证券代码：002439 证券简称：启明星辰 公告编号：2024-048 启明星辰信息技术集团股份有限公司 关于质量回报双提升行动方案的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 启明星辰信息技术集团股份有限公司（以下简称"公司"或"启明星辰"） 为贯彻落实中央政治局会议提出的"要活跃资本市场、提振投资者信心"及国务 院常务会议指出的"要大力提升上市公司质量和投资价值，要采取更加有力有效 措施，着力稳市场、稳信心"的指导思想，结合中国证监会关于市值管理的相关 意见，为维护公司及全体股东利益，持续提升公司管理治理水平，促进公司长远 健康可持续发展，公司制定了"质量回报双提升"行动方案。 一、 聚焦主业，增强核心竞争力 启明星辰是网络安全产业中主力经典产业板块的龙头企业，是新兴前沿产业 板块的引领企业和可持续健康业务模式和健康产业生态的支柱企业。公司持续深 耕信息安全行业，始终以用户的需求为根本动力，将场景化安全思维融入到客户 的实际业务环境中，不断创新实践，帮助客户建立起完善的安全保障体系，逐渐 成为政府、金融、能源、运营商、税务、交通、制造等国内高端企 ...

从外部环境来看那CG3季度从整体市场上来说就从市场需求从加油客户来讲跟二季度差不多就是这种因为现在具体的数据还没出来所以我也还没有看到 我们整个三季度相关的各种财务数据现在都没有但是从比如说市场它的需求从项目释放从招托标等等各个方面来看的话整体上网安这一块和二季度差不多的当然七八月份我们的一些关机客户也是在处于互网期间 客户的主要的工作重点都是围绕着进行对攻击队的这种防护中所以很多的采购包括正常的项目也都要等这个护网平安过去以后才会陆陆继续展开 所以这个二季度 三季度来讲基本上就是平平淡淡 市场上我们并没有说看到和二季度相比特别强的一个转变那当然从九月份大家应该也都有关注到尤其是北绕的新创这一块有一些政策出来 我们各地也都是在跟客户在跟踪整个围绕着进创政策的落地包括资金到位等等包括申报项目这些事情公司在区域里的销售也都在跟客户的参与 那当然这一波的这个新创它的一个规划在区域里主要还是以这种软硬件为主也就是说网安设备就是在这次的整个的集中的动作里头它的占比是比较小的重点还是放在前面软硬件这一块 那按照它国产化期待的节奏通常也都是先做软硬件的大规模替换然后到后面的话再做网安这个国产化产品的采购所以这个是短期的话有 ...

启明星辰信息技术集团股份有限公司 关于公司变更注册资本、法定代表人等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的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 启明星辰信息技术集团股份有限公司（以下简称"公司"）于 2024 年 5 月 6 日召开 2023 年度股东大会，审议通过了《关于变更公司注册资本并修订<公司章 程>的议案》。鉴于公司向特定对象发行股票已发行完毕，以及公司完成了 2022 年限制性股票激励计划部分限制性股票的回购注销工作，公司总股本由 943,699,162 股变更为 1,218,369,376 股，注册资本由 943,699,162 元变更为 1,218,369,376 元；公司于 2024 年 5 月 6 日召开了第六届董事会第一次会议，审 议通过了《关于选举公司董事长的议案》，选举董事魏冰女士为公司第六届董事 会董事长。根据《公司章程》规定，董事长为公司的法定代表人，公司法定代表 人相应由王佳女士变更为魏冰女士。 证券代码：002439 证券简称：启明星辰 公告编号：2024-046 2024 年 9 月 28 日 鉴于上述变化，同时为了进一步提升 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company, with a target price of 18.9 yuan [1]. Core Views - The company reported a revenue of 1.574 billion yuan for the first half of 2024, representing a year-on-year growth of 3.42%. However, it incurred a net loss of 182 million yuan, compared to a profit of 185 million yuan in the same period last year [1]. - The company is rapidly integrating into the mobile ecosystem, focusing on building a large-scale cybersecurity sector, and has received over 100 million yuan in collaborative R&D funding [1]. - The company is enhancing its technological innovation in various fields, including AI security and cloud security, with significant revenue growth in its emerging security business segments, particularly cloud security, which saw over 200% growth year-on-year [1]. Financial Summary - For 2024, the company expects revenues of 5.2 billion yuan, with a growth rate of 15.4%. The net profit is projected to be 773 million yuan, reflecting a growth rate of 4.2% [2]. - The earnings per share (EPS) are forecasted to be 0.63 yuan for 2024, with a price-to-earnings (P/E) ratio of 21 [2]. - The company’s gross margin for the first half of 2024 was 56.51%, a decrease of 3.76 percentage points year-on-year, but improved to 64.59% in Q2, showing a quarter-on-quarter increase of 13.77 percentage points [1].

