天威视讯（002238）(002238.SZ)公告，公司控股子公司深圳市天擎数字有限责任公司("天擎数字")将以 604.30万元的价格向深圳广电数字科技有限公司("广电数科")转让项目资产并签订相关转让协议。本次 转让项目是天擎数字基于深圳市福田区政数局业务需求开发的产品，项目固定资产包括电子及办公设 备，共17台/套，设备运行状态良好，维护保养情况良好;项目无形资产包括5项软件著作权、5项专利及 项目源代码、设计手册-政府大厅虚拟雇员白皮书。 ...

智通财经APP讯，天威视讯(002238.SZ)公告，公司控股子公司深圳市天擎数字有限责任公司("天擎数 字")将以604.30万元的价格向深圳广电数字科技有限公司("广电数科")转让项目资产并签订相关转让协 议。本次转让项目是天擎数字基于深圳市福田区政数局业务需求开发的产品，项目固定资产包括电子及 办公设备，共17台/套，设备运行状态良好，维护保养情况良好;项目无形资产包括5项软件著作权、5项 专利及项目源代码、设计手册-政府大厅虚拟雇员白皮书。 ...

从披露数据看，标的公司2025年至2027年预计净利润分别为4,383.44万元、4,864.15万元和6,392.45万 元，而业绩承诺方承诺的净利润则为3,500.00万元、5,000.00万元和6,500.00万元，两者存在明显差异。 更关键的是，申报材料未列示预测期内净利润调整至企业自由现金流量的具体过程，使得投资者无法验 证现金流预测的合理性。此外，本次交易采用的折现率为11.29%，其中权益资本成本计算中对公司特 定风险报酬率仅按2.00%预测，却未考虑标的公司客户集中度较高的特别风险。这种选择性忽略关键风 险因子的做法，无疑人为压低了折现率，从而推高了估值。 在资本市场日益强调高质量发展的当下，科技型上市公司通过并购整合优质资产以实现技术跃升和业务 协同，本应是值得鼓励的战略举措。然而，当一项交易的财务结构呈现出高度集中于无形判断、关键参 数缺乏充分验证、且新增商誉占净资产比重超过50%时，其所谓的"战略协同"便不得不令人重新审视其 真实动机与潜在风险。 禾信仪器 (股票代码：688130)拟收购某标的公司所引发的监管问询及后续披 露，恰好为市场提供了一个观察高溢价并购逻辑脆弱性的典型案例。 根 ...

Core Viewpoint - Tonghe Technology announced the acquisition of multiple patents and software copyrights, indicating a strong focus on innovation and intellectual property development [1] Patent and Copyright Summary - The company obtained 5 invention patents, 4 utility model patents, 1 design patent, and 3 computer software copyright registration certificates [1]

Core Viewpoint - Su Shi Testing (300416.SZ) emphasizes that its software copyrights are primarily developed independently by the company and its subsidiaries, directly related to the company's main technologies, and have been applied in the company's leading products and testing services [1] Group 1 - The company has developed its software copyrights independently [1] - The software is directly related to the company's main technologies [1] - The software has been applied in the company's leading products and testing services [1]

Core Points - The company announced the acquisition of 24 patent certificates from the National Intellectual Property Administration from July 1, 2025, to September 30, 2025, including 6 invention patents, 11 utility model patents, and 7 design patents [1] - Additionally, the company obtained 8 software copyright registration certificates from the National Copyright Administration of the People's Republic of China [1] - These patents and software copyrights will enhance the company's intellectual property protection system and improve its core competitiveness [1]

Core Viewpoint - Aerospace Science and Technology announced that its subsidiary, Aerospace Science and Industry Inertial Technology Co., Ltd., plans to transfer 50% of its oil-related intangible asset portfolio through public listing, with a starting price of 49.45 million yuan [1] Group 1: Transaction Details - The intangible assets include 2 software copyrights and 117 patents and proprietary technologies [1] - Tian Shi and Chuang have expressed interest in purchasing the assets, but the transaction's counterpart and consideration are yet to be determined, leading to uncertainty regarding the deal's completion [1] - This transaction does not constitute a major asset restructuring and will require approval from the shareholders' meeting [1] Group 2: Use of Proceeds - The proceeds from the transaction will be used for the daily operations and core business development of the Inertial Technology Company [1]

Core Viewpoint - The company SanTai Co., Ltd. has disclosed its innovation activities, including patent applications and software copyrights, as part of its 2024 annual report [1] Group 1 - As of December 31, 2024, the subsidiary RuiGuan Information has applied for 6 invention patents (under review) [1] - The subsidiary has also applied for 8 design patents (under review) [1] - Additionally, the company has obtained 3 software copyrights [1]

Group 1 - The company has 212 technical personnel, accounting for 21.16% of the total workforce as of December 31, 2024 [2] - The subsidiary, Ruiguan Information, has applied for 6 invention patents (under review), 8 design patents (under review), and obtained 3 software copyrights as of December 31, 2024 [2]

Group 1 - The article emphasizes the importance of software copyright as a hidden "accelerator" for companies, which can significantly enhance their value in the eyes of investors and during IPO processes [2][4] - Companies that secure software copyrights early can leverage them as a competitive advantage, with examples showing that having multiple copyrights can increase a company's valuation and expedite processes like IPOs and high-tech enterprise recognition [4] - The cost-effectiveness and speed of obtaining software copyrights compared to patents make them an attractive option for companies looking to enhance their intellectual property portfolio [4] Group 2 - The article provides examples of companies that faced delays in their IPO processes due to insufficient intellectual property protection, highlighting the necessity of having software copyrights in place before critical financial events [4] - It mentions that software copyrights can serve as a substitute for multiple utility model patents, thus simplifying the process of obtaining high-tech enterprise recognition and associated tax benefits [4] - The narrative illustrates how companies can quickly obtain software copyrights and use them to apply for government subsidies, showcasing the financial advantages of this intellectual property type [4]