Investment Rating - The investment rating for the company is not explicitly stated in the provided content, but it suggests a continuous focus on monitoring the company due to its position as a leading global intelligent operating system provider and the opportunities in the edge AI market [6][9]. Core Viewpoints - The company reported a revenue of 2.401 billion yuan in the first half of 2024, a year-on-year decrease of 3.39%, with a net profit attributable to shareholders of 104 million yuan, down 73.10% year-on-year [9]. - The gross profit margin decreased to 36.80%, down 4.49 percentage points year-on-year, indicating pressure on profitability [9]. - The company is focusing on its "operating system + edge intelligence" strategy and expanding its global business, with overseas revenue reaching 859 million yuan, a year-on-year increase of 14.20% [9]. Financial Performance Summary - In the first half of 2024, the company achieved a revenue of 2.401 billion yuan, with a net profit of 104 million yuan, and a gross margin of 36.80% [9]. - For the second quarter of 2024, revenue was 1.223 billion yuan, a decline of 7.27% year-on-year, with a net profit of 14 million yuan, down 93.80% year-on-year [9]. - The company’s revenue projections for 2024-2026 are adjusted to 5.342 billion yuan, 5.889 billion yuan, and 6.726 billion yuan, with corresponding year-on-year growth rates of 1.90%, 10.24%, and 14.22% [9][10]. Business Segment Analysis - The intelligent software segment reported revenue of 761 million yuan, down 17.67% year-on-year, while the intelligent automotive segment saw revenue of 1.102 billion yuan, up 4.34% year-on-year [9]. - The intelligent IoT segment generated revenue of 538 million yuan, reflecting a growth of 6.59% year-on-year, benefiting from the recovery in industry intelligence [9]. - The company is actively developing innovative products in robotics, vehicle operating systems, AI mobile phones, and AI PCs, which positions it well in the market [9].

Investment Rating - The investment rating for the company is "Buy," maintaining the previous rating of "Buy" [1]. Core Views - The company's revenue for the first half of 2024 was CNY 2.401 billion, a year-on-year decrease of 3.39%, while the net profit attributable to the parent company was CNY 104 million, down 73.10% year-on-year [1]. - The company is facing pressure on performance due to downstream demand, but its overseas business is maintaining growth [1]. - The company is increasing its investment in edge intelligence, aiming to enhance its core capabilities in smart terminals [1][2]. Summary by Sections Financial Performance - In Q2 2024, the company achieved revenue of CNY 1.223 billion, a year-on-year decrease of 7.27%, and a net profit of CNY 14 million, down 93.80% year-on-year [1]. - The gross margin decreased by 4.49 percentage points compared to the same period last year [1]. - The smart automotive segment generated revenue of CNY 1.102 billion, up 4.34% year-on-year, while the smart software segment saw revenue drop by 17.67% [1]. - The company’s revenue from domestic markets was CNY 1.542 billion, down 11.02% year-on-year, while revenue from Europe and the US was CNY 440 million, up 2.58% [1]. Research and Development - R&D expenses increased by CNY 52.898 million in the first half of 2024, a rise of 11.94% year-on-year [1]. - The company is focusing on edge intelligence, with plans to integrate existing products and technologies into this area [1]. Market Outlook - The company is expected to benefit from the ongoing trend of automotive intelligence, with projected EPS for 2024-2026 at CNY 0.57, CNY 1.12, and CNY 1.40, respectively [2]. - The P/E ratios for the same period are projected to be 57.94, 29.29, and 23.41 [2].

Investment Rating - The investment rating for the company is "Outperform the Market" [4][8] Core Views - The company is experiencing profit pressure due to global expansion, with a revenue of 2.401 billion (down 3.39%) and a net profit of 104 million (down 73.10%) in the first half of 2024. The non-recurring net profit is 88 million (down 75.23%) [5][8] - The company is increasing its R&D investment in edge AI, with a focus on operating systems and edge intelligence, achieving breakthroughs in areas such as vehicle operating systems and mobile robot platforms [5][8] - The company has established extensive chip ecosystem collaborations, including partnerships with Qualcomm and Luxshare Precision, to enhance its growth trajectory [5][8] Financial Performance Summary - In H1 2024, the company's revenue from intelligent software was 761 million (down 17.67%), intelligent automotive was 1.102 billion (up 4.34%), and IoT was 538 million (up 6.59%). Overseas revenue reached 859 million (up 14.20%) [5][8] - The gross margin for H1 2024 was 36.80%, a decrease of 4.49 percentage points. The expense ratios for sales, management, and R&D were 4.34%, 9.63%, and 20.66%, respectively, showing year-on-year increases [5][8] - The company has adjusted its profit forecasts for 2024-2026, expecting net profits of 470 million, 668 million, and 1.117 billion, respectively, with corresponding PE ratios of 50, 35, and 21 [8][9]

证券代码：300496 证券简称：中科创达 公告编号：2024-068 中科创达软件股份有限公司 关于控股股东部分股份补充质押的公告 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（以下称"公司"）近日接到控股股东赵鸿飞先生告知，获悉 赵鸿飞先生已将其所持有的公司部分股份办理了补充质押。截至本公告披露日，赵鸿飞先生 累计质押股份 1,094 万股,占其所持公司股份 8.94%。具体事项如下： 一、股东股份质押的基本情况 1、本次股东股份补充质押基本情况 | 是 否 | 为 控 | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股股 | 东 或 | 占其 | 是否 | 占公 | | | | | | | | | | 本次质 | 股东 | 第 一 | 所持 | 是否为 | 为补 | 质押起始 | 质押到期 | 质押 | 司总 | 押数量 | 质权人 | | | 名称 | 大 股 | ...

