该议案为关联交易议案，关联董事黄金刚、徐珏回避表决。 云赛智联股份有限公司 十二届十二次董事会会议决议公告 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。 云赛智联股份有限公司（以下简称：公司、云赛智联）董事会十二届十二 次会议书面通知于2024年12月13日发出，并于2024年12月19日在徐汇区宜州路 180号B6栋9楼公司会议室召开会议。会议应出席董事7人，实际出席董事7人。 会议由公司董事长黄金刚先生主持，公司监事会成员及高级管理人员列席了本 次会议。本次会议符合《公司法》、《上海证券交易所股票上市规则》和《公 司章程》等有关法律、法规的要求，所做决议合法有效。会议审议并通过了以 下议案： 一、云赛智联关于控股子公司仪电科仪受让仪电电子所持分析仪器 79.1991%股权暨关联交易的议案； 基于上海仪电科学仪器股份有限公司和上海仪电分析仪器有限公司之间存 在较强业务关联性，在采购、销售、技术上具有较大的共通性，可以形成合 力，有利于促进科学仪器板块联动发展，同意公司控股子公司上海仪电科学仪 器股份有限公司以2023 ...

基于上海仪电科学仪器股份有限公司和上海仪电分析仪器有限公司之间存 在较强业务关联性，在采购、销售、技术上具有较大的共通性，可以形成合 力，有利于促进科学仪器板块联动发展，同意公司控股子公司上海仪电科学仪 器股份有限公司以2023年12月31日为评估基准日，以经国资备案的评估值为基 准，通过协议方式受让上海仪电电子 (集团) 有限公司所持上海仪电分析仪器 有限公司79.1991%股权。 该议案已经公司独立董事专门会议及董事会审计与合规委员会会议审议通 过。 证券代码：600602 证券简称：云赛智联 编号：临 2024-038 900901 云赛 B 股 云赛智联股份有限公司 十二届十二次监事会会议决议公告 本公司监事会及全体监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。 云赛智联股份有限公司（以下简称：公司）监事会十二届十二次会议书面 通知于2024年12月13日发出，并于2024年12月19日在徐汇区宜州路180号B6栋9 楼公司会议室召开会议。会议应出席监事3人，实际出席监事3人。会议由公司 监事会主席朱晓东先生主持。本次会议符合《公 ...

Company Performance - Yunsai Zhilian's Yidian Intelligent Computing Center (Songjiang) has been awarded the 5A-level intelligent computing center performance certification, excelling in five key dimensions: theoretical computing power, effective computing power, computing power efficiency, and business model scenario support capabilities [1] Industry Event - The 2024 International Computing Power Standards and Applications Symposium (ISCT'24) was held on November 19, where the certification was announced [1] Key Metrics - The certification evaluates computing centers based on theoretical computing power, effective computing power, computing power efficiency, and business model scenario support capabilities [1]

本次活动将采取网络的方式举行，投资者可以登录"上证路演中心"网站 （https://roadshow.sseinfo.com）或关注微信公众号上证路演中心参与互动交 流，活动时间为 2024 年 11 月 13 日（周三）15:00 至 16:30。 届时公司董事兼总经理翁峻青先生、独立董事封松林先生、独立董事李远勤 女士、独立董事董剑萍女士、总会计师唐青女士、董事会秘书张杏兴先生将通过 网络在线交流形式与投资者就公司治理、发展战略、经营状况、融资计划和可持 续发展等投资者关注的问题进行沟通。 欢迎广大投资者积极参与。 特此公告！ 证券代码：600602 证券简称：云赛智联 编号：临2024-036 900901 云赛B 股 云赛智联股份有限公司 关于参加 2024 年上海辖区上市公司 三季报集体业绩说明会的公告 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。 为进一步加强与广大投资者的沟通交流，云赛智联股份有限公司（以下简称 "公司"）将参加"2024 年上海辖区上市公司三季报集体业绩说明会"活动，现 将有关事项公告如 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [2]. Core Insights - The company, YunSai ZhiLian, is positioned to capitalize on Shanghai's digital transformation through AI computing and data elements, focusing on building a robust foundation for urban digitalization and smart city operations [3][4]. - In the first three quarters of 2023, the company achieved a revenue of 4.012 billion yuan, representing a year-on-year growth of 8.25%, and a net profit attributable to shareholders of 158 million yuan, up 1.22% year-on-year [3]. - The company is actively developing intelligent computing infrastructure and AI applications, with plans to accelerate the construction of its data centers and support the growth of its invested company, Shanghai Intelligent Computing Technology Co., Ltd. [4][5]. Financial Summary - The company reported a revenue of 5.264 billion yuan for 2023, with projected revenues of 6.062 billion yuan in 2024, 7.204 billion yuan in 2025, and 8.568 billion yuan in 2026, reflecting growth rates of 16.09%, 15.16%, 18.84%, and 18.93% respectively [8][10]. - The net profit attributable to shareholders is forecasted to be 192.91 million yuan in 2023, increasing to 222.32 million yuan in 2024, 270.64 million yuan in 2025, and 331.80 million yuan in 2026, with growth rates of 6.70%, 15.24%, 21.74%, and 22.60% respectively [8][10]. - The earnings per share (EPS) are projected to be 0.14 yuan in 2023, rising to 0.16 yuan in 2024, 0.20 yuan in 2025, and 0.24 yuan in 2026 [8][10]. Strategic Developments - The company is enhancing its capabilities in public data development, aligning with national policies aimed at accelerating the utilization of public data resources by 2025 [5][6]. - The establishment of the Shanghai Data Group and the implementation of local data regulations provide a solid legal framework for the company's operations in public data management [6].

