Financial Performance - The company's operating revenue for Q1 2025 reached ¥3,364,638,220.1, representing a 7.62% increase compared to ¥3,126,379,017.6 in the same period last year[5] - Net profit attributable to shareholders was ¥178,929,169.49, a significant increase of 46.91% from ¥121,793,821.59 year-on-year[5] - Basic earnings per share rose to ¥0.1147, reflecting a 47.05% increase from ¥0.0780 in the same quarter last year[5] - The net profit for the current period is CNY 227,903,984.66, representing an increase of 31.4% compared to CNY 173,550,111.89 in the previous period[22] - The total comprehensive income for the current period is CNY 202,372,332.16, significantly higher than CNY 61,108,086.66 in the previous period[22] - Operating profit for the current period is CNY 280,458,647.79, up from CNY 218,118,470.52, indicating a growth of 28.6%[22] Cash Flow and Liquidity - The net cash flow from operating activities improved by 47.83%, amounting to ¥668,618,332.05 compared to ¥452,284,899.16 in the previous year[5] - Cash and cash equivalents grew by 31.99% compared to the end of the previous year, primarily due to increased net cash flow from financing activities[9] - Cash and cash equivalents at the end of the period were ¥9,664,346,620.95, up 32.0% from ¥7,321,946,745.09 at the beginning of the period[18] - The company reported a net cash inflow from financing activities of CNY 2,016,453,586.61, compared to CNY 609,829,545.65 in the previous period, indicating a substantial increase[25] - The cash outflow from investing activities was CNY 380,090,320.27, slightly lower than CNY 417,577,120.37 in the previous period, indicating improved cash management[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥29,032,663,205, an 8.44% increase from ¥26,773,186,448 at the end of the previous year[5] - The company's total liabilities rose to ¥13,982,338,058.22, up from ¥12,915,181,972.05, indicating an increase of 8.3%[19] - The company's equity attributable to shareholders increased by 2.34% to ¥12,154,361,243 from ¥11,876,799,194 at the end of the last year[5] - The company's total deposits with China Electronics Financial Company reached RMB 67.32 million at the end of the reporting period[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 191,451[12] - The largest shareholder, China Electronics Limited, holds 34.51% of shares, totaling 538,558,777 shares[12] - The top ten shareholders do not have any associated relationships or act in concert with each other[13] - The company’s total number of preferred shareholders is zero[12] Credit Facilities and Financing - The company obtained a comprehensive credit facility of RMB 3 billion from Agricultural Bank of China, valid from January 21, 2025, to January 23, 2026[14] - A comprehensive credit facility of RMB 5.7 billion was secured from China Construction Bank, with a one-year term starting from February 6, 2025[14] - The company received a credit facility of RMB 20 billion from Agricultural Bank of China on March 3, 2025, valid until January 23, 2026[15] - The company’s subsidiary, Deep Technology Chengdu, received a credit facility of RMB 7 billion from China Construction Bank on March 14, 2025, with a one-year term[15] - The company has a loan balance of RMB 380 million with China Electronics Financial Company, with an interest rate range of 2.2%-3.2%[16] Operating Costs and Expenses - Total operating costs amounted to ¥3,029,990,314.10, up from ¥2,931,901,892.21, reflecting a rise of 3.7%[21] - Research and development expenses for the current period were ¥99,874,815.31, compared to ¥88,784,638.00 in the previous period, reflecting an increase of 12.4%[21] - The company’s financial expenses saw a year-on-year increase of ¥1.41 billion, mainly due to higher derivative settlement income[9] Investment Income - The investment income for the current period was ¥13,961,972.27, a significant recovery from a loss of ¥3,034,773.02 in the previous period[21] - The total revenue from sales of goods and services was CNY 3,864,074,301.19, up from CNY 3,741,292,313.46, showing a growth of 3.3%[24]

