Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between 314 million to 373 million yuan, representing a decrease of 43.03% to 52.04% compared to the previous year[3]. - The net profit after deducting non-recurring gains and losses is projected to be between 304 million to 363 million yuan, reflecting a decline of 43.75% to 52.89% year-over-year[5]. - The net profit for the previous year was 654.71 million yuan, with a net profit of 645.31 million yuan after deducting non-recurring gains and losses[6]. Reasons for Performance Decline - The decline in performance is attributed to reduced IT investments from some clients and extended project execution cycles, leading to a decrease in software business revenue and gross margin[7]. Audit and Forecast Accuracy - The company has communicated with its annual audit firm regarding the performance forecast, indicating no significant uncertainties affecting the accuracy of the forecast[8]. - The forecast data is preliminary and subject to final audited financial results to be disclosed in the 2024 annual report[10].

Group 1: Investor Relations Activities - The investor relations activities included specific object research and analyst meetings, with participation from various securities firms and funds [2] - Key participants included firms such as Industrial Securities, Northeast Securities, and HSBC Qianhai Securities, among others [2] - The activities took place on multiple dates in December 2024, including site visits and meetings [2] Group 2: Company Performance and Financials - The company reported an increase in revenue for the first three quarters of the year, but profit margins were affected by a decline in insurance IT revenue [6] - Insurance business accounted for over 50% of total revenue, while government projects contributed around 15% [6] - Non-insurance business showed good growth, particularly in integration projects, which are expected to provide opportunities for software business expansion [6] Group 3: Market Opportunities and Challenges - The company is actively exploring opportunities in the integration of medical insurance and commercial insurance, driven by policy changes and system upgrades [2] - There is a focus on expanding overseas markets, although the process is lengthy and carries uncertainties [6] - The company is enhancing cash flow management and increasing efforts to collect long-term receivables [6] Group 4: AI and Technological Development - The company is prioritizing AI applications in vertical industries, aiming to integrate AI with existing systems [6] - The MaaS (Model as a Service) platform is a key focus area, emphasizing data processing and model training capabilities [3] - The company has a strong market share in the insurance sector and is expanding into other industries, leveraging its domain knowledge [3]

中科软科技股份有限公司 证券代码：603927 证券简称：中科软 公告编号：2024-031 关于 2023 年员工持股计划股票出售完毕的公告 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。 中科软科技股份有限公司（以下简称"公司"）2023 年员工持 股计划（以下简称"本员工持股计划"）所持有的公司股票已全部出 售完毕。根据《关于上市公司实施员工持股计划试点的指导意见》、 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等规 定，现将相关情况公告如下： 截至本公告披露日，本员工持股计划所持有的公司股票已全部出 售完毕。公司在实施本员工持股计划期间，严格遵守市场交易规则， 遵守中国证监会、上海证券交易所关于信息敏感期不得买卖股票的规 定，不存在利用内幕信息进行交易的情形。后续管理委员会将根据本 员工持股计划的有关规定完成相关资产清算和分配等工作。 特此公告。 中科软科技股份有限公司 董事会 2023 年 4 月 20 日，公司发布了《关于 2023 年员工持股计划完 成股票非交易过户的公告》（公告编号：2023-0 ...

中科软科技股份有限公司 投资者关系活动记录表 证券简称：中科软 证券代码：603927 编号：2024-001 | --- | --- | --- | |-----------------------|------------------------------------------------------------|-----------------------------------------------------------------------------------------------------| | 投资者关系 \n活动类别 | 特定对象调研 \n□业绩说明会 □新闻发布会 \n□现场参观 □其他 | □分析师会议 □媒体采访 \n 路演活动 | | | | （排名不分先后）华泰证券、中银三星人寿、宏利基金、兴业证 | | 参与单位 | | 券、海富通基金、广发证券、海通证券、银华基金、运舟资本、 中银基金、富国基金、中信建投证券、平安养老 | | | 2024/11/7、2024/11/8 | 、 2024/11/11、2024/11/13、2024/11/21、 | | 时间 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is experiencing continuous improvement in cash flow and is strategically positioning itself in vertical AIGC model applications [1] - The revenue for 2024 is projected to be 41.24 billion yuan, with a year-on-year growth of 5.19%, while the net profit is expected to be 2.9 billion yuan, reflecting a year-on-year decline of 21.69% [1] - The report highlights that despite pressure on profit margins due to a downturn in downstream demand, effective cost control has been implemented, leading to improved cash flow [1] Financial Summary - Revenue (million yuan): - 2022A: 6,705 - 2023A: 6,503 - 2024E: 6,858 - 2025E: 7,343 - 2026E: 8,027 [1] - Net Profit (million yuan): - 2022A: 639 - 2023A: 655 - 2024E: 720 - 2025E: 832 - 2026E: 987 [1] - Earnings Per Share (yuan): - 2022A: 0.77 - 2023A: 0.79 - 2024E: 0.87 - 2025E: 1.00 - 2026E: 1.19 [1] - Cash Flow Per Share: - 2022A: 0.34 - 2023A: 0.24 - 2024E: 0.42 - 2025E: 0.68 - 2026E: 0.78 [1] - Return on Equity (ROE): - 2022A: 23% - 2023A: 20% - 2024E: 19% - 2025E: 18% - 2026E: 18% [1] - Price-to-Earnings (P/E) Ratio: - 2022A: 27.5 - 2023A: 26.8 - 2024E: 24.3 - 2025E: 21.1 - 2026E: 17.8 [1] - Price-to-Book (P/B) Ratio: - 2022A: 6.4 - 2023A: 5.4 - 2024E: 4.5 - 2025E: 3.9 - 2026E: 3.3 [1]

