北京市中伦律师事务所 关于福建博思软件股份有限公司 2024 年年度股东大会的 法律意见书 | 一、本次股东大会的召集、召开程序 2 | | --- | | 二、出席本次股东大会人员资格 2 | | 三、本次股东大会的表决程序 3 | | 四、结论意见 6 | 北京市朝阳区金和东路 20 号院正大中心 3 号南塔 22-31 层 邮编：100020 22-31/F, South Tower of CP Center, 20 Jin He East Avenue, Chaoyang District, Beijing l00020, P.R. China 电话/Tel : +86 10 5957 2288 传真/Fax : +86 10 6568 1022/1838 www.zhonglun.com 北京市中伦律师事务所 关于福建博思软件股份有限公司 2024 年年度股东大会的 二〇二五年五月 法律意见书 致：福建博思软件股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民 共和国证券法》以及中国证券监督管理委员会（以下简称"中国证监会"）发布 的《上市公司股东会规则》的规定，北京市 ...

证券代码:300525 证券简称:博思软件 公告编号:2025-027 福建博思软件股份有限公司 2024 年年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会未出现否决议案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、会议召开时间： 现场会议召开时间：2025 年 5 月 21 日（星期三）14:30 网络投票的时间为：2025 年 5 月 21 日 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 5 月 21 日的交易时间，即 9:15-9:25、9:30-11:30 和 13:00-15:00；通过深圳证券交 易所互联网投票系统投票的具体时间为：2025 年 5 月 21 日 9:15 至 15:00 期间的 任意时间。 1 证券代码:300525 证券简称:博思软件 公告编号:2025-027 出席本次股东大会的股东及股东代表均为 2025 年 5 月 16 日下午深圳证券交 易所收市时，在中国证券登记结算有限责任公司深圳分公司登记在册 ...

上 市 公 司 公 司 研 究 / 公 司 点 评 2025 年 05 月 20 日 博思软件 (300525) ——电子凭证全国推广政策出台 报告原因：有信息公布需要点评 买入（维持） | 市场数据： | 2025 年 05 月 20 日 | | --- | --- | | 收盘价（元） | 15.91 | | 一年内最高/最低（元） | 22.44/10.83 | | 市净率 | 4.6 | | 股息率%（分红/股价） | 1.19 | | 流通 A 股市值（百万元） | 9,894 | | 上证指数/深证成指 | 3,380.48/10,249.17 | | 注："股息率"以最近一年已公布分红计算 | | | 基础数据: | 2025 年 03 月 31 日 | | | --- | --- | --- | | 每股净资产（元） | | 3.42 | | 资产负债率% | | 28.87 | | 总股本/流通 A 股（百万） | | 758/622 | | 流通 B 股/H 股（百万） | | -/- | 一年内股价与大盘对比走势： 05-20 06-20 07-20 08-20 09-20 10-20 ...

根据披露的机构调研信息2025年5月19日，泉果基金对上市公司博思软件进行了调研。基金市场数据显 示，泉果基金成立于2022年2月8日。截至目前，其管理资产规模为170.90亿元，管理基金数7个，旗下 基金经理共5位。截至2025年5月19日，泉果基金近1年回报前6非货币基金业绩表现如下所示： 基金代码基金简称近一年收益成立时间基金经理019624泉果嘉源三年持有期混合A7.882023年12月5日钱 思佳 019625泉果嘉源三年持有期混合C7.452023年12月5日钱思佳 016709泉果旭源三年持有期混合 A6.202022年10月18日赵诣 016710泉果旭源三年持有期混合C5.772022年10月18日赵诣 018329泉果思源 三年持有期混合A5.262023年6月2日刚登峰 018330泉果思源三年持有期混合C4.832023年6月2日刚登峰 附调研内容：5 月 19 日，财政部等九部门联合印发了《关于推广应用电子凭证会计数据标准的通知》 （财会〔2025〕9 号），其中明确提出了：单位配备的会计软件和会计软件服务商提供的会计软件，应 当自两项规范施行之日起 3 年内完成升级，达到适配电子凭 ...

