广东信达律师事务所 股东大会法律意见书 中国 深圳 福田区益田路 6001 号太平金融大厦 11、12 楼 邮政编码：518038 11,12/F, TaiPing Finance Tower,Yitian Road 6001,Futian District, ShenZhen, P. R. China 电话(Tel.)：(0755) 88265288 传真(Fax.)：(0755)88265537 网址(Website)：https://www.sundiallawfirm.com 广东信达律师事务所 关于中国长城科技集团股份有限公司 2024年度第四次临时股东大会的 法律意见书 信达会字[2024]第264号 致：中国长城科技集团股份有限公司（下称"贵公司"） 广东信达律师事务所接受贵公司的委托，指派周蒴婷律师及陈梦馨律师（下 称"本所律师"）参加了贵公司2024年度第四次临时股东大会（下称"本次股东 大会"），并进行了必要的验证工作。现根据《中华人民共和国公司法》（下称 "《公司法》"）、《上市公司股东大会规则》（下称"《股东大会规则》"）、 《深圳证券交易所上市公司股东大会网络投票实施细则》（下称"《 ...

Investment Rating - The investment rating for the company is "Buy - A" with a target price of 10.42 CNY per share [4]. Core Views - The company is experiencing a gradual recovery in performance, with a focus on operational management and market expansion showing positive results. The revenue for the first half of 2024 reached 6.076 billion CNY, a year-on-year increase of 21.23%, while the net profit attributable to shareholders improved by 33.37% to a loss of 422 million CNY [1][2]. - The company is collaborating with Feiteng to develop a domestic computing industry, enhancing its technology and product supply capabilities. Feiteng's revenue for the first half of 2024 was 608 million CNY, reflecting a year-on-year growth of 22.58% [3][7]. Summary by Sections Financial Performance - In the first half of 2024, the company reported a revenue of 6.076 billion CNY, with quarterly growth rates of 21.13% and 21.30% for Q1 and Q2 respectively. The net profit showed improvements of 18.15% and 47.56% in the same quarters, indicating a trend of narrowing losses [2][10]. - The company has applied for a total bank credit limit of approximately 24.45 billion CNY to support its ongoing operations and projects [1]. Market Strategy - The company has established a direct sales system and a comprehensive distribution system to enhance market reach, achieving 100% coverage of domestic counties. It has also expanded its distribution network globally, covering regions such as the US, Europe, and Southeast Asia [2][7]. Collaboration and Product Development - The partnership with Feiteng is aimed at creating high-performance, low-power general-purpose computing microprocessors. The company holds a 28.04% stake in Feiteng, which has shown significant growth in revenue [3][9]. - The company is focusing on developing a complete product line for various applications, including AI PCs and secure computing products, to strengthen its position in the domestic market [7][10]. Valuation - The estimated total market value for the company in 2024 is projected to be 33.6 billion CNY, combining the valuations of its core product business and its stake in Feiteng [10].

