Financial Performance - The company's net profit attributable to shareholders is expected to be between 90 million and 110 million yuan, representing a year-on-year growth of 106.83% to 152.79% compared to 43.51 million yuan in the same period last year [3]. - The net profit after deducting non-recurring gains and losses is projected to be between 80 million and 100 million yuan, indicating a year-on-year increase of 129.14% to 186.42% from 34.91 million yuan last year [3]. - Basic earnings per share are anticipated to be between 0.38 yuan and 0.46 yuan, compared to 0.18 yuan per share in the same period last year [3]. Business Growth - The company has experienced good growth in new orders and contract deliveries, benefiting from the sustained high prosperity of certain downstream industries [4]. Forecast Period - The performance forecast period is from January 1, 2024, to June 30, 2024 [6].

Investment Rating - The report indicates a strong investment outlook for the company, highlighting significant growth in net profit and revenue, particularly in the first quarter of 2024, with net profit increasing by 322.2% year-on-year [2][8]. Core Insights - The company, KFY Smart, has shown exceptional performance in the first quarter, with net profit growth exceeding three times compared to the previous year [2]. - The company has secured a major contract for a national power demonstration project control system (DCS), indicating its strong position in the market [2][17]. - The global market for Distributed Control Systems (DCS) is projected to grow from $18.8 billion in 2022 to $19.9 billion in 2023, with the domestic DCS localization rate expected to increase steadily [6]. Company Overview and Performance - KFY Smart specializes in industrial automation and information technology, providing solutions across "smart industry" and "smart city" sectors, with key products including DCS, PLCs, and various automation solutions [3]. - In 2023, the company achieved total revenue of 1.41 billion yuan, a year-on-year increase of 21.9%, with industrial automation and information technology business growing by 32.9% after excluding previous year's revenue from the smart energy sector [7]. - The first quarter of 2024 saw revenue reach 370 million yuan, a 30.1% increase year-on-year, with net profit of 40 million yuan, marking a 322.2% growth [8]. Market Trends and Catalysts - The company is well-positioned to benefit from the increasing demand for autonomous and controllable solutions in the energy and chemical sectors, leading to a significant rise in new orders and contract deliveries [12]. - The establishment of a collaborative innovation center for intelligent gas turbine control systems reflects the company's commitment to advancing its technological capabilities [7]. - Recent government initiatives and the rapid development of new power systems are expected to drive further growth in the power IT sector, benefiting companies like KFY Smart [18]. Shareholder Dynamics - As of the end of the first quarter, the top ten shareholders held 44.08 million shares, accounting for 31.1% of the circulating shares, with a notable decrease in the number of shareholders, indicating a concentration of holdings [19][20]. - The report notes a reduction of over 7,700 shareholders, suggesting an increase in average shareholding per investor [20].

Investment Rating - The report assigns an "Outperform the Market" rating for the company [20]. Core Insights - The company is actively contributing to the national "Two Machines" major project, establishing a long-term competitive barrier through the development of domestic heavy-duty gas turbine control systems [5]. - The company has achieved significant revenue growth, with a projected increase in operating income from 14.07 billion yuan in 2023 to 34.17 billion yuan by 2026, reflecting a compound annual growth rate (CAGR) of approximately 33.6% [11][27]. - The company is focusing on expanding its product matrix around the industrial internet platform, which includes various layers such as edge, platform, and application layers [9]. Financial Summary - The company reported operating income of 14.07 billion yuan in 2023, a year-on-year increase of 21.9%, and a net profit of 1.61 billion yuan, compared to a loss of 4.34 billion yuan in the previous year [22]. - The projected net profit for 2024 is 2.68 billion yuan, with earnings per share (EPS) expected to reach 1.12 yuan [11][27]. - The gross margin is expected to remain stable, with projections of 39.2% in 2023 and gradually increasing to 39.9% by 2026 [10][27]. Business Segmentation - The industrial automation segment is expected to generate revenue of 1.08 billion yuan in 2023, with a year-on-year growth rate of 42% [12]. - The industrial internet segment is projected to achieve revenue of 294.84 million yuan in 2023, with a growth rate of 8% [12]. - Other main businesses are anticipated to see significant growth, with a revenue increase of 315% in 2023 [12]. Market Performance - The company has successfully secured contracts for several large thermal power generation projects, indicating strong demand in the downstream market [23]. - The company is also involved in projects that align with the "dual carbon" goals, showcasing its commitment to sustainable energy solutions [23].

