证券代码：002368 证券简称：太极股份 公告编号：2025-017 太极计算机股份有限公司 第六届董事会第二十次会议决议公告 本次会议应到董事9位，实到董事9位，公司部分监事、高级管理人员列席 了会议，会议由董事长吕翊先生主持。本次会议的召开符合《公司法》和《公 司章程》的有关规定。 二、董事会会议审议情况 （一）审议通过了《关于〈公司 2025 年第一季度报告〉的议案》 具体内容详见巨潮资讯网（http://www.cninfo.com.cn）的相关公告。 表决结果：9票同意、0票反对、0票弃权。 三、备查文件 1、第六届董事会第二十次会议决议。 特此公告。 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 一、董事会会议召开情况 太极计算机股份有限公司（以下简称"公司"）第六届董事会第二十次会议通 知于2025年4月18日以直接送达、电话或电子邮件的方式发出，会议于2025年4 月29日在北京市朝阳区容达路7号院中国电科太极信息产业园C座会议中心以现 场结合通讯方式召开。 董事会 2025 年 4 月 29 日 1 太极计算机股份有限公司 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,396,400,564.02, a decrease of 15.96% compared to ¥1,661,500,116.22 in the same period last year[4] - Net profit attributable to shareholders was ¥16,261,241.31, down 0.42% from ¥16,329,727.56 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥13,902,596.77, a decline of 4.80% from ¥14,602,979.85 in the previous year[4] - Total operating revenue for the current period is ¥1,396,400,564.02, a decrease of 16% from ¥1,661,500,116.22 in the previous period[15] - Net profit for the current period is ¥16,539,627.81, slightly up from ¥16,443,076.99, indicating a marginal increase of 0.6%[16] Cash Flow and Liquidity - The net cash flow from operating activities improved by 9.08%, amounting to -¥1,405,107,122.35 compared to -¥1,545,364,750.74 in the same period last year[4] - Operating cash flow for the current period is -¥1,405,107,122.35, an improvement from -¥1,545,364,750.74 in the previous period[18] - The company's cash and cash equivalents decreased by 58.42%, totaling ¥934,125,845.10, primarily due to contract-related expenditures[6] - The ending balance of cash and cash equivalents was $786,777,790.87, down from $905,619,103.26[19] - The net increase in cash and cash equivalents was -$1,322,149,174.83, compared to -$602,474,883.67 previously[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥15,443,483,219.79, a decrease of 3.55% from ¥16,012,049,788.95 at the end of the previous year[4] - The total liabilities decreased to ¥9,825,567,292.19 from ¥10,410,673,489.16, a decline of approximately 5.6%[14] - The company’s total liabilities decreased by 42.57% in notes payable, amounting to ¥529,526,281.13, due to the maturity and payment of issued acceptance bills[6] - Accounts receivable increased to ¥4,789,889,023.48 from ¥4,614,889,811.34, reflecting a growth of approximately 3.8%[12] - The total current liabilities increased, with short-term borrowings rising to ¥2,124,000,000.00 from ¥2,001,618,366.68[13] Shareholder Information - The total number of common shareholders at the end of the reporting period is 61,335[9] - The largest shareholder, China Electronics Technology Group Corporation, holds 29.45% of shares, totaling 183,539,867 shares[9] - The company has a total of 2,000,000 shares frozen due to a legal dispute involving a major shareholder[11] Research and Development - Research and development expenses increased by 38.53% to ¥180,327,614.17, reflecting a rise in R&D activities during the quarter[6] - Research and development expenses decreased to ¥25,681,894.13 from ¥29,510,210.54, a reduction of 13%[16] - The company is actively engaged in research and development of new technologies, although specific details were not disclosed in the call[10] Financial Outlook - Future outlook includes potential market expansion and strategic acquisitions to enhance growth[10] - The first quarter report was not audited, indicating preliminary financial results[20]

