北京易华录信息技术股份有限公司 2024 年度业绩预亏的关注公告 受北京易华录信息技术股份有限公司（以下简称"易华录"或"公司"）委托，联合资信评估 股份有限公司（以下简称"联合资信"）对公司主体及相关债项进行了信用评级。除因本次评级事 项联合资信与该公司构成评级委托关系外，联合资信、评级人员与该公司不存在任何影响评级行 为独立、客观、公正的关联关系。 根据联合资信最近的评级报告，公司个体信用等级为 a +，考虑到公司实际控制人中国电子科 技集团有限公司（以下简称"电科集团"）背景雄厚；大股东中国华录集团（以下简称"华录集团"） 为公司债券提供担保，外部支持提升 2 个子级，公司主体长期信用等级为 AA，评级展望为稳定； 公司委托联合资信评级的相关公开发行债项评级结果详见下表，评级有效期为相关债项存续期。 | 债券代码 | 债券简称 | 上次主体评级结果上次债项评级结果 | | 上次评级时间 | 债券余额 | 兑付日 | | --- | --- | --- | --- | --- | --- | --- | | 148002.SZ | 22 华录 01 | AA/稳定 AA /稳定 | + | 2024/06 ...

Core Viewpoint - 易华录预计在2024年将面临亏损24.54亿至28.91亿元，已是自2021年以来的第三个亏损年度，且亏损总额较去年有所增加 [1] Group 1: Financial Performance - 2024年，易华录的收入同比下滑，主要由于转型期的收入"换档变速"现象，智慧交通业务的新签项目尚未确认收入 [2] - 大额资产减值计提是亏损的关键因素，公司对应收账款、合同资产及长期股权投资进行了全面检查，导致利润大幅减少 [2] - 剔除减值计提后，易华录的经营利润较去年同期减亏近30% [3] Group 2: Strategic Focus - 公司将进一步聚焦智能交通主责主业，并抢占数据要素新兴市场，调整数据湖建设相关业务 [3] - 易华录在数据要素领域积极参与标准编制和试点工作，展现出较强的行业影响力，预计到2025年市场规模将达到2042.9亿元 [4] - 公司停止新建数据湖项目，强化对现有业务的管理，以提升整体运营效率 [5] Group 3: Industry Context - 智慧交通市场在2024年规模已近900亿元，未来两年内"车路云"一体化总投资额或将达到1000亿元 [3] - 数据要素市场在国家政策支持和技术创新下，整体将进入快速发展阶段，行业内项目落地有望于2025年出现大幅增长 [4] - 易华录与中国电科的重组整合将推动其在智慧交通主业和数据要素市场中的发展 [6]

投资者关系 活动类别 □特定对象调研 □分析师会议 □媒体采访 ☑业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名 称及人员姓 名 招商基金、西部利得基金、永赢基金、中信保诚基金、东兴基金、 平安资管、泰康资管、浙商证券资管、北京羲和金泰资管、华宝信 托、兴银理财、汇华理财、电科投资、淡水泉(北京)投资、广东正 圆私募基金、深圳市一诺私募基金、和基投资基金、益民基金、华 夏财富创新投资、上海臻宜投资、上海睿亿投资、深圳市红石榴投 资、博观私募、橡果资产、循远投资、茂典资产、新余善思投资、 上海天猊投资、中信建投、国盛证券、海通证券、国金证券、东吴 证券、东方证券、东北证券、东兴证券、华福证券、中邮证券、大 和证券、华宝证券等约 40 余家机构和个人。 时间 2025 年 01 月 24 日 地点 电话会议 上市公司接 待人员姓名 董事、总裁：肖益 董事、财务总监、董事会秘书：满孝国 副总裁：谷桐宇 副总裁：梁敏燕 证券投资部总经理：蒋帆 | | 总体情况介绍 | | --- | --- | | | 2024 年，是易华录并入中国电科体系的第一个完整年度，公司 | | | 内部也开展了一系列 ...

