Financial Crisis Of Domestic Software Market Is Still Stable

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In the current context of European and American financial crisis, domestic demand as the starting point of the domestic Software Product markets, less affected by financial turmoil, the industry higher than the average level of the economy, demand is determined.



Business climate index from the comparison chart you can see the trend, despite a decline, information transmission, computer services and software industry boom is still significantly better than the general level of business, less affected by the financial turmoil. fiber optic outdoor lighting

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Low-end market, the value of small business software tools that can replace manual operation, in which the greatest demand for financial software, followed by sales of software. Such as real estate industry, the core competitiveness of land resources and connections to the real estate business requires only a small financial software to do accounts and sales software flats for sale. When the economy slackens, such demand will slow down, first do not buy the software, the first artificial withstand. Moreover, the small business anti-risk ability, easy to collapse, such customer is not the point.



Mid-market, medium-sized enterprises need to understand the software, and some have purchased the software may use any inconvenience, companies have to re-select the software needs. Such customers less price sensitive. Enterprise needs to purchase software in addition to cost control, as well as standard management of demand, optimizing and curing processes. Mid-market and regional characteristics of great relevance, financial crisis, Dongguan, Wenzhou and other areas of concentration of export-oriented enterprises, some purely OEM and export-oriented companies suffered the greatest impact; but relatively small impact on inward-looking enterprise the software still needs more.



High-end market, the current market environment is good than bad. Two types of high-end market, one with state owned or public company background, the background of two non-state owned non-listed companies. From the perspective of the SASAC, to push the regulatory system, internal control should be the norm. Such as Citic Pacific incident, if there is monitoring software to control it all up and out of each fund, it will not go wrong. The more the financial crisis, the more the larger environment is not good, the more of these needs. Background for non-state non-listed companies also face risk prevention, facing decentralization and centralization conglomerates issues, such as holding some private medical groups, integrated a number of pharmaceutical companies, to build a medical platform, the biggest worry is the boss subsidiary 100% holding, but subsidiaries of the business can not see, they need management software to monitor business.



Management software can be an accurate accounting of the costs to achieve the objective of saving money in the face of financial crisis, domestic enterprises are actively respond to IT investment as companies remove the current instability, an important means of digestion costs.



In ERP growth, Chinese companies use information technology also have some misgivings about the choice, many companies are on the "not on the ERP is to die, the ERP is to court death," the fear and waiting to see; but now many companies have recognized the information is the necessity, ERP has a pragmatic way into practical application; customers more mature, more attention to product quality of service, the "price war" has been easing, the market showed steady growth in demand.



Popular in the ERP era, the leading domestic manufacturers to drive the industry chain development: the product easier to use, rapid implementation by greatly reducing costs; corporate governance and general improvement in information technology, ERP implementation is generally successful, as the ERP in China's rapid laid the foundation for development.



ERP in China is relatively high trend rate of growth, market growth driven by the needs of users of information technology upgrade. Domestic ERP into the universal time, the large ERP vendors have so entered the harvest season. Suppliers are mature products, through constant propaganda, driving clients to recognize that the benefits of ERP, prices based on customer size and the amount of demand into different packages, to provide similar packages of services, the entire industry into a virtuous cycle phase. ERP software into the mainstream, and gradually set on the molding kit products, including the ERP, financial, CRM, SCM and so on, the user will own all the software implementation of the management.



UFIDA (600 588) UFIDA customer base better, users of 60 million people, more high-end customers. In high-end developments in the field is gradually accelerated, high-end business management software, after years of investment and training to achieve high growth after the company's R & D more quickly reflect market and customer needs, more than foreign competitors services in place.



Software industry mergers and acquisitions have become more active, as the industry's leading enterprise, we are optimistic about the company's opportunities in the industry consolidation; 2009 U9 promotion, will be important to the company's growth momentum.



Not consider the impact of investment returns and mergers and acquisitions, the company's main business will continue to maintain 30% growth, sustained business growth and good cash flow that we believe that the reasons should be given a higher valuation. We forecast EPS in the company were 0.86,1.14 2008,2009 dollars.



Aerospace Information (600 271) Space information has long been the "Golden Tax Project", "Golden Card Project", "Golden Shield" and other national key projects of the major stakeholders, is the security of VAT invoices tax control system and a major supplier of auxiliary equipment . Company licensed by the government to establish the threshold to block out competitors in the field of security tax control system is a monopoly.



Support anti-counterfeiting tax control system users expect long-term growth policy is very clear, the company also will be the beneficiaries of tax reform: a higher value-added tax transformation on the collection and management requirements, there is replacement demand, while reducing the taxpayer the threshold, the user base expansion, and is industry-wide application.



2009 real fiscal cash register market will gradually start, the company is expected to get 10% market share. Golden Tax Network Value of the initial manifestation of non-tax-business will continue its rapid development. The company stock is still a good margin of safety with only more determined to consider the policy expectations, we expect EPS in the company were 0.95,1.15 2008,2009 dollars.