Core Viewpoint - The discussion centers around the concept of "supply chain re-export" and the transition from globalization 1.0 to 2.0, emphasizing the need for Chinese companies to build resilient, efficient, and risk-averse value creation networks globally rather than merely exporting products [1][3]. Group 1: Reasons for "Re-export" - Chinese companies are shifting from merely selling products abroad to relocating industries overseas as a response to trade barriers and a trend towards globalization and localization [5]. - Companies must adopt a global perspective while also integrating into local markets, providing high-quality products and services, and harmonizing with local ecosystems [5]. Group 2: Market Selection Factors - Companies face the challenge of selecting target markets after establishing their "re-export" strategy, with factors such as existing client relationships and market maturity influencing their decisions [11]. - Middle Eastern and European markets are highlighted as strategic locations for establishing operations, with specific examples of companies building factories in India and Saudi Arabia [11]. Group 3: Local Integration Strategies - Strategies for local integration include forming partnerships with influential local companies to mitigate risks and sourcing materials locally to build competitive supply chains [13]. - Companies like 宣泰医药 utilize an agency model in fragmented markets like Europe to navigate diverse regulatory requirements [13]. Group 4: Risk Management - A dynamic risk assessment mechanism is crucial for companies to adapt to political, supply chain, and operational compliance risks, with regular updates to a "global risk map" [16]. - Companies are encouraged to diversify their supply chains and establish monitoring systems to manage risks effectively [17]. Group 5: Capital Market Support - The capital market plays a vital role in supporting companies' internationalization efforts by providing funding for R&D, production expansion, and talent acquisition [20]. - Companies express the need for more long-term, low-cost financing tools and support for cross-border mergers and acquisitions to facilitate their global strategies [20][21].

Core Viewpoint - The software industry is undergoing a transformation from "cost-driven outsourcing" to "technology-driven value output," emphasizing the importance of supply chain capabilities for global competitiveness [5][10]. Group 1: Company Strategy - Foxit Software has transitioned from a follower to a technology leader in the PDF software industry, investing heavily in international standard development [2]. - The company emphasizes the importance of building localized organizations to strengthen its global presence and adapt to regional market needs [6][10]. - Foxit Software adopts a "domestic core R&D + overseas regional branches" structure to balance compliance with local regulations and long-term growth [4][6]. Group 2: Supply Chain Capabilities - The company identifies three core capabilities for supply chain success: connectivity, control, and design [3]. - Foxit Software collaborates with upstream technology providers and downstream local partners to create a closed-loop system of "technology supply - market feedback - product iteration" [3][4]. - The company focuses on mastering key value nodes, such as format parsing and encryption, to avoid dependency on foreign technologies [3][4]. Group 3: Global Market Expansion - Foxit Software plans to expand its market reach beyond traditional regions like Europe and the U.S., targeting emerging markets with high digital transformation needs [5][10]. - The company employs a strategy of "precise selection of regions + layered advancement" to adapt its approach based on market characteristics [5][10]. - The firm aims to build a collaborative ecosystem with local partners to enhance its service network in new markets, particularly along the Belt and Road Initiative [5][10]. Group 4: Collaborative Ecosystem - The company believes in the importance of "collective overseas expansion" to mitigate risks, where leading firms set direction and platforms while supporting enterprises fill in the supply chain [8]. - Foxit Software has established a collaborative network with various partners, enhancing its software capabilities within local digital ecosystems [7][8]. Group 5: Compliance and Resilience - The company stresses the need for compliance as a prerequisite, localization as a key factor, and resilience as a guarantee for successful overseas operations [11]. - Foxit Software aims to build a technology supply chain system that avoids reliance on a single region, thereby reducing geopolitical risks [10].

Core Insights - The report highlights the ongoing development of China-Honduras relations, emphasizing the benefits brought to the Honduran people through cooperation in various sectors, including agriculture and trade [2] - The report notes a significant decline in the import of complete automobiles in China, with a 30% year-on-year decrease in the first ten months of 2025 [2] - The report discusses the successful launch of the Zhuque-3 reusable rocket, although it faced challenges during the recovery phase [5] Economic News - The Ministry of Foreign Affairs reports on the strengthening of China-Honduras relations, with notable achievements in agricultural cooperation and trade agreements [2] - The China Automobile Industry Association indicates a decrease in automobile imports, with a total of 404,000 vehicles imported in the first ten months of 2025, a 30% decline year-on-year [2] - The Ministry of Commerce states that the trade-in program for consumer goods has generated over 2.5 trillion yuan in sales, benefiting over 360 million people [2] - The report mentions the launch of the Zhuque-3 rocket, which is designed for low-cost, high-frequency, and reusable space missions, although the recovery test was unsuccessful [5] Company Insights - Beibu Gulf Port reported a cargo throughput of 29.4854 million tons in November 2025, a year-on-year increase of 0.29%, with a cumulative throughput of 329 million tons for the year, up 10.19% [6] - Lingyi Technology has completed the assembly of over 5,000 humanoid robots, collaborating with more than 20 domestic companies and making progress with North American clients [6] - InnoLight Technology has formed a strategic partnership with ON Semiconductor to accelerate the application of GaN technology in various sectors, potentially generating hundreds of millions in sales [6] - Jianyou Co., Ltd. received FDA approval for its propofol injection, expanding its product offerings in the U.S. market [6] - ST Zhang's subsidiary plans to collaborate on the operation and improvement of the Dayong Ancient City project, with a registered capital of 180 million yuan [6]

