编号：2024-009 证券代码：688088 证券简称：虹软科技 虹软科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |---------------------------------|---------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | □ | 特定对象调研 □分析师会议 | | 投 资 者 | □ 媒体采访 R | 业绩说明会 | | 关 系 活 | □新闻发布会 □路演活动 | | | 动类别 | □ | 现场参观 £一对一沟通 | | | □其他 | | | 参 与 单 位 名 称 及 人 员 姓名 | 80 家机构，共 | 92 人（详见附件《与会人员清单》） | | 时间 | 2024 年 10 月 | 30 日 | | ...

Key Points Company Overview - **Industry**: Mobile intelligent terminals, intelligent driving, IoT, AIGC - **Management Team**: Zheng Qi (CEO), Dong Yi, Hao Huimei, Xu Jian (CMO, Senior Vice President), Wei Kai (CFO) - **Q3 2024 Financial Highlights**: - Revenue: 5.74 billion yuan, up 14.09% YoY - Net Profit: 88.29 million yuan, up 8.12% YoY - Net Profit After Tax: 77.90 million yuan, up 3.51% YoY - Mobile intelligent terminal revenue: 4.85 billion yuan, up 6.54% YoY - Intelligent driving and other IoT revenue: 79.68 million yuan, up 108.32% YoY Business Progress - **Mobile Intelligent Terminal Business**: - Focus on smartphone products - Continued optimization of the intelligent beyond fusion architecture - Products extended to video application technologies - Products rapidly penetrating mid-range and low-end models - **Intelligent Vehicle Business**: - Two main product forms: VisDrive (software solution) and Visalake (software and hardware integrated solution) - VisDrive: Deepened market penetration in domestic and overseas markets - Visalake: Completed development and deployment of advanced environment perception systems and ADAS intelligent assistance driving systems - **AIGC-related Products**: - Photo Studio AI: Provides natural and realistic clothing details and emotional expression - Continuous improvement of the PSAI platform and expansion of cooperation with mainstream e-commerce platforms Q&A Session - **AIGC Business**: - Current registered users: Approximately 200,000 - Cooperation with domestic and foreign brands - Commercialization of Photo Studio AI by Alibaba's new oilseed brand and 1688 platform - Expansion to international platforms such as TikTok and Douyin - **Mobile Business**: - Q3 revenue decline due to delivery and project timing issues - Positive outlook for Q4 and 2025 - Continuous iteration of new products and technology upgrades - **Intelligent Driving Business**: - Single vehicle value: Varies from 10 to 100 yuan - Cooperation with overseas OEMs and Tier 1 suppliers - Advantageous competitive position in overseas markets - **West Lake Product**: - Accelerated development and deployment of software and hardware integrated solutions - Expansion of partners and technical verification - **Smartphone Business and Huawei Cooperation**: - Continuous improvement of TuberFusion technology - Cooperation with Huawei for algorithm landing on Hongmeng system - **AR/VR Business**: - Continuous layout and cooperation with leading domestic and foreign manufacturers - Positive market prospects driven by consumer-level AI glasses

Investment Rating - The report maintains a "Buy" rating for the company, with an expected revenue growth of 16.7% for 2024, 18.9% for 2025, and 21.2% for 2026 [4]. Core Insights - The company reported a revenue of 570 million yuan for the first three quarters of 2024, representing a year-on-year growth of 14.1%, and a net profit attributable to shareholders of 90 million yuan, up 8.1% year-on-year [2]. - In Q3 alone, the company achieved a revenue of 190 million yuan, marking an 18.5% increase year-on-year, although the net profit decreased by 15.1% to 30 million yuan [2]. - The cash received from sales and services reached 230 million yuan in Q3, a significant increase of 205.0% year-on-year, with a net operating cash flow of 66.65 million yuan, up 221.4% [2]. - The company is actively expanding its generative AI capabilities, which is expected to drive continued growth in its smartphone business [3]. Business Analysis - The smartphone visual solutions segment generated 150 million yuan in Q3, a 6.8% increase year-on-year, while the smart driving and IoT device visual solutions segment saw a remarkable 129.8% growth to 40 million yuan, attributed to the maturity of the VisDrive solutions [3]. - The company has successfully met various domestic and international regulatory standards for its automotive solutions, aiding several OEM clients in achieving product mass production [3]. - Cost control measures have been effective, with a slight decrease in gross margin by 0.9 percentage points due to the increased revenue share from the smart driving business, while sales, management, and R&D expense ratios have decreased year-on-year [3]. Profit Forecast - The revenue forecast for 2024-2026 has been adjusted to 780 million, 930 million, and 1.13 billion yuan, respectively, with corresponding net profit forecasts of 110 million, 140 million, and 180 million yuan, reflecting growth rates of 18.7%, 32.3%, and 30.9% [4]. - The price-to-earnings ratios are projected at 129.8x for 2024, 98.1x for 2025, and 75.0x for 2026 [4].

