在华为全联接大会2025上，英方软件发布鲲鹏备份一体机方案。目前，英方软件多款核心产品已经通过 了华为鲲鹏技术认证与华为云兼容性认证，并与鲲鹏计算平台、昇腾AI计算平台、华为云GaussDB等华 为技术体系深度融合。（科创板日报） ...

兴业证券股份有限公司 关于上海英方软件股份有限公司 2025 年半年度持续督导跟踪报告 兴业证券股份有限公司（以下简称"兴业证券"或"保荐机构"）担任上海英方软 件股份有限公司（以下简称"英方软件"或"公司"）首次公开发行股票并在科创板上 市的保荐机构。根据《证券发行上市保荐业务管理办法》，由兴业证券完成持续督导工 作。根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》 等有关法律、法规的规定，兴业证券出具本持续督导跟踪报告。 | 工作内容 | 持续督导情况 | | --- | --- | | 1、建立健全并有效执行持续督导工作制度，并针 | 保荐机构已建立并有效执行了持续督导制度， | | 对具体的持续督导工作制定相应的工作计划。 | 并制定了相应的工作计划。 | | 2、根据中国证监会相关规定，在持续督导工作开 | 保荐机构已与英方软件签订《持续督导协议》， | | 始前，与上市公司或相关当事人签署持续督导协 | | | | 协议明确了双方在持续督导期间的权利和义 | | 议，明确双方在持续督导期间的权利义务，并报上 | 务。 | | 海证券交易所备案。 | | | 3、通过日常沟通 ...

江苏益友天元（上海）律师事务所 关于上海英方软件股份有限公司 2025 年第二次临时股东大会的 法律意见书 地址：上海市浦东新区时代金融中心 15 楼 1501-1503 室 邮编：200120 电话：021-50565915 传真：0512-68253379 二〇二五年九月 法 律 意 见 书 江苏益友天元（上海）律师事务所 关于上海英方软件股份有限公司 2025年第二次临时股东大会的法律意见书 益友证英方字（2025）第03号 1 致：上海英方软件股份有限公司 江苏益友天元（上海）律师事务所（下称"本所"）接受上海英方软件股份有限公 司（下称"公司"）的委托，指派黄卫国、李敏律师（下称"本所律师"）出席了公司 2025年第二次临时股东大会（下称"本次股东大会"），对本次股东大会进行见证并发 表法律意见。 为出具本法律意见书，本所律师审查了公司本次股东大会的有关文件和材料，并得 到公司如下保证：公司向本所提供的用于出具本法律意见书所必需的原始书面材料、副 本材料、电子文档或口头陈述真实、完整、有效，不存在虚假陈述、重大遗漏或隐瞒， 所有副本材料与复印件均与原件一致。 本法律意见书仅供本次股东大会之目的使用， ...

一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 9 月 15 日 证券代码：688435 证券简称：英方软件 公告编号：2025-045 上海英方软件股份有限公司 2025年第二次临时股东大会决议公告 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： 本次会议是否有被否决议案：无 （二） 股东大会召开的地点：上海市闵行区浦锦路 2049 弄 16 号楼 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 50 | | --- | --- | | 普通股股东人数 | 50 | | 2、出席会议的股东所持有的表决权数量 | 37,464,610 | | 普通股股东所持有表决权数量 | 37,464,610 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 45.4034 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 45.4034 | 注:截至本次股 ...

上海英方软件股份有限公司 2025 年第二次临时股东大会会议资料 上海英方软件股份有限公司 2025 年第二次临时股东大会会议资料 股票简称：英方软件 股票代码：688435 2025 年 9 月 1 | | | 上海英方软件股份有限公司 2025 年第二次临时股东大会会议资料 2025 年第二次临时股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证 大会的顺利进行，根据《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》、中国证监会《上市公司股东会规则》以及《上海英 方软件股份有限公司章程》《上海英方软件股份有限公司股东会议事规则》的相 关规定，上海英方软件股份有限公司（以下简称"公司"）特制定 2025 年第二 次临时股东大会会议须知： 一、为保证股东大会的严肃性和正常秩序，除出席会议的股东及股东代理人、 公司董事、监事、高管人员、聘任律师及董事会邀请的人员外，公司有权依法拒 绝其他无关人员进入会场。 二、为确认出席大会的股东或其代理人或其他出席者的出席资格，会议工作 人员将对出席会议者的身份进行必要的核对工作，请被核对者给予配合。 三、为保证本 ...

