| --- | --- | --- | --- | --- | --- | |-----------------------------|--------|--------|--------|--------|--------| | 营业收入（百万元） | 1,577 | 2,516 | 3,671 | 5,160 | 6,923 | | 营业收入增长率 | 51.62% | 59.54% | 45.94% | 40.55% | 34.18% | | 净利润（百万元） | 243 | 343 | 481 | 681 | 936 | | 净利润增长率 | 10.19% | 41.11% | 40.43% | 41.57% | 37.46% | | EPS （元） | 0.67 | 0.94 | 1.32 | 1.87 | 2.57 | | ROE （归属母公司 ) （摊薄） | 7.56% | 9.61% | 12.10% | 14.92% | 17.41% | | P/E | 81 | 58 | 41 | 29 | 21 | | P/B | 4.1 | 5.6 | 5.0 | 4.3 | 3.7 | 联系人： ...

Investment Rating - The report does not explicitly state an investment rating for the company Core Insights - The company has achieved rapid revenue and net profit growth, with 2023 revenue reaching 2.516 billion yuan, a year-on-year increase of 59.54%, and a CAGR of 47.17% from 2018 to 2023. The net profit attributable to shareholders was 343 million yuan, up 41.11% year-on-year, with a CAGR of 30.92% from 2018 to 2023 [3][4][30]. Company Overview - The company focuses on the development and service of digital earth-related products and core technologies, providing customized application systems based on specific user needs through third-party plugins and hardware integration [1]. - The company offers specialized equipment and system integration services, primarily through the sale of integrated machine products that combine software and hardware for rapid delivery [1]. Software Sales and Data Services - The software sales and data services segment includes the digital earth basic software platform, application software platform, and data products. The core software product is based on remote sensing and mapping data, providing foundational data support for various industry applications [2]. Industry Context - The digital earth industry is experiencing rapid growth due to the increasing demand for information technology and digitalization across various sectors, including government, enterprise, and special applications [5][7]. - The global geographic information market was valued at approximately 395 billion USD in 2021, with significant growth expected in the coming years, driven by advancements in remote sensing and satellite navigation technologies [13][23]. Growth Strategies - The company is pursuing a group-based, ecological, and international strategy to drive rapid development, focusing on six core business segments: special fields, aerospace measurement and control, smart government, meteorological ecology, enterprise energy, and online business [30]. - The company aims to enhance its online digital earth business and expand into new application areas such as education, culture, and news, while transitioning traditional offline business to online platforms [28][42]. Financial Performance - The company has shown consistent financial growth, with total revenue for its subsidiary, Star Map Control, reaching 229 million yuan in 2023, and net profit of 63 million yuan [31][40]. - The subsidiary, Weitianxin, achieved revenue of 382 million yuan and net profit of 106 million yuan in 2023, indicating strong performance in the meteorological technology service sector [36][41]. Market Opportunities - The digital earth industry is positioned to benefit from national policies promoting new generation information technology and geographic information technology, creating a favorable environment for growth [15][21]. - The increasing integration of digital earth technologies with big data, cloud computing, and artificial intelligence is expected to drive demand across various sectors, including emergency response, resource management, and urban planning [22][17].

非常有幸请到我们中科技术的领导张明飞总和大家做一个今天的交流因为我们知道中科技术也一直是摇杆拥有的一个公投企业这个投表现 包括投资都是比较稳健而且有一个加速增长的趋势所以我们今天也是张总跟大家再做一个交流张总那这边请您先开始好的 各位同学大家早上好那我就还是对这个新图的近况去做一个简单的介绍然后咱们再有什么问题的话再进行一个针对性的交流其实我们前段时间呢就是在年报跟一级报也是做了这个相应的解读那我就再把这个重点稍微连一下给各位同事做一个汇报就是新图呢其实我们也算是成立的很早的一个老牌的军工企业现在是从军相比 然后再向2C这样去慢慢的去转型然后去达到我们的第二阶段曲线那么整体现在公司的产品布局其实已经是比较清晰了我们一块是围绕着线下交付的这种模式我们叫第一阶段曲线然后第二块就是我们基本上是从去年开始前年贷入资的项目然后从去年开始带来的推进发展就是我们线上的我们叫它为第二阶段曲线 然后现在整体的业务基本上还都是在这个第一阶段出现就是我们的业务现在也分成了这么几块吧就是一个是甲烟的各种领域然后有海绵作业控然后有气象生态有智慧政府还有企业能源 然后就是我们线下业务的一个分类情况然后在线下业务里面我也是逐一的做一个介绍 ...