证券代码：603927 证券简称：中科软 公告编号：2024-030 中科软科技股份有限公司 关于 2024 年第三季度业绩说明会召开情况的公告 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。 一、业绩说明会召开情况 中科软科技股份有限公司（以下简称"公司"）于 2024 年 10 月 22 日在上海证券交易所网站（www.sse.com.cn）披露了《关于召开 2024 年第三季度业绩说明会的公告》（公告编号：2024-028），并通 过上证路演中心网站"提问预征集"栏目以及邮件方式提前征集投资 者所关注的问题。 2024 年 10 月 29 日 13:00-14:00，公司通过上证路演中心提供的 网上平台（https://roadshow.sseinfo.com/）以网络互动方式召开 了 2024 年第三季度业绩说明会，公司董事长、总经理左春先生，董 事会秘书蔡宏先生，证券部经理郧文龙先生，财务部经理杨培兰女士 及公司其他相关人员出席了本次业绩说明会，与投资者进行了充分的 沟通和交流，并就投资者普遍关注的问题进行了回答。 ...

证券代码：603927 证券简称：中科软 公告编号：2024-029 中科软科技股份有限公司（以下简称"公司"）第八届监事会第 九次会议于 2024 年 10 月 28 日以现场结合通讯方式召开。本次会议 通知已于 2024 年 10 月 22 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 中科软科技股份有限公司 第八届监事会第九次会议决议公告 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 2、报告的内容与格式符合中国证监会、上海证券交易所的相关 规定，报告内容真实、准确、完整，不存在虚假记载、误导性陈述或 重大遗漏，其中包含的信息能够真实的反映公司的经营成果和财务状 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。 表决结果：3 票同意；0 票反 ...

