证券代码：688083 证券简称：中望软件 公告编号：2024-078 广州中望龙腾软件股份有限公司 关于召开 2024 年第五次临时股东大会的通知 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2024 年第五次临时股东大会 召开日期时间：2024 年 10 月 9 日 14 点 30 分 召开地点：广州中望龙腾软件股份有限公司会议室（广州市天河区珠江西路 15 号珠江城 32 楼） （六） 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的 投票，应按照《上海证券交易所科创板上市公司自律监管指引第 1 号 — 规范 运作》等有关规定执行。 （七） 涉及公开征集股东投票权 无 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 10 月 9 日 至 2024 年 10 月 9 日 采用上海证券交易所网 ...

证券代码：688083 证券简称：中望软件 公告编号：2024-076 广州中望龙腾软件股份有限公司 关于续聘会计师事务所公告 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： 广州中望龙腾软件股份有限公司（以下简称"公司"）于 2024 年 9 月 19 日召 开第六届董事会审计委员会第六次会议，审议通过了《关于续聘会计师事务所的 议案》，并于 2024 年 9 月 19 日召开第六届董事会第八次会议审议通过了《关于 续聘会计师事务所的议案》。该议案尚需提交公司股东大会审议。 一、拟聘任会计师事务所的基本情况 （一）机构信息 1.基本信息 （1）机构名称：致同会计师事务所（特殊普通合伙）（以下简称"致同"） （2）成立日期：1981 年（致同前身是成立于 1981 年的北京会计师事务所， 2011 年经北京市财政局批准转制为特殊普通合伙，2012 年更名为致同会计师事 务所(特殊普通合伙)。） （3）组织形式：特殊普通合伙企业 （4）注册地址：北京市朝阳区建国门外大街 22 号赛特广场五层 （5）首席合伙 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 126.78 CNY per share, indicating a strong expected performance over the next 12 months [3][19]. Core Insights - The company has announced a restrictive stock incentive plan for 2024, targeting 162 employees, which is approximately 8.15% of the total workforce. The plan aims to grant 1.07 million shares, representing about 0.88% of the total share capital, reflecting the company's confidence in high revenue growth [7][8]. - Revenue targets set in the incentive plan indicate expected revenues of 1.03 billion CNY, 1.29 billion CNY, and 1.62 billion CNY for 2024, 2025, and 2026, respectively, with growth rates of 24.9%, 25.1%, and 24.9% [8][9]. - The revenue growth target for the company's 3D products is higher than the overall company growth, with expected revenues of 240 million CNY, 320 million CNY, and 410 million CNY for the same period, corresponding to growth rates of 29.8%, 29.9%, and 30.0% [8][9]. Summary by Sections Stock Incentive Plan - The stock incentive plan includes performance targets for cumulative revenues of at least 1.034 billion CNY, 2.328 billion CNY, and 3.944 billion CNY for the years 2024, 2025, and 2026, respectively [7][8]. - The plan also sets specific targets for 3D CAD product revenues, with minimums of 244 million CNY, 561 million CNY, and 973 million CNY for the same years [7][8]. Financial Projections - The company is projected to achieve revenues of 1.036 billion CNY, 1.303 billion CNY, and 1.632 billion CNY from 2024 to 2026, with corresponding EBITDA of 192 million CNY, 262 million CNY, and 332 million CNY [2][9]. - The net profit is expected to rise significantly, from 137 million CNY in 2024 to 244 million CNY in 2026, reflecting a growth rate of 123.3% in 2024 and 34.2% in 2026 [2][9]. Market Position and Product Performance - The report highlights the company's strong performance in the 3D CAD market, with increasing recognition from key clients in various industries, which supports the ambitious revenue targets set in the incentive plan [9]. - The company has been actively engaging with over 600 industry clients and partners, showcasing its latest technological advancements and application practices, which further solidifies its market position [9].

Investment Rating - The report maintains a "Recommended" rating for the company [4]. Core Views - The company's stock incentive plan aims for a compound annual growth rate (CAGR) of over 25% in total revenue over the next three years, with specific targets set for 2024 at 1.034 billion yuan, 2025 at 1.303 billion yuan, and 2026 at 1.653 billion yuan, reflecting strong confidence in future growth [2][3]. - The 3D CAD product line is highlighted as a key growth area, with projected revenues of 244 million yuan in 2024, 561 million yuan in 2025, and 973 million yuan in 2026, indicating a CAGR of approximately 30% [2]. - The company is shifting from a product-centric approach to a customer-demand-driven model, aiming to enhance its competitive edge in high-end manufacturing sectors through ecosystem partnerships [2]. Financial Projections - Total revenue is projected to grow from 1.034 billion yuan in 2024 to 1.653 billion yuan in 2026, with growth rates of 24.9% in 2025 and 26.9% in 2026 [3][6]. - Net profit attributable to shareholders is expected to increase significantly from 118 million yuan in 2024 to 195 million yuan in 2026, with growth rates of 92.0% in 2025 and 39.9% in 2026 [3][6]. - Earnings per share (EPS) are forecasted to rise from 0.97 yuan in 2024 to 1.61 yuan in 2026, with corresponding price-to-earnings (PE) ratios decreasing from 71x in 2024 to 43x in 2026 [3][6].

