Core Insights - New Zhi Software has launched the "Judicial Intelligent Integrated Machine Product - Judge Assistant V1.0" aimed at enhancing judicial efficiency through AI technology [1][2] - The product addresses long-standing challenges faced by judges, such as heavy documentation workload and time-consuming case retrieval [2] Group 1: Product Features - The Judge Assistant V1.0 utilizes AI to achieve two main breakthroughs: intelligent document generation and rapid case matching [2] - Intelligent document generation can automatically create drafts of legal documents like judgments and mediation documents, improving efficiency by over 80% and allowing for personalized style learning [2] - The case matching feature, based on deep semantic analysis, achieves over 90% accuracy in retrieving similar cases, aiding judges in referencing relevant case standards quickly [2] Group 2: Technical Aspects - The product supports private deployment to ensure judicial data security and is fully compatible with domestic technology ecosystems, having passed certifications from Kirin/Linux and being compatible with domestic chips like Haiguang and Ascend [4] - The AI capabilities of the system have been recognized in various authoritative evaluations, including being named one of the top ten cases in the Digital Sichuan Innovation Competition [4] Group 3: Practical Applications - In practice, the Judge Assistant V1.0 enhances trial efficiency by providing real-time case retrieval to help judges address key disputes quickly [5] - It automates the generation of draft judgments, allowing judges to focus on reviewing core content, significantly reducing repetitive tasks [5] Group 4: Company Vision - New Zhi Software aims to leverage technology to free judges from tedious administrative tasks, enabling them to concentrate on core adjudicative responsibilities, thereby improving judicial quality and public trust [6]

Investment Rating - The report does not explicitly provide an investment rating for the smart court industry Core Insights - The smart court concept was proposed by the Supreme People's Court in 2016, aiming to integrate modern AI with judicial processes to enhance efficiency and transparency in court operations [1][3] - The industry has seen significant growth in recent years, with a notable increase in case filings and resolutions, indicating a rising demand for smart court solutions [14][15] - The report highlights the importance of data interoperability and system integration to overcome existing challenges in information sharing among various judicial platforms [22][23] Summary by Sections Industry Overview - The smart court is defined as a court system that utilizes modern technology to support judicial processes, ensuring public access and transparency [1] - The development of smart courts has evolved over nearly 30 years, with increasing emphasis on technology to address issues like case overload [3] Development Background - The policy environment is supportive, with numerous regulations aimed at enhancing judicial transparency and information security [5][6] - The software and information technology service industry in China has expanded rapidly, with revenues reaching approximately 12.33 trillion yuan in 2023, growing by 14.35% year-on-year [7] Industry Chain - The smart court industry chain includes hardware, software, data services, and security services, with a focus on improving judicial efficiency and transparency [10] Current Development Status - From 2019 to 2023, over 1.5 billion yuan has been invested in the information technology infrastructure of the Supreme People's Court, with an average annual investment of about 300 million yuan [12] - In 2023, the total number of cases filed reached approximately 45.57 million, with a resolution rate of 99.3%, reflecting a 35.2% increase in filings and a 46.9% increase in resolutions compared to the previous year [14][15] Competitive Landscape - The industry is characterized by a stable ecosystem with established players like Huayu Software leading the market, while other companies like Xinshi Cloud and Dongsoft Zhaibo are also gaining traction [18][19] Development Trends - There is a growing need for tighter data interoperability and system integration to facilitate better collaboration among judicial departments [22][23] - The report emphasizes the importance of enhancing system security to protect sensitive information and maintain public trust in the judicial process [24]

首次公开发行股票并在创业板上市发行公告 保荐人（主承销商）:海通证券股份有限公司 特别提示 根据中国证券监督管理委员会（以下简称"中国证监会"）2012 年 10 月发 布的《上市公司行业分类指引（2012 年修订）》的行业目录及分类原则，南京通 达海科技股份有限公司（以下简称"通达海"或"发行人"）所处行业属于"I65 软件和信息技术服务业"。截至 2023 年 2 月 28 日（T-3 日），中证指数有限公司 发布的行业最近一个月平均静态市盈率为 54.12 倍。本次发行价格 95.00 元/股对 应发行人 2021 年扣非前后孰低归母净利润摊薄后市盈率为 48.09 倍，低于中证 指数有限公司发布的行业最近一个月平均静态市盈率；高于招股说明书中所选 可比公司近 20 日扣非后算术平均静态市盈率；高于招股说明书中所选可比公司 近 20 日扣非前算术平均静态市盈率，存在未来发行人股价下跌给投资者带来损 失的风险。发行人和保荐人（主承销商）提请投资者关注投资风险，审慎研判发 行定价的合理性，理性做出投资决策。 通达海根据《证券发行与承销管理办法》（证监会令[第 208 号]，以下简称 "《管理办法》"）、《深 ...

本次股票发行后拟在创业板市场上市，该市场具有较高的投资风险。创业板公司具有 创新投入大、新旧产业融合成功与否存在不确定性、尚处于成长期、经营风险高、业绩不 稳定、退市风险高等特点，投资者面临较大的市场风险。投资者应充分了解创业板市场的 投资风险及本公司所披露的风险因素，审慎作出投资决定。 南京通达海科技股份有限公司 Nanjing TDH Technology Co.,Ltd. （南京市鼓楼区集慧路 16 号联创大厦 B 座 20 层） 首次公开发行股票并在创业板上市 招股说明书 保荐机构（主承销商） （上海市广东路 689 号） 0 声明：本公司的发行上市申请尚需经深圳证券交易所和中国证监会履行相应程序。本 保荐人及证券服务机构承诺因其为发行人本次公开发行制作、出具的文件有 虚假记载、误导性陈述或者重大遗漏，给投资者造成损失的，将依法赔偿投资者 损失。 1 招股说明书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正式公告 的招股说明书全文作为作出投资决定的依据。 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对注册申请文件 及所披露信息的真实性、准确性、完整性作出保证，也不表明其 ...

本次股票发行后拟在创业板市场上市，该市场具有较高的投资风险。创业板公司具有 创新投入大、新旧产业融合成功与否存在不确定性、尚处于成长期、经营风险高、业绩不 稳定、退市风险高等特点，投资者面临较大的市场风险。投资者应充分了解创业板市场的 投资风险及本公司所披露的风险因素，审慎作出投资决定。 南京通达海科技股份有限公司 Nanjing TDH Technology Co.,Ltd. （南京市鼓楼区集慧路 16 号联创大厦 B 座 20 层） 首次公开发行股票并在创业板上市 招股说明书 （申报稿） 声明：本公司的发行上市申请尚需经深圳证券交易所和中国证监会履行相应程序。本 招股说明书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正式公告 的招股说明书全文作为作出投资决定的依据。 保荐机构（主承销商） （上海市广东路 689 号） 1-1-0 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对注册申请文件 及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的盈利能力、投 资价值或者对投资者的收益作出实质性判断或保证。任何与之相反的声明均属虚假不实陈 述。 根据《证券法》的规定， ...