软通动力信息技术（集团）股份有限公司 关于使用部分闲置募集资金进行现金管理的公告 软通动力信息技术（集团）股份有限公司（以下简称"公司"）于 2025 年 11 月 28 日召开第二届董事会第二十三次会议及第二届监事会第二十一次会议， 审议通过《关于使用部分闲置募集资金进行现金管理的议案》，同意公司（含子 公司）在确保不影响募集资金投资项目建设的前提下，使用部分暂时闲置的募集 资金进行现金管理。现将相关事项公告如下： 一、募集资金的基本情况 （一）募集资金到位情况 经中国证券监督管理委员会《关于同意软通动力信息技术（集团）股份有限 公司首次公开发行股票注册的批复》（证监许可〔2022〕123 号）同意注册，公 司首次公开发行人民币普通股（A 股）股票 6,352.9412 万股，每股面值人民币 1.00 元，每股发行价格为人民币 72.88 元，募集资金总额为人民币 463,002.35 万 元，扣除发行费用（不含税）后实际募集资金净额为人民币 434,231.79 万元。上 述募集资金到位情况已经中汇会计师事务所（特殊普通合伙）于 2022 年 3 月 10 日出具的中汇会验[2022]0626 号《验资报 ...

Group 1 - Company Softcom Power has been recognized in the IDC Market Glance report for its AI Agent technology, covering three core categories: industry agents, application development platforms, and large models [1] - The IDC report indicates that service providers with protocol adaptation capabilities, vertical scene experience, and compliance assurance will dominate the market, marking a shift of AI Agents from "concept hype" to "value realization" [1] Group 2 - Softcom Power has developed a comprehensive AI capability map with a clear implementation path, featuring the "Tianxuan AutoAgent" as a key enterprise intelligent agent orchestration platform [2] - The Tianxuan AutoAgent leverages five core technological innovations to support the development concept of "anywhere development, anywhere deployment," enabling rapid construction of dedicated intelligent agents for enterprises [2] - In the smart manufacturing sector, the intelligent agents developed by Softcom Power have improved industrial quality inspection efficiency by over 300% and reduced manual re-inspection costs by 30% [2] Group 3 - In the field of embodied intelligence, Softcom Power's self-developed Tianhe Robot OS has established an atomic action algorithm library, laying the foundation for scenario-based development of robots [3] - The company has partnered with Beijing Institute of Technology Huahui to promote the Tianhui composite robot in urban infrastructure inspection and industrial surveying [3] - Softcom Power recently won a 158 million yuan project for the Wuxi Artificial Intelligence Innovation Center, focusing on cutting-edge research in embodied intelligence [3] - Future product launches will include the "Tianqing series" for flexible manufacturing and the "Tianxi series" for general humanoid robots, gradually covering core scenarios such as 3C manufacturing and home services [3]

Group 1: ETF Performance - The ChiNext AI ETF (159242) increased by 4.46% as of November 25, 2025, with a turnover of 9.74% and a transaction volume of 31.66 million yuan [1] - Over the past 16 trading days, the ETF has attracted a total of 11.40 million yuan [1] - The underlying index, the ChiNext AI Index, rose by 4.44%, with significant gains in constituent stocks such as Changxin Bochuang (+14.31%), Guangku Technology (+13.39%), and Yidian Tianxia (+9.08%) [1] Group 2: AI Applications and Developments - Alibaba launched the "Qianwen" app on November 17, which quickly reached the top three in the free app category on the Apple App Store in China, focusing on "chatting + task execution" [2] - The app achieved over 10 million downloads in its first week, surpassing competitors like ChatGPT and Sora [2] - Ant Group released its multimodal AI assistant "Lingguang," which supports natural language generation and has reached over 2 million downloads within six days of launch [2] Group 3: AI Technology Advancements - Google introduced the new multimodal model Gemini 3 Pro, which outperformed its predecessor in various benchmarks and is integrated into Google's product ecosystem [3] - The model enhances capabilities in handling complex tasks and generating high-fidelity visual code [3] - According to CICC, the current investment intensity and financing structure in the AI industry are healthy, resembling the early stages of the internet revolution in 1997-1998, with a clear long-term trend [3]

