Group 1 - Company Lingzhi Software reported Q3 performance, with revenue of approximately 763 million yuan, a year-on-year decrease of 5.57% [1] - The net profit attributable to shareholders was about 96.75 million yuan, down 21.87% year-on-year [1] - Basic earnings per share were 0.249 yuan, reflecting a year-on-year decline of 21.57% [1] Group 2 - As of the report, Lingzhi Software's market capitalization stood at 7.1 billion yuan [2]

天风证券股份有限公司关于 使用自有资金支付募投项目所需资金并以募集资金等额置 换之核查意见 天风证券股份有限公司（以下简称"天风证券"或"保荐机构"）作为苏 州工业园区凌志软件股份有限公司（以下简称"凌志软件"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》、《上市公司募集资金监管规则》、《上海证券交易所科创板股票上市 规则（2025 年 4 月修订）》、《上海证券交易所科创板上市公司自律监管指引 第 1 号——规范运作（2025 年 5 月修订）》、《科创板上市公司持续监管办法 （试行）》等有关法律法规和规范性文件的要求，就凌志软件拟使用自有资金 支付募投项目所需资金并以募集资金等额置换的事项进行了审慎核查，发表如 下核查意见： 一、募集资金基本情况 根据中国证券监督管理委员会（以下简称"中国证监会"）于 2020 年 4 月 7 日作出的《关于同意苏州工业园区凌志软件股份有限公司首次公开发行股票 注册的批复》（证监许可〔2020〕613 号），公司获准向社会公开发行人民币 普通股 40,010,000 股，每股发行价格为人民币 11.49 元。募集资金总额为人 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥247,238,462.07, a decrease of 10.46% compared to the same period last year[3] - The total profit for the period was -¥18,124,392.23, reflecting a significant decline of 114.13% year-over-year[3] - The net profit attributable to shareholders was -¥15,223,399.69, down 113.39% from the previous year[3] - The basic earnings per share for the period was -¥0.0394, a decrease of 113.52% compared to the same quarter last year[3] - The net profit excluding non-recurring gains and losses was -¥19,647,341.22, a decline of 117.34% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2025 was ¥762.83 million, a decrease of 5.57% compared to ¥807.86 million in the same period of 2024[25] - Net profit for the first three quarters of 2025 was ¥96.64 million, a decrease of 21.73% compared to ¥123.55 million in 2024[26] - Operating profit for the first three quarters of 2025 was ¥108.63 million, down 25.66% from ¥146.03 million in 2024[26] - Basic and diluted earnings per share for the first three quarters of 2025 were ¥0.2490, compared to ¥0.3175 in 2024, reflecting a decrease of 21.5%[27] - The company reported a tax expense of ¥11.73 million for the first three quarters of 2025, down from ¥22.39 million in 2024, indicating a reduction in tax liability[26] - Other comprehensive income after tax for the first three quarters of 2025 was -¥426,783.46, compared to ¥5.87 million in 2024, showing a significant decline[27] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥57,001,414.03, down 55.60% compared to the previous year[3] - Cash flow from operating activities for the first three quarters of 2025 was ¥57.00 million, a decline of 55.6% from ¥128.39 million in 2024[30] - Cash flow from investing activities for the first three quarters of 2025 was ¥66.24 million, compared to a negative cash flow of ¥159.64 million in 2024, indicating a significant improvement[30] - Cash and cash equivalents at the end of the first three quarters of 2025 totaled ¥837.00 million, an increase from ¥801.75 million at the end of 2024[30] - The company's cash and cash equivalents increased to CNY 837,007,159.77 from CNY 802,275,964.57, representing a growth of about 4.3% year-over-year[20] Expenses and Liabilities - Research and development expenses totaled ¥21,820,828.56, an increase of 30.22% year-over-year, representing 8.83% of operating revenue[4] - Total current liabilities decreased to CNY 502,100,991.45 from CNY 511,603,470.86, indicating a reduction of approximately 1.0%[22] - The company's total liabilities decreased to CNY 516,560,530.10 from CNY 537,055,493.91, reflecting a reduction of approximately 3.0%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 19,944[11] - The largest shareholder, Zhang Baoquan, holds 79,425,226 shares, representing 19.86% of total shares[11] - The second largest shareholder, Wu Yanfang, holds 66,683,517 shares, representing 16.67% of total shares[11] - The top 10 shareholders collectively hold a significant portion of shares, with the largest three shareholders accounting for over 40%[11] - The shareholder structure indicates a strong concentration of ownership among a few key individuals and entities[12] Equity and Assets - Total assets at the end of the period were ¥1,748,637,305.62, a decrease of 2.33% from the end of the previous year[4] - The company reported a decrease in equity attributable to shareholders to ¥1,231,673,132.36, down 1.69% from the previous year[4] - The company's total equity as of September 30, 2025, was CNY 1,232,076,775.52, down from CNY 1,253,315,117.82, reflecting a decrease of about 1.7%[22] - The company reported a total of CNY 124,431,002.94 in accounts receivable, down from CNY 142,807,124.44, which is a decline of approximately 12.9%[20] - The company’s inventory increased significantly to CNY 12,035,625.79 from CNY 5,017,035.65, marking an increase of approximately 139.7%[21] - The company’s long-term equity investments decreased to CNY 3,880,502.58 from CNY 5,635,574.43, a decline of about 31.1%[21] - The company’s retained earnings increased to CNY 518,519,249.04 from CNY 499,025,283.99, representing a growth of about 3.9%[22] Corporate Actions - The company has implemented a restricted stock incentive plan approved on March 19, 2025, aimed at enhancing employee motivation[15] - The first extraordinary general meeting of 2025 was held on April 11, 2025, to further discuss the stock incentive plan[16] - The company has engaged in securities lending activities, with 600,000 shares lent out as of the reporting period[14] - The company has not reported any changes in the lending or borrowing of shares among the top shareholders[14] - The total number of shares held by the "Suzhou Industrial Park Lingzhi Software Co., Ltd. Repurchase Special Securities Account" is 13,750,000, representing 3.44%[12] - The company has adjusted the grant price for its 2025 restricted stock incentive plan, indicating a strategic move to align with market conditions[18] Accounting Changes - The company will implement new accounting standards starting from 2025, which will involve adjustments to the financial statements at the beginning of the year[31] - The announcement was made by the board of directors of Suzhou Industrial Park Lingzhi Software Co., Ltd. on October 29, 2025[32]

