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 年度持续督导工作现场检查报告 兴业证券股份有限公司（以下简称"兴业证券"或"保荐机构"）作为上海英方 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，根据中国证监会《证券发行上市保荐业务管理办法》（以下 简称"《保荐办法》"）以及《上海证券交易所科创板股票上市规则》的相关规定， 担任英方软件首次公开发行股票持续督导的保荐机构，于 2025 年 12 月 16 日至 19 日对公司进行了现场检查。现将本次现场检查情况报告如下： 一、本次现场检查的基本情况 保荐机构于 2025 年 12 月 16 日至 19 日对英方软件进行了现场检查，参加人 员为吴昊、曹媛、施公望、张倩。 在现场检查过程中，保荐机构结合英方软件的实际情况，查阅、收集了英方 软件自 2025 年 1 月 1 日至现场检查日的有关文件、资料，与公司董秘进行了访 谈，实施了包括审核、查证、询问等必要程序，检查了公司治理和内部控制，信 息披露，公司的独立性以及与控股股东及其他关联方资金往来，募集资金使用， 关联交易、对外担保、重大对外投资以及经 ...

Group 1 - The core viewpoint of the news is that Yingfang Software has shown significant activity in financing and trading, indicating a strong market presence and investor interest [1] - On December 26, Yingfang Software's stock price increased by 1.26%, with a trading volume of 223 million yuan, and a net financing purchase of 10.42 million yuan [1] - As of December 26, the total balance of margin trading for Yingfang Software was 191 million yuan, accounting for 8.36% of its market capitalization, which is above the 90th percentile of the past year [1] Group 2 - As of September 30, the number of shareholders for Yingfang Software increased to 6,509, reflecting a 0.91% rise, with an average of 7,248 circulating shares per person, up by 1.32% [2] - For the period from January to September 2025, Yingfang Software reported 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 53.56% increase in losses compared to the previous year [2] - The company's main business includes software products (60.37%), software-related services (20.57%), and integrated hardware and software products (15.97%) [1]

（编辑 楚丽君） 证券日报网讯 12月25日，英方软件在互动平台回答投资者提问时表示，公司始终严格遵守信息披露相 关规定，所有应披露的重大合作与订单信息，均会通过法定披露渠道及时、公平地对外公告，具体业务 情况请以公司在指定媒体发布的定期报告和临时公告为准。敬请广大投资者理性投资，注意投资风险。 ...

异动分析 华为欧拉+腾讯概念+数据安全+数字经济+华为鲲鹏 1、2024年11月14日互动易：公司一体机支持华为欧拉操作系统，公司已加入openEuler社区，未来公司 将持续积极参与国产生态建设，与合作伙伴共同推动国产软件产业的创新与自主可控。 2、2023年10月23日互动易：公司目前拥有容灾、备份、云灾备、大数据四大产品线，近30款标准化产 品，目前有超过300家合作伙伴。英方与合作伙伴共同进行产品方案的联合推广，合作企业包括华为、 新华三、浪潮、曙光、腾讯云、百度云、京东云，以及传统的IT产品经销商，如伟仕佳杰等。在英方全 国合作商中，包括了区域业务整合能力强的国企，通过转售、定制开发等方式进行英方产品的销售。新 型工业化公司本身就是英方的客户群体，同时该类公司也可以在其体系内转售英方的产品，这需要看具 体的合作模式和对方公司本身的业务发展方向与需求。 来源：新浪证券-红岸工作室 12月25日，英方软件跌0.44%，成交额7942.80万元，换手率3.51%，总市值39.91亿元。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 今日主力净流入-697.78 ...

