Core Viewpoint - Suzhou Haochen Software Co., Ltd. reported steady revenue and profit growth for the first three quarters of 2025, indicating strong growth momentum and profitability resilience [1] Financial Performance - For the first nine months of 2025, the company achieved revenue of 230 million yuan, a year-on-year increase of 16.34% - The net profit attributable to shareholders was 41.55 million yuan, reflecting a year-on-year growth of 19.78% - In the third quarter alone, revenue and net profit grew by 21.50% and 18.40% year-on-year, respectively - The gross margin of the main business has consistently maintained above 90% [1] Product Development and Strategy - The company is enhancing its product system by integrating 2D, 3D, cloud, and AI collaborative developments, transitioning from single products to integrated design solutions - Main products are compatible with various operating systems, including Windows, Linux, Android, iOS, and domestic systems, serving multiple industries such as mechanical manufacturing and automotive [2] Global Marketing Strategy - The company is expanding its global marketing network, aiming for a comprehensive and precise outreach - In the domestic market, it focuses on vertical industry solutions and customer service, while in international markets, it collaborates with local partners to cover 175 countries and regions, supporting 23 languages - The strategy emphasizes transitioning from "product export" to "brand establishment" to enhance global competitiveness and brand influence [3] Business Expansion and Innovation - The company is pursuing a dual strategy of "internal growth + external expansion" to accelerate its 3D business layout through mergers and strategic partnerships - In the BIM sector, it established a subsidiary to drive product innovation and global business expansion, offering integrated solutions from CAD to BIM - Strategic collaborations have led to the launch of new 3D CAD products, enhancing the company's capabilities in intelligent, collaborative, and high-performance industrial software [4]

Core Points - The 7th Modern Manufacturing Integration Technology Academic Conference will be held from November 7 to November 9 in Zhengzhou, focusing on the intelligent transformation of manufacturing driven by the new generation of artificial intelligence [3][21] - The conference is organized by Zhengzhou University of Light Industry and has attracted participation from numerous higher education institutions, research organizations, and enterprises in the advanced manufacturing field [3][21] Conference Details - The conference will feature various forums, including topics such as AI-driven product design and simulation, manufacturing process optimization, equipment fault diagnosis, and industrial digital twins [15][20] - Registration fees are set at 1500 RMB for students, 2800 RMB for general participants, and 3800 RMB for corporate representatives [22] - Participants are required to send a conference receipt to the editorial office after successful payment [24] Venue and Accommodation - The conference will take place at Hongrun Huaxia Hotel, located at No. 96 Fengle Road, Jinshui District, Zhengzhou [26] - Due to high demand, participants are advised to book accommodations in advance to secure the agreed price [25][26]

Core Insights - The stock price of Suochen Technology has seen a significant increase of 91.97% year-to-date, with a recent drop of 2.08% on October 28, trading at 104.30 CNY per share [1] - The company specializes in CAE software development, sales, and services, with a revenue composition heavily weighted towards its TianGong simulation products [2] - As of June 30, 2025, the company reported a revenue of 57.35 million CNY, reflecting a year-on-year growth of 10.82%, while the net profit attributable to shareholders was -45.70 million CNY, showing a 31.21% increase in losses compared to the previous year [2] Financial Performance - The stock's trading volume on October 28 reached 202 million CNY, with a turnover rate of 3.85% and a total market capitalization of 9.29 billion CNY [1] - The company has made a cumulative cash distribution of 67.92 million CNY since its A-share listing [3] - The top ten circulating shareholders include new entrants such as Nuoan Active Return Mixed A, which holds 953,600 shares [3] Market Activity - The stock has experienced significant trading activity, with net outflows of 9.41 million CNY from major funds on October 28, while large orders accounted for 26.30% of buy transactions and 34.90% of sell transactions [1] - Suochen Technology has appeared on the "Dragon and Tiger List" once this year, with a net buy of 23.53 million CNY on March 17 [1]

Core Points - The 7th Modern Manufacturing Integration Technology Academic Conference will be held from November 7 to November 9 in Zhengzhou, focusing on the intelligent transformation of manufacturing driven by the new generation of artificial intelligence [3][20][30] - The conference is organized by Zhengzhou University of Light Industry and has attracted participation from numerous higher education institutions, research organizations, and enterprises in the advanced manufacturing field [3][20] Conference Details - The conference will feature keynote reports and specialized forums, including topics such as AI-driven product design and simulation, manufacturing process optimization, equipment fault diagnosis, and industrial digital twins [16][22][20] - Registration fees are set at 1500 RMB for students, 2800 RMB for general participants, and 3800 RMB for corporate representatives [24][26] - The registration deadline is November 2, and participants are responsible for their own accommodation and transportation costs [27][30] Venue and Accommodation - The conference will take place at the Hongrun Huaxia Hotel, located at 96 Fengle Road, Jinshui District, Zhengzhou [28] - Due to high demand for accommodation during the conference, early booking is recommended, with special rates available for participants [28][30]

Group 1 - The Bosera Industrial Software ETF (159108) will be launched from October 27, 2025, to November 7, 2025, with a maximum initial fundraising scale of 8 billion yuan [1] - The fund will be managed by Bosera Fund, with Wang Meng serving as the fund manager [1] - The performance benchmark for the fund is the National Certificate Industrial Software Theme Index return [1]

