Financial Performance - In Q1 2024, the company achieved revenue of CNY 107.29 million, a year-on-year increase of 0.13%[5] - Net profit attributable to shareholders was CNY 25.32 million, representing a 54.33% increase compared to the same period last year[5] - The company's cash flow from operating activities was CNY 21.08 million, a significant increase of 331.67% year-on-year[5] - Total operating revenue for Q1 2024 was CNY 107,289,043.48, a slight increase from CNY 107,154,691.45 in Q1 2023, representing a growth of approximately 0.13%[21] - Net profit for Q1 2024 reached CNY 25,010,594.70, up from CNY 17,045,530.35 in Q1 2023, indicating a significant increase of about 46.8%[23] - Basic earnings per share for Q1 2024 were CNY 0.12, up from CNY 0.08 in Q1 2023, representing a growth of 50%[23] Market Performance - The international market generated revenue of CNY 60.22 million, up 23.4% year-on-year, driven by expanded application scenarios and sustained customer orders[11] - Domestic market revenue was CNY 47.07 million, down 19.3% year-on-year, primarily due to a high growth base from Q4 2022[12] Profitability and Margins - The gross profit margin for Q1 2024 was 63.95%, an increase of 7.55% year-on-year, attributed to a higher proportion of international market revenue[12] - The company reported a gross profit margin improvement, with gross profit for Q1 2024 at CNY 68,615,383.26, compared to CNY 60,433,851.41 in Q1 2023, indicating a margin increase[21] Assets and Liabilities - Total assets at the end of the quarter were CNY 1.23 billion, a slight increase of 0.22% from the end of the previous year[5] - The company's total assets amounted to CNY 1,225,644,579.07, compared to CNY 1,222,966,978.25 in the previous year, showing a marginal increase[20] - Total liabilities decreased to CNY 95,622,468.21 from CNY 118,794,328.27, reflecting a reduction of approximately 19.4%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,270[14] - The largest shareholder, Jiang Weili, holds 16.04% of the shares, totaling 34,081,040 shares[14] - The total number of shares held by the top ten shareholders represents a significant portion of the company's equity, with the top three alone holding over 38%[14] - The total number of restricted shares held by major shareholders decreased from 74,212,770 to 70,370,760, a reduction of approximately 5.4%[16] - The company plans to release 25% of the restricted shares for Jiang Weili and He Xin on January 1, 2025[16] - The company has no preferred shareholders or changes in preferred shareholder structure reported[16] Research and Development - R&D investment for the quarter was CNY 19.83 million, a decrease of 20.2% year-on-year, accounting for 18.5% of total revenue[13] - Research and development expenses for Q1 2024 were CNY 15,179,070.03, down from CNY 17,139,820.22 in Q1 2023, a decrease of about 11.4%[21] Cash Flow and Management - The company’s cash flow from operating activities showed improvement, contributing positively to the overall financial health[24] - The net cash flow from operating activities increased to ¥21,080,615.17 from a negative ¥9,099,337.69 in the previous period, marking a significant turnaround[25] - Cash inflow from operating activities totaled ¥131,148,341.40, up from ¥104,302,429.93, representing an increase of approximately 25.8%[25] - Cash outflow from operating activities decreased to ¥110,067,726.23 from ¥113,401,767.62, indicating improved cash management[25] - The net cash flow from investing activities was negative at ¥67,372,118.23, worsening from a negative ¥28,209,158.43 in the previous period[26] - Cash inflow from investing activities decreased to ¥44,945,580.14 from ¥53,486,596.46, a decline of about 15.5%[25] - Cash outflow from investing activities increased to ¥112,317,698.37 from ¥81,695,754.89, reflecting higher investment expenditures[25] - The net cash and cash equivalents decreased by ¥47,838,103.02, compared to a decrease of ¥37,060,185.37 in the previous period[26] - The ending balance of cash and cash equivalents was ¥182,466,579.48, up from ¥176,301,300.25, showing a slight improvement[26] - The company did not report any cash inflow from financing activities during the period[26] - The impact of exchange rate changes on cash and cash equivalents was negative at ¥1,546,599.96, contrasting with a positive impact of ¥248,310.75 in the previous period[26] Future Outlook - Future outlook includes continued focus on R&D and potential market expansion strategies to enhance revenue growth[24]

