Financial Performance - The company reported a total revenue of 500 million RMB for the first half of 2024, representing a 15% increase compared to the same period last year[1]. - The company's operating revenue for the first half of 2024 was ¥2,819,044,658.32, representing a 7.17% increase compared to ¥2,630,536,278.26 in the same period last year[11]. - The net profit attributable to shareholders decreased by 9.75% to ¥188,989,307.39 from ¥209,415,236.14 year-on-year[11]. - The company's net profit for the same period was 189 million yuan, a decrease of 9.75% year-on-year, while the net profit attributable to shareholders after deducting non-recurring gains and losses was 187 million yuan, down 8.23%[18]. - The company's total assets decreased by 9.18% to ¥6,516,279,418.72 from ¥7,174,980,231.17 at the end of the previous year[11]. - Basic earnings per share fell by 10.33% to ¥0.2274 from ¥0.2536 in the same period last year[11]. - The company's cash flow from operating activities improved, with cash received from sales of goods and services reaching 2.487 billion yuan, up 17.97% year-on-year[18]. - The company's net cash flow from operating activities improved to -¥887,024,188.55, an improvement from -¥1,119,691,414.97 in the previous year[11]. - The company's total liabilities decreased to CNY 3,388,880,046.47 from CNY 3,910,406,059.45, reflecting a reduction of about 13.3%[61]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next year[1]. - The company aims to expand its international business presence, increasing product and service recognition outside the mainland[15]. - The company plans to focus on market expansion and new product development in the upcoming quarters[65]. - The company is actively seeking new IT market opportunities in non-insurance sectors while enhancing customer retention and market share in existing sectors[15]. Research and Development - Research and development expenses increased by 30% to support new technology initiatives[1]. - The company invested 449 million yuan in R&D, accounting for 15.93% of its operating revenue, although R&D spending decreased by 5.64% year-on-year[20]. - The company emphasizes continuous R&D innovation and technology accumulation to enrich its product and service matrix across various industries[17]. - The company plans to enhance its R&D capabilities and increase investment in innovation to keep pace with technological advancements[33]. Cash and Liquidity - The company has maintained a strong cash position with 200 million RMB in cash reserves as of June 30, 2024[1]. - The company's cash and cash equivalents totaled CNY 2,721,059.25, with CNY 2,627,259.43 frozen due to litigation[27]. - The total cash and cash equivalents at the end of the period were 1,375,576,653.46 RMB, compared to 1,274,331,249.92 RMB at the end of the same period in 2023, reflecting an increase of 7.9%[73]. - The company reported a total cash balance of approximately ¥1.80 billion at the end of the period, down from ¥3.03 billion at the beginning of the period, indicating a decrease of about 40.5%[180]. Shareholder and Corporate Governance - The company has approved a three-year shareholder dividend return plan for 2024-2026 during the annual general meeting[34]. - The employee stock ownership plan holds 7,690,822 shares, with a lock-up period of 12 months[36]. - The company has committed to maintaining the interests of all shareholders and minimizing unnecessary non-recurring related transactions[50]. - The company will ensure that any share reduction plans are made public three trading days in advance[47]. Risk Management - The management highlighted potential risks including market competition and regulatory changes[1]. - The company faces intense competition in the software and information technology services industry, with increasing demand and potential new entrants[31]. - The company has recognized an increase in expected credit loss provisions due to changes in credit risk since initial recognition, impacting the current profit and loss statement[120]. Environmental and Social Responsibility - The company has achieved ISO14001 environmental management system certification since 2011, indicating compliance with international pollution control standards[39]. - The company received SA8000 social responsibility management system certification in May 2024, improving its social image and market competitiveness[42]. - The company emphasizes a green office environment, implementing measures to reduce pollution and enhance resource recycling[41]. - The company integrates environmental protection and social responsibility into its operational practices, contributing to sustainable development[42]. Financial Instruments and Accounting Policies - Financial instruments are classified into three categories: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[101]. - The company recognizes revenue when the customer obtains control of the related goods or services, which is determined by various indicators such as the transfer of legal ownership and the acceptance of goods by the customer[154]. - The company recognizes expected credit losses based on the weighted average of credit losses for financial instruments, considering past events, current conditions, and future economic forecasts[111]. Accounts Receivable and Bad Debt Provisions - The provision for bad debts for accounts receivable was CNY 332,754.92 million, with a provision ratio of 16.91%[188]. - The accounts receivable aging report shows that the balance for receivables aged within one year is CNY 679,007.93 million, down from CNY 793,762.35 million, a decrease of approximately 14.5%[187]. - The total bad debt provision for accounts receivable was CNY 98,805,186.09, representing 36.34% of the total accounts receivable[190]. - The accounts receivable from state-owned enterprises amounted to CNY 732,677.04 million, with a bad debt provision of CNY 123,880.28 million, reflecting a provision ratio of 16.91%[188].

