Core Viewpoint - The announcement details the upcoming election for the seventh board of directors of Taiji Computer Co., Ltd., outlining the composition, election process, and qualifications for candidates [1][2][3][4]. Group 1: Board Composition - The seventh board of directors will consist of 9 members, including 6 non-independent directors (one of whom is a representative of employees) and 3 independent directors, with a term of 3 years starting from the election date [1]. Group 2: Election Method - The election will utilize a cumulative voting system, allowing shareholders to concentrate or distribute their voting rights according to the number of candidates [2]. Group 3: Candidate Nomination - Non-independent directors can be nominated by current board members or shareholders holding more than 1% of the company's issued shares, with a limit on the number of nominations [3]. - Independent directors can also be nominated by the current board, supervisory board, or shareholders holding more than 1% of the shares, with similar nomination limits [4]. Group 4: Election Procedure - Nominations must be submitted by October 23, 2025, after which the board's nomination committee will review candidates for eligibility [5]. - The board will then finalize the candidate list for shareholder approval at a general meeting [5][6]. Group 5: Director Qualifications - Candidates for non-independent directors must be natural persons with relevant experience and must not fall under disqualifying conditions such as criminal convictions or bankruptcy [7]. - Independent directors must meet additional independence criteria and possess relevant knowledge and experience, including a minimum of 5 years in legal, accounting, or economic fields [8][9]. Group 6: Required Documents for Nomination - Nominators must provide various documents, including a nomination letter, identification, and educational qualifications, along with specific documents for independent director candidates [11][12]. - If the nominator is a shareholder, additional documentation such as proof of shareholding is required [12]. Group 7: Contact Information - The announcement includes contact details for inquiries related to the nomination process [14].

证券代码：002368 证券简称：太极股份 公告编号：2025-030 太极计算机股份有限公司 关于董事会换届选举的提示性公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 太极计算机股份有限公司（以下简称"公司"）第六届董事会任期即将届满， 为顺利完成董事会的换届选举（以下简称"本次换届选举"），公司董事会依据 《公司法》《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律 监管指引第1号——主板上市公司规范运作》《公司章程》《董事会议事规则》 等相关规定，现将本次换届选举的相关事项公告如下： 一、第七届董事会的组成 根据《公司章程》的规定，公司第七届董事会拟由9名董事组成，其中，非 独立董事6名（含1名职工代表董事），独立董事3名（至少含1名会计专业人士）。 董事任期自公司股东大会选举通过之日起计算，任期3年。 二、董事的选举方式 根据《公司章程》的规定，本次董事选举采用累积投票制，即股东大会选 举非独立董事或独立董事时，每一股份拥有与拟选举非独立董事或独立董事人 数相同的表决权，股东拥有的表决权可以集中使用，也可以分开使用。 （二）在上述提名时间期 ...

Core Viewpoint - Tai Chi Co., Ltd. has experienced a stock price decline of 2.03% on October 14, with a current price of 28.05 CNY per share and a total market capitalization of 17.482 billion CNY [1] Financial Performance - For the first half of 2025, Tai Chi Co., Ltd. achieved a revenue of 3.782 billion CNY, representing a year-on-year growth of 44.69% [2] - The net profit attributable to shareholders for the same period was 9.6467 million CNY, showing a significant increase of 106.07% year-on-year [2] Stock and Shareholder Information - As of September 30, the number of shareholders for Tai Chi Co., Ltd. was 54,800, a slight decrease of 0.21% from the previous period [2] - The average number of circulating shares per shareholder increased by 0.21% to 11,312 shares [2] - Since its A-share listing, Tai Chi Co., Ltd. has distributed a total of 1.191 billion CNY in dividends, with 284 million CNY distributed over the last three years [3] Major Shareholders - As of June 30, 2025, the third-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 10.2397 million shares, an increase of 2.3256 million shares from the previous period [3] - The ninth-largest circulating shareholder is Southern CSI 1000 ETF, which is a new entrant with 4.0254 million shares [3] - Southern CSI 500 ETF and E Fund CSI Artificial Intelligence Theme ETF have exited the list of the top ten circulating shareholders [3] Market Activity - On October 14, the trading volume for Tai Chi Co., Ltd. was 330 million CNY, with a turnover rate of 1.88% [1] - The stock has seen an 18.92% increase in price year-to-date, with a 3.43% increase over the last five trading days [1]

