2、AI技术在企业级应用中的渗透率不断提升，贵司的AI智能体 开发平台，未来会有哪些新的应用场景？ 证券代码：300996 证券简称：普联软件 编号：2025-006 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 □业绩说明会 | | 活动类别 | □新闻发布会 □路演活动 | | | □其他 ☑现场参观 | | | 中信建投证券股份有限公司：于婧、张博文、李雪；中信建投基 金管理有限公司：张倩；国泰租赁有限公司：郭牧宇；山东融鑫投资 | | 参与单位及 人员 | 股份有限公司：汤万全；华鲁投资发展有限公司：马宁科；北京诺峰 | | | 汇资产管理有限公司：张扬扬、高振凯；文泰商学院：黄鹏飞、韩丰 | | | 田；个人投资者：苏俊霏。 | | 时间 | 2025年9月10日 15:00-16:30 | | 地点 | 济南市高新区舜泰北路789号B座20层 会议室 | | 上市公司接 | 副总经理、董秘 乔海兵 | | 待人员 | 证券事务代表 张庆超 | | | 2025年9月10日，中信建投及多位投资者走进普联软件，通过现 | | | 场参观方式，了解 ...

证券日报网讯普联软件（300996）9月3日在互动平台回答投资者提问时表示，截至2025年8月29日，公 司股东总户数为21，311户。 ...

Group 1 - The core point of the article is that Puling Software has experienced a significant decrease in shareholder numbers and stock performance, alongside mixed financial results for the first half of the year [2][3] Group 2 - As of August 31, the number of shareholders for Puling Software was 21,311, a decrease of 2,571 from the previous period, representing a decline of 10.77% [2] - The latest stock price for Puling Software is 17.68 yuan, down 0.56%, with a cumulative decline of 8.72% since the concentration of shares began [2] - The stock experienced 3 days of increase and 7 days of decrease during the reporting period [2] Group 3 - The latest margin trading data shows that as of September 2, the total margin balance for the stock is 247 million yuan, with a financing balance of 247 million yuan, reflecting a decrease of 30.32 million yuan, or 10.92% [2] Group 4 - For the first half of the year, Puling Software reported total operating revenue of 210 million yuan, an increase of 9.45% year-on-year, while net profit was 1.2067 million yuan, a decrease of 90.99% year-on-year [2] - The basic earnings per share were 0.0043 yuan, and the weighted average return on equity was 0.09% [2]

格隆汇9月2日丨普联软件(300996.SZ)在投资者互动平台表示，PanGPT目前已升级至V2.0版本，公司通 过智能体开发平台，将知识问答、文档处理、数据问答和自动化任务等AI能力，与财务共享、税务管 理、全面预算、金融保险、设备运维、司库等核心业务场景深度融合，打造"人+AI""事+AI"的智能化 应用模式。 在实际应用方面，PanGPT V2.0已在多个领域落地：在智慧安全管理领域，可对施工现场影 像进行智能识别，实现安全风险预警，并以自然语言生成数据分析报告；在金融保险、财务共享、司库 管理等领域，公司正积极推进AI智能体在风险管理、监管报送、投资管理等场景的解决方案研发，部 分功能已进入内部验证或试点准备阶段。在研发提效方面，已经应用智能编码、文档生成、问题诊断等 助手，提升研发效率。 ...

Core Viewpoint - The company has upgraded its PanGPT software to version 2.0, integrating AI capabilities into various core business scenarios, enhancing operational efficiency and risk management [2]. Group 1: Software Upgrade and Features - PanGPT has been upgraded to version 2.0, incorporating AI functionalities such as knowledge Q&A, document processing, data Q&A, and automation tasks [2]. - The software aims to create an intelligent application model that combines "human + AI" and "task + AI" [2]. Group 2: Practical Applications - PanGPT V2.0 has been implemented in multiple fields, including smart safety management, where it can intelligently recognize images from construction sites to provide safety risk warnings and generate data analysis reports in natural language [2]. - In the financial insurance, financial sharing, and treasury management sectors, the company is actively developing AI solutions for risk management, regulatory reporting, and investment management, with some features entering internal validation or pilot preparation stages [2]. Group 3: Efficiency Improvements - The company has applied intelligent coding, document generation, and problem diagnosis assistants to enhance research and development efficiency [2].

Core Insights - The company, Puhua Software (300996), reported that as of August 20, 2025, the total number of shareholders is 23,882 [1] Company Summary - Puhua Software is actively engaging with investors through interactive platforms, indicating a commitment to transparency and communication [1] - The total number of shareholders reflects the company's investor base and potential market interest [1]

