Core Insights - Chengmai Technology has established a new subsidiary, Shandong Chengmai Electronics Co., Ltd., in Weifang, marking a significant step in its strategic expansion in North China [1][4] - The local government is actively promoting digital industrialization, aligning with Chengmai's strengths in operating systems and innovative technology [2][4] - The project aims to enhance the local digital economy and fill the gap in Weifang's innovation industry landscape, coinciding with the national growth of the big data industry [5][6] Company Developments - Chengmai Technology showcased its technical capabilities and product matrix, which includes high-performance products such as the Chengmai P1 series desktops, N1 series laptops, S1 series servers, and L1 series printers [4] - The company plans to leverage local production lines and technical services to provide high-performance, secure, and reliable products to government and industry users in Shandong [4][5] Industry Context - The national Ministry of Industry and Information Technology projects that by 2025, China's big data industry will exceed 3 trillion yuan, presenting new opportunities for companies in the innovation sector [5] - Chengmai Technology is positioned as a core contributor to the open-source Harmony ecosystem, with its independently developed Hongzhi operating system covering three major industries: computers, smart vehicles, and the Internet of Things [5] - The ongoing "Digital Strong Province" strategy in Shandong aims to drive the local innovation industry towards higher quality and sustainable development [6]

Group 1 - The strategic cooperation agreement was signed between Huibo Yuntong and Guokai Hong Technology Co., focusing on the development of domestic intelligent operating systems and the construction of a trusted innovation ecosystem [1][2] - The collaboration aims to promote the industrialization of OpenHarmony technology in key sectors such as finance, energy, and government [1] - Guokai Hong is dedicated to the research and development of OpenHarmony ecosystem technology and industry digital transformation services, building an integrated technology architecture covering "end, edge, cloud, network, and intelligence" [1] Group 2 - Huibo Yuntong's chairman emphasized the importance of this cooperation in exploring foundational technology and promoting a "soft and hard collaboration" ecosystem [2] - The partnership will leverage Huibo Yuntong's expertise in artificial intelligence, fintech, and big data to support the broader application of the trusted innovation industry [2] - Guokai Hong plans to enhance deep cooperation in the fintech sector, focusing on a product matrix that includes industry-specific Harmony operating system distributions, industrial control computers, IoT terminal devices, and information security equipment [2]

9月24日，慧博云通（301316）科技股份有限公司与国开鸿(深圳)科技有限公司战略合作签约仪式在杭州举行。国开鸿总经理程 胜春、副总经理付庆，慧博云通董事长余浩、执行副总裁林建军、副总裁张海宏等领导出席仪式。 国开鸿总经理程胜春表示，本次战略合作将是推动国开鸿战略协同、资源整合与企业成长的加速器，未来国开鸿将充分借助慧 博云通的产业布局、管理经验与市场渠道，并重点加强在金融科技板块的深度合作与资源共享，共同打造以行业鸿蒙操作系统 发行版、工业控制计算机、物联网终端设备、信息安全设备为核心的产品矩阵，同时推出智慧金融数字底座、人工智能行业集 成平台等创新解决方案。 会上，双方代表共同签署合作协议，并就未来技术融合与生态共建进行深入交流。双方将围绕国产智能操作系统研发与信创生 态建设展开深度合作，携手推动OpenHarmony(开源鸿蒙)技术在金融、能源、政务等关键行业的产业化落地。 当前，我国软件与信息技术服务领域正加速向"自主可控、安全合规、协同创新"的信创体系迈进。操作系统作为软件体系的基 础，其自主可控能力直接关系到国家数字安全与科技竞争力。 国开鸿作为一家专注于OpenHarmony生态技术研发与行业 ...

