证券代码：300226 证券简称：上海钢联 公告编号：2024-032 上海钢联电子商务股份有限公司 关于参加 2024 年上海辖区上市公司年报集体业绩说明会的 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。 为进一步加强与广大投资者的沟通交流，上海钢联电子商务股份有限公司 （以下简称"公司"）将参加"2024年上海辖区上市公司年报集体业绩说明会"活动， 现将有关事项公告如下： 本次年报集体业绩说明会活动将采取网络的方式举行，投资者可以登录"上 证路演中心"网站（https://roadshow.sseinfo.com）或关注微信公众号上证路演中 心参与活动，活动时间为2024年5月10日（周五）15:00至16:00。 届时公司的董事长朱军红先生，董事、总经理高波先生，独立董事周旭先生， 董事会秘书、财务总监李勇胜先生将通过网络在线交流形式与投资者就公司治理、 发展战略、经营状况、融资计划、股权激励和可持续发展等投资者关注的问题进 行沟通。 为充分尊重投资者、提升交流的针对性，现就公司业绩说明会提前向投资者 公开征集问题，广泛听取投资者的意见和建议，投 ...

上海钢联电子商务股份有限公司 证券代码：300226 证券简称：上海钢联 公告编号：2024-031 1、股东大会届次：2023 年年度股东大会。 关于召开2023年年度股东大会的提示性公告 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。 根据《公司法》及《公司章程》的有关规定，经上海钢联电子商务股份有限 公司（以下简称"公司"）第六届董事会第四次会议审议通过，决定于 2024 年 4 月 30 日（星期二）召开公司 2023 年年度股东大会，现将会议有关事项再次提示 通知如下： 2、会议召集人：公司董事会。 3、会议召开的合法性及合规性：经公司第六届董事会第四次会议审议通过 《关于召开 2023 年年度股东大会的议案》，决定召开 2023 年年度股东大会，召 集程序符合有关法律、行政法规、部门规章、规范性文件和公司章程的规定。 4、会议召开日期、时间：2024 年 4 月 30 日（星期二）下午 14:30 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4月30日上午 9:15-9:25，9:30-11:30，下午13:00-15:00；通过深圳证 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price based on a 32x PE for 2024, indicating a potential upside of 43% [24][25]. Core Insights - The company reported a revenue of 86.31 billion yuan for 2023, a year-on-year increase of 12.73%, and a net profit attributable to shareholders of 2.4 billion yuan, up 18.30% year-on-year [4][10]. - The revenue for Q4 2023 was 19.67 billion yuan, reflecting a 12.61% year-on-year growth, with a net profit of 0.73 billion yuan, also up 12.58% year-on-year [10][11]. - The company has two main business pillars: industrial data services and steel trading services, both showing robust revenue growth, although with a slight decline in gross margins due to rising costs and industry profit margin pressures [5][11]. Summary by Sections Financial Performance - The company achieved a total revenue of 86.31 billion yuan in 2023, with a net profit of 2.4 billion yuan, aligning with market expectations [10][11]. - The revenue growth rate for 2023 was 12.73%, while the net profit growth rate was 18.30% [4][10]. - The company adjusted its 2024 revenue forecast to 97.41 billion yuan from a previous estimate of 126.18 billion yuan, and the net profit forecast was revised down to 2.81 billion yuan from 3.80 billion yuan [24]. Business Segments - Industrial data services generated 8.02 billion yuan in revenue, a 15.99% increase, but the gross margin decreased to 57.02% [5][11]. - Steel trading services accounted for 85.43 billion yuan in revenue, with a 12.71% growth, but the gross margin slightly declined to 0.91% [5][11]. - The company is experiencing rapid growth in user numbers across its data services, with significant increases in registered, active, and paying users [13][17]. Future Outlook - The company is focusing on enhancing its digital asset valuation through new accounting regulations that allow data assets to be included on the balance sheet, which is expected to improve market valuation accuracy [19][22]. - The introduction of the "Steel Union Master" large language model for the commodity industry is anticipated to drive future growth [18][22]. - Revenue projections for 2025 and 2026 are set at 111.88 billion yuan and 123.07 billion yuan, respectively, with net profit estimates of 3.42 billion yuan and 4.01 billion yuan [24].

