（记者 曾健辉） 每经AI快讯，新点软件1月25日晚间发布公告称，朱斌先生因个人原因，申请辞去公司副总裁职务。辞 去上述职务后，朱斌先生将继续在公司任职。 每经头条（nbdtoutiao）——丹麦士兵荷枪实弹上岛，准备战斗！反击特朗普夺岛图谋，美最大债主3.6 万亿美元"金融核弹"可随时引爆，格陵兰风云骤起 ...

Group 1 - The company expects a net profit attributable to shareholders of the parent company to be between 26.4 million and 39.6 million yuan for the year 2025, representing a decrease of approximately 165 million to 178 million yuan compared to the same period last year, which is a year-on-year decline of 80.61% to 87.08% [1] - The decline in the smart government business is significant, primarily influenced by client budget constraints, leading to a slowdown in the overall progress from project initiation to acceptance [1] - To seize industry development opportunities and strengthen its core technological competitive advantage, the company continues to make strategic investments in high-end talent recruitment and technological innovation research and development [1]

（一）业绩预告期间 证券代码：688232 证券简称：新点软件 公告编号：2026-003 国泰新点软件股份有限公司 2025 年年度业绩预告的公告 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、准确性和完整性依法承担法律责任。 一、本期业绩预告情况 报告期内，智慧政务业务下滑较多，主要受客户预算的影响，部分项目从立 项到验收的整体进度有所放缓；公司为把握行业发展机遇，巩固核心技术竞争优 势，持续在高端人才引进、科技创新研发等领域保持战略性投入。同时公司通过 优化组织架构、削减非必要开支、提升资源利用效率等措施，加强对研发、管理 及销售费用的精细化管控，期间费用同比下降。持续加强回款管理，全年销售回 款约为 22 亿元，预计公司经营活动产生的现金流量净额为净流入，持续健康的 现金流表现，为未来的高质量发展奠定基础。 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 （1）经国泰新点软件股份有限公司（以下简称"公司"）财务部门初步测 算，预计 2025 年年度实现营业收入 182,000.00 万元，同比减少 15.2 ...

Group 1 - The core viewpoint of the news is that Xindian Software has experienced a decline in stock performance and financial metrics, indicating potential challenges in its business operations [1][2] - On January 22, Xindian Software's stock fell by 0.60%, with a trading volume of 199 million yuan, and a net financing purchase of 8.86 million yuan [1] - The company's financing balance reached 154 million yuan, accounting for 1.50% of its market capitalization, which is above the 70th percentile of the past year [1] Group 2 - As of September 30, Xindian Software reported a total revenue of 1.053 billion yuan for the first nine months of 2025, a year-on-year decrease of 16.32% [2] - The company recorded a net profit attributable to shareholders of -107 million yuan, reflecting a significant year-on-year decline of 667.73% [2] - The number of shareholders increased to 10,100, up by 16.37%, while the average circulating shares per person decreased by 14.07% to 32,673 shares [2]

Group 1 - The core viewpoint of the news is that New Point Software has seen a stock price increase of 5.06%, reaching 33.01 CNY per share, with a total market capitalization of 10.629 billion CNY [1] - New Point Software, established on October 6, 1998, is located in Zhangjiagang Economic Development Zone, Jiangsu Province, and was listed on November 17, 2021. The company's main business involves software and information technology services [1] - The revenue composition of New Point Software is as follows: Smart Procurement 51.04%, Smart Government 29.39%, Digital Construction 18.81%, and Rental Income 0.76% [1] Group 2 - From the perspective of fund holdings, one fund under GF Fund has a significant position in New Point Software. The GF CSI Cloud Computing and Big Data ETF (021397) held 400 shares in the third quarter, accounting for 0.01% of the fund's net value, ranking as the fourth-largest holding [2] - The GF CSI Cloud Computing and Big Data ETF (021397) was established on June 12, 2024, with a latest scale of 80.9413 million CNY. The fund has achieved a year-to-date return of 12.74%, ranking 514 out of 5542 in its category, and a one-year return of 72.29%, ranking 395 out of 4235 [2] - The fund manager of GF CSI Cloud Computing and Big Data ETF is Cao Shiyu, who has been in the position for 2 years and 40 days. The total asset size of the fund is 33.465 billion CNY, with the best return during his tenure being 136.91% and the worst being 10.16% [3]

Core Insights - Jiangsu Province Data Bureau has officially released the first batch of data enterprises for cultivation, with New Point Software recognized for its capabilities in data application and technology [1][5] - The recognition signifies the company's strong accumulation and comprehensive technical strength in the data field, receiving provincial-level authoritative acknowledgment [1][5] Company Overview - Company Name: Guotai New Point Software Co., Ltd [2] - Unified Social Credit Code: 91320582704068740Y [2] - Cultivation Type: Data Application, Data Technology [2] - Certificate Number: 2025E0601119 [2] - Validity Period: Until December 2029 [2] Industry Context - The cultivation of data enterprises is a significant initiative by the Jiangsu Data Bureau to implement the "Jiangsu Data Regulations" and promote the data industry ecosystem [5] - The evaluation criteria cover various aspects including technology research and development, application scenarios, compliance governance, and industry contribution [5] - Data is recognized as a new production factor and a core engine driving high-quality development of the digital economy [5] Company Strategy and Solutions - New Point Software has actively responded to national strategies such as "Artificial Intelligence+" and "Data Factor ×", leveraging its long-term accumulated data assets and continuous product development capabilities [5] - The company focuses on creating replicable and scalable products and services, including enterprise procurement supervision platforms, industry data governance platforms, public opinion insight platforms, and cost cloud solutions [5] - These solutions empower key areas such as enterprise procurement, public resource trading, government services, urban governance, and construction engineering [5] Future Outlook - As a key player in the data industry, New Point Software aims to deepen its data empowerment capabilities in the three major business areas of smart procurement, smart government, and digital construction [6] - The company seeks to explore new paths for realizing data value in collaboration with clients and partners, contributing practical experience and innovative results to the development of national and provincial data industries [6]

