证券日报网讯 9月11日晚间，中科创达发布公告称，公司于2025年9月11日召开了职工代表大会，经全 体与会职工代表表决，选举胡丹女士为公司第五届董事会职工代表董事，与其他董事共同组成公司第五 届董事会，任期自本次职工代表大会审议通过之日起至公司第五届董事会任期届满之日止。 （文章来源：证券日报） ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 证券代码：300496 证券简称：中科创达 公告编号：2025-049 中科创达软件股份有限公司 关于选举职工代表董事的公告 中科创达软件股份有限公司（以下简称"公司"）于 2025 年 9 月 11 日召开了职工 代表大会，经全体与会职工代表表决，选举胡丹女士（简历见附件）为公司第五届董事 会职工代表董事，与其他董事共同组成公司第五届董事会，任期自本次职工代表大会审 议通过之日起至公司第五届董事会任期届满之日止。胡丹女士符合《公司法》等规定的 职工代表董事任职资格和条件，当选公司职工代表董事后，公司第五届董事会中兼任高 级管理人员职务以及由职工代表担任的董事人数未超过公司董事总数的二分之一，符合 相关法律法规的要求。 特此公告 中科创达软件股份有限公司董事会 2025 年 9 月 11 日 1 附件： 职工代表董事简历 胡丹女士，1979 年出生，中国国籍，无境外永久居留权，毕业于武汉大学计算机 科学与技术系计算机应用专业，工学硕士。 现任公司经营管理部总监。曾任公司项目经理、运营经理、职工代表监事，日电卓 越 ...

中国北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮政编码 100025 电话: (86-10) 5809-1000 传真: (86-10) 5809-1100 北京市竞天公诚律师事务所 关于中科创达软件股份有限公司 2025年第二次临时股东会的法律意见书 致：中科创达软件股份有限公司 北京市竞天公诚律师事务所（以下简称"本所"）接受中科创达软件股份有 限公司（以下简称"公司"）的委托，指派本所律师列席公司于 2025 年 9 月 11 日下午 14:30 在北京市海淀区清华东路 9 号院 3 号楼创达大厦召开的公司 2025 年第二次临时股东会（以下简称"本次股东会"），并依据《中华人民共和国公 司法》《中华人民共和国证券法》《上市公司股东会规则》《深圳证券交易所创 业板股票上市规则》等中国现行法律、法规和其他规范性文件（以下简称"中国 法律法规"）及《中科创达软件股份有限公司章程》（以下简称"《公司章程》"） 的规定，就本次股东会的召集和召开程序、出席会议人员资格、召集人资格、会 议表决程序和表决结果等事宜（以下简称"程序事宜"）出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提 ...

证券代码：300496 证券简称：中科创达 公告编号：2025-048 中科创达软件股份有限公司 2025 年第二次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、会议召开情况 1、 召开时间：2025 年 9 月 11 日（星期四）14:30 6、 本次会议的召集、召开符合《中华人民共和国公司法》《上市公司股 东会规则》《深圳证券交易所创业板股票上市规则》等有关法律、行政法规、部 门规章、规范性文件和《中科创达软件股份有限公司章程》的有关规定。 二、会议出席情况 （一）股东出席的总体情况 参加本次股东会现场会议和网络投票表决的股东及股东代理人共 508 人，代 表有表决权的公司股份数合计为 134,696,121 股，占公司有表决权股份总数（"股 份总数"为截至股权登记日公司股本总数剔除回购专用账户的股份总数，下同） 459,410,719 股的 29.3193%。其中：通过现场投票的股东共 3 人，代表有表决权 的公司股份数合计为 128,710,892 股，占公司有表决权股份总数 459,410,719 股的 28.0165%；通 ...

Company Overview - Zhongke Chuangda, established on March 7, 2008, and listed on December 10, 2015, is a leading global provider of intelligent operating systems and edge intelligent products and technologies [1] - The company's main business revenue composition includes software development (37.17%), technical services (31.38%), product sales and others (29.20%), and software licensing (2.24%) [1] Financial Performance - As of June 30, 2025, Zhongke Chuangda achieved operating revenue of 3.299 billion yuan, representing a year-on-year growth of 37.44% [2] - The net profit attributable to shareholders for the same period was 158 million yuan, showing a year-on-year increase of 51.84% [2] Stock Performance - On September 11, Zhongke Chuangda's stock price increased by 2.03%, reaching 73.73 yuan per share, with a total market capitalization of 33.945 billion yuan [1] - The stock has risen by 23.91% year-to-date, with a 1.07% increase over the last five trading days, 23.75% over the last 20 days, and 34.99% over the last 60 days [1] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 9.07% to 86,000, while the average circulating shares per person increased by 9.97% to 4,275 shares [2] - The top circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 11.056 million shares, and E Fund's ChiNext ETF, which decreased its holdings by 203,800 shares [3] Dividend Distribution - Zhongke Chuangda has distributed a total of 774 million yuan in dividends since its A-share listing, with 353 million yuan distributed over the past three years [3] Market Position - The company is categorized under the computer-IT services sector, specifically in IT services, and is involved in various concept sectors including smartwatches, neural networks, NVIDIA concepts, 5G, and mixed reality [1]