证券代码：002439 证券简称：启明星辰 公告编号：2024-045 启明星辰信息技术集团股份有限公司 关于公司持股 5%以上股东部分股份补充质押的公告 截至公告披露日，王佳女士及其一致行动人所持质押股份情况如下： | | | | | | | | 已质押股份 | | 未质押股份 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 情况 | | 情况 | | | 股 | | | 本次质押 | 本次质押 | 占其 | 占公 | 已质押 | | | | | 东 | | 持股比 | 前质押股 | 后质押股 | 所持 | 司总 | 股份限 | 占已 | | | | | 持股数量 | | | | | | | | 未质押股份 | 占未质 | | 名 | | 例 | 份数量 | 份数量 | 股份 | 股本 | 售和冻 | 质押 | 限售和冻结 | 押股份 | | 称 | | | （股） | （股） | 比例 | 比例 | 结、标 | 股份 | 数量（股） | 比例 | | | | | | | | | ...

公 司 研 究 证券研究报告 ＃industryId＃ 横向通用软件 ＃investSuggestion＃ | --- | --- | |----------------------------|-------------------------------------| | | | | ＃市场数据 marketData ＃ | | | 市场数据日期 | 2024-09-13 | | 收盘价（元） | 12.50 | | 总股本（百万股） | 1218.37 | | 流通股本（百万股） | 724.17 | | | | | 净资产（百万元） | 11494.17 | | 总资产（百万元） | 13836.86 | | 每股净资产 ( 元 ) | 9.43 ，兴业证券经济与金融研究院整理 | | --- | --- | --- | --- | --- | |----------------------------------------------------------|-------|---------------------|-------|-------| | 主要财务指标 \n＄ 会计年度 zycwz ...

Investment Rating - The report assigns a "Buy" rating to the company, expecting a relative price increase of over 15% within the next 6 to 12 months compared to the benchmark index [304]. Core Views - The company is focusing on deepening value management and comprehensively laying out the BASIC6+X field, which includes new security business segments that are showing significant growth [2][3]. - The company has reported stable revenue growth, with a notable increase in new orders and collaboration with China Mobile, particularly in the emerging security business [2][3]. - The report highlights the company's strategic innovation in research and development, with a significant increase in R&D investment [2][3]. Financial Summary - The company's revenue for 2024 is projected to be 51.94 billion, with a year-on-year growth rate of 15% [2]. - Net profit for 2024 is expected to be 792 million, reflecting a 7% year-on-year growth [2]. - Earnings per share (EPS) is forecasted to be 0.83 for 2024, increasing to 1.28 by 2026 [2][302]. - The company’s gross margin is expected to improve, supported by effective cost management [2]. - The report anticipates total revenue for 2024-2026 to be 87 billion, with net profit projections of 792 million, 984 million, and 1.22 billion respectively [2][302]. Operational Highlights - The company is enhancing its cloud security capabilities and has established a new industrial security capability system [2]. - The report notes a significant increase in the revenue of cloud security and identity trust products, with some segments growing over 200% year-on-year [2]. - The company is also focusing on building a comprehensive data element security system, integrating security with data elements [2]. Market Position - The company is positioned to leverage its collaboration with China Mobile to enhance its network security capabilities and expand its market presence [2][3]. - The report indicates that the company is well-prepared to navigate the competitive landscape of the information security industry [2].

