Market Overview - The software development sector experienced a decline of 1.58% on November 4, with Suochen Technology leading the drop [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] Top Gainers in Software Development Sector - Keda Guochuang (300520) saw a closing price of 45.85, with an increase of 7.15% and a trading volume of 877,400 shares, amounting to 3.909 billion yuan [1] - Geer Software (603232) closed at 24.78, up 5.63%, with a trading volume of 658,300 shares, totaling 1.576 billion yuan [1] - Weston (301315) closed at 59.18, increasing by 4.56%, with a trading volume of 119,400 shares, amounting to 685 million yuan [1] Top Decliners in Software Development Sector - Suochen Technology (688507) closed at 97.02, down 7.34%, with a trading volume of 35,400 shares, totaling 350 million yuan [2] - Qilin Xinan (688152) closed at 46.66, decreasing by 7.03%, with a trading volume of 43,300 shares, amounting to 204 million yuan [2] - Xingxiu Technology (688031) closed at 68.13, down 6.23%, with a trading volume of 82,900 shares, totaling 572 million yuan [2] Capital Flow Analysis - The software development sector experienced a net outflow of 4.019 billion yuan from institutional investors, while retail investors saw a net inflow of 2.385 billion yuan [2] - The top stocks with significant net inflows from retail investors include Keda Guochuang (300520) with a net inflow of 1.33 billion yuan [3] - Geer Software (603232) had a net inflow of 443.38 million yuan from institutional investors, while experiencing a net outflow from retail investors [3]

Core Points - The stock of Suochen Technology (688507.SH) closed at 97.02 yuan, with a decline of 7.34%, resulting in a total market capitalization of 8.645 billion yuan [1] - The company is currently in a state of share price decline since its IPO on April 18, 2023, where it issued 10.3334 million shares at an initial price of 245.56 yuan per share [1] - The total funds raised from the IPO amounted to 253.74697 million yuan, with a net amount of 231.57491 million yuan, exceeding the original plan by 134.68455 million yuan [1] Fund Utilization - The funds raised are intended for several projects, including the construction of a research and development center, an industrial simulation cloud project, the construction of 260 DEMX underwater noise testing instruments, marketing network development, and to supplement working capital [1] Financial Distribution - In the 2022 annual profit distribution, the company announced a cash dividend of 0.15 yuan per share and a capital reserve increase of 0.48 shares for every share held, resulting in a total distribution of 6.20001 million yuan in cash and an increase of 19.840032 million shares [2] - For the 2023 annual profit distribution, the company plans to distribute a cash dividend of 3.80 yuan for every 10 shares and a capital reserve increase of 4.60 shares for every 10 shares, with the record date set for June 18, 2024 [2]

Group 1 - The core point of the news is that Shanghai Sochen Technology Co., Ltd. experienced a stock decline of 5.06%, with a current share price of 99.40 yuan and a total market capitalization of 8.857 billion yuan [1] - The company specializes in CAE software development, sales, and services, with its main revenue sources being TianGong simulation product development (56.93%), TianGong engineering simulation software (29.33%), and other services [1] - The company was established on February 24, 2006, and went public on April 18, 2023 [1] Group 2 - From the perspective of fund holdings, one fund under Galaxy Fund has a significant position in Sochen Technology, with an increase of 142 shares in the third quarter, holding a total of 230,000 shares, which constitutes 7.16% of the fund's net value [2] - The Galaxy and Mei Life Mixed A fund (006128) has a total scale of 319 million yuan and has achieved a year-to-date return of 18.78% [2] - The fund manager, Zheng Weishan, has been in position for 6 years and 180 days, with the best fund return during his tenure being 265.78% [3]