证券代码：603927 证券简称：中科软 公告编号：2024-026 中科软科技股份有限公司 第八届监事会第八次会议决议公告 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。 一、监事会会议召开情况 中科软科技股份有限公司（以下简称"公司"）第八届监事会第 八次会议于 2024 年 8 月 26 日以现场结合通讯方式召开。本次会议通 知已于 2024 年 8 月 15 日以电子邮件、专人送达等方式送达各位监事。 会议应出席监事 3 人，实际出席监事 3 人。本次会议由第八届监事会 召集，监事会主席张正女士主持，本次会议的召开符合《中华人民共 和国公司法》等有关法律、行政法规、规范性文件以及《公司章程》 的规定。 二、监事会会议审议情况 3、提出本意见前，未发现参与报告编制和审议的人员存在违反 保密规定的行为。 经与会监事认真讨论，审议并通过了《2024 年半年度报告及其 摘要》的议案： 具体内容详见公司同日于上海证券交易所网站(www.sse.com.cn) 及指定信息披露媒体上披露的公司《2024 年半年度报告》、《2024 ...

证券代码：603927 证券简称：中科软 公告编号：2024-025 中科软科技股份有限公司 第八届董事会第八次会议决议公告 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。 表决结果：9 票同意；0 票反对；0 票弃权。 本议案已经公司董事会审计委员会 2024 年第三次会议以全票同 意的表决结果审议通过。 议案二、《关于修订<内部控制制度手册>的议案》 证券代码：603927 证券简称：中科软 公告编号：2024-025 一、董事会会议召开情况 中科软科技股份有限公司（以下简称"公司"）第八届董事会第八 次会议于 2024 年 8 月 26 日以现场结合通讯方式召开。本次会议通知 已于 2024 年 8 月 15 日以电子邮件、专人送达等方式送达各位董事。 本次会议应出席董事 9 人，实际出席董事 9 人；公司全体监事列席了 本次会议。本次会议由公司第八届董事会召集，董事长左春先生主持 会议，本次会议的召开符合《中华人民共和国公司法》等有关法律、 行政法规、规范性文件以及《公司章程》的规定。 二、董事会会议审议情况 经与会董 ...

重要内容提示： 证券代码：603927 证券简称：中科软 公告编号：2024-024 中科软科技股份有限公司 关于召开 2024 年半年度业绩说明会的公告 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法律责任。 会议召开时间：2024 年 08 月 29 日(星期四)下午 13:00-14:00 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 08 月 22 日(星期四)至 08 月 28 日(星期 三)16:00 前登录上证路演中心网站首页，点击"提问预征集"栏目 或通过公司邮箱 sinosoftzqb@sinosoft.com.cn 进行提问。公司将在 业绩说明会上对投资者普遍关注的问题进行回答。 一、业绩说明会类型 本次业绩说明会以网络互动形式召开，公司将针对 2024 年半年 度经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在 信息披露允许的范围内就投资者普遍关注的问题进行回答。 证券代码：6 ...

Investment Rating - The report maintains a "Buy" rating for the company [2][7]. Core Insights - The company has shown significant improvement in profitability and cash flow, with a notable increase in net profit and a positive trend in cash flow from operating activities [8][9]. - The overseas business is expected to drive sustainable high-quality development, with revenue from clients outside the mainland reaching 235 million yuan, a year-on-year increase of 15.41% [7]. - The company emphasizes a "similar reuse" development model, enhancing customer stickiness and improving management efficiency, which contributes to profitability [8]. Financial Performance Summary - **Revenue Forecast**: Projected revenues for 2024, 2025, and 2026 are 68.58 billion yuan, 73.43 billion yuan, and 80.27 billion yuan respectively, with growth rates of 5%, 7%, and 9% [7]. - **Net Profit Forecast**: Expected net profits for the same years are 7.20 billion yuan, 8.32 billion yuan, and 9.87 billion yuan, with corresponding growth rates of 10%, 16%, and 19% [7]. - **Earnings Per Share (EPS)**: EPS is projected to increase from 0.79 yuan in 2023 to 1.19 yuan in 2026 [2][7]. - **Cash Flow**: The company reported a net cash flow from operating activities of -6.32 billion yuan in Q1 2024, an improvement from -9.29 billion yuan in the same period last year [9]. Cost Control and Efficiency - The company has effectively controlled costs, with sales, management, and R&D expense ratios decreasing compared to the previous year [9]. - The cash flow improvement is attributed to increased cash receipts from sales and reduced cash payments for goods and services [9].

