Core Viewpoint - Han's Information (300170) has established a strong partnership with Oracle, being recognized as an "Oracle Platinum Partner," which enhances its capabilities in international business [1] Group 1: Partnership and Collaboration - The company has developed a good ecological cooperation with Oracle, complementing each other's product and service capabilities [1] - Han's Information has served numerous outstanding international and Chinese enterprises over its 20+ years of development [1] Group 2: Global Expansion and Localization - The company actively collaborates with partners, including Oracle, to quickly respond to local financial, tax, invoicing, and e-government needs as enterprises establish production and manufacturing bases globally [1] - Han's Information aims to transform the Chinese ecosystem into a global ecosystem through its partnerships [1]

Core Insights - On September 22, brokerages set target prices for listed companies, with notable increases for Gao Weida, SAIC Motor, and Haitian Flavoring, showing target price increases of 98.76%, 37.72%, and 27.18% respectively, across the software development, passenger vehicle, and seasoning industries [1][3] Group 1: Target Price Increases - Gao Weida received a target price of 51.50 yuan, reflecting a target price increase of 98.76% [3] - SAIC Motor's target price was set at 26.25 yuan, indicating a 37.72% increase [3] - Haitian Flavoring's target price reached 50.25 yuan, with a 27.18% increase [3] Group 2: Rating Adjustments - One company, Tebian Electric Apparatus, had its rating upgraded from "Hold" to "Strong Buy" by China Merchants Securities [4] - One company, Jiangling Motors, had its rating downgraded from "Buy" to "Hold" by Industrial Securities [5] Group 3: First Coverage - On September 22, brokerages initiated coverage on nine companies, including Jiangling Motors with a rating of "Hold" from Industrial Securities, and Ximai Food with a "Hold" rating from Shanxi Securities [6] - Gao Weida received a "Buy" rating from Dongwu Securities [6] - Other companies receiving coverage include Hengxin Life with a "Hold" rating and Xianglou New Materials with a "Hold" rating [6]

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 21.34 CNY, maintaining the rating [5]. Core Insights - The company has shown steady operational improvement, with a revenue of 1.575 billion CNY in the first half of 2025, representing a year-on-year growth of 3.54%. The net profit attributable to shareholders was 85 million CNY, up 1.90% year-on-year, while the net profit excluding non-recurring items increased by 31.56% to 81 million CNY. Notably, the operating cash flow turned positive for the first time in Q2 [1]. - The company has been recognized as the leader in the domestic software market with a market share of 6.12% and a year-on-year growth rate of 21.2% according to IDC [1]. - The company has been pursuing a self-developed product transformation strategy, enhancing its product system, which has led to improved profitability. The self-developed software business, including industrial and financial digitalization, grew by 9.98% year-on-year, with industrial digitalization achieving a growth rate of 13.75% [2][3]. - The gross margin for the overall self-developed software products reached 39.68%, an increase of 2.98 percentage points compared to the previous year, driven by higher product standardization and a more mature PaaS platform [2][3]. - The AI application business has made significant progress, with revenue exceeding 110 million CNY in the first half of 2025, supported by the development of various AI products tailored for B-end clients [4]. Financial Performance Summary - The company expects revenues of 3.596 billion CNY, 3.996 billion CNY, and 4.445 billion CNY for the years 2025, 2026, and 2027, respectively. The net profits are projected to be 254 million CNY, 317 million CNY, and 395 million CNY for the same years [10]. - The overall gross margin is expected to improve, with projections indicating a gross margin of 33.9% in 2025, increasing to 35.9% by 2027 [13]. - The company has a total market capitalization of approximately 18.31 billion CNY and a circulating market capitalization of about 17.64 billion CNY [5].

