Core Insights - The rise of data cockpits is becoming essential for businesses to extract valuable information from vast amounts of data, supporting rapid and accurate decision-making [1][3] - Data cockpits serve as comprehensive and intuitive platforms for decision-makers, integrating data collection, processing, analysis, and visualization [3][4] - The evolution to big data cockpits allows for real-time analysis of massive data volumes, enhancing decision-making accuracy and improving competitive advantage [4] Industry Applications - In manufacturing, data cockpits help monitor production line status, identify anomalies, and improve efficiency while reducing costs [4] - In retail, they analyze customer purchasing behavior to optimize product placement and promotional strategies, leading to increased sales [4] - In finance, data cockpits provide real-time market monitoring and risk assessment, supporting informed investment decisions [4] Company Highlight - Fulima Cloud is a specialized provider of data visualization solutions, offering tools and services for building data cockpits with seamless data source integration and robust processing capabilities [5][6] - The platform enables companies to quickly create customized data cockpits that facilitate real-time monitoring and efficient decision-making, driving digital transformation [6]

股票简称：中国软件 股票代码：600536 中国软件与技术服务股份有限公司 募集说明书 （注册稿） 保荐人（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二五年五月 中国软件与技术服务股份有限公司 2024 年度向特定对象发行 A 股股票募集说明书 声 明 本公司全体董事、监事、高级管理人员承诺本募集说明书不存在任何虚假记 载、误导性陈述或重大遗漏，并保证所披露信息的真实、准确、完整。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证 本募集说明书中财务会计报告真实、完整。 证券监督管理机构及其他政府部门对本次发行所作的任何决定，均不表明其 对发行人所发行证券的价值或投资者的收益作出实质性判断或者保证。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，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责，由此变化引致的投资风险，由投资者自行负责。 中国软件与技术服务股份有限公司 2024 年度向特定对象发行 A 股股票募集说明书 重大事项提示 本公司特别提醒投资者注意下列重大事项或风险因素，并认真阅读本募集说 明书相关章节。本部分所述词语或简称 ...

Group 1 - The Ministry of Commerce of Guangdong Province has issued an action plan to accelerate the research and development of radioactive therapeutic drugs, supporting enterprises, medical institutions, and research institutes in enhancing investment in new types of radioactive drugs [5] - Chongqing Steel has signed an asset transfer contract worth 1.081 billion yuan with Chongqing Heavy Industry Group [6] - Muyuan Foods has had its H-share filing materials accepted by the China Securities Regulatory Commission [6] Group 2 - Feitian Integrity's Vice General Manager Li Wei plans to reduce his stake by no more than 0.96% [7] - Fengshan Group's shareholders plan to collectively reduce their holdings by no more than 983,000 shares [7] - Weier Technology will change its stock name to "Haowei Group" starting June 20 [7] Group 3 - Oriental Shenghong's controlling shareholder's concerted action party intends to increase its stake in the company by 500 million to 1 billion yuan [7] - China Bank's Vice President Zhang Xiaodong has left due to job transfer [7] - CITIC Securities has been approved to issue up to 6 billion yuan in technology innovation bonds [7]

Economic Growth - In May, the national industrial added value above designated size increased by 5.8% year-on-year, with equipment manufacturing and high-tech manufacturing growing at 9.0% and 8.6% respectively, outpacing the overall industrial growth by 3.2 and 2.8 percentage points [1][12] - The service industry production index rose by 6.2% year-on-year in May, accelerating by 0.2 percentage points compared to the previous month [2][14] Consumer Market - The total retail sales of consumer goods reached 41,326 billion yuan in May, marking a 6.4% year-on-year increase, which is 1.3 percentage points higher than the previous month [3][16] - Sales of household appliances and audio-visual equipment, communication equipment, cultural and office supplies, and furniture saw year-on-year growth ranging from 25.6% to 53% [11][16] Investment Trends - From January to May, fixed asset investment (excluding rural households) totaled 191,947 billion yuan, with a year-on-year growth of 3.7%, particularly in high-tech industries such as information services and aerospace manufacturing [4][16] - Investment in equipment and tools increased by 17.3% in the first five months, contributing 63.6% to overall investment growth [11] Employment and Market Activity - The employment situation remained stable, with a decrease in the urban survey unemployment rate [6] - Macro policies have effectively enhanced market activity, leading to increased passenger turnover and a rise in domestic tourism during the "May Day" holiday [10] Industry Performance - The production of lithium-ion batteries, shipbuilding, and boiler manufacturing industries achieved double-digit growth in May, driven by large-scale equipment updates [8] - The production of new energy vehicles, tablets, and electric bicycles saw significant increases of 31.7%, 30.9%, and 20.5% respectively [8][12]

