Core Viewpoint - The financial information technology industry in China is experiencing continuous growth, with a projected market size of 72.602 billion yuan in 2024, reflecting a year-on-year increase of 13.85% [1][10]. Industry Definition and Classification - Financial information technology refers to the extensive application of information technology in the financial sector, promoting the digital, networked, and intelligent transformation of financial services, management, and operations [2]. Industry Chain Analysis - The financial information technology industry chain is a technology-driven ecosystem, with upstream focusing on infrastructure and foundational technology, midstream on system development and solutions, and downstream covering financial institutions and regulatory bodies [4]. Development History - The industry has evolved over four decades, transitioning from initial automation to deep intelligence, with key phases including the establishment of electronic systems, the rise of online banking, the integration of technology, and the current focus on self-control and interconnectedness [6]. Current Market Analysis - The financial information technology market in China has been expanding at a double-digit annual growth rate, with significant investments from financial institutions driven by business expansion, innovation, and regulatory requirements [10]. Downstream Application Areas - The banking sector dominates the market with a 48% share, followed by securities and funds at 26%, and insurance at 16%, each focusing on specific technological needs and innovations [11]. Key Enterprises Analysis - The industry features a diverse landscape with leading companies like Hengsheng Electronics and Kingdee, which dominate their respective segments, while others like Softcom and Zhongke Soft focus on niche markets [14][16]. Future Development Trends - AI technology is increasingly empowering the financial sector, enhancing risk management and customer service, while data governance is becoming crucial for maximizing data value and ensuring compliance [20][21][23].

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, compliant application of data elements in financial business scenarios [1] Industry Trends - The current core development trends in the domestic FinTech market include a focus on scenario finance and the integration of technology with business value, as financial institutions increasingly prioritize the contribution of technology to business outcomes [33] - The domestic market is entering a dual development phase characterized by deep technological cultivation and value release, with a growing emphasis on compliance technology [33] - The trend of domestic financial technology regulation is becoming clearer, leading to increased attention on compliance technology in the future [33] Notable Companies and Innovations - Softstone Technology is leveraging generative AI to drive innovation in financial technology applications, focusing on areas such as intelligent marketing and risk control [11][13] - Chexiao Technology specializes in credit risk control, offering a comprehensive suite of platforms for automotive finance and risk management [15][16] - China Mobile Financial Technology (Zhongyi Jinke) is developing a full-scenario enterprise consumption management platform, addressing various corporate spending needs [22] Product and Service Developments - The report highlights the emergence of AI-driven financial advisory tools that enhance traditional banking services, integrating features like intelligent marketing and customer service [13] - The development of large-scale financial risk control models capable of identifying customer identities and assessing credit risks is noted, achieving over 99% accuracy in production-level services [24] Future Outlook - The integration of financial cloud and core business middle platform systems is expected to provide comprehensive solutions for consumer credit in smart banking [19] - The application of vertical large models in financial scenarios is anticipated to facilitate a transition from basic digitalization to deep intelligent transformation within the industry [36]

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 | 综合影响，公司净利润下 | | --- | | 滑较大。 | 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 2024 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 | 一、保荐工作概述 | 项 目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披 | 是 | | 露文件 | | | （2）未及时审阅公司信息披露 | 次 0 | | 文件的次数 | | | 2.督导公司建立健全并有效执行 | | | 规章制度的情况 | | | ...

2024 年度股东大会的 法律意见书 二〇二五年五月 北京市中伦律师事务所 关于软通动力信息技术（集团）股份有限公司 北京市中伦律师事务所 关于软通动力信息技术（集团）股份有限公司 2024 年度股东大会的 法律意见书 致：软通动力信息技术（集团）股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受软通动力信息技术（集团） 股份有限公司（以下简称"公司"）委托，指派律师见证公司 2024 年度股东大会 （以下简称"本次股东大会"）。本所律师根据《中华人民共和国公司法》（以下 简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市 公司股东会规则》（以下简称"《股东会规则》"）、《律师事务所从事证券法律业务 管理办法》等相关法律、行政法规及《软通动力信息技术（集团）股份有限公司 章程》（以下简称"《公司章程》"）的规定，对本次股东大会的相关事项进行见证 并出具法律意见。 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则（试行）》等规定及本法律意见书出具日 以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信 ...