证券代码：688088 证券简称：虹软科技 公告编号：临 2024-047 虹软科技股份有限公司 第二届监事会第十七次会议决议公告 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、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 经审核，监事会认为： 1、公司《2024 年第三季度报告》的编制和审议程序符合法律、法规、公司 章程和公司内部管理制度的各项规定； 2、季度报告的内容和格式符合中国证监会和上海证券交易所的各项规定， 所包含的信息能从各个方面真实地反映出公司 2024 年第三季度的经营状况、成 果和财务状况； 3、在提出本意见前，未发现参与季报编制和审议的人员有违反保密规定的 行为； 4、监事会保证公司 2024 年第三季度报告内容的真实、准确、完整，不存在 虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 具体内容详见同日刊载于上海证券交易所网站（www.sse.com.cn）的《2024 年第三季度报告》。 虹软科技股份有限公司（以下简称公司）第二届监事会第十七次会议通知于 2024 年 10 月 18 日以电子邮件等书面 ...

虹软科技股份有限公司 会计师事务所选聘制度 第一章 总则 第一条 为规范虹软科技股份有限公司（以下简称公司）选聘（含续聘、改 聘，下同）会计师事务所的行为，提高审计工作和财务信息质量，切实维护股东 利益，依据《中华人民共和国公司法》《中华人民共和国证券法》《国有企业、上 市公司选聘会计师事务所管理办法》《上海证券交易所科创板股票上市规则》《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》等法律、法规、 规范性文件以及《虹软科技股份有限公司章程》（以下简称《公司章程》）的有关 规定，结合公司实际情况，特制定本制度。 第二条 本制度所称选聘会计师事务所，是指公司根据相关法律法规要求， 聘任会计师事务所对财务会计报告发表审计意见、出具审计报告的行为。聘任会 计师事务所从事除财务会计报告审计之外的其他法定审计业务，视重要性程度可 以比照本制度执行。 第三条 公司选聘会计师事务所，应当经董事会审计委员会（以下简称审计 委员会）审议同意后，提交董事会审议，并由股东大会决定。董事会不得在股东 大会决定前委任会计师事务所。 第四条 公司控股股东、实际控制人不得向公司指定会计师事务所，不得干 预审计委员会、董事会 ...

Revenue Performance - Revenue for the third quarter was RMB 192,764,996.57, an increase of 18.54% year-over-year[2] - Revenue for the first three quarters of the year was RMB 573,681,641.46, an increase of 14.09% year-over-year[2] - Total revenue for the first nine months of 2024 reached RMB 5,736.816 million, a year-on-year increase of 14.09%[10] - Revenue from mobile intelligent terminal visual solutions was RMB 4,846.873 million, up 6.54% year-on-year[10] - Revenue from intelligent driving and other IoT smart device visual solutions surged to RMB 796.801 million, a year-on-year increase of 108.32%[10] - Total revenue for the first three quarters of 2024 reached 573.68 million yuan, a 14.1% increase compared to 502.81 million yuan in the same period of 2023[19] - Revenue from sales of goods and services decreased to RMB 498.12 million from RMB 595.48 million in the previous year[23] Profit and Earnings - Net profit attributable to shareholders was RMB 26,831,794.62, a decrease of 15.14% year-over-year[2] - Net profit attributable to shareholders for the first three quarters was RMB 88,290,720.45, an increase of 8.12% year-over-year[2] - Net profit for the first three quarters of 2024 was 105.11 million yuan, a 10.6% increase compared to 95.06 million yuan in the same period of 2023[19] - Net profit attributable to parent company shareholders increased to RMB 88.29 million, up from RMB 81.66 million in the previous year[20] - Basic earnings per share for the quarter were RMB 0.07, a decrease of 12.50% year-over-year[2] - Basic and diluted earnings per share (EPS) were RMB 0.22, compared to RMB 0.20 in the previous year[22] R&D and Expenses - R&D investment for the quarter was RMB 108,434,710.56, accounting for 56.25% of revenue, a decrease of 0.63 percentage points year-over-year[3] - R&D expenses for the first three quarters of 2024 amounted to 302.43 million yuan, an 18% increase from 256.39 million yuan in the same period of 2023[19] - Payments for employee benefits increased to RMB 367.67 million from RMB 319.54 million in the previous year[23] Assets and Liabilities - Total assets at the end of the reporting period were RMB 2,949,165,821.93, a decrease of 5.49% compared to the end of the previous year[3] - Total assets as of September 30, 2024, were 2.95 billion yuan, a 5.5% decrease from 3.12 billion yuan at the end of 2023[15][16][17] - Cash and cash equivalents decreased to 891.93 million yuan as of September 30, 2024, from 1.93 billion yuan at the end of 2023[15] - Trade receivables increased to 159.92 million yuan as of September 30, 2024, a 57.6% increase from 101.46 million yuan at the end of 2023[15] - Contract liabilities decreased to 205.71 million yuan as of September 30, 2024, from 258.46 million yuan at the end of 2023[16] - Total liabilities decreased to 345.44 million yuan as of September 30, 2024, from 447.82 million yuan at the end of 2023[16][17] - Shareholders' equity decreased to 2.60 billion yuan as of September 30, 2024, from 2.67 billion yuan at the end of 2023[17] Cash Flow - Net cash flow from operating activities for the first three quarters was RMB 1,803,229.51, a decrease of 98.80% year-over-year[7] - Cash flow from operating activities was RMB 1.80 million, significantly lower than RMB 150.56 million in the previous year[23] - Cash flow from investing activities was negative RMB 873.37 million, compared to positive RMB 101.15 million in the previous year[24] - Cash flow from financing activities was negative RMB 155.94 million, compared to negative RMB 42.58 million in the previous year[24] - Net cash outflow from investment activities increased to RMB 2.34 billion, up from RMB 819.04 million in the previous year[24] - Cash and cash equivalents at the end of the period decreased to RMB 891.93 million from RMB 1.88 billion in the previous year[24] Non-Recurring Items and Other Income - Non-recurring gains and losses for the quarter totaled RMB 2,720,406.98, primarily due to gains from financial asset management and government subsidies[5] - Other income for the first three quarters of 2024 was 27.28 million yuan, a 32.6% increase compared to 20.56 million yuan in the same period of 2023[19] Share Repurchase and Capital Changes - The company completed a share repurchase of 439,000 shares, with a total payment of RMB 13.1985 million[10] - The company reduced its total share capital from 406,000,000 shares to 401,170,400 shares after repurchasing and canceling 4,829,600 shares[11] Legal and Contractual Matters - A subsidiary was involved in a lawsuit with an initial court ruling requiring compensation of USD 9.706 million plus interest[12] - A software licensing agreement amendment was signed with a specific client, amounting to USD 45.79 million[13] Dividends and Subsidiary Transactions - A subsidiary distributed a dividend of RMB 85 million to the company in March 2024[14] Comprehensive Income - Total comprehensive income attributable to parent company shareholders decreased to RMB 76.84 million from RMB 117.45 million in the previous year[20] Return on Equity - Weighted average return on equity (ROE) for the quarter was 1.02%, a decrease of 0.18 percentage points year-over-year[2]

