Core Viewpoint - Lingzhi Software (688588) is planning to acquire a controlling stake in Kaimeride (Suzhou) Information Technology Co., Ltd. through a combination of share issuance and cash payment, while also raising supporting funds. The transaction is still in the planning stage, and the valuation of Kaimeride has not been finalized, leading to uncertainty regarding whether it constitutes a major asset restructuring [2]. Group 1 - The acquisition is currently in the planning phase, and the stock of Lingzhi Software will be suspended from trading starting October 28, with an expected suspension period of no more than 10 trading days [2]. - Kaimeride is recognized as a national high-tech enterprise and a leading financial IT supplier in the integrated system field for capital and asset management in China. The company possesses complete self-controlled capabilities and can seamlessly integrate international product solutions, enabling both independent innovation and import substitution [2]. - Kaimeride has successfully implemented over 300 projects in collaboration with more than 100 domestic and international financial institutions, including major banks such as the National Development Bank and the Agricultural Development Bank of China. The client base includes approximately 70% of large and medium-sized financial institutions in China [2]. Group 2 - The transaction requires approval from the company's board of directors, shareholders, and regulatory authorities before it can be officially executed, indicating a level of uncertainty regarding the approval process [3].

Core Viewpoint - Lingzhi Software is planning to acquire a controlling stake in Kaimiride (Suzhou) Information Technology Co., Ltd. through a combination of share issuance and cash payment, while also raising supporting funds. The transaction is still in the planning stage, and the valuation of Kaimiride has not been finalized, leading to uncertainty regarding whether this constitutes a major asset restructuring [1][2]. Group 1: Transaction Details - The transaction is currently in the planning phase, and the company has applied for a trading suspension starting October 28, with an expected duration of no more than 10 trading days [1]. - Kaimiride is recognized as a national high-tech enterprise and a leading financial IT supplier in the integrated system field for capital and asset management, serving approximately 70% of large and medium-sized financial institutions in China [1]. Group 2: Company Background - Kaimiride has successfully implemented over 300 projects in collaboration with more than 100 domestic and international financial institutions, including major banks such as the National Development Bank and China Agricultural Development Bank [1]. - The company possesses complete self-controllable capabilities in the capital asset management field and can seamlessly integrate international product solutions, enabling both independent innovation and import substitution [1]. Group 3: Approval Process - The transaction requires approval from the company's board of directors, shareholders, and regulatory authorities before it can be officially executed, introducing a level of uncertainty regarding the approval process [2].

Core Viewpoint - The company Lingzhi Software (688588.SH) is planning to acquire a controlling stake in Kaimiride (Suzhou) Information Technology Co., Ltd. through a combination of issuing shares and cash payment, while also raising supporting funds for this transaction [1] Group 1 - The valuation of Kaimiride has not been finalized as of the announcement date, making it unclear whether this transaction constitutes a major asset restructuring [1] - The company's stock will be suspended from trading starting October 28, 2025, with an expected suspension period not exceeding 10 trading days [1]

智通财经APP讯，凌志软件(688588.SH)公告，公司正在筹划通过发行股份及支付现金方式购买凯美瑞 德(苏州)信息科技股份有限公司("凯美瑞德")控股权并募集配套资金("本次交易")。截至公告披露日，凯 美瑞德的估值尚未最终确定，尚无法确定本次交易是否构成重大资产重组。经公司申请，公司股票自 2025年10月28日(星期二)开市起开始停牌，预计停牌时间不超过10个交易日。 ...

Core Viewpoint - Lingzhi Software is planning to acquire a controlling stake in Kaimiride (Suzhou) Information Technology Co., Ltd. through a combination of share issuance and cash payment, with the stock expected to be suspended for no more than 10 trading days starting October 28 [1] Group 1: Acquisition Details - The acquisition is currently in the planning stage, and no formal transaction agreement has been signed yet [1] - The specific transaction plan is still under discussion, indicating uncertainty in the process [1] - The transaction requires approval from the company's board, shareholders, and regulatory authorities before it can be officially implemented, which adds to the uncertainty [1] Group 2: Company Background - Kaimiride was established in 2013 and focuses on data governance architecture, Lambda stream-batch integration architecture, and financial and enterprise-level data standards [1] - The company provides core-level trading management, risk management, and enterprise-level data application solutions and services for China's capital markets [1] Group 3: Market Reaction - On October 27, Lingzhi Software's stock rose by 3.07%, closing at 17.77 yuan per share, with a total market capitalization of 7.108 billion yuan [1]

