证券代码：300002 证券简称：神州泰岳 公告编号：2024-046 北京神州泰岳软件股份有限公司 第八届董事会第二十五次会议决议公告 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。 北京神州泰岳软件股份有限公司（以下简称"公司"）第八届董事会第二十五 次会议于2024年10月28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10月23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<公司 2024 年第三季度报告>的议案》 公司董事会经审议认为：公司2024年第三季度报告全文所载资料内容真实、 准确、完整地反映了公司2024年第三季度的实际经营情况，不存在任何虚假记载、 误导性陈述或者重大遗漏。 公司2023年限制性股票激励计划第一个归属期规定的归属条件已经成就，公 司按照激励计划的相关规定为符合条件的激励对象办理归属相关事宜。本次股票 归属将使公司注 ...

北京神州泰岳软件股份有限公司 证券代码：300002 证券简称：神州泰岳 公告编号：2024-048 关于变更注册资本并修订《公司章程》的公告 特此公告。 北京神州泰岳软件股份有限公司 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。 北京神州泰岳软件股份有限公司（以下简称"公司"）于2024年10月28日召开 了公司第八届董事会第二十五次会议，审议通过了《关于变更注册资本并修订< 公司章程>的议案》等议案。 根据《上市公司股权激励管理办法》《公司2023年限制性股票激励计划（草 案）》等相关规定及2023年第一次临时股东大会对董事会的授权，董事会同意为 符合条件的激励对象办理归属相关事宜，本次股票归属将使公司注册资本、总股 本发生相应变动，公司总股本由1,961,091,984股增加至1,962,564,954股，注册资 本由人民币1,961,091,984元增加至1,962,564,954元。 基于上述事项的变更，公司对《公司章程》的相关条款进行相应修订。根据 公司2023年第一次临时股东大会的授权，本次变更注册资本并修改《公司章程》 事宜无需再次提交股东大 ...

神州泰岳：第三季度净利润同比增长191.43% 财联社10月28日电，神州泰岳发布2024年第三季度报告， 报告期内实现营业收入14.61亿元，同比增长4.53%；归属于上市公司股东的净利润4.63亿元，同比增长 191.43%。 查看公告原文 ...

财务管理制度 北京神州泰岳软件股份有限公司 财务管理制度 （2024 年 10 月修订） 第一章 总 则 第一条 为加强北京神州泰岳软件股份有限公司（以下简称"公司"）财务 管理工作，规范财务行为，防范财务风险，健全内部管理机制，保护公司、股东 及相关方的合法权益，根据《中华人民共和国公司法》、《中华人民共和国会计法》、 《企业会计准则》等相关法律、法规和《公司章程》的有关规定，结合公司实际 情况，制定本制度。 第二条 本制度为公司财务管理的基本制度，在募集资金管理、关联交易、 对外担保、对外投资等各专项领域，可根据相关法律、法规拟定各项管理制度、 实施细则等，经审议通过后执行。 第三条 本制度适用于公司、分公司及下属全资、控股子公司（以下简称 "子公司"）的财务管理工作，各子公司可根据本制度制定具体的实施细则，经 审议通过后执行，并报公司财务部备案，参股公司可以参照执行。 第二章 财务管理体制及机构设置 第八条 公司设置财务部，财务部在财务总监的领导下开展工作，负责开展 公司财务管理和会计核算的各项具体工作。公司财务部根据财务管理和会计核算 需求设置财务会计工作岗位。财务部岗位设置应当严格执行不相容职务相分 ...

关于全资子公司有关诉讼事项进展的公告 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。 证券代码：300002 证券简称：神州泰岳 公告编号：2024-045 北京神州泰岳软件股份有限公司 特别提示： 1.案件所处的诉讼（仲裁）阶段：执行中。 2023年12月、2024年4月，公司陆续收到50个涉诉案件民事判决书，一审判 决金额合计约37,953.12万元（不包括案件受理费、保全费、公告费等）及利息， 其中，大唐半导体、大唐微电子在对应案件中实利通和的应付款项不能返还部分 的二分之一向泰岳系统集成承担赔偿责任。相关内容请见公司分别于2023年12月 6 日 、 2023 年 12 月 8 日 、 2023 年 12 月 9 日 、 2024 年 5 月 6 日 在 巨 潮 资 讯 网 （www.cninfo.com.cn）上披露的《关于全资子公司有关诉讼事项进展的公告》（公 告编号：2023-037、2023-038、2023-039、2024-020）。 2.上市公司所处的当事人地位：一审原告。 3.涉案的金额：北京神州泰岳软件股份有限公司（以下简称"公司"） ...

