Core Viewpoint - The document provides a supplementary legal opinion regarding the issuance of convertible bonds by Dingjie Smart Co., Ltd., updating the reporting period and confirming compliance with relevant laws and regulations [4][9]. Group 1: Issuance Approval and Authorization - The report updates the approval and authorization for the issuance of convertible bonds, including verification of board and shareholder meeting documents [9][10]. - The total amount for the convertible bond issuance has been adjusted from 837.6642 million to 827.6642 million, with a reduction in the amount for supplementary working capital from 150 million to 140 million [10][11]. Group 2: Measures to Mitigate Dilution of Immediate Returns - The company has outlined specific measures to protect investors' interests and mitigate the potential dilution of immediate returns, including enhanced management of raised funds and acceleration of investment project progress [11][12]. - The company commits to strengthening internal controls and improving operational efficiency to enhance profitability and shareholder returns [12][13]. Group 3: Issuer's Qualifications - The issuer has been verified to possess the necessary qualifications for the bond issuance, including compliance with corporate governance and financial health requirements [19][20]. - The average distributable profit for the last three years is sufficient to cover the interest on the bonds, confirming financial viability [19][23]. Group 4: Shareholder Structure - As of June 30, 2025, the company has a dispersed shareholder structure with no single shareholder or group holding more than 30%, indicating the absence of a controlling shareholder [17][31]. - The top ten shareholders include various investment funds, with no significant changes in ownership structure reported [31]. Group 5: Business Operations - The company has maintained normal operations and has not faced significant administrative penalties, ensuring its ability to continue as a going concern [29][30]. - The main business revenue for the years 2022 to 2025 shows consistent growth, indicating a strong operational performance [29]. Group 6: Related Transactions and Competition - The company has disclosed related party transactions, including purchases and sales of software and services, with specific financial details provided for the first half of 2025 [30][31]. - There are no significant competitive conflicts reported with related parties, ensuring compliance with regulatory standards [30].

Core Viewpoint - The company is responding to the Shenzhen Stock Exchange's inquiry regarding its plan to issue convertible bonds for the construction of a research and training base, which aims to enhance its product development and training capabilities. Group 1: Project Overview - The fundraising project includes the construction of the "Dingjie Smart Research and Training Base" and the "Platform Project Research," focusing on upgrading existing platforms rather than creating new businesses [2][5]. - The training base will host approximately 300 training and demonstration events annually in the Jiangsu-Zhejiang-Shanghai region, with expected monthly visitor flows exceeding 400 people [2][5]. Group 2: Office Space and Personnel Needs - The current average office space per employee is 13.86 square meters, which is below the industry average of 20.67 square meters. The new project aims to provide an average of 30.80 square meters per employee [3][11]. - The company anticipates a continuous need for research personnel, with the number of R&D staff projected to increase from 1,479 at the end of 2022 to 1,552 by June 2025 [7][8]. Group 3: Economic Viability - The total investment for the project is estimated at 268.12 million yuan, with the construction of the research and training base expected to reduce rental costs and improve the overall office environment [14][15]. - The project will create a total building area of 28,700 square meters, with 18,300 square meters designated for office use, which is expected to enhance operational efficiency [9][16]. Group 4: Training and Demonstration Activities - The company has a long-standing practice of conducting training and demonstration activities, with over 500 events held annually, covering more than 30,000 industry participants [18][19]. - The training and demonstration center will be essential for ensuring standardized operations and improving user experience with the company's industrial software products [17][26]. Group 5: Location and Strategic Importance - The project is located in Huzhou, Zhejiang Province, which is strategically positioned within a one-hour transportation radius of major cities like Shanghai, Hangzhou, and Nanjing [27][28]. - The area is supported by local government initiatives aimed at accelerating the digital transformation of manufacturing industries, enhancing the project's relevance and potential impact [28][29].

Core Viewpoint - DIGIWIN CO., LTD. is issuing convertible bonds to raise funds for its digital empowerment platform project, amidst a competitive landscape in the industrial software sector [1][7]. Company Overview - Company Name: DIGIWIN CO., LTD. - Stock Code: 300378 - Registered Capital: 271,392,830 RMB - Established: December 26, 2001 - Headquarters: Shanghai, China [19]. Fundraising Details - The company plans to issue convertible bonds to unspecified investors, with the total amount not exceeding 827.6642 million RMB [19]. - The funds will primarily be allocated to the digital empowerment platform project, which may face risks related to market conditions and technological advancements [6][7]. Market Competition - The industrial software market in China is experiencing rapid growth, leading to intensified competition from both local and international players, including Siemens and SAP [2][3]. - Companies must maintain strong R&D capabilities and provide comprehensive solutions to remain competitive [3]. Financial Performance - The company's gross profit margins for recent periods were reported as 65.32%, 61.91%, and 58.25%, indicating potential fluctuations due to rising labor costs and market competition [4][5]. - Accounts receivable have increased significantly, with values of 263.7764 million RMB and 446.8785 million RMB reported in recent periods, raising concerns about cash flow [4]. Risks Associated with Operations - The company faces risks related to the recovery of accounts receivable, supplier concentration, and the absence of a controlling shareholder, which may affect operational efficiency and decision-making [4][5]. - The anticipated benefits from the fundraising project may not materialize due to changes in market demand or project execution challenges [6]. Profit Distribution Policy - The company prioritizes cash dividends, with a policy that allows for distributions based on profitability and cash flow, ensuring that shareholder interests are protected [10][12]. - Recent cash dividends were 2.67034 million RMB in 2022, 3.07899 million RMB in 2023, and 0.80947 million RMB in 2024, reflecting a consistent approach to shareholder returns [16].

