索辰科技：收购WIPL-D软件产品全套源代码 财联社12月12日电，索辰科技在分析师会议上表示，近日 公司与WIPL-Dd.o.o.公司正式签约，收购WIPL-D软件产品全套源代码，成为WIPL-D软件产品亚太地区 唯一所有权人。 WIPL-DD.o.o.是一家致力于商用电磁软件开发与电磁学领域咨询的公司，其创始人Branko Kolundzija教 授是计算电磁学算法和工程应用领域的国际知名学者，也是IEEEFellow。 Kolundzija教授在计算电磁的高阶矩量算法及其诸多工程应用领域发表有多篇学术论文，并著有专著两 本。 查看公告原文 ...

Group 1: Company Performance - The company achieved a revenue of 82.85 million yuan in the first three quarters of 2024, representing a growth of 58.23% compared to the same period last year [3] - Research and development (R&D) investment totaled 89.58 million yuan, a 47.2% increase from 60.85 million yuan in the previous year, with R&D expenses accounting for 108.12% of the revenue during the same period, highlighting the company's emphasis on technological innovation [3] Group 2: Strategic Partnerships - The company signed an agreement with WIPL-D d.o.o., acquiring the full source code of WIPL-D software products, becoming the sole owner in the Asia-Pacific region [3] - WIPL-D software, developed over nearly 30 years, is recognized for its high simulation accuracy and reliability, widely used in various industries including aerospace, electronics, and telecommunications [4] Group 3: Market Position and Future Outlook - The CAE industry is expected to enter a new phase of accelerated upgrades, with the company committed to continuous technological innovation and product line expansion [4] - The company has received several accolades, including recognition as a "Little Giant" enterprise and an award for independent software innovation, indicating strong government support for its specialized and refined development model [5] Group 4: Financial Management - The company has improved its accounts receivable management, reducing accounts receivable from 510 million yuan at the beginning of the year to 457 million yuan by the end of the third quarter [5] - The net cash flow from operating activities for the first three quarters was -87.11 million yuan, an improvement from -98.05 million yuan in the previous year, indicating enhanced cash collection efficiency [5]

Summary of Conference Call Company and Industry Overview - The conference call involved leaders from a company named "索诚科技" (Socheng Technology) discussing their recent acquisition of "麦思杰" (Maijie), a company specializing in marine and ship engineering solutions, particularly in environmental testing and simulation systems [1][2][3]. Key Points and Arguments 1. **Acquisition Details**: Socheng Technology announced the cash acquisition of 55% of Maijie for 8,800 million [1]. 2. **Strategic Importance**: The acquisition is seen as a strategic move to enhance Socheng's capabilities in the simulation field, particularly in marine environments, where Maijie has established expertise [2][3]. 3. **Technical Expertise**: Maijie has a strong technical team, including around 60 employees and over ten PhD holders, with leadership from a professor at the Navy Engineering University, indicating a high level of expertise in the field [3]. 4. **Market Overlap**: There is significant overlap in the customer bases of Socheng and Maijie, particularly in the shipbuilding sector, which is expected to facilitate cross-selling opportunities and deeper market penetration [5]. 5. **Future Collaboration**: The companies plan to work together to provide comprehensive solutions to clients, integrating simulation and engineering services [6]. 6. **Market Potential**: The marine economy is highlighted as an area of growth, with government initiatives aimed at enhancing understanding and utilization of marine resources [8]. 7. **Market Size**: The domestic market for atmospheric waveguide technology is projected to grow significantly, with estimates suggesting it could reach around 20 billion in the next few years [9]. 8. **Lightning Prevention Market**: The lightning prevention market in China is currently valued at approximately 600 billion, with potential growth in early warning and positioning technologies [10]. 9. **Technological Development**: Socheng is focusing on integrating AI with simulation technologies to enhance predictive capabilities and operational efficiency [14][15]. 10. **Investment in R&D**: The company is investing heavily in establishing laboratories for various industrial applications, aiming to leverage physical tools for digital transformation [20]. Additional Important Insights - The call emphasized the importance of understanding marine environments, which remains underexplored compared to other scientific fields [7]. - The competitive landscape in the marine engineering sector includes major players like 中船 (China Shipbuilding) and various academic institutions, indicating a robust competitive environment [9]. - The integration of AI into physical simulations is seen as a key differentiator for Socheng, with a focus on developing a "Physics AI" that can enhance predictive modeling [15][16]. - The company aims to accelerate product design and iteration processes through advanced simulation techniques, potentially transforming industrial design practices [19][23]. This summary encapsulates the critical discussions and insights from the conference call, highlighting the strategic direction and market opportunities for Socheng Technology following its acquisition of Maijie.

