中国软件：再获增资，麒麟软件国产OS龙头地位强化

Investment Rating - The report maintains a "Buy" rating for China Software [1] Core Views - The increase in capital for Kirin Software strengthens its leading position in the domestic OS market, with China Software's stake expected to rise from 40.25% to between 47% and 52% [1][2] - The capital increase will enhance Kirin Software's R&D capabilities, expand its product line, and optimize its business structure, thereby consolidating the industrial ecosystem [2] - The report anticipates a unified technical route for domestic operating systems, with central and state-owned enterprises playing a crucial role in this ecosystem [2] Financial Forecasts - The projected total revenue for China Software is expected to recover from 6,723 million in 2023 to 8,067 million in 2024, with a growth rate of 19.99% [1][10] - The net profit attributable to the parent company is forecasted to improve significantly from a loss of 232.75 million in 2023 to a profit of 156.80 million in 2024, reflecting a growth rate of 167.37% [1][10] - The report projects earnings per share (EPS) to recover from a loss of 0.27 yuan in 2023 to a profit of 0.18 yuan in 2024 [1][10]