证券研究报告 | 公司动态点评 2024 年 05 月 08 日 事件。4月 29 日，有方科技发布 2023 年年报及 2024 年一季报。2023 年公 司实现营业收入 9.32 亿元，同比增长 11.00%；实现归母净利润-0.38 亿元， 同比增长 32.02%。2024 年一季度，公司实现营业收入 8.62 亿元，同比增长 358.74%；实现归母净利润 0.59 亿元，同比增长 400.36%，环比增长 1022.43%。 | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------|--------|--------|-------|-------|-------|-----------------------------------------|----------| | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | 买入（维持评级） | | | | | | | | | | | | | | | | | | | | | ...

证券代码：688159 证券简称：有方科技 公告编号：2024-044 深圳市有方科技股份有限公司 关于参加 2023 年度软件专场集体业绩说明会 暨 2024 年第一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个别及连带责任。 重要内容提示： 投资者可于 2024 年 5 月 13 日(星期一)16:00 前通过邮件、电话、 传真等形式将需要了解和关注的问题提前提供给公司。公司将在文字 互动环节对投资者普遍关注的问题进行回答。 深圳市有方科技股份有限公司（以下简称"公司"）已于 2024 年 4 月 30 日发布公司 2023 年年度报告和 2024 年第一季度报告，为便 于广大投资者更全面深入地了解公司2023 年年度及2024年第一季度 经营成果、财务状况、发展理念，公司参与了由上交所主办的 2023 年度软件专场集体业绩说明会，此次活动将采用视频和线上文字互动 的 方 式 举 行 ， 投 资 者 可 登 录 上 海 证 券 交 易 所 上 证 路 演 中 心 会议线上交流时间：2024 年 5 月 14 ...

Financial Performance - The company's revenue for Q1 2024 reached ¥862,350,045.17, representing a year-over-year increase of 358.74%[2] - Net profit attributable to shareholders was ¥58,730,402.96, marking a 400.36% increase compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses was ¥55,274,647.88, reflecting a 346.84% increase year-over-year[2] - Basic earnings per share (EPS) was ¥0.64, up 404.76% from the same period last year[2] - Diluted EPS was ¥0.58, an increase of 376.19% year-over-year[2] - The company's net profit for Q1 2024 was ¥9,363,105.38, a significant recovery from a loss of ¥49,367,297.58 in the previous period[14] - Net profit for Q1 2024 was ¥57,544,244.52, compared to a net loss of ¥19,885,660.30 in Q1 2023, marking a turnaround in profitability[19] - The total comprehensive income for Q1 2024 was ¥57,544,244.52, compared to a loss of ¥19,885,660.30 in Q1 2023[19] - The company reported a gross profit of ¥60,671,496.21 for Q1 2024, with a gross margin of approximately 7.0%[18] - The gross profit margin improved, with operating profit for Q1 2024 at ¥73,555,878.08 compared to a loss of ¥17,966,499.45 in the same period last year[30] Cash Flow and Liquidity - The net cash flow from operating activities was -¥18,739,138.68, a decrease of 79.65% compared to the previous year[2] - Cash flow from operating activities for Q1 2024 was negative at -¥18,739,138.68, an improvement from -¥92,085,369.03 in Q1 2023[22] - The company’s cash and cash equivalents at the end of Q1 2024 stood at ¥173,557,848.47, compared to ¥208,160,001.15 at the end of Q1 2023[23] - The total cash and cash equivalents at the end of Q1 2024 were $117.49 million, down from $182.16 million at the end of Q1 2023, a decrease of about 35%[33] - The net cash flow from financing activities in Q1 2024 was $36.18 million, a decrease from $100.68 million in Q1 2023, reflecting a decline of approximately 64%[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,706,846,206.72, an increase of 8.77% from the end of the previous year[3] - The total liabilities as of March 31, 2024, were RMB 898,726,230.87, compared to RMB 822,287,891.37 at the end of 2023, marking an increase of about 9.3%[14] - The total liabilities of the company as of March 31, 2024, were ¥955,539,150.54, up from ¥864,985,687.67 at the end of 2023, indicating a growth of about 10.5%[27] - The total equity increased to ¥870,800,263.45 in Q1 2024 from ¥803,351,998.94 at the end of 2023, marking an increase of approximately 8.4%[27] Research and Development - R&D investment totaled ¥26,622,230.24, accounting for 3.09% of revenue, a decrease of 11.10% from the previous year[3] - Research and development expenses increased to ¥22,160,787.25 in Q1 2024 from ¥18,615,855.49 in Q1 2023, reflecting a growth of approximately 19.0%[18] - Research and development expenses for Q1 2024 were ¥19,926,255.45, compared to ¥17,756,945.53 in Q1 2023, reflecting an increase of approximately 12.3%[30] Market and Operational Insights - The company's revenue and profit experienced significant growth in Q1 2024, attributed to the development of IoT wireless communication modules, terminals, and cloud services[10] - The company holds over RMB 600 million in unfulfilled orders, demonstrating strong demand for its products[10] - The gross profit margin and operating expenses showed minimal fluctuation compared to the same period last year, indicating stable operational efficiency[10] - The company plans to continue executing its development strategy and expand into urban IoT perception and cloud infrastructure markets[10]