Investment Rating - The report maintains a "Recommended" rating for the company [4]. Core Views - The company's stock incentive plan aims for a compound annual growth rate (CAGR) of over 25% in total revenue over the next three years, with specific targets set for 2024 at 1.034 billion yuan, 2025 at 1.303 billion yuan, and 2026 at 1.653 billion yuan [2][3]. - The 3D CAD product line is highlighted as a key growth area, with projected revenues of 244 million yuan in 2024, 561 million yuan in 2025, and 973 million yuan in 2026, indicating a CAGR of approximately 30% [2]. - The company is shifting from a product-centric approach to a customer-demand-driven model, aiming to enhance its competitive edge in high-end manufacturing sectors [2]. - The report forecasts net profits for 2024, 2025, and 2026 to be 118 million yuan, 139 million yuan, and 195 million yuan, respectively, with corresponding earnings per share (EPS) of 0.97 yuan, 1.15 yuan, and 1.61 yuan [2][3]. Financial Projections - Total revenue projections for the company are as follows: 2024 at 1.034 billion yuan, 2025 at 1.303 billion yuan, and 2026 at 1.653 billion yuan, with growth rates of 24.9%, 26.1%, and 26.9% respectively [3][6]. - The net profit attributable to shareholders is expected to grow significantly, with a forecast of 118 million yuan in 2024, 139 million yuan in 2025, and 195 million yuan in 2026, reflecting growth rates of 92.0%, 18.2%, and 39.9% respectively [3][6]. - The price-to-earnings (PE) ratio is projected to decrease from 71x in 2024 to 43x in 2026, indicating an improving valuation as earnings grow [3][6].

Investment Rating - The report maintains a "Buy" rating for Zhongwang Software with a target price of RMB 88.53 [1] Core Views - The company's equity incentive plan demonstrates confidence in its growth, particularly in the 3D CAD product line, with cumulative revenue targets of RMB 10.34/23.28/39.44 billion for 2024-2026, implying a compound growth rate of 25% [1] - 3D CAD orders are expected to be a significant driver of revenue growth, with a projected compound growth rate of 30% from 2024 to 2026 [2] - Organizational restructuring is expected to enhance product iteration for key account (KA) customers, particularly in industries like general machinery, high-tech electronics, and automotive [3] - The company's design-simulation integrated software platform is anticipated to further increase market share, supported by continuous product iteration and expansion into multi-physics simulation solutions [4] Financial Forecasts - Revenue is projected to grow from RMB 1,014 million in 2024E to RMB 1,569 million in 2026E, with a compound growth rate of 25% [1][5] - Net profit attributable to the parent company is expected to increase from RMB 82.01 million in 2024E to RMB 164.23 million in 2026E, with a compound growth rate of 38.6% [5] - EPS is forecasted to rise from RMB 0.68 in 2024E to RMB 1.35 in 2026E [1][5] Product and Market Expansion - The 3D CAD product line is expected to see significant growth, with revenue targets of RMB 2.44/3.17/4.12 billion for 2024-2026, driven by product iteration and increased order volume [2] - The company is expanding its 3D CAD product competitiveness in industries such as automotive, automotive parts, and shipbuilding, in addition to its existing strongholds in general machinery and electronics [3] - The acquisition of CHAM and the development of multi-physics simulation solutions are expected to enhance the company's position in the commercial fluid simulation market [4] Valuation and Comparables - The company is valued at 10.6x PS for 2024, based on comparable companies' average valuation [1] - Key comparable companies include Bichu Electronics, Kingsoft Office, and Baoxin Software, with average PS multiples of 10.6x for 2024E [8]

