南京科远智慧科技集团股份有限公司（以下简称"公司"或"本公司"） 于近日收到公司 2016 年非公开发行股票并上市保荐机构广发证券股份有限 公司（以下简称"广发证券"）《关于变更持续督导保荐代表人的通知》， 公司原持续督导保荐代表人侯卫先生因工作调整，无法继续履行持续督导 工作，为保证持续督导工作的有序进行，广发证券指定杨俊丰先生接替侯 卫先生担任公司的持续督导保荐代表人。 本次保荐代表人变更后，公司 2016 年非公开发行股票并上市的持续督 导保荐代表人为杨俊丰先生、周寅先生。公司 2016 年非公开发行股票并上 市持续督导期已于 2017 年 12 月 31 日届满，由于公司非公开发行股票项目 有尚未完结的持续督导工作，保荐机构就募集资金使用情况等事项履行持 续督导义务，截至募集资金使用完毕。 公司董事会对侯卫先生在担任公司保荐代表人期间所做出的贡献表示 衷心的感谢！ 证券代码：002380 证券简称：科远智慧 公告编号：2024-021 南京科远智慧科技集团股份有限公司 关于变更持续督导保荐代表人的公告 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。 董 ...

Investment Rating - Buy (首次) [1] Core Views - The company is a leading innovator in the smart industrial sector, with a strong presence in automation, informatization, and intelligent technologies [4] - Industrial automation is a key driver of new quality productivity, with policies encouraging the adoption of advanced automation technologies and equipment [4] - The DCS business, particularly the NT6000 product, has significant technical advantages and certification barriers, widely applied in energy, chemical, and other sectors [4] - The industrial internet platform EmpoworX provides comprehensive smart factory and data platform solutions, enhancing digital and intelligent transformation [4] - The company is expected to benefit from favorable domestic industrial automation policies, with projected net profits of 250 million, 351 million, and 467 million yuan for 2024-2026 [4] Company Overview - Founded in 1993, the company has transformed into a leader in industrial automation and informatization, with a strong focus on DCS systems and industrial internet platforms [12] - Core businesses include industrial automation and industrial internet/software, accounting for 97.77% of 2023 revenue [14] - Industrial automation revenue in 2023 was 1.081 billion yuan, a 42.24% YoY increase, with a gross margin of 39.73% [14] - Industrial internet and software revenue in 2023 was 295 million yuan, a 7.66% YoY increase, with a gross margin of 38.94% [14] Industrial Automation - The DCS market is expected to grow from 124.0 billion yuan in 2023 to 140.3 billion yuan in 2025, driven by new quality productivity policies, equipment replacement cycles, and domestic substitution [34] - The NT6000 DCS system has a control cycle of 5ms and an operation response cycle of less than 700ms, significantly better than the industry standard of 2.5s [57] - The NT6000 system has been widely applied in thousands of power plants, covering a range from tens of megawatts to million-megawatt units [60] Industrial Internet - The EmpoworX platform provides over 200 device models, 100+ algorithms, 100+ industrial apps, and 10+ SaaS solutions, enabling digital transformation across various industrial scenarios [66] - EmpoworX has been recognized in the "Top 50 Specialized Industrial Internet" list for three consecutive years, rising to 8th place in 2024 [77] - The platform has been applied in sectors such as thermal power, chemical, and metallurgy, with significant projects in smart factories and data platforms [69] Financial Performance - Revenue in 2023 was 1.407 billion yuan, a 21.9% YoY increase, with a gross margin of 39.2%, up 7.7 percentage points [27] - Net profit in 2023 was 161 million yuan, a significant turnaround from a loss of 434 million yuan in 2022 [27] - Contract liabilities in 2023 reached 622 million yuan, a 12% YoY increase, reflecting strong order growth [28]

Financial Performance - Total revenue for the first half of 2024 reached ¥805.11 million, an increase of 16.24% compared to ¥692.65 million in the same period last year[4] - Operating profit surged to ¥122.23 million, representing a remarkable growth of 189.03% from ¥42.29 million year-on-year[4] - Net profit attributable to shareholders was ¥110.33 million, up 153.55% from ¥43.51 million in the previous year[4] - The basic earnings per share increased to ¥0.4597, reflecting a growth of 153.56% compared to ¥0.1813 in the same period last year[4] Assets and Equity - Total assets at the end of the reporting period amounted to ¥3,416.74 million, a 6.09% increase from ¥3,220.54 million at the beginning of the period[4] - Shareholders' equity attributable to the parent company rose to ¥2,086.01 million, marking a 6.06% increase from ¥1,966.75 million[4] Expenses and Forecast - The company confirmed share-based payment expenses of ¥8.29 million for the year-to-date, with no such expenses in the same period last year[5] - There were no discrepancies between the reported performance and the previously disclosed earnings forecast[7] - Investors are advised to exercise caution as the financial data is preliminary and subject to change in the final report[8] Market Demand - The company benefited from sustained high demand in certain downstream industries, leading to a good growth trend in new orders and contract deliveries[6]