证券代码：002368 证券简称：太极股份 公告编号：2025-015 太极计算机股份有限公司 关于控股股东及一致行动人增持计划期限届满暨实施完成的公告 中电太极（集团）有限公司、中电科投资控股有限公司保证向本公司提供的信息内容 真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、太极计算机股份有限公司（以下简称"公司"）于 2024 年 10 月 19 日披露 了《关于控股股东及一致行动人增持公司股份计划的公告》（公告编号：2024-029）， 基于对公司未来持续稳定发展的信心和长期投资价值的认可，为增强投资者信 心，中电太极（集团）有限公司（以下简称"中电太极"）及一致行动人中电科投 资控股有限公司（以下简称"电科投资"）拟自 2024 年 10 月 19 日起 6 个月内以 不限于集中竞价交易、大宗交易等深圳证券交易所允许的方式增持公司股份， 增持金额分别为不低于人民币 1 亿元且不超过 2 亿元和不低于人民币 5,000 万元， 双方合计增持股份数量不超过公司总股本的 2%。 2、截至本公告披露日，本次增持计划实施 ...

北京大成律师事务所 关于中电太极（集团）有限公司及一致行动人 增持太极计算机 股份有限公司股份 释 义 N- 法律意见书 大成 DENTONS 大成 is Dentons' Preferred Law Firm in China. 北京大成律师事务所 www.dentons.cn 北京市朝阳区朝阳门南大街 10 号兆泰国际中心 B 座 16-21 层(100020) 16-21F, Tower B, ZT International Center, No. 10, Chaoyangmen Nandajie Chaoyang District, 100020, Beijing, China Tel: +86 10-58137799 Fax: +86 10-58137788 | | | | 释 义 … | | --- | | 第一部分 律师声明……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 2 | | 第二部分 正文 ...

Summary of Conference Call Records Company Overview - The conference call discusses the performance and strategic direction of a company involved in digital solutions and data services, specifically focusing on its business segments and future plans. Key Points Financial Performance - The company reported a negative cash flow from operating activities of 207 million, an improvement from the previous year's negative cash flow of 555 million, representing a year-on-year increase of 62.64% [1] - The company achieved a positive operating profit for the year despite significant declines in certain areas, with a notable increase in revenue and profit in the fourth quarter compared to previous quarters [1] - The gross margin reached 24.8%, indicating a slight overall increase [2] Business Segments - The homestay business experienced a year-on-year growth of 11.36%, attributed to successful expansions in locations like Beijing and Hainan, where the business model is mature and stable [1] - The company is focusing on three engines for future growth: trustworthiness, data, and intelligence, which are essential for driving its digital services [4][5] Strategic Direction - The company is undergoing a strategic transformation to enhance its digital solutions and data services, emphasizing the importance of a trustworthy digital foundation and the integration of data as a new production factor [5][6] - The company aims to build a "trusted digital foundation" to support the national digital economy, which includes developing a credible data space and public service platforms [6][7] - The strategic focus includes creating specialized data services tailored to industry needs and optimizing digital infrastructure [8][19] Organizational Changes - The company is restructuring its organizational framework to better align with its strategic goals, including the establishment of new business groups focused on data elements and regional operations [18][19] - The restructuring aims to enhance operational efficiency and improve financial metrics such as revenue and profit margins [20][21] Market Trends and Innovations - The company recognizes the growing importance of artificial intelligence (AI) and is developing capabilities to integrate AI into its services, focusing on creating digital employees and enhancing service delivery through intelligent applications [14][30] - The company is also exploring the development of proprietary AI models and enhancing its data processing capabilities to support various industry applications [32][33] Challenges and Future Outlook - The company acknowledges external challenges, including market conditions and regulatory environments, but remains optimistic about its growth trajectory due to a solid backlog of contracts valued at approximately 10.8 billion [27] - The company plans to continue investing in research and development, particularly in AI and database technologies, to maintain its competitive edge [54][55] Additional Insights - The company is committed to enhancing its public service platform and exploring new business models that leverage data and AI to create value across various sectors [11][12] - The focus on high-quality industry data is seen as crucial for developing specialized AI models that can address specific business needs [55][56] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting the company's financial performance, business segments, organizational changes, market trends, and future outlook.

