Investment Rating - The report maintains an "Accumulate" rating for the company with a target price of 22.01 CNY, unchanged from the previous forecast [2][4]. Core Insights - The company's performance meets expectations, with continuous improvement in profitability and an optimized revenue structure [2][4]. - The company achieved total operating revenue of 42.42 billion CNY in 2023, representing a year-on-year growth of 23.32% [2][4]. - The net profit attributable to shareholders reached 3.48 billion CNY, with a year-on-year increase of 25.48% [2][4]. - The growth in the company's high-margin business lines is contributing to an overall increase in gross profit margin [2][4]. Financial Summary - The company's earnings per share (EPS) forecasts for 2024-2026 are 0.96 CNY, 1.17 CNY, and 1.40 CNY respectively [2][4]. - The operating profit margin is projected to improve from 8.1% in 2023 to 10.3% by 2025 [4]. - The return on equity (ROE) is expected to rise from 13.7% in 2023 to 15.7% in 2025 [4]. - The company plans to raise 1.13 billion CNY through convertible bonds to support its growth initiatives [2][4]. Revenue and Profitability Trends - The revenue growth rate is projected to stabilize around 12.9% to 12.6% from 2024 to 2026 [4]. - The EBIT growth rate is expected to be 22.4% in 2024 and 23.7% in 2025, indicating strong operational performance [4]. - The net profit margin is anticipated to improve gradually, reflecting the company's focus on high-margin services [4].

Investment Rating - The report maintains a "Buy" rating for the company, expecting a price increase of over 15% in the next 6-12 months [41]. Core Insights - The company achieved a revenue of 4.24 billion RMB in 2023, representing a year-on-year growth of 15.5%, and a net profit attributable to shareholders of 348 million RMB, up 25.5% year-on-year [10][41]. - The company's IT service revenue reached 2.79 billion RMB, growing by 20.2% year-on-year, accounting for 65.8% of total revenue, with an improved gross margin of 23.4% [7][41]. - The company is focusing on optimizing its business structure and expanding its software product lines, which saw a revenue increase of 24.5% year-on-year [7][41]. Summary by Sections Financial Performance - In Q4 2023, the company reported a revenue of 1.12 billion RMB, a 15.8% increase year-on-year, and a net profit of 90 million RMB, up 17.8% year-on-year [1]. - The company’s revenue projections for 2024-2026 are 4.77 billion RMB, 5.38 billion RMB, and 6.09 billion RMB, with expected growth rates of 12.5%, 12.8%, and 13.2% respectively [41]. Business Segments - The company’s software products and solutions generated 940 million RMB in revenue, marking a 24.5% increase, the highest among all product lines [7]. - Revenue from small and medium banks and non-bank financial institutions reached 380 million RMB and 300 million RMB, growing by 27.4% and 24.5% respectively [7]. Valuation Metrics - The company’s P/E ratio is projected to decrease from 23.59 in 2023 to 9.89 by 2026, indicating an attractive valuation [10][41]. - The return on equity (ROE) is expected to improve from 13.65% in 2023 to 16.86% in 2026 [10][41].

