北京久其软件股份有限公司（以下简称"公司"）第九届董事会第二次会议 于 2025 年 10 月 28 日上午 9:30 在北京市海淀区文慧园甲 12 号公司 4 层会议室 以现场会议与通讯相结合的方式召开，会议通知已于 2025 年 10 月 17 日以电子 邮件及通讯方式送达各位董事。会议应出席董事 7 人，实际出席董事 7 人。会议 由董事长赵福君主持，在保证所有董事充分发表意见的前提下，以投票方式审议 表决。会议召开符合《公司法》及《公司章程》的规定，所作决议合法有效。 经与会董事认真审议，以投票表决方式通过了以下议案： 一、 会议以7票同意，0票反对，0票弃权，审议通过了《2025年第三季度报 告》。 证券代码：002279 证券简称：久其软件 公告编号：2025-041 北京久其软件股份有限公司 第九届董事会第二次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 1 《2025 年第三季度报告》详见 2025 年 10 月 29 日的信息披露媒体《中国证 券报》《证券时报》和巨潮资讯网（www.cninfo.com.cn）。 特此公告 北 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥733,575,546.12, a decrease of 24.14% compared to the same period last year[5] - The company reported a significant decrease in operating income of 41.60% year-on-year, primarily due to changes in client policies affecting revenue recognition methods[10] - Total operating revenue for the current period is ¥1,589,326,357.54, a decrease of 41.7% compared to ¥2,721,240,088.52 in the previous period[20] - Total operating costs for the current period are ¥1,644,387,845.84, down 44.8% from ¥2,978,859,365.77 in the previous period[20] - Operating profit for the current period is -¥41,444,731.12, an improvement from -¥247,202,823.60 in the previous period[21] - Net profit for the current period is -¥38,024,669.91, compared to -¥246,489,801.40 in the previous period, indicating a significant reduction in losses[21] - The weighted average return on equity was 3.39%, down from 9.06% in the previous year[5] Assets and Liabilities - Total assets decreased by 11.77% to ¥2,226,501,964.13 compared to the end of the previous year[5] - Total current assets decreased to ¥1,613,656,743.68 from ¥1,805,313,255.00[18] - The total assets of the company decreased from ¥2,523,615,668.48 to ¥2,226,501,964.13[18] - Non-current assets decreased from ¥718,302,413.48 to ¥612,845,220.45[18] - Total liabilities decreased to ¥801,159,375.22 from ¥1,082,256,806.89, reflecting a reduction of approximately 26%[19] - Total equity decreased slightly to ¥1,425,342,588.91 from ¥1,441,358,861.59, a decline of about 1.1%[19] Cash Flow - The cash flow from operating activities showed a net outflow of ¥309,416,266.76 year-to-date[5] - Operating cash flow for the current period was -309,416,266.76 CNY, an improvement from -455,977,118.06 CNY in the previous period[22] - Total cash inflow from operating activities was 2,883,545,008.13 CNY, down from 2,915,704,524.00 CNY year-over-year[22] - Cash outflow from operating activities totaled 3,192,961,274.89 CNY, compared to 3,371,681,642.06 CNY in the previous period[22] - Net cash flow from investing activities was 190,094,738.83 CNY, a decrease from 220,297,787.76 CNY year-over-year[22] - Cash inflow from financing activities was 39,295,000.00 CNY, significantly higher than 10,000,000.00 CNY in the previous period[23] - Net cash flow from financing activities improved to 18,323,855.71 CNY from -117,526,174.50 CNY year-over-year[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 93,327[14] - The largest shareholder, Beijing Jiuxi Technology Investment Co., Ltd., holds 11.29% of shares, totaling 97,301,009 shares[14] - The company has a total of 0 preferred shareholders at the end of the reporting period[16] - The company has no significant changes in the top 10 shareholders participating in margin trading[15] Research and Development - The company plans to continue focusing on R&D and market expansion strategies to improve future performance[10] - Research and development expenses for the current period are ¥184,184,130.31, down 15% from ¥216,880,176.43 in the previous period[21] Other Income and Expenses - The company received government subsidies amounting to ¥283,281.63 during the reporting period, contributing to other income[7] - Investment income decreased by 59.15% to ¥51.86 million, mainly due to reduced gains from the disposal of trading financial assets[10] - Other comprehensive income after tax for the current period is -¥201,614.32, compared to -¥39,315.43 in the previous period[21] - The total comprehensive income for the current period is -¥38,226,284.23, an improvement from -¥246,529,116.83 in the previous period[21] Inventory and Payables - The company reported an increase in inventory from ¥37,427,898.68 to ¥44,954,072.46[18] - Accounts payable decreased significantly from ¥525,641,444.96 to ¥279,173,526.56[18]

Group 1 - The domestic software sector experienced a significant surge in early trading, with Rongji Software hitting the daily limit up [1] - Other companies in the sector, such as Tax Friend Co., Geer Software, Nengke Technology, and Jiuqi Software, also saw notable increases [1]

