Financial Performance - The company's operating revenue for Q3 2024 was ¥1,723,987,406.43, a decrease of 14.67% year-over-year[2] - The net profit attributable to shareholders was ¥130,573,362.44, an increase of 60.73% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses was ¥128,928,356.39, up 71.90% year-over-year[2] - The basic earnings per share for the quarter was ¥0.2095, reflecting a 60.78% increase from the previous year[2] - The net profit for Q3 2024 was -26,115,022.48 CNY, a significant decrease from the net profit of 132,153,399.27 CNY in the same period last year[12] - The operating profit for Q3 2024 was -32,314,385.58 CNY, compared to an operating profit of 150,083,148.75 CNY in Q3 2023[12] - The total revenue from operating activities was 4,830,863,110.88 CNY, down from 5,399,329,240.81 CNY year-over-year[13] - The company reported a basic and diluted earnings per share of -0.0454, compared to 0.2160 in the same quarter last year[13] Assets and Liabilities - Total assets at the end of the reporting period were ¥15,615,236,487.71, down 3.61% from the end of the previous year[2] - The company's total assets amounted to ¥15,615,236,487.71, a decrease from ¥16,200,434,385.92 year-over-year[10] - Current liabilities totaled ¥9,977,259,268.92, down from ¥10,431,519,517.85 in the previous year, indicating a reduction of 4.3%[10] - Non-current liabilities were reported at ¥289,713,952.87, slightly up from ¥280,225,194.32 year-over-year[10] - The company recorded a decrease in total equity attributable to shareholders by 2.98% to ¥5,021,051,957.41[2] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥1,597,367,758.50, a 15.33% improvement compared to the same period last year[2] - The cash flow from operating activities showed a net outflow of -1,597,367,758.50 CNY, an improvement from -1,886,491,905.22 CNY in the previous year[14] - The cash flow from investing activities resulted in a net outflow of -108,045,672.56 CNY, compared to -136,673,614.79 CNY in Q3 2023[14] - The cash flow from financing activities generated a net inflow of 1,112,953,933.89 CNY, an increase from 499,312,018.52 CNY in the previous year[14] Shareholder Information - Total number of common shareholders at the end of the reporting period is 65,334[6] - The largest shareholder, China Electronics Taiji Group Co., Ltd., holds 28.61% of shares, totaling 178,320,355 shares[6] - The second largest shareholder, North China Computer Technology Research Institute, holds 7.24% of shares, totaling 45,138,290 shares[6] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[7] - The company has no preferred shareholders or related matters to report[8] Operational Metrics - Total operating revenue for Q3 2024 was ¥4,337,615,808.01, a decrease of 17.0% compared to ¥5,221,110,701.06 in Q3 2023[11] - Total operating costs for Q3 2024 were ¥4,396,908,903.75, down from ¥5,012,545,187.98 in the same period last year, reflecting a reduction of 12.3%[11] - Cash and cash equivalents at the end of the period amount to ¥1,070,891,104.35, down from ¥1,683,890,976.12 at the beginning of the period[8] - Accounts receivable increased to ¥4,756,257,318.87 from ¥4,653,853,922.42[8] - Inventory decreased to ¥2,991,162,358.83 from ¥3,220,785,989.86[8] - Contract assets rose to ¥1,912,569,623.09 from ¥1,781,413,951.94[8] Financial Expenses - The company reported a significant increase in short-term borrowings, which rose by 140.25% to ¥2,140,000,000.00[4] - The financial expenses increased by 44.22% to ¥35,676,216.00, primarily due to increased loans[4] - The company incurred financial expenses of 35,676,216.00 CNY, an increase from 24,736,687.43 CNY in the same quarter last year[12] Research and Development - The research and development expenses for Q3 2024 were 104,246,672.08 CNY, down from 138,750,215.62 CNY in Q3 2023[12] Future Outlook - The company plans to focus on new product development and market expansion strategies to improve future performance[11] - The company has not disclosed any new strategies or market expansions in the current report[8]

