Company Overview - State Grid Information Communication Co., Ltd. is located in Chengdu, Sichuan Province, and was established on January 5, 1997, with its listing date on April 2, 1998 [1] - The company specializes in new information communication, with its main business revenue composition as follows: Digital Infrastructure (49.62%), Advanced Technology Innovation (19.96%), Power Digital Applications (16.02%), Enterprise Digital Applications (11.30%), Energy Innovation Services (2.97%), and Others (0.12%) [1] Financial Performance - As of June 30, 2025, the company achieved a revenue of 3.525 billion yuan, representing a year-on-year growth of 31.43%, and a net profit attributable to shareholders of 266 million yuan, with a year-on-year increase of 14.41% [2] - Cumulative cash dividends since the A-share listing amount to 1.585 billion yuan, with 695 million yuan distributed over the past three years [3] Stock Market Activity - On September 11, the company's stock price increased by 2.11%, reaching 17.87 yuan per share, with a trading volume of 76.1273 million yuan and a turnover rate of 0.36%, resulting in a total market capitalization of 21.439 billion yuan [1] - Year-to-date, the stock price has decreased by 4.64%, but it has increased by 4.14% over the last five trading days, 0.34% over the last 20 days, and 4.75% over the last 60 days [1] - As of June 30, 2025, the number of shareholders is 39,100, a decrease of 1.64% from the previous period, with an average of 30,588 circulating shares per person, an increase of 1.67% [2] Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders, the Southern CSI 500 ETF (510500) ranks as the tenth largest, holding 8.9021 million shares, an increase of 1.197 million shares compared to the previous period [3]

Company Overview - Beijing Zhiyuan Interconnect Software Co., Ltd. was established on April 2, 2002, and went public on October 31, 2019. The company specializes in providing collaborative management software products, solutions, platforms, and cloud services, integrating design, development, sales, and service of collaborative management products [2]. - The revenue composition of the company includes 84.68% from collaborative management software products, 15.15% from technical services, and 0.17% from market sponsorship services [2]. - Zhiyuan Interconnect is classified under the SW industry as Computer-Software Development-General Software and is involved in several concept sectors including ERP, AI Agent, Smart Government, Blockchain, and Smart Agriculture [2]. Financial Performance - For the first half of 2025, Zhiyuan Interconnect reported revenue of 338 million yuan, a year-on-year decrease of 15.98%, and a net profit attributable to shareholders of -135 million yuan, a significant decline of 98.02% year-on-year [2]. - The company has distributed a total of 145 million yuan in dividends since its A-share listing, with cumulative distributions of 37.28 million yuan over the past three years [3]. Stock Performance - As of September 11, the stock price of Zhiyuan Interconnect increased by 2.02%, reaching 27.79 yuan per share, with a trading volume of 39.21 million yuan and a turnover rate of 1.24%, resulting in a total market capitalization of 3.202 billion yuan [1]. - Year-to-date, the stock has risen by 38.47%, with a 7.55% increase over the last five trading days, an 8.71% decrease over the last 20 days, and a 4.67% increase over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on March 6, where it recorded a net purchase of 34.54 million yuan [1]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 5.36% to 6,976, with an average of 16,516 circulating shares per person, a decrease of 5.09% [2]. - Notable shareholders include Noan Active Return Mixed A and Yifangda New Normal Mixed, with the latter being a new addition to the top ten circulating shareholders [3].