中科星图(688568) 目标价: 昨收盘:53.00 ◼ 股票数据 证券分析师：曹佩 电话： E-MAIL：caopeisz@tpyzq.com 分析师登记编号：S1190520080001 低空经济技术不断突破。公司自 2020 年开始部署低空经济领域， 前期已具备低空通航产品及项目基础，相关的业务布局涵盖了低空服 务基础平台产品研发、低空服务全套解决方案研发、围绕低空进行相 关产业生态建设等主要方向，面向低空物流、通航运输、城市管理、 公共服务等领域应用场景提供综合解决方案。 请务必阅读正文之后的免责条款部分 守正 出奇 宁静 致远 | --- | --- | --- | --- | --- | |--------------------|--------|---------------------------------|--------|--------| | 营业收入（百万元） | | 2515.60 3773.39 5471.42 7933.56 | | | | 营业收入增长率 (%) | 59.54% | 50.00% | 45.00% | 45.00% | | 归母净利（百万元） | | 3 ...

证券代码：688568 证券简称：中科星图 公告编号：2024-027 中科星图股份有限公司 2023 年年度股东大会决议公告 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 5 月 8 日 （二） 股东大会召开的地点：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 （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 | 14 | | --- | --- | | 普通股股东人数 | 14 | | 2、出席会议的股东所持有的表决权数量 | 227,749,465 | | 普通股股东所持有表决权数量 | 227,749,465 | | 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 | 62.4572 | | 比例（%） | | | 普通股股东所持有表决权数量占公司表决权 ...

北京市建国门北大街 8 号华润大厦 20 层 邮编：100005 电话：(86-10) 8519-1300 传真：(86-10) 8519-1350 北京市君合律师事务所 关于中科星图股份有限公司 2023 年年度股东大会之 法律意见书 二零二四年五月 | 北京总部 电话: (86-10) 8519-1300 | | 深圳分所 电话: (86-755) 2587-0765 | | 大连分所 电话: (86-411) 8250-7578 | 香港分所 电话: (852) 2167-0000 | | | --- | --- | --- | --- | --- | --- | --- | | | 传真: (86-10) 8519-1350 | | 传真: (86-755) 2587-0780 | 传真: (86-411) 8250-7579 | | 传真: (852) 2167-0050 | | 上海分所 | 电话: (86-21) 5298-5488 | 广州分所 | 电话: (86-20) 2805-9088 | 海口分所 电话: (86-898) 6851-2544 | 纽约分所 电话: (1-212) 70 ...

请参会人员务必注意本次电话会议交流内容仅限参会人员内部参考任何机构或个人不得以任何形式对电话会议任何内容进行泄露或外发请勿以任何方式索要 泄露 散布 转发电话会议纪要任何泄露电话会议纪要等信息的行为均为侵权行为声望红颜研究保留追究泄露转发者法律责任的权利各位投资者早上好我是声望军工分析师沐绍扬今天我们也是非常有福气请到我们中科技术的领导张明飞总和大家做一个精细的交流因为我们知道中科技术也一直是 摇杆拥有一个空投棋投表现一直都是比较稳健而且有一个加速增长的趋势所以我们今天也是张总跟大家再做一个信息的交流张总那这边请您先开始好的各位同学大家早上好 那我就还是对这个新图的近况去做一个简单的介绍然后咱们再有什么问题的话再进行一个针对性的交流那其实我们前段时间呢就是在年报跟一级报也是做了这个相应的解读那我就再把这个重点稍微演练一下给各位投资人做一个汇报 就是新竹呢其实我们也算是成立的很早的一个老牌的军工企业现在是从军项铭然后再向2C这样去慢慢的去转型然后去打造我们的第二极端实现那么整体现在公司的产品布局呢其实已经是比较清晰了我们就是一块呢是 围绕着线下交互的这种模式我们叫这个叫第一增长曲线然后第二块就是我们基本上是从去 ...

