Core Viewpoint - Zhongke Soft is a leading company in the domestic insurance IT sector, with a strong focus on software development and sales, showcasing significant technical expertise and industry experience [1] Group 1: Business Performance - In Q3 2025, Zhongke Soft reported revenue of 4.415 billion yuan, ranking 7th out of 102 in the industry, surpassing the industry average of 1.712 billion yuan and the median of 419 million yuan, but significantly lower than the top competitor Shanghai Steel Union's 57.318 billion yuan and second-place Desay SV's 22.337 billion yuan [2] - The net profit for the same period was 173 million yuan, ranking 11th in the industry, above the average of 26.431 million yuan and the median of -7.1992 million yuan, yet still trailing behind Desay SV's 1.805 billion yuan and Tonghuashun's 1.206 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Zhongke Soft's debt-to-asset ratio was 55.97%, an increase from 52.26% year-on-year, and higher than the industry average of 31.94%, indicating relatively high debt pressure [3] - The gross profit margin for Q3 2025 was 24.98%, down from 30.07% in the previous year and below the industry average of 41.71%, suggesting a need for improvement in profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 2.19% to 65,100, while the average number of circulating A-shares held per account increased by 2.24% to 12,800 [5] - Notable changes among the top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 3.1576 million shares, and the new entry of Huabao CSI Financial Technology Theme ETF as the sixth-largest shareholder [5] Group 4: Future Outlook - Zhongke Soft is expected to experience stable revenue growth in H1 2025, with significant increases in revenue from government, education, and cultural sectors, up 22.00% and 32.17% year-on-year, respectively, although revenues from insurance, non-insurance finance, and healthcare sectors have declined [5] - The company is focusing on AI to enhance its business processes, with adjusted revenue forecasts for 2025-2027 set at 7.184 billion, 7.914 billion, and 8.925 billion yuan, and net profits at 434 million, 578 million, and 714 million yuan, respectively [5] - Citic Securities anticipates that Zhongke Soft will host an insurance technology forum to strengthen its brand and industry influence, despite short-term performance pressures [6]

Core Viewpoint - On October 30, seven A-share listed companies disclosed their plans for share reductions, with no companies announcing any share increases on the same day [1]. Group 1: Company Reduction Plans - Yongyue Technology plans to reduce no more than 1.35% of its total share capital from repurchased shares [2]. - Chaojie Co., Ltd. intends for its controlling shareholder to reduce no more than 2.97% of its shares [2]. - Jindun Co., Ltd. has a shareholder, Qianhai Hongyi, planning to reduce no more than 1% of the company's shares [2]. - Saiwei Microelectronics' shareholders plan to collectively reduce no more than 1% of the company's shares [2]. - Zhongke Software's shareholders, Kesoft Chuangyuan and executives, plan to collectively reduce no more than 1.3753% of the shares [2]. - Ruisheng Intelligent's shareholder, Ruihe Sheng, intends to reduce no more than 3% of the shares [2]. - Daan Gene has authorized its management to sell no more than 3% of the company's total share capital [2].

Core Viewpoint - On October 30, no A-share listed companies disclosed any increase in shareholding, while seven companies announced share reductions, indicating a cautious sentiment in the market [1]. Summary by Category Share Reduction Announcements - Yongyue Technology plans to reduce its repurchased shares by no more than 1.35% of the total share capital [2]. - Chaojie Co., Ltd. intends for its controlling shareholder to reduce holdings by no more than 2.97% [2]. - Jindun Co., Ltd. has a shareholder, Qianhai Hongyi, planning to reduce holdings by no more than 1% [2]. - Saiwei Microelectronics' shareholders plan to collectively reduce holdings by no more than 1% [2]. - Zhongke Software's shareholders, Kesoft Chuangyuan and executives, plan to reduce holdings by no more than 1.3753% [2]. - Ruisheng Intelligent's shareholder, Ruihe Sheng, intends to reduce holdings by no more than 3% [2]. - Daan Gene has authorized management to sell up to 3% of the company's total share capital [2].

证券代码：603927 证券简称：中科软 公告编号：2025-035 中科软科技股份有限公司 股东及高级管理人员减持股份计划公告 本公司董事会、全体董事及相关股东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： 大股东及高级管理人员持股的基本情况：截至本公告披露日， 中科软科技股份有限公司（以下简称"公司"）股东北京科软创源软 件技术有限公司（以下简称"科软创源"）持有公司无限售条件流通 股 178,226,406 股，约占公司股份总数的 21.4462%；公司高级管理 人员谢中阳先生、王欣女士、蔡宏先生分别持有公司无限售条件流通 股 5,220,102 股、3,267,797 股、3,987,726 股，约占公司股份总数 的 0.6281%、0.3932%、0.4798%。 减持计划的主要内容：因中国科学院软件研究所（以下简称"软 件所"）自身科研需要，科软创源计划以集中竞价方式减持公司股份 不超过 8,310,400 股，不超过公司股份总数的 1%；公司高级管理人 员谢中阳先生、王欣女士、蔡宏先生因个人资金需求，计划以集中竞 价及 ...

