LZRJ(SH:688588) Zheng Quan Shi Bao Wang·2025-10-27 10:45Core Viewpoint - Lingzhi Software is planning to acquire a controlling stake in Kaimeride (Suzhou) Information Technology Co., Ltd. through a combination of share issuance and cash payment, while also raising supporting funds [1] Company Overview - Kaimeride, established in 2013, is recognized as a national-level "little giant" enterprise specializing in core systems for asset management in China, focusing on data governance and financial data standards [1][2] - The company has collaborated with over 100 domestic and international financial institutions, successfully implementing more than 300 projects [2] - Kaimeride holds the top market share in the banking sector for transaction systems according to the 2023-2024 report by CCID Consulting and also ranks first in the "fund business solutions" market share according to IDC [2] Market Context - The financial technology sector is experiencing rapid growth driven by policy guidance and market demand, with a strong need for domestic core system localization among financial institutions [2] - Relevant policies, such as the State-owned Assets Supervision and Administration Commission's documents and the "Financial Technology Development Plan (2022-2025)," emphasize the digital transformation of financial institutions and the localization of information systems by the end of 2027 [2] Product Development - Kaimeride's "VIVA-TCM Fund Trading and Risk Management System" has been selected as a key recommended solution by the Ministry of Industry and Information Technology for 2024, showcasing its comprehensive capabilities in managing the entire trading process [3] - The system has been successfully deployed in various large and medium-sized financial institutions, demonstrating high compatibility and reliability in complex financial scenarios [3] Strategic Implications - Lingzhi Software's acquisition of Kaimeride is expected to enhance its domestic revenue share and market presence, while Kaimeride can leverage Lingzhi's established international business to expand its global reach [4] - The acquisition is anticipated to enrich Lingzhi's client base in the financial sector and strengthen its overall service capabilities in financial technology and localization efforts [4]