证券代码：688588 证券简称：凌志软件 公告编号：2025-055 苏州工业园区凌志软件股份有限公司 关于使用自有资金支付募投项目所需资金并以募集 资金等额置换的公告 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。 苏州工业园区凌志软件股份有限公司（以下简称"公司"）于2025年10月29 日召开第五届董事会第五次会议，审议通过了《关于使用自有资金支付募投项目 所需资金并以募集资金等额置换的议案》，同意公司在募投项目实施期间，根据 实际情况使用自有资金支付募投项目所需资金，并以募集资金等额置换，即从募 集资金专户划转等额资金至公司自有资金账户，该部分等额置换资金视同募投项 目使用资金。保荐机构天风证券股份有限公司（以下简称"天风证券"或"保荐 机构"）对本事项出具了无异议的核查意见。上述事项在董事会审批权限范围内， 无需提交股东会审议。具体情况如下： 一、募集资金基本情况 根据中国证券监督管理委员会于 2020 年 4 月 7 日作出的《关于同意苏州工 业园区凌志软件股份有限公司首次公开发行股票注册的批复》（证监许可〔2 ...

https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 4 日（星期二）至 11 月 10 日（星期一）16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 证券代码：688588 证券简称：凌志软件 公告编号：2025-056 苏州工业园区凌志软件股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 本公司董事会及全体董事保证本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、准确性和完整性承担法律责任。 重要内容提示： （info@linkstec.com）进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 苏州工业园区凌志软件股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公 司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 11 月 11 日（星期 二）14:00-15:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行 交流。 一、说 ...

Core Insights - Lingzhi Software reported a third-quarter revenue of 247 million, a decrease of 10.46% compared to the previous year [1] - The company experienced a net loss of 15.22 million, representing a decline of 113.39% [1] - For the first three quarters, revenue totaled 763 million, down 5.57% year-on-year [1] - The net profit for the same period was 96.74 million, a decrease of 21.87% [1] Financial Performance - Third-quarter revenue: 247 million, down 10.46% [1] - Third-quarter net loss: 15.22 million, down 113.39% [1] - Year-to-date revenue: 763 million, down 5.57% [1] - Year-to-date net profit: 96.74 million, down 21.87% [1]

Group 1: Technology Developments - Meituan launched the LongCat-Video model, capable of generating 5-minute videos with 13.6 billion parameters, aiming to enhance AI's understanding of the world through video generation tasks [2] - Qualcomm introduced new AI chips, AI200 and AI250, designed for data center AI inference, offering optimized performance and lower total cost of ownership [11] - Changjiang Storage announced the mass production of DDR5 fourth-generation RCD chips, achieving data transfer rates of up to 7200MT/s, a 12.5% improvement over the previous generation [12] Group 2: Business Initiatives - JD.com initiated the "National Good Car" delivery center recruitment plan, aiming to create a nationwide sales and service network by integrating various automotive service providers [3] - Meituan announced nationwide social security subsidies for delivery riders, allowing them to choose their insurance payment locations starting in November [4] - Yingyi Intelligent Manufacturing secured over 100 assembly orders from leading clients, enhancing its collaboration in hardware manufacturing and AI model development [7] Group 3: Financial Activities - Junsheng Electronics plans to issue approximately 155 million shares in Hong Kong, with a maximum price of HKD 23.60 per share, to fund R&D and global expansion [13] - Eagle Semiconductor completed a B+ round financing of over 700 million yuan, setting a record for VCSEL startups in China [15] - Guoyi Quantum raised 131 million yuan in strategic financing to enhance R&D and market expansion efforts [19] Group 4: Market Expansion - Didi launched 500 electric vehicles in Mexico, marking its first standardized ride-hailing service in Latin America [5] - Hengtong Optic-Electric won contracts for marine energy projects totaling 1.868 billion yuan, including a 1 million kW offshore wind project [8] - Zhenyu Technology plans to invest 2.11 billion yuan in precision components and humanoid robot modules, aiming to enhance its production capabilities [10]

