证券代码：300624 证券简称：万兴科技 公告编号：2024-072 万兴科技集团股份有限公司 关于 2024 年员工持股计划进展暨非交易过户完成的公告 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。 万兴科技集团股份有限公司（以下简称"公司"）于 2024 年 9 月 27 日召开 了第四届董事会第二十次会议和第四届监事会第十六次会议，并于 2024 年 10 月 16 日召开 2024 年第四次临时股东会，分别审议通过了《关于<公司 2024 年员工 持股计划（草案）>及其摘要的议案》等相关议案。公司于 2024 年 10 月 24 日召 开了第四届董事会第二十一次会议和第四届监事会第十七次会议，审议通过了 《关于调整 2024 年员工持股计划相关事项的议案》，且同步修订披露了《万兴 科技集团股份有限公司 2024 年员工持股计划（草案修订稿）》及其摘要。 根据《关于上市公司实施员工持股计划试点的指导意见》《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》等相关规定，现将 2024 年员工持股计划实施进展情况公告如下： 一、20 ...

证券代码：300624 证券简称：万兴科技 公告编号：2024-071 万兴科技集团股份有限公司 关于回购公司股份的进展公告 证券代码：300624 证券简称：万兴科技 公告编号：2024-071 万兴科技集团股份有限公司（以下简称"公司"）于 2024 年 8 月 15 日召开 第四届董事会第十九次会议，审议通过了《关于回购公司股份方案的议案》，使 用自有资金以集中竞价方式回购公司部分 A 股股份，用于员工持股计划或股权 激励计划；回购股份的资金总额不低于人民币 2,000 万元（含）且不超过人民币 4,000 万元（含），回购股份的价格不超过人民币 71.78 元/股（含），回购期限 自公司董事会审议通过回购股份方案之日起 12 个月内。具体内容详见公司于 2024 年 8 月 16 日在巨潮资讯网上披露的《关于回购公司股份方案的公告暨回购 报告书》（公告编号：2024-054）。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等相关规定，回购期间，公司应当在每个月的前三个交易日 内披露截至上月末的回购进展情况。现将公司截至上月末回购股份的进展情况公 告如下： 一 ...

公 司 报 告 公 司 季 报 点 评 证 券 研 究 报 告 2024年10月30日 计算机 万兴科技(300624.SZ) 营销投入加大致业绩承压， 产品迭代有望带动收入转化 推荐 ( 维持) 事项： 公司发布2024年三季度报告，2024年前三季度公司实现营业收入10.53亿元， 同比减少3.91%，实现归母净利润亏损550万元，较去年同期由盈转亏。 平安观点： ■ 公司收入增长短期承压，市场竞争加剧导致业绩下滑。2024年前三季度 公 司 实 现 营 业 收 入 10.53 亿 元 ， 同 比 减 少 3.91% （ vsYoY-1.80% ， 24H1）。单季度来看，公司第三季度实现营收3.48亿元，同比减少 7.93%，收入增长承压主要源自公司多端多渠道产品推广转化周期较 长、增量业务增速虽快但基数低。利润端，公司2024年前三季度归母净 利润亏损550万元，较去年同期（vs6485万元，23Q1-3）由盈转亏，主 要源自市场竞争加剧导致流量成本上升、公司加大营销和AI投入等原 因。 ■ 销售与研发投入加大，推升期间费用率。公司2024年前三季度毛利率为 93.72%，较去年同期下降1.47个百分 ...

