Core Viewpoint - Vertex Software's stock has experienced fluctuations, with a recent decline of 2.01% and a total market capitalization of 7.806 billion yuan, indicating a challenging market environment for the company [1]. Company Overview - Vertex Software, established on October 25, 2000, and listed on May 22, 2017, is based in Fuzhou, Fujian Province. The company focuses on providing information technology solutions centered around business process management (BPM) for the financial industry and other sectors, utilizing its proprietary "LiveBOS" platform [1]. - The company's main revenue sources are software development and services, accounting for 98.37% of total revenue, while system integration contributes 1.63% [1]. Financial Performance - For the period from January to September 2025, Vertex Software reported operating revenue of 385 million yuan, a year-on-year decrease of 8.53%. However, the net profit attributable to shareholders increased by 2.02% to 103 million yuan [2]. - Since its A-share listing, Vertex Software has distributed a total of 814 million yuan in dividends, with 490 million yuan distributed over the past three years [3]. Shareholder Information - As of October 31, 2025, the number of shareholders for Vertex Software increased to 27,000, with an average of 7,573 circulating shares per person, a slight decrease of 1.09% [2]. - Notable new institutional shareholders include Fu Guo Optimized Enhanced Bond C, holding 3.487 million shares, and Hua Bao Zhong Zheng Financial Technology Theme ETF, holding 2.1445 million shares [3].

Core Viewpoint - Donghua Software's stock price has shown significant growth this year, with a year-to-date increase of 46.74%, despite a recent decline over the past 60 days [2] Financial Performance - For the period from January to September 2025, Donghua Software achieved a revenue of 8.488 billion yuan, representing a year-on-year growth of 3.69%. However, the net profit attributable to shareholders decreased by 28.45% to 350 million yuan [2] - The company has cumulatively distributed 2.826 billion yuan in dividends since its A-share listing, with 481 million yuan distributed over the past three years [3] Stock Market Activity - As of November 25, Donghua Software's stock price was 10.58 yuan per share, with a trading volume of 1.063 billion yuan and a turnover rate of 3.50% [1] - The stock has appeared on the "Dragon and Tiger List" six times this year, with the most recent instance on May 8, where it recorded a net purchase of 194 million yuan [2] Shareholder Structure - As of September 30, 2025, the number of shareholders decreased by 2.68% to 315,200, while the average circulating shares per person increased by 2.76% to 9,226 shares [2] - The top ten circulating shareholders include various ETFs, with notable changes in holdings among them, such as an increase in shares held by Huabao Zhongzheng Financial Technology Theme ETF [3]

Core Viewpoint - Yonyou Network's stock price has shown a significant increase of 40.54% year-to-date, despite a recent decline over the past 60 days, indicating volatility in its market performance [1][2]. Group 1: Stock Performance - As of November 25, Yonyou Network's stock rose by 2.03%, trading at 15.08 CNY per share with a total market capitalization of 51.528 billion CNY [1]. - The stock has experienced a net inflow of 893,100 CNY from major funds, with large orders accounting for 23.42% of total purchases [1]. - The stock has been on the龙虎榜 (top trading list) four times this year, with the most recent instance on August 8, where it recorded a net buy of -172 million CNY [1]. Group 2: Company Overview - Yonyou Network, established on January 18, 1995, and listed on May 18, 2001, is headquartered in Beijing and focuses on enterprise cloud services and solutions [2]. - The company's revenue composition includes 95.58% from licensing and technical services, 1.99% from financial services, 1.38% from sales of purchased goods, and 1.05% from other sources [2]. - As of September 30, 2025, Yonyou Network had 198,300 shareholders, with an average of 17,235 shares per shareholder, reflecting a decrease of 7.15% [2]. Group 3: Financial Performance - For the period from January to September 2025, Yonyou Network reported a revenue of 5.584 billion CNY, a year-on-year decrease of 2.68%, while the net profit attributable to shareholders was -1.398 billion CNY, showing a growth of 3.93% [2]. - The company has distributed a total of 5.509 billion CNY in dividends since its A-share listing, with 204 million CNY distributed over the past three years [3]. Group 4: Shareholder Information - As of September 30, 2025, the largest shareholders include Hong Kong Central Clearing Limited and China Securities Finance Corporation, with notable changes in their holdings [3]. - Hong Kong Central Clearing Limited reduced its holdings by 46.6474 million shares, while China Securities Finance Corporation maintained its share count [3].