证券代码：688088 证券简称：虹软科技 虹软科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | |------------------------------------------|---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

FANGDA PARTNERS 上海市方达律师事务所 关于 虹软科技股份有限公司 2024 年半年度差异化分红事项 之 法律意见书 2024 年 9 月 4 日 致：虹软科技股份有限公司 http://www.fangdalaw.com 中国上海市石门一路 288 号 电子邮件 E-mail: email@fangdalaw.com 兴业太古汇香港兴业中心二座 24 楼 电 话 Tel.: +86-21-2208 1166 邮政编码：200041 传 真 Fax.: +86-21-5298 5599 根据虹软科技股份有限公司(以下称"虹软科技"或"公司")的委托，上海 市方达律师事务所(以下称"本所")就虹软科技 2024 年半年度利润分配所涉及的 差异化分红(以下称"本次差异化分红")相关事项出具本法律意见。 24/F, HKRI Centre Two HKRI Taikoo Hui 288 Shi Men Yi Road Shanghai, PRC 200041 本法律意见书依据《中华人民共和国公司法》《中华人民共和国证券法》《上 海证券交易所上市公司自律监管指引第 7 号——回购股份》及其他相关中华人民 ...

证券代码：688088 证券简称：虹软科技 公告编号：临 2024-046 虹软科技股份有限公司 2024 年半年度权益分派实施公告 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： 每股现金红利 0.15 元（含税） 相关日期 | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2024/9/24 | 2024/9/25 | 2024/9/25 | 一、通过分配方案的股东大会届次和日期 本次利润分配方案经公司 2024 年 5 月 10 日的 2023 年年度股东大会授权公司 董事会制定实施，并经公司 2024 年 8 月 26 日的第二届董事会第十七次会议审议 通过，具体情况如下： 2024 年 5 月 10 日，公司召开 2023 年年度股东大会，审议通过了《关于提请 股东大会授权董事会决定 2024 年中期利润分配的议案》，在当期盈利、累计未分 配利润为正、现金流可以满足正常经营和持续发展的需求的条件下，进行 2024 年 中期现金分红，中期现金分红金额 ...

证券代码：688088 证券简称：虹软科技 公告编号：临 2024-045 虹软科技股份有限公司 关于参加 2024 年半年度软件及人工智能专场集体 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 9 月 13 日（星期五）14:00-16:00 会议召开方式：网络文字互动 网 络 文 字 互 动 平 台 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （https://roadshow.sseinfo.com/） 虹软科技股份有限公司（以下简称公司）已于 2024 年 8 月 27 日发布公司 《2024 年半年度报告》，为便于广大投资者更全面深入地了解公司 2024 年半年 度经营成果、财务状况、发展理念，公司参与了由上海证券交易所主办的 2024 年半年度软件及人工智能专场集体业绩说明会，此次活动将采取网络文字互动的 方 式 举 行 ， 投 资 者 可 登 录 上 海 证 券 交 易 所 上 证 路 演 中 心 （http://roadshow.sse ...