Summary of Conference Call Records Industry Overview - The conference call discusses the software industry in China, focusing on nine companies: Kingsoft Office, Empyrean, Glodon, Thundersoft, Yonyou, Kingdee, iFlytek, ZWSOFT, and Sangfor. [1][2] Key Points and Arguments Revenue Growth and Profitability - Overall revenue growth is expected to recover in 2Q25 compared to 1Q25 due to improving client order momentum, although IT spending in certain segments, such as construction, may face near-term challenges. [1] - Profit growth is anticipated to remain weak in 2Q25, with potential improvement in 2H25 driven by better operational efficiency and headcount optimization. [1] Company-Specific Insights 1. **Kingsoft Office (KO)** - Expected revenue growth of 10% YoY in 2Q25, reaching Rmb1.3 billion, supported by an increase in paying users for upgraded WPS AI features. [7] - Focus on AI features upgrade and extending trial periods to expand the user base. [7] - Earnings revised down by 2% for 2025-27E due to lower revenues from ToB solutions. [16] 2. **Empyrean** - Anticipated revenue growth of 27% YoY in 2Q25, driven by expanding digital/memory EDA tools and increased client spending. [8] - Opex ratio expected to remain high at 114%. [8] - Earnings revised down by 3% for 2025-27E due to lower revenues from analog EDA tools. [20] 3. **Glodon** - Revenue growth projected at 2% YoY in 2Q25, with improving net margin expected at 4.2%. [10] - New business drivers include infrastructure and urban renewal projects. [11] - Earnings revised down by 6% for 2025-28E due to lower revenues from construction cost tools. [26] 4. **Thundersoft** - Expected revenue growth of 20% YoY in 2Q25, supported by IoT business growth from AI edge devices. [13] - Earnings revised down by 5% for 2025-27E due to lower revenues from automotive software. [30] 5. **Yonyou** - Revenue guidance for 2Q25 is in line, with a narrowed net loss expected. [14] - Earnings revised up by 1% for 2026/27E due to higher revenues from Gen-AI spending. [35] 6. **Kingdee** - Expected revenue growth of 13% YoY in 1H25, supported by large-scale enterprise client spending. [14] - Earnings revised up by 1% for 2026/27E due to improved operational efficiency. [38] 7. **iFlytek** - Midpoint revenue growth for 2Q25 is guided at 11% YoY, with a net loss expected due to higher spending on AI models. [15] Market Trends and Strategic Focus - Key questions for the upcoming results season include AI product upgrades, client IT spending outlook, headcount plans, and new business opportunities in vertical expansion and non-China markets. [1] - Companies are focusing on enhancing operational efficiency and exploring new business avenues to drive growth amid challenging market conditions. [1] Additional Important Insights - The conference highlights the importance of AI integration across various software solutions, with companies like Kingsoft Office and iFlytek leading in AI product development. [7][15] - The overall sentiment indicates cautious optimism for the second half of 2025, with expectations of improved profitability as companies adapt to market conditions and enhance their product offerings. [1][8]

广州中望龙腾软件股份有限公司 2025年第一次临时股东大会决议公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 7 月 28 日 证券代码：688083 证券简称：中望软件 公告编号：2025-038 （二） 股东大会召开的地点：广州中望龙腾软件股份有限公司会议室（广州市 天河区珠江西路 15 号珠江城 32 楼） （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 102 | | --- | --- | | 普通股股东人数 | 102 | | 特别表决权股东人数 | 0 | | 2、出席会议的股东所持有的表决权数量 | 96,078,407 | | 普通股股东所持有表决权数量 | 96,078,407 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 56.8570 | | 例（%） | | | 普通股股 ...

