Group 1: Software ETF Performance - The Software ETF has a turnover rate of 13.16% and a trading volume of 720 million yuan, indicating active market participation [1] - The latest scale of the Software ETF reached 5.434 billion yuan, marking a one-month high and ranking first among comparable funds [1] - The latest share count of the Software ETF is 5.827 billion shares, also a one-month high and leading among comparable funds [1] - Over the past four days, the Software ETF has seen continuous net inflows, with a maximum single-day net inflow of 507 million yuan, totaling 620 million yuan [1] - As of October 10, 2025, the net value of the Software ETF has increased by 34.34% over the past three years [1] - The highest monthly return since inception is 39.35%, with the longest consecutive monthly increase being three months and a maximum increase of 69.40% [1] - The average return during the months of increase is 10.06% [1] Group 2: Key Holdings in Software Sector - As of September 30, 2025, the top ten weighted stocks in the CSI Software Service Index include iFlytek, Tonghuashun, Kingsoft Office, Zhinan Zhen, Hengsheng Electronics, Runhe Software, 360, Tuo Wei Information, Yonyou Network, and Deepin Technology, collectively accounting for 62.41% of the index [1] Group 3: Industry Developments - The Ministry of Commerce announced export controls on certain foreign rare earth-related items containing Chinese components, with the announcement format changing to WPS, which has sparked discussions [2] - Huachuang Securities noted that the demand for domestic software is accelerating due to the need for self-reliance in technology, driving the development of secure and controllable industrial software and computing power industries [2] - The Ministry of Finance's procurement standards for 2024 emphasize self-reliance, and continuous updates to security assessments are expected to lead to high-quality industry development [2] - The domestic software industry's performance is gradually improving, confirming a turning point [2]

Investment Rating - The report maintains a positive outlook for the computer industry, expecting a continued "scissor difference" in Q3 2025, indicating structural growth despite varying performance among companies [3][4][11]. Core Insights - The report predicts that 22% of the tracked companies will see net profit growth exceeding 50%, with notable performers including 深信服 (1528%), 卡莱特 (998%), and 新国都 (235%) [4][5]. - The report highlights a trend of cost reduction through layoffs and non-essential cost cuts, leading to improved efficiency and profitability across the industry [3][4]. - The report identifies key investment targets in various segments, including AIGC, digital economy leaders, and data innovation [3][4]. Summary by Sections Q3 2025 Performance Forecast - Among 54 tracked companies, 11 are expected to exceed 50% profit growth, while 9 will see growth between 30%-50% [4][5]. - 36% of companies are projected to have growth between 0%-30%, and 22% are expected to experience a decline [5][6]. Key Company Performances - 深信服 is projected to achieve a staggering 1528% profit growth, while 卡莱特 is expected to see 998% growth [4][5]. - Companies like 海康威视 and 金山办公 are expected to maintain stable growth rates of around 9% and 15%, respectively [8][10]. - 联想集团 is forecasted to face a significant decline of 99% in profit, indicating challenges in its operational strategy [6][10]. Investment Targets - The report categorizes investment targets into four segments: AIGC, digital economy leaders, data innovation, and AIGC computing power [3][4]. - Notable companies in the AIGC segment include 金山办公 and 道通科技, while 海光信息 and 软通动力 are highlighted in the data innovation category [3][4].

Investment Rating - The report maintains a "Recommended" rating for the industry [4] Core Insights - The report highlights the significant impact of U.S. tariffs and export controls on Chinese products, particularly in the software and hardware sectors, emphasizing the need for domestic innovation and self-reliance [1] - The Chinese government is actively promoting domestic products through favorable procurement policies, including a 20% price deduction for local products in competitive bidding [1] - The report indicates that the domestic chip industry is gaining traction, particularly in the financial sector, with major projects like the Industrial and Commercial Bank of China's procurement of Huaguang chip servers valued at approximately 3 billion yuan [1] - The report notes a substantial increase in domestic server procurement by China Unicom, with 90.1% of the servers being domestically produced, reflecting a strong trend towards localization [2] - The report anticipates a turning point for the domestic innovation industry (Xinchang) driven by supportive policies and improving performance of listed companies in the sector [2][3] Summary by Sections - **Policy Support**: The government emphasizes high-level technological self-reliance as a key development focus, aiming to enhance core technology research and innovation capabilities [2] - **Market Performance**: Several listed companies in the Xinchang sector have shown improved performance compared to the previous year, indicating a positive outlook for the industry [3] - **Investment Recommendations**: The report suggests focusing on key players in the Xinchang sector, including China Software, Dameng Data, and others, as well as leaders in specific sub-sectors like industrial software and the Harmony OS ecosystem [3]

