格隆汇9月5日丨普元信息(688118.SH)在互动平台表示，公司积极参与国产软硬件生态建设，已与华为 鲲鹏、华为GaussDB、华为EulerOS等国产软硬件完成适配，累计完成2400多项国产生态适配和互认 证。 ...

截至发稿，董季周累计任职时间6年53天，现任基金资产总规模30.3亿元，任职期间最佳基金回报 162.46%， 任职期间最差基金回报13.49%。 从基金十大重仓股角度 数据显示，泰信基金旗下1只基金重仓普元信息。泰信中小盘精选混合（290011）二季度增持181万股， 持有股数458万股，占基金净值比例为5.57%，位居第十大重仓股。根据测算，今日浮亏损失约192.36万 元。连续4天下跌期间浮亏损失1149.58万元。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 9月4日，普元信息跌1.45%，截至发稿，报28.46元/股，成交1.23亿元，换手率4.71%，总市值26.13亿 元。普元信息股价已经连续4天下跌，区间累计跌幅8.1%。 资料显示，普元信息技术股份有限公司位于中国(上海)自由贸易试验区学林路36弄研创园17号楼，成立 日期2003年3月26日，上市日期2019年12月4日，公司主营业务涉及面向金融、政务、能源、电信、制造 业等行业大中型用户,提供自主 ...

泰信中小盘精选混合（290011）成立日期2011年10月26日，最新规模18.36亿。今年以来收益35.88%， 同类排名1556/8180；近一年收益129.89%，同类排名114/7967；成立以来收益424.11%。 泰信中小盘精选混合（290011）基金经理为董季周。 从普元信息十大流通股东角度 数据显示，泰信基金旗下1只基金位居普元信息十大流通股东。泰信中小盘精选混合（290011）二季度 增持181万股，持有股数458万股，占流通股的比例为4.99%。根据测算，今日浮亏损失约114.5万元。连 续3天下跌期间浮亏损失957.22万元。 截至发稿，董季周累计任职时间6年52天，现任基金资产总规模30.3亿元，任职期间最佳基金回报 163.4%， 任职期间最差基金回报13.98%。 9月3日，普元信息跌0.86%，截至发稿，报28.88元/股，成交1.14亿元，换手率4.26%，总市值26.52亿 元。普元信息股价已经连续3天下跌，区间累计跌幅6.75%。 从基金十大重仓股角度 资料显示，普元信息技术股份有限公司位于中国(上海)自由贸易试验区学林路36弄研创园17号楼，成立 日期2003年3月26日 ...

Financial Performance - The company reported total revenue of 99.18 million yuan for the first half of 2025, a decrease of 24.84% year-on-year [1] - The net profit attributable to shareholders was -29.63 million yuan, an increase of 51.05% year-on-year [1] - The gross margin improved to 49.69%, up 15.38% year-on-year, while the net margin was -29.88%, an increase of 34.87% year-on-year [1] - Total expenses (selling, administrative, and financial) amounted to 68.28 million yuan, accounting for 68.85% of revenue, an increase of 10.22% year-on-year [1] Cash Flow and Debt - The company reported a negative operating cash flow of -0.43 yuan per share, but this was an improvement of 56.32% year-on-year [1] - The company’s cash assets are considered healthy, with a significant amount of cash on hand [3] Business Model and Investment Returns - The company's historical return on invested capital (ROIC) is relatively low, with a median of 5.68% since its listing, indicating weak investment returns [3] - The business model relies heavily on research and marketing, necessitating a deeper analysis of these driving factors [3] Fund Management and Holdings - The company is held by a prominent fund manager, Dong Jizhou from Taixin Fund, who has recently increased his holdings [4] - The most significant fund holding the company is Taixin Small and Medium Cap Selected Mixed Fund, which has a scale of 1.836 billion yuan and has seen a substantial increase in value over the past year [5]

Core Insights - The company, Puyuan Information (688118.SH), reported a total revenue of 99.18 million yuan for the first half of 2025, ranking 92nd among disclosed peers, which represents a decrease of 32.78 million yuan or 24.84% year-on-year [1] - The net profit attributable to shareholders was -29.63 million yuan, ranking 62nd among peers [1] - The net cash flow from operating activities was -39.04 million yuan [1] Financial Metrics - The latest debt-to-asset ratio is 10.75% [3] - The latest gross profit margin stands at 49.69% [3] - The return on equity (ROE) is -3.63%, ranking 76th among peers [3] - The diluted earnings per share (EPS) is -0.32 yuan, ranking 93rd among peers [3] - The total asset turnover ratio is 0.10 times, a decrease of 0.03 times or 24.24% year-on-year, ranking 67th among peers [3] - The inventory turnover ratio is 1.57 times, down by 0.23 times or 12.59% year-on-year [3] Shareholder Information - The number of shareholders is 7,076, with the top ten shareholders holding a total of 33.46 million shares, accounting for 36.44% of the total share capital [3] - The largest shareholder is Liu Yadong, holding 22.8% of the shares [3]

Group 1 - The company reported a total operating revenue of 99.18 million yuan for the first half of 2025, representing a year-on-year decline of 24.84% [1] - The net profit attributable to shareholders of the parent company was -29.63 million yuan, which is an improvement of 30.90 million yuan compared to the same period last year [1] - The basic earnings per share stood at -0.323 yuan [1]

Section I Definitions [Definitions of Common Terms](index=4&type=section&id=Section%20I%20Definitions) This chapter defines key terms used in the report, including company names, reporting periods, currency units, and professional technical terms, ensuring accurate understanding of the report content - Primeton Information, the Company, this Company, and the Parent Company all refer to Primeton Information Technology Co., Ltd[11](index=11&type=chunk) - The reporting period refers to January to June 2025[11](index=11&type=chunk) - Software basic platform is a general term for products evolved from middleware, providing standard, flexible, and reusable technical components and services for application software[11](index=11&type=chunk) - Low-code platforms support rapid application development and delivery through visual modeling, declarative logic orchestration, and automated code generation[11](index=11&type=chunk) - Data middle office forms a continuously evolving data asset system by integrating multi-source heterogeneous data, building a unified data technology system, and standardizing governance mechanisms[11](index=11&type=chunk) - AI refers to Artificial Intelligence, a new technical science that studies and develops theories, methods, technologies, and application systems for simulating, extending, and expanding human intelligence[11](index=11&type=chunk) Section II Company Profile and Key Financial Indicators [I. Basic Company Information](index=6&type=section&id=I.%20Basic%20Company%20Information) This section introduces Primeton Information Technology Co., Ltd.'s basic information, including its name, legal representative, addresses, website, and email, noting registered address changes - The company's Chinese name is Primeton Information Technology Co., Ltd., abbreviated as Primeton Information[14](index=14&type=chunk) - The legal representative is Liu Yadong[14](index=14&type=chunk) - The company's registered address was changed to No. 26, Lane 36, Xuelin Road, China (Shanghai) Pilot Free Trade Zone on June 2, 2023[14](index=14&type=chunk) - The company's website is www.primeton.com, and its email is info@primeton.com[14](index=14&type=chunk) [II. Contact Persons and Information](index=6&type=section&id=II.%20Contact%20Persons%20and%20Information) This section provides contact information for the company's Board Secretary and Securities Affairs Representative, facilitating communication for investors and relevant parties - The Board Secretary (Domestic Representative for Information Disclosure) is Zhang Qinfang[15](index=15&type=chunk) - The Securities Affairs Representative is Zhan Jin[15](index=15&type=chunk) - The contact phone number is 021-58331900, and the email is info@primeton.com[15](index=15&type=chunk) [III. Information Disclosure and Location for Document Inspection Changes](index=6&type=section&id=III.%20Information%20Disclosure%20and%20Location%20for%20Document%20Inspection%20Changes) This section describes the company's information disclosure channels and locations for document inspection for its semi-annual report, ensuring investors can access public company information promptly - The company's designated information disclosure newspaper is "Shanghai Securities News" (www.cnstock.com)[16](index=16&type=chunk) - The website address for publishing the semi-annual report is www.sse.com.cn[16](index=16&type=chunk) - The company's semi-annual report is available for inspection at the company's Securities Department[16](index=16&type=chunk) [IV. Company Stock/Depositary Receipt Summary](index=6&type=section&id=IV.%20Company%20Stock%2FDepositary%20Receipt%20Summary) This section briefly introduces the company's stock information, including stock type, listing exchange and board, stock abbreviation, and stock code - The company's stock type is A-shares, listed on the STAR Market of the Shanghai Stock Exchange[17](index=17&type=chunk) - The stock abbreviation is Primeton Information, and the stock code is 688118[17](index=17&type=chunk) [VI. Key Accounting Data and Financial Indicators](index=7&type=section&id=VI.