证券代码：688095 证券简称：福昕软件 公告编号：2025-066 二、风险控制措施 公司将严格按照《上海证券交易所科创板股票上市规则》等相关法律法规以 及《公司章程》《募集资金管理制度》的有关规定办理相关现金管理业务；公司 财务建立台账管理，对资金运用情况建立健全完整的会计账目，做好资金使用的 账务核算工作；公司独立董事、审计委员会有权对资金使用和现金管理情况进行 监督与检查，必要时可以聘请专业机构进行审计；公司将依据上海证券交易所的 相关规定及时履行信息披露义务。 一、开立募集资金理财产品专用结算账户的情况 因募集资金现金管理的需要，公司近期开立了两个募集资金理财产品专用结 算账户，具体账户信息如下： | 开户机构 | 开户名称 | 账号 | | --- | --- | --- | | 申万宏源证券有限公司 | 福建福昕软件开发股份 有限公司 | 6808010161 | | 方正证券股份有限公司 | 福建福昕软件开发股份 | 2510333336 | | --- | --- | --- | | | 有限公司 | | 根据《上市公司募集资金监管规则》和《上海证券交易所科创板上市公司自 律监管指引第 1 ...

Core Points - Foxit Software's stock price dropped by 5.62% to 88.97 yuan as of the market close on December 3 [1] - The company was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on September 8, 2020, with an initial offering price of 238.53 yuan per share [1] - Foxit Software's stock reached an all-time high of 373.00 yuan on the ninth trading day after its listing, but is currently in a state of decline [1] Fundraising and Financials - The total amount raised from the initial public offering (IPO) was 2.872 billion yuan, with a net amount of 2.586 billion yuan after deducting issuance costs [1] - The net fundraising amount exceeded the original plan by 2.179 billion yuan, which was initially set at 407 million yuan for various projects [1] - The issuance costs for the IPO were 285 million yuan, including 267 million yuan for sponsorship and underwriting fees [1] Shareholder Information - The strategic placement involved 361,200 shares, with an investment amount of 86.157 million yuan, accounting for 3% of the total issuance [2] - The actual controller of Foxit Software is Xiong Yuqian, who holds Chinese nationality and has permanent residency in the United States [2] - The company announced cash dividends of 0.8 yuan per share (including tax) and a stock bonus of 0.4 shares for the year 2021, and for 2022, a cash dividend of 0.5 yuan per share (including tax) with a similar stock bonus [2]

兴业证券股份有限公司 关于福建福昕软件开发股份有限公司部分募投项目调整、结项及 延期暨向全资子公司增资并以自有外汇置换募集资金的核查意 见 兴业证券股份有限公司（以下简称"兴业证券"或"保荐机构"）作为福建 福昕软件开发股份有限公司（以下简称"福昕软件"或"公司"）首次公开发行 并上市的保荐机构，根据《上市公司募集资金监管规则》《上海证券交易所科创 板股票上市规则》《上海证券交易所科创板上市公司自律监管指引第 1 号——规 范运作》等相关法律法规和规范性文件的有关规定，对福昕软件部分募投项目调 整、结项及延期暨向全资子公司增资并以自有外汇置换募集资金的事项进行了审 慎核查，具体情况如下： 一、募集资金基本情况 根据中国证券监督管理委员会出具的《关于同意福建福昕软件开发股份有限 公司首次公开发行股票注册的批复》（证监许可[2020]1749 号），公司获准向社会 公开发行人民币普通股（A 股）1,204.00 万股，每股发行价格人民币 238.53 元， 募 集 资 金 总 额 为 人 民 币 2,871,901,200.00 元 ， 扣 除 各 项 发 行 费 用 人 民 币 285,422,606.33 元 ...

