关于神州数码集团股份有限公司 2024 年年度股东大会的 法律意见书 （2025）泰律意字（神州数码）第 03 号 2025 年 4 月 22 日 中国 • 成都市天府新区正兴街道隆和西巷 299 号 泰和泰中心 24—33F 24-33f, Tahota Center, No. 299 Longhe West Lane, Zhengxing Street Tianfu New Area, Chengdu, People's Republic of China 中国•成都市高新区天府大道中段 199 号 电话 | TEL：86-28-8662 5656 www.tahota.com 法律意见书 关于神州数码集团股份有限公司 2024年年度股东大会的法律意见书 致：神州数码集团股份有限公司 泰和泰律师事务所（以下简称"本所"）接受神州数码集团股份有限公司（以 下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简称《公司法》）、 《中华人民共和国证券法》（以下简称《证券法》）、《上市公司股东会规则》 （以下简称《股东会规则》）等有关法律、法规、规范性文件以及《神州数码集 团股份有限公司章程》（以下简称《公 ...

证券代码：000034 证券简称：神州数码 公告编号：2025-083 神州数码集团股份有限公司 关于为子公司担保的进展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 神州数码集团股份有限公司（以下简称"公司"）2024 年 3 月 27 日召开的 第十届董事会第四十次会议、2024 年 4 月 22 日召开的 2023 年年度股东大会审 议通过了《关于预计担保额度的议案》，同意公司和控股子公司向业务相关方（包 括但不限于银行、金融机构及供应商等）申请授信或其他履约义务，同意为下属 控股子公司提供担保或控股子公司之间提供担保。其中，为资产负债率低于 70% 的控股子公司提供担保的额度不超过人民币 55 亿元，为资产负债率 70%以上的 控股子公司提供担保的额度不超过人民币 595 亿元，预计提供担保总额不超过等 额 650 亿元人民币，担保方式为保证担保、抵押担保、质押担保等，且任一时点 的担保余额不超过股东大会审议通过的额度。同时，在此担保额度范围内，公司 合并报表范围内控股子公司之间提供的担保，按照控股子公司的审议程序决定， 控股子公司在其履行审议程序 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock performance that will exceed the market index by more than 15% over the next six months [7]. Core Insights - In 2024, the company achieved a revenue of 128.17 billion yuan, representing a year-on-year growth of 7.14%. However, the net profit attributable to shareholders decreased by 35.77% to 7.53 billion yuan. After excluding the negative impact from the Shenzhen Digital International Innovation Center (IIC), the net profit was 13.05 billion yuan, showing positive growth [2][4]. - The company's IT distribution and value-added services generated a revenue of 1244.51 billion yuan, up 6.84% year-on-year. The proprietary brand products business saw a revenue increase of 20.25% to 45.81 billion yuan, while the cloud services and software business grew by 18.75% to 29.65 billion yuan [4][5]. - The company has made significant strides in its AI-driven cloud services, particularly in the automotive sector, signing contracts with 18 strategic automotive enterprises in 2024. Additionally, the company has expanded its partnerships with major cloud service providers and launched an AI-native empowerment platform [4][5]. Summary by Sections Financial Performance - In 2024, the company reported total revenue of 1281.66 billion yuan, a 7.14% increase year-on-year. The net profit attributable to shareholders was 7.53 billion yuan, down 35.77%, while the net profit after excluding the IIC impact was 13.05 billion yuan, maintaining positive growth [2][4]. - The gross profit margin for 2024 was 4.21%, an increase of 0.22 percentage points year-on-year, while the net profit margin was 0.61%, a decrease of 0.4 percentage points [4]. Business Segments - The IT distribution and value-added services segment generated 1244.51 billion yuan in revenue, a 6.84% increase year-on-year. The proprietary brand products segment achieved 45.81 billion yuan, up 20.25%, and the cloud services and software segment reached 29.65 billion yuan, growing 18.75% [4][5]. Future Outlook - The company is expected to benefit from its deep integration with the Huawei supply chain, particularly in the context of the emerging trends in AI and computing power. The projected earnings per share (EPS) for 2025 and 2026 are 1.76 yuan and 2.32 yuan, respectively, with corresponding price-to-earnings (PE) ratios of 21 and 16 [4][5].