Group 1: Investor Relations Activity - The investor relations activity involved various funds and securities companies, including Penghua Fund, Huaxia Fund, and China Life Insurance, among others [1][2]. - The meeting took place online on May 19, 2025, from 20:30 to 21:30 [2]. Group 2: Electronic Voucher Promotion Policy - The company actively responds to the notice on promoting the application of electronic voucher accounting data standards, providing comprehensive solutions for enterprises and institutions [3]. - The company offers personalized system adaptation solutions for different units, enhancing efficiency and accuracy in financial processing [3][4]. Group 3: Service Offerings - The company provides seamless integration solutions for administrative units using budget management systems, ensuring compliance with financial management standards [4]. - Platforms developed by the company support the issuance and processing of compliant electronic vouchers, enhancing data security and integrity [5]. Group 4: Professional Services and Training - A dedicated service team is established to provide technical consulting, implementation guidance, and after-sales support for various units [5]. - Training activities will be organized to improve the skills of financial and information management personnel regarding the application of electronic voucher standards [5]. Group 5: Future Development Outlook - The company plans to increase resource investment and market expansion in the electronic voucher sector, focusing on providing comprehensive solutions [6]. - The company aims to enhance its SaaS operational model and expand platform applications at provincial and municipal levels [6]. Group 6: Current Progress in Administrative Units - The company has successfully implemented electronic voucher products in the Ministry of Finance and multiple provinces, serving over 6,000 budget units and enterprises [7]. - The services cover five levels of application, including central, provincial, municipal, district, and street levels, across more than 50 cities and counties [7][8].

Group 1: AI Strategy and Business Development - The company is actively implementing its AI strategy, upgrading various product lines and exploring new business models, including AI products in healthcare, finance, and procurement [1] - The company has already secured multiple AI-related projects and aims to enhance its competitiveness through AI upgrades, while also seizing disruptive opportunities in the industry [1] - The company is optimistic about achieving revenue growth for the year despite market challenges [1] Group 2: Partnerships and Collaborations - The company is exploring further collaboration with Tencent in areas such as healthcare, C-end applications, intelligent agents, and large models, as Tencent is the second-largest shareholder [2] - The company is actively developing its commercial insurance business using AI to improve competitiveness and customer service capabilities [2] Group 3: Financial Performance and Market Challenges - The company faced challenges in 2024, including client budget adjustments and unmet market expectations, yet managed to maintain revenue growth while experiencing a slight decline in profits [2] - The company is committed to focusing on its core business and adhering to its strategic plans to navigate market difficulties [2] - The management and employee stock reduction plans are conducted in compliance with legal regulations, with efforts to mitigate negative impacts on the company's stock price [2] Group 4: Government AI Initiatives - The company is actively pursuing government AI-related business opportunities and is expected to engage in more bidding activities in the second quarter [3]

Group 1: AI Strategy and Product Development - The company actively embraces AI, focusing on a "vertical large model + intelligent body" strategy to enhance its product offerings in various sectors [2] - In the digital procurement area, the company has developed an AI solution that covers the entire procurement process, improving cost-effectiveness for clients [3] - The company is building a financial management intelligent platform for the healthcare sector, enhancing operational value and solidifying its position as a leader in AI financial management [3] Group 2: Financial Performance - In 2024, the company achieved a revenue of 214,228.86 million yuan, a year-on-year increase of 4.79%, while net profit decreased by 7.44% to 30,234.52 million yuan [4] - For Q1 2025, the company reported a revenue of 25,684.61 million yuan, a decline of 1.17%, with a net loss of 6,348.78 million yuan, down 12.79% year-on-year [4] - The company aims to enhance sustainable revenue, which accounted for 55% of total revenue in 2024, and is focusing on cost control to improve efficiency [5] Group 3: Electronic Voucher Business - The company has developed a "Medical Intelligent Collaboration Platform" for hospitals, facilitating real-time financial and business data integration [6] - Over 6,000 budget units and enterprises have utilized the company's electronic voucher accounting data standard reform services, covering multiple administrative levels across over 50 cities [7] - The company plans to deepen its electronic voucher business, aiming to expand its application in more regions and industries [7] Group 4: Human Resource Management - The company intends to control personnel size while leveraging AI to enhance productivity and support strategic goals [7] - Recruitment efforts will focus on attracting high-level talent in AI and related fields to improve the overall quality and capability of the workforce [7]

