Investment Rating - The report maintains a "Buy" rating for the company [4][6]. Core Views - The company's 2024 performance report shows total revenue of 13.166 billion yuan, a year-on-year decrease of 8.27%, while net profit attributable to shareholders increased by 4.26% to 1.914 billion yuan, aligning with market expectations [1]. - The company is focusing on optimizing its product structure and providing diverse, high-quality solutions to enhance operational efficiency and maintain profitability amid intense domestic competition [1]. - The company is positioned to benefit from the national strategy for computing power infrastructure, with plans to exceed 300 EFLOPS by 2025, and is actively participating in the construction of computing service platforms across various cities [3]. Summary by Sections Financial Performance - In Q4 2024, the company achieved a net profit of 1.144 billion yuan, a year-on-year growth of 5.34%, with a net profit excluding non-recurring items of 930 million yuan, up 7.1% year-on-year [1]. - For 2024, the company expects revenues of 13.173 billion yuan, with net profits projected at 1.909 billion yuan, reflecting a growth rate of 4.0% [5]. Asset Valuation - The company holds several high-quality assets, including Haiguang Information, which reported a revenue of 9.162 billion yuan in 2024, a 52.40% increase year-on-year, and a net profit of 1.929 billion yuan, up 52.73% [2]. - The company benefits from its affiliation with the Chinese Academy of Sciences, leveraging its technological advantages for collaborative innovation and industrial application [2]. Market Positioning - The company is strategically positioned within the national computing power internet platform, which is expected to enhance its long-term profitability [3]. - The company is actively involved in the development of intelligent computing centers and aims to provide solutions for a nationwide integrated computing system [3].

Investment Rating - The report maintains a "Buy" rating for the company [4][6] Core Views - The company's performance report for 2024 shows total revenue of 13.166 billion yuan, a year-on-year decrease of 8.27%, while net profit attributable to shareholders increased by 4.26% to 1.914 billion yuan, aligning with market expectations [1] - The company's strategic focus on optimizing product structure and providing diverse, high-quality solutions has enhanced operational efficiency and maintained core business profitability [1] - The company is positioned to benefit from the national push for high-quality development in computing infrastructure, with plans to exceed 300 EFLOPS in computing power by 2025 [3] Financial Performance Summary - For 2024, the company expects revenues of 13.173 billion yuan, with a projected net profit of 1.909 billion yuan, reflecting a growth rate of 4.0% [5] - The company reported a net profit of 1.144 billion yuan in Q4 2024, a year-on-year increase of 5.34% [1] - The financial metrics indicate a projected EPS of 1.30 yuan for 2024, with a P/E ratio of 58.5 [5][6] Asset Valuation and Growth Potential - The company holds several high-quality assets, including Haiguang Information, which reported a revenue increase of 52.40% to 9.162 billion yuan in 2024 [2] - The company benefits from its affiliation with the Chinese Academy of Sciences, which supports ongoing technological incubation and collaboration [2] - The report highlights the potential for asset revaluation and continued growth through strategic partnerships and innovation [2]

证券代码：603019 证券简称：中科曙光 公告编号：2025-014 曙光信息产业股份有限公司 关于取消 2025 年第二次临时股东大会的公告 特别提示 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。 | 股份类别 | 股票代码 | 股票简称 | 股权登记日 | | --- | --- | --- | --- | | Ａ股 | 603019 | 中科曙光 | 2025/2/21 | 二、 取消原因 因公司变更定期报告披露日期并将于 2025 年 3 月 5 日披露 2024 年年度 报告，且计划于次月召开年度股东大会，基于简化决策程序、提高办公效率、 降低成本的考虑，结合公司工作安排，公司决定取消原定于 2025 年 3 月 4 日召开的 2025 年第二次临时股东大会，并将拟审议议案提交 2024 年年度股 东大会审议。 2. 取消股东大会的召开日期：2025 年 3 月 4 日 3. 取消的股东大会的股权登记日 三、 所涉及议案的后续处理 公司原定于 2025 年 3 月 4 日召开 2025 年第二次临时股东大会，审议 ...