Investment Rating - The report maintains a "Recommended" rating for the industry, indicating a positive outlook for the sector's fundamentals and expected performance relative to the benchmark index [3]. Core Insights - The report emphasizes the increasing importance of self-controllable technology in the context of ongoing US-China trade tensions, suggesting that domestic CPU processors and related chips may gain price advantages due to tariff impacts on US manufacturers [1][19]. - The report highlights significant changes in tariff rates, with the US imposing additional tariffs on Chinese products, which have reached 145%, and China responding with increased tariffs on US imports, now at 125% [9][10]. - The report suggests that the adjustment of the "origin" regulations for integrated circuits in China will significantly impact US IDM manufacturers, potentially benefiting domestic companies in the semiconductor industry [11][19]. Summary by Sections Section 1: US-China Trade Tensions - The report details the escalation of trade tensions, with multiple rounds of tariff increases from both the US and China, affecting various sectors, particularly technology [9][10]. - It notes that the US has confirmed a 145% tariff on Chinese products, while China has raised tariffs on US imports to 125% [9][10]. Section 2: Market Performance Review - The computer sector experienced a decline of 5.79% in the second week of April 2025, with notable stock performances from companies like Sifang Precision and Huada Jiutian, which saw increases of 21.38% and 17.24%, respectively [20][21]. - The report provides a detailed ranking of stock performance, highlighting both the top gainers and losers in the sector [21]. Section 3: Key Company Forecasts - The report includes earnings per share (EPS) forecasts for several key companies, indicating expected growth in the coming years, with companies like Kingsoft Office and Yonyou Network showing varying EPS projections [22]. - It emphasizes the importance of monitoring these companies as potential investment opportunities in light of the changing market dynamics [22].

Investment Rating - The report maintains a "Strong Buy" rating for the company, expecting it to outperform the benchmark index by over 20% in the next six months [3][17]. Core Views - The company reported a total revenue of 7.836 billion yuan in 2024, a decrease of 14.77% year-on-year, and a net profit attributable to shareholders of 191 million yuan, down 49.08% year-on-year. The fourth quarter of 2024 saw a revenue of 3.499 billion yuan, a decline of 11.95% year-on-year, with a net profit of 219 million yuan, down 9.82% year-on-year [2][3]. - Despite short-term revenue pressure, the company is focusing on market expansion and project delivery, leading to improved operational conditions and a return to profitability in the second half of the year. The gross margin for the year was 24.08%, an increase of 0.6 percentage points year-on-year [2][6]. - The company is enhancing its digital transformation and focusing on the digital government and key industry informationization sectors, solidifying its leading position in these areas. It is also expanding its client base and integrating emerging technologies like AI and big data [6][7]. - The company is building a comprehensive ecosystem for its self-developed products in the "信创" (Xinchuang) sector, with a 16.02% year-on-year revenue growth in its database business [6][7]. - The report forecasts net profits for 2025-2027 to be 377 million yuan, 471 million yuan, and 589 million yuan, respectively, with year-on-year growth rates of 97.2%, 24.9%, and 25.2% [2][6]. Financial Summary - The company’s total revenue is projected to grow from 7.836 billion yuan in 2024 to 12.203 billion yuan in 2027, with corresponding growth rates of -14.8%, 9.8%, 16.7%, and 21.5% for the years 2024 to 2027 [2][7]. - The net profit is expected to increase significantly from 191 million yuan in 2024 to 589 million yuan in 2027, with growth rates of -49.1%, 97.2%, 24.9%, and 25.2% [2][7]. - The report indicates a projected price-to-earnings (P/E) ratio of 50 for 2025, leading to a target price of approximately 30 yuan [6][7].