Financial Performance - The company's revenue for Q3 2024 was CNY 1,305,168,114.80, representing a year-over-year increase of 1.17%[2]. - Net profit attributable to shareholders decreased by 37.25% to CNY 100,791,822.52 in Q3 2024[2]. - The basic earnings per share for Q3 2024 was CNY 0.1213, down 37.25% compared to the same period last year[2]. - Total operating revenue for the first three quarters of 2024 reached CNY 4,124,212,773.12, an increase of 5.2% compared to CNY 3,920,597,493.34 in the same period of 2023[11]. - Net profit for the first three quarters of 2024 was CNY 289,781,129.91, a decrease of 21.6% from CNY 370,052,031.86 in the same period of 2023[12]. - Basic and diluted earnings per share for the first three quarters of 2024 were both CNY 0.35, compared to CNY 0.45 in the same period of 2023, representing a decline of 22.2%[13]. - The company reported a decrease in comprehensive income for the first three quarters of 2024, totaling CNY 288,648,802.23, compared to CNY 371,506,486.54 in 2023[13]. Assets and Liabilities - The total assets at the end of Q3 2024 were CNY 6,758,899,550.86, a decrease of 5.80% from the end of the previous year[3]. - The total equity attributable to shareholders at the end of Q3 2024 was CNY 3,226,742,973.95, a decrease of 1.16% from the previous year[3]. - Total liabilities as of the end of the third quarter of 2024 were CNY 3,532,156,576.91, a decrease from CNY 3,910,406,059.45 at the end of the third quarter of 2023[11]. - The company's total current liabilities decreased to CNY 3,000,000,000 from CNY 3,500,000,000, indicating a reduction of approximately 14.3%[10]. - The company's contract liabilities decreased to CNY 1,330,716,323.15 from CNY 1,500,782,981.13, a decline of about 11.3%[10]. - The company reported a decrease in total non-current assets to CNY 311,771,451.74 from CNY 341,177,762.89, reflecting a decline of approximately 8.6%[10]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -751,464,379.99, indicating a significant cash outflow[2]. - The net cash flow from operating activities for the first three quarters of 2024 was -751,464,379.99 RMB, an improvement from -1,094,821,538.34 RMB in the same period of 2023, indicating a reduction in cash outflow[15]. - Total cash inflow from operating activities increased to 4,220,172,864.65 RMB in 2024, compared to 3,699,334,081.96 RMB in 2023, reflecting a growth of approximately 14.1%[15]. - Cash outflow from operating activities totaled 4,971,637,244.64 RMB in 2024, up from 4,794,155,620.30 RMB in 2023, representing an increase of about 3.7%[15]. - The company reported a total cash outflow from investing activities of -9,797,028.95 RMB in 2024, an improvement from -24,017,618.84 RMB in 2023[15]. - Cash outflow from financing activities was -346,941,046.77 RMB in 2024, compared to -172,162,962.30 RMB in 2023, indicating a higher cash outflow in 2024[15]. Shareholder Information - The company had 53,980 common shareholders at the end of the reporting period[6]. - Total equity attributable to shareholders of the parent company was CNY 3,226,742,973.95, slightly down from CNY 3,264,574,171.72 in the previous year[11]. - The company reported a total of 325,983,575.10 RMB in cash paid for dividends and interest in 2024, which is consistent with the previous year's figure of 325,897,488.95 RMB[15]. Operational Highlights - The company's cash and cash equivalents decreased to CNY 1,926,284,804.79 from CNY 3,032,895,667.82, representing a decline of about 36.5%[9]. - Inventory increased significantly to CNY 1,062,161,453.59, up from CNY 656,468,867.09, marking an increase of approximately 62%[9]. - Accounts receivable decreased to CNY 1,050,891,444.83 from CNY 1,180,357,458.94, a reduction of about 11%[9]. - The company's short-term borrowings were not reported in the current period, indicating a potential shift in financing strategy[10]. - The company has not indicated any significant new product launches or technological advancements in the current report[8]. - There are no significant mergers or acquisitions reported during this quarter, and the company has not outlined any new strategic initiatives[8]. Expenses - Total operating costs for the first three quarters of 2024 were CNY 3,849,844,978.79, up from CNY 3,557,903,181.19 in 2023, reflecting an increase of 8.2%[12]. - Research and development expenses for the first three quarters of 2024 amounted to CNY 661,411,051.82, down from CNY 701,671,374.99 in 2023, indicating a reduction of 5.7%[12]. - The company’s financial expenses showed a significant improvement, with a net financial income of CNY 15,766,160.79 in 2024 compared to a loss of CNY 36,212,355.31 in 2023[12]. - Deferred income increased to CNY 4,415,847.82 in 2024 from CNY 1,503,337.91 in 2023, indicating a growth of 194.5%[11].

证券代码：603927 证券简称：中科软 公告编号：2024-028 中科软科技股份有限公司 关于召开 2024 年第三季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。 重要内容提示： 会议召开时间：2024 年 10 月 29 日(星期二)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/） 本次业绩说明会以网络互动形式召开，公司将针对 2024 年第三 季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：603927 证券简称：中科软 公告编号：2024-028 二、业绩说明会召开的时间、地点 （一）会议召开时间：2024 年 10 月 29 日下午 13:00-14:00 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 10 月 22 日(星期二)至 10 月 28 日(星期 一)16:00 前登录上证路演中心网站首页，点击" ...

Investment Rating - The investment rating for the company is "Buy" (maintained) with a market price of 15.35 yuan [1]. Core Insights - The company achieved a revenue of 28.19 billion yuan in H1 2024, representing a year-on-year growth of 7.17%. However, net profit decreased by 9.75% to 1.89 billion yuan [4]. - The company's system integration business saw a significant revenue increase of 53.80%, while software-related revenue declined by 1.63% due to reduced IT budgets from insurance clients [4]. - The company is focusing on technological innovation, particularly in AIGC vertical applications, with R&D expenses amounting to 4.49 billion yuan, which is 15.93% of its revenue [5]. - Revenue forecasts for 2024-2026 are projected at 68.58 billion yuan, 73.43 billion yuan, and 80.27 billion yuan, with corresponding net profits of 7.20 billion yuan, 8.32 billion yuan, and 9.87 billion yuan [5]. Financial Performance Summary - Revenue (million yuan): 2022A: 6,705; 2023A: 6,503; 2024E: 6,858; 2025E: 7,343; 2026E: 8,027 [1]. - Net Profit (million yuan): 2022A: 639; 2023A: 655; 2024E: 720; 2025E: 832; 2026E: 987 [1]. - Gross Margin: 29.10% in H1 2024, down 4.23% year-on-year [4]. - Cash flow from operating activities: -8.87 billion yuan in H1 2024, an increase of 2.33 billion yuan year-on-year [4].