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 2024-047 上海宝信软件股份有限公司 通知债权人公告 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。 一、通知债权人的原由 2024 年 10 月 29 日，上海宝信软件股份有限公司（以下简称"公司"） 召开第十届董事会第二十三次会议，审议通过了《回购注销部分限制性股 票的议案》，公司决定回购并注销部分已授予未解锁的 A 股限制性股票共计 605,747 股。本次回购 605,747 股公司 A 股股票且注销后，公司将减少注册 资本 605,747 元。 二、需债权人知悉的信息 公司本次回购将涉及注册资本减少，根据《中华人民共和国公司法》 等相关法律、法规的规定，公司特此通知债权人。公司债权人自接到公司 通知起 30 日内、未接到通知者自本公告披露之日起 45 日内，均有权凭有 效债权文件及相关凭证要求公司清偿债务或者提供相应担保。债权人如逾 期未向本公司申报债权，不会因此影响其债权的有效性，相关债务（义务） ...

上海宝信软件股份有限公司公告 一、2024 年第三季度报告的议案 本议案已经公司董事会审计委员会审议通过，同意提交董事会审议。 证券代码：A600845 B900926 证券简称：宝信软件 宝信B 编号：临2024-044 表决情况：同意 11 票，反对 0 票，弃权 0 票。是否通过：通过。 上海宝信软件股份有限公司 第十届董事会第二十三次会议决议公告 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二十三次会议通知于 2024 年 10 月 18 日以电子邮件的方式发出，于 2024 年 10 月 29 日以现场和视频 会议相结合方式召开，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： - 1 - 上海宝信软件股份有限公司公告 经董事会薪酬和考核委员会核查，公司第二期限制性股票计划预留第 一批第三个解除限售期的解除限售条件及激励对象个人的解除限售条件均 已 ...

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].

公司于 2024 年 7 月 3 日披露了《董事、高级管理人员减持股份计划公告》， （公告编号：临 2024-031），因缴纳股权激励个人所得税等个人资金需求，上述 董事、高级管理人员拟自减持计划公告之日起 15 个交易日后的 3 个月内（窗口 期不减持），在符合上市公司董监高减持规定的前提下，通过集中竞价方式，合 计减持不超过 470,000 股股份（占公司总股本的 0.0163%），上述董事、高级管 理人员本次减持股份均不会超过其各自持有公司股份总数的 25%。 截至 2024 年 10 月 23 日，公司董事长夏雪松先生减持股份数量共计 100,000 股，减持股份数量占公司总股本的 0.0035%；副总经理陈健先生减持股份数量共 计 110,000 股，减持股份数量占公司总股本的 0.0038%；副总经理梁越永先生减 持股份数量共计 40,000 股，减持股份数量占公司总股本的 0.0014%；副总经理 黄颖雷先生减持股份数量共计 20,000 股，减持股份数量占公司总股本的 0.0007%； 1 证券代码：600845 900926 证券简称：宝信软件 宝信 B 公告编号：临 2024-043 上海 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company has recently won a significant IDC project from a major internet giant, with a total of 120MW IT orders secured, indicating strong customer acquisition and competitive advantages [5][6]. - The IDC business is expected to recover, with the company poised to benefit from the increasing importance of technological self-sufficiency and domestic alternatives in the market [5][6]. - The projected net profits for the company from 2024 to 2026 are estimated at 3.01 billion, 3.75 billion, and 4.80 billion yuan, corresponding to PE ratios of 27.6x, 22.2x, and 17.3x respectively [5][6]. Summary by Sections Event Description - The company has successfully secured an IDC project, with the North China base expected to handle the project, which represents over 75% of the total planned capacity of 160MW [5][6]. - The company is expanding its IDC projects across various provinces, with a potential cabinet capacity exceeding 100,000 units, indicating significant revenue growth potential [5][6]. Business Analysis - Despite a slowdown in IDC growth due to increased competition and market saturation, the company maintains a competitive edge through resource acquisition and cost control [5][6]. - The company has a strong historical growth rate, with a CAGR of 28% from 2013 to 2021, and is expected to benefit from a recovery in demand driven by high computing power needs [5][6]. Financial Projections - The company’s revenue is projected to grow from 12.91 billion yuan in 2023 to 23.51 billion yuan in 2026, with a steady increase in gross profit margins [11]. - The net profit is expected to rise significantly, reflecting the company's robust growth strategy and market positioning [11].