Core Viewpoint - In May, the national service industry production index experienced a year-on-year growth of 6.2%, accelerating by 0.2 percentage points compared to the previous month [1] Industry Breakdown - The information transmission, software, and information technology services sector saw a year-on-year production index increase of 11.2%, which is 5.0 percentage points higher than the overall service industry production index [1] - The leasing and business services sector reported a year-on-year growth of 8.9%, exceeding the overall service industry production index by 2.7 percentage points [1] - The wholesale and retail sector experienced a year-on-year production index growth of 8.4%, surpassing the overall service industry production index by 2.2 percentage points [1]

Core Viewpoint - *ST Guangdao is facing severe regulatory penalties due to significant financial fraud, which may lead to its forced delisting from the Beijing Stock Exchange due to violations of major misconduct regulations [1][8]. Financial Fraud Scale and Methods - The company engaged in systematic fraud from 2018 to mid-2024, inflating revenue by a total of 14.65 billion yuan, with inflated revenue ratios exceeding 85% across all periods [2][5]. - The inflated operating costs amounted to 7.54 billion yuan, with similar high ratios of over 83% [2][5]. - The fraud involved falsifying a complete set of documents, including purchase and sales contracts, invoices, and delivery notes [2][3]. Regulatory Penalties - The company faces a maximum fine of 10 million yuan, while the actual controller, Jin Wenming, is fined 15 million yuan and banned for life from the securities market [6][7]. - The penalties cover all levels of responsibility, from decision-makers to execution layers, emphasizing the end of the "decorative" role of independent directors [7]. Delisting Mechanism - The company is at risk of dual delisting due to financial misconduct and a significant violation of listing rules, marking it as the first major misconduct delisting case on the Beijing Stock Exchange [8][9]. Investor Protection - A compensation fund of 220 million yuan has been established to cover losses incurred by eligible investors due to false statements, reflecting a proactive approach by the underwriting institution [10]. - This mechanism aims to address the challenges of lengthy litigation and evidence collection for investors [10]. Broader Implications - The case establishes a comprehensive accountability system, integrating administrative penalties, criminal accountability, civil compensation, and forced delisting, signaling a shift towards a "zero tolerance" policy in regulatory enforcement [11]. - The case serves as a benchmark for the health of the capital market, indicating that the costs of financial fraud will outweigh the benefits, thereby promoting compliance and internal control [13][14].

Core Viewpoint - The article highlights the stable growth of China's economy in May 2025, driven by effective macroeconomic policies and a focus on high-quality development, despite external uncertainties and domestic demand challenges [1]. Group 1: Industrial Production - In May, the industrial added value of large-scale enterprises increased by 5.8% year-on-year and 0.61% month-on-month, with manufacturing growing by 6.2% [2]. - Equipment manufacturing and high-tech manufacturing sectors saw significant growth, with increases of 9.0% and 8.6% respectively, outpacing overall industrial growth by 3.2 and 2.8 percentage points [2]. - The manufacturing purchasing managers' index was at 49.5%, indicating a slight improvement, while the business activity expectation index rose to 52.5% [2]. Group 2: Service Sector - The service sector production index grew by 6.2% year-on-year in May, with notable increases in information transmission, software, and IT services at 11.2% [3]. - The business activity index for the service sector was at 50.2%, indicating stable growth, while the business activity expectation index reached 56.5% [3]. Group 3: Market Sales - The total retail sales of consumer goods reached 41,326 billion yuan in May, growing by 6.4% year-on-year, with urban retail sales increasing by 6.5% [4]. - The sales of home appliances and communication equipment surged due to the "trade-in" policy, with growth rates of 53.0% and 33.0% respectively [5]. Group 4: Fixed Asset Investment - From January to May, fixed asset investment (excluding rural households) totaled 191,947 billion yuan, with a year-on-year growth of 3.7% [6]. - Manufacturing investment grew by 8.5%, while real estate development investment declined by 10.7% [6]. Group 5: Trade and Employment - In May, the total value of goods imports and exports was 38,098 billion yuan, with exports increasing by 6.3% [7]. - The urban surveyed unemployment rate was 5.0% in May, showing a slight decrease from the previous month [8]. Group 6: Consumer Prices - The Consumer Price Index (CPI) fell by 0.1% year-on-year in May, with core CPI rising by 0.6% [9]. - The prices of food and beverages increased slightly, while transportation and communication prices saw a significant decline of 4.3% [9]. Group 7: Producer Prices - In May, the producer price index for industrial producers decreased by 3.3% year-on-year, indicating ongoing deflationary pressures in the industrial sector [10].

