Core Viewpoint - Runhe Software's stock performance shows a mixed trend with a slight increase in share price but a decline in net profit, indicating potential challenges in profitability despite revenue growth [2][3]. Group 1: Stock Performance - On February 3, Runhe Software's stock rose by 1.87%, with a trading volume of 934 million yuan [1]. - The financing data for February 3 indicates a net financing outflow of 801.95 million yuan, with a total financing and margin balance of 3.422 billion yuan [1]. - The current financing balance of 3.412 billion yuan accounts for 8.55% of the circulating market value, which is above the 50th percentile level over the past year [1]. Group 2: Financial Performance - For the period from January to September 2025, Runhe Software reported a revenue of 2.719 billion yuan, reflecting a year-on-year growth of 12.86% [2]. - The net profit attributable to shareholders for the same period was 78.5726 million yuan, showing a year-on-year decrease of 29.01% [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Runhe Software increased to 233,500, up by 1.43% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 1.41% to 3,331 shares [2]. - The top ten circulating shareholders include significant institutional investors, with notable changes in holdings among various ETFs [3].

Group 1: Industry Growth and Development - Nanjing's software business revenue is projected to reach approximately 1,020 billion yuan by 2025, representing a year-on-year growth of 16.7%, marking a breakthrough into a trillion-level industry cluster [1] - The comprehensive index of Nanjing's software industry ranks fourth nationwide, showcasing its significant growth from 200 companies and 1.8 billion yuan in annual sales in 2000 to a trillion-level industry cluster by 2025 [1] - The city has cultivated 15 certified open-source Harmony OS distributions and 122 software and hardware products, ranking second among cities in China for both metrics [3] Group 2: Technological Innovation and Competitiveness - Nanjing's industrial software sector is supported by the SylixOS operating system, which has been adopted by nearly 2,000 users in aerospace and rail transit, emphasizing domestic innovation and breaking foreign monopolies [2] - The city is focusing on enhancing product competitiveness through leading enterprises and has initiated several breakthroughs in key software areas, maintaining a strong position in communication and energy sectors [2] - The establishment of the Industrial Artificial Intelligence Research Institute in Nanjing aims to address major application scenarios in manufacturing, focusing on industrial intelligence and smart robotics [4] Group 3: Policy and Ecosystem Support - Nanjing is implementing a comprehensive policy system to support industry development, including a 1 billion yuan special fund for industrial software and various supportive policies for innovation and startups [6] - The city has released over 1,100 application scenarios, facilitating the practical use of software products in areas such as smart low-altitude economy and medical imaging AI, enhancing urban life [6] - The "City-Industry Symbiosis" strategy is being promoted through policy guidance, service foundations, and scenario mediation, aiming for optimal integration of urban and industrial development [5]

Core Insights - Nanjing's GDP is projected to reach 19,428.78 billion yuan by 2025, with software business revenue expected to be around 10,200 billion yuan, marking a 16.7% year-on-year growth and achieving the first trillion-level industry cluster breakthrough [2] Company Summaries - **Runhe Software**: A leading software company specializing in high-end software outsourcing services, headquartered in Nanjing. It has established a global presence with subsidiaries in Japan, Singapore, and the USA, serving notable clients like Huawei and Oracle. The company plans to deepen its focus on domestic innovation and AI solutions in various sectors by 2026 [3][5] - **Vito Technology**: Recognized as a top industrial software CAX integration platform, it has received multiple national accolades and is focused on AI and digital transformation in manufacturing. The company aims to replace imports with domestic innovations in industrial software, leveraging strong local support and talent availability in Nanjing [5][6][7] - **Yihui Information Technology**: Founded in 2016, this company specializes in embedded real-time operating systems and has participated in significant national projects. It has grown from 9 to over 400 employees, benefiting from local government support and a favorable business environment [9][10] - **Manyun Software Technology**: A local tech company utilizing AI and big data to enhance logistics efficiency, it operates a platform covering over 330 cities and has achieved significant carbon reduction. The company has a workforce of over 7,000, with a strong emphasis on high educational qualifications among its staff [12][13]

