证券之星消息，9月12日软件开发板块较上一交易日下跌0.49%，安博通领跌。当日上证指数报收于 3883.69，上涨0.22%。深证成指报收于12996.38，上涨0.13%。软件开发板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 688631 | 菜斯信息 | 88.65 | 7.01% | 4.65万 | | 4.05亿 | | 688171 | 纬德信息 | 56.75 | 6.57% | 2.67万 | | 1.50亿 | | 300344 | ST立方 | 5.55 | 6.12% | 35.29万 | | 1.95亿 | | 002298 | 中电鑫龙 | 10.37 | 5.60% | 100.88万 | | 10.24亿 | | 300454 | 深信服 | 123.24 | 4.18% | 12.73万 | | 15.67亿 | | 300598 | 诚迈科技 | 55.01 | 4.03% | 15.92万 | | 8.74亿 | | 0 ...

Market Overview - The Shanghai Composite Index closed at 3870.60 points, slightly above the six-month moving average, with a change of -0.12% [1] - The total trading volume of A-shares reached 25,483.12 billion yuan [1] Stocks Breaking the Six-Month Line - A total of 50 A-shares have surpassed the six-month moving average today, with notable stocks including Shanghai Construction, Yihualu, and Runjian Shares, showing divergence rates of 9.89%, 9.08%, and 9.07% respectively [1] - Stocks with smaller divergence rates that just crossed the six-month line include Zhuhai Port, Zhongzhou Special Materials, and Nanjing Chemical Fiber [1] Top Performers - Shanghai Construction (600170) saw a price increase of 9.96% with a turnover rate of 6.20% and a divergence rate of 9.89% [1] - Yihualu (300212) increased by 10.90% with a turnover rate of 12.71% and a divergence rate of 9.08% [1] - Runjian Shares (002929) rose by 9.99% with a turnover rate of 10.76% and a divergence rate of 9.07% [1] Additional Notable Stocks - Other significant gainers include Huafu Times (600169) with a 10.08% increase and a divergence rate of 7.82%, and Shang (002042) with a 10.06% increase and a divergence rate of 7.70% [1] - The stock of Fule New Materials (605488) rose by 10.01% with a divergence rate of 6.93% [1] Stocks with Lower Divergence Rates - Stocks like Zhonghuan Hailu (301040) and Baitong Energy (001376) showed increases of 1.91% and 1.55% respectively, with divergence rates of 1.09% and 1.00% [2] - Longyuan Construction (600491) increased by 1.91% with a divergence rate of 0.97% [2]

Investment Rating - The report maintains an "Accumulate" rating for the company with a target price of RMB 96.42 per share [1][5][24] Core Views - The company's performance in the first half of 2025 was under pressure, with revenue and net profit declining significantly due to seasonal factors and delayed payments from government projects [1][2] - The company is positioned as a leader in low-altitude information services, with ongoing expansion of its "Tianmu" system across various provinces and cities, which is expected to improve performance in the second half of the year [1][2] - The report highlights the company's strong gross margin improvement and increased R&D investment, indicating a focus on innovation and high-margin business segments [3][4] Summary by Sections Financial Performance - In 1H25, the company reported revenue of RMB 4.57 million and a net loss of RMB 0.31 million, representing a year-on-year decline of 28.4% and an expanded loss [1] - The gross margin for 1H25 was 26.65%, an increase of 4.76 percentage points year-on-year, attributed to a shift towards higher-margin business segments [3] Business Segments - The company's information system development business generated RMB 3.96 million in revenue in 1H25, down 30% year-on-year, with notable contributions from civil aviation and urban traffic management sectors [2] - The report emphasizes the successful implementation of the "Tianmu" solution in various cities and the acquisition of a national-level project, enhancing the company's market position [2] Future Outlook - The company is expected to consolidate its core business and advance local low-altitude information construction, with significant market opportunities projected in the civil aviation sector [4] - The report forecasts a compound annual growth rate (CAGR) for the civil aviation control business of 31.34% from 2024 to 2026, indicating strong growth potential [5][19] Valuation - The report employs a sum-of-the-parts (SOTP) valuation method, projecting a target market value of RMB 157.63 billion for the company, corresponding to a target price of RMB 96.42 per share [5][24]

