Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The report highlights a recovery in the operating environment in mainland China, with high growth in R&D design and AIoT businesses [1] - The company is expected to maintain a revenue growth rate of 12% year-on-year for 2023 and 2024, with an increase to 15% in 2025 and 18% in 2026 [1][2] - The net profit attributable to the parent company is projected to grow from 150 million in 2023 to 273 million in 2026, reflecting a compound annual growth rate (CAGR) of approximately 26% [1][2] Financial Summary - **Revenue Forecast**: - 2022A: 1,995 million - 2023A: 2,228 million - 2024E: 2,488 million - 2025E: 2,862 million - 2026E: 3,378 million [1][2] - **Net Profit Forecast**: - 2022A: 134 million - 2023A: 150 million - 2024E: 177 million - 2025E: 216 million - 2026E: 273 million [1][2] - **Earnings Per Share (EPS)**: - 2023A: 0.55 - 2024E: 0.65 - 2025E: 0.80 - 2026E: 1.00 [1][2] - **Price-to-Earnings (P/E) Ratio**: - 2023A: 47.5 - 2024E: 40.3 - 2025E: 33.0 - 2026E: 26.2 [1][2] - **Price-to-Book (P/B) Ratio**: - 2023A: 3.5 - 2024E: 3.3 - 2025E: 3.0 - 2026E: 2.7 [1][2] Market Performance - The company has seen a revenue increase of 11.63% year-on-year in Q3 2024, with a total revenue of 5.69 billion [1] - The report indicates that the company has strengthened its operations and management efficiency, leading to improved growth rates compared to the first half of the year [1] - The company is focusing on automation and digital transformation solutions in high-demand sectors such as electronics, semiconductors, and automotive parts [1]

Investment Rating - The investment rating for the company is "Buy" and is maintained [1][7]. Core Insights - The company has achieved steady revenue growth, capitalizing on opportunities for Chinese enterprises going global [3][4]. - In the first three quarters of 2024, the company reported revenue of 1.573 billion yuan, a year-on-year increase of 11.21%, and a net profit attributable to shareholders of 50 million yuan, up 2.15% year-on-year [4]. - The company has significantly improved its cost control, with a decrease in sales expense ratio by 2.41 percentage points compared to the same period last year [4]. - The AI business has seen rapid growth, with revenue from AI-related services increasing by 102.08% year-on-year [5]. - The company is focusing on enhancing its R&D capabilities, particularly in AI technologies, which has led to substantial revenue growth in this segment [5]. Financial Performance - The company’s revenue for the third quarter was 569 million yuan, reflecting a year-on-year growth of 11.63% [4]. - The revenue forecast for 2024-2026 has been adjusted to 2.502 billion, 2.855 billion, and 3.206 billion yuan respectively, with net profit forecasts of 170 million, 207 million, and 244 million yuan [7][11]. - The earnings per share (EPS) are projected to be 0.63, 0.76, and 0.90 yuan for the years 2024, 2025, and 2026 respectively, with corresponding price-to-earnings (P/E) ratios of 42.05, 34.53, and 29.20 [7][11]. Market Opportunities - The company has seen a recovery in its business in mainland China, with revenue of 735 million yuan in the first three quarters, a year-on-year increase of 11.33% [6]. - In Southeast Asia, the company has leveraged partnerships with major domestic enterprises to enhance market promotion and capture the trend of Chinese companies expanding overseas [6]. - The company has signed new contracts in Taiwan, particularly in high-demand sectors such as electronics and automotive parts, with a year-on-year growth of 32% in new customer contracts [6].