Profit Distribution and Financial Performance - The profit distribution plan approved by the board is to distribute a cash dividend of 1.70 RMB (including tax) for every 10 shares based on a total of 441,277,573 shares, with no bonus shares issued[4]. - The company's operating revenue for 2023 reached ¥4,242,011,130.87, representing a 15.48% increase compared to ¥3,673,284,013.26 in 2022[20]. - Net profit attributable to shareholders was ¥347,627,140.82, a 25.44% increase from ¥277,038,160.95 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥328,763,099.69, reflecting a 30.42% increase from ¥251,996,956.54 in 2022[20]. - The basic earnings per share rose to ¥0.79, up 25.40% from ¥0.63 in 2022[20]. - The total assets increased by 13.52% to ¥3,072,875,390.74 from ¥2,701,143,401.96 in 2022[20]. - The company's net cash flow from operating activities was ¥131,025,530.94, a slight decrease of 2.83% compared to ¥134,846,222.42 in 2022[20]. - The net assets attributable to shareholders increased by 14.52% to ¥2,546,110,980.81 from ¥2,223,064,152.00 in 2022[21]. - The company reported a total of ¥18,864,041.13 in non-recurring gains for 2023, down from ¥25,041,204.41 in 2022[27]. - The total distributable profit for the period was CNY 1,191,381,198.90, with cash dividends accounting for 100% of the profit distribution[152]. Business Operations and Market Position - The company has not reported any changes in its main business since its listing, indicating stability in its operations[18]. - The company has a total of six wholly-owned subsidiaries, which may contribute to its operational diversity and market reach[11]. - The company is positioned in the software and information technology services industry, benefiting from strong policy support for digital transformation in the financial sector[31]. - The company is listed on the Shenzhen Stock Exchange, which provides it with access to capital markets for growth and expansion[15]. - The company added 49 new corporate clients in 2023, including 14 small and medium-sized banks and 23 non-bank financial institutions[38]. - Revenue from the banking sector accounted for 87.28% of total revenue, with income from large state-owned and national joint-stock commercial banks growing by 15.49% to CNY 3.27 billion, making up 77.10% of total revenue[50]. - The company’s revenue from the North China region was CNY 1.97 billion, accounting for 46.51% of total revenue, with a year-on-year growth of 12.62%[57]. Research and Development - The company invested CNY 394 million in R&D in 2023, marking a 13.71% increase compared to the previous year[51]. - The company established the Jingbeifang Research Institute in early 2023 to enhance research capabilities in advanced technologies such as AI and blockchain[44]. - The company holds 30 patents and 221 software copyrights as of the end of 2023, with 3 new patents and 38 software copyrights added during the year[44]. - The company is developing a cloud testing management platform, currently in the development stage, aimed at enhancing testing lifecycle management and providing new testing service experiences[70]. - The company aims to enhance its R&D investment in areas such as big data, artificial intelligence, blockchain, and privacy computing to support product optimization and iteration[106]. Governance and Management - The company has established a robust governance structure, ensuring compliance with legal and regulatory requirements while protecting shareholder interests[116]. - The company operates independently from its controlling shareholders in terms of assets, personnel, finance, and business operations, ensuring a complete business system[117]. - The company has a complete and independent financial accounting system, allowing for autonomous financial decision-making and compliance with tax obligations[118]. - The company has established a performance management system that includes operational performance indicators and management indicators for evaluating senior management[136]. - The company has a compensation management system that links performance pay to assessment results, ensuring internal fairness and motivating employees[148]. Strategic Plans and Future Outlook - The company plans to continue its market expansion and product development strategies in the upcoming fiscal year[121]. - The company aims to strengthen its core competitiveness by focusing on product incubation and standardization in response to policy opportunities and technological advancements[44]. - The company is actively pursuing mergers and acquisitions as part of its growth strategy, with ongoing evaluations of potential targets[122]. - The company plans to enhance its R&D investment in areas such as big data, artificial intelligence, blockchain, and privacy computing to support product optimization and iteration[106]. - The company is focusing on expanding its market presence in the leasing sector to address existing gaps and enhance its competitive edge[71]. Financial Management and Fund Utilization - The company has established a fundraising management plan to ensure that raised funds are stored in a designated account and regularly monitored for effective use[186]. - The company aims to accelerate the investment progress of fundraising projects to enhance profitability and achieve expected benefits as soon as possible[186]. - The company plans to improve its overall profitability by enhancing service levels and expanding brand influence[186]. - The company has committed to fulfilling all public commitments made during its initial public offering, ensuring compliance with relevant laws and regulations[188]. - The company has reported a significant impact on its stock issuance due to potential false statements or omissions in its prospectus, which could lead to a mandatory buyback of all newly issued shares[184]. Employee and Talent Management - The total number of employees at the end of the reporting period is 30,626, with 11,899 in the parent company and 18,727 in major subsidiaries[147]. - The professional composition includes 11,385 technical personnel, 140 sales personnel, and 579 administrative personnel[147]. - The company is focusing on attracting high-end talent through competitive compensation, which is expected to lead to long-term benefits despite short-term profit impacts[150]. - The company’s management team is evaluated based on their positions and operational performance, with a combination of long, medium, and short-term incentives in place[161]. - The company has no retired employees requiring financial support, indicating a focus on a younger workforce[147]. Compliance and Risk Management - The company has committed to not occupying its funds or other assets for any reason, ensuring fair and reasonable commercial transactions in related party dealings[182]. - The company has not occupied any funds or assets of the company in the past three years for any reason[181]. - The company has established a scientifically designed and effectively operating internal control system, ensuring the authenticity and completeness of financial information[163]. - The internal control audit report confirmed that the company maintained effective financial reporting internal controls as of December 31, 2023[167]. - The company emphasizes the protection of shareholder rights by ensuring fair treatment and transparent information disclosure[171].