重要内容提示： 1、上海汉得信息技术股份有限公司（以下简称"公司"）于 2025 年 8 月 18 日在巨潮资讯网（www.cninfo.com.cn）披露了《关于实际控制人与原一致行动 人之间拟通过大宗交易方式内部转让股份的提示性公告》（公告编号：2025-038）， 陈迪清先生计划以大宗交易方式受让原一致行动人范建震先生持有的 5,056,877 股公司无限售流通股（占公司总股本的 0.50%）。 2、在转让期间，陈迪清先生通过大宗交易方式受让了范建震先生所持有的 5,056,877 股公司无限售流通股（占公司总股本的 0.50%）。本次转让完成后，陈 迪清先生直接持有 53,139,426 股公司股份，直接持有公司股份的比例由 4.73% （本公告中持股比例以公司2025年9月16日的总股本1,016,991,211股为基数） 增至 5.23%；范建震先生持有公司股份比例由 4.73%降至 4.23%。 3、本次权益变动为公司实际控制人与原一致行动人之间进行的股份转让。 转让完成后，公司控制权结构将进一步稳定，不会对公司治理结构及持续经营产 生重大影响。 证券代码：300170 证券简称：汉得信息 公告 ...

Group 1 - The core point of the article highlights the recent performance of Han's Information, with a stock price increase of 5.15% to 18.58 CNY per share, a trading volume of 1.022 billion CNY, and a market capitalization of 18.791 billion CNY [1] - Han's Information, established on July 15, 2002, and listed on February 1, 2011, specializes in ERP software implementation, customer support, and software outsourcing [1] - The revenue composition of Han's Information includes: Industry Digitalization-C2M 33.82%, General ERP 31.16%, Financial Digitalization-GMC 23.50%, IT Outsourcing-ITO 11.19%, and Other Business 0.32% [1] Group 2 - From the perspective of Han's Information's top ten circulating shareholders, GF Fund's ETF has increased its holdings by 932,300 shares, totaling 4.3028 million shares, which represents 0.44% of the circulating shares [2] - The GF CSI 1000 ETF (560010) has a current scale of 30.718 billion CNY and has achieved a year-to-date return of 25.67%, ranking 1894 out of 4222 in its category [2] - The fund has a one-year return of 69.61%, ranking 1264 out of 3804 in its category, and a since inception return of 7.49% [2]

Investment Rating - The report assigns a "Buy-A" rating for the company, indicating a positive outlook for its stock performance in the coming months [1][8]. Core Insights - The company's gross margin continues to improve, driven by the increasing contribution of AI business revenue [1][4]. - The company has optimized its business structure, reallocating resources from traditional services to proprietary product lines and strategic new businesses, leading to steady revenue growth [5][6]. - The AI product system has been fully developed, contributing significantly to revenue growth, with AI business revenue reaching 110 million yuan in the first half of the year [6][8]. Financial Performance - In the first half of 2025, the company achieved revenue of 1.575 billion yuan, a year-on-year increase of 3.54%, and a net profit attributable to shareholders of 85 million yuan, a slight increase of 1.90% [4]. - The gross margin for the first half of 2025 reached 34.87%, an increase of 2.43 percentage points compared to the same period last year, primarily due to the higher proportion of proprietary software product revenue [5]. - The company expects its earnings per share (EPS) to be 0.25, 0.30, and 0.37 for the years 2025, 2026, and 2027, respectively, with corresponding price-to-earnings (PE) ratios of 70.0, 58.6, and 48.1 [8][10]. Business Segments - The company's key business segments include industrial digitalization, financial digitalization, and ERP services, with industrial digitalization revenue growing by 13.75% year-on-year [5][6]. - The AI business is expected to maintain accelerated growth, with a projected total revenue of 780 million yuan for the entire year of 2024 [6][8].