Financial Performance - Net loss attributable to shareholders is expected to be between RMB 2.454 billion and RMB 2.891 billion, compared to a loss of RMB 1.89 billion in the same period last year[4] - Revenue is expected to be between RMB 440 million and RMB 550 million, down from RMB 764.97 million in the previous year[4] - Operating loss narrowed by nearly 30% year-over-year, excluding impairment provisions[7] - Significant impairment provisions were made for accounts receivable and contract assets due to increased recovery risks[7] Business Strategy and Transformation - The company increased its focus on the smart transportation sector and actively adjusted the transformation and upgrading of data lake-related businesses[6] - New orders in the smart transportation sector will be recognized in future years due to long construction periods[6] - Data element business grew rapidly, with a significant increase in order volume compared to the same period last year, but the business base remains small[6] Cost Optimization and R&D Investment - The company optimized fixed costs such as labor and financial expenses[6] - The company maintained strong R&D investment to enhance market competitiveness and seize emerging market opportunities[7]

北京易华录信息技术股份有限公司 | 证券代码：300212 | 证券简称：易华录 | 公告编号：2024-060 | | --- | --- | --- | | 债券代码：148002 | 债券简称：22 华录 | 01 | 第六届董事会第七次会议决议公告 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。 北京易华录信息技术股份有限公司（以下简称"公司"或"易华录"）第六 届董事会第七次会议于 2024 年 12 月 25 日（星期三）以现场会议的方式在公司 十楼会议室召开，会议通知已于 2024 年 12 月 20 日以专人送达、邮件等方式送 达全体董事和监事。本次会议应出席董事 8 名，实际出席会议董事 8 名，会议由 公司董事长欧黎先生主持，公司监事及其他高级管理人员列席了会议。本次会议 的召集和召开符合《公司法》和《公司章程》的有关规定。 经与会的董事充分讨论与审议，会议形成以下决议： 一、审议通过了《关于选举杜欣军先生为公司第六届董事会非独立董事的 议案》 因个人工作原因，杨新臣先生申请辞去公司第六届董事会董事及审计委员会 委员职务，辞职后不在公司担任 ...

关于拟变更董事的公告 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。 北京易华录信息技术股份有限公司（以下简称"公司"或"易华录"）于 2024 年 12 月 25 日召开的第六届董事会第七次会议，审议通过了《关于选举杜 欣军先生为公司第六届董事会非独立董事的议案》。现将有关情况公告如下： 杨新臣先生由于个人工作原因向公司申请辞去其担任的第六届董事会非独 立董事及公司审计委员会委员职务，辞职后不再担任公司任何职务。杨新臣先生 非独立董事、审计委员会委员的职务原定任期至公司第六届董事会届满之日（即 2027 年 6 月 24 日）。截至本公告披露日，杨新臣先生未持有公司股份，其配偶 或其他关联人未持有公司股份，不存在应履行而未履行的减持承诺事项。 | 证券代码：300212 | 证券简称：易华录 | 公告编号：2024-061 | | --- | --- | --- | | 债券代码：148002 | 债券简称：22 华录 | 01 | 北京易华录信息技术股份有限公司 特此公告。 北京易华录信息技术股份有限公司董事会 2024 年 12 月 25 日 杜欣军先生 ...

