中科星图股份有限公司 章 程 二〇二四年十一月 | | | | 第一章 | 则 总 2 | | --- | --- | | 第二章 | 经营宗旨和范围 2 | | 第三章 | 份 股 2 | | 第一节 | 股份发行 2 | | 第二节 | 股份增减和回购 3 | | 第三节 | 股份转让 5 | | 第四章 | 党组织 6 | | 第五章 | 股东和股东大会 8 | | 第一节 | 股 东 8 | | 第二节 | 股东大会的一般规定 10 | | 第三节 | 股东大会的召集 14 | | 第四节 | 股东大会的提案与通知 15 | | 第五节 | 股东大会的召开 17 | | 第六节 | 股东大会的表决和决议 20 | | 第六章 | 董事会 25 | | 第一节 | 董 事 25 | | 第二节 | 独立董事 28 | | 第三节 | 董事会 36 | | 第七章 | 总经理及其他高级管理人员 40 | | 第八章 | 监事会 42 | | 第一节 | 监 事 42 | | 第二节 | 监事会 43 | | 第九章 | 财务会计制度、利润分配和审计 45 | | 第一节 | 财务会计制度 45 | | 第 ...

证券代码：688568 证券简称：中科星图 公告编号：2024-056 公司于 2024 年 11 月 1 日召开 2024 年第二次临时股东大会，通过累积投票 1 制方式选举产生第三届董事会非独立董事和独立董事，具体情况如下： 及聘任高级管理人员、证券事务代表的公告 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。 中科星图股份有限公司（以下简称"公司"）于 2024 年 11 月 1 日召开 2024 年第二次临时股东大会，选举产生了公司第三届董事会非独立董事及独立董事， 共同组成公司第三届董事会；选举产生了第三届监事会非职工代表监事，与公司 于 2024 年 10 月 15 日召开的职工代表大会选举产生的职工代表监事共同组成公 司第三届监事会。公司第三届董事会、监事会成员自 2024 年第二次临时股东大 会审议通过之日起就任，任职期限分别至第三届董事会、监事会届满之日止。 同日，公司召开第三届董事会第一次会议，审议通过《关于选举许光銮先生 为公司第三届董事会董事长的议案》《关于选举邵宗有先生为公司第三届董事会 副董事长的议 ...

证券代码：688568 证券简称：中科星图 公告编号：2024-054 中科星图股份有限公司 第三届董事会第一次会议决议公告 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法律责任。 一、董事会会议召开情况 中科星图股份有限公司（以下简称"公司"）第三届董事会第一次会议于 2024 年 11 月 1 日在北京市海淀区永丰产业园中关村壹号 F1 座十四会议室以现场结 合通讯的方式召开。由于本次会议为公司股东大会审议通过董事会换届选举事项 后的第一次会议，为尽快实现第三届董事会履行相应义务和职责，经全体董事一 致同意，豁免会议通知期限要求，会议通知于同日公司召开 2024 年第二次临时 股东大会后以口头方式送达全体董事，与会董事均已知悉与所议事项相关的必要 信息。会议由全体董事共同推举许光銮先生主持，主持人在会议上就本次豁免通 知事项进行了说明。本次会议应出席董事 11 人，实际出席董事 11 人，公司全体 监事和高级管理人员候选人、证券事务代表候选人列席了本次会议。本次会议的 召集、召开程序均符合《中华人民共和国公司法》（以下简称《公司法 ...

证券代码：688568 证券简称：中科星图 公告编号：2024-058 关于召开 2024 年第三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： 中科星图股份有限公司 一、 召开会议的基本情况 （一） 股东大会类型和届次 2024 年第三次临时股东大会 召开日期时间：2024 年 11 月 19 日 14 点 00 分 召开地点：北京市顺义区临空经济核心区机场东路 2 号国家地理信息科技产 业园 1A-4 星图大厦 9 层多功能会议室 （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 （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 不涉及 网络投票起止时间：自 2024 年 11 月 19 日 至 2024 年 11 月 19 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][3] Core Views - The company reported a revenue of 2.007 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 43.44%. The net profit attributable to the parent company was 146 million yuan, up 41.27% year-on-year. The company's performance is strong, with improved cash flow and stable expense ratios. The company is a leader in the domestic digital earth product development and industrialization, actively engaging in commercial satellite constellations and seizing opportunities in the low-altitude economy [2][5][6][7]. Financial Performance Summary - For the first three quarters of 2024, the company achieved a revenue of 2.007 billion yuan, a year-on-year increase of 43.44%. The net profit attributable to the parent company was 146 million yuan, up 41.27% year-on-year. The gross profit margin was 47.49%, a decrease of 1.31 percentage points year-on-year [5][6]. - In Q3 2024, the company reported a revenue of 903 million yuan, a year-on-year growth of 33.29%, and a net profit of 82 million yuan, up 21.07% year-on-year [5][6]. Future Projections - The company is expected to generate revenues of 3.614 billion yuan, 5.005 billion yuan, and 6.695 billion yuan for 2024, 2025, and 2026, respectively, with year-on-year growth rates of 43.68%, 38.47%, and 33.76%. The net profit attributable to the parent company is projected to be 480 million yuan, 638 million yuan, and 859 million yuan for the same years, with growth rates of 37.72%, 35.19%, and 34.74% respectively [7][8]. - The earnings per share (EPS) are expected to be 0.87 yuan, 1.17 yuan, and 1.58 yuan for 2024, 2025, and 2026, respectively, with a three-year compound annual growth rate (CAGR) of 35.88% [7][8]. Industry Context - The company is positioned to benefit from the significant growth opportunities in the commercial aerospace and low-altitude economy sectors, driven by national policies promoting the marketization of data elements and the development of the aerospace information industry [6][7]. - The company is implementing a "4+2" commercial aerospace full industry chain layout and has launched the GEOVIS intelligent low-altitude brain, enhancing its operational capabilities in the satellite cloud ecosystem [6][7].