Core Viewpoint - The company, Yingfang Software, specializes in data replication software and services, focusing on compatibility with various platforms and contributing to the digital transformation across multiple industries [2][3][7]. Company Overview - Yingfang Software was established on August 12, 2011, and went public on January 19, 2023. The company is located in Shanghai and primarily offers 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 has developed proprietary data replication technologies, including dynamic file byte-level replication, database semantic-level replication, and volume block-level replication, which are essential for disaster recovery and data protection [2][3]. - Yingfang Software's products are compatible with various domestic and international software brands, including Huawei's Kunpeng chips and Euler operating system, and have been certified for use with GaussDB and openGauss [2][3]. 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's software products are widely used in financial institutions, including securities firms, banks, insurance companies, and asset management companies, as well as in government agencies and healthcare institutions [3]. Financial Performance - For the first half of 2025, Yingfang Software reported a revenue of 84.35 million yuan, representing a year-on-year growth of 0.93%. However, the net profit attributable to the parent company was -9.53 million yuan, showing a significant year-on-year increase of 55.35% in losses [8]. Market Activity - On September 4, the stock price of Yingfang Software decreased by 1.69%, with a trading volume of 56.54 million yuan and a market capitalization of 2.869 billion yuan [1]. - The company has experienced a net outflow of 2.25 million yuan from major investors, indicating a trend of reduced holdings over the past three days [4][5].

Core Viewpoint - The company, Yingfang Software, is experiencing a decline in stock price and trading volume, indicating potential challenges in the market despite its advancements in data replication technology and partnerships with major platforms like Huawei [1][4]. 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]. Product and Technology - The company has developed proprietary data replication technologies, including dynamic file byte-level, database semantic-level, and volume layer block-level replication, which are compatible with various domestic and international software brands [2]. - Yingfang Software's products are primarily deployed on clients' data servers, focusing on disaster recovery and data security, making it one of the top three suppliers in the domestic data replication and protection software market [3]. Market Position and Performance - As of June 30, the company had 6,450 shareholders, a 1.90% increase from the previous period, with an average of 7,154 circulating shares per person, a decrease of 1.86% [8]. - For the first half of 2025, Yingfang Software reported a revenue of 84.35 million yuan, a year-on-year increase of 0.93%, while the net profit attributable to the parent company was -9.53 million yuan, reflecting a 55.35% year-on-year improvement [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 Huawei Kunpeng, small-cap stocks, data elements, information security, and the digital economy [8].

Financial Performance - The company reported total revenue of 84.35 million yuan for the first half of 2025, a year-on-year increase of 0.93% [1] - The net profit attributable to shareholders was -9.53 million yuan, showing a significant improvement of 55.35% compared to the previous year [1] - In Q2 2025, total revenue reached 51.54 million yuan, up 4.89% year-on-year, while net profit attributable to shareholders was 2.75 million yuan, an increase of 130.06% [1] Key Financial Ratios - The gross margin for the company was 84.8%, a decrease of 3.1% year-on-year, while the net margin improved to -11.29%, an increase of 55.76% [1] - The total of selling, administrative, and financial expenses was 39.65 million yuan, accounting for 47.01% of revenue, down 19.38% year-on-year [1] - The company’s earnings per share improved to -0.12 yuan, a 53.85% increase compared to the previous year [1] Balance Sheet Highlights - Cash and cash equivalents increased significantly to 493 million yuan, a rise of 78.87% year-on-year [1] - Accounts receivable stood at 223 million yuan, up 5.07% from the previous year, with accounts receivable representing 116.88% of total revenue [1] - Interest-bearing debt decreased to 1.62 million yuan, down 30.51% year-on-year [1] Investment Insights - The company has a median ROIC of 9.46% since its listing, indicating relatively good investment returns despite some years of poor performance [3] - The company has faced challenges with its business model, having recorded two years of losses since its IPO [3] - The cash flow situation is a concern, with the average operating cash flow over the past three years being negative [3] Fund Holdings - The largest fund holding the company’s shares is Guoxin Guozheng New Star A, with 90,000 shares held, while Huaxia Stable Growth Mixed A has recently entered the top ten holdings with 2,000 shares [4] - The Guoxin Guozheng New Star A fund has a current scale of 137 million yuan and has seen a 102.7% increase over the past year [4]

