股票简称：用友网络 股票代码：600588 编号：临 2024-065 用友网络科技股份有限公司 关于控股股东一致行动人部分股份质押展期及补充质押的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 一、公司股份质押展期及补充质押情况 1、本次股份质押展期及补充质押基本情况 三、资金偿还能力及相关安排 | | 是否为 | | 是否为限 售股（如 | 是否 | | | | | 占其所 | 占公司 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 本次质押/ | | | 质押起始 | 原质押到 | 展期后到 | | 持股份 | 总股本 | 质押融 | | 股东名称 | 控股股 | 展期股数 | 是，注明 | 补充 | 日 | 期日 | 期日 | 质权人 | 比例 | 比例 | 资资金 | | | 东 | （股） | 限售类 | 质押 | | | | | | | 用途 | | | | | | ...

证券研究报告 ＃industryId＃ 横向通用软件 ＃investSuggestion＃ | --- | --- | |----------------------------|-------------------------------------| | | | | ＃市场数据 marketData ＃ | | | 市场数据日期 | 2024-09-13 | | 收盘价（元） | 8.59 | | 总股本（百万股） | 3418.52 | | 流通股本（百万股） | 3417.00 | | | | | 净资产（百万元） | 9329.04 | | 总资产（百万元） | 23650.94 | | 每股净资产 ( 元 ) 来源： | 2.73 ，兴业证券经济与金融研究院整理 | | --- | --- | --- | --- | --- | |----------------------------------------------------------|---------------------|--------------------------|------------------------|- ...

股票简称：用友网络 股票代码：600588 编号：临 2024-064 用友网络科技股份有限公司 关于召开 2024 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 会议召开时间：2024 年 9 月 20 日（星期五）下午 13:00-14:30 会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow.sseinf o.com/） 会议召开方式：视频和网络文字互动 投资者可于 2024 年 9 月 11 日（星期三）至 9 月 19 日（星期四）16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@yonyou.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 用友网络科技股份有限公司（以下简称"公司"）已于 2024 年 8 月 24 日发 布公司 2024 年半年度报告，为便于广大投资者更全面深入地了解公司 2024 年半 年度经营成果、财务状况，公司计划于 2024 年 9 月 20 日下午 13: ...

股票简称：用友网络 股票代码：600588 编号：临 2024-063 用友网络科技股份有限公司 关于回购股份事项前十大股东和前十大无限售条件股东 持股情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 用友网络科技股份有限公司（以下简称"用友网络"或"公司"）于 2024 年 9 月 4 日召开第九届董事会第十二次会议，审议通过了《公司关于以集中竞价交易方 式回购公司股份方案的议案》，具体情况详见公司于 2024 年 9 月 5 日在上海证券交 易所网站（www.sse.com.cn）披露的《用友网络关于以集中竞价交易方式回购股份 的报告书》（公告编号：临 2024-062）。 根据《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规 定，现将公司董事会公告回购股份决议的前一个交易日（2024 年 9 月 4 日）登记在 册的前十大股东和前十大无限售条件股东的名称及持股数量、比例情况公告如下： | 序号 | 股东名称 | 持股数量（股） | 持股比例（%） | | --- | --- | --- ...

用友网络科技股份有限公司 关于以集中竞价交易方式回购股份的报告书 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ● 回购股份金额：用友网络科技股份有限公司（以下简称"公司"）回购资金总额 不低于人民币 5,000 万元（含），不超过人民币 10,000 万元（含） 证券代码：600588 证券简称：用友网络 公告编号：2024-062 ● 回购股份价格：不超过人民币 13 元/股（含），该回购价格上限不高于董事会通 过回购决议前 30 个交易日公司股票交易均价的 150% ● 回购股份方式：以集中竞价方式 ● 回购股份期限：自董事会审议通过之日起 12 个月内（即 2024 年 9 月 4 日至 2025 年 9 月 3 日） ● 相关股东是否存在减持计划：截至董事会审议通过本次回购方案之日，公司全 体董监高、控股股东、实际控制人及其一致行动人、持股 5%以上的股东于未来 3 个月、未来 6 个月不存在减持本公司股份的计划。若未来拟实施股票减持计划， 公司将按相关规定及时履行信息披露义务。 ● 相关风险提 ...

[Table_MainInfo] 公司研究/信息服务/软件 证券研究报告 用友网络（600588）公司半年报点评 2024 年 09 月 04 日 请务必阅读正文之后的信息披露和法律声明 [Table_InvestInfo] 投资评级 优于大市 维持 | --- | |-------------------------------------------------------------------------------------| | 股票数据 | | 09 [ Table_StockInfo 月 03 日收盘价（元） ] | | 52 周股价波动（元） | | 总股本 / 流通 A 股（百万股） | | 总市值 / 流通市值（百万元） | | 相关研究 | | [Table_ReportInfo] 《大型企业客户业务收入高增长，效益化经营 初见成效》 2024.05.02 | | 《订单保持高增，盈利能力有望快速恢复》 | | 2024.03.31 | | 《 Q3 收入拐点已现，新签合同增势延续》 | | 2023.12.28 市场表现 | [Table_QuoteInfo] -43.53% -3 ...

