国浩律师（上海）事务所 國浩律師(上海)事務所 GRANDALL LAW FIRM(SHANGHAI) 二〇二五年五月 国浩律师(上海)事务所 法律意见书 国浩律师（上海）事务所 国泰新点软件股份有限公司 差异化分红事项 之 法律意见书 关于国泰新点软件股份有限公司 差异化分红事项之 法律意见书 致:国泰新点软件股份有限公司 国浩律师(上海)事务所(以下简称"本所")接受国泰新点软件股份有限公 司(以下简称"公司")委托,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》"）《上市公司 股份回购规则(2025 修订)》（以下简称"《回购规则》"）《上海证券交易 所上市公司自律监管指引第 7 号——回购股份（2025 年 3 月修订）》（以下简 称"《回购指引》")等法律、法规及其他规范性文件以及《国泰新点软件股份 有限公司章程》(以下简称"《公司章程》")的规定,就公司 2024年年度利 润分配所涉及的差异化分红特殊除权除息(以下简称"本次差异化分红")相关 事项出具本法律意见书。 为出具本法律意见书,本所律师审查了公司提供的相关文件。本所在进行法 律审查时 ...

证券代码：688232 证券简称：新点软件 公告编号：2025-025 国泰新点软件股份有限公司2024年年度权益分派实施公告 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： 每股现金红利0.36元 相关日期 | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/6/9 | 2025/6/10 | 2025/6/10 | 一、通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 15 日的2024年年度股东大会审议通过。 二、分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东 （公司回购专用证券账户除外）。 是否涉及差异化分红送转：是 每股分配比例 1. 发放年度：2024年年度 2. 分派对象： 使公司总股本发生变动的，公司拟维持每股分配比例不变，相应调整分配总额。 截至本公告披露日，公司总股本为 330,000,000 股，扣 ...

Investment Rating - The report maintains a "Recommendation" rating for the company with a target price of 36.14 CNY [1][7]. Core Insights - The company reported a revenue of 2.15 billion CNY for 2024, a year-on-year decrease of 12.1%, while the net profit attributable to shareholders was 204 million CNY, an increase of 4.9% year-on-year. The non-recurring net profit was 111 million CNY, showing a significant increase of 44.0% year-on-year [1][3]. - For Q1 2025, the company achieved a revenue of 280 million CNY, down 5.9% year-on-year, with a net loss of 40 million CNY, indicating a reduction in losses compared to the previous year [1][3]. - The company is focusing on three core areas: digital transformation in government services, procurement, and construction, while accelerating its transition to a SaaS model [7][8]. Financial Performance Summary - The total revenue for 2024 was 2,146 million CNY, with a projected growth of 9.7% in 2025, reaching 2,354 million CNY. The net profit is expected to grow significantly by 29.6% in 2025, reaching 265 million CNY [3][8]. - The company’s gross margin for 2024 was 61.2%, with a slight decrease of 0.2 percentage points year-on-year, while the net profit margin improved to 9.5%, an increase of 1.5 percentage points year-on-year [7][8]. - The company’s operating cash flow for 2024 was 264 million CNY, with a projected increase in cash flow for 2025 [8]. Strategic Focus - The company is enhancing its SaaS operations, with its smart procurement business generating 950 million CNY in revenue for 2024, accounting for 18.1% of total revenue, an increase of 3.2 percentage points year-on-year [7][8]. - In the smart government sector, the company served over 8,900 projects and more than 4,900 clients by the end of 2024, with significant growth in new projects and clients [7][8]. - The company is embracing AI technologies, launching the first national government service model in February 2025, which integrates natural language processing and knowledge graphs to improve service efficiency [7][8].