证券研究报告 | 季报点评 gszqdatemark 2024 10 30 年 月 日 万兴科技（300624.SZ） 24Q3 业绩短期承压，投入营销、升级产品以夯实品牌力 事件：10 月 24 日晚，公司发布《2024 年第三季度报告》，实现营业收入 3.48 亿 元，同比降低 7.93%；实现归属于上市公司股东的净利润-0.30 亿元，同比由盈转 亏。 24Q3 业绩短期承压，多端多渠道产品推广周期较长。1）2024Q3，公司实现营业 收入 3.48 亿元，同比降低 7.93%；归母净利润-0.30 亿元，同比由盈转亏，业绩 短期承压。2）面向 AI 大时代，公司持续积极拥抱生成式 AI，聚焦数字创意垂类 场景，打造全链路数字创意出海产品解决方案，以创新技术赋能创意内容生产。因 多端多渠道产品推广转化周期较长、增量业务增速虽快但基数低，使得公司短期 业绩增长放缓利润承压，但公司始终聚焦战略夯实基础，着眼长远面向未来，加强 产品质量与品牌建设，持续投入研发费用进行技术和产品研发，为未来发展奠定 基础。 投入营销支持品牌力提升，核心产品线全面升级。1）2024Q3，公司实现销售费用 2.22 亿元，同比增长 ...

Investment Rating - Maintained "Overweight" rating [1] Core Views - The company's performance is under short-term pressure due to prolonged product promotion cycles and rising traffic costs, but it continues to actively embrace generative AI and focuses on digital creative vertical scenarios, aiming to provide a full-chain digital creative product solution for global markets [3] - Multiple products have undergone major version updates, with potential for accelerated growth in the future [4] Financial Performance - Revenue for the first three quarters of 2024 was RMB 1.053 billion, a year-on-year decrease of 3.91% [2] - Net profit attributable to the parent company for the first three quarters of 2024 was -RMB 5 million, a year-on-year decrease of 108.48% [2] - In Q3 2024, revenue was RMB 348 million, a year-on-year decrease of 7.93%, and net profit attributable to the parent company was -RMB 30 million, a year-on-year decrease of 242% [2] Product Updates - Filmora V14 was launched overseas on September 28, 2024, with comprehensive upgrades to its AI capabilities [4] - EdrawMind V12 was launched in August 2024, with increased paid users and renewal sales, and its HarmonyOS version entered the HarmonyOS App Store for public testing [4] - PDFelement V11 was released with intelligent, integrated, and professional upgrades [4] - SelfyzAI, an AI-powered image product, saw continuous growth in user numbers and revenue [4] Financial Forecasts - Revenue for 2024-2026 is projected to be RMB 1.522 billion, RMB 1.762 billion, and RMB 2.099 billion, respectively [6] - Net profit attributable to the parent company for 2024-2026 is expected to be RMB 62 million, RMB 83 million, and RMB 110 million, respectively [6] - The current stock price corresponds to a PE ratio of 193X, 146X, and 109X for 2024-2026 [6] Market Performance - The stock price as of October 28, 2024, was RMB 64.96, with a 52-week range of RMB 37.92-124.04 [3] - The total market capitalization was RMB 12.559 billion, with a circulating market capitalization of RMB 11.123 billion [3] Cost Structure - Gross margin for the first three quarters of 2024 was 93.72%, a year-on-year decrease of 1.47 percentage points, mainly due to increased computing costs for AI functionalities [3] - Sales/management/R&D expense ratios for the first three quarters of 2024 were 55.72%, 11.37%, and 29.07%, respectively, with sales expenses increasing due to global brand-building efforts and R&D expenses rising due to increased AI investments [3]

证券研究报告·公司点评报告·软件开发 万兴科技（300624） 2024 年三季报点评：加大投入致业绩承压， 期待 AI 商业化落地 2024 年 10 月 28 日 买入（维持） | --- | --- | --- | --- | --- | --- | |------------------------------|--------|--------|---------|--------|--------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 1180 | 1481 | 1530 | 1725 | 1905 | | 同比（ % ） | 14.67 | 25.49 | 3.33 | 12.76 | 10.43 | | 归母净利润（百万元） | 40.43 | 86.21 | 39.01 | 77.09 | 85.37 | | 同比（ % ） | 44.78 | 113.20 | (54.75) | 97.62 | 10.75 | | EPS- 最新摊薄（元 / 股） | 0.21 | 0 ...

