Core Insights - The software industry in China generated a revenue of 111,126 billion yuan in the first three quarters of 2023, reflecting a year-on-year growth of 13.0% [1] - The total profit of the software industry reached 14,352 billion yuan, with a year-on-year increase of 8.7% [1] Group 1: Market Trends - The domestic office software market is experiencing steady growth, driven by factors such as central state-owned enterprises' innovation and collaboration in office efficiency, with the market expected to reach 30.1 billion yuan by 2027 according to iResearch data [1] - The trend towards domestic core software and hardware localization is gaining momentum amid the geopolitical technology competition, which is expected to foster a domestic ecosystem and achieve high-level technological self-reliance [1] Group 2: Industrial Software Development - Industrial software is identified as a core support for intelligent manufacturing, with its upgrade and transformation likely to enhance production efficiency, reduce operational costs, and improve market competitiveness [1] - There are existing gaps in China's industrial software sector that need to be addressed to better support the digital, networked, and intelligent transformation of manufacturing [1] - The inclusion of industrial software in the "two new" policy support framework indicates government encouragement for increased investment in this area, which is expected to expand investment scale in the short term and enhance industry competitiveness in the long term [1]