Core Viewpoint - Yonyou Network's stock price has shown a year-to-date increase of 32.71%, but has experienced a decline in recent trading days, indicating potential volatility in investor sentiment [1][2]. Financial Performance - For the period from January to September 2025, Yonyou Network reported a revenue of 5.584 billion yuan, a year-on-year decrease of 2.68%, while the net profit attributable to shareholders was -1.398 billion yuan, reflecting a year-on-year increase of 3.93% [2]. - Cumulatively, since its A-share listing, Yonyou Network has distributed a total of 5.509 billion yuan in dividends, with 204 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 24, Yonyou Network's stock price was 14.24 yuan per share, with a market capitalization of 48.658 billion yuan. The stock experienced a trading volume of 2.58 billion yuan and a turnover rate of 0.54% [1]. - The stock has appeared on the "Dragon and Tiger List" four times this year, with the most recent appearance on August 8, where it recorded a net buy of -172 million yuan [1]. Shareholder Structure - As of September 30, 2025, Yonyou Network had 198,300 shareholders, an increase of 7.71% from the previous period. The average number of circulating shares per shareholder was 17,235, a decrease of 7.15% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 93.5425 million shares, a decrease of 46.6474 million shares from the previous period [3].

Core Viewpoint - Juyuan Yinhai's stock price has shown fluctuations with a recent increase of 2.10%, while the company has reported a year-to-date stock price increase of 11.31% and a significant rise in net profit for the first nine months of 2025 [1][2]. Financial Performance - For the period from January to September 2025, Juyuan Yinhai achieved a revenue of 687 million yuan, representing a year-on-year growth of 2.83%. The net profit attributable to shareholders was approximately 42.79 million yuan, marking a substantial increase of 127.43% [2]. - The company has distributed a total of 472 million yuan in dividends since its A-share listing, with 151 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 24, Juyuan Yinhai's stock was trading at 19.00 yuan per share, with a market capitalization of 7.756 billion yuan. The stock has experienced a trading volume of 67.24 million yuan and a turnover rate of 0.88% [1]. - The company has seen a net inflow of main funds amounting to 541,200 yuan, with significant buying activity from large orders [1]. Shareholder Structure - As of September 30, 2025, the number of shareholders for Juyuan Yinhai was 56,100, reflecting a decrease of 3.84% from the previous period. The average number of circulating shares per person increased by 3.99% to 7,212 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 3.0537 million shares, while new shareholder Jin Ying Technology Innovation Stock A holds 3 million shares [3].

Core Viewpoint - The company, Yingfang Software, specializes in data replication and has made significant strides in the domestic software market, particularly in data security and disaster recovery solutions. Company Overview - Yingfang Software, established on August 12, 2011, is located in Shanghai and was listed on January 19, 2023. The company focuses on providing data replication software, integrated hardware-software solutions, and related services. Its revenue composition includes 60.37% from software products, 20.57% from software-related services, 15.97% from integrated hardware-software products, and 3.09% from other sources [9]. Product and Technology - The company has developed nearly 30 standardized products based on three core technologies: dynamic file byte-level replication, database semantic-level replication, and volume block-level replication. These products are categorized into four main product lines: disaster recovery, backup, big data, and cloud disaster recovery [3]. - Yingfang Software's products are widely used in various sectors, including financial institutions, government agencies, healthcare, and telecommunications, ensuring data security and business continuity while facilitating digital transformation [4]. Market Position and Performance - As one of the top three suppliers in the domestic data replication and protection software market, Yingfang Software has received recognition from the Shanghai Data Exchange as a "Data Delivery Service Provider" [3]. - For the period from January to September 2025, the company achieved a revenue of 132 million yuan, reflecting a year-on-year growth of 11.26%. However, the net profit attributable to the parent company was a loss of 14.71 million yuan, although this represented a 53.56% improvement compared to the previous year [9]. Recent Developments - On November 14, 2024, the company announced its support for the Huawei Euler operating system and its active participation in the openEuler community, indicating a commitment to promoting domestic software innovation and self-sufficiency [2]. - The company's data replication software has been successfully implemented in numerous core business systems of domestic securities firms, banks, insurance companies, and asset management companies, showcasing its strong performance in the financial sector [4].