Investment Rating - Buy (Maintained) [1] Core Views - The company is undergoing strategic transformation, shifting from data lake construction to data operation, which has led to a decline in revenue for Q1-Q3 2024 [1] - The company has achieved some success in cost control, with sales, management, and R&D expenses all decreasing year-on-year for Q1-Q3 2024 [1] - Public data policies have been introduced, which are expected to accelerate industry implementation [2] - The company is actively advancing data elements, becoming a partner in the Ministry of Industry and Information Technology's AI large model public service platform and signing multiple data service projects [3] - The company is expected to benefit from public data authorization operations in the future, leveraging its backing from China Electronics Technology Group Corporation (CETC) [3] Financial Forecasts - Revenue is projected to be 841.47 million yuan in 2024, 1,126.06 million yuan in 2025, and 1,508.88 million yuan in 2026, with year-on-year growth rates of 10.00%, 33.82%, and 34.00% respectively [1] - Net profit attributable to the parent company is forecasted to be -92.46 million yuan in 2024, 67.83 million yuan in 2025, and 166.60 million yuan in 2026, with year-on-year growth rates of 95.11%, 173.37%, and 145.60% respectively [1] - EPS is expected to be -0.13 yuan in 2024, 0.09 yuan in 2025, and 0.23 yuan in 2026 [1] Market Data - Closing price: 29.30 yuan [5] - One-year low/high price: 13.86/42.39 yuan [5] - P/B ratio: 7.07x [5] - Market capitalization: 21,092.85 million yuan [5] Financial Ratios - ROIC: -13.38% in 2023, 1.76% in 2024, 2.31% in 2025, and 3.06% in 2026 [10] - ROE: -52.57% in 2023, -2.73% in 2024, 1.96% in 2025, and 4.60% in 2026 [10] - Debt-to-asset ratio: 69.13% in 2023, 65.48% in 2024, 72.65% in 2025, and 70.24% in 2026 [10] Industry and Policy - Public data policies have been introduced, including the "Opinions on Accelerating the Development and Utilization of Public Data Resources" and two supporting policies, which are expected to accelerate industry implementation [2] - The National Data Bureau plans to release eight institutional documents this year, covering data property rights, data circulation, and public data development, among others [2]

北京易华录信息技术股份有限公司 | 证券代码：300212 | 证券简称：易华录 | 公告编号：2024-058 | | --- | --- | --- | | 债券代码：148002 | 债券简称：22 华录 | 01 | 第六届监事会第三次会议决议公告 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。 北京易华录信息技术股份有限公司（以下简称"公司"或"易华录"）第六 届监事会第三次会议于 2024 年 10 月 29 日（星期二） 以现场会议的方式召开， 会议通知已于 2024 年 10 月 24 日以专人送达、邮件等方式送达全体监事。本次 会议应出席监事 3 名，实际出席会议监事 3 名，会议由公司监事会主席许海英女 士主持，相关人员列席了会议。本次会议的召集和召开符合《公司法》和《公司 章程》的有关规定。 经与会的监事充分讨论与审议，会议形成以下决议： 一、审议通过了《关于<2024 年第三季度报告>的议案》 监事会认为：公司 2024 年第三季度报告的编制和审议程序符合法律、法规、 公司章程和公司内部管理制度的各项规定，2024 年第三季度报告的内容 ...