证券代码：301236 证券简称：软通动力 公告编号：2025-050 软通动力信息技术（集团）股份有限公司 2024年度股东大会决议公告 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： 1、本次股东大会未出现否决提案的情形； 2、本次股东大会未涉及变更以往股东大会已通过的决议的情形。 一、会议召开和出席情况 （一）会议的召开情况 1、会议召开时间 （1）现场会议召开时间：2025 年 5 月 16 日（星期五）下午 14:30； （2）网络投票时间：2025 年 5 月 16 日（星期五） 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 5 月 16 日（星期五）上午 9:15–9:25，9:30-11:30，下午 13:00-15:00；通过深圳证 券交易所互联网投票系统（http://wltp.cninfo.com.cn）进行网络投票的具体时间为： 2025 年 5 月 16 日（星期五）9:15-15:00 期间的任意时间。 2、会议召开地点：北京市海淀区东北旺西路 8 号 4 号楼 AB 座建国铂萃酒 店四楼第二会 ...

Group 1 - The three major indices opened lower on May 16, with the ChiNext and Shenzhen Composite Index turning positive, while the computer sector showed a low opening followed by a rebound [1] - The Software ETF (159852) closely tracks the CSI Software Service Index, which covers 30 listed companies involved in software development and services, reflecting the overall performance of the software service industry [1] - The People's Bank of China and four other departments held a meeting emphasizing the need for financial management and technology departments to support technological innovation through various policy measures [1] Group 2 - Ping An Securities believes that competition in the global large model field remains intense, maintaining a positive outlook on AI investment opportunities, particularly in areas like OA/ERP/programming/office applications [2] - CITIC Securities notes that after the first quarter reports, market earnings forecasts have been slightly downgraded, with most companies' valuations now at reasonable levels, suggesting to track semiconductor sector opportunities based on potential tariff policy reversals [2] - The semiconductor sector's two main lines of focus include identifying undervalued companies with potential earnings recovery and defensive stocks less affected by tariff policies, particularly in the AI and semiconductor software sectors [2]

Investment Rating - The report maintains an "Accumulate" rating for the company [1][12][13] Core Views - The company is positioned to benefit from the growth of the Hongmeng ecosystem and its investments in robotics, which are expected to accelerate its growth [12] - The company plans to raise up to 3.378 billion yuan through a private placement to fund projects in the Jing-Jin-Ji region, AIPC intelligent manufacturing base, and the Huailai intelligent computing center [5][6] - The company has launched a full-stack AI strategy, focusing on AI consulting services and developing AI workstations, servers, and PCs [7][10] Recent Performance - Over the past year, the company's stock has increased by 53.0%, outperforming the CSI 300 index, which rose by 7.8% [4] - The company's current market capitalization is approximately 57.024 billion yuan, with a circulating market value of 40.710 billion yuan [4] Financial Projections - Projected revenues for 2025-2027 are 356.84 billion yuan, 409.48 billion yuan, and 472.28 billion yuan, respectively, with corresponding net profits of 3.92 billion yuan, 5.50 billion yuan, and 7.53 billion yuan [12][11] - The earnings per share (EPS) are expected to be 0.41 yuan, 0.58 yuan, and 0.79 yuan for the years 2025, 2026, and 2027, respectively [12][11] Strategic Developments - The company is investing in two major manufacturing bases and an intelligent computing center to strengthen its layout in the Xinchuang, AIPC, and intelligent computing fields [6] - The Jing-Jin-Ji soft communication manufacturing base project has an estimated total investment of 1.381 billion yuan, focusing on the production of intelligent PC and server lines [6] - The AIPC intelligent manufacturing base project is expected to require an investment of 1.205 billion yuan, integrating production and research [6] Robotics Initiatives - The company has established a humanoid robotics division and is collaborating with Zhiyuan Robotics to develop general-purpose humanoid robots [10] - Specific products include various types of robots aimed at industrial applications, educational settings, and public exhibitions [10]