Investment Rating - The investment rating for the company is maintained at "Buy-A" with a 6-month target price of 28.46 CNY, representing a dynamic price-to-earnings ratio of 40 times for 2024 [4][8]. Core Insights - The company has launched a new AI application, ChatCAD, based on large model technology, aimed at achieving technological innovation in design management and knowledge management [1]. - For the first three quarters of 2024, the company reported a revenue of 1.573 billion CNY, a year-on-year increase of 11.21%, and a net profit attributable to shareholders of 49.89 million CNY, up 2.15% year-on-year [1]. - The company continues to see strong growth in its R&D design and AIoT businesses, with R&D design revenue increasing by 23.17% year-on-year [2]. Summary by Sections Revenue Performance - In the first three quarters, revenue from mainland China reached 735 million CNY, growing by 11.33% year-on-year, while revenue from non-mainland China was 838 million CNY, up 11.11% [2]. - The company has seen a 32% year-on-year increase in new customer contracts in Taiwan and a 58% increase in revenue from Chinese enterprises going abroad [2]. Business Segments - R&D design revenue was 84.39 million CNY, up 23.17% year-on-year, while AIoT revenue reached 404 million CNY, growing by 41.83% [2]. - Digital management revenue was 852 million CNY, with a modest growth of 1.3%, and production control revenue was 218 million CNY, increasing by 5.67% [2]. Financial Forecast - The company is projected to achieve revenues of 2.536 billion CNY, 2.846 billion CNY, and 3.305 billion CNY for the years 2024, 2025, and 2026, respectively, with net profits of 193 million CNY, 226 million CNY, and 258 million CNY for the same years [8][10].

Investment Rating - The report maintains a "Buy" rating for Dingjie Smart (300378) [1] Core Views - The company reported a revenue of 1.57 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 11.2%. The net profit attributable to shareholders was 49.89 million yuan, up 2.2% year-on-year, while the net profit after deducting non-recurring items surged by 59.1% to 45.47 million yuan [2][4] - The AI business revenue doubled year-on-year, with a growth of 102.1% in the first three quarters of 2024, driven by the integration of advanced AI technologies [4] Summary by Sections Financial Performance - For Q3 2024, the company achieved a revenue of 570 million yuan, an increase of 11.6% year-on-year, but the net profit dropped by 41.4% to 7.448 million yuan. The net profit after deducting non-recurring items rose by 117.1% to 499.1 million yuan [2][4] - The company expects EPS for 2024, 2025, and 2026 to be 0.66 yuan, 0.80 yuan, and 0.98 yuan respectively, indicating a positive growth trajectory [4][5] Business Segments - The R&D design segment reported a revenue of 84.39 million yuan, growing by 23.2% year-on-year, with a significant increase in contract amounts [3] - The AIoT segment saw a revenue increase of 41.8% to 400 million yuan, benefiting from the Athena industrial internet platform [3] - Revenue from the digital management segment grew by 1.3% to 850 million yuan, while the production control segment rebounded with a 5.7% increase to 130 million yuan [3] Market Trends - The company is capitalizing on the trend of Chinese enterprises going global, with revenue from overseas markets reaching 840 million yuan, up 11.1% year-on-year, and a 58% increase in revenue from Chinese enterprises expanding abroad [3] - Domestic revenue for the first three quarters reached 740 million yuan, reflecting an 11.3% year-on-year growth, with Q3 alone showing an 18.4% increase [3] Strategic Initiatives - The company is committed to its "Smart+" strategy, focusing on integrating AI capabilities into its offerings, which is expected to further enhance growth opportunities [4]

证券代码：300378 证券简称：鼎捷数智 公告编码：2024-11103 鼎捷数智股份有限公司 关于全资子公司变更公司名称的公告 董事会 7、经营范围：资讯软体服务、批发、零售；电脑及其周边设备制造；电脑 及事务性机器设备批发、零售；文教、乐器、育乐用品零售、批发。 特此公告。 鼎捷数智股份有限公司 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。 鼎捷数智股份有限公司全资子公司鼎新电脑股份有限公司因经营发展需要， 将公司名称变更为鼎新数智股份有限公司，并于近日完成相关工商变更登记手续， 取得了中国台湾地区经济部出具的《股份有限公司变更登记表》。具体情况如下： 一、全资子公司名称变更情况 | | 变更前 | 变更后 | | --- | --- | --- | | 中文名称 | 鼎新电脑股份有限公司 | 鼎新数智股份有限公司 | | 英文名称 | Data Systems Consulting Co.,Ltd. | Data Systems Co.,Ltd. | 二、全资子公司名称变更后的工商信息 二〇二四年十一月五日 1、名称：鼎新数智股份有限公司 2、公司统 ...

