Core Insights - The company, Yingjianke, focuses on digital solutions in the construction, municipal, and power infrastructure sectors, emphasizing data generation and processing across design, construction, and management phases [1] - The company has expanded its core business to include carbon emissions, green energy efficiency, and AI applications, positioning itself at the heart of the data value chain [1] - Its products and services provide high-value data resources in areas such as BIM models, engineering design parameters, project operation information, and energy consumption data, enhancing its role in the data factor market through analytical tools, data services, and digital twin models [1]

9月23日，盈建科跌5.09%，截至发稿，报24.44元/股，成交1800.14万元，换手率1.20%，总市值19.41亿 元。 资料显示，北京盈建科软件股份有限公司位于北京市北三环东路36号环球贸易中心C座18层，成立日期 2010年12月3日，上市日期2021年1月20日，公司主营业务涉及建筑结构设计软件的开发、销售及相关技 术服务、为建筑设计行业提供从建模、计算、设计到出图覆盖全设计流程的综合解决方案。主营业务收 入构成为：软件销售52.64%，技术开发和服务28.84%，其他9.94%，软件使用费8.59%。 从盈建科十大流通股东角度 截至发稿，夏高累计任职时间10年295天，现任基金资产总规模22.6亿元，任职期间最佳基金回报 215.74%， 任职期间最差基金回报-71.74%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，大成基金旗下1只基金位居盈建科十大流通股东。大成中证360互联网+指数A（002236）二 季度减持3. ...

（文章来源：证券日报） 证券日报网讯盈建科9月22日在互动平台回答投资者提问时表示，截至2025年9月10日，公司股东总户数 为10130户。 ...

Core Points - The company Yingjianke (300935.SZ) reported a decline in revenue and increased net losses for the first half of 2025 compared to the previous year [1][2] - The company's operating income for the first half of 2025 was 48.45 million yuan, a decrease of 4.11% year-on-year [2] - The net profit attributable to shareholders was -32.38 million yuan, representing a 32.01% increase in losses compared to the same period last year [2] - The net profit after deducting non-recurring gains and losses was -36.56 million yuan, a 22.34% increase in losses year-on-year [2] - The net cash flow from operating activities was -40.72 million yuan, a decline of 14.78% compared to the previous year [2] Financial Performance Summary - In 2024, the company achieved an operating income of 133.82 million yuan, down 17.65% from 2023 [4] - The net profit attributable to shareholders in 2024 was -50.78 million yuan, a 26.35% increase in losses compared to 2023 [4] - The net profit after deducting non-recurring gains and losses for 2024 was -62.50 million yuan, a 16.54% increase in losses year-on-year [4] - The net cash flow from operating activities in 2024 was -32.42 million yuan, a 12.00% decline compared to 2023 [4] Historical Financial Data - In 2022, the company reported an operating income of 167.36 million yuan and a net profit of -27.94 million yuan [3] - The net profit after deducting non-recurring gains and losses in 2022 was -44.59 million yuan, with a net cash flow from operating activities of -50.05 million yuan [3] IPO and Fundraising - Yingjianke was listed on the Shenzhen Stock Exchange's ChiNext on January 20, 2021, with an initial issuance of 14.13 million shares at a price of 56.96 yuan per share [4][5] - The total funds raised from the IPO amounted to 80.48 million yuan, with a net amount of 73.74 million yuan after deducting issuance costs [5] - The company planned to use the raised funds for various projects, including the development of a Building Information Modeling (BIM) platform and marketing network expansion [5]

Core Viewpoint - The financial performance of Yingjianke (300935) for the first half of 2025 shows a decline in revenue and net profit, indicating potential challenges in its business operations and financial health [1] Financial Performance Summary - Total revenue for the reporting period was 48.449 million, a year-on-year decrease of 4.11% [1] - Net profit attributable to shareholders was -32.3764 million, a year-on-year decline of 32.01% [1] - In Q2, total revenue was 32.636 million, down 11.1% year-on-year [1] - Q2 net profit attributable to shareholders was -14.4984 million, a significant drop of 176.86% year-on-year [1] - Gross margin was 82.29%, down 11.18% year-on-year [1] - Net margin was -66.83%, a decrease of 37.67% year-on-year [1] - Total selling, administrative, and financial expenses amounted to 47.3446 million, representing 97.72% of revenue, an increase of 7.91% year-on-year [1] - Earnings per share were -0.41, a decrease of 32.26% year-on-year [1] Changes in Financial Items - Cash and cash equivalents decreased by 85.36% due to the purchase of bank wealth management products not yet matured [2] - Inventory decreased by 62.85% as contract performance costs were realized in sales [2] - Lease liabilities decreased by 34.67% due to a reduction in unpaid lease payments [2] - Long-term receivables decreased by 48.55% due to a reduction in receivables from long-term installment contracts [2] - Development expenditures increased by 58.71% due to capitalized investments in self-research projects [2] - Employee compensation payable decreased by 42.34% due to the payment of last year's accrued bonuses [2] - Tax payable decreased by 63.83% due to a reduction in value-added tax payable at the end of the reporting period [2] Cost and Expense Analysis - Operating costs increased by 130.93% due to rising hardware equipment costs [3] - Financial expenses rose by 54.02% due to decreased interest income from bank deposits and increased interest expenses on lease liabilities [4] Business Evaluation - The company's net margin last year was -37.95%, indicating low added value for its products or services [5] - Historical data shows a median ROIC of 37.4% since listing, with significant fluctuations in investment returns [5] - The company has reported losses in four out of its eight years since listing, suggesting potential concerns for value investors [5] Cash Flow and Financial Health - The company has a concerning cash flow situation, with a three-year average of operating cash flow to current liabilities at -128.27% [7] - Financial expenses have been consistently negative over the past three years, indicating potential liquidity issues [7] Business Model Insights - The company's performance relies heavily on research and marketing efforts, necessitating a thorough examination of the underlying drivers of these activities [6]