Company Overview - Han's Information Technology Co., Ltd. is located in Qingpu District, Shanghai, established on July 15, 2002, and listed on February 1, 2011. The company specializes in ERP software implementation, customer support, and software outsourcing services [1][2] - The main business revenue composition includes: Industry Digitalization-C2M 33.82%, General ERP 31.16%, Financial Digitalization-GMC 23.50%, IT Outsourcing-ITO 11.19%, and Other Businesses 0.32% [1] Financial Performance - For the first half of 2025, Han's Information achieved operating revenue of 1.575 billion yuan, a year-on-year increase of 3.54%, and a net profit attributable to shareholders of 85.0067 million yuan, up 1.90% year-on-year [2] - Since its A-share listing, the company has distributed a total of 415 million yuan in dividends, with 125 million yuan distributed in the last three years [3] Stock Market Activity - On September 16, Han's Information's stock price increased by 2.04%, reaching 18.03 yuan per share, with a trading volume of 327 million yuan and a turnover rate of 1.88%, resulting in a total market capitalization of 18.235 billion yuan [1] - Year-to-date, the stock price has risen by 45.97%, with a 4.04% increase over the last five trading days, a 7.68% decrease over the last 20 days, and a 10.41% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" eight times this year, with the most recent appearance on March 7, where it recorded a net buy of -517 million yuan [1] Shareholder Structure - As of June 30, 2025, Han's Information had 132,000 shareholders, a decrease of 2.22% from the previous period, with an average of 7,379 circulating shares per person, an increase of 2.27% [2][3] - Notable shareholders include Southern CSI 1000 ETF, holding 9.1052 million shares (an increase of 1.7319 million shares), and Hong Kong Central Clearing Limited, holding 5.4092 million shares (a decrease of 3.5145 million shares) [3]

Core Viewpoint - Chen Diqing has increased his stake in Hand Information through a block trade, acquiring 2.7665 million shares, which represents 0.27% of the company's total share capital, bringing his total ownership to 5.00% [1] Summary by Relevant Sections - **Shareholding Increase** Chen Diqing's recent acquisition of shares aims to further stabilize the company's control structure and support its sustainable, stable, and healthy development [1] - **Future Plans** Chen Diqing plans to potentially continue increasing his shareholding over the next 12 months and has committed not to reduce his holdings for 18 months following this increase [1] - **Financial Details** The total cost of this share acquisition is approximately 48.8843 million yuan [1]

证券代码：300170 证券简称：汉得信息 公告编号：2025-048 上海汉得信息技术股份有限公司 关于实际控制人权益变动的提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示： 1、本次权益变动系由公司实际控制人陈迪清因增持股份导致持股比例合计 由 4.73%增加至 5.00%，持股比例触及 5%。 2、本次权益变动为股东陈迪清增持，未触及要约收购，亦不会导致公司控 股股东、实际控制人发生变化，不会影响公司的治理结构和持续经营。 上海汉得信息技术股份有限公司（以下简称"公司"）于近日收到公司实际 控制人陈迪清出具的《详式权益变动报告书》。截至本公告披露日，信息披露义 务人因股份增持导致其持有公司股份占当前总股本的比例触及 5%。 根据《上市公司收购管理办法》和《证券期货法律适用意见第 19 号——《上 市公司收购管理办法》第十三条、第十四条的适用意见》规定"通过证券交易所 的证券交易，投资者及其一致行动人拥有权益的股份达到一个上市公司已发行股 份的 5%时，应当在该事实发生之日起 3 日内编制权益变动报告书，向中国证监 会、证券交易所提 ...

上海汉得信息技术股份有限公司 详式权益变动报告书 上市公司名称：上海汉得信息技术股份有限公司 股票上市地点：深圳证券交易所 1、本报告书依据《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司收购管理办法》《公开发行证券的公司信息披露内容与格式准则第 15 号— 权益变动报告书》《公开发行证券的公司信息披露内容与格式准则第 16 号——上 市公司收购报告书》及其他相关的法律、法规、部门规章及规范性文件的有关规 定编写。 2、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定，本报 告书已全面披露信息披露义务人在上海汉得信息技术股份有限公司拥有权益的 股份。 股票简称：汉得信息 股票代码：300170 信息披露义务人：陈迪清 住所及通讯地址：中国上海市徐汇区**路***弄**号 签署日期：2025 年 9 月 15 日 权益变动性质：股份增加（通过证券交易所的集中交易）。 上海汉得信息技术股份有限公司 详式权益变动报告书 信息披露义务人声明 截至本报告书签署日，除本报告书披露的权益变动信息外，信息披露义务人 没有通过任何其他方式增加或减少其在上海汉得信息技术股份有限公司中拥有 权益的股份。 3、 ...