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, the company's operating revenue decreased by **24.84%** year-on-year, but total profit, net profit attributable to shareholders, and net profit after deducting non-recurring gains and losses all showed reduced losses, with a significant increase in net cash flow from operating activities Key Accounting Data (Jan-Jun 2025 vs. Prior Year Period) | Key Accounting Data | Current Reporting Period (Jan-Jun) (Yuan) | Prior Year Period (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 99,181,180.35 | 131,961,486.44 | -24.84 | | Total Profit | -34,752,671.58 | -66,866,966.22 | Not applicable | | Net Profit Attributable to Shareholders of Listed Company | -29,632,112.28 | -60,534,481.23 | Not applicable | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-recurring Gains and Losses | -38,978,960.26 | -63,642,106.73 | Not applicable | | Net Cash Flow from Operating Activities | -39,044,673.20 | -91,492,903.97 | Not applicable | Key Financial Indicators (Jan-Jun 2025 vs. Prior Year Period) | Key Financial Indicators | Current Reporting Period (Jan-Jun) | Prior Year Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (Yuan/Share) | -0.323 | -0.659 | Not applicable | | Diluted Earnings Per Share (Yuan/Share) | -0.323 | -0.659 | Not applicable | | Basic Earnings Per Share After Deducting Non-recurring Gains and Losses (Yuan/Share) | -0.425 | -0.693 | Not applicable | | Weighted Average Return on Net Assets (%) | -3.52 | -7.31 | Increased 3.79 percentage points | | Weighted Average Return on Net Assets After Deducting Non-recurring Gains and Losses (%) | -4.63 | -7.68 | Increased 3.05 percentage points | | R&D Investment as % of Operating Revenue (%) | 33.07 | 34.39 | Decreased 1.32 percentage points | - During the reporting period, the company's total profit, net profit attributable to shareholders, and net profit after deducting non-recurring gains and losses all showed reduced losses, primarily due to focusing on high-quality core businesses, reducing low-margin technical service businesses, improving overall gross profit margin, and lowering period expenses[20](index=20&type=chunk) - Net cash flow from operating activities increased by **52.4482 million yuan** compared to the same period last year, mainly due to reduced personnel compensation expenses and improved cash recovery efficiency[21](index=21&type=chunk) [VIII. Non-recurring Gains and Losses Items and Amounts](index=7&type=section&id=VIII.%20Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) This section details the non-recurring gains and losses items and their amounts for the reporting period, totaling **9.3468 million yuan**, primarily including government grants and fair value changes in financial assets Non-recurring Gains and Losses Items and Amounts | Non-recurring Gains and Losses Item | Amount (Yuan) | | :--- | :--- | | Gains and losses from disposal of non-current assets | -4,194.95 | | Government grants recognized in current profit or loss | 7,939,352.90 | | Fair value changes and disposal gains/losses from financial assets and liabilities held by non-financial enterprises | 2,638,043.38 | | Other non-operating income and expenses apart from the above | -211,111.90 | | Less: Income tax impact | 1,015,241.45 | | Total | 9,346,847.98 | [IX. Companies with Equity Incentive or Employee Stock Ownership Plans May Choose to Disclose Net Profit After Deducting Share-based Payment Impact](index=8&type=section&id=IX.%20Companies%20with%20Equity%20Incentive%20or%20Employee%20Stock%20Ownership%20Plans%20May%20Choose%20to%20Disclose%20Net%20Profit%20After%20Deducting%20Share-based%20Payment%20Impact) This section discloses the net profit after deducting the impact of share-based payments, showing a narrower loss in the current reporting period compared to the same period last year Net Profit After Deducting Share-based Payment Impact | Key Accounting Data | Current Reporting Period (Jan-Jun) (Yuan) | Prior Year Period (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Net Profit After Deducting Share-based Payment Impact | -26,951,453.75 | -57,002,345.75 | Not applicable | Section III Management Discussion and Analysis [I. Industry and Main Business Overview During the Reporting Period](index=10&type=section&id=I.%20Industry%20and%20Main%20Business%20Overview%20During%20the%20Reporting%20Period) As a leading domestic provider of software basic platform products and solutions, the company deeply cultivates industries such as finance, telecommunications, and government affairs, offering intelligent data middle office, low-code platforms, and middleware products [(I) Industry Overview](index=10&type=section&id=(I)%20Industry%20Overview) The company belongs to the software and information technology services industry, benefiting from the accelerated digital transformation of enterprises and the "AI+" initiative during China's "14th Five-Year Plan" period - The company's industry is software and information technology services, with industry code I65[29](index=29&type=chunk) - During the "14th Five-Year Plan" period, China's enterprise digital transformation accelerated, with the digital economy becoming a key growth driver, supported by continuous national policy[30](index=30&type=chunk) - The 2025 Government Work Report proposed continued advancement of the "AI+" initiative, supporting the widespread application of large models[30](index=30&type=chunk) - The Chinese software market is projected to grow at a compound annual growth rate of **7.8%** over the next three years[30](index=30&type=chunk) - The company was awarded titles such as "Low-Code Market Leader" and "2024 China Enterprise IT Award Best Low-Code Provider"[31](index=31&type=chunk) - The company ranked 9th in the intelligent agent platform domain in the "China Commercial AI Intelligent Agent Selection Ranking," being the only representative enterprise listed for software basic platforms integrating AI intelligent agent development[31](index=31&type=chunk)[32](index=32&type=chunk) [(II) Main Business, Products, or Services](index=11&type=section&id=(II)%20Main%20Business%2C%20Products%2C%20or%20Services) The company's main business is providing software basic platform products and solutions, including intelligent data middle office, low-code platforms, and middleware series products, adopting a "software product + technical service" model to support customer digital transformation and domestic innovation needs - The company is a leading domestic provider of software basic platform products and solutions, serving industries such as finance, telecommunications, government affairs, energy, and advanced manufacturing[33](index=33&type=chunk) - The main business system is "software product + technical service," including software basic platform business (data middle office, low-code platform, middleware) and application development business based on software basic platforms[33](index=33&type=chunk) - The company integrates low-code technology into its data middle office and middleware product systems, creating a component-based technology platform and core technology portfolio[34](index=34&type=chunk) Overview of Main Products/Solutions | Product/Solution Category | Main Functions | | :--- | :--- | | Intelligent Data Middle Office | Provides platforms for data asset management, metadata management, master data management, data quality management, data development, data integration, enhancing data quality and value | | Low-Code Platform | Provides low-code development platform, business process platform, microservice application platform, and DevOps platform, enabling rapid application building, deployment, and management | | Middleware | Provides enterprise service bus, API gateway, large file transfer platform, application server, and message middleware, enabling heterogeneous system integration, API management, efficient file transfer, and message assurance | [(III) Main Business Model](index=13&type=section&id=(III)%20Main%20Business%20Model) The company's business model encompasses technical brand promotion, pre-sales, and business marketing, with product delivery primarily consisting of standard products and technical services, and R&D adopting the iPALM model - Marketing model is divided into three stages: technical brand promotion, pre-sales, and business, enhancing brand awareness through conferences, advertising, and self-media[39](index=39&type=chunk) - Delivery and pricing models are divided into product delivery (priced by usage quantity) and technical service delivery (priced by person-month or project)[40](index=40&type=chunk) - The R&D model adopts the iPALM model (Integrated Product Agile Lifecycle Management), covering the entire lifecycle from market analysis, technology pre-research, product planning, R&D to maintenance[41](index=41&type=chunk)[42](index=42&type=chunk) - The procurement model primarily involves technical service procurement, with established supplier management systems, and also covers procurement of daily operational materials[43](index=43&type=chunk) [II. Discussion and Analysis of Operations](index=14&type=section&id=II.