Investment Rating - The investment rating for the company is "Buy" and is maintained [7]. Core Views - The company successfully launched its full-stack self-controlled PLC series products T3 and T4 on September 20, 2024, marking a significant milestone in its product development [5][6]. - The new products feature a fully self-developed stack from the operating system to the programming environment, which is a major advancement for the company [5][6]. - The company is expected to achieve net profits attributable to shareholders of 3.01 billion yuan, 3.75 billion yuan, and 4.80 billion yuan for the years 2024 to 2026, corresponding to PE ratios of 27.1x, 21.8x, and 17.0x respectively [5][6]. Summary by Sections Product Launch and Development - The company held a product launch event after three years, introducing the T3 and T4 PLCs, which are comparable in performance and compatibility to overseas products [5][6]. - The new PLCs support six processing units for parallel computing, with a single instruction execution time of less than 1 nanosecond and a scanning cycle as low as 200 microseconds [5][6]. - The launch of Tianxing IDE and Tianxing DSF aims to create an integrated industrial control environment for downstream customers, facilitating rapid application and secondary development [5][6]. Market Position and Growth Potential - The company has made significant progress in domestic substitution, with successful applications of its self-developed SCADA software in major projects [6]. - The company is expanding into high-end robotics, showcasing its products and solutions in various industries, which is expected to enhance its market presence [6]. - The emphasis on technological independence and self-control positions the company as a leader in the industrial software sector, with potential for large-scale domestic substitution of PLCs [6].

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 40 RMB per share [3][4]. Core Insights - The company has secured a significant IDC project, marking a substantial milestone in its IDC business, which is expected to grow significantly due to increasing demand driven by AI [4]. - The company's revenue and net profit have shown positive growth, with a year-on-year revenue increase of 18.8% and a net profit increase of 14.56% in the first half of the year [4]. - The company is increasing its investment in high-tech research and development, planning to invest 540 million RMB in a smart manufacturing R&D center [5]. - The company is well-positioned in the IDC sector, with multiple data center projects planned across various regions, indicating strong future growth potential [5]. Summary by Sections Company Overview - The company operates in the computer industry, with a current A-share price of 28.85 RMB and a market capitalization of 61.195 billion RMB [1]. Recent Ratings - The company has received multiple "Buy" ratings in recent months, with the latest rating issued on May 31, 2024, at a price of 32.0 RMB [2]. Product Portfolio - The company's product mix consists of 72.18% software development, 27.03% service outsourcing, and 0.72% system integration equipment [2]. Financial Performance - In the first half of the year, the company reported a revenue of 6.743 billion RMB and a net profit of 1.331 billion RMB, with a gross margin of 36.13% [4]. - The company expects net profits to grow significantly over the next three years, with projections of 3.088 billion RMB in 2024, 4.052 billion RMB in 2025, and 5.155 billion RMB in 2026 [6]. Future Outlook - The company is focusing on expanding its IDC business and enhancing its technological capabilities, which are expected to drive future growth [5].

Investment Rating - The investment rating for the company is "Buy" (maintained) with a market price of 28.51 CNY [1]. Core Insights - The company has recently won a significant IDC project with a major internet giant, which is expected to boost its IDC business growth, particularly in the North China market [2]. - The company is a leading third-party IDC provider in China, leveraging resources from the Baowu Group to enhance its IDC operations and expand its industrial robot and AI business segments [5]. - The company has launched a fully self-controlled PLC product line, marking a significant advancement in domestic industrial control systems [2][3]. - The company is positioned to benefit from the ongoing upgrade of smart manufacturing in the industry, with a comprehensive product matrix in industrial software and hardware [3]. Financial Performance Summary - The company's revenue is projected to grow from 12,916 million CNY in 2023 to 24,023 million CNY in 2026, with a compound annual growth rate (CAGR) of approximately 25% [1]. - Net profit is expected to increase from 2,554 million CNY in 2023 to 4,664 million CNY in 2026, reflecting a CAGR of around 28% [1]. - Earnings per share (EPS) are forecasted to rise from 0.89 CNY in 2023 to 1.62 CNY in 2026 [1]. - The company maintains a strong return on equity (ROE) of around 21% over the forecast period [1]. Market Position and Strategy - The company is actively expanding its IDC business, with a focus on green energy and sustainable practices, aiming for 100% renewable energy usage by 2030 [2]. - The company is enhancing its capabilities in AI computing services to support the development of large models and AI applications [2]. - The company is also focusing on the industrial robot market, having recently increased its stake in a robotics firm to enter the high-end heavy-duty robot market [3].

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][4]. Core Views - The recent successful bid for a major IDC project from a leading internet giant marks a significant milestone for the company's IDC business, with a total planned capacity of 160MW IT, of which the current project accounts for over 75% [4]. - The project aims to utilize 100% renewable energy by 2030, aligning with carbon peak goals, indicating strong growth potential for the company's intelligent computing center [4]. - The projected net profit for the company is estimated to be 30.7 billion, 40.1 billion, and 52.9 billion yuan for the years 2024, 2025, and 2026 respectively, with corresponding P/E ratios of 26.8, 20.5, and 15.5 times [4]. Financial Summary - Revenue is projected to grow from 12,916 million yuan in 2023 to 20,380 million yuan in 2026, reflecting a compound annual growth rate (CAGR) of approximately 22.8% [6]. - The net profit is expected to increase from 2,554 million yuan in 2023 to 5,294 million yuan in 2026, with a year-on-year growth rate of 32.1% in 2026 [6]. - The gross margin is forecasted to improve from 36.9% in 2023 to 43.3% in 2026, indicating enhanced operational efficiency [6].