2023 年度监事会工作报告 京北方信息技术股份有限公司（以下简称"公司"）监事会在 2023 年度严格按照 《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》 （以下简称"《证券法》"）、《深圳证券交易所股票上市规则》、《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》等法律法规、规范性文件 以及公司章程、《监事会议事规则》等公司制度的有关规定，以切实维护公司利益和 股东权益为原则，勤勉履行、独立行使监事会的监督职责、职权，积极有效地开展工 作，为公司规范运作、完善和提升治理水平发挥了积极作用。现将 2023 年度监事会 工作情况报告如下： 一、监事会的主要工作情况 报告期内，公司依法合规，顺利完成监事会换届工作。公司第三届监事会的任期 在 2023 年届满，为保障公司法人治理结构的平稳有序，依照《公司法》、《股票上 市规则》、《公司章程》等规定，公司于 2023 年 12 月 12 日、2023 年 12 月 28 日分 别召开第三届监事会第十六次会议和 2023 年第三次临时股东大会，审议通过了监事 会换届选举的相关议案，选举了第四届监事会非职工代表监事 ...

证券代码：002987 证券简称：京北方 公告编号：2024-013 京北方信息技术股份有限公司 关于使用闲置募集资金和闲置自有资金 进行现金管理的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1. 投资种类：募集资金投资品种为安全性高、流动性好、有保本约定、投 资期限最长不超过 12 个月的产品。自有资金投资品种为中低风险、安全性高、 流动性好、投资期限最长不超过 12 个月的产品。 2. 投资金额：不超过 1.5 亿元募集资金及不超过 10 亿元自有资金 一、募集资金基本情况 经中国证券监督管理委员会《关于核准京北方信息技术股份有限公司首次公 开发行股票的批复》（证监许可[2020]350 号）核准，并经深圳证券交易所同意， 公司首次公开发行人民币普通股 4,017 万股，每股发行价格 23.04 元。本次发行 募集资金总额人民币 925,516,800.00 元，扣除各项发行费用（不含税） 59,966,700.36 元，实际募集资金净额为人民币 865,550,099.64 元。上述募集资金 已于 2020 年 4 月 29 日 ...

京北方信息技术股份有限公司 2023 年度独立董事述职报告 京北方信息技术股份有限公司独立董事 2023 年度述职报告 各位股东： 本人郜卓作为京北方信息技术股份有限公司（以下简称"公司"）的独立董事， 严格按照《中华人民共和国公司法》、《上市公司独立董事管理办法》、《深圳 证券交易所股票上市规则》、《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》等有关法律法规、规范性文件和《公司章程》、《独立 董事工作制度》的规定及要求，勤勉尽责、恪尽职守地履行独立董事职责，积极 参与公司治理和决策活动，出席相关会议，认真审议各项议案，对相关事项发表 独立意见，充分发挥了独立董事的监督职能，维护了公司整体利益以及全体股东 特别是中小股东的合法权益，对公司规范、稳定、健康地发展起到了积极的作用。 现将本人 2023 年度履职情况简要汇报如下： 一、 独立董事基本情况 本人郜卓，会计博士学位，持有高级会计师职称。历任太原汽车制造厂技术 员、山西省财政税务专科学校教师、中国成套设备进出口（集团）总公司股改办 副主任、中成进出口股份有限公司副总经理、中弘卓业集团有限公司总裁。现任 株洲旗滨集团股份有限公司 ...