Core Viewpoint - Guangzhou Gusi Power Technology Co., Ltd. has been established with a registered capital of 20 million yuan, focusing on artificial intelligence application software development and related services [1] Company Summary - The legal representative of Guangzhou Gusi Power Technology Co., Ltd. is Liu Yi [1] - The company is co-owned by Softcom Power's subsidiary, Softcom Intelligent Computing Technology (Guangdong) Group Co., Ltd. [1] Industry Summary - The establishment of the company indicates a growing trend in the artificial intelligence sector, particularly in software development and computer system services [1]

天眼查App显示，近日，广州谷硅动力科技有限公司成立，法定代表人为刘怡，注册资本2000万人民 币，经营范围包括人工智能应用软件开发、软件开发、计算机系统服务等，由软通动力（301236）旗下 软通智算科技（广东）集团有限公司、广州科力元企业管理合伙企业（有限合伙）共同持股。 天眼查App显示，近日，广州谷硅动力科技有限公司成立，法定代表人为刘怡，注册资本2000万人民 币，经营范围包括人工智能应用软件开发、软件开发、计算机系统服务等，由软通动力（301236）旗下 软通智算科技（广东）集团有限公司、广州科力元企业管理合伙企业（有限合伙）共同持股。 ...

截至发稿，黄欣累计任职时间15年182天，现任基金资产总规模420.52亿元，任职期间最佳基金回报 214.7%， 任职期间最差基金回报-35.8%。 10月10日，软通动力跌5.01%，截至发稿，报53.04元/股，成交14.79亿元，换手率3.51%，总市值505.44 亿元。 资料显示，软通动力信息技术(集团)股份有限公司位于北京市海淀区西北旺东路10号院东区16号楼5层 502，成立日期2005年11月4日，上市日期2022年3月15日，公司主营业务涉及为通讯设备、互联网服 务、金融科技、高科技与制造等多个行业客户提供数字化创新业务服务、通用技术服务和数字化运营服 务。主营业务收入构成为：软件与数字技术服务56.52%，计算产品与智能电子42.81%，数字能源与智 算服务0.61%，其他(补充)0.06%。 从基金十大重仓股角度 数据显示，国联安基金旗下1只基金重仓软通动力。国联安创科技ETF（159777）二季度持有股数4.08 万股，占基金净值比例为2.48%，位居第九大重仓股。根据测算，今日浮亏损失约11.42万元。 国联安创科技ETF（159777）成立日期2021年9月27日，最新规模897 ...

证券代码：301236 证券简称：软通动力 公告编号：2025-083 软通动力信息技术（集团）股份有限公司 关于股东部分股份解除质押的公告 刘天文先生保证向公司提供的信息内容真实、准确、完整，没有虚假记载、 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、完整，没有虚假 记载、误导性陈述或重大遗漏。 软通动力信息技术（集团）股份有限公司（以下简称"公司"）于近日接到股 东刘天文先生函告，获悉其持有的公司部分股份解除了质押，具体事项如下： 一、股东股份解除质押基本情况 （一）本次股份解除质押基本情况 注：表中所述限售股份不包括高管锁定股。 二、其他相关情况说明 根据刘天文先生函告：刘天文先生及其一致行动人质押股份数量占其所持公 司股份数量比例未达到或超过50%，上述质押股份不存在负担重大资产重组等业 绩补偿义务，其资信状况良好，具备良好的资金偿还能力，质押风险可控，不存 在平仓风险，不会对公司生产经营、公司治理等产生影响，也不会导致公司实际 控制权发生变更。刘天文先生将密切关注自身质押情况，保持与质权人的及时沟 通，做好股份质押的管理工作，并按规定及时告知公司股份质押后续进展，履行 ...

