| 证券代码：300378 | 证券简称：鼎捷数智 | 公告编码：2026-02007 | | --- | --- | --- | | 债券代码：123263 | 债券简称：鼎捷转债 | | 鼎捷数智股份有限公司 关于使用自有资金支付募投项目部分款项并以募集资 金等额置换的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，不存在虚假记载、误导性陈述或者重大遗漏。 鼎捷数智股份有限公司（以下简称"公司"）于 2026 年 2 月 2 日召开第五 届董事会第二十三次会议审议通过了《关于使用自有资金支付募投项目部分款项 并以募集资金等额置换的议案》，同意公司及全资子公司湖州鼎捷软件有限公司 （以下简称"湖州鼎捷"，同为募集资金投资项目实施主体）在募集资金投资项 目（以下简称"募投项目"）实施期间，根据实际情况先行使用自有资金支付募 投项目所需部分款项，后续以募集资金等额置换，将等额资金从募集资金专户划 转至公司及湖州鼎捷自有资金账户，该等额置换资金视同募投项目使用资金。现 将具体情况公告如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意鼎捷数智股份有限公司向不特定对象 发行可转换公司债 ...

| 证券代码：300378 | 证券简称：鼎捷数智 | 公告编码：2026-02005 | | --- | --- | --- | | 债券代码：123263 | 债券简称：鼎捷转债 | | 鼎捷数智股份有限公司 第五届董事会第二十三次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 鼎捷数智股份有限公司（以下简称"公司"）第五届董事会第二十三次会议 通知已于 2026 年 1 月 27 日以邮件、电话确认方式发出。会议于 2026 年 2 月 2 日 13 时 30 分以通讯方式在公司会议室举行。会议应出席董事 9 名，实际出席董 事 9 名。本次董事会会议由公司董事长叶子祯先生召集并主持，公司高级管理人 员列席了本次会议。会议的召开符合有关法律、行政法规、部门规章、规范性文 件和《鼎捷数智股份有限公司章程》的规定。经与会董事认真审议，做出如下决 议： 一、审议通过《关于使用募集资金置换预先投入募投项目及已支付发行费 用的自筹资金的议案》 具体内容详见公司同日披露于巨潮资讯网（http://www.cninfo.com.cn）的 相关公告。 表决 ...

Core Viewpoint - The company has approved a plan to utilize part of its idle raised funds for cash management, ensuring the funds are invested in low-risk, liquid financial products with a maturity of no more than 12 months [1] Group 1: Company Actions - The company and its wholly-owned subsidiary, Huzhou Dingjie Software Co., Ltd., will use up to RMB 520 million of idle raised funds for cash management [1] - The approved cash management products include structured deposits, income certificates, large-denomination certificates of deposit, and agreed deposits [1] - The usage period for these funds is effective from February 2, 2026, to February 1, 2027, and the funds can be rolled over within the approved limit [1] Group 2: Impact on Operations - The cash management plan will not affect the progress of the investment projects funded by the raised capital or the normal production and operation of the company [1]

单位：人民币万元 兴业证券股份有限公司 关于鼎捷数智股份有限公司使用自有资金支付募投项目部分款 项并以募集资金等额置换的核查意见 兴业证券股份有限公司（以下简称"兴业证券"或"保荐机构"）作为鼎捷 数智股份有限公司（以下简称"鼎捷数智"或"公司"）向不特定对象发行可转 换公司债券并在创业板上市持续督导阶段的保荐机构，根据《证券发行上市保荐 业务管理办法》《上市公司募集资金监管规则》及《深圳证券交易所上市公司自 律监管指引第 2 号——创业板上市公司规范运作》等有关规定，对鼎捷数智使用 自有资金支付募投项目部分款项并以募集资金等额置换进行了核查，核查情况及 核查意见如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意鼎捷数智股份有限公司向不特定对象 发行可转换公司债券注册的批复》（证监许可〔2025〕2297 号）同意，公司向不 特定对象发行可转换公司债券 8,276,642 张，每张面值为人民币 100.00 元，按面 值发行，发行总额为人民币 827,664,200.00 元。公司本次发行的募集资金总额为 人民币 827,664,200.00 元，扣除承销及保荐费用人民币 7,476,642.0 ...