Core Viewpoint - The stock of Kela Software has experienced a decline of 2.02% on November 21, with a current price of 17.93 CNY per share and a market capitalization of 8.579 billion CNY, indicating a challenging market environment for the company [1] Financial Performance - For the period from January to September 2025, Kela Software reported a revenue of 419 million CNY, representing a year-on-year decrease of 42.40% [2] - The net profit attributable to the parent company was -10.55 million CNY, reflecting a year-on-year decline of 55.01% [2] Shareholder Information - As of September 30, 2025, the number of shareholders for Kela Software was 71,000, a decrease of 17.29% from the previous period [2] - The average number of circulating shares per shareholder increased by 22.90% to 6,407 shares [2] Dividend Distribution - Kela Software has cumulatively distributed dividends of 35.21 million CNY since its A-share listing, with 4.62 million CNY distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, the second-largest circulating shareholder is Huabao Zhongzheng Financial Technology Theme ETF, holding 7.9305 million shares, an increase of 3.84 million shares from the previous period [3] - The sixth-largest circulating shareholder is Southern Zhongzheng 1000 ETF, holding 4.3717 million shares, a decrease of 39,700 shares from the previous period [3] - The ninth-largest circulating shareholder is Huaxia Zhongzheng 1000 ETF, holding 2.6 million shares, a decrease of 3,400 shares from the previous period [3]

Core Viewpoint - Yonyou Network's stock has experienced fluctuations, with a year-to-date increase of 31.31% but a recent decline in the last few trading days, indicating potential volatility in investor sentiment [1][2]. Financial Performance - For the period from January to September 2025, Yonyou Network reported a revenue of 5.584 billion yuan, a year-on-year decrease of 2.68%, while the net profit attributable to shareholders was -1.398 billion yuan, reflecting a year-on-year increase of 3.93% [2]. - The company has cumulatively distributed dividends of 5.509 billion yuan since its A-share listing, with 204 million yuan distributed over the past three years [3]. Shareholder Structure - As of September 30, 2025, Yonyou Network had 198,300 shareholders, an increase of 7.71% from the previous period, with an average of 17,235 circulating shares per shareholder, a decrease of 7.15% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 93.5425 million shares, a decrease of 46.6474 million shares from the previous period [3]. Market Activity - Yonyou Network's stock price was reported at 14.09 yuan per share, with a trading volume of 2.18 billion yuan and a turnover rate of 0.45% [1]. - The stock has appeared on the "Dragon and Tiger List" four times this year, with the most recent instance on August 8, where it recorded a net buy of -172 million yuan [1].

Core Viewpoint - Donghua Software's stock price has increased by 42.30% this year, with a recent trading volume indicating strong market interest and liquidity [2]. Financial Performance - For the period from January to September 2025, Donghua Software achieved a revenue of 8.488 billion yuan, representing a year-on-year growth of 3.69%. However, the net profit attributable to shareholders decreased by 28.45% to 350 million yuan [2]. - The company has cumulatively distributed 2.826 billion yuan in dividends since its A-share listing, with 481 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 20, Donghua Software's stock price was 10.26 yuan per share, with a market capitalization of 32.888 billion yuan. The stock experienced a net inflow of 9.7046 million yuan from main funds [1]. - The stock has appeared on the "Dragon and Tiger List" six times this year, with the most recent appearance on May 8, where it recorded a net purchase of 194 million yuan [2]. Shareholder Structure - As of September 30, 2025, Donghua Software had 315,200 shareholders, a decrease of 2.68% from the previous period. The average number of circulating shares per person increased by 2.76% to 9,226 shares [2]. - The top ten circulating shareholders include various ETFs, with notable changes in holdings among them, such as an increase in shares held by Huabao Zhongzheng Financial Technology Theme ETF [3].

Core Viewpoint - China Software's stock has experienced a decline of 2.01% on November 20, with a current price of 47.22 CNY per share and a total market capitalization of 44.093 billion CNY, indicating a challenging market environment for the company [1] Financial Performance - For the period from January to September 2025, China Software achieved a revenue of 3.198 billion CNY, reflecting a year-on-year growth of 9.50%. However, the company reported a net profit attributable to shareholders of -104 million CNY, which is a significant improvement with a year-on-year increase of 69.18% [2] Shareholder Information - As of September 30, 2025, the number of shareholders for China Software reached 160,200, an increase of 2.59% from the previous period. The average number of circulating shares per person decreased by 2.52% to 5,265 shares [2] Dividend Distribution - Since its A-share listing, China Software has distributed a total of 415 million CNY in dividends, with 13.8956 million CNY distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders of China Software include Hong Kong Central Clearing Limited as the third-largest shareholder with 14.6729 million shares, an increase of 2.1198 million shares from the previous period. Other notable shareholders include Southern CSI 500 ETF and E Fund CSI Artificial Intelligence Theme ETF, with varying changes in their holdings [3]