ETF市场迎来新工具——工业软件ETF(159108)于10月27日-11月7日正式发行。 工业软件ETF跟踪国证工业软件主题指数，指数覆盖工业软件产业链。 从细分领域看，垂直应用软件权重达35.01%，这是工业软件的核心部分；IT服务占比15.54%，提供必 要的技术支撑；工控设备占据12.93%的权重，连接软件与硬件。这种多元布局既聚焦核心环节，又兼 顾产业链协同。 从成份股看，科创板和创业板公司在该指数中的权重合计达到67.95%，这一比例显著高于中证软件指 数。指数前十大权重股集中度较高，合计权重达到58%，包括华大九天、汇川技术、中控技术、中望软 件等隐形冠军企业。 从市值分布特征看，总市值在500亿元以下的股票权重占比超过七成，平均市值为255.26亿元。这种偏 中小盘的市值结构，既保持了较好的成长性，又通过分散配置降低了单一标的集中度。 工业软件指数历史表现展现出较强的收益能力。截至2025年9月末，工业软件指数自2013年以来累计收 益达251.95%，显著高于中证软件指数的201.28%。 2025年以来的表现同样出色，截至三季度末，工业软件指数涨幅31.76%，跑赢中证软件指数(24.01 ...

Core Viewpoint - The current external environment and increasing policy risks highlight the urgency for China's technological self-reliance, accelerating the replacement process and creating new opportunities in industries such as trusted computing and industrial software [1] Industry Summary - From January to August 2025, China's software business revenue grew by 12.6% year-on-year, indicating a positive industry performance [1] - Policy initiatives include the establishment of a unified service platform for AI large models in the government sector, promoting resource consolidation [1] - Global demand for AI computing power continues to expand, as evidenced by strategic partnerships like OpenAI with Broadcom and Microsoft's deployment of superclusters on Azure [1] Focus Areas - In the trusted computing sector, attention should be given to opportunities in domestic hardware, foundational software (databases, operating systems, middleware), and application software [1] - The industrial software sector should focus on technological breakthroughs in product design and production control, including areas such as EDA, CAD, and CAE [1] Investment Vehicle - The Computer ETF (512720) tracks the CS Computer Index (930651), which selects listed companies in software development and IT services from the Chinese A-share market to reflect the overall performance of the computer industry [1] - The index emphasizes companies with high technological content and strong innovation capabilities [1]

Core Insights - The Shenzhen Industrial Software Park officially opened on October 22, 2023, aiming to create a collaborative and prosperous industrial development ecosystem in the Longgang District [1][2] - The park is positioned as a dual hub for "China Software Park" and "Shenzhen Harmony Native Application Characteristic Industrial Park," marking a new operational phase [1] Group 1: Event Highlights - The opening event featured the signing of agreements for 15 key software enterprises to settle in the park, showcasing its strong attraction and development potential [3] - The Shenzhen New Quality Productivity Empowerment Platform was launched, integrating resources from research and financial institutions to support the entire chain from technology research to market application [4] - The first Harmony smart parking lot in the district was opened for experience, demonstrating the application of industrial software in smart city initiatives [4] Group 2: Strategic Goals - Longgang District aims to build a world-class industrial software innovation hub by inviting global leading industrial software companies and top talents to settle in the area [2] - The district will focus on policy guidance, spatial guarantees, resource support, and financial backing to create a first-class ecosystem for the large-scale application of domestic core software [2] - By 2027, the park aims to gather over 100 software and artificial intelligence companies, with at least 30 from the Harmony ecosystem, and achieve an annual business revenue of no less than 2.5 billion yuan [5][6]

Economic Development Goals - The 20th Central Committee's Fourth Plenary Session outlined seven major development goals for the 14th Five-Year Plan, focusing on high-quality development and technological self-reliance[2] - Emphasis on building a modern industrial system and enhancing domestic demand to stimulate the internal economic cycle[2] Manufacturing and Innovation - The plan aims to promote intelligent, green, and integrated transformation in manufacturing, with a focus on emerging sectors like humanoid robots and brain-computer interfaces[2] - The strategy includes targeted measures against low-price and disorderly competition to establish a new high-quality development framework[2] Foreign Trade and Investment - The session highlighted the importance of expanding high-level foreign openness and enhancing trade and investment cooperation, particularly in the context of ongoing US-China trade tensions[2] - ASEAN has become China's largest trading partner, indicating a shift towards higher-end manufacturing in the global value chain[2] Employment and Social Welfare - The plan aims to improve living standards and optimize income distribution, addressing structural employment issues, particularly among youth with a 17.7% unemployment rate[2] - Focus on enhancing job supply in key sectors like manufacturing, digital economy, and new energy, while improving vocational training systems[2] Investment Recommendations - Companies with core technologies in smart manufacturing, industrial software, and green low-carbon processes are recommended for investment[2] - Emphasis on firms engaged in localized production along the Belt and Road Initiative, particularly in the new energy vehicle sector[2]

Core Insights - The stock price of Suochen Technology has increased by 86.25% year-to-date, with a recent rise of 8.54% over the last five trading days [2] - The company has a market capitalization of 9.017 billion yuan and reported a net outflow of 484.53 thousand yuan in main funds [1] Company Overview - Suochen Technology, established on February 24, 2006, focuses on the research, development, sales, and service of CAE software [2] - The company went public on April 18, 2023, and is classified under the software development industry, specifically in vertical application software [2] Financial Performance - For the first half of 2025, Suochen Technology achieved operating revenue of 57.35 million yuan, reflecting a year-on-year growth of 10.82% [3] - The net profit attributable to the parent company was -45.70 million yuan, showing a year-on-year increase of 31.21% [3] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 14.55% to 5,763, while the average circulating shares per person increased by 18.64% to 8,543 shares [3] - The company has distributed a total of 67.92 million yuan in dividends since its A-share listing [4] Institutional Holdings - Notable institutional investors include Nuoan Active Return Mixed A, which is the sixth largest circulating shareholder with 953.6 thousand shares, and Nuoan Growth Mixed A, which remains the tenth largest with 730 thousand shares [4]