Summary of Conference Call Company or Industry Involved - The conference call is related to Debon Securities Research Institute Core Points and Arguments - The conference call is intended solely for clients of Debon Securities Research Institute and does not constitute investment advice [1] - Participants are advised to make independent investment decisions and bear their own investment risks [1] - Debon Securities disclaims any responsibility for losses incurred from the use of the content provided in the call [1] Other Important but Possibly Overlooked Content - No specific financial data, industry trends, or company performance metrics were discussed in the provided content [1]

Summary of Conference Call Company or Industry Involved - The conference call pertains to Debon Securities Research Institute Core Points and Arguments - The call serves clients of Debon Securities and does not constitute investment advice [1] - Participants are advised to make independent investment decisions and bear their own investment risks [1] - Debon Securities disclaims any responsibility for losses resulting from the use of the content [1] Other Important but Possibly Overlooked Content - No specific financial data, industry trends, or company performance metrics were provided in the content [1]

Investment Rating - The report assigns a "Buy" rating for the company, indicating an expected stock price increase of over 15% in the next six months [12][21]. Core Insights - The company is a leader in the domestic DCS (Distributed Control System) market, having initiated its localization efforts in 2010 and achieving full domestic software and platform development by 2019, reaching advanced levels in reliability and usability [1]. - In 2023, the company secured numerous large-scale control system projects for coal-fired power plants and 9H gas turbines, significantly increasing its market share in these sectors [1]. - The company is expanding its applications across various industries, including chemicals, new energy, natural gas processing, biomedicine, and metallurgy, showcasing its versatility and innovation [1]. - The company is actively pursuing international expansion, aligning with the Belt and Road Initiative, and has engaged in multiple cross-border projects in energy, chemicals, and metallurgy [1]. Financial Summary - The company’s revenue for 2023 was 1,407 million yuan, with projections of 1,872 million yuan for 2024, reflecting a year-on-year growth of 33.05% [2]. - The net profit attributable to the parent company is expected to rise from 161 million yuan in 2023 to 275 million yuan in 2024, marking a significant increase of 71.27% [2]. - The financial forecasts for 2024-2026 indicate continued growth, with revenues projected to reach 27.23 billion yuan by 2026, and net profits expected to grow to 4.09 billion yuan [1][2].

国浩律师（南京）事务所 法律意见书 国浩律师（南京）事务所 关 于 南京科远智慧科技集团股份有限公司 2023 年度股东大会 之 法律意见书 中国江苏省南京市汉中门大街 309 号 B 座 5、7、8 层（210036） 5,7,8/F, Block B, 309 Hanzhongmen Dajie, Nanjing, China, 210036 电话/Tel: +86-25-89660900 传真/Fax: + 86-25-89660966 网址/Website:http://www.grandall.com.cn 2024 年 5 月 国浩律师（南京）事务所 法律意见书 国浩律师（南京）事务所 关于南京科远智慧科技集团股份有限公司 2023 年度股东大会之法律意见书 致：南京科远智慧科技集团股份有限公司 根据《中华人民共和国证券法》《中华人民共和国公司法》以及中国证券监 督管理委员会《上市公司股东大会规则》等法律法规规定，国浩律师（南京）事 务所（以下简称"本所"）接受南京科远智慧科技集团股份有限公司（以下简称"公 司"）的聘请，指派律师潘希、杨菲出席公司 2023 年度股东大会（以下简称"本 次股东大会 ...

