第八届董事会第四十七次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 证券代码：002065 证券简称：东华软件 公告编号：2025-074 东华软件股份公司 东华软件股份公司（以下简称"公司"）第八届董事会第四十七次会议于 2025 年 12 月 11 日以电子邮件的方式发出会议通知和会议议案，会议于 2025 年 12 月 12 日上午 10:00 以通讯表决的方式召开。根据《公司章程》的有关规定并 经全体董事一致同意，本次董事会会议豁免通知时限要求。会议应到董事 9 人， 实到 9 人，会议由董事长薛向东主持。本次会议的召开及表决程序符合《公司法》、 《公司章程》及《董事会议事规则》的有关规定。 二、董事会会议审议情况 本次会议与会董事经过认真审议，通过如下决议： 1、会议以 9 票同意、0 票反对、0 票弃权，审议通过了《关于子公司向银 行申请综合授信及担保的议案》； 详见 2025 年 12 月 13 日刊登在《中国证券报》、《证券日报》、《证券时 报》、《上海证券报》及巨潮资讯网（www.cninfo.com.cn）上的《关于子公司 ...

Core Viewpoint - Donghua Software has established a new subsidiary, Donghua Software (Tacheng) Co., Ltd., with a registered capital of 50 million yuan, focusing on network and information security software development and related hardware manufacturing [1] Company Summary - The newly formed company has a registered capital of 50 million yuan [1] - The business scope includes the development of network and information security software, manufacturing of computer hardware and peripherals, and wholesale of computer hardware and auxiliary equipment [1] - The shareholders of the new company are Donghua Software and its subsidiary, Donghua Cloud Computing Co., Ltd. [1]

Investment Rating - The report does not explicitly state an investment rating for the smart hospital industry in China Core Insights - The smart hospital industry in China is transitioning from a tool revolution to an ecosystem revolution, with companies like Weining Health and Donghua Software competing in the digital hospital solution market [1] - The AI healthcare ecosystem is supported by infrastructure development and data collection, enhancing diagnostic efficiency and service quality to address issues like resource shortages and aging populations [4] - Despite a slowdown in overall healthcare investment since 2022 due to geopolitical tensions and more realistic technology expectations, the "AI + healthcare" sector continues to attract significant investment driven by demand and technology [4][10] Summary by Sections Research Purpose and Overview - The report aims to explore the market hotspots, sub-industry conditions, and competitive landscape of the smart hospital industry in China [2][3] Global and Chinese Smart Hospital Industry Development - The global smart hospital industry is experiencing rapid advancements in AI technology, leading to a shift towards intelligent, digital, and information-driven healthcare [5] - The Chinese smart hospital industry is characterized by a diverse range of players and significant potential for growth, particularly in AI integration and digital infrastructure [24] AI Healthcare Investment Environment - Investment in the AI healthcare sector peaked in 2021 with a total financing amount of 97.41 billion yuan and 380 financing events, but saw a decline in 2022 due to various global challenges [10][8] - The financing rounds for AI healthcare in China are primarily concentrated in early stages, with a shift towards later rounds as investors seek more certainty [12] Smart Hospital Information Technology Applications - New application technologies in hospitals, such as outpatient dispensing machines and AI in medical imaging, show significant regional disparities, with developed areas exhibiting over twice the application rates compared to less developed regions [14][15] - The integration of AI in hospital information systems is expected to increase, with software and service investments likely to rise as digital infrastructure improves [24] Automated Pharmacy Market - The penetration rate of automated pharmacies in China is currently low, but there is substantial potential for growth as healthcare infrastructure expands and AI technologies are further integrated [20][21] - Leading companies in the automated pharmacy sector are leveraging diverse product offerings and channel expansion to maintain market positions [26] Company Comparisons in Hospital Information Technology - The report provides a comparative analysis of key players in the hospital information technology sector, highlighting their strengths and areas of focus, such as Weining Health's comprehensive solutions in HIS systems and AI [24] Company Comparisons in Automated Pharmacy - A competitive landscape analysis of automated pharmacy companies reveals varying strengths, with companies like Jianhui Information and Ailong Technology leading in integrated solutions and market presence [26]

Core Viewpoint - The A-share market experienced a rebound on December 8, with the financial technology ETF Huatai (159103) opening higher and achieving a three-day consecutive increase, closing up by 1.03% after rising over 2% at one point [1]. Group 1: Financial Technology ETF Performance - The financial technology ETF Huatai (159103) showed strong performance, with significant gains in its component stocks, including Sifang Jingchuang and Yinzhijie, which rose over 3%, and Hengsheng Electronics, which increased over 2% [6]. - The index of the financial technology ETF covers various sectors, including internet brokerage, financial IT, AI applications, and cross-border payments, highlighting its high elasticity and growth potential in a favorable liquidity environment [7]. Group 2: Regulatory Changes Impacting Insurance Companies - Recent adjustments to the risk factors for insurance companies' stock investments aim to enhance their solvency and encourage long-term capital investment in the equity market. The risk factor for stocks held over three years has been reduced from 0.3 to 0.27, and for stocks held over two years, it has been lowered from 0.4 to 0.36 [4]. - The adjustments are expected to release a minimum of 326 billion yuan in capital, with potential market inflows of 1,086 billion yuan if the insurance funds increase their allocation to the CSI 300 index stocks [5].

