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]

Core Viewpoint - The announcement from Zhongke Chuangda regarding the results of the third vesting period of its 2021 restricted stock incentive plan indicates a total of 163 individuals will receive shares, with a total of 382,975 shares vesting, representing 0.08% of the company's total share capital before vesting [1] Summary by Relevant Sections - **Restricted Stock Incentive Plan** - The company has announced the results of the third vesting period of its 2021 restricted stock incentive plan [1] - A total of 163 individuals are involved in this vesting [1] - **Share Details** - The number of shares that will vest is 382,975 [1] - This amount constitutes 0.08% of the company's total share capital prior to vesting [1] - **Listing Information** - The shares from this vesting will be available for trading starting September 8, 2025 [1] - The shares are sourced from the company's directed issuance of A-share common stock to the incentive recipients [1]

第三个归属期归属结果暨股份上市的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、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：2025-047 中科创达软件股份有限公司 关于公司 2021 年限制性股票激励计划 中科创达软件股份有限公司（以下简称"公司"）于2024年10月11日召开第五届董 事会第三次会议和第五届监事会第三次会议，审议通过了《关于公司2021年限制性股 票激励计划第三个归属期归属条件成就的议案》《关于调整公司2021年限制性股票激 励计划股票授予价格的议案》，于2025年8月26日召开第五届董事会第十次会议和第 五届监事会第八次会议，审议通过了《关于调整公司2021年限制性股票激励计划股票 授予价格的议案》。近日公司办理了2021年限制性股票激励计划第三个归属期归属股 份的登记工作，现将有关具体情况公告如下： 一、2021 年限制性股票激励计划实施情况概要 （一）股权激励计划简介。 2021 年 9 月 6 日，公司第四届董事会第三次会议审议通过了《关于公司<2021 年限制性股票激励计划（草案）>及其摘要的议案》《关于公司<2 ...

Group 1 - The report highlights that SAIC Motor Corporation achieved a total revenue of 299.59 billion yuan in H1 2025, representing a year-on-year increase of 5.2%, while the net profit attributable to shareholders was 6.02 billion yuan, a decrease of 9.2% [4][5] - The company reported a significant increase in non-recurring net profit, which reached 5.43 billion yuan, up 432.2% year-on-year, indicating strong operational performance despite challenges [4][5] - The sales volume of SAIC Motor's vehicles in H1 2025 was 2.053 million units, an increase of 12.4% year-on-year, with a notable 40.2% increase in new energy vehicle sales [5][6] Group 2 - Shenzhou Taiyue's H1 2025 revenue was 2.685 billion yuan, down 12.05% year-on-year, with a net profit of 509 million yuan, reflecting a decline of 19.26% [11][12] - The gaming segment contributed 75.53% of total revenue, with a significant drop in revenue from major titles, indicating a need for new product launches to drive growth [12][13] - The company is expected to enter a three-year product cycle from 2025 to 2027, with multiple new games set to launch, which could enhance revenue streams [12][14] Group 3 - Lemon Film's H1 2025 revenue reached 401 million yuan, a remarkable increase of 108.5% year-on-year, with a net profit of 10.82 million yuan, compared to a loss in the previous year [17][18] - The growth was driven by overseas distribution and short drama business expansion, alongside effective cost control measures [18][19] - The company is positioned as a leader in the long drama industry, with strong content production capabilities and a focus on overseas and short drama markets [21][22] Group 4 - Jinshi Resources reported a revenue of 1.726 billion yuan in H1 2025, a year-on-year increase of 54.24%, primarily due to the release of production capacity in fluorochemical products [23][24] - The company faced a net profit decline of 24.74% due to operational challenges and increased costs associated with mining projects [24][25] - The strategic shift towards global resource integration is expected to yield long-term benefits, with projected revenues of 3.727 billion yuan in 2025 [27][28] Group 5 - Zhongke Chuangda's H1 2025 revenue was 3.299 billion yuan, up 37.44% year-on-year, with a net profit of 158 million yuan, reflecting a growth of 51.84% [29][30] - The smart IoT business saw a remarkable growth of 136%, becoming the fastest-growing segment, while the smart automotive and software businesses maintained steady expansion [30][31] - The company is expected to continue leading in the edge AI sector, with projected revenues of 6.533 billion yuan by 2027 [35] Group 6 - Sound Group Inc. achieved a total revenue of 1.358 billion yuan in H1 2025, a 46.9% increase year-on-year, with a net profit of 68 million yuan, marking a turnaround from losses [39][42] - The audio entertainment segment remains the core revenue driver, while AI-related services are expected to enhance growth potential [39][40] - The company is focusing on user engagement and content creation to improve monetization and user retention [41][42] Group 7 - Beautiful Field Medical Health reported a revenue of 1.459 billion yuan in H1 2025, a 28.2% increase year-on-year, with a net profit of 171 million yuan, reflecting a growth of 35.5% [44][45] - The growth was driven by an increase in active members and the expansion of health services, particularly in the sub-health sector [45][46] - The company is expected to maintain a strong growth trajectory, with projected revenues of 3 billion yuan by 2027 [46]