Investment Rating - The report maintains a "Recommended" rating for the company [2][3]. Core Insights - In 2023, the company achieved revenue of 4.4 billion yuan, a year-on-year increase of 60.3%, and a net profit attributable to shareholders of 1.76 billion yuan, up 47.0% year-on-year [2]. - The company has experienced steady growth in the computing power center sector, benefiting from a significant development opportunity in the industry [2]. - The company has expanded its resource base and solidified its development foundation by increasing energy consumption and supporting infrastructure [2]. - The company has established a leading position in the IDC sector and is recognized as a leader in liquid cooling technology [2]. - The company is expected to achieve revenues of 6.14 billion yuan, 8.08 billion yuan, and 10.93 billion yuan from 2024 to 2026, with corresponding net profits of 2.47 billion yuan, 3.33 billion yuan, and 4.61 billion yuan [2]. Financial Summary - In 2023, the company reported total revenue of 4.35 billion yuan and a net profit of 1.76 billion yuan, with a growth rate of 60.3% and 47.0% respectively [3]. - The projected revenue for 2024, 2025, and 2026 is 6.14 billion yuan, 8.08 billion yuan, and 10.93 billion yuan, with growth rates of 41.0%, 31.7%, and 35.3% respectively [3]. - The earnings per share (EPS) are expected to be 1.44 yuan, 1.94 yuan, and 2.68 yuan for the years 2024, 2025, and 2026, with corresponding price-to-earnings (P/E) ratios of 20, 15, and 11 [3].

审计报告 润泽智算科技集团股份有限公司 容诚审字[2024]518Z0406 号 容诚会计师事务所(特殊普通合伙) 中国·北京 目 录 | 序号 | 内 容 | 页码 | | --- | --- | --- | | 1 | 审计报告 | 1-7 | | 2 | 合并资产负债表 | 8 | | 3 | 合并利润表 | 9 | | 4 | 合并现金流量表 | 10 | | 5 | 合并所有者权益变动表 | 11 - 12 | | 6 | 母公司资产负债表 | 13 | | 7 | 母公司利润表 | 14 | | 8 | 母公司现金流量表 | 15 | | 9 | 母公司所有者权益变动表 | 16 - 17 | | 10 | 财务报表附注 | 18 - 121 | 审 计 报 告 容诚会计师事务所(特殊普通合伙) 总所：北京市西城区阜成门外大街 22 号 外经贸大厦 15 层/922-926(10037) TEL: 010-6600 1391 FAX: 010-6600 1392 E-mail:bj@rsmchina.com.cn https//WWW.rsm.global/china/ 容诚审字[2024]518 ...

非经营性资金占用及其他关联资金 往来情况专项说明 润泽智算科技集团股份有限公司 容诚专字[2024]518Z0451 号 容诚会计师事务所(特殊普通合伙) 中国·北京 容诚会计师事务所(特殊普通合伙) 总所：北京市西城区阜成门外大街 22 号 外经贸大厦 15 层/922-926(100037) TEL: 010-6600 1391 FAX: 010-6600 1 392 E-mail:bj@rsmchina.com.cn 关于润泽智算科技集团股份有限公司 非经营性资金占用及其他关联资金往来情况专项说明 容诚专字[2024]518Z0451 号 润泽智算科技集团股份有限公司全体股东： 我们接受委托，依据中国注册会计师审计准则审计了润泽智算科技集团股份 有限公司（以下简称"润泽科技"）2023 年 12 月 31 日的合并及母公司资产负债 表，2023 年度的合并及母公司利润表、合并及母公司现金流量表和合并及母公司 所有者权益变动表以及财务报表附注，并于 2024 年 4 月 16 日出具了容诚审字 [2024]518Z0406 号的无保留意见审计报告。 根据中国证券监督管理委员会《上市公司监管指引第 8 号— ...