Investment Rating - The report maintains a "Recommendation" rating for the company with a target price of 36.14 CNY [1][7]. Core Views - The company has shown improvement in operational quality and is continuously advancing its SaaS operational model. The 2024 revenue was 2.15 billion CNY, down 12.1% year-on-year, while the net profit attributable to shareholders was 200 million CNY, up 4.9% year-on-year. The first quarter of 2025 saw a revenue of 280 million CNY, down 5.9% year-on-year, with a net profit of -40 million CNY, indicating a reduction in losses [1][3][7]. Financial Summary - **2024 Financial Performance**: Total revenue was 2,146 million CNY, with a year-on-year decline of 12.1%. The net profit attributable to shareholders was 204 million CNY, reflecting a growth of 4.9%. The net profit margin was 9.5%, an increase of 1.5 percentage points [3][4]. - **2025 Financial Projections**: Expected total revenue for 2025 is 2,354 million CNY, with a projected growth rate of 9.7%. The net profit is anticipated to reach 265 million CNY, corresponding to a growth rate of 29.6% [3][4]. - **Earnings Per Share (EPS)**: The EPS for 2024 is projected at 0.62 CNY, increasing to 0.80 CNY in 2025 and further to 0.93 CNY in 2026 [3][4]. Business Focus - The company is focusing on three core areas: digital transformation in government, procurement, and construction industries, while accelerating its transition to a SaaS model. In 2024, the smart procurement business generated 950 million CNY in revenue, with a significant contribution from the procurement operation business [7][8]. - The company has launched the first national government service large model, enhancing service efficiency and accuracy in response to public inquiries [7][8]. Market Position - The company has a total market capitalization of 10.065 billion CNY and a circulating market value of the same amount. The asset-liability ratio stands at 14.47%, indicating a strong financial position [4][8].

国浩律师（上海）事务所 关于 国泰新点软件股份有限公司 2024 年年度股东大会 之 法律意见书 二〇二五年五月 国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于国泰新点软件股份有限公司 2024 年年度股东大会之 法律意见书 致：国泰新点软件股份有限公司 国浩律师（上海）事务所（以下简称"本所"）接受国泰新点软件股份有限公 司（以下简称"公司"）委托，指派李鹏律师、张强律师（以下简称"本所律师"） 出席公司 2024 年年度股东大会（以下简称"本次股东大会"）。本所律师根据《中 华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共和国公司法》 （以下简称"《公司法》"）、《上市公司股东会规则》（以下简称"《股东会规 则》"）等法律、法规、部门规章和规范性文件以及《国泰新点软件股份有限公 司章程》（以下简称"《公司章程》"）的规定，就公司股东大会的召集与召开、 出席会议人员资格、召集人资格、会议表决程序和表决结果的合法性等有关法律 问题出具《国浩律师（上海）事务所关于国泰新点软件股份有限公司 2024 年年 度股东大会之法律意见书》（以下简称"本法律意见书"）。 为出具本法律意见书，本 ...

证券代码：688232 证券简称：新点软件 公告编号：2025-024 国泰新点软件股份有限公司 2024年年度股东大会决议公告 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 （五）公司董事、监事和董事会秘书的出席情况 1、公司在任董事7人，出席7人，其中黄素龙、陈立平、顾莉莉以通讯方式 出席； 2、公司在任监事3人，出席3人； 3、董事会秘书戴静蕾出席了本次会议；其他高级管理人员列席了本次会议， 其中黄素龙、朱斌、何永龙、吴旭东以通讯方式列席，袁勋因公出差未列席。 二、 议案审议情况 （一） 非累积投票议案 | 1、出席会议的股东和代理人人数 | 155 | | --- | --- | | 普通股股东人数 | 155 | | 2、出席会议的股东所持有的表决权数量 | 265,199,872 | | 普通股股东所持有表决权数量 | 265,199,872 | | 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 | 82.3648 | | 例（% ...

