Investment Rating - The report assigns a "Buy" rating for the company with a target price of 37.80 CNY over the next six months [1]. Core Insights - The company reported a revenue of 2.45 billion CNY for 2023, representing a year-on-year growth of 20.7%. The net profit attributable to shareholders was 18.79 million CNY, up 23.7% year-on-year, with a significant increase in the computing power business [1][38]. - The computing power business has emerged as a new growth driver, with the company actively engaging in projects aligned with the national "East Data West Computing" strategy [1][31]. - The company has shown improved profitability, with a comprehensive gross margin of 8% and a net profit margin of -0.4% for 2023, indicating effective cost control [1][66]. Summary by Sections Financial Performance - In Q4 2023, the company achieved a revenue of 1.08 billion CNY, a year-on-year increase of 32.0% and a quarter-on-quarter increase of 91.2%. The net profit for the same quarter was 48.99 million CNY, up 175.5% year-on-year [1][38]. - For Q1 2024, the company reported a revenue of 810 million CNY, a remarkable year-on-year growth of 215.3%, and a net profit of 22.20 million CNY, marking a turnaround from losses [1][38]. Business Segments - The company’s revenue from the communication market accounted for 56.1%, while the intelligent computing market contributed 43.5%. The intelligent computing segment saw a significant revenue increase due to server sales and IDC business growth [1][38]. - The company has established partnerships with local governments to promote self-owned computing power projects and has become a specific industry agent for leading domestic GPU manufacturer "Muxi" [1][31]. Profitability and Cost Control - The company maintained a good control over expenses, with sales, management, and financial expense ratios decreasing in 2023 compared to the previous year [1][66]. - The gross margin for the intelligent computing business reached 6.3% in 2023, reflecting the successful transformation of the business model [1][38]. Future Outlook - The company forecasts EPS of 0.7 CNY, 1.05 CNY, and 1.54 CNY for 2024, 2025, and 2026, respectively, with corresponding dynamic PE ratios of 44x, 30x, and 20x [1][45]. - The report anticipates a revenue compound annual growth rate (CAGR) of 36.3% over the next three years, driven by the booming computing power sector [1][45].

Financial Performance - The company's operating revenue for Q1 2024 reached ¥813,602,191.78, representing a significant increase of 215.26% compared to the same period last year[4] - Net profit attributable to shareholders was ¥22,202,184.93, with a net profit excluding non-recurring gains and losses of ¥21,694,955.87[4] - Basic and diluted earnings per share were both ¥0.14[4] - The company reported a net loss of RMB 70,602,426.30 for the first quarter of 2024, an improvement compared to a net loss of RMB 92,804,611.23 in the same period last year[16] - Net profit for Q1 2024 was ¥21.68 million, a turnaround from a net loss of ¥23.29 million in Q1 2023[21] - Basic earnings per share for Q1 2024 improved to ¥0.14, compared to a loss of ¥0.13 per share in Q1 2023[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥73,702,448.01, primarily due to payments for supplier procurement[7] - Cash flow from operating activities showed a net outflow of ¥73.70 million in Q1 2024, worsening from a net outflow of ¥46.25 million in Q1 2023[24] - Cash and cash equivalents decreased significantly from RMB 211,913,249.99 to RMB 101,621,334.74, a decline of approximately 52.0%[14] - Cash and cash equivalents at the end of Q1 2024 were ¥67.20 million, down from ¥174.26 million at the end of Q1 2023[25] - The company reported a total investment cash outflow of ¥1.41 million in Q1 2024, compared to ¥2.14 million in Q1 2023[25] - Financing activities generated a net cash inflow of ¥50.00 million in Q1 2024, compared to a smaller inflow of ¥4.09 million in Q1 2023[25] - The company received ¥100 million in borrowings during Q1 2024, an increase from ¥60 million in Q1 2023[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,289,309,265.82, up 4.69% from the end of the previous year[5] - The company's current assets totaled RMB 1,741,053,521.40, up from RMB 1,609,417,475.91, indicating an increase of about 8.2%[14] - The company's total liabilities increased to RMB 1,935,519,750.17 from RMB 1,854,881,342.41, marking a rise of about 4.3%[16] - The equity attributable to shareholders improved from RMB 295,355,421.26 to RMB 317,557,606.19, reflecting an increase of approximately 7.5%[16] Operational Highlights - The company attributed the significant revenue growth to the expected income from its computing power business[7] - Total operating costs for Q1 2024 were ¥785.57 million, up from ¥278.45 million in Q1 2023, reflecting a 182.5% increase[20] - The weighted average return on equity increased by 16.43 percentage points to 7.24%[4] - The total number of common shareholders at the end of the reporting period was 30,250[9] - Non-recurring gains and losses amounted to ¥507,229.06, after accounting for tax effects and minority interests[7] - The company has not reported any significant changes in shareholder structure or major financing activities during the reporting period[12] Inventory and Receivables - Accounts receivable rose to RMB 644,939,582.74 from RMB 560,883,039.89, representing an increase of around 15.0%[14] - Inventory increased from RMB 140,853,880.24 to RMB 152,710,528.02, which is an increase of about 8.4%[14] - The company reported a significant decrease in credit impairment losses, which were ¥3.35 million in Q1 2024, compared to ¥9.46 million in Q1 2023[20]

