Group 1 - Huawei's Euler segment continues to rise, indicating strong market interest and potential growth in this area [1] - Runhe Software and Zhengyuan Wisdom have surged over 10%, reflecting positive investor sentiment and performance [1] - Tuowei Information previously hit the daily limit, showcasing significant trading activity and interest [1] Group 2 - Tianyuan Dike, Chengmai Technology, and Softcom Power also experienced upward movement, indicating a broader trend in the sector [1]

金融界8月25日消息，上证指数高开高走，中证全指软件指数 (软件指数，H30202)上涨1.01%，报 17268.84点，成交额1183.01亿元。 数据统计显示，中证全指软件指数近一个月上涨17.32%，近三个月上涨27.77%，年至今上涨28.44%。 据了解，中证全指软件指数从中证全指指数中选取业务涉及软件开发领域的上市公司证券作为指数样 本，以反映该主题上市公司证券的整体表现。该指数以2004年12月31日为基日，以1000.0点为基点。 从中证全指软件指数持仓的市场板块来看，深圳证券交易所占比62.59%、上海证券交易所占比 36.92%、北京证券交易所占比0.49%。 从中证全指软件指数持仓样本的行业来看，信息技术占比100.00%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 跟踪软件指 ...

Core Insights - The company reported a revenue of 1.747 billion yuan for the first half of 2025, representing a year-on-year growth of 10.55% [1] - Net profit attributable to shareholders decreased by 29.43% to 59.82 million yuan, while net profit excluding non-recurring gains and losses increased significantly by 47.33% to 52.17 million yuan [1] - The net cash flow from operating activities was a negative 307 million yuan [1] Business Segments - The financial technology segment generated revenue of 890 million yuan, accounting for 50.92% of total revenue, with a year-on-year growth of 6.06% [1] - The smart IoT segment achieved revenue of 606 million yuan, representing 34.69% of total revenue, with a growth rate of 23.85% [1] - The smart energy information segment reported revenue of 200 million yuan, making up 11.43% of total revenue, with a growth of 4.65% [1] Cost and Profitability - The overall cost growth rate was 14.08%, which exceeded the revenue growth rate, leading to a decline in gross margins across all segments [1] - Operating costs amounted to 1.333 billion yuan, with employee compensation reaching 1.09 billion yuan, an increase of 22.64%, significantly higher than the revenue growth rate [1] - The proportion of human resource costs rose to 81.83% of total costs [1] Balance Sheet and Receivables - The ending inventory balance was 480 million yuan, with a provision for contract performance cost impairment of 19.6 million yuan, which is significantly lower than the same period in 2024 [1] - Accounts receivable stood at 2.528 billion yuan, including overdue amounts of 110 million yuan for over three years [1]

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [5] Core Insights - The company reported a revenue of 1.747 billion yuan, a year-on-year increase of 10.55%. The net profit attributable to shareholders was 60 million yuan, a year-on-year decrease of 29.43%, while the net profit after deducting non-recurring items was 52 million yuan, a year-on-year increase of 47.33%. The gross margin was 23.72%, a decrease of 2.36 percentage points year-on-year [2] - The company is focusing on autonomous innovation business, with sales revenue from innovation business reaching approximately 368 million yuan in the first half of 2025, an increase of 8.96% year-on-year, accounting for 21.07% of total revenue [2] - The company has a clear AI strategic layout, providing end-to-end large model solutions across various industries, including finance, energy, and retail, through a comprehensive technology system covering AI chips, servers, operating systems, and full-stack AI platforms [3] Business Performance Summary - The financial technology segment achieved revenue of 890 million yuan, a year-on-year increase of 6.06%, with a gross margin of 23.34%. The intelligent IoT segment achieved revenue of 606 million yuan, a year-on-year increase of 23.85%, with a gross margin of 24.62%. The smart energy information segment achieved revenue of 200 million yuan, a year-on-year increase of 4.65%, with a gross margin of 23.27% [2] - The company is developing a comprehensive AI ecosystem, including the "IntelliCoreAI" computing integration machine and the AIRUNS integrated intelligent engine for flexible deployment and lifecycle management of AI large models [3] Profit Forecast and Valuation - The company is expected to achieve revenues of 3.832 billion yuan, 4.416 billion yuan, and 5.141 billion yuan for the years 2025, 2026, and 2027, respectively, with year-on-year growth rates of 12.73%, 15.23%, and 16.42%. The net profit attributable to shareholders for 2025 is projected to be 187 million yuan, corresponding to a PE ratio of 275 times [9]

据证券之星公开数据整理，近期润和软件（300339）发布2025年中报。截至本报告期末，公司营业总收 入17.47亿元，同比上升10.55%，归母净利润5981.78万元，同比下降29.43%。按单季度数据看，第二季 度营业总收入9.14亿元，同比上升12.88%，第二季度归母净利润2861.77万元，同比下降51.6%。本报告 期润和软件公司应收账款体量较大，当期应收账款占最新年报归母净利润比达1437.84%。 本次财报公布的各项数据指标表现一般。其中，毛利率23.72%，同比减9.06%，净利率3.29%，同比减 40.07%，销售费用、管理费用、财务费用总计2.03亿元，三费占营收比11.63%，同比减16.35%，每股净 资产4.5元，同比增5.18%，每股经营性现金流-0.39元，同比减21.13%，每股收益0.08元，同比减27.27% | 润和软件 最新财务摘要 | | --- | 财务费用变动幅度为-40.85%,原因:汇兑收益增加。 所得税费用变动幅度为-39.66%,原因:预缴所得税减少。 投资活动产生的现金流量净额变动幅度为-124.23%,原因:公司报告期内支付的元石创投投资款。 筹 ...

