Investment Rating - The report maintains a "Positive" investment rating for the software and services industry [7] Core Viewpoints - The report expresses optimism regarding AI applications and domestic computing power investment opportunities, highlighting the acceleration of AI applications and the potential for industry upgrades in the long term [6][40] - The introduction of the Universal Commerce Protocol (UCP) by Google is seen as a significant development that could reshape the e-commerce landscape, facilitating seamless transactions and enhancing user experience [21][24][28] - The report emphasizes the importance of data element value release in 2026, marking it as a pivotal year for the digital economy and data market reforms [30][35][38] Summary by Sections Market Performance - Last week, the computer sector experienced a high and then a pullback, with an overall increase of 4.14%, ranking first among major industries in the Yangtze River region, and accounting for 11.21% of total market turnover [2][4][15] Key Recommendations - The report recommends focusing on: 1. Domestic large model manufacturers 2. Major domestic cloud service providers 3. Vertical scenario agent manufacturers 4. The domestic computing power supply chain, particularly AI chip companies like Haiguang Information and Cambrian [6][40] AI and E-commerce Developments - The UCP aims to create a standardized communication framework for AI agents, merchants, and platforms, potentially transforming the e-commerce industry by reducing decision-making time and enhancing transaction efficiency [21][24][28] - The report notes that AI-assisted shopping is expected to become mainstream, with significant growth projected in the AI e-commerce market from 23.93 billion yuan in 2020 to 50.44 billion yuan by 2024, with a compound annual growth rate of 20.50% [29] Data Element Value Release - The report highlights that 2026 is designated as the "Year of Data Element Value Release," with a focus on market-oriented reforms and the establishment of data standards to facilitate the flow and utilization of data [30][35][38] - The establishment of a data property rights registration system is anticipated to enhance data circulation and unlock value within the data economy [37][38]

证券日报网讯 1月20日，南威软件发布公告称，截至本公告披露日，公司股东天津启重始源企业管理合 伙企业（有限合伙）（简称"启重始源"）持有公司无限售流通股33，952，000股，占公司总股本的 5.8502%。2026年1月20日，公司收到启重始源发来的《关于股份减持计划的告知函》，启重始源因自 身资金需求，拟通过集中竞价减持公司股份，合计不超过5，803，605股，减持期间为自公告披露之日 起15个交易日后的3个月内，且在任意连续90个自然日内减持股份总数不超过公司总股本的1.00%。 （文章来源：证券日报） ...

证券日报网讯 1月20日，博思软件在互动平台回答投资者提问时表示，公司电子票夹的微信小程序，是 依据各类开票单位发出通知及交付电子票据给交款人的小程序。目前，公司通过综合票务服务、聚合支 付、报销应用、商保理赔、公益救助、医保零星报销等功能积极开展互联网C端应用服务。后续公司将 在医疗大健康生态与微信C端应用方面探索更多业务机会。 （文章来源：证券日报） ...

Core Viewpoint - The construction industry's digitalization is accelerating, making engineering pricing software a core tool for project cost management in Sichuan Province, with various software solutions emerging in a competitive market [1] Market Landscape - Guanglianda Cloud Pricing GCCP7.0, a product of Guanglianda Technology Co., Ltd., holds a significant market influence in the 2025 Sichuan engineering pricing software market, with a user adoption rate of approximately 25%-30% [2] - The software supports integrated editing and local quota library adaptation, meeting basic pricing needs in Sichuan, but its capabilities are not unique as they are common among mainstream pricing software [2] - A local pricing platform, developed by a Sichuan-based company, has advantages in policy responsiveness and localized service, particularly appealing to small and medium-sized enterprises in the region, though it lags in cross-regional project support [3] - An open-source pricing tool attracts technically skilled users due to its customizability, but it still falls short in usability and technical support compared to commercial software [5] User Feedback and Market Application Status - The application of engineering pricing software in Sichuan shows increased adoption but lacks depth, with only about 40% of projects achieving full digital pricing [6] - Different user groups have distinct functional needs, with large enterprises focusing on collaboration management and data security, while small enterprises prioritize usability and cost-effectiveness [6] - Data security and compliance have become critical considerations for users, influenced by regulations like the Data Security Law [6] Industry Development Trends and Objective Analysis - The 2025 Sichuan engineering pricing software market is characterized by deepening technology applications but noticeable differentiation among platforms [7] - Localized service capabilities are becoming a key competitive factor, with users prioritizing responsiveness over software functionality richness [7] - There is an increasing demand for ecosystem integration, as users seek data interoperability between pricing software and other systems [8] Selection Recommendations - Industry users should choose engineering pricing software based on objective criteria such as functionality matching, technical support, cost-effectiveness, and data security compliance [9] - There is no "one-size-fits-all" tool in the market, and users are advised to conduct practical tests and peer consultations to evaluate software based on their project characteristics [9] Industry Challenges and Future Outlook - The engineering pricing software market faces challenges such as non-unified technical standards leading to data silos and a shortage of skilled professionals who understand both engineering pricing and digital technology [10] - The market has potential for growth as the construction industry continues its digital transformation, but it requires transparent information sharing and a focus on genuine technological capabilities to foster healthy competition [10] Conclusion - The 2025 Sichuan engineering pricing software market features multi-platform competition and differentiated technology applications, with Guanglianda Cloud Pricing GCCP7.0 being a key player [11] - Users should evaluate software based on project needs and technical validation, avoiding being misled by single-platform marketing claims [11]

