Core Viewpoint - The company reported a total operating revenue of 2.117 billion yuan for the fiscal year 2025, reflecting a year-on-year growth of 6.09%, while net profit attributable to shareholders turned to a loss of 120 million yuan from a profit in the previous year [1] Group 1: Financial Performance - The total operating revenue for 2025 is projected to be 2.117 billion yuan, which is approximately a 6.09% increase compared to the same period last year [1] - The company experienced a net profit loss of 120 million yuan, indicating a shift from profit to loss year-on-year [1] Group 2: Business Strategy - The company is committed to a "comprehensive embrace of artificial intelligence" development strategy, aiming to integrate AI technology deeply with its core business while maintaining its traditional IT solutions [1] - Revenue growth is primarily driven by innovative business and IT product sales, as well as value-added services [1] Group 3: Challenges and Market Conditions - The new business initiatives are influenced by industry characteristics and market conditions, requiring time for scalable commercial implementation [1] - The high degree of customization in related projects leads to revenue recognition being dependent on client acceptance, which is susceptible to client budget and decision-making cycles, resulting in lower-than-expected scale and profitability for new businesses [1]

Financial Performance - The total operating revenue for 2025 was RMB 211,669.47 million, an increase of 6.09% compared to the previous year[6] - The operating profit for 2025 was RMB -12,001.93 million, a decrease of 1,484.94% year-on-year[6] - The net profit attributable to shareholders of the parent company was RMB -11,953.13 million, down 1,577.02% from the previous year[6] - The basic earnings per share for 2025 was RMB -0.45, a decline of 1,600.00% compared to the previous year[6] Assets and Equity - The total assets at the end of the reporting period were RMB 322,927.83 million, a growth of 4.06% from the beginning of the period[8] - The equity attributable to shareholders of the parent company decreased by 5.88% to RMB 137,244.72 million[8] Strategic Plans and Investments - The company plans to achieve an operating revenue of RMB 2.117 billion in 2025, driven by innovation and IT product sales[8] - Increased R&D and marketing expenses were noted as the company invests in AI technology and new product market expansion[9] - The company emphasizes the need for time to scale new business products due to market conditions and customer decision cycles[8] Expenses - The company incurred a total of RMB 4,419.36 million in expenses related to employee stock options and convertible bond interest, impacting net profit[9]

Core Viewpoint - New Wisdom Software (688590.SH) reported a total operating revenue of 2.117 billion yuan for the fiscal year 2025, reflecting a year-on-year increase of 6.09%, while the net profit attributable to shareholders decreased significantly by 1,577.02% to -120 million yuan [1] Financial Performance - The company achieved total operating revenue of 2.117 billion yuan, which is a 6.09% increase compared to the previous year [1] - The net profit attributable to the parent company was -120 million yuan, showing a drastic decline of 1,577.02% year-on-year [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses was -136 million yuan [1] Business Strategy - The company is committed to a "comprehensive embrace of artificial intelligence" development strategy, aiming to integrate AI technology deeply with its core business while maintaining its traditional IT solutions [1] - Revenue growth is primarily driven by innovative business and IT product sales, as well as value-added services [1] Challenges - The new business initiatives are influenced by industry characteristics and market conditions, requiring time for large-scale commercial implementation [1] - The high degree of customization in related projects leads to revenue recognition being dependent on client acceptance, which is affected by client budget and decision-making cycles [1] - As a result, the scale and profitability of new business have not met expectations, contributing to a decline in overall gross margin [1]

Core Viewpoint - The company reported a total operating revenue of 2.117 billion yuan for the fiscal year 2025, reflecting a year-on-year increase of 6.09% [1] Financial Performance - Operating profit was -120 million yuan, a significant decrease of 1484.94% year-on-year [1] - Total profit amounted to -121 million yuan, showing a decline of 2105.69% compared to the previous year [1] - Net profit attributable to the parent company's shareholders was -120 million yuan, down 1577.02% year-on-year [1] Assets and Equity - At the end of the reporting period, total assets reached 3.229 billion yuan, an increase of 4.06% from the beginning of the year [1] - Equity attributable to the parent company's shareholders was 1.372 billion yuan, which decreased by 5.88% from the start of the year [1] Reasons for Performance Changes - The performance changes were primarily due to the new business scale and profitability not meeting expectations, along with increased provisions and investments [1]

Core Viewpoint - The AI wave is impacting the software industry, leading to changes in market sentiment and a significant sell-off in global software stocks, with the North American software index dropping approximately 15% in January 2026 [1] Group 1: Market Impact - The introduction of AI large model technology is expected to compress traditional software pricing, affecting enterprise-level products [1] - The software sector in A-shares is also experiencing the effects of this market sentiment shift [1] Group 2: Company Performance - New Zhi Software's stock price has shown volatility and a rebound in the past week, closing at 18.05 yuan on February 11, 2026, with a daily increase of 0.39% [1] - Over the past five days, New Zhi Software's stock has increased by 2.04%, but it has decreased by 27.22% over the past 20 days [1] - Specific stock movements include a drop of 2.32% on February 5, closing at 17.28 yuan, with a net outflow of 2.1487 million yuan that day [1] - The stock further declined by 1.04% on February 6, reaching a low of 16.76 yuan, before rebounding with increases of 3.04% on February 9 and 2.04% on February 10 [1] - The stock's trading range has shown a volatility of 9.33%, indicating significant market sentiment fluctuations [1] Group 3: Sector Performance - The software development sector has seen a slight decline of 0.21% over the past five days, underperforming compared to the broader market, as the Shanghai Composite Index rose by 0.62% [1]

