证券代码：603383 证券简称：顶点软件 公告编号：2025-033 福建顶点软件股份有限公司 第九届监事会第十二次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 福建顶点软件股份有限公司（以下简称"公司"）第九届监事会第十二次会 议于 2025 年 11 月 12 日在福州市鼓楼区铜盘路软件大道 89 号软件园 G 区 8-9 号楼顶点金融科技中心会议室以现场结合通讯表决方式召开，会议通知已于2025 年 11 月 10 日以电子邮件的形式向全体监事发出，本次会议由监事会主席萧锦峰 先生召集并主持，应到监事 3 名，实际出席监事 3 名，其中萧锦峰先生、刘建宝 先生以通讯表决方式参与本次会议。本次会议的召集和召开符合《公司法》和《公 司章程》的有关规定。审议通过了以下议案： （一）审议通过《关于取消监事会并修订<公司章程>的议案》 二、监事会会议审议情况 本议案尚需提交股东大会审议。 福建顶点软件股份有限公司监事会 2025 年 11 月 13 日 根据《公司法》、《上市公司章程指引》 ...

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。 福建顶点软件股份有限公司 第九届董事会第十二次会议决议公告 证券代码：603383 证券简称：顶点软件 公告编号：2025-032 一、董事会会议召开情况 福建顶点软件股份有限公司（以下简称为"公司"）第九届董事会第十二次 会议于 2025 年 11 月 12 日在福州市鼓楼区铜盘路软件大道 89 号软件园 G 区 8-9 号楼顶点金融科技中心会议室以现场结合通讯表决的方式召开。会议通知已于 2 025 年 11 月 10 日以电子邮件的形式向全体董事发出，会议由董事长严孟宇召集 和主持，会议应到董事 8 名，实际出席会议董事 8 名，其中董事黄义青先生、董 事孙井刚先生以通讯表决方式参与本次会议，公司监事、高级管理人员列席了本 次会议。本次会议的召集和召开符合《公司法》和《公司章程》的有关规定。 二、董事会会议审议情况 出席本次会议的全体董事对本次会议的议案进行了认真审议，并以记名投票 表决方式通过以下决议： （一）审议通过《关于取消监事会并修订<公司章程>的议案》 根据《公司 ...

Core Insights - The securities IT industry is experiencing revenue pressure and profit differentiation as companies transition into a critical transformation phase [1][2] - The competitive landscape shows a trend of increasing concentration among leading firms, with traditional B-end leaders like Hengsheng Electronics dominating the market [1][2] - The decline in asset management IT business revenue since Q2 2025 indicates a significant impact from tightened budgets of financial institutions [1] Revenue and Profitability - In the first three quarters of 2025, Hengsheng Electronics reported the highest revenue at 3.49 billion yuan, followed by Jinzhen Co. at 1.77 billion yuan, and Yingshisheng at 937 million yuan [2] - Jinzhen Co. experienced the largest revenue decline of 49.08% year-on-year, while Hengsheng Electronics saw a 16.66% decrease [2] - In terms of net profit, Hengsheng Electronics achieved 455 million yuan, a year-on-year increase of 2.16%, while other companies like Lingzhi Software and Yingshisheng reported significant losses [3] Gross Margin and R&D Expenses - Top companies maintain stable gross margins, with Top Point Software at 71.1% and Hengsheng Electronics at 69% [3] - R&D expenses remain high across the industry, with Hengsheng Electronics allocating 43.51% of its revenue to R&D, impacting overall profitability [3] Market Trends and Demand - The industry is shifting from a "universal growth" phase to a "differentiation" phase, with companies that have mature product capabilities and advantages in AI technology gaining market attention [4] - Recent policies are driving the upgrade of brokerage systems and accelerating the integration of technology into business models [5][6] - The demand for system upgrades is fueled by the need for domestic system transformation and the ongoing evolution of core systems among leading brokerages [7][8] AI and Domestic Upgrades - The application of AI models is reshaping the demand structure for financial institutions, with companies like Dongwu Securities leveraging AI to enhance services [8] - Despite the push for domestic upgrades, the investment in other business areas by brokerage firms remains inconsistent [8]