表决结果：3 票同意，0 票反对，0 票弃权，获得通过。 三、备查文件 北京康斯特仪表科技股份有限公司（以下简称"公司"）于 2024 年 4 月 13 日 以电子邮件、传真等形式通知了全体监事，召开第六届监事会第五次会议。会议 于 2024 年 4 月 23 日在北京市海淀区丰秀中路 3 号院 5 号楼公司会议室召开。本 次监事会应出席会议的监事 3 人，实际出席监事 3 人，会议由监事会主席李俊平 先生主持。会议召集、召开符合《中华人民共和国公司法》及《公司章程》中关 于监事会召开的有关规定，所作决议合法有效。 二、监事会会议审议情况 1. 《北京康斯特仪表科技股份有限公司 2024 年第一季度报告》 经审议，监事会一致认为：公司 2024 年第一季度报告符合法律、行政法规、 中国证监会和深圳证券交易所的相关规定，报告内容真实、准确，完整，不存在 任何虚假记载、误导性陈述或者重大遗漏。我们同意公司对外报出。 第六届监事会第五次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 证券代码：300445 证券简称：康斯特 公告 ...

证券代码：300445 证券简称：康斯特 公告编号：2024-023 北京康斯特仪表科技股份有限公司 2023 年度股东大会决议公告 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。 重要提示： 1. 本次股东大会无增加、变更、否决提案的情况； 2. 本次股东大会以现场表决、网络投票方式进行。 一、 会议召开的基本情况 （一）会议召开情况 1. 股东大会届次：2023 年度股东大会 2. 会议召集人：公司董事会 3. 会议召开的合法、合规性：公司第六届董事会第四次会议审议通过了《关 于召开 2023 年度股东大会的议案》，本次股东大会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《公司章程》等规定。 4. 会议时间 （1）现场会议召开时间：2024 年 4 月 18 日（星期四）14:00； （2）网络投票时间：2024 年 4 月 18 日，其中： ①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 18 日 9:15-9:25，9:30-11:30，13:00-15:00； ①通过深圳证券交易所互联网系统投票的具体时间为 20 ...

北京市天元律师事务所 关于北京康斯特仪表科技股份有限公司 2023 年度股东大会的法律意见 京天股字（2024）第 133 号 致：北京康斯特仪表科技股份有限公司 北京康斯特仪表科技股份有限公司（以下简称"公司"）2023 年度股东大会 （以下简称"本次股东大会"）采取现场投票与网络投票相结合的方式，现场会议 于 2024 年 4 月 18 日在北京市海淀区丰秀中路 3 号院 5 号楼公司会议室召开。北京 市天元律师事务所（以下简称"本所"）接受公司聘任，指派本所律师参加本次股 东大会现场会议，并根据《中华人民共和国公司法》《中华人民共和国证券法》 （以下简称"《证券法》"）、《上市公司股东大会规则》（以下简称"《股东大会规 则》"）以及《北京康斯特仪表科技股份有限公司章程》（以下简称"《公司章 程》"）等有关规定，就本次股东大会的召集、召开程序、出席现场会议人员的资 格、召集人资格、会议表决程序及表决结果等事项出具本法律意见。 为出具本法律意见，本所律师审查了《北京康斯特仪表科技股份有限公司第 六届董事会第四次会议决议公告》《北京康斯特仪表科技股份有限公司第六届监事 会第四次会议决议公告》《北京康斯特仪表科 ...