Investment Rating - The report maintains a "Buy" rating for the company [1][3] Core Views - The company has shown significant growth in its non-recurring net profit, with a year-on-year increase of 39.5% in the first three quarters, despite a slight decline in total revenue [3] - The company is positioned to benefit from accelerated policies regarding data resources, as it serves as a key integrator and operator of data platforms in Shanghai [3] - The company's future in computing power leasing is promising, with ongoing developments in its data centers [3] Financial Summary - Total revenue for the first three quarters reached RMB 4.01 billion, reflecting an 8.3% year-on-year growth [3] - The net profit attributable to the parent company for the first three quarters was RMB 160 million, a 1.2% increase year-on-year, while the non-recurring net profit was RMB 140 million, marking a 39.5% increase [3] - Research and development expenses for the first three quarters amounted to RMB 290 million, a 12.7% increase year-on-year [3] - The company expects net profits for 2024, 2025, and 2026 to be RMB 230 million, RMB 280 million, and RMB 330 million respectively, with corresponding EPS of RMB 0.17, RMB 0.20, and RMB 0.24 [3][4] Valuation Metrics - The company’s projected P/E ratios for 2024, 2025, and 2026 are 87X, 72X, and 59X respectively [4][5] - The expected EBITDA for 2024, 2025, and 2026 is RMB 205 million, RMB 274 million, and RMB 328 million respectively [4][5] - The company’s market capitalization is approximately RMB 19.72 billion [2]

Investment Rating - The investment rating for the company is "Hold" [5][11]. Core Insights - The company reported a revenue of 4.012 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 8.25%. The net profit attributable to shareholders was 158 million yuan, up 1.22% year-on-year. The company is expected to benefit from the development of the data element industry and computing power facility construction due to its deep involvement in Shanghai's urban digitalization and the upcoming completion of the Songjiang Phase II project [3][7]. Financial Performance Summary - For the third quarter of 2024, the company achieved a revenue of 1.122 billion yuan, a decrease of 7.13% year-on-year. The net profit attributable to shareholders was 45 million yuan, down 28.95% year-on-year. The non-recurring net profit was 42 million yuan, showing a significant increase of 223.46% year-on-year. The gross margin for the third quarter was 21.72%, an increase of 2.58 percentage points year-on-year [7][8]. Project Development - The company is set to start the construction of the Songjiang Data Center Phase II project, which will include approximately 1,124 high-power racks with a total IT power of 22MW and an estimated total investment of 795 million yuan. The project is expected to be completed and delivered by October 2024 [7][8]. Market Position and Future Outlook - The company is the total integrator and operator of the Shanghai Big Data Center resource platform and has maintained a deep cooperation with the municipal big data center since its establishment in 2018. The company is expected to benefit from the recent public data policies released by the National Data Bureau [7][8]. Revenue and Profit Forecast - The projected revenues for 2024, 2025, and 2026 are 6.041 billion yuan, 6.900 billion yuan, and 7.899 billion yuan, respectively, with year-on-year growth rates of 14.76%, 14.23%, and 14.47%. The net profit attributable to shareholders is expected to be 223 million yuan, 284 million yuan, and 381 million yuan for the same years, with growth rates of 15.81%, 27.16%, and 34.14% respectively [7][8].

