上海宝信软件股份有限公司公告 宋世炜先生因工作变动，辞去公司副总经理职务。宋世炜先生仍继续 在公司担任其他职务。 宋世炜先生辞职没有需要引起公司董事会、监事会、股东注意的事项。 公司董事会对宋世炜先生担任副总经理期间的勤勉工作和对公司发展 所作的贡献，表示诚挚的敬意和衷心的感谢！ 特此公告。 上海宝信软件股份有限公司 董 事 会 证券代码：A600845 B900926 证券简称：宝信软件 宝信B 编号：临2024-057 上海宝信软件股份有限公司 副总经理辞职公告 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法律责任。 2024 年 12 月 16 日，上海宝信软件股份有限公司（以下简称"公司"） 董事会收到宋世炜先生辞去公司副总经理的书面辞职报告。根据《公司章 程》及相关治理文件，该辞职报告即日生效。 2024 年 12 月 18 日 - 1 - ...

证券代码：A600845 B900926 证券简称：宝信软件 宝信 B 编号：临 2024-056 第十届监事会第二十五次会议决议公告 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法律责任。 上海宝信软件股份有限公司第十届监事会第二十五次会议通知于 2024 年 11 月 15 日以电子邮件的方式发出，于 2024 年 11 月 20 日以通讯表决方 式召开，应到监事 3 人，实到 3 人。本次会议符合《公司章程》和有关法 律、法规的要求，会议合法有效。 会议由监事会主席蒋育翔先生主持，审议了以下议案： 上海宝信软件股份有限公司公告 上海宝信软件股份有限公司 一、转让地铁电科部分股权的议案 表决情况：同意 3 票，反对 0 票，弃权 0 票。是否通过：通过。 特此公告。 上海宝信软件股份有限公司 监 事 会 2024 年 11 月 21 日 - 1 - ...

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。 上海宝信软件股份有限公司第十届董事会第二十五次会议通知于 2024 年 11 月 15 日以电子邮件的方式发出，于 2024 年 11 月 20 日以通讯表决方 式召开，应到董事 11 人，实到 11 人，监事和高级管理人员列席了会议。 本次会议符合《公司章程》和有关法律、法规的要求，会议合法有效。 上海宝信软件股份有限公司公告 证券代码：A600845 B900926 证券简称：宝信软件 宝信B 编号：临2024-055 上海宝信软件股份有限公司 第十届董事会第二十五次会议决议公告 上海宝信软件股份有限公司 董 事 会 2024 年 11 月 21 日 - 1 - 会议由董事长夏雪松先生主持，审议了以下议案： 一、转让地铁电科部分股权的议案 上海地铁电子科技有限公司（简称"地铁电科"）系公司持股 50%的参 股公司，为了收回投资成本回笼资金，降低投资风险，集中各项资源发展 公司战略业务，董事会批准通过公开挂牌方式转让所持地铁电科 15%的股 权，挂牌价格将以经中国宝武备案的评估 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company emphasizes the active promotion of domestic PLC (Programmable Logic Controller) production to ensure product autonomy and control, with significant advancements in its T3 and T4 series products, which outperform major German PLCs in several performance metrics [2] - The company is accelerating its global layout in robotics, achieving breakthroughs in high-performance drive systems for heavy-load industrial robots, and is expanding its market presence in various advanced applications [2] - A partnership with Donghai Lanfan Technology Co., Ltd. has been established, marking a significant step in promoting domestic software replacement in the petrochemical industry [2] Financial Summary and Valuation Indicators - Revenue (in million CNY): - 2022A: 13,150 - 2023A: 12,916 - 2024E: 14,083 - 2025E: 16,229 - 2026E: 19,603 - Year-over-Year (YOY) growth rates: - 2022A: 11.8% - 2023A: -1.8% - 2024E: 9.0% - 2025E: 15.2% - 2026E: 20.8% [2] - Net profit attributable to the parent company (in million CNY): - 2022A: 2,186 - 2023A: 2,554 - 2024E: 2,868 - 2025E: 3,464 - 2026E: 4,451 - Gross margin and net margin: - Gross margin: 33.0% (2022A), 36.9% (2023A), 36.8% (2024E), 38.9% (2025E), 39.6% (2026E) - Net margin: 16.6% (2022A), 19.8% (2023A), 20.4% (2024E), 21.3% (2025E), 22.7% (2026E) [2] - Price-to-Earnings (P/E) ratios: - 2022A: 37.8 - 2023A: 32.4 - 2024E: 28.8 - 2025E: 23.9 - 2026E: 18.6 [2]

证券代码：A600845 B900926 证券简称：宝信软件 宝信B 编号：临2024-053 上海宝信软件股份有限公司 第十届董事会第二十四次会议决议公告 上海宝信软件股份有限公司公告 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法律责任。 上海宝信软件股份有限公司第十届董事会第二十四次会议通知于 2024 年 11 月 4 日以电子邮件的方式发出，于 2024 年 11 月 11 日以通讯表决方 式召开，应到董事 11 人，实到 11 人，监事和高级管理人员列席了会议。 本次会议符合《公司章程》和有关法律、法规的要求，会议合法有效。 会议由董事长夏雪松先生主持，审议了以下议案： 一、高级管理人员变更的议案 本议案已经公司董事会审计委员会和独立董事专门会议审议通过，同 意提交董事会审议。 经总经理王剑虎先生提名，董事会聘任刘慈玲女士为公司总法律顾问、 财务负责人。 宋健海先生因工作原因，不再担任公司总法律顾问。宋健海先生仍继 续在公司担任其他职务。 吕子男先生因工作原因，不再担任公司财务总监。吕子男先生仍继续 在公司担任其他职务。 ...