Investment Rating - The report maintains a "Buy" rating for the company [6][7]. Core Insights - The company experienced rapid growth in the first half of 2024, achieving revenue of 3.05 billion yuan, a year-on-year increase of 15.0%, and a net profit attributable to shareholders of 630 million yuan, up 56% year-on-year [6]. - The core product, "Sunrise City," showed stable performance in Q2 with a revenue of 910 million yuan, a 14% year-on-year increase, despite a slight quarter-on-quarter decline of 2% [6]. - The AI/ICT business also performed strongly, with a 27% year-on-year growth to 540 million yuan, although the gross margin decreased by 11 percentage points to 16.1% [6]. Financial Summary - The company’s total revenue for 2023 was 5.962 billion yuan, with a projected revenue of 6.616 billion yuan for 2024, reflecting a year-on-year growth rate of 11.0% [8][9]. - The net profit attributable to shareholders for 2023 was 887 million yuan, with an expected increase to 1.27 billion yuan in 2024, representing a growth rate of 43.2% [8][9]. - The earnings per share (EPS) is projected to rise from 0.45 yuan in 2023 to 0.65 yuan in 2024 [8][9]. Revenue and Profit Forecast - The revenue forecast for 2024-2026 is adjusted to 6.62 billion yuan, 8.18 billion yuan, and 9.28 billion yuan respectively, with net profit forecasts of 1.27 billion yuan, 1.45 billion yuan, and 1.66 billion yuan for the same period [7][8]. - The company’s price-to-earnings (PE) ratio is projected to be 14x for 2024, 12x for 2025, and 11x for 2026, indicating a favorable valuation [7]. Product Pipeline - The company is set to launch two new products by the end of 2024, which are expected to contribute to revenue growth in the medium term [6].

证券代码：300002 证券简称：神州泰岳 公告编号：2024-044 北京神州泰岳软件股份有限公司 关于全资子公司有关诉讼事项进展的公告 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。 特别提示： 1.案件所处的诉讼（仲裁）阶段：二审已判决。 2.上市公司所处的当事人地位：被上诉人（一审原告）。 3.涉案的金额：北京神州泰岳软件股份有限公司（以下简称"公司"）全资子 公司北京神州泰岳系统集成有限公司就与大唐半导体设计有限公司（以下简称 "大唐半导体"）、大唐微电子技术有限公司（以下简称"大唐微电子"）、北京实利 通和科技发展有限公司（以下简称"实利通和"）之间的合同纠纷，向北京市海淀 区人民法院提起诉讼申请，要求大唐半导体、大唐微电子、实利通和支付合同款 项及相应违约金，合计涉案金额约70,343.75万元，案件数量合计50个。2023年12 月、2024年4月，公司陆续收到50个涉诉案件民事判决书，一审判决金额合计约 37,953.12万元（不包括案件受理费、保全费、公告费等）及利息，其中，大唐半 导体、大唐微电子在对应案件中实利通和的应付款项不能返还部分 ...

