Core Viewpoint - New Point Software (688232.SH) is currently experiencing a decline in stock price, with a closing price of 29.13 yuan and a drop of 3.70%, resulting in a total market capitalization of 9.613 billion yuan [1] Group 1: Company Overview - New Point Software was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on November 17, 2021, with an initial public offering (IPO) of 82.5 million shares at a price of 48.49 yuan per share [1] - The total amount raised from the IPO was 4 billion yuan, with a net amount of 3.827 billion yuan, exceeding the original fundraising target by 927 million yuan [1] Group 2: Fund Utilization - The funds from the IPO were originally intended for various projects, including "underlying technology research," "smart procurement software platform upgrades," "smart government software platform upgrades," "digital construction software platform upgrades," "intelligent hardware upgrades," "headquarters and regional operation center construction," and "supplementing working capital" [1] Group 3: Underwriting and Investment - The underwriting institution for the IPO was Guotai Junan Securities, now renamed Guotai Haitong Securities Co., Ltd., with representatives Xia Jingbo and Li Ning [1] - The total issuance costs amounted to 173 million yuan, with underwriting and sponsorship fees accounting for 145 million yuan [1] - Guotai Junan's alternative investment subsidiary, Guotai Junan Ziyu Investment Co., Ltd., acquired 2.0623 million shares, representing 2.50% of the total issuance, with a lock-up period of 24 months [1]

证券代码：688232 证券简称：新点软件 国泰新点软件股份有限公司 2025年第二次临时股东大会 会 议 资 料 2025 年 8 月 国泰新点软件股份有限公司 2025 年第二次临时股东大会会议资料 目 录 | 2025 | 年第二次临时股东大会会议须知 2 | | --- | --- | | 2025 | 年第二次临时股东大会会议议程 4 | | | 议案一：关于取消监事会、修订《公司章程》的议案 6 | | | 议案二：关于修订公司部分治理制度的议案 7 | 1 国泰新点软件股份有限公司 2025 年第二次临时股东大会会议资料 国泰新点软件股份有限公司 2025 年第二次临时股东大会会议须知 为维护国泰新点软件股份有限公司（以下简称"公司"）全体股东的合法 权益，确保股东大会的正常秩序和议事效率，保证大会的顺利进行，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》"）、《上市公司股东会规则》以及《国泰新点 软件股份有限公司章程》（以下简称"《公司章程》"）、《国泰新点软件股 份有限公司股东大会议事规则》等相关规定，制定本须知： 一、各股东请按照 ...

7 月 30 日，新点软件（688232）发布 2025 年半年度业绩预告。预告显示，新点软件预计上半年实现营业收入 6.7 亿元， 与去年同期相比下降 14.52%；归母净利润处于亏损状态，亏损区间为 4946.46 万元至 7419.68 万元，而上年同期亏损 2366.54 万元，亏损幅度有所扩大。 业绩下滑主要源于智慧政务业务收入下降30.94%，受客户预算收紧和项目周期延长影响。智慧招采业务和数字建筑业务也 分别下降3.75%和8.01%。 ...

Group 1 - The MLOps concept index rose by 1.50%, ranking 10th among concept sectors, with 14 stocks increasing in value [1] - Leading gainers in the MLOps sector included New Point Software, Transsion Holdings, and Star Ring Technology, with increases of 4.61%, 3.76%, and 3.21% respectively [1] - The sector experienced a net outflow of 125 million yuan in main funds, with Transsion Holdings receiving the highest net inflow of 66.14 million yuan [2][3] Group 2 - The top stocks by net inflow ratio included Keda Guochuang, Dongfang Guoxin, and New Point Software, with net inflow ratios of 6.81%, 6.59%, and 5.87% respectively [3] - The MLOps concept saw a total of 10 stocks with net inflows, while stocks like Aobi Zhongguang and Guanghuan Xinwang faced significant declines of 2.02% and 1.72% respectively [2][4] - The overall market showed mixed performance, with various sectors experiencing both gains and losses, highlighting the volatility in the current investment landscape [2]