Core Viewpoint - The stock of Inspur Software has shown a positive trend with a year-to-date increase of 8.03%, reflecting investor interest despite recent financial challenges [2]. Group 1: Stock Performance - As of September 11, Inspur Software's stock price rose by 2.04% to 15.48 CNY per share, with a trading volume of 54.01 million CNY and a turnover rate of 1.09%, resulting in a total market capitalization of 5.017 billion CNY [1]. - The stock has increased by 3.48% over the last five trading days, 0.58% over the last 20 days, and 8.18% over the last 60 days [2]. Group 2: Financial Performance - For the first half of 2025, Inspur Software reported a revenue of 429 million CNY, a year-on-year decrease of 24.21%, and a net profit attributable to shareholders of -148 million CNY, down 66.90% year-on-year [2]. - The company has distributed a total of 234 million CNY in dividends since its A-share listing, with 21.07 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Inspur Software was 71,000, a decrease of 1.12% from the previous period, with an average of 4,564 shares held per shareholder, an increase of 1.14% [2]. - Among the top ten circulating shareholders, the third largest is the Caitong Asset Management Digital Economy Mixed Fund, holding 2.1644 million shares, unchanged from the previous period [3].

Company Overview - Saiyi Information Technology Co., Ltd. is located in Tianhe District, Guangzhou, Guangdong Province, and was established on January 10, 2005. The company was listed on August 3, 2017. Its main business involves providing enterprise information solutions and services [1][2]. - The revenue composition of the company includes 67.10% from general ERP and 32.90% from intelligent manufacturing and industrial internet [1]. Stock Performance - As of September 5, the stock price of Saiyi Information increased by 2.01%, reaching 26.42 CNY per share, with a trading volume of 2.59 billion CNY and a turnover rate of 3.04%. The total market capitalization is 10.79 billion CNY [1]. - Year-to-date, the stock price has risen by 45.73%, but it has decreased by 10.86% in the last five trading days and by 15.13% in the last 20 days [1]. Financial Performance - For the first half of 2025, Saiyi Information reported a revenue of 902 million CNY, a year-on-year decrease of 15.73%. The net profit attributable to shareholders was 18.21 million CNY, down 38.72% year-on-year [2]. - The company has distributed a total of 262 million CNY in dividends since its A-share listing, with 124 million CNY distributed in the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders is 36,600, a decrease of 16.95% from the previous period. The average number of circulating shares per person is 9,037, an increase of 22.43% [2]. - Among the top ten circulating shareholders, Huazhong Small and Medium-sized Growth Mixed Fund (040007) is the tenth largest shareholder with 3.33 million shares, marking its entry into the list. Hong Kong Central Clearing Limited has exited the top ten shareholders [3]. Market Position - Saiyi Information belongs to the Shenwan industry classification of Computer - IT Services II - IT Services III. The company is associated with several concept sectors, including ERP concept, Huawei Pangu, MCP concept, smart logistics, and industrial software [2].

Company Overview - Han's Information Technology Co., Ltd. is located in Qingpu District, Shanghai, established on July 15, 2002, and listed on February 1, 2011. The company specializes in ERP software implementation, customer support, and software outsourcing services [1][2]. Financial Performance - For the first half of 2025, Han's Information achieved operating revenue of 1.575 billion yuan, representing a year-on-year growth of 3.54%. The net profit attributable to shareholders was 85.01 million yuan, an increase of 1.90% year-on-year [2]. - The company has distributed a total of 415 million yuan in dividends since its A-share listing, with 125 million yuan distributed over the past three years [3]. Stock Performance - As of September 4, Han's Information's stock price was 17.32 yuan per share, with a market capitalization of 17.517 billion yuan. The stock has increased by 40.22% year-to-date but has seen a decline of 14.76% over the past five trading days [1]. - The stock has appeared on the "龙虎榜" (Dragon and Tiger List) eight times this year, with the most recent appearance on March 7, where it recorded a net buy of -517 million yuan [1]. Shareholder Structure - As of August 29, the number of shareholders for Han's Information was 132,000, a decrease of 2.22% from the previous period. The average number of circulating shares per person increased by 2.27% to 7,379 shares [2]. - Among the top ten circulating shareholders, notable changes include an increase in holdings by Southern CSI 1000 ETF and a decrease by Hong Kong Central Clearing Limited [3]. Business Segments - The main revenue sources for Han's Information are as follows: General ERP (32.98%), Industry Digitalization-C2M (31.65%), Financial Digitalization-GMC (23.18%), IT Outsourcing-ITO (11.75%), and Other Businesses (0.44%) [1]. Industry Classification - Han's Information is classified under the Shenwan industry as part of the Computer-IT Services II-IT Services III sector, with concepts including SAAS, ERP, AI Agent, Tax Informationization, and MCP [2].