Core Viewpoint - The 11th World Radar Expo will be held from May 17 to 19, 2025, in Hefei, showcasing innovations in radar technology and related fields [1][2]. Group 1: Event Overview - The expo will feature radar technologies such as anti-stealth radar and high-precision perception systems, along with key components and materials [1]. - The event is organized by the Equipment Development Department of the Military Commission, China Electronics Technology Group Corporation, China Electronics Information Industry Group, and the China Radar Industry Association [1]. - The theme of the expo is "Sharing Innovative Achievements to Inject Vitality into New Productive Forces" [1]. Group 2: Exhibition Details - The expo will include four major exhibition areas: Smart Electronic Equipment and Industry Chain, Industry Application, New Generation Information Technology, and Outdoor Installation [1]. - The total exhibition area will exceed 50,000 square meters, showcasing cutting-edge radar equipment and solutions [1]. Group 3: Academic and Cultural Activities - The event will host discussions with nearly 20 academicians and international experts on topics such as radar technology trends, innovation, international cooperation, and emerging industries [1][2]. - A special "Belt and Road" digital defense exchange area will be established for investment and signing activities to enhance cooperation with Belt and Road countries [2]. - A "Radar Culture and Science Popularization" exhibition will be designed to showcase radar knowledge and history [2]. Group 4: Awards and Recognition - The expo will also feature the selection of the "2024 Annual China Radar Industry Association Science and Technology Award" and the "2025 World Radar Expo Gold Award" [2]. - The World Radar Expo has been held biennially since 2001, becoming a comprehensive platform for technology foresight, industry promotion, and scientific innovation [2].

Core Insights - Deep Technology (深科技) reported a revenue of 14.827 billion yuan for 2024, representing a year-on-year growth of 3.94% [1] - The company achieved a net profit attributable to shareholders of 930 million yuan, up 44.33% year-on-year, and a net profit of 901 million yuan after deducting non-recurring items, an increase of 33.77% [1] - The company plans to distribute a cash dividend of 1.9 yuan per 10 shares, totaling 297 million yuan [1] - Operating cash flow reached 2.428 billion yuan, growing by 21.28% year-on-year, with a weighted average ROE of 8.14%, up 2.08 percentage points [1] Business Strategy and Development - Deep Technology focuses on enhancing overall productivity as a key driver for cultivating new productive forces, shortening R&D cycles, and exploring AI applications across business segments [2] - The company has made significant advancements in semiconductor packaging and testing, establishing an advanced packaging R&D center and collaborating with universities and industry leaders [3] - The company’s Shenzhen base received a Level 3 certification for intelligent manufacturing maturity, while the Hefei base was recognized as a digital workshop in Anhui Province [3] Market Performance - The HDD terminal market demand has rebounded, leading to a significant increase in sales volume for the company's substrate and hard disk head businesses compared to the previous year [4] High-end Manufacturing Focus - In high-end manufacturing, the company is concentrating on smart supply chains, digital operations, and intelligent manufacturing to drive digital transformation [5] - The company has expanded its client base in wearable health medical devices, with related manufacturing now in mass production [5] - The automotive electronics manufacturing business has shown reliability improvements and higher delivery standards amid intense competition in the domestic new energy vehicle sector [5] Smart Metering Business - The smart metering business has made notable progress in both domestic and international markets, winning projects in Poland, Hungary, the Netherlands, Spain, and Oman [6] - In the domestic market, the company secured a contract worth 320 million yuan from the State Grid Corporation for metering equipment, marking three consecutive years of successful bids for State Grid projects [6]

