Investment Rating - The report maintains a "Buy" rating for the company [2][4]. Core Views - The company reported a revenue of 3.694 billion yuan for the first three quarters of 2024, a year-on-year decrease of 4.7%, while the net profit attributable to shareholders was 152 million yuan, down 74.92% year-on-year [1]. - Despite the slight decrease in revenue, the company demonstrated stable revenue-generating capabilities in the smart IoT sector amid the current global economic environment [1]. - The gross profit margin for Q3 2024 reached 35.82%, reflecting a nearly 2 percentage point increase from Q2 2024, indicating operational improvement [1]. - The R&D expense ratio for Q3 2024 was 22.29%, significantly higher than the same period in 2023, which, while exerting short-term pressure on profits, lays a solid technical foundation for long-term development in the smart IoT field [2]. Financial Summary - Revenue (in million yuan): - 2022A: 5,445 - 2023A: 5,242 - 2024E: 5,280 - 2025E: 5,709 - 2026E: 6,261 - Year-on-year growth rates: - 2022: 32.0% - 2023: -3.7% - 2024E: 0.7% - 2025E: 8.1% - 2026E: 9.7% [3][11]. - Net profit (in million yuan): - 2022A: 769 - 2023A: 466 - 2024E: 331 - 2025E: 413 - 2026E: 527 - Year-on-year growth rates for net profit: - 2022: 18.8% - 2023: -39.4% - 2024E: -29.0% - 2025E: 24.6% - 2026E: 27.7% [3][11]. - Earnings per share (EPS): - 2022A: 1.67 - 2023A: 1.01 - 2024E: 0.72 - 2025E: 0.90 - 2026E: 1.15 [3][11].

Financial Performance - The company's revenue for Q3 2024 was CNY 1,293,572,881.74, a decrease of 7.04% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was CNY 47,598,267.64, down 78.17% year-on-year[2] - The net profit after deducting non-recurring gains and losses was CNY 38,615,715.89, a decrease of 77.54% compared to the previous year[2] - The operating cash flow for the year-to-date period was CNY 464,820,341.75, down 14.71% year-on-year[2] - The company achieved a year-to-date revenue of CNY 3,694,282,198.21, a decrease of 4.7% year-on-year[6] - Total operating revenue for the third quarter was CNY 3,694,282,198.21, a decrease of 4.7% compared to CNY 3,876,395,409.01 in the same period last year[15] - The company reported a net profit margin of approximately 2.6% for the quarter, down from 10.8% in the previous year[15] - The net profit for Q3 2024 was CNY 154.92 million, a decrease of 69.8% compared to CNY 512.11 million in the same period last year[16] - Operating profit for Q3 2024 was CNY 183.91 million, down 65.5% from CNY 534.07 million year-over-year[16] - The total comprehensive income for Q3 2024 was CNY 148.39 million, a decrease of 68.4% from CNY 470.23 million year-over-year[16] Cost and Expenses - Total operating costs increased to CNY 3,599,494,035.19, up 4.1% from CNY 3,459,342,537.91 year-over-year[15] - Research and development expenses rose to CNY 784,341,617.98, reflecting an increase of 11.3% compared to CNY 704,525,238.33 in the previous year[15] Cash Flow and Assets - Cash and cash equivalents decreased to CNY 3,212,203,419.50 from CNY 4,626,971,533.38, a decline of 30.6%[12] - The net cash flow from operating activities was CNY 464.82 million, a decrease of 14.6% from CNY 545.02 million in the same period last year[18] - The cash and cash equivalents at the end of Q3 2024 were CNY 3.21 billion, down 32.7% from CNY 4.77 billion at the end of Q3 2023[19] - The company reported a net cash outflow from investing activities of CNY 1.67 billion, compared to a net outflow of CNY 330.66 million in the previous year[18] - Accounts receivable decreased to CNY 1,706,574,922.76 from CNY 1,888,060,477.83, a reduction of 9.6%[12] - Inventory increased to CNY 951,982,920.09, up 12.8% from CNY 844,458,014.56[12] - Non-current assets totaled CNY 5,111,827,613.89, an increase from CNY 3,795,265,677.18, reflecting a growth of 34.7%[13] - Total liabilities decreased to CNY 1,604,603,450.74 from CNY 1,703,924,966.42, a decline of 5.8%[14] - The company's total equity increased to CNY 9,826,229,852.19 from CNY 9,755,262,643.61, reflecting a growth of 0.7%[14] Shareholder Information - The major shareholder Zhao Hongfei holds 26.64% of the shares, totaling 122,351,063 shares, with 10,940,000 shares pledged[8] - The top 10 shareholders account for a total of 42.58% of the company's shares, with Zhao Hongfei being the largest shareholder[9] - The company has 91,763,297 shares under lock-up due to executive restrictions, which will be released at a rate of 25% annually[10] - The total number of restricted shares at the end of the period is 92,917,718, after a reduction of 239,605 shares[11] - The company has seen a change in the top 10 shareholders due to share lending activities, with no shares remaining unreturned at the end of the period[9] - The shareholding of the Industrial and Commercial Bank of China - Huatai-PB CSI 300 ETF is 7,293,177 shares, representing 1.59% of the total shares[9] - The shareholding of the Industrial and Commercial Bank of China - E Fund ChiNext ETF is 9,351,886 shares, representing 2.04% of the total shares[9] - The company maintains a stable shareholder structure with no significant changes in the top shareholders' participation in financing activities[9] Business Development - The company is actively expanding its global business and establishing overseas sales and R&D centers[6] - The company has not reported any new product developments or market expansions in the current quarter[11] - There are no new strategies or mergers and acquisitions mentioned in the report[11] Profitability Metrics - The weighted average return on equity was 0.49%, down 1.85% compared to the previous year[2] - Basic earnings per share for Q3 2024 were CNY 0.3309, down 75.0% from CNY 1.3230 in the same period last year[16] - The company recorded a decrease in other comprehensive income after tax of CNY 6.52 million, compared to a loss of CNY 41.88 million in the previous year[16] - The company received CNY 8.49 billion from investment recoveries, significantly up from CNY 3.24 billion in the previous year[18] Quarterly Comparison - The company reported a significant improvement in Q3 results compared to Q2, with a quarter-on-quarter revenue growth of 5.8%[6] - The gross profit margin for Q3 2024 was 35.82%, an increase of approximately 2 percentage points from the previous quarter[6]

