Core Viewpoint - The company has successfully implemented its backup product i2Backup V9 in the banking sector, specifically replacing Veritas NetBackup in projects like that of the Industrial and Commercial Bank of China [1] Group 1 - The i2Backup V9 product is currently being adopted in the banking industry [1] - The company is committed to adhering to disclosure regulations and will timely disclose business updates [1]

Group 1 - The company reported a revenue of 84.35 million yuan for the first half of 2025, representing a year-on-year growth of 0.93% [1] - Research and development investment reached 50.46 million yuan, accounting for 59.83% of total revenue [1] - The company launched its latest backup product, i2Backup V9, which significantly enhances the efficiency of data backup and recovery for large systems [1] Group 2 - The company has expanded its overseas marketing team and achieved breakthroughs in compliance, product compatibility, and channel expansion [2] - A new international headquarters office was established in Kowloon Bay, Hong Kong, marking a significant step in the company's global layout [2] - The company is collaborating with strategic partners to build industry solutions and is involved in developing financial technology standards [2]

Core Insights - The company, Shanghai Yingfang Software Co., Ltd., reported a revenue of 84.35 million yuan for the first half of 2025, marking a year-on-year growth of 0.93% [1] - Research and development investment reached 50.46 million yuan, accounting for 59.83% of total revenue [1] - The company has solidified its position as the leading provider in China's disaster recovery software market, surpassing foreign competitors [1] Group 1 - The company launched its latest backup product, i2Backup V9, which significantly enhances the efficiency of data backup and recovery for large systems [1] - The new product has enabled major state-owned banks to fully replace foreign backup systems, ensuring data security and autonomy for clients in finance, government, energy, and central enterprises [1] - The company received multiple honors, including being recognized as a "Digital Security Top 100 Leader" [1] Group 2 - The company is expanding its overseas marketing team and has made breakthroughs in compliance, product compatibility, and channel expansion [2] - A new international headquarters office was established in Kowloon Bay, Hong Kong, marking a significant step in the company's global strategy [2] - The company is collaborating with strategic partners to build industry solutions and is enhancing technical compatibility with over ten enterprises, including Huawei and Tencent Cloud [2]

Core Viewpoint - The competition in China's software industry is shifting from price-performance to functionality, reliability, and platform compatibility, driven by the increasing demand for data in the AI era [1] Group 1: Industry Trends - Domestic enterprises are prioritizing the use of domestic servers and databases due to concerns over self-control and information security, marking a new trend in the market [1] - The data protection software market in China is experiencing a significant shift towards domestic products, with a high market share of foreign products previously [1][2] - The disaster recovery market in China is projected to grow from 5.69 billion yuan in 2023 to 9.27 billion yuan by 2028, indicating a robust growth trajectory [2] Group 2: Company Developments - Yingfang Software has launched a new backup system, i2Backup V9, designed for complex IT environments, which integrates unified management, intelligent scheduling, full platform compatibility, high scalability, and security [1] - i2Backup V9 has been successfully deployed at the Industrial and Commercial Bank of China, replacing a foreign backup system and ensuring stable protection of petabyte-level core financial data [2] - The product is fully compatible with mainstream domestic hardware platforms such as Feiteng, Kunpeng, and Longxin, as well as major domestic databases and operating systems [2] Group 3: Market Insights - The average compound annual growth rate of China's disaster recovery industry from 2015 to 2020 was 21.86%, with the market size expected to reach 51.84 billion yuan by 2025 [2] - The recognition of data as a critical asset has increased among enterprises, with data now seen as integral to business logic and decision-making processes [3] - Current legal regulations have established clear guidelines for data protection, emphasizing the importance of safeguarding specific types of data [3]

Core Insights - The Chinese disaster recovery market is projected to grow from 5.69 billion yuan in 2023 to 9.27 billion yuan by 2028, indicating a strong demand for data security and disaster recovery solutions [2] - The average compound annual growth rate (CAGR) of the disaster recovery industry in China from 2015 to 2020 was 21.86%, with expectations to reach 51.84 billion yuan by 2025 [2] - The launch of i2Backup V9 by the company aims to provide a comprehensive data protection solution, having already been successfully deployed at major financial institutions [3][4] Company Developments - The company has introduced i2Backup V9, which integrates unified management, intelligent scheduling, and high compatibility across platforms, marking a significant advancement in data backup technology [3] - The company emphasizes its commitment to developing standardized, usable products that cater to both domestic and international markets, moving beyond mere replication of existing solutions [4] - The company reported a total revenue of 190 million yuan for 2024, a decline of 21.65% year-on-year, alongside a net loss of 28.59 million yuan [5] Industry Trends - The digital economy in China reached 53.9 trillion yuan in 2023, with a growth rate of 3.7%, and is expected to expand further, indicating a robust market for software and information technology services [5][6] - The domestic software and information technology service industry is projected to achieve a software business revenue of 1.37276 trillion yuan in 2024, reflecting a year-on-year growth of 10% [5] - The domestic disaster recovery software market is anticipated to grow significantly as the trend of replacing imported software with domestic alternatives continues [6][7]