普天科技（002544.SZ） 2024 年 04 月 26 日 -60% -40% -20% 0% 20% 40% 2023-04 2023-08 2023-12 2024-04 普天科技 沪深300 公司信息更新报告 | --- | --- | --- | --- | |----------|--------|-----------------|--------------------------------------------| | | 评级 | | 说明 | | | 买入（ | Buy ） | 预计相对强于市场表现 20% 以上； | | 证券评级 | 增持（ | outperform ） | 预计相对强于市场表现 5% ～ 20% ； | | | 中性（ | Neutral ） | 预计相对市场表现在－ 5% ～＋ 5% 之间波动； | | | 减持（ | underperform ） | 预计相对弱于市场表现 5% 以下。 | | | 看好（ | overweight ） | 预计行业超越整体市场表现； | | 行业评级 | 中性（ | Neutral ） | 预计行业与整体市场表现基本持平； ...

Investment Rating - The report maintains an "Add-B" rating for the company, with a target price of 24.81 yuan [14][21]. Core Views - The company has faced pressure on its three main business segments due to intensified competition and weak demand, leading to a significant decline in revenue and net profit in 2023 [14][21]. - The company is actively pursuing the development of satellite internet and low-altitude economy, accelerating the research and development of key technologies and supporting products [14][21]. Financial Performance Summary - **Revenue Forecast**: The company is expected to generate revenues of 6.638 billion yuan in 2024, 7.733 billion yuan in 2025, and 8.684 billion yuan in 2026, reflecting year-on-year growth rates of 21.5%, 16.5%, and 12.3% respectively [21]. - **Net Profit Forecast**: The projected net profit for 2024 is 200 million yuan, increasing to 249 million yuan in 2025 and 303 million yuan in 2026, with year-on-year growth rates of 462.1%, 24.3%, and 21.8% respectively [21]. - **Earnings Per Share (EPS)**: EPS is forecasted to be 0.29 yuan in 2024, 0.36 yuan in 2025, and 0.44 yuan in 2026 [21]. - **Price-to-Earnings (P/E) Ratio**: The P/E ratio is expected to decrease from 84.6 in 2024 to 55.9 in 2026, indicating a potential improvement in valuation [21]. Business Segment Performance - **Public Network Communication**: In 2023, this segment generated revenue of 1.492 billion yuan, remaining stable compared to the previous year, but with a gross margin decline of 3.92 percentage points due to increased competition and rising operational costs [14]. - **Private Network Communication and Smart Applications**: This segment also saw a significant drop in revenue and net profit, primarily due to tight customer funding and delays in project bidding [14]. - **Intelligent Manufacturing**: Revenue decreased to 1.2 billion yuan, with a gross margin decline attributed to weak demand and increased competition in the market [14]. Strategic Initiatives - The company has signed a strategic cooperation agreement with Xi'an University of Electronic Science and Technology to establish a key laboratory for integrated air-space-ground communication networks, aiming to enhance its capabilities in satellite internet and low-altitude economy [14][21].

证券代码：002544 证券简称：普天科技 公告编号：2024-028 中电科普天科技股份有限公司 关于召开2023年度股东大会的通知 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。 一、召开会议的基本情况 1、股东大会届次：2023年度股东大会 2、会议召集人：公司董事会。 中电科普天科技股份有限公司（简称"公司"或"本公司"）第六届董事会第 二十五次会议、第六届监事会第二十一次会议于2024年4月23日召开，会议决定 于2024年5月17日（星期五）下午14:00在广州市海珠区新港中路381号公司大楼 1510会议室召开公司2023年度股东大会，现将本次股东大会的有关事项通知如下： 3、会议召开的合法、合规性：经公司第六届董事会第二十五次会议审议通 过，决定召开2023年度股东大会，召开程序符合有关法律、行政法规、部门规章、 规范性文件和公司章程的规定。 4．会议召开的日期、时间： （1）现场会议时间：2024年5月17日（星期五）下午14:00。 （2）网络投票时间： 1）通过深圳证券交易所交易系统进行网络投票的时间为：2024年5月17日的 交易时间， ...

北京市嘉源律师事务所 关于中电科普天科技股份有限公司 A 股限制性股票长期激励计划回购注销部分 限制性股票相关事宜的法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国 · 北京 二〇二四年四月 電源 Enter S Fi IA YUAN LAW OFFICES 北京 BEIJING · 上海 SHANGHAI · 深圳 SHENZHEN · 香港 HONG KONG · 广州 GUANGZHOU · 西安 XI'AN 致:中电科普天科技股份有限公司 北京市嘉源律师事务所 关于中电科普天科技股份有限公司 A 股限制性股票长期激励计划回购注销部分限制性股票相关事 宜的法律意见书 嘉源(2024) -05-111 敬启者: 根据中电科普天科技股份有限公司(以下简称"公司"或"普天科技")与 北京市嘉源律师事务所(以下简称"本所")签订的《专项法律顾问协议》,公 司聘请本所作为其特聘专项法律顾问,并获授权为公司A股限制性股票长期激励 计划(以下简称"本激励计划")提供与中国法律法规相关的法律服务,包括但 不限于出具本法律意见书。 本法律意见书依据《中华人民共和国公司法》（以下简称"《公司法》"） 《中华 ...

