长江商报消息 ●长江商报记者 徐佳 根据重组草案，索辰科技拟通过全资子公司数字科技收购马国华、田晓亮等交易对手方持有的力控科技 60%股权，交易价格为1.92亿元。交易完成后，力控科技将成为上市公司二级控股子公司，纳入上市公 司合并报表范围。 据了解，力控科技成立于2011年，是一家国内领先的工业软件产品及工业自动化解决方案提供商，主营 业务聚焦于SCADA软件、工业智能管控产品及工业数智化解决方案的研发、销售和服务。在SCADA软 件领域，力控科技与亚控科技长期占据国内厂商前二的位置。 索辰科技则是国内CAE领域的龙头企业，二者在工业软件细分领域均具有领先地位，在产业生态中承担 着关键且互补的角色。 国产CAE龙头索辰科技（688507.SH）将借重组进一步提升核心竞争力。 日前，索辰科技发布重组草案，拟通过全资子公司数字科技以1.92亿元现金收购北京力控元通科技有限 公司（以下简称"力控科技"）60%股权，交易完成之后，力控科技将纳入索辰科技合并报表范围。 长江商报记者注意到，作为国内CAE领域的龙头企业，索辰科技此次并购SCADA领域的力控科技，意 在快速补充产品技术能力，并拓展客户群体，进而提升盈利能 ...

Group 1 - The core point of the article is that Suochen Technology plans to acquire 60% of the shares of Likong Technology for 192 million yuan, marking a significant asset restructuring [2][3] - The acquisition increases the share purchase from the previously planned 51% to 60%, allowing Suochen Technology to provide comprehensive lifecycle solutions from research and design to production [3] - Likong Technology has over 20 years of experience in the SCADA field, focusing on data acquisition, monitoring, real-time databases, and industrial control information security [3] Group 2 - The acquisition employs a differentiated pricing strategy, with the controlling shareholders and core management team agreeing on a transaction price of 271 million yuan for 100% equity of Likong Technology [4] - Different transaction parties have varying valuations based on initial investment costs and entry times, leading to a final valuation of 510 million yuan for certain investors and 525 million yuan for others [4] - As of September 29, Suochen Technology's stock closed at 102.89 yuan per share, with a market capitalization of 9.17 billion yuan [5]

Group 1 - The core point of the news is that Suochen Technology plans to acquire 60% equity of Likong Technology for 192 million yuan, marking a significant asset restructuring [1] - The total valuation of Likong Technology's 100% equity is set at 320 million yuan, with the acquisition proportion increased from 51% to 60% compared to a previous plan [1] - Suochen Technology specializes in the research, development, sales, and service of CAE software, while Likong Technology has over 20 years of focus in the SCADA field, covering data acquisition, monitoring, real-time databases, and industrial control information security [1] Group 2 - The core management team of Likong Technology recognizes the synergy effects post-transaction in core technology, customer resources, business collaboration, and management integration [2] - The transaction pricing for different stakeholders varies, with the total valuation for Likong Technology's 100% equity ranging from 496 million yuan to 525 million yuan based on different investors [2] - As of September 29, Suochen Technology's stock closed at 102.89 yuan per share, with a market capitalization of 9.17 billion yuan [2]

Group 1 - The core point of the article is that Suochen Technology plans to acquire a 60% stake in Likong Technology for 192 million yuan, marking a significant asset restructuring [2] - The total valuation for 100% equity of Likong Technology is set at 320 million yuan, with the acquisition percentage increased from 51% to 60% compared to a previous plan [2] - Suochen Technology specializes in CAE software development, while Likong Technology has over 20 years of experience in the SCADA field, providing solutions in data collection, monitoring, and industrial information security [2] Group 2 - The acquisition is expected to enhance Suochen Technology's ability to offer comprehensive lifecycle solutions from research and design to manufacturing, potentially leading to innovations in physical AI [2] - The transaction involves differentiated pricing, with the core management team of Likong Technology agreeing to a higher valuation of 271 million yuan for 100% equity post-acquisition [2] - Prior to the transaction, the financial investors had high valuations for Likong Technology, leading to varied pricing agreements among different stakeholders, with total valuations ranging from 496 million to 525 million yuan for 100% equity [3]

