证券代码：688777 证券简称：中控技术 公告编号：2024-036 中控技术股份有限公司 ● 由于公司高级管理人员房永生及张磊同时担任中控西子的董事，根据《上 海证券交易所科创板股票上市规则》等有关规定，中控西子是公司的关联法人， 本次交易构成关联交易，但不构成重大资产重组。 ● 本次关联交易已经公司第六届董事会独立董事第五次专门会议、第六届 董事会第六次会议及第六届监事会第六次会议审议通过。本次交易无须提交股东 大会审议。 一、关联交易概述 为聚焦主营业务，突出科创属性，加强对下属子公司的业务协同性管理，进 一步优化资产结构及产业布局，公司拟将全资子公司中控系统工程 100%股权转 让给中控西子，交易对价为 52,161,018.58 元，较账面净资产减值率为 1.06%。本 次交易完成后，公司不再直接持有中控系统工程的股权，中控系统工程将不再纳 入公司的合并报表范围，债权债务均由受让方中控西子承担。 由于公司高级管理人员房永生及张磊同时担任中控西子的董事，根据《上海 证券交易所科创板股票上市规则》等有关规定，中控西子是公司的关联法人，本 关于转让子公司股权暨关联交易的公告 本公司董事会及全体董事保证本 ...

上述事项均符合相关法律、法规及规范性文件所规定的条件，不存在损害公 司及股东利益的情形。 特此公告。 中控技术股份有限公司监事会 中控技术股份有限公司监事会 关于 2021 年限制性股票激励计划 第二个归属期归属名单的核查意见 中控技术股份有限公司（以下简称"公司"）监事会依据《中华人民共和国 公司法》《中华人民共和国证券法》《上市公司股权激励管理办法》《上海证券交 易所科创板股票上市规则》和《中控技术股份有限公司章程》等有关规定，对本 次限制性股票激励计划第二个归属期符合归属条件的激励对象名单进行审核，发 表核查意见如下： 公司 2021 年限制性股票激励计划中 57 名激励对象因离职、主动放弃归属、 所在子公司控制权变更等情况，已不具备激励对象资格；14 名激励对象因 2023 年个人绩效考核结果为"C"，本期个人层面归属比例为 0%，不符合第二个归属 期归属条件。除上述情况之外之外，监事会对公司 2021 年限制性股票激励计划 第二个归属期拟归属的 878 名激励对象进行了核查，认为各激励对象绩效考核结 果合规、真实，不存在虚假、故意隐瞒等相关情况，本次激励计划的 878 名激励 对象第二个归属期归属的 ...

证券代码：688777 证券简称：中控技术 公告编号：2024-032 中控技术股份有限公司 关于2021年限制性股票激励计划第二个归属期 归属条件成就的公告 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： 本次拟归属股票数量：67.6168万股 归属股票来源：公司向激励对象定向发行公司A股普通股股票 一、本次股权激励计划批准及实施情况 （一）本次股权激励计划方案及履行的程序 1、本次股权激励计划的主要内容 （1）股权激励方式：第二类限制性股票。 （4）激励人数：共计1,002人，为公司高级管理人员、外籍员工、核心骨干 人员以及董事会认为需要激励的其他人员。 | 归属安排 | 归属时间 | 归属权益数量占授予 | | --- | --- | --- | | | | 权益总量的比例 | | 第一个归属期 | 自授予之日起12个月后的首个交易日起至授 | 20% | | | 予之日起24个月内的最后一个交易日当日止 | | | 第二个归属期 | 自授予之日起24个月后的首个交易日起至授 | 20% | （5）限 ...

重要内容提示： ● 本次增加日常关联交易预计额度事项尚需提交公司股东大会审议。 ● 日常关联交易对上市公司的影响：本次增加的日常关联交易是公司正常 生产经营需要，交易定价以市场价格为依据，不影响公司的独立性，不存在损 害公司及股东利益的情形，公司不会因该关联交易对关联人产生依赖。 证券代码：688777 证券简称：中控技术 公告编号：2024-037 中控技术股份有限公司 关于增加 2024 年度日常关联交易预计额度的公告 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。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 1、中控技术股份有限公司（以下称简称"公司"）于 2024 年 4 月 7 日召开 的第六届董事会第四次会议、第六届监事会第四次会议、第六届董事会独立董事 第四次专门会议、第六届董事会审计委员会第三次会议及 2024 年 4 月 29 日召开 的 2023 年年度股东大会审议通过了《关于预计 2024 年度日常性关联交易额度的 议案》，预计 2024 年度日常关联交易预计金额为 178,000.0 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) with a target price of 55.48 CNY, based on the current price of 44.14 CNY [2]. Core Insights - The company has launched two groundbreaking products: the universal control system UCS and the AI temporal model TPT, marking a significant step towards industrial AI development [3][4]. - The UCS product, named Nyx, utilizes a cloud-native architecture that drastically reduces costs, with a 90% reduction in cabinet space, 80% decrease in cable costs, and a 50% shorter construction period [4]. - The TPT model addresses key industrial challenges such as anomaly warning and operational optimization, transitioning from multiple models to a single model supporting various applications [5]. - The company is building a core competitive advantage in "AI + data," aiming to enhance production efficiency and reduce costs across various industrial processes [6]. Financial Forecasts and Valuation - Projected revenues for 2024-2026 are 10.661 billion CNY, 13.077 billion CNY, and 15.836 billion CNY, with year-on-year growth rates of 23.68%, 22.66%, and 21.11% respectively [7]. - The net profit attributable to the parent company is expected to be 1.252 billion CNY, 1.545 billion CNY, and 1.973 billion CNY for the same period, with growth rates of 13.64%, 23.39%, and 27.68% respectively [7]. - The company is valued at a 35x PE ratio for 2024, leading to a target price of 55.48 CNY, reflecting its leadership position in the domestic process automation sector and its transition towards an industrial AI company [7].