Investment Rating - Buy (Maintained) [1] Core Views - The company's performance in H1 2024 showed recovery, with revenue from Feiteng increasing by 23% YoY [1] - The company's H1 2024 revenue reached approximately 6.08 billion yuan, with a net loss of 296 million yuan [2] - The company's H1 2024 operating income was about 6.08 billion yuan, a YoY increase of 21.23%, and the net profit attributable to the parent company improved by 33.37% [3] - The company's gross profit margin in H1 2024 was 17.18%, a YoY decrease of 4.66 percentage points, but the net profit margin improved, indicating effective cost control [4] - The company is expected to benefit from the deep development of the domestic IT industry, with projected revenues of 15.55 billion yuan, 18.79 billion yuan, and 21.65 billion yuan for 2024-2026, and net profits of 102 million yuan, 329 million yuan, and 550 million yuan, respectively [6] Business Segments Computing Industry - Revenue in H1 2024 was 4.70 billion yuan, a YoY increase of 37.04%, with a gross margin of 14.41%, a YoY decrease of 3.04 percentage points [2] - The company has made breakthroughs in financial, insurance, and transportation sectors, and has established partnerships with several well-known foreign brands [2] - The company has a leading position in the domestic AI server power supply market [2] System Equipment - Revenue in H1 2024 was 985 million yuan, a YoY decrease of 18.02%, with a gross margin of 22.33%, a YoY decrease of 7.67 percentage points [2] - Traditional business orders declined due to policy changes, but new business orders in marine informatization and special computing increased significantly [2] Feiteng - Revenue in H1 2024 was 608 million yuan, a YoY increase of 23%, with a net loss of 296 million yuan [2] - Feiteng has developed over 10 high-performance CPUs since 2014, with cumulative applications exceeding 8.5 million units [2] - Feiteng is accelerating the development of intelligent computing processors, aiming to create a "CPU+XPU" combination [2] Financial Performance - H1 2024 operating income was 6.08 billion yuan, a YoY increase of 21.23%, with a net profit attributable to the parent company of -422 million yuan, a YoY improvement of 33.37% [3] - Q2 2024 operating income was 3.41 billion yuan, a YoY increase of 21.30%, with a net profit attributable to the parent company of -172 million yuan, a YoY improvement of 47.56% [3] - The company's sales expense ratio, management expense ratio, and R&D expense ratio in H1 2024 were 3.60%, 7.00%, and 9.05%, respectively, showing significant reductions [4] Market Data - The company's current stock price is 8.04 yuan, with a 52-week price range of 7.25-12.65 yuan [4] - The company's total market capitalization is 25.94 billion yuan, with a circulating market capitalization of 25.30 billion yuan [4] - The company's average daily trading volume in the past month was 129.86 million yuan, with a turnover rate of 0.65% [2] Industry Outlook - The domestic IT industry is entering a deep development phase, with significant growth potential in the domestic server market [6] - Feiteng's ecosystem has over 6,500 partners, supporting more than 4,900 Feiteng platform devices and over 66,000 software adaptations [6] - Feiteng's products, including the S5000C, E2000, and D3000 CPUs, have been selected for the national IT security testing list, indicating strong market potential [6] Financial Projections - The company's revenue is projected to be 15.55 billion yuan, 18.79 billion yuan, and 21.65 billion yuan for 2024-2026, with net profits of 102 million yuan, 329 million yuan, and 550 million yuan, respectively [6] - The company's EPS is projected to be 0.03 yuan, 0.10 yuan, and 0.17 yuan for 2024-2026, with P/E ratios of 255.36, 78.77, and 47.15, respectively [7]

Investment Rating - The report maintains a "Recommended" rating for the company [2][3]. Core Insights - The company reported a total revenue of 6.076 billion yuan for the first half of 2024, representing a year-on-year growth of 21.23%. The net loss attributable to shareholders was 422 million yuan, an improvement from a loss of 633 million yuan in the same period last year [2]. - In Q2 2024, the company achieved a revenue growth rate of 21% year-on-year, with a significant reduction in net loss, indicating a clear recovery trend [2]. - The company is focusing on enhancing its technological capabilities and has launched several products in the domestic computing sector, including AI servers and a new AI PC, which are gaining traction in various government and industry applications [2]. - The investment suggestion highlights the company's role as a key player in China's computing industry, aiming for high-quality development in the context of domestic technology substitution [2]. Financial Performance Summary - For the first half of 2024, the company achieved a total revenue of 6.076 billion yuan, with a year-on-year growth of 21.23%. The net loss attributable to shareholders was 422 million yuan, improving from a loss of 633 million yuan in the previous year [2][3]. - The projected net profits for 2024, 2025, and 2026 are estimated to be 125 million yuan, 201 million yuan, and 348 million yuan respectively, with corresponding PE ratios of 208X, 129X, and 75X [2][3]. - The company’s revenue is expected to grow from 13.42 billion yuan in 2023 to 24.339 billion yuan by 2026, reflecting a compound annual growth rate of approximately 20% [6][7].

证券代码：000066 证券简称：中国长城 公告编号：2024-069 关于召开2024年度第四次临时股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 中国长城科技集团股份有限公司（以下简称"公司"）于 2024 年 9 月 3 日 召开第八届董事会第四次会议，审议通过了《关于提议召开 2024 年度第四次临 时股东大会的议案》，本次会议的召开符合有关法律、行政法规、部门规章、规 范性文件和公司章程的规定。 现将本次会议的有关事项公告如下： 一、召开会议基本情况 （一）股东大会届次：2024 年度第四次临时股东大会 （二）召 集 人：公司第八届董事会 （三）会议召开的合法、合规性：本次股东大会会议的召开符合《公司法》 和《公司章程》的有关规定。 （四）会议时间： 中国长城科技集团股份有限公司 现场会议召开的时间：2024 年 9 月 20 日下午 14:30 网络投票的时间：2024 年 9 月 20 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 2024 年 9 月 20 日交易时间即 9:15-9:25，9:30-11:30 ...