法律意见书 二〇二五年七月 北京市中伦（广州）律师事务所 北京市中伦（广州）律师事务所 关于广州中望龙腾软件股份有限公司 2025 年第一次临时股东大会的 关于广州中望龙腾软件股份有限公司 2025 年第一次临时股东大会的 法律意见书 致：广州中望龙腾软件股份有限公司 北京市中伦（广州）律师事务所（以下简称"本所"）接受广州中望龙腾软 件股份有限公司（以下简称"公司"）委托，指派刘子丰律师和曾思律师（以下 简称"本所律师"）对公司 2025 年第一次临时股东大会（以下简称"本次股东大 会"）的合法性进行见证并出具法律意见。 本所及本所律师依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《律师事务所从事证券法律业务管理办法》和《律师事务所证券法律业务执业规 则（试行）》等规定及本法律意见书出具日以前已经发生或者存在的事实，严格 履行了法定职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证，保 证本法律意见所认定的事实真实、准确、完整，所发表的结论性意见合法、准确， 不存在虚假记载、误导性陈述或者重大遗漏，并承担相应法律责任。 本法律意见书根据《中华人民共和国公司法》（以下简称"《公司法》"）、《 ...

Core Viewpoint - The industrial software sector, particularly research and design software, plays a crucial role in enhancing design efficiency, reducing costs, and achieving goals such as visualization, remote operation, and intelligent control. The market for EDA, CAD, and CAE software in China is projected to grow significantly by 2024, indicating a robust demand for these technologies in various industries [1][5][9]. Group 1: Market Size and Growth - The Chinese EDA software market is expected to reach approximately 13.59 billion yuan in 2024, up from 11.56 billion yuan in 2022, reflecting an 11.80% growth from the previous year [5][9]. - The CAD software market in China is projected to grow to around 6.07 billion yuan in 2024, increasing from 4.86 billion yuan in 2022, which represents a 15.4% growth year-on-year [7][9]. - The CAE software market is anticipated to reach about 4.92 billion yuan in 2024, up from 3.76 billion yuan in 2022, marking a 17.1% increase from the previous year [9]. Group 2: Industry Definition and Classification - Industrial software is essential for automation, information technology, and intelligent manufacturing, with research and design software being a key tool for innovation and development of new equipment [2][5]. - Research and design software includes CAD, CAE, CAM, and PLM, covering the entire lifecycle of industrial products from concept design to production and after-sales service [2][5]. Group 3: Industry Development Status - The industrial software sector is a foundational and strategic industry that significantly impacts national economic and social development [5]. - The domestic research and design software industry has established a relatively complete system, with notable companies like Zhongwang Software, Haocen Software, and Digital Dafa emerging as key players [11][17]. Group 4: Competitive Landscape - Major foreign players in the research and design software market include Dassault, Siemens, PTC, and Autodesk, which collectively hold over half of the domestic market share, particularly in high-end segments [15][16]. - Domestic companies are rapidly gaining market share, with Zhongwang and Huachen achieving significant penetration in both low-end and mature foreign markets [11][17]. Group 5: Development Strategies and Recommendations - The integration of research and design software with industrial elements is crucial for enhancing innovation capabilities and efficiency in enterprises [18]. - The industry is expected to evolve towards cloud-based, AI-driven, and domestically produced solutions, necessitating breakthroughs in core technologies and the establishment of a complete ecosystem [18].

Investment Rating - The report upgrades the investment rating of the company to "Strong Buy" [2][12]. Core Viewpoints - The company is positioned as a leader in the domestic CAD software market, focusing on an All-in-One CAx strategy to enhance its product offerings and market share [7][17]. - The CAD market in China is experiencing rapid growth, driven by the digital transformation of the manufacturing industry and strong policy support for domestic alternatives [8][13]. - The company has a robust competitive advantage due to its proprietary technology and comprehensive product matrix, which includes 2D CAD, 3D CAD, CAE, and CAM solutions [11][12]. Financial Summary - Projected total revenue for 2024A is 888 million, with a year-on-year growth rate of 7.3% [3]. - Expected net profit attributable to shareholders for 2024A is 64 million, reflecting a growth rate of 4.2% [3]. - The company anticipates revenue growth of 15.6%, 16.7%, and 17.3% for the years 2025E, 2026E, and 2027E, respectively [12]. Business Overview - The company has a complete product line in CAD/CAE/CAM and has successfully penetrated international markets, selling products in over 90 countries [17]. - The 2D CAD segment accounted for 47% of revenue in 2024, while 3D CAD contributed 24% [7][12]. - The company is actively investing in educational products to cultivate user habits and expand its market reach [23][24]. Market Dynamics - The CAD market in China grew from 1.3 billion in 2016 to 5.48 billion in 2023, with a CAGR of 22.82% [13]. - The market is still dominated by three major international players, but domestic companies are gaining ground due to national policies promoting self-sufficiency [13][49]. - The company holds a market share of 9.6% in the overall CAD market and 4.4% in the 3D CAD segment, ranking fourth among competitors [7][13]. Strategic Initiatives - The company is focusing on enhancing its product capabilities and expanding its global distribution network to drive future growth [12][29]. - The All-in-One CAx strategy aims to integrate design, simulation, and manufacturing processes, creating a cohesive platform that increases customer loyalty [11][12]. - The company plans to continue its overseas localization strategy to optimize its global marketing efforts [12][29].

