Sinosoft

What Sinosoft does

Sinosoft Technology Co., Ltd. (中科软科技股份有限公司) is a Beijing-headquartered, publicly listed (Shanghai Stock Exchange 603927, IPO September 2019) enterprise software company founded in 1996 and affiliated with the Chinese Academy of Sciences Institute of Software. The company develops large-scale industry application software, with a dominant position in Chinese insurance IT — its property insurance core systems hold over 70% of the domestic market and its life insurance systems cover over 95% of domestic life insurers. Beyond insurance, Sinosoft serves government, healthcare, public health, banking, finance, media, energy, postal, civil aviation, transportation, and enterprise IT verticals through direct enterprise sales and partnerships with major technology vendors including Huawei and Tencent Cloud.

The company's product portfolio spans core insurance systems (property, life, health, agricultural), IFRS17 financial management, AI-driven MaaS platforms, intelligent vision (OCR/SLM) and intelligent data analytics platforms, AIOps, customer experience management, and the proprietary Zhongke Wenlan LLM (7B/32B parameters, nationally registered for generative AI services). The technology stack is built on JavaEE architecture, distributed microservices, cloud-native platforms, knowledge graphs, multi-modal data processing, OCR, and RPA, with Sinosoft maintaining the highest-tier certifications (CMMI Level 5, ISO 27001, ITSS Level 1, CS5). The company serves as both a direct solutions provider and a certified reseller for IBM, H3C, and Inspur products.

Sinosoft generates revenue primarily through custom industry application software development, system integration, professional services, and ongoing IT maintenance, with project-based pricing for enterprise engagements. In 2023, revenue was 6.503 billion yuan (software business 5.26 billion yuan) and net profit reached 655 million yuan; R&D investment was 943 million yuan (14.5% of revenue). Revenue streams include license fees, hardware/software reselling commissions, and managed services. The go-to-market is direct enterprise field sales targeting large institutional clients, supplemented by partner channels (Huawei, Tencent Cloud, local SI partners in Southeast Asia) for both domestic and international expansion.

Name

Sinosoft

Legal name

中科软科技股份有限公司

Website

https://sinosoft.com.cn

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Sinosoft (中科软科技) is a Beijing-based, publicly listed (Shanghai 603927) enterprise software company providing industry application software, AI/MaaS platforms, and system integration to insurance (95%+ of domestic life insurers), government, healthcare, and other regulated sectors.

Ownership category

akta.pro rank

Product category

Insurance IT Solutions

NAICS

Computer Systems Design Services (541512), Custom Computer Programming Services (541511), Computer Systems Design and Related Services (5415), Software Publishers (5132), Other Computer Related Services (541519)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371), Services-Prepackaged Software (7372), Wholesale-Computers & Peripheral Equipment & Software (5045)

akta.pro primary industry

ITIL/ITSM Process Consulting & Implementation (BPAEAJAB)

akta.pro secondary industries

Business Rules & Decision Management Platforms (BRMS/DMN) (HDAEAKAG), Program & Project Management (PMO) Consulting (BPAHACAL)

Keywords

• Insurance software
• Government IT solutions
• Healthcare information systems
• Enterprise application software
• AI large models

Headquarters

HQ city

Haidian

HQ country

China

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Custom Software Development & Solutions: Sinosoft generates the majority of revenue through custom industry application software development, solution design, and implementation services. In 2023, software business revenue reached 52.60 billion yuan. The company provides end-to-end services including consulting, solution design, software development, system integration, and post-sale technical support.
2. System Integration Services: Hardware and software system integration services including IT infrastructure setup, network security, data center solutions, and third-party hardware/software distribution (as agent for IBM, H3C, Inspur products).
3. IT Services & Maintenance: Ongoing IT services, maintenance, and operational support for deployed systems, including IT operation and maintenance (ITSM) services.
4. Licensing & Agent Products: Revenue from proprietary software licensing as well as commission-based reselling of third-party products (IBM, H3C, Inspur) as certified agents/partners.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Sinosoft fundamentally develops and delivers industry-specific application software and IT solutions to insurance companies, government agencies, and healthcare institutions. Its core offerings include insurance core business systems (property and life insurance), government IT solutions, healthcare information systems, and enterprise application software, supported by consulting, system integration, and technical services. The company also develops its own proprietary Zhongke Wenran large language model for AI applications.