Core Insights - The financial technology (FinTech) industry is experiencing significant growth, with projections indicating a compound annual growth rate (CAGR) of approximately 13.3%, expected to exceed 650 billion yuan by 2028 [1] - The report emphasizes the importance of a technology-driven financial value enhancement system, focusing on the "technology-industry-finance" cycle and the diversified application of data elements in financial business scenarios [1] Industry Overview - The domestic FinTech market is being propelled by the rapid development of the technology sector alongside the flourishing financial market [1] - The report highlights the ongoing digital transformation of financial institutions in China, particularly in the context of the "Financial Technology Development Plan (2022-2025)" [1] Evaluation Metrics - The evaluation model for FinTech service providers includes four core dimensions: industry depth, product and technology capabilities, service capabilities, and ecosystem capabilities [2] Top FinTech Service Providers - The "iResearch - Excellence" list includes the top 50 FinTech service providers in China, categorized into four types: comprehensive technology service providers, FinTech IT service providers, core technology application service providers, and financial business digital innovation service providers [5][7][8] Case Studies - SoftStone Technology focuses on integrating AI into financial services, offering a closed-loop service capability system that includes AI-driven applications in various areas such as intelligent marketing and risk control [10] - Chexiao Technology specializes in credit risk control, providing a comprehensive suite of platforms for automotive finance and risk management [14] - Zhongyi JinKe aims to create a full-scenario enterprise consumption management platform, addressing corporate spending needs through intelligent payment and expense management solutions [20] Technological Trends - The integration of cloud-native and AI-native technologies is becoming mainstream in the financial sector, with a focus on enhancing business value and operational efficiency [28][31] - The report discusses the importance of security in the context of new technologies, emphasizing the need for proactive security measures as the industry evolves [32] Future Directions - The financial technology market is expected to enter a dual development phase focusing on technological depth and value release, with an emphasis on compliance and security in data management [38] - The report suggests that the industry will increasingly rely on vertical industry models to achieve intelligent upgrades and enhance operational efficiency [43]

Group 1: Overseas Business Development - Investment institutions are focusing on the overseas business development and planning of listed companies, alongside their operational performance in the first half of the year [2][3] - Meiyingsen emphasizes that its domestic business is crucial for sustainable growth, while overseas business growth is also a key operational goal, with plans to increase overseas production capacity based on customer demand [2] - The company has established five factories in Vietnam, Thailand, Malaysia, and Mexico, with plans for a new factory in Mexico to commence production within the year [2] - Zhongke Chuangda highlights its global layout in operating systems, with R&D teams in 16 countries, providing comprehensive support for companies going overseas [3] - Woler Nuclear Materials plans to actively explore overseas market opportunities to achieve steady growth in its power products [3] Group 2: AI Development Focus - AI has become a high-frequency topic in institutional research, with companies accelerating their AI initiatives [4] - Chen'an Technology is advancing its "AI+" strategy, integrating AI into various business areas such as urban safety and emergency management, and plans to maintain high investment in AI technology R&D [4][5] - Ruijun Power is focusing on AI engineering capabilities to empower industry intelligence and is collaborating with research institutions and industry leaders [5] - Zhongke Chuangda anticipates that AI will define the automotive industry by 2025, transitioning from hardware-driven to AI-driven ecosystems [5] - The company is launching TurboX AI glasses globally, featuring advanced AI capabilities for various applications [6]

Core Insights - The company has been actively developing its AI capabilities, launching new products and solutions in the AI engineering and application space, including an AI engineering system and various AI-driven tools [3][4][5] - The company is a key contributor to the OpenHarmony ecosystem, having developed a full-stack solution that integrates its proprietary operating system with various industries, particularly in mining [4][5] - Recent financial performance shows significant growth, with a 25.99% increase in overall revenue year-on-year, driven by strong performance in computing products and intelligent electronics [11][12] Group 1: AI Development - The company has established an AI engineering research institute to enhance its AI capabilities and has launched a series of products and solutions under its AI engineering framework [3][4] - New AI products include AI+ toolchain solutions and enterprise intelligent agent platforms, aimed at supporting businesses in their digital transformation [3][5] Group 2: OpenHarmony Ecosystem - The company is a core builder of the OpenHarmony ecosystem, providing comprehensive technology and solutions across various sectors, including urban management and education [4] - It has adapted nearly 10 domestic chips for its self-developed Tianhong operating system, focusing on mining applications and achieving over 60 certification projects [4][5] Group 3: Financial Performance - In the first half of 2025, the company reported total revenue of 15.781 billion, a 25.99% increase from the previous year, with computing products and intelligent electronics contributing significantly [11] - The second quarter of 2025 saw a revenue of 8.770 billion, a year-on-year growth of 23.93%, and a net profit of 0.055 billion, marking a significant turnaround [11]