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 20.89 CNY per share, maintaining the rating [6][10]. Core Views - The company achieved a revenue of 14.827 billion CNY in 2024, a year-on-year increase of 3.94%, and a net profit attributable to shareholders of 930 million CNY, up 44.33% year-on-year [1]. - The overall gross margin for 2024 was 16.98%, an increase of 0.33 percentage points year-on-year, with specific product margins showing improvements [2]. - The storage semiconductor business saw significant growth, with a revenue of 3.522 billion CNY, a year-on-year increase of 37.62%, contributing 23.75% to total revenue [3]. - The high-end manufacturing segment reported a revenue of 8.292 billion CNY, a decrease of 9.09% year-on-year, accounting for 55.92% of total revenue [4]. - The intelligent metering terminal segment generated a revenue of 2.935 billion CNY, a year-on-year increase of 15.35%, representing 19.80% of total revenue [4]. Summary by Sections Financial Performance - In Q4 2024, the company reported a revenue of 3.975 billion CNY, a year-on-year increase of 20.72%, and a net profit of 269 million CNY, up 35.79% year-on-year [1]. - The net profit margin improved to 7.33%, an increase of 1.56 percentage points year-on-year [2]. Business Segments - **Storage Semiconductors**: Revenue reached 3.522 billion CNY, with significant technological advancements leading to mass production capabilities [3]. - **High-end Manufacturing**: Revenue was 8.292 billion CNY, focusing on digital transformation initiatives [4]. - **Intelligent Metering Terminals**: Revenue of 2.935 billion CNY, with successful international project bids [4]. Future Projections - Revenue projections for 2025, 2026, and 2027 are 16.31 billion CNY, 17.615 billion CNY, and 19.024 billion CNY respectively, with net profits expected to be 1.254 billion CNY, 1.444 billion CNY, and 1.731 billion CNY [10][11].

证券代码：000021 证券简称：深科技 公告编码：2025-014 深圳长城开发科技股份有限公司 关于召开第三十三次（2024 年度）股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误导性陈 述或重大遗漏。 一、召开会议基本情况 1、 股东大会届次：第三十三次（2024 年度）股东大会 2、 股东大会召集人：公司第十届董事会 公司第十届董事会第八次会议于 2025 年 4 月 23 日以现场结合通讯方式召开，会 议审议通过了《关于提议召开第三十三次（2024 年度）股东大会的议案》。 3、 会议召开的合法、合规性：本次股东大会会议召开符合有关法律法规、深圳 证券交易所业务规则和《深圳长城开发科技股份有限公司公司章程》等有关规定。 4、 会议召开的日期、时间： 现场会议召开时间：2025 年 5 月 21 日 14:30 网络投票起止时间：2025 年 5 月 21 日 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 5 月 21 日 9:15～9:25、9:30～11:30，13:00～15:00；通过深圳证券交易所互联网投票系统投 票的具体时 ...

本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误导性陈 述或重大遗漏。 证券代码：000021 证券简称：深科技 公告编码：2025-014 深圳长城开发科技股份有限公司 关于召开第三十三次（2024 年度）股东大会的通知 一、召开会议基本情况 1、 股东大会届次：第三十三次（2024 年度）股东大会 2、 股东大会召集人：公司第十届董事会 公司第十届董事会第八次会议于 2025 年 4 月 23 日以现场结合通讯方式召开，会 议审议通过了《关于提议召开第三十三次（2024 年度）股东大会的议案》。 3、 会议召开的合法、合规性：本次股东大会会议召开符合有关法律法规、深圳 证券交易所业务规则和《深圳长城开发科技股份有限公司公司章程》等有关规定。 4、 会议召开的日期、时间： 现场会议召开时间：2025 年 5 月 21 日 14:30 网络投票起止时间：2025 年 5 月 21 日 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 5 月 21 日 9:15～9:25、9:30～11:30，13:00～15:00；通过深圳证券交易所互联网投票系统投 票的具体时 ...