上 市 公 司 证 券 研 究 报 告 公 司 研 究/ 公 司 点 评 | --- | --- | |------------------------------------|-------------------------------| | 市场数据： | 2024 年 10 月 25 日 | | 收盘价（元） | 62.28 | | 一年内最高/最低（元） | 124.04/37.92 | | 市净率 | 9.4 | | 息率（分红/股价） | 0.18 | | 流通 A 股市值（百万元） | 10,664 | | 上证指数/深证成指 | 3,299.70/10,619.85 | | 注："息率"以最近一年已公布分红计算 | | | --- | --- | |------------------------------|-------------------------------| | | | | 基础数据 : | 2024 年 09 月 30 日 | | | | | 每股净资产（元） | 6.59 | | 资产负债率 % | 16.30 | | 总股本/流通 A 股（百万） | 193/171 | ...

证券代码：300624 证券简称：万兴科技 万兴科技集团股份有限公司 投资者关系活动记录表 编号：2024-006 | --- | --- | --- | |--------------------------------|--------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

领军者，AI 赋能未来可期 2024-02-07 万兴科技（ [Table_StockNameRptType] 300624） 公司点评 前三季度成本上升、AI 投入加大致业绩承压 | --- | --- | |-------------------------------------|--------------| | | | | [Table_Rank] 投资评级：买入（维持） | | | 报告日期： | 2024-10-25 | | [Table_BaseData] 收盘价（元） | 61.99 | | 近 12 个月最高 / 最低（元） | 124.04/37.92 | | 总股本（百万股） | 193 | | 流通股本（百万股） | 171 | | 流通股比例（ % ） | 88.57 | | 总市值（亿元） | 120 | | 流通市值（亿元） | 106 | [公司价格与沪深 Table_Chart] 300 走势比较 -42% -18% 6% 30% 54% 10/23 1/24 4/24 7/24 10/24 万兴科技 沪深300 [Table_Author] 分析师：金荣 执业证书号：S0 ...

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company experienced a slowdown in revenue growth and profit pressure, with a 7.9% year-over-year decline in revenue for Q3 2024, totaling 348 million RMB, and a 3.9% decline for the first three quarters of 2024, totaling 1.053 billion RMB [2] - The net profit attributable to shareholders turned from profit to loss, with a net loss of 29.988 million RMB in Q3 2024 and a total net loss of 54.973 million RMB for the first three quarters [2] - The company is focusing on enhancing its algorithm capabilities and product innovation, with new product launches such as Edraw.AI and SelfyzAI, while also increasing its intangible assets by 54.02 million RMB due to new computing power purchases [2] Summary by Sections Revenue and Profit - Q3 2024 revenue was 348 million RMB, down 7.9% year-over-year; total revenue for the first three quarters was 1.053 billion RMB, down 3.9% year-over-year [2] - Q3 2024 net profit attributable to shareholders was -29.988 million RMB, and for the first three quarters, it was -54.973 million RMB [2] - The comprehensive gross margin for the first three quarters of 2024 was 93.7%, a decrease of 1.5 percentage points year-over-year [2] Expenses - R&D expense ratio for the first three quarters of 2024 was 29.1%, up 1.6 percentage points year-over-year; sales expense ratio was 55.7%, up 5.9 percentage points; management expense ratio was 11.4%, down 0.2 percentage points [2] - The total number of employees in the first half of 2024 was 1,562, a decrease of 12 from the previous year [2] Product Development - The company launched new products including Edraw.AI and SelfyzAI, and saw a 49.5% year-over-year increase in contract liabilities, totaling approximately 37.825 million RMB [2] Profit Forecast and Valuation - Revenue forecasts for 2024, 2025, and 2026 are 1.482 billion RMB, 1.669 billion RMB, and 1.851 billion RMB respectively, with net profits of 8 million RMB, 23 million RMB, and 29 million RMB respectively [2] - The current stock price corresponds to a price-to-sales (P/S) valuation of 8.1, 7.2, and 6.5 times for 2024, 2025, and 2026 respectively [2]