Core Insights - Yingjian Technology (300935.SZ) released its semi-annual report for 2025 on August 22, 2025, indicating a total of 3 institutional investors holding shares, amounting to 1.8666 million shares, which represents 2.35% of the total share capital [1] - The institutional investors include Shanghai Zijie Private Fund Management Co., Ltd. - Zijie Growth Selected No. 1 Private Securities Investment Fund, Industrial and Commercial Bank of China - Dacheng CSI 360 Internet + Big Data 100 Index Securities Investment Fund, and Shanghai Zijie Private Fund Management Co., Ltd. - Zijie Hongyang No. 1 Private Securities Investment Fund, with a total institutional holding ratio increase of 1.55 percentage points compared to the previous quarter [1] - In the public fund sector, there was a decrease in holdings from one public fund, specifically Dacheng CSI 360 Internet + Index A, with a slight decline in holding proportion compared to the previous quarter [1]

Group 1 - The board meeting of Beijing Yingjianke Software Co., Ltd. was held on August 20, 2025, with all 9 directors present, and the meeting complied with relevant laws and regulations [1][2] - The board approved the proposal regarding the "2025 Semi-Annual Report" and its summary, with a unanimous vote of 9 in favor [2] - The board also approved the "Special Report on the Storage, Management, and Use of Raised Funds for the First Half of 2025," confirming compliance with regulations and no misuse of funds [2]

Group 1 - The fourth supervisory board meeting of Beijing Yingjianke Software Co., Ltd. was held on August 20, 2025, with all three supervisors present [1][2] - The supervisory board approved the 2025 semi-annual report and its summary, confirming that the report accurately reflects the company's actual situation without any false records or omissions [1][2] - The supervisory board also approved the special report on the management and use of raised funds for the first half of 2025, stating compliance with relevant regulations and no misuse of funds [2]

Core Viewpoint - Beijing Yingjianke Software Co., Ltd. reported a decline in revenue and net profit for the first half of 2025 compared to the same period in the previous year, indicating financial challenges faced by the company [1]. Financial Performance - The company's operating revenue for the reporting period was 48,448,954.25 yuan, a decrease of 4.11% from 50,526,178.76 yuan in the previous year [1]. - The net profit attributable to shareholders was -32,376,350.39 yuan, down 32.01% from -24,525,118.96 yuan year-on-year [1]. - The net profit after deducting non-recurring gains and losses was -36,555,666.04 yuan, a decline of 22.34% from -29,880,540.13 yuan in the previous year [1]. - The net cash flow from operating activities was -40,718,924.13 yuan, representing a decrease of 14.78% from -35,474,752.56 yuan in the previous year [1]. - Basic and diluted earnings per share were both -0.41 yuan, down 32.26% from -0.31 yuan in the previous year [1]. - The weighted average return on equity was -3.93%, compared to -2.80% in the previous year [1]. Asset and Equity Position - Total assets at the end of the reporting period were 853,496,550.99 yuan, a decrease of 5.24% from 900,687,185.16 yuan at the end of the previous year [1]. - The net assets attributable to shareholders were 807,422,100.00 yuan, down 3.73% from 838,707,693.46 yuan at the end of the previous year [1]. Shareholder Information - The top ten shareholders include individuals with significant stakes, such as Chen Dailin holding 16.81% and Zhang Jianyun holding 15.34% [2]. - There were no changes in the controlling shareholder or actual controller during the reporting period [2].

Core Viewpoint - Beijing YJK Building Software Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, indicating challenges in the market and operational performance [2][4]. Company Overview and Financial Indicators - The company is listed on the Shenzhen Stock Exchange under the stock code 300935, focusing on software development and technical services for various sectors including construction, municipal, and power industries [2]. - The total revenue for the reporting period was approximately 48.45 million yuan, a decrease of 4.11% compared to the previous year [2]. - The net profit attributable to shareholders was a loss of approximately 32.38 million yuan, representing a 32.01% increase in losses year-over-year [2]. - The company reported a negative cash flow from operating activities of approximately 40.72 million yuan, worsening by 14.78% compared to the previous year [2]. - Total assets at the end of the reporting period were approximately 853.50 million yuan, down 5.24% from the previous year [2]. Business Operations - The company specializes in software development for the construction and infrastructure sectors, utilizing advanced technologies such as BIM (Building Information Modeling) and AI [3][4]. - The company has developed a range of core technologies and products, including a general BIM and digital software development platform, high-performance graphics platform, and various specialized software for different engineering fields [4][5]. - The BIMFire platform supports multi-disciplinary collaboration and data sharing, enhancing the efficiency of design and construction processes [5][8]. Product Offerings - The company offers a comprehensive suite of software products, including: - YJK Building Structure Design Software System, which integrates BIM technology for full lifecycle solutions [14][15]. - Green Building Design Software System, which provides energy consumption calculations and carbon emission simulations [16][17]. - Full Professional BIM Design and Collaboration Software System, covering multiple engineering disciplines [18][19]. - Bridge Lifecycle Digital Solutions, including design, analysis, and monitoring software [20][21]. - Construction Management Software, which enhances project planning and execution [22]. Technological Innovations - The company has established a robust technological foundation with fully independent intellectual property rights, allowing for flexibility and innovation in product development [3][4]. - The high-performance graphics platform supports large-scale model rendering and cross-platform collaboration, enhancing user experience and operational efficiency [6][7]. - The integration of AI and large language models into software solutions aims to improve design processes and operational efficiency through intelligent automation [12][13].