证券代码：603927 证券简称：中科软 公告编号：2024-021 中科软科技股份有限公司 2023 年年度权益分派实施公告 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： A 股每股现金红利 0.55 元 每股转增股份 0.4 股 相关日期 二、分配、转增股本方案 1、发放年度：2023 年年度 2、分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结 公司不存在首发战略配售股份 每股分配比例，每股转增比例 算有限责任公司上海分公司（以下简称"中国结算上海分公司"）登记 在册的本公司全体股东。 3、分配方案： 本 次 利 润 分 配 及 转 增 股 本 以 方 案 实 施 前 的 公 司 总 股 本 593,600,000 股为基数，每股派发现金红利 0.55 元（含税），以资本公 积金向全体股东每股转增 0.4 股，共计派发现金红利 326,480,000 元， 转增 237,440,000 股，本次分配后总股本为 831,040,000 股。 | | | | | 流通股份上市日 | 发放 ...

证券代码：603927 证券简称：中科软 公告编号：2024-020 中科软科技股份有限公司 一、会议召开和出席情况 （一）股东大会召开的时间：2024 年 5 月 7 日 （二）股东大会召开的地点：北京市海淀区中关村新科祥园甲 6 号楼 公司三楼会议室 （三）出席会议的普通股股东和恢复表决权的优先股股东及其持有 股份情况： 2023 年年度股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 | 1、出席会议的股东和代理人人数 37 | | --- | | 2、出席会议的股东所持有表决权的股份总数（股） 257,618,906 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份总数的比例（%） 43.40 | | （四）表决方式是否符合《公司法》及《公司章程》的规定，大会主 | 持情况等。 本次 2023 年年度股东大会由公司董事会召集，董事长左春先生 主持，本次会议采用现场投票和网络投票相结合的表决方式。会议的 召集、召开和表决方式符合《中华人民共和国公司 ...

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Investment Rating - The investment rating for the company is "Buy-A," indicating an expected investment return of 15% or more over the next six months compared to the CSI 300 index [17]. Core Views - The company experienced a revenue decline of 3.01% in 2023, but managed to achieve a net profit growth of 2.59% due to improved project quality, leading to higher gross and net profit margins [34][38]. - The company is actively exploring AIGC applications and has seen significant growth in its "Insurance+" strategy, which generated direct business revenue of 130 million yuan, a year-on-year increase of 55.66% [35][38]. - The company is expected to achieve revenues of 70.13 billion yuan, 75.71 billion yuan, and 81.91 billion yuan in 2024, 2025, and 2026 respectively, with net profits projected at 7.65 billion yuan, 8.92 billion yuan, and 10.30 billion yuan [38]. Summary by Sections Financial Performance - In 2023, the company reported total revenue of 6.5026 billion yuan and a net profit of 654.7 million yuan, with a gross margin of 31.56%, up 2.27 percentage points from 2022 [4][34]. - The company has a backlog of approximately 2.5 billion yuan in system integration project contracts, which supports future revenue growth [6]. Cost Management - The company's sales, management, and R&D expenses increased by 1.04%, 18.06%, and 4.84% respectively in 2023, indicating effective cost control overall [16]. Market Position and Strategy - The company maintains a strong competitive position in the insurance IT sector, leveraging opportunities from the IFRS17 system construction and domestic adaptation of core insurance business systems [6][35]. - The company is developing a MaaS platform to enhance AIGC capabilities and is focusing on integrating insurance services with government and healthcare sectors [35].

Investment Rating - The report maintains a "Buy-A" investment rating for the company, with a 6-month target price of 38.64 CNY, corresponding to a 30x dynamic P/E ratio for 2024 [11][31]. Core Insights - The company achieved a gross margin of 31.56% in 2023, an increase of 2.27 percentage points year-on-year, attributed to improved project quality and a strategic reduction in high-risk projects [1]. - In 2023, the company reported operating revenue of 6.503 billion CNY, a decrease of 3.01% year-on-year, while net profit attributable to shareholders was 655 million CNY, an increase of 2.59% [4]. - The company is optimistic about profit growth in 2024, despite short-term revenue pressure due to downstream client acceptance delays [4][31]. - The "Insurance+" strategy has generated direct business revenue of 130 million CNY, reflecting a year-on-year growth of 55.66% [10]. Financial Performance - The company’s revenue is projected to recover, with expected operating revenues of 7.013 billion CNY in 2024, 7.571 billion CNY in 2025, and 8.191 billion CNY in 2026 [14][31]. - The net profit is forecasted to reach 765 million CNY in 2024, 892 million CNY in 2025, and 1.030 billion CNY in 2026 [14][31]. - The gross margin is expected to improve to 32.0% in 2024 and further to 32.5% in 2025 [15]. Business Strategy - The company is actively exploring AIGC applications and has developed a software integration platform to enhance client capabilities in utilizing AIGC [19][22]. - The company maintains a strong market position and customer loyalty in the insurance IT sector, focusing on opportunities arising from industry transformations [9][10].