Product overview

Sinosoft is a large-scale, specialized high-tech software enterprise offering a comprehensive platform-plus-modules product portfolio centered on industry application software development. The portfolio spans multiple industries — most prominently insurance (property, life, and health insurance core systems, accounting for 95%+ of the domestic insurance market), supplemented by government, healthcare, banking, finance, media, energy, postal services, aviation, transportation, and enterprise IT. The product architecture is organized around reference model platforms (行业应用参考模型) that unify data and processes across business domains. Core insurance offerings include the property insurance core business system (with 70%+ market share), life insurance core business system (covering all business lines including individual, group, health, and internet/cloud-based core systems), IFRS17 financial management suite, the SinoCMS cross-channel customer interaction platform, and AI-powered MaaS platforms (智动灵心 for life insurance, 财险MaaS platform) for AI model training and deployment. The company also offers sector-specific vertical AI platforms including 智瞳 (intelligent vision/OCR), 智数 (intelligent data analytics), CXM数智化体验管理, 智行 AIOps, and 慧医 (smart medical). The technology stack includes proprietary models (中科文澜LLM, vertical domain models), development tools (DevOps platform, low-code platforms), and integration middleware (SinoAll2One data exchange platform).

Differentiator

Problem solved

Functional benefit

Brands

• 中科文澜 (Zhongke Wenlan): Sinosoft's large language model and related algorithms that passed China's national algorithm filing and generative AI service registration. Based on Sinosoft's core Gen-AI technology combined with multi-domain professional datasets. Applicable to government, finance, healthcare and other industries.
• 天泰 (Tiantai)
• CXM数智化体验管理平台

Products and services

• Insurance Core Business Systems (保险核心业务系统) End-to-end insurance core business systems for underwriting, claims management, policy administration, and reinsurance management, serving major Chinese insurers including China Life, China Pacific, PICC, New China Life, and Taikang.
• Government IT Solutions (政府IT解决方案) IT solutions and information systems for central government ministries and commissions, including the Central Commission for Discipline Inspection, Ministry of Public Security, and State Administration of Taxation.
• Healthcare Information Systems (医疗卫生信息系统) Healthcare information systems, disease surveillance, and public health data management platforms for healthcare institutions and disease control agencies including China CDC.
• Zhongke Wenlan Large Language Model (中科闻歌大模型) Proprietary large language model (LLM) with 7B and 32B parameter options, designed for AI applications across insurance, government, and enterprise contexts, incorporating knowledge graph technology and multi-modal data processing.
• Enterprise Application Software (企业应用软件) Industry-specific application software for banking, finance, media, energy, postal, aviation, transportation, and other enterprise sectors, serving customers including China Development Bank, ICBC, China Construction Bank, Air China, China Eastern, Capital Airport, Xinhua, and China Post.

Quantifiable outcome

• 2023 revenue: 65.03 billion yuan; net profit: 6.55 billion yuan, up 2.59% year-over-year
• +5 more outcomes

Named customers25 records

Segments10 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability15 records

Feature8 records

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Neusoft Corporation (东软集团): Major Chinese IT services and solutions company providing industry application software across healthcare, government, automotive, and enterprise verticals. Highly comparable as a domestic IT solutions provider targeting similar regulated-industry customers with custom development and systems integration.
• Guidewire Software: Global leader in insurance core systems software serving P&C and life insurers worldwide. Directly comparable as a vendor of core insurance business systems and insurance-specific platforms, representing Sinosoft's primary international competitor in insurance IT.
• Digital China (神州数码): Major Chinese IT distribution and services company combining enterprise software distribution, cloud services, and IT solutions. Comparable business model combining third-party product distribution (like Sinosoft's IBM/H3C/Inspur reselling) with systems integration services.
• Taiji Computer Corporation (太极股份): Leading Chinese government and enterprise IT services provider serving central government agencies, defense, and SOEs with systems integration and application software. Comparable as a state-affiliated IT solutions company competing in the same government/enterprise IT procurement market.
• Inspur (浪潮信息): Leading Chinese server, cloud, and enterprise IT infrastructure provider. Sinosoft is a Silver Member partner of Inspur Power Systems. Comparable as a Chinese enterprise IT infrastructure and cloud platform provider serving government and enterprise customers.
• Yonyou Network (用友网络): China's leading enterprise software and cloud services provider focused on financial/ERP, HR, and industry vertical solutions. Comparable as a major Chinese enterprise software vendor serving regulated industries with proprietary platforms and cloud-based offerings.

Broad incumbents

• Infosys: Global IT services and consulting company providing systems integration, custom development, and application management for financial services and insurance clients. Comparable as a large-scale IT services company serving regulated industries with deep domain expertise.
• Tencent (腾讯): Chinese technology conglomerate with Tencent Cloud offering insurance and financial services solutions. Both partner and competitor — comparable as a cloud platform provider increasingly building native insurance vertical capabilities that may compete with Sinosoft.
• Huawei (华为): Global technology giant with Huawei Cloud, Ascend AI computing, and GaussDB database offerings specifically targeting the insurance industry via the Financial Partner Ecosystem. Both Sinosoft's partner AND a strategic threat as a vertically-integrated insurance IT provider.

Emerging players

• iFlytek (科大讯飞): China's leading AI and speech/NLP technology company with proprietary large language models and vertical AI applications across education, healthcare, government, and finance. Comparable as a Chinese AI platform provider targeting regulated industry verticals with proprietary models.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance15 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sinosoft