1133.90 请务必阅读正文之后的免责声明部分 增持：未来六个月行业增长水平高于同期沪深 300指数。 中性:未来六个月行业增长水平与同期沪深 300指数相若。 减持：未来六个月行业增长水平低于同期沪深300指数。 销售团队: 中航证券研究所发布 7 请务必阅读正文之后的免责声明部分 [证券研究报告] 4 | --- | |--------------------------------------------------------------------| | | | 目基础,可面向低空物流、通航运输、城市管理、公共服务等领域应用场景 | | 提供综合解决方案。公司参股子公司北斗伏羲是国内第一家城市超低空空 | | 域北斗导航图的专利拥有企业,已经在深圳、合肥、衢州、成都等多个城市 | | 打造低空空域新型基础设施建设项目。2024 年 4 月 11 日，莱斯信息与中 | | 科星图就共同推动落地低空经济合作事宜进行深入交流,达成了共同打造 | | 低空经济产业生态共识，将针对低空+物流、低空+城市治理、低空+应急等 | | 多个"低空+"场景应用领域开展合作。4月12日,北斗伏羲与中铁建领导 | | ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1][6][30] Core Views - The company is a leading player in the "Digital Earth" sector, showcasing strong growth momentum with Q1 revenue continuing to increase significantly [1][5] - The cloud service model is being developed as a second growth curve, entering a harvest phase with a growing number of certified developers and applications [2][7] - The company has strategically positioned itself in the low-altitude economy, expected to benefit from industry growth [8] Financial Performance - In Q1, the company achieved a revenue of 419 million yuan, representing a year-on-year growth of 56.43%, indicating robust growth momentum despite a high base [7] - The net profit attributable to shareholders was 1.94 million yuan, a decline of 62.08% year-on-year, primarily due to increased minority shareholder losses and higher fixed costs associated with business expansion [7] - The comprehensive gross margin stood at 48.06%, down 3.39 percentage points year-on-year, while operational efficiency improved with reductions in sales, management, and R&D expense ratios [7] Growth Projections - The company maintains its net profit forecasts for 2024-2026 at 478 million, 663 million, and 910 million yuan, respectively, with EPS projected at 1.31, 1.82, and 2.50 yuan per share [6][9] - Revenue projections for 2024-2026 are set at 3.606 billion, 4.982 billion, and 6.816 billion yuan, with year-on-year growth rates of 43.4%, 38.1%, and 36.8% respectively [9] Strategic Initiatives - The company has been actively developing low-altitude economy services since 2020, focusing on comprehensive solutions for low-altitude logistics, aviation transport, urban management, and public services [8] - The company has a stake in a subsidiary that holds patents for urban ultra-low altitude navigation maps, contributing to the establishment of a national low-altitude airspace investment platform with a total investment of 250 million yuan [8]

中信建投证券股份有限公司 关于中科星图股份有限公司 首次公开发行股票并在科创板上市之保荐总结报告书 中信建投证券股份有限公司（以下称"中信建投证券"或"保荐机构"）作为中 科星图股份有限公司（以下简称"中科星图"、"公司"）首次公开发行股票并在科 创板上市的保荐机构，持续督导期限截至 2023 年 12 月 31 日。目前，持续督导 期已经届满，中信建投证券根据《首次公开发行股票注册管理办法》《证券发行 上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》《科创板上市公 司持续监管办法（试行）》等有关法律法规规定，出具本保荐总结报告书。 一、保荐机构及保荐代表人承诺 1、保荐总结报告书和证明文件及其相关资料的内容不存在虚假记载、误导 性陈述或重大遗漏，保荐机构及保荐代表人对其真实性、准确性、完整性承担法 律责任。 2、本机构及本人自愿接受中国证监会对保荐总结报告书相关事项进行的任 何质询和调查。 3、本机构及本人自愿接受中国证监会按照《证券发行上市保荐业务管理办 法》的有关规定采取的监管措施。 二、保荐机构基本情况 1、保荐机构名称：中信建投证券股份有限公司 2、注册地址：北京市朝阳区安立路 66 号 ...