证券代码：002380 证券简称：科远智慧 公告编号：2024-017 南京科远智慧科技集团股份有限公司 2023年度股东大会决议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没 有虚假记载、误导性陈述或重大遗漏。 一、特别提示 2、召开方式：现场会议与网络投票相结合的方式。 3、会议时间： 现场会议召开时间为：2024年5月17日下午15:00开始，会期半天； 网络投票时间为：2024年5月17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5月17日9:15-9:25，9:30-11:30和13：00-15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为：2024年5月17日9:15至 15:00期间的任意时间。 4、现场会议地点：南京市江宁区秣陵街道清水亭东路1266号 5、现场会议主持人：董事长刘国耀 1、本次股东大会无增加、否决或修改议案的情况； 2、本次股东大会未涉及变更前次股东大会决议的情况； 二、会议召开情况 1、召集人：公司董事会 6、会议的召集、召开程序符合法律、行政法规及公司章程的规定。 三、会议的出席情况 出席本次股东大会的股东及股 ...

证券代码：002380 证券简称：科远智慧 公告编号：2024-016 南京科远智慧科技集团股份有限公司 关于召开2023年度股东大会的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 南京科远智慧科技集团股份有限公司（以下简称"公司"）于 2024 年 4 月 26 日在《证券时报》和巨潮资讯网（www.cninfo.com.cn）披露了《关于召 开 2023 年度股东大会的通知》（公告编号：2024-011），本次股东大会将采 用现场投票与网络投票相结合的方式召开，现再次将本次股东大会的有关事项 提示如下： 一、召开会议的基本情况 1、会议届次：2023 年度股东大会 2、召集人：公司董事会 3、召开的合法、合规性：公司第六届董事会第十次会议审议通过了《关 于召开公司 2023 年度股东大会的议案》，本次股东大会的召开符合有关法律、 行政法规、部门规章和《公司章程》等的规定。 4、会议召开的日期和时间： 现场会议召开时间为：2024 年 5 月 17 日下午 15:00 开始，会期半天； 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：202 ...

Investment Rating - The report assigns a "Buy" rating for the company with a target price of 25.00 CNY over the next six months [1]. Core Insights - The company has shown significant growth in revenue and profit, with a 2023 revenue of 14.1 billion CNY, a 21.9% increase year-on-year, and a net profit of 1.6 billion CNY, recovering from a loss in the previous year [50]. - The company is positioned as a leading player in the industrial automation sector, particularly in the energy industry, benefiting from the domestic push for self-controlled systems in power generation [27][28]. - The company has a strong order pipeline, with multiple contracts secured for DCS system projects, indicating an acceleration in demand [8][50]. Financial Performance - Revenue growth is projected to continue, with expected revenues of 19.0 billion CNY in 2024 (+35.0%), 24.4 billion CNY in 2025 (+28.6%), and 30.5 billion CNY in 2026 (+24.7%) [34]. - The net profit forecast for 2024 is 2.4 billion CNY (+49.9%), followed by 3.1 billion CNY in 2025 (+29.4%) and 4.0 billion CNY in 2026 (+27.4%) [34]. - The company's EPS is expected to be 1.00 CNY in 2024, 1.30 CNY in 2025, and 1.66 CNY in 2026, with corresponding dynamic PE ratios of 16, 12, and 10 [34][68]. Business Overview - The company has over 30 years of experience in the industrial automation and information technology sectors, providing a comprehensive range of products and solutions including DCS, PLC, industrial robots, and real-time databases [4][6]. - The company has established a robust incentive mechanism to align the interests of management and shareholders, enhancing team motivation and cohesion [5]. - The company is actively expanding its international presence, with projects in countries such as Pakistan, Dubai, and Hungary, enhancing its brand influence in overseas markets [30]. Market Position - The company is recognized as a top-tier provider of DCS systems in China, with a significant market share in the power generation sector, particularly in the context of increasing domestic demand for self-controlled systems [27][28]. - The company has successfully transitioned to a fully self-controlled system, the NT6000, which has been certified by relevant authorities and implemented in major projects [55]. Future Outlook - The company is well-positioned to capitalize on the ongoing trends in industrial automation and digital transformation, with a focus on intelligent manufacturing and the integration of AI technologies [30]. - The anticipated growth in the industrial automation sector, driven by government initiatives such as "Industry 4.0" and "Made in China 2025," presents significant long-term growth opportunities for the company [30].