Group 1 - The core viewpoint of the news is that Yingfang Software has shown a mixed performance in terms of financing activities and stock performance, with a notable increase in financing balance and a slight decline in net financing buy [1][2] Group 2 - On December 23, Yingfang Software's stock rose by 0.68%, with a trading volume of 60.35 million yuan [1] - The financing buy amount on the same day was 7.70 million yuan, while the financing repayment was 8.65 million yuan, resulting in a net financing buy of -0.94 million yuan [1] - As of December 23, the total financing and securities lending balance for Yingfang Software was 184 million yuan, which accounts for 8.23% of its market capitalization [1] Group 3 - The company has a high financing balance, exceeding the 80th percentile of the past year [1] - On the same day, there were no securities lent or sold, indicating a lack of short-selling activity [1] - Yingfang Software was established on August 12, 2011, and went public on January 19, 2023, focusing on data replication software and related services [1] Group 4 - 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 shareholder was 7,248, which is an increase of 1.32% [2] - For the period from January to September 2025, the company achieved operating revenue of 132 million yuan, representing a year-on-year growth of 11.26% [2] - The net profit attributable to the parent company was -14.71 million yuan, showing a year-on-year increase of 53.56% [2]

异动分析 华为欧拉+腾讯概念+数据安全+数字经济+华为鲲鹏 1、2024年11月14日互动易：公司一体机支持华为欧拉操作系统，公司已加入openEuler社区，未来公司 将持续积极参与国产生态建设，与合作伙伴共同推动国产软件产业的创新与自主可控。 2、2023年10月23日互动易：公司目前拥有容灾、备份、云灾备、大数据四大产品线，近30款标准化产 品，目前有超过300家合作伙伴。英方与合作伙伴共同进行产品方案的联合推广，合作企业包括华为、 新华三、浪潮、曙光、腾讯云、百度云、京东云，以及传统的IT产品经销商，如伟仕佳杰等。在英方全 国合作商中，包括了区域业务整合能力强的国企，通过转售、定制开发等方式进行英方产品的销售。新 型工业化公司本身就是英方的客户群体，同时该类公司也可以在其体系内转售英方的产品，这需要看具 体的合作模式和对方公司本身的业务发展方向与需求。 来源：新浪证券-红岸工作室 12月18日，英方软件跌2.03%，成交额1.05亿元，换手率4.62%，总市值39.83亿元。 主力持仓 主力轻度控盘，筹码分布较为分散，主力成交额5773.06万，占总成交额的11.4%。 技术面：筹码平均交易成本为52 ...

Core Viewpoint - The stock of Yingfang Software has shown significant trading activity, with a notable increase in share price and fluctuations in financing and margin trading, indicating investor interest and potential volatility in the company's stock performance [1][2]. Financing Summary - On December 17, Yingfang Software's financing buy amounted to 8.65 million yuan, while financing repayment was 13.84 million yuan, resulting in a net financing outflow of 5.19 million yuan [1]. - As of December 17, the total financing and margin trading balance for Yingfang Software was 182 million yuan, accounting for 7.94% of its market capitalization, which is above the 80th percentile of the past year [1]. - The company had no short selling activity on December 17, with a short selling balance of 0, indicating a lack of bearish sentiment among investors [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 software products (60.37%), software-related services (20.57%), integrated hardware and software products (15.97%), and other services (3.09%) [1]. Financial Performance - 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% [2]. - The company experienced a net loss attributable to shareholders of 14.71 million yuan, which represents a year-on-year increase in losses of 53.56% [2]. - As of September 30, the number of shareholders increased to 6,509, a rise of 0.91%, with an average of 7,248 circulating shares per shareholder, up by 1.32% [2].

Market Overview - The Shanghai Composite Index closed at 3884.93 points, with a slight decline of -0.11% [1] - The total trading volume of A-shares reached 1,198.5 billion yuan [1] Stocks with Death Cross - A total of 88 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between the 5-day and 10-day moving averages include: - Chuling Information (300250) with a distance of -1.55% [1] - Rongji Software (002474) with a distance of -1.40% [1] - Changyuan Donggu (603950) with a distance of -1.25% [1] Individual Stock Performance - Chuling Information (300250) saw a decline of -6.37% with a trading turnover rate of 11.94% [1] - Rongji Software (002474) decreased by -1.83% with a turnover rate of 10.53% [1] - Changyuan Donggu (603950) fell by -1.09% with a turnover rate of 0.41% [1] - Other notable declines include: - Shenhua A (000020) down -2.80% [1] - Sunshine Power (300274) down -3.41% [1] - Aide Biological (300685) down -3.43% [1] Additional Stock Data - Stocks with minor declines include: - Yitian Intelligent (300911) down -0.86% [2] - Hanrui (300618) down -1.70% [2] - Yinghe Technology (300457) down -3.03% [2] - Stocks with slight increases include: - Jinfatech (600143) up 0.67% [2] - Degoo (300950) up 0.13% [2]