Group 1: Core Insights - The company has outlined a comprehensive strategy for "computing power foundation and robotic expansion" since 2025, focusing on an all-stack intelligent layout [1] - The integration of computing infrastructure and robotics creates a unique competitive advantage, enabling a positive feedback loop between computing supply and intelligent applications [3] Group 2: Computing Power Infrastructure - The company has become a key player in domestic computing infrastructure, leveraging a full chain capability from "chips to hardware to platforms to services" [1] - Following the integration of Tongfang's computer business, the company has established a multi-brand matrix, including "Softcom Huafang" and "Mechanical Revolution" [1] - The AI PC shipment volume increased by 106% year-on-year, with a market share rising to 9%, securing the second position in the domestic market [1] Group 3: Robotics Development - The company launched its first humanoid robot, "Tianhe C1," which features 29 degrees of freedom and is equipped with a self-developed intelligent computing platform [2] - The company has established a robotics research institute that focuses on real-time operating systems and multi-modal algorithms, laying the groundwork for scene-based development [2] - Collaborations with partners like Beijing Institute of Technology Huahui are accelerating commercialization in various applications, including urban infrastructure inspection [2] Group 4: Future Outlook - The company plans to enhance investment in core technologies such as open-source HarmonyOS adaptation and embodied intelligence algorithms [3] - The "Cloud Motion·Digital Intelligence Alliance 2.0" initiative aims to integrate industry resources and promote deep penetration of computing and robotic solutions across sectors like government, manufacturing, and education [3]

Investment Rating - The industry investment rating is "Outperform the Market" and is maintained [1] Core Insights - The report highlights the launch of Huawei's AI container technology Flex:ai, which addresses the low utilization efficiency of computing power in the industry, currently averaging only 30% to 40%. Flex:ai enhances utilization by 30% through precise segmentation of GPU/NPU resources [4][5] - The report emphasizes the unique advantages of Flex:ai over Nvidia's Run:ai, particularly in virtualization and intelligent scheduling, which can optimize resource allocation for AI workloads [5][6] - The development of Flex:ai is seen as a significant step in strengthening domestic computing power capabilities, promoting a complete open-source ecosystem for AI tools [6][7] Summary by Sections Industry Overview - The closing index is at 5068.36, with a 52-week high of 5841.52 and a low of 3963.29 [1] Performance Analysis - The relative performance of the computer industry compared to the CSI 300 index shows fluctuations, with a notable decline of 13% from November 2024 to November 2025 [3] Key Developments - Huawei's Flex:ai is positioned to significantly improve AI cluster computing efficiency and reduce migration barriers for AI models, reinforcing the software capabilities in the domestic computing landscape [6][7] - The report suggests monitoring companies involved in AI containers and domestic computing power, including BoRui Data, Haohan Deep, and others [7]

Core Insights - The graduation of the open-source Hongmeng and Euler projects marks a significant milestone in China's open-source ecosystem, indicating a transition from technical incubation to ecological maturity [1][2][3] - The number of active open-source projects in China is projected to exceed 3 million by the end of 2024, with active developers reaching 2.27 million, showcasing a robust and diverse talent pool [1][2] - The graduation signifies that these projects have met rigorous standards in code quality, community engagement, and ecological scale, thus enhancing their sustainability and value creation potential for global developers and users [2][3] Project Development - The open-source Hongmeng project has undergone 10 major iterations since its contribution to the foundation in September 2020, accumulating over 9,700 core code contributors and producing more than 130 million lines of code [2] - The open-source Euler community has over 2,100 member organizations, with global contributors exceeding 23,000 and user numbers surpassing 5.5 million, indicating its widespread application across various industries [2][3] Strategic Significance - The graduation of these projects reflects China's core capabilities in sustainable development within the foundational software sector, positioning the country as a leader in the open-source large model field [3] - The open-source ecosystem is expected to drive collaborative innovation in AI computing power, chip architecture, and industrial ecology, contributing to global digital technology transformation [3] Industry Impact - The thriving open-source ecosystem has attracted significant participation from listed companies such as Inspur Software, Softcom Power, and Jiangsu Runhe Software, indicating a growing interest in foundational software development [5] - The involvement of listed companies in the open-source ecosystem is characterized by focused technological investment, systematic ecological construction, and deep integration of talent cultivation with industry applications [5] - The collective efforts of 2.27 million active open-source developers and the participation of market entities signal a new phase in China's digital economy, enhancing its role in the global open-source innovation landscape [5]

软通动力于2022年3月15日在深交所创业板上市，发行价格为72.88元/股，发行数量为6352.9412万 股，保荐机构为中信建投证券股份有限公司，保荐代表人为黄亚颖、张宗源。 软通动力首次公开发行股票募集资金总额为46.30亿元，扣除发行费用后募集资金净额为43.42亿 元。软通动力最终募集资金净额比原计划多8.42亿元。根据软通动力此前披露的招股说明书，该公司拟 募集资金35.00亿元，用于交付中心新建及扩建项目、行业数字化转型产品及解决方案项目、研发中心 建设项目、数字运营业务平台升级项目、集团人才供给和内部服务平台升级项目、补充营运资金项目。 软通动力首次公开发行股票的发行费用总额为2.88亿元，其中，保荐费300.00万元，承销费2.46亿 元。 根据软通动力于2025年9月12日披露的2025年度向特定对象发行股票募集说明书(修订稿)，本次向 特定对象发行募集资金总额不超过人民币337,832.03万元（含本数），扣除发行费用后的募集资金净额 将用于京津冀软通信创智造基地项目、AIPC智能制造基地项目、软通动力怀来智算中心（一期）建设 项目和计算机生产车间智能升级技术改造项目。 中国经济网北京1 ...