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][12]. Core Views - The company has launched a stock incentive plan for 2024-2026, targeting a cumulative revenue of 10.34 billion, 23.28 billion, and 39.44 billion yuan for the respective years, with a focus on 3D CAD products [3][4]. - The revenue growth target for 2024 is set at 25% year-on-year, with a compound annual growth rate (CAGR) of approximately 25% for 2024-2026 [4]. - The company aims to enhance its market share in the 3D CAD sector, which is a key growth area, with expected revenue growth of over 30% year-on-year for 2024 [4][9]. Summary by Sections Company Overview - The company, Zhongwang Software (688083), has seen a significant increase in its R&D team from 458 in early 2021 to 1,032 by mid-2024, indicating a strong commitment to innovation and product development [4][7]. - The company has introduced several industry leaders to its team, including Dr. Fu Tianxiong, who has extensive experience in CAD system architecture and modeling [4][7]. Financial Performance - In the first half of 2024, the company reported revenue of 308 million yuan, a year-on-year increase of 11.79%. To meet the 2024 revenue target of 10.34 billion yuan, the second half revenue is projected to be 726 million yuan, reflecting a year-on-year growth of 31.52% [4][9]. - The company’s projected revenues for 2024, 2025, and 2026 are 10.42 billion, 13.00 billion, and 16.24 billion yuan, respectively, with year-on-year growth rates of 26%, 25%, and 25% [9][10]. Market Position and Strategy - The company has established a global marketing system, with its software products sold in over 90 countries and regions, and a growing user base exceeding 1.4 million [9]. - The company is focusing on expanding its product lines, including advancements in 3D CAD, 2D CAD, and CAE technologies, to enhance its competitive edge in various manufacturing sectors [4][7][9].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected price increase of over 15% in the next 6-12 months [3][10]. Core Insights - The company has launched a stock incentive plan for 2024, with a maximum of 1.07 million shares, representing 0.88% of the total share capital, priced at 51.15 RMB per share. The performance targets include a compound annual growth rate (CAGR) of 20% for total revenue and 3D CAD product revenue from 2024 to 2026 [2]. - The revenue targets for the years 2024, 2025, and 2026 are set at 9.93 billion, 21.85 billion, and 36.15 billion RMB respectively, with corresponding revenue growth rates of at least 19.9%, 20%, and 20% [2]. - The company is positioned at the valuation bottom, with a current market cap corresponding to approximately 6.5 times price-to-sales (PS) for 2025, suggesting a favorable entry point for investors [2]. Revenue and Profit Forecast - The adjusted revenue forecasts for 2024, 2025, and 2026 are 9.97 billion, 12.38 billion, and 15.37 billion RMB respectively. The adjusted net profit forecasts for the same years are 0.92 billion, 1.58 billion, and 2.20 billion RMB [3][5]. - The company’s PS valuation is projected to be 8.1, 6.5, and 5.3 times for 2024, 2025, and 2026 respectively, indicating a decreasing trend in valuation multiples [3][5]. Financial Performance Metrics - The company reported a revenue growth rate of 37.71% in 2023, with a projected growth rate of 20.46% for 2024 and 24.23% for 2025 [5][6]. - The net profit for 2023 is expected to be 61 million RMB, with significant growth projected at 49.03% for 2024 and 72.29% for 2025 [5][6]. - The diluted earnings per share (EPS) are forecasted to be 0.754 RMB for 2024 and 1.300 RMB for 2025, reflecting a positive trend in profitability [5][6].

证券代码：688083 证券简称：中望软件 公告编号：2024-069 广州中望龙腾软件股份有限公司 第六届董事会第七次会议决议公告 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个别及连带责任。 一、董事会会议召开情况 广州中望龙腾软件股份有限公司（以下简称"公司"或"中望软件"）第六届董事 会第七次会议（以下简称"本次会议"）通知于 2024 年 9 月 10 日以书面方式送达全 体董事。经全体董事一致同意，豁免本次会议通知时限。本次会议于 2024 年 9 月 11 日 以现场会议结合通讯表决方式召开，由董事长杜玉林先生主持，本次会议公司应出席 董事 7 人，实际出席董事 7 人。本次会议的召集、召开符合《中华人民共和国公司法》 等有关法律、法规、规则以及《广州中望龙腾软件股份有限公司章程》（以下简称"《公 司章程》"）等的有关规定。 二、董事会会议审议情况 （一）《关于<广州中望龙腾软件股份有限公司 2024 年限制性股票激励计划（草 案）>及其摘要的议案》 为了进一步建立、健全公司长效激励约束机制，吸引和留住优秀人才，充分调动 ...

证券代码：688083 证券简称：中望软件 广州中望龙腾软件股份有限公司 2024 年限制性股票激励计划 （草案） 二〇二四年九月 广州中望龙腾软件股份有限公司 2024 年限制性股票激励计划（草案） 声明 本公司董事会及全体董事保证本公告内容不存在虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 本公司所有激励对象承诺，公司因信息披露文件中有虚假记载、误导性陈 述或者重大遗漏，导致不符合授予权益或权益归属安排的，激励对象应当自相 关信息披露文件被确认存在虚假记载、误导性陈述或者重大遗漏后，将由本激 励计划所获得的全部利益返还公司。 2 广州中望龙腾软件股份有限公司 2024 年限制性股票激励计划（草案） 四、根据激励对象的不同类别特点，将激励对象分为两类，分别设置了不 同的首次授予价格。其中，第一类激励对象的限制性股票授予价格为 41.44 元/ 股，第二类激励对象的限制性股票授予价格为 51.15 元/股。预留授予部分的授 予价格参考首次授予。 特别提示 一、广州中望龙腾软件股份有限公司（以下简称"中望软件"、"公司" 或"本公司"）2024 年限制性股票激励计划（ ...