Financial Performance - Total revenue for 2024 was approximately RMB 13.17 billion, a decrease of 8.27% compared to the previous year[4] - Net profit attributable to shareholders was RMB 1.91 billion, representing a growth of 4.26% year-over-year[6] - The net profit excluding non-recurring gains and losses was RMB 1.37 billion, with a year-over-year increase of 7.59%[6] - Basic earnings per share increased to RMB 1.31, up 3.97% from the previous year[4] Assets and Equity - Total assets at the end of the reporting period reached RMB 36.62 billion, reflecting a growth of 15.83%[4] - Shareholders' equity attributable to the company was RMB 20.41 billion, an increase of 9.41% compared to the beginning of the period[4] Return on Investment - The weighted average return on net assets decreased to 9.82%, down from 10.30% in the previous year[4] Strategic Focus - The company focused on optimizing product structure and providing diverse, high-quality solutions to enhance operational efficiency[6] Financial Data Disclaimer - The financial data presented is preliminary and unaudited, with potential discrepancies not exceeding 20% expected[7] - The company emphasizes the importance of investor awareness regarding investment risks due to the preliminary nature of the financial data[3]

Core Viewpoint - Zhongke Shuguang (603019) reported a decline in total revenue for the fiscal year 2024, while net profit showed an increase, indicating a mixed performance amid competitive market conditions [1] Financial Performance - The company achieved total revenue of 13.166 billion yuan, a year-on-year decrease of 8.27% [1] - Net profit reached 1.914 billion yuan, reflecting a year-on-year increase of 4.26% [1] - Basic earnings per share were reported at 1.31 yuan [1] Operational Strategy - In response to intense domestic market competition, the company focused on optimizing product structure and providing diverse, high-quality solutions to clients [1] - Efforts to reduce operational costs contributed to improved operational efficiency [1] - The company maintained its core business profitability despite the revenue decline [1]

Quantitative Models and Construction Methods 1. Model Name: CSI Artificial Intelligence Theme Index (930713.CSI) - **Model Construction Idea**: The index selects 50 stocks from the entire market that are involved in providing foundational resources, technologies, and application support for artificial intelligence, reflecting the overall performance of AI-themed listed companies[31][32] - **Model Construction Process**: - **Sample Space**: Same as the CSI All Share Index sample space - **Selection Method**: 1. Filter securities that meet investability criteria and are involved in AI-related fields such as big data, cloud computing, machine learning, and intelligent chips 2. Rank the securities by daily average total market capitalization over the past year and select the top 50 as index samples - **Weighting Method**: Free-float market capitalization weighting with a tiered adjustment algorithm - **Index Calculation**: $$ \text{Index Value} = \frac{\text{Adjusted Market Value of Samples}}{\text{Divisor}} \times 1000 $$ Where adjusted market value = ∑(stock price × adjusted shares × weight factor) - **Index Adjustment**: - Regular adjustments: Conducted semi-annually in June and December - Temporary adjustments: Made for events like delisting, mergers, or acquisitions[32] - **Model Evaluation**: The index is characterized by high return elasticity and broad coverage of AI-related industries, making it a representative benchmark for the AI sector[30][31] --- Model Backtesting Results 1. CSI Artificial Intelligence Theme Index - **Annualized Return**: 20.59%[49] - **Annualized Volatility**: 35.55%[49] - **Maximum Drawdown**: -44.99%[49] - **Sharpe Ratio**: 0.78[49]