Investment Rating - Buy (Maintained Rating) [1] Core Views - The company's performance growth trend remains unchanged, with effective market strategies and technology promotion [2] - The company achieved revenue of 1.573 billion yuan in Q3 2024, a year-on-year increase of 11.21%, and net profit attributable to the parent company of 49.89 million yuan, a year-on-year increase of 2.15% [2] - The company's revenue from mainland China was 735 million yuan, a year-on-year increase of 11.33%, while revenue from non-mainland regions was 838 million yuan, a year-on-year increase of 11.11% [3] - The company's diversified market strategies and flexible responses have helped it capture opportunities and avoid risks, with contract amounts growing both domestically and internationally [4] - The company's four major businesses (R&D design, digital management, production control, and AIoT) are growing, with R&D design and AIoT businesses showing particularly strong growth [6] - The company's technology has gained market recognition, with leading market shares in several industries [6] Financial Performance - Revenue for 2024 is expected to reach 2.497 billion yuan, with a year-on-year growth rate of 12.1%, and net profit attributable to the parent company is expected to be 174 million yuan, with a year-on-year growth rate of 15.9% [2] - The company's ROE is expected to increase from 7.1% in 2023 to 9.2% in 2026 [2] - EPS is expected to grow from 0.55 yuan in 2023 to 0.91 yuan in 2026 [2] - The company's P/E ratio is expected to decrease from 43.1x in 2023 to 26.1x in 2026 [2] Market Strategy - The company has adopted different strategies for mainland and non-mainland markets, focusing on industry operations and improving operational efficiency in mainland China, while leveraging AI advancements and industry recovery in non-mainland regions [4] - In Southeast Asia, the company has strengthened its market presence through partnerships with large domestic enterprises, with revenue from Chinese enterprises going overseas increasing by 58% year-on-year [4] Business Segments - The company's R&D design business achieved revenue of 84.39 million yuan, a year-on-year increase of 23.17%, while the AIoT business achieved revenue of 404 million yuan, a year-on-year increase of 41.83% [6] - The company has launched innovative solutions such as "AI+ process-oriented PLM" and Chat CAD, which have been well-received in the market [6] Future Outlook - The company is expected to achieve revenue of 2.497 billion yuan, 2.836 billion yuan, and 3.269 billion yuan in 2024, 2025, and 2026, respectively, with net profit attributable to the parent company expected to reach 1.74 billion yuan, 2.06 billion yuan, and 2.48 billion yuan in the same period [7] - The company's EPS is expected to grow to 0.64 yuan, 0.76 yuan, and 0.91 yuan in 2024, 2025, and 2026, respectively [7]

Investment Rating - Maintains an "Overweight" rating with a target price of 29.07 CNY [3][5] Core Views - The company is transitioning to a data and intelligent solutions provider focusing on platform construction and application services, with significant growth in mainland China and Southeast Asia [2] - AI product effectiveness is becoming more prominent, which is expected to further enhance the company's brand strength [2] - The company's business model continues to optimize, with strong growth in overseas markets, maintaining EPS forecasts for 2024-2026 at 0.68/0.85/1.04 CNY, corresponding to a 2024 PE of 35.33x [3] - Revenue for the first three quarters reached 1.573 billion CNY, a year-on-year increase of 11.21%, with Q3 revenue at 569 million CNY, up 11.63% year-on-year [3] - Mainland China revenue for the first three quarters was 735 million CNY, up 11.33% year-on-year, while non-mainland revenue was 838 million CNY, up 11.11% year-on-year [3] - The company is expanding its presence in Thailand and Vietnam, with revenue from Chinese enterprises going overseas increasing by 58% year-on-year in the first three quarters [3] - The semiconductor industry is experiencing rapid growth due to AI-driven demand for new and expanded factories, while the automotive parts industry is seeing increased demand for AI in industrial scenarios [3] - The company is focusing on innovative AI applications, such as the "AI+ process-oriented PLM" solution and the Chat CAD application, which leverages large model technology for design management and document generation [3] Financial Summary - Revenue for 2022 was 1.995 billion CNY, increasing to 2.228 billion CNY in 2023, and is forecasted to reach 2.605 billion CNY in 2024, 3.062 billion CNY in 2025, and 3.566 billion CNY in 2026 [4] - Net profit attributable to the parent company was 134 million CNY in 2022, 150 million CNY in 2023, and is expected to be 184 million CNY in 2024, 230 million CNY in 2025, and 283 million CNY in 2026 [4] - EPS for 2022 was 0.49 CNY, 0.55 CNY in 2023, and is forecasted to be 0.68 CNY in 2024, 0.85 CNY in 2025, and 1.04 CNY in 2026 [4] - ROE (diluted) was 7.3% in 2022 and 2023, and is expected to increase to 8.1% in 2024, 9.2% in 2025, and 10.3% in 2026 [4] - The current P/E ratio is 48.42x for 2022, 43.13x for 2023, and is forecasted to be 35.25x in 2024, 28.15x in 2025, and 22.88x in 2026 [4] Market Data - The 52-week stock price range is 13.60-27.21 CNY [6] - The total market capitalization is 6.481 billion CNY [6] - The total shares outstanding are 271 million, with 270 million A-shares in circulation [6] Industry Trends - The semiconductor industry is benefiting from AI-driven demand for new and expanded factories [3] - The automotive parts industry is seeing increased demand for AI in industrial scenarios [3] - The equipment manufacturing industry is rapidly upgrading to intelligent equipment and eliminating outdated production capacity [3]

