DIGIWIN(SZ:300378) Chang Jiang Shang Bao·2025-12-11 23:41Core Viewpoint - Dingjie Zhizhi, a leading domestic industrial software company, is accelerating its expansion with a new convertible bond issuance approved by the China Securities Regulatory Commission, aiming to raise 8.28 billion yuan for strategic projects [1][2]. Group 1: Financial Performance - For the first three quarters of 2025, Dingjie Zhizhi reported revenue of 1.614 billion yuan, a year-on-year increase of 2.63%, and a net profit attributable to shareholders of 51.09 million yuan, up 2.40% [1][4]. - The company's total assets grew by 15.68% year-on-year to 3.556 billion yuan in the first three quarters of 2025, providing solid capital support for its digital ecosystem layout [1][5]. - From 2020 to 2024, the company's revenue increased from 1.496 billion yuan to 2.331 billion yuan, a total growth of 55.82%, while net profit rose from 121 million yuan to 156 million yuan, a growth of 28.93% [4]. Group 2: Convertible Bond Issuance - The approved convertible bond issuance totals 8.28 billion yuan, with 6.88 billion yuan allocated to the "Dingjie Digital Ecosystem Empowerment Platform Project," representing 83.09% of the total funds raised [2][3]. - The project is expected to generate an average annual revenue of 701 million yuan and a net profit of 195 million yuan during its operational phase, with an internal rate of return of 12.57% and a payback period of 8.64 years [2]. Group 3: Strategic Development - The establishment of the digital ecosystem empowerment platform is aimed at enhancing the company's core competitiveness and transitioning from a "software supplier" to an "ecosystem enabler" [3]. - The company is focusing on a comprehensive layout of "technology + products + services + ecosystem" to solidify its leading position in the industry [3]. Group 4: AI Business Growth - Dingjie Zhizhi has launched AI applications such as design generation and formula creation, with AI business revenue growing by 125.91% year-on-year in the first half of 2025, indicating accelerated growth potential [5]. - The company's total assets have steadily increased, reaching 3.556 billion yuan in the first three quarters of 2025, supporting its ongoing development [5]. Group 5: Market Performance - As of December 11, 2025, Dingjie Zhizhi's stock price closed at 41.85 yuan per share, with a total market capitalization of 11.36 billion yuan, reflecting a year-to-date stock price increase of nearly 62% [1][5].