Core Viewpoint - The company, Jiuqi Software, is actively involved in providing asset management services to various provincial governments in China, particularly focusing on the management of state-owned assets. Group 1: Company Performance - As of October 22, 2025, Jiuqi Software's stock closed at 7.26 yuan, down 3.71%, with a turnover rate of 8.71%, a trading volume of 688,200 shares, and a transaction value of 501 million yuan [1]. Group 2: Services Provided - The company has developed software services for the Hubei Provincial Finance Department to support the management of state-owned assets, specifically through the provision of a one-account-one-table software solution [2]. - Jiuqi Software also offers asset revitalization and debt management services to finance departments in other provinces, including Jilin and Chongqing, adhering to unified standards and policies [2]. Group 3: Market Activity - On October 22, 2025, there was a net outflow of 57.50 million yuan from major funds, indicating a trend of major investors exiting the market [3][4]. - Conversely, retail investors showed a net inflow of 36.47 million yuan, suggesting a contrasting sentiment among smaller investors [4].

Core Viewpoint - The company has no plans to enter the AIDC (Automatic Identification and Data Capture) industry [1] Company Summary - The company, Jiuqi Software (002279.SZ), stated on its investor interaction platform that it currently does not intend to venture into the AIDC sector [1]

Core Insights - The stock price of Jiuxi Software increased by 2.05% on October 21, reaching 7.47 CNY per share, with a total market capitalization of 6.441 billion CNY [1] - The company has seen a year-to-date stock price increase of 19.14%, with significant gains in the last five trading days (11.83%) and the last 20 days (7.79%) [1] Financial Performance - For the first half of 2025, Jiuxi Software reported a revenue of 856 million CNY, a year-on-year decrease of 51.22%, while the net profit attributable to shareholders was -75.39 million CNY, showing a year-on-year increase of 49.67% [2] - Cumulative cash dividends since the company's A-share listing amount to 214 million CNY, with no dividends paid in the last three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 6.08% to 101,500, while the average number of tradable shares per shareholder increased by 6.48% to 7,777 shares [2] - The fifth largest circulating shareholder is Hong Kong Central Clearing Limited, holding 12.1651 million shares, an increase of 3.7017 million shares compared to the previous period [3] Business Overview - Jiuxi Software, established on August 16, 1999, and listed on August 11, 2009, operates in sectors including e-government, group management, big data, mobile internet, mobile advertising services, and video application products [1] - The company's revenue composition includes information services (61.55%), technical services (30.39%), software products (6.66%), hardware products (0.93%), and other services (0.47%) [1] Market Position - Jiuxi Software is categorized under the software development industry, specifically in the horizontal general software segment, and is associated with concepts such as AMC (debt resolution), financial technology, and rural revitalization [1]

Core Viewpoint - Jiuqi Software's stock price has shown a significant increase this year, with a 19.94% rise, indicating positive market sentiment despite recent financial challenges [1][2]. Financial Performance - For the first half of 2025, Jiuqi Software reported a revenue of 856 million yuan, a year-on-year decrease of 51.22% [2]. - The company experienced a net loss attributable to shareholders of 75.39 million yuan, although this represents a 49.67% increase compared to the previous period [2]. Stock Market Activity - On October 20, Jiuqi Software's stock rose by 2.04%, reaching 7.52 yuan per share, with a trading volume of 394 million yuan and a turnover rate of 6.77% [1]. - The stock's market capitalization stands at 6.484 billion yuan [1]. - The stock has seen a net outflow of 322,500 yuan from major funds, with significant buying and selling activity from large orders [1]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased to 101,500, a reduction of 6.08% [2]. - The average number of circulating shares per shareholder increased by 6.48% to 7,777 shares [2]. Dividend History - Since its A-share listing, Jiuqi Software has distributed a total of 214 million yuan in dividends, with no dividends paid in the last three years [3]. Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited is the fifth-largest circulating shareholder, holding 12.1651 million shares, an increase of 3.7017 million shares from the previous period [3].