%20Discussion%20and%20Analysis%20of%20Operations) During the reporting period, the company achieved comprehensive product integration and upgrade with mainstream large models, accelerating AI intelligent agent development, and focusing on high-quality core businesses, resulting in improved operational quality [(I) Overview of Operations](index=14&type=section&id=(I)%20Overview%20of%20Operations) During the reporting period, the company achieved native integration and upgrade of its entire product line with mainstream large models, empowering intelligent applications in customer scenarios and accelerating the R&D of next-generation AI intelligent agent development and configuration platforms - The company has achieved native integration and upgrade of its entire product line with mainstream large models, empowering intelligent applications in customer scenarios and accelerating the R&D of next-generation AI intelligent agent development and configuration platforms[43](index=43&type=chunk) Key Operating Data for the Reporting Period | Indicator | Amount (Million Yuan) | YoY/QoQ Change | | :--- | :--- | :--- | | Operating Revenue | 99.1812 | - | | Net Profit Attributable to Parent Company Owners | -29.6321 | Reduced loss by **30.9024 million yuan** | | Net Cash Flow from Operating Activities | -39.0447 | Increased by **52.4482 million yuan** | | Overall Gross Profit Margin | - | Increased by **6.63 percentage points** | | Net Profit for Q2 Single Quarter | -2.0913 | Single-quarter loss narrowed by **92.41%** QoQ | [(II) Discussion and Analysis of Operating Performance](index=14&type=section&id=(II)%20Discussion%20and%20Analysis%20of%20Operating%20Performance) The company achieved **83.9875 million yuan** in software basic platform business revenue by focusing on high-quality business and reducing low-margin technical services, successfully expanding into new sectors and accelerating ecological channel network layout [1. Business Expansion](index=14&type=section&id=1.Business%20Expansion) The company continued to focus on high-quality businesses, reducing low-margin technical services, with software basic platform business revenue reaching **83.9875 million yuan**, and successfully expanded into advantageous industries and new areas - Software basic platform business revenue was **83.9875 million yuan**, and application development business revenue based on the platform was **15.1937 million yuan**[46](index=46&type=chunk) - Successfully signed multiple industry clients including China Citic Bank International (China), China Mobile Guangdong Company, State Power Investment Corporation, and National Information Center[46](index=46&type=chunk) - Added manufacturing and consumer sector clients such as China State Shipbuilding Corporation, a heavy machinery group, a southwestern aircraft industry group, and Master Kong Beverages[46](index=46&type=chunk) - As of the end of the reporting period, the total number of signed channel partners exceeded **300**[46](index=46&type=chunk) [2. R&D Status](index=15&type=section&id=2.R%26D%20Status) The company's product lines underwent comprehensive AI full-stack upgrades, launching "Yikai, Yishu, Jilian" three intelligent digital bases, completing integration with mainstream large models, and strengthening domestic innovation ecological cooperation - Launched "Yikai, Yishu, Jilian" three intelligent digital bases, making enterprise-level software development, operations, and maintenance intelligent[47](index=47&type=chunk) - A new AI intelligent agent development platform is under development, featuring AI model access management, intelligent knowledge base construction, and intelligent agent workflow orchestration capabilities[47](index=47&type=chunk) - The company's full-stack product line base has completed scene adaptation and deployment verification with mainstream large models such as DeepSeek, Qwen, and Baidu Wenxin[47](index=47&type=chunk) - As one of the core participants in the Cangjie project, contributed CGit, Cangjie version ZooKeeper client, and Elasticsearch Cangjie version client[48](index=48&type=chunk) - Cumulatively completed over **2,400** domestic innovation compatibility adaptation certifications, including domestic operating systems, databases, servers, and CPUs[49](index=49&type=chunk) [3. Brand Building](index=16&type=section&id=3.Brand%20Building) During the reporting period, the company's brand position and exposure continued to increase, receiving multiple industry honors and case recognitions - Entered HaiBi Research Institute's "China Commercial AI Intelligent Agent Selection Ranking" and was selected into CCID Consulting's "Low-Code Market Leader" quadrant[50](index=50&type=chunk) - Awarded "Outstanding Contribution Unit for Digital Government Construction Empowerment Program 2024" and "Member Unit of EDCC Enterprise Digital Development Co-construction and Sharing Platform Enterprise Intelligent Assembly Development Promotion Center"[50](index=50&type=chunk) - Awarded "2024 China Intelligent Manufacturing Outstanding Supplier" by e-works Digital Enterprise Network[50](index=50&type=chunk) - Multiple projects, including intelligent low-code empowering Shanghai Corporate Comprehensive Database "One Enterprise, One File," were selected as typical application cases[50](index=50&type=chunk) [III. Analysis of Core Competitiveness During the Reporting Period](index=16&type=section&id=III.%20Analysis%20of%20Core%20Competitiveness%20During%20the%20Reporting%20Period) The company's core competitiveness lies in its deep R&D accumulation and continuous innovation capabilities, forming a rich product portfolio and establishing a unique iPALM R&D system, with a broad base of high-quality customers and scalable technical delivery capabilities [(I) Core Competitiveness Analysis](index=16&type=section&id=(I)%20Core%20Competitiveness%20Analysis) The company's core competitiveness is primarily reflected in R&D accumulation and continuous innovation capabilities, a broad base of high-quality customers, and scalable technical delivery capabilities - The company specializes in the software basic platform domain, with a product portfolio covering multiple technical areas including middleware, low-code platforms, and data middle office, demonstrating significant advantages[51](index=51&type=chunk) - Established a unique iPALM R&D system and has passed CMMI Level 5 certification for software development process maturity five consecutive times since 2012[52](index=52&type=chunk) - Gained recognition from over **a thousand** large and medium-sized users in key industries such as finance, telecommunications, government affairs, energy, and advanced manufacturing, establishing a strong brand image[53](index=53&type=chunk) - Possesses a scaled product R&D and technical service team, capable of providing professional platform product customization and implementation services, and supporting domestic innovation application system migration or transformation[54](index=54&type=chunk) [(III) Core Technologies and R&D Progress](index=17&type=section&id=(III)%20Core%20Technologies%20and%20R%26D%20Progress) Adhering to independent innovation, the company continuously invests in R&D, achieving intelligent upgrades and expansion of its product matrix, thereby consolidating its core technological advantages, with total R&D investment of **32.8013 million yuan** [1. Core Technologies, Their Advanced Nature, and Changes During the Reporting Period](index=17&type=section&id=1.%20Core%20Technologies%2C%20Their%20Advanced%20Nature%2C%20and%20Changes%20During%20the%20Reporting%20Period) The company specializes in the software basic platform domain, closely following new technology trends, and has successfully built a one-stop technology platform covering low-code development, data governance, application support, and integration - The company specializes in the software basic platform domain, creating a one-stop technology platform covering low-code development, data governance, application support, and integration[55](index=55&type=chunk) - Became a unit member of the National Information Technology Standardization Technical Committee's Artificial Intelligence Subcommittee and a member unit of the Cloud Computing and Distributed Platform Subcommittee[55](index=55&type=chunk) - Approved to join the first batch of members of the "15th Five-Year Plan" Enterprise Digitalization Research Task Force, led by the China Academy of Information and Communications Technology (CAICT) EDCC[56](index=56&type=chunk) - As of the end of the reporting period, holds over **40** core technologies, with **46** authorized invention patents and **330** computer software copyrights accumulated[57](index=57&type=chunk) - Possesses national-level enterprise technology center, national key software enterprise, postdoctoral research workstation, and "specialized, refined, unique, and new" "little giant" enterprise honors and qualifications[57](index=57&type=chunk) [2. R&D Achievements During the Reporting Period](index=19&type=section&id=2.