7月31日，中望软件发布公告称，公司获悉，Autodesk, Inc.（以下简称"Autodesk"）在美国加利福尼亚北区联邦地区法院起 诉公司及有关主体著作权侵权等事项。Autodesk 指控公司及相关主体存在侵犯其著作权、商业秘密以及违反双方既有协议 等行为，其诉讼请求主要包括:请求法院对中望软件及相关主体发布禁令，判令其承担侵权及违约责任以及赔偿相应损失。 对此，中望软件在公告中表示，公司对 Autodesk 主张不予认可，将积极采取有力措施应诉，切实维护公司和股东的利益不 受侵害。 中望软件强调，公司自成立以来，始终高度重视研发创新，所研发的软件均拥有自主的知识产权。公司专注于工业设计软 件超过20 年，已经建立了以"自主二维 CAD、三维 CAD/CAM、流体/结构/电磁等多学科仿真"为主的自主核心技术与产品 矩阵。 中望软件表示，高度重视上述诉讼，将采取有力措施积极应诉。鉴于目前具体涉诉金额尚未明确，且该诉讼案件尚未开庭 审理，最终的判决结果尚不确定，目前中望软件无法预计对公司本期及期后损益的影响，最终实际影响以法院生效判决为 准。 （文章来源：广州日报） ...

Core Viewpoint - The first design-oriented industrial software company listed on the A-share market, Zhongwang Software, is being sued by global software giant Autodesk for copyright infringement and other claims [2][3]. Group 1: Legal Proceedings - Autodesk has filed a lawsuit against Zhongwang Software and related parties in the U.S. District Court for the Northern District of California, alleging copyright infringement, misappropriation of trade secrets, and breach of existing agreements [2][3]. - Autodesk is seeking preliminary and permanent injunctions to prevent Zhongwang Software and related parties from continuing the alleged infringing activities, as well as compensation for damages incurred due to the alleged infringement and breach [3][5]. - The lawsuit involves multiple defendants, including Zhongwang Software, ZWCAD Design Co., Ltd. (which has been dissolved), HK ZWCAD Software Ltd., and ZWSOFT America Inc. [3]. Group 2: Company Response - Zhongwang Software has stated that it does not acknowledge Autodesk's claims and will actively respond to the lawsuit [2][4]. - The company emphasizes its commitment to research and innovation, asserting that all its developed software possesses independent intellectual property rights [4]. - Zhongwang Software has a history of legal disputes with Autodesk, including a previous lawsuit in 2014 regarding the alleged misuse of AutoCAD source code, which was settled in 2015 [5].

Core Viewpoint - The first design-oriented industrial software company listed on the A-share market, Zhongwang Software, is being sued by global software giant Autodesk for copyright infringement and other claims [1][2]. Group 1: Legal Proceedings - Autodesk has filed a lawsuit against Zhongwang Software and related parties in the U.S. District Court for the Northern District of California, alleging copyright infringement, misappropriation of trade secrets, and breach of existing agreements [1][2]. - The lawsuit requests preliminary and permanent injunctions against Zhongwang Software and related parties, compensation for damages, and the destruction of infringing copies related to ZWCAD [2][3]. - Zhongwang Software has stated that it does not recognize Autodesk's claims and will actively respond to the lawsuit, although the specific amount involved in the case has not been clarified yet [1][3]. Group 2: Company Background - Zhongwang Software has been focused on industrial design software for over 20 years, developing a range of products including its own 2D and 3D CAD/CAM software, and has established a core technology and product matrix [3]. - The company emphasizes its commitment to research and innovation, asserting that all its developed software possesses independent intellectual property rights [3]. Group 3: Previous Legal Issues - This is not the first legal dispute between Autodesk and Zhongwang Software; Autodesk previously filed lawsuits in 2014 regarding alleged theft of AutoCAD source code used in the development of ZWCAD+ [4]. - A settlement was reached in November 2015 between Zhongwang Software and Autodesk regarding the earlier lawsuits [4].

Core Insights - The GARP (Growth at a Reasonable Price) strategy combines value and growth investing, focusing on undervalued stocks with solid growth prospects [1][2][7] GARP Strategy Overview - GARP investing aims to provide an ideal investment by utilizing features from both value and growth investing, targeting stocks priced below market value with strong cash flow and earnings potential [3][4] - Ideal growth rates for GARP investors are between 10% and 20%, focusing on stable growth rather than super-normal rates [3] Screening Parameters - Stocks selected under the GARP strategy must have a Zacks Rank of 1 (Strong Buy) or 2 (Buy), with last 5-year EPS and projected 3-5 year EPS growth rates between 10% and 25% [6] - A return on equity (ROE) greater than the industry average and P/E and P/B ratios less than the industry average are also key criteria [6] Promising GARP Stocks - GE Aerospace is experiencing strong demand for commercial engines and expects organic revenue growth in the low-double-digit range for 2025, with a year-to-date stock surge of 62.1% [9][10] - Autodesk is benefiting from new business growth and strong demand for its cloud-based products, with a year-to-date return of 3.7% [12][13] - Adobe's tools are gaining traction, with over 700 million monthly active users, although the stock has declined 16.6% year-to-date [14][16] - Sprouts Farmers Market is well-positioned in the natural and organic food market, planning to open at least 35 new stores in 2025, with a year-to-date return of 23.5% [17][18][19]