Core Viewpoint - The service industry in China is experiencing accelerated growth, with a notable increase in the modern service sector, as indicated by the production index and various sub-sector performances [1] Industry Performance - In May, the national service production index grew by 6.2% year-on-year, an acceleration of 0.2 percentage points compared to the previous month [1] - The information transmission, software, and IT services sector saw a production index increase of 11.2%, while leasing and business services, and wholesale and retail sectors grew by 8.9% and 8.4% respectively, outperforming the overall service production index by 5.0, 2.7, and 2.2 percentage points [1] - From January to May, the national service production index recorded a year-on-year growth of 5.9% [1] Revenue and Business Activity - For the first four months, revenue from large-scale service enterprises increased by 7.2% year-on-year [1] - The service business activity index for May was at 50.2%, rising by 0.1 percentage points from the previous month, while the business activity expectation index stood at 56.5%, also up by 0.1 percentage points [1] - Specific sectors such as railway transport, air transport, postal services, telecommunications, and internet software and IT services reported business activity indices above 55.0%, indicating a high level of economic activity [1]

Economic Overview - In May, under the strong leadership of the Central Committee, the national economy maintained stable operation, with steady growth in production and demand, and overall employment stability [2][10] - The economic performance reflects resilience and vitality, although external uncertainties and the need to enhance domestic demand remain challenges [10] Industrial Production - In May, the industrial added value of enterprises above designated size increased by 5.8% year-on-year and 0.61% month-on-month [3] - The equipment manufacturing industry and high-tech manufacturing industry saw significant growth, with increases of 9.0% and 8.6% respectively, outpacing the overall industrial growth by 3.2 and 2.8 percentage points [3] - The manufacturing purchasing managers' index was at 49.5, up 0.5 percentage points from the previous month [3] Service Sector - The service production index grew by 6.2% year-on-year in May, accelerating by 0.2 percentage points from the previous month [4] - Key sectors such as information transmission, software, and IT services saw growth rates of 11.2%, 8.9%, and 8.4% respectively, exceeding the overall service production index growth [4] Consumer Market - The total retail sales of consumer goods reached 41,326 billion yuan in May, marking a year-on-year increase of 6.4% [5] - The sales of home appliances and communication equipment surged by 53.0% and 33.0% respectively, driven by the "replace old with new" policy [5] - Online retail sales amounted to 60,402 billion yuan, growing by 8.5% year-on-year, with physical goods accounting for 24.5% of total retail sales [5] Fixed Asset Investment - From January to May, fixed asset investment (excluding rural households) totaled 191,947 billion yuan, up 3.7% year-on-year [6] - Manufacturing investment grew by 8.5%, while real estate development investment declined by 10.7% [6] Trade Performance - In May, the total value of goods imports and exports reached 38,098 billion yuan, a year-on-year increase of 2.7% [7] - Exports rose by 6.3% to 22,767 billion yuan, while imports fell by 2.1% to 15,331 billion yuan [7] Employment Situation - The urban surveyed unemployment rate was 5.0% in May, a decrease of 0.1 percentage points from the previous month [8] - The average weekly working hours for employees were reported at 48.5 hours [8] Price Trends - The Consumer Price Index (CPI) fell by 0.1% year-on-year in May, with core CPI rising by 0.6% [9] - The Producer Price Index (PPI) for industrial producers decreased by 3.3% year-on-year [9]

Group 1 - The core viewpoint of the news highlights the financial performance and stock activity of Zhenhua Technology, indicating a decline in revenue and net profit for the first quarter of 2025 [1] - As of June 13, 2025, Zhenhua Technology's stock closed at 46.42 yuan, with a slight increase of 0.96% and a trading volume of 117,300 lots, amounting to 545 million yuan [1] - The company experienced a net inflow of main funds amounting to 33.54 million yuan, representing 6.16% of the total transaction amount, with significant contributions from large orders [1] Group 2 - For the first quarter of 2025, Zhenhua Technology reported total operating revenue of 908 million yuan, a year-on-year decrease of 10.45%, and a net profit attributable to shareholders of 58.51 million yuan, down 42.60% year-on-year [1] - The company's financial ratios include a current ratio of 6.630, a quick ratio of 5.507, and a debt-to-asset ratio of 18.02% [1] - Zhenhua Technology has made investments in 24 companies and participated in 28 bidding projects, holding 45 trademark registrations and 212 patents [2]