Core Viewpoint - The A-share market has seen a significant rise in domestic software stocks, with notable gains from companies like Kingsoft Office and Chengmai Technology, driven by recent news related to the Ministry of Commerce's announcement [1][2]. Group 1: Stock Performance - Kingsoft Office (688111) led the sector with a rise of 17.84%, reaching a market capitalization of 162.1 billion [2]. - Chengmai Technology (300598) increased by 13.08%, with a total market value of 12.3 billion [2]. - Kirin Security (688152) saw an 11.44% gain, bringing its market cap to 6.0 billion [2]. - China Software (600536) rose by 10%, with a market capitalization of 50.7 billion [2]. - China Great Wall (000066) increased by 6.10%, with a market value of 57.2 billion [2]. - Other notable performers include Taiji Co. (002368) up 5.10%, Inspur Software (600756) up 4.93%, and Runhe Software (300339) up 4.86% [1][2]. Group 2: Market Drivers - The surge in software stocks coincided with a trending topic on Weibo regarding the Ministry of Commerce's announcement, which included a shift to WPS format for certain documents, sparking public interest [1][2]. - The announcement also included export controls on certain rare earth-related items with Chinese components, which may have implications for the tech sector [1][2].

Investment Rating - The report maintains a positive outlook for the computer industry, expecting a continued "scissor difference" in Q3 2025, indicating structural growth despite varying performance among companies [3][4][11]. Core Insights - The report predicts that 22% of the tracked companies will see net profit growth exceeding 50%, with notable performers including 深信服 (1528%), 卡莱特 (998%), and 新国都 (235%) [4][5]. - The report highlights a trend of cost reduction through layoffs and non-essential cost cuts, leading to improved efficiency and profitability across the industry [3][4]. - The report identifies key investment targets in various segments, including AIGC, digital economy leaders, and data innovation [3][4]. Summary by Sections Q3 2025 Performance Forecast - Among 54 tracked companies, 11 are expected to exceed 50% profit growth, while 9 will see growth between 30%-50% [4][5]. - 36% of companies are projected to have growth between 0%-30%, and 22% are expected to experience a decline [5][6]. Key Company Performances - 深信服 is projected to achieve a staggering 1528% profit growth, while 卡莱特 is expected to see 998% growth [4][5]. - Companies like 海康威视 and 金山办公 are expected to maintain stable growth rates of around 9% and 15%, respectively [8][10]. - 联想集团 is forecasted to face a significant decline of 99% in profit, indicating challenges in its operational strategy [6][10]. Investment Targets - The report categorizes investment targets into four segments: AIGC, digital economy leaders, data innovation, and AIGC computing power [3][4]. - Notable companies in the AIGC segment include 金山办公 and 道通科技, while 海光信息 and 软通动力 are highlighted in the data innovation category [3][4].

Investment Rating - The report maintains an "Accumulate" rating for the industry [5]. Core Insights - The urgency for domestic software innovation (信创) has significantly increased due to the U.S. imposing export controls on critical software and announcing a 100% tariff on Chinese imports starting November 1 [1][10]. - The domestic software market is projected to reach a scale of 2.66 trillion yuan by 2026, with a steady replacement rhythm of "2+8+N" in 2023 [2][20]. - Companies in the software sector have shown a recovery in Q2 2025, with notable revenue and profit growth, indicating a potential bottoming out of performance [3][22]. Summary by Sections Section 1: U.S. Export Controls and Domestic Urgency - The U.S. has announced export controls on all critical software, which has heightened the urgency for domestic software innovation in China [1][10]. - The specific details of the export controls are still pending, but they are expected to primarily affect foundational and high-end industrial software [1]. Section 2: Policy and Financial Tools - The "14th Five-Year Plan" emphasizes technological self-reliance, with significant financial tools being introduced to support emerging industries and infrastructure [2][16]. - A new policy financial tool with a scale of 500 billion yuan is being directed towards sectors like digital economy and artificial intelligence [16]. Section 3: Industry Performance and Positioning - Q2 2025 performance of key software companies indicates a recovery, with revenue growth rates such as 25% for China Software and 151% for Taiji Co. [22][23]. - Despite being a core area for AI, the computer sector has seen lower institutional allocation and growth compared to other TMT sectors [3][22]. Section 4: Companies to Watch - Recommended companies include China Software, Kingsoft, Dameng Data, and Taiji Co. in the critical software space, and Cambrian, Haiguang Information, and Zhongke Shuguang in domestic computing power [4][25].