Investment Rating - The report maintains a "Buy" rating for the company [6][7] Core Views - The company's Q3 revenue reached a historical high for the same period, with full-year revenue expected to continue its strong growth trajectory [7] - The company is a core enterprise in the aerospace information sector, with four key growth drivers: 1) National team status in digital Earth and deep expertise in special fields, 2) Rapid development of digital Earth online business, 3) Continuous improvement of industry chain layout, 4) Accelerated capital operations of subsidiaries [7] - The company's revenue for 2024Q1-Q3 reached RMB 2,007 million, a YoY increase of 43.44%, with net profit attributable to shareholders of RMB 146 million, up 41.27% YoY [6] - The company's 2024Q3 revenue was RMB 903 million, a YoY increase of 33.29%, with net profit attributable to shareholders of RMB 82 million, up 21.07% YoY [6] Financial Performance - The company's 2024Q1-Q3 gross margin was 47.49%, a YoY decrease of 1.31 percentage points, while the Q3 gross margin was 46.86%, a YoY increase of 1.12 percentage points [7] - The company's 2024Q1-Q3 net margin was 11.44%, a YoY decrease of 0.46 percentage points, while the Q3 net margin was 13.58%, a YoY decrease of 1.40 percentage points [7] - The company's 2024Q1-Q3 credit impairment loss was RMB 118 million, compared to RMB 66 million in the same period last year [7] - The company's 2024Q1-Q3 operating expense ratio was 33.28%, a slight YoY increase of 0.02 percentage points [7] Future Projections - The company's 2024-2026E revenue is projected to be RMB 3,664 million, RMB 5,123 million, and RMB 7,155 million, with YoY growth rates of 45.7%, 39.8%, and 39.7% respectively [8] - The company's 2024-2026E net profit attributable to shareholders is projected to be RMB 481 million, RMB 679 million, and RMB 950 million, with YoY growth rates of 40.5%, 41.2%, and 39.9% respectively [8] - The company's 2024-2026E EPS is projected to be RMB 0.89, RMB 1.25, and RMB 1.75 respectively [8] - The company's 2024-2026E PE ratios are projected to be 46x, 32x, and 23x respectively [7] Market Data - The company's closing price on October 28, 2024, was RMB 40.35, with a PB ratio of 6.2x and a dividend yield of 0.48% [3] - The company's market capitalization was RMB 21,923 million, with a total share capital of 543 million shares [3][4] - The company's net asset per share was RMB 6.63, with a debt-to-asset ratio of 43.42% [4]

