Group 1 - The article discusses the R&D expense deduction policy for enterprises, highlighting that companies can deduct 120% of actual R&D expenses incurred from January 1, 2023, to December 31, 2027, if these expenses do not form intangible assets [4] - For R&D expenses that form intangible assets, companies can amortize 220% of the intangible asset cost during the same period [4] - The policy applies to resident enterprises with sound accounting practices that can accurately allocate R&D expenses, while certain industries, such as tobacco manufacturing and real estate, are excluded from this deduction [4][4] Group 2 - The article clarifies that companies can claim 80% of the actual expenses incurred for R&D activities conducted by external domestic institutions or individuals [4] - For R&D activities conducted abroad (excluding individuals), companies can also claim 80% of the actual expenses, provided that the total does not exceed two-thirds of the eligible domestic R&D expenses [4] - Collaborative R&D projects allow each party to calculate their respective R&D expenses for deduction purposes [4]

Core Viewpoint - Larry Ellison, at the age of 81, has become the world's richest person with a net worth of $393 billion as of September 10, surpassing Elon Musk, due to the soaring stock price of Oracle, the company he founded [2][5]. Group 1: Background and Achievements - Larry Ellison was born in New York and adopted shortly after birth. His exposure to computers and move to the West Coast was pivotal in his entrepreneurial journey. He founded Oracle in 1977, focusing on data management software [4]. - Through aggressive acquisitions, Ellison transformed Oracle into a software giant, demonstrating a strong competitive spirit against industry leaders like IBM and Microsoft. He was notably vocal in the antitrust lawsuits against Microsoft in the 1990s [4]. - Ellison has maintained a close relationship with former President Trump and has been involved in the acquisition of TikTok's U.S. operations [5]. Group 2: Current Initiatives and Personal Life - In the competitive landscape of AI infrastructure investment, Ellison stated that he plans to build more data centers than all competitors combined, showcasing his relentless competitive drive [5]. - Ellison's luxurious private life has attracted significant attention, and he is known to have a villa in Kyoto's Nanzen-ji Temple, indicating his affinity for Japan [5].

Core Insights - The software industry in China has shown a positive operational trend in the first eight months of 2025, with steady growth in software business revenue, double-digit profit growth, and positive export growth [1] Overall Performance - Software business revenue reached 96,409 billion yuan, representing a year-on-year increase of 12.6% [1] - Total profit for the software industry was 13,186 billion yuan, with a year-on-year growth of 13.0% [1] - Software business exports amounted to 404.4 billion USD, reflecting a year-on-year increase of 6.4% [1] Sector Performance - Software product revenue was 21,113 billion yuan, growing by 11.3% year-on-year, accounting for 21.9% of total industry revenue [2] - Basic software product revenue was 1,220 billion yuan, with a growth of 13.6% [2] - Industrial software product revenue reached 2,021 billion yuan, increasing by 8.7% [2] - Information technology service revenue was 65,916 billion yuan, with a year-on-year growth of 13.7%, making up 68.4% of total industry revenue [2] - Cloud computing and big data services generated 9,995 billion yuan, growing by 13.3% [2] - Integrated circuit design revenue was 2,893 billion yuan, with a growth of 17.7% [2] - E-commerce platform technology service revenue reached 8,845 billion yuan, increasing by 10.8% [2] - Information security product and service revenue was 1,381 billion yuan, growing by 6.9% [2] - Embedded system software revenue was 7,998 billion yuan, with an increase of 8.7% [2] Regional Performance - Software business revenue growth in the eastern, central, western, and northeastern regions was 12.9%, 12.3%, 10.7%, and 8.9% respectively [3] - The eastern region accounted for 84.1% of the total software business revenue [3] - The Beijing-Tianjin-Hebei region saw a revenue growth of 13.9%, while the Yangtze River Delta region experienced a growth of 14.8% [3] - The top five provinces in software business revenue were Beijing, Guangdong, Jiangsu, Shandong, and Shanghai, with year-on-year growth rates of 14.2%, 9.0%, 14.4%, 12.7%, and 20.7% respectively [3]

Core Viewpoint - Zhongwang Software's stock rose by 1.96% on September 30, closing at 75.95 yuan, with a significant block trade occurring [1] Group 1: Stock Performance - The stock experienced a block trade with a total volume of 71,000 shares and a transaction value of 4.7598 million yuan [1] - The first transaction price was 67.04 yuan for 71,000 shares, resulting in a premium rate of -11.73% [1] - Over the past five trading days, the stock has increased by 7.73%, with a total net inflow of 52.7922 million yuan from main funds [1] Group 2: Trading Activity - In the last three months, the stock has recorded a total of six block trades, amounting to 18.966 million yuan [1] - The buying party for the recent block trade was Guotai Junan Securities Co., Ltd., while the selling party was Huatai Securities Co., Ltd. [1]

Group 1 - The company Zhongwang Software announced the convening of its sixth board meeting on September 30, 2025, which will be held in a hybrid format combining on-site and remote voting [1] - The meeting will review the proposal regarding the first vesting conditions of the 2024 restricted stock incentive plan [1]