Dividend Distribution - The company plans to distribute a cash dividend of 1.27 RMB per 10 shares to all shareholders, based on a total of 1,720,577,649 shares[3]. - The board has proposed a mid-term cash dividend plan for 2024 not exceeding 700 million RMB[3]. - The company plans to distribute a cash dividend of 3.90 yuan per 10 shares, totaling 669.62 million yuan, and proposes a further cash dividend of 1.27 yuan per 10 shares for 2023, totaling 218.51 million yuan[67]. Financial Performance - The company reported a total revenue of RMB 1.2 billion for the fiscal year 2023, representing a year-over-year increase of 15% compared to RMB 1.04 billion in 2022[19]. - The company's operating revenue for 2023 reached ¥4,350,788,339.36, representing a 60.27% increase compared to ¥2,714,740,688.79 in 2022[25]. - Net profit attributable to shareholders for 2023 was ¥1,761,820,497.58, a 47.03% increase from ¥1,198,254,367.29 in 2022[25]. - The net profit after deducting non-recurring gains and losses was ¥1,708,911,819.87, up 50.18% from ¥1,137,933,183.69 in 2022[25]. - The company reported a basic earnings per share of ¥1.03, down 34.39% from ¥1.57 in 2022[25]. - In 2023, the company achieved total revenue of 4,350.79 million yuan, an increase of 60.27% year-over-year, with a compound annual growth rate of 44.83% since 2019[65]. - The net profit attributable to shareholders reached 1,761.82 million yuan, up 47.03% from the previous year, with a compound annual growth rate of 93.13% since 2019[65]. User Growth and Market Expansion - The user base expanded to 500,000 active users, marking a growth of 25% from 400,000 users in the previous year[19]. - The company anticipates significant growth in user data metrics, which will support its revenue targets for the next fiscal year[158]. - The company has initiated a market expansion strategy targeting the Southeast Asian region, aiming for a 10% market share by 2025[19]. - The company is expanding its market presence, targeting new regions with a projected investment of 50 million over the next two years[164]. Revenue Projections - The company anticipates a revenue growth of 20% for the next fiscal year, projecting total revenue to reach RMB 1.44 billion[19]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion[164]. - New product launches are expected to contribute an additional 200 million in revenue, with a focus on innovative technology solutions[164]. Research and Development - Investment in R&D for new technologies is set to increase by 40%, reaching RMB 200 million in 2024[19]. - The total R&D investment amounted to CNY 101,241,386.45 in 2023, representing 2.33% of operating revenue, down from 3.57% in 2022[91]. - Research and development efforts have increased by 25%, with a budget allocation of 100 million for new technology advancements[164]. - The company completed several R&D projects, including the "Liquid Cooling Environment Monitoring Platform" and "Immersive Liquid Cooling Server Rack" aimed at enhancing operational efficiency and safety[87]. Strategic Initiatives - The company is actively pursuing strategic acquisitions to enhance its market position, with a target of completing two acquisitions by the end of 2024[19]. - The company is exploring potential mergers and acquisitions to accelerate its growth trajectory and expand its service offerings[160]. - The company is committed to continuous investment in intelligent computing and digital economy sectors to solidify its position in China's digital economy[134]. Infrastructure Development - The company plans to expand its data center capacity by 30% in the next year, increasing from 1,000 racks to 1,300 racks[19]. - The company has established 7 AIDC intelligent computing infrastructure clusters across 6 major regions in China, with a total planned capacity of approximately 32,000 racks[41]. - The company has established a total of approximately 61 intelligent computing centers and 320,000 racks nationwide, primarily located in satellite cities of first-tier cities[54]. - The company delivered a total of 5 data centers in key regions including Beijing-Tianjin-Hebei, Yangtze River Delta, and the Greater Bay Area in 2023, contributing to steady revenue growth[51]. Environmental Commitment - The company is committed to achieving carbon neutrality by 2060, aligning with national dual carbon goals[19]. - The company is focused on achieving carbon peak and carbon neutrality goals through energy-saving infrastructure improvements[87]. - The company has implemented various measures to enhance its green development efforts, including the development of energy-saving technologies[199]. Governance and Compliance - The company has a robust governance structure in place, ensuring compliance with relevant laws and regulations to protect shareholder interests[137]. - The company has established a board of directors consisting of 9 members, including 1 employee director and 3 independent directors, complying with legal and regulatory requirements[140]. - The company emphasizes information disclosure and investor relations management, ensuring timely and accurate information dissemination to all shareholders[142]. Employee Management - The total number of employees at the end of the reporting period was 1,305, with 1,014 being technical personnel[176]. - The company has a clear and structured compensation policy that aligns employee remuneration with performance and company goals[178]. - The employee training program was enhanced in 2023, focusing on various training formats to improve skills and competencies across different employee levels[179]. Financial Management - The company has maintained a healthy asset-liability ratio of 63.34%, with total assets of 23,310.85 million yuan and total liabilities of 14,765.19 million yuan as of December 31, 2023[65]. - The company has a high proportion of overseas assets, indicating potential for market expansion[97]. - The company has implemented a fair and transparent performance evaluation and incentive mechanism for senior management, continuously improving it[143].