Investment Rating - The report maintains a "Buy" rating for the company, indicating a strong expectation of performance relative to the market [6][8]. Core Insights - The company is acquiring a 55% stake in Ningbo Maisijie for 88 million yuan, with a dynamic price-to-earnings (PE) ratio of approximately 11.5 times [6][7]. - The acquisition is expected to enhance the company's capabilities in electromagnetic simulation, particularly in specialized fields such as marine and ship applications [7]. - The acquired company, Maisijie, reported revenues of 40.67 million yuan and a net profit of 7.43 million yuan in 2023, showcasing a net profit margin of 18% [7]. - The integration of Maisijie's technology with the company's existing Computer-Aided Engineering (CAE) systems is anticipated to improve the overall simulation platform and engineering capabilities [7]. - The company has a strong cash position, with nearly 2 billion yuan available, which supports its acquisition strategy and growth potential [8]. - Revenue projections for the company are optimistic, with expected revenues of 431 million yuan, 604 million yuan, and 850 million yuan for 2024, 2025, and 2026 respectively, reflecting growth rates of 34.4%, 40.4%, and 40.7% [9][12]. Financial Summary - The company reported total revenue of 320 million yuan in 2023, with a projected increase to 431 million yuan in 2024 [12]. - The net profit for 2024 is expected to be 65 million yuan, with a growth rate of 13.6% compared to the previous year [9][12]. - The gross margin is projected to improve to 70.1% in 2024, indicating strong operational efficiency [9].

| 回购方案首次披露日 | 2024/2/6 | | | --- | --- | --- | | 回购方案实施期限 | 2024/2/5~2025/2/4 | | | 预计回购金额 | 5,000 万元 | 万元~10,000 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | | □用于转换公司可转债 | | | | □为维护公司价值及股东权益 | | | 累计已回购股数 | 67.5249 | 万股 | | 累计已回购股数占总股本比例 | 0.7578% | | | 累计已回购金额 | 4,937.4484 | 万元 | | 实际回购价格区间 | 39.65 元/股 | 元/股~96.67 | 证券代码：688507 证券简称：索辰科技 公告编号：2024-074 上海索辰信息科技股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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： 一、 回购股份的基本情况 上海索辰信息科技股份有限公司（以下简称"公司"）于 2024 年 2 ...

一、监事会会议召开情况 上海索辰信息科技股份有限公司（以下简称"公司"）第二届监事会第十一 次会议于 2024 年 11 月 29 日在公司会议室以现场结合通讯方式召开。会议通知已 于 2024 年 11 月 29 日以书面方式送达。会议由公司监事会主席贾钧元先生主持， 应出席监事 3 人，实际出席监事 3 人。监事会主席贾钧元先生于本次会议上就紧 急会议的原因进行了说明。会议的召集、召开程序和方式符合《中华人民共和国 公司法》等法律法规以及《上海索辰信息科技股份有限公司章程》的有关规定， 会议决议合法、有效。 二、监事会会议审议情况 上海索辰信息科技股份有限公司 第二届监事会第十一次会议决议公告 证券代码：688507 证券简称：索辰科技 公告编号：2024-072 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。 经与会监事投票表决，本次会议审议并通过了以下议案： （一）审议通过了《关于全资子公司以股权转让方式收购宁波麦思捷科技 有限公司 55%股权的议案》 经审议，公司监事会同意全资子公司上海索辰数字科技有限公司（以下简 ...

证券代码：688507 证券简称：索辰科技 公告编号：2024-073 上海索辰信息科技股份有限公司 关于全资子公司以股权转让方式收购 宁波麦思捷科技有限公司55%股权的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 上海索辰信息科技股份有限公司（简称"公司"、"索辰科技"）全资 子公司上海索辰数字科技有限公司（简称"数字科技"）拟以人民币 8,800 万 元向宁波麦思捷科技有限公司（简称"麦思捷"、"目标公司"）股东朱强华、 宁波麦思捷企业管理合伙企业（有限合伙）（简称"麦思捷合伙"）及曹跃云 购买其持有麦思捷55%的股权，本次交易资金来源为自有资金；对应估值动态市 盈率（PE）约为 11.52 倍。本次交易完成后，数字科技将持有麦思捷 55%的股权 （对应实缴出资占比 55%），并将其作为控股子公司纳入合并报表范围。 ● 本次交易事项已经公司第二届董事会第十四次会议、第二届监事会第十 一次会议审议通过。本次交易不构成关联交易，也不构成《上市公司重大资产 重组管理办法》《上海证券交易所上市公司重大资 ...

证券代码：688507 证券简称：索辰科技 公告编号：2024-071 上海索辰信息科技股份有限公司 第二届董事会第十四次会议决议公告 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、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 （一）审议通过了《关于全资子公司以股权转让方式收购宁波麦思捷科技 有限公司 55%股权的议案》 经审议，公司董事会同意全资子公司上海索辰数字科技有限公司（以下简称 "数字科技"）以人民币 8,800 万元向宁波麦思捷科技有限公司（简称"标的公 司"）股东朱强华、宁波麦思捷企业管理合伙企业（有限合伙）及曹跃云购买其持 有的标的公司合计 55%的股权，本次交易资金来源为自有资金；本次交易完成后， 数字科技将持有标的公司 55%的股权，并将其作为控股子公司纳入合并报表范围。 本议案已经董事会战略与投资委员会审议通过。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 具体内容详见公司同日刊登于上海证券交易所网站（www.sse.com.cn）的《关 于全资子公司以股权转让方式收购宁波麦思捷科技有限公司 55%股权的公告》 ...