Investment Rating - The report maintains a rating of "Add" for the company [5]. Core Views - The company possesses a core advantage characterized by "close to data, wide application, and strong management" [2]. - The central government has issued a systematic deployment for the development and utilization of public data resources, aiming for significant improvements by 2025 and a mature system by 2030 [1]. Revenue and Profit Forecast - The revenue forecast for 2024 and 2025 has been adjusted down to 9.896 billion and 11.177 billion respectively, representing a decrease of 24% and 27% from previous estimates. The forecast for 2026 is set at 12.649 billion [3]. - The net profit forecast for 2024 and 2025 has been revised down to 432 million and 528 million respectively, a reduction of 30% and 37% from earlier predictions. The forecast for 2026 is 686 million [3]. Financial Metrics - The current market capitalization corresponds to a PE ratio of 37x for 2024, 30x for 2025, and 23x for 2026 [3]. - The company’s revenue growth rate is projected to be 7.63% in 2024, 12.94% in 2025, and 13.17% in 2026 [4]. - The net profit growth rate is expected to be 15.04% in 2024, 22.38% in 2025, and 29.84% in 2026 [4]. Key Financial Data - The company’s revenue for 2022 was 10.601 billion, with a forecast of 9.195 billion for 2023, and projected revenues of 9.896 billion in 2024, 11.177 billion in 2025, and 12.649 billion in 2026 [4][7]. - The net profit for 2022 was 378 million, with forecasts of 375 million for 2023, and projected profits of 432 million in 2024, 528 million in 2025, and 686 million in 2026 [4][7]. Market Position - The company has implemented over 100,000 service projects, enhancing data integration across various industries [2]. - The company has achieved a DCMM4 level certification, indicating the highest level of data management service capability recognized by the state [2].

Investment Rating - The report initiates coverage with a "Buy" rating for the company [3]. Core Views - The company is positioned as a leader in the information technology sector and a key player in the network information business under China Electronics Technology Group Corporation (CETC) [2][21]. - Government debt relief measures are expected to drive rapid development in the trusted computing and data element sectors, enhancing the company's growth prospects [3][21]. - The company is strategically positioned in core areas of trusted computing and data elements, with potential for exceeding expectations in growth [3][21]. Financial Summary - The company’s projected earnings per share (EPS) for 2024-2026 are estimated at 0.61, 0.96, and 1.40 yuan, with growth rates of 1.3%, 57.8%, and 45.6% respectively [3][14]. - Revenue forecasts for 2024-2026 are 8.71 billion, 11.00 billion, and 13.77 billion yuan, with corresponding net profits of 380 million, 600 million, and 873 million yuan [4][14]. - The company’s revenue in 2023 was 9.19 billion yuan, reflecting a decline of 13.3% from 2022 [4]. Business Segments - **Cloud and Data Services**: Revenue for this segment in 2023 was 1.04 billion yuan, with a growth rate of 37.12%. Expected growth rates for 2024-2026 are 10%, 15%, and 15% [12][15]. - **Self-developed Software Products**: This segment achieved revenue of 2.06 billion yuan in 2023, growing by 13.06%. Forecasted growth rates for 2024-2026 are 12%, 18%, and 18% [12][15]. - **Industry Solutions**: Revenue in 2023 was 4.09 billion yuan, down 36.02%. Expected growth rates for 2024-2026 are -10%, 40%, and 35% [13][15]. - **Digital Infrastructure**: This segment generated 1.85 billion yuan in 2023, with a growth of 25.70%. Forecasted growth rates for 2024-2026 are -15%, 15%, and 15% [13][15]. Valuation - The report employs both PE and PS valuation methods, concluding a target price of 39.71 yuan based on a PE ratio of 41.25 for 2025 [17][19][20].

证券代码：002368 证券简称：太极股份 公告编号：2024-029 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公司股份计划的公告 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"）控股股东中电太极（集团） 有限公司及一致行动人中电科投资控股有限公司拟在本公告披露之日起 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 5000 万元，双方合计增持股份数量不超过公司总股本的 2%。 2、本次增持计划未设定价格区间，增持主体将基于对公司股票价值的合理 判断，择机实施增持计划。 3、本次增持计划可能存在因资本市场情况发生变化或目前尚无法预判的其 他风险因素，导致增持计划延迟实施或无法完成实施的风险。如增持计划实施 过程中出现相关风险情形，信息披露义务人将及时履行信息披露义务。 一、增持主体基本情 ...