上海宝信软件股份有限公司公告 证券代码：A600845 B900926 证券简称：宝信软件 宝信 B 编号：临 2024-054 上海宝信软件股份有限公司 第十届监事会第二十四次会议决议公告 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法律责任。 上海宝信软件股份有限公司第十届监事会第二十四次会议通知于 2024 年 11 月 4 日以电子邮件的方式发出，于 2024 年 11 月 11 日以通讯表决方 式召开，应到监事 3 人，实到 3 人。本次会议符合《公司章程》和有关法 律、法规的要求，会议合法有效。 会议由监事会主席蒋育翔先生主持，审议了以下议案： 一、高级管理人员变更的议案 二、董事会秘书变更的议案 表决情况：同意 3 票，反对 0 票，弃权 0 票。是否通过：通过。 特此公告。 上海宝信软件股份有限公司 监 事 会 2024 年 11 月 12 日 - 1 - 表决情况：同意 3 票，反对 0 票，弃权 0 票。是否通过：通过。 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [5][11]. Core Views - The company's revenue and profit faced pressure in the third quarter, with total revenue for the first three quarters at 9.757 billion yuan (+10.64%) and net profit attributable to the parent company at 1.930 billion yuan (+3.16%). In Q3 alone, revenue was 3.014 billion yuan (-4.06%) and net profit was 599 million yuan (-15.50%), primarily impacted by downstream industry conditions [1][8]. - The gross margin has decreased year-on-year, with a gross margin of 36.06% for the first three quarters, down 3.51 percentage points. However, cost control measures have shown effectiveness, with sales, management, and R&D expenses decreasing by 10.04%, 22.47%, and 7.44% respectively [1]. - The company successfully launched its fully autonomous and controllable PLC products, marking a significant breakthrough in domestic industrial control systems. The T3 and T4 series PLC products are expected to accelerate domestic substitution in the automation field [2]. - The IDC business has regained growth momentum, with the company recently winning a major IDC project from a leading internet giant, which is expected to significantly contribute to future revenue growth [3]. Financial Summary - For the years 2024 to 2026, the revised net profit forecasts are 2.907 billion yuan, 3.626 billion yuan, and 4.423 billion yuan respectively, down from previous estimates due to pressures in the downstream steel industry. The corresponding PE ratios are projected to be 27, 22, and 18 times [11][12]. - The company’s total revenue is projected to reach 14.910 billion yuan in 2024, with a growth rate of 15.4%, followed by 18.066 billion yuan in 2025 and 21.863 billion yuan in 2026, reflecting a robust growth trajectory [4][12].