润泽智算科技集团股份有限公司 审计报告 容诚审字[2024]518Z0406 号 容诚会计师事务所(特殊普通合伙) 中国·北京 目 录 | 序号 | 内 容 | 页码 | | --- | --- | --- | | 1 | 审计报告 | 1-7 | | 2 | 合并资产负债表 | 8 | | 3 | 合并利润表 | 9 | | 4 | 合并现金流量表 | 10 | | 5 | 合并所有者权益变动表 | 11 - 12 | | 6 | 母公司资产负债表 | 13 | | 7 | 母公司利润表 | 14 | | 8 | 母公司现金流量表 | 15 | | 9 | 母公司所有者权益变动表 | 16 - 17 | | 10 | 财务报表附注 | 18 - 121 | 审 计 报 告 容诚会计师事务所(特殊普通合伙) 总所：北京市西城区阜成门外大街 22 号 外经贸大厦 15 层/922-926(10037) TEL: 010-6600 1391 FAX: 010-6600 1392 E-mail:bj@rsmchina.com.cn https//WWW.rsm.global/china/ 容诚审字[2024]518 ...

华泰联合证券有限责任公司 关于润泽智算科技集团股份有限公司 2023 年度内部控制自我评价报告的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"、"独立财务顾问"） 作为润泽智算科技集团股份有限公司（以下简称"润泽科技"或"公司"）重大资 产置换、发行股份购买资产并募集配套资金暨关联交易的独立财务顾问及持续 督导机构，根据《深圳证券交易所上市公司自律监管指南第 1 号——业务办 理》、《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》等相关法律法规和规范性文件的要求，对润泽科技《2023 年度内部控 制自我评价报告》进行了审慎核查，具体核查情况及核查意见说明如下： 一、独立财务顾问对公司《2023 年度内部控制自我评价报告》的核查工作 本独立财务顾问认真审阅了润泽科技《2023年度内部控制自我评价报告》， 通过查阅公司股东大会、董事会、监事会等会议文件以及各项业务和管理规章 制度的方式，从润泽科技内部控制环境、内部控制制度建设、内部控制实施情 况等方面对其内部控制的完整性、合理性、有效性和《2023 年度内部控制自我 评价报告》的真实性、客观性进行了核查。 二、公司对内部 ...

证券代码：300442 证券简称：润泽科技 公告编号：2024-014 润泽智算科技集团股份有限公司 关于举行 2023 年度业绩说明会的公告 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。 润泽智算科技集团股份有限公司（简称"公司"）的《2023 年年度报告》 及其摘要已于 2024 年 4 月 18 日在中国证监会指定的创业板信息披露网站巨潮资 讯网（http://www.cninfo.com.cn）披露，为了让广大投资者更全面深入地了解公 司的经营业绩、发展战略等情况，进一步加强公司与投资者的沟通互动，公司拟 于 2024 年 4 月 22 日（星期一）15:00—16:00 通过远程网络直播的方式召开 2023 年度业绩说明会（简称"本次说明会"）。现就相关事宜公告如下： 一、会议时间、地点和方式 （1）方式一：全景网"全景路演" 投 资 者 可 登 录 全 景 网 " 润 泽 科 技 2023 年 度 业 绩 说 明 会 " （https://rs.p5w.net/html/141713.shtml）参与本次说明会； （2）方式二：华泰证券行知官网 ...

