Financial Performance - The company's revenue for Q1 2025 was ¥6,256,129,778.73, representing a 1.22% increase compared to ¥6,180,916,716.70 in the same period last year[5]. - Net profit attributable to shareholders increased by 16.45% to ¥653,304,288.99 from ¥561,037,985.01 year-on-year[5]. - Basic and diluted earnings per share rose by 17.65% to ¥0.20 from ¥0.17 in the same period last year[5]. - Net profit for the current period was ¥706,851,986.58, compared to ¥586,237,198.91 in the previous period, reflecting a significant increase of approximately 20.50%[21]. - Earnings per share (EPS) for the current period was ¥0.20, up from ¥0.17 in the previous period, marking a growth of approximately 17.65%[22]. Cash Flow - The net cash flow from operating activities improved by 48.59%, reaching -¥671,695,394.62, compared to -¥1,306,666,360.66 in the previous year[5]. - Operating cash inflow for the current period was CNY 8,785,829,716.54, an increase of 4.4% from CNY 8,412,714,404.83 in the previous period[23]. - Net cash flow from operating activities was -CNY 671,695,394.62, an improvement from -CNY 1,306,666,360.66 in the previous period[23]. - Cash inflow from financing activities was CNY 354,297,469.26, down from CNY 606,240,500.00 in the previous period[24]. - Net cash flow from financing activities was -CNY 582,452,438.26, slightly better than -CNY 627,734,768.31 in the previous period[24]. Assets and Liabilities - Total assets decreased by 4.24% to ¥50,497,850,338.83 from ¥52,735,912,081.82 at the end of the previous year[5]. - Total liabilities decreased to ¥12,546,386,856.60 from ¥15,561,703,251.21, representing a reduction of approximately 19.50%[18]. - The total current assets decreased from RMB 37.25 billion to RMB 34.07 billion, a reduction of about 8.8%[16]. - Accounts receivable decreased from RMB 17.05 billion to RMB 15.72 billion, reflecting a decline of approximately 7.8%[16]. - Long-term receivables decreased from RMB 744.41 million to RMB 690.97 million, a decline of approximately 7.2%[16]. Investments and Shareholder Information - The company sold its 32.7321% stake in Hangzhou Huacheng Network Technology Co., Ltd. for RMB 716.83 million, resulting in the exclusion of Huacheng Network from the consolidated financial statements[13]. - The number of ordinary shareholders at the end of the reporting period was 203,116, with the largest shareholder holding 31.04%[10]. - The company reported non-recurring gains of ¥149,795,320.90, with significant contributions from government subsidies and investment management gains[6]. - The company has not disclosed any significant changes in the participation of major shareholders in margin financing and securities lending activities[12]. Operating Performance - The company’s operating income showed resilience despite a challenging market environment, indicating effective management strategies[5]. - Total operating revenue for the current period reached ¥6,256,129,778.73, an increase from ¥6,180,916,716.70 in the previous period, representing a growth of approximately 1.22%[20]. - Total operating costs amounted to ¥5,872,689,700.23, slightly up from ¥5,849,133,041.74, indicating a marginal increase of about 0.40%[20]. Research and Development - Research and development expenses increased to ¥969,577,439.22 from ¥929,481,413.25, showing a rise of about 4.31%[20]. Cash and Equivalents - As of March 31, 2025, the company's cash and cash equivalents decreased to RMB 9.68 billion from RMB 11.18 billion at the beginning of the period, representing a decline of approximately 13.4%[16]. - The ending cash and cash equivalents balance was CNY 9,499,826,223.41, down from CNY 14,121,075,119.04 in the previous period[24].

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 浙江大华技术股份有限公司（以下简称"公司"） 于 2025 年 4 月 8 日召开 的第八届董事会第十二次会议审议通过了《关于回购公司股份方案的议案》， 具体内容详见公司于 2025 年 4 月 9 日在巨潮资讯网（www.cninfo.com.cn）披 露的《关于回购公司股份方案的公告》。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号—回购股份》等相关规定，现将公司 2024 年度股东大会股权登记日（即 2025 年 4 月 14 日）登记在册的前十名股东和前十名无限售条件股东的名称、持股数 量和持股比例情况公告如下： 证券代码：002236 证券简称：大华股份 公告编号：2025-038 浙江大华技术股份有限公司 关于回购股份事项前十名股东和前十名无限售条件股东 持股情况的公告 二、前十名无限售条件股东持股情况 | 序 | 股东名称 | 持股数量 | 占无限售条件股 | | --- | --- | --- | --- | | 号 | | （股） | 份总数比例（%） | | 1 ...

