Group 1 - The core viewpoint of the news is that Yingfang Software's stock has seen a significant increase of 6.39%, reaching a price of 56.47 CNY per share, with a total market capitalization of 4.715 billion CNY [1] - Yingfang Software, established on August 12, 2011, specializes in providing data replication software, integrated hardware and software solutions, and related services. The revenue breakdown is as follows: software products account for 60.37%, software-related services for 20.57%, integrated hardware and software products for 15.97%, and others for 3.09% [1] Group 2 - From the perspective of major fund holdings, one fund under Dongfang Fund has a significant position in Yingfang Software. The Dongfang Quantitative Growth Flexible Allocation Mixed A Fund (005616) held 20,800 shares in the third quarter, representing 0.59% of the fund's net value, ranking as the eighth largest holding. The estimated floating profit for today is approximately 70,600 CNY [2] - The Dongfang Quantitative Growth Flexible Allocation Mixed A Fund (005616) was established on March 21, 2018, with a current scale of 108 million CNY. Year-to-date returns are 39.09%, ranking 1869 out of 8147 in its category; the one-year return is 30.38%, ranking 1795 out of 8056; and since inception, the return is 121.26% [2]

Core Viewpoint - The company, Yingfang Software, is actively participating in the domestic software ecosystem and has established itself as a key player in data protection and replication technology, particularly in the financial sector and other industries. Group 1: Company Overview - Yingfang Software was founded on August 12, 2011, and went public on January 19, 2023. The company is based in Shanghai and 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] Group 2: Market Position and Performance - As of September 30, the company 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% [8] - For the period from January to September 2025, the company achieved a revenue of 132 million yuan, representing a year-on-year growth of 11.26%. However, the net profit attributable to the parent company was -14.71 million yuan, which is a 53.56% increase compared to the previous year [8] Group 3: Technological Capabilities - The company has developed various data replication technologies, including dynamic file byte-level, database semantic-level, and volume block-level replication, which are compatible with both domestic and international software brands [2][3] - Yingfang Software's products are widely used in critical business systems of financial institutions, including securities firms, banks, insurance companies, and asset management companies, as well as in government agencies, healthcare institutions, and telecommunications operators [3] Group 4: Strategic Initiatives - The company supports the Huawei Euler operating system and has joined the openEuler community, indicating its commitment to promoting domestic software innovation and self-sufficiency [2] - Yingfang Software has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise by the Ministry of Industry and Information Technology, highlighting its strong market position and technological capabilities [5]

Market Overview - The software development sector increased by 0.57% on November 10, with Yingfang Software leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Top Gainers in Software Development Sector - Yingfang Software (688435) closed at 54.89, up 14.28% with a trading volume of 93,300 shares and a transaction value of 493 million [1] - Weston (301315) closed at 62.00, up 9.37% with a trading volume of 134,400 shares and a transaction value of 817 million [1] - Shengbang Security (688651) closed at 41.84, up 6.38% with a trading volume of 43,800 shares [1] - Anbotong (688168) closed at 88.32, up 5.33% with a trading volume of 44,000 shares and a transaction value of 377 million [1] - Hengtai Open Source (920415) closed at 16.50, up 5.30% with a trading volume of 67,400 shares and a transaction value of 11.1 million [1] Top Losers in Software Development Sector - Dingjie Zhizhi (300378) closed at 43.45, down 11.88% with a trading volume of 354,200 shares and a transaction value of 1.593 billion [2] - Wangda Software (603189) closed at 22.32, down 4.21% with a trading volume of 136,600 shares and a transaction value of 310 million [2] - Hehe Information (688615) closed at 204.07, down 4.18% with a trading volume of 48,600 shares and a transaction value of 1.004 billion [2] Capital Flow Analysis - The software development sector experienced a net outflow of 1.176 billion from institutional investors, while retail investors saw a net inflow of 1.034 billion [2] - The top stocks by net inflow from institutional investors included Sanliu (601360) with 475 million and Anbotong (688168) with 55.72 million [3] - Retail investors showed significant interest in stocks like Zhongdian Xilong (002298) with a net inflow of 43.17 million [3]