Financial Performance - Revenue for the third quarter was RMB 93.22 million, a decrease of 50.22% year-over-year[2] - Net profit attributable to shareholders was RMB -244.53 million, a decrease of 1.25% year-over-year[2] - Total revenue for the period was 431.66 million yuan, a decrease from 702.68 million yuan in the same period last year[14] - Net loss attributable to the parent company was 1.37 billion yuan, compared to a net loss of 753.01 million yuan in the previous year[13] - Net profit attributable to parent company shareholders was -612.93 million yuan, a decrease of 13.5% compared to the same period last year[15] - Total comprehensive income was -608.41 million yuan, a decrease of 15.2% compared to -528.13 million yuan in the same period last year[15] - Basic earnings per share was -0.8514 yuan, a decrease of 4.5% compared to -0.8145 yuan in the same period last year[16] Assets and Liabilities - Total assets at the end of the reporting period were RMB 12.55 billion, a decrease of 5.69% compared to the end of the previous year[2] - Total assets decreased to 12.55 billion yuan from 13.31 billion yuan at the beginning of the period[12] - Total liabilities decreased to 9.05 billion yuan from 9.20 billion yuan at the beginning of the period[12] - Total equity attributable to the parent company decreased to 2.98 billion yuan from 3.59 billion yuan at the beginning of the period[13] Cash Flow and Liquidity - Cash and cash equivalents decreased by 49.13% to RMB 406.78 million due to increased procurement payments[6] - Operating cash flow was -325.89 million yuan, an improvement of 34.2% compared to -494.95 million yuan in the same period last year[17] - Cash and cash equivalents at the end of the period were 290.07 million yuan, a decrease of 52.8% compared to the beginning of the period[18] - Cash inflow from financing activities was 5.21 billion yuan, a decrease of 2.3% compared to 5.33 billion yuan in the same period last year[18] - Cash outflow from investment activities was 170.58 million yuan, a decrease of 24.5% compared to 225.84 million yuan in the same period last year[17] - Cash received from tax refunds was 5.15 million yuan, an increase of 342.5% compared to 1.16 million yuan in the same period last year[17] Expenses and Losses - Sales expenses decreased by 55.66% to RMB 73.60 million due to adjustments in personnel structure[6] - Management expenses decreased by 39.55% to RMB 121.29 million due to adjustments in personnel structure[6] - Investment losses increased by 323.23% to RMB -136.87 million due to increased losses from equity investments[6] - Credit impairment losses increased by 52,005.97% to RMB -173.54 million due to increased provisions for expected credit losses[6] - Operating costs amounted to 834.31 million yuan, compared to 1.18 billion yuan in the previous year[14] - R&D expenses were 15.47 million yuan, a significant decrease from 32.33 million yuan in the same period last year[14] - Financial expenses were 190.09 million yuan, a decrease from 219.55 million yuan in the previous year[14] - Investment losses were 136.87 million yuan, compared to 32.34 million yuan in the same period last year[14] - Credit impairment losses were 173.54 million yuan, compared to 333,045.14 yuan in the previous year[14] - Total assets impairment loss was 105.08 million yuan, compared to -9.80 million yuan in the same period last year[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 74,307[7] - China Hualu Group Co., Ltd. holds 31.83% of the shares, totaling 229,124,004 shares[7] - Lin Yongjun, an individual shareholder, holds 3.92% of the shares, totaling 28,209,628 shares, with 21,157,221 shares under lock-up[7] - Hualu Capital Holdings Co., Ltd. holds 2.27% of the shares, totaling 16,345,210 shares[7] - China Construction Bank Corporation - E Fund ChiNext ETF holds 1.80% of the shares, totaling 12,976,972 shares[7] - Agricultural Bank of China Limited - CSI 500 ETF holds 1.11% of the shares, totaling 8,017,991 shares[7] - Hong Kong Securities Clearing Company Limited holds 0.83% of the shares, totaling 5,998,203 shares[7] - Rui Zhong Life Insurance Co., Ltd. - Own Funds holds 0.76% of the shares, totaling 5,452,562 shares[7] - Guoxin Investment Co., Ltd. holds 0.43% of the shares, totaling 3,077,099 shares[7] - Liao Fuxiu, an individual shareholder, holds 0.41% of the shares, totaling 2,940,425 shares[7] Accounts Receivable and Liabilities - Accounts receivable decreased by 88.43% to RMB 6.10 million due to the termination of matured receivables[6] - Other current liabilities increased by 71.78% to RMB 1.41 billion due to increased intercompany borrowings[6] Revenue and Sales - Revenue from sales of goods and services was 489.51 million yuan, a decrease of 34.8% compared to 751.34 million yuan in the same period last year[17]

| 证券代码：300212 | 证券简称：易华录 | 公告编号：2024-057 | | --- | --- | --- | | 债券代码：148002 | 债券简称：22 华录 | 01 | 北京易华录信息技术股份有限公司 第六届董事会第六次会议决议公告 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。 二、审议通过了《关于<2023 年合规管理工作报告>的议案》 经审议，董事会通过了《2023 年合规管理工作报告》。 表决结果：同意 9 票，反对 0 票，弃权 0 票获得通过。 特此公告。 北京易华录信息技术股份有限公司董事会 北京易华录信息技术股份有限公司（以下简称"公司"或"易华录"）第六 届董事会第六次会议于 2024 年 10 月 29 日（星期二）以现场会议的方式在公司 十楼会议室召开，会议通知已于 2024 年 10 月 24 日以专人送达、邮件等方式送 达全体董事和监事。本次会议应出席董事 9 名，实际出席会议董事 9 名，会议由 公司董事长欧黎先生主持，公司监事及其他高级管理人员列席了会议。本次会议 的召集和召开符合《公司法》和《公司章程》的 ...