证券代码：300226 证券简称：上海钢联 公告编号：2024-030 上海钢联电子商务股份有限公司 关于为子公司钢银电商提供担保的进展公告 本公司及董事会全体人员保证信息披露的内容真实、准确和完 整，没有虚假记载、误导性陈述或者重大遗漏。 一、担保情况概述 近日，公司与上海农村商业银行股份有限公司上海自贸试验区分行（以下简 称"上海农商行上海自贸试验区分行"）、宁波银行股份有限公司上海分行（以 下简称"宁波银行上海分行"）分别签署了《最高额保证合同》，具体如下： （一）公司与上海农商行上海自贸试验区分行签订协议情况 （三）审议程序 公司于 2023 年 4 月 12 日召开的第五届董事会第二十五次会议和 2023 年 5 月 4 日召开的 2022 年年度股东大会，审议通过了《关于公司子公司 2023 年度申 请综合授信额度及为其提供担保的议案》（公告编号：2023-025），同意公司为 1 1、担保人：上海钢联电子商务股份有限公司（以下简称"上海钢联"、"公司"） 2、被担保人：上海钢银电子商务股份有限公司（以下简称"钢银电商"） 3、担保基本情况：近日，公司与上海农商行上海自贸试验区分行签署了《最 高额 ...

数据服务业务稳健增长，AI 能力和数据要 素政策有望落地 事件：公司发布 2023 年年报，2023 年实现营业收入 863.14 亿元，同比+12.7%；实现 归母净利润 2.40 亿元，同比+18.3%；实现扣非归母净利润 1.91 亿元，同比 +12.6%。 ⚫ 产业数据服务稳步提升，线下服务恢复明显，毛利率略受影响。2023 年公司产业数 据服务板块实现收入 8.02 亿元，同比增长 16.0%，三年复合增长率 18.9%。其中数 据订阅收入达到 4.39 亿元，同比增长 4.8%，占产业数据服务收入比例 54.8%，三 年复合增长率 17.7%。订阅制服务得到市场认可，付费用户数超 31 万个。线下数据 业务恢复较快，会务培训服务收入 9688 万元，同比增长 90.1%。毛利率方面，公 司积极拓展新的商品板块，目标是成功复制黑色板块的发展经验，导致了毛利率的 小幅下滑。2023 年公司数据订阅服务的毛利率为 57.34%，同比下滑 0.77pct。 ⚫ 钢材交易规模持续增长。2023 年公司旗下钢银电商平台结算量持续增长，达到 6364.07 万吨，同比增长 20.1%。钢银电商实现收入 855. ...

Investment Rating - The investment rating for the company is "Buy" (maintained) with a target price of 30.56 CNY, compared to the current price of 20.89 CNY [3][6]. Core Insights - The company's main business is steadily developing and is expected to benefit from the growth of the data factor industry. In 2023, the company achieved a revenue of 86.314 billion CNY, a year-on-year increase of 12.73%, and a net profit attributable to shareholders of 240 million CNY, up 18.30% year-on-year [3][4]. Summary by Sections Financial Performance - In 2023, the company reported a revenue of 86.314 billion CNY, with a year-on-year growth of 12.73%. The net profit attributable to shareholders was 240 million CNY, reflecting an 18.30% increase. The gross profit margin was 1.47%, a decrease of 0.15 percentage points year-on-year [3][4][11]. - For the fourth quarter of 2023, the company achieved a revenue of 19.767 billion CNY, a year-on-year increase of 12.61%, and a net profit of 73 million CNY, up 12.52% year-on-year [3]. Business Segments - The industrial data service segment generated revenue of 800 million CNY in 2023, a growth of 15.99% year-on-year, with a three-year CAGR of 18.90%. The data subscription revenue was 439 million CNY, increasing by 4.79% year-on-year [4]. - The steel trading service saw a settlement volume of 63.64 million tons on the Steel Silver platform, a year-on-year increase of 20.14%. The e-commerce segment generated revenue of 85.508 billion CNY, up 12.70% year-on-year [4]. Strategic Developments - On April 9, 2024, the company announced plans to use 172 million CNY of its own funds to acquire a 37.21% stake from minority shareholders of its subsidiary, Longzhong Information. This subsidiary reported a revenue of 15.6 million CNY in 2023, with a year-on-year growth of 38.02% [4][5]. - The acquisition aligns with the company's strategy to expand its investment in the energy and chemical sectors, enhancing its competitive edge in the rapidly growing industrial data service market [4]. Future Projections - The company is expected to benefit from the opportunities presented by the data factor industry, with projected revenues of 95.836 billion CNY, 105.508 billion CNY, and 116.221 billion CNY for 2024, 2025, and 2026, respectively, reflecting year-on-year growth rates of 11.03%, 10.09%, and 10.15% [6]. - The net profit attributable to shareholders is projected to be 289 million CNY, 379 million CNY, and 477 million CNY for the same years, with growth rates of 20.35%, 31.05%, and 25.87% respectively [6].