5月6日，博思软件今日收盘15.63元，上涨3.78%，滚动市盈率PE（当前股价与前四季度每股收益总和的 比值）达到40.15倍，总市值118.51亿元。 最新一期业绩显示，2025年一季报，公司实现营业收入2.57亿元，同比-1.17%；净利润-63487807.83 元，同比-12.79%，销售毛利率59.04%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)104博思软件40.1539.204.57118.51亿行业平均 116.83132.958.41117.57亿行业中值82.6783.724.0056.66亿1盛邦安全-1599.731551.032.6125.26亿2拓维信 息-1072.49-439.6917.43441.89亿3国新健康-683.19-1025.257.82106.37亿4任子行-568.73-100.816.4839.95亿 5观想科技-440.42-428.864.7637.36亿6达实智能-366.59275.302.1271.25亿7*ST汇科-218.57- 194.456.7441.21亿8延华智能-201.96-202.6610.1843.16亿9数字 ...

计算机 | 证券研究报告 — 调整盈利预测 2025 年 5 月 6 日 300525.SZ 《博思软件》20240506 中银国际证券股份有限公司 具备证券投资咨询业务资格 计算机：软件开发 证券分析师：杨思睿 买入 原评级：买入 市场价格:人民币 15.06 板块评级:强于大市 本报告要点 2024 年博思软件业绩有所下降，公司紧抓 AI 和电子凭证两条业务主线，应用场景持 续拓展，可持续收入不断提升。 股价表现 (%) 今年 至今 1 个月 3 个月 12 个月 绝对 1.8 (11.8) 3.9 16.3 相对深圳成指 3.6 (5.1) 6.4 13.0 发行股数 (百万) 758.19 流通股 (百万) 621.84 总市值 (人民币 百万) 11,418.37 (18%) (0%) 18% 36% 54% 72% May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 博思软件 深圳成指 3 个月日均交易额 (人民币 百万) 560.38 主要股东 陈航 16.68% 资料来源：公司公 ...

业绩短期承压，聚焦"AI+电子凭证"战略方向 2025 年 05 月 04 日 ➢ 事件：博思软件于 2025 年 4 月 28 日晚发布年报，2024 年公司实现营收 21.42 亿元，同比增长 4.79%；实现归母净利润 3.02 亿元，同比增长-7.44%； 实现扣非净利润 2.74 亿元，同比增长-8.95%。公司同步发布 2025 年一季报， 2025Q1 公司实现营收 2.57 亿元，同比增长-1.17%；实现归母净利润-0.63 亿 元，去年同期为-0.56 亿元；实现扣非净利润-0.66 亿元，去年同期为-0.61 亿元。 ➢ 收入增长放缓，加大 AI 投入致利润承压。在整体宏观环境面临压力的背景 下，公司以医院、财政部、预算单位为主要客户，因此在整体收入增长上面临一 定压力，2024 年、2025Q1 公司营收增速分别为 4.8%、-1.2%，增速较过往有 所放缓。另一方面，从费用投入角度看，2024 年公司销售/管理/研发费用同比变 动分别为+3.7%/+1.7%/-1.8%，整体保持了良好的费用控制。截至 2024 年末 公司员工总数达到 5914 人，同比有所增加，主要是在 AI 领域 ...