Investment Rating - The report maintains an "Overweight" rating for the company [1] Core Views - The company's Q3 non-GAAP net profit surged by 223% YoY, driven by growth in cloud services, artificial intelligence, and data elements [1] - The company is expected to benefit from the continuous development of the "digital economy" as it focuses on cloud services, big data, industry solutions, and intelligent products [1] - The company's profitability remains stable, with Q3 gross margin increasing by 2.58 percentage points YoY [1] - The company's cost control measures have shown effectiveness, with sales/management/R&D expense ratios improving in Q3 [2] - The company is exploring AI+ business models and is expected to benefit from the development of data elements, particularly as a key player in Shanghai's digital transformation [4][5] Financial Performance - In Q3 2024, the company reported revenue of 1.122 billion yuan, a decrease of 7.13% YoY, and net profit attributable to shareholders of 45 million yuan, a decrease of 28.95% YoY [1] - Non-GAAP net profit in Q3 2024 was 42 million yuan, an increase of 223.46% YoY [1] - For the first three quarters of 2024, the company's revenue was 4.012 billion yuan, an increase of 8.25% YoY, and net profit attributable to shareholders was 158 million yuan, an increase of 1.22% YoY [1] - The company's gross margin for the first three quarters of 2024 was 19.59%, an increase of 0.77 percentage points YoY, while the net profit margin was 4.17%, a decrease of 0.54 percentage points YoY [1] Industry and Policy Impact - The company is expected to benefit from national policies promoting the integration of advanced manufacturing and modern services, as well as the development of the digital economy [1] - The company is positioned to take on the responsibility of public data operations in Shanghai, supported by upcoming policies from the National Data Bureau [5] Future Projections - The company is projected to achieve revenues of 6.159 billion yuan, 7.126 billion yuan, and 8.170 billion yuan for 2024, 2025, and 2026, respectively [5] - Net profit attributable to shareholders is expected to be 232 million yuan, 285 million yuan, and 361 million yuan for 2024, 2025, and 2026, respectively [5] - EPS is forecasted to be 0.17 yuan, 0.21 yuan, and 0.26 yuan for 2024, 2025, and 2026, respectively [5] Business Developments - The company's Songjiang Big Data Center Phase II project has completed its main structure and is expected to be operational within the year, potentially boosting revenue [4] - The company is investing in Shanghai Intelligent Computing Technology Co Ltd, aiming to build an independent intelligent computing industry ecosystem [4]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has shown a revenue of 4.012 billion yuan in the first three quarters of 2024, representing a year-on-year growth of 8.25%. The net profit attributable to the parent company is 158 million yuan, with a year-on-year increase of 1.22%. The non-recurring net profit attributable to the parent company is 138 million yuan, showing a significant year-on-year growth of 39% [1][2] - The company is positioned as a leader in the public data element industry in Shanghai and is expected to benefit significantly from the recent policy developments aimed at accelerating the utilization of public data resources [2] - The company is actively involved in the construction of the Shanghai Intelligent Computing Center, which is expected to enhance its performance as the demand for intelligent computing power surges [2] Financial Performance Summary - For Q3 2024, the company achieved a revenue of 1.122 billion yuan, a decrease of 7% year-on-year, and a net profit of 45 million yuan, down 29% year-on-year. However, the non-recurring net profit increased by 223% year-on-year, primarily due to non-recurring gains from the previous year [1][2] - The company's revenue forecast for 2024-2026 is set at 6.002 billion yuan, 6.774 billion yuan, and 7.590 billion yuan respectively, with year-on-year growth rates of 14.03%, 12.87%, and 12.04% [1][8] - The net profit attributable to the parent company is projected to be 215 million yuan, 238 million yuan, and 263 million yuan for 2024-2026, with growth rates of 11.47%, 10.63%, and 10.36% respectively [1][8] Market Position and Strategy - The company is the only digital enterprise under the Shanghai State-owned Assets Supervision and Administration Commission, positioning it to deeply engage in the operation of public data in Shanghai [2] - The company is also involved in the construction of the Yidian Intelligent Computing Center, which is part of a broader initiative to establish a national integrated computing power system [2]

| | | 证券代码：600602 证券简称：云赛智联 编号：临 2024-034 900901 云赛 B 股 云赛智联股份有限公司 十二届十一次董事会会议决议公告 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。 会议审议并通过了《云赛智联2024年第三季度报告》。 该报告已经公司董事会审计与合规委员会审议通过。 表决结果：7票赞成，0票反对，0票弃权。 详见同日披露的《云赛智联2024年第三季度报告》。 特此公告。 云赛智联股份有限公司董事会 二〇二四年十月二十六日 云赛智联股份有限公司（以下简称：公司、云赛智联）董事会十二届十一 次会议书面通知于2024年10月18日发出，并于2024年10月25日以通讯表决方式 召开会议。会议应出席董事7人，实际出席董事7人。会议由公司董事长黄金刚 先生主持，公司监事会成员及高级管理人员列席了本次会议。本次会议符合 《公司法》、《上海证券交易所股票上市规则》和《公司章程》等有关法律、 法规的要求，所做决议合法有效。 ...