据了解，中证浙江企业综合指数与中证浙江民营企业指数分别选取注册地在浙江省的全部上市公司证券 与民营上市公司证券作为指数样本，以反映浙江省上市公司证券和民营上市公司证券的整体表现。该指 数以2004年12月31日为基日，以1000.0点为基点。 金融界4月14日消息，上证指数高开高走，中证浙江民营企业指数 (浙江民企，000840)报7165.72点。 数据统计显示，中证浙江民营企业指数近一个月下跌12.68%，近三个月上涨3.32%，年至今下跌 1.28%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样本中剔除。样本公司发生收 购、合并、分拆等情形的处理，参照计算与维护细则处理。 从指数持仓来看，中证浙江民营企业指数十大权重分别为：同花顺（2.27%）、三花智控（2.22%）、 华友钴业（1.69%）、恒生电子（1.58%）、拓普集团（1.32%）、华东医药（1.31%）、新和成 （1.3%）、大华股份（1.23%）、中控技术（1.22%）、卫星化学（1.15%）。 从中证浙江民营企业指数持仓样 ...

[Table_Main] 公司研究|信息技术|技术硬件与设备 证券研究报告 大华股份(002236)公司点评报告 2025 年 04 月 12 日 [Table_Title] 营业收入基本持平，加大研发布局未来 ——大华股份(002236.SZ)2024 年年度报告点评 [Table_Summary] 事件： 公司于 2024 年 3 月 28 日收盘后发布《2024 年年度报告》。 点评： 营业收入同比基本持平，国内外诸多因素致净利润下滑 2024 年，公司坚持精细化管理和高质量发展的经营理念，实现营业收入 321.81 亿元，同比下降 0.12%；实现归母净利润 29.06 亿元，同比下降 60.53%，主要是 2023 年出售零跑股权对利润的影响导致；实现扣非归母 净利润 23.47 亿元，同比下降 20.74%；受需求收缩、竞争加剧影响，全年 实现毛利率 38.84%，同比下滑 2.8%。公司延续了费用结构强管控的策略， 全年三费总额 105 亿元，与 2023 年基本持平。受汇率波动影响，本年度汇 兑收益 0.37 亿元，较上年同期收窄 1.43 亿元，影响当期利润增速。 国内业务有所承压，海外及创 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% compared to the benchmark index [4][6]. Core Views - The company reported a slight decline in revenue for 2024, with total revenue at 32.18 billion yuan, down 0.12% year-on-year, and a significant drop in net profit by 60.53% to 2.91 billion yuan, primarily due to the impact of selling equity in 2023 [1][2]. - Despite domestic business challenges, overseas and innovative segments showed resilience, with overseas revenue growing by 6.31% to 16.29 billion yuan and innovative business revenue increasing by 13.44% to 5.57 billion yuan [2][3]. - The company continues to invest heavily in R&D, with expenditures reaching 4.21 billion yuan, representing 13.09% of revenue, focusing on AI and other advanced technologies [3][4]. Summary by Sections Financial Performance - In 2024, the company achieved total revenue of 32.18 billion yuan, with a net profit of 2.91 billion yuan and a non-recurring net profit of 2.35 billion yuan, reflecting a year-on-year decline of 20.74% [1][7]. - The gross margin for the year was 38.84%, down 2.8% from the previous year, influenced by demand contraction and increased competition [1][2]. Business Segments - Domestic revenue fell by 5.95% to 15.89 billion yuan, with government business down 6.37% to 4.06 billion yuan due to low investment and local debt pressures [2]. - The enterprise business also saw a decline of 4.15% to 8.71 billion yuan, while the overseas business showed growth, reaching 16.29 billion yuan [2]. R&D and Innovation - The company maintained a strong focus on R&D, with a budget of 4.21 billion yuan, up 6.20% year-on-year, emphasizing AI and multi-dimensional perception technologies [3]. - The company is advancing its AI capabilities with the launch of various models, including visual, language, and multi-modal AI models [3]. Profit Forecast - The forecast for 2025-2027 indicates revenue growth to 34.53 billion yuan in 2025, with net profit expected to rise to 3.19 billion yuan in 2025, reflecting a recovery trend [4][7].