Summary of Conference Call Notes Industry and Company Overview - The conference call primarily discusses the advancements and applications of AI and robotics, particularly in the context of smart devices, automotive technology, and the Internet of Things (IoT) [1][3][4]. Key Points and Arguments AI and Smart Devices - The integration of hybrid AI and edge intelligence is expected to create numerous new scenarios, particularly in operating systems and AI chip combinations [1]. - AI smartphones are projected to grow over 300% in the coming years, driven by policy deployment and increasing demand for smart devices [1]. - The development of AI smartphones will enhance software development needs due to features like real-time voice recognition and video conferencing [2]. AI in IoT - AI accelerates the development of various IoT devices, including AR/VR/MR devices and wearables, by deploying AI capabilities on edge platforms [3]. - The company provides integrated solutions for AR glasses, supporting mainstream chips to promote long-term IoT development [3]. Automotive Industry - The automotive sector is a crucial area for AI, particularly in the context of autonomous driving and the integration of vehicle operating systems (OS) [4]. - The vehicle OS serves as a foundation for smart systems, addressing compatibility issues among different manufacturers' chips and software [5]. - The company collaborates with major chip manufacturers like Qualcomm to develop solutions for automotive applications, enhancing the smart cockpit experience [5][6]. Robotics - The company has capitalized on the software-defined cluster era, launching various robotic products and providing software support for industrial mobile robots [6][7]. - Orders have been received for these robotic solutions, indicating rapid growth in the industrial machinery sector [7]. Collaboration and Partnerships - The company has a significant partnership with Huawei, contributing to the HarmonyOS and Euler systems, and actively participating in multiple sectors including smartphones and automotive [8]. - Collaboration with chip manufacturers involves providing software reference designs and optimizing software to meet diverse product needs [18]. Automation and Efficiency - Automation in programming is advancing, enhancing efficiency across the software engineering process, from coding to delivery [9][10]. - The company is optimizing its talent structure and integrating AI to improve software engineering efficiency, although immediate financial metrics may not reflect these changes [11][12]. Revenue Segmentation - Revenue is categorized by product lines and scenarios, including smart devices, software, automotive, and IoT [13]. Future Growth and Market Trends - The telecom sector is expected to see growth in smartphone business, particularly with the rise of generative AI applications [14]. - The automotive industry is anticipated to experience long-term opportunities as AI technology matures [15]. - The overseas market has shown double-digit growth, particularly in the automotive sector, indicating a synchronized development with the domestic market [16]. IoT Development Trends - The IoT sector is in a recovery phase, with the potential for numerous opportunities despite the absence of blockbuster products [17]. Additional Important Content - The company has begun generating revenue from its skills business, indicating a diversification of its revenue streams [18]. - The company emphasizes the importance of deep collaboration with chip manufacturers to enhance the performance of next-generation chip platforms [18]. - Specific revenue and gross margin trends for the second half of the year will be disclosed in future reports [19].