Investment Rating - The report maintains a "Buy" rating for the company [3] Core Views - The company achieved a revenue of 3.805 billion yuan in the first half of 2024, representing a year-on-year growth of 12.9%. The net loss attributable to shareholders was 794 million yuan, a reduction in loss of 51 million yuan compared to the previous year [1] - The cloud service business generated 2.845 billion yuan in revenue, growing by 21.3% year-on-year, accounting for 74.8% of total revenue, indicating a strong performance driven by large enterprise clients [1][2] - The company is focusing on market opportunities and operational efficiency, leading to a gradual reduction in losses and improved management [1] Revenue and Profitability - The company’s enterprise customer business generated 3.443 billion yuan in revenue, with significant growth across large, medium, and small enterprises. Large enterprise revenue reached 2.388 billion yuan, up 11.2%, while cloud service revenue from large enterprises grew by 16.8% [2] - The overall gross margin improved to 52.5%, an increase of 3.6 percentage points year-on-year, indicating early signs of effective operational management [2] Future Projections - The company’s revenue projections for 2024, 2025, and 2026 are 11.002 billion yuan, 12.630 billion yuan, and 14.632 billion yuan respectively. The net profit attributable to shareholders is expected to be 52 million yuan in 2024, increasing to 430 million yuan in 2025 and 791 million yuan in 2026 [3][4]

证券研究报告 非金融公司|公司点评|用友网络（600588） 上半年亏损同比收窄，云服务占比持续 提升 请务必阅读报告末页的重要声明 glzqdatemark1 2024年08月27日 证券研究报告 |报告要点 用友网络发布 2024 年半年度报告，2024 年上半年公司实现营收 38.05 亿元，同比增长 12.93%； 归母净利润-7.94 亿元，同比亏损收窄；扣非归母净利润-7.94 亿元，同比亏损收窄；毛利率 为 52.55%，同比提升 3.70pct。2024 年第二季度公司实现营收 20.56 亿元，同比增长 8.51%； 归母净利润-3.41 亿元，同比亏损收窄；扣非归母净利润-3.42 亿元，同比亏损收窄；毛利率 为 53.99%，同比提升 1.81pct。 |分析师及联系人 黄楷 SAC：S0590522090001 请务必阅读报告末页的重要声明 1 / 5 非金融公司|公司点评 glzqdatemark2 2024年08月27日 用友网络(600588) 上半年亏损同比收窄，云服务占比持续提升 | --- | --- | --- | |--------------------------- ...

Investment Rating - The investment rating for the company is upgraded to "Accumulate" [2][10]. Core Views - The company is making steady progress in its subscription transformation, with initial results in operational efficiency [2][4]. - The cloud revenue continues to rise, with significant growth in various customer segments, particularly in cloud services [4][5]. - The company has launched YonGPT 2.0, enhancing its capabilities in various verticals and expanding application scenarios [8][10]. Financial Performance - In H1 2024, the company reported revenue of 3.805 billion yuan, a year-on-year increase of 12.93%, and a net profit attributable to shareholders of -794 million yuan, showing a reduction in losses [3][4]. - For Q2 2024, revenue was 2.056 billion yuan, up 8.51% year-on-year, with a net profit of -341 million yuan, also reflecting a reduction in losses [3][4]. - The gross profit margin for H1 2024 was 52.5%, an increase of 3.6 percentage points year-on-year [5][6]. Customer Segments - Revenue from large enterprise customers reached 2.388 billion yuan, a year-on-year increase of 11.2%, with cloud service revenue of 1.765 billion yuan, up 16.8% [4][5]. - Revenue from medium-sized enterprises was 600 million yuan, up 8.3%, with cloud service revenue growing by 39.1% [4][5]. - Revenue from small enterprises was 456 million yuan, a 20.4% increase, with cloud subscription revenue of 309 million yuan, up 35.3% [4][5]. Cost Control and Efficiency - The company has implemented measures to control personnel size and optimize structure, leading to a gross margin increase and reduced expense ratios [5][6]. - The sales, management, and R&D expense ratios for H1 2024 were 30.04%, 14.86%, and 27.95%, respectively, showing a decrease compared to the previous year [5][6]. International Expansion - The company is accelerating its overseas business expansion, with a 34% year-on-year increase in contract signings from overseas subsidiaries [7][10]. Future Projections - Revenue projections for 2024-2026 are 11.063 billion yuan, 12.694 billion yuan, and 14.691 billion yuan, respectively, with net profits expected to be 52 million yuan, 382 million yuan, and 616 million yuan [8][9].

Investment Rating - The investment rating for the company is "Outperform the Market" [1][4][11] Core Views - The company has shown continuous revenue growth, with a 12.9% year-on-year increase in operating revenue for H1 2024, reaching 3.825 billion yuan. The net profit attributable to shareholders narrowed to -845 million yuan, a decrease of 6.06% year-on-year [1][5] - The gross margin has been on the rise, reaching 52.5% in H1 2024, an increase of 3.6% year-on-year. In Q2 2024, the gross margin further improved to 54%, up 3.2% quarter-on-quarter [1][5] - The company has effectively controlled expenses, with sales, management, and R&D expense ratios decreasing by 2.0 percentage points, 0.2 percentage points, and 2.1 percentage points respectively [1][5] - The company has launched new AI products, including YonGPT 2.0 and the latest version of BIP 3 R6, enhancing its product capabilities across ten key business areas [1][5] - The new BIP Super Edition product fills a market gap for medium to large enterprises in digital transformation, featuring advanced technology architecture and intelligent capabilities [1][5] Financial Forecasts - The company is expected to achieve revenues of 11.195 billion yuan, 12.811 billion yuan, and 14.681 billion yuan for the years 2024, 2025, and 2026 respectively. The net profit attributable to shareholders is projected to be 50 million yuan, 176 million yuan, and 363 million yuan for the same years [2][9] - The price-to-sales (PS) ratios are forecasted to be 2.72, 2.41, and 2.09 for 2024, 2025, and 2026 respectively [1][9]