Domestic software business continues to heat up in 2023
According to the latest data released by the Ministry of Industry and Information Technology, in the first three quarters of 2023, China's software and information technology services industry (hereinafter referred to as the "software industry") maintained a stable operational situation. The business revenue of the software industry achieved double-digit growth, and the total profit maintained a rapid increase. Specifically, from January to September, China's software business revenue exceeded 87,610 billion yuan, a year-on-year increase of 13.5%. During the same period, the total profit of China's software industry reached 1,009 billion yuan, a year-on-year increase of 18.3%. At the press conference held by the State Council Information Office on October 20, spokesperson and Director of the Operation Monitoring and Coordination Bureau of the Ministry of Industry and Information Technology, Tao Qing, stated that in the first three quarters of this year, China's software and information technology services industry maintained a stable operational situation, with rapid growth in software business revenue. Key software innovations are progressing at an accelerated pace, software applications are continuously expanding, and emerging formats are achieving good results. In the next step, the Ministry of Industry and Information Technology will continue to promote the implementation of the national software development strategy, adhere to the industry development laws of application traction, innovation-driven, and ecological cultivation, and accelerate the high-quality development of the software industry. The computer team at Ping An Securities pointed out that China's digital economy is flourishing at present, and the digital economy has become a significant driving force for the country's economic development. As the foundation of the digital economy, the localization of basic software and hardware is an inevitable trend. Benefiting from the continuous improvement in China's software industry and positive expectations, coupled with strong policy support, more and more software companies are choosing to expand their financing channels through IPOs, further expanding their business scale. Currently, there are more than ten domestic software and service industry enterprises in line for IPO, and recently listed Haochen Software has gradually broken the foreign monopoly on 2DCAD core technology, with significant potential for "domestic substitution." In addition, Hansen Software and Bairen Data, both rated as national-level specialized and new "little giants," have completed counseling registration at the China Securities Regulatory Commission and have successively initiated listing counseling.