Group 1 - The core viewpoint of the article highlights the recent performance and financial metrics of Chuangyue Huikang (300451), indicating a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [2] - As of January 20, 2026, Chuangyue Huikang's stock closed at 5.69 yuan, down 0.7%, with a trading volume of 730,400 hands and a total transaction amount of 415 million yuan [1] - The company reported a main revenue of 862 million yuan for the first three quarters of 2025, a year-on-year decrease of 26.26%, and a net profit attributable to shareholders of -122 million yuan, a decline of 331.69% [2] Group 2 - In the third quarter of 2025, the company's single-quarter main revenue was 285 million yuan, down 35.5% year-on-year, and the net profit attributable to shareholders was -41.67 million yuan, a decrease of 264.2% [2] - The company has shifted its main business focus from product development and sales to a broader range of services, including smart healthcare, internet medical services, medical IoT, and health city solutions [2] - The company's debt ratio stands at 20.27%, with an investment income of 4.44 million yuan and financial expenses of -5.32 million yuan, while maintaining a gross profit margin of 49.87% [2]

智通财经APP讯，南威软件(603636.SH)发布2025年年度业绩预告，预计2025年年度实现归属于母公司 所有者净亏损3.8亿元至4.56亿元。 报告期内，公司G端主营业务在面临国内市场需求收缩与行业竞争加剧的背景下，仍实现营业收入同比 增长，但受毛利率下降影响，净利润亏损;同时公司在B端、C端等创新业务上加大研发与运营投入，由 于这些新兴业务尚处于产品研发完善投入期，对2025年利润尚未产生实际贡献。 公司根据战略转型、业务发展情况和外部市场环境变化，按照企业会计准则及公司稳健的会计政策等相 关规定，基于谨慎性原则对应收类款项、商誉、无形资产、存货进行全面检查和减值测试，预计计提各 项减值准备合计约2.2亿元，较上年同期增加约1.43亿元，在剔除计提上述各项减值准备的影响后，主营 业务经营利润同比增长。 ...

公司根据战略转型、业务发展情况和外部市场环境变化，按照企业会计准则及公司稳健的会计政策等相 关规定，基于谨慎性原则对应收类款项、商誉、无形资产、存货进行全面检查和减值测试，预计计提各 项减值准备合计约2.2亿元，较上年同期增加约1.43亿元，在剔除计提上述各项减值准备的影响后，主营 业务经营利润同比增长。 南威软件（603636）(603636.SH)发布2025年年度业绩预告，预计2025年年度实现归属于母公司所有者 净亏损3.8亿元至4.56亿元。 报告期内，公司G端主营业务在面临国内市场需求收缩与行业竞争加剧的背景下，仍实现营业收入同比 增长，但受毛利率下降影响，净利润亏损;同时公司在B端、C端等创新业务上加大研发与运营投入，由 于这些新兴业务尚处于产品研发完善投入期，对2025年利润尚未产生实际贡献。 ...

截图来自世界经济论坛官网直播视频 实际上，微软也并非当下最受市场瞩目的"AI赢家"。Business Insider曾报道，纳德拉有意推动微软转 型，并重新思考其在AI时代的商业模式，为此还聘用了曾在公司云计算发展中做出贡献的罗尔夫·哈姆 斯（Rolf Harms）担任AI经济学顾问。 在最新的访谈中，他提到，初创公司更能快速使用并借助新工具提升生产力，但快速实现规模化难度仍 然不小。而大型组织虽有数据、人际关系、专业知识等优势，但仍面临根本性挑战，必须通过"新的生 产函数"将其转化为实际生产力，否则将被超越。 "未来，任何地方的GDP增长都将与'每美元每瓦特产生的算力'直接相关。" 1月20日，微软CEO萨提亚·纳德拉（Satya Nadella）在瑞士达沃斯小镇举办的世界经济论坛第56届年会 上参与了一场对谈，谈及了AI的现状及未来，并重点论述了他对AI发展与能源成本、AI泡沫及数字主 权、AI时代组织转型等问题的看法。 贝莱德董事长兼CEO、世界经济论坛临时联合主席劳伦斯·芬克（Laurence D. Fink）主持了对谈。 电力短缺将是制约AI发展的最关键瓶颈之一。去年11月，纳德拉在与OpenAI ...

证券日报网讯 1月20日，数码视讯发布公告称，截至2026年1月20日，公司通过集中竞价累计回购 1491.61万股，占总股本1.05%，成交总额8286.4728万元，符合既定方案。 （文章来源：证券日报） ...

报告期内，公司一是进一步强化AI技术对公司管理软件业务及数字营销业务的赋能；二是深入落实市 场下沉策略，积极拓展地方市场；三是完善项目管理，做好项目交付工作。此外，公司2025年不存在计 提大额商誉减值的情况，公司2025年经营业绩实现扭亏为盈。 格隆汇1月20日丨久其软件(002279.SZ)公布，预计2025年归属于上市公司股东的净利润4,000万元-6,000 万元，同比扭亏为盈，扣除非经常性损益后的净利润3,500万元-5,000万元，同比扭亏为盈。 ...