上海宝信软件股份有限公司公告 证券代码：A600845 B900926 证券简称：宝信软件 宝信 B 编号：临 2024-049 上海宝信软件股份有限公司 关于第二期限制性股票计划预留第二批第三个解除限售期 解锁条件成就的公告 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法律责任。 重要内容提示： 2024 年 10 月 29 日，公司第十届董事会第二十三次会议审议通过了《第 二期限制性股票计划预留第二批第三个解除限售期解除限售的议案》，公司 第二期限制性股票计划预留第二批第三个解除限售期（以下简称"本次解 除限售期"）解锁条件已成就，相关情况如下： 一、第二期限制性股票计划批准及实施情况 1.2020 年 4 月 13 日，公司第九届董事会第八次会议及第九届监事会第 八次会议审议通过了《第二期限制性股票计划（草案）及其摘要的议案》 及其他相关议案，拟向激励对象授予不超过 17,000,000 股限制性股票，其 中首次授予不超过 15,300,000 股，首次授予的激励对象不超过 650 人；预 留 1,700,000 股，预留授予的 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥3,013,869,131.35, a decrease of 4.06% compared to ¥3,141,326,601.40 in the same period last year[3]. - The net profit attributable to shareholders of the listed company was ¥599,448,111.38, reflecting a decline of 15.50% from ¥709,395,492.53 year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥581,487,815.21, down 16.32% from ¥694,883,334.40 in the previous year[3]. - The basic earnings per share decreased to ¥0.211, a drop of 15.60% compared to ¥0.300 in the same quarter last year[3]. - The diluted earnings per share was ¥0.208, down 15.79% from ¥0.296 year-on-year[3]. - Total operating revenue for the first three quarters of 2024 reached CNY 9,756,533,663.80, an increase of 10.6% compared to CNY 8,818,257,963.91 in the same period of 2023[14]. - Net profit attributable to shareholders of the parent company for Q3 2024 was CNY 1,930,289,552.93, compared to CNY 1,871,111,153.04 in Q3 2023, representing an increase of 3.2%[15]. - The total comprehensive income attributable to the parent company for Q3 2024 was CNY 1,930,078,160.10, an increase from CNY 1,868,686,489.17 in Q3 2023, reflecting a growth of approximately 3.3%[16]. - Basic earnings per share for Q3 2024 were CNY 0.680, compared to CNY 0.662 in Q3 2023, representing an increase of about 2.7%[16]. - Net profit for the first three quarters of 2024 was ¥1,972,063,621.99, up 13.7% from ¥1,735,217,214.59 in the first three quarters of 2023[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥21,882,684,637.81, a decrease of 2.04% compared to the previous year[3]. - The total assets of the company amounted to approximately ¥21.44 billion, a decrease from ¥21.88 billion in the previous period, reflecting a decline of about 2.02%[11]. - The total assets of the company were CNY 21,436,890,661.52 in Q3 2024, down from CNY 21,882,684,637.81 in Q3 2023, a decrease of 2.0%[13]. - The total liabilities decreased to CNY 9,508,017,003.78 in Q3 2024 from CNY 9,793,682,959.09 in Q3 2023, a reduction of 2.9%[12]. - The total liabilities decreased to ¥8,504,429,499.01 from ¥8,773,913,759.31, indicating a reduction of 3.1%[21]. - The company's total equity decreased to ¥10,478,946,416.15 from ¥10,596,562,734.65, a decline of 1.1%[21]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,985,690,301.56, an increase of 5.38% from ¥1,884,326,623.12 in the same period last year[3]. - The company's cash and cash equivalents increased to CNY 3,815,526,467.48 in Q3 2024 from CNY 3,576,232,023.25 in Q3 2023, an increase of 6.7%[12]. - The company's cash and cash equivalents at the end of Q3 2024 were CNY 4,956,569,552.20, down from CNY 5,422,372,283.25 at the end of 2023, a decrease of about 8.6%[19]. - The net cash flow from investment activities was 25,418,743.92 CNY, a significant improvement compared to -222,986,651.27 CNY in the previous period[25]. - The net cash outflow from financing activities was -2,683,322,440.72 CNY, contrasting with a net inflow of 458,091,348.86 CNY in the previous period[25]. - The company reported a net cash outflow from financing activities of CNY -2,760,477,291.54 for Q3 2024, compared to CNY -1,148,315,396.45 in Q3 2023, indicating a significant increase in cash outflow[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,116[7]. - Baoshan Iron & Steel Co., Ltd. held 48.89% of the shares, amounting to 1,410,134,219 shares[7]. - The number of A-share shareholders increased from 32,632 at the end of August to 43,362 at the end of September, showing a growth of approximately 33%[9]. - The number of B-share shareholders remained relatively stable, with a slight increase from 22,642 to 22,754[9]. - The company reported no significant changes in the top 10 shareholders or their participation in margin trading activities[9]. Expenses and Investments - Research and development expenses for the first three quarters of 2024 amounted to CNY 932,812,780.73, a decrease of 7.4% from CNY 1,007,787,025.24 in the same period of 2023[14]. - Research and development expenses amounted to ¥721,209,397.61, a decrease of 6.3% from ¥770,083,489.15 in the previous year[22]. - The company's financial expenses included interest expenses of ¥34,373,283.28, compared to ¥17,465,545.66 in the previous year, indicating an increase in financial costs[22]. - The company received government subsidies amounting to ¥13,890,527.29 during the quarter, with a total of ¥17,518,055.17 year-to-date[6]. Inventory and Receivables - Accounts receivable increased to approximately ¥4.10 billion from ¥3.34 billion, representing a growth of about 22.93%[10]. - Inventory decreased to approximately ¥2.97 billion from ¥3.52 billion, showing a decline of about 15.61%[11]. - The company's inventory as of September 30, 2024, was CNY 2,103,470,791.28, down from CNY 2,658,906,996.44 at the end of 2023, a decrease of approximately 21%[19].

上海市长乐路 989 号世纪商贸广场 26-27 楼 邮编 200031 26-27th Floor, The Center, No.989 Changle Road, Shanghai 200031,P.R.C. Tel: (86-21) 5292-1111, (86-21) 6350-0777 Fax: (86-21) 5292-1001, (86-21) 6272-6366 www.watson-band.com.cn mail@watson-band.com.cn 上海市华诚律师事务所 关于上海宝信软件股份有限公司 第三期限制性股票计划首次授予 第一个解除限售期解除限售的 法律意见书 上海市华诚律师事务所 二零二四年十月 上 海 北 京 香 港 哈尔滨 兰 州 烟 台 广 州 芝加哥 东 京 S h a n g h a i B e i j i n g H o n g K o n g H a r b i n L a n z h o u Y a n t a i G u a n g z h o u C h i c a g o T o k y o 3、本所及经办律师仅就公司本次解锁事项有关的法律问题发表意见， ...