Summary of the Conference Call Company Overview - The conference featured Rick from Zhongke Shangda, who provided insights into the company's recent operational status [1] Key Points and Arguments - Rick expressed gratitude for the invitation to participate in the online communication session, indicating a positive engagement with investors [1] Additional Important Content - The clarity of Rick's voice was confirmed, suggesting a smooth communication process during the call [1]

证券代码：300496 证券简称：中科创达 公告编号：2024-078 第四个归属期归属结果暨股份上市的公告 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。 重要内容提示： 1、本次归属限制性股票上市流通日为2024年10月17日。 2、本次归属限制性股票数量812,125股，占归属前公司总股本的0.18%。 2、本次归属限制性股票人数151人。 4、本次归属限制性股票来源为公司向激励对象定向发行公司A股普通股股票。 中科创达软件股份有限公司（以下简称"公司"）于2024年10月11日召开第五届 董事会第三次会议和第五届监事会第三次会议，审议通过了《关于公司2020年限制性 股票激励计划第四个归属期归属条件成就的议案》。近日公司办理了2020年限制性股 票激励计划第四个归属期归属股份的登记工作，现将有关具体情况公告如下： 中科创达软件股份有限公司 关于公司 2020 年限制性股票激励计划 一、2020 年限制性股票激励计划实施情况概要 （一）股权激励计划简介。 2020 年 8 月 13 日，公司第三届董事会第二十次会议审议通过了《关于公司<2020 年限制性 ...

上海金茂凯德（北京）律师事务所 关于中科创达软件股份有限公司 北京市朝阳区工体北路甲六号中宇大厦 1801-1802 室 邮编：100027 电话（Tel）：010-8523 5299 传真（Fax）：010-8523 5199 上海金茂凯德（北京）律师事务所 关于中科创达软件股份有限公司 2020 年限制性股票激励计划调整及 第四个归属期归属条件成就相关事项的 法律意见书 致：中科创达软件股份有限公司 2020 年限制性股票激励计划调整及 第四个归属期归属条件成就相关事项的 法律意见书 二零二四年十月 上海金茂凯德（北京）律师事务所（以下简称"本所"）接受中科创达软件股 份有限公司（以下简称"中科创达"或"公司"）委托，就中科创达2020年限制性股 票激励计划（以下简称"本次激励计划"）作废部分已获授但尚未归属的限制性股 票、调整限制性股票授予价格及第四个归属期归属条件成就相关事项（以下简称 "本次相关事项"），根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股权激励管 理办法》（以下简称"《管理办法》"）、《创业板上市公司持续监管办法 ...