Financial Performance - The company's operating revenue for 2023 reached ¥86.31 billion, an increase of 12.73% compared to ¥76.57 billion in 2022 [21]. - Net profit attributable to shareholders for 2023 was ¥240.34 million, reflecting an 18.30% increase from ¥203.13 million in 2022 [21]. - Basic earnings per share increased to ¥0.75, a rise of 19.05% from ¥0.63 in 2022 [21]. - Total assets at the end of 2023 amounted to ¥17.72 billion, marking a 27.96% increase from ¥13.85 billion at the end of 2022 [21]. - The company reported a net profit of ¥145.61 million from government subsidies in 2023, compared to ¥78.31 million in 2022 [27]. - The net profit excluding non-recurring gains and losses for the fourth quarter was ¥72.04 million, showing a significant increase from previous quarters [23]. - The weighted average return on net assets for 2023 was 12.80%, up from 12.32% in 2022 [21]. - The company achieved a total revenue of 86,314.05 million yuan in 2023, representing a year-on-year growth of 12.73% [80]. - The net profit for the year was 420.13 million yuan, reflecting a year-on-year growth of 21.80% [81]. Cash Flow and Investments - The net cash flow from operating activities showed a significant decline, totaling ¥112.42 million, down 90.26% from the previous year [21]. - The company experienced a negative cash flow in the first and fourth quarters, with net cash flows of -¥227.18 million and -¥126.37 million respectively [23]. - The cash flow from operating activities showed a net inflow of 112.42 million yuan, despite a significant decrease compared to the previous period due to increased investment in supply chain operations [81]. - The company's operating cash inflow increased by 6.69% to ¥256,382,924,740.55, while cash outflow rose by 7.16% to ¥256,270,500,892.46 compared to the previous year [104]. - Investment cash inflow decreased by 53.93% to ¥2,062,409,986.95, while outflow decreased by 52.72% to ¥2,135,179,556.05 year-on-year [105]. - The net cash flow from financing activities showed a decline of 80.61%, amounting to -¥215,963,034.53, compared to -¥1,113,873,994.08 in the previous year [105]. Risk Management - The company emphasizes the importance of risk management and has outlined potential risks and countermeasures in the future development outlook section [3]. - The company has acknowledged uncertainties regarding its ability to continue as a going concern, as indicated in the recent audit report [22]. - The company has established a risk management framework for its hedging activities, focusing on internal controls and compliance with relevant regulations [119]. - The company has developed targeted risk management policies to address potential transaction risks associated with market volatility and participant defaults [138]. Market and Industry Trends - The digital economy in China is projected to grow at an annual rate exceeding 20% by 2026, with significant government support and initiatives in place [32]. - In 2023, China's GDP grew by 5.2%, with the information transmission, software, and IT services sector expanding by 11.9% [34]. - The e-commerce transaction volume reached 46.83 trillion yuan in 2023, marking a year-on-year increase of 9.4% [34]. - The domestic industrial e-commerce market size reached 16.52 trillion yuan in the first half of 2023, reflecting a year-on-year growth of 16.34% [35]. - The steel e-commerce market is expected to reach 8,047 billion yuan in 2023, with a significant increase in market platforms [35]. Company Operations and Services - The company operates a B2B steel trading platform and is a leading provider of commodity and industry data services [38]. - The company's data subscription services include price data and analysis, contributing to market transparency and efficiency [39]. - The company’s steel trading services integrate supply chain resources, enhancing transaction efficiency and reducing marketing costs [41]. - The steel trading service platform processed a settlement volume of 63.64 million tons, a 20.14% increase from the previous year [52]. - The company launched the "Steel Master" vertical large language model 1.0, enhancing data integration and utilization capabilities [51]. - The company constructed 22 major industry databases and over 150 application-specific databases, covering more than 8,000 types of bulk commodities [50]. Employee and Organizational Development - As of the end of the reporting period, the total number of employees reached 4,344, an increase of 155 from the previous year, with 3,258 employees in the industrial data service sector [56]. - The total number of R&D personnel increased by 12.46% to 641, with the proportion of R&D staff rising to 14.80% [102]. - The company focused on training to enhance organizational capabilities and strategic initiatives, covering 100% of new employees in onboarding training [191]. - Management training programs were developed for new managers to improve leadership skills and business development [191]. Shareholder and Investor Relations - The company plans to distribute a cash dividend of 0.8 yuan per 10 shares to all shareholders, based on a total of 321,821,516 shares [3]. - The company has not proposed any bonus shares or capital increase for shareholders in the current profit distribution plan [3]. - The company emphasizes the importance of investor relations and maintains open communication channels with investors through various methods [129]. - The company held its annual general meeting on May 4, 2023, with an investor participation rate of 32.55% [153]. Technological Advancements - The company is leveraging advanced technologies like 5G and AI to improve data collection and analysis, positioning itself as a leader in the industry [67]. - The company aims to optimize its product matrix and improve service efficiency through advanced AI technologies [101]. - The company has established a data intelligence platform to better understand user behavior and needs, improving customer satisfaction [102]. - The introduction of the AI intelligent editing platform aims to improve content production efficiency and data security [99]. Compliance and Governance - The company has maintained compliance with corporate governance standards, ensuring that major decisions are executed according to established internal control systems [142]. - The independent directors have fulfilled their responsibilities regarding the cash dividend policy and incentive plans [194]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate information for all shareholders [148].