事件：公司发布2025 年半年报。2025 年上半年，公司实现营收4.57 亿元(同比-28.37%)，归母净利 润-0.31 亿元(同比-473.5%)。单季度看，25Q2公司实现营收3.48 亿元(同比-11.44%)；归母净利润-0.16 万元(同比-258.83%)。 城市治理&道路交通业务减少及确收进度延迟导致业绩承压，研发投入持续增加。25 年上半年，公司 持续受到城市治理、道路交通运输两大板块业务减少及确收进度延迟导致的应收账款坏账计提等影响， 公司业绩持续承压，但多数核心项目有望在下半年陆续验收，维持公司整体业绩稳定。公司2025 年半 年度确认信用减值损失和资产减值损失共计2244.22 万元，其中应收账款坏账损失2543.01 万元。公司持 续加大研发投入，上半年研发费用为0.71 亿元(同比+3.93%)，研发费用率为15.56%(同比+4.84pct)。 低空重点项目持续突破，发布"天牧"大模型全面参与电科低空计划。公司落地湖北省军地民协同系统、 南京市、扬州市、文成县等多个低空项目；助力南京市低空飞行服务平台正式上线，具备同时保障5 万 架次低空飞行能力，成为全国率先投入实战应用的市 ...

2025年8月29日，莱斯信息(688631.SH)发布2025年中报。 公司营业总收入为4.57亿元，在已披露的同业公司中排名第51，较去年同报告期营业总收入减少1.81亿元，同比较去年同期下降28.37%。归母净利润 为-3126.67万元，在已披露的同业公司中排名第74，较去年同报告期归母净利润减少2581.48万元。经营活动现金净流入为-4.72亿元，在已披露的同业公司中 排名第117，较去年同报告期经营活动现金净流入减少6385.49万元。 公司最新毛利率为26.65%，在已披露的同业公司中排名第98，较上季度毛利率减少9.87个百分点，较去年同期毛利率增加6.12个百分点。最新ROE 为-1.71%，在已披露的同业公司中排名第76，较去年同期ROE减少1.40个百分点。 公司最新总资产周转率为0.13次，在已披露的同业公司中排名第63，较去年同期总资产周转率减少0.05次，同比较去年同期下降27.76%。最新存货周转率为 1.00次，在已披露的同业公司中排名第81，较去年同期存货周转率减少0.14次，同比较去年同期下降12.42%。 公司股东户数为9573户，前九大股东持股数量为1.23亿股，占总 ...

Core Viewpoint - 莱斯信息 reported a significant decline in revenue and increased losses in the first half of 2025, primarily due to reduced sales in the urban traffic management sector [1][2]. Financial Performance - The company achieved operating revenue of 456.64 million yuan, a year-on-year decrease of 28.37% [2]. - The net profit attributable to shareholders was -31.27 million yuan, a year-on-year increase in losses [2]. - The net profit after deducting non-recurring gains and losses was -35.18 million yuan, also reflecting an increase in losses compared to the previous year [2]. - The net cash flow from operating activities was -472.32 million yuan, worsening from -408.47 million yuan in the same period last year [2]. Segment Performance - In Q2 2025, the company reported operating revenue of 348 million yuan, down 11.44% year-on-year [3]. - The net profit attributable to shareholders for Q2 was -16 million yuan, a decline of 258.83% year-on-year [3]. - Revenue from civil aviation air traffic management products was 228 million yuan, accounting for 50.0% of total revenue, while urban traffic management products generated 129 million yuan, representing 28.3% of total revenue [3]. - The decline in civil aviation air traffic management revenue was attributed to reduced sales in urban traffic management [3]. Business Structure - The company continues to focus on three main business segments: civil aviation air traffic management, urban traffic management, and urban governance, while also seizing opportunities in the "low-altitude economy" [3]. - Domestic market revenue accounted for 95.1% of total revenue, with international business contributing only 4.9% [3]. Research and Development - R&D investment totaled 71 million yuan, a year-on-year increase of 3.93%, representing 15.56% of operating revenue, up 4.84 percentage points from the previous year [3]. - The number of R&D personnel was 307, making up 35.95% of the total workforce, with an average salary of 148,500 yuan, slightly down from the previous year [4]. - The company holds 153 authorized patents, including 136 invention patents, and has 34 core technologies across its business areas [4]. Project Updates - The new generation smart civil aviation platform project has incurred an investment of 158.20 million yuan, with a progress of 50.20%, expected to be operational by January 2027 [4]. - The smart traffic control platform project has seen an investment of 67.09 million yuan, with a progress of 42.66%, expected to be operational by May 2027 [4]. - The public credit big data support and service platform project has incurred an investment of 17.79 million yuan, with a progress of 25.11%, expected to be operational by June 2027 [4]. Stock Information - As of August 28, 2025, the stock price of 莱斯信息 was 92.39 yuan per share, with a total market capitalization of 15.103 billion yuan [6].