%20R%26D%20Achievements%20During%20the%20Reporting%20Period) During the reporting period, the company's three major product lines fully integrated large model capabilities, achieving intelligent application development, intelligent data management and governance, and intelligent connection and integration, significantly enhancing the competitiveness of the product matrix - The three major product lines fully integrated large model capabilities, solidifying the AI digital intelligence foundation and promoting integrated development of applications and AI intelligent agents[61](index=61&type=chunk) - The iPaaS intelligent integration platform added capabilities such as API orchestration and API full lifecycle management, while the data development platform added project configuration, data operations and maintenance, and domestic intelligent engine adaptation[61](index=61&type=chunk) - The low-code development platform added features such as resource group binding and process data permissions, while the DevOps platform added capabilities such as cluster management and one-click release for production deployment[61](index=61&type=chunk)[62](index=62&type=chunk) - Cumulatively completed over **2,400** domestic ecosystem adaptations and mutual certifications, including chip products like Huawei Kunpeng, Phytium, and Hygon, and operating system products like UnionTech and Kylin[62](index=62&type=chunk) Intellectual Property List During the Reporting Period | Intellectual Property Type | New Applications This Period (Units) | New Grants This Period (Units) | Cumulative Applications (Units) | Cumulative Grants (Units) | | :--- | :--- | :--- | :--- | :--- | | Invention Patents | 2 | 0 | 113 | 46 | | Software Copyrights | 9 | 9 | 330 | 330 | | Registered Trademarks | 0 | 2 | 28 | 28 | | Total | 11 | 11 | 471 | 404 | [3. R&D Investment Table](index=20&type=section&id=3.%20R%26D%20Investment%20Table) During the reporting period, the company's expensed R&D investment was **32.8013 million yuan**, a year-on-year decrease of **27.73%**, with total R&D investment as a percentage of operating revenue decreasing by **1.32 percentage points** R&D Investment Status | Indicator | Current Period Amount (Yuan) | Prior Year Period Amount (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Expensed R&D Investment | 32,801,304.95 | 45,385,024.74 | -27.73 | | Total R&D Investment | 32,801,304.95 | 45,385,024.74 | -27.73 | | Total R&D Investment as % of Operating Revenue (%) | 33.07 | 34.39 | Decreased 1.32 percentage points | [4. R&D Project Status](index=21&type=section&id=4.%20R%26D%20Project%20Status) The company's ongoing R&D projects primarily include intelligent low-code application platforms, intelligent data middle office, and basic middleware-related products and technologies, with a total estimated investment of **530 million yuan** Major R&D Project Status | No. | Project Name | Estimated Total Investment (Million Yuan) | Investment This Period (Million Yuan) | Cumulative Investment (Million Yuan) | Progress or Phased Achievements | | :--- | :--- | :--- | :--- | :--- | :--- | | 1 | Intelligent Low-Code Application Platform Related Products and Technologies | 200.00 | 11.3077 | 121.1239 | R&D in progress, products continuously updated and iterated | | 2 | Intelligent Data Middle Office Related Products and Technologies | 180.00 | 16.1921 | 114.1720 | R&D in progress, products continuously updated and iterated | | 3 | Basic Middleware Related Products and Technologies | 150.00 | 5.3015 | 83.8016 | R&D in progress, products continuously updated and iterated | | Total | / | 530.00 | 32.8013 | 319.0975 | / | [5. R&D Personnel Status](index=23&type=section&id=5.%20R%26D%20Personnel%20Status) As of the end of the reporting period, the company had **174** R&D personnel, accounting for **18.71%** of the total workforce, with total compensation of **26.7315 million yuan** Basic Information of R&D Personnel | Indicator | Current Period Number | Prior Year Period Number | | :--- | :--- | :--- | | Number of Company R&D Personnel (Persons) | 174 | 253 | | R&D Personnel as % of Total Company Personnel (%) | 18.71 | 21.30 | | Total R&D Personnel Compensation (Yuan) | 26,731,469.63 | 38,543,470.35 | | Average R&D Personnel Compensation (Yuan) | 149,477.00 | 143,998.02 | Educational Background of R&D Personnel | Educational Background | Number (Persons) | Proportion (%) | | :--- | :--- | :--- | | Bachelor's Degree and Above | 149 | 85.63 | | Below Bachelor's Degree | 25 | 14.37 | | Total | 174 | 100.00 | Age Structure of R&D Personnel | Age Range | Number (Persons) | Proportion (%) | | :--- | :--- | :--- | | Under 30 (excluding 30) | 41 | 23.56 | | 30-40 (including 30, excluding 40) | 91 | 52.30 | | 40-50 (including 40, excluding 50) | 38 | 21.84 | | 50-60 (including 50, excluding 60) | 4 | 2.30 | | Total | 174 | 100.00 | - Last year, the company adjusted its R&D talent structure, strengthening R&D talent deployment in intelligent directions and core product platforms, and reducing the scale of R&D personnel in some mature industry sectors, but the core R&D team and key technical personnel did not undergo significant changes[70](index=70&type=chunk) [IV. Risk Factors](index=23&type=section&id=IV.%20Risk%20Factors) The company faces risks of performance decline or loss due to macroeconomic uncertainties, seasonal fluctuations in operating performance, core competitiveness risks in a technology-intensive industry, accounts receivable collection risks, and intensifying market competition - The company faces risks of performance decline or loss, primarily due to macroeconomic uncertainties, which may cause downstream customers to delay business initiatives[71](index=71&type=chunk) - Operating performance is subject to seasonal fluctuations, with a lower proportion of revenue in the first half and a higher proportion in the second half, especially the fourth quarter[72](index=72&type=chunk)[73](index=73&type=chunk) - The company's software basic platform domain is a technology-intensive industry, facing core competitiveness risks such as product technology iteration and R&D investment not meeting expectations[74](index=74&type=chunk) - Accounts receivable collection poses risks; although major customers have good credit, unfavorable changes in the downstream market could lead to delayed or non-payment[75](index=75&type=chunk) - Market competition risks are intensifying, with a continuous increase in existing competitors and new entrants in the industry[76](index=76&type=chunk) [V. Key Operating Performance During the Reporting Period](index=24&type=section&id=V.%20Key%20Operating%20Performance%20During%20the%20Reporting%20Period) This section analyzes the company's main business, asset and liability, and investment status during the reporting period, noting changes in revenue, costs, cash flow, inventory, and financial assets [(I) Main Business Analysis](index=24&type=section&id=(I)%20Main%20Business%20Analysis) During the reporting period, the company's operating revenue decreased by **24.84%** year-on-year, and operating costs decreased by **33.59%**, primarily due to focusing on high-quality core businesses and reducing low-margin technical service businesses Analysis of Changes in Financial Statement Items (Jan-Jun 2025 vs. Prior Year Period) | Item | Current Period Amount (Yuan) | Prior Year Period Amount (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 99,181,180.35 | 131,961,486.44 | -24.84 | | Operating Cost | 49,893,213.99 | 75,126,737.77 | -33.59 | | Selling Expenses | 50,227,601.31 | 58,475,349.42 | -14.10 | | Administrative Expenses | 20,436,433.56 | 25,857,759.97 | -20.97 | | Financial Expenses | -2,382,196.73 | -1,905,313.81 | Not applicable | | R&D Expenses | 32,801,304.95 | 45,385,024.74 | -27.73 | | Net Cash Flow from Operating Activities | -39,044,673.20 | -91,492,903.97 | Not applicable | | Net Cash Flow from Investment Activities | -20,657,571.37 | 20,364,696.18 | -201.44 | | Net Cash Flow from Financing Activities | -15,326,924.22 | -1,810,681.95 | Not applicable | - Operating costs decreased by **33.59%** year-on-year, primarily due to the company focusing on high-quality core businesses, reducing low-margin technical service businesses, and an increase of **6.63 percentage points** in overall gross profit margin[79](index=79&type=chunk) - Net cash flow from operating activities increased by **52.4482 