证券代码：300445 证券简称：康斯特 公告编号：2024-022 北京康斯特仪表科技股份有限公司 关于召开 2023 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公告内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 北京康斯特仪表科技股份有限公司（以下简称"公司"）第六届董事会第四次 会议审议通过了《关于召开 2023 年度股东大会的议案》，现将本次股东大会的有 关事项公告如下： 一、会议召开的基本情况 1、股东大会届次：2023 年度股东大会 2、会议召集人：公司董事会 3、会议召开的合法、合规性：公司第六届董事会第四次会议审议通过了《关 于召开 2023 年度股东大会的议案》，本次股东大会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《公司章程》等规定。 4、会议时间 （1）现场会议召开时间：2024 年 4 月 18 日（星期四）14:00； （2）网络投票时间：2024 年 4 月 18 日，其中： ①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 18 日 9:15-9:25，9:30-11:30，13:00-15:00； ②通过深圳证券交易 ...

Investment Rating - The report assigns a "Buy" rating for the company with a target price of 21.96 yuan over the next six months [1][12]. Core Insights - The company achieved a revenue of 498 million yuan in 2023, representing a year-on-year growth of 20.36%, and a net profit of 102 million yuan, up 35.05% year-on-year [1]. - The fourth quarter of 2023 saw a revenue of 167 million yuan, a year-on-year increase of 35.97%, and a net profit of 32 million yuan, which is a significant year-on-year growth of 158.21% [1]. - The company has shown a strong improvement in profitability, with a gross margin of 64.45% in 2023, up 0.96 percentage points year-on-year [2]. Summary by Sections Financial Performance - In 2023, the company's comprehensive gross margin was 64.45%, with a net profit margin of 20.35%, an increase of 2.03 percentage points year-on-year [2][74]. - The revenue from calibration testing products was 468 million yuan, a growth of 19.9% year-on-year, with digital pressure detection products contributing 361 million yuan, up 21.8% [11][78]. Business Segments - The revenue from digital pressure detection products was 361 million yuan, with a gross margin of 73.19%, while temperature and humidity detection products generated 78.03 million yuan with a gross margin of 55.78% [11][78]. - The company is expanding its sensor business, having developed high-precision pressure sensors with performance metrics of 0.01% F.S [27]. Profitability Forecast - The company is expected to maintain a compound annual growth rate (CAGR) of 30% in net profit over the next three years, with projected net profits of 129 million yuan, 177 million yuan, and 228 million yuan for 2024, 2025, and 2026 respectively [12][82]. - The report anticipates that the gross margin for digital pressure detection products will remain high, projected at 73.2% in 2024, increasing to 74.0% by 2026 [64].

Investment Rating - The report assigns a "Buy" rating for the company, indicating an expected stock price increase of over 15% relative to the industry index within the next six months [8][38]. Core Insights - The company is expected to benefit from the growing MEMS pressure sensor market, with projections indicating a market size increase from $1.684 billion in 2019 to $2.215 billion by 2026, representing a compound annual growth rate (CAGR) of approximately 5% [1][11]. - The company has a diversified product structure and a comprehensive sales system that can respond quickly on a global scale, which is expected to drive future growth, particularly through the expansion of its SaaS services [2][38]. - The company achieved a revenue of 498 million yuan in 2023, a year-on-year increase of 20.36%, and a net profit of 102 million yuan, reflecting a growth of 35.05% [34][72]. Financial Performance - The company's revenue is projected to grow from 613 million yuan in 2024 to 955 million yuan in 2026, with corresponding net profits expected to rise from 131 million yuan to 225 million yuan during the same period [4][38]. - The earnings per share (EPS) are forecasted to increase from 0.62 yuan in 2024 to 1.06 yuan in 2026, with price-to-earnings (P/E) ratios decreasing from 30.0 to 17.5 over the same timeframe [2][38]. - The gross margin for 2023 was reported at 64.45%, an increase of 0.96 percentage points year-on-year, driven by higher-value calibration testing products and digital platform revenue growth [35][48]. Market Position and Strategy - The company has established itself in the global market, with 90% of its products sold to developed regions such as the US, Europe, and Japan, and its main products priced 10% higher than international competitors [20][55]. - The company is actively expanding its MEMS pressure sensor project, with a production target of 300,000 sensor cores and 100,000 pressure sensors by 2023, which is expected to create a second growth curve for the company [36][88]. - The company is also focusing on enhancing its digital platform services, integrating testing technology with industrial IoT to provide comprehensive digital solutions for users [86].