福建福昕软件开发股份有限公司 董事会议事规则 第一章 总 则 第一条 为规范福建福昕软件开发股份有限公司（以下简称"公司"）董事 会规范运作，完善法人治理结构，维护公司、股东的合法权益，促使董事会及其 成员有效地履行职责，确保董事会的工作效率和科学决策，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》《上市公司治理 准则》《上市公司独立董事管理办法》《上海证券交易所科创板股票上市规则》 以及《福建福昕软件开发股份有限公司章程》（以下简称《公司章程》）等法律 法规、规范性文件、上海证券交易所业务规则及公司内部制度的有关规定，特制 定本规则。 第二条 董事会是由公司股东会选举产生的常设业务决策机构，行使《公司 章程》及股东会赋予的职权。董事会对股东会负责，向其报告工作，并接受其 领导和制约。 第二章 董事会组成及其职权 第一节 董事会及其职权 第三条 董事会由七名董事组成，其中独立董事三名，职工董事一名。 第四条 公司董事会根据相关规定下设审计委员会、战略决策委员会、提名 委员会、薪酬与考核委员会等四个专门委员会。 第五条 专门委员会成员全部由董事组成，其中审计委员会、提名委员会、 薪 ...

福建福昕软件开发股份有限公司 章 程 二〇二五年十二月 | 合并、分立、增资、减资、解散和清算 44 | | --- | | 第九章 | | | | 第一章 总则 第一条 为维护福建福昕软件开发股份有限公司（以下简称"公司"、"本公 司"）、股东、职工和债权人的合法权益，规范公司的组织和行为，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》）、《上海证券交易所科创板上市公司自律监管指引第 1 号——规范 运作》《上海证券交易所科创板股票上市规则》和其他有关规定，制定本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司。 公司经股东会批准，通过有限责任公司整体变更以发起方式设立；在福州 市 市 场 监 督 管 理 局 注 册 登 记 ， 取 得 营 业 执 照 ， 统 一 社 会 信 用 代 码 ： 91350100731862878C。 第三条 公司于 2020 年 6 月 29 日取得上海证券交易所的审核同意，于 2020 年 8 月 11 日通过中国证券监督管理委员会（以下简称"中国证监会"）注 册，首次向社会公众公开发行人民币普通股 ...

福建福昕软件开发股份有限公司 独立董事提名人声明与承诺 提名人福建福昕软件开发股份有限公司董事会，现提名张国清、林涵、牛 玉贞为福建福昕软件开发股份有限公司第五届董事会独立董事候选人，并已充 分了解被提名人职业、学历、职称、详细的工作经历、全部兼职、有无重大失 信等不良记录等情况。被提名人已书面同意出任福建福昕软件开发股份有限公 司第五届董事会独立董事候选人（参见该独立董事候选人声明）。 提名人认为，被提名人具备独立董事任职资格，与福建福昕软件开发股份 有限公司之间不存在任何影响其独立性的关系，具体声明并承诺如下： 一、被提名人具备上市公司运作的基本知识，熟悉相关法律、行政法规、 规章及其他规范性文件，具有五年以上法律、经济、会计、财务、管理等履行 独立董事职责所必需的工作经验。 被提名人已经参加培训并取得证券交易所认可的相关培训证明材料。 二、被提名人任职资格符合下列法律、行政法规和部门规章的要求： （一）《中华人民共和国公司法》等关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的规定（如适用）； （三）中国证监会《上市公司独立董事管理办法》、上海证券交易所自律监 管规则以及公司 ...

鉴于上述董事会人数调整的情况，根据《中华人民共和国公司法》《上市公 司章程指引》《上海证券交易所科创板股票上市规则》等法律、法规、规范性文 件的规定，等法律、法规及规范性文件的规定，公司拟对《福建福昕软件开发股 份有限公司章程》（以下简称《公司章程》）有关条款进行修订，具体修订内容如 下： 证券代码：688095 证券简称：福昕软件 公告编号：2025-062 福建福昕软件开发股份有限公司 关于调整董事会人数、修订《公司章程》及《董事会议事规 则》并办理工商变更登记的公告 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。 福建福昕软件开发股份有限公司（以下简称"公司"）于 2025 年 12 月 1 日 召开第四届董事会第二十八次会议，审议通过了《关于调整董事会人数、修订〈公 司章程〉及〈董事会议事规则〉并办理工商变更登记的议案》。现将具体情况公 告如下： 一、调整董事会人数 为进一步提高公司董事会运作效率和科学决策水平，切实保护公司股东与职 工权益，结合公司实际情况，公司拟对董事会人数进行调整，将董事会人数由 8 名调整为 7 ...