Core Viewpoint - Shanghai Suochen Information Technology Co., Ltd. plans to acquire 60% equity of Beijing Likong Yuantong Technology Co., Ltd. from ten shareholders through its wholly-owned subsidiary, Shanghai Suochen Digital Technology Co., Ltd. in cash [1][22]. Group 1: Major Asset Purchase Announcement - The company’s board of directors has approved the draft of the major asset purchase report and related proposals [1]. - The company received an inquiry letter from the Shanghai Stock Exchange regarding the major asset purchase draft and has made necessary revisions to the report [2][39]. - The revised report has been disclosed, ensuring that the transaction plan remains unaffected by the changes [2]. Group 2: Shareholder Meeting Notification - The third extraordinary general meeting of shareholders is scheduled for November 19, 2025, with both on-site and online voting options available [5][6]. - The meeting will discuss the major asset purchase report and other related proposals that have been previously approved by the board [8]. Group 3: Self-Inspection Report on Stock Trading - The company conducted a self-inspection regarding stock trading by insiders during the period leading up to the announcement of the major asset purchase [22]. - The self-inspection confirmed that the trading activities of relevant insiders did not constitute insider trading and did not pose legal obstacles to the transaction [28][30]. Group 4: Investor Communication - An investor briefing session is scheduled for November 11, 2025, to address questions regarding the major asset purchase [32]. - The session will be held online, allowing investors to submit questions in advance [33][36].

上海索辰信息科技股份有限公司（证券代码：688507，简称"索辰科技"）于近日发布公告，就上海证券 交易所关于公司重大资产购买草案的问询函进行了详细回复。公司针对标的公司协同效应、历史沿革、 估值合理性、财务状况等八大核心问题展开说明，明确了收购标的力控科技的战略价值与整合路径，并 就整合风险、盈利不确定性等事项进行了充分提示。 协同效应：构建全流程工业软件体系 技术互补形成"观测-推演"闭环 关于标的公司历史股权回购及本次交易定价差异问题，公告详细披露，2024年11月力控科技因未实现 IPO触发回购条款，向16名历史股东回购股权并减资，回购价款按"投资本金+年化8%复利利息"计算， 合计支付2.96亿元。本次交易中，核心管理团队与外部股东采用差异化定价，内部股东对应估值2.71亿 元，外部股东估值区间4.96亿-5.25亿元，主要因外部股东需按原投资协议回收成本，内部股东则更看重 长期协同价值。 中介机构核查认为，差异化定价符合市场化原则，不存在利益输送。截至目前，标的公司已完成减资程 序，股权权属清晰，不存在未解除的对赌协议，符合重大资产重组相关规定。 风险提示：整合效果与盈利前景存不确定性 公司特别提 ...

独立财务顾问报告 独立财务顾问 签署日期：二〇二五年十一月 国泰海通证券股份有限公司 关于 上海索辰信息科技股份有限公司 重大资产购买 之 声明与承诺 本部分所使用的简称与本报告"释义"中所定义的简称具有相同含义。 国泰海通证券股份有限公司接受上海索辰信息科技股份有限公司的委托，担 任上海索辰信息科技股份有限公司重大资产购买的独立财务顾问，就该事项向上 海索辰信息科技股份有限公司全体股东提供独立意见，并制作本独立财务顾问报 告。 本独立财务顾问报告是依据《中华人民共和国公司法》《中华人民共和国证 券法》《上市公司重大资产重组管理办法》《上市公司并购重组财务顾问业务管理 办法》《公开发行证券的公司信息披露内容与格式准则第 26 号——上市公司重大 资产重组》《上海证券交易所上市公司自律监管指引第 6 号—重大资产重组》等 法律、法规的有关规定，按照证券行业公认的业务标准、道德规范和诚实信用、 勤勉尽责精神，遵循客观、公正的原则，在认真审阅相关资料和充分了解本次交 易行为的基础上，发表独立财务顾问意见，旨在就本次交易做出独立、客观和公 正的评价，以供上海索辰信息科技股份有限公司全体股东及有关方面参考。 一、独立财 ...

上海立信资产评估有限公司 关于上海证券交易所《关于对上海索辰信息科技股份 有限公司重大资产购买草案的问询函》 资产评估相关问题回复之核查意见 上海证券交易所： 根据贵所下发的《关于对上海索辰信息科技股份有限公司重大资产购买草案 的问询函》（上证科创公函【2025】0396 号，以下简称"《问询函》"）。上 海立信资产评估有限公司收到问询函后高度重视，并立即组织相关人员，对问题 进行认真分析，现对《问询函》中提及的问题回复如下： 如无特别说明，本回复内容中出现的简称等均与报告书中的释义相同。 问题四：关于标的资产评估 草案披露，本次交易采用收益法评估结果作为定价依据，标的公司股东全 部权益评估价值为 32,400 万元，评估增值率为 1,151.92%。收益法评估下，标 的公司主营业务收入 2026 年-2030 年预测增长率分别为 6.02%、5.74%、5.70%、 5.67%和 5.63%；标的公司预测期内的主营业务毛利率为 59.47%、60.14%、60.82%、 61.51%、62.22%，持续增长且高于同行业可比公司平均水平；预测期内的管理 费用、财务费用显著低于报告期。2025 年 7-12 月 ...

