证券代码：300002 证券简称：神州泰岳 公告编号：2025-002 北京神州泰岳软件股份有限公司 关于持股5%以上股东、副董事长减持计划实施完成的公告 公司股东李力先生保证向本公司提供的信息内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 北京神州泰岳软件股份有限公司（以下简称"公司"）于 2024 年 11 月 21 日 在指定信息披露媒体巨潮资讯网（http://www.cninfo.com.cn）上披露了《关于持 股 5%以上股东、副董事长减持股份的预披露公告》（公告编号：2024-049）。计 划自公告发布之日起 15 个交易日后的 3 个月内以集中竞价交易或大宗交易方式 减持公司部分股份，合计减持数量不超过 39,251,299 股。 近日，公司收到持股 5%以上股东、副董事长李力先生出具的《关于股份减 持情况的告知函》，李力先生通过集中竞价交易和大宗交易方式合计减持公司股 份 39,150,000 股。 1.上述股东本次减持计划符合《公司法》《证券法》《上市公司股东减持股 份管理暂行办法》《深圳证券交易所上市公司自 ...

证券代码：300002 证券简称：神州泰岳 公告编号：2024-050 北京神州泰岳软件股份有限公司 第八届董事会第二十六次会议决议公告 表决结果：同意6票，反对0票，弃权0票。 北京神州泰岳软件股份有限公司（以下简称"公司"）第八届董事会第二十六 次会议于2024年12月30日在公司会议室以现场结合通讯的方式召开，会议通知于 2024年12月27日以邮件方式送达。应参加董事6人，实际参加董事6人，部分高级 管理人员列席了本次会议，本次会议的召开符合法律、行政法规、部门规章和公 司章程的有关规定。会议由公司董事长冒大卫先生主持，与会董事认真审议，形 成如下决议： 一、 审议通过《关于制订<市值管理制度>的议案》 为加强公司的市值管理工作，进一步规范公司的市值管理行为，维护公司及 广大投资者合法权益，根据《中华人民共和国公司法》《中华人民共和国证券法》 《国务院关于加强监管防范风险推动资本市场高质量发展的若干意见》《上市公 司监管指引第10号—市值管理》《深圳证券交易所创业板股票上市规则》《深圳 证券交易所上市公司自律监管指引第2号—创业板上市公司规范运作》等相关法 律、行政法规、部门规章、规范性文件及《公司章 ...

Group 1 - The core point of the article is that Shenzhou Taiyue's Ultra-AIS 1.0 has successfully passed the "Security Large Model Basic Network Security Capability" assessment by the China Academy of Information and Communications Technology, indicating recognition of the company's deep application of AI technology in the cybersecurity field [1] Group 2 - The successful assessment highlights Shenzhou Taiyue's advancements and credibility in the cybersecurity industry [1] - This achievement may enhance the company's competitive position and attract potential clients looking for AI-driven cybersecurity solutions [1] - The recognition from a reputable institution like the China Academy of Information and Communications Technology underscores the importance of AI in modern cybersecurity practices [1]

Company and Industry Summary Company Overview - The company has demonstrated stable operations over the past few years, with a net profit exceeding 1 billion yuan in the third quarter of the current year, marking its first time achieving this milestone within the year [1] - The company has been focusing on long-term operations, which has significantly contributed to its profits and cash flow [1] Financial Performance - The net profit for the third quarter is close to the total annual net profit from the previous year, indicating strong financial performance [1] - The company has undertaken asset impairment measures and has recovered some funds through litigation, which has positively impacted recent earnings [2] Business Segments Gaming Business - The gaming segment has maintained stable cash flow, with significant updates made to the games in the third quarter [2] - Two new games, PL and LOA, are set to launch in December, both utilizing SLG (Simulation and Strategy Game) mechanics, with positive expectations for their performance [3] - The gaming business is expected to see a peak in revenue collection in December, which is traditionally the busiest month for cash flow [3] AI Applications - The company has integrated AI technology into its operations, particularly in debt collection, which has shown significant revenue growth compared to the previous year [7] - AI applications are being developed to enhance existing products and create standardized offerings for clients [8] Game Development and Strategy - The new games are expected to have a long ramp-up period, with historical data suggesting a five-year timeline to reach significant revenue milestones [9][10] - The company is focusing on continuous content updates and player feedback to enhance game quality and engagement [10] - The company is exploring non-SLG game types while maintaining a strong focus on SLG games, leveraging successful elements from existing titles [12][13] Market Outlook - The company does not foresee significant impacts from macroeconomic changes in the U.S. on its operations, based on historical performance [10] - The gaming segment's net profit margin has improved, exceeding 30% in the first half of the year due to reduced marketing expenses [16] - The company plans to maintain a stable revenue stream from existing games while monitoring the performance of new releases [25] Future Plans - The company is optimistic about the performance of its new games and aims to sustain revenue growth from established titles [25] - There are plans for potential personnel expansion in the gaming segment due to positive business trends [21] - The company will continue to focus on its core gaming business while exploring opportunities in AI and cloud services [22] Conclusion - The company is well-positioned for future growth with a strong focus on game development, AI integration, and maintaining stable financial performance. The upcoming game launches and ongoing updates to existing titles are critical to sustaining revenue and profit levels in the coming year [25][26]

