Core Insights - The conference "2025 Collaborative Management Forum and the 15th User Conference" held by Zhiyuan Huilian focused on the theme "AI-COP Enables Intelligent Evolution of Organizations," attracting over 1,500 representatives from state-owned enterprises, leading private companies, and ecosystem partners [1] - The event showcased Zhiyuan Huilian's strategic upgrades in the AI field, emphasizing the importance of "human-machine collaborative evolution" to overcome current limitations in causal reasoning and generalization capabilities of large models [3][6] AI-COP Strategy and CoMi 2.0 Platform - Zhiyuan Huilian's chairman Xu Shi explained the AI-COP strategy, stating that the AI era will drive improvements in organizational efficiency and operational model transformation [6] - The company announced its strategic upgrade to become a "Collaborative Operation AI Enterprise" and launched the new generation "CoMi Agent Platform 2.0," which features five key characteristics: unified entry for intelligent workstations, multimodal data processing capabilities, multi-agent collaborative mechanisms, data-driven decision support, and deep integration of digital employees [6] Platform Features and Ecosystem Development - The platform enhances management decision-making efficiency through the combination of natural language Q&A and BI analysis, while building a secure knowledge base from comprehensive business data for precise knowledge reuse [8] - Zhiyuan Huilian, in collaboration with partners like Huawei Cloud and Beijing Jiaotong University, released the white paper "AI-COP Intelligent Collaborative Operation Platform," outlining the path for organizational management transformation driven by AI [8] - The company initiated the "Collaborative AI Ecosystem" with partners such as Huawei Harmony, Alibaba Cloud, and Kingsoft Office, launching solutions like "AI Collaborative Computing Power" with Huawei Cloud and integrating intelligent decision-making capabilities with Fourth Paradigm [8] Industry Practices and Exchange Platform - The conference also hosted the finals of the 15th Collaborative Application Competition, with six units including China South-to-North Water Diversion Group and First Pacific Davis making it to the finals [10] - China CRRC Group shared its practices in building a comprehensive management hub based on AI-COP, while Hubei Port Group presented the value creation transformation achieved through the "E-port Office" comprehensive management platform [10] - Four thematic forums focused on AI empowerment for enterprise evolution and digital government construction were held during the event [10] Conclusion - The conference highlighted Zhiyuan Huilian's ongoing exploration in the field of collaborative management, promoting the evolution of government and enterprise organizations towards intelligent operations through technological upgrades and ecosystem co-construction [11]

Core Insights - Zhiyuan Interconnect Software Co., Ltd. held the "2025 Collaborative Management Forum and the 15th User Conference" in Wuhan, focusing on the theme "AI-COP Enables Intelligent Evolution of Organizations" [1] - The company introduced the CoMi Agent Platform 2.0 and a new version of its entire product line, along with the launch of a "Collaborative AI Ecosystem" in partnership with leading industry players [2] Group 1 - The chairman of Zhiyuan Interconnect, Xu Shi, elaborated on the AI-COP strategy, emphasizing the transformation of organizations in the AI era characterized by efficiency revolution, paradigm shift, organizational restructuring, and self-evolution [1] - The company has been dedicated to exploring collaborative operations for 23 years, transitioning from OA to AI-COP and from collaborative software to collaborative AI [1] - The strategic upgrade aims to reshape collaborative operations through AI, enabling intelligent evolution of organizations and creating a new ecosystem for value co-creation [1] Group 2 - The CoMi Family 2.0 features five core characteristics: workspace, multimodal capabilities, multi-agent functionality, data-driven approach, and digital employees [2] - The platform integrates a unified intelligent base, intelligent agents, and a multimodal data hub to embed intelligent capabilities deeply into core business processes, facilitating a comprehensive AI upgrade across office, business, and operational scenarios [2] - Zhiyuan Interconnect collaborates with major industry players like Huawei Cloud, Fourth Paradigm, and Kingsoft Office to build a sustainable and evolving intelligent ecosystem [2]

