证券代码：600845 900926 证券简称：宝信软件 宝信 B 公告编号：临 2025-053 上海宝信软件股份有限公司 2025 年第三次临时股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 12 月 29 日 (二)股东会召开的地点：上海市宝山区湄浦路 361 号公司 302 会议室 表决情况： | 股东类型 | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | | | 票数 | 比例 | 票数 | 比例 | 票数 | 比例 | | | | （%） | | （%） | | （%） | | A 股 | 29,746,793 | 63.7992 | 16,745,242 | 35.9142 | 133,577 | 0.2866 | | B 股 | 61,975,918 | 76.3724 | 19,173,684 | 23. ...

上海市长乐路 989 号世纪商贸广场 26-27 楼 邮编 200031 26-27th Floor, The Center, No.989 Changle Road, Shanghai 200031,P.R.C. Tel: (86-21) 5292-1111, (86-21) 6350-0777 Fax: (86-21) 5292-1001, (86-21) 6272-6366 www.watson-band.com.cn mail@watson-band.com.cn 上海市华诚律师事务所 关于上海宝信软件股份有限公司 2025 年第三次临时股东会 所涉相关问题的 法律意见书 上海市华诚律师事务所 二零二五年十二月 上 海 北 京 香 港 哈尔滨 兰 州 烟 台 广 州 芝加哥 东 京 S h a n g h a i B e i j i n g H o n g K o n g H a r b i n L a n z h o u Y a n t a i G u a n g z h o u C h i c a g o T o k y o 关于上海宝信软件股份有限公司 2025 年第三次临时股东会所涉相关问题的 ...

证券代码：600845 900926 证券简称： 宝信软件 宝信 B 公告编号：临 2025-053 上海宝信软件股份有限公司 (二)股东会召开的地点：上海市宝山区湄浦路 361 号公司 302 会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 821 | | --- | --- | | 其中：A 股股东人数 | 709 | | 股） 境内上市外资股股东人数（B | 112 | | 2、出席会议的股东所持有表决权的股份总数（股） | 127,775,214 | | 其中：A 股股东持有股份总数 | 46,625,612 | | 境内上市外资股股东持有股份总数(B 股) | 81,149,602 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 4.4508 | | 其中：A 股股东持股占股份总数的比例（%） | 1.6241 | | 境内上市外资股股东持股占股份总数的比例（%） | 2.8267 | 2025年第三次临时股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导 ...

今日具体限售解禁股情况如下： 智通财经APP获悉，12月29日共有20家上市公司的限售股解禁，解禁总市值约338.55亿元。 | 股票简称 | 股票代码 | 限售股类型 | 解禁股数 | | --- | --- | --- | --- | | 徐工机械 | 000425 | 股权激励限售流通 | 296.76万 | | 视觉中国 | 000681 | 股权激励限售流通 | 12.9万 | | 中国软件 | 600536 | 股权激励限售流通 | 75.16万 | | 舍得酒业 | 600702 | 股权激励限售流通 | 38.47万 | | 宝信软件 | 600845 | 股权激励限售流通 | 26.14万 | | 航天长峰 | 600855 | 股权激励限售流通 | 45.46万 | | 岳阳林纸 | 600963 | 股权激励限售流通 | 27万 | | 广东鸿图 | 002101 | 股权激励限售流通 | 97.48万 | | 中国海诚 | 002116 | 股权激励限售流通 | 345.49万 | | 华民股份 | 300345 | 增发A股法人配售上市 | 1.32亿 | | 和晶科技 | 3002 ...

Summary of Key Points from the Equity Research Report Industry Overview - **Industry**: China's Industrial Software Sector - **Current Demand**: Mild recovery in demand observed in 9M25, with overall industrial digitalization demand remaining lukewarm. Many software players are experiencing low capital expenditure willingness and delayed project implementations [3][8] - **Market Performance**: Share prices of Baosight and BOCHU corrected by 29% and 4% YTD, respectively, while Longshine's share price increased by 26% YTD, outperforming the CSI 300 index which rose by 17% YTD [3] Company-Specific Insights Longshine (300682 CH) - **Recommendation**: Upgraded to Buy from Hold with a target price lowered to RMB19.00 from RMB22.00. Expected net profit CAGR of 42% from 2025 to 2027, driven by growth in grid digitalization, EV charging platform nearing breakeven, and power trading [4][18] - **Valuation**: Currently trading at a 0.6x 2026 PEG, compared to the peer average of 0.8x, indicating attractive valuation post-correction [19] - **Earnings Estimates**: 2025 net profit estimates reduced by 14% to RMB446 million, and 2026 estimates lowered by 6% to RMB666 million due to lower online utility payment trading volume and EV charging volume [10][28] - **Revenue Estimates**: Total revenue estimates for 2025 adjusted down by 1% to RMB4.726 billion, with stable growth expected in energy digitalization [11][28] BOCHU (688188 CH) - **Recommendation**: Maintained Buy rating with a target price lowered to RMB153.00 from RMB160.71. Expected net profit CAGR of 22% from 2025 to 2027 [35][46] - **Earnings Estimates**: 2025 net profit estimates reduced by 4% to RMB1.067 billion, with slight increases in revenue estimates for 2025, 2026, and 2027 [39][43] - **Market Position**: Anticipated growth in smart welding and precision processing, despite challenges from intense competition in the laser cutting equipment sector [38][52] Baosight (600845 CH) - **Recommendation**: Maintained Buy rating with a target price lowered to RMB23.00 from RMB32.00. Expected net profit CAGR of 16% over 2025-2027, despite short-term demand pressure in steel digitalization [4][43] - **Earnings Estimates**: Significant cuts in revenue estimates for 2025-2027 by 30-37% due to underestimated impacts from destocking in the downstream steel industry [4][43] Key Risks and Considerations - **Longshine**: - High client concentration with top five clients representing 66% of total revenue, leading to potential revenue volatility [27] - Competition from state-owned enterprises could intensify, impacting market share [27] - Goodwill impairment risk due to significant goodwill on the balance sheet [27] - **BOCHU**: - Intense market competition may lead to gross margin deterioration [52] - Potential share reduction by major shareholders could pressure share price [52] Conclusion - The industrial software sector in China is experiencing a mild recovery, with specific companies like Longshine and BOCHU showing potential for growth despite facing challenges. Longshine is favored for its robust earnings recovery and attractive valuation, while BOCHU is recognized for its overseas expansion and smart welding progress. Baosight, while facing short-term challenges, is still expected to benefit from long-term digitalization trends in the steel industry.

