事宜包括最终的交易对手方、 收购的股份比例、交易价格等，尚需完成尽职调查、审计和资产评估后，由各方 再进一步协商和落实，交易最终条款以签署正式股权收购协议为准，且正式的协 议签署尚需履行必要的决策程序，故公司本次筹划的收购事项最终能否达成存在 不确定性。敬请广大投资者谨慎决策，注意投资风险。 ? 本次股权收购事项尚处于筹划阶段，需视协议各方后续正式协议的签署、 合作的实施和执行情况而定，现阶段无法预计对公司本年度经营业绩的影响。 ? 本次签订意向协议涉及的交易事项不构成关联交易，经初步测算预估， 本次交易不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 证券代码：603232 证券简称：格尔软件 公告编号：2025-032 格尔软件股份有限公司 关于签署股权收购意向协议的提示性公告 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 ...

格尔软件股份有限公司 关于签署股权收购意向协议的提示性公告 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。 重要内容提示： 证券代码：603232 证券简称：格尔软件 公告编号：2025-032 本次签订意向协议涉及的交易事项不构成关联交易，经初步测算预估， 本次交易不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 一、交易概述 2025 年 7 月 21 日，公司与微品致远及其部分股东深圳洪赟石数字技术合伙 企业（有限合伙）、青岛淳顾股权投资企业（有限合伙）、上海理成轩旺投资管 理中心（有限合伙）、周洪峰、上海苍旻投资管理中心（有限合伙）、上海理斯 投资管理中心（有限合伙）（以下简称"前述股东"）签署了收购意向协议，公 司拟以现金方式向包括前述股东在内的标的公司股东收购合计 51%以上股权（含 本数，最终比例以交易文件确定的比例为准）。本次收购完成后，标的公司将成 为公司的控股子公司。本交易尚处于筹划阶段，最终的交易对手方、收购标的公 司的股份比例、交易价格等需各方进一步协商确定。 本次交易后续涉及具体协议的签订， ...

智通财经7月22日电，格尔软件(603232.SH)公告称，公司与微品致远及其部分股东签署了收购意向协 议，拟以现金方式向包括前述股东在内的标的公司股东收购合计51%以上股权。微品致远成立于2014 年，是国内领先的数智化转型服务商。公司拥有系列自研数据底座、IOT底座、数据智能平台和智能体 编排平台以及行业全链数据智能解决方案，为用户的管理运营、营销、生产研发等环节赋能。其主要业 务类型涵盖运营商业务、政企业务、中小企业数字化转型业务以及融合通信业务等。目前该交易尚处于 筹划阶段，具体股权收购方案需完成尽职调查、审计和资产评估后，由各方进一步协商和落实。 格尔软件：拟收购微品致远51%以上股权 标的公司拥有智能体编排平台 ...

格尔软件（603232）公告，公司拟通过现金方式收购深圳微品致远信息科技有限公司51%以上股权。本 次签署的意向协议为初步意向性约定，具体交易对手方、股份比例、交易价格等需进一步协商和落实。 交易完成后，微品致远将成为格尔软件的控股子公司。本次交易尚处于筹划阶段，最终能否达成存在不 确定性，且现阶段无法预计对公司本年度经营业绩的影响。 ...