Group 1 - The core point of the article is that Dingjie Zhizhi (300378) has approximately 44,000 shareholders as of January 30 [1]

Group 1 - The report presents the "Shenwan Hongyuan Top Ten Gold Stocks" for February 2026, reflecting the firm's market outlook and stock selection capabilities [1][10] - The previous gold stock combination from January 2026 achieved a return of 16.89%, outperforming the Shanghai Composite Index by 13.61 percentage points and the CSI 300 Index by 15.72 percentage points [7] - Since the inception of the gold stock initiative on March 28, 2017, the cumulative return has reached 486.47%, with the A-share combination up 361.41% and the Hong Kong stock combination up 1373.67% [7] Group 2 - The current market strategy indicates a continuation of the spring market trend, with a focus on cyclical sectors for alpha opportunities, while acknowledging increasing resistance to upward movement as profit effects spread [12] - Recommended sectors for investment include food and beverage, real estate, and cyclical sectors with both beta elasticity and alpha value [12] - The report emphasizes the importance of identifying bottom assets and suggests a rotation in market focus as the trading environment stabilizes [12] Group 3 - The top ten gold stocks for this period include Guizhou Moutai, Hualu Hengsheng, and Dier Laser, with a focus on their growth potential and market strategies [15][16] - Guizhou Moutai is expected to benefit from market reforms and increased consumer access ahead of the Spring Festival, while Hualu Hengsheng is positioned to capitalize on favorable industry policies [15][16] - Dier Laser is noted for its strong competitive position in the photovoltaic sector and potential growth in non-photovoltaic businesses [15][16] Group 4 - The report includes detailed performance metrics for each stock, highlighting their market capitalization, price changes, and excess returns compared to benchmarks [13][18] - For instance, Guizhou Moutai has a market cap of 175.44 billion RMB and is projected to see a net profit growth of 5.0% in 2026 [18] - The report also provides valuation and profit forecasts for the recommended stocks, indicating strong growth prospects for several companies [18]

Group 1: Core Insights - The report indicates that the "Top Ten Gold Stocks" from Shenwan Hongyuan for the period of January 1 to January 30, 2026, achieved a return of 16.89%, outperforming the Shanghai Composite Index and the CSI 300 Index by 13.61 and 15.72 percentage points respectively [8][19] - Since the first release of the gold stock list on March 28, 2017, the cumulative return of the gold stock portfolio has reached 486.47%, with the A-share portfolio up by 361.41% [8][19] - The strategy judgment for the upcoming month suggests a continuation of the spring market trend, with a focus on cyclical sectors for Alpha opportunities, while also indicating that upward resistance is increasing as the market transitions into a phase of sector rotation [8][16] Group 2: Investment Strategy - The report recommends focusing on the main catalysts for February and seizing opportunities in style rotation, particularly in the food and beverage and real estate sectors [16] - In the cyclical sector, it is advised to continue monitoring quality targets that exhibit both Beta elasticity and Alpha value [16] - The report highlights the "Iron Triangle" stocks: Guizhou Moutai, Hualu Hengsheng, and Dier Laser as top picks, alongside other recommended stocks including Huayou Cobalt, Longsheng Technology, Foster, New City Holdings, Dingjie Smart, Alibaba-W (Hong Kong), and Tencent Holdings (Hong Kong) [8][19] Group 3: Stock Performance and Recommendations - The top ten gold stocks include Guizhou Moutai, Hualu Hengsheng, Dier Laser, Huayou Cobalt, Longsheng Technology, Foster, New City Holdings, Dingjie Smart, Alibaba-W (Hong Kong), and Tencent Holdings (Hong Kong) [19][20] - Guizhou Moutai is noted for its market reform and potential for exceeding sales expectations during the upcoming Spring Festival [20] - Hualu Hengsheng is expected to benefit from domestic chemical industry policies that enhance market structure, while Dier Laser is recognized for its strong competitiveness in the photovoltaic sector [20][22]