关于为子公司担保的进展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 神州数码集团股份有限公司（以下简称"公司"）2024 年 3 月 27 日召开的 第十届董事会第四十次会议、2024 年 4 月 22 日召开的 2023 年年度股东大会审 议通过了《关于预计担保额度的议案》，同意公司和控股子公司向业务相关方（包 括但不限于银行、金融机构及供应商等）申请授信或其他履约义务，同意为下属 控股子公司提供担保或控股子公司之间提供担保。其中，为资产负债率低于 70% 的控股子公司提供担保的额度不超过人民币 55 亿元，为资产负债率 70%以上的 控股子公司提供担保的额度不超过人民币 595 亿元，预计提供担保总额不超过等 额 650 亿元人民币，担保方式为保证担保、抵押担保、质押担保等，且任一时点 的担保余额不超过股东大会审议通过的额度。同时，在此担保额度范围内，公司 合并报表范围内控股子公司之间提供的担保，按照控股子公司的审议程序决定， 控股子公司在其履行审议程序后，及时通知公司履行有关信息披露义务。有关上 述事项的具体内容详见公司登载于《证券时报》、《上海证 ...

Core Points - The Shanghai Composite Index opened high and the CSI All Retail Index reported at 2456.24 points [1] Group 1: Index Performance - The CSI All Retail Index has decreased by 1.82% over the past month, increased by 7.68% over the past three months, and has declined by 4.78% year-to-date [2] - The index is designed to reflect the overall performance of different industry companies within the CSI All Index, categorized into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries [2] Group 2: Index Composition - The top ten weights in the CSI All Retail Index are: Yonghui Supermarket (10.98%), China Duty Free Group (9.78%), Digital China (8.64%), Wangfujing (5.27%), Kidswant (4.25%), Aishide (3.57%), Bailian Group (3.23%), Nanjing E-commerce (3.07%), Chongqing Department Store (3.03%), and Tianyin Holdings (2.81%) [2] - The market share of the CSI All Retail Index is composed of 50.64% from the Shenzhen Stock Exchange and 49.36% from the Shanghai Stock Exchange [2] Group 3: Industry Breakdown - The composition of the CSI All Retail Index by industry shows that general retail accounts for 49.17%, specialty retail for 26.73%, internet retail for 14.31%, and travel retail for 9.78% [2] Group 4: Sample Adjustment - The index samples are adjusted biannually, with adjustments implemented on the next trading day following the second Friday of June and December [3] - Weight factors are generally fixed until the next scheduled adjustment, with temporary adjustments made in response to changes in the CSI All Index samples [3]

Group 1 - The core viewpoint of the article highlights that Digital China Group achieved a revenue of 128.166 billion yuan in 2024, marking a year-on-year growth of 7.14%, the highest in five years [1] - The company reported a net asset scale reaching over 10 billion yuan, with a debt-to-asset ratio at a five-year low, indicating steady improvement in overall operational performance [1] Group 2 - In 2024, Digital China invested approximately 410 million yuan in research and development, with a compound annual growth rate of 22% over five years [3] - The company is focusing on enhancing the performance of core products such as artificial intelligence applications and servers, with the launch of the AI-native empowerment platform "Shenzhou Wenxue" [3] - "Shenzhou Wenxue" integrates four capabilities: computing power support, model training, data governance, and scenario application, enabling faster alignment of business needs with large model technology [3] Group 3 - The company has established partnerships with over 100 leading enterprises across various sectors, including retail, finance, and automotive, to accelerate the implementation and value release of artificial intelligence technology [3] - Digital China aims to achieve "AI for Process" by focusing on intelligent transformation of business processes, using "Shenzhou Wenxue" as a core bridge to connect the entire AI business chain [3] Group 4 - "Shenzhou Wenxue" has launched agile, platform, and local deployment versions, and is integrated with the Shenzhou Kuntai server to provide a comprehensive product matrix for enterprise AI applications [4] - The product supports various mainstream large models, including DeepSeek, to deliver full-stack AI services [4]

Investment Rating - The report maintains a "Recommended" rating for the computer industry [1]. Core Viewpoints - The "reciprocal tariff" policy is expected to further impact the global industrial landscape, accelerating China's technological self-reliance and self-control process, with positive prospects for the development of domestic software and hardware markets [7][9]. - The implementation of "reciprocal tariffs" by the U.S. is leading to increased tariffs on Chinese imports, which may result in a shift towards domestic alternatives in software and hardware sectors [24]. Summary by Sections Tariff Impact Overview - The U.S. has enacted "reciprocal tariffs," which may accelerate China's self-reliance process in technology [13]. - The tariffs imposed by the U.S. include a 34% increase on all imports from the U.S. to China, which is expected to raise the costs of imported software and hardware products, thus promoting a shift towards domestic alternatives [24]. Software Impact - The trend towards model autonomy remains unchanged, with significant potential for self-replacement in foundational and industrial software [7]. - China's large model industry is rapidly catching up, with domestic models like DeepSeek and Qwen continuously improving their capabilities [7]. Hardware Impact - The domestic chip industry is expected to accelerate, with significant growth potential in domestic computing power [8]. - In 2024, NVIDIA and Intel's revenues in China were $17.1 billion and $15.5 billion respectively, while domestic CPU and GPU manufacturers are increasingly competitive [8]. Investment Recommendations - The report suggests that the "reciprocal tariff" policy will influence the global industrial structure and accelerate China's technological self-reliance, maintaining a "Recommended" rating for the computer industry [9]. Related Targets - Key software companies include China Software, Taiji, and DaMeng Data, while hardware targets include Haiguang Information, Inspur, and Huawei [10][11].

