Inspur Software (600756) Strong Performance Analysis: AI Government Affairs Driver and Market Hotspot Impact

Inspur Software (600756) is a listed company focusing on software development and government informatization [0]. Recently, its entry into the strong stock pool is mainly driven by the hotspots in the AI government affairs and digital government sectors [1]. The company’s AI application layout in the government informatization field aligns with the market’s speculation on the AI agent concept [3]. Although its net profit in the first three quarters of 2025 was a loss of 211 million yuan [0], the market is more concerned about its AI business potential. From November 17 to 18, the company’s stock price hit consecutive daily limits [2], with a cumulative deviation of more than 20%, triggering an announcement on abnormal stock trading fluctuations [4].

1. Deviation between Concept and Fundamentals
   : Despite poor fundamentals (losses in the first three quarters), the strong market enthusiasm for the AI government affairs concept has pushed up the stock price, reflecting the current market’s preference for tech concepts [0][1].
2. Sector Linkage Effect
   : The internet and software services sectors have been active recently [2]. Coupled with the expected industry prospects of AI agents (market size exceeding 100 billion yuan by 2026 [3]), they jointly support the stock price performance.

• Weak Fundamentals
  : The company reported losses in the first three quarters of 2025, and its sustained profitability is in doubt [0].
• Regulatory Attention
  : Consecutive daily limits triggered an abnormal fluctuation announcement; caution is needed for short-term correction risks [4].
• Concept Speculation Retreat
  : If the AI sector’s enthusiasm cools down, the stock price may face significant pressure [3].

• Potential of AI Government Affairs Track
  : Digital government construction continues to advance, and the company’s relevant layout may benefit from policy dividends [1].
• Sector Rotation Opportunities
  : If the software services sector remains active, there may still be short-term trading opportunities [2].

Inspur Software’s strong performance is mainly driven by the hotspots in the AI government affairs and digital government sectors, with obvious characteristics of concept speculation. Investors need to pay attention to the risk of deviation between fundamentals and stock price, while monitoring the development of the AI agent industry and the sustainability of the sector.