Core Viewpoint - The company, Suochen Technology, plans to acquire a 60% stake in Likong Technology for 192 million yuan, marking a significant asset restructuring move [2][4]. Group 1: Acquisition Details - The acquisition involves Suochen Technology's wholly-owned subsidiary, Shanghai Suochen Digital Technology Co., Ltd., purchasing the stake from 10 shareholders, including Ma Guohua and Tian Xiaoliang [2]. - The total valuation for 100% of Likong Technology is set at 320 million yuan, with the 60% stake priced at 192 million yuan [2]. - This acquisition increases the previously planned purchase of 51% announced on February 17, 2025, to 60% [4]. Group 2: Company Background - Suochen Technology specializes in the research, development, sales, and service of CAE software, focusing on core technology research and development [4]. - Likong Technology has over 20 years of experience in the SCADA field, providing products related to data collection, monitoring, real-time databases, and industrial control information security [4]. Group 3: Strategic Implications - The merger is expected to enable Suochen Technology to offer comprehensive lifecycle solutions from research and design to production, potentially leading to innovations in physical AI [5]. - The acquisition employs a differentiated pricing strategy, reflecting the varying valuations agreed upon by different stakeholders involved in the transaction [6]. - The core management team of Likong Technology recognizes the potential synergies in core technology, customer resources, business collaboration, and management integration post-acquisition [6]. Group 4: Market Position - As of September 29, Suochen Technology's stock closed at 102.89 yuan per share, with a market capitalization of 9.17 billion yuan [7].

Core Viewpoint - Liaoning Province is focusing on the "Digital Liaoning Intelligent Manufacturing Strong Province" initiative as a key strategy for comprehensive revitalization, leveraging digital application resources and data advantages to create a comprehensive work system that includes policy funding, service matching, AI empowerment, resource assurance, and implementation guidance [1] Group 1: Digital Transformation Initiatives - A team of 380 "Enterprise Digitalization Counselors" has been established to provide free assessments and data mapping for 8,500 enterprises in Liaoning Province [3] - The first batch of 20 key industry cluster service providers has been released, resulting in 329 typical digital service products, facilitating deep connections between service providers and enterprises [3] - A Digital Transformation Promotion Center has been built to support the establishment of innovation centers for AI empowerment and industrial digital transformation [3] Group 2: AI Empowerment - Two national new-generation artificial intelligence public computing power open innovation platforms have been utilized, resulting in 338 vertical industry solutions and 10 AI large models [3] - The Dalian Institute of Chemical Physics has developed an "Intelligent Chemical Engineer" large model to advance new chemical technologies from the laboratory to the factory [3] - Shenyang has been approved as a national data labeling base pilot, forming the Shenyang Data Labeling Industry Alliance [3] Group 3: Industrial Internet and Software Development - 65 provincial-level 5G factories have been cultivated, with 23 included in the Ministry of Industry and Information Technology's 5G factory directory [3] - 27 provincial-level "5G + Industrial Internet" pilot areas have been established, with Shenyang recognized as a national pilot city for "5G + Industrial Internet" integration applications [3] - 104 provincial-level industrial internet platforms have been developed, with notable platforms like Ansteel Yujia and Aerospace New Long March included in the Ministry of Industry and Information Technology's dual-cross platform list [3]

Core Viewpoint - The news highlights various market trends and investment opportunities in sectors such as logistics, robotics, and AI technology, emphasizing the potential for growth and strategic developments in these industries. Group 1: Logistics Industry - On July 29, the State Post Bureau held a meeting with express delivery companies to address issues of "involution" competition and illegal charges in rural areas, aiming to promote high-quality development in the industry [10]. - After acquiring Daniao, Shentong Express is expected to replace Cainiao as Alibaba's core logistics partner, with market share projected to rise to approximately 13.5%, potentially increasing parcel volume by 5% and reversing the price decline trend [10]. - Shentong Express saw a significant stock increase, with a peak rise of 19.26% [10]. Group 2: Robotics Industry - IDC predicts that the global robotics market will exceed $400 billion by 2029, with China accounting for nearly half of this market and leading with a compound annual growth rate of nearly 15% [12]. - Jinghua New Materials, a leading company in adhesive new materials, is transitioning towards high-value products and has entered the humanoid robot electronic skin sensor market, which has contributed to a stock increase of 13.33% [13]. Group 3: AI Technology - AI glasses are anticipated to become a significant carrier for AI applications, with the consumer electronics sector expected to enter a new innovation cycle [21]. - Tonglian Precision's products are positioned to meet the demands of lightweight and high-performance components for new smart devices, contributing to a stock increase of 10.9% [22].

