中控技术股份有限公司（以下简称"公司"）2019 年第一期员工持股计划（以 下简称"本期员工持股计划"或"第一期员工持股计划"）所持有的公司 A 股股 票已通过大宗交易及集中竞价交易方式全部减持完毕，根据中国证监会《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（2023 年 12 月修 订）》的相关规定，现将相关情况公告如下： 证券代码：688777 证券简称：中控技术 公告编号：2024-075 中控技术股份有限公司 关于 2019 年第一期员工持股计划减持完毕的公告 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。 1、公司 2019 年第一期员工持股计划已减持完毕全部所持公司股票，在减持 期间，严格遵守市场交易规则，遵守中国证监会、上海证券交易所关于股票买卖 相关规定。 四次会议，审议通过了《关于第一期员工持股计划展期的议案》，同意将公司第 一期员工持股计划存续期展期 12 个月，即存续期展期至 2025 年 5 月 29 日。 2023 年 6 月 26 日，因公司实施了 2022 年度利润分配方 ...

Core Viewpoint - MSCI has awarded Zhongkong Technology (688777) an A rating in its latest annual ESG assessment, highlighting the company's significant achievements in sustainable development and recognition by an international authority [1] Group 1: ESG Achievements - Zhongkong Technology has received positive evaluations in various domestic and international ESG rating systems, including being selected as an "Excellent ESG Case" by the China Listed Companies Association and included in the "Shanghai Stock Exchange Sci-Tech Innovation Board ESG Index" [1] - The company has been recognized as a benchmark enterprise for social responsibility in Zhejiang Province and an outstanding ESG enterprise [1] Group 2: Future Plans - The company will continue to uphold the concept of sustainable development, enhance ESG management, and promote high-quality, sustainable growth [2] - Zhongkong Technology aims to collaborate with customers, shareholders, employees, ecological partners, and communities to explore a green, harmonious, and win-win future development blueprint [2]

Group 1: Investor Relations Activities - The investor relations activities included analyst meetings, media interviews, performance briefings, and site visits, with participation from various financial institutions and investment firms [1][2][3][4][5][6][7]. Group 2: Company Performance and Financials - In the first three quarters of 2024, the company achieved a revenue of 6.337 billion CNY, representing a year-on-year growth of 11.58% [6]. - The net profit attributable to the parent company reached 737 million CNY, a year-on-year increase of 32.02%, while the net profit excluding non-recurring gains and losses was 675 million CNY, up 55.60% [6]. Group 3: Industry Trends and Policies - The company anticipates a significant period of equipment upgrades in various industries, driven by national policies that provide clear guidelines and financial support for equipment renewal and technological transformation [4]. - The government has introduced specific policies to support equipment upgrades, including special loan policies from the central bank and subsidies from relevant ministries [4]. Group 4: Technological Innovations and AI Integration - The company is committed to integrating AI into industrial applications, aiming to transition from a traditional automation company to an industrial AI company, enhancing economic value for clients [4][6]. - The TPT AI model, launched in June 2024, has been widely adopted across multiple industries, significantly improving production efficiency and safety while reducing costs [6]. Group 5: International Market Expansion - The company is actively expanding its international market presence, focusing on Southeast Asia, the Middle East, Central Asia, and Europe, with notable collaborations with high-profile clients like Saudi Aramco and BASF [5]. - Recent projects include winning contracts for advanced robotic systems and industrial information security products, marking significant milestones in the company's overseas business expansion [5]. Group 6: Subscription Model for Software Products - The subscription model for software products has been well-received, with hundreds of clients engaging in this flexible service offering since its launch in Q2 2024 [6]. - This model aims to enhance customer engagement and support long-term collaborative development, contributing to the overall service capability from design to operation [6]. Group 7: Strategic Transformation Goals - The company aims to transform into a data-centric industrial AI enterprise, optimizing its business model and talent pool to leverage accumulated data in the process industry [7]. - The dual architecture for technological innovation and three platforms for business model innovation are designed to maximize data value and enhance customer service [7].

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： | 回购方案首次披露日 | 2024/7/3 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 月 日~2025 年 月 2024 | 7 | 2 | 7 | 1 | 日 | | 预计回购金额 | 10,000 万元~20,000 万元 | | | | | | | 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 | 2,338,481 股 | | | | | | | 累计已回购股数占总股本比 例 | 0.2958% | | | | | | | 累计已回购金额 | 万元 8,667.6105 | | | | | | | 实际回购价格区间 | 34.92 元/股~48.80 元/股 | | | | ...