中科创达软件股份有限公司 监事会关于 2021 年限制性股票激励计划 第三个归属期归属名单的核查意见 中科创达软件股份有限公司（以下简称"公司"）第五届监事会第三次会议 于 2024 年 10 月 11 日在公司会议室召开，审议通过了《关于公司 2021 年限制性 股票激励计划第三个归属期归属条件成就的议案》。 公司监事会依据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股权激励 管理办法》（以下简称"《管理办法》"）、《深圳证券交易所创业板股票上市 规则》（以下简称"《上市规则》"）和《中科创达软件股份有限公司章程》（以 下简称"《公司章程》"）等有关规定，对公司 2021 年限制性股票激励计划（以 下简称"本次激励计划"）第三个归属期归属名单进行审核，发表核查意见如下： 除 13 名激励对象因离职丧失激励对象资格，不符合归属条件外，公司 2021 年限制性股票激励计划第三个归属期 181 名激励对象符合《公司法》《证券法》 等法律、法规和规范性文件以及《公司章程》规定的任职资格，符合《管理办法》 《上市规则》等法律、法规和规范性文件规定 ...

证券代码：300496 证券简称：中科创达 公告编号：2024-076 中科创达软件股份有限公司 关于作废部分已获授但尚未归属的限制性股票的公告 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。 中科创达软件股份有限公司（以下简称"公司"）于2024年10月11日召开第 五届董事会第三次会议和第五届监事会第三次会议，审议通过了《关于作废2020 年限制性股票激励计划部分已获授但尚未归属的限制性股票的议案》、《关于作 废2021年限制性股票激励计划部分已获授但尚未归属的限制性股票的议案》，现 将有关具体情况公告如下： 一、股权激励计划已履行的相关审批程序 （一）2020 年限制性股票激励计划 4、2021 年 9 月 6 日，公司第四届董事会第三次会议和第四届监事会第三次 会议审议通过了《关于作废部分已获授但尚未归属的限制性股票的议案》、《关 于调整公司 2020 年限制性股票激励计划股票授予价格的议案》、《关于公司 2020 年限制性股票激励计划第一个归属期归属条件成就的议案》。监事会对归属期归 属名单进行了核实并发表了同意的意见，公司独立董事对上述事项发表了同 ...

2024 年 10 月 11 日 公司监事会依据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股权激励 管理办法》（以下简称"《管理办法》"）、《深圳证券交易所创业板股票上市 规则》（以下简称"《上市规则》"）和《中科创达软件股份有限公司章程》（以 下简称"《公司章程》"）等有关规定，对公司 2020 年限制性股票激励计划（以 下简称"本次激励计划"）第四归属期归属名单进行审核，发表核查意见如下： 除 13 名激励对象因离职丧失激励对象资格，不符合归属条件外，公司 2020 年限制性股票激励计划第四个归属期 153 名激励对象符合《公司法》《证券法》 等法律、法规和规范性文件以及《公司章程》规定的任职资格，符合《管理办法》 《上市规则》等法律、法规和规范性文件规定的激励对象条件，符合本次激励计 划规定的激励对象范围，其作为公司本次限制性股票激励计划激励对象的主体资 格合法、有效，激励对象获授限制性股票的归属条件已成就。 监事会同意本次符合条件的 153 名激励对象办理归属，本次对应限制性股票 的归属数量为 813,500 股。上述事项符合相 ...

证券代码：300496 证券简称：中科创达 公告编号：2024-074 中科创达软件股份有限公司 关于公司 2020 年限制性股票激励计划 第四个归属期归属条件成就的公告 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。 重要内容提示： 中科创达软件股份有限公司（以下简称"公司"）于2024年10月11日召开第五届 董事会第三次会议和第五届监事会第三次会议，审议通过了《关于公司2020年限制性 股票激励计划第四个归属期归属条件成就的议案》，现将有关具体情况公告如下： 一、2020 年限制性股票激励计划实施情况概要 2. 本激励计划的授予数量 本激励计划授予的限制性股票总量为 365.95 万股，占本激励计划草案公告时公 司股本总额 42,316.7207 万股的 0.86%。激励对象共计 214 人，包括公司董事、高级 管理人员；公司中层管理人员；公司核心技术（业务）骨干。授予价格为 48.06 元/股。 1 限制性股票拟归属数量：813,500股 归属股票来源：公司向激励对象定向发行公司A股普通股 3. 归属期安排 | 归属安排 | 归属时间 | 归属权益数量 ...