Core Viewpoint - Softcom Power's stock price has shown fluctuations, with a recent increase of 2.15% and a total market capitalization of 54.422 billion yuan as of September 16. The company has experienced a year-to-date decline of 2.56% but a recent five-day increase of 7.19% [1] Company Overview - Softcom Power Information Technology (Group) Co., Ltd. was established on November 4, 2005, and listed on March 15, 2022. The company is located in Haidian District, Beijing, and provides digital innovation services, general technology services, and digital operation services across various industries including telecommunications, internet services, fintech, and high-tech manufacturing [1] - The company's revenue composition includes software and digital technology services (56.52%), computing products and smart electronics (42.81%), digital energy and intelligent computing services (0.61%), and others (0.06%) [1] Financial Performance - For the first half of 2025, Softcom Power achieved operating revenue of 15.781 billion yuan, representing a year-on-year growth of 25.99%. The net profit attributable to shareholders was -143 million yuan, showing a year-on-year increase of 7.60% [2] - Since its A-share listing, the company has distributed a total of 584 million yuan in dividends over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders for Softcom Power was 134,900, a decrease of 4.89% from the previous period. The average number of circulating shares per person increased by 5.14% to 5,040 shares [2] - The top ten circulating shareholders include notable entities such as E Fund's ChiNext ETF and Hong Kong Central Clearing Limited, with varying changes in their holdings [3]

Summary of Key Points Core Viewpoint - On September 16, a total of 9 companies had their restricted shares unlocked, with a total unlock volume of 221 million shares, amounting to a market value of 10.867 billion yuan based on the latest closing prices [1]. Unlock Volume - Two companies had unlock volumes exceeding 10 million shares: Changhong Energy with 110 million shares and Ruantong Power with 103 million shares, followed by BGI Genomics with 2.4958 million shares [1]. Unlock Market Value - The market value of unlocked shares exceeded 100 million yuan for two companies: Ruantong Power at 5.751 billion yuan, Changhong Energy at 4.143 billion yuan, and Ningde Times at 570 million yuan [1]. Unlock Ratio - The proportion of unlocked shares relative to total share capital exceeded 10% for two companies: Changhong Energy at 60.28%, Ruantong Power at 10.79%, and Xinghao Pharmaceutical at 1.49% [1].

Group 1 - The company plans to raise up to 3.378 billion yuan for projects related to smart manufacturing and intelligent computing centers [1] - The Shenzhen Stock Exchange has issued an inquiry letter regarding the company's financial status and previous fundraising projects [1] - The company's gross profit margin has significantly declined from 21.25% in 2022 to 10.62% in the first half of 2025, indicating a continuous weakening of its main business profitability [1] Group 2 - The company's net profit for 2023 and 2024 is projected to be 462 million yuan and 72 million yuan, respectively, showing a substantial decrease [1] - The company attributes the decline in profitability to industry competition and flexible pricing strategies in response to customer demand fluctuations [1] - The company has outlined specific measures to address these challenges, including expanding market share, optimizing cost structure, and upgrading technology [1] Group 3 - As of March 31, 2025, the company has 3.95 billion yuan in cash but is burdened with 4.404 billion yuan in short-term loans and 1.727 billion yuan in long-term loans, totaling 6.131 billion yuan [1] - The company states that cash is used to ensure employee salaries and raw material procurement, while significant prepayments have led to capital occupation, necessitating borrowing to maintain operations [1] - The execution status of previous fundraising projects is under scrutiny, with only 3.379 billion yuan of the 4.630 billion yuan raised in the 2022 IPO invested by March 31, 2025, and several projects significantly delayed [1] Group 4 - Core projects, such as the delivery center, have been postponed from the original completion date of the end of 2022 to the end of 2026, resulting in a delay of four years [1]