Investment Rating - The report assigns a "Buy" rating to the company, Suochen Technology (688507.SH) [2]. Core Views - Suochen Technology has been focused on CAE software development for over a decade, with a compound annual growth rate (CAGR) of approximately 28.88% in revenue from 2019 to 2023, and a gross margin maintained above 60% [11][12]. - The CAE industry has high barriers to entry and significant potential for domestic substitution, with the domestic CAE market growing rapidly, projected to reach a CAGR of 18.4% from 2022 to 2026 [12][38]. - The company has accumulated dual advantages in algorithms and technology, which are expected to provide long-term growth potential [13]. - Suochen Technology has established strong relationships with high-quality clients in military and research institutions, which supports its future expansion into the civilian market [14]. Company Overview - Suochen Technology, founded in 2006, specializes in the research, development, sales, and service of CAE software, covering multiple disciplines such as fluid dynamics, structural analysis, electromagnetics, acoustics, and optics [11][16]. - The company has developed various engineering simulation software to meet the complex simulation needs of industries like aerospace, defense, marine, heavy machinery, nuclear industry, electronics, and ground transportation [11][16]. Industry Analysis - The CAE industry is characterized by its comprehensive nature and high barriers to entry, requiring a solid foundation in multiple disciplines such as physics, mathematics, engineering, and computer science [41]. - The domestic CAE market has seen an increase in localization rates, rising from 7% in 2016 to 16.2% in 2022, indicating a long-term trend towards domestic software substitution [12][38]. Financial Analysis - In 2023, the company's total revenue reached 320 million yuan, a year-on-year increase of 19.52%, with a CAGR of approximately 28.88% from 2019 to 2023 [24][26]. - The gross margin for the company in 2023 was 69.44%, with a net profit margin of 18.12% [29]. - The company has maintained a high level of R&D investment, with R&D expenses accounting for over 30% of total revenue from 2018 to 2023 [32].

Investment Rating - The report assigns a "Buy" rating to Suochen Technology (688507 SH) [2] Core Views - Suochen Technology is a leading domestic CAE software company with high barriers to entry and strong growth potential [2] - The company has focused on CAE software R&D for over a decade, developing multi-disciplinary simulation products [2] - Suochen's revenue grew at a CAGR of 28 88% from 2019-2023, with gross margins consistently above 60% [2] - The CAE industry has high barriers due to its multi-disciplinary nature, with the global market reaching $9 8 billion in 2022 [2] - Domestic substitution is a long-term trend, with the localization rate increasing from 7% in 2016 to 16 2% in 2022 [2] - Suochen has accumulated dual advantages in algorithms and technology, serving high-quality clients in defense and research institutes [2] Company Overview - Founded in 2006, Suochen specializes in CAE software R&D, sales, and services [11] - Core products include engineering simulation software and simulation product development [16] - The company has developed core algorithms in fluid, structural, electromagnetic, acoustic, and optical fields [16] - Products serve industries like aerospace, defense, shipbuilding, heavy machinery, and nuclear power [16] - Revenue reached 320 million yuan in 2023, with a 19 52% YoY growth [24] - Engineering simulation software accounted for over 50% of revenue from 2019-2023 [26] Industry Analysis - The global CAE market was $9 8 billion in 2022, with China's market at 2 59 billion yuan [2] - CAE software is a core part of industrial software, requiring integration of physics, mathematics, engineering, and computer science [41] - The industry is divided into general-purpose and specialized CAE software [41] - Global industrial software market reached $456 1 billion in 2021, with China's market growing at a 14 2% CAGR from 2012-2021 [47] - Domestic CAE localization rate increased from 7% in 2016 to 16 2% in 2022 [56] Product Capabilities - Suochen's core products include Aries (fluid simulation) and Virgo (structural simulation) [69] - Aries features advanced algorithms like GKS, DSMC, and SPH, with comparable precision to international competitors [75] - Virgo offers three core solvers: nonlinear finite element, reproducing kernel particle, and peridynamics [80] - The company has developed a high-performance computing platform and industrial simulation cloud platform [83][84] Financial Projections - Revenue is projected to grow from 2 68 billion yuan in 2024E to 7 36 billion yuan in 2026E [4] - Net profit is expected to increase from 54 million yuan in 2024E to 105 million yuan in 2026E [4] - Gross margin is forecasted to remain stable around 68% from 2024E to 2026E [4] - EPS is projected to grow from 0 71 yuan in 2024E to 1 18 yuan in 2026E [4]