东方金诚国际信用评估有限公司关于对神州数码集团股份有限公 司主体及"神码转债"终止评级的公告1 东方金诚公告【2025】0151 号 2025 年 4 月 10 日 1 特别声明： 本公告的著作权等相关知识产权均归东方金诚所有。除委托评级合同约定外，委托方、受评对象等任何使用者未经东方金诚书面授权，不 得用于发行债务融资工具等证券业务活动或其他用途。 本公告仅为受评对象信用状况的第三方参考意见，并非是对某种决策的结论或建议。东方金诚不对发行人使用/引用本公告产生的任何后果 承担责任，也不对任何投资者的投资行为和投资损失承担责任。 邮箱：dfjc@coamc.com.cn 电话：010-62299800 传真：010-62299803 地址：北京市丰台区丽泽金融商务区平安幸福中心 A 座 45、46、47 层 100071 官网：http://www.dfratings.com 东方金诚国际信用评估有限公司（以下简称"东方金诚"）受托对神州数码集团股份有限公司（以 下简称"神州数码"或"公司"）及其发行的神州数码集团股份有限公司 2023 年可转换公司债券（以 下简称"神码转债"）进行了信用评级。2024 年 ...

证券代码：000034 证券简称：神州数码 公告编号：2025-081 神州数码集团股份有限公司 公司近期就星展银行（中国）有限公司深圳分行与子公司神州数码（深圳） 有限公司的授信业务签署了《最高额保证合同》，担保金额人民币 1 亿元，提供 连带责任保证担保，保证期间为债务履行期限届满之日起三年。 公司近期就上海浦东发展银行股份有限公司深圳分行与子公司神州数码（深 圳）有限公司的授信业务签署了《最高额保证合同》，担保金额人民币 4 亿元， 提供连带责任保证担保，保证期间为债务履行期限届满之日起三年。 公司近期就中国民生银行股份有限公司深圳分行与子公司神州鲲泰（厦门） 信息技术有限公司的授信业务签署了《最高额保证合同》，担保金额人民币 5 亿 元，提供连带责任保证担保，保证期间为债务履行期限届满之日起三年。 公司近期就交通银行股份有限公司北京海淀支行与子公司神州数码（中国） 有限公司、北京神州数码有限公司的授信业务签署了《保证合同》，担保金额人 民币 2.5 亿元，提供连带责任保证担保，保证期间为债务履行期限届满之日起三 年。 二、被担保人基本情况 1、被担保人的基本情况 关于为子公司担保的进展公告 本公司及董 ...

培训情况报告 华泰联合证券有限责任公司 关于神州数码集团股份有限公司 2024 年度培训情况报告 深圳证券交易所： 华泰联合证券有限责任公司(以下简称"华泰联合")作为神州数码集团股份 有限公司(以下简称"神州数码"、"公司"或"发行人")向不特定对象发行可转 换公司债券的保荐机构，根据《深圳证券交易所股票上市规则》等法规和规则的 相关规定以及神州数码的实际情况，认真履行保荐人应尽的职责，对神州数码的 董事、监事、高级管理人员、中层以上管理人员及公司控股股东和实际控制人等 相关人员进行了有计划、多层次的后续培训，所培训的内容严格按照中国证券监 督管理委员会及深圳证券交易所有关持续督导的最新要求进行。 2025 年 3 月 27 日，华泰联合证券相关人员按照相关规定及要求完成了对神 州数码董事、监事、高级管理人员、中层以上管理人员及公司控股股东和实际控 制人等相关人员的持续培训工作，特向贵所报送培训工作报告。 一、培训的主要内容 1 培训情况报告 董事、监事、高级管理人员、中层以上管理人员及公司控股股东和实际控制人等 相关人员。 根据公司非财务报告内部控制缺陷的认定标准，报告期内未发现公司非财务 报告内部控制重 ...