Core Viewpoint - Shanghai New Touch Software Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price meeting specific criteria, leading to a decision to redeem all outstanding bonds at face value plus accrued interest [2][9]. Group 1: Convertible Bond Redemption - The company’s stock price from January 16 to February 5, 2026, met the condition of being at least 130% of the current conversion price of 10.53 CNY per share, specifically reaching 13.69 CNY per share for 15 out of 30 trading days [2][8]. - The board of directors convened on February 5, 2026, and approved the proposal to exercise the right of early redemption for the convertible bonds [9]. - Investors holding the convertible bonds can either trade them in the secondary market or convert them at the conversion price of 10.53 CNY per share, or face mandatory redemption at 100 CNY per bond plus accrued interest [2][9]. Group 2: Convertible Bond Issuance Overview - The company issued a total of 4,848,100 convertible bonds at a face value of 100 CNY each, raising a total of 484.81 million CNY, with trading commencing on November 2, 2022 [3]. - The bonds have a maturity period from September 27, 2022, to September 26, 2028, with a tiered interest rate structure starting at 0.5% in the first year and increasing to 3.0% by the sixth year [3]. Group 3: Conversion Price Adjustments - The conversion price has been adjusted multiple times due to various corporate actions, with the latest adjustment setting it at 10.53 CNY per share [4][5][6].

Group 1 - The company announced an early redemption of its convertible bonds, "New Zhisoft Convertible Bonds," at a price of 100 yuan per bond plus accrued interest [2] - The redemption date is set for February 5, 2026, with further details on the redemption registration and procedures to be announced later [2] - Investors have the option to trade in the secondary market or convert the bonds at a rate of 10.53 yuan per share; otherwise, they will face mandatory redemption [2]

上海新致软件股份有限公司（以下简称"公司"或"新致软件"）股票 自 2026 年 1 月 16 日至 2026 年 2 月 5 日期间，满足连续三十个交易日中有十五 个交易日的收盘价不低于"新致转债"当期转股价 10.53 元/股的 130%（含 130%）， 即 13.69 元/股，已触发"新致转债"的有条件赎回条款。根据《上海新致软件股 份有限公司向不特定对象发行可转换公司债券募集说明书》（以下简称"《募集 说明书》"）中的条件赎回条款的相关约定，已触发"新致转债"提前赎回条件。 公司已于 2026 年 2 月 5 日召开第四届董事会第三十一次会议，审议通过 了《关于提前赎回"新致转债"的议案》，决定行使提前赎回权利，按照债券面值 加当期应计利息的价格对赎回登记日登记在册的"新致转债"全部赎回。 投资者所持"新致转债"除在规定时限内通过二级市场继续交易或按照 10.53 元/股的转股价格进行转股外，仅能选择以 100 元/张的票面价格加当期应 计利息被强制赎回。若被强制赎回，可能面临较大投资损失。 一、可转债发行上市概况 | 证券代码：688590 | 证券简称：新致软件 | 公告编号：2026-009 ...

长江证券承销保荐有限公司 关于上海新致软件股份有限公司 提前赎回"新致转债"的核查意见 长江证券承销保荐有限公司（以下简称"长江保荐"、"保荐机构"）作为上海 新致软件股份有限公司（以下简称"新致软件"、"公司"）2022 年向不特定对象发 行可转换公司债券的保荐机构，根据《可转换公司债券管理办法》《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》及《上海证券交易所上 市公司自律监管指引第 12 号——可转换公司债券》等有关规定，对新致软件本 次提前赎回"新致转债"的事项进行了审慎核查，核查情况及核查意见如下： 一、可转债发行上市概况 经中国证券监督管理委员会《关于同意上海新致软件股份有限公司向不特定 对象发行可转债注册的批复》（证监许可［2022］1632 号）同意注册，公司向 不特定对象共计发行 4,848,100 张可转换公司债券，每张面值为人民币 100 元， 按面值发行，募集资金总额为人民币 48,481.00 万元。 经上海证券交易所自律监管决定书［2022］292 号文同意，公司本次发行的 48,481.00 万元可转换公司债券已于 2022 年 11 月 2 日起在上海证券交 ...

Market Overview - The software development sector experienced a decline of 2.45% on January 30, with New Zhisoft leading the drop [1] - The Shanghai Composite Index closed at 4117.95, down 0.96%, while the Shenzhen Component Index closed at 14205.89, down 0.66% [1] Stock Performance - Notable gainers in the software development sector included: - *ST Huike (300561): Closed at 17.72, up 6.43% with a trading volume of 148,400 shares and a transaction value of 259 million [1] - *ST Guohua (000004): Closed at 12.62, up 4.99% with a trading volume of 55,300 shares [1] - Yingfang Software (688435): Closed at 61.91, up 4.19% with a trading volume of 63,600 shares [1] - Significant decliners included: - New Zhisoft (688590): Closed at 18.95, down 10.82% with a trading volume of 238,700 shares and a transaction value of 46.2 million [2] - Keda Automation (920932): Closed at 19.86, down 6.10% with a trading volume of 38,500 shares [2] - Deepin Technology (300454): Closed at 160.67, down 5.23% with a trading volume of 174,000 shares and a transaction value of 2.776 billion [2] Capital Flow - The software development sector saw a net outflow of 5.195 billion from institutional investors, while retail investors contributed a net inflow of 4.201 billion [2] - The capital flow for specific stocks showed: - Wanxing Technology (300624): Net inflow from institutional investors was 10.8 million, while retail investors had a net outflow of 12.4 million [3] - Xinghuan Technology (688031): Institutional net inflow was 71.7 million, with retail investors showing a net outflow of 5.7 million [3] - *ST Guohua (000004): Institutional net inflow was 15.9 million, while retail investors had a net outflow of 722.88 million [3]