Financial Performance - In 2023, the company's operating revenue increased compared to the same period last year, while the comprehensive gross profit margin remained relatively unchanged[4]. - The company's net profit attributable to shareholders of the parent company decreased year-on-year, but the decline was less severe due to a reduction in credit impairment losses and asset impairment losses[4]. - The company's operating revenue for 2023 was ¥931,924,935.66, an increase of 11.00% compared to ¥839,584,568.88 in 2022[23]. - The net profit attributable to shareholders of the listed company was -¥38,431,553.37, showing a year-on-year improvement of 32.02% from -¥56,531,893.74 in 2022[23]. - The net cash flow from operating activities was -¥222,835,247.02, a significant decline of 277.62% compared to a positive cash flow of ¥125,456,163.97 in 2022[23]. - Total assets increased by 14.78% to ¥1,569,234,163.27 in 2023 from ¥1,367,206,696.92 in 2022[23]. - The basic earnings per share for 2023 was -¥0.42, improving by 33.23% from -¥0.62 in 2022[24]. - The company reported a total revenue of 63,782.28 million RMB, with a net profit of 11,501.55 million RMB, indicating a strong financial performance[75]. - The company reported a significant increase in revenue, achieving a total of $1.2 billion for the fiscal year, representing a 15% year-over-year growth[159]. Research and Development - Research and development expenses accounted for 12.34% of operating revenue, slightly down from 12.64% in 2022[24]. - R&D investment reached 115.02 million RMB, up 8.41% year-on-year, accounting for 12.34% of operating revenue[34]. - The company has accumulated 131 patents and 142 software copyrights as of the end of the reporting period[37]. - The company launched several new products, including the 5G RedCap module, which accelerates the transition from LTE Cat.4 to 5G applications[38]. - The company is focusing on developing cloud platforms and cloud infrastructure, offering domestically produced and controllable cloud solutions and storage hardware[57]. - The company is committed to advancing its research and development in 5G and NB-IoT technologies to enhance its product offerings[134]. - Research and development investments increased by 30%, totaling $150 million, aimed at advancing new technologies[159]. Market Expansion and Strategy - The company is actively expanding into overseas electricity markets, with initial successes in Southeast Asia and Europe[35]. - The company aims to achieve industry-leading technology levels in various projects, including high integration and compatibility with existing communication standards[69][70]. - The company is focusing on expanding its market presence in sectors such as smart cities, remote healthcare, and vehicle networking through innovative product development and strategic investments[69][70]. - The company plans to focus on expanding its market presence in smart energy, smart gas, and smart water sectors, leveraging advancements in IoT technology[134]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by the end of the next fiscal year[159]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of $100 million allocated for this purpose[162]. Corporate Governance - The company has not made any special arrangements for corporate governance[9]. - The governance structure includes a board of directors, supervisory board, and senior management, ensuring compliance with legal requirements[149]. - The board of directors has established various committees to enhance management and oversight functions[149]. - The company maintains independence from its controlling shareholder in business, personnel, assets, and finance[151]. - The company experienced changes in its board members, with several independent directors resigning due to term completion and new directors elected by the shareholders[174]. Risks and Challenges - The company has disclosed risks related to significant performance declines or losses in the "Management Discussion and Analysis" section[4]. - The company faces risks related to potential core technology personnel turnover and the risk of technology leakage, which could impact its operations[84]. - The company has mitigated chip supply issues during the reporting period, but future shortages could negatively affect production and profitability[85]. - The company relies on imported chips from foreign manufacturers, which poses risks related to international trade and supply chain stability[86]. Employee and Compensation - The company reported a total of 541 employees, with 340 in R&D, 69 in management, and 71 in sales[193]. - The company has a structured compensation policy aimed at attracting and retaining talent through various incentive mechanisms[194]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 3.3061 million RMB[173]. - The company emphasizes a multi-level training program to enhance employee skills, combining online and offline training methods[195]. Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to $1.32 billion[159]. - The company plans to implement cost-cutting measures, aiming for a 15% reduction in operational expenses by Q2 2024[167]. - The company anticipates a compound annual growth rate of 19.4% in global enterprise IoT spending, reaching 48.3 billion USD by 2027[133]. - The company expects that by 2030, global cellular IoT module shipments will exceed 1.2 billion units, driven primarily by 5G technology[133].