Core Viewpoint - The announcement details the reduction of shareholding by major shareholders of Shanghai Yingfang Software Co., Ltd., indicating that they have decreased their holdings below 5%, thus no longer being classified as major shareholders [3][4][5]. Summary by Sections Shareholder Reduction - The shareholders, including Hangzhou Haowangjiao Qihang Investment Partnership, Hangzhou Haowangjiao Yuehang Investment Partnership, and Hangzhou Haowangjiao Weihang Investment Partnership, have collectively reduced their holdings to 4,174,900 shares, representing 4.9999% of the total share capital of the company [3][4][12]. Nature of the Change - This reduction is part of a previously disclosed share reduction plan and does not trigger a mandatory tender offer [3][5]. - The reduction does not affect the control structure of the company, as it is not the first major shareholder reducing their stake [4][5]. Transaction Details - The reduction was executed through centralized bidding, with a total of 277,600 shares sold between November 3 and November 7, 2025, accounting for 0.3325% of the total share capital [13]. - Prior to this reduction, the shareholders held 4,452,500 shares, which was 5.3323% of the total share capital [12][13]. Future Plans - The shareholders have indicated a plan to continue reducing their holdings, with a maximum of 2,505,000 shares to be sold within three months following the announcement of the reduction plan [11][12].

上海英方软件股份有限公司 关于持股5%以上股东减持股份至5%以下的权益变动提 示性公告 股东杭州好望角启航投资合伙企业（有限合伙）、杭州好望角越航投资合 伙企业（有限合伙）、杭州好望角苇航投资合伙企业（有限合伙）保证向本公司 提供的信息真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证本公告内容与上述股东提供的信息一致。 重要内容提示： l 本次权益变动属于公司首次公开发行持股5%以上股东实施已披露的股份 减持计划，不触及要约收购。 2 本次权益变动后，杭州好望角启航投资合伙企业（有限合伙）（以下简 称"好望角启航"）及其一致行动人杭州好望角越航投资合伙企业（有限合伙） （以下简称"好望角越航"）、杭州好望角苇航投资合伙企业（有限合伙）（ 以下简称"好望角苇航"）合计持有上海英方软件股份有限公司（以下简称" 公司"）股份4,174,900股，占公司总股本的4.9999%,不再是公司持股5%以上 的股东。 证券代码：688435 证券简称：英方软件 公告编号：2025-051 公司于2025年11月7日收到持股5%以上股东好望角启航及其一致行动人好望 角越航、好望角苇航发来的《简 ...

上海英方软件股份有限公司 简式权益变动报告书 上市公司名称：上海英方软件股份有限公司 股票上市地点：上海证券交易所 股票简称：英方软件 股票代码：688435 信息披露义务人 1：杭州好望角启航投资合伙企业（有限合伙） 住址或通讯地址：浙江省杭州市上城区大资福庙前 107 号 11 号楼 203 室 信息披露义务人 2：杭州好望角越航投资合伙企业（有限合伙） 住址或通讯地址：浙江省杭州市上城区大资福庙前 107 号 11 号楼 202 室 信息披露义务人 3：杭州好望角苇航投资合伙企业（有限合伙） 住址或通讯地址：浙江省杭州市上城区大资福庙前 107 号 11 号楼 210 室 股份变动性质：减持股份，合并持股比例降至 5%以下 权益变动报告书签署日期：2025 年 11 月 7 日 - 1 - 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司收购管理办法》（以下简称"《收购办法》"）、《公开发行证券的公司信 息披露内容与格式准则第 15 号——权益变动报告书》（以下简称"《准则 15 号》"） 及相关的法律、法规编写本报告书。 二、信息披露义务人签署 ...