Core Viewpoint - Vertex Software's stock has experienced a decline in recent trading sessions, with a current price of 38.21 CNY per share and a market capitalization of 7.848 billion CNY [1] Company Overview - Vertex Software, established on October 25, 2000, and listed on May 22, 2017, is located in Fuzhou, Fujian Province. The company focuses on providing information technology solutions centered around business process management (BPM) for the financial industry and other sectors, utilizing its self-developed "Live Business Architecture Platform (LiveBOS)" [1] - The company's main revenue sources are software development and services, accounting for 98.37% of total revenue, while system integration contributes 1.63% [1] Financial Performance - For the period from January to September 2025, Vertex Software reported operating revenue of 385 million CNY, a year-on-year decrease of 8.53%. However, the net profit attributable to shareholders increased by 2.02% to 103 million CNY [2] - Since its A-share listing, Vertex Software has distributed a total of 814 million CNY in dividends, with 490 million CNY distributed over the past three years [2] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 22.54% to 26,700, while the average number of circulating shares per person decreased by 18.32% to 7,656 shares [2] - Notable new institutional shareholders include Fu Guo Optimized Enhanced Bond C, holding 3.487 million shares, and Hua Bao Zhong Zheng Financial Technology Theme ETF, holding 2.1445 million shares [2]

Core Viewpoint - Vertex Software is a leading enterprise in the fintech sector, providing information technology solutions primarily focused on business process management (BPM) through its proprietary LiveBOS platform [1] Group 1: Business Performance - In Q3 2025, Vertex Software reported revenue of 385 million yuan, ranking 54th among 102 peers, with the industry leader Shanghai Steel Union achieving 57.318 billion yuan [2] - The net profit for the same period was 102 million yuan, placing the company 17th in the industry, while the top performer, Desay SV, reported a net profit of 1.805 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Vertex Software's debt-to-asset ratio was 13.80%, down from 15.31% year-on-year and significantly lower than the industry average of 31.94%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 71.10%, an increase from 70.58% year-on-year and well above the industry average of 41.71%, reflecting robust profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 22.54% to 26,700, with an average of 7,656.28 circulating A-shares per account, a decrease of 18.32% [5] - New major shareholders include funds such as Fuquan Optimized Enhanced Bond C and Huabao CSI Financial Technology Theme ETF, with respective holdings of 3.487 million shares and 2.1445 million shares [5] Group 4: Management Compensation - The chairman and general manager, Yan Mengyu, received a salary of 951,700 yuan in 2024, an increase of 65,500 yuan from 2023 [4] Group 5: Market Outlook - Research indicates that Vertex Software's revenue and profit for the first three quarters of 2025 exceeded expectations, with continuous improvement in quarterly gross profit margin and cost reduction [5] - Despite cash flow pressures and a slight decrease in contract liabilities, the company is expected to maintain a growth trajectory with projected revenues of 632 million, 757 million, and 870 million yuan from 2025 to 2027 [5]

三、其他相关说明 本次捐赠不会导致公司控制权发生变化，不会导致公司控股股东、实际控制人发生 变化，亦不会对公司治理结构及持续经营能力产生重大影响；对公司当期及未来经营不 构成重大影响，不存在损害公司及其他股东特别是中小股东合法权益的情形。 证券代码：603383 证券简称：顶点软件 公告编号：2025-031 福建顶点软件股份有限公司 关于股东无偿捐赠部分公司股份完成过户的公告 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。 一、捐赠情况概述 福建顶点软件股份有限公司（以下简称"公司"、"顶点软件"）控股股东、实际控制人 严孟宇先生及其配偶赵林女士将其通过福州爱派克电子有限公司（简称"爱派克"）间接持 有的顶点软件 280,000 股股份（占公司股本 0.14%）捐赠给北京理工大学教育基金会，用 于其母校北京理工大学的建设与发展。具体内容详见公司《关于控股股东及其配偶无偿捐 赠部分公司股份的公告》（公告编号 2025-026）。 二、捐赠进展情况 爱派克与北京理工大学教育基金会通过非交易过户的方式完成了顶点软件 280,000 ...