Investment Rating - The report maintains a "Recommended" rating for the industry [4] Core Insights - The report highlights the significant impact of U.S. tariffs and export controls on Chinese products, particularly in the software and hardware sectors, emphasizing the need for domestic innovation and self-reliance [1] - The Chinese government is actively promoting domestic products through favorable procurement policies, including a 20% price deduction for local products in competitive bidding [1] - The report indicates that the domestic chip industry is gaining traction, particularly in the financial sector, with major projects like the Industrial and Commercial Bank of China's procurement of Huaguang chip servers valued at approximately 3 billion yuan [1] - The report notes a substantial increase in domestic server procurement by China Unicom, with 90.1% of the servers being domestically produced, reflecting a strong trend towards localization [2] - The report anticipates a turning point for the domestic innovation industry (Xinchang) driven by supportive policies and improving performance of listed companies in the sector [2][3] Summary by Sections - **Policy Support**: The government emphasizes high-level technological self-reliance as a key development focus, aiming to enhance core technology research and innovation capabilities [2] - **Market Performance**: Several listed companies in the Xinchang sector have shown improved performance compared to the previous year, indicating a positive outlook for the industry [3] - **Investment Recommendations**: The report suggests focusing on key players in the Xinchang sector, including China Software, Dameng Data, and others, as well as leaders in specific sub-sectors like industrial software and the Harmony OS ecosystem [3]

Investment Rating - The investment rating for the computer industry is "Positive" (maintained) [1] Core Insights - The report emphasizes the importance of investing in the domestic innovation sector due to increasing external pressures, including the U.S. imposing software export controls and tariffs on China [6][14] - Continuous policy support and funding are expected to accelerate the development of the industry, with significant government initiatives aimed at enhancing domestic production and technology independence [7][15] - Huawei's announcement of its chip development roadmap and the launch of the domestic operating system "Galaxy Kirin V11" indicate ongoing improvements in the domestic innovation ecosystem [8][16] Summary by Sections Market Review - During the week of October 9-10, 2025, the CSI 300 index fell by 0.51%, while the computer index decreased by 1.83% [5][13] Weekly Perspective - The report highlights the need to focus on investment opportunities in the domestic innovation sector, particularly in light of the U.S. export controls on critical software [6][14] Policy Catalysts - The Ministry of Industry and Information Technology and the State Administration for Market Regulation have issued plans to support the electronic information manufacturing industry, emphasizing the promotion of domestic products and technology [7][15] Company Dynamics - The report mentions that Sucen Technology has announced the acquisition of a 55% stake in Kunyu Lancheng Technology, indicating strategic expansion efforts [18] Investment Recommendations - Recommended domestic software companies include Kingsoft Office, Dameng Data, and others, while key domestic computing power companies include Haiguang Information and Inspur Information [9][17]

证券代码：002368 证券简称：太极股份 公告编号：2025-029 近日，公司收到吕翊先生的《关于减持期限届满暨未减持公司股份的告知 函》。截至本公告披露日，减持期限届满，吕翊先生未减持公司股份，所持公 司股份数量未发生变化。根据《上市公司董事、监事和高级管理人员所持本公 司股份及其变动管理规则》及《深圳证券交易所上市公司自律监管指引第 18 号 ——股东及董事、监事、高级管理人员减持股份》的有关规定，现将情况公告 如下： 太极计算机股份有限公司 关于公司高级管理人员减持期限届满暨未减持公司股份的公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 太极计算机股份有限公司（以下简称"公司"）于 2025 年 6 月 13 日在巨潮资 讯网披露了《关于公司高级管理人员减持股份的预披露公告》（编号：2025-020）， 公司高级管理人员吕翊先生计划自减持计划公告之日起 15 个交易日后的三个月 内以集中竞价交易或大宗交易方式合计减持公司股份不超过 211,832 股，占公司 总股本比例不超过 0.03%。 一、股东减持情况 1、股份来源：首发后非公开发行的股份， ...

Core Insights - The stock price of Taiji Co., Ltd. decreased by 2.09% on September 26, trading at 27.13 CNY per share with a market capitalization of 16.908 billion CNY [1] - The company has seen a year-to-date stock price increase of 15.02%, with a recent 20-day decline of 9.69% [1] Financial Performance - For the first half of 2025, Taiji Co., Ltd. reported a revenue of 3.782 billion CNY, representing a year-on-year growth of 44.69%, and a net profit attributable to shareholders of 9.647 million CNY, up 106.07% year-on-year [2] - The company has distributed a total of 1.191 billion CNY in dividends since its A-share listing, with 284 million CNY distributed over the past three years [3] Shareholder Information - As of August 29, 2025, the number of shareholders increased to 57,000, with an average of 10,893 circulating shares per shareholder, a decrease of 2.35% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 10.2397 million shares, an increase of 2.3256 million shares from the previous period [3]