Investment Rating - The report maintains a "Recommended" rating for the computer industry, indicating a potential upside of over 15% relative to the benchmark index [5]. Core Insights - The report highlights the significance of recent equity transfers between major state-owned enterprises (SOEs), which are expected to enhance resource synergy and collaboration in the digital transformation sector [1][2]. - The strategic cooperation agreement signed between Taiji Technology and Deep Sanda aims to leverage their strengths in areas such as cloud computing and digital transformation, contributing to the national digital economy [2][3]. - The report emphasizes the government's strong focus on SOE reform, with the recent equity transfers signaling an acceleration in this process and a commitment to enhancing innovation capabilities within the industry [3]. Summary by Sections Equity Transfers - Deep Sanda's major shareholder, China Electronics Group, transferred a total of 34.253 million shares, reducing its stake from 47.23% to 44.22% [1]. - Taiji Technology saw a transfer of 28.932 million shares, with China Electronics Group's stake decreasing from 38.76% to 34.11% [2]. Strategic Cooperation - The partnership between Taiji Technology and Deep Sanda is set to strengthen their collaboration in digital solutions, aiming to create a comprehensive digital strategy for the industry [2]. Policy Support - The report notes that the Chinese government is actively promoting SOE reforms, which are expected to lead to better resource allocation and innovation in the computer industry [3][4]. - The focus on enhancing core technologies and fostering a new system for national innovation is seen as a significant trend that will benefit the industry [4]. Investment Recommendations - The report suggests focusing on companies such as China Software, Putian Technology, and others that are well-positioned to benefit from the ongoing SOE reforms and digital transformation initiatives [4].

Core Viewpoint - Two major state-owned enterprises, China Electronics and China Electronics Technology Group, are deepening strategic cooperation through cross-shareholding to better serve the national digital economy development [2][9]. Group 1: Share Transfer Agreements - On November 9, 2023, Shen Sanda A announced that its controlling shareholder's action partner, China Electronics Investment Holdings, signed an agreement with China Electronics Technology Group to transfer a total of 3.01% of the company's shares [2][5]. - Concurrently, Taiji Co. announced that China Electronics Technology Group plans to transfer 4.64% of its shares to China Electronics Investment Holdings [2][7]. - The share transfer price for Shen Sanda A was set at 5.71 CNY per share, totaling approximately 196 million CNY, while Taiji Co.'s transfer price was 8.41 CNY per share, totaling about 252 million CNY [6][8]. Group 2: Financial Performance and Challenges - Shen Sanda A's financial performance has been under pressure, with a net profit of -299 million CNY for the first three quarters of 2025, a year-on-year decline of 136.01% [10][11]. - The company reported a revenue of 33.019 billion CNY, down 31.81% year-on-year, attributed to intense market competition and declining gross margins [10][11]. - The company has been experiencing a trend of increasing revenue without corresponding profit growth, with revenues from 2021 to 2024 showing consistent growth, but net profits remaining weak [10][11]. Group 3: Tax Liabilities and Future Outlook - Shen Sanda A's subsidiary was required to pay back taxes and penalties totaling approximately 112 million CNY, which will significantly impact the company's profits [11]. - The company is focusing on technology innovation and product development to meet market demands and drive digital transformation, with significant investments in R&D [12][13].

证券日报网讯深桑达Ａ11月10日在互动平台回答投资者提问时表示，根据《企业会计准则第28号——会 计政策、会计估计变更和差错更正》相关规定，补缴税款及滞纳金事项不属于前期会计差错，不涉及前 期财务数据追溯调整。 （文章来源：证券日报） ...

证券日报网讯深桑达A11月10日在互动平台回答投资者提问时表示，公司严格按照企业会计准则的相关 要求，合理充分计提应收账款减值准备及其他资产减值准备，公司财务报表及业绩承诺完成情况已经年 审会计师审计并发表了标准无保留意见。公司正在积极采取措施进行应收账款催收与压降以保证资金回 收。 ...

证券日报网讯深桑达A11月10日在互动平台回答投资者提问时表示，中电三公司深度开拓大健康及生物 医药领域洁净室建设市场，部分项目涉及医疗器械设备的采购、安装与调试等工作，未进行跨行经营。 ...

证券日报网讯深桑达A11月10日在互动平台回答投资者提问时表示，公司绝不存在联合机构做空自身股 价情况。二级市场股价影响因素较多，敬请投资者注意投资风险。 ...

就"近期于社区看到对贵公司联合机构做空股价的投诉，对此贵公司作何回复"问题，深桑达A在互动平 台回复称，公司绝不存在联合机构做空自身股价情况。 ...

Core Viewpoint - The company is actively expanding its presence in the cleanroom construction market within the health and biopharmaceutical sectors, focusing on projects related to medical device procurement, installation, and commissioning, without engaging in cross-industry operations [1] Group 1 - The company, 深桑达Ａ, is involved in the cleanroom construction market [1] - The focus is on the health and biopharmaceutical sectors [1] - Projects include procurement, installation, and commissioning of medical devices [1]

Core Viewpoint - The strategic cooperation between two major state-owned enterprises, China Electronics Technology Group (China Electric) and China Electronics Corporation, involves significant share transfers in listed companies, aiming to enhance industrial synergy and support national digital economy development [1][2][5]. Group 1: Share Transfer Details - China Electronics' subsidiary, Shenzhen Sanda Co., Ltd. (Deep Sanda A), disclosed a share transfer agreement where China Electric's subsidiary, China Electric Taiji (Group), will acquire 22.6795 million shares, representing 1.9930% of the total share capital [1][2]. - Additionally, China Electric's investment arm will acquire 11.573 million shares of Deep Sanda A, accounting for 1.0170% of the total share capital, with both transactions priced at 5.71 yuan per share [4]. - Following these transactions, China Electronics' stake in Deep Sanda A will decrease from 47.2314% to 44.2214%, while China Electric will hold 3.01% [4]. Group 2: Taiji Shares Transfer - China Electric Taiji announced a share transfer to China Electronics' subsidiary, where 19.1567 million shares will be transferred, representing 3.0738% of the total share capital, and another 9.7756 million shares will be transferred at 8.41 yuan per share [4][5]. - After the completion of these transactions, China Electric will hold 34.1149% of Taiji shares, maintaining its status as the actual controller, while China Electronics will indirectly control 4.6423% [5]. Group 3: Strategic Intent - Both companies stated that the share transactions aim to deepen strategic cooperation among state-owned enterprises, enhance industrial collaboration, and create a synergistic ecosystem to better serve the national digital economy [5]. - The transactions are subject to approval from the State-owned Assets Supervision and Administration Commission and compliance confirmation from the Shenzhen Stock Exchange [6]. Group 4: Company Background - China Electric, established in 2002 with a registered capital of 20 billion yuan, is a key state-owned enterprise directly managed by the central government, focusing on military electronics and national strategic technology [6]. - China Electronics, founded in 1989 with a registered capital of approximately 18.5 billion yuan, is also a significant state-owned enterprise with a core focus on information technology, employing around 189,000 staff and holding total assets of 476.46 billion yuan [7].

Group 1 - The company, 深桑达Ａ (000032.SZ), stated on the investor interaction platform that it does not engage in any collaboration with institutions to short its own stock price [1]