Core Insights - Softcom Power has achieved significant breakthroughs in collaboration with Huawei in the fields of HarmonyOS ecosystem and server computing power [1][2] - The partnership has evolved from technical adaptation to ecological co-prosperity, focusing on deepening the HarmonyOS ecosystem and deploying Ascend computing power across various industries [2] Group 1: Strategic Collaboration - The strategic collaboration between Softcom Power and Huawei has established a model of "technology co-creation - product co-research - market co-expansion - value sharing" [1] - As a core builder of Huawei's HarmonyOS ecosystem, Softcom Power has developed a comprehensive layout, including the SwanLinkOS, which has become a benchmark for B-end digital infrastructure [1] Group 2: Product Development and Market Impact - Softcom Power has launched the A800I series Kunpeng servers and Ascend training and inference integrated machines, supporting full-link services for large models [2] - The AI quality inspection system in the petrochemical industry has improved detection efficiency by 30 times, while the flood forecasting integrated machine has reduced warning time from hours to minutes [2] Group 3: Industry Applications and Achievements - Softcom Power's government cloud adaptation covers 15 provinces with an order scale exceeding 1.2 billion [1] - The "Cloud Motion Harmony Plan 2.0" initiated in July 2025 aims to promote the integration of "Harmony + AI + Cloud" solutions across various sectors such as retail and education [1]

Core Insights - The collaboration between Softcom Power and Huawei has achieved significant breakthroughs in two core areas: HarmonyOS ecosystem and server computing power, creating a model of "technology co-creation, product co-research, market co-expansion, and value sharing" to continuously release commercial value [1][5] HarmonyOS Ecosystem - Softcom Power has established a comprehensive layout as a core builder of Huawei's HarmonyOS ecosystem, signing the "HarmonyOS Connect Empowerment Support Service Agreement" in March 2025 to solidify its status as a certified ISV [1] - The SwanLinkOS, developed by Softcom Power, has become a benchmark for B-end digital infrastructure, enabling over 1,200 products to connect to HarmonyOS and achieving more than 700 certifications [2] - The "Cloud Motion Harmony Plan 2.0," launched in July 2025, aims to promote the integration of "Harmony + AI + Cloud" solutions across various sectors, including retail and education [2] Computing Power Foundation - The collaboration has achieved a full-stack breakthrough in server and AI computing power, developing hardware products like the A800I series Kunpeng servers and Ascend training and inference integrated machines [3] - The "Tianxuan 2.0" MaaS platform has integrated 432 super node clusters and serves over 200 clients, enhancing efficiency in finance and scientific research [3] - Industry solutions jointly released have significantly improved operational efficiencies, such as a 30-fold increase in detection efficiency for the petrochemical industry [3] Collaborative Upgrade - Following the acquisition of Tongfang Computer, Softcom Power has built a full-stack capability of "AI consulting + hardware manufacturing + software services," forming a tri-party collaboration with Huawei [5] - The "Cloud Motion Digital Intelligence Alliance 2.0" framework has led to the establishment of benchmark projects in smart cities and industrial interconnectivity [5] - Future plans include advancing the open-source HarmonyOS 5.0 adaptation and establishing a Huawei Cloud Intelligent Sales and Service Center in the Middle East to promote domestic digital solutions globally [5]

Investment Rating - The report maintains a "Recommendation" rating for the computer industry, expecting the industry index to rise more than 5% compared to the benchmark index in the next 3-6 months [16]. Core Insights - The report highlights Huawei's HarmonyOS ecosystem showcasing significant breakthroughs in technology and expanding its application across various sectors, including industrial, security, medical, and financial fields [2]. - The HarmonyOS6 release marks a full-stack technological upgrade, enhancing interaction paradigms and performance, with key improvements in collaborative capabilities and user experience [2]. - The ecosystem has seen substantial growth, with over 1 billion devices and more than 8 million developers, indicating a shift from quantity accumulation to qualitative leaps [2]. - The dual drive from government and consumer sectors is accelerating digital transformation, with HarmonyOS becoming a core support for this transition [2]. - Investment suggestions include focusing on developers, terminal manufacturers, commercial entities, and tools related to the HarmonyOS ecosystem [2]. Industry Overview - The computer industry consists of 338 listed companies with a total market capitalization of approximately 586.92 billion yuan and a circulating market value of about 531.63 billion yuan [2]. - The absolute performance of the industry over the past month, six months, and twelve months has been 3.0%, 25.6%, and 22.3% respectively, indicating strong growth [3]. - The report emphasizes the importance of the recent high-tech achievements exhibition as a pivotal moment for the HarmonyOS system transitioning from technology validation to large-scale commercial use [2].