Investment Rating - The report maintains a "Buy" rating for the company, with expected revenue growth and profitability improvements over the next few years [4][5]. Core Insights - The company launched two groundbreaking products at the 2024 Global Product Launch: the Universal Control System (UCS) and the AI Time Series Model (TPT), marking a new era in industrial AI [4]. - The UCS product, Nyx, significantly reduces costs, with a 90% reduction in cabinet space, 80% decrease in cabling costs, and a 50% shorter construction period, which is expected to accelerate the replacement cycle among existing DCS customers [4]. - The TPT model aims to address industry challenges such as fragmented data applications, enabling a new software model that supports multiple application scenarios within factories [4]. - The company is also advancing its international strategy through the "CLUSTAR · Star River Plan," inviting global partners to enhance its ecosystem, which includes notable companies like Dell and Wood [5]. Financial Projections - The company’s projected revenues for 2024, 2025, and 2026 are 10.36 billion, 12.98 billion, and 16.66 billion RMB, respectively, with corresponding net profits of 1.25 billion, 1.54 billion, and 1.95 billion RMB [7]. - Earnings per share (EPS) are expected to be 1.58, 1.95, and 2.47 RMB for the years 2024, 2025, and 2026, respectively [5][7]. - The price-to-earnings (P/E) ratios are projected to be 27.1, 22.0, and 17.4 for the same years, indicating a favorable valuation trend [5][7].

Financial Data and Key Metrics Changes - The company has reported a significant increase in revenue, driven by the adoption of advanced automation solutions and AI integration [11][20] - Key financial metrics indicate a strong performance, with a focus on reducing carbon emissions and enhancing operational efficiency [20][39] Business Line Data and Key Metrics Changes - The introduction of the Universal Control System (UCS) has streamlined operations, leading to improved efficiency across various business lines [35][39] - The Nyx system has been highlighted as a transformative product, enhancing automation capabilities and reducing complexity in industrial processes [35][44] Market Data and Key Metrics Changes - The company serves over 30,000 clients globally, indicating a robust market presence and demand for its solutions [16] - The market for Ethernet-APL technology is expanding, with increasing device availability and a focus on digitalization in industrial settings [77][90] Company Strategy and Development Direction - The company is committed to integrating AI into its processes, aiming to unlock significant value for clients in various process industries [11][20] - There is a strategic focus on energy transition and industrial sustainability, positioning the company as a leader in the automation sector [101][102] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of collaboration and innovation to navigate unprecedented challenges in the global market [100][101] - The outlook remains positive, with expectations for continued growth driven by advancements in technology and a commitment to sustainability [101][102] Other Important Information - The company is actively involved in partnerships to enhance its technological capabilities, including projects with PETRONAS in digitalization and automation [105] - The development of the OPA Testbed is crucial for demonstrating the viability of future DCS technologies, emphasizing interoperability and security [107][109] Q&A Session Summary Question: How is the company addressing the challenges of digitalization in industrial settings? - The company is focusing on the adoption of Ethernet-APL technology to simplify processes and reduce costs, with a case study planned for 2024 to evaluate its effectiveness [79][90] Question: What are the expected benefits of the Universal Control System? - The UCS is designed to enhance efficiency and reduce complexity in automation, allowing for better integration of AI and digital technologies [35][44] Question: How does the company plan to maintain its competitive edge? - The company aims to leverage its core competencies in process automation while focusing on energy transition and sustainability as key growth drivers [101][102]

证券代码：688777 证券简称：中控技术 中控技术股份有限公司投资者关系活动记录表 编号：2024-007 特定对象调研 分析师会议 现场参观 投 资 者 关 系 媒体采访 业绩说明会 新闻发布会 活动类别 路演活动 其他（ ） 1、5月 20日 第一场：路演活动 国金证券、交银施罗德基金 共6人 第二场：路演活动 国金证券、中欧基金 共3人 第三场：路演活动 参 与 单 位 名 国金证券、睿远基金 共5人 称 及 人 员 姓 第四场：路演活动 ...

Investment Rating - The report maintains a "Buy" rating for the company [3]. Core Views - The company is set to launch two major new products in June, which are expected to revolutionize traditional DCS technology: the first universal control system UCS and the first AI temporal model TPT [1][2]. - The company achieved a revenue of 8.62 billion yuan in 2023, representing a year-on-year growth of 30.13%, and a net profit of 1.102 billion yuan, up 38.08% year-on-year [2][4]. - The company is focusing on cost control and increasing R&D investment in DCS and AI upgrades, with R&D expenses rising by 31.13% to 908 million yuan in 2023 [2][4]. Financial Performance - Revenue projections for 2024-2026 are adjusted to 10.678 billion, 13.119 billion, and 16.011 billion yuan, respectively, with expected growth rates of 23.9%, 22.9%, and 22.0% [4][5]. - The net profit forecast for the same period is set at 1.232 billion, 1.502 billion, and 1.822 billion yuan, with growth rates of 11.8%, 21.9%, and 21.3% [4][5]. - The company's gross margin for 2023 was 33.19%, with a slight decrease attributed to the higher revenue share from lower-margin S2B business [2][4]. Market Expansion - The company is expanding both domestically and internationally, with significant revenue growth in various sectors: metallurgy (62.87%), energy (34.70%), petrochemicals (29.27%), and chemicals (23.70%) [2]. - The overseas market strategy has seen success, with nearly 1 billion yuan in new overseas contracts signed in 2023, and overseas revenue exceeding 343 million yuan, a year-on-year increase of 37.42% [2].