Investment Rating - The report maintains a "Strong Buy" rating for the company, with a target price of 46.35 CNY per share, compared to the current price of 32.30 CNY [2][3]. Core Views - The company's performance is under short-term pressure, with a focus on increasing R&D investments in cutting-edge AI technologies [2][3]. - Revenue for the first half of 2024 is reported at 2.401 billion CNY, a year-on-year decrease of 3.39%, while net profit attributable to shareholders is 104 million CNY, down 73.10% year-on-year [2][3]. - The company is experiencing challenges in its software and automotive segments, while the IoT segment shows steady growth [3]. Business Segment Summary - **Intelligent Software**: Revenue of 761 million CNY, down 17.67% year-on-year, affected by competitive pressures in the mid-to-low-end smartphone market [3]. - **Intelligent Automotive**: Revenue of 1.102 billion CNY, up 4.34% year-on-year, but growth is temporarily slowed due to longer acceptance cycles from automotive manufacturers [3]. - **Intelligent IoT**: Revenue of 538 million CNY, up 6.59% year-on-year, benefiting from the ongoing implementation of smart solutions in various industries [3]. - The company achieved overseas revenue of 859 million CNY in the first half of 2024, a year-on-year increase of 14.20% [3]. Financial Metrics Summary - Gross margin for the first half of 2024 is reported at 36.80%, down 4.49 percentage points year-on-year, with a net margin of 4.14%, down 9.29 percentage points year-on-year [3]. - R&D expenses are increasing, reflecting strategic investments in key areas such as operating systems for vehicles and industrial robots [3]. - Revenue projections for 2024 to 2026 are 5.483 billion CNY, 6.434 billion CNY, and 7.432 billion CNY, with growth rates of 4.6%, 17.3%, and 15.5% respectively [4]. Valuation and Price Target - The company is valued at a 45 times price-to-earnings ratio for 2024, leading to a target price of 46.35 CNY per share, reflecting a premium due to its leadership in intelligent operating systems [3].

Investment Rating - The report maintains a "Strong Buy" rating for the company, expecting the stock to outperform the market by more than 20% within the next six months [3][12]. Core Views - The company faced pressure in its performance during the first half of 2024, with a revenue of 2.401 billion yuan, a year-on-year decrease of 3.39%, and a net profit of 104 million yuan, down 73.10% year-on-year [4][5]. - Despite the current challenges, the company is optimistic about future growth opportunities in the smart automotive sector and edge intelligence, which are expected to drive new revenue streams [5][7]. Summary by Sections Company Overview - The company operates in the computer industry and has a total share capital of 459 million shares, with a major shareholder holding 26.64% [2]. Financial Performance - In the first half of 2024, the company reported a revenue of 2.401 billion yuan, with domestic revenue declining by 11.02% to 1.542 billion yuan, while overseas revenue increased by 14.20% to 859 million yuan [5]. - The gross profit margin decreased by 4.49 percentage points compared to the previous year, leading to a gross profit reduction of approximately 142.66 million yuan [5]. - The company’s net profit forecast for 2024-2026 has been adjusted to 513 million yuan, 658 million yuan, and 855 million yuan respectively, with corresponding EPS of 1.12 yuan, 1.43 yuan, and 1.86 yuan [7][8]. Business Segments - The smart automotive business generated 1.102 billion yuan in revenue, a year-on-year increase of 4.34%, despite a slowdown due to longer acceptance cycles from automotive manufacturers [5][6]. - The smart IoT business line achieved a revenue of 538 million yuan, reflecting a growth of 6.59% year-on-year, driven by advancements in edge intelligence and industrial automation [6]. - The smart software segment saw a decline in revenue to 761 million yuan, down 17.67% year-on-year, attributed to the competitive environment in the smartphone industry [6]. Future Outlook - The company is focusing on expanding its global business and enhancing its smart automotive and edge intelligence capabilities, which are expected to be significant growth drivers in the coming years [6][7].

