Group 1: Medical Database Development - The subsidiary, Electric Science JinCang, has fully covered five core systems for hospital information construction, supporting major hospitals like PLA General Hospital and Zhejiang Provincial People's Hospital, indicating that domestic databases meet the medical industry's needs for data security, stability, and efficient management [2][3]. Group 2: Cloud Computing Progress - In 2024, the company enhanced its cloud operation service capabilities, with its Beijing municipal government cloud platform (Taiji Cloud) being the first to pass the "Information Technology Application Innovation Government Cloud Operation Capability" assessment [3]. Group 3: AI Technology Platform - The company launched the "CETC Artificial Intelligence Open Service Platform" on April 30, 2025, which utilizes the "XiaoKe" large model and multiple specialized small models to support digital transformation for government and enterprises [3]. Group 4: Trusted Data Space Development - The Taiji Trusted Data Space Platform V1.0 passed the national testing in 2024, and the V2.0 version was released at the Digital China Summit, featuring enhanced data control, digital contract management, and multi-dimensional tracking capabilities [3][4]. Group 5: Digital Currency Cross-Border Payment - In 2024, the company successfully completed the first cross-border digital RMB transaction between China and Singapore, marking a significant breakthrough in digital currency applications in the renewable energy trade sector [4].

Investment Rating - The report maintains a "Recommended" rating for the company [5][7]. Core Insights - The company reported a revenue of 1.396 billion yuan in Q1 2025, a decrease of 15.96% year-on-year, while the net profit attributable to shareholders was 16.2612 million yuan, a slight decrease of 0.42% year-on-year [3]. - The gross margin improved to 28.20% in Q1 2025 from 25.10% in Q1 2024, indicating a positive trend in profitability [3]. - The increase in contract liabilities to 1.593 billion yuan at the end of Q1 2025 compared to the end of 2024 suggests an improvement in business activity [3]. Summary by Sections Business Trends - The company is focusing on major trends such as AI, data elements, and trusted innovation. It has developed an integrated model for AI that combines computing power, models, and applications [4]. - In the area of trusted innovation, the company established a dedicated working group in 2025 to enhance its product offerings and better meet customer needs [4]. - The company is also responding to national initiatives regarding data resource utilization, aiming to create platforms for data supply, product development, and management [4]. Cross-Border Settlement Initiatives - The company has successfully facilitated China's first cross-border digital RMB trade settlement with Singapore in the renewable energy sector, showcasing its capabilities in this area [5]. - The technical team has optimized the system architecture to ensure stability in high-concurrency transaction scenarios, enhancing transaction security through blockchain technology [5]. - The streamlined transaction process has reduced costs and improved payment speed for cross-border trade enterprises, positioning the company as a leader in this emerging market [5]. Financial Projections - The company expects net profits attributable to shareholders to grow from 313 million yuan in 2025 to 531 million yuan in 2027, with corresponding PE ratios decreasing from 48X to 28X [5][8]. - Revenue is projected to increase from 9.039 billion yuan in 2025 to 11.288 billion yuan in 2027, reflecting a growth rate of 15.4% in 2025 and gradually declining growth rates thereafter [8][10]. - The gross margin is expected to remain stable, with slight improvements anticipated over the forecast period [10].

证券代码：002368 证券简称：太极股份 公告编号：2025-018 太极计算机股份有限公司 第六届监事会第十七次会议决议公告 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）审议通过了《关于〈公司2025年第一季度报告〉的议案》 经核查，监事会认为：董事会编制和审核2025年第一季度报告的程序符合法 律、行政法规和中国证监会的规定，内容真实、准确、完整地反映了报告期内公 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。 表决结果：5票同意、0票反对、0票弃权。 三、备查文件 1、第六届监事会第十七次会议决议。 特此公告。 一、监事会会议召开情况 太极计算机股份有限公司（以下简称"公司"）第六届监事会第十七次会议通 知于 2025 年 4 月 18 日以直接送达、电话或电子邮件形式发出，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。 本次会议应到监事 5 位，实到监事 5 位，会议由监事会召集人胡雷先生主 持。本次会议的召开符合《公司法》和《公司章程》的有关规 ...

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 ...

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]