Financial Performance - The company's operating revenue for 2024 was ¥1,652,170,804.63, representing a 10.41% increase compared to ¥1,496,407,662.03 in 2023[18]. - The net profit attributable to shareholders decreased by 29.11% to ¥230,139,187.09 in 2024 from ¥324,630,311.26 in 2023[18]. - The net profit after deducting non-recurring gains and losses increased by 16.81% to ¥218,270,542.03 in 2024[18]. - The cash flow from operating activities showed a significant decline of 81.06%, dropping to ¥33,597,981.72 from ¥177,364,897.04 in 2023[18]. - The total assets at the end of 2024 reached ¥3,432,002,962.03, a 6.28% increase from ¥3,229,222,299.78 in 2023[18]. - The basic earnings per share decreased by 28.77% to ¥0.52 in 2024 from ¥0.73 in 2023[18]. - The weighted average return on equity fell to 8.67% in 2024, down from 13.34% in 2023, a decrease of 4.67%[18]. - In 2024, the company achieved a revenue of 1,652.17 million yuan, a year-on-year increase of 10.41%, while net profit attributable to shareholders decreased by 29.11% to 230.14 million yuan[61]. - Revenue from the collaborative office product line reached 495 million yuan, reflecting a growth of 7.03% year-on-year[63]. - The smart channel product line generated revenue of 696 million yuan, marking a 12.89% increase compared to the previous year[66]. Dividend and Shareholder Engagement - The company plans to distribute a cash dividend of 1.25 RMB per 10 shares to all shareholders, based on a total of 448,252,960 shares[3]. - The financial report confirms that all board members attended the meeting to review the annual report, ensuring accountability and transparency[3]. - The annual report is available on the Shenzhen Stock Exchange website, ensuring accessibility for investors[15]. - The company has a dedicated board secretary and securities representative to handle investor inquiries and communications[14]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans, highlighting potential operational risks[3]. - The accounting firm responsible for the audit is Lixin Certified Public Accountants, ensuring compliance and accuracy in financial reporting[16]. - The company has not indicated any need for retrospective adjustments or restatements of prior year accounting data[17]. - The company ensures strict compliance with information disclosure regulations, providing timely and accurate information to investors[159]. Research and Development - R&D investment for 2024 increased by 16.92% compared to the previous year, emphasizing the company's commitment to maintaining technological leadership in the AI sector[61]. - The company launched multiple new products, including the AI-powered intelligent cloud disk service platform and the digital human operation management software, with release dates ranging from January to December 2024[58]. - The company is focusing on enhancing project cost management and optimizing resource allocation to improve input-output efficiency[142]. - The company has recognized the need for continuous innovation and R&D, particularly in AI technologies, to enhance operational efficiency and task handling capabilities[141]. - The company has established a long-term training mechanism for core talent to ensure the availability of skilled professionals for its rapid business growth[142]. Intellectual Property and Innovation - The company holds 89 registered trademarks, with 4 new additions during the reporting period, reflecting its commitment to intellectual property[55]. - The company and its subsidiaries hold a total of 70 patents, with 29 new patents added during the reporting period[56]. - The company continues to focus on innovation, as evidenced by the significant number of new patents and software copyrights acquired[56][57]. - The company is actively expanding its intellectual property portfolio to enhance its competitive edge in the market[56][57]. Market Trends and Industry Insights - The global AI industry is projected to reach $623.3 billion in 2024, with a year-on-year growth of 21.5%[30]. - China's AI market size is expected to reach ¥747 billion in 2024, growing by 41% compared to the previous year[30]. - The global metaverse industry is projected to reach $552 billion by 2028, with China potentially accounting for 20%-30% of the global share by 2030[33]. Governance and Management - The company has established a performance evaluation mechanism linking senior management compensation to company and individual performance[158]. - The company maintains independent operations and financial separation from its controlling shareholders[155]. - The company has a diverse management team with a mix of independent and non-independent directors[183]. - The management team is actively involved in strategic decision-making to drive the company's growth and market expansion[169][170][171]. Employee and Talent Management - The total number of employees at the end of the reporting period is 4,517, with 4,221 in the parent company and 296 in major subsidiaries[193]. - The technical staff constitutes the majority with 4,192 employees, representing approximately 92.8% of the total workforce[193]. - The company has implemented a flexible benefits plan, allowing employees to choose from various options, enhancing employee satisfaction and team cohesion[195]. - The training program focuses on developing AI capabilities, with over 100 diverse training sessions conducted, significantly improving employees' AI application skills[197]. Cash Flow and Financial Position - Operating cash inflow for 2024 reached ¥2,190,654,864.93, an increase of 10.51% compared to ¥1,982,233,556.91 in 2023[107]. - Net cash flow from operating activities decreased by 81.06% to ¥33,597,981.72, down from ¥177,364,897.04 in the previous year[108]. - The net increase in cash and cash equivalents was a decrease of 223.08%, totaling -¥127,802,361.53, compared to -¥39,557,007.94 in 2023[108]. Strategic Initiatives and Future Outlook - The company plans to continue increasing investments in AI and digital human fields to maintain its industry-leading technological position[73]. - The company aims to enhance its AI product lines, focusing on intelligent email processing and knowledge management solutions, with significant investments planned for 2025[131]. - The company is expanding its market presence in regions E and F, aiming for a market share increase of G% by the end of the fiscal year[148]. - The company is committed to enhancing its core competitiveness through technological innovation in the AI field[92].