Market Overview - The main board led the gains with notable stocks such as Jiuqi Software (+10.03%), Xingsen Technology (+10.02%), and New Clean Energy (+10.01%) [1] - The ChiNext board saw significant increases with Changying Precision (+14.19%) and Weier High (+13.16%) [1] - The Sci-Tech Innovation board was led by Pinming Technology (+18.00%) and Hengshuo Co., Ltd. (+11.21%) [1] - Active sub-industries included SW Passive Components (+4.77%) and SW Printed Circuit Boards (+4.76%) [1] Domestic News - New Kai's subsidiary Qiyunfang launched two EDA design software with fully independent intellectual property, achieving a 30% performance improvement over industry benchmarks [1] - Advanced packaging factory K18B by Dayu Light in Kaohsiung commenced construction with a total investment of 17.6 billion NTD, expected to be completed by Q1 2028 [1] - China's Ministry of Commerce issued an export control announcement prohibiting Anshi Semiconductor and its subcontractors from exporting specific finished parts and subcomponents produced in China [1] - JD.com announced a collaboration with CATL and GAC Group to launch a new car on November 9, focusing on consumer insights and exclusive sales [1] Company Announcements - Haiguang Information reported a total operating income of 9.49 billion yuan for the first three quarters of 2025, a year-on-year increase of 54.65%, with a net profit of 1.961 billion yuan, up 28.56% [3] - Zhongke Shuguang's net profit for the first three quarters of 2025 was 955 million yuan, a 24.05% increase, attributed to optimized product structure and improved operational efficiency [3] - Tailin Micro announced an estimated operating income of approximately 766 million yuan for the first three quarters of 2025, a year-on-year increase of about 30%, with a net profit of around 140 million yuan, up 118% [3] - Yilian Network projected an operating income of 4.192 billion to 4.356 billion yuan for the first three quarters of 2025, a growth of 2%-6%, while net profit is expected to decline by 3%-8% [3] Overseas News - The semiconductor materials and equipment market is projected to reach approximately $70 billion by 2030, up from over $50 billion in 2025, with front-end materials expected to reach $56 billion [2] - Broadcom launched the industry's first Wi-Fi 8 chip solution aimed at the broadband wireless edge ecosystem, designed to meet the demands of AI-era edge networks [2] - IDC reported that global smartphone shipments reached 322.7 million units in Q3 2025, a year-on-year increase of 2.6%, driven by high-end market recovery [2] - Samsung Electronics reported an operating profit of 12.1 trillion KRW (approximately $8.5 billion) for Q3, a 31.8% year-on-year increase, with revenue growing by 8.7% [2]

Market Overview - The three major indices in China experienced a rise, with the Shanghai Composite Index increasing by 1.22% to return above 3900 points, the Shenzhen Component rising by 1.73%, and the ChiNext Index soaring by 2.35%. Over 4300 stocks in the market saw gains [1]. - The Hang Seng Technology Index also rebounded, gaining over 2% as internet technology stocks stopped their decline [2]. Economic Indicators - The Chinese yuan's midpoint rose to 7.10, the strongest level since November of the previous year. The Producer Price Index (PPI) for September showed a year-on-year decline of 2.3%, with the decline narrowing by 0.6 percentage points from the previous month. The core Consumer Price Index (CPI) increased by 1.0% year-on-year, marking the first return to 1% in nearly 19 months [3]. - U.S. Federal Reserve Chairman Jerome Powell indicated a potential for interest rate cuts this month, despite ongoing government shutdown impacts on economic assessments [3]. Sector Performance - The power equipment, automotive, electronics, and pharmaceutical sectors saw significant gains, while rare earth and military stocks underperformed [3]. - The innovative drug sector led the early market surge, with stocks like Guangsheng Tang and Shutaishen rising over 10%. Other notable performers included Jimin Health and Lianhuan Pharmaceutical, which hit the daily limit [5][7]. Investment Trends - The period of October to November is traditionally a peak season for business development (BD) transactions, with Chinese innovative drug BD transactions accounting for 15.37% of the global total by number and 51.73% by value as of August 17 [8]. - The domestic software sector also saw a significant uptick, with stocks like Junqi Software and Geer Software experiencing substantial gains [10]. Technology Sector Developments - The technology sector showed a strong recovery, particularly in power equipment, with stocks like Heshun Electric and Jinpan Technology hitting the daily limit [11]. - NVIDIA announced new specifications for its MGX architecture server, with over 20 industry partners showcasing new technologies, indicating a robust market for high-voltage direct current (HVDC) data centers [11]. - The robotics sector saw a surge, with companies like Sanhua Intelligent Control and Weikang Robot experiencing significant stock price increases [12]. Market Sentiment and Future Outlook - The market's recent volatility has led to increased sensitivity to events, but the recent adjustments may present better reallocation opportunities for investors [13]. - Historical patterns suggest that after significant downturns, markets often rebound strongly, as seen in April of this year [15][24]. - Investors are advised to monitor growth sectors like AI for potential rebounds, as these areas are likely to attract market interest once the current corrections conclude [18][20].

Market Overview - On October 15, the software development sector rose by 1.86%, with Pinming Technology leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Top Gainers in Software Development Sector - Pinming Technology (688109) closed at 118.00, up 18.00% with a trading volume of 60,500 shares and a transaction value of 681 million [1] - Jingwei Hengrun (688326) closed at 130.00, up 10.06% with a trading volume of 23,600 shares and a transaction value of 294 million [1] - Jiuqi Software (002279) closed at 7.35, up 10.03% with a trading volume of 855,400 shares [1] - Geer Software (603232) closed at 16.39, up 10.00% with a trading volume of 198,300 shares and a transaction value of 323 million [1] - Haochen Software (688657) closed at 60.32, up 9.63% with a trading volume of 64,200 shares [1] Market Capital Flow - The software development sector saw a net inflow of 893 million from institutional investors, while retail investors experienced a net outflow of 77.85 million [2][3] - The top stocks by net inflow from institutional investors included: - Jiuqi Software (002279) with a net inflow of 241 million, accounting for 38.98% of its trading volume [3] - Geer Software (603232) with a net inflow of 116 million, accounting for 35.87% of its trading volume [3] - Four-dimensional Tushin (002405) with a net inflow of 158 million, accounting for 10.11% of its trading volume [3]