Core Viewpoint - The company has released a revised response to the Shenzhen Stock Exchange regarding its application for issuing convertible bonds, detailing its business development and financial status. Financial Performance - The company's gross profit margin has declined over the past three years, with figures of 47.71%, 38.46%, and 33.25% for 2022, 2023, and 2024 respectively [2] - In Q1 2025, the company reported revenue of 58.76 million yuan, a year-on-year decrease of 24.20%, and a net profit of -13.95 million yuan, a decline of 526.51% [2] - Cash flow from operating activities showed significant volatility, with a net cash flow of -59.14 million yuan in 2023 due to increased employee numbers, while it improved to 115.72 million yuan in 2024 [2] Business Analysis - The decline in gross profit margin is primarily attributed to the custom software business, influenced by complex delivery processes for strategic clients, low margins on new business, and rising labor costs [3] - Sales to the top five clients have decreased as a percentage of total revenue since 2023, reflecting the company's efforts to expand its customer base and new business [3] - The company maintains stable and sustainable long-term relationships with its major clients, with no significant dependency on any single client [3] R&D and Internal Control - R&D expenses have fluctuated significantly, with amounts of 96.97 million yuan, 90.41 million yuan, 46.99 million yuan, and 43.63 million yuan over the past four years [4] - The company has clear standards for distinguishing R&D activities from production activities, ensuring accurate allocation of R&D costs [4] - Internal control systems related to contract performance are well-established and effectively executed [4] Future Outlook - Despite challenges such as declining gross margins and performance volatility, the company asserts it has normal cash flow and a reasonable asset-liability structure [5] - The company expects that its cumulative net cash flow from operating activities will cover its total working capital needs over the next three years [5] - Future strategies include focusing on innovation and intelligence, enhancing business layout, strengthening market leadership, increasing product R&D, and optimizing management systems to improve core capabilities [5]

Group 1 - The core point of the announcement is that Puhua Software Co., Ltd. has updated its application documents for issuing convertible bonds to unspecified objects, following inquiries from the Shenzhen Stock Exchange [1][2] - The company received the first inquiry letter from the Shenzhen Stock Exchange on May 13, 2025, and a second round of inquiries on July 7, 2025, which have been addressed and updated in the application documents [1] - The financial data in the updated application documents corresponds to the company's half-year report for 2025, which has already been publicly disclosed [1] Group 2 - The issuance of convertible bonds is subject to approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission, introducing uncertainty regarding the approval process and timeline [2] - The company commits to timely information disclosure in accordance with legal requirements as the situation progresses, emphasizing the importance of investor awareness regarding potential investment risks [2]

Core Viewpoint - Puling Software (300996) has responded to the Shenzhen Stock Exchange's inquiry regarding its application for issuing convertible bonds, providing detailed explanations on key issues such as the capitalization of R&D expenses for its fundraising projects [1][4]. Group 1: Capitalization of R&D Expenses - The capitalization rate for the current fundraising project's R&D expenses is 83.33%, which is higher than the company's existing similar projects' capitalization rate of 64.94% [1]. - The company attributes the high capitalization rate to the solid foundation laid by previous fundraising projects and ongoing technological accumulation, resulting in a lower proportion of expenses being capitalized [1][2]. - The estimated capitalized expenses amount to 12,985.20 million yuan, while the expensed amount is 2,597.04 million yuan, indicating a significant investment in R&D [1]. Group 2: Project Characteristics and Comparisons - The current fundraising project differs from existing similar projects in several aspects, including increased site investment due to the company's office space rental adjustments [2]. - The project requires different personnel positions and levels, leading to variations in average monthly salaries among staff [2]. - The project has a shorter capitalization timeline compared to similar projects, benefiting from sufficient technical reserves and favorable conditions such as customer prospects and policy support [2][3]. Group 3: Product Application and Market Potential - The domestic ERP functional expansion project aims to achieve a smooth migration from Oracle EBS, focusing on financial and energy sectors for domestic replacements and supply chain management [3]. - The project includes a series of products for intelligent financial risk control, leveraging the latest regulatory policies and AI models to enhance existing XBRL products for financial institutions [3]. - The cloud platform upgrade project aims to enhance the existing platform's intelligence, serving as a technical foundation for the company's software product development [3]. Group 4: Validation and Compliance - The sponsor and the issuer's accountant have verified that the basis for the capitalization rate calculation is reasonable and compliant with relevant requirements [4]. - The project conditions, including technology, customer base, talent, and policy support, are considered favorable, justifying the higher capitalization rate compared to existing similar projects [4].

Financial Performance - The company achieved operating revenue of 210 million yuan, a year-on-year increase of 9.45% [2] - Operating income from the petroleum and petrochemical sector was 101.45 million yuan, up 7.95%, accounting for 48.28% of total revenue [3] - Revenue from the coal and electricity sector grew significantly by 50.73% to 24.90 million yuan, representing 11.85% of total revenue [3] - The overall gross profit margin decreased to 35.05%, down 3.5 percentage points from the previous year [5] Cost Structure - Total operating costs amounted to 136 million yuan, an increase of 15.69% year-on-year [5] - Employee compensation accounted for 72.63% of total costs, totaling 99.12 million yuan, with a year-on-year increase of 11.25% [5] - Other expenses, including travel, rent, and external services, totaled 37.37 million yuan, making up 27.37% of total costs, with a significant increase of 29.36% [5] R&D and Innovation - R&D expenses reached 43.63 million yuan, a 77.50% increase year-on-year, reflecting a strong focus on innovation [6] - The company plans to enhance R&D investment in key areas such as ERP, cloud platforms, and AI applications [14] Strategic Developments - The company is focusing on deepening relationships with six traditional strategic clients while expanding to new clients [9] - Significant progress has been made in the financial sector, with successful implementations of financial shared platforms and treasury management systems [10][17] - The company aims to leverage AI and digital transformation to enhance service offerings and operational efficiency [19] Future Outlook - The second half of the year is critical for project delivery and revenue recognition, with expectations for increased contract signings and cash flow [7] - The company is optimistic about achieving its 2025 operational goals, focusing on market expansion and technological innovation [16]