Group 1 - The core viewpoint of the article highlights a surge in AI concept stocks, particularly with Vision China (000681) hitting the daily limit up, indicating strong investor interest and market momentum [1] - Donghua Software (002065) also reached the daily limit up, showcasing a similar trend among AI-related stocks [1] - Other companies such as Caixun Co. (300634), Huayu Software (300271), and Haitai Ruisheng (688787) experienced significant price increases, reflecting a broader rally in the sector [1] Group 2 - There is a notable influx of dark pool capital into these stocks, suggesting increased institutional interest and potential for further price appreciation [1]

Operating Performance Overview - In Q1 2025, the company achieved total revenue of 271 million yuan, an increase of 11.59% year-on-year [2] - Despite revenue growth, the net profit attributable to shareholders was negative at -45.406 million yuan, although this represents a year-on-year improvement of 47.79% [2] - The non-recurring net profit was also negative at -49.638 million yuan, with a year-on-year increase of 39.57%, indicating progress in cost control and profitability [2] Profitability Analysis - The company's gross margin was 30.12%, a decrease of 7.74 percentage points compared to the same period last year [3] - The net profit margin stood at -19.45%, showing a year-on-year increase of 49.2%, but still reflecting a loss [3] - Earnings per share were -0.06 yuan, an improvement of 45.45% year-on-year, indicating a reduction in losses [3] Cost Control - The total of selling, administrative, and financial expenses amounted to 73.3732 million yuan, accounting for 27.07% of revenue, which is a decrease of 30.45% year-on-year [4] - This demonstrates significant achievements in optimizing internal management and reducing operational costs [4] Asset and Liability Situation - As of the end of Q1 2025, the company's cash and cash equivalents were 1.619 billion yuan, a decrease of 14.70% year-on-year [5] - Accounts receivable stood at 755 million yuan, down 15.62% year-on-year [5] - Interest-bearing liabilities were 12.2009 million yuan, a substantial decrease of 37.37% year-on-year, indicating improvements in fund management and debt control [5] Cash Flow Status - The operating cash flow per share was -0.28 yuan, an increase of 12.90% year-on-year, but still negative [6] - The average operating cash flow over the past three years is only 9% of current liabilities, suggesting that investors should closely monitor the company's cash flow situation [6] Business Model and Future Development - The company's performance primarily relies on research and marketing efforts [7] - Since its listing, the company has raised a total of 3.42 billion yuan and distributed dividends of 417 million yuan, resulting in a dividend-to-financing ratio of 0.12 [7] - Moving forward, the company needs to enhance the added value of its products or services and strengthen cash flow management for sustainable development [7]

Financial Data and Indicators - The basic earnings per share for Q1 2025 is -0.0600 yuan, showing a 45.45% improvement compared to -0.1100 yuan in Q1 2024 [1] - The net profit for Q1 2025 is -0.45 billion yuan, which is a 48.28% improvement from -0.87 billion yuan in Q1 2024 [1] - The operating revenue for Q1 2025 is 2.71 billion yuan, reflecting an 11.52% increase from 2.43 billion yuan in Q1 2024 [1] - The return on equity for Q1 2025 is -1.20%, an improvement of 41.18% from -2.04% in Q1 2024 [1] - The net asset per share decreased by 10.81% to 4.62 yuan in Q1 2025 from 5.18 yuan in Q1 2024 [1] Shareholder Information - The top ten unrestricted shareholders hold a total of 24,139.05 million shares, accounting for 30.28% of the circulating shares, with an increase of 232.40 million shares compared to the previous period [2] - The largest shareholder, Shao Xue, holds 10,953.47 million shares, representing 13.74% of the total share capital, with no change [3] - New entrant Zhu Zelei holds 421.50 million shares, accounting for 0.53% of the total share capital [3] - The previous top shareholder, Feng Zhenghong, has exited the top ten shareholders list [3] Dividend Distribution - The company has decided not to distribute dividends or transfer shares this time [4]

北京华宇软件股份有限公司 BEIJING THUNISOFT CORPORATION LIMITED 议案表决结果：同意票 3 票，反对票 0 票，弃权票 0 票 北京华宇软件股份有限公司 第八届监事会第十八次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 北京华宇软件股份有限公司（以下简称"公司"）第八届监事会第十八次会议， 于 2025 年 4 月 25 日在北京清华科技园科技大厦 C 座 25 层会议室以现场结合通 讯方式召开。 公司于 2025 年 4 月 21 日以邮件的方式发出会议通知，会议应到监事三人， 实到三人，会议由监事会主席樊娇娇女士主持。本次会议的召开符合《中华人民共 和国公司法》等法律法规和《公司章程》的相关规定。 会议经审议、表决，形成了以下决议： 1.审议通过《2025 年第一季度报告》 经审核，监事会认为：公司《2025 年第一季度报告》的编制和审核程序符合 法律、行政法规、中国证监会和深圳证券交易所的相关规定，报告内容真实、准确、 完整地反映了公司经营的实际情况，不存在任何虚假记载、误导性陈述或者重大遗 漏。 具体 ...