Group 1 - Autodesk has reportedly backed off from a potential acquisition of PTC, focusing instead on organic investments and smaller acquisitions [2][3] - Following the speculation of the acquisition, Autodesk's stock initially fell, while PTC's stock experienced a significant rise, typical of merger arbitrage activities [2][3] - Despite the acquisition talks being off the table, PTC remains an attractive investment due to its consistent double-digit growth in software subscriptions and the increasing adoption of digital technologies [12][13] Group 2 - PTC is seen as a highly attractive asset in the context of ongoing consolidation in the industrial software sector, with notable acquisitions by companies like Siemens and Synopsys [5][6] - A potential combination of Autodesk and PTC would create a stronger competitor against European leaders in the CAD/PLM/CAE space, enhancing their market position [8][9] - PTC's solutions are integral to modern manufacturing, with expectations of continued growth in annual recurring revenue (ARR) and free cash flow, making it a solid option for diversified growth portfolios [12][13]

Company Performance - Autodesk (ADSK) stock closed at $299.43, reflecting a +1.45% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.06% [1] - Over the past month, Autodesk shares have depreciated by 1.92%, underperforming the Computer and Technology sector's gain of 9.6% and the S&P 500's gain of 5.88% [1] Upcoming Financial Results - Autodesk is expected to report EPS of $2.44, which represents a 13.49% increase from the prior-year quarter [2] - The Zacks Consensus Estimate for revenue is projecting net sales of $1.73 billion, up 14.65% from the year-ago period [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates forecast earnings of $9.64 per share and revenue of $6.97 billion, indicating changes of +13.81% and +13.67%, respectively, compared to the previous year [3] - Recent revisions to analyst forecasts for Autodesk are important as they reflect evolving short-term business trends, with positive revisions indicating analyst optimism [3] Valuation Metrics - Autodesk has a Forward P/E ratio of 30.62, which is a premium compared to the industry average Forward P/E of 29.18 [6] - The company has a PEG ratio of 1.94, compared to the Internet - Software industry's average PEG ratio of 2.18 [6] Industry Context - The Internet - Software industry is part of the Computer and Technology sector and currently holds a Zacks Industry Rank of 77, placing it in the top 32% of all 250+ industries [7] - The strength of individual industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [7]

Company Performance - Autodesk's stock closed down 1.9% at $288.96, underperforming the S&P 500 which lost 0.4% [1] - Prior to the recent trading session, Autodesk shares had declined 1.59%, lagging behind the Computer and Technology sector's gain of 6.34% and the S&P 500's gain of 4.97% [1] Upcoming Earnings - Autodesk's upcoming EPS is projected at $2.44, indicating a 13.49% increase year-over-year [2] - Revenue is anticipated to be $1.73 billion, reflecting a 14.65% increase compared to the same quarter last year [2] Full Year Estimates - For the full year, earnings are projected at $9.64 per share and revenue at $6.97 billion, showing increases of 13.81% and 13.67% respectively from the previous year [3] - Recent changes to analyst estimates suggest a positive outlook for Autodesk's business trends [3] Zacks Rank and Valuation - Autodesk currently holds a Zacks Rank of 3 (Hold), with a recent upward shift of 0.12% in the EPS estimate [5] - The Forward P/E ratio for Autodesk is 30.56, which is higher than the industry average of 28.28 [6] - Autodesk's PEG ratio stands at 1.94, compared to the industry average PEG ratio of 2.18 [6] Industry Context - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 64, placing it in the top 26% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Group 1: Autodesk Overview - Autodesk (ADSK) shares increased by 5.1% to $294.55 in the last trading session, following a period of 4% loss over the past four weeks, indicating a significant recovery [1] - The company is experiencing positive momentum from cloud transition and growing adoption of its solutions by government agencies, contributing to stability in its topline [1] Group 2: Earnings Expectations - Autodesk is projected to report quarterly earnings of $2.44 per share, reflecting a year-over-year increase of 13.5%, with revenues expected to reach $1.73 billion, up 14.7% from the previous year [2] - The consensus EPS estimate for Autodesk has been revised slightly higher in the last 30 days, suggesting a potential for price appreciation [3] Group 3: Industry Comparison - Autodesk is part of the Zacks Internet - Software industry, where Informatica Inc. (INFA) has a consensus EPS estimate of $0.21, unchanged over the past month, representing an 8.7% decline from the previous year [4] - Informatica Inc. currently holds a Zacks Rank of 4 (Sell), contrasting with Autodesk's Zacks Rank of 3 (Hold) [3][4]

