Core Viewpoint - The company aims to optimize its personnel structure by controlling total numbers and adjusting the composition of its workforce by 2025, with a focus on enhancing business and technical leadership capabilities [1] Group 1: Personnel Planning - For 2025, the company plans to increase the number of professionals with business and technical leadership capabilities compared to 2024 [1] - In 2026, the company intends to continue optimizing its personnel structure to enhance business, consulting, and technical leadership capabilities [1] - The company will adjust its personnel scale based on the progress of business throughout 2026 while maintaining a relatively stable total number of employees [1]

Core Viewpoint - The company, Puliang Software, plans to raise a total of no more than 243 million RMB through a convertible bond issuance, which has been approved by the Shenzhen Stock Exchange and is currently in the "registration submission" phase [1] Fundraising Details - The total amount to be raised from the convertible bond issuance is capped at 243 million RMB [1] - The bond has a maturity period of 6 years [1] - After deducting issuance costs, the funds will be allocated to three main projects: - Expansion of domestic ERP functionalities - Development of intelligent financial risk control products - Upgrading of the Yunhu platform [1]

Financial Performance - In Q3 2025, the company achieved a revenue of 300.17 million CNY, a 2.17% increase from 293.81 million CNY in the same period of 2024 [2] - The net profit attributable to shareholders was 1.48 million CNY, a significant decrease of 90.07% compared to 14.93 million CNY in Q3 2024 [2] - Revenue for the first three quarters of 2025 accounted for a lower proportion of total annual revenue, with historical data showing 2024 at 35.14% and 2023 at 37.04% [2] Industry Breakdown - In the first three quarters of 2025, the revenue distribution by industry was approximately: - Petrochemical: 49% - Real Estate: 17% - Financial Insurance: 10% - Coal and Power: 14% - Others: 10% [3] R&D and Investment - R&D expenses increased by 19.53 million CNY in Q3 2025, contributing to the decline in net profit [2] - Total R&D investment from January to September 2025 was 81.22 million CNY, with 55.48 million CNY in expense and 25.73 million CNY in capitalized costs [2] Product Development and Market Expansion - The company has successfully implemented its EPM product in a major central enterprise and is expanding its EAM product in both domestic and overseas markets [4] - The ERP product is in full promotion phase within a large financial group, with positive client feedback on project delivery quality [4] AI Capabilities - The company's AI platform focuses on intelligent management scenarios, offering capabilities such as document analysis, data prediction, and process automation [5][6] - AI intelligent agents are designed to integrate industry-specific knowledge and improve efficiency in enterprise management applications [6] Convertible Bonds - The company plans to raise up to 243 million CNY through convertible bonds, intended for ERP expansion, financial risk management products, and cloud platform upgrades [7] Personnel Planning - For 2025, the company aims to control total personnel while adjusting the structure, with a focus on increasing professionals with business and technical leadership capabilities [8] - In 2026, the company plans to maintain stable personnel numbers while making adjustments based on business progress [8]

Summary of the Conference Call for Puliang Software Industry Overview - The company operates primarily in the software sector, focusing on various industries including petrochemicals, construction, finance, and coal power. The revenue distribution for the first three quarters is as follows: petrochemicals 49%, construction 17%, finance 10%, coal power 14%, and other industries approximately 10% [2][8]. Financial Performance - For the third quarter of 2025, the company reported total revenue of 300 million yuan, representing a year-on-year growth of 2.17%. However, the net profit attributable to shareholders was 1.4824 million yuan, a significant decline of 90% compared to 14.9 million yuan in the same period last year. This profit drop was primarily due to increased expenses, particularly a rise in R&D costs by over 5 million yuan, which accounted for a 7% increase [3][18]. Key Business Segments - The treasury business remains a significant segment with a large volume of transactions, having been deployed in several provincial state-owned enterprises. The financial shared services and data application segments are also performing well, particularly in the financial sector with projects focused on replacing traditional accounting systems [2][5]. - The company is developing several key products: - **信创 ERP** is currently in a pilot phase with a major financial group, showing high customer satisfaction and strong adaptability to the financial sector. - **信创 EAM** is in the final stages of replacing IBM Maximo and has expanded into equipment management projects for coal mining enterprises. - **EPM** has completed most of its revenue recognition in a comprehensive budget management project for CNOOC [5][12]. Strategic Initiatives - The company has initiated three projects for its convertible bond issuance: enhancing domestic ERP systems, increasing supply chain modules, and deepening product offerings to replace Oracle in the financial sector. These projects aim to improve delivery quality and efficiency [4][11]. - The cloud platform, known as 云湖, has been modularized to provide customized services based on client needs, including PaaS development and big data platforms, which have been sold to central enterprises [13]. Future Goals and Challenges - The company aims for a profit growth of 150% by 2025, needing to increase profits from 60 million yuan in 2023 to over 150 million yuan [9]. - The addition of new strategic clients, such as Sinochem Group and China Coal Energy, is expected to enhance order volumes, particularly in financial shared services projects [10]. - The company anticipates that revenue growth will need to accelerate to offset the negative impact of increased R&D spending on profits [18]. R&D and Personnel Plans - R&D investments are projected to continue at a high level, with 240 million yuan raised through convertible bonds for three key projects, indicating a focus on core development in 2026 [19]. - The workforce is expected to increase by about 100 employees by the end of 2025, with a focus on adjusting personnel structure to attract high-level talent [20]. Business Focus for the Next Two Years - The primary focus for the next two years will be on innovation and intelligence, particularly in financial management and comprehensive budget management, alongside the development of 信创 ERP and data analytics [21]. This summary encapsulates the key points from the conference call, highlighting the company's financial performance, strategic initiatives, and future outlook within the software industry.