特此公告。 董事会 证券代码：002380 证券简称：科远智慧 公告编号：2024-019 | --- | --- | --- | |----------------|------------------------------------------|------------------------| | 项 目 | 本报告期 | 上年同期 | | 归属于上市公司 | 盈利： 9,000 万元 – 11,000 万元 | | | 股东的净利润 | 比上年同期增长： 106.83% - 152.79% | 盈利： 4,351.49 万元 | | 扣除非经常性损 | 盈利： 8,000 万元 – 10,000 万元 | | | 益后的净利润 | 比上年同期增长： 129.14% - 186.42% | 盈利： 3,491.33 万元 | | 基本每股收益 | 盈利： 0.38 元 / 股 – 0.46 元 / 股 | 盈利： 0.18 元 / 股 | 本次业绩预告未经会计师事务所审计。 报告期内，受益于下游部分行业持续高景气度的影响，公司新签订单以及合同 交付继续保持较好增长态势。 南京科远智慧科技集团股份有限 ...

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].

本次电话会议仅服务于德邦证券研究所客户不构成投资建议相关人员应自主作出投资决策并自行承担投资风险德邦证券不对因使用本次内容所导致的任何损失承担任何责任 请不吝点赞 订阅 转发 打赏支持明镜与点点栏目 好的各位领导早上好我是德邦计算机的研究员梁玲然后欢迎大家参加我们电力市场化系列会议的第第八场科研智慧的交流然后我们也是很荣幸请到了董秘赵总出席我们的会议那科研是比较专注于在火电的火电这一块然后今年火电的更新 现在的订单也比较高景气那首先就先请赵总为我们介绍一下公司今年以来的一些进展以及就是整个电改包括上周发的这个节能降碳的这个文件然后对我们业务会带来一些什么样子的影响谢谢赵总 啊好的好的那个那个这样吧那个我今天稍微还有一点那个一点小事那个我让我们的正代啊先把公司的基本情况介绍一下然后呢我后面来介绍一下目前一些政策对我们一些影响好不好哎好的好的好的我们的正代理开通一下那个他的一个翻译啊好可以听到吗 我想给各位介绍一下公司的基本情况柯文哲是成立于1993年的我们2010年在深交所上市公司主要从事的业务是工业自动化和信息化主要服务的下游是一些流程工业比如说能源电力然后石油化工钢铁冶金水泥建材以及军工那么从2023年的这 ...

免责声明本次电话会议仅服务于德邦证券研究所客户不构成投资建议相关人员应自主作出投资决策并自行承担投资风险德邦证券不对因使用本次内容所导致的任何损失承担任何责任 任何形式复制刊载转载转发引用本次会议内容否则由此造成的一切后果及法律责任由该机构或个人承担本公司保留追究其法律责任的权利市场有风险投资需谨慎 好的各位领导早上好我是德邦计算机的研究员梁玲然后欢迎大家参加我们电力市场化系列会议的第八场科远智慧的交流然后我们也是很荣幸请到了董秘赵总出席我们的会议科远是比较专注于在火电这一块然后今年火电 更新替代的订单也比较高景气那首先就先请赵总为我们介绍一下公司今年以来的一些进展以及就是整个电改包括包括上周发的这个节能教探的这个文件然后对我们业务会带来一些什么样子的影响谢谢赵总 好的好的那个这样吧我今天稍微还有一点小事我让我们的政代先把公司的基本情况介绍一下然后我后面来介绍一下目前一些政策对我们的一些影响好不好好的好的好的我们的政代你开通一下他的翻译可以听到吗 您声音高一点 情况来看我们大概55%的订单来自于能源电力板块这个占比的话在今年还有一定程度的上升那么28%是来源于石油化工板块10%是来源于高铁冶金板块3%左右是来 ...

[Table_Title] 证券研究报告 / 公司动态报告 [Table_Market] 股票数据 2024/05/30 6 个月目标价（元） 收盘价（元） 18.57 12 个月股价区间（元） 10.30~25.46 总市值（百万元） 4,456.64 总股本（百万股） 240 A 股（百万股） 240 B 股/H 股（百万股） 0/0 日均成交量（百万股） 3 [Table_Summary] 火电 DCS 领军者，早于 2010 年开始国产化工作。公司为国内领先的工 业自动化与信息化产品及解决方案供应商，业务领域主要围绕工业互联 网平台架构而展开，核心产品为边缘层的 DCS 和 PLC。公司早在 2010 开启火电 DCS 自主可控研发工作，2019 年完成控制软件和开发平台全 面国产化，在可靠性和易用性方面达到国内外先进水平。 2023年斩获多个百万机组、9H 燃机等大型机组控制系统国产替代项目。 2023 年，公司厚积之下能源大机组业绩势如破竹，斩获浙能六横、国信 滨海、粤电大埔、云能投红河、枣矿红墩界、盘江普定、湖北能源鄂州 等数十台大型火力发电机组，以及深圳能源东部电厂、妈湾电厂等 9H 燃机项目 ...

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 ...