Inspur Software (600756.SH) Hot Analysis: Driving Factors and Attention Value

Inspur Software (600756.SH), an IT service enterprise controlled by the State-owned Assets Supervision and Administration Commission (SASAC) of Shandong Province, has recently become a market hotspot due to multiple factors [0]. From November 17 to 18, 2025, the company’s stock price rose by the daily limit consecutively, with a cumulative increase of 21.01% [5]. On November 18, the closing price was 21.66 yuan, with a total market value of 7.573 billion yuan [0]. Its core driving factors include:

1. AI Government Affairs Technology Breakthrough
   : The company’s “Lingxi Youyan” large model platform has promoted the implementation and application of AI government affairs intelligent agents in more than 50 benchmark projects [5];
2. State-owned Asset Increase
   : Shandong SASAC has continued to increase its holdings, with a cumulative increase of 14.9354 million shares, sending positive signals [0];
3. Policy Favorable
   : The policy for digital government construction has been intensified, and the company has been deeply engaged in this field for 30 years, leading in industry status [0];
4. Market Hotspot
   : The AI application theme is active against the trend and has become the focus of market attention [4][7].
   Financially, in the first nine months of 2025, the revenue was 727 million yuan, and the net profit attributable to the parent company was -211 million yuan, but the Q3 performance was outstanding, showing signs of business improvement [0].

The synergistic effect of cross-domain factors is significant: under the background of state-owned enterprise reform, state-owned asset support [1], the implementation of AI technology in the government affairs field [5], and the continuous promotion of digital government policies [0], the three form resonance, promoting the company’s valuation to rise. In addition, the company’s long-term accumulation (30 years) in the digital government field enables it to quickly capture policy dividends, and has a first-mover advantage compared with emerging enterprises [0].

• Risk
  : The current net profit is negative, so attention should be paid to the progress of profit improvement [0]; The AI concept sector fluctuates greatly, and the high short-term increase may bring callback pressure [4][7].
• Opportunity
  : The policy dividends of digital government construction continue to be released [0]; The application scenarios of AI government affairs continue to expand, and the project implementation of the company’s “Lingxi Youyan” model is expected to be converted into revenue growth [5]; The state-owned background provides support for the company to obtain large-scale projects [0].

The recent rise of Inspur Software is mainly driven by AI government affairs breakthroughs, state-owned asset increases, and favorable policies, and the market heat of AI application concepts has further amplified its performance [0][5][7]. Although the company currently has a net profit loss problem, the Q3 business improvement and long-term policy trends provide support for its future development. Investors need to comprehensively consider short-term market sentiment and long-term fundamental factors, and pay attention to subsequent project implementation and changes in profitability [0][5].