Core Insights - The company, Runhe Software, held a targeted investor meeting on November 4, 2025, to discuss its business layout, innovation progress, and future plans with various institutional investors [1][2]. Business Layout - Runhe Software operates in two main segments: 1. Technical services, primarily project-based and time-based, covering financial technology, smart IoT, and smart energy information systems, with financial technology accounting for over 50% of total revenue. The company has established a strong presence with six major state-owned banks, twelve joint-stock banks, and over 280 small and medium-sized financial institutions [3]. 2. Innovative business focusing on open-source HarmonyOS, open-source Euler, and AI, which are seen as new growth engines. The company reported a stable revenue growth of 12.86% year-on-year for the first three quarters of 2025 [3]. Innovation Focus - The company has developed a one-stop solution for HarmonyOS applications, successfully implementing projects in the banking sector and other verticals such as cultural tourism and government services [4]. - In the AI sector, Runhe Software has established a "hardware + software" product matrix, including the IntelliCore AI computing unit and the AIRUNS intelligent hub, which manages the entire lifecycle of AI models [5]. Industry Leadership - Runhe Software's "Runzhi," "Runshi," and "Runxing" large model matrix has been recognized, with "Runzhi" being listed among the "Top 30 Chinese Large Models of 2025." The company has also launched the "Runwu AI Financial Testing Agent" to facilitate digital transformation in the financial sector [6]. Commercialization Efforts - The company has achieved significant commercial applications in open-source Euler, obtaining over 160 compatibility certificates and successfully deploying solutions in finance, energy, and safety sectors. Additionally, its AI robots have been introduced in Japan for customer service in 4S stores [7]. Personnel Strategy - Runhe Software is implementing a personnel strategy focused on "controlling scale and optimizing structure," limiting growth in traditional technical services while directing resources towards innovative business areas to enhance industry capabilities [8]. Future Plans - The company aims to continue focusing on innovative directions such as trusted computing and AI, leveraging its industry experience and advantages in domestic operating systems and AI technologies. It plans to increase R&D investment and pursue productization and platformization for high-quality development [9].