证券代码：002544 证券简称：普天科技 公告编号：2024-018 《2023 年度监事会工作报告》详见巨潮资讯网（www.cninfo.com.cn）。 表决结果：同意7票，反对0票，弃权0票。 2、 审议通过了《关于公司 2023 年度报告及其摘要的议案》，并同意将该 议案提交公司 2023 年度股东大会审议。 1 中电科普天科技股份有限公司 第六届监事会第二十一次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 中电科普天科技股份有限公司（简称"本公司"或"公司"）第六届监事会 第二十一次会议于2024年4月23日（星期二）下午在公司1510会议室以现场结合 通讯表决方式召开，会议通知和资料于2024年4月12日以专人送达或电子邮件方 式向全体监事发出。本次会议应参与表决监事7名，实际参与表决监事7名（其中 监事会主席秦毅、黄磊、沈宗涛、职工代表监事彭浩、陈瑞生现场出席，监事赵 奥、职工代表监事严谏群以视频网络等方式出席）。本次会议由监事会主席秦毅 主持。本次会议由公司监事会主席秦毅主持。本次会议符合《公司法》等相 ...

独立董事 2023 年度述职报告 （马作武） 本人马作武作为中电科普天科技股份有限公司（以下简称"公司"）第六届 董事会独立董事，报告期内严格按照《公司法》《证券法》《上市公司独立董事管 理办法》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范 运作》等法律、行政法规、规范性文件和《公司章程》的有关规定，在 2023 年 度工作中，独立、负责、诚信、谨慎地履行独立董事职责，积极发挥独立董事作 用，依托专业知识为公司经营决策和规范运作提出意见和建议，认真审议董事会 各项议案，并对相关事项发表意见，维护全体股东特别是广大中小股东的合法利 益。现将 2023 年度本人履行独立董事职责的工作情况报告如下： | 独立董事姓名 | 出席董事会专门委员会次数 | | | | | --- | --- | --- | --- | --- | | | 审计委员会 | 战略委员会 | 提名委员会 | 薪酬与考核委员会 | | 马作武 | 9 | - | 2 | 3 | 一、独立董事的基本情况 本人马作武，生于 1960 年 7 月，先后就读于中国政法大学（1979 年）、武 汉大学（1986 年）、北京大学（19 ...

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,083,091,036.09, a decrease of 11.40% compared to ¥1,222,418,477.63 in the same period last year[6] - Net profit attributable to shareholders was ¥16,110,493.17, down 26.16% from ¥21,817,508.90 year-on-year[6] - The net profit after deducting non-recurring gains and losses was ¥13,846,340.06, a decline of 27.84% compared to ¥19,188,508.79 in the previous year[6] - Basic and diluted earnings per share were both ¥0.0236, reflecting a decrease of 26.25% from ¥0.0320 in the previous year[6] - The company reported a decrease in employee compensation payable to CNY 66,180,504.77 from CNY 71,809,558.12, a decline of 7.3%[29] - The total comprehensive income for the period was ¥10.52 million, compared to ¥22.59 million in the previous period, indicating a decrease of approximately 53.4%[35] - Net profit for the period was ¥12.17 million, compared to ¥22.20 million in the previous period, reflecting a decline of about 45.0%[32] Cash Flow and Liquidity - The net cash flow from operating activities improved by 46.75%, reaching -¥285,175,561.32, compared to -¥535,514,679.37 in the same period last year[6] - The company has a cash balance of approximately ¥1.97 billion as of March 31, 2024, down from ¥2.38 billion at the beginning of the period[23] - Cash inflow from financing activities totaled $102,333,701.83, down from $204,017,781.83 in the previous period, reflecting a significant decrease in financing received[39] - The net cash flow from financing activities was -$84,884,372.40, contrasting with a positive cash flow of $49,472,325.46 in the previous period, indicating a shift in financing strategy[39] - The ending balance of cash and cash equivalents was $1,751,124,617.01, down from $2,213,869,925.94 at the beginning of the period, reflecting a decrease in liquidity[39] - Total cash and cash equivalents decreased by $411,699,800.60, compared to a decrease of $518,896,615.36 in the previous period, indicating a trend of cash depletion[39] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,958,424,204.87, down 2.15% from ¥10,177,524,346.99 at the end of the previous year[6] - Total current liabilities decreased to CNY 6,030,199,875.11 from CNY 6,254,944,394.22, a reduction of 3.6%[29] - Non-current liabilities totaled CNY 77,606,762.47, a decrease from CNY 82,407,814.56, reflecting a drop of 5.0%[29] - The company's total equity increased slightly to CNY 3,850,617,567.29 from CNY 3,840,172,138.21, showing a growth of 0.2%[29] - Shareholders' equity attributable to the parent company increased by 0.39% to ¥3,744,426,453.77 from ¥3,730,057,534.70 at the end of the previous year[6] Development and R&D - The company reported a significant increase in development expenditure by 52.89%, totaling ¥45,327,900.00, due to ongoing R&D investments[14] - The company's development expenditure increased to CNY 45,327,945.16 from CNY 29,647,831.27, a significant rise of 52.7%[26] - Research and development expenses amounted to ¥55.10 million, down from ¥77.03 million, indicating a decrease of approximately 28.5%[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 35,759[18] - The largest shareholder, China Electric Network Communication Group Co., Ltd., holds 27.42% of shares, totaling 187,160,325 shares[18] - The company plans to release 366,399 shares from the second lock-up period of its A-share restricted stock incentive plan, representing 0.0537% of the total share capital[22] - A total of 10,532,583 shares from a non-public offering will be released from lock-up on January 22, 2024, accounting for 1.543% of the total share capital[22] - The top ten shareholders and the top ten unrestricted circulating shareholders did not change due to securities lending activities[21] Government Support and Recognition - The company received government subsidies amounting to ¥2,530,089.31, contributing positively to the financial results[8] - The company has received recognition as a high-tech enterprise again in February 2024[22] Other Financial Metrics - Total operating costs for the period were approximately ¥1,085.54 million, a decrease from ¥1,201.95 million in the previous period, representing a reduction of about 9.7%[32] - The company reported a decrease in sales expenses from ¥69.38 million to ¥56.04 million, a reduction of about 19.2%[32] - The company experienced a significant increase in interest income, rising to ¥10.31 million from ¥5.37 million, an increase of approximately 91.5%[32] - The company recorded a tax expense of ¥531.68 million, down from ¥1,914.35 million, reflecting a decrease of about 72.2%[32] - The company did not undergo an audit for the first quarter report, which may affect stakeholder confidence in financial reporting[39]

