Summary of Key Points Core Viewpoint - Zhongke Chuangda Software Co., Ltd. has announced the progress of its share repurchase plan, indicating a commitment to enhancing shareholder value through strategic buybacks [1]. Group 1: Share Repurchase Plan Overview - On April 7, 2025, the company's board approved a share repurchase plan, intending to buy back shares through centralized bidding for employee stock ownership plans or equity incentives [2]. - The total amount allocated for the repurchase is between 50 million yuan and 100 million yuan, with a maximum repurchase price set at 96 yuan per share [2]. - The funding for the repurchase will come from the company's own or self-raised funds, with a timeline of 12 months from the board's approval [2]. Group 2: Latest Repurchase Progress - As of August 31, 2025, the company has repurchased a total of 601,300 shares, representing 0.13% of the total share capital [3]. - The highest transaction price during the repurchase was 55.90 yuan per share, while the lowest was 48.65 yuan per share, with a total expenditure of 30.74 million yuan (excluding fees) [3]. - The company plans to apply for a special loan from a bank to continue the repurchase plan and has received a loan commitment letter from China Merchants Bank [3]. Group 3: Compliance and Future Plans - The company has adhered to relevant regulations regarding the timing, quantity, and trading methods of the share repurchase [4]. - The repurchase was conducted without impacting the trading prices of the securities and complied with the requirements set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange [4]. - The company will continue to implement the repurchase plan based on market conditions and will fulfill its information disclosure obligations as required [4].

证券日报网讯9月3日晚间，中科创达（300496）发布公告称，截至2025年8月31日，公司通过回购专用 证券账户以集中竞价交易方式累计回购公司股份数量为60.13万股，占公司总股本的0.13%，最高成交价 为55.90元/股，最低成交价为48.65元/股，已使用资金总额为3，074.74万元(不含手续费)。 ...

Summary of Key Points Core Viewpoint - Zhongke Chuangda (300496.SZ) has announced a share buyback program, successfully repurchasing a total of 601,300 shares, which represents 0.13% of the company's total share capital, in compliance with its established buyback plan and relevant regulations [1] Group 1: Buyback Details - The company has repurchased shares through a dedicated securities account via centralized bidding [1] - The highest transaction price for the repurchased shares was 55.90 CNY per share, while the lowest was 48.65 CNY per share [1] - The total amount of funds used for the buyback reached 30.7474 million CNY, excluding transaction fees [1]

一、 股份回购进展情况 公司拟向银行申请回购专项贷款用于继续实施本次回购计划，并已取得招商 银行股份有限公司北京分行出具的《贷款承诺函》，具体内容详见公司披露于巨 潮资讯网的《关于取得金融机构股票回购专项贷款承诺函的公告》。 截至2025年8月31日，公司通过回购专用证券账户以集中竞价交易方式累计 回购公司股份数量为60.13万股，占公司总股本的0.13%，最高成交价为55.90元/ 股，最低成交价为48.65元/股，已使用资金总额为3,074.74万元（不含手续费）。 公司上述回购实施情况符合既定回购方案及相关法律法规的要求。 证券代码：300496 证券简称：中科创达 公告编号：2025-046 中科创达软件股份有限公司 关于回购公司股份的进展公告 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。 中科创达软件股份有限公司（以下简称"公司"）于2025年4月7日召开第五 届董事会第七次会议审议通过《关于回购公司股份方案的议案》，公司拟以集中 竞价交易方式回购公司股份，本次用于回购的资金总额为不低于人民币5,000万 元（含），不超过人民币10,000万元（含 ...

Investment Rating - The investment rating for the company is "Buy-A" with a 6-month target price of 87.61 CNY, compared to the current stock price of 74.38 CNY [6][11]. Core Views - The company has shown significant revenue growth, with total revenue reaching 3.299 billion CNY in H1 2025, a year-on-year increase of 37.44%. The net profit attributable to shareholders was 158 million CNY, up 51.84% year-on-year [1]. - The smart IoT business line has seen substantial growth, achieving revenue of 270 million CNY in H1 2025, a remarkable increase of 136.14% year-on-year. The company is integrating new IoT technologies with AI and edge computing, enhancing product capabilities [2]. - The company has effectively controlled costs, resulting in improved profit margins. The gross margin and net margin for H1 2025 were 33.16% and 5.29%, respectively, with a notable increase in net margin by 1.15 percentage points year-on-year [3]. - The company is expanding its global market presence, with overseas revenue growing by 81.41% year-on-year in H1 2025, indicating strong international demand for its products [4]. Summary by Sections Financial Performance - In H1 2025, the company achieved total revenue of 3.299 billion CNY, a 37.44% increase year-on-year, and a net profit of 158 million CNY, up 51.84% year-on-year. In Q2 2025, revenue was 1.831 billion CNY, a 49.72% increase year-on-year, with net profit soaring by 384.21% to 66 million CNY [1]. Business Segments - The smart IoT segment generated 270 million CNY in revenue, a 136.14% increase year-on-year. The smart automotive segment reported revenue of 1.189 billion CNY, a 7.85% increase, while the smart software segment achieved 841 million CNY, up 10.52% year-on-year [2]. Cost Management - The company maintained a good cost control rhythm, with sales, management, and R&D expense ratios decreasing by 0.33, 0.46, and 3.43 percentage points, respectively, compared to the same period last year [3]. Global Expansion - The company has established R&D centers in 16 countries, leading to a 12.96% increase in domestic revenue and an 81.41% increase in overseas revenue in H1 2025 [4].

