Core Viewpoint - The company, Yingfang Software, has shown significant growth in its stock performance and is actively participating in the domestic software ecosystem, particularly in data protection and digital transformation sectors [1][2][3]. Company Overview - Yingfang Software, established on August 12, 2011, and listed on January 19, 2023, specializes in data replication software, integrated hardware-software solutions, and related services [7]. - The company's revenue composition includes 60.37% from software products, 20.57% from software-related services, 15.97% from integrated hardware-software products, and 3.09% from other sources [7]. Financial Performance - For the period from January to September 2025, Yingfang Software achieved a revenue of 132 million yuan, reflecting a year-on-year growth of 11.26%. However, the net profit attributable to the parent company was a loss of 14.71 million yuan, which is an increase in loss by 53.56% compared to the previous year [8]. Market Position - Yingfang Software is recognized as one of the top three suppliers in the domestic data replication and protection software market [3]. - The company has successfully implemented its data replication software in various financial institutions, including securities firms, banks, and insurance companies, as well as in government agencies and healthcare institutions [3]. Product and Technology - The company's products are primarily focused on data replication technologies, including dynamic file byte-level replication, database semantic-level replication, and volume block-level replication [2]. - Yingfang Software's solutions are designed to ensure data security and business continuity, supporting various applications such as disaster recovery and data migration [2][3]. Industry Context - Yingfang Software is positioned within the computer software development sector, specifically in horizontal general-purpose software, and is associated with concepts such as data elements, Huawei Kunpeng, big data, and Huawei Euler [8].

Core Viewpoint - The stock of Shanghai Yingfang Software Co., Ltd. increased by 5.03% on October 31, reaching a price of 36.95 CNY per share, with a total market capitalization of 3.085 billion CNY [1] Company Overview - Shanghai Yingfang Software Co., Ltd. was established on August 12, 2011, and went public on January 19, 2023. The company is located at 2049 Lane 15, Pujin Road, Minhang District, Shanghai [1] - The main business involves providing data replication-related software, integrated hardware and software solutions, and software-related services. The revenue composition is as follows: software products 60.37%, software-related services 20.57%, integrated hardware and software products 15.97%, and others 3.09% [1] Fund Holdings - One fund under Dongfang Fund has a significant holding in Yingfang Software. The Dongfang Quantitative Growth Flexible Allocation Mixed A Fund (005616) held 20,800 shares in the third quarter, accounting for 0.59% of the fund's net value, ranking as the eighth largest holding [2] - The fund has achieved a return of 35.97% year-to-date, ranking 2442 out of 8154 in its category, and a return of 37.96% over the past year, ranking 1964 out of 8046 [2] Fund Manager Information - The fund manager of Dongfang Quantitative Growth Flexible Allocation Mixed A Fund is Wang Huaixun, who has been in the position for 3 years and 169 days. The total asset size of the fund is 799 million CNY, with the best return during his tenure being 57.41% and the worst being 5.85% [3]

Core Insights - The company reported a strong revenue growth of 36.07% year-on-year in Q3 2025, achieving a total revenue of 47.31 million yuan [1] - Cumulatively, the company’s revenue for the first three quarters reached 130 million yuan, reflecting an 11.26% year-on-year increase [1] Financial Performance - In Q3 2025, the company invested 25.81 million yuan in R&D, which accounted for 54.56% of its revenue [1] - The continuous investment in R&D has led to breakthroughs in product functionality and technology architecture [1] Product Innovation - The company launched several new product versions, including i2Availability, i2DRM, i2Stream, i2ShareAI, and i2COOPY, enhancing its data security and business continuity solutions [1] - These innovations have solidified the company's technical leadership in the disaster recovery market [1] Market Expansion - The company actively participated in key industry events, including the Huawei Connect 2025 and the China International Metallurgical Industry Exhibition, showcasing its new backup integrated machine solution [2] - The company aims to deepen its market penetration in the data security sector and enhance its product competitiveness [2] Future Outlook - The company plans to continue strengthening its R&D and product innovation efforts, focusing on the vast potential in data security and business continuity [2] - The company is committed to accelerating the market transformation of its existing technological achievements to enhance customer experience and drive business growth [2]

