2025年上半年公司营业收入为56.22亿元，营业收入增长率为-1.76%，归属母公司净利润为2.44亿元，归 属母公司净利润增长率为-15.78%。 同壁财经讯，企查查数据显示，根据《湖北银行第三次系统设备和软件采购项目中标结果公告》，东华 软件股份公司于2026年1月16日公告中标湖北银行股份有限公司采购项目，中标金额为193.50万元。 相关上市公司：东华软件(002065.SZ) 同壁财经小贴士： 东华软件（002065.SZ）2024年营业收入为133.23亿元，营业收入增长率为15.61%，归属母公司净利润 为5.00亿元，归属母公司净利润增长率为13.98%，净资产收益率为4.29%。 同壁财经小贴士： 东华软件（002065.SZ）2024年营业收入为133.23亿元，营业收入增长率为15.61%，归属母公司净利润 为5.00亿元，归属母公司净利润增长率为13.98%，净资产收益率为4.29%。 2025年上半年公司营业收入为56.22亿元，营业收入增长率为-1.76%，归属母公司净利润为2.44亿元，归 属母公司净利润增长率为-15.78%。 目前公司属于信息技术行业，主要产品类型为ERP软 ...

Summary of Key Points from Conference Call Records Industry Overview - The conference call discusses the **domestic software industry** in China, particularly focusing on the **localization of key software** and the **信创 (Xinchuang) industry** which is expected to accelerate by 2026 due to government mandates [1][4][3]. Key Software Localization - The **localization rate** of domestic operating systems in the government sector has reached **65%**, but the overall rate is only **4.55%**. By the end of 2025, the localization rate in the government sector is expected to exceed **80%**, with a market size of over **1 trillion yuan** [1][6]. - The **localization rate** for databases is low across various industries, with financial non-core systems at **40%**, energy at **15%**, and many sectors below **5%**. The domestic database market is projected to reach **668 billion yuan** by 2025, growing to over **800 billion yuan** by 2027, with a compound annual growth rate (CAGR) of approximately **12%** [1][9]. - Middleware localization has increased to **45%**, with financial, telecommunications, and government sectors exceeding **70%**. The middleware market is expected to reach **160 billion yuan** by 2025, with a year-on-year growth rate of **17%** in 2023 [1][11]. Market Dynamics - The **Office software** localization rate in the government and civilian B-end is around **40%-50%**, with Kingsoft WPS holding a significant market share. The government sector has achieved **100% localization** [1][14]. - The **ERP market** has the highest localization rate among industrial software, exceeding **70%**. The market size is expected to be around **500-600 billion yuan** by 2025, growing at **10%-15%** annually [1][17]. - The **R&D design software** sector, including EDA, CAD, and CAE, has low localization rates of **10%-15%** for EDA and CAE, and **25%-30%** for CAD. The market space for these segments is significant, with EDA alone estimated at **120-140 billion yuan** [1][19]. Company Performance and Valuation - Representative companies in the **database sector** include **达梦数据 (Dameng Data)**, with a projected PS ratio of **22x** in 2025, and **太极股份 (Taiji Co.)**, with a PS ratio of **1.9x** [1][10]. - In the **middleware sector**, companies like **宝兰德 (Baolande)** and **普元信息 (Puyuan Information)** are highlighted, with PS ratios of **8.94x** and a competitive market landscape [1][12]. - The **R&D design software** companies are experiencing varied growth rates, with **华大九天 (HuaDa JiuTian)** expected to grow by **20%** due to reliance on a single client, while others like **广立微 (Guangliwei)** are expanding rapidly [1][21]. Regulatory Impact - The **79th document** from the State-owned Assets Supervision and Administration Commission mandates that state-owned enterprises complete the localization of information systems by **2027**, which is expected to drive significant growth in the domestic software market [1][4]. Conclusion - The conference call emphasizes the rapid development and localization of key software in China, driven by government policies and market demand. The potential for growth in various software sectors, particularly in databases, middleware, and ERP systems, presents significant investment opportunities. The performance of leading companies in these sectors indicates a robust market environment, despite challenges in localization rates across certain software categories.

*本文为评论员投稿，不代表环球旅讯立场 在一次中国航协代理人协会的讨论中，我直截了当的表示疫情给代理人朋友们带来的唯一的好处是时 机。就是当下，代理人收回了大量的欠款，短期内又不会出现新的垫资。 如果说现在要思考想做些什么，其实最值得思考的是当时自己还要不要在一个即将被直销全面取代的行 业里面继续挣扎。 讽刺的是，五年多过去了，NDC和ONE ORDER的成就算不上杰出。代理人还继续存在，TMC虽然也算 不上好，但是也还在勉强坚持着。但是这位"门口的野蛮人"却先倒下了。 为什么先倒下的是他？因为跳出航空圈子一段时间了，我想我现在的直观感受可以代表一部分用户。 费控软件其实解决的核心问题是报销，报销的核心问题是两个：一个是出行行为和报销行为之间的关联 性；第二个便是报销行为本身的合规性。第一个要求出差的申请和出差的报销必须在同一个系统里面完 成。第二个主要是解决支付和支付凭据的匹配问题。 最近几天，听说了费控行业龙头企业元年科技"破产"的传闻，我毫不意外，但是却唏嘘万千。 初次和元年科技接触是2018年，我在航空公司主持信息化建设的时候，元年科技曾经是我们费控软件的 候选供应商之一。那是一个对技术极其崇拜的年代 ...