Group 1 - The company, Lingzhi Software (688588.SH), plans to acquire 100% equity of Kaimiride from 20 counterparties through a combination of issuing shares and cash payment, while also raising supporting funds [1] - Kaimiride is a leading financial IT supplier in China's capital market, providing integrated solutions and services for banks and securities firms in areas such as fund trading, risk management, liquidity management, digital transformation, and AIGC [1] - Post-transaction, Kaimiride will become a wholly-owned subsidiary of Lingzhi Software, which is expected to enhance the company's revenue and net profit attributable to shareholders, while increasing the domestic revenue share and reducing reliance on the Japanese market [1] Group 2 - The transaction will improve the company's responsiveness to domestic financial institutions' needs for core system localization and data security, thereby enhancing its comprehensive service capabilities and market competitiveness in the financial information technology sector [1]

Group 1 - The company, Lingzhi Software (688588.SH), plans to acquire 100% equity of Kaimiride from 20 counterparties through a combination of issuing shares and cash payments, while also raising supporting funds [1] - Kaimiride is a leading financial IT supplier in China's capital market, providing integrated solutions and services for banks and securities firms in areas such as transaction management, risk management, liquidity management, digital transformation, and AIGC [1] - Upon completion of the transaction, Kaimiride will become a wholly-owned subsidiary of Lingzhi Software, which is expected to enhance the company's revenue and net profit attributable to shareholders [1] Group 2 - The acquisition will increase the domestic revenue share of Lingzhi Software and reduce its reliance on the Japanese market, thereby mitigating associated risks [1] - The transaction will improve the company's responsiveness to the domestic financial institutions' needs for core system localization and data security, enhancing its comprehensive service capabilities and market competitiveness in the financial technology sector [1] - The company's stock is scheduled to resume trading on November 11, 2025 [1]

Group 1 - The core point of the article is that Lingzhi Software announced a board meeting to discuss the issuance of shares and cash for asset acquisition, along with fundraising compliance with relevant laws and regulations [1] - For the year 2024, Lingzhi Software's revenue composition is 99.74% from software and information technology services, and 0.26% from other businesses [1] - As of the report, Lingzhi Software has a market capitalization of 7.1 billion yuan [1]

Core Viewpoint - Lingzhi Software (688588) announced a major asset restructuring plan to acquire 100% equity of Kaimiride from 20 counterparties, including Shamuide and Raoqi, through a combination of share issuance and cash payment, with the final transaction price yet to be determined [1] Group 1: Company Strategy - The acquisition aims to enhance the domestic revenue share of Lingzhi Software and reduce reliance on the Japanese market [1] - The transaction is expected to improve the company's responsiveness to the needs of domestic financial institutions regarding core system localization and data security [1] Group 2: Market Impact - Lingzhi Software's stock will resume trading on November 11 following the announcement of the restructuring plan [1]

股票代码：688588 股票简称：凌志软件 上市地点：上海证券交易所 苏州工业园区凌志软件股份有限公司 发行股份及支付现金购买资产 并募集配套资金暨关联交易预案 | 项目 | 交易对方名称 | | --- | --- | | 发行股份及支付 | 苏州夏姆瑞德企业管理中心（有限合伙）、饶谿、苏州夏姆洛克企业管 | | | 理中心（有限合伙）、苏州夏姆森德企业管理中心（有限合伙）、董昆 | | | 林、阚伟、冯海涛、上海琵特信息科技合伙企业（有限合伙）、苏州汇 | | | 曦股权投资中心（有限合伙）、苏州金灵创业投资合伙企业（有限合伙）、 | | 现金购买资产 | 江苏高投毅达中小贰号创业投资合伙企业（有限合伙）、刘茜、常州希 | | | 扬凯欣创业投资中心（有限合伙）、上海轩鉴投资中心（有限合伙）、 | | | 常州希扬璞信创业投资合伙企业（有限合伙）、朱梅芳、东莞希扬创业 | | | 投资合伙企业（有限合伙）、上海普扬创业投资中心（有限合伙）、杨 | | | 希、李红玉 名交易对方 20 | | 募集配套资金 | 不超过 35 名符合条件的特定对象 | 签署日期：二零二五年十一月 苏州工业园区凌志软件股份有限 ...

因筹划发行股份及支付现金购买资产并募集配套资金事项,本公司的相关证券停 复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | | 停牌起始日 | 停牌 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 期间 | | | | 688588 | 凌志软件 | A 股 | 复牌 | | | 2025/11/10 | 2025/11/11 | 一、停牌事由和工作安排 证券代码：688588 证券简称：凌志软件 公告编号：2025-061 苏州工业园区凌志软件股份有限公司 关于披露发行股份及支付现金购买资产 并募集配套资金暨关联交易预案的一般风险提示 暨公司股票复牌的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 证券停复牌情况：适用 根据上海证券交易所的相关规定，经公司申请，公司股票（证券简称：凌志 软件，证券代码：688588）将于 2025 年 11 月 11 日（星期二）开市起复牌。 鉴于本次 ...