Company Overview - Baosight Software Co., Ltd. is located in the China (Shanghai) Pilot Free Trade Zone and was established on August 15, 1994. The company was listed on March 11, 1994. Its main business involves research, design, development, manufacturing, integration, and related outsourcing, maintenance, and consulting services for computer, automation, and network communication systems and software and hardware products [1]. Financial Performance - As of July 31, Baosight Software reported a total of 12.93 million shareholders, an increase of 9.61% from the previous period. The average circulating shares per person decreased by 10.50% to 20,430 shares [2]. - For the first half of 2025, Baosight Software achieved operating revenue of 4.715 billion yuan, a year-on-year decrease of 30.08%. The net profit attributable to shareholders was 713 million yuan, down 46.46% year-on-year [2]. Stock Performance - On September 4, Baosight Software's stock price fell by 2.10%, trading at 23.32 yuan per share, with a total transaction volume of 539 million yuan and a turnover rate of 1.07%. The total market capitalization stood at 66.947 billion yuan [1]. - Year-to-date, the stock price has declined by 18.63%, with a 9.93% drop over the last five trading days, a 6.23% decline over the last 20 days, and a 4.70% decrease over the last 60 days [1]. Shareholder Information - Since its A-share listing, Baosight Software has distributed a total of 10.067 billion yuan in dividends, with 5.736 billion yuan distributed in the last three years. As of June 30, 2025, the second-largest circulating shareholder was Hong Kong Central Clearing Limited, holding 67.0865 million shares, a decrease of 14.7907 million shares from the previous period [3].

Group 1 - The core viewpoint of the news highlights the recent stock performance and financial metrics of Zhiyuan Huilian, indicating a 33.78% increase in stock price year-to-date, but a decline of 20.09% over the past 20 days [1] - As of June 30, 2025, Zhiyuan Huilian reported a revenue of 338 million yuan, a year-on-year decrease of 15.98%, and a net profit attributable to shareholders of -135 million yuan, a significant decline of 98.02% [2] - The company has a market capitalization of 3.094 billion yuan and a trading volume of 62.27 million yuan, with a turnover rate of 2.03% [1] Group 2 - Zhiyuan Huilian's main business involves providing collaborative management software products, solutions, and cloud services, with 85.12% of revenue coming from collaborative management software products [2] - The company has cumulatively distributed dividends of 145 million yuan since its A-share listing, with 37.28 million yuan distributed over the past three years [3] - As of June 30, 2025, the number of shareholders increased by 5.36% to 6,976, while the average circulating shares per person decreased by 5.09% to 16,516 shares [2]

Core Viewpoint - Dingjie Smart experienced a stock price decline of 2.00% on September 3, with a current price of 49.87 CNY per share and a total market capitalization of 13.534 billion CNY [1] Financial Performance - For the first half of 2025, Dingjie Smart achieved operating revenue of 1.045 billion CNY, representing a year-on-year growth of 4.08%, and a net profit attributable to shareholders of 45.0267 million CNY, up 6.09% year-on-year [2] - The company has distributed a total of 311 million CNY in dividends since its A-share listing, with 65.588 million CNY distributed over the past three years [3] Stock Market Activity - The stock has seen a significant increase of 93.00% year-to-date, but has recently declined by 18.78% over the last five trading days and 22.73% over the last twenty days [1] - Dingjie Smart has appeared on the "Dragon and Tiger List" six times this year, with the most recent appearance on August 8, where it recorded a net buy of -140 million CNY [1] Shareholder Information - As of August 20, the number of shareholders for Dingjie Smart was 54,000, a decrease of 12.90% from the previous period, while the average circulating shares per person increased by 14.81% to 4,988 shares [2] - Notable changes in institutional holdings include a decrease in shares held by major shareholders such as招商优势企业混合A and富国新兴产业股票A/B, while new shareholders like中欧互联网混合A and财通资管数字经济混合发起式A have entered the top ten list [3] Business Overview - Dingjie Smart, established on December 26, 2001, and listed on January 27, 2014, is based in Shanghai and specializes in providing digital transformation, smart manufacturing, and industrial internet solutions [1] - The company's revenue composition includes 47.89% from smart technology services, 28.11% from self-developed smart software products, and 23.99% from integrated smart hardware and software solutions [1] Industry Classification - Dingjie Smart is classified under the computer software development sector, specifically in horizontal general software, and is associated with concepts such as MCP, ERP, industrial software, smart logistics, and AI Agent [2]