特别提示： 证券代码：300002 证券简称：神州泰岳 公告编号：2024-049 北京神州泰岳软件股份有限公司 关于持股5%以上股东、副董事长减持股份的预披露公告 公司股东、副董事长李力先生保证向本公司提供的信息内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 北京神州泰岳软件股份有限公司（以下简称"公司"）第一大股东、副董事长 李力先生持有公司股份 172,191,092 股（占公司总股本比例 8.77%），计划自本 公告发布之日起 15 个交易日后的 3 个月内以集中竞价交易或大宗交易方式减持 公司部分股份，合计减持数量不超过 39,251,299 股（占公司总股本比例 2.00%）。 一、股东的基本情况 第一大股东、副董事长李力先生持有公司股份 172,191,092 股，占公司总股 本比例 8.77%。 二、本次减持计划的主要内容 1、减持原因：个人资金需求。 2、股份来源：首发前股份孳生股份、资本公积金转增股本取得的股份，集 中竞价交易取得的股份。 3、拟减持方式、数量及比例： 李力先生计划以集中竞价交易或大宗交易方式 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a 6-month target price of 14.52 CNY [4] Core Views - The company's Q3 2024 revenue reached 1.46 billion CNY, a 5% YoY increase, while net profit attributable to the parent company surged 191% YoY to 460 million CNY [1] - The company plans to launch two new "SLG + simulation" games overseas by the end of 2024, which are expected to drive growth starting in 2025 [1] - The software and IT services business grew 30% YoY in H1 2024, with Q4 expected to be the peak season for revenue recognition [2] Financial Performance - Q3 2024 gross margin declined 2.13 ppts YoY to 61.2%, while sales expenses decreased 48% YoY [1] - Operating cash flow in Q3 2024 increased 188% YoY and 79% QoQ [1] - The company's 2024-2026 forecasted net profit was revised upward to 1.37/1.46/1.73 billion CNY, representing YoY growth of 54%/7%/18% [2] Game Business - Core game "Age of Origins" ranked 7th, 9th, and 7th in China's overseas mobile game revenue chart from July to September 2024 [1] - In the US iOS market, "Age of Origins" maintained a median ranking of 19th in Q3 2024, slightly down from 16th in Q2 2024 [1] Valuation Metrics - The company's 2024-2026 forecasted P/E ratios are 21x, 20x, and 16x, respectively [2] - The 2024-2026 forecasted P/B ratios are 4.10x, 3.47x, and 2.93x, respectively [3] Industry Outlook - The company operates in the media/gaming industry, with a focus on overseas SLG (strategy) games [4] - The report highlights the importance of monitoring the company's new game launch and marketing strategies in the coming quarters [2]

Investment Rating - The report maintains a "Recommended" investment rating for the company [1]. Core Views - The company has launched two new products, which are in line with expectations, and the basic profit is steadily released, with attention to future developments [1]. - The company achieved a revenue of 1.46 billion yuan in Q3 2024, representing a year-over-year increase of 5% and a quarter-over-quarter decrease of 7% [1]. - The gross profit for the quarter was 890 million yuan, with a net profit attributable to shareholders of 1.09 billion yuan, reflecting a year-over-year increase of 94% [1]. - The company is expected to maintain stable profitability, with two new SLG products anticipated to launch by the end of the year, which could drive revenue and profit growth [1]. Financial Summary - Revenue projections have been adjusted to 6.5 billion yuan for 2024, 7.4 billion yuan for 2025, and 8.3 billion yuan for 2026, with corresponding net profit estimates of 1.43 billion yuan, 1.45 billion yuan, and 1.7 billion yuan respectively [1][3]. - The company’s earnings per share (EPS) is projected to be 0.73 yuan in 2024, 0.74 yuan in 2025, and 0.86 yuan in 2026 [3]. - The report indicates a stable financial outlook with a projected net profit growth rate of 61% in 2024 and 2% in 2025 [3].

