Core Insights - The A-share software development sector is experiencing a strong rebound, with companies like Geer Software, 360, and Zhizhen Technology hitting the daily limit up, while the ChiNext Software ETF (Hua Xia, 159256) surged over 2% during trading [1] - Alibaba has officially launched its personal AI assistant "Qianwen APP," entering the AI to C market, which is based on the globally leading open-source model Qwen3 [1] - The launch signifies Alibaba's 380 billion yuan investment in AI infrastructure entering the application harvest phase, aiming to create a future AI life portal covering various scenarios such as office work, maps, health, and shopping [1] - The Qianwen APP adopts a free model and leverages the open-source ecosystem advantage of over 600 million downloads of the Qwen series models, positioning itself to compete directly with international products like ChatGPT [1] - In the AI industry chain, the software sector plays a crucial role in both the midstream technology layer and the downstream application layer, providing essential technical support and facilitating the implementation of AI applications [1] Industry Analysis - Guotai Junan Securities analysis indicates that Alibaba's launch of the Qianwen APP aims to accelerate technological iteration through massive C-end user data, fostering a virtuous cycle of "computing power investment - model upgrade - application profitability" [2] - This strategic move is expected to drive sustained growth in the domestic computing power industry chain demand [2]

Core Viewpoint - Huawei's HarmonyOS concept has experienced a volatile rebound, with several related companies seeing significant stock price increases [1] Group 1: Stock Performance - Companies such as Borui Data, Geer Software, Rongji Software, and 360 Technology have reached their daily price limit increase [1] - Other companies including Dongfang Guoxin, Dahua Intelligent, Zhaori Technology, Softcom Power, Wantong Technology, and Tuwei Information also experienced stock price increases [1]

Group 1 - Huawei's Euler segment shows strong performance with significant stock increases in related companies [1] - Tuowei Information's stock rose over 6% [1] - Chengmai Technology's stock increased by 4.81% [1] - Ruantong Power's stock went up by 4.79% [1] - Runhe Software and Tianyuan Dike both saw stock increases of over 2% [1]

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 司向特定对象发行股票 之 发行保荐书 保荐人 二〇二五年十一月 保荐人出具的证券发行保荐书 保荐人及保荐代表人声明 中信建投证券股份有限公司及本项目保荐代表人许杰、谌泽昊根据《中华人 民共和国公司法》《中华人民共和国证券法》等有关法律、法规和中国证监会的 有关规定以及深圳证券交易所的有关业务规则，诚实守信，勤勉尽责，严格按照 依法制订的业务规则、行业执业规范和道德准则出具本发行保荐书，并保证发行 保荐书的真实性、准确性和完整性。 3-1-1 | 释 | 义 3 | | --- | --- | | 第一节 | 本次证券发行基本情况 4 | | | 一、本次证券发行具体负责推荐的保荐代表人 4 | | | 二、本次证券发行项目协办人及项目组其他成员 4 | | | 三、发行人基本情况 6 | | | 四、保荐人与发行人关联关系的说明 10 | | | 五、保荐人内部审核程序和内核意见 11 | | | 六、保荐人对私募投资基金备案情况的核查 12 | | 第二节 | 保荐人承诺事项 13 | | 第三节 | 关于有偿聘请第三方机构和个人等相关行为 ...

中信建投证券股份有限公司 关于 软通动力信息技术（集团）股份有限公司向 特定对象发行股票 之 上市保荐书 保荐人 中信建投证券股份有限公司及本项目保荐代表人许杰、谌泽昊已根据《中华 人民共和国公司法》《中华人民共和国证券法》等法律法规和中国证监会及深圳 证券交易所的有关规定，诚实守信，勤勉尽责，严格按照依法制定的业务规则和 行业自律规范出具本上市保荐书，并保证所出具文件真实、准确、完整。 3-3-1 | 释 义 3 | | --- | | 一、发行人基本情况 4 | | 二、发行人本次发行情况 15 | | 三、本次证券发行上市的保荐代表人、协办人及项目组其他成员情况、联系地址、 | | 电话和其他通讯方式 18 | | 四、关于保荐人是否存在可能影响公正履行保荐职责情形的说明 20 | | 五、保荐人按照有关规定应当承诺的事项 20 | | 六、保荐人关于发行人是否已就本次证券发行上市履行了《公司法》《证券法》 | | 和中国证监会及深圳证券交易所规定的决策程序的说明 21 | | 七、保荐人关于发行人是否符合板块定位及国家产业政策所作出的专业判断以及 | | 相应理由和依据，以及保荐人的核查内容和核查过程 ...

Core Points - Softcom Power has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific investors [1] - The total amount to be raised from this issuance is not more than RMB 334,832.03 million, which will be used for various projects including the Beijing-Tianjin-Hebei Soft Communication Intelligent Manufacturing Base [1][2] - The issuance will involve up to 285,882,353 shares, representing no more than 30% of the total share capital prior to the issuance [2] Summary by Sections - **Issuance Approval** - The Shenzhen Stock Exchange's listing review center has deemed that Softcom Power meets the conditions for issuing shares [1] - The final approval from the China Securities Regulatory Commission (CSRC) is still pending, introducing uncertainty regarding the timing and outcome of the registration [1] - **Details of the Share Issuance** - The shares will be domestic RMB ordinary shares (A-shares) with a par value of RMB 1.00 each [2] - The issuance will target no more than 35 specific investors, including qualified institutional investors and other eligible entities [2] - The pricing will be based on the average trading price over the 20 trading days prior to the pricing benchmark date, with a minimum price set at 80% of that average [2] - **Sponsorship** - The sponsor for this issuance is CITIC Securities Co., Ltd., with representatives Xu Jie and Chen Zehao [3]

Core Viewpoint - Softcom Power (301236) has received approval for its application to issue shares to specific targets, aiming to raise approximately 3.348 billion yuan through the issuance of up to 286 million shares [1] Group 1 - The company plans to issue a maximum of 286 million shares [1] - The expected fundraising amount is 3.348 billion yuan [1] - The sponsor for this issuance is CITIC Construction Investment Securities Co., Ltd. (601066) [1]

Core Points - The company, Softstone Information Technology (Group) Co., Ltd., has received a notice from the Shenzhen Stock Exchange regarding its application for a specific object stock issuance [2] - The Shenzhen Stock Exchange's listing review center has determined that the company meets the conditions for issuance, listing, and information disclosure requirements [2] - The Shenzhen Stock Exchange will proceed with the relevant registration procedures with the China Securities Regulatory Commission as per regulations [2]

Core Viewpoint - The company, Softstone Technology (301236.SZ), has received a positive review from the Shenzhen Stock Exchange regarding its application for a specific stock issuance, indicating compliance with issuance and listing conditions [1] Group 1 - The Shenzhen Stock Exchange issued a notice on November 12, 2025, regarding the company's application for a specific stock issuance [1] - The listing review center of the Shenzhen Stock Exchange has determined that the company meets the requirements for stock issuance, listing conditions, and information disclosure [1] - The Shenzhen Stock Exchange will proceed to report to the China Securities Regulatory Commission for the relevant registration process as per regulations [1]

Core Viewpoint - The company, Softstone Information Technology (301236.SZ), has received a notice from the Shenzhen Stock Exchange regarding its application for a specific stock issuance, indicating that it meets the necessary conditions for issuance and listing [1] Group 1 - The Shenzhen Stock Exchange has reviewed the company's application for a specific stock issuance and found it compliant with issuance conditions, listing conditions, and information disclosure requirements [1] - Following this review, the Shenzhen Stock Exchange will proceed to report to the China Securities Regulatory Commission for the relevant registration process [1]