Group 1 - A total of 168 stocks in the Shanghai and Shenzhen markets have experienced net financing inflows for five consecutive days or more as of July 30 [1] - The stock with the longest consecutive net inflow days is Chunzhong Technology, which has seen net inflows for 16 trading days [1] - Other notable stocks with significant consecutive net inflow days include Longqi Technology, Daon Shares, Chengdi Xiangjiang, Huicheng Environmental Protection, Gaocai Shares, Juhe Materials, Wancheng Group, Huaxi Biological, and Xindian Software, with 14, 13, 13, 13, 11, 10, 10, 10, and 10 trading days of net inflows respectively [1]

Group 1 - The company, New Point Software, has released a voluntary disclosure of its performance forecast for the first half of 2025, expecting a revenue of 670.28 million yuan, a decrease of 14.52% year-on-year [1] - The net profit attributable to the parent company is projected to be between -74.20 million yuan and -49.46 million yuan, indicating an increase in losses by 25.80 million yuan to 50.53 million yuan compared to the same period last year, with a year-on-year increase in loss margin of 109.02% to 213.52% [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be between -122.10 million yuan and -81.40 million yuan, reflecting an increase in losses by 7.10 million yuan to 47.80 million yuan compared to the previous year, with a year-on-year increase in loss margin of 9.55% to 64.33% [1] Group 2 - New Point Software was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on November 17, 2021, with an initial public offering of 82.50 million shares at a price of 48.49 yuan per share, currently in a state of decline [2] - The total amount raised from the initial public offering was 4.00 billion yuan, with a net amount of 3.83 billion yuan, exceeding the original fundraising target by 0.93 billion yuan [2] - The funds were intended for various projects including underlying technology research, software platform upgrades, and construction of research and operation centers, among others [2]

Core Viewpoint - The company, New Point Software (688232.SH), anticipates a significant increase in net losses for the first half of 2025 compared to the same period last year, indicating ongoing financial challenges despite efforts to improve operational efficiency [1]. Financial Performance - The expected net loss for the first half of 2025 is projected to be between 49.4646 million yuan and 74.1968 million yuan [1]. - This represents an increase in losses of 25.7992 million yuan to 50.5314 million yuan compared to the previous year [1]. - The year-on-year loss increase is estimated to be between 109.02% and 213.52% [1]. Operational Efficiency - The company has been focusing on cost reduction and efficiency improvement through refined management practices [1]. - Despite a decrease in period expenses compared to the previous year, the impact of declining operating revenue and gross profit is expected to lead to a drop in net profit and net profit excluding non-recurring items [1].

[Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company forecasts a significant H1 2025 performance decline, with revenue down 14.52% and net loss attributable to shareholders widening to CNY 49.46-74.20 million - The performance forecast covers the period from January 1, 2025, to June 30, 2025[2](index=2&type=chunk) Key Performance Indicators for H1 2025 Performance Forecast | Indicator | Estimated Amount/Range (Million CNY) | Year-over-Year Change | | :--- | :--- | :--- | | **Operating Revenue** | 670.28 | -14.52% | | **Net Profit Attributable to Parent** | -74.20 to -49.46 | Loss increased by 109.02% to 213.52% | | **Net Profit Attributable to Parent (Excluding Non-recurring Items)** | -122.10 to -81.40 | Loss increased by 9.55% to 64.33% | - The data in this performance forecast has not been audited by a certified public accountant[2](index=2&type=chunk) [Prior Period Performance Review](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E4%B8%9A%E7%BB%A9%E6%83%85%E5%86%B5) For the first half of 2024, the company reported operating revenue of CNY 784.18 million and a net loss attributable to parent of CNY 23.67 million H1 2024 Performance Review | Indicator | Amount (Million CNY) | | :--- | :--- | | **Operating Revenue** | 784.18 | | **Total Profit** | -23.83 | | **Net Profit Attributable to Parent** | -23.67 | | **Net Profit Attributable to Parent (Excluding Non-recurring Items)** | -74.31 | | **Earnings Per Share** | -0.07 CNY/share | [Key Reasons for Performance Change in Current Period](index=1&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8C%96%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) Performance decline is primarily due to significant revenue drops across segments, leading to an expanded net loss despite cost control and stable gross margins [Analysis of Revenue Decline](index=1&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E6%94%B6%E5%85%A5%E4%B8%8B%E9%99%8D%E7%9A%84%E5%8E%9F%E5%9B%A0) All three core business segments experienced revenue declines, with smart government services most severely impacted, while new AI model businesses are being developed for long-term growth Year-over-Year Revenue Changes by Business Segment | Business Segment | Year-over-Year Change | Primary Reason | | :--- | :--- | :--- | | **Smart Procurement** | -3.75% | Transitioning to operation-based fee model | | **Smart Government Services** | -30.94% | Tightened client budgets, extended project implementation cycles | | **Digital Construction** | -8.01% | Not explicitly stated | - The company remains focused on its three core businesses: smart procurement, smart government services, and digital construction, believing they have positive long-term development prospects[5](index=5&type=chunk) - In new business areas, the company launched a series of large AI model products and established benchmark cases in H1, with accelerated promotion planned for H2[5](index=5&type=chunk) [Analysis of Profit Change](index=2&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E5%88%A9%E6%B6%B5%E5%8F%98%E5%8A%A8%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) Despite optimized operational quality and stable gross margins, declining revenue and gross profit led to an expanded net loss, though operating cash flow improved year-over-year - Net profit and non-recurring net profit are expected to decline year-over-year due to decreased operating revenue and gross profit[5](index=5&type=chunk) - Operational quality continues to optimize: comprehensive gross margin maintained at approximately **60%**, H1 collections reached **CNY 902 million**, and net cash flow from operating activities improved compared to the prior year[5](index=5&type=chunk) - H2 Outlook: The company will increase investment in AI product R&D and innovation, accelerate the implementation of large models and data element businesses, and increase the proportion of operation-based revenue[6](index=6&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) This performance forecast is a preliminary, unaudited estimate by the finance department, so final results may differ, with no major uncertainties currently identified - This performance forecast is a preliminary calculation by the company's finance department and has not been audited by a certified public accountant, thus subject to uncertainty[7](index=7&type=chunk) [Other Explanatory Matters](index=2&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E%E4%BA%8B%E9%A1%B9) The disclosed forecast data is preliminary; investors should refer to the official 2025 semi-annual report for final accurate financial data and exercise caution regarding investment risks - Specific and accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report; investors are advised to pay attention to investment risks[8](index=8&type=chunk)