公司近一年市场表现 市场数据：2024 年 9 月 4 日 收入端平稳增长，费用管理持续加强。面对外部环境挑战，公司进一步 加强与中国移动的战略融合，深入实施"BASIC6"计划，同时发力新兴安 全板块，推动公司上半年新增订单保持快速增长。分业务看，2024 上半年公 司安全产品实现收入 11.04 亿元，同比增长 14.13%，安全运营与服务实现收 入 4.58 亿元，同比减少 15.14%，其他业务实现收入 0.12 亿元，同比减少 20.52%。2024 上半年公司毛利率为 56.51%，同比降低 3.76%，但随着公司 持续推进主营业务提质增效，二季度公司毛利率环比提升 13.77%至 64.59%。 同时，得益于公司加强费用管理，上半年销售、管理、研发费用合计同比下 降 2.69%，销售、管理、研发费用率合计较去年同期下降 4.40 个百分点。2024 上半年公司净利率为-11.84%，同比下降 23.79%，主要是因为公司参股的上 市企业航天软件和永信至诚股价波动导致上半年投资收益和公允价值变动 收益较去年同期下降。 收盘价（元）： 12.82 年内最高/最低（元）： 28.76/12.51 流通 ...

Investment Rating - The investment rating for the company Qimingxingchen (002439.SZ) is not explicitly stated in the provided documents, but the report indicates a focus on potential growth and strategic partnerships, suggesting a positive outlook for future performance [1]. Core Viewpoints - The company reported a revenue of 1.574 billion yuan in the first half of 2024, a year-on-year increase of 3.42%, but experienced a net loss attributable to shareholders of 182 million yuan, a shift from profit to loss compared to the previous year [1]. - The gross profit margin improved by 13.77 percentage points to 64.59% in the second quarter, indicating a recovery in profitability despite the overall loss [1]. - The company is focusing on the emerging security sector, with significant growth in cloud security and identity trust products, which saw revenue growth exceeding 150% year-on-year [1]. - The company is enhancing its collaboration with China Mobile, which became the actual controlling shareholder in January 2024, and is implementing a strategic plan to develop AI and security integration [1]. Financial Performance Summary - In the first half of 2024, the company achieved a revenue of 1.574 billion yuan, with a gross profit margin of 56.51%, down 3.76 percentage points year-on-year [1]. - The company’s total revenue is projected to grow from 4.785 billion yuan in 2024 to 6.148 billion yuan in 2026, with year-on-year growth rates of 6.2%, 11.2%, and 15.6% respectively [3]. - The net profit attributable to shareholders is expected to recover from a loss of 543 million yuan in 2024 to a profit of 977 million yuan by 2026, with a significant year-on-year growth of 43.5% in 2025 [3]. - The company’s EPS is projected to be 0.45 yuan in 2024, increasing to 0.80 yuan by 2026, with corresponding P/E ratios of 28.78, 20.05, and 15.99 [2][3]. Strategic Initiatives - The company is actively pursuing the development of AI-integrated security solutions, having launched the "Jiutian·Taihe Security Model" and related applications to enhance security operations and threat detection capabilities [1]. - The focus on new security sectors, particularly in collaboration with China Mobile, is expected to drive future growth and improve financial performance [2].

公司报告 | 半年报点评 经营质量进一步改善，与移动协同收入有望持续高增 启明星辰（002439） 证券研究报告 2024 年 09 月 04 日 投资评级 行业 计算机/软件开发 6 个月评级 买入（维持评级） 当前价格 12.89 元 目标价格 元 1、上半年收入稳健增长，净利润承压 24H1：24 年上半年公司实现营收 15.74 亿元，同比增长 3.42%；实现归母 净利润-1.82 亿元，同比降低 198.60%；扣非后归母净利润-1.00 亿元，同比 降低 24.36%。 24Q2：单 Q2 季度公司实现营收 6.51 亿元，同比降低 11.30%；实现归母净 利润-0.69 亿元，同比降低 127.57%；扣非后归母净利润-0.52 亿元，同比降 低 375.92%。 2、加强费用与回款管理，毛利率环比大幅提升 公司 Q2 实现毛利率 64.59%，环比提升 13.77 个 pct，与中国移动的协同收 入继续保持高速增长。公司进一步加强费用管理，上半年三费合计同比下 降 2.69%；进一步加强回款管理，上半年回款同比增长 13.69%，应收账款 余额较期初继续下降，且资金保有量充足，我们认为有利 ...