Core Points - The stock of Zhiyuan Interconnect increased by 5.02% on September 12, reaching a price of 29.72 CNY per share, with a trading volume of 112 million CNY and a turnover rate of 3.34%, resulting in a total market capitalization of 3.424 billion CNY [1] Company Overview - Beijing Zhiyuan Interconnect Software Co., Ltd. was established on April 2, 2002, and went public on October 31, 2019. The company specializes in providing collaborative management software products, solutions, collaborative management platforms, and cloud services, integrating design, research and development, sales, and service of collaborative management products [1] - The revenue composition of the company is as follows: 84.68% from collaborative management software products, 15.15% from technical services, and 0.17% from market sponsorship services [1] Shareholder Information - Among the top ten circulating shareholders of Zhiyuan Interconnect, the Noan Fund's Noan Active Return Mixed A (001706) holds 1.9342 million shares, unchanged from the previous period, accounting for 1.68% of the circulating shares. The estimated floating profit today is approximately 2.7466 million CNY [2] - The Noan Active Return Mixed A fund was established on September 22, 2016, with a latest scale of 1.487 billion CNY. Year-to-date return is 4.34%, ranking 6898 out of 8174 in its category; the one-year return is 39.74%, ranking 4091 out of 7981; and the return since inception is 118.7% [2]

Core Viewpoint - Zhiyuan Interconnect experienced a 5.14% increase in stock price, reaching 28.64 CNY per share, with a total market capitalization of 3.3 billion CNY as of September 11 [1] Company Overview - Beijing Zhiyuan Interconnect Software Co., Ltd. was established on April 2, 2002, and went public on October 31, 2019 [1] - The company specializes in providing collaborative management software products, solutions, platforms, and cloud services, integrating design, development, sales, and service [1] - Revenue composition: 84.68% from collaborative management software products, 15.15% from technical services, and 0.17% from market sponsorship services [1] Fund Holdings - According to data, one fund under Jiao Yin Schroder holds a significant position in Zhiyuan Interconnect [2] - Jiao Yin Qi Heng Mixed A (016541) held 222,000 shares in the second quarter, unchanged from the previous period, accounting for 3.26% of the fund's net value, ranking as the fifth-largest holding [2] - The fund has generated a floating profit of approximately 310,700 CNY as of the report date [2] Fund Performance - Jiao Yin Qi Heng Mixed A (016541) was established on November 30, 2022, with a current scale of 1.03 billion CNY [2] - Year-to-date return is 24.36%, ranking 3027 out of 8175 in its category; the one-year return is 44.6%, ranking 3315 out of 7982; and since inception, the return is 13.08% [2] Fund Manager Profile - The fund manager of Jiao Yin Qi Heng Mixed A is Rui Chen, who has a tenure of 10 years and 120 days [3] - The total asset size managed by Rui Chen is 2.691 billion CNY, with the best fund return during his tenure being 189.45% and the worst being -19.9% [3]

Company Overview - Beijing Zhiyuan Interconnect Software Co., Ltd. was established on April 2, 2002, and went public on October 31, 2019. The company specializes in providing collaborative management software products, solutions, platforms, and cloud services, integrating design, development, sales, and service of collaborative management products [2]. - The revenue composition of the company includes 84.68% from collaborative management software products, 15.15% from technical services, and 0.17% from market sponsorship services [2]. - Zhiyuan Interconnect is classified under the SW industry as Computer-Software Development-General Software and is involved in several concept sectors including ERP, AI Agent, Smart Government, Blockchain, and Smart Agriculture [2]. Financial Performance - For the first half of 2025, Zhiyuan Interconnect reported revenue of 338 million yuan, a year-on-year decrease of 15.98%, and a net profit attributable to shareholders of -135 million yuan, a significant decline of 98.02% year-on-year [2]. - The company has distributed a total of 145 million yuan in dividends since its A-share listing, with cumulative distributions of 37.28 million yuan over the past three years [3]. Stock Performance - As of September 11, the stock price of Zhiyuan Interconnect increased by 2.02%, reaching 27.79 yuan per share, with a trading volume of 39.21 million yuan and a turnover rate of 1.24%, resulting in a total market capitalization of 3.202 billion yuan [1]. - Year-to-date, the stock has risen by 38.47%, with a 7.55% increase over the last five trading days, an 8.71% decrease over the last 20 days, and a 4.67% increase over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on March 6, where it recorded a net purchase of 34.54 million yuan [1]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 5.36% to 6,976, with an average of 16,516 circulating shares per person, a decrease of 5.09% [2]. - Notable shareholders include Noan Active Return Mixed A and Yifangda New Normal Mixed, with the latter being a new addition to the top ten circulating shareholders [3].