Group 1 - The focus is on the information technology self-controllable sector, with the Xinchuang ETF fund (562030) experiencing a mid-session increase of 2.68% and currently up by 1.96% [1] - Among the constituent stocks, Neusoft Group leads with over 6% increase, followed by Chengdu Huami and Kingsoft Office with over 4% gains, and other stocks like Deepin Technology, 360 Security, and CloudWalk Technology also showing upward trends [1] Group 2 - Multiple cybersecurity listed companies are actively investing in AI technology research and development, with Deepin Technology applying large model technology to network security products, creating AI firewalls and other security products [3] - Ant Group has recently launched innovative products and solutions that integrate network security and AI technology, including the gPass framework for smart glasses, which has partnered with brands like Rokid and Xiaomi [3] - Market analysts indicate that the application of AI technology will lead to explosive growth across various industries, but security issues are limiting data circulation [3] Group 3 - Dongguan Securities notes that the Xinchuang industry is steadily advancing according to a "2+8+N" rhythm, transitioning from policy-driven to a dual drive of policy and market [4] - The market scale is expected to grow significantly, with projected growth rates of 17.84% and 26.82% for 2025 and 2026 respectively, and the market is anticipated to exceed 2.6 trillion yuan by 2026 [4] Group 4 - The Xinchuang ETF fund (562030) and its linked funds are designed to passively track the CSI Xinchuang Index, which covers key segments of the Xinchuang industry chain, including hardware, software, application software, and information security [6] - The investment logic for the Xinchuang industry includes international geopolitical disturbances, increased local debt efforts, technological breakthroughs by domestic manufacturers, and the critical timing of procurement standards [6]

Core Insights - The report presented by the president of Taiji Co., Ltd. emphasizes the company's commitment to driving digital transformation through data integration and AI in the context of the evolving digital economy [1][2]. Industry Overview - The digital economy in China is projected to reach 63.8 trillion yuan in 2024, with an increase of nearly 1 trillion yuan from 2023. The AI industry is expected to reach 400 billion yuan by 2025 and exceed 1 trillion yuan by 2030. The Xinchuang industry is anticipated to have a market size of 2.5 trillion yuan by 2025, with an annual growth rate exceeding 20% [1]. Company Performance - In the first half of 2025, Taiji Co., Ltd. achieved a revenue of 3.78 billion yuan, representing a year-on-year growth of 44%. Revenue from enterprise clients reached 1.74 billion yuan, with a growth rate of 55%. Cloud service revenue increased by 22%, and the database business saw a significant growth of 66%. The signed contracts in the party and government Xinchuang sector amounted to approximately 3 billion yuan [1]. Strategic Direction - Taiji Co., Ltd. is transitioning from a traditional solution provider to a data intelligence service provider, focusing on a new development direction characterized by "one body, two wings, and three engines." The "one body" refers to the digital foundation, which includes cloud platforms and intelligent IoT. The "two wings" represent the dual drive of productization and service enhancement. The "three engines" focus on building a self-controlled, secure, and intelligent development system [2]. Future Growth Areas - The company aims to expand in four key growth areas: 1. Trusted data space to enhance data service growth and address current data transaction bottlenecks 2. Upgrading government cloud to industry intelligent cloud and innovating service delivery models 3. Database products driving the development of the Xinchuang industry, transitioning from replacement to integration 4. Digital foundation promoting comprehensive industry digital upgrades and reshaping the software development ecosystem [3].

Core Viewpoint - The company is positioned as a leading digital service provider driven by data integration and AI, focusing on the transformation of the digital economy in China [1][2]. Group 1: Market Opportunity - The digital economy in China is projected to reach 63.8 trillion yuan in 2024, an increase of nearly 1 trillion yuan from 2023 [1]. - The artificial intelligence industry is expected to grow to 400 billion yuan by 2025 and exceed 1 trillion yuan by 2030 [1]. - The Xinchuang industry is anticipated to reach a market size of 2.5 trillion yuan by 2025, with an annual growth rate exceeding 20% [1]. Group 2: Company Performance - In the first half of 2025, the company achieved revenue of 3.78 billion yuan, a year-on-year increase of 44% [1]. - Revenue from enterprise services reached 1.74 billion yuan, with a growth rate of 55% [1]. - Cloud service revenue grew by 22%, and database business revenue surged by 66% [1]. Group 3: Strategic Direction - The company is transitioning from a traditional solution provider to a data intelligence service provider, focusing on a new development direction of "one body, two wings, and three engines" [2]. - "One body" refers to the digital foundation, including cloud platforms and intelligent IoT [2]. - "Two wings" indicate a dual drive of productization and service enhancement through cloud services and data operations [2]. - "Three engines" emphasize the core of capability building, aiming for a self-controlled, secure, and intelligent development system [2]. Group 4: Future Outlook - The company plans to shift from project delivery to operational services and from system integration to data and intelligent integration [3]. - Key growth areas include trusted data spaces, upgrading government cloud to intelligent industry cloud, database products driving Xinchuang development, and digital foundations promoting comprehensive industry upgrades [3].