Market Performance - The ERP concept index declined by 3.00%, ranking among the top declines in the concept sector as of the market close on August 8 [1] - Within the ERP sector, major decliners included Dingjie Zhizhi, Saiyi Information, and Yonyou Network, while only five stocks saw price increases, with Jingda Co., Changrong Co., and Jian Design leading the gains at 0.78%, 0.50%, and 0.48% respectively [1] Capital Flow - The ERP concept sector experienced a net outflow of 2.465 billion yuan, with 25 stocks facing net outflows, and six stocks seeing outflows exceeding 100 million yuan [2] - The stock with the highest net outflow was Hand Information, with a net outflow of 479 million yuan, followed by Dingjie Zhizhi, Yonyou Network, and Runhe Software with net outflows of 471 million yuan, 343 million yuan, and 338 million yuan respectively [2][3] - Conversely, the stocks with the highest net inflows included Jingda Co., Yingtang Zhikong, and Aerospace Information, with net inflows of 38.63 million yuan, 16.47 million yuan, and 5.59 million yuan respectively [2][3]

（文章来源：每日经济新闻） 开源证券8月8日发布研报称，给予致远互联（688369.SH，最新价：31.7元）买入评级。评级理由主要 包括：1）坚持"平台+生态"发展战略；2）发布2025年限制性股票激励计划（草案），绑定核心高管及 技术骨干；3）以AI合同额作为考核目标之一，彰显ALL IN AI战略决心。风险提示：市场竞争加剧； 新产品推广不及预期。 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][8] Core Views - The company is focusing on its AI strategy and has announced a new stock incentive plan to drive long-term growth. The upcoming 2025 Collaborative Management Forum will introduce the AI-COP intelligent collaborative operation platform and the new generation of CoMi product family 2.0 [8][9] - The company maintains a positive outlook on its future growth, with projected net profits for 2025-2027 being -0.97 million, -0.23 million, and 0.21 million respectively, and revenue forecasts of 9.26 billion, 10.41 billion, and 11.75 billion [8] - The stock is currently priced at 33.60 yuan, with a market capitalization of 38.71 billion yuan and a three-month turnover rate of 233.33% [3][8] Financial Summary - Revenue for 2023 was 1,045 million, with a projected decline to 847 million in 2024, followed by a recovery to 926 million in 2025, and further growth to 1,041 million and 1,175 million in 2026 and 2027 respectively [12][14] - The company expects a significant improvement in net profit from -236 million in 2024 to 21 million in 2027, indicating a turnaround in profitability [12][14] - The gross margin is projected to remain stable around 64.7% to 63.8% from 2025 to 2027, while the net margin is expected to improve from -10.4% in 2025 to 1.8% in 2027 [12][14] AI Strategy and Performance Targets - The company has set ambitious targets for its AI product contracts, with goals for 2025 being 60 million, 85 million, and 100 million yuan for contract amounts, and corresponding gross profit growth rates of 5%, 7%, and 9% [10] - For 2026 and 2027, the targets increase to 69 million, 104.55 million, and 130 million yuan, with gross profit growth rates of 12%, 14%, and 16% respectively, demonstrating a strong commitment to its "ALL IN AI" strategy [10]

北京致远互联软件股份有限公司监事会 关于公司 2025 年员工持股计划相关事项的核查意见 文件规定的持有人条件，符合本持股计划规定的持有人范围，其作为本持股计划 持有人的主体资格合法、有效。 制，有利于进一步完善公司治理水平，提高员工的凝聚力和公司竞争力，充分调 动员工的积极性和创造性，吸引和保留优秀管理人才、业务骨干，实现公司可持 续发展。 综上，公司监事会一致同意公司实施本持股计划，并同意将本持股计划相关 议案提交公司股东大会审议。 北京致远互联软件股份有限公司监事会 持股计划的情形。 有效。本持股计划内容符合《上市规则》《指导意见》《自律监管指引第 1 号》 等法律法规及规范性文件的规定。 及全体股东利益的情形，亦不存在摊派、强行分配等方式强制员工参与本持股计 划的情形。 北京致远互联软件股份有限公司（以下简称"公司"）监事会依据《中华人 民共和国公司法》《中华人民共和国证券法》《上海证券交易所科创板股票上市 规则》（以下简称"《上市规则》"）、《关于上市公司实施员工持股计划试点 的指导意见》（以下简称"《指导意见》"）、《上海证券交易所科创板上市公 司自律监管指引第 1 号——规范运作》（以下简称"《 ...