Group 1: Hong Kong Stock Market Highlights - Yunfeng Financial (00376) surged over 21% as the company plans to strategically invest in digital currency and AI sectors [1] - China Merchants Securities (06099) opened nearly 15% higher and is currently up over 4% after receiving approval for a virtual asset license [1] - GDS Holdings (09698) rose over 7% as its Southern GDS data center REIT concluded public investor fundraising ahead of schedule [1] - Hillstone Technology (01478) increased nearly 6% with positive earnings expectations, and Citigroup anticipates a favorable market reaction [1] - Sunny Optical Technology (02382) briefly rose over 3% and is currently up over 1% as its lithography equipment successfully entered Shanghai, indicating a shift to mass production [1] - Kintor Pharmaceutical (02171) saw an early gain of over 3% after achieving positive results in the European patent opposition process [1] - Bilibili (09626) rose over 5% as HSBC expressed optimism about its gaming and advertising business, with new games planned for 2025 [1] - Solar stocks experienced a decline, with institutions citing electricity prices affecting the stable profitability of new energy projects [1] Group 2: U.S. Stock Market Highlights - The U.S. nuclear sector saw gains, with NuScale Power (SMR.US) up 12.38% and Oklo Inc (OKLO.US) up 11.29%, following comments from the U.S. Energy Secretary about a nuclear revival [3] - Autodesk (ADSK.US) rebounded 5.05% after a period of decline, expressing confidence in its cloud and AI business strategies [3] - Sonnet BioTherapeutics (SONN.US) surged 86.46% due to a merger announcement, forming a cryptocurrency financial company valued at $888 million [3] - Quantum stocks rose, with D-Wave Quantum (QBTS.US) up 6.89% and Quantum Computing (QUBT.US) up 8.66% [3] - Hims & Hers Health (HIMS.US) increased 8.64% as it plans to enter the Canadian market with a generic drug following the expiration of a patent [4] - Rocket Lab (RKLB.US) rose 10.71% after Citigroup raised its target price, noting a significant increase in global space technology investments [4] - Nvidia-related stocks mostly strengthened as Jensen Huang made his third visit to China this year [5] - Cryptocurrency stocks collectively rose, with Bitcoin surpassing $120,000, driven by upcoming legislative reviews in the U.S. [5] - Tesla (TSLA.US) gained 1.08% amid investor speculation regarding a stake in xAI [5] - Netflix (NFLX.US) rose 1.35% ahead of its upcoming earnings report, with analysts projecting significant revenue growth [6]

Group 1 - The market is experiencing index differentiation due to sector rotation, with ongoing upward momentum in the market [1][13] - The U.S. stock market closed higher, with the Dow Jones up 0.20%, Nasdaq up 0.27%, and S&P 500 up 0.14% [4] - The communication sector led gains, while the energy sector saw the largest decline [4] Group 2 - Autodesk shares rose by 5.1% after reports that the company will no longer seek to acquire PTC, which saw its stock drop by 1.8% [4] - Bitcoin surpassed $120,000 for the first time, boosting the cryptocurrency sector, with Coinbase up 1.8% and MicroStrategy up 3.8% [4] - The Nasdaq Golden Dragon China Index increased by 0.7%, with Bilibili up 4.2% and Alibaba and NetEase rising over 1% [4] Group 3 - China’s central bank announced a 14 billion yuan reverse repurchase operation to maintain liquidity in the banking system [5] - The People's Bank of China is focusing on structural monetary policy tools to support technology innovation and consumption [5] - The Green Finance Support Project Directory (2025 version) was issued to enhance liquidity in the green finance market [6] Group 4 - China Salt Chemical reported a 26.51% decrease in total operating revenue for the first half of 2025, with a net profit of 441 million yuan, down 42.24% year-on-year [8] - CICC expects a net profit increase of 55% to 78% for the first half of 2025, projecting a profit of 34.53 billion to 39.66 billion yuan [9] - Sanyuan Group anticipates a significant net profit increase of 810.41% to 1265.61% for the first half of 2025 [10] Group 5 - Vanke A expects a net loss of 10 billion to 12 billion yuan for the first half of 2025, primarily due to declining project settlement scale and low gross margins [11] - Yonghui Supermarket forecasts a net loss of 240 million yuan for the first half of 2025, impacted by store closures and supply chain reforms [12] - Jinpu Titanium Industry plans to acquire 100% of Nanjing Lide Oriental Rubber and Plastic Technology Co., with stock resuming trading after a suspension [13]