Core Viewpoint - Vertex Software's major shareholder and actual controller, Yan Mengyu, along with his spouse Zhao Lin, donated 280,000 shares (accounting for 0.14% of the company's equity) to the Beijing Institute of Technology Education Foundation for the development of their alma mater [1] Group 1 - The shares were held indirectly through Fuzhou Aipai Ke Electronics Co., Ltd. [1] - The transfer of shares was completed through a non-trading transfer method, and the company received the securities transfer registration confirmation from China Securities Depository and Clearing Co., Ltd. on October 31, 2025 [1] - This donation will not lead to any change in the company's control or significantly impact its governance structure and ongoing operational capabilities [1]

Investment Rating - The report maintains an "Outperform" rating for the company [1] Core Insights - The industry is still in a bottoming phase, but profitability continues to improve [1] - The company's revenue and profit performance exceeded expectations, with Q1-Q3 2025 revenue at 385 million yuan (down 8.53% YoY) and net profit at 103 million yuan (up 2.02% YoY) [5] - The company is expected to maintain cautious revenue growth forecasts for 2025-2027, with projected revenues of 632 million, 757 million, and 870 million yuan respectively [5][13] Financial Data and Profitability Forecast - Total revenue for 2025 is estimated at 632 million yuan, with a YoY decline of 4.8% [4] - Net profit for 2025 is projected at 189 million yuan, reflecting a YoY decrease of 2.4% [4] - The company's gross margin has shown a consistent increase, reaching 72.98% in Q3 2025 [5] - The company has successfully reduced operating expenses, with sales, management, and R&D expenses decreasing by 1%, 25%, and 12% respectively [5] Cash Flow and Contract Liabilities - Operating cash flow remains under pressure, with Q3 2025 cash received from sales at 117 million yuan, lower than revenue [5] - Contract liabilities slightly decreased from 186 million yuan in Q2 2025 to 174 million yuan in Q3 2025 [5] Market Comparison and Valuation - The company is compared with financial technology service providers such as Hengsheng Electronics and Tonghuashun, with an average PE valuation of 70 times for 2025 [13][14] - The report anticipates the company will launch a core trading system for benchmark clients in 2025, potentially increasing market share [5][13]

Group 1 - Internet brokerages experienced significant upward movement, with stocks like Tonghuashun rising over 7% and others like Zhinanzhen and Dazhihui increasing by more than 2% [1] - Financial technology ETFs, particularly the 100 billion financial technology ETF (159851), saw a rise of over 2%, with a trading volume exceeding 400 million yuan, indicating a notable increase in market activity [1][3] - Major foreign institutions such as Goldman Sachs and JPMorgan are optimistic about the Chinese stock market, suggesting a shift in investor strategy from "selling on highs" to "buying on lows" [3] Group 2 - The financial technology ETF (159851) has a current scale exceeding 10 billion yuan, with an average daily trading volume of 800 million yuan over the past month, leading among similar ETFs in terms of scale and liquidity [3] - The index tracked by the financial technology ETF covers key themes such as internet brokerages, financial IT, cross-border payments, AI applications, and domestic alternatives, aligning with current investment trends [3] - The securities industry is expected to see rapid growth in performance due to significant increases in market turnover and margin financing balances, with a recommendation to focus on internet brokerages with strong beta attributes [3]

Core Insights - Vertex Software's stock price increased by 2.02% to 39.99 CNY per share, with a market capitalization of 8.213 billion CNY as of October 28 [1] - The company has seen a year-to-date stock price increase of 8.37%, but a decline of 4.60% over the past 20 days and 7.64% over the past 60 days [1] Financial Performance - For the period from January to September 2025, Vertex Software reported a revenue of 385 million CNY, a year-on-year decrease of 8.53%, while the net profit attributable to shareholders was 103 million CNY, reflecting a year-on-year growth of 2.02% [2] - The company has distributed a total of 814 million CNY in dividends since its A-share listing, with 490 million CNY distributed over the past three years [2] Shareholder and Market Activity - As of September 30, 2025, the number of shareholders increased by 22.54% to 26,700, while the average number of circulating shares per person decreased by 18.32% to 7,656 shares [2] - Major shareholders include new entrants such as Fortune Optimized Enhanced Bond C and Huabao CSI Financial Technology Theme ETF, indicating increased institutional interest [2]