证券代码：688083 证券简称：中望软件 广州中望龙腾软件股份有限公司 六、股东要求发言时，不得打断会议报告人的报告或其他股东的发言，在股东 大会进行表决时，股东不再进行发言。股东违反上述规定，会议主持人有权加以拒 绝或制止。 会议资料 二零二五年七月 广州中望龙腾软件股份有限公司 议案一 关于取消监事会、变更公司注册资本、注册地址及修订《公司章程》的议案 7 广州中望龙腾软件股份有限公司 为保障广州中望龙腾软件股份有限公司（下称"公司"）全体股东的合法权益， 维护股东大会的正常秩序，保证股东大会的议事效率，确保本次股东大会如期、顺 利召开，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》）以及《广州中望龙腾软件股份有限公司章程》 （以下简称《公司章程》）《广州中望龙腾软件股份有限公司股东大会议事规则》 等相关规定，特制定2025年第一次临时股东大会须知。 一、股东大会设会务组，由公司董事会秘书负责会议的程序安排和会务工作。 二、为保证股东大会的严肃性和正常秩序，切实维护与会股东（或股东代表） 的合法权益，除出席会议的股东（或股东代表）、公司董事、监事、高级管 ...

1 证券代码：688083 证券简称：中望软件 广州中望龙腾软件股份有限公司 2025年第一次临时股东大会 会议资料 二零二五年七月 | 2025 | 年第一次临时股东大会会议资料目录 | 2 | | --- | --- | --- | | 2025 | 年第一次临时股东大会会议须知 | 3 | | 2025 | 年第一次临时股东大会会议议程 | 5 | | 2025 | 年第一次临时股东大会会议议案 | 7 | | | 议案二 关于制定、修订及废止公司部分治理制度的议案 8 | | 广州中望龙腾软件股份有限公司 2025 年第一次临时股东大会会议须知 为保障广州中望龙腾软件股份有限公司（下称"公司"）全体股东的合法权益， 维护股东大会的正常秩序，保证股东大会的议事效率，确保本次股东大会如期、顺 利召开，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》）以及《广州中望龙腾软件股份有限公司章程》 （以下简称《公司章程》）《广州中望龙腾软件股份有限公司股东大会议事规则》 等相关规定，特制定2025年第一次临时股东大会须知。 一、股东大会设会务组，由公司董事会秘书负责 ...

Group 1 - The stock price of Zhongwang Software (688083) closed at 64.36 yuan on July 17, 2025, with an increase of 4.06% and a turnover rate of 1.72% [1] - The trading volume was 29,200 shares, with a total transaction amount of 186 million yuan [1] Group 2 - On July 17, the net inflow of main funds into Zhongwang Software was 2.5775 million yuan, accounting for 1.39% of the total transaction amount [2][4] - The net outflow of speculative funds was 12.6158 million yuan, representing 6.79% of the total transaction amount [2][4] - Retail investors had a net inflow of 10.0383 million yuan, which accounted for 5.41% of the total transaction amount [2] Group 3 - Guangzhou Zhongwang Longteng Software Co., Ltd. announced that it received a government subsidy totaling 28 million yuan, which is related to revenue [3][4] - The company confirmed the receipt of the government subsidy and classified it according to the relevant accounting standards [3]