Core Viewpoint - Zhongke Software (603927) announced a plan for share reduction by major shareholders and executives due to personal and research needs [1] Group 1: Shareholder Reduction Plans - Shareholder Kesoft Chuangyuan plans to reduce holdings by up to 8.31 million shares, representing no more than 1% of the total share capital [1] - Executives Xie Zhongyang, Wang Xin, and Cai Hong plan to reduce their holdings by up to 1.305 million shares (0.1570%), 816,900 shares (0.0983%), and 996,900 shares (0.1200%) respectively [1] Group 2: Reduction Period - The reduction period is set from November 21, 2025, to February 21, 2026 [1]

证券代码：603927 证券简称：中科软 公告编号：2025-034 公司对本次业绩说明会中投资者提出的主要问题及公司回复整 理如下： 1、公司近几年来，销售额几乎停滞增长，利润增速趋缓、24 年 甚至出现了大幅下降，一改在 A 股上市前大幅成长的公司形象。公司 中科软科技股份有限公司 关于 2025 年第三季度业绩说明会 召开情况的公告 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、业绩说明会召开情况 中科软科技股份有限公司（以下简称"公司"）于 2025 年 10 月 22 日在上海证券交易所网站（www.sse.com.cn）披露了《中科软关 于召开 2025 年第三季度业绩说明会的公告》（公告编号：2025-033）， 并通过上证路演中心网站"提问预征集"栏目以及邮件方式提前征集 投资者所关注的问题。 2025 年 10 月 29 日 13:00-14:00，公司通过上证路演中心提供的 网上平台（https://roadshow.sseinfo.com/）以网络互动方式召开 了 2025 年第三季度业绩说明会，公 ...

Core Insights - The internet healthcare sector experienced a slight increase of 0.21% on October 29, with notable gains from companies like Jiangyu Pingmin, which rose by 6.29% [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Company Performance - Jiangyu Pingmin (301017) closed at 11.99 with a gain of 6.29%, trading volume of 201,100 shares and a transaction value of 242 million [1] - Furuishi (300049) closed at 74.48, up 6.20%, with a trading volume of 150,500 shares and a transaction value of 1.104 billion [1] - Xingqi Eye Medicine (300573) closed at 82.01, increasing by 5.29%, with a trading volume of 309,400 shares and a transaction value of 2.518 billion [1] - Other notable performers include Maidi Technology (603990) with a 2.98% increase and a transaction value of 384 million, and Hanhui Technology (300007) with a 2.68% increase and a transaction value of 1.402 billion [1] Market Dynamics - The internet healthcare sector saw a net outflow of 1.125 billion from institutional investors, while retail investors contributed a net inflow of 926 million [2][3] - The overall market sentiment indicated a mixed response, with some stocks experiencing significant declines, such as Jiayuan Technology (301117) which fell by 13.29% [2] - The trading activity highlighted a divergence in investor behavior, with institutional investors pulling back while retail investors remained active [2][3]

Core Viewpoint - The company, Zhongke Soft Technology Co., Ltd., has released its quarterly report, ensuring the accuracy and completeness of the financial information presented, and confirming that there are no false statements or significant omissions [2][3]. Financial Data Summary - The financial statements for the third quarter are unaudited, covering the period from the beginning to the end of the quarter [3][6]. - The report includes major accounting data and financial indicators, although specific figures are not provided in the text [3][6]. Non-Recurring Gains and Losses - The company has indicated that it recognizes non-recurring gains and losses, but specific amounts and reasons for classification are not detailed in the provided text [4]. Shareholder Information - The report includes information on the total number of ordinary shareholders and the top ten shareholders, although specific details are not disclosed [5]. Other Important Information - There are no additional reminders or significant operational updates regarding the company's performance during the reporting period [6].

Core Insights - Zhongke Soft Technology Co., Ltd. reported a revenue of 4.415 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 7.04%, while the net profit attributable to shareholders decreased by 40.18% to 173 million yuan [1] - In the third quarter alone, the company achieved a revenue of 1.561 billion yuan, marking a year-on-year growth of 19.63%, with a net profit of 66.31 million yuan [2] Business Overview - The main products and services of Zhongke Soft include software product sales, software development and services, and system integration and services, delivered through productized software sales, customized project development, and cloud services [2] - The company continues to adhere to its core business system development strategy, expanding its influence in sectors such as insurance, non-insurance finance, government affairs, and healthcare, while accumulating high-quality clients and enhancing client loyalty and activity [2] - Zhongke Soft is exploring new business opportunities through its "Insurance+" strategy and internationalization strategy [2]

Group 1 - The company Zhongke Ruankai (603927.SH) reported a total operating revenue of 4.415 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 7.04% [1] - The net profit attributable to shareholders of the parent company was 173 million yuan, showing a year-on-year decline of 40.18% [1] - The basic earnings per share were reported at 0.21 yuan [1]