证券代码：002368 证券简称：太极股份 公告编号：2024-028 太极计算机股份有限公司 关于公司高级管理人员减持股份计划实施完毕的公告 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。 太极计算机股份有限公司（以下简称"公司"）于 2024 年 7 月 3 日在巨潮资 讯网披露了《关于公司高级管理人员减持股份的预披露公告》（编号：2024-019）， 公司高级管理人员吕翊先生计划自减持计划公告之日起 15 个交易日后的三个月 内以集中竞价交易或大宗交易方式合计减持公司股份不超过 282,442 股，占总股 本比例不超过 0.05%。 截至 2024 年 10 月 8 日，上述股份减持计划已实施完毕。根据《上市公司 董事、监事和高级管理人员所持本公司股份及其变动管理规则》及《深圳证券 交易所上市公司自律监管指引第 18 号——股东及董事、监事、高级管理人员减 持股份》的有关规定，现将实施情况公告如下： 一、股东减持情况 | 股东姓名 | 减持方式 | 减持日期 | 减持均价 | 减持数量（股） | 占公司总股本的 | | --- | --- | --- | ...

Investment Rating - The investment rating for the company is "Buy" with a target price of RMB 19.31, down from a previous target of RMB 36.37 [1][6]. Core Views - The company's revenue and profit are under short-term pressure due to project delays and increased investment, but there is potential for performance improvement with future demand recovery [1][2]. - The company reported a revenue of RMB 2.614 billion for H1 2024, a year-over-year decrease of 18.34%, and a net loss attributable to shareholders of RMB 159 million [1][2]. - The company is focusing on strategic transformation and increasing investment in core products, which has led to temporary losses [2][4]. Summary by Sections Financial Performance - In H1 2024, the company achieved revenue of RMB 2.614 billion, down 18.34% year-over-year, with a net loss of RMB 159 million compared to a profit of RMB 50.76 million in the same period last year [1][2]. - Q2 2024 revenue was RMB 0.952 billion, reflecting a 29.77% year-over-year decline and a 42.69% quarter-over-quarter decline [1]. Business Segments - The industry solutions segment generated RMB 1.118 billion in revenue, down 15.76% year-over-year, with a gross margin of 19.39% [2]. - The digital infrastructure segment reported revenue of RMB 0.554 billion, down 29.93%, but with a gross margin increase to 12.93% [2]. - The self-developed software products segment had revenue of RMB 0.485 billion, down 7.43%, with a gross margin of 32.78% [2]. - The cloud and data services segment generated RMB 0.401 billion, down 16.41%, with a gross margin of 56.77% [2]. Subsidiary Performance - The subsidiary, Renmin University of China JinKang, achieved revenue of RMB 90.57 million in H1 2024, a year-over-year increase of 19.40% [3]. - The company increased its stake in Renmin University of China JinKang to 54.62%, enhancing control over the subsidiary [3]. Cost Management - The company reported sales, management, and R&D expense ratios of 5.85%, 23.93%, and 3.05%, respectively, with management expenses slightly decreasing [4]. - Operating cash flow for H1 2024 was negative RMB 1.845 billion, a year-over-year decline of RMB 693 million [4]. Valuation Metrics - The estimated EPS for 2024, 2025, and 2026 are RMB 0.68, RMB 1.01, and RMB 1.46, respectively [1][5]. - The company’s market capitalization is projected at RMB 12.032 billion, with a target price of RMB 19.31 based on a valuation method [1][5].

Investment Rating - The report maintains a "Recommended" rating for the company [1][6] Core Views - The company's overall performance in the first half of 2024 was under pressure, with a revenue of 2.614 billion yuan, a year-on-year decline of 18.34% due to project bidding and acceptance delays, as well as intensified industry competition [3][4] - The company reported a net profit attributable to shareholders of -159 million yuan, indicating a shift from profit to loss, primarily due to increased sales, R&D, and financial expenses during its strategic transformation [4][6] - The company is focusing on key areas such as digital government and digital enterprise, signing contracts with major clients and maintaining a leading position in the database product market through its subsidiary, Electric Science and Technology JinCang [5][6] Summary by Sections Financial Performance - In the first half of 2024, the company achieved an operating income of 2.614 billion yuan, down 18.34% year-on-year, and a net profit of -159 million yuan [3][4] - The company’s expense ratio increased to 33.55%, up 6.94 percentage points from the previous year, with sales, management, R&D, and financial expense ratios rising as well [4] Business Development - The company is actively expanding its client base and project implementation, particularly in the digital government sector, where it has secured contracts with various central ministries and local governments [4][5] - The subsidiary, Electric Science and Technology JinCang, reported a revenue of 90.57 million yuan, a year-on-year increase of 19.40%, and is recognized as a leader in the database industry [5] Profit Forecast and Investment Suggestions - The profit forecast for the company has been adjusted, with expected net profits of 389 million yuan, 492 million yuan, and 631 million yuan for 2024, 2025, and 2026 respectively [6] - The report suggests that the company's performance is expected to improve in the second half of the year as project acceptance progresses, and it remains optimistic about the future development of its database and other proprietary software products [6]