Company Overview - Zhongke Chuangda, established on March 7, 2008, and listed on December 10, 2015, is a leading global provider of intelligent operating systems and edge intelligent products and technologies [1] - The company's main business revenue composition includes software development (37.17%), technical services (31.38%), merchandise sales and others (29.20%), and software licensing (2.24%) [1] Financial Performance - For the first half of 2025, Zhongke Chuangda achieved operating revenue of 3.299 billion yuan, representing a year-on-year growth of 37.44% [2] - The net profit attributable to shareholders for the same period was 158 million yuan, showing a year-on-year increase of 51.84% [2] Stock Performance - As of September 10, Zhongke Chuangda's stock price increased by 2.03%, reaching 73.42 yuan per share, with a total market capitalization of 33.802 billion yuan [1] - Year-to-date, the stock price has risen by 23.39%, while it has decreased by 3.29% over the last five trading days [1] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 9.07% to 86,000, while the average number of circulating shares per person increased by 9.97% to 4,275 shares [2] - The top circulating shareholder is Hong Kong Central Clearing Limited, holding 14.7818 million shares, an increase of 11.056 million shares from the previous period [3] Dividend Distribution - Since its A-share listing, Zhongke Chuangda has distributed a total of 774 million yuan in dividends, with 353 million yuan distributed over the last three years [3] Market Position - Zhongke Chuangda is classified under the Shenwan industry as Computer-IT Services II-IT Services III, and is involved in sectors such as smart watches, neural networks, NVIDIA concepts, 5G, and mixed reality (MR) [1]

9月9日，在2025德国国际汽车及智慧出行博览会（IAA MOBILITY）上，中科创达与吉利汽车集团联合 发布基于NVIDIA的新产品AIBOX。该方案基于NVIDIA DRIVE AGX车载计算平台，搭载中科创达滴水 AIOS。 ...

Core Viewpoint - The company reported significant growth in revenue and net profit for the first half of 2025, driven by strong performance across all business lines, particularly in the smart IoT sector [1][2]. Financial Performance - In H1 2025, the company achieved revenue of 3.299 billion yuan, a year-on-year increase of 37.4%, and a net profit attributable to shareholders of 158 million yuan, up 51.8% [1]. - The second quarter alone saw revenue growth of 49.7%, net profit growth of 384.2%, and a staggering 1613.9% increase in non-recurring net profit [1]. - Revenue from the smart software business line was 841 million yuan (YoY +10.5%), smart automotive business line revenue was 1.189 billion yuan (YoY +7.85%), and the smart IoT business line revenue reached 1.27 billion yuan (YoY +136.1%) [1]. Business Segments - All three business lines showed growth rates higher than the full year of 2024, indicating improved downstream demand [1]. - The significant increase in the smart IoT product line's revenue was primarily due to the consolidation of T2Mobile at the end of 2024 [1]. - Domestic business revenue in H1 2025 was 1.74 billion yuan (YoY +13.0%), while overseas business revenue reached 1.56 billion yuan (YoY +81.4%), nearing the domestic revenue level [1]. Profitability and Cost Management - Gross margins for the smart automotive, smart software, and smart IoT business lines were 46.0%, 37.1%, and 18.5%, respectively, showing improvements compared to the full year of 2024 [2]. - The company managed to reduce its sales, management, and R&D expense ratios to 3.38%, 8.42%, and 17.23%, respectively, leading to a net profit margin increase to 4.8% (YoY +0.45%) [2]. Product Development - The company is enhancing its smart vehicle products, launching the AI-native operating system "滴水OS" and collaborating with Huoshan Engine on AI cockpit solutions [2]. - The product matrix in the edge AI sector is expanding, including new offerings like AI forklifts, TurboX AI glasses, and a new video conferencing all-in-one design [2]. Earnings Forecast and Investment Recommendation - Based on the latest financial report, the company adjusted its profit forecasts for 2025-2027, estimating net profits of 471 million yuan, 567 million yuan, and 665 million yuan, respectively [3]. - The reasonable valuation level is set at 73 times PE for 2026, corresponding to a target price of 89.79 yuan, maintaining a buy rating [3].