Revenue Forecast - The company revised its 2023 annual revenue forecast to approximately 932 million RMB, reflecting an increase of about 9.23 million RMB or 11.00% year-over-year[5]. - The company experienced a revenue adjustment of approximately 224 million RMB for 2023 due to changes in revenue recognition practices[11]. - The company anticipates an increase in revenue of approximately 210 million RMB for the first quarter of 2024[11]. Profitability - The net profit attributable to the parent company is expected to be -38.43 million RMB, an increase of 18.10 million RMB or 33.02% compared to the previous year[5]. - The net profit attributable to the parent company after deducting non-recurring gains and losses is projected to be -48.00 million RMB, showing an increase of 25.81 million RMB or 34.13% year-over-year[5]. - The basic earnings per share were adjusted to -0.42 RMB, compared to 0.05 RMB previously reported[10]. Assets and Equity - The total assets were revised to 1.57 billion RMB, which is an increase of 14.68% compared to the previous year[10]. - The equity attributable to the parent company decreased to 745.11 million RMB, a decline of 3.73% year-over-year[10]. Financial Practices and Reporting - The company has acknowledged the need for more cautious financial accounting practices to prevent similar discrepancies in the future[13]. - The financial data will be detailed in the 2023 annual report, and investors are advised to be aware of the investment risks[13].

证券代码：688159 证券简称：有方科技 公告编号：2024-027 深圳市有方科技股份有限公司 关于获得政府补助的公告 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。 | 序号 | 项目内容 | 金额 | 类别 | 补助依据 | | --- | --- | --- | --- | --- | | | 上规模） | | | 函》（粤工信融资函〔2022〕42 | | | | | | 号）相关规定 | | | 2022 年"百十五"奖 | | 收益 | 《深圳市龙华区推动制造业高 | | 4 | 励类（产业发展专项 | 50.00 | | 质量发展若干措施操作指引》 | | | | | 相关 | | | | 资金） | | | 及操作指引相关规定 | | | 产业发展专项资金 | | 收益 | | | 5 | 2023 年二季度工业稳 | 46.18 | 相关 | 龙华区产业发展专项资金 | | | 增长补贴 | | | | | | | | | 《广东省工业和信息化厅关于 | | | 2023 年省促进小微工 | | | ...