Core Viewpoint - The company, Yingfang Software, is actively participating in the domestic software ecosystem and has developed various data replication technologies to enhance data security and support digital transformation across multiple industries [2][3]. Company Overview - Yingfang Software, established on August 12, 2011, and listed on January 19, 2023, specializes in providing data replication software, integrated hardware-software solutions, and related services [7]. - The revenue composition of the company includes 60.37% from software products, 20.57% from software-related services, 15.97% from integrated hardware-software products, and 3.09% from other sources [7]. Product and Technology - The company’s products are primarily focused on data replication, including dynamic file byte-level replication, database semantic-level replication, and volume block-level replication [2]. - Yingfang Software's products are compatible with various domestic and international software brands, and they have achieved compatibility certification with Kunpeng chips, servers, cloud platforms, and virtual platforms [2][3]. - The company is recognized as one of the top three suppliers in the domestic data replication and protection software market [3]. Market Position and Performance - As of September 30, the company had 6,509 shareholders, with an increase of 0.91% from the previous period, and an average of 7,248 circulating shares per person, up by 1.32% [8]. - For the period from January to September 2025, Yingfang Software reported a revenue of 132 million yuan, reflecting a year-on-year growth of 11.26%, while the net profit attributable to the parent company was -14.71 million yuan, showing a year-on-year increase of 53.56% [8]. Industry Context - Yingfang Software operates within the computer software development sector, specifically in horizontal general-purpose software, and is associated with concepts such as data elements, Huawei Kunpeng, Huawei Euler, DeepSeek, and big data [8].

Core Insights - The stock of Yingfang Software experienced a slight decline of 0.17% on October 28, with a trading volume of 69.98 million yuan [1] - The company reported a financing buy-in of 7.308 million yuan and a financing repayment of 12.2979 million yuan on the same day, resulting in a net financing outflow of 4.9899 million yuan [1] - As of October 28, the total financing and securities lending balance for Yingfang Software was 82.8293 million yuan, which is 4.96% of its market capitalization, indicating a low financing balance compared to the past year [1] Financing Overview - On October 28, Yingfang Software had a financing buy-in of 7.308 million yuan, with a total financing balance of 82.8293 million yuan, which is below the 30th percentile of the past year [1] - The company had no securities lent or sold on that day, with a securities lending balance of 0.00 yuan, indicating a high level of securities lending compared to the 80th percentile of the past year [1] Company Profile - Yingfang Software, established on August 12, 2011, and listed on January 19, 2023, is located in Shanghai and specializes in providing data replication software, integrated hardware and software solutions, and related services [1] - The company's revenue composition includes 60.37% from software products, 20.57% from software-related services, 15.97% from integrated hardware and software products, and 3.09% from other sources [1] Financial Performance - As of September 30, Yingfang Software had 6,509 shareholders, an increase of 0.91% from the previous period, with an average of 7,248 circulating shares per person, up by 1.32% [2] - For the period from January to September 2025, the company achieved a revenue of 132 million yuan, reflecting a year-on-year growth of 11.26%, while the net profit attributable to the parent company was -14.7058 million yuan, showing a year-on-year increase of 53.56% [2]

Core Insights - The company reported a total operating revenue of 132 million yuan for the first three quarters of 2025, representing a year-on-year increase of 11.26% [1] - The net profit attributable to shareholders of the parent company was a loss of 14.71 million yuan, which is an improvement of 16.96 million yuan compared to the same period last year [1] - The basic earnings per share stood at -0.18 yuan [1]

Core Insights - The company reported a revenue of 132 million yuan for the first three quarters of 2025, representing a year-on-year growth of 11.26% [1] - The net profit attributable to shareholders was -14.71 million yuan, showing a year-on-year increase of 53.56% [1] - The basic earnings per share was -0.18 yuan [2] Financial Performance - The gross profit margin for the first three quarters was 85.74%, a decrease of 1.32 percentage points year-on-year [2] - The net profit margin was -11.17%, an increase of 15.59 percentage points compared to the same period last year [2] - In Q3 2025, the gross profit margin was 87.43%, an increase of 1.45 percentage points year-on-year, but a decrease of 1.29 percentage points quarter-on-quarter [2] - The net profit margin for Q3 was -10.94%, up 18.75% year-on-year but down 16.29 percentage points from the previous quarter [2] Expense Management - Total operating expenses for the period were 136 million yuan, a decrease of 13.78 million yuan year-on-year [2] - The expense ratio was 103.01%, down 23.24 percentage points from the same period last year [2] - Sales expenses decreased by 9.66%, management expenses decreased by 21.84%, R&D expenses decreased by 3.02%, and financial expenses decreased by 226.70% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 6,509, an increase of 59 from the end of the first half of the year, representing a growth of 0.91% [3] - The average market value per shareholder increased from 426,400 yuan to 452,100 yuan, a growth of 6.01% [3] Company Overview - The company, Shanghai Yingfang Software Co., Ltd., was established on August 12, 2011, and went public on January 19, 2023 [3] - The main business involves providing data replication-related software, integrated hardware and software solutions, and software-related services [3] - Revenue composition includes software products (60.37%), software-related services (20.57%), integrated hardware and software products (15.97%), and others (3.09%) [3] - The company belongs to the computer-software development industry and is associated with concepts such as data elements, Huawei Euler, Huawei Kunpeng, DeepSeek, and small-cap stocks [3]

