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。 ...

云赛智联股份有限公司 2024 年第三季度报告 证券代码：600602 900901 证券简称：云赛智联 云赛 B 股 云赛智联股份有限公司 2024 年第三季度报告 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法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 （一） 主要会计数据和财务指标 | --- | --- | --- | --- | --- | |-------|-------------------------------------------|---------------------------------------|------------------|----------------------------------- ...

证券代码：600602 证券简称：云赛智联 编号：临 2024-035 900901 云赛 B 股 云赛智联股份有限公司 十二届十一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。 监事会关于公司2024年第三季度报告的审核意见： 1、2024年第三季度报告编制和审议程序符合法律、法规、公司章程和公司 内部管理制度的各项规定； 2、2024年第三季度报告的内容和格式符合中国证监会和上海证券交易所的 各项规定，所包含的信息真实地反映出公司当期的经营管理和财务状况等事 项； 3、在提出本审核意见前，未发现参与2024年第三季度报告编制和审议的人 员有违反保密规定的行为。 特此公告。 云赛智联股份有限公司（以下简称：公司、云赛智联）监事会十二届十一 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 ...

上海仪电(集团)有限公司 关于云赛智联股票交易异常波动征询函的回复 三、本公司未在 2024年 9月 30 日、10月 8 日、10 月 9 日云赛智联股票交 易异常波动期间买卖其公司股票。 云赛智联股份有限公司: 特此函复。 一、本公司目前生产经营正常,未发生重大异常情况; 二、本公司截止目前不存在对云赛智联应披露而未披露的重大信息,包括但 不限于筹划涉及云赛智联的重大资产重组、股份发行、重大交易类事项、业务重 组、股份回购、股权激励、破产重整、重大业务合作、引进战略投资者等重大事 项: 你公司《关于云赛智联股票交易异常波动的征询函》已收悉,现就所征询事 项回复如下: ...

证券代码：600602 证券简称：云赛智联 编号：临2024-033 900901 云赛B 股 云赛智联股份有限公司 股票交易异常波动公告 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、股票交易异常波动的具体情况 公司 A 股股票于 2024 年 9 月 30 日、10 月 8 日、10 月 9 日连续三个交易日 内日收盘价格涨幅偏离值累计超过 20%，构成《上海证券交易所交易规则》规定 的股票交易异常波动情形。 二、公司关注并核实的相关情况 针对公司股票异常波动，公司对相关事项进行自查核实，并向公司控股股东 发函查证，现将有关情况说明如下： （一）生产经营情况 经自查，公司近期经营情况正常，内外部经营环境未发生重大变化。 （二）重大事项情况 云赛智联股份有限公司（以下简称：云赛智联、公司）A 股股票于 2024 年 9 月 30 日、10 月 8 日、10 月 9 日连续三个交易日内日收盘价格涨幅偏离值累 计超过 20%，构成《上海证券交易所交易规则》规定的股票交易异常波动情 形。 经公司自查及征 ...

证券代码： 600602 900901 证券简称：云赛智联 云赛 B 股 尊敬的投资者，您好！尊敬的投资者，您好！ 2024 年 1-6 月营业收入 28.9 亿元，同比增加 15.7%；归属于上市公司股东 的净利润 1.13 亿元，同比增长 21.78%；归属于上市公司股东 的扣非净利润 9670 万元，同比增加 12.04%，截至 2024 年 6 月 30 日，公司货币资金余额为 32.88 亿元，资产负债率为 28.04%，感谢关注！ 5、在云服务和大数据业务方面，公司如何布局行业应用，具体 开展了什么项目？ 尊敬的投资者，您好！云赛智联持续聚焦核心主业，坚持既 定的战略实施路径，深入推进 ToG 和 ToB 领域的信息化、数字 化、智能化重大项目建设，不断强化重点市场领域的布局和拓 展，在交通、文娱、医疗、政府和垂类应用等细分领域均有不同 程度的突破。详细情况请参阅公司中报。感谢您的关注。 6、公司是微软云服务商，具体开展哪些业务？ 尊敬的投资者，您好！"做强云服务"是云赛智联在 ToG 和 ToB 领域的战略路径实施方向。公司下属上海南洋万邦软件 技术有限公司与北京信诺时代科技发展有限公司通过持续 ...

证券代码：600602 证券简称：云赛智联 编号：临2024-032 900901 云赛B 股 云赛智联股份有限公司 关于参加上海辖区上市公司 2024 年投资者 网上集体接待日暨中报业绩说明会的公告 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。 为进一步加强与投资者的互动交流，云赛智联股份有限公司（以下简称"公 司"）将参加由上海上市公司协会与深圳市全景网络有限公司联合举办的"2024 年上海辖区上市公司投资者集体接待日暨中报业绩说明会"，现将相关事项公告 如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net/html/143790.shtml），或关注微信公众号：全景财经，或下载 全景路演 APP，参与本次互动交流，活动直播时间为 2024 年 9 月 13 日（周 五）14:00-16:30。届时公司董事兼总经理翁峻青先生、独立董事封松林先生、 李远勤女士、董剑萍女士、总会计师唐青女士、董事会秘书张杏兴先生将在线 就公司 2024 年度中报业绩、公司治理、 ...