证券代码：000066 证券简称：中国长城 公告编号：2024-067 中国长城科技集团股份有限公司 第八届董事会第四次会议决议公告 中国长城科技集团股份有限公司（以下简称"公司"）第八届董事会第四次 会议通知于 2024 年 8 月 30 日以电子邮件方式发出，会议于 2024 年 9 月 3 日 以邮件/专人送达方式召开，应参加会议董事八名，实际参加会议董事八名，符 合《公司法》和《公司章程》的有关规定。会议审议通过了《关于中电信创控股 （深圳）合伙企业（有限合伙）减资暨关联交易的议案》。 特此公告 公司分别于 2022 年 4 月 5 日、2022 年 4 月 22 日召开第七届董事会第八十 一次会议和 2022 年第一次临时股东大会审议通过《关于参与投资设立中国电子 信创产业有限合伙企业暨关联交易的议案》，同意公司出资人民币 8 亿元，与相 关关联方共同设立中电信创控股（深圳）合伙企业（有限合伙）（以下简称"信 创共同体"）。截至目前，各合伙人对信创共同体认缴金额 48 亿元，实缴金额 24.005 亿元，其中中国教育电子有限责任公司（以下简称"中教电子"）100% 实缴出资 100 万元，其他合伙人 ...

本报告依据中国资产评估准则编制 长沙湘计海盾科技有限公司拟股权转让涉及的 湖南长城银河科技有限公司股东全部权益价值 资产评估报告 中同华评报字（2024）第 061282 号 共壹册 第壹册 北京中向华资产评描有限公司 China Alliance Appraisal Co.,Ltd. 日期: 2024 年 8 月 14 日 地址:北京市丰台区丽泽路 16 号院北京汇亚大厦 28 层 邮编： 100073 20028139 中国资产评估协会 资产评估业务报告备案回执 | 报告编码: | 1111020005202401625 | | --- | --- | | 合同编号: | 中同华会同字(2024) 1258号 | | 报告类型: | 法定评估业务资产评估报告 | | 报告文号: | 中同华评报字(2024) 第061282号 | | 报告名称: | 长沙湘计海盾科技有限公司拟股权转让涉及的湖南 | | | 长城银河科技有限公司股东全部权益价值 | | 评估结论: | 1.590.800.000.00元 | | 评估报告日: | 2024年08月14日 | | 评估机构名称: | 北京中同华资产评估有限公司 ...

湖南长城银河科技有限公司 审 计 报 告 大信审字[2024]第 1-03838 号 大信会计师事务所(特殊普通合伙) WUYIGE CERTIFIED PUBLIC ACCOUNTANTS LLP. 您可使用手机"扫一扫"或进入"选册会计师行业统一监管平台（http://acc.mof.gov.com/ 1111从伽i 100083 Beijing,China,100083 C一千a人亿会计帅·J1务所 WUYIGE Certifie d Public Accountants.LLP 屯沾Telephone: +86 c 10 J 82330558 llt1J矶IX人1山路1',� Room 2206 22/F,Xueyuan International Towe「 化ll- Fax: 沌6 < 10 J 82327668 I七力;( n一、,,, I 订':I机I,11外人以22从2206 No.1 Zhichun Road.Ha昢an Dist 网J-1/: Internet, www.dax1ncpa.com.cn 审计报告 大估审宁[2024] 1-03838号 湖南长城银河科技有限公司： 一、 审 ...

编制单位：中国长城科技集团股份有限公司 单位：人民币 万元 上市公司 2024 年 1-6 月非经营性资金占用及其他关联资金往来情况汇总表 - 3 - | 非经营 | | 占用方与上市公司的关联 | 上市公司 | 2024 年期初 | 2024 年 1-6 月占用 | 2024 | 年 1-6月 | 2024 年 1-6月 | 2024 年 6 月 | 占用形成 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 性资金 | 资金占用方名称 | 关系 | 核算的会计科目 | 占用资金余 | 累计发生金额（不 | | 占用资金的 | 偿还累计发 | 30 日末占用 | 原因 | 占用性质 | | 占用 | | | | 额 | 含利息） | | 利息 | 生金额 | 资金余额 | | | | | 熊猫科技（北京）有限公司 | 受同一最终控制方控制 | 应收账款 | | 204.09 | | | 202.09 | 2.00 | 货款 | 经营性占用 | | | 中电凯杰科技有限公司 | 受同一最终控制方控制 ...