Investment Rating - The investment rating for the company is "Accumulate" [8] Core Views - The company's overall performance is under pressure, but the revenue share from the enterprise sector has increased significantly, reaching 43.76% in H1 2024, up by 7.2 percentage points year-on-year [4] - The subsidiary, Ren Da Jin Cang, has shown remarkable performance with a revenue of 0.91 billion, reflecting a year-on-year growth of 19.40%, driven by the continuous promotion of the Xin Chuang policy [5] - The company is expected to achieve revenues of 94.99 billion, 102.22 billion, and 113.49 billion for the years 2024 to 2026, with corresponding net profits of 3.99 billion, 4.42 billion, and 5.34 billion, indicating growth rates of 3.31%, 7.62%, and 11.02% respectively [6] Performance Summary - In H1 2024, the company reported a revenue of 26.14 billion, a decrease of 18.34%, and a net profit attributable to the parent company of -1.59 billion [2] - The gross margin for H1 2024 was 26.60%, a decrease of 2.2 percentage points year-on-year [2] - The operating cash flow for H1 2024 was -18.45 billion, indicating cash flow challenges [2] Expense Ratios - The expense ratios for H1 2024 were as follows: sales expense ratio at 5.85%, management expense ratio at 23.93%, and R&D expense ratio at 3.05%, with notable increases in all categories compared to the previous year [3] - In Q2 2024, the sales expense ratio rose to 10.16%, management expense ratio to 32.90%, and R&D expense ratio to 5.26%, reflecting significant year-on-year increases [3]

证券代码：002368 证券简称：太极股份 公告编号：2024-024 太极计算机股份有限公司（以下简称"公司"）第六届董事会第十六次会议通 知于 2024 年 8 月 19 日以直接送达、电话或电子邮件的方式发出，会议于 2024 年 8 月 30 日下午 14:00 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<2024年半年度报告>及其摘要的议案》 公司严格按照《证券法》及《深圳证券交易所股票上市规则》的规定，并根 据自身实际情况，完成了 2024 年半年度报告的编制及审议工作。公司董事、监 事、高级管理人员就该报告签署了书面确认意见，监事会出具了书面审核意见。 具体内容详见巨潮资讯网（http://www.cninfo.com.cn）的相关公告。 太极计算机股份有限公司 第六届董事会第十六次会议决议公告 本公司及董事会全体成员保证信息披露内容 ...

证券代码：002368 证券简称：太极股份 公告编号：2024-027 太极计算机股份有限公司 关于控股子公司更名并完成工商变更登记的公告 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、基本情况 经中国电子科技集团有限公司（以下简称"中国电科"）授权同意，太极计算 机股份有限公司（以下简称"公司"）控股子公司北京人大金仓信息技术股份有限 公司于近日更名为中电科金仓（北京）科技股份有限公司，并办理完成工商变更 登记手续，取得了北京市朝阳区市场监督管理局换发的《营业执照》。现将变更 后的《营业执照》信息公告如下： 1、中电科金仓（北京）科技股份有限公司《营业执照》。 特此公告。 太极计算机股份有限公司 董事会 2024 年 8 月 30 日 8、经营范围：技术开发；技术转让；技术咨询；计算机技术培训；技术服 务；经济信息咨询；承接计算机网络工程；销售开发后的产品、计算机软硬件及 外围设备、机械电器设备、办公设备、电子元器件。（市场主体依法自主选择经 营项目，开展经营活动；依法须经批准的项目，经相关部门批准后依批准的内容 开展经营活动；不得从事国家和本市产业政策 ...