Group 1 - The core viewpoint of the article is that 莱斯信息 (688631.SH) reported a significant decline in revenue and an increase in net loss for the first half of 2025 compared to the previous year [1] Group 2 - The company achieved an operating revenue of 457 million yuan in the first half of 2025, representing a year-on-year decrease of 28.37% [1] - The net profit attributable to shareholders of the parent company was -31.27 million yuan, which is an increase in loss of 25.81 million yuan compared to the same period last year [1] - The basic earnings per share were -0.19 yuan [1]

证券代码：688631 证券简称：莱斯信息 公告编号：2025-039 南京莱斯信息技术股份有限公司 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、准确性和完整性依法承担法律责任。 根据《上市公司募集资金监管规则》《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》《上海证券交易所科创板股票上市规则》等有关 法律、法规及相关文件的规定，南京莱斯信息技术股份有限公司（以下简称"公 司"）就 2025 年半年度募集资金存放、管理与实际使用情况的专项报告说明如 下： 一、募集资金基本情况 （一）实际募集资金金额和资金到账时间 （二）募集资金使用和结余情况 | 本期发生额 | 项目投入 | C1 | 6,120.00 | | --- | --- | --- | --- | | 利息收入净额 | | C2 | 441.71 | | 截至期末累计发生额 | 项目投入 | D1=B1+C1 | 43,162.89 | | 利息收入净额 | | D2=B2+C2 | 3,047.79 | | 应结余募集资金 | | E=A-D1+D2 | 56,864. ...

单位：元 项 目 本期计提金额 信用减值损失 应收票据坏账损失 -2,910,302.99 应收账款坏账损失 25,430,051.58 其他应收款坏账损失 -351,640.09 长期应收款坏账损失 -1,349,171.28 小计 20,818,937.22 资产减值损失 存货跌价损失及合同履约成本减 值损失 1,627,293.66 合同资产减值损失 -4,055.10 小计 1,623,238.56 合计 22,442,175.78 证券代码：688631 证券简称：莱斯信息 公告编号：2025-040 南京莱斯信息技术股份有限公司 关于 2025 年半年度计提资产减值准备的公告 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、准确性和完整性依法承担法律责任。 一、计提资产减值准备情况概述 结合公司的实际经营情况及行业市场变化等因素的影响，根据《企业会计准 则》及南京莱斯信息技术股份有限公司（以下简称"公司"）会计政策、会计估 计的相关规定，为客观、公允地反映公司截至 2025 年 6 月 30 日的财务状况和经 营成果，公司及子公司对截至 202 ...

南京莱斯信息技术股份有限公司 关于公司2025年度提质增效重回报专项行动方案的半年度 评估报告 为践行"以投资者为本"的上市公司发展理念，促进公司实现高质量和可持 续发展，为股东创造长期可持续的价值，南京莱斯信息技术股份有限公司（以下 简称"莱斯信息"或"公司"）于 2025 年 4 月 26 日发布了《2025 年度"提质 增效重回报"行动方案》（以下简称"行动方案"）。公司切实践行行动方案有 关举措，现就 2025 年上半年取得的成效进行评估并编制本报告，具体内容如下： 一、聚焦主责主业，开拓发展新局 公司聚焦民航空中交通管理、城市道路交通管理及城市治理三大核心业务领 域，通过深化业务布局与能力建设，巩固基本盘优势，提升核心竞争力；同时积 极把握"低空经济"等新兴产业发展机遇，全力推动业务创新与突破，进一步巩 固并扩大国内市场领先地位。 （一）优化产业布局，提升经营效能 公司秉承"智能指挥控制国家队"战略定位，在民航空中交通管理、城市道 路交通管理、城市治理三大业务领域不断深耕积淀，提速推进产业协同发展体系， 划定产业发展方向、确定核心产品体系、规划具体实施路径，持续拓展市场版图， 强化创新驱动，推动高质 ...