Core Insights - The company reported a total revenue of 84.35 million yuan for the first half of 2025, reflecting a year-on-year increase of 0.93% [1] - The net profit attributable to shareholders was -9.53 million yuan, showing a significant improvement of 55.35% compared to the previous year [1] - The second quarter revenue reached 51.54 million yuan, up 4.89% year-on-year, with a net profit of 2.75 million yuan, marking a 130.06% increase [1] Financial Performance - Total revenue for 2025 was 84.35 million yuan, compared to 83.57 million yuan in 2024, a growth of 0.93% [1] - The net profit attributable to shareholders improved from -21.34 million yuan in 2024 to -9.53 million yuan in 2025, a 55.35% increase [1] - The gross margin decreased to 84.8%, down 3.1% year-on-year, while the net margin improved to -11.29%, an increase of 55.76% [1] - Total expenses (selling, administrative, and financial) amounted to 39.65 million yuan, accounting for 47.01% of revenue, a decrease of 19.38% year-on-year [1] Cash Flow and Debt - The company reported a significant increase in cash and cash equivalents, rising by 78.87% to 493 million yuan [1] - Accounts receivable increased by 5.07% to 223 million yuan, with accounts receivable representing 116.88% of total revenue [1] - Interest-bearing debt decreased by 30.51% to 1.62 million yuan, indicating improved debt management [1] Shareholder Metrics - Earnings per share improved from -0.26 yuan in 2024 to -0.12 yuan in 2025, a 53.85% increase [1] - The net asset value per share slightly decreased to 13.22 yuan, down 1.46% year-on-year [1] - Operating cash flow per share improved to -0.38 yuan, a 32.11% increase compared to the previous year [1] Investment Insights - The company has shown a historical median ROIC of 9.46%, indicating reasonable investment returns despite some years of poor performance [4] - The company has faced challenges with cash flow, as indicated by a negative average operating cash flow over the past three years [4] - The largest fund holding the company's shares is Guoxin Guozheng New Star A, with a current scale of 137 million yuan and a recent one-year increase of 102.7% [5]

Core Viewpoint - The company has decided to cancel a total of 234,360 restricted stocks from its 2023 incentive plan, which were granted but not vested, due to various reasons including employee departures and unmet performance targets [1][3][5]. Group 1: Announcement Details - The company held board and supervisory meetings on August 27, 2025, to approve the cancellation of the restricted stocks [1][2]. - The total number of restricted stocks being canceled is 234,360, which includes stocks granted to 11 departed employees and stocks that did not meet performance criteria [3][4]. Group 2: Specifics of Canceled Stocks - The breakdown of the canceled stocks includes 57,100 stocks from departed employees, 299,520 stocks due to unmet performance targets, and 196,100 stocks that were not assigned to any recipients within the stipulated time [3][4]. - The remaining unvested restricted stocks after this cancellation will total 214,920 [5]. Group 3: Impact on the Company - The cancellation of these stocks is not expected to have a significant impact on the company's financial status or operational results, nor will it affect the stability of the management team or the continuation of the stock incentive plan [5][6]. Group 4: Legal Opinions - The company's legal counsel has confirmed that the cancellation of the restricted stocks has received the necessary approvals and complies with relevant laws and regulations [6].