Group 1 - The core viewpoint is that the financial technology sector is experiencing strong growth, with the China Securities Finance Technology Theme Index rising by 2.48% and several constituent stocks showing significant gains [1] - The China Securities Regulatory Commission (CSRC) announced on December 6 that it will enhance classified regulation, optimize evaluation indicators for quality institutions, and moderately expand capital space and leverage limits to improve capital utilization efficiency [1] - Non-bank financials are currently undervalued, providing a safety margin, with the insurance sector benefiting from economic recovery and rising interest rates, particularly in health and pension insurance [1] Group 2 - The Financial Technology ETF closely tracks the China Securities Finance Technology Theme Index, which reflects the overall performance of listed companies in the financial technology sector [2] - As of November 28, 2025, the top ten weighted stocks in the index account for 53.31% of the total, including companies like Tonghuashun and Dongfang Caifu [2]

Core Insights - Donghua Software (Tacheng) Co., Ltd. has been established with a registered capital of 50 million yuan, and its legal representative is Cui Yulu [1][2] Company Overview - The company is co-owned by Donghua Software and Donghua Cloud Computing Co., Ltd. [1][2] - The business scope includes software development, technical services, technical consulting, software sales, network and information security software development, and various other technology-related services [1][2] Business Activities - The company engages in the manufacturing and sales of computer hardware and software, cloud computing equipment, and information security devices [1][2] - It also provides services in smart control system integration, smart agriculture management, big data services, data processing, and internet data services [1][2] - Additional activities include the sale of second-class medical devices, information system maintenance, system integration services, and IoT technology services [1][2]

Core Viewpoint - The company emphasizes the importance of continuous innovation in high-tech industries to avoid obsolescence and aims to invest approximately 8% of annual sales revenue in R&D, focusing on AI technology, product innovation, and business model innovation [2][8]. Group 1: Strategic Direction - The company adopts an "All in AI" strategy, positioning itself as a leader in industry large models, akin to Palantir, and aims to leverage AI as a core force for industry transformation [3][6]. - The company believes that the current AI revolution presents a significant business opportunity, and its strategy is based on precise positioning rather than following trends blindly [6][7]. Group 2: Collaboration and Partnerships - The company has a long-standing strategy of collaborating with major tech firms like IBM, Microsoft, Huawei, and Tencent, which has been crucial for its growth and ability to capture industry trends [3][5]. - The partnership with Moore Threads exemplifies the company's philosophy of mutual benefit, combining software capabilities with hardware needs to enhance AI applications [4][5]. Group 3: Internal Growth and Efficiency - The company focuses on internal growth through innovation, maintaining an annual R&D investment of around 8% of sales revenue, and aims to optimize industry large models for various sectors including healthcare and finance [8][9]. - AI is integrated into daily operations to improve efficiency, allowing the company to reduce the workforce needed for tasks like coding, thereby reallocating resources to further AI model development [6][8]. Group 4: Mergers and Acquisitions - The company employs a dual strategy of internal growth and external expansion through acquisitions, specifically targeting firms that can enhance its AI capabilities and market reach [8][9]. - An example of successful acquisition is the purchase of ShenZhou New Bridge, which has significantly increased its revenue and profit, demonstrating effective synergy [9]. Group 5: Social Responsibility - The company integrates ESG principles into its operations, employing over 100 disabled individuals, which reflects its commitment to social responsibility while also enhancing its corporate image [9].

Group 1 - Donghua Software announced the establishment of "Donghua Software (Tacheng City) Co., Ltd." with a total investment of 50 million RMB, where Donghua Software contributes 49.5 million RMB (99% of registered capital) and its subsidiary Donghua Cloud contributes 500,000 RMB (1% of registered capital) [1] - For the first half of 2025, Donghua Software's revenue composition is as follows: Financial Health Industry 61.15%, Government and Public Sector 21.98%, Telecommunications Industry 7.08%, Other Industries 6.13%, and Computer Services 3.61% [1] - As of the report date, Donghua Software's market capitalization is 32.6 billion RMB [1]

Group 1 - The total guarantee amount provided by Donghua Software and its subsidiaries is RMB 3.275 billion, which accounts for 26.31% of the company's audited net assets as of the end of 2024 [1] - For the first half of 2025, the revenue composition of Donghua Software is as follows: Financial health industry 61.15%, Government and public sector 21.98%, Telecommunications 7.08%, Other industries 6.13%, and Computer services 3.61% [1] - As of the report date, Donghua Software has a market capitalization of RMB 32.6 billion [1]

Core Points - The company announced the establishment of a new subsidiary, Donghua Software (Tacheng) Co., Ltd., with a total investment of 50 million yuan [1] - The company contributed 49.5 million yuan, holding a 99% stake, while its subsidiary Donghua Cloud Computing contributed 500,000 yuan for a 1% stake [1] - The investment aims to seize market opportunities and enhance competitiveness in the northwest market, although it requires approval from the industrial and commercial department, introducing some operational uncertainties [1]