超讯通信股份有限公司 2023 年度 审计报告 | 索引 | | 页码 | | --- | --- | --- | | 审计报告 | | 1-4 | | 公司财务报表 | | | | — | 合并资产负债表 | 1-2 | | — | 母公司资产负债表 | 3-4 | | — | 合并利润表 | 5 | | — | 母公司利润表 | 6 | | — | 合并现金流量表 | 7 | | — | 母公司现金流量表 | 8 | | — | 合并股东权益变动表 | 9-10 | | — | 母公司股东权益变动表 | 11-12 | | — | 财务报表附注 | 13-109 | 信永中和会计师事务所 | 北京市东城区朝阳门北大街 8 号富华大厦 A 座 9 层 联系电话: +86 (010) 6554 2288 telephone: +86 (010) 6554 2288 c accountants 100027. P.R.China 9/F. Block A. Fu Hua Mans No.8. Chaoyangmen Bei Donachena District. Beijin 审计报告 XYZH/2024GZA ...

超讯通信股份有限公司 公司章程 超讯通信股份有限公司 章程 二〇二四年四月（拟修订） 1 | 第一章 | 总则 | 3 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 4 | | 第三章 | 股份 | 5 | | 第四章 | 股东和股东大会 | 8 | | 第五章 | 董事会 | 22 | | 第六章 | 总经理及其他高级管理人员 | 30 | | 第七章 | 监事会 | 32 | | 第八章 | 财务会计制度、利润分配和审计 | 34 | | 第九章 | 通知和公告 | 37 | | 第十章 | 合并、分立、增资、减资、解散和清算 | 38 | | 第十一章 | 修改章程 | 40 | | 第十二章 | 附则 | 41 | 第九条 公司全部资产分为等额股份，股东以其认购的股份为限对公司承担责任，公 司以其全部资产对公司的债务承担责任。 第十条 本公司章程自生效之日起，即成为规范公司的组织与行为、公司与股东、股 东与股东之间权利义务关系的具有法律约束力的文件，对公司、股东、董事、监事、高 级管理人员具有法律约束力的文件。依据本章程，股东可以起诉股东，股东可以起诉公 超讯通信股份 ...