北京市中伦律师事务所 关于上海索辰信息科技股份有限公司 重大资产购买的 补充法律意见书（一） 二〇二五年十一月 | 一、 | 《问询函》"2.关于标的公司历史沿革" 4 | | --- | --- | | 二、 | 《问询函》"7.关于标的公司关联交易" 21 | | 三、 | 《问询函》"8.关于整合管控" 34 | 北京市中伦律师事务所 关于上海索辰信息科技股份有限公司重大资产购买的 补充法律意见书（一） 致：上海索辰信息科技股份有限公司 北京市中伦律师事务所（以下简称"本所"）作为上海索辰信息科技股份有 限公司（以下简称"公司"或"索辰科技"）拟通过全资子公司上海索辰数字科 技有限公司（以下简称"数字科技"）以支付现金的方式购买力控元通 60%股权 （以下简称"本次交易"）的专项法律顾问，为公司本次交易提供法律服务并出 具法律意见。 根据《公司法》《证券法》《上市规则》《重组管理办法》《监管指引第 9 号》《准则第 26 号》《自律监管指引第 6 号》《律师事务所从事证券法律业务 管理办法》《律师事务所证券法律业务执行规则（试行）》及其他有关法律、法 规、中国证监会和上交所有关规范性文件的规定，按照律师 ...

北京市中伦律师事务所 关于上海索辰信息科技股份有限公司 本次交易相关主体买卖股票情况 的自查报告之核查意见 致：上海索辰信息科技股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受上海索辰信息科技股份有 限公司（以下简称"索辰科技""公司"或"上市公司"）的委托，担任上市公 司拟通过全资子公司上海索辰数字科技有限公司以支付现金方式收购取得北京 力控元通科技有限公司 60%股权（以下简称"本次交易"）的专项法律顾问。 本所及经办律师根据《中华人民共和国证券法》《上市公司重大资产重组管 理办法》《上市公司信息披露管理办法》《公开发行证券的公司信息披露内容与 格式准则第 26 号——上市公司重大资产重组》《监管规则适用指引——上市类 第 1 号》等相关现行有效的法律、法规及规范性文件的规定，就上市公司首次公 告重组事项前 6 个月至重组报告书披露之前一日，即自 2024 年 8 月 18 日至 2025 年 9 月 29 日（以下简称"核查期间"或"自查期间"）相关内幕信息知情人买 卖索辰科技股票的情况进行了核查，并出具本《北京市中伦律师事务所关于上海 索辰信息科技股份有限公司本次交易相关主体买卖股票情况的自 ...

贵所于 2025 年 10 月 20 日出具的《关于对上海索辰信息科技股份有限公司 重大资产购买草案的问询函》（上证科创公函〔2025〕396 号）（以下简称"问询 函"）已收悉。国泰海通证券股份有限公司（以下简称"国泰海通"、"独立财务 顾问"）对问询函所列问题进行了逐项核查，现回复如下。 如无特别说明，本回复报告中的简称或名词的释义与重组报告书中的相同。 本回复报告的字体： | 类别 | 字体 | | --- | --- | | 问询函所列问题 | 黑体（加粗） | | 对问题的回复 | 宋体 | | 对重组报告书的补充披露、修改 | 楷体（加粗） | 国泰海通证券股份有限公司 问题一：关于协同效应 关于上海证券交易所《关于对上海索辰信息科技股份有限公 司重大资产购买草案的问询函》回复之 草案披露，上市公司与标的公司均为工业软件细分领域的龙头企业，双方在业 务布局、技术经验、客户群体、研发与销售体系方面均能够发挥协同效应，业务与 产品协同表现为构建全流程工业软件体系，前沿发展领域协同表现为构建物理AI"机 理+感知"智能解决方案。 核查意见 上海证券交易所： 请公司：（1）补充披露上市公司与标的公司产品、 ...