Core Viewpoint - The article highlights the increasing importance of disaster recovery solutions in the face of frequent data crises, showcasing the significant value of Yingfang Software's disaster recovery products, especially after a recent technical failure at a major bank that led to a surge in the company's stock price by over 14% [3]. Group 1: Company Overview - Yingfang Software is the first A-share listed company in China to provide data replication and disaster recovery-related software and hardware, serving over 6,000 institutional clients globally [3]. - The company was founded in 2011, during the early days of mobile internet, with a vision to create domestic disaster recovery software, believing that data management would become a necessity for businesses in the internet era [4][5]. - The company aims to maintain a research and development (R&D) expense ratio of over 50% of its revenue and plans to increase the proportion of overseas business revenue to 20% or more in the future [3][4]. Group 2: Product and Technology - Yingfang Software's disaster recovery products support various applications, including securities trading systems, hospital LIS systems, and manufacturing MES systems, achieving microsecond-level recovery for any point in time [5]. - The company's disaster recovery management system is designed to create real-time backups and ensure quick business switching during failures, likened to a "backup granary" for businesses [5]. - The company has developed core technologies for file-level, block-level, and semantic-level replication, achieving byte-level consistency and second-level switching capabilities [6]. Group 3: Market Position and Strategy - The company has successfully navigated challenges in R&D, market expansion, and building trust, particularly in critical sectors like banking and telecommunications, where software must withstand rigorous pressure testing [6][7]. - Yingfang Software is transitioning from a disaster recovery product company to a data resilience platform enterprise, driven by advancements in AI and international market expansion [8][9]. - The company plans to establish three core regional centers in Shanghai, Hong Kong, and Singapore to enhance its global competitiveness and brand influence [9]. Group 4: Future Vision - The company's vision is to become a global leader in data resilience platforms by the end of the 14th Five-Year Plan, focusing on increasing market share and overseas revenue [10].

Group 1 - Shanghai's "14th Five-Year Plan" outlines a strategic blueprint for high-quality development, emphasizing innovation and internationalization for local tech companies [1][2] - Companies like Titan Technology, Kasei Biotech, and Yingfang Software are leveraging Shanghai's supportive ecosystem to tackle key technological challenges and expand into global markets [1][2][19] - Kasei Biotech aims to become a pioneer in the global biomanufacturing industry, focusing on high-value utilization of biomass and synthetic biology technologies [4][11][12] Group 2 - Titan Technology has transitioned from a focus on basic manufacturing to a comprehensive production system covering reagents, consumables, and instruments, with significant investments in capacity expansion [19][20][21] - The company has established a full industrial chain and is actively pursuing mergers and acquisitions to enhance its product capabilities and market presence [22][23] - Titan Technology's goal during the "14th Five-Year Plan" is to break into the global market, supported by a strong customer base and ongoing product development [24][25] Group 3 - Yingfang Software has developed a robust disaster recovery system, addressing critical data management needs for various industries, including finance and healthcare [13][14][15] - The company has achieved significant market penetration, serving over 6,000 clients globally, and aims to increase its international revenue share [13][18] - Yingfang Software is focusing on AI integration and international expansion to enhance its competitive edge in the data resilience sector [17][18] Group 4 - Chuangyuan Xinke is advancing communication testing technologies, with a focus on 6G and satellite communication, and has invested heavily in R&D to maintain its competitive position [27][28][29] - The company is expanding its testing capabilities to cover low-altitude and satellite communication, aiming to provide comprehensive testing solutions across various domains [29][30] - Chuangyuan Xinke is also exploring opportunities in the robotics testing sector, recognizing its potential for long-term growth [34][35]