Investment Rating - The report maintains an investment rating of "Buy-A" for the company [5]. Core Views - The company has experienced short-term revenue growth pressure but continues to make significant breakthroughs in overseas markets. The strategic adjustments, including the divestment of low-value-added businesses, are expected to lead to a recovery in revenue growth in the future [2][3]. Summary by Sections Market Performance - As of October 30, 2024, the company's closing price is 47.75 yuan, with a year-to-date high of 60.36 yuan and a low of 34.00 yuan. The circulating A-shares amount to 7.79 billion, with a market capitalization of 371.81 billion yuan [1]. Financial Performance - For the first three quarters of 2024, the company reported revenue of 63.37 billion yuan, a year-on-year increase of 11.58%. The net profit attributable to shareholders was 7.17 billion yuan, up 3.36% year-on-year, while the net profit excluding non-recurring items was 6.55 billion yuan, reflecting a 15.09% increase [2]. - In Q3 2024, the company achieved revenue of 20.85 billion yuan, a year-on-year growth of 2.30%. The net profit for the quarter was 2.00 billion yuan, up 9.52%, and the net profit excluding non-recurring items was 1.83 billion yuan, a 25.81% increase [2]. Strategic Developments - The company is rapidly expanding into new business areas such as robotics, hydrogen production, smart laboratories, and smart mining. Collaborations with major clients like Saudi Aramco have led to significant orders, indicating strong growth potential in these sectors [4]. - The company has also made strides in overseas markets, securing a million-dollar order with Saudi Aramco and winning a project in Malaysia, marking its first successful deployment of robotic equipment in Southeast Asia [4]. Earnings Forecast - The earnings per share (EPS) forecasts for 2024, 2025, and 2026 are projected at 1.48, 1.76, and 2.07 yuan, respectively. The corresponding price-to-earnings (P/E) ratios are expected to be 32.22, 27.14, and 23.05 based on the closing price of 47.75 yuan on October 30, 2024 [5].

Investment Rating - The report maintains a "Buy-A" rating for the company, indicating an expected price increase of over 15% compared to the benchmark index [2][3]. Core Insights - The company has rapidly expanded into new business areas such as robotics, hydrogen production, smart laboratories, and overseas markets, achieving significant growth in these sectors [1][2]. - In the first three quarters of 2024, the company reported revenue of 6.337 billion yuan, a year-on-year increase of 11.58%, and a net profit of 717 million yuan, up 3.36% year-on-year [2][3]. - The company is undergoing a strategic transformation, which has led to a temporary decline in revenue growth but is expected to rebound as new policies are implemented [3][4]. Financial Performance - For the third quarter of 2024, the company achieved revenue of 2.085 billion yuan, a year-on-year increase of 2.30%, and a net profit of 200 million yuan, up 9.52% year-on-year [2][3]. - The company's operating efficiency has improved, with a decrease in sales, management, and R&D expense ratios compared to the previous year [3][4]. - The forecasted earnings per share (EPS) for 2024-2026 are 1.48, 1.76, and 2.07 yuan, respectively, with corresponding price-to-earnings (P/E) ratios of 32.22, 27.14, and 23.05 [3][4]. Business Expansion - The company has successfully secured high-profile contracts with global clients, including Saudi Aramco, and has made significant inroads into the Southeast Asian market with its robotics technology [1][2]. - The collaboration with Shanxi Jinneng Duanwang Coal Industry and Pengfei Group has established a benchmark application in the smart mining sector, marking a significant breakthrough for the company [1][2].

