On May 18, Inspur Group held a press conference in Beijing with the theme of “Professional Innovation Opportunities” and solemnly unveiled GS's next-generation enterprise management software product - Inspur GS5.2. On the basis of integrating the advanced management models of Chinese group enterprises, GS5.2 thoroughly applies the SOA architecture, combines cutting-edge technologies such as virtualization and cloud computing, etc., and is designed and developed entirely based on the Wave GSP platform, covering 12 key applications, and providing corresponding industry solutions and IT service solutions for 30 key industries. The release of Inspur GS5.2 and industry solutions marks the transition of high-end applications of Inspur enterprises from group control to in-depth application, and from platform products to industrialization and service. We believe that this wave hopes to enter the high-end domestic management software market through GS5.2 products. Currently, the market is mainly dominated by SAP and Oracle. In recent years, leading domestic management software companies, Youyou and Kingdee, have also continued to enrich their high-end product line, which shows the attractive development prospects of this market, but at the same time reflects the intense competition pattern in this market. Whether Wave Software can gain a foothold in the high-end management software market will still take time to test. In view of the current high valuation level of the company, we recommend investors to wait and see; we will closely follow the marketing of the company's new products.