Core Viewpoint - The announcement details the upcoming listing and circulation of 156,519,248 restricted shares of Guotai Xindian Software Co., Ltd., which will be available for trading starting May 19, 2025, following an extended lock-up period due to specific commitments made by shareholders [1][2][5]. Summary by Sections Listing Details - The total number of shares to be listed is 156,519,248, representing 47.43% of the company's total share capital [2][12]. - The original lock-up period was 36 months from the date of the company's initial public offering, which has been extended by 6 months due to the fulfillment of certain conditions, making the new lock-up expiration date May 16, 2025 [2][5]. Shareholder Commitments - Shareholders, including Jiangsu Guotai International Trade Co., Ltd., have committed not to transfer or delegate management of their shares for 36 months post-listing, with an automatic extension of 6 months if certain conditions are met [3][4]. - Specific commitments include that any share reduction must not occur below the original issuance price, and if the market price falls below this, the difference will be deducted from future dividends [3][8]. Changes in Share Capital - Since the formation of the restricted shares, there have been no changes in the company's share capital due to profit distribution or capital reserve transfers [2][12]. - The company has maintained compliance with relevant laws and regulations regarding the issuance and circulation of shares [12][14]. Verification by Intermediaries - The underwriting institution, Guotai Haitong Securities Co., Ltd., has confirmed that the shareholders have adhered to their commitments regarding the restricted shares, and the listing and circulation of these shares comply with applicable laws and regulations [12][14]. Additional Information - The listing date for the restricted shares is set for May 19, 2025, as May 17 is a non-trading day [2][13]. - A detailed list of shareholders holding restricted shares and their respective amounts is provided, confirming that all shares will be released from restriction on the specified date [13][14].

证券代码：688232 证券简称：新点软件 公告编号：2025-023 国泰新点软件股份有限公司 首次公开发行部分限售股上市流通公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为首发限售股份；股票认购方式为网下，上市股数为 156,519,248股。 本次股票上市流通总数为156,519,248股。 本次股票上市流通日期为2025 年 5 月 19 日（因 2025 年 5 月 17 日为非交 易日，故顺延至下一交易日）。 一、本次上市流通的限售股类型 经中国证券监督管理委员会于 2021 年 9 月 22 日出具的《关于同意国泰新点 软件股份有限公司首次公开发行股票注册的批复》（证监许可[2021]3092 号）同 意，公司首次向社会公众公开发行人民币普通股（A 股）股票 8,250 万股，并于 2021 年 11 月 17 日在上海证券交易所科创板上市。首次公开发行 A 股后公司总股 本为 33,000 万股，其中有限售条件流通股 26,284.9310 万股，占本公司发行后总 股 ...

一、本次上市流通的限售股类型 经中国证券监督管理委员会于 2021 年 9 月 22 日出具的《关于同意国泰新点 软件股份有限公司首次公开发行股票注册的批复》（证监许可[2021]3092 号）同 意，公司首次向社会公众公开发行人民币普通股（A 股）股票 8,250 万股，并于 2021 年 11 月 17 日在上海证券交易所科创板上市。首次公开发行 A 股后公司总 股本为 33,000 万股，其中有限售条件流通股 26,284.9310 万股，占本公司发行后 总股本的 79.65%，无限售条件流通股 6,715.0690 万股，占本公司发行后总股本 的 20.35%。 本次上市流通的限售股为公司首次公开发行部分限售股，对应限售股股东数 量 6 名，对应限售股数量为 156,519,248 股，占公司股本总数的 47.43%。上述股 份原锁定期为自公司股票上市之日起 36 个月，因触发延长股份锁定期的承诺履 行条件，锁定期延长 6 个月至 2025 年 5 月 16 日。现锁定期即将届满，该部分限 售股将于 2025 年 5 月 19 日起上市流通。 1 国泰海通证券股份有限公司 关于国泰新点软件股份有限公司 ...

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook based on its potential benefits from future fiscal policy initiatives [4][6]. Core Insights - The company reported a revenue of 277 million yuan in Q1 2025, a year-on-year decline of 5.94%, but the net loss decreased to 40 million yuan from 53 million yuan in the same period last year, showing improved profitability [1]. - The company has launched three significant AI products, including a government service model and an intelligent seat product, which have demonstrated substantial efficiency improvements in public service operations [2][3]. - The political bureau meeting emphasized the importance of AI development, suggesting that the government IT sector may experience a turning point due to increased focus on AI innovation [3]. Financial Performance Summary - The company is projected to achieve net profits of 278 million, 341 million, and 412 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding PE ratios of 39, 32, and 26 [4][5]. - Revenue is expected to grow from 2.35 billion yuan in 2025 to 3.46 billion yuan in 2027, reflecting a compound annual growth rate of approximately 22.5% [5][10]. - The company has maintained effective cost control, with sales, management, and R&D expenses decreasing by 23%, 3%, and 12% year-on-year in Q1 2025 [1].