Core Viewpoint - The financial technology sector is experiencing significant growth, with the Huaxia Financial Technology ETF (516100) showing strong performance and attracting substantial capital inflows [3] Group 1: Market Performance - On August 22, major indices surged, with the Shanghai Composite Index breaking through 3800 points, driven by the chip sector [3] - The Huaxia Financial Technology ETF (516100) saw a 2.26% increase, with a cumulative rise of 10.87% over the past week, leading its sector [3] - The ETF has recorded a total capital inflow of 220 million yuan over the past four days [3] Group 2: Historical Performance of Huaxia Financial Technology ETF - Since its inception, the ETF's highest single-month return was 55.18%, with the longest consecutive monthly gains being three months and a maximum cumulative increase of 110.62% [3] - The average monthly return during rising months is 9.77%, and the annual profit percentage stands at 66.67% [3] - The probability of profitability over a three-year holding period is 80.37% [3] - Over the past six months, the ETF has outperformed its benchmark with an annualized return of 2.35%, ranking in the top third among comparable funds [3] Group 3: Top Holdings - The ETF closely tracks the CSI Financial Technology Theme Index, with the top ten weighted stocks accounting for 51.26% of the index [3] - The top ten stocks include Dongfang Wealth, Tonghuashun, Hengsheng Electronics, Runhe Software, and others, with varying weightings [5]

Group 1 - Huawei's Euler segment leads the market with an increase of 3.36% [1] - Tuo Wei Information rises by 9.01% [1] - Jing Jia Wei increases by 7.83% [1] - Ruantong Power grows by 3.13% [1] - Chengmai Technology, Tianyuan Dike, and Runhe Software all see gains exceeding 2% [1]

8月21日晚间，润和软件(300339)披露了2025年半年度报告，2025年上半年，公司实现营业收入17.47亿 元，同比增长10.55%;扣非归母净利润5217万元，同比增长47.33%。 报告期内，公司主营业务稳健发展，其中金融科技业务收入8.90亿元，同比增长6.06%;智能物联业务收 入6.06亿元，同比增长23.85%;智慧能源信息化收入2亿元，同比增长4.65%。同时，公司重点在开源鸿 蒙、开源欧拉、企业级AI解决方案、星闪等为主的创新业务领域发力。创新业务上半年收入约3.68亿 元，同比增长8.96%，占营业收入总额比重达21.07%。随着公司创新业务不断发展、规模持续提升，将 为未来增长积蓄强劲动能。 鸿蒙生态拓展加速，开源鸿蒙软件发行数量领跑行业 2025年，鸿蒙生态建设持续深化，鸿蒙5终端数量突破1000万，华为终端全面迈入鸿蒙时代。目前，超3 万个应用及元服务正推进开发更新，开发者规模达800万。 同期，润和软件紧跟OpenHarmony开源版本迭代，对自身HiHopeOS商业发行版进行深度演进，为各行 业提供具备人工智能能力的数字化转型基座。 在电力行业，公司积极助推电力物联操作系统 ...

8月21日晚间，润和软件（300339）披露了2025年半年度报告，2025年上半年，公司实现营业收入17.47 亿元，同比增长10.55%；扣非归母净利润5217万元，同比增长47.33%。 报告期内，公司主营业务稳健发展，其中金融科技业务收入8.90亿元，同比增长6.06%；智能物联业务 收入6.06亿元，同比增长23.85%；智慧能源信息化收入2亿元，同比增长4.65%。同时，公司重点在开源 鸿蒙、开源欧拉、企业级AI解决方案、星闪等为主的创新业务领域发力。创新业务上半年收入约3.68亿 元，同比增长8.96%，占营业收入总额比重达21.07%。随着公司创新业务不断发展、规模持续提升，将 为未来增长积蓄强劲动能。 鸿蒙生态拓展加速，开源鸿蒙软件发行数量领跑行业 2025年，鸿蒙生态建设持续深化，鸿蒙5终端数量突破1000万，华为终端全面迈入鸿蒙时代。目前，超3 万个应用及元服务正推进开发更新，开发者规模达800万。 同期，润和软件紧跟OpenHarmony开源版本迭代，对自身HiHopeOS商业发行版进行深度演进，为各行 业提供具备人工智能能力的数字化转型基座。 在电力行业，公司积极助推电力物联操作系统 ...

Core Insights - Jiangsu Runhe Software Co., Ltd. reported a revenue of 1.747 billion yuan for the first half of 2025, representing a year-on-year growth of 10.55% [1] - The company's net profit attributable to shareholders after deducting non-recurring gains and losses was 52.17 million yuan, an increase of 47.33% year-on-year [1] Business Performance - In the financial technology sector, the company achieved a revenue of 890 million yuan, growing by 6.06% and accounting for 50.93% of total revenue [1] - The intelligent IoT business generated 606 million yuan in revenue, reflecting a year-on-year increase of 23.85% [1] - The smart energy information technology segment reported a revenue of 200 million yuan, with a growth of 4.65% [1] Market Position - Runhe Software ranks prominently in the Chinese banking IT solutions market, leading the internet finance sector for four consecutive years from 2021 to 2024 [2] - The company's financial technology sub-brand, Jieke Zhicheng, continues to lead in the competitive landscape of IT solution testing services for the banking industry [2]