million yuan** compared to the same period last year, mainly due to reduced personnel compensation expenses and improved cash recovery efficiency[79](index=79&type=chunk) - Net cash flow from investment activities decreased by **41.0223 million yuan** compared to the same period last year, primarily due to increased cash outflow from purchasing principal-protected bank wealth management products with idle funds in the current period[79](index=79&type=chunk) - Net cash flow from financing activities decreased by **13.5162 million yuan** compared to the same period last year, primarily due to the distribution of cash dividends in the current period[79](index=79&type=chunk)[80](index=80&type=chunk) [(III) Analysis of Assets and Liabilities](index=25&type=section&id=(III)%20Analysis%20of%20Assets%20and%20Liabilities) As of the end of the reporting period, the company's inventory increased by **104.58%** compared to the end of the previous year, while employee compensation payable and taxes payable decreased by **30.15%** and **70.87%** respectively Changes in Assets and Liabilities (Period-end vs. Prior Year-end) | Item Name | Current Period-end Amount (Yuan) | % of Total Assets at Current Period-end | Prior Year-end Amount (Yuan) | % of Total Assets at Prior Year-end | Change from Prior Year-end (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Inventory | 42,621,301.84 | 4.66 | 20,833,951.72 | 2.13 | 104.58 | | Employee Compensation Payable | 27,142,148.79 | 2.97 | 38,860,518.30 | 3.97 | -30.15 | | Taxes Payable | 3,640,924.48 | 0.40 | 12,499,163.99 | 1.28 | -70.87 | - Inventory balance at period-end increased by **104.58%** compared to the end of the previous year, primarily due to an increase in projects not yet meeting acceptance conditions at the current period-end[82](index=82&type=chunk) - Employee compensation payable balance at period-end decreased by **30.15%** compared to the end of the previous year, primarily due to the payment of prior year bonuses in the current period[82](index=82&type=chunk) - Taxes payable balance at period-end decreased by **70.87%** compared to the end of the previous year, primarily due to a reduction in value-added tax payable in the current period[82](index=82&type=chunk) [(IV) Investment Status Analysis](index=26&type=section&id=(IV)%20Investment%20Status%20Analysis) The company's financial assets measured at fair value totaled **248.7617 million yuan** at period-end, an increase from the beginning of the period, primarily comprising trading financial assets and equity investments in unlisted companies Financial Assets Measured at Fair Value (Period-end vs. Period-beginning) | Asset Category | Period-beginning Amount (Yuan) | Purchases This Period (Yuan) | Sales/Redemptions This Period (Yuan) | Period-end Amount (Yuan) | | :--- | :--- | :--- | :--- | :--- | | Other | 229,616,052.18 | 362,000,000.00 | 344,012,023.62 | 248,761,658.70 | | Of which: Trading financial assets/Wealth management products measured at fair value with changes recognized in current profit or loss | 191,544,106.18 | 362,000,000.00 | 344,012,023.62 | 210,689,712.70 | | Other non-current financial assets/Equity instrument investments measured at fair value with changes recognized in current profit or loss | 37,071,946.00 | - | - | 37,071,946.00 | | Other equity instrument investments/Non-trading equity instrument investments measured at fair value with changes recognized in other comprehensive income | 1,000,000.00 | - | - | 1,000,000.00 | | Total | 229,616,052.18 | 362,000,000.00 | 344,012,023.62 | 248,761,658.70 | Section IV Corporate Governance, Environment, and Society [I. Changes in Directors, Senior Management, and Core Technical Personnel](index=28&type=section&id=I.%20Changes%20in%20Directors%2C%20Senior%20Management%2C%20and%20Core%20Technical%20Personnel) During the reporting period, there were changes in the company's directors, senior management, and core technical personnel, primarily due to a revised articles of association no longer establishing a supervisory board - Chen Ling was elected as an employee representative director of the company's Fifth Board of Directors[88](index=88&type=chunk) - Chen Ling, Huang Qingjing, and Zhu Qianrong resigned as supervisors because the company revised its Articles of Association, no longer establishing a supervisory board, with its functions now exercised by the Board's Audit Committee[88](index=88&type=chunk) [II. Profit Distribution or Capital Reserve Conversion Plan](index=28&type=section&id=II.%20Profit%20Distribution%20or%20Capital%20Reserve%20Conversion%20Plan) The company did not formulate a profit distribution plan or capital reserve conversion to share capital plan for this semi-annual period - The proposed profit distribution plan or capital reserve conversion to share capital plan for this semi-annual period is "No"[89](index=89&type=chunk) [III. Status and Impact of Company Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=28&type=section&id=III.%20Status%20and%20Impact%20of%20Company%20Equity%20Incentive%20Plans%2C%20Employee%20Stock%20Ownership%20Plans%2C%20or%20Other%20Employee%20Incentive%20Measures) The company adjusted its 2022, 2023, and 2024 restricted stock incentive plans, canceling some unvested shares due to various reasons and adjusting the grant price for the 2024 plan - A total of **1.946 million** restricted shares granted but unvested under the 2022 restricted stock incentive plan were canceled, due to reasons including the departure of incentive recipients and failure to meet company-level performance targets[90](index=90&type=chunk)[91](index=91&type=chunk) - A total of **2.954 million** restricted shares granted but unvested under the 2023 restricted stock incentive plan were canceled, due to reasons including the departure of incentive recipients, voluntary relinquishment, and failure to meet company-level performance targets[91](index=91&type=chunk) - A total of **3,000** restricted shares granted but unvested under the 2024 restricted stock incentive plan were canceled, due to reasons including the departure of incentive recipients[91](index=91&type=chunk) - The grant price of the 2024 restricted stock incentive plan was adjusted from **14.00 yuan/share** to **13.90 yuan/share**, and then again to **13.75 yuan/share**, due to the completion of the company's 2023 and 2024 annual equity distributions[91](index=91&type=chunk) - All **71** incentive recipients of the company's 2024 restricted stock incentive plan have met the vesting conditions for the first vesting period, with **1.4991 million** shares eligible for vesting this time[91](index=91&type=chunk) Section V Significant Matters [I. Fulfillment of Commitments](index=30&type=section&id=I.%20Fulfillment%20of%20Commitments) This section details the fulfillment of commitments made by the company's actual controller, shareholders, related parties, and the company itself regarding initial public offering and equity incentives, all of which were strictly fulfilled during the reporting period Fulfillment of Commitments | Commitment Background | Commitment Type | Promisor | Summary of Commitment Content | Commitment Period | Whether Timely and Strictly Fulfilled | | :--- | :--- | :--- | :--- | :--- | :--- | | Related to IPO | Share Lock-up | Liu Yadong | Not to transfer shares within 36 months after listing; if share price is below issue price, lock-up period extends by 6 months; not to transfer within 6 months after resignation, etc | Within 36 months from the date of company listing and during tenure as director, supervisor, or senior management until 6 months after resignation | Yes | | Related to IPO | Share Lock-up | Yang Yubao, Lu Yajuan | Not to transfer shares within 12 months after listing; if share price is below issue price, lock-up period extends by 6 months; not to transfer within 6 months after resignation, etc | Within 12 months from the date of company listing and during tenure as director, supervisor, or senior management until 6 months after resignation | Yes | | Related to IPO | Share Lock-up | Chen Ling | Not to transfer shares within 12 months after listing; not to transfer within 6 months after resignation, etc | Within 12 months from the date of company listing and during tenure as director, supervisor, or senior management until 6 months after resignation | Yes | | Related to IPO | Share Lock-up | Liu Jian | Not to transfer shares within 36 months after listing; if share price is below issue price, lock-up period extends by 6 months; Liu Yadong's tenure allows annual transfer of no more than 25% of shares | Within 36 months from the date of company listing, during Liu Yadong's tenure, and within 6 months after his