Core Viewpoint - The company announced that its employee stockholding platforms, including Mengze Investment, Senxi Investment, and Shuoyu Investment, have collectively reduced their shareholding by 5.3409 million shares, accounting for 3.15% of the total share capital, with a total reduction amounting to 378 million yuan [1] Summary by Categories Shareholding Reduction - The reduction occurred between September 8, 2025, and September 30, 2025, through centralized bidding and block trading [1] - The total amount of shares reduced was 5.3409 million, representing 3.15% of the company's total share capital [1] Remaining Shareholding - After the reduction, Mengze Investment holds 211,500 shares, Senxi Investment holds 548,300 shares, and Shuoyu Investment holds 259,500 shares [1] - The respective ownership percentages of the remaining shares are 0.12%, 0.32%, and 0.15% of the total share capital [1]

Core Viewpoint - Eudic Dictionary has launched its HarmonyOS version to enhance user experience for foreign language translation and learning during the National Day holiday, catering to travelers and language learners [1] Group 1: Product Features - Eudic Dictionary is designed as an essential tool for English learners, featuring fast startup and comprehensive functionality, covering needs from querying and translating to learning and error correction [1][2] - The application supports multiple languages including English, French, German, Japanese, and Korean, and offers practical features such as word search, photo translation, vocabulary notes, and word learning [3] - It includes a vast vocabulary database with 300,000 common English-Chinese entries, 400,000 specialized entries, and 1.78 million example sentences, while allowing users to download specialized dictionaries in fields like medicine, economics, engineering, and computer science [3] Group 2: AI Integration and User Experience - Eudic Dictionary integrates AI with translation, simultaneous interpretation, error correction, and speaking practice, creating a smarter communication and learning experience [3] - The launch coincides with the National Day holiday, encouraging HarmonyOS 5 users to utilize Eudic Dictionary for seamless language communication during their travels [3] - The number of HarmonyOS 5 devices has surpassed 20 million, with ongoing upgrades to various applications, including the addition of high-quality applications like Eudic Dictionary, enhancing mobile learning and cross-language communication [3]

Core Insights - AIGC software company Wanjing Technology (300624.SZ) has launched a new AI video effect called "Reshape Dimension" on its AIGC video creation platform, enabling users to easily convert 2D characters into 3D dynamic videos without professional tools [1][2] Group 1: Product Features - The "Reshape Dimension" AI effect allows users to upload a photo, illustration, or anime screenshot, which the system then processes to generate a realistic dynamic video in seconds, preserving character details and expressions [1] - The effect enhances user engagement by enabling 2D characters to perform lifelike actions such as speaking and blinking, thus transforming static images into dynamic content [1] Group 2: Market Position and Strategy - Wanjing Technology aims to democratize AI video creation through its platforms, offering high cost-performance solutions to lower barriers for creators [2] - The company has a strong global presence, operating in over 200 countries and regions, and has developed a range of popular products in the digital creative software sector [4] Group 3: Financial Performance - In the first half of 2025, Wanjing Technology reported a revenue of 760 million yuan, marking a year-on-year growth of 7.77%, with significant increases in AI server usage and native application revenue [5] - The company has seen a more than 200% growth in both paid user numbers and revenue from AI-native applications, indicating strong market demand [5]

Core Viewpoint - AIGC software company Wanjing Technology has launched a new AI video effect called "Reconstructing Dimensions," enabling users to easily convert 2D characters into 3D dynamic videos without professional tools, enhancing content creation for various applications [1][2]. Group 1: Product Features - The "Reconstructing Dimensions" AI effect allows users to upload a photo, illustration, or anime screenshot, which the system then processes to generate a realistic dynamic video in seconds, preserving character details and expressions [1]. - The effect is designed to lower the barriers for video content creation, making it easier for users to express themselves in a more engaging manner [1]. Group 2: Company Strategy - Wanjing Technology aims to promote "creative equity" by providing high-cost performance solutions that break down cost barriers in AI video creation [2]. - The company plans to continuously release more effects in the future to inspire creators and expand creative possibilities [2]. Group 3: Market Position and Performance - Wanjing Technology is a leading player in China's digital creative software sector, with a broad product range and significant global reach, operating in over 200 countries [4]. - The company reported a revenue of 760 million yuan in the first half of 2025, marking a year-on-year growth of 7.77%, with AI server calls exceeding 500 million, reflecting a growth of over 200% [5].

Core Insights - Wankang Technology has launched a new AI video effect called "Reconstructing Dimensions" on its AIGC video creation platform, which allows for the transformation of 2D characters into realistic representations, catering to various applications such as social media, fan creations, and brand marketing [1][2] - The company emphasizes the importance of making AI video creation accessible and affordable, aiming to lower the barriers to entry for users and enhance creative expression [1] Group 1 - Wankang Technology's new AI effect is designed with lightweight and gamified product features, significantly reducing the creative threshold for dynamic video content [1] - The company is committed to "creative equity," providing high cost-performance solutions to democratize AI video creation [1] - The Wankang Tianmu 2.0 platform will continue to introduce more effects to inspire creators and unleash creativity [1] Group 2 - Wankang Technology is a leading player in China's digital creative software sector, with a broad product range and significant revenue, operating in over 200 countries and regions [2] - The company has launched several flagship products, including Wankang Miaoying and Wondershare Selfyz AI, focusing on AI creative software to deliver low-threshold, high-quality, and cost-effective creative experiences [2] - The recent launch of the Wankang Tianmu multimedia model 2.0 marks a step towards building a comprehensive web and mobile application ecosystem [2]