民生证券给予博思软件“推荐”评级，2025年三季报点评：业绩短期承压，AI+政务政策有望带动行业回暖

Group 1 - The core viewpoint of the report is that Minsheng Securities has given a "recommended" rating to Bosi Software (300525.SZ) based on several factors [1] Group 2 - Q3 performance is under short-term pressure due to tightened budgets from downstream clients [1] - Gross margin has improved year-on-year, and expense control remains robust [1] - The company is fully embracing AI, with multiple product lines launching AI+ products [1] - Significant policy announcements have been made, providing strong support for AI+ in government affairs [1]