Investment Rating - The report maintains an "Accumulate" rating for the company [5] - The target price is set at 50.72 CNY, with the current price at 40.35 CNY [5] Core Insights - The company's overall performance meets market expectations, with revenue and profit growth exceeding 40% in the first three quarters [3] - The company is positioned to achieve better-than-expected performance due to its proactive layout in the low-altitude economy and commercial aerospace sectors [3] - The company has established itself as a leader in the digital earth sector and is expanding into the commercial aerospace market through the "Star Map Cloud" platform [10] Financial Performance Summary - In the first three quarters of 2024, the company achieved revenue of 2.007 billion CNY, a year-on-year increase of 43.44%, and a net profit attributable to shareholders of 146 million CNY, up 41.27% [10] - For Q3 2024, revenue reached 903 million CNY, a 33.29% increase year-on-year, with a net profit of 82 million CNY, growing 21.07% [10] - The company reported positive operating cash flow for the first time in Q3 2024, with a gross margin of 46.86%, up 1.12 percentage points year-on-year [10] Future Financial Projections - Expected net profits for 2024-2026 are projected at 482 million CNY, 716 million CNY, and 972 million CNY respectively, with EPS of 0.89 CNY, 1.32 CNY, and 1.79 CNY [10] - The company is anticipated to maintain strong revenue growth, with projected revenues of 3.856 billion CNY in 2024, 5.439 billion CNY in 2025, and 6.988 billion CNY in 2026 [11] Market Position and Strategy - The company leverages its strong technological barriers and market advantages in satellite applications and services, supported by research capabilities from the Chinese Academy of Sciences [10] - The company aims to deepen its involvement in the commercial aerospace supply chain, establishing a comprehensive and self-controlled industrial system [10] - The "4+2" model encompasses satellite manufacturing, launching, applications, services, and essential ground infrastructure development [10]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is a leading player in the "Digital Earth" sector, maintaining a strong growth trajectory with projected net profits of 478 million, 663 million, and 910 million yuan for 2024-2026, respectively. The corresponding EPS is expected to be 0.88, 1.22, and 1.67 yuan per share, with PE ratios of 45.9, 33.1, and 24.1 times for the same period [3][4] Financial Performance Summary - For the first three quarters of 2024, the company achieved operating revenue of 2.007 billion yuan, a year-on-year increase of 43.44%. The net profit attributable to the parent company was 146 million yuan, up 41.27%, and the net profit after deducting non-recurring gains and losses was 70.071 million yuan, reflecting a growth of 24.94%. In Q3 alone, the operating revenue reached 903 million yuan, a 33.29% increase year-on-year, with a net profit of 82.09 million yuan, up 21.07%, and a non-recurring net profit of 65.379 million yuan, growing by 45.16% [4][6] - The gross margin for Q3 was 46.86%, an increase of 1.12 percentage points year-on-year. The sales expense ratio and R&D expense ratio were 6.81% and 13.49%, respectively, both showing a decrease, while the management expense ratio increased to 8.94%, up 1.53 percentage points year-on-year [4] - The company's cash flow from operating activities for the first three quarters was -501 million yuan, showing a decline year-on-year. However, Q3 saw a positive cash flow of 15.7241 million yuan, attributed to improved collection management [4] - As of the end of Q3, the company's contract liabilities amounted to 1.42 billion yuan, a growth of 118.07% from the beginning of the year, indicating an increase in contract prepayments. The advance payments stood at 240 million yuan, reflecting a rise in procurement payments for existing orders, suggesting a robust order backlog [4] Strategic Development - The company completed the first phase of its "4+2" commercial aerospace full industry chain layout in May 2024, which includes the development of four satellite constellations for electromagnetic, meteorological, remote sensing, and new computing power, along with a global measurement and control network and an operational service center [5]

Investment Rating - The report maintains a "Recommended" rating for the company [3]. Core Views - The company reported a revenue of 2.01 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 43.4%. The net profit attributable to shareholders was 150 million yuan, up 41.3% year-on-year, and the net profit excluding non-recurring items was 70 million yuan, reflecting a 24.9% increase year-on-year. The performance aligns with market expectations [1]. - The company is benefiting from the development opportunities in the aerospace information industry, with an increase in orders contributing to revenue growth. The revenue growth rate and gross margin have remained high, with the gross margin for Q3 2024 at 46.9%, an increase of 1.12 percentage points year-on-year [1]. - The company has increased its R&D investment, with R&D expenses reaching 300 million yuan, a year-on-year increase of 27.6%. The company’s cash flow from operating activities improved in Q3 2024, showing a net cash flow of 20 million yuan compared to a negative cash flow of 150 million yuan in Q3 2023 [1]. - The company is deepening its layout in the low-altitude economy, which is expected to accelerate into a substantial construction phase, benefiting from national policies promoting low-altitude economic networks [1]. Financial Summary - For the first three quarters of 2024, the company achieved revenues of 4.2 billion yuan, 6.9 billion yuan, and 9.0 billion yuan for Q1, Q2, and Q3 respectively, with year-on-year growth rates of 56.4%, 50.9%, and 33.3% [1]. - The projected net profit attributable to shareholders for 2024, 2025, and 2026 is expected to be 485 million yuan, 681 million yuan, and 928 million yuan respectively, with corresponding PE ratios of 45x, 32x, and 24x [2][5]. - The company’s total revenue is projected to reach 7.513 billion yuan by 2026, with a growth rate of 42.6% [2][5].

证券代码：688568 证券简称：中科星图 公告编号：2024-050 中科星图股份有限公司 关于 2024 年第三季度计提资产减值准备的公告 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、计提资产减值准备情况概述 根据《企业会计准则》及相关会计政策的规定，为客观、公允地反映中科星 图股份有限公司（以下简称"公司"）截至 2024 年 9 月 30 日的财务状况和 2024 年第三季度的经营成果，本着谨慎性原则，公司对截至 2024 年 9 月 30 日合并报 表范围内各类应收款项、存货、合同资产、固定资产、无形资产等资产进行了全 面清查，认为上述资产中部分资产存在一定的减值迹象，公司需对各项可能发生 资产减值损失的相关资产计提减值准备。 2024 年第三季度，公司计提的信用减值及资产减值准备共计 35,761,388.23 元，具体情况如下表所示： | 单位：人民币元 | | --- | | | 项目 | 2024 年第三季度计提金额 | | | --- | --- | --- | --- | | 信用减值损失 | 应 ...