Core Viewpoint - Lingzhi Software plans to acquire a controlling stake in Kaimiride (Suzhou) Information Technology Co., Ltd. to enhance its financial technology business layout [2][3]. Company Overview - Lingzhi Software, established in 2003, specializes in financial software development and solutions, primarily serving the securities, insurance, banking, trust, and asset management sectors. The company went public on the Sci-Tech Innovation Board in May 2020 [3]. - Kaimiride, founded in 2013, is a leading domestic financial IT supplier in the integrated system field for funds and asset management, recognized as a national high-tech enterprise [2][3]. Financial Performance - As of October 27, Lingzhi Software's market capitalization was 7.108 billion yuan [5]. - The company's revenue composition shows that approximately 90% of its income comes from Japan, indicating a significant reliance on international markets [4]. - Lingzhi Software's financial data reveals a decline in performance post-IPO, with net profit dropping over 45% from 2020 to 2023, although signs of recovery are expected starting in 2024 [4][5]. Growth Indicators - Lingzhi Software's total revenue for the year ending December 31, 2024, is projected at 1.114 billion yuan, reflecting a year-on-year growth of 59.99% [5]. - The company has experienced fluctuations in net profit, with a notable decrease of 38.72% in 2023 compared to the previous year [5].

Core Viewpoint - Lingzhi Software plans to acquire a controlling stake in Kaimiride (Suzhou) Information Technology Co., Ltd. to enhance its financial technology business layout, with the transaction currently in the planning stage [1] Company Overview - Kaimiride, established in 2013, is a leading domestic financial IT supplier in the integrated system field for funds and asset management, recognized as a national high-tech enterprise [1][2] - Lingzhi Software, founded in 2003, specializes in financial software development and solutions, with approximately 90% of its revenue derived from Japan [2] Financial Performance - Lingzhi Software's revenue for 2024 is projected at 1.114 billion yuan, showing a year-on-year growth of 59.99% [4] - The company experienced a decline in net profit from 2.007 billion yuan in 2020 to 806.7 million yuan in 2023, a drop of over 45% [3][4] - The company’s market capitalization as of October 27 is 7.108 billion yuan [4]

Core Viewpoint - Lingzhi Software (688588) is planning to acquire a controlling stake in Kaimeride (Suzhou) Information Technology Co., Ltd. through a combination of issuing shares and cash payment, while also raising supporting funds. The transaction is still in the planning stage, and the valuation of Kaimeride has not been finalized, making it uncertain whether this constitutes a major asset restructuring [2]. Group 1: Transaction Details - The acquisition is currently in the planning phase, and the valuation of Kaimeride has not yet been determined [2]. - Lingzhi Software's stock will be suspended from trading starting October 28, 2025, for a period not exceeding 10 trading days [2]. - The transaction requires approval from the company's board, shareholders, and regulatory authorities before it can be officially implemented, indicating a level of uncertainty regarding approval [5]. Group 2: Kaimeride Overview - Kaimeride is recognized as a national high-tech enterprise and a leading financial IT supplier in the integrated system field for capital and asset management in China [4]. - The company has successfully implemented over 300 projects with around 100 domestic and international financial institutions, covering approximately 70% of large and medium-sized financial institutions in China [5]. - Kaimeride's solutions manage a wide range of financial products, including fixed income, foreign exchange, precious metals, commodities, equities, credit, and both simple and complex derivatives [5].