Investment Rating - The report maintains a "Recommended" rating for the company [8] Core Viewpoints - The company has launched the "Taiji Low-Code Development Platform TDP V25.0.0," marking a new stage of intelligence in the low-code development field through AI-driven data modeling and code generation [4][5] - The company is positioned as a leader in the "Xinchuang" (information innovation) sector, with steady revenue growth from its subsidiary, Electric Science JinCang, which achieved a revenue of 433 million yuan in 2024, a year-on-year increase of 16.02% [6] - The company is actively developing data elements and aims to play a significant role in the national data element development strategy, focusing on data resource utilization challenges [7][9] Summary by Sections Product Development - The Taiji platform features an AI assistant for data modeling and an integrated Web IDE for code generation, allowing users to create and modify data models and application code using natural language [5] - Continuous upgrades to the platform are planned, including AI applications in intelligent component recommendations and process automation [5] Financial Performance - The company forecasts a revenue of 7.836 billion yuan for 2024, with a projected growth rate of -14.8%, followed by a recovery with expected revenues of 9.039 billion yuan in 2025, representing a growth rate of 15.4% [10][12] - The net profit attributable to shareholders is expected to be 191 million yuan in 2024, with significant growth anticipated in subsequent years, reaching 531 million yuan by 2027 [10][12] Market Position - The company has secured multiple benchmark projects across various industries, enhancing its market presence and establishing itself as a key player in the Xinchuang sector [6][7] - The company is also expanding its product offerings in management software, further solidifying its position in the state-owned enterprise market [7] Future Outlook - The company is expected to enhance its "cloud + data + application" service capabilities, with projected net profits of 313 million yuan in 2025 and 409 million yuan in 2026 [9][10] - The report anticipates a decline in PE ratios from 81 in 2024 to 29 by 2027, indicating improved valuation as earnings grow [10][12]

Investment Rating - The report maintains a "Recommended" rating for the company [8] Core Viewpoints - The company has launched the "Taiji Low-Code Development Platform TDP V25.0.0," marking a new stage of intelligence in the low-code development field through AI-driven data modeling and code generation [4][5] - The company is positioned as a leader in the "Xinchuang" (information innovation) sector, with steady revenue growth from its subsidiary, Electric Science and Technology JinCang, which achieved a revenue of 433 million yuan in 2024, a year-on-year increase of 16.02% [6] - The company is actively developing data elements and aims to play a significant role in the national data element development strategy, focusing on data resource utilization challenges [7][9] - The company is expected to enhance its "cloud + data + application" service capabilities, with projected net profits for 2025-2027 of 313 million, 409 million, and 531 million yuan, respectively [9] Financial Projections - The company forecasts total revenue of 7.836 billion yuan for 2024, with a growth rate of -14.8%, followed by 9.039 billion yuan in 2025, representing a growth rate of 15.4% [10][12] - The projected net profit for 2024 is 191 million yuan, with a significant increase to 313 million yuan in 2025, reflecting a growth rate of 63.7% [10][12] - The earnings per share (EPS) is expected to rise from 0.31 yuan in 2024 to 0.50 yuan in 2025, with a corresponding price-to-earnings (PE) ratio decreasing from 81 to 49 [10][12]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company reported a revenue of 7.836 billion yuan in 2024, a year-over-year decrease of 14.77%, and a net profit attributable to shareholders of 191 million yuan, down 49.08% year-over-year [4] - The fourth quarter of 2024 saw a revenue of 3.5 billion yuan, a year-over-year decline of 12%, with a net profit of 220 million yuan, down 9.8% year-over-year [4] - The company is undergoing a business structure optimization, leading to an increase in overall gross margin, which reached 24.08% in 2024, up 0.6 percentage points year-over-year [6] - The cloud and data services segment performed well, achieving a revenue of 1.173 billion yuan in 2024, a year-over-year increase of 12.34%, with a gross margin of 42.81% [6] - The subsidiary, Electric Science JinCang, reported a revenue of 430 million yuan in 2024, a year-over-year increase of 16.02% [6] - The company is expected to benefit from the domestic software autonomy and data element industry dividends, with projected revenues of 8.152 billion yuan, 9.158 billion yuan, and 10.646 billion yuan for 2025, 2026, and 2027 respectively [6] Financial Data and Profit Forecast - The company’s total revenue for 2023 was 9.195 billion yuan, with a projected revenue of 8.152 billion yuan for 2025, reflecting a year-over-year growth rate of 4% [5] - The net profit attributable to shareholders is projected to be 235 million yuan in 2025, representing a year-over-year growth of 22.9% [5] - The earnings per share are expected to increase from 0.31 yuan in 2024 to 0.38 yuan in 2025 [5] - The company’s price-to-earnings ratio is projected to be 66x in 2025, decreasing to 33x by 2027 [6]