京 北 方 信息 技 术股 份 有 限公 司 审计报告 天职业字[2024]25320 号 | | | 目 | 录 | | | --- | --- | --- | --- | --- | | 审计报告 | | | | 1 | | 2023 年度财务报表 | | | | 6 | | 2023 | 年度财务报表附注 | | | 18 | 18 审计报告 天职业字[2024]25320 号 审计报告（续） 天职业字[2024]25320 号 京北方信息技术股份有限公司全体股东： 一、审计意见 我们审计了京北方信息技术股份有限公司（以下简称"京北方"）财务报表，包括 2023 年 12 月 31 日的合并及母公司资产负债表，2023 年度的合并及母公司利润表、合并及母公司现 金流量表、合并及母公司股东权益变动表，以及财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制，公允反映了京 北方 2023 年 12 月 31 日的合并及母公司财务状况以及 2023 年度的合并及母公司经营成果和现 金流量。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注册 ...

中国国际金融股份有限公司 关于京北方信息技术股份有限公司使用闲置募集资金 及闲置自有资金进行现金管理的核查意见 中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）作为 京北方信息技术股份有限公司（以下简称"京北方"或"公司"）首次公开发行 股票并上市的持续督导机构，根据《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）》、《深圳证券交易所上市公司自律监管 指引第 1 号——主板上市公司规范运作（2023 年 12 月修订）》等有关规定，对 京北方使用闲置募集资金及闲置自有资金进行现金管理事项进行了审慎核查，并 出具如下核查意见： 一、募集资金基本情况 经中国证券监督管理委员会《关于核准京北方信息技术股份有限公司首次公 开发行股票的批复》（证监许可[2020]350 号）核准，并经深圳证券交易所同意， 公司首次公开发行人民币普通股 4,017 万股，每股发行价格 23.04 元。本次发行 募集资金总额人民币 925,516,800.00 元，扣除各项发行费用（不含税） 59,966,700.36 元，实际募集资金净额为人民币 865,550,099.64 元。上 ...

证券代码：002987 证券简称：京北方 公告编号：2024- 012 关于2023年度募集资金存放与使用情况专项报告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 一、募集资金基本情况 （一）实际募集资金金额、资金到账时间 经中国证券监督管理委员会《关于核准京北方信息技术股份有限公司首次公 开发行股票的批复》（证监许可[2020]350 号）核准，并经深圳证券交易所同意， 公司首次公开发行人民币普通股 4,017 万股，每股发行价格 23.04 元。本次发行 募集资金总额人民币 925,516,800.00 元，扣除各项发行费用（不含税） 59,966,700.36 元，实际募集资金净额为人民币 865,550,099.64 元。上述募集资金 已于 2020 年 4 月 29 日全部到位，由天职国际会计师事务所（特殊普通合伙）验 证并出具了验资报告（天职业字[2020]24469 号）。公司对募集资金进行了专户 存储，并与保荐机构、募集资金存放银行签订了《募集资金三方监管协议》。 （二）本年度募集资金使用和结余情况 | 项目 | | | 金额（人民币元） ...

一、 重要声明 京北方信息技术股份有限公司全体股东： 根据《企业内部控制基本规范》、《企业内部控制评价指引》规定以及《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》等相关 法律法规、规范性文件要求（以下简称"企业内部控制规范体系"），结合京北 方信息技术股份有限公司（以下简称"公司"或"本公司"）《内部控制评价管 理制度》、评价方法及实际管理情况，在内部控制日常监督和专项监督的基础上， 我们对公司 2023 年 12 月 31 日（内部控制评价报告基准日）的内部控制有效性 进行了评价。 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其 有效性，并如实披露内部控制评价报告是公司董事会的责任。监事会对董事会建 立和实施内部控制进行监督。管理层负责组织领导企业内部控制的日常运行。公 司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存在任何虚假 记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个 别及连带法律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及 相关信息真实完整，提高经营效率和效果，促进实现发展战略。由于内 ...