证券代码：300378 证券简称：鼎捷数智 鼎捷数智股份有限公司投资者关系活动记录表 编号：2024-004 | --- | --- | --- | --- | |-------------------------|-------------------------------------|----------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | 特定对象调研 | 分析师会议 | 媒体采访 | | 投资者关系活 动类别 | 业绩说明会 | 新闻发布会 | 路演活动 | | | 现场参观 | 其他 | 上市公司投资者交流活动 | | 参与单位名称 及人员姓名 | 资者 | | 中金公 ...

证券代码：300378 证券简称：鼎捷数智 鼎捷数智股份有限公司 Digiwin Co., Ltd. 鼎捷数智股份有限公司 向不特定对象发行可转换公司债券募集资金 使用的可行性分析报告 （修订稿） 二〇二四年十月 鼎捷数智股份有限公司（以下简称"鼎捷数智"、"公司"）拟向不特定 对象发行可转换公司债券。根据中国证券监督管理委员会《上市公司证券发行 注册管理办法》的规定，公司就本次向不特定对象发行可转换公司债券募集资 金运用的可行性说明如下： 一、本次募集资金使用计划 本次向不特定对象发行可转换公司债券募集资金总额不超过人民币 83,766.42 万元（含人民币 83,766.42 万元），扣除发行费用后的募集资金净额 拟投资于以下项目： 本次发行募集资金到位之前，公司将根据募集资金投资项目的实际情况， 以自筹资金先行投入，并在募集资金到位后，依相关法律法规的要求和程序予 以置换。募集资金到位后，若扣除发行费用后的实际募集资金净额少于拟投入 募集资金总额，在本次发行募集资金投资项目范围内，公司将根据实际募集资 金数额，按照项目的轻重缓急等情况，调整并最终决定募集资金的具体投资项 目、顺序及各项目的具体投资额，募 ...

第五届董事会第十三次会议决议公告 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。 鼎捷数智股份有限公司（以下简称"公司"）第五届董事会第十三次会议通 知已于 2024 年 10 月 23 日以邮件、电话确认方式发出。会议于 2024 年 10 月 30 日 13 时 30 分以现场及通讯方式在公司会议室举行。会议应出席董事 9 名，实际 出席董事 9 名，其中董事刘宗长先生、揭晓小女士以通讯方式出席会议。本次董 事会会议由公司董事长叶子祯先生召集并主持，公司监事、高级管理人员列席了 本次会议。会议的召开符合有关法律、行政法规、部门规章、规范性文件和《鼎 捷数智股份有限公司章程》（以下简称"《公司章程》"）的规定。经与会董事 认真审议，做出如下决议： 一、审议通过《2024 年第三季度报告》 证券代码：300378 证券简称：鼎捷数智 公告编码：2024-10092 《 2024 年 第 三 季 度 报 告 》 具 体 内 容 详 见 公 司 披 露 于 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上的相关公告。 鼎捷数智股份有限公司 ...