Core Viewpoint - Dingjie Smart Co., Ltd. is issuing convertible bonds to unspecified objects, with the underwriting and sponsorship provided by Industrial Securities Co., Ltd. The issuance aims to raise funds for specific projects and working capital, complying with relevant laws and regulations [1][9]. Group 1: Issuance Details - The issuance involves convertible bonds with a total investment amount of 115,121.30 million RMB, of which 82,766.42 million RMB will be used from the raised funds [24]. - The bonds will have a term of 6 years and will be issued at a face value of 100.00 RMB each [26]. - The initial conversion price will be determined based on the average trading price of the company's stock prior to the announcement [27]. Group 2: Company Background - Dingjie Smart Co., Ltd. was established on December 26, 2001, with a registered capital of 27,139.2830 million RMB [3]. - The company operates in software sales, development, outsourcing services, and various technology consulting services [3]. Group 3: Financial Health - The company reported net cash flows from operating activities of 19,792.00 million RMB, 10,818.31 million RMB, and 4,992.60 million RMB for the years 2022, 2023, and 2024 respectively, with a negative cash flow of -4,552.41 million RMB for the first half of 2025 [16]. - The average distributable profits over the last three years are sufficient to cover the interest on the bonds [14]. Group 4: Compliance and Governance - The company has established a governance structure that includes a board of directors, supervisory board, and senior management, ensuring compliance with the Company Law and Securities Law [12][18]. - The company has not faced any administrative penalties from the China Securities Regulatory Commission in the last three years [21]. Group 5: Use of Proceeds - The funds raised will be allocated to the "Dingjie Smart Ecological Empowerment Platform" project and to supplement working capital, aligning with national industrial policies [23]. - The company will not use the raised funds for loss compensation or non-productive expenditures [23].

Core Viewpoint - Dingjie Smart Co., Ltd. is issuing convertible bonds to unspecified objects, aiming to raise funds for its digital empowerment platform project and to supplement working capital, aligning with national industrial policies and market demands [1][21]. Company Overview - Dingjie Smart Co., Ltd. was established on December 26, 2001, with a registered capital of 271.39 million yuan and is listed on the Shenzhen Stock Exchange under the stock code 300378.SZ [1][2]. - The company specializes in providing integrated digital solutions for the manufacturing and distribution industries, focusing on intelligent manufacturing and digital transformation [2][3]. Business Strategy - The company is implementing a strategy centered around "Intelligent+" to enhance its service offerings in artificial intelligence, industrial internet, and smart manufacturing, while continuously innovating its product services [3]. - Dingjie Smart has expanded its business scope to cover four major categories of industrial software, integrating advanced technologies such as AI, big data, IoT, and cloud computing [3]. Financial Data - As of June 30, 2025, the total assets of the company are 361,857.79 million yuan, with total liabilities of 118,407.60 million yuan, resulting in shareholders' equity of 243,450.19 million yuan [4]. - The company reported a net profit of 4,408.23 million yuan for the first half of 2025, with total revenue of 104,492.87 million yuan [4]. Key Financial Indicators - The company's liquidity ratios are as follows: current ratio of 1.70 and quick ratio of 1.60 as of June 30, 2025 [5]. - The asset-liability ratio on a consolidated basis is 32.72% [5]. Risks and Challenges - The company faces risks related to the implementation of its fundraising projects, including potential delays or failures in achieving expected benefits from the digital empowerment platform project [6]. - There is a risk of increased competition in the industrial software market, with both domestic and international players intensifying their efforts [10]. Convertible Bond Issuance - The company plans to issue convertible bonds with a total amount not exceeding 827.66 million yuan, with a maturity of six years [13][21]. - The bonds will be issued at face value of 100 yuan each, targeting a wide range of investors [13][14]. Governance and Compliance - The company has established a robust governance structure, complying with relevant laws and regulations, ensuring that all necessary procedures for the bond issuance have been followed [20][21].

鼎捷数智股份有限公司 （DIGIWIN CO.,LTD.） （上海市静安区江场路 1377 弄 7 号 20 层） 向不特定对象发行可转换公司债券 募集说明书 （修订稿） 保荐机构（主承销商） （福州市湖东路268号） 公告日期：二〇二五年九月 股票简称：鼎捷数智 股票代码：300378 鼎捷数智股份有限公司 募集说明书 声明 中国证券监督管理委员会、深圳证券交易所对本次发行所作的任何决定或意 见，均不表明其对申请文件及所披露信息的真实性、准确性、完整性作出保证， 也不表明其对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断 或保证。任何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担证券依法发行后因发行人经营与收益变化或者证券价格变动引致的投资风险。 本公司特别提请投资者注意，在作出投资决策之前，务必仔细阅读本募集说 明书正文内容，并特别关注以下重要事项。 一、特别风险提示 本公司提请投资者仔细阅读本募集说明书"第三节 风险因素"全文，并特 别注意以下风险： （一）市场竞 ...