Financial Performance - The company's operating revenue for 2023 reached ¥2,444,980,148.84, representing a 20.69% increase compared to ¥2,025,842,859.98 in 2022[22]. - Net profit attributable to shareholders was ¥18,788,142.55, a 23.69% increase from ¥15,189,630.89 in the previous year[22]. - The basic earnings per share for 2023 was ¥0.12, up 20.00% from ¥0.10 in 2022[25]. - The weighted average return on equity increased to 7.94%, up 0.39 percentage points from 7.55% in 2022[25]. - The company's net assets attributable to shareholders increased by 30.05% to ¥295,355,421.26 from ¥227,117,570.85 in 2022[22]. - The company reported a quarterly revenue of ¥1,079,900,256.76 in Q4 2023, marking a strong finish to the year[27]. - The company recorded a net profit of ¥48,997,338.85 in Q4 2023, a significant recovery from losses in the earlier quarters[27]. - In 2023, the company achieved operating revenue of 2.445 billion RMB, a year-on-year increase of 20.69%, and a net profit attributable to shareholders of 18.7881 million RMB, up 23.69% from the previous year[33]. Business Operations - The company experienced substantial growth in its computing power business, which significantly contributed to the increase in revenue and net profit[25]. - The company's computing power business revenue increased significantly, accounting for 44% of total revenue, up from 27% in the previous year[54]. - The company plans to continue expanding its computing power business and exploring new market opportunities in the upcoming year[25]. - The company signed a strategic cooperation agreement with six parties, including China Power Engineering Consulting Group, to provide integrated computing power construction services for the "East Data West Computing" project[33]. - The company became the industry general agent for the domestic GPU brand "Muxi" and secured a customized server procurement order worth 600 million RMB for its own brand "Yuanxing" servers[34]. - The company successfully entered the ICT service market, being shortlisted for 16 provincial-level ICT integration service libraries and winning several data analysis service projects[37]. - The company plans to continue exploring opportunities in the new energy sector, including charging stations and photovoltaics[48]. Risk Management - The management has provided a risk statement regarding forward-looking statements, indicating potential investment risks[6]. - The company has detailed potential risks in the "Management Discussion and Analysis" section of the report[8]. - The company acknowledges the risk of high accounts receivable and potential bad debts, emphasizing the need for dynamic management of receivables[91]. - The company faces customer concentration risk, particularly with China Mobile as a major client, and plans to diversify its customer base[91]. Governance and Compliance - The report includes a commitment from the board of directors and management to ensure the accuracy and completeness of the financial report[9]. - The company has not disclosed any significant changes in its governance structure or major operational strategies in the report[10]. - The supervisory board consists of 3 supervisors, including 1 employee representative, and held 8 meetings throughout the year to oversee the board's decision-making processes[97]. - The company strictly adheres to relevant regulations for information disclosure, ensuring timely and accurate communication to protect the rights of investors, especially minority shareholders[97]. - The company has implemented a registration management system for insider information, ensuring confidentiality and compliance with regulations to prevent information leaks[97]. - The company has not faced any penalties from securities regulatory agencies in the past three years[110]. Financial Management - The company plans to actively broaden financing channels to optimize its financial structure, considering various refinancing options[90]. - The company reported a significant decrease in other income, down 59.74% to 7,842,791.57 CNY, primarily due to reduced government subsidies[52]. - Investment income dropped by 90.39% to 7,647,127.25 CNY compared to the previous year[52]. - The company's cash and cash equivalents decreased by 26.55% to RMB 211.91 million compared to the previous period[75]. - The company has established an internal control system that complies with the requirements of the Ministry of Finance and the China Securities Regulatory Commission, ensuring the legality and compliance of business operations[129]. Shareholder Relations - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the fiscal year 2023[5]. - The annual shareholders' meeting was held on May 17, 2023, with resolutions published on May 18, 2023[99]. - The company has a cash dividend policy in place, which was reviewed and approved during the reporting period, ensuring protection of minority shareholders' rights[125]. - The company has not made any adjustments to its cash dividend policy during the reporting period, maintaining consistency in shareholder returns[126]. Environmental and Social Responsibility - The company made a total donation of 17.3 million yuan during the reporting period, including 3 million yuan to the Guangdong Red Cross and 9.3 million yuan for poverty alleviation projects[135]. - The company actively promotes energy-saving and environmental protection initiatives, implementing measures to reduce resource consumption[134]. - The company has established a mechanism for environmental protection and is not classified as a key pollutant discharge unit by environmental authorities[133]. Audit and Financial Reporting - The company received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[4]. - The audit report confirms that the financial statements fairly reflect the company's financial position as of December 31, 2023[193]. - The company has complied with all major aspects of the accounting standards in preparing its financial statements[194]. - The company did not disclose any non-operating fund occupation situations inconsistent with the special audit opinions[150].

证券代码：603322 证券简称：超讯通信 公告编号：2024-018 超讯通信股份有限公司 关于会计政策变更的公告 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。 超讯通信股份有限公司（以下简称"公司"）于2024年4月25日召开第五届 董事会第二次会议及第五届监事会第二次会议，审议通过了《关于变更会计政 策的议案》，本次会计政策变更无需提交股东大会审议，现将具体情况公告如 下： 一、本次会计政策变更概况 （一）会计政策变更原因 1 日起执行该规定。对解释"关于供应商融资安排的披露"内容在首次执行第 17 号解释的规定时，无需披露可比期间相关信息，公司自 2024 年 1 月 1 日起执行 该规定。"关于售后租回交易的会计处理"内容允许企业自发布年度提前执行， 若提前执行还应当在财务报表附注中披露相关情况，公司自 2024 年 1 月 1 日起 执行该规定。 （五）变更程序 公司于 2024 年 4 月 25 日召开第五届董事会第二次会议、第五届监事会第二 次会议，审议通过了《关于变更会计政策的议案》。根据《上海证券交 ...