深圳市有方科技股份有限公司关于 全资子公司为母公司提供担保的自愿性 信息披露公告 证券代码：688159 证券简称：有方科技 公告编号：2024-026 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、准确性和完整性依法承担法律责任。 重要内容提示： 一、担保情况概述 （一）担保基本情况 1 东莞有方通信技术有限公司（以下简称"东莞有方"）为深圳 市有方科技股份有限公司（以下简称"公司"）之全资子公司， 经东莞有方内部审议通过，同意为公司在远东国际融资租赁有 限公司（以下简称"远东国际"）申请的人民币 3,000 万元综合 授信额度提供连带责任保证。 根据《上海证券交易所科创板股票上市规则》《公司章程》等相 关规定，本次担保事项属于子公司为公司合并报表范围内的法 人提供担保，已履行东莞有方内部股东决议审议程序，无需提 交公司董事会及股东大会。 本次担保是否有反担保：无 公司根据业务发展规划，并结合公司的融资需求，预计向远东国 际申请人民币 3,000 万元综合授信额度，并由公司全资子公司东莞有 方为公司提供连带责任保证担保，担保方式为连带责任担保，担保期 ...

证券代码：688159 证券简称：有方科技 公告编号：2024-025 深圳市有方科技股份有限公司 2024 年第三次临时股东大会决议公告 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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2024 年 3 月 13 日 （二） 股东大会召开的地点：深圳市龙华区民治街道北站社区汇德大厦 1 号楼 43 层电力会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 16 | | --- | --- | | 普通股股东人数 | 16 | | 2、出席会议的股东所持有的表决权数量 | 35,231,703 | | 普通股股东所持有表决权数量 | 35,231,703 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 38.2415 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 38.2 ...

上海市虹口区东大名路 501 号白玉兰广场 23 层 电话：021-55989888 传真：021-55989898 邮编：200080 2024 年第三次临时股东大会的 德恒上海律师事务所 关于深圳市有方科技股份有限公司 2024 年第三次临时股东大会的法律意见 德恒上海律师事务所 关于深圳市有方科技股份有限公司 德恒上海律师事务所 关于深圳市有方科技股份有限公司 法律意见 2024 年第三次临时股东大会的 法律意见 德恒 02G20240014-00003 号 致：深圳市有方科技股份有限公司 深圳市有方科技股份有限公司（以下简称"公司"）2024 年第三次临时股 东大会（以下简称"本次会议"）于 2024 年 3 月 13 日（星期三）召开。德恒上 海律师事务所（以下简称"本所"）受公司委托，指派谢强律师、胡宝月律师（以 下简称"本所律师"）出席了本次会议。根据《中华人民共和国证券法》（以下 简称"《证券法》"）、《中华人民共和国公司法》（以下简称"《公司法》"）、 《上市公司股东大会规则》（以下简称"《股东大会规则》"）、《深圳市有方 科技股份有限公司章程》（以下简称"《公司章程》"）等有关规定，本所律 ...

[Table_Title] 有方科技（688159）动态点评 2024 年 03 月 13 日 国产化自主可控存储灾备市场空间大，未来三年保持较高增速。数据 存储灾备业务是云基础设施设备业务的重要组成部分，2023 年公司公 告了携手合作伙伴共同开发国产化自主可控的存储服务器产品，也进 入了国产存储标准目录。在错综复杂的国际形势、积极的政策支持、 持续增长的市场需求等多重因素的影响下，国产化自主可控的存储灾 备市场有较大的发展空间，未来三年也会保持着较高的增速。公司具 有产品技术、整合资源能力优势，管理团队技术出身，通过联合研发 以及对外收购存储灾备的技术团队快速完成技术基础搭建。公司在存 储灾备业务主要提供高性能存储软硬件产品。由于数据中心或智算中 心需要同时采购算力和存储，而政策变化导致算力成为稀缺资源，通 过算力可带动公司自身存储灾备业务的发展。公司的"云-管-端"架 构聚焦于重庆、长沙、西安等二线城市进行深耕，能够满足政府统筹 统建需求，降低数智城市建设运营成本，通过物联网运管服平台横向 打通数据壁垒并为数据统一纳管和共建共享提供有力抓手，未来通过 运营服务模式获得长期收益。 [Table_Rank] ...