Core Insights - The company, YunYong Technology, is gaining significant attention in the industrial information security sector, driven by national policies promoting self-reliance in technology and the construction of a "Digital China" [1] Group 1: Business Overview - YunYong Technology focuses on the research, development, production, and sales of industrial information security products, with a diverse product matrix including industrial information security, intelligent file cabinets, and control systems [1] - The company has established a robust embedded technology platform based on architectures such as PowerPC, ARM, MIPS, and LoongArch+Linux, making it one of the early adopters of embedded technology in the industrial internet security field in China [1] Group 2: Achievements in Domestic Applications - The company has made significant progress in the domestic application of products, successfully entering the Xinchuang industry chain through strategic partnerships with domestic processor manufacturers [2] - By 2025, the company plans to continue building a domestically controlled platform, having developed multiple general-purpose devices and basic circuit boards based on domestic processors [2] Group 3: Financial Performance - In the first half of 2025, YunYong Technology achieved revenue of 130 million yuan, a year-on-year increase of 26.55%, with the industrial information security product segment showing a remarkable growth of 33.53% [3] - The revenue growth is attributed to the company's investments in new power systems, next-generation power dispatch security, and Xinchuang replacements, with key products like mobile operation gateways and trusted management platforms driving sales [3] Group 4: R&D and Market Expansion - The company has not only focused on revenue growth but also on R&D innovation, planning to develop core technologies in virtual power plants, microgrid energy management, and energy storage [4] - R&D expenses increased by 3.95% year-on-year, while sales expenses rose by 34.60%, indicating a strategic push towards market expansion and alignment with industry growth prospects [4]

Group 1 - The China Securities Information Technology Application Innovation Industry Index (931247) has seen a strong increase of 1.70% as of September 16, 2025, with notable gains from constituent stocks such as Zhongke Shuguang (603019) up 8.49%, Foxit Software (688095) up 6.41%, and Haiguang Information (688041) up 6.31% [3] - The Xinchuang ETF (562570) has risen by 1.51%, with a latest price of 1.48 yuan, and has accumulated a weekly increase of 4.07% as of September 15, 2025, ranking in the top third among comparable funds [3] - The Xinchuang ETF has shown significant liquidity with an intraday turnover of 4.76% and a transaction volume of 25.2587 million yuan, while the average daily transaction volume over the past month reached 80.0323 million yuan, ranking first among comparable funds [3] Group 2 - The Xinchuang ETF closely tracks the China Securities Information Technology Application Innovation Industry Index, which selects up to 50 listed companies involved in various segments such as basic hardware, software, application software, information security, and external devices [4] - As of August 29, 2025, the top ten weighted stocks in the index include Zhongke Shuguang (603019), Haiguang Information (688041), and others, collectively accounting for 50.4% of the index [4] - The top ten stocks by weight include Hengsheng Electronics (600570) at 6.07%, Zhongke Shuguang (603019) at 5.58%, and Haiguang Information (688041) at 5.09%, among others [6]