Core Viewpoint - On September 15, a total of 16 listed companies had their restricted shares unlocked, with a total market value of approximately 17.991 billion yuan [1] Group 1: Companies and Their Restricted Shares - Shaanxi Guo Power (陕鼓动力) unlocked 435,600 shares under equity incentive restrictions [1] - Chuangli Group (创力集团) unlocked 3.936 million shares under equity incentive restrictions [1] - Shengquan Group (圣泉集团) unlocked 478,500 shares under equity incentive restrictions [1] - Yingke Medical (英科医疗) unlocked 995,400 shares under equity incentive restrictions [1] - Ruixin Microelectronics (瑞芯微) unlocked 4,500 shares under equity incentive restrictions [1] - Tongcheng New Materials (彤程新材) unlocked 1.5893 million shares under equity incentive restrictions [1] - Softcom Power (软通动力) unlocked 27.3 million shares with an extended lock-up period [1] - Weiman Sealing (唯万密封) unlocked 66.672 million shares prior to issuance restrictions [1] - Wuxi Zhenhua (无锡振华) unlocked 1.005 million shares under equity incentive restrictions [1] - Hangyu Technology (航宇科技) unlocked 798,600 shares [1] - Gaoling Information (高凌信息) unlocked 40 million shares [1] - Weijie Chuangxin (唯捷创芯) unlocked 8.5394 million shares [1] - Silin Jie (思林杰) unlocked 24.5305 million shares [1] - Kejie Intelligent (科捷智能) unlocked 20 million shares [1] - Juquan Technology (钜泉科技) unlocked 39.8841 million shares [1] - Shengke Communication (盛科通信) unlocked 1.5 million shares [1]

Core Viewpoint - The company is responding to an inquiry from the Shenzhen Stock Exchange regarding its application for a specific stock issuance, highlighting its financial performance and business integration following recent acquisitions [1] Financial Performance and Business Situation - The company's gross profit margins have declined over the reporting period, with rates of 21.25%, 19.25%, 12.42%, and 10.61%, primarily due to pricing pressures from telecommunications clients and high raw material costs in newly acquired hardware businesses [2] - The net profit attributable to the parent company has significantly decreased, with figures of 46,175.43 million and 7,246.59 million, reflecting declines of 44.89% and 84.31% year-on-year, attributed to market demand fluctuations and increased integration costs from acquisitions [2] Business Integration and Sales Model - Following the acquisition of Softcom Computer and Zhihong International in 2024, the integration of computing products and smart electronics has shown positive results, with stable gross margins and minimal goodwill impairment risk [3] - The sales model combines direct sales and distribution, with no significant deviations from pre-acquisition practices, and the quality of accounts receivable remains strong with reasonable bad debt provisions [3] Fundraising Project Details - The fundraising projects are closely related to existing business operations, focusing on upgrading computing products and smart electronics, as well as expanding digital energy and intelligent computing services [4] Flexible Production and Capacity Planning - The company's current production capacity is constrained by product models and automation levels, necessitating the proposed capacity expansion to meet future demand growth in key markets [5] Benefit Assessment - The benefit assessment for the proposed projects is based on reasonable assumptions, indicating that the gross profit margins for new products will exceed those of existing operations, ensuring a cautious and rational approach to financial projections [6]

Group 1 - The company Softstone announced that approximately 273 million restricted shares will be unlocked and listed for trading on September 16, 2025, accounting for about 28.61% of the total share capital [1][1][1] - For the first half of 2025, Softstone's revenue composition is as follows: high technology and manufacturing 31.51%, communication equipment 29.12%, internet services 23.39%, finance 10.31%, and other businesses 5.66% [1][1][1] - As of the report date, Softstone's market capitalization is 52.6 billion yuan [1][1][1]