resignation | Yes | | Related to IPO | Dividend | Primeton Information | Formulate a shareholder dividend return plan, with annual cash profit distribution no less than 10% of distributable profit for the year | Long-term | Yes | | Related to IPO | Resolution of Horizontal Competition | Liu Yadong | Not to directly or indirectly develop, operate, or participate in activities that compete with the company's business | Effective from the date of the commitment letter, during my tenure as the company's controlling shareholder and actual controller | Yes | | Related to IPO | Resolution of Related-Party Transactions | Liu Yadong | Ensure related-party transactions are conducted according to fair, equitable, arm's length, and market-based principles | Effective from the date of the commitment letter, during my tenure as a shareholder holding 5% or more of the company's shares | Yes | | Related to IPO | Other | Liu Yadong, Company Directors, Supervisors, Senior Management | Commit not to overstep authority in interfering with company operations, not to infringe on company interests, and link compensation system with return-filling measures, etc | Long-term | Yes | | Related to IPO | Other | Primeton Information | Commit to the truthfulness, accuracy, and completeness of the prospectus; if there are false statements, etc., shares will be repurchased and investors compensated for losses | Long-term | Yes | | Related to IPO | Other | Liu Yadong | Commit to the truthfulness, accuracy, and completeness of the prospectus; if there are false statements, etc., will urge the company to repurchase shares and compensate investors for losses | Long-term | Yes | | Related to IPO | Other | Primeton Information, Liu Yadong | Commit that there are no fraudulent issuance circumstances; if fraudulent issuance occurs, all new shares will be repurchased | Long-term | Yes | | Related to IPO | Other | Primeton Information, Controlling Shareholder, Actual Controller, Directors, Supervisors, Senior Management | Commit to the truthfulness, accuracy, and completeness of the prospectus and other disclosure documents; if there are false statements, etc., investors will be compensated for losses | Long-term | Yes | | Related to IPO | Other | Primeton Information | Commitment regarding unfulfilled commitment restraint measures; if commitments are not fulfilled, responsibilities will be borne and losses compensated | Long-term | Yes | | Related to IPO | Other | Liu Yadong, Ningbo Jundu Derui Venture Capital Partnership (Limited Partnership), Wang Lan | Commitment regarding unfulfilled commitment restraint measures; if commitments are not fulfilled, responsibilities will be borne and losses compensated | Long-term | Yes | | Related to IPO | Other | Directors, Supervisors, Senior Management | Commitment regarding unfulfilled commitment restraint measures; if commitments are not fulfilled, responsibilities will be borne and losses compensated | Long-term | Yes | | Related to Equity Incentive | Other | Primeton Information | Commit not to provide loans and financial assistance to 2022 restricted stock incentive recipients | From the announcement date of the 2022 restricted stock incentive plan draft until the completion/termination of this equity incentive | Yes | | Related to Equity Incentive | Other | All 2022 Restricted Stock Incentive Recipients of the Company | Commit that if information disclosure documents contain false statements, etc., leading to non-compliance with equity grant conditions, all benefits will be returned | From the announcement date of the 2022 restricted stock incentive plan draft until the completion/termination of this equity incentive | Yes | | Related to Equity Incentive | Other | Primeton Information | Commit not to provide loans and financial assistance to 2023 restricted stock incentive recipients | From the announcement date of the 2023 restricted stock incentive plan draft until the completion/termination of this equity incentive | Yes | | Related to Equity Incentive | Other | All 2023 Restricted Stock Incentive Recipients of the Company | Commit that if information disclosure documents contain false statements, etc., leading to non-compliance with equity grant conditions, all benefits will be returned | From the announcement date of the 2023 restricted stock incentive plan draft until the completion/termination of this equity incentive | Yes | | Related to Equity Incentive | Other | Primeton Information | Commit not to provide loans and financial assistance to 2024 restricted stock incentive recipients | From the announcement date of the 2024 restricted stock incentive plan draft until the completion/termination of this equity incentive | Yes | | Related to Equity Incentive | Other | All 2024 Restricted Stock Incentive Recipients of the Company | Commit that if information disclosure documents contain false statements, etc., leading to non-compliance with equity grant conditions, all benefits will be returned | From the announcement date of the 2024 restricted stock incentive plan draft until the completion/termination of this equity incentive | Yes | [VII. Significant Litigation and Arbitration Matters](index=40&type=section&id=VII.%20Significant%20Litigation%20and%20Arbitration%20Matters) During the reporting period, the company had no significant litigation or arbitration matters - The company had no significant litigation or arbitration matters in this reporting period[7](index=7&type=chunk) Section VI Share Changes and Shareholder Information [I. Share Capital Changes](index=43&type=section&id=I.%20Share%20Capital%20Changes) During the reporting period, the company's share capital changed, with total share capital decreasing from **93,970,039 shares** to **91,817,613 shares**, primarily due to the cancellation of **2,152,426 shares** from the second share repurchase [1. Table of Share Capital Changes](index=43&type=section&id=1.%20Table%20of%20Share%20Capital%20Changes) The company's total share capital decreased by **2,152,426 shares** from **93,970,039 shares** at the beginning of the period to **91,817,613 shares** at the end of the period, with a corresponding reduction in the number of unrestricted tradable shares Table of Share Capital Changes | | Number Before Change | Proportion Before Change (%) | Net Increase/Decrease in This Change (+,-) | Number After Change | Proportion After Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | II. Unrestricted Tradable Shares | 93,970,039 | 100 | -2,152,426 | 91,817,613 | 100 | | 1. RMB Ordinary Shares | 93,970,039 | 100 | -2,152,426 | 91,817,613 | 100 | | III. Total Shares | 93,970,039 | 100 | -2,152,426 | 91,817,613 | 100 | [2. Explanation of Share Capital Changes](index=43&type=section&id=2.%20Explanation%20of%20Share%20Capital%20Changes) On February 28, 2025, the company completed the cancellation of **2,152,426 shares** from its second share repurchase, resulting in a change in total share capital from **93,970,039 shares** to **91,817,613 shares** - On February 28, 2025, the company completed the cancellation of **2,152,426 shares** from its second share repurchase[111](index=111&type=chunk) - After cancellation, the company's total share capital changed from **93,970,039 shares** to **91,817,613 shares**[111](index=111&type=chunk) [II. Shareholder Information](index=44&type=section&id=II.%20Shareholder%20Information) As of the end of the reporting period, the total number of ordinary shareholders was **7,076**, with Liu Yadong holding the highest proportion among the top ten shareholders at **22.81%** [(I) Total Number of Shareholders](index=44&type=section&id=(I)%20Total%20Number%20of%20Shareholders) As of the end of the reporting period, the total number of ordinary shareholders was **7,076** - As of the end of the reporting period, the total number of ordinary shareholders (households) was **7,076**[113](index=113&type=chunk) [(II) Top Ten Shareholders and Top Ten Unrestricted Shareholders as of the End of the Reporting Period](index=44&type=section&id=(II)%20Top%20Ten%20Shareholders%20and%20Top%20Ten%20Unrestricted%20Shareholders%20as%20of%20the%20End%20of%20the%20Reporting%20Period) As of the end of the reporting period, Liu Yadong was the largest shareholder with **20,942,809 shares** (**22.81%**), and China Bank Co., Ltd. - Taixin Small and Medium Cap Select Stock Investment Fund held **4,580,000 shares** (**4.99%**) - Among the top ten shareholders, Yi Zhou held a total of **826,365 shares** through ordinary securities accounts and margin trading accounts[114](index=114&type=chunk) - Xie Xiaoru held **751,484 shares** through a margin trading account[114](index=114&type=chunk) Top Ten Shareholders' Shareholding (Excluding Shares Lent via Securities Refinancing) | Shareholder Name | Change During Reporting Period | Shares Held at Period-end | Proportion (%) | Shareholder Type | | :--- | :--- | :--- | :--- | :--- | | Liu Yadong | 0 | 20,942,809 | 22.81 | Domestic Natural Person | | China Bank Co., Ltd. - Taixin Small and Medium Cap Select Stock Investment Fund | Unknown | 4,580,000 | 4.99 | Other | | Yang Yubao | -641,900 | 2,017,270 | 2.20 | Domestic Natural Person | | Li Jian | -53,905 | 1,253,595 | 1.37 | Domestic Natural Person | | Shenzhen Daolin Private Securities Investment Fund Management Co., Ltd. - Daolin Huashan Lun Dao Private Securities Investment Fund | +254,545 | 924,547 | 1.01 | Other | | Yi Zhou | +5,374 | 826,365 | 0.90 | Domestic Natural Person | | Liang Meng | Unknown | 763,966 | 0.83 | Domestic Natural Person | | Xie Xiaoru | Unknown | 751,484 | 0.82 | Domestic Natural Person | | Wang Keqiang | -50,000 | 731,332 | 0.80 | Domestic Natural Person | | Wu Jianlin | -74,753 | 670,000 | 0.73 | Domestic Natural Person | [III. Directors, Senior Management, and Core Technical Personnel](index=46&type=section&id=III.