关于计提 2024 年度资产减值准备的公告 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。 证券代码：603019 证券简称：中科曙光 公告编号：2025-012 曙光信息产业股份有限公司 特别提示： 本次计提资产减值准备的金额是公司财务部门的初步核算数据，未经会 计师事务所审计。具体减值项目及金额以公司 2024 年度经审计的财务报告为准， 公司将根据相关法律法规要求及时履行信息披露义务。敬请广大投资者注意投 资风险。 曙光信息产业股份有限公司（以下简称"公司"）于2025年2月20日召开第 五届董事会第十八次会议，审议通过了《关于计提2024年度资产减值准备的议案》， 同意公司依据实际情况计提资产减值准备。 一、本次计提资产减值准备情况概述 为客观反映公司2024年度的财务状况和经营成果，根据《企业会计准则》等 相关规定，基于谨慎性原则，公司对有关资产进行预期信用损失评估，同时对可 能出现减值迹象的相关资产进行了减值测试。经评估测试，2024年度公司因上述 事项拟计提资产减值准备合计23,495.13万元，具体情况如 ...

| | | 曙光信息产业股份有限公司 2025 年第二次临时股东大会 会议材料 二〇二五年三月四日 曙光信息产业股份有限公司 2025 年第二次临时股东大会会议议程 现场会议时间：2025 年 3 月 4 日 14 点 00 分 网络投票时间：2025 年 3 月 4 日 9:15-9:25，9:30-11:30，13:00-15:00 现场会议地点：北京市海淀区中关村软件园 36 号楼会议室 会议议程： 一、主持人宣布会议开始并报告会议出席情况。 二、审议以下议案： | 序号 | 议案名称 | | --- | --- | | 1 | 关于修订《公司章程》的议案 | | 2 | 关于修订《股东大会议事规则》的议案 | 1、公司董事、监事及高级管理人员接受股东就以上议案相关问题的提问。 2、推举现场会议计票人、监票人。 3、出席现场会议股东（或股东代表）对会议议案投票表决。 4、统计现场投票结果。 三、现场会议结束，等待网络投票结果。 四、统计现场及网络投票汇总结果。 五、宣布本次会议审议事项表决结果及股东大会决议。 六、律师发表对本次股东大会的见证意见。 七、相关人员签署会议文件。 八、本次股东大会会议结束。 ...

曙光信息产业股份有限公司 证券代码：603019 证券简称：中科曙光 公告编号：2025-011 公司注册资本变更为 1,463,203,784（壹拾肆亿陆仟叁佰贰拾万零叁仟柒佰 捌拾肆）元人民币，公司进行了注册资本工商变更登记并取得了天津滨海高新技 术产业开发区市场监督管理局换发的《企业法人营业执照》（统一社会信用代码： 91120000783342508F）。 特此公告。 关于完成注册资本工商变更登记的公告 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。 经曙光信息产业股份有限公司（以下简称"公司"或"中科曙光"）第五届 董事会第十一次会议、2024 年第一次临时股东大会审议，同意公司根据回购注 销导致的注册资本变更结果，修改《公司章程》中的相关条款并办理工商变更登 记手续，详见公司在《中国证券报》、《上海证券报》、《证券时报》和上海证 券交易所网站（www.sse.com.cn)上发布的公告（公告编号：2024-035）。 曙光信息产业股份有限公司董事会 2025 年 2 月 18 日 1 ...

曙光信息产业股份有限公司 章 程 （2025 年 2 月修订） | | 第一章 总则 - 3 - | | | --- | --- | --- | | | 第二章 经营宗旨和范围 - 4 - | | | 第三章 | 股份 - 4 - | | | 第一节 | 股份发行 - 4 - | | | 第二节 | 股份增减和回购 - | 5 - | | 第三节 | 股份转让 - | 6 - | | 第四章 | 股东和股东大会 - 7 - | | | 第一节 | 股东 - | 7 - | | 第二节 | 股东大会的一般规定 - | 9 - | | 第三节 | 股东大会的召集 - | 13 - | | 第四节 | 股东大会的提案与通知 - | 15 - | | 第五节 | 股东大会的召开 - | 17 - | | 第六节 | 股东大会的表决和决议 - | 20 - | | 第五章 | 董事会 - 23 - | | | 第一节 | 董事 - | 23 - | | 第二节 | 董事会 - | 26 - | | 第六章 | 总经理及其他高级管理人员 - 31 - | | | 第七章 | 监事会 - 33 - | | | 第一节 | ...