软通动力信息技术（集团）股份有限公司 首次公开发行前部分已发行股份上市流通提示性公告 证券代码：301236 证券简称：软通动力 公告编号：2025-077 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。 特别提示： 公司首次公开发行网下配售限售股份 5,037,960 股已于 2022 年 9 月 15 日上市 流通，具体内容详见公司于 2022 年 9 月 14 日在巨潮资讯网（www.cninfo.com.cn） 披露的《首次公开发行网下配售限售股上市流通提示性公告》。公司首次公开发行 前部分已发行股份及战略配售股份 296,052,136 股已于 2023 年 3 月 22 日上市流通， 具体内容详见公司于 2023 年 3 月 21 日在巨潮资讯网（www.cninfo.com.cn）披露的 《首次公开发行前部分已发行股份及战略配售股份上市流通提示性公告》。 2023 年 5 月 16 日，公司 2022 年度股东大会审议通过《关于 2022 年度利润分 配及资本公积金转增股本预案的议案》,2022 年度公司不派发现金股利，不送红股， 以资本公积金向 ...

中信建投证券股份有限公司 关于软通动力信息技术（集团）股份有限公司 首次公开发行前部分已发行股份上市流通的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐人"）作为软 通动力信息技术（集团）股份有限公司（以下简称"软通动力"或"公司"）首次公 开发行股票并在创业板上市的保荐人。根据《证券发行上市保荐业务管理办法》 《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》《深圳证券交 易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号—— 创业板上市公司规范运作》等有关规定，对软通动力首次公开发行前部分已发行 股份上市流通的事项进行了核查，具体情况如下： 一、首次公开发行股票和本次解除限售股份等情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意软通动力 信息技术（集团）股份有限公司首次公开发行股票注册的批复》（证监许可〔2022〕 123 号）同意注册，公司首次公开发行人民币普通股（A 股）股票 6,352.9412 万 股，并于 2022 年 3 月 15 日在深圳证券交易所（以下简称"深交所"）创业板上 市。公司首次公开发行前总股本 360,00 ...

中信建投证券股份有限公司 关于软通动力信息技术（集团）股份有限公司 2025 年上半年度持续督导跟踪报告 | 保荐人名称：中信建投证券股份有限公司 | 上市公司简称：软通动力 | | --- | --- | | 保荐代表人姓名：黄亚颖 | 联系电话：010-86451397 | | 保荐代表人姓名：许杰 | 联系电话：010-86451343 | 三、公司及股东承诺事项履行情况 | 公司及股东承诺事项 | 是否 履行承诺 | 未履行承诺的原因及解决措施 | | --- | --- | --- | | 1.首次公开发行或再融资时所作承诺 | 是 | 不适用 | | 2.延长股份锁定期所作承诺 | 是 | 不适用 | 四、其他事项 | 报告事项 | 说 明 | | --- | --- | | 1.保荐代表人变更及其理由 | 因张宗源先生工作调动原因，不再负责公司的持 | | | 续督导工作，为保证公司持续督导工作的有序进行， | | | 现由许杰先生接替张宗源先生担任公司持续督导工 | | | 作的保荐代表人，继续履行相关职责。 | | 2.报告期内中国证监会和本所对保 | 无 | | 荐人或者其保荐的公司采取监 ...

证券简称：软通动力 证券代码：301236 iSoftStone Information Technology（Group）Co., Ltd. （北京市海淀区西北旺东路 10 号院东区 16 号楼 5 层 502） 2025 年度向特定对象发行股票 募集说明书 （修订稿） 二〇二五年九月 软通动力信息技术（集团）股份有限公司 保荐人（主承销商） 软通动力信息技术（集团）股份有限公司 募集说明书（修订稿） 声 明 本公司及全体董事、监事、高级管理人员承诺募集说明书及其他信息披露资 料不存在任何虚假记载、误导性陈述或重大遗漏，并对其真实性、准确性及完整 性承担相应的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证 募集说明书中财务会计报告真实、准确、完整。 证券监督管理机构及其他政府部门对本次发行所作的任何决定或意见，均不 表明其对发行人所发行证券的价值或投资者的收益作出实质性判断或者保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担证券依法发行后 ...