Core Insights - The company, Puhua Software, reported that as of October 20, 2025, the total number of shareholders is 22,817 [2] Company Summary - Puhua Software has engaged with investors through an interactive platform, providing updates on shareholder numbers [2] - The company is actively communicating with its investors, indicating a focus on transparency and shareholder engagement [2]

Core Viewpoint - The company reported a slight increase in revenue for the first three quarters of 2025, but a significant decline in net profit, indicating potential challenges in profitability despite revenue growth [1] Financial Performance - The company's revenue for the first three quarters reached 300 million yuan, representing a year-on-year growth of 2.17% [1] - The net profit attributable to shareholders was 1.4824 million yuan, showing a year-on-year decrease of 90.07% [1] - The net loss attributable to shareholders, after excluding non-recurring gains and losses, was 6.803 million yuan [1] - Basic earnings per share were reported at 0.0053 yuan [1]

Company Overview - Puling Software (SZ 300996) announced the convening of its 27th meeting of the fourth board of directors on October 28, 2025, to review the proposal for the "2025 Q3 Report" [1] - As of the report, Puling Software has a market capitalization of 4.9 billion yuan [1] Revenue Composition - For the first half of 2025, the revenue composition of Puling Software is as follows: - Oil and petrochemicals: 48.28% - Real estate and construction: 17.3% - Coal and electricity: 11.85% - Financial industry: 9.8% - Other industries: 9.0% [1]