ZHEJIANG DAHUA TECHNOLOGY CO., LTD. Environmental, Social and Governance Report Contents | About This Report | 03 | | --- | --- | | Statement from the Chairman | 04 | | Introduction to Dahua | 05 | | Corporate Introduction | 05 | | Development History | 06 | | Corporate Strategy | 07 | | Honors and Awards | 08 | | Sustainable Development | 09 | | ESG Governance Structure | 09 | | ESG Strategic Framework | 10 | | Stakeholder Engagement | 12 | | Double Materiality Assessment | 13 | | Feature: Technology for S ...

证券代码：002236 证券简称：大华股份 公告编号：2025-036 浙江大华技术股份有限公司 关于 2024 年度股东大会增加临时提案 暨股东大会补充通知的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 浙江大华技术股份有限公司（以下简称"公司"）于 2025 年 3 月 28 日召开 第八届董事会第十一次会议，审议通过了《关于召开 2024 年度股东大会的议案》， 定于 2025 年 4 月 21 日召开 2024 年度股东大会。2025 年 4 月 8 日，公司召开第 八届董事会第十二次会议审议通过了《关于回购公司股份方案的议案》，该议案 需提交股东大会审议。具体内容详见公司于 2025 年 3 月 29 日及 4 月 9 日在《证 券时报》及巨潮资讯网（www.cninfo.com.cn)披露的相关公告。 为提高决策效率，公司控股股东、实际控制人傅利泉先生于 2025 年 4 月 8 日向公司董事会提交了《关于提请增加浙江大华技术股份有限公司 2024 年度股 东大会临时提案的函》，提请将回购公司股份方案以临时提案的方式提交公司 2024 年度 ...

证券代码：002236 证券简称：大华股份 公告编号：2025-034 浙江大华技术股份有限公司 第八届董事会第十二次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 基于对公司未来发展前景的信心和对公司价值的高度认可，为维护广大投资 者合法权益增强投资者信心，在综合考虑经营情况、业务发展前景、财务状况以 及未来盈利能力的基础上，董事会同意公司以集中竞价交易方式回购公司部分已 在境内发行的人民币普通股（A 股）股票，用于依法注销减少注册资本。 本次回购股份的价格不超过人民币 27.72 元/股（含本数），回购资金总额为 不低于人民币 3 亿元（含）且不超过人民币 5 亿元（含），按照回购金额上下限、 回购价格上限测算回购数量约为 10,822,511 股--18,037,518 股，约占公司总股 本为 0.33%--0.55%（具体回购股份的数量以回购期满时实际回购的股份数量为 准），实施期限自股东大会审议通过本次回购方案之日起 12 个月内。 同时，公司董事会拟提请股东大会在有关法律、行政法规及规范性文件许可 范围内，授权 ...

证券代码：002236 证券简称：大华股份 公告编号：2025-035 浙江大华技术股份有限公司 关于回购公司股份方案的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 1、拟回购股份种类：公司已发行的人民币普通股（A 股）。 2、回购金额：不低于人民币 3 亿元（含）且不超过人民币 5 亿元（含）。 3、回购价格：不超过人民币 27.72 元/股（含），未超过董事会审议通过回 购方案决议前三十个交易日公司股票交易均价的 150%。 4、回购方式：集中竞价交易方式 5、回购资金来源：自有资金。 6、拟回购数量：按照回购金额下限、回购价格上限测算，预计可回购股份 数量约为 10,822,511 股，约占公司总股本的 0.33%；按回购金额上限、回购价 格上限测算，预计可回购股份数量约为 18,037,518 股，约占公司总股本的 0.55%。 具体回购股份的数量以回购期满时实际回购的股份数量为准。 7、回购期限：自股东大会审议通过回购方案之日起 12 个月内。回购方案实 施期间，若公司股票存在因筹划重大事项连续停牌十个交易日以上情形的，回购 ...