Core Points - The Sci-Tech Innovation Board (STAR Market) index rose by 3.34%, closing at 1436.86 points, with a total trading volume of 4.16 billion shares and a turnover of 217.87 billion yuan [1] - Among the tradable stocks on the STAR Market, 405 stocks closed higher, with 10 stocks rising over 10%, including Changguang Huaxin and Huasheng Lithium, which hit the daily limit [1] - The turnover rate for STAR Market stocks showed that 3 stocks had a turnover rate exceeding 20%, while 16 stocks had a turnover rate between 10% and 20% [1] Trading Performance - The stocks with the highest turnover rates included Heyuan Biological, which closed down 8.74% with a turnover rate of 39.70%, and Bibet, which closed down 5.14% with a turnover rate of 22.78% [1][3] - The top gainers included Changguang Huaxin and Huasheng Lithium, both up by 20.00%, while the largest decliners were Aerospace Hongtu and Heyuan Biological, down by 15.92% and 8.74%, respectively [2] Sector Analysis - The electronics sector had the most stocks with a turnover rate exceeding 5%, totaling 21 stocks, followed by the power equipment and defense sectors with 15 and 6 stocks, respectively [2] - In terms of capital flow, 38 stocks experienced net inflows from main funds, with the highest inflows seen in Canxin Technology, Western Superconducting, and Purun Technology, amounting to 267 million yuan, 198 million yuan, and 195 million yuan, respectively [2] Leverage Fund Movements - A total of 33 stocks received net purchases from leveraged funds, with the largest increases in financing balances seen in Artis, GuoDun Quantum, and Trina Solar, which increased by 544 million yuan, 395 million yuan, and 274 million yuan, respectively [2]

Core Viewpoint - The company, Yingfang Software, has shown a significant increase in trading activity and financial performance, indicating potential growth opportunities in the software industry [1][2]. Group 1: Trading Activity - On November 4, Yingfang Software's stock rose by 1.90%, with a trading volume of 544 million yuan [1]. - The financing buy-in amount for the day was 65.58 million yuan, while the financing repayment was 57.41 million yuan, resulting in a net financing buy-in of 8.18 million yuan [1]. - As of November 4, the total financing and securities lending balance for Yingfang Software was 142 million yuan, accounting for 6.52% of its market capitalization, which is above the 90th percentile of the past year [1]. Group 2: Company Overview - 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 revenue composition of the company includes software products (60.37%), software-related services (20.57%), integrated hardware and software products (15.97%), and others (3.09%) [1]. Group 3: Financial Performance - As of September 30, the number of shareholders for Yingfang Software was 6,509, an increase of 0.91% from the previous period [2]. - The average number of circulating shares per person was 7,248, reflecting a 1.32% increase [2]. - For the period from January to September 2025, the company achieved a revenue of 132 million yuan, representing 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% [2].

Group 1 - The closing price of Yingfang Software (688435) on November 3 was 45.36 yuan, reaching the daily limit with a trading volume of 4.76 billion yuan and a turnover rate of 24.07% [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 amount of 1.62 billion yuan, with a net buying amount of 41.76 million yuan [2] Group 2 - The main capital inflow for the stock was 32.98 million yuan throughout the day [3] - The largest buying department was Goldman Sachs (China) Securities, with a purchase amount of 21.67 million yuan [3] - The largest selling department was CITIC Securities Shanghai Branch, with a selling amount of 14.18 million yuan [3]

Core Viewpoint - The stock of Yingfang Software experienced an abnormal fluctuation, with a cumulative closing price increase of over 30% during two consecutive trading days on October 31 and November 3, 2025 [1] Summary by Relevant Sections - **Stock Performance**: The stock price of Yingfang Software showed a significant increase, with a cumulative rise exceeding 30% over two trading days, indicating unusual trading activity [1] - **Company Response**: The company conducted a self-examination and inquired with its controlling shareholder and actual controller, confirming that there are no undisclosed significant matters as of the date of the announcement [1] - **Investor Advisory**: The company issued a reminder to investors to be cautious, make rational decisions, and invest prudently in light of the stock's volatility [1]