股票代码：688588 股票简称：凌志软件 上市地点：上海证券交易所 苏州工业园区凌志软件股份有限公司 发行股份及支付现金购买资产 并募集配套资金暨关联交易预案（摘要） | 项目 | 交易对方名称 | | --- | --- | | 发行股份及支付 | 苏州夏姆瑞德企业管理中心（有限合伙）、饶谿、苏州夏姆洛克企业管 | | | 理中心（有限合伙）、苏州夏姆森德企业管理中心（有限合伙）、董昆 | | | 林、阚伟、冯海涛、上海琵特信息科技合伙企业（有限合伙）、苏州汇 | | | 曦股权投资中心（有限合伙）、苏州金灵创业投资合伙企业（有限合伙）、 | | | 江苏高投毅达中小贰号创业投资合伙企业（有限合伙）、刘茜、常州希 | | 现金购买资产 | 扬凯欣创业投资中心（有限合伙）、上海轩鉴投资中心（有限合伙）、 | | | 常州希扬璞信创业投资合伙企业（有限合伙）、朱梅芳、东莞希扬创业 | | | 投资合伙企业（有限合伙）、上海普扬创业投资中心（有限合伙）、杨 | | | 希、李红玉 20 名交易对方 | | 募集配套资金 | 不超过 35 名符合条件的特定对象 | 签署日期：二零二五年十一月 苏州工业园区凌志软件 ...

独立董事专门会议 关于公司发行股份及支付现金购买资产并募集配套资金暨关联交易 相关事项的审核意见 苏州工业园区凌志软件股份有限公司（以下简称"上市公司"、"公司"） 拟通过发行股份及支付现金的方式购买凯美瑞德（苏州）信息科技股份有限公司 100%股权，并募集配套资金（以下简称"本次交易"）。 苏州工业园区凌志软件股份有限公司 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司重 大资产重组管理办法》《上市公司证券发行注册管理办法》《上市公司独立董事 管理办法》《上海证券交易所科创板股票上市规则》《上市公司监管指引第 9 号——上市公司筹划和实施重大资产重组的监管要求》等有关规定，公司第五届 董事会第一次独立董事专门会议审议通过了拟提交公司第五届董事会第六次会 议审议的《关于公司发行股份及支付现金购买资产并募集配套资金符合相关法律、 法规规定的议案》等与本次交易事宜相关议案，并发表审查意见如下： （一）根据《中华人民共和国公司法》《中华人民共和国证券法》《上市 公司重大资产重组管理办法》《上市公司证券发行注册管理办法》《上市公司监 管指引第 9 号——上市公司筹划和实施重大资产重组的监管要求》《上海 ...

Core Insights - The securities IT industry is experiencing revenue pressure and profit differentiation as companies transition into a critical transformation phase [1][2] - The competitive landscape shows a trend of increasing concentration among leading firms, with traditional B-end leaders like Hengsheng Electronics dominating the market [1][2] - The decline in asset management IT business revenue since Q2 2025 indicates a significant impact from tightened budgets of financial institutions [1] Revenue and Profitability - In the first three quarters of 2025, Hengsheng Electronics reported the highest revenue at 3.49 billion yuan, followed by Jinzhen Co. at 1.77 billion yuan, and Yingshisheng at 937 million yuan [2] - Jinzhen Co. experienced the largest revenue decline of 49.08% year-on-year, while Hengsheng Electronics saw a 16.66% decrease [2] - In terms of net profit, Hengsheng Electronics achieved 455 million yuan, a year-on-year increase of 2.16%, while other companies like Lingzhi Software and Yingshisheng reported significant losses [3] Gross Margin and R&D Expenses - Top companies maintain stable gross margins, with Top Point Software at 71.1% and Hengsheng Electronics at 69% [3] - R&D expenses remain high across the industry, with Hengsheng Electronics allocating 43.51% of its revenue to R&D, impacting overall profitability [3] Market Trends and Demand - The industry is shifting from a "universal growth" phase to a "differentiation" phase, with companies that have mature product capabilities and advantages in AI technology gaining market attention [4] - Recent policies are driving the upgrade of brokerage systems and accelerating the integration of technology into business models [5][6] - The demand for system upgrades is fueled by the need for domestic system transformation and the ongoing evolution of core systems among leading brokerages [7][8] AI and Domestic Upgrades - The application of AI models is reshaping the demand structure for financial institutions, with companies like Dongwu Securities leveraging AI to enhance services [8] - Despite the push for domestic upgrades, the investment in other business areas by brokerage firms remains inconsistent [8]

Core Viewpoint - The announcement details the results of share reductions by major shareholders of Suzhou Industrial Park Lingzhi Software Co., Ltd, indicating significant changes in shareholding structure and potential impacts on stock performance [1][4]. Shareholder Holdings Overview - As of July 16, 2025, major shareholders include: - Shanghai Huada Qifu Enterprise Service Center (Limited Partnership) holds 13,128,719 shares, accounting for 3.28% of total shares - Shanghai Daying Zhihui Enterprise Service Center (Limited Partnership) holds 16,522,766 shares, accounting for 4.13% of total shares (with 600,000 shares lent out without ownership transfer) - Shanghai Huafu Zhihui Enterprise Service Center (Limited Partnership), now renamed as Peixian Huafu Zhihui Enterprise Service Center (Limited Partnership), holds 10,830,975 shares, accounting for 2.71% of total shares [2]. Reduction Plan Implementation Results - The reduction plan results as of November 5, 2025, are as follows: - Huada Qifu reduced 1,076,000 shares, representing 0.2690% of total shares - Daying Zhihui reduced 3,186,917 shares, representing 0.7967% of total shares - Huafu Zhihui reduced 3,210,000 shares, representing 0.8025% of total shares [4][6]. Compliance with Reduction Plan - The actual reductions align with the previously disclosed reduction plans, confirming that the minimum reduction quantities were met and the plan was not terminated early [5][6].