润泽智算科技集团股份有限公司 2023 年度内部控制自我评价报告 润泽智算科技集团股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引（简称"企业内部控制规范体 系"）、《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、法规的要求，结合润泽智算科技集团股份有限公司（简称 "公司"）内部控制制度和评价办法，在内部控制日常监督和专项监督的基础上， 我们对公司 2023 年 12 月 31 日（内部控制评价报告基准日）的内部控制有效性 进行了评价。 一、重要声明 （一）内部控制评价范围 在董事会、监事会、管理层及全体员工的持续努力下，公司已经建立起一套 比较完整且运行有效的内部控制体系，从公司层面到各业务流程层面均建立了系 统的内部控制及必要的内部监督机制，为公司经营管理的合法合规、资产安全、 财务报告及相关信息的真实、完整提供了合理保障。公司按照风险导向原则确定 纳入评价范围的主要单位、业务和事项以及高风险领域。 按照企业内部控制规范体系的规定，建立健全并有效实施内部控制，评价其 有效性且如实披露内部控制评价报告是公司董事会的责任。监事会对董事会建立 和实施内部控 ...

关于北京慧运维技术有限公司2023年度 业绩承诺实现情况说明的审核报告 润泽智算科技集团股份有限公司全体股东： 我们接受委托，审核了后附的润泽智算科技集团股份有限公司（以下简称"润泽科 技"）管理层编制的《关于北京慧运维技术有限公司2023年度业绩承诺实现情况的说明》 （以下简称"业绩承诺实现情况说明"）。 一、管理层的责任 按照企业会计准则及深圳证券交易所有关规定，编制业绩承诺实现情况说明，保证 其内容真实、准确、完整，不存在虚假记录、误导性陈述或重大遗漏是润泽科技管理层 的责任。 容诚专字[2024]518Z0465号 容诚会计师事务所(特殊普通合伙) 中国·北京 目 录 | 序号 | 内 | 容 | 页码 | | --- | --- | --- | --- | | 1 | 业绩承诺实现情况说明的审核报告 | | 1-2 | | 2 | 业绩承诺实现情况的说明 | | 3-8 | 容诚会计师事务所(特殊普通合伙) 总所：北京市西城区阜成门外大街22号 外经贸大厦15层/922-926(100037) TEL:010-66001391FAX:010-66001392 E-mail:bj@rsmchina.c ...

润泽智算科技集团股份有限公司 未来三年（2024 年——2026 年）股东分红回报规划 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。 根据中国证监会《关于进一步落实上市公司现金分红有关事项的通知》（证 监发[2012]37 号）、《上市公司监管指引第 3 号——上市公司现金分红》等相关 法律、法规、规范性文件，以及《润泽智算科技集团股份有限公司章程》（简称 "《公司章程》"）的规定，润泽智算科技集团股份有限公司（简称"公司"） 制定了《关于公司未来三年（2024 年—2026 年）股东分红回报规划》（简称"本 规划"），具体内容如下： 一、制定本规划的考虑因素 公司着眼于长远、可持续的发展，充分重视对投资者的合理回报，综合考虑 公司发展战略规划、实际经营情况，建立对投资者持续、稳定、科学的回报规划 与机制，在平衡短期利益和长期回报基础上对利润分配作出制度性安排，以保证 利润分配政策的连续性和稳定性。 证券代码：300442 证券简称：润泽科技 公告编号：2024-011 二、本规划的制定原则 本规划的制定应在符合《中华人民共和国公司法》等法律法规、规范性文件 ...