[Table_Market] 市场数据 2024-04-09 股票代码 300226.SZ 收盘价(元) 21.6 流通 A 股市值(亿元) 69.51 [Table_Title] 政策利好数据要素，产业数字化引领行 业新机遇 核心观点： [Table_Summary] 事件 公司发布 2023 年年度报告，报告期内实现营收 863.14 亿元，同比 增长 12.73%；实现归母净利润 2.40 亿元，同比增长 18.30%；销售毛利 率为 1.47%；实现扣非归母净利润 1.91 亿元，同比增长 12.57%。 公司产业数据服务实现营收 8.02 亿元，同比增长 15.99%；钢材交易服务 实现营收 854.32 亿元，同比增长 12.71%。三费水平较稳定，销售/管理/ 研发费用为 4.51/1.49/1.27 亿元，分别同比+3.33%/-0.08%/+5.79%，费用 率分别为 0.52%/0.17%/0.15%。报告期内，公司完成研发大宗商品行业垂 直大语言模型"钢联宗师"1.0 版本；并针对大宗商品行业中的贸易、分 析咨询、以及内容生成三大应用场景，完成大宗商品行业首个垂直大语 言模型应用"小钢" ...

公 司 研 究 隐证券 计算机/软件开发 上海钢联（300226.SZ） 2024 年 04 月 10 日 业绩稳健增长，数据价值有望持续释放 ——公司信息更新报告 投资评级：买入（维持） | --- | --- | |------------------|---------------------------| | | | | 陈宝健（分析师） | 闫宁（分析师） | | | yanning@kysec.cn | | S0790520080001 | 证书编号： S0790523080003 | chenbaojian@kysec.cn 证书编号： | --- | --- | --- | --- | --- | --- | |--------------------------------|--------|--------|--------|---------|---------| | 指标 | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业收入 ( 百万元 ) | 76,567 | 86,314 | 99,280 | 114,016 | 130,741 | | ...

上海钢联电子商务股份有限公司 独立董事 2023 年度述职报告 二〇二四年四月 各位股东： 本人作为上海钢联电子商务股份有限公司第五届董事会独立董事（现已于 2023 年 5 月 4 日换届后离任），2023 年度按照《公司法》《证券法》《上市公 司独立董事管理办法》《公司章程》《独立董事工作制度》等相关法律、法规、 规章的规定和要求，忠实履行独立董事的职责，充分发挥独立董事的作用，勤勉 尽责，维护了公司整体利益，维护了全体股东尤其是中小股东的合法权益。现将 本人履行独立董事职责情况向各位股东汇报如下： 一、独立董事基本情况 本人杜惟毅，1975 年 12 月生，厦门大学经济法硕士，律师。历任上海证券 交易所信息中心经理助理、上海证券交易所法律部经理、中国金融期货交易所监 查部高级经理、中国金融期货交易所法律部副总监、中国金融期货交易所董事会 办公室副总监、昊理文律师事务所律师、上海钢联独立董事，现任上海执古资产 管理有限公司风控总监。 报告期内，本人任职符合《上市公司独立董事管理办法》第六条规定的独立 性要求，不存在影响独立性的情况。 二、2023 年度履职情况 本人在任职后积极参加了公司召开的所有董事会、 ...