Group 1 - New Point Software experienced a decline of 5.1% on January 15, with a stock price of 31.42 yuan per share, a trading volume of 154 million yuan, a turnover rate of 1.49%, and a total market capitalization of 10.117 billion yuan [1] - The company, founded on October 6, 1998, and listed on November 17, 2021, is located in Zhangjiagang Economic Development Zone, Jiangsu Province, and specializes in software and information technology services [1] - The revenue composition of New Point Software includes Smart Procurement at 51.04%, Smart Government at 29.39%, Digital Construction at 18.81%, and Rental Income at 0.76% [1] Group 2 - Huafu Fund has a significant holding in New Point Software, with the Huafu Artificial Intelligence ETF Linked A (008020) holding 2,000 shares, representing 0.0006% of the circulating shares, ranking as the ninth largest holding [2] - The Huafu Artificial Intelligence ETF Linked A (008020) was established on April 23, 2020, with a current scale of 1.168 billion yuan, and has achieved a year-to-date return of 14.01%, ranking 362 out of 5,525 in its category [2] - The fund has a one-year return of 98.64%, ranking 104 out of 4,208, and a since inception return of 65.35% [2] - The fund managers include Zhang Ya, with 19 years and 65 days of experience, Li Xiaohua, with 4 years and 255 days, and Gao Zhe, with 7 years and 329 days, managing total assets of 14.586 billion yuan, 11.084 billion yuan, and 9.965 billion yuan respectively [2]

Summary of New Point Software Conference Call Company Overview - New Point Software focuses on enhancing procurement efficiency and fairness through AI products, serving over 400 government platforms with an annual bid volume exceeding 1 million, indicating significant growth potential [2][3] Core Insights and Arguments - **AI Product Revenue**: In the first half of 2025, AI products generated revenue of 90 million yuan, contributing to an increase in gross margin for the main business [2][4] - **Subscription Model Adoption**: To alleviate fiscal pressure from tight government budgets, New Point Software is promoting a subscription model, planning to increase the proportion of subscription projects from 10% in 2026 to 30%-40% in 2027 [2][6][7] - **Government Feedback**: Government clients have provided positive feedback on AI applications, although some regions, like Shanghai, remain cautious. Demand for reliable and efficient digital solutions is increasing as successful case studies emerge [2][8] - **Knowledge Base System**: The company has developed a trusted knowledge base system that combines manual and AI methods to ensure over 95% accuracy, effectively addressing complex scenarios and improving service quality [2][9] Industry Dynamics - **Market Size and Demand**: The AI tools market in the procurement sector is substantial, with approximately 1.5 million bids annually and a projected market space reaching hundreds of billions [3][15][16] - **AI Governance in Public Sector**: AI is expected to play a crucial role in public sector governance over the next 20 years, with a focus on data governance and the integration of AI with existing systems [10][11] - **Competitive Landscape**: New Point Software has established a significant platform in the procurement sector with no clear competitors, leveraging its existing layout and policy benefits [18] Additional Important Insights - **Future Growth Plans**: The company aims for a doubling growth rate for new tools and over 50% growth for existing tools in 2026, with a total order amount nearing 300 million yuan in 2025 [17] - **AI Tool Profitability**: AI tools have a gross margin of approximately 90%, while project margins are around 60%-70%. The overall revenue and gross margin are expected to improve due to the higher margins of new products compared to traditional projects [22] - **Traditional Project Outlook**: The fourth quarter of 2025 is expected to be under pressure due to previous orders, but a recovery growth phase is anticipated in 2026 [23]

Group 1 - The internet sector experienced a strong rally, with companies like Guangyun Technology, Worth Buying, and Kaichun Co., Ltd. hitting the daily limit up [1] - Other stocks such as Yanshan Technology, New Point Software, and Data Port also saw significant increases [1]

Group 1 - The stock of Xindian Software (688232) closed at 32.09 yuan on January 12, reaching the daily limit with a trading volume of 6.74 billion yuan and a turnover rate of 6.83% [2] - The stock was listed on the daily trading list due to a price increase of 15% at the close [2] - The top five trading departments accounted for a total transaction of 3.84 billion yuan, with a net selling of 468.95 thousand yuan [2] Group 2 - Among the top five buying departments, one institutional seat was present, purchasing 66.68 million yuan, while the Shanghai-Hong Kong Stock Connect was the third largest buyer with 36.02 million yuan [2] - In the selling departments, two institutional seats were present, with selling amounts of 65.09 million yuan and 42.54 million yuan respectively, and the Shanghai-Hong Kong Stock Connect was the fourth largest seller with 26.60 million yuan [2] - The net selling by institutional seats amounted to 40.95 million yuan, while the Shanghai-Hong Kong Stock Connect had a net buying of 9.42 million yuan [2][3] Group 3 - The overall net inflow of main funds for the stock was 670.56 thousand yuan on that day [3] - The detailed buying and selling amounts for the top trading departments were provided, showing significant activity from institutional investors [3]