兴业证券股份有限公司 关于 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 之 上市保荐书 保荐机构（主承销商） （福州市湖东路 268 号） 2025 年 9 月 鼎捷数智股份有限公司 上市保荐书 保荐机构及保荐代表人声明 兴业证券股份有限公司（以下简称"兴业证券"、"保荐人"或"保荐机 构"）及其保荐代表人已根据《中华人民共和国公司法》（以下简称《公司法》）、 《中华人民共和国证券法》（以下简称《证券法》）等法律法规和中国证券监督管 理委员会（以下简称"中国证监会"）及深圳证券交易所的有关规定，诚实守信， 勤勉尽责，严格按照依法制定的业务规则和行业自律规范出具上市保荐书，并保 证所出具文件真实、准确、完整。 3-3-1 | 保荐机构及保荐代表人声明 1 | | --- | | 目 录 2 | | 释 义 3 | | 一、发行人基本情况 4 | | 二、发行人本次发行情况 13 | | 三、本次证券发行上市的保荐代表人、协办人及项目组其他成员情况 13 | | 四、保荐机构与发行人关联关系说明 14 | | 五、保荐机构承诺事项 15 | | 六、保荐机构关于发行人是否已就本次证券发行上市履行了《公司 ...

关于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的 第二轮审核问询函 之回复报告 保荐机构（主承销商） （福州市湖东路 268 号） 二〇二五年九月 本问询函回复报告中的字体代表以下含义： 本回复中若各加数直接相加之和与合计数在尾数上存在差异，均为四舍五入 所致。 1-2 深圳证券交易所： 贵所《关于鼎捷数智股份有限公司申请向不特定对象发行可转换公司债券的 第二轮审核问询函》（审核函〔2025〕020027 号）（以下简称"问询函"）已收悉。 根据贵所要求，鼎捷数智股份有限公司（以下简称"鼎捷数智"、"发行人" 或"公司"）会同兴业证券股份有限公司（以下简称"兴业证券"、"保荐人"或 "保荐机构"）、北京海润天睿律师事务所（以下简称"发行人律师"）、上会会计 师事务所（特殊普通合伙）（以下简称"申报会计师"）等中介机构对问询函中所 提问题逐项核查，作如下回复，请予审核。 本回复中所用的术语、名称、简称，除特别注明外，与其在《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募集说明书（修订稿）》中的含义相 同。 | 字体 | 含义 | | --- | --- | | 黑体加粗 | 问询函所列问题 | ...

关于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的审核 问询函 之回复报告 保荐机构（主承销商） （福州市湖东路 268 号） 二〇二五年九月 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申请文件 审核问询函回复 深圳证券交易所： 贵所《关于鼎捷数智股份有限公司申请向不特定对象发行可转换公司债券的 审核问询函》（审核函〔2025〕020017 号）（以下简称"问询函"）已收悉。 根据贵所要求，鼎捷数智股份有限公司（以下简称"鼎捷数智"、"发行人" 或"公司"）会同兴业证券股份有限公司（以下简称"兴业证券"、"保荐人"或 "保荐机构"）、北京海润天睿律师事务所（以下简称"发行人律师"）、上会会计 师事务所（特殊普通合伙）（以下简称"申报会计师"）等中介机构对问询函中所 提问题逐项核查，作如下回复，请予审核。 本回复中所用的术语、名称、简称，除特别注明外，与其在《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募集说明书（修订稿）》中的含义相 同。 涉及申报会计师核查情况的数据均来源于《上会会计师事务所(特殊普通合 伙)关于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的审核问询 函的回复》 ...

法律意见书 北京海润天睿律师事务所 关于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的 补充法律意见书 （三） [2025]海字第 021-3 号 | 目 录 1 | | --- | | 声 明 3 | | 第一部分 补充核查期间的信息更新 4 | | 一、发行人本次发行的批准和授权 4 | | 二、发行人本次发行的主体资格 7 | | 三、发行人本次发行的实质条件 8 | | 四、发行人持股 5%以上股东 13 | | 五、发行人的股本及其演变 15 | | 六、发行人的业务 16 | | 七、关联交易及同业竞争 17 | | 八、发行人的主要财产 21 | | 九、发行人的重大债权债务 28 | | 十、发行人的重大资产变化及收购兼并 29 | | 十一、发行人章程的制定与修改 29 | | 十二、发行人的税务 30 | | 十三、需要说明的其他问题 34 | | 第二部分 《问询函》回复更新 36 | | 一、《补充法律意见书（一）》之《问询函》问题 1 36 | | 二、《补充法律意见书（一）》之《问询函》问题 2 44 | | 三、《补充法律意见书（一）》之《问询函》问题 3 56 | | ...