2023 年公司实现营收 4.98 亿元、yoy+20.36%，实现归母净利润 1.02 亿元、 yoy+35.05%；盈利能力表现优异，销售毛利率/净利率分别同比提升 0.96 pct/2.03 pct。其中国内营收 2.84 亿元、yoy+21.8%，主要源自校准测试产 品业务重点行业客户的订单落地及数字化平台业务的快速拓展；国际营收 2.15 亿元、yoy+18.5%，主要源自校准测试产品业务在美国/美洲区域的韧 性增长、亚洲/大洋洲区域的快速增长及石化行业客户订单落地。 ①控股明德软件打造 SaaS 云平台，23 年数字化平台业务实现营收 0.25 亿 元、yoy+44.4%；公司目标打造集多参数数据采集、业务流程与实验室计量 器具管理、预测性维护、计量专家系统、区块链安全认证于一体的数字化 平台，也将助力公司检测仪器产品及传感器垂直产业体系的场景渗透，为 用户提供多层次、多样化服务。 | --- | --- | |----------------------------|-------------------------------| | | 2024 年 04 月 01 日 | | 投资评级 | ...

公 司 研 究 康斯特（300445.SZ）：国内营收高 增，盈利能力提升 毛利率、净利率均实现提升。2023 年公司三大主营产品：数字压力检测产品 收入 36,121.76 万元，同比增长 21.8%，营业收入占比 72.49%（+0.84pct）， 毛利率 73.19%（-0.27pct）；温湿度检测产品收入 7,803.15 万元，同比增长 11.7%，营业收入占比 15.66%（-1.22pct），毛利率 55.78%（+0.32pct）；过 程信号检测产品收入 2,867.59 万元，同比增长 21.1%，营业收入占比 5.75% （+0.03pct），毛利率 71.11%（+0.33pct）。公司主要产品毛利率保持稳定，且 高毛利产品数字压力检测和过程信号产品收入高增，带动公司毛利率整体提 升。2023 年四季度（单季度）公司销售费用、管理费用、研发费用占比分别 为 23.06%、8.75%、11.15%，相比 2022 年同期下降 1.12pct、1.16pct、6.71pct。 2023 年销售净利率较 2022 年提升 2.03pct 至 20.35%。 国内市场高增长，国际市场保持韧性。国 ...

公 司 研 究 康斯特（300445.SZ） 2024 年 03 月 29 日 | --- | --- | |-------------------------|-------------| | 日期 | 2024/3/28 | | 当前股价 ( 元 ) | 18.41 | | 一年最高最低 ( 元 ) | 21.36/12.69 | | 总市值 ( 亿元 ) | 39.11 | | 流通市值 ( 亿元 ) | 25.45 | | 总股本 ( 亿股 ) | 2.12 | | 流通股本 ( 亿股 ) | 1.38 | | 近 3 个月换手率 (%) | 459.03 | 业绩符合预期，收入结构优化带动毛利率向上 公司 2023 年实现营收 4.98 亿元，同比增长 20.4%；归母净利润 1.02 亿元，同比 增长 35.1%；扣非归母净利润 9721 万元，同比增长 7.0%。2023Q4 实现营收 1.67 亿元，同比增长 36.0%，归母净利润 3175 万元，同比增长 158%。公司综合毛利 率为 64.5%，同比增加 1.0 个百分点，主要因素系汇率波动，同时高附加值的校 准测试产品收入占比提升、数字 ...