Core Technology and Middleware - Middleware is a critical core technology that serves as a bridge between operating systems and application software, playing a vital role in the digital economy and supporting various industries' transformation [1] - The middleware market has been dominated by overseas giants like IBM and Oracle, but this monopoly is gradually being challenged by the rise of domestic middleware products, which are becoming more mature and widely applicable [3] Market Growth and Projections - The Chinese middleware market reached 10.88 billion yuan in 2022, with a year-on-year growth of 19.4%, and is projected to reach 16.78 billion yuan by 2025 [3] - The push for 100% replacement of foreign middleware by 2027 is accelerating the demand for domestic middleware, particularly in critical sectors like government, finance, and telecommunications [3] Challenges in Migration - The migration of core systems to domestic middleware faces significant challenges, including compatibility with legacy systems, performance validation, operational inertia, and ecosystem adaptation [4][5][7] - Compatibility issues arise from the deep integration of existing systems with foreign middleware, requiring seamless communication without disrupting business processes [4] - Performance validation is crucial, as any downtime in core systems can have severe financial implications, necessitating that migration processes maintain high performance and low latency [5] Emerging Domestic Players - Domestic middleware companies such as Oriental Tong, Baoland, Puyuan Information, and Zhongchuang Software are emerging as key players, leveraging their understanding of local needs to break the monopoly of foreign firms [8] - Baoland has established itself as a leader in the telecommunications sector, providing stable support for high-pressure core business systems for over 17 years [10] Technological Innovations - Baoland has developed unique technologies such as JDBC multi-data source and intelligent resource leak detection, enabling high transaction processing capabilities and low latency [10] - The introduction of a unified management platform by Baoland aims to streamline middleware migration and enhance operational efficiency through integrated tools and AI capabilities [12] Conclusion and Future Outlook - The transition to domestic middleware is not just a technical replacement but a critical challenge for business continuity, requiring careful consideration of vendor capabilities and industry-specific pain points [13] - The ongoing shift towards domestic middleware is expected to enhance the resilience and autonomy of the digital economy, despite potential challenges during the transition [15]

Core Viewpoint - Nanjing is actively developing its software industry, aiming to build a trillion-level software industry cluster through innovative mechanisms and collaborative efforts among various sectors and enterprises [1][11]. Group 1: Industry Development Initiatives - Nanjing has launched the "China Software City" initiative, targeting a trillion-level software industry cluster, which reflects the city's ambition for urban development [1]. - The city has implemented a strong organizational collaboration mechanism, establishing the "Nanjing AI (Software) Industry Task Force" to enhance coordination among over 20 municipal departments and various software parks [2][3]. - The "One Unit, One List" mechanism has been introduced to clarify responsibilities and tasks for different units, facilitating the execution of the "2025 Action Plan for Building a Trillion-Level Software and Information Service Industry" [3][9]. Group 2: Key Projects and Collaborations - Major global companies, including Dassault Systems and BMW, have established significant operations in Nanjing, indicating the city's attractiveness for IT talent and technological innovation [2][5]. - The city has seen the successful signing of 137 AI (software) industry projects, with 12 high-energy projects, including the establishment of regional headquarters for major tech firms [3][5]. - Nanjing has launched a 10 billion yuan industrial software special fund to promote collaboration among enterprises, research institutions, and financial entities [5]. Group 3: Focus on Industrial Software and Innovation - Industrial software is identified as a critical engine for Nanjing's software industry, with initiatives to create an "Industrial Software Innovation Center" and promote innovative cooperation models [5][6]. - The city aims to enhance its capabilities in the open-source ecosystem, with companies like Runhe Software contributing significantly to the development of the HarmonyOS platform [6][7]. - Nanjing has established itself as a leader in the "信创" (Xinchuang) industry, focusing on self-innovation and the development of proprietary operating systems and products [6][10]. Group 4: Ecosystem and Market Expansion - The city is fostering an ecosystem for leading enterprises through personalized cultivation plans and has organized numerous market connection events to support software companies [9][10]. - Nanjing has identified 95 application scenarios for Xinchuang and several for industrial software, facilitating the landing of various projects [10]. - The establishment of the Nanjing Intelligent Automotive Industry Park is expected to generate an annual revenue of 1.8 billion yuan, showcasing the city's commitment to emerging sectors [10].