证券代码：300271 证券简称：华宇软件 公告编号：2025-043 北京华宇软件股份有限公司 BEIJING THUNISOFT CORPORATION LIMITED 北京华宇软件股份有限公司 第八届董事会第二十二次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 北京华宇软件股份有限公司（以下简称"公司"）第八届董事会第二十二次 会议，于 2025 年 4 月 25 日在北京清华科技园科技大厦 C 座 25 层会议室以现 场结合通讯方式召开。 公司于 2025 年 4 月 21 日以邮件的方式发出会议通知，会议应到董事九人， 实到九人，本次会议由董事长郭颖召集并主持。现场出席会议的董事三人，为郭 颖、赵晓明、郭秀华，通讯出席的董事六人，为王琰、任刚、王昀、刘懿、罗炜、 谢绚丽。部分高级管理人员列席了会议。本次会议的召开符合《中华人民共和国 公司法》等法律法规和《公司章程》的相关规定。 议案表决结果：同意票 9 票，反对票 0 票，弃权票 0 票 备查文件： 1、经与会董事签字并加盖董事会印章的董事会决议。 2、董事会审计委员会会议决议。 北 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥271,051,256.32, representing an increase of 11.59% compared to ¥242,900,580.11 in the same period last year[4]. - The net profit attributable to shareholders was -¥45,406,010.97, an improvement of 47.79% from -¥86,975,313.85 year-on-year[4]. - The net cash flow from operating activities was -¥229,490,732.96, showing a 13.37% improvement from -¥264,900,080.28 in the previous year[4]. - Total operating revenue for the current period reached ¥271,051,256.32, an increase from ¥242,900,580.11 in the previous period, representing a growth of approximately 11.5%[21]. - Net profit for the current period was -¥52,727,760.86, an improvement compared to -¥93,012,855.91 in the previous period, indicating a reduction in losses by approximately 43.4%[22]. - The company reported a net operating profit of -¥56,643,330.23, which is an improvement from -¥93,309,175.46 in the previous period[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,654,012,547.39, a decrease of 3.87% from ¥4,841,234,746.06 at the end of the previous year[4]. - Total liabilities decreased to ¥817,328,568.35 from ¥953,910,575.21, indicating a reduction of about 14.3%[19]. - The company's equity attributable to shareholders decreased to ¥3,750,271,005.12 from ¥3,795,192,732.97, a decline of approximately 1.2%[19]. - The total current assets decreased from 3,463,828,331.62 RMB to 3,287,709,739.64 RMB, indicating a reduction of about 5.1%[17]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 58,551[11]. - The largest shareholder, Shao Xue, holds 13.49% of the shares, totaling 109,534,655 shares[11]. - The top ten shareholders hold a combined total of 213,000,000 shares, representing a significant portion of the company's equity[11]. - The company repurchased and canceled 4,414,800 shares, reducing the total share capital from 816,275,473 shares to 811,860,673 shares[14]. Cash Flow and Investments - Cash and cash equivalents at the end of the period amount to 1,619,356,179.88 RMB, down from 1,978,833,891.72 RMB at the beginning of the period, representing a decrease of approximately 18.2%[17]. - Cash inflow from investment activities totaled $400,396,953.70, up from $341,432,493.59 in the previous period, indicating a growth of about 17.5%[26]. - The company received $400,000,000.00 from investment recoveries, an increase from $340,000,000.00 in the previous period[26]. - Cash paid for the purchase of fixed assets was $7,951,697.82, a decrease from $37,228,813.09 in the previous period[26]. Expenses - The company managed to reduce its management, sales, and R&D expenses by approximately ¥30.45 million, a decrease of about 15.91%[8]. - Total operating costs decreased to ¥340,231,319.30 from ¥350,025,793.60, showing a reduction of about 2.3%[21]. - Research and development expenses amounted to ¥76,224,037.51, down from ¥90,339,562.75, reflecting a decrease of approximately 15.6%[22]. - The company's financial expenses decreased by 74.10% due to an increase in interest income[9]. Management Changes - The company appointed Guo Ying as the new general manager following the resignation of Wang Yan[16]. Taxation - The income tax expense decreased by 57.21% to -¥3,942,802.47, reflecting a reduction in the recoverable losses[9]. Inventory and Receivables - Inventory increased to 652,939,715.50 RMB from 593,704,855.85 RMB, reflecting an increase of about 9.9%[17]. - The company’s accounts receivable decreased slightly from 757,490,484.20 RMB to 755,111,223.83 RMB, a decline of approximately 0.3%[17]. Other Information - The number of restricted shares at the end of the period is 14,618,169, with 74,250 shares released from restriction during the period[13]. - The first quarter report was not audited[27].