Group 1 - Tiande Yu achieved a net profit of 1.52 billion yuan in the first half of 2025, a year-on-year increase of 50.89% [1] - Tiande Yu's operating income for the same period was 12.08 billion yuan, reflecting a growth of 43.35% year-on-year [1] - Fule New Materials plans to reduce its shareholding by up to 1.33%, amounting to 376.25 million shares, due to personal funding needs [1] - Jindi Co. signed an industrial project investment contract with a total investment of no less than 1.5 billion yuan [1] Group 2 - Tuo Xin Pharmaceutical intends to invest 10 million yuan in Jiangsu Jinsan Biotechnology, acquiring a 1.75% stake [1] - Pinming Technology expects a net profit of 28 million to 34 million yuan for the first half of 2025, a year-on-year increase of 231.79% to 302.89% [4] - Shuanglin Co. anticipates a net profit of 251 million to 310 million yuan, representing a growth of 1% to 25% year-on-year [7] Group 3 - Kangxino received approval for clinical trials of its trivalent poliovirus vaccine [8] - Bailian Co. signed a land storage compensation contract worth approximately 2 billion yuan [9] - Wukuang Development plans to issue short-term financing bonds and medium-term notes totaling up to 2 billion yuan each [10] Group 4 - Hengxin Life intends to invest 10 million yuan in a targeted equity investment [12] - Hengyin Technology expects a net profit of 13.5 million to 16.2 million yuan, marking a turnaround from losses [14] - *ST Jinglun anticipates a net loss of 19 million to 22 million yuan for the first half of 2025 [15] Group 5 - Baiyun Electric won a bid for a State Grid project worth 164 million yuan [16] - Zhejiang Energy completed a power generation of 788.48 billion kWh in the first half of 2025, a year-on-year increase of 4.48% [17] - Sheneng Co. reported a power generation of 259.51 billion kWh, a decrease of 1.7% year-on-year [19] Group 6 - Hengerd signed a strategic cooperation framework agreement with Tiangong International [21] - Baotai's application for the listing of Golimumab injection has been accepted by the FDA [23] - Yishitong received a government subsidy of 2 million yuan [24] Group 7 - Jinggong Steel signed a contract worth approximately 550 million yuan for the Jeddah Stadium project in Saudi Arabia [26] - Zhongwang Software received a government subsidy of 28 million yuan [27] - Rongxin Culture used idle funds of 100 million yuan to purchase financial products [29] Group 8 - Lingxiao Pump Industry invested 80 million yuan in financial products [31] - China Pacific Insurance reported a total original insurance premium income of 282 billion yuan from its subsidiaries [32] - Kema Technology expects a net profit of 165 million to 175 million yuan, a year-on-year increase of 18.59% to 25.77% [32] Group 9 - Qujiang Cultural Tourism anticipates a net loss of approximately 13 million to 16.9 million yuan [32] - Daoshi Technology expects a net profit of 220 million to 238 million yuan, a year-on-year increase of 98.77% to 115.03% [32] - Baicheng Medicine forecasts a net profit decline of 95.53% to 100% [33] Group 10 - Bertley plans to invest 198 million yuan to establish a partnership for investments in emerging fields [34] - China Merchants Highway announced the resignation of its chairman due to reaching retirement age [35] - Overseas Chinese Town A reported a 29% decrease in contract sales amount in June [36]

证券代码：688083 证券简称：中望软件 公告编号：2025-037 广州中望龙腾软件股份有限公司 关于获得政府补助的公告 本公司董事会及全体董事保证本公告内容不存在虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、获得补助的基本情况 广州中望龙腾软件股份有限公司（以下简称"公司"）于近日收到政府补助 款项共计人民币 2,800.00 万元，为与收益相关的政府补助。 二、补助的类型及其对上市公司的影响 公司根据《企业会计准则第 16 号——政府补助》的有关规定，确认上述事 项并划分政府补助类型。上述实际获得的政府补助未经审计，最终的会计处理以 及对公司损益的影响情况仍须以审计机构年度审计确认后的结果为准。敬请广大 投资者注意投资风险。 特此公告。 广州中望龙腾软件股份有限公司董事会 2025 年 7 月 17 日 ...