Market Performance - Huawei Ascend concept declined by 3.09%, ranking among the top decliners in the concept sector [1] - Within the sector, Wutong Technology hit the daily limit down, while Pingzhi Information, Tongdahai, and Kela Software also experienced significant declines [1] - Only four stocks within the sector saw price increases, with Xingtuxinke, *ST Zhisheng, and Qidi Design rising by 7.94%, 4.99%, and 4.19% respectively [1] Concept Sector Overview - The top gainers among concept sectors included NMN concept (+2.07%), synthetic biology (+2.05%), and pet economy (+1.98%) [2] - Conversely, Huawei Pangu and Huawei Ascend concepts saw declines of 3.76% and 3.09% respectively [2] Capital Flow Analysis - The Huawei Ascend concept sector experienced a net outflow of 3.493 billion yuan, with 59 stocks seeing net outflows [2] - The stock with the highest net outflow was Changshan Beiming, with a net outflow of 439 million yuan, followed by Tuo Wei Information and Runhe Software with outflows of 386 million yuan and 327 million yuan respectively [2] - Stocks with the highest net inflows included *ST Zhisheng, Qunxing Toys, and Kaipu Cloud, with inflows of 2.600 million yuan, 1.518 million yuan, and 1.398 million yuan respectively [2] Individual Stock Performance - Notable decliners in the Huawei Ascend concept included Changshan Beiming (-5.14%), Tuo Wei Information (-4.59%), and Runhe Software (-3.26%) [3] - Other significant decliners included Wutong Technology (-10.01%) and Pingzhi Information (-7.65%) [3][4] - Stocks with positive performance included Xingtuxinke (+7.94%) and *ST Zhisheng (+4.99%) [4]

Investment Rating - The report suggests a positive investment outlook for the computer sector, highlighting significant investment opportunities due to recent tariff reductions between China and the US [6][7]. Core Insights - The easing of tariffs is expected to boost confidence in the computer sector, particularly benefiting companies previously affected by tariff sentiments and those in the AI industry chain and fintech segments [6][7]. - The report emphasizes the importance of companies with core technology, high growth potential, and domestic substitution capabilities for long-term investment [6][7]. - The computer sector's foreign revenue is approximately 12%, indicating limited direct impact from tariff policies, while holdings in the sector are at a historical low, suggesting potential for valuation recovery [7][8]. Summary by Sections Investment Highlights - The report notes that the computer sector achieved a total revenue of RMB 286.03 billion in Q1 2025, representing a year-on-year increase of 15.25%, with net profit attributable to shareholders rising by 193.52% [8]. - The report identifies key companies for investment, including Streamax Technology, Autel Intelligent Technology, and Beijing Kingsoft Office Software, among others [6][8]. Market Dynamics - The report highlights that the demand for IT investments from downstream clients is expected to continue rising, supported by domestic policy efforts and economic recovery [8]. - The growth logic of the sector is further strengthened by technological iterations and demand recovery, particularly in AI applications and domestic chip development [9].

Group 1 - Huawei Pangu concept declined by 3.76%, ranking among the top declines in the concept sector, with companies like Kute Intelligent, Kela Software, and Newcap rising to the forefront of declines [1][2] - The concept sector saw a net outflow of 1.92 billion yuan, with 25 stocks experiencing net outflows, and 10 stocks seeing outflows exceeding 50 million yuan, led by Changshan Beiming with a net outflow of 439 million yuan [2] - Other notable net outflows included Tuo Wei Information, Softcom Power, and Kela Software, with net outflows of 386 million yuan, 227 million yuan, and 178 million yuan respectively [2][3] Group 2 - The top gainers in the concept sector included NMN concept with a gain of 2.07%, while other sectors like synthetic biology and pet economy also saw positive movements [2] - The trading volume for the stocks in the Huawei Pangu concept showed significant turnover rates, with Changshan Beiming at 9.26% and Kela Software at 12.66% [2][3] - The net inflow of funds was observed in stocks like Sunshine Nuohuo and Wanda Information, with net inflows of 2.85 million yuan and 1.21 million yuan respectively [3]