Investment Rating - The investment rating for the company is "Buy" [1][7][10] Core Views - The company reported a revenue of 4.514 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 11.42%, with a net profit attributable to shareholders of 1.094 billion yuan, up 94.33% year-on-year [5][6] - The company plans to launch two new games overseas by the end of the year, which are expected to contribute to revenue growth [7][8] - The sales expense ratio has decreased, indicating improved cost management, while the company maintains a stable R&D expense ratio [6][8] Financial Summary - The company achieved a revenue of 5,962.24 million yuan in 2023, with projections of 6,874.80 million yuan for 2024, 7,783.56 million yuan for 2025, and 8,628.35 million yuan for 2026 [4][8] - The net profit attributable to shareholders is expected to reach 1,202.25 million yuan in 2024, 1,342.33 million yuan in 2025, and 1,461.92 million yuan in 2026 [4][8] - Earnings per share (EPS) are projected to be 0.61 yuan in 2024, 0.68 yuan in 2025, and 0.74 yuan in 2026, with corresponding price-to-earnings (PE) ratios of 21.07, 18.88, and 17.33 respectively [7][8]

Investment Rating - The investment rating for the company is "Outperform the Market" and is maintained [1] Core Views - The company has shown impressive performance in the first three quarters of 2024, with revenue reaching 4.514 billion yuan, a year-on-year increase of 11.42%, and net profit attributable to the parent company at 1.094 billion yuan, up 94.33% year-on-year [5] - The third quarter of 2024 saw a significant increase in net profit, achieving 1.463 billion yuan, a year-on-year growth of 191.43%, driven by effective cost control and a recovery of bad debt provisions [5] - The company’s existing games have performed well, particularly in overseas markets, with its subsidiary ranking high in revenue among Chinese game developers [6] Summary by Sections Financial Performance - For the first three quarters of 2024, the company reported revenue of 4.514 billion yuan, a growth of 11.42% year-on-year, and a net profit of 1.094 billion yuan, which is a 94.33% increase year-on-year [5] - In Q3 2024, revenue was 1.461 billion yuan, up 4.53% year-on-year, and net profit reached 463 million yuan, reflecting a 191.43% increase year-on-year [5] Product Development - The company is focusing on new product launches, with two self-developed games, "Code LOA" and "Code DL," expected to be released overseas by the end of 2024 [6] - The existing games, "Sunrise City" and "War Fire and Order," have shown stable revenue performance, contributing to the company's solid financial base [6] Earnings Forecast and Valuation - The revenue forecast for 2024-2026 is projected at 7.118 billion, 8.689 billion, and 10.067 billion yuan respectively, with net profits expected to be 1.207 billion, 1.344 billion, and 1.547 billion yuan [7] - The estimated EPS for 2024-2026 is projected to be 0.61, 0.68, and 0.79 yuan respectively, with a dynamic PE ratio of 25-30 times for 2025, leading to a target price range of 17.00-20.40 yuan per share [7]

Investment Rating - The report assigns an "Increase" rating to the company [1][6] Core Insights - The company achieved a revenue of 4.514 billion yuan in the first three quarters of 2024, representing a year-on-year growth of 11.42%. The net profit attributable to shareholders reached 1.094 billion yuan, up 94.33% year-on-year [2][3] - In Q3 2024, the company reported a revenue of 1.461 billion yuan, a year-on-year increase of 4.53%, and a net profit of 463 million yuan, which is a remarkable year-on-year growth of 191.43% [2][3] - The company continues to see strong performance from its core products, "Age of Origins" and "War and Order," while optimizing costs, leading to improved profitability [3][4] Financial Performance - The company's net profit attributable to shareholders in Q3 2024 increased by 37.72% quarter-on-quarter, driven by strong product performance and reduced expenses [3] - Sales expenses decreased by 18.29% quarter-on-quarter, and R&D expenses fell by 21.72%, indicating effective cost management [3][4] - The company has two new SLG games expected to launch by the end of 2024, which are anticipated to contribute to revenue growth [5][6] Revenue and Profit Forecast - The company is projected to achieve revenues of 6.737 billion yuan, 7.568 billion yuan, and 8.437 billion yuan for 2024, 2025, and 2026, respectively, with corresponding growth rates of 12.99%, 12.34%, and 11.47% [6][10] - The net profit attributable to shareholders is expected to be 1.328 billion yuan, 1.376 billion yuan, and 1.555 billion yuan for the same years, with growth rates of 49.68%, 3.65%, and 12.98% [6][10]