Industry Overview - Goldman Sachs projects a 9% year-on-year revenue growth for Chinese software companies in the first half of 2025, with an average net profit margin of -3% due to seasonal industry weakness [1] - Key drivers for optimism in the second half of 2025 include increased demand for AI functionalities, the proliferation of cloud platforms with data services, and the launch of new AI-enabled products [2] Strategic Focus Areas - Companies are focusing on three main strategic directions: monetization of AI tools, diversification into overseas markets or new business areas, and integration of AI with core software products to enhance customer willingness to pay and market share [3] Valuation Levels - As of the report's release, the average price-to-earnings (P/E) ratio for covered Chinese software companies has risen to 55-60 times, with an average enterprise value/sales (EV/Sales) ratio of 8-9 times, indicating a recovery but still below the 12-18 times range seen in 2020-2021 [4][5] Key Company Performance and Valuation Analysis Yonyou Network (Yonyou, 600588.SH) - Yonyou's revenue for 2025 is projected at 22.03 billion RMB, a 7% increase, with a significant reduction in net loss to 2.09 billion RMB from 3.41 billion RMB in 2024, driven by growth in SMB business and recovery in large client demand [7] - Goldman Sachs adjusts Yonyou's 2025 net loss forecast to 5.94 billion RMB, reflecting challenges in the medium enterprise cloud business [9] - The target price for Yonyou is set at 17.19 RMB, maintaining a "Neutral" rating [10] Glodon (002410.SZ) - Glodon's revenue is expected to decline by 5% in 2025, primarily due to challenges in the construction cost software business, although the construction management software segment shows signs of recovery [12] - Goldman Sachs revises Glodon's 2025 net profit forecast upward to 510 million RMB, a growth of 18% [13] - The target price for Glodon is set at 12.2 RMB, maintaining a "Sell" rating [14] Thundersoft (300496.SZ) - Thundersoft's revenue is projected to reach 1.831 billion RMB in 2025, a 50% increase, driven by AIoT business growth [17] - Goldman Sachs raises Thundersoft's revenue forecast for 2025-2027 by 4%-8% but adjusts net profit forecasts slightly downward due to lower-than-expected margins [18] - The target price for Thundersoft is set at 52.4 RMB, maintaining a "Sell" rating [19] Other Key Companies - ZWSOFT (688083.SS) is expected to generate 208 million RMB in revenue, with a focus on low-margin solutions [25] - Sangfor (300454.SZ) anticipates a revenue of 1.747 billion RMB, with a return to profitability [25] - Kingdee (0268.HK) projects a revenue of 3.192 billion RMB, benefiting from cloud business and AI functionalities [25] - Empyrean (301269.SZ) expects a revenue of 267 million RMB, driven by AI demand in chip design [25]

Group 1: Overall Performance of China's Software Industry in 2025 - In the first half of 2025, the average revenue of covered Chinese software companies grew by 9% year-on-year, while the average net profit margin was -3% due to seasonal industry weakness [1] - Notable outperformers included Kingsoft Office, Thundersoft, and Sensetime, driven by increased AI investments, while Glodon and Sangfor saw improved net profit performance in Q2 2025 due to enhanced employee productivity [1] Group 2: Industry Outlook - ERP suppliers like Yonyou and Kingdee, along with AI providers such as Sensetime and iFlytek, are optimistic about revenue growth in the second half of 2025, driven by rising demand for AI functionalities and the proliferation of cloud platforms [2] Group 3: Strategic Focus Areas - Companies are focusing on three strategic directions: monetizing AI tools, diversifying into overseas markets or new business areas, and integrating AI with core software products to enhance customer willingness to pay and market share [3] Group 4: Valuation Levels - As of the report's release, the average P/E ratio for Chinese software companies rose to 55-60 times, with an average EV/Sales ratio of 8-9 times, although these remain below the 12-18 times levels seen in 2020-2021 [4] - Goldman Sachs believes there is further upside potential for valuations as AI-related revenues grow and companies transition to subscription-based models [5] Group 5: Key Software Companies Performance and Valuation Analysis - Yonyou's revenue for 2025 is projected at 22.03 billion RMB, a 7% increase, with a narrowed net loss of 2.09 billion RMB, driven by growth in SMB business and recovery in large client demand [6][7] - Glodon's revenue is expected to decline by 5% in 2025, primarily due to challenges in the construction cost software business, although net profit margin improved to 13% in Q2 2025 [10] - Thundersoft's revenue is projected to reach 1.831 billion RMB in 2025, a 50% increase, with a significant contribution from AIoT business, despite a decline in overall gross margin [18][19] Group 6: Other Key Company Summaries - ZWSOFT is expected to generate 208 million RMB in revenue in 2025, with a focus on low-margin solutions [26] - Sangfor's revenue is projected at 1.747 billion RMB, with a 4% year-on-year increase, benefiting from cloud computing growth [26] - Kingdee's revenue for the first half of 2025 is expected to be 3.192 billion RMB, driven by cloud business and AI functionalities [26] - Empyrean's revenue is projected at 267 million RMB, with a 13% year-on-year increase, supported by AI-driven demand in chip design [26]