Core Insights - The Advanced Planning and Scheduling (APS) industry in China is experiencing robust growth, integrating AI, industrial internet, and digital twin technologies to drive intelligent scheduling and real-time optimization, becoming a key driver for the smart upgrade of manufacturing [1][6] - The market size of the APS industry in China is projected to reach approximately 2.511 billion yuan in 2024, representing a year-on-year growth of 23.45% [1][6] Industry Overview - APS is a software system driven by algorithms, focusing on "limited resources + multiple constraints," integrating demand forecasting, material availability, capacity, personnel, tooling, shift calendars, and order priorities into a unified model [2] - Unlike traditional MRP/ERP systems, APS outputs executable process-level Gantt charts, achieving overall optimization across multiple objectives such as delivery time, changeover, inventory, and cost [2] Market Size - The APS industry in China is projected to grow significantly, with a market size of approximately 2.511 billion yuan in 2024, reflecting a 23.45% increase compared to the previous year [1][6] Key Companies - Major players in the APS industry include Dingjie Zhizhi, Saiyi Information, Baoxin Software, and Hand Information, each leveraging unique strategies and technologies to cater to the evolving market demands [2][7][8][10] - Dingjie Zhizhi reported a revenue of 1.614 billion yuan for the first three quarters of 2025, with a year-on-year growth of 2.63% [8] - Saiyi Information's revenue for the same period was 1.501 billion yuan, showing a decline of 11.96% year-on-year [10] Industry Development Trends 1. The deep integration of AI and industrial large models will become the core driving force for technological innovation in the industry, transforming AI from an auxiliary function to the decision-making center of APS [11] 2. The market is rapidly evolving from "production scheduling" to "integrated supply chain planning," with a focus on providing comprehensive solutions that cover demand forecasting and multi-factory network optimization [12] 3. Cloud-based and ecological deployment will become mainstream, promoting the adoption of APS among small and medium-sized enterprises and reshaping business models towards subscription services and ecosystem collaboration [13]

Investment Rating - The report maintains a "Buy" rating for the company [3]. Core Insights - The company is a leading provider of data and intelligent solutions in the industrial software sector, focusing on digital transformation services for manufacturing and distribution industries. It has a comprehensive product matrix covering key industrial software areas, including PLM, MES, and ERP, with a strong emphasis on AI integration [5][12]. - The company has experienced steady revenue growth, with a reported revenue of 1.614 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 2.63%. The net profit attributable to shareholders was 51 million yuan, up 2.40% year-on-year [21][24]. - The company is positioned to benefit from the acceleration of domestic industrial software localization due to external pressures, such as U.S. technology restrictions, which have highlighted the urgency for self-sufficiency in industrial software [42][43]. Summary by Sections 1. Leading Provider of Intelligent Solutions - The company has over 40 years of experience and has become a leading provider of intelligent solutions in China, serving over 50,000 clients across various industries, including equipment manufacturing and automotive parts [5][12]. - The company has expanded its operations to regions such as Taiwan, Vietnam, and Thailand, and has developed a robust product offering that integrates AI and cloud computing technologies [12][15]. 2. Acceleration of Domestic Software Localization - The report highlights significant opportunities for domestic industrial software localization, driven by external disruptions and the need for self-sufficiency in critical software areas [32][42]. - The company has developed a complete product matrix with fully controllable source code and core algorithms, addressing the urgent demand for supply chain security and software autonomy in manufacturing [48]. 3. AI-Driven Demand in Industrial Software - The integration of AI into industrial software is accelerating, with the company actively exploring AI applications and launching innovative AI Agent solutions that enhance operational efficiency for clients [3][5]. - The company's AI-related business revenue grew by 125.91% year-on-year as of mid-2025, indicating successful commercialization of AI applications [5][21]. 4. Investment Strategy - The report suggests that the company is well-positioned to benefit from the ongoing trends in industrial software localization and the integration of AI technologies, with projected earnings per share (EPS) of 0.63, 0.75, and 0.93 yuan for 2025, 2026, and 2027, respectively [5][21].

Investment Rating - The report rates the computer industry as "Overweight," indicating that the industry is expected to outperform the overall market [9]. Core Insights - Clawdbot signifies a transition in AI product forms from "scene-level assistants" to "system-level Agent platforms," emphasizing comprehensive execution capabilities across tools and systems [3]. - The evolution of Agents is marked by a clear path from Skills to Claude Excel and Clawdbot, shifting market focus from model parameters to the ability to execute complex tasks and integrate external tools [3]. - Clawdbot's revolutionary aspect lies in its ability to understand high-level user intentions and autonomously break them down into ordered steps, enhancing automation in complex workflows [3]. - The deployment of system-level Agents faces challenges such as high complexity in enterprise deployment, data security concerns, and the need for improved stability and traceability across systems [3]. - The acceleration of Agent deployment does not imply the replacement of traditional software but rather positions Agents as intelligent interaction and automation hubs, enhancing overall efficiency [3]. Summary by Sections AI Application Key Companies Valuation - The report includes a valuation table for key AI application companies, detailing their market capitalization and projected net profits for 2024 to 2027, with notable companies such as Kingsoft Office, Yonyou Network, and Zhongkong Technology [4].