Core Viewpoint - Lingzhi Software is planning to acquire the controlling stake in Kaimiride, which is expected to enhance its business capabilities and market position through complementary services and technology integration [1][2]. Company Summary - Lingzhi Software announced a stock suspension due to the planned acquisition of Kaimiride, with the suspension expected to last no more than 10 trading days [1]. - The acquisition involves issuing shares and cash payments, with the specific transaction details, including valuation and payment ratios, yet to be finalized [2]. - The transaction is not expected to change the actual controller of Lingzhi Software and will not constitute a restructuring listing [2]. Industry Summary - The domestic software and information technology service industry is undergoing a critical transformation, with mergers and acquisitions becoming an effective path for companies to enhance their capabilities and expand their boundaries [3]. - The acquisition of Kaimiride aligns with market demands, particularly in technology import and big data services, which could enrich Lingzhi Software's product offerings and market penetration [3]. - The regulatory environment is supportive of quality mergers, leading to increased industry concentration as leading companies accelerate acquisitions to capture niche markets [3].

Major Events - Guizhou Moutai's chairman Zhang Deqin resigned due to work adjustments, with Chen Hua recommended as the new chairman [4] - Kid King plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy [5] - Postal Savings Bank received approval to establish a financial asset investment company with a registered capital of 10 billion RMB [6] - Seres announced that the maximum price for its H-share issuance will not exceed 131.5 HKD per share [7] - China Bank appointed Liu Chenggang as vice president [8] - ST Guangwu's stock will be delisted from risk warning and renamed to "Guanghui Logistics" [9] - Wireless Media's initial pricing for share transfer is set at 29.11 RMB per share [10] - Jiangshan Oupai's subsidiaries in Henan and Chongqing will cease operations due to insufficient orders and will transfer business to Zhejiang [11][12] - Zhenyu Technology plans to invest 2.11 billion RMB in precision component manufacturing and humanoid robot projects [13] - Jinyuan Co.'s general manager Lian Changyun resigned, with Qiu Yongping appointed as the new general manager [14] Performance Overview - CanSino reported a Q3 net profit of 27.93 million RMB, up 842.01% year-on-year [15] - Jiangshan Co. achieved a Q3 net profit of 86.73 million RMB, a significant increase of 11,890.01% year-on-year [16] - Yingshi Innovation's Q3 net profit decreased by 15.90% to 272 million RMB [17] - Chip Origin reported a Q3 net loss of 26.85 million RMB [18] - Tonghua Dongbao's Q3 net profit surged by 499.86% to 984 million RMB [19] - Hengrui Medicine's Q3 net profit increased by 9.53% to 1.301 billion RMB [20] - Zhongguang Lightning's Q3 net profit rose by 382.66% to 6.46 million RMB [21] - Ice River Network's Q3 net profit grew by 244.58% to 166 million RMB [22] - Daheng Technology's Q3 net profit skyrocketed by 1,960.72% to 71.48 million RMB [23] - Yanjin Puzhi's Q3 net profit increased by 33.55% to 232 million RMB [24] - Sichuan Gold's Q3 net profit reached 160 million RMB, up 184.38% year-on-year [26] - Sanbo Brain Science's Q3 net profit fell by 63.26% to 13.93 million RMB [27] - Hengli Petrochemical's Q3 net profit rose by 81.47% to 1.972 billion RMB [28] - Deepin Technology's Q3 net profit surged by 1,097.40% to 147 million RMB [29] - Huisheng Biological's Q3 net profit increased by 1,575.79% to 70.72 million RMB [30] - Gaode Infrared's Q3 net profit grew by 1,143.72% to 401 million RMB [31] - Qingdao Beer reported a Q3 net profit of 1.37 billion RMB, up 1.62% [32] - Nanjing Public Utilities' Q3 net profit soared by 2,492.12% to 84.62 million RMB [34] - Zhangyuan Tungsten's Q3 net profit increased by 118.56% to 75.02 million RMB [35] - Yongmaotai's Q3 net profit rose by 6,319.92% to 30.41 million RMB [36] - Northern Rare Earth's Q3 net profit increased by 69.48% to 610 million RMB [37] - Hunan Gold's Q3 net profit grew by 63.13% to 373 million RMB [38] - Wansheng Intelligent's Q3 net profit increased by 205.56% to 67.13 million RMB [39] - Saiwei Electronics reported a Q3 net profit of 1.576 billion RMB, up 2,199.10% [40] Financing Activities - Lingzhi Software is planning to acquire control of Kaimiride and raise matching funds [41] Major Contracts - High-speed Rail Electric has pre-qualified for a 62.39 million RMB urban rail transit project [42]