%20Directors%2C%20Senior%20Management%2C%20and%20Core%20Technical%20Personnel) During the reporting period, the shareholdings of the company's directors, senior management, and core technical personnel changed, with Yang Yubao and Wang Keqiang reducing some of their shares through secondary market sales Shareholding Changes of Directors, Senior Management, and Core Technical Personnel | Name | Position | Shares Held at Period-beginning (Shares) | Shares Held at Period-end (Shares) | Change in Shares During Reporting Period (Shares) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Yang Yubao | Director, Deputy General Manager, CFO | 2,659,170 | 2,017,270 | -641,900 | Secondary market reduction | | Wang Keqiang | Director, Deputy General Manager, Core Technical Personnel | 781,332 | 731,332 | -50,000 | Secondary market reduction | Section VII Bond-Related Information [I. Corporate Bonds (Including Enterprise Bonds) and Non-Financial Enterprise Debt Financing Instruments](index=48&type=section&id=I.%20Corporate%20Bonds%20(Including%20Enterprise%20Bonds)%20and%20Non-Financial%20Enterprise%20Debt%20Financing%20Instruments) During the reporting period, the company had no corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments [II. Convertible Corporate Bonds](index=48&type=section&id=II.%20Convertible%20Corporate%20Bonds) During the reporting period, the company had no convertible corporate bonds Section VIII Financial Report [I. Audit Report](index=49&type=section&id=I.%20Audit%20Report) This semi-annual report is unaudited - This semi-annual report is unaudited[4](index=4&type=chunk) [II. Financial Statements](index=49&type=section&id=II.%20Financial%20Statements) This section provides the company's 2025 semi-annual consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity, comprehensively presenting the company's financial position, operating results, and cash flow [Consolidated Balance Sheet](index=49&type=section&id=Consolidated%20Balance%20Sheet) As of June 30, 2025, the company's consolidated total assets were **915.0823 million yuan**, a decrease of **6.61%** from the end of the previous year, with total liabilities at **98.4123 million yuan** and total owners' equity at **816.6699 million yuan** Key Consolidated Balance Sheet Data (June 30, 2025 vs. December 31, 2024) | Item | June 30, 2025 (Yuan) | December 31, 2024 (Yuan) | | :--- | :--- | :--- | | Cash and Bank Balances | 272,816,942.51 | 345,960,775.71 | | Trading Financial Assets | 210,689,712.70 | 191,544,106.18 | | Accounts Receivable | 160,700,648.08 | 201,485,399.38 | | Inventory | 42,621,301.84 | 20,833,951.72 | | Total Assets | 915,082,251.61 | 979,857,480.90 | | Employee Compensation Payable | 27,142,148.79 | 38,860,518.30 | | Taxes Payable | 3,640,924.48 | 12,499,163.99 | | Total Liabilities | 98,412,347.47 | 122,936,538.45 | | Total Owners' Equity Attributable to Parent Company | 816,669,904.14 | 856,920,942.45 | [Parent Company Balance Sheet](index=51&type=section&id=Parent%20Company%20Balance%20Sheet) As of June 30, 2025, the parent company's total assets were **986.1809 million yuan**, with total liabilities at **153.2894 million yuan** and total owners' equity at **832.8916 million yuan** Key Parent Company Balance Sheet Data (June 30, 2025 vs. December 31, 2024) | Item | June 30, 2025 (Yuan) | December 31, 2024 (Yuan) | | :--- | :--- | :--- | | Cash and Bank Balances | 266,860,878.64 | 337,425,629.71 | | Trading Financial Assets | 210,689,712.70 | 190,543,873.30 | | Accounts Receivable | 153,969,526.14 | 196,599,134.65 | | Inventory | 42,621,301.84 | 22,692,358.79 | | Total Assets | 986,180,922.63 | 1,094,811,566.19 | | Accounts Payable | 53,818,872.37 | 116,875,981.99 | | Employee Compensation Payable | 14,280,095.90 | 19,643,344.68 | | Total Liabilities | 153,289,355.11 | 221,722,603.34 | | Total Owners' Equity | 832,891,567.52 | 873,088,962.85 | [Consolidated Income Statement](index=53&type=section&id=Consolidated%20Income%20Statement) For January-June 2025, the company's consolidated total operating revenue was **99.1812 million yuan**, a year-on-year decrease of **24.84%**, with net profit at **-29.6321 million yuan**, significantly narrowing the loss compared to the same period last year Key Consolidated Income Statement Data (Jan-Jun 2025 vs. Jan-Jun 2024) | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 99,181,180.35 | 131,961,486.44 | | Total Operating Costs | 152,274,892.21 | 204,292,316.41 | | Operating Profit | -34,541,559.68 | -66,824,221.42 | | Total Profit | -34,752,671.58 | -66,866,966.22 | | Net Profit | -29,632,112.28 | -60,534,481.23 | | Net Profit Attributable to Parent Company Shareholders | -29,632,112.28 | -60,534,481.23 | | Basic Earnings Per Share (Yuan/Share) | -0.323 | -0.659 | | Diluted Earnings Per Share (Yuan/Share) | -0.323 | -0.659 | [Parent Company Income Statement](index=55&type=section&id=Parent%20Company%20Income%20Statement) For January-June 2025, the parent company's operating revenue was **93.7620 million yuan**, a year-on-year decrease, with net profit at **-29.5785 million yuan**, narrowing the loss compared to the same period last year Key Parent Company Income Statement Data (Jan-Jun 2025 vs. Jan-Jun 2024) | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Operating Revenue | 93,761,984.04 | 129,243,739.25 | | Operating Profit | -34,834,588.46 | -46,200,247.09 | | Total Profit | -35,005,700.36 | -46,220,487.73 | | Net Profit | -29,578,469.30 | -39,881,209.20 | [Consolidated Cash Flow Statement](index=56&type=section&id=Consolidated%20Cash%20Flow%20Statement) For January-June 2025, the company's net cash flow from operating activities was **-39.0447 million yuan**, a significant improvement from the same period last year, while net cash flow from investment activities was **-20.6576 million yuan** and from financing activities was **-15.3269 million yuan** Key Consolidated Cash Flow Statement Data (Jan-Jun 2025 vs. Jan-Jun 2024) | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -39,044,673.20 | -91,492,903.97 | | Net Cash Flow from Investment Activities | -20,657,571.37 | 20,364,696.18 | | Net Cash Flow from Financing Activities | -15,326,924.22 | -1,810,681.95 | | Net Increase in Cash and Cash Equivalents | -75,029,168.79 | -72,938,889.74 | | Cash and Cash Equivalents at Period-end | 113,909,605.31 | 157,214,309.29 | [Parent Company Cash Flow Statement](index=57&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) For January-June 2025, the parent company's net cash flow from operating activities was **-25.4983 million yuan**, a significant improvement from the same period last year, while net cash flow from investment activities was **-31.6633 million yuan** and from financing activities was **-15.2885 million yuan** Key Parent Company Cash Flow Statement Data (Jan-Jun 2025 vs. Jan-Jun 2024) | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -25,498,302.96 | -80,788,601.64 | | Net Cash Flow from Investment Activities | -31,663,271.36 | 10,309,520.53 | | Net Cash Flow from Financing Activities | -15,288,512.34 | -1,767,660.81 | | Net Increase in Cash and Cash Equivalents | -72,450,086.66 | -72,246,741.92 | | Cash and Cash Equivalents at Period-end | 108,003,541.44 | 154,734,431.05 | [Consolidated Statement of Changes in Owners' Equity](index=59&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Owners'%20Equity) For January-June 2025, the company's consolidated total owners' equity decreased by **40.2510 million yuan**, primarily influenced by net loss, profit distribution, and share cancellation, with paid-in capital, capital reserve, and undistributed