Group 1 - The core viewpoint of the article highlights the financial performance of Yingfang Software for Q3 2025, indicating a revenue increase but a net loss [1] - Yingfang Software reported revenue of approximately 132 million yuan for the first three quarters of 2025, representing a year-on-year increase of 11.26% [1] - The net profit attributable to shareholders was a loss of approximately 14.71 million yuan, with basic earnings per share reflecting a loss of 0.18 yuan [1] Group 2 - As of the report, Yingfang Software has a market capitalization of 3 billion yuan [1]

Financial Performance - The company's operating revenue for the third quarter reached ¥47,314,707.52, representing a year-on-year increase of 36.07%[4] - The total profit for the period was a loss of ¥5,246,174.95, with a cumulative loss of ¥15,412,574.72 year-to-date[4] - The net profit attributable to shareholders was a loss of ¥5,178,528.79, compared to a loss of ¥14,705,795.68 in the same period last year[4] - Total operating revenue for the first three quarters of 2025 reached ¥131,668,005.65, an increase of 11.5% compared to ¥118,345,886.79 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was a loss of ¥14,705,795.68, an improvement from a loss of ¥31,663,716.81 in the same period of 2024, indicating a 53.5% reduction in losses[20] - The total comprehensive income for the first three quarters of 2025 was -¥14,950,848.40, an improvement from -¥31,645,689.19 in 2024[20] Cash Flow and Assets - The company reported a cash flow from operating activities net amount of -¥16,918,113.15, with a cumulative cash flow of -¥48,877,079.08 year-to-date[4] - The net cash flow from operating activities for the first three quarters of 2025 was -¥48,877,079.08, worsening from -¥39,140,617.25 in 2024[22] - Cash and cash equivalents at the end of the third quarter of 2025 totaled ¥434,343,403.66, an increase from ¥408,227,570.52 at the end of 2024[23] - Investment activities generated a net cash inflow of ¥68,620,700.22 in the first three quarters of 2025, compared to a net outflow of -¥86,367,708.07 in 2024[23] - The company's total assets at the end of the reporting period were ¥1,172,353,376.23, down 1.60% from the end of the previous year[5] - The company's current assets totaled ¥1,076,319,020.83, down from ¥1,096,415,149.29, indicating a decrease of about 1.8%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,509[12] - The largest shareholder, Hu Junqing, holds 24,455,000 shares, accounting for 29.29% of the total shares[13] Liabilities and Equity - The company's total liabilities decreased to ¥73,518,938.29 from ¥77,641,983.31, a reduction of about 5.4%[17] - The equity attributable to shareholders decreased to ¥1,098,834,437.94 from ¥1,113,785,286.34, reflecting a decline of approximately 1.3%[17] Research and Development - Research and development expenses totaled ¥25,813,492.12, accounting for 54.56% of operating revenue, a decrease of 23.80 percentage points year-on-year[5] - The company continues to invest in technology research and market expansion to strengthen its competitive advantage and increase market share[11] Inventory and Receivables - The company’s inventory decreased to ¥1,494,331.59 from ¥2,724,641.71, indicating a decline of approximately 45.0%[16] - Accounts receivable rose to ¥235,752,247.04 from ¥209,919,365.60, representing an increase of around 12.3%[15] Financial Statements and Auditing - The company’s financial statements are unaudited for the reporting period, which may affect the reliability of the reported figures[15] - The board of directors of Shanghai Yingfang Software Co., Ltd. announced the financial results on October 28, 2025[25]

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