Core Viewpoint - Runhe Software experienced a decline of 2.89% in stock price on January 30, with a trading volume of 1.419 billion yuan, indicating a challenging market environment for the company [1] Financing Summary - On January 30, Runhe Software had a financing buy amount of 112 million yuan and a financing repayment of 146 million yuan, resulting in a net financing buy of -33.576 million yuan [1] - The total financing and margin trading balance for Runhe Software reached 3.397 billion yuan, with the financing balance of 3.387 billion yuan accounting for 8.50% of the circulating market value, which is below the 50th percentile level over the past year, indicating a low financing position [1] - In terms of securities lending, 2,400 shares were repaid and 1,700 shares were sold on January 30, with a selling amount of 85,000 yuan, while the remaining securities lending volume was 198,100 shares, with a balance of 9.9052 million yuan, also below the 10th percentile level over the past year [1] Business Performance - As of September 30, Runhe Software reported a total of 233,500 shareholders, an increase of 1.43% from the previous period, with an average of 3,331 circulating shares per person, a decrease of 1.41% [2] - For the period from January to September 2025, Runhe Software achieved an operating income of 2.719 billion yuan, representing a year-on-year growth of 12.86%, while the net profit attributable to shareholders decreased by 29.01% to 78.5726 million yuan [2] Dividend Information - Since its A-share listing, Runhe Software has distributed a total of 377 million yuan in dividends, with 55.2672 million yuan distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, the second-largest circulating shareholder of Runhe Software is E Fund's ChiNext ETF, holding 16.294 million shares, a decrease of 2.7319 million shares from the previous period [3] - The third-largest circulating shareholder is HuaBao's China Securities Financial Technology Theme ETF, holding 13.0741 million shares, an increase of 634,630 shares [3] - Other notable shareholders include Hong Kong Central Clearing Limited and Southern China Securities 500 ETF, with varying changes in their holdings [3]

同壁财经讯，企查查数据显示，根据《成方金科上海分公司数据平台系统整合及优化改造采购项目中标 公告》，江苏润和软件股份有限公司于2026年1月28日公告中标成方金融科技有限公司采购项目，中标 金额为908.00万元。 相关上市公司：润和软件(300339.SZ) 目前公司属于信息技术行业，主要产品类型为行业专用软件，2024年报主营构成为金融科技业 务:53.75%;智能物联业务:31.36%;软件开发收入-智能电网应用软件:11.39%;智能供应链信息化:2.41%;房 租物业:1.09%。 润和软件（300339.SZ）2024年营业收入为33.99亿元，营业收入增长率为9.43%，归属母公司净利润为 1.61亿元，归属母公司净利润增长率为-1.64%，净资产收益率为4.72%。 2025年上半年公司营业收入为17.47亿元，营业收入增长率为10.55%，归属母公司净利润为0.60亿元， 归属母公司净利润增长率为-29.43%。 同壁财经小贴士： 目前公司属于信息技术行业，主要产品类型为行业专用软件，2024年报主营构成为金融科技业 务:53.75%;智能物联业务:31.36%;软件开发收入-智能电网应用软 ...

Core Viewpoint - Runke Hong has received strategic investment from China Internet Investment Fund (referred to as "CII") to support its expansion and innovation in the open-source HarmonyOS field [2] Group 1: Strategic Investment - The strategic investment from CII will accelerate key core technology breakthroughs for Runke Hong [2] - This investment aims to promote the high-quality development of China's operating system industry [2] - Runke Hong is a specialized technology company under Runhe Software, focusing on HarmonyOS and providing terminal operating system distributions [2] Group 2: Industry Impact - The investment will provide strong capital and ecosystem support for Runke Hong in its research and development of key root technology breakthroughs and industry expansion [2]

证券日报网讯1月22日，润和软件（300339）在互动平台回答投资者提问时表示，公司对行业发展动向 及前沿技术一直保持密切关注，未来公司将结合战略规划和市场需求进行相关领域的拓展和布局。 ...