Group 1 - Wang Yi, the Foreign Minister, communicated with U.S. Secretary of State Rubio, expressing hope for mutual efforts to prepare for high-level interactions and create conditions for the development of China-U.S. relations [2] - The People's Bank of China will maintain a supportive monetary policy stance, resume open market operations for government bonds, and explore measures to support personal credit repair [2][3] - The National Bureau of Statistics reported that profits of industrial enterprises above designated size increased by 21.6% year-on-year in September, with high-tech manufacturing and equipment manufacturing showing rapid growth [3] Group 2 - The State Administration of Foreign Exchange will introduce nine new policy measures focusing on trade facilitation, including expanding cross-border trade pilot programs and optimizing foreign exchange fund settlement for new trade entities [3] - The Ministry of Finance reported that in September, central government revenue was 691.3 billion yuan, while expenditure was 1.5844 trillion yuan [4] - The 138th Canton Fair saw participation from nearly 240,000 overseas buyers from 223 countries and regions, marking a 6.8% increase compared to the previous session [4] Group 3 - The China Securities Regulatory Commission (CSRC) released a plan to optimize the Qualified Foreign Institutional Investor (QFII) system, enhancing its attractiveness to long-term foreign capital [5] - The CSRC also issued opinions on strengthening the protection of small and medium investors in the capital market, proposing 23 specific measures across various aspects [5] - A-share market saw significant gains, with the Shanghai Composite Index approaching the 4000-point mark, driven by strong performance in technology stocks [5][6] Group 4 - The Hong Kong Hang Seng Index closed up 1.05%, with notable gains in pharmaceutical and materials sectors, while Southbound funds recorded a net purchase of 2.873 billion HKD [6] - The Shanghai Stock Exchange announced the third advisory committee member list, including founders from various tech companies [6] - New listings on the STAR Market include He Yuan Bio, Xi'an Yicai, and Bibet, with a total of 758,000 investor accounts opening trading permissions for the STAR Growth Layer [6] Group 5 - QFII holdings in A-shares reached 1.018 billion shares, valued at approximately 21.283 billion yuan, with a focus on cyclical sectors like non-ferrous metals and electricity [7] - Five listed securities firms have disclosed their Q3 reports, showing growth in both revenue and net profit, indicating a recovery in brokerage and asset management businesses [7] Group 6 - The central bank's market operations led to a significant drop in bond yields, with the 30-year special government bond yield falling by 5.75 basis points [18] - The trading association emphasized the need for stricter supervision of funds raised through debt financing tools [18] - Hebei Province disclosed special bond issuance information, with 4.738 billion yuan allocated for land storage, marking a pilot area for non-self-examination [18] Group 7 - The U.S. stock market saw all three major indices rise, with the Dow Jones up 0.71% and the Nasdaq up 1.86%, driven by easing international trade tensions [16] - European stock indices also experienced slight increases, reflecting improved market sentiment following U.S.-China trade discussions [16] - The Nikkei 225 index in Japan closed above 50,000 points for the first time, indicating strong market performance [16] Group 8 - The international gold futures market saw a decline, with COMEX gold futures dropping by 3.40% [20] - Brent crude oil futures experienced a slight decrease, while U.S. oil futures rose marginally [20] - The OPEC+ group is expected to discuss a slight increase in oil production at their upcoming meeting [21]

Core Viewpoint - Lingzhi Software 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. The transaction is still in the planning stage, and the valuation of Kaimiride has not been finalized yet [1] Group 1: Transaction Details - The transaction is currently in the planning phase, and it is uncertain whether it constitutes a major asset restructuring [1] - The acquisition will not lead to a change in the actual controller of Lingzhi Software and does not constitute a restructuring listing [1] - Lingzhi Software has signed a letter of intent for the acquisition with several parties, including Rao Xi, Dong Kunlin, and others [1] Group 2: Company Background - Kaimiride was established in 2013 and focuses on data governance architecture and financial data applications, providing core trading management and risk management solutions [2] - Kaimiride is recognized as a national high-tech enterprise and is a leading financial IT supplier in the integrated system field for capital and asset management [2] - Lingzhi Software specializes in financial software development and offers comprehensive software development services across various financial sectors, including securities, insurance, and asset management [2][3] Group 3: Financial Performance - In the first half of 2025, Lingzhi Software reported a revenue of 516 million yuan, a year-on-year decrease of 3.04%, while net profit attributable to shareholders increased by 1002.2% to 112 million yuan [3] - The increase in net profit was positively influenced by the rise in the Japanese yen exchange rate [3] - Lingzhi Software's R&D investment in the first half of the year was 40.39 million yuan, a year-on-year increase of 18.06%, representing 7.83% of total revenue [3]

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].