Market Overview - On September 10, the software development sector rose by 0.52% compared to the previous trading day, with Sitergy leading the gains [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Top Gainers in Software Development Sector - Sitergy (300608) closed at 13.29, up 6.58% with a trading volume of 258,500 shares and a transaction value of 338 million yuan [1] - Galun Electronics (688206) closed at 35.38, up 6.25% with a trading volume of 99,100 shares and a transaction value of 347 million yuan [1] - Digital Certification (300579) closed at 37.64, up 5.11% with a trading volume of 135,100 shares and a transaction value of 504 million yuan [1] - Other notable gainers include Silverjet (300085) up 4.70% and Zhiyuan Interconnection (688369) up 4.29% [1] Top Losers in Software Development Sector - Ambotong (688168) closed at 100.00, down 6.63% with a trading volume of 38,900 shares [2] - Shimu Information (002153) closed at 10.68, down 4.64% with a trading volume of 628,300 shares and a transaction value of 679 million yuan [2] - Xinan Century (688201) closed at 14.56, down 3.89% with a trading volume of 173,500 shares and a transaction value of 253 million yuan [2] Capital Flow Analysis - The software development sector saw a net inflow of 153 million yuan from institutional investors, while retail investors experienced a net outflow of 411 million yuan [2][3] - Notable net inflows from institutional investors include Sitergy (300608) with 47.68 million yuan and Digital Certification (300579) with 47.55 million yuan [3] - Conversely, significant net outflows from retail investors were observed in Sitergy (300608) with -44.60 million yuan and Digital Certification (300579) with -51.92 million yuan [3]

Core Viewpoint - The stock of Beijing Zhiyuan Interconnect Software Co., Ltd. has experienced a decline in recent trading sessions, with a year-to-date increase of 30.99% but a notable drop of 18.43% over the past 20 days [1][2]. Company Overview - Beijing Zhiyuan Interconnect Software Co., Ltd. was established on April 2, 2002, and went public on October 31, 2019. The company specializes in providing collaborative management software products, solutions, platforms, and cloud services [2]. - The revenue composition of the company includes 84.68% from collaborative management software products, 15.15% from technical services, and 0.17% from market sponsorship services [2]. - The company operates within the computer software development industry, specifically in horizontal general software, and is associated with various concept sectors such as ERP, AI Agent, small-cap stocks, smart governance, and smart agriculture [2]. Financial Performance - For the first half of 2025, the company reported a revenue of 338 million yuan, representing a year-on-year decrease of 15.98%. The net profit attributable to the parent company was -135 million yuan, a significant decline of 98.02% compared to the previous year [2]. - Since its A-share listing, the company has distributed a total of 145 million yuan in dividends, with 37.28 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 5.36% to 6,976, while the average circulating shares per person decreased by 5.09% to 16,516 shares [2]. - Notable shareholders include Noan Active Return Mixed A and Yifangda New Normal Mixed, with the latter being a new entrant among the top ten circulating shareholders [3].

Group 1 - The core viewpoint of the news highlights the recent stock performance and financial metrics of Zhiyuan Huilian, indicating a 33.78% increase in stock price year-to-date, but a decline of 20.09% over the past 20 days [1] - As of June 30, 2025, Zhiyuan Huilian reported a revenue of 338 million yuan, a year-on-year decrease of 15.98%, and a net profit attributable to shareholders of -135 million yuan, a significant decline of 98.02% [2] - The company has a market capitalization of 3.094 billion yuan and a trading volume of 62.27 million yuan, with a turnover rate of 2.03% [1] Group 2 - Zhiyuan Huilian's main business involves providing collaborative management software products, solutions, and cloud services, with 85.12% of revenue coming from collaborative management software products [2] - The company has cumulatively distributed dividends of 145 million yuan since its A-share listing, with 37.28 million yuan distributed over the past three years [3] - As of June 30, 2025, the number of shareholders increased by 5.36% to 6,976, while the average circulating shares per person decreased by 5.09% to 16,516 shares [2]