大家早上壕！ 先看海外要闻： 美股迎小幅调整，道指收跌0.04%、纳指收跌0.09%、标普500收跌0.03%；英伟达收涨1.02%、亚马逊收涨0.06%、特斯拉收跌2.10%、Meta、谷 歌A、苹果、微软至多跌0.64%。 全球多地的数据中心开发商正采用航空发动机衍生的涡轮机和化石燃料发电机进行发电。 白银期货涨超10%，创历史新高逼近80美元关口；现货铂金涨8.84%，刷新历史高位；现货钯金涨12.38%；纽约铜涨5%；周一亚市早盘白银再度 大涨逾5%。 芝商所12月26日发布重大保证金调整通知称，将于12月29日收盘后，全面上调黄金、白银、锂等金属期货品种的履约保证金。 全球最大的黄金ETF SPDR Gold Trust持仓量为1071.13吨，较前一个交易日增加2.86吨。全球最大的白银ETF iShares Silver Trust持仓量为16390.56 吨，较前一个交易日减少56.41吨。 特朗普称俄乌"接近达成协议"，"20点和平计划"已95%谈妥。 国内重大事件汇总： 一周券商策略前瞻： 本周各家券商策略分析师整体依旧保持乐观。 华西策略李立峰团队称，岁末年初多头势力聚集，"春季躁动"行 ...

Group 1 - December PMI data will be released on December 31, with November manufacturing PMI at 49.2%, an increase of 0.2 percentage points from October, indicating improved economic conditions [1] - The non-manufacturing business activity index for November is at 49.5%, a decrease of 0.6 percentage points from October, suggesting a decline in service sector activity [1] - The comprehensive PMI output index for November stands at 49.7%, down 0.3 percentage points from October, reflecting overall economic contraction [1] Group 2 - The 2025 Shenzhen Brain Conference is being held from December 28 to 30, aiming to create a platform for industry integration and innovation [2] - The purchase tax for new energy vehicles will be adjusted to a 50% reduction starting January 1, 2026, changing the maximum tax exemption from 30,000 yuan to 15,000 yuan per vehicle [3] Group 3 - A total of 622.7 billion yuan in reverse repos will mature next week, with significant amounts maturing on specific days, including 470.1 billion yuan on Sunday [4] - Next week, the market will see a significant decrease in the scale of locked-up shares being released, with only 3 trading days due to the New Year holiday, totaling 3.683 billion shares worth approximately 58.097 billion yuan [5] Group 4 - Specific companies with significant lock-up share releases include Baiwei Storage and Yingxi Network, each with a release value exceeding 10 billion yuan [5] - Detailed data on individual companies releasing shares includes various firms with their respective release dates, quantities, and market values [6][7] Group 5 - There are no new stock issuances planned for the upcoming week, with only three trading days available [8]

Group 1 - The core viewpoint of the news is that Baoxin Software's stock has experienced fluctuations, with a recent increase in price despite a significant year-to-date decline [1] - As of December 26, Baoxin Software's stock price is 20.79 yuan per share, with a market capitalization of 59.683 billion yuan [1] - The company has seen a net inflow of main funds amounting to 2.1138 million yuan, with significant buying and selling activity from large orders [1] Group 2 - For the period from January to September 2025, Baoxin Software reported a revenue of 7.052 billion yuan, a year-on-year decrease of 27.72%, and a net profit attributable to shareholders of 1.098 billion yuan, down 43.13% year-on-year [2] - The company has distributed a total of 10.067 billion yuan in dividends since its A-share listing, with 5.736 billion yuan distributed in the last three years [3] - As of September 30, 2025, the number of shareholders increased to 137,500, while the average circulating shares per person decreased by 4.86% to 19,437 shares [2][3]

（编辑 丛可心 袁冠琳） 证券日报网讯 12月25日，宝信软件在互动平台回答投资者提问时表示，公司认真学习监管部门关于市 值管理的精神，已制定《市值管理制度》《未来三年股东回报规划（2025-2027）》《2025年度"提质增 效重回报"行动方案》等制度。未来如有相关措施，公司将在履行决策程序后及时披露。 ...

（编辑 丛可心 袁冠琳） 证券日报网讯 12月25日，宝信软件在互动平台回答投资者提问时表示，公司将深耕钢铁行业，依托深 厚的行业应用知识储备，推动机器人规模化接入宝罗云平台，并通过增资控股图灵机器人公司，加强高 端工业机器人领域产业竞争力，努力实现钢铁制造全流程的机器人嵌入式应用。 ...