Core Viewpoint - The company reported a decline in revenue and net profit for the third quarter, indicating potential challenges in its financial performance [1] Financial Performance - The revenue for the third quarter was 90.02 million yuan, representing a year-on-year decrease of 11.58% [1] - The net profit for the third quarter was 275,700 yuan, showing a significant year-on-year decline of 82.07% [1] - For the first three quarters, the total revenue reached 300 million yuan, which is a year-on-year increase of 2.17% [1] - The net profit for the first three quarters was 1.4824 million yuan, reflecting a substantial year-on-year decrease of 90.07% [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥90,023,375.81, a decrease of 11.58% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥275,676.70, down 82.07% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥2,350,099.40, a decline of 521.51%[5]. - Operating revenue for the first nine months of 2025 reached RMB 300,168,888.17, a 2.17% increase compared to RMB 293,805,190.93 in the same period of 2024[12]. - Total operating revenue for the current period reached ¥300,168,888.17, an increase of 2.3% compared to ¥293,805,190.93 in the previous period[27]. - Net profit for the current period was a loss of ¥7,384,618.40, compared to a profit of ¥5,680,343.83 in the previous period, indicating a significant decline[28]. - The total comprehensive income for the current period was a loss of ¥7,739,161.02, compared to a gain of ¥5,646,744.74 in the previous period[29]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,460,530,930.45, representing a decrease of 7.60% from the end of the previous year[5]. - The company's total assets decreased from CNY 1,580,660,090.51 at the beginning of the period to CNY 1,460,530,930.45 at the end of the period, representing a decline of approximately 7.6%[23]. - The total liabilities decreased to ¥168,995,749.92 from ¥256,743,756.75, a reduction of 34.1%[25]. - Current liabilities decreased from CNY 241,000,000 to CNY 150,000,000, indicating a reduction of approximately 37.9%[24]. - The total equity attributable to shareholders was ¥1,259,873,281.61, a decrease of 1.39% from the previous year[5]. - Owner's equity totaled ¥1,291,535,180.53, down from ¥1,323,916,333.76, reflecting a decrease of 2.4%[25]. Cash Flow - Cash flow from operating activities showed a net outflow of -¥149,156,013.93, a decrease of 21.05% year-to-date[5]. - The net cash flow from operating activities decreased by 21.05% to -RMB 149,156,013.93, down from -RMB 123,222,504.72, attributed to increased company expenditures and personnel expansion[14]. - The net cash outflow from operating activities was -149,156,013.93, compared to -123,222,504.72 in the previous period, indicating a decline in operational cash flow[31]. - The total cash inflow from investment activities was 344,794,615.07, down from 723,074,720.89 in the previous period, reflecting a significant decrease in investment recovery[31]. - The net cash outflow from investment activities was -59,055,969.89, contrasting with a net inflow of 10,284,883.22 in the previous period, highlighting a negative shift in investment performance[31]. - The cash outflow from financing activities totaled 38,080,110.23, compared to 56,207,010.23 in the previous period, showing a reduction in financing costs[31]. - The net increase in cash and cash equivalents was -246,424,494.48, compared to -169,287,053.62 in the previous period, indicating a worsening liquidity position[31]. - The ending balance of cash and cash equivalents was 74,250,948.18, down from 179,681,329.48 in the previous period, reflecting a significant decrease in available cash[31]. Investments and Expenses - The company reported a significant increase in inventory by 288.02%, attributed to the delivery cycle of large group client projects[10]. - The company's long-term equity investments decreased by 38.62% due to losses from associated enterprises[10]. - Research and development expenses surged by 54.32% to RMB 55,483,934.17, compared to RMB 35,953,732.38 in the previous year, reflecting increased investment in R&D projects[12]. - Research and development expenses rose to ¥55,483,934.17, compared to ¥35,953,732.38 in the previous period, marking an increase of 54.4%[28]. - The company paid 410,847,132.83 in employee compensation, an increase from 362,526,610.31 in the previous period, indicating rising labor costs[31]. - The cash paid for other operating activities was 85,410,859.35, up from 75,843,015.09 in the previous period, suggesting increased operational expenditures[31]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,709, with the top ten shareholders holding significant stakes[16]. - The total number of restricted shares at the end of the period was 47,673,340, an increase from 33,697,275 at the beginning of the period, representing a growth of approximately 41.5%[19]. Government Support - The company received government subsidies amounting to ¥498,415.40 during the reporting period, primarily related to innovation and employment support[6]. Stock and Bond Activities - The company plans to issue convertible bonds to unspecified investors, with the first board meeting held on February 24, 2025, to discuss the proposal[20]. - The company received acceptance from the Shenzhen Stock Exchange for its application to issue convertible bonds on April 24, 2025[20]. - The company updated its application documents in response to the Shenzhen Stock Exchange's inquiries on May 30, 2025[21]. Audit Status - The company’s third-quarter financial report was not audited, which may affect the reliability of the reported figures[33].

证券代码：300996 证券简称：普联软件 公告编号：2025-081 具体内容详见公司披露于巨潮资讯网（www.cninfo.com.cn）的相关公告。 普联软件股份有限公司（以下简称公司）第四届董事会第二十七次会议通知 于 2025 年 10 月 24 日通过电子邮件或书面方式送达。会议于 2025 年 10 月 28 日 以现场结合通讯表决方式在公司会议室召开。本次会议应出席董事 8 人，实际出 席董事 8 人。会议由公司董事长蔺国强先生召集并主持，公司董事会秘书及其他 高级管理人员列席了本次会议。会议的召开和表决程序符合《中华人民共和国公 司法》及其他有关法律法规、规范性文件和《公司章程》等有关规定，会议合法 有效。 二、董事会会议审议情况 1、 审议通过《关于<2025 年第三季度报告>的议案》 表决结果：8票同意，0票反对，0票弃权。本议案获得通过。 第四届董事会第二十七次会议决议公告 董事会认为，公司2025年第三季度报告真实反映了公司2025年第三季度的财 务状况和经营成果，报告内容真实、准确、完整，不存在虚假记载、误导性陈述 或重大遗漏。 本公司及董事会全体成员保证信息披露的内容真实、准确、 ...