关于超讯通信股份有限公司 2022 年股票期权激励计划之注销部分股票期权的 法律意见书 国枫律证字[2022]AN202-5 号 GRANDWAY 北京国枫律师事务所 北京国枫律师事务所 Grandway Law Offices 北京市东城区建国门内大街26号新闻大厦7层 邮编:100005 电话（Tel）: 010-88004488/66090088 | 传真（Fax): 010-66090016 北京国枫律师事务所 关于超讯通信股份有限公司 2022 年股票期权激励计划之注销部分股票期权的 法律意见书 国枫律证字[2022]AN202-5 号 致:超讯通信股份有限公司 北京国枫律师事务所(以下简称"本所")接受超讯通信股份有限公司(以 下简称"超讯通信"或"公司")的委托,担任公司 2022年股票期权激励计划(以 下简称"本激励计划")的专项法律顾问,根据《中华人民共和国公司法》《中华 人民共和国证券法》《上市公司股权激励管理办法》等法律、行政法规、部门规 章及其他规范性文件和《超讯通信股份有限公司章程》《超讯通信股份有限公司 2022 年股票期权激励计划》(以下简称"《2022 年激励计划》")的有关规 ...

超讯通信股份有限公司 2023 年度独立董事述职报告 （第四届董事会独立董事 曾明） 本人曾明作为超讯通信股份有限公司（以下简称"公司"）第四届董事会的独 立董事，担任第四届董事会提名委员会的主任委员，并兼第四届董事会战略委员 会的委员，在 2023 年度（以下简称"本年度"）工作中严格按照《公司法》、《公 司章程》以及《超讯通信股份有限公司独立董事工作制度》等有关法律、法规的 规定，勤勉、尽责、积极发挥独立董事的独立作用，积极出席相关会议，认真审 议董事会各项议案，对公司的生产经营和业务发展提出合理的建议，充分发挥了 独立董事作用，认真维护了公司股东尤其是中小股东的合法权益。现就本人 2023 年度履行独立董事职责情况汇报如下： 一、独立董事基本情况 曾明，博士研究生学历。2003 年至 2011 年为华南理工大学教师；2011 年至 今任广东省物联网协会秘书长；自 2018 年至 2023 年 12 月任公司董事会独立董 事。 二、独立性的情况说明 2023 年，本人对独立性情况进行了自查，确认已满足各项监管规定中对于 出任公司独立董事所应具备的独立性要求，并将自查情况提交董事会；董事会对 本人的独立性情 ...

超讯通信股份有限公司 关于未弥补亏损达到实收股本总额三分之一的公告 证券代码：603322 证券简称：超讯通信 公告编号：2024-021 （一）2019 年度亏损的主要原因 公司 2019 年度归属于上市公司股东的净利润为亏损 9,334 万元，主要原因 是：1、通信技术服务业务因客户预算不足、投资不足等因素导致收入下滑，但 通信技术服务业务刚性成本无法下降；2、报告期内公司信用减值损失增加，且 成都昊普环保技术有限公司（以下简称"昊普环保"）商誉存在减值迹象，计提 了商誉减值准备；3、报告期内公司向银行贷款导致财务费用增加。 （二）2021 年度亏损的主要原因 公司 2021 年度归属于上市公司股东的净利润为亏损 23,082 万元，主要原因 是：1、报告期内控股子公司上海桑锐电子科技股份有限公司（以下简称"桑锐 电子"）由于收入大幅下滑及应收账款计提坏账导致亏损，公司判断桑锐电子商 誉和无形资产发生减值，计提商誉和无形资产减值准备金额约 11,300 万元，同 时报告期内公司收到桑锐电子业绩承诺方 2020 年业绩补偿款 1,480 万元，剩余 未收回业绩补偿款计提信用减值准备金额约 1,000 万元； ...

证券代码：603322 证券简称：超讯通信 公告编号：2024-022 超讯通信股份有限公司 关于续聘会计师事务所的公告 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。 重要内容提示： 拟聘任的会计师事务所名称：信永中和会计师事务所（特殊普通合伙） 一、拟聘任会计师事务所的基本情况 1、机构信息 名称：信永中和会计师事务所（特殊普通合伙） 成立日期：2012 年 3 月 2 日 组织形式：特殊普通合伙企业 注册地址：北京市东城区朝阳门北大街 8 号富华大厦 A 座 8 层 首席合伙人：谭小青先生 截止 2023 年 12 月 31 日，信永中和合伙人（股东）245 人，注册会计师 1656 人。签署过证券服务业务审计报告的注册会计师人数超过 660 人。 信永中和 2022 年度业务收入为 39.35 亿元，其中，审计业务收入为 29.34 亿元，证券业务收入为 8.89 亿元。2022 年度，信永中和上市公司年报审计项目 366 家，收费总额 4.62 亿元，涉及的主要行业包括制造业，信息传输、软件和 信息技术服务业， ...