中电科普天科技股份有限公司 涉及财务公司关联交易的存 款、贷款等金融业务的 专 项 说 明 大信专审字[2024]第 1-00792 号 大信会计师事务所（特殊普通合伙） WUYIGE CERTIFIED PUBLIC ACCOUNTANTS LLP. 邮编 100083 网址 Internet： www.daxincpa.com.cn 大信会计师事务所 北京市海淀区知春路 1 号 学院国际大厦 22 层 2206 WUYIGE Certified Public Accountants.LLP Room 2206 22/F, Xueyuan International Tower No.1 Zhichun Road, Haidian Dist. Beijing, China, 100083 电话 Telephone：+86（10）82330558 传真 Fax： +86（10）82327668 涉及财务公司关联交易的存款、贷款等金融业务的 专项说明 大信专审字[2024]第 1-00792 号 中电科普天科技股份有限公司全体股东： 我们接受委托，审计了中电科普天科技股份有限公司（以下简称"贵公司"）的财务报 ...

中信证券股份有限公司 关于中电科普天科技股份有限公司 2023 年度募集资金存放与使用情况的专项核查意见 中信证券股份有限公司（以下简称"保荐机构"）作为中电科普天科技股份 有限公司（以下简称"普天科技"或"公司"）非公开发行 A 股股票的保荐机 构，根据《证券发行上市保荐业务管理办法》《上市公司监管指引第 2 号——上 市公司募集资金管理和使用的监管要求（2022 年修订）》《深圳证券交易所股 票上市规则（2023 年 8 月修订）》《深圳证券交易所上市公司自律监管指引第 13 号—保荐业务》等相关规定，就普天科技 2023 年度募集资金存放与使用情况 进行了核查，具体情况如下： 一、募集资金基本情况 （一）募集资金金额及到位时间 经中国证券监督管理委员会《关于核准广州杰赛科技股份有限公司非公开发 行股票的批复》（证监许可[2020]1760号）核准，公司非公开发行普通股（A股） 不超过11,423.14万股新股募集资金。截至2020年12月24日，公司非公开发行普通 股（A股）105,325,838股，发行价格为13.06元/股，募集资金总额人民币137,555.54 万元（以下无特别说明均为"人民币"） ...

WUYIGE CERTIFIED PUBLIC ACCOUNTANTS LLP. 中电科普天科技股份有限公司 募集资金存放与实际使用情况 审 核 报 告 大信专审字[2024]第 1-00791 号 大信会计师事务所（特殊普通合伙） 邮编 100083 网址 Internet： www.daxincpa.com.cn 大信会计师事务所 北京市海淀区知春路 1 号 学院国际大厦 22 层 2206 WUYIGE Certified Public Accountants.LLP Room 2206 22/F, Xueyuan International Tower No.1 Zhichun Road, Haidian Dist. Beijing, China, 100083 电话 Telephone：+86（10）82330558 传真 Fax： +86（10）82327668 募集资金存放与实际使用情况审核报告 大信专审字[2024]第 1-00791 号 中电科普天科技股份有限公司全体股东： 我们接受委托，对后附的中电科普天科技股份有限公司（以下简称"贵公司"）《2023 年度募集资金存放与实际使用情况的专项 ...