Company Overview - Zhiyuan Interconnect Software Co., Ltd. is located in Haidian District, Beijing, and was established on April 2, 2002. The company went public on October 31, 2019. Its main business involves providing collaborative management software products, solutions, platforms, and cloud services, integrating design, development, sales, and service of collaborative management products [1]. Financial Performance - As of the latest report, Zhiyuan Interconnect's stock price is 27.76 CNY per share, with a trading volume of 150 million CNY and a turnover rate of 4.61%. The total market capitalization is 3.198 billion CNY [1]. - The revenue composition of the company is as follows: 85.12% from collaborative management software products, with the A8 series contributing 71.93%. Technical services account for 14.60%, with the G6 series at 6.65%, A9 series at 2.42%, third-party products at 1.49%, A6 series at 1.47%, and other products at 1.15% [1]. Fund Holdings - According to data, Guolian Fund has one fund heavily invested in Zhiyuan Interconnect. The Guolian Growth Preferred Mixed A Fund (010008) held 60,200 shares in the second quarter, representing 4.62% of the fund's net value, ranking as the tenth largest holding. The estimated floating loss today is approximately 88,400 CNY [2]. - The Guolian Growth Preferred Mixed A Fund was established on November 18, 2020, with a latest scale of 20.53 million CNY. Year-to-date returns are 15.96%, ranking 4799 out of 8184 in its category, while the one-year return is 35.64%, ranking 4011 out of 7971 [2]. Fund Manager Performance - The fund managers of Guolian Growth Preferred Mixed A Fund are Wang Kehan and Du Chao. As of the latest report, Wang Kehan has been in position for 4 years and 176 days, managing assets totaling 34.3982 million CNY, with the best fund return during his tenure at 4.59% and the worst at -12.37% [3]. - Du Chao has been in position for 1 year and 319 days, managing assets of 2.074 billion CNY, with the best fund return during his tenure at 52% and the worst at -14.54% [3].

Group 1 - The company held its first extraordinary general meeting of shareholders on September 1, 2025, with no rejected proposals [2][3] - The meeting was conducted in accordance with the Company Law and the company's articles of association, combining on-site and online voting [3][4] - All directors and supervisors attended the meeting, ensuring a quorum was present [4] Group 2 - The following proposals were approved at the meeting: the 2025 Restricted Stock Incentive Plan, its management measures, and the authorization for the board to handle related matters [5][6][7] - The voting results indicated that proposals requiring special resolutions received over two-thirds approval, while ordinary resolutions received more than half [6][7] Group 3 - The company conducted a self-examination regarding insider trading related to the 2025 Restricted Stock Incentive Plan, confirming no insider trading occurred during the review period [9][10] - Three individuals were found to have trading records, but their actions were based on publicly available information, not insider information [10][11] Group 4 - The company announced the first grant of restricted stock on September 1, 2025, at a price of 22.06 yuan per share, granting a total of 2.64 million shares to 278 eligible participants [14][16][18] - The total number of shares granted represents approximately 2.2913% of the company's total share capital at the time of the plan's announcement [16][23] Group 5 - The company confirmed that the conditions for granting the restricted stock were met, with no disqualifying circumstances for either the company or the participants [19][21] - The board and supervisory committee verified the eligibility of the participants and the compliance of the granting process with relevant regulations [22][40] Group 6 - The company utilized the Black-Scholes model to calculate the fair value of the restricted stock, with parameters including a stock price of 29.23 yuan per share and a historical volatility of approximately 19.995% [30][31] - The estimated impact of the stock incentive plan on the company's financial performance will be assessed in accordance with accounting standards [31][32]

Core Viewpoint - Zhiyuan Huilian announced the approval of the proposal to grant restricted stock to incentive objects during the 17th meeting of the third supervisory board [2] Group 1 - The company held its 17th meeting of the third supervisory board on September 1 [2] - The meeting resulted in the approval of the proposal regarding the initial grant of restricted stock [2]

Group 1 - The core point of the article is that Zhiyuan Huilian announced the holding of its first extraordinary general meeting of shareholders in 2025 on September 1, 2025, to review and approve several proposals, including the authorization for the board of directors to handle matters related to the company's 2025 restricted stock incentive plan [2] Group 2 - The company is set to discuss the authorization of the board regarding the 2025 restricted stock incentive plan, indicating a strategic move to incentivize employees and align their interests with shareholders [2] - The announcement reflects the company's ongoing efforts to enhance its governance and incentivize performance through equity-based compensation [2] - The timing of the meeting and the proposals suggest a proactive approach by the company to engage shareholders and ensure alignment on future growth strategies [2]