增长 2024-08-22 2.华安证券_公司研究_计算机行业_ 点评报告_公司点评_中控技术_利润 增 速 可 观 ， 费 用 控 制 效 果 显 著 2024-04-18 中控技术（ [Table_StockNameRptType] 688777） 公司点评 前三季度扣非净利润较快增长，盈利能力持续优化 | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------|-------|-------------------------------|-------------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Investment Rating - The investment rating for the company is "Outperform the Market" [1] Core Views - The company has achieved steady revenue growth, with a reported revenue of 6.337 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 11.58%. The net profit attributable to the parent company was 717 million yuan, up 3.36% year-on-year [4][6] - The company has made significant progress in controlling costs, with sales, management, and R&D expenses showing a decrease in growth rates compared to the previous year [5] - The company secured a significant order from Saudi Aramco, enhancing its position in the industrial cybersecurity sector [5] Summary by Sections Financial Performance - For the first three quarters of 2024, the company reported a revenue of 6.337 billion yuan, a year-on-year increase of 11.58%. The net profit attributable to the parent company was 717 million yuan, up 3.36% year-on-year. After excluding the GDR exchange loss, the net profit would have been 737 million yuan, reflecting a 32.02% increase year-on-year [4][6] - In Q3 alone, the company achieved a revenue of 2.085 billion yuan, a year-on-year increase of 2.3%, with a net profit of 200 million yuan, up 9.52% year-on-year [4] Cost Control - The company has effectively controlled costs, with sales expenses, management expenses, and R&D expenses for the first three quarters of 2024 being 522 million yuan, 288 million yuan, and 674 million yuan, respectively. This reflects a year-on-year decrease of 1.11%, 11.15%, and an increase of 7.56% [5] Business Development - The company has made a breakthrough in its overseas business by securing a significant order from Saudi Aramco for the RTU Secure product, aimed at enhancing cybersecurity measures in industrial control systems [5] - The collaboration with Saudi Aramco indicates a deepening partnership and strengthens the company's leading position in the industrial cybersecurity field [5] Earnings Forecast - The company is expected to achieve steady growth in revenue and profit, with projected revenues of 9.655 billion yuan, 10.804 billion yuan, and 11.956 billion yuan for 2024, 2025, and 2026, respectively. The net profit attributable to the parent company is forecasted to be 1.220 billion yuan, 1.514 billion yuan, and 1.850 billion yuan for the same years [6][9]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% relative to the industry index within the next six months [11]. Core Views - The company has shown positive performance in Q3 2024, achieving a revenue of 6.337 billion yuan, a year-on-year increase of 11.58%, and a net profit attributable to shareholders of 717 million yuan, up 3.36% year-on-year. Excluding GDR exchange losses, the net profit was 737 million yuan, reflecting a 32.02% increase [2][4]. - The company is accelerating the implementation of its "AI + Robotics" strategy, with significant advancements in humanoid robotics and the introduction of a new intelligent factory construction model [2][4]. - The company is expected to continue its growth trajectory, with projected revenues of 9.815 billion yuan, 11.571 billion yuan, and 13.987 billion yuan for 2024, 2025, and 2026 respectively, alongside net profits of 1.233 billion yuan, 1.474 billion yuan, and 1.769 billion yuan for the same years [4][5]. Financial Summary - For Q3 2024, the company reported a revenue of 2.085 billion yuan, a 2.30% year-on-year increase, and a net profit of 200 million yuan, up 9.52% year-on-year. The non-GAAP net profit was 183 million yuan, reflecting a 25.81% increase [2]. - The company’s operating expenses for the reporting period included sales expenses of 522 million yuan, management expenses of 288 million yuan, and R&D expenses of 674 million yuan, with respective year-on-year changes of -1.11%, -11.15%, and +7.56% [2]. - The company’s financial metrics indicate a projected EPS of 1.56 yuan, 1.86 yuan, and 2.24 yuan for 2024, 2025, and 2026 respectively, with corresponding P/E ratios of 32.4X, 27.1X, and 22.6X [4][7].

Investment Rating - The investment rating for the company is "Buy" [2][4][6] Core Views - The company reported a revenue of 6.337 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 11.58%. The net profit attributable to shareholders was 717 million yuan, up 3.36% year-on-year. Excluding foreign exchange gains and losses, the net profit increased by 32.02% to 737 million yuan [2][6] - The company has shown effective cost control, with a notable breakthrough in overseas markets. Its core products maintain a leading market share, positioning the company to benefit from equipment renewal policies [2][6] - The company is a leading player in the domestic process automation industry and is expected to benefit from the equipment renewal policy outlined by the Ministry of Industry and Information Technology [2][6] Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved a revenue of 6.337 billion yuan, a year-on-year increase of 11.58%. The net profit attributable to shareholders was 717 million yuan, up 3.36% year-on-year. The net profit excluding foreign exchange gains and losses was 737 million yuan, reflecting a growth of 32.02% [6] - The gross profit margin was 32.85%, a slight increase of 0.10 percentage points year-on-year [6] Cost Management - The company demonstrated significant improvements in cost management, with sales, management, and R&D expense ratios decreasing to 8.23%, 4.54%, and 10.63%, respectively, compared to the previous year [6] Market Position - The company holds a 37.8% market share in DCS products and a 33.7% market share in SIS products, both ranking first in the domestic market for thirteen consecutive years [6] - The company is expected to benefit from the industrial equipment renewal and technology transformation guidelines issued by the Ministry of Industry and Information Technology, which aims to complete the renewal of approximately 200,000 sets of industrial software and 800,000 sets of industrial operating systems by 2027 [6] Future Projections - Revenue projections for 2024, 2025, and 2026 are 10.033 billion yuan, 11.623 billion yuan, and 13.524 billion yuan, respectively, with year-on-year growth rates of 16.39%, 15.85%, and 16.35% [7] - Net profit projections for the same years are 1.233 billion yuan, 1.487 billion yuan, and 1.834 billion yuan, with growth rates of 11.89%, 20.67%, and 23.32% [7]