Investment Rating - The report maintains a "Recommended" rating for the company [2][3]. Core Viewpoints - The company experienced a short-term profit pressure due to increased R&D and sales expenses, with a revenue of 2.4 billion yuan (down 3.39% year-on-year) and a net profit attributable to shareholders of 104 million yuan (down 73.10% year-on-year) in the first half of 2024 [2]. - The company is focusing on its "Operating System + Edge Intelligence" strategy, leveraging its strong foundation in operating systems and integrating cutting-edge AI technology to drive the development of edge intelligence [2]. - Significant achievements have been made in various key areas under the "Operating System + Edge Intelligence" strategy, including advancements in smart automotive platforms and mobile robotics [2]. - The company is expected to see a recovery in net profit from 197 million yuan in 2024 to 787 million yuan in 2026, with corresponding price-to-earnings ratios of 75X, 28X, and 19X for the respective years [2][3]. Financial Forecasts - Revenue is projected to decline from 5.24 billion yuan in 2023 to 4.98 billion yuan in 2024, before increasing to 6.28 billion yuan in 2025 and 7.97 billion yuan in 2026, reflecting a growth rate of -3.7%, -5.0%, 26.0%, and 27.0% respectively [3][7]. - The net profit attributable to shareholders is forecasted to decrease significantly to 197 million yuan in 2024, followed by a substantial increase to 534 million yuan in 2025 and 787 million yuan in 2026, with growth rates of -57.7%, 170.6%, and 47.4% respectively [3][7]. - The company's gross margin is expected to remain stable, with a projected gross margin of 37.09% in 2024 and 37.46% in 2025 [7].

Investment Rating - The report maintains a "Buy" rating for the company [2][4]. Core Views - The company's H1 2024 revenue is reported at 2.401 billion yuan, a decrease of 3.39% year-on-year, while net profit attributable to shareholders is 104 million yuan, down 73.10% from the previous year [1][2]. - The smart software and smart automotive segments are under pressure, while the IoT business shows signs of recovery [1]. - The company is expanding its overseas business, with revenue from international markets increasing by 14.20% year-on-year [1]. Financial Performance Summary - **Revenue**: H1 2024 revenue is 2.401 billion yuan, a slight decrease from 2.487 billion yuan in H1 2023 [1]. - **Net Profit**: The net profit for H1 2024 is 104 million yuan, significantly lower than 387 million yuan in H1 2023 [2]. - **Gross Margin**: The gross margin has decreased by 4.49% year-on-year, impacting overall profitability [2]. - **R&D and Sales Expenses**: R&D expenses increased by 11.94% to 52.9 million yuan, while sales expenses rose by 31.52% to 9.6 million yuan due to global expansion efforts [2]. Segment Performance - **Smart Software**: Revenue decreased by 17.67% to 760.71 million yuan due to competitive pressures in the smartphone industry [1]. - **Smart Automotive**: Revenue increased by 4.34% to 1.102 billion yuan, but growth has slowed compared to over 30% in 2023 [1]. - **IoT Business**: Revenue grew by 6.59% to 537.82 million yuan, reflecting improved competitiveness in smart industrial automation [1]. Future Projections - Expected net profits for 2024E, 2025E, and 2026E are projected at 454 million yuan, 504 million yuan, and 533 million yuan respectively [2][3].

开展以套期保值为目的的金融衍生品交易业务的核查意见 华泰联合证券有限责任公司 关于中科创达软件股份有限公司 开展以套期保值为目的的金融衍生品交易业务的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券""保荐机构"）作 为中科创达软件股份有限公司（以下简称"中科创达""公司"）2022 年创业 板向特定对象发行股票的保荐机构，根据《证券发行上市保荐业务管理办法》《深 圳证券交易所创业板股票上市规则》《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规定，对 中科创达开展以套期保值为目的的金融衍生品交易业务事项进行了审慎核查，发 表如下核查意见： 一、交易概述 （一）交易目的 为降低汇率、利率波动带来的影响，公司及子公司拟开展以套期保值为目的 的金融衍生品交易业务。公司不进行单纯以盈利为目的的金融衍生品交易，所有 金融衍生品交易行为均以正常生产经营为基础，以规避和防范汇率和利率风险为 目的。 （二）交易金额、期限及授权 用于金融衍生品交易业务的资金额度不得超过人民币1亿元或等值外币（含 前述投资的收益进行再投资的相关金额）。授权期限自公司第五届董事会 ...

中科创达软件股份有限公司 证券代码：300496 证券简称：中科创达 公告编号：2024-066 关于开展以套期保值为目的的金融衍生品交易业务的公告 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. 投资金额及品种：为降低汇率、利率波动带来的影响，公司及子公司拟开展以 套期保值为目的的金融衍生品交易业务。用于金融衍生品交易业务的资金额度不得超过 人民币 1 亿元或等值外币（含前述投资的收益进行再投资的相关金额）。交易品种包括 但不限于远期结售汇、期权、远期外汇买卖、掉期（包括货币掉期和利率掉期）、货币 互换业务及上述产品的组合等。授权期限自本次董事会审议通过之日起十二个月内有效。 在授权期限内，资金可以循环滚动使用。 2. 审议程序：2024 年 8 月 26 日，公司召开第五届董事会第二次会议、第五届监 事会第二次会议，审议通过《关于开展以套期保值为目的的金融衍生品交易业务的议案》， 根据《深圳证券交易所创业板股票上市规则》及公司《金融衍生品交易业务管理制度》 等相关规定，本事项无需提交公司股东大会审议。 3. 风险提示：公司拟开展的金融 ...