工业软件：借鉴海外，修炼自身

Investment Rating - The report suggests a positive outlook for the industrial software sector in China, indicating a potential for significant growth and investment opportunities [1]. Core Insights - The industrial software sector is seen as crucial for China's manufacturing industry, which has gained substantial global influence. The report emphasizes the need for China to leverage its existing industrial capabilities while addressing its weaknesses to achieve self-sufficiency in industrial software [1]. - Historical experiences from overseas firms highlight the importance of integrating industrial knowledge with software technology to dominate the market. This model is recommended for Chinese firms to follow [1]. - The report identifies a clear trend towards "domestic substitution" in response to foreign technology restrictions, suggesting that Chinese companies are increasingly focusing on developing their own industrial software solutions [1]. Summary by Sections 1. Definition and Global Landscape of Industrial Digital Software - Industrial software is defined as the "brain and nerve" of industrial manufacturing, covering all aspects from research and design to production management and process control [6]. - The software is categorized into several types, including research and design software (e.g., CAD, CAE), production control software, business management software, and embedded software [6][7]. 2. Initial Thoughts on China's Industrial Software Development - China's industrial software sector faces dual pressures from domestic limitations (e.g., funding and experience) and foreign technology restrictions [12]. - The report notes that 80% of industrial software in China is dominated by foreign companies, highlighting the need for self-sufficiency [13]. 3. Development of China's Industrial Software: Leveraging Strengths and Addressing Weaknesses - The report emphasizes the importance of utilizing China's substantial industrial base, which accounted for approximately 30% of global industrial value added in 2023 [26]. - It suggests that China should focus on enhancing its supply and demand capabilities to foster the growth of its industrial software sector [26]. 4. Investment Recommendations - The report identifies several companies as potential investment targets in the industrial software space, including Giken Electronics, BGI, and others, indicating a growing market for domestic software solutions [1].