Group 1 - The core viewpoint of the article highlights the recent research conducted by well-known private equity and investment firms on a listed company, specifically Huayu Software, which has shown significant growth in contract signing and backlog amounts in 2024 [1] - In 2024, Huayu Software achieved a new contract signing amount of 1.94 billion yuan, representing a year-on-year increase of 14.4%, and a backlog amount of 1.75 billion yuan, reflecting a year-on-year growth of 10.3% [1] - The company focuses on three main business areas: legal technology, educational informatization, and digitalization for government and enterprises, enhancing its market competitiveness [1] Group 2 - Huayu Software has iterated its Wanxiang model to version 3.0, launching multiple innovative intelligent applications and winning the first prize in the Wu Wenjun Artificial Intelligence Science and Technology Award [1] - The company has launched an internet legal consulting application called "Yuan Dian Wen Da," which provides intelligent legal knowledge services [1] - Huayu Software's educational informatization business includes smart campus and talent cultivation, and it has deepened its strategic cooperation with China Mobile by signing multiple provincial cooperation agreements [1] Group 3 - The company emphasizes the development of artificial intelligence technology, launching the Wanxiang Legal Model, and focuses on leading innovations in legal technology and smart education by concentrating on courts and universities [1]

Financial Performance - In 2024, the company achieved a new contract amount of CNY 1.94 billion, a year-on-year increase of 14.4% [2] - The ending contract amount reached CNY 1.75 billion, up 10.3% year-on-year, marking the first increase in three years [2] - The company's total revenue for the year was CNY 799 million, a decline of 16.29% year-on-year due to insufficient initial orders and seasonal fluctuations [3] - The net loss, excluding non-recurring losses, was CNY 509 million, a reduction of 60.78% compared to the previous year [3] Business Development - The company strengthened its competitive edge in the digital court and digital campus markets in 2024 [4] - Focused investments were made in core applications such as digital court trials and educational information technology [4] - The "Wahyu Wanshang Model" was iterated to version 3.0 in 2024, enhancing its reasoning and compliance capabilities [5] Product Innovations - The "Wahyu Wanshang Model" provides eight capabilities including legal knowledge retrieval and document generation, aimed at improving legal work efficiency [8] - The "Yuan Dian Wen Da" application was launched in 2024, offering intelligent legal knowledge services [8] - The company has developed a series of intelligent applications that cater to various market segments, including government and enterprise clients [6] Strategic Partnerships - The company has deepened its strategic cooperation with China Mobile, signing agreements with multiple provincial branches [10] - Collaborative efforts have led to the development of the "Hai Suan Judicial Model," which has been successfully implemented [10] Future Outlook - The company plans to continue focusing on core business areas and leveraging AI to drive innovation and service improvements [10] - There is an emphasis on expanding external collaborations and integrating resources to enhance customer value [10] Risk Considerations - The company cautions investors that predictions regarding industry trends and future performance do not constitute guarantees [10]

成本与费用 公司三费(销售费用、管理费用、财务费用)总计4.66亿元，占营收比例为28.63%，同比增加16.26%。管 理费用变动幅度为14.93%，主要受公司成本优化及股权激励费用增加的影响。 主营业务分析 经营概况 华宇软件(300271)发布的2024年年报显示，公司营业总收入为16.29亿元，同比下降7.99%；归母净利润 为-5.15亿元，同比上升60.74%；扣非净利润为-5.09亿元，同比上升60.78%。尽管营业收入有所下降， 但公司盈利能力有所回升，毛利率为32.32%，同比增加41.64%，净利率为-31.93%，同比增加57.36%。 现金流状况 公司每股经营性现金流为-0.15元，同比减少1379.32%，表明公司在经营活动中面临较大的现金流压 力。经营活动产生的现金流量净额大幅下降，主要原因是年初应收账款同比下降3.01亿元。 近期华宇软件(300271)发布2024年年报，证券之星财报模型分析如下： 投资活动方面，公司本期购买R1低风险理财产品累计发生14.5亿元，并在期末全部赎回。投资活动现金 流入小计变动幅度为682.82%，投资活动现金流出小计变动幅度为363.02%。筹资 ...

证券代码：300271 证券简称：华宇软件 公告编号：2025-025 北京华宇软件股份有限公司 关于购买董监高责任险的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 北京华宇软件股份有限公司 BEIJING THUNISOFT CORPORATION LIMITED 二、审议程序 公司董事会薪酬与考核委员会会议、第八届董事会第二十一次会议、第八届 监事会第十七次会议分别审议了《关于购买董监高责任险的议案》，根据《上市 公司治理准则》等相关规定，公司全体董事、监事对本事项回避表决，本议案将 直接提交公司股东大会审议。 北京华宇软件股份有限公司（以下简称"公司"）于 2025 年 4 月 17 日召 开第八届董事会第二十一次会议审议、第八届监事会第十七次会议，分别审议了 《关于购买董监高责任险的议案》。为进一步完善公司风险管理体系，促进董事、 监事、高级管理人员以及相关人员在其职责范围内更充分地行使权利、履行职责， 根据《上市公司治理准则》等相关规定，公司拟为公司、子公司、公司及子公司 董事、监事、高级管理人员以及相关人员购买责任保险。公司全体董事、监事在 ...