关于召开2024年第五次临时股东会的通知 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"）第四届董事会第二十二次 会议决定于2024年11月29日召开公司2024年第五次临时股东会（以下简称"本次 会议"）。现将本次会议相关事项通知如下： 一、召开会议的基本情况 证券代码：300624 证券简称：万兴科技 公告编号：2024-075 万兴科技集团股份有限公司 1、股东会届次：2024年第五次临时股东会 2、股东会的召集人：公司董事会 3、会议召开的合法、合规性：第四届董事会第二十二次会议审议，决定召 开2024年第五次临时股东会，本次股东会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》的规定。 4、会议召开的日期、时间： （1）现场会议召开时间：2024年11月29日（星期五）下午15:00 （2）网络投票时间：通过深圳证券交易所（以下简称"深交所"）交易系 统进行网络投票的具体时间为：2024年11月29日9:15-9:25，9:30-11:30，下午13:00- 15:00；通过深交所互联网投 ...

编号：2024-007 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 | --- | --- | --- | |------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

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 ...

Investment Rating - The report maintains a "Recommended" rating for the company [1][7]. Core Views - The company's revenue growth is under short-term pressure due to intensified market competition, leading to a year-on-year revenue decrease of 3.91% for the first three quarters of 2024, with a net profit loss of 5.5 million yuan compared to a profit of 64.85 million yuan in the same period last year [2][7]. - Increased sales and R&D investments have raised the expense ratio, with a gross margin of 93.72%, down 1.47 percentage points year-on-year, and an expense ratio of 92.25%, up 5.93 percentage points year-on-year [2][7]. - The company is actively promoting product upgrades, with several flagship products receiving updates, which is expected to drive revenue growth in the future [3][7]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved a revenue of 1.053 billion yuan, a decrease of 3.91% year-on-year, and a net profit loss of 5.5 million yuan [1][2]. - The gross margin for the first three quarters was 93.72%, and the net profit margin fell to -0.52% from 5.92% in the same period last year [2][7]. Product Development - The company has launched new versions of several key products, including Filmora V14 and EdrawMind V12, which incorporate advanced features such as AI functionalities [3][6]. - New products like Edraw.AI and SelfyzAI have been introduced, contributing to user growth and revenue [6][7]. Future Projections - The revenue projections for 2024-2026 have been adjusted to 1.587 billion yuan, 1.784 billion yuan, and 2.082 billion yuan, respectively, with corresponding net profits of 39 million yuan, 78 million yuan, and 108 million yuan [7][11]. - The company is expected to continue benefiting from its focus on video creativity and digital office solutions, with a strong emphasis on AI applications [7][11].

Investment Rating - The report maintains a "Buy" rating for the company [3][6]. Core Views - The company experienced short-term pressure on its performance in Q3 2024, with revenue of 348 million yuan, a year-on-year decrease of 7.93%, and a net profit attributable to shareholders of -30 million yuan, marking a shift from profit to loss [1]. - The company is actively embracing generative AI, focusing on digital creative verticals, and aims to build comprehensive digital creative solutions for overseas markets, despite the long conversion cycle for multi-channel product promotion [1]. - The company has invested in marketing and upgraded its core product lines, with sales expenses increasing by 19.31% year-on-year to 222 million yuan, while R&D expenses decreased by 10.34% to 97 million yuan [2]. - The company has launched new versions of its products, enhancing AI capabilities and introducing features such as AI voice beautification and AI color matching [2]. - The company is developing multimedia large models and exploring commercialization of AIGC products through various monetization strategies [3]. Financial Summary - For 2024-2026, the company is projected to achieve revenues of 1.542 billion yuan, 1.733 billion yuan, and 2.023 billion yuan, respectively, with net profits of 39 million yuan, 91 million yuan, and 118 million yuan [3][5]. - The company's financial metrics indicate a revenue growth rate of 4.1% in 2024, followed by 12.4% in 2025 and 16.7% in 2026 [5]. - The latest diluted EPS is expected to be 0.20 yuan in 2024, increasing to 0.47 yuan in 2025 and 0.61 yuan in 2026 [5][11].

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 ...

Investment Rating - The report maintains an "Outperform" rating for the company [8][9]. Core Insights - The company has invested continuously in AI, enhancing core product lines with new features such as AI voice beautification and AI color matching [8]. - Despite a slight revenue decrease in the short term due to cloud transformation, long-term revenue stability is expected [8]. - The revenue forecast for 2024-2026 has been slightly adjusted downwards to 15.09 billion, 17.59 billion, and 20.16 billion respectively, from previous estimates of 16.65 billion, 19.58 billion, and 22.43 billion [8]. - Net profit forecasts for the same period have also been revised down to 0.25 billion, 0.88 billion, and 1.17 billion from earlier predictions of 0.96 billion, 1.28 billion, and 1.55 billion [8]. Financial Summary - For the first three quarters of 2024, the company reported revenue of 10.53 billion, a year-on-year decrease of 3.91%, and a net profit of -0.05 billion, indicating a shift from profit to loss [9]. - The Q3 revenue was 3.48 billion, down 7.93% year-on-year, slightly below market expectations [9]. - The company's flagship product, Filmora, has undergone a significant upgrade with the release of version V14, which includes enhanced AI capabilities [9].

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 | --- | --- | --- | |--------------------------------|--------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...