HK Stock Market Move | INSPUR DIGI ENT(00596) rose more than 9% in early trading. The company is expected to usher in a peak period of comprehensive replacement. The company continues to promote domestic replacement with management software.

INSPUR DIGI ENT (00596) rose more than 9% in the morning, up 6.41% to HK$3.82 by the time of publication, with a trading volume of HK$15.0384 million. On the news front, document 79 issued by the State-owned Assets Supervision and Administration Commission in 2022 clearly stated the goal of achieving 100% substitution of indigenous innovation by central state-owned enterprises by 2027. Huatai pointed out that 2027 is an important milestone for the completion of indigenous innovation substitution, as the deadline approaches, both party-government innovation and industry innovation are expected to enter a peak period of comprehensive replacement. It is reported that the actual controlling entity of INSPUR DIGI ENT is the Shandong Provincial State-owned Assets Supervision and Administration Commission, with its parent company being Inspur Group. Haitong previously pointed out that the company has strong competitiveness in the central state-owned enterprises and large enterprise markets. With the rapid development of new technologies such as cloud computing and AI, the company continues to invest in research and development innovation, comprehensively upgrading the Haiyue software product system, helping enterprises with digitalization and intelligent transformation, and continuously promoting the process of domestic substitution for ERP and other management software.