profit all decreasing Consolidated Statement of Changes in Owners' Equity (H1 2025) | Item | Paid-in Capital (or Share Capital) | Capital Reserve | Less: Treasury Stock | Surplus Reserve | Undistributed Profit | Total Owners' Equity Attributable to Parent Company | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | II. Balance at Beginning of Year | 93,970,039.00 | 659,268,267.99 | 50,268,088.96 | 33,055,355.31 | 120,895,369.11 | 856,920,942.45 | | III. Changes During Current Period | -2,152,426.00 | -44,961,947.04 | -50,268,088.96 | 0 | -43,404,754.23 | -40,251,038.31 | | (I) Total Comprehensive Income | 0 | 0 | 0 | 0 | -29,632,112.28 | -29,632,112.28 | | (II) Owner Contributions and Reductions in Capital | 0 | 3,153,715.92 | 0 | 0 | 0 | 3,153,715.92 | | (III) Profit Distribution | 0 | 0 | 0 | 0 | -13,772,641.95 | -13,772,641.95 | | (IV) Internal Transfer of Owners' Equity | -2,152,426.00 | -48,115,662.96 | -50,268,088.96 | 0 | 0 | 0 | | IV. Balance at End of Current Period | 91,817,613.00 | 614,306,320.95 | 0 | 33,055,355.31 | 77,490,614.88 | 816,669,904.14 | [Parent Company Statement of Changes in Owners' Equity](index=61&type=section&id=Parent%20Company%20Statement%20of%20Changes%20in%20Owners'%20Equity) For January-June 2025, the parent company's total owners' equity decreased by **40.1974 million yuan**, primarily influenced by net loss, profit distribution, and share cancellation, with paid-in capital, capital reserve, and undistributed profit all decreasing Parent Company Statement of Changes in Owners' Equity (H1 2025) | Item | Paid-in Capital (or Share Capital) | Capital Reserve | Less: Treasury Stock | Surplus Reserve | Undistributed Profit | Total Owners' Equity | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | II. Balance at Beginning of Year | 93,970,039.00 | 659,268,267.99 | 50,268,088.96 | 33,055,355.31 | 137,063,389.51 | 873,088,962.85 | | III. Changes During Current Period | -2,152,426.00 | -44,961,947.04 | -50,268,088.96 | 0 | -43,351,111.25 | -40,197,395.33 | | (I) Total Comprehensive Income | 0 | 0 | 0 | 0 | -29,578,469.30 | -29,578,469.30 | | (II) Owner Contributions and Reductions in Capital | 0 | 3,153,715.92 | 0 | 0 | 0 | 3,153,715.92 | | (III) Profit Distribution | 0 | 0 | 0 | 0 | -13,772,641.95 | -13,772,641.95 | | (IV) Internal Transfer of Owners' Equity | -2,152,426.00 | -48,115,662.96 | -50,268,088.96 | 0 | 0 | 0 | | IV. Balance at End of Current Period | 91,817,613.00 | 614,306,320.95 | 0 | 33,055,355.31 | 93,712,278.26 | 832,891,567.52 | [III. Basic Company Information](index=65&type=section&id=III.%20Basic%20Company%20Information) Primeton Information Technology Co., Ltd. was listed on the Shanghai Stock Exchange in December 2019, operating in the software and information technology services industry, and is a leading domestic provider of software basic platform products and solutions - Primeton Information Technology Co., Ltd. was listed on the Shanghai Stock Exchange in December 2019, operating in the software and information technology services industry[151](index=151&type=chunk) - As of June 30, 2025, the company's total share capital was **91.817613 million yuan**[151](index=151&type=chunk) - The company is a leading domestic provider of software basic platform products and solutions, offering intelligent low-code platforms, data middle office, and middleware series products and solutions[151](index=151&type=chunk) [IV. Basis of Financial Statement Preparation](index=65&type=section&id=IV.%20Basis%20of%20Financial%20Statement%20Preparation) The company's financial statements are prepared on a going concern basis, and it has been assessed that the company's ability to continue as a going concern is good, with no significant doubts - The company's financial statements are prepared on a going concern basis[152](index=152&type=chunk) - After assessment, the company's ability to continue as a going concern is good within 12 months from the end of this reporting period, with no factors raising significant doubt about its going concern ability[153](index=153&type=chunk) [V. Significant Accounting Policies and Estimates](index=65&type=section&id=V.%20Significant%20Accounting%20Policies%20and%20Estimates) This section elaborates on the significant accounting policies and estimates followed in preparing the company's financial statements, covering various aspects from business combinations to leases - The company's financial statements comply with enterprise accounting standards, accurately and completely reflecting its financial position and operating results[155](index=155&type=chunk) - Financial assets are classified into three categories based on the business model for managing them and their contractual cash flow characteristics: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in current profit or loss[184](index=184&type=chunk) - Revenue recognition is based on whether performance obligations are satisfied over time or at a point in time, recognized according to the progress of performance or when the customer obtains control of the goods, respectively[254](index=254&type=chunk) - R&D expenditures are divided into research phase expenditures and development phase expenditures; research phase expenditures are recognized in current profit or loss, while development phase expenditures are recognized as intangible assets when conditions are met[238](index=238&type=chunk) - Government grants are classified as asset-related or income-related, either offsetting the carrying amount of the asset or recognized as deferred income, or directly recognized in current profit or loss[262](index=262&type=chunk)[263](index=263&type=chunk) - As a lessee, right-of-use assets and lease liabilities are recognized for leases, with simplified treatment for short-term leases and leases of low-value assets[272](index=272&type=chunk)[276](index=276&type=chunk) [VI. Taxation](index=90&type=section&id=VI.%20Taxation) The company's main taxes include value-added tax, urban maintenance and construction tax, enterprise income tax, education surcharge, and local education surcharge, with the company and its subsidiaries enjoying multiple tax incentives Main Tax Categories and Rates | Tax Category | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax | Taxable value-added amount; service income; rental income | 13%, 6%, 5%, 9% | | Urban Maintenance and Construction Tax | Value-added tax payable | 7%, 5% | | Enterprise Income Tax | Taxable income | 10%, 15%, 20%, 25% | | Education Surcharge | Value-added tax payable | 3% | | Local Education Surcharge | Value-added tax payable | 2% | - Primeton Information Technology Co., Ltd. enjoys a **15%** high-tech enterprise income tax preferential rate, and for 2024, actually enjoyed a **10%** preferential rate for national key software enterprises[290](index=290&type=chunk) - Subsidiary Beijing Primeton Smart Data Technology Co., Ltd. enjoys a **15%** high-tech enterprise income tax preferential rate[290](index=290&type=chunk) - Some subsidiaries are eligible for small and micro enterprise income tax preferential policies, where the portion of annual taxable incom

普元信息技术股份有限公司 关于 2025 年度"提质增效重回报"行动方案的 半年度评估报告 为切实践行"以投资者为本"的上市公司发展理念，积极响应上海证券交易 所关于开展科创板上市公司"提质增效重回报"专项行动的倡议，进一步提升公 司经营质量和盈利能力，更好地保障投资者尤其是中小投资者的合法权益，普元 信息技术股份有限公司（以下简称"公司"）于 2025 年 4 月 23 日发布了《2025 年度"提质增效重回报"行动方案》（以下简称"行动方案"）。2025 年上半 年，公司严格按照行动方案的部署，在提升公司经营质量、加强产品矩阵 AI 能 力升级、规范治理、投资者回报等方面积极推进各项工作，现将行动方案半年度 执行情况报告如下： 一、聚焦核心业务，持续提升经营质量 报告期内，公司积极把握数字化、智能化及国产化的市场契机，持续优化业 务布局，深度聚焦高质量业务，全方位提升公司运营效益与盈利水平。 1.深耕高质量业务领域 公司持续聚焦为客户提供优质产品、定制化解决方案和卓越服务，提升产品 生命周期价值。报告期内，公司实现营业收入 9,918.12 万元，其中软件基础平 台业务收入占比 84.68%；实现归属于母 ...

投资者可于2025年9月23日(星期二)至9月29日(星期一)16:00前登录上证路 演中心网站首页点击"提问预征集"栏目或通过公司邮箱info@primeton.com进 行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 证券代码：688118 证券简称：普元信息 公告编号：2025-030 普元信息技术股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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。 重要内容提示： （三）会议召开方式：上证路演中心网络互动 三、参加人员 董事长、总经理：刘亚东先生 董事、副总经理、财务总监：杨玉宝先生 副总经理：逯亚娟女士 独立董事：汤敏智女士 董事会秘书：张琴芳女士 （如有特殊情况，参会人员可能进行调整） 四、投资者参加方式 普元信息技术股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 日发 布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半 年度经营成果、财务状况，公司计划于 2025 年 9 月 30 日下午 13:0 ...

Core Viewpoint - The company reported a significant decline in revenue and a reduced net loss for the first half of 2025 compared to the same period last year [1] Financial Performance - The operating revenue for the first half of 2025 was 99.18 million yuan, representing a year-on-year decrease of 24.84% [1] - The net loss attributable to shareholders of the listed company was 29.63 million yuan, an improvement from the net loss of 60.53 million yuan in the same period last year [1]