Core Viewpoint - Baoxin Software's stock has experienced a decline of 11.48% year-to-date, with a recent drop of 2.01% on August 29, 2023, indicating potential concerns regarding its financial performance and market position [1]. Financial Performance - For the first half of 2025, Baoxin Software reported a revenue of 4.715 billion yuan, a year-on-year decrease of 30.08%, and a net profit attributable to shareholders of 713 million yuan, down 46.46% compared to the previous year [2]. - Cumulative cash dividends since the A-share listing amount to 10.067 billion yuan, with 5.736 billion yuan distributed over the last three years [3]. Shareholder and Market Activity - As of July 31, 2025, the number of Baoxin Software's shareholders increased by 9.61% to 129,300, while the average number of circulating shares per person decreased by 10.50% to 20,430 shares [2]. - On August 29, 2023, the stock's trading volume was 489 million yuan, with a turnover rate of 0.90%, and the total market capitalization stood at 72.832 billion yuan [1]. Business Overview - Baoxin Software, established on August 15, 1994, operates primarily in software development and engineering services (64.02% of revenue), service outsourcing (35.31%), system integration (0.48%), and other services (0.20%) [1]. - The company is categorized under the computer-IT services sector and is associated with various concept sectors, including the Shanghai Free Trade Zone, smart vehicles, Tencent Cloud, state-owned enterprise reform, and ERP concepts [1]. Institutional Holdings - As of June 30, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 67.0865 million shares, a decrease of 14.7907 million shares from the previous period [3]. - The sixth-largest circulating shareholder is Huatai-PB CSI 300 ETF, with 15.5717 million shares, an increase of 1.7079 million shares, while the seventh-largest is E Fund CSI 300 ETF, holding 10.9983 million shares, up by 1.1168 million shares [3].

Company Overview - Zhiyuan Interconnect, established on April 2, 2002, is located in Haidian District, Beijing, and was listed on October 31, 2019. The company specializes in providing collaborative management software products [2]. Stock Performance - As of August 22, Zhiyuan Interconnect's stock price increased by 2.01%, reaching ¥32.01 per share, with a total market capitalization of ¥3.688 billion. The stock has risen 59.49% year-to-date, with a 2.93% increase over the last five trading days, 3.83% over the last 20 days, and 18.12% over the last 60 days [1][2]. Trading Activity - The trading volume on August 22 was ¥23.1045 million, with a turnover rate of 0.63%. The net outflow of main funds was ¥590,400, with large orders accounting for 7.86% of total buy orders and 10.42% of total sell orders [1]. Shareholder Information - As of March 31, 2025, the number of shareholders increased by 15.51% to 6,621, while the average circulating shares per person decreased by 13.38% to 17,401 shares [2]. Financial Performance - For the first quarter of 2025, Zhiyuan Interconnect reported a revenue of ¥105 million, representing a year-on-year decrease of 42.40%. The company has distributed a total of ¥145 million in dividends since its A-share listing, with ¥37.2776 million distributed over the past three years [2]. Institutional Holdings - As of March 31, 2025, the fifth largest circulating shareholder is the交银阿尔法核心混合A fund, which holds 3.0031 million shares as a new shareholder [3].