深圳长城开发科技股份有限公司第十届监事会第七次会议于2025年4月23 日在公司会议室召开，会议应到监事 3 人，实到监事 3 人。本次会议的召开符合 《中华人民共和国公司法》和《公司章程》的有关规定，会议由监事会主席肖涧 毅女士主持，逐项审议并通过如下事项： 1、 2024 年度监事会工作报告 此议案需提请第三十三次（2024 年度）股东大会审议。 审议结果：同意 3 票，反对 0 票，弃权 0 票，表决通过。 2、 2024 年年度报告及摘要审核意见 公司监事会经审核后认为：公司董事会编制和审议深圳长城开发科技股份有 限公司2024年年度报告的程序符合法律、行政法规及中国证监会的规定，报告 内容真实、准确、完整地反映了上市公司的实际情况，不存在任何虚假记载、误 导性陈述或者重大遗漏。 证券代码：000021 证券简称：深科技 公告编码：2025-008 深圳长城开发科技股份有限公司 第十届监事会第七次会议决议公告 本公司及监事会全体成员保证信息披露的真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 审议结果：同意 3 票，反对 0 票，弃权 0 票，表决通过。 3、 关于公司 2024 年度内部 ...

证券代码：000021 证券简称：深科技 公告编码：2025-007 深圳长城开发科技股份有限公司 第十届董事会第八次会议决议公告 深圳长城开发科技股份有限公司第十届董事会第八次会议于 2025 年 4 月 23 日在公司会议室召开，本次会议采取现场和通讯（视频）会议相结合的方式召开， 会议应出席董事 9 人，实际出席董事 9 人。公司监事、高级管理人员列席了会议。 本次会议的召开符合《中华人民共和国公司法》和《公司章程》的有关规定。会 议由韩宗远董事长主持，以逐项审议、集中表决、记名投票的方式通过如下决议： 一、审议通过了《2024 年度经营报告》； 审议结果：同意 9 票，反对 0 票，弃权 0 票，表决通过。 二、审议通过了《2024 年度董事会工作报告》； 详见 2024 年年度报告之经营情况讨论与分析及公司治理章节中董事履职情 况和董事会专门委员会履职情况的相关内容。 公司独立董事白俊江、周俊祥、游海龙向公司董事会提交了《独立董事关于 独立性自查情况的报告》，公司董事会对此进行评估并出具了《关于独立董事独 立性自查情况的专项报告》。报告内容详见公司同日在巨潮资讯网 （www.cninfo.com.c ...

证券代码：000021 证券简称：深科技 公告编码：2025-009 深圳长城开发科技股份有限公司 关于 2024 年度利润分配预案的公告 本公司及董事会全体成员保证信息披露的真实、准确和完整，没有虚假记载、误导性 陈述或重大遗漏。 深圳长城开发科技股份有限公司（以下简称"公司"）第十届董事会第八次 会议于 2025 年 4 月 23 日在公司会议室召开，会议审议通过了《2024 年度利润 分配预案》，本预案尚需提请公司第三十三次（2024 年度）股东大会审议，现 将有关事宜公告如下： 一、 2024 年度利润分配预案的基本情况 公司利润分配及分红派息基于母公司可供分配利润，经大信会计师事务所 （特殊普通合伙）审计，2024 年度公司母公司净利润 1,927,277,673.91 元。根 据《中华人民共和国公司法》《公司章程》的有关规定，公司 2024 年度不提取 法定盈余公积金，公司 2024 年度实现的可分配利润 1,927,277,673.91 元，加上 年初未分配利润 1,132,075,273.47 元，减去 2023 年度分配给股东的现金股利 202,876,386.44 元，加上其他综合收益结转 ...

深圳长城开发科技股份有限公司 内控审计报告 电话 Telephone：+86（10）82330558 传真 Fax： +86（10）82327668 网址 Internet： www.daxincpa.com.cn 大信审字[2025]第 14-00067 号 内部控制审计报告 大信会计师事务所（特殊普通合伙） WUYIGE CERTIFIED PUBLIC ACCOUNTANTS LLP. 大信会计师事务所 北京市海淀区知春路 1 号 学院国际大厦 22 层 2206 邮编 100083 WUYIGE Certified Public Accountants.LLP Room 2206 22/F, Xueyuan International Tower No.1 Zhichun Road, Haidian Dist. Beijing,China,100083 大信审字[2025]第 14-00067 号 深圳长城开发科技股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审计了深 圳长城开发科技股份有限公司（以下简称深科技公司）2024 年 12 月 31 日的财务报 ...