Investment Rating - The report does not explicitly state an investment rating for the company Core Insights - The company, Shenzhou Taiyue, has shown impressive growth in its gaming business, with a five-year compound annual growth rate (CAGR) exceeding 50% despite a generally declining market [4][7] - The gaming segment is the primary profit driver, contributing 75.43% of total revenue and achieving a revenue CAGR of 35.34% over five years [7][13] - The company has a significant cash flow, with a net cash inflow of 31.76 billion yuan over four years, which is 1.5 times the total profit during the same period [24][26] Summary by Sections Company Performance - Shenzhou Taiyue's revenue increased from 1.78 billion yuan to 5.96 billion yuan over five years, with the gaming business alone contributing nearly 90% of this growth [7][13] - In Q1 2024, the company reported revenue of 1.49 billion yuan and a net profit of 295 million yuan, marking year-on-year growth of 22.79% and 65.62% respectively [11][12] Gaming Business - The gaming business has been supported by two main titles, "War and Order" and "Age of Origins," which together generated over 10 billion yuan in revenue [15][18] - Despite the success of these titles, they are aging, with "War and Order" being five years old and "Age of Origins" eight years old, raising concerns about future revenue sustainability [18][19] Acquisition and Risks - The company made a significant acquisition of Shellwood Games for 12.15 billion yuan, with a high premium of 27 times earnings, which has raised concerns about the sustainability of its goodwill [14][20] - The company holds a total goodwill of 14.48 billion yuan, which constitutes over 20% of its total assets, posing potential risks [22][23] Dividend Policy - Despite strong cash flow, the company has a low dividend payout ratio, distributing less than 15% of its profits in cash dividends over the past four years [26][28] - The company claims a dividend payout ratio of 41.57% based on a specific calculation method, which has been met with skepticism [28][29] Management and Governance - The company has no controlling shareholder, leading to significant stock-based compensation for the chairman, amounting to nearly 400 million yuan over recent years [30][34] - The chairman's stock incentives have raised questions about governance and alignment with shareholder interests [30][34]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The report highlights that the company's main product launch control has released profits, leading to an optimistic outlook for annual performance growth [2][3] - The company is focusing on innovation-driven strategies and global expansion, particularly in the gaming and software information technology service sectors [5] Revenue Performance - In H1 2024, the company's operating revenue reached 3.05 billion yuan, representing a year-over-year increase of 15%. The revenues for Q1 and Q2 were 1.49 billion yuan and 1.56 billion yuan, respectively, with year-over-year growth of 22.8% and 8.5% [2] - The gaming and computer segments contributed revenues of 2.43 billion yuan and 627 million yuan in H1 2024, with year-over-year growth of 12% and 28.4%, respectively [2] - The AI/ICT operational management revenue was 540 million yuan, showing a year-over-year increase of 27% [2] Profitability Metrics - The gross profit for H1 2024 was 1.9 billion yuan, with a gross margin of 62.3%, a slight decrease of 0.7 percentage points year-over-year [2] - The net profit attributable to the parent company for H1 2024 was 630 million yuan, reflecting a year-over-year increase of 56.2% [2] Expense Analysis - Sales expenses for H1 2024 were 550 million yuan, down 21.6% year-over-year, primarily due to reduced marketing for key gaming products [2] - Management expenses increased by 42.9% year-over-year to 500 million yuan, mainly due to higher employee compensation [2] Future Earnings Forecast - The company forecasts operating revenues of 6.69 billion yuan, 7.70 billion yuan, and 8.65 billion yuan for 2024, 2025, and 2026, respectively [6] - The net profit attributable to the parent company is projected to be 1.23 billion yuan, 1.41 billion yuan, and 1.63 billion yuan for the same years [6] Market Position - The company is positioned among the top tier of Chinese gaming companies, with a strong focus on leveraging new technologies such as AI to drive growth [5] - The competitive landscape in the SLG mobile game sector remains intense, with the company actively managing product launches to optimize profitability [4][5]

Investment Rating - The investment rating for the company is "Buy" with an expected return exceeding 10% relative to the CSI 300 index over the next six months [7]. Core Views - The company has shown impressive performance in H1 2024, with revenue reaching 3.053 billion yuan, a year-on-year increase of 15.04%, and a net profit attributable to shareholders of 631 million yuan, up 56.18% year-on-year [2][3]. - The dual business model of "Games + Computer" is driving high growth, positioning the company as a leader in the digital economy [2]. - The gaming segment is focusing on domestic strategy games and global market distribution, contributing significantly to revenue [2][3]. - The AI and ICT management business is expanding, with a focus on natural language processing (NLP) technology, enhancing operational efficiency across various sectors [2][3]. Summary by Sections Financial Performance - In H1 2024, the company achieved a revenue of 3.053 billion yuan, with a net profit of 631 million yuan, reflecting a net profit margin of 20.41%, an increase of 5.44 percentage points year-on-year [2]. - The gaming business generated revenue of 2.426 billion yuan, a year-on-year increase of 12.03%, primarily driven by the success of the game "Age of Origins" [2][3]. - The AI/ICT management business reported revenue of 543 million yuan, up 27.06% year-on-year [2]. Business Segments - The gaming segment is expected to launch two new SLG games in the second half of the year, which could enhance revenue streams [3]. - The computer business, particularly the "Taiyue Smart Call" platform, is gaining traction, improving productivity and efficiency for B-end clients [3]. Future Outlook - The company anticipates continued growth in net profit, projecting 1.128 billion yuan for 2024, 1.328 billion yuan for 2025, and 1.529 billion yuan for 2026, with corresponding EPS of 0.57, 0.68, and 0.78 yuan [4].