证券代码：688369 证券简称：致远互联 公告编号：2025-032 北京致远互联软件股份有限公司 关于召开2025年第一次临时股东大会的通知 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： （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投 票，应按照《上海证券交易所科创板上市公司自律监管指引第 1 号 — 规范运作》 等有关规定执行。 （七） 涉及公开征集股东投票权 无 二、 会议审议事项 本次股东大会审议议案及投票股东类型 投票股东类型 序号 议案名称 A 股股东 非累积投票议案 关于公司《2025 年限制性股票激励计划（草案）》及 其摘要的议案 关于公司《2025 年限制性股票激励计划实施考核管理 办法》的议案 关于提请股东大会授权董事会办理公司 2025 年限制 性股票激励计划相关事宜的议案 关于公司《2025 年员工持股计划（草案）》及其摘要 的议案 关于提请股东大会授权董事会办理公司 2025 年 ...

之 独立财务顾问报告 目 录 一、释义 | 本独立财务顾问报告中，除非文义载明，下列简称具有如下含义： | | | | --- | --- | --- | | 致远互联、本公司、公司 指 北京致远互联软件股份有限公司 | | | | 独立财务顾问 | | | | 之独立财务顾问报告》 | | | | 员工持股计划、本持股计 | | | | 指 北京致远互联软件股份有限公司 2025 年员工持股计划 | | | | 划、本次员工持股计划 | | | | 年员工持股计划 | | | | 指 | | | | 持有人会议 指 员工持股计划持有人会议 | | | | 管理委员会 指 员工持股计划管理委员会 | | | | 《北京致远互联软件股份有限公司 2025 年员工持股计划 | | | | 指 | 《持股计划管理办法》 | | | 本持股计划通过合法方式受让和持有的致远互联 A 股普 | | | | 指 | | 标的股票 | | 通股股票 | | | | 中国证监会 指 中国证券监督管理委员会 | | | | 指 上海证券交易所 | | 上交所 | | 指 人民币元、人民币万元 | | 元、万元 | | 《公司法》 ...

北京市建国门北大街 8 号华润大厦 20 层 邮编：100005 电话：(86-10) 8519-1300 传真：(86-10) 8519-1350 junhebj@junhe.com 北京市君合律师事务所 关于 北京致远互联软件股份有限公司 的 法律意见书 二零二五年八月 北京市君合律师事务所 关于北京致远互联软件股份有限公司 2025 年员工持股计划（草案）的 法律意见书 致：北京致远互联软件股份有限公司 北京市君合律师事务所（以下简称"本所"）为在北京市司法局注册设立并 依法执业的律师事务所。本所受北京致远互联软件股份有限公司（以下简称"致 远互联"、"公司"）的委托，担任致远互联 2025 年员工持股计划（以下简称 "本持股计划"）的专项法律顾问，依据《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》）、《中国证 券监督管理委员会关于上市公司实施员工持股计划试点的指导意见》（以下简称 《指导意见》）、《上海证券交易所科创板上市公司自律监管指引第 1 号——规 范运作》（以下简称《自律监管指引第 1 号》）及中华人民共和国（包括香港特 别行政区、澳门特别行政区 ...

证券简称：致远互联 证券代码：688369 本公司及董事会全体成员保证本持股计划不存在虚假记载、误导性陈述或重 大遗漏，并对其真实性、准确性、完整性承担个别和连带的法律责任。 风险提示 或"公司"）2025 年员工持股计划（以下简称"本持股计划"或"持股计划"） 将在公司股东大会通过后方可实施，本持股计划能否获得公司股东大会批准，存 在不确定性。 步结果，能否完成实施，存在不确定性。 份额不足，本持股计划存在低于预计规模的风险。 意投资风险。 特别提示 本部分内容中的词语简称与"释义"部分保持一致。 北京致远互联软件股份有限公司 北京致远互联软件股份有限公司 声明 券法》《关于上市公司实施员工持股计划试点的指导意见》《上海证券交易所科 创板股票上市规则》及《上海证券交易所科创板上市公司自律监管指引第 1 号— —规范运作》等有关法律、行政法规、规章、规范性文件和《公司章程》的规定 制定。 行分配等强制员工参与本持股计划的情形。 影响的核心骨干人员，总人数不超过 48 人（不含未来拟收回份额再分配人员）， 具体参加人数根据员工实际参与意愿确定。 单位，每份份额为 1.00 元，合计认购份额不超过 1,384.9 ...