Group 1 - The company announced the cancellation of its supervisory board and the revision of its articles of association and governance systems to comply with regulatory requirements and improve corporate governance [1][2] - The supervisory board's functions will be transferred to the audit committee of the board of directors, and relevant rules will be amended accordingly [2][3] - The company will continue to fulfill its supervisory responsibilities until the shareholders' meeting approves the cancellation of the supervisory board [2] Group 2 - The articles of association will be revised to enhance the company's operational standards, aligning with the new Company Law and other relevant regulations [2][3] - Specific amendments include changes to the legal representative's responsibilities and the rights of shareholders, ensuring compliance with the latest legal frameworks [5][6] - The revised articles will establish a legal framework for the rights and obligations of the company, shareholders, and management, providing clarity on governance [8][9]

Core Viewpoint - The document outlines the management measures for related party transactions of Guotai Xindian Software Co., Ltd, aiming to ensure the legality, fairness, and reasonableness of such transactions, while protecting the rights of the company and minority shareholders [1] Group 1: General Principles - The internal control of related party transactions should adhere to principles of honesty, equality, voluntariness, fairness, openness, and impartiality, without harming the interests of the company and non-related shareholders [1] - The company must disclose related parties and transactions in accordance with relevant accounting standards and regulations [1] Group 2: Definition of Related Parties and Transactions - Related parties include individuals or entities that control the company, hold more than 5% of shares, or are closely related to such individuals [2] - Related transactions encompass various activities such as asset purchases or sales, investments, project transfers, and financial assistance [3][4] Group 3: Approval Procedures for Related Transactions - Transactions exceeding certain thresholds must be approved by independent directors and the board, with specific monetary limits set for different types of transactions [7][8] - Related transactions that exceed 1% of the company's total assets or market value must be submitted for shareholder approval, accompanied by evaluation or audit reports [8] Group 4: Disclosure and Reporting - The company is required to disclose related transactions in annual and semi-annual reports, and any agreements lasting over three years must undergo re-evaluation every three years [12] - Independent directors must approve related transactions, and they may seek independent financial advice for their judgments [13] Group 5: Pricing of Related Transactions - Related transactions must be documented with written agreements that specify pricing policies, ensuring that prices are fair and based on market standards or reasonable costs [18][19] - Various pricing methods are outlined, including cost-plus, resale price, and comparable uncontrolled price methods [20][21]