证券日报网讯1月22日，润和软件（300339）在互动平台回答投资者提问时表示，在开源鸿蒙领域，公 司重点聚焦行业端的商业化落地，不断拓展行业赋能的深度和宽度，助力行业客户的数智化转型。公司 密切关注行业发展动向，未来将结合战略规划和市场需求进行相关领域的拓展和布局。 ...

证券日报网讯1月22日，润和软件（300339）在互动平台回答投资者提问时表示，在开源鸿蒙领域，公 司投入早、投入多，商业落地领先，今年已是公司鸿蒙业务开展的第七年。公司作为开放原子开源鸿蒙 项目群A类捐赠人和核心共建单位，开源鸿蒙代码贡献位居前列，截至目前，累计贡献代码超150万 行。在硬件底座生态方面，截至目前，公司已完成累计20+款芯片适配开源鸿蒙操作系统，实现了 ARM、LoongArch、RISC-V三大架构适配的全覆盖。在行业发行版方面，公司已推出13款具有自主知 识产权的面向不同行业的商业发行版，数量位居社区第一，目前已赋能金融、电力、油气、医疗、教 育、智慧城市、智慧矿山等行业领域。公司将持续深耕开源鸿蒙领域，通过多年积累的优势和经验，不 断拓展行业赋能的深度和宽度，助力行业客户的数智化转型。 ...

Market Overview - Major Asia-Pacific indices showed a collective decline, with the A-share market also experiencing consolidation, as the Shanghai Composite Index fluctuated while the Shenzhen Component and ChiNext indices performed weakly. The total trading volume in Shanghai, Shenzhen, and Beijing reached 2.8 trillion yuan, an increase of 72 billion yuan compared to the previous day [1] Real Estate Sector - The real estate sector rebounded strongly, with a notable increase in the price of a real estate ETF (159707) by 3.22%, marking multiple consecutive gains. According to the National Bureau of Statistics, the sales price of newly built commercial residential properties in first-tier cities decreased by 0.3% month-on-month in December 2025, with Shanghai seeing a slight increase of 0.2% [1] Chemical Sector - The chemical sector experienced a significant rally, with the chemical ETF (516020) reaching a new high since August 2022, closing up 1.27%. Major companies in the sector, such as BASF and Dow, have been raising prices across Europe, Asia, and the Middle East. The ETF attracted 1.148 billion yuan in the last ten days [1][4] - The chemical ETF has seen substantial net inflows, with over 5.8 billion yuan in net subscriptions in the last five trading days and 11 billion yuan in the last ten days. The Ministry of Industry and Information Technology has set guidelines for zero-carbon factory construction, which may limit new capacity in the chemical sector [6][7] Banking Sector - The banking sector showed resilience amid market volatility, with a significant number of bank stocks rising. The top bank ETF (512800) closed up 0.77%, ending a four-day losing streak. Historical data indicates that the banking sector has a high probability of generating absolute and excess returns before the Spring Festival, with an average return of 4.4% from 2017 to 2025 [8][11][14] - The banking sector is expected to benefit from continued growth in credit, supported by stable growth policies and a favorable low-interest-rate environment. The latest dividend yield for the banking index stands at 4.78%, significantly higher than the 10-year government bond yield of 1.84% [14][15] AI and Technology Sector - The AI and technology sectors faced a downturn, with the entrepreneurial AI ETF (159363) experiencing a four-day decline. Despite this, the sector remains attractive for future investments, particularly in light of ongoing developments in AI applications and infrastructure [16][18] - The communication and semiconductor industries are expected to see increased attention due to their potential for earnings upgrades, with significant growth anticipated in the coming years [18][20]