Group 1 - The three major indices rebounded collectively, with the ChiNext Index rising by 1.6%, and sectors such as precious metals, gaming, batteries, and jewelry leading the gains [1] - The Huaxia ChiNext Software ETF (159256) saw a significant increase in its holdings, particularly in companies like Zhongke Chuangda, which rose over 6%, along with other holdings such as Shenzhou Taiyue, Kunlun Wanwei, and Tonghuashun also experiencing gains [1] - Tianfeng Securities' research report highlights that while the current market is dominated by general AI agents and large industry models, specialized agents that integrate industry knowledge and workflows are expected to mature in vertical fields such as gaming, healthcare, marketing, education, finance, and office work, driving industrial intelligent transformation [1] Group 2 - The Huaxia ChiNext Software ETF (159256) tracks the ChiNext Software Index (399264), focusing on 50 high-quality AI software stocks in the ChiNext market, with a strong emphasis on AI applications in financial technology, AI agents, and AI gaming [2] - The software development and IT services sectors account for a substantial 70% of the index, with key weighted stocks including Tonghuashun, Runhe Software, Softcom Power, Guiding Compass, Kunlun Wanwei, and Deepin Technology [2] - Related products include the Huaxia ChiNext Software ETF (159256), Huaxia ChiNext 200 ETF (159573), and the Artificial Intelligence AI ETF (515070) [2]

Group 1 - Zhongke Chuangda's stock increased by 5.1%, reaching 78.17 CNY per share, with a trading volume of 750 million CNY and a turnover rate of 2.65%, resulting in a total market capitalization of 35.959 billion CNY [1] - 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 revenue composition includes software development (37.17%), technical services (31.38%), product sales and others (29.20%), and software licensing (2.24%) [1] Group 2 - Huazhong Fund's Huazhong Chuangye 50 ETF (159949) reduced its holdings by 221,400 shares in the second quarter, now holding 3.3233 million shares, which accounts for 0.9% of the circulating shares [2] - The estimated floating profit from this transaction is approximately 12.5954 million CNY [2] - The Huazhong Chuangye 50 ETF was established on June 30, 2016, with a current scale of 25.16 billion CNY and a year-to-date return of 39.29%, ranking 651 out of 4222 in its category [2]

Investment Rating - The report maintains a "Strong Buy" rating for the company with a target price of 95.04 CNY per share [2][8]. Core Insights - The company reported a significant revenue increase of 37.44% year-on-year, reaching 3.299 billion CNY in the first half of 2025, with a net profit of 158 million CNY, up 51.84% year-on-year [2]. - The smart IoT business has become the core growth engine, achieving a revenue of 1.27 billion CNY, a substantial increase of 136.14% year-on-year, driven by continuous development in the AIoT sector [8]. - The company has maintained high R&D investment, amounting to 846 million CNY in the first half of 2025, representing 25.64% of its revenue, supporting product innovation under its core strategy of "Operating System + Edge Intelligence" [8]. - The release of the AI-native vehicle operating system, Drip OS 1.0 Evo, marks a significant advancement in the company's automotive strategy, integrating AI capabilities for enhanced performance [8]. - The company expects revenues of 7.231 billion CNY, 8.873 billion CNY, and 10.581 billion CNY for 2025, 2026, and 2027 respectively, with growth rates of 34.3%, 22.7%, and 19.2% [8]. Financial Summary - The company achieved a total revenue of 5.385 billion CNY in 2024A, with projected revenues of 7.231 billion CNY in 2025E, 8.873 billion CNY in 2026E, and 10.581 billion CNY in 2027E [4]. - The net profit for 2024A is projected at 407 million CNY, with expected growth to 501 million CNY in 2025E, 608 million CNY in 2026E, and 732 million CNY in 2027E [4]. - The earnings per share (EPS) is expected to increase from 0.89 CNY in 2024A to 1.09 CNY in 2025E, 1.32 CNY in 2026E, and 1.59 CNY in 2027E [4].

Core Viewpoint - The company, Zhongke Chuangda, maintains strong collaborations with major global chip manufacturers across different chip platforms for its operating system products and technologies [1] Group 1 - The company has established a partnership with Cambricon in the field of edge computing [1]

Group 1 - Zhongke Chuangda experienced a decline of 5.12% on September 2, with a stock price of 74.30 yuan per share, a trading volume of 1.97 billion yuan, a turnover rate of 7.07%, and a total market capitalization of 34.179 billion yuan [1] - Zhongke Chuangda Software Co., Ltd. is located in Haidian District, Beijing, and was established on March 7, 2008, with its listing date on December 10, 2015. The company specializes in intelligent operating systems and edge intelligent products and technology [1] - The revenue composition of Zhongke Chuangda includes software development at 37.17%, technical services at 31.38%, merchandise sales and others at 29.20%, and software licensing at 2.24% [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Caitong Fund has a significant holding in Zhongke Chuangda. The Caitong CSI 500 Index Enhanced A (018633) held 21,900 shares in the second quarter, accounting for 1.01% of the fund's net value, ranking as the fourth-largest heavy stock [2] - The Caitong CSI 500 Index Enhanced A (018633) was established on July 13, 2023, with a latest scale of 37.779 million yuan. Year-to-date returns are 26.72%, ranking 1704 out of 4222 in its category; the one-year return is 48.81%, ranking 1830 out of 3781; and since inception, the return is 22.56% [2] - The fund managers of Caitong CSI 500 Index Enhanced A include Zhu Haidong, Gu Hongyuan, and Guo Xin, with varying tenures and performance records [2]