Core Viewpoint - The industrial software sector, particularly research and design software, plays a crucial role in enhancing design efficiency, reducing costs, and achieving goals such as visualization, remote operation, and intelligent control. The market for EDA, CAD, and CAE software in China is projected to grow significantly by 2024, indicating a robust demand for these technologies in various industries [1][5][9]. Group 1: Market Size and Growth - The Chinese EDA software market is expected to reach approximately 13.59 billion yuan in 2024, up from 11.56 billion yuan in 2022, reflecting an 11.80% growth from the previous year [5][9]. - The CAD software market in China is projected to grow to around 6.07 billion yuan in 2024, increasing from 4.86 billion yuan in 2022, which represents a 15.4% growth year-on-year [7][9]. - The CAE software market is anticipated to reach about 4.92 billion yuan in 2024, up from 3.76 billion yuan in 2022, marking a 17.1% increase from the previous year [9]. Group 2: Industry Definition and Classification - Industrial software is essential for automation, information technology, and intelligent manufacturing, with research and design software being a key tool for innovation and development of new equipment [2][5]. - Research and design software includes CAD, CAE, CAM, and PLM, covering the entire lifecycle of industrial products from concept design to production and after-sales service [2][5]. Group 3: Industry Development Status - The industrial software sector is a foundational and strategic industry that significantly impacts national economic and social development [5]. - The domestic research and design software industry has established a relatively complete system, with notable companies like Zhongwang Software, Haocen Software, and Digital Dafa emerging as key players [11][17]. Group 4: Competitive Landscape - Major foreign players in the research and design software market include Dassault, Siemens, PTC, and Autodesk, which collectively hold over half of the domestic market share, particularly in high-end segments [15][16]. - Domestic companies are rapidly gaining market share, with Zhongwang and Huachen achieving significant penetration in both low-end and mature foreign markets [11][17]. Group 5: Development Strategies and Recommendations - The integration of research and design software with industrial elements is crucial for enhancing innovation capabilities and efficiency in enterprises [18]. - The industry is expected to evolve towards cloud-based, AI-driven, and domestically produced solutions, necessitating breakthroughs in core technologies and the establishment of a complete ecosystem [18].

Core Insights - The concept of "Physical AI" is introduced as a new wave in artificial intelligence, allowing machines to learn from physical laws and data without manual coding [3][4] - Physical AI can significantly enhance efficiency in various industries, such as aerospace and pharmaceuticals, by reducing design and testing time and costs [3][4] - Investment opportunities are identified in companies focused on computing power, industrial software, and materials science that can leverage Physical AI [3][4][5] Computing Power - Physical AI requires higher computing power than traditional AI, making companies like NVIDIA, which produces GPUs, central to this trend [3][4] - Domestic companies involved in computing clusters are also expected to benefit in the long term [3] Industrial Software - The integration of Physical AI with engineering simulation software is anticipated to create new opportunities for companies in the industrial simulation and CAE software sectors [3][4] Materials Science - Companies engaged in the development of new batteries and specialty materials can potentially double their research efficiency by utilizing Physical AI [3][4] Investment Horizon - The implementation of Physical AI is expected to take three to five years or longer, suggesting it is more suitable for medium to long-term investment strategies [4][5] - Historical context is provided, indicating that early investors in AI who focused on computing and algorithm companies have seen significant returns [4][5]

Group 1 - The report highlights a recovery in market valuation, particularly in the mid-cap technology sector, driven by the emergence of DeepSeek and its impact on investor confidence in Chinese tech companies [3][11] - The overall revenue and gross profit of the Sci-Tech Innovation Board have shown signs of bottoming out, indicating a potential for recovery in performance [15][17] - The report suggests that the investment scale in the equity investment market is narrowing, with structural growth observed in sectors such as semiconductors, IT, and mechanical manufacturing [32][34] Group 2 - The report recommends focusing on emerging industries and high-growth segment leaders, particularly in the context of economic recovery and structural transformation [38][40] - It identifies four key investment directions: AI+, satellite internet, low-altitude economy, and domestic substitution, emphasizing the importance of technology, demand, and policy resonance [5][79] - The AI sector is expected to experience significant growth, with a projected compound annual growth rate of 30% over the next five years, driven by advancements in large model technologies and applications [74][78] Group 3 - The satellite internet sector is positioned as a critical infrastructure for the 6G era, with significant government support and strategic planning for satellite constellations [81][87] - The report notes that the global satellite industry is a multi-billion dollar market, with revenues expected to grow significantly due to increasing demand for satellite services [94] - The low-altitude economy is highlighted as an area of future development, with infrastructure construction being a key focus [5][86]