Investment Rating - The report maintains a "Recommendation" rating for the industry [5] Core Viewpoints - The emphasis on "technology domestic demand" is highlighted, with a focus on self-reliance and control as a core theme in the context of major power competition [3][10][22] - The report suggests that the domestic computing demand and self-reliance will be the main drivers for investment opportunities in the technology sector [3][22] - The report identifies key areas of focus including domestic AI computing, national software innovation (信创), military information technology, and the Harmony OS ecosystem [3][22] Summary by Sections Market Review - The Shanghai Composite Index fell by 1.37%, the SME Index by 2.93%, and the ChiNext Index by 2.95% during the week of March 31 to April 3 [30] Industry News - The report discusses the release of the national measurement list which is expected to accelerate the domestic innovation industry [14] - It notes the importance of the Harmony OS as a significant new player in the domestic operating system market, particularly in PCs [15] Company Dynamics - Highwei Technology plans to reduce its shareholding by up to 4,400,000 shares, accounting for 1% of the total share capital [27] - The report mentions that Lai Si Information has completed the registration and filing procedures for changing its legal representative [27] Investment Suggestions - The report recommends focusing on companies involved in domestic AI computing, national software innovation, military information technology, and key players in the Harmony OS ecosystem [22] - Specific companies highlighted include Haiguang Information, Cambrian, Inspur Information, China Software, and others across various segments [22][21]

证券代码：300634 证券简称：彩讯股份 公告编号：2025-013 彩讯科技股份有限公司 关于完成工商变更登记的公告 变更后经营范围：一般经营项目是：计算机软、硬件通信设备的技术开发、 计算机系统集成及相关技术服务、信息技术咨询；软件销售（以上均不含限制项 目）；信息服务业务（仅限互联网信息服务和移动网信息服务业务）；经营第二 类增值电信业务中的国内呼叫中心业务、信息服务业务（不含固定网电话信息服 务和互联网信息服务）；设计、制作、代理、发布各类广告；自有物业租赁；物 业管理；计算机软件及技术服务外包；IT 系统及通信设备运维；为科技企业提 供共享设施、技术服务、创业辅导服务；商务信息咨询（不含限制项目），企业 管理咨询（不含限制项目），企业形象设计，会展会务服务；市场营销策划，图 文设计制作，市场调研与研究（不含限制项目），信息监测及数据处理；通信业 务代理；数字化营销服务；能源管理和能效监控技术开发；物联网、工业互联网 相关技术开发和服务；动漫游戏开发；安全技术防范系统设计施工服务；接受委 证券代码：300634 证券简称：彩讯股份 公告编号：2025-013 托从事通信网络维修维护；虚拟现实技术应用 ...

Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [8]. Core Views - The company is a leading domestic email provider, leveraging AI to expand its business boundaries and enhance value [7][14]. - The company has established a comprehensive product line focusing on collaborative office solutions, smart channels, and cloud and big data services, which are crucial for enterprise digital transformation [15][18]. - The company is well-positioned to benefit from the growth in the domestic cloud and AI sectors, supported by its strong partnerships with major clients like China Mobile and Huawei [7][18]. Summary by Sections 1. Leading Domestic Email Provider with Full-Stack AI Layout - The company started with mobile email services and has evolved into an industrial internet technology and service provider, focusing on enterprise digital transformation [14]. - It has developed three core product lines: collaborative office, smart channels, and cloud and big data, enhancing its service offerings [15]. - The company has a strong focus on R&D, with significant investments leading to a robust technical foundation and innovation capabilities [24][26]. 2. Collaborative Office Product Advantages and Digital Employees - The RichMail email system is fully compatible with domestic innovation requirements, addressing the growing demand for domestic replacements in email systems [41][47]. - The company is enhancing its product capabilities with AI integration, which is expected to drive growth in its collaborative office solutions [51]. 3. Smart Channels and User Operation Capabilities - The company has developed smart channel products that leverage its partnership with China Mobile, resulting in a user base in the millions [7][18]. - It is actively participating in the 5G messaging platform sector, which is expected to open new growth opportunities [7][18]. 4. Cloud Services and Infrastructure Development - The company is a key supplier in the national cloud services sector, collaborating closely with major telecom operators to expand its cloud offerings [8][18]. - It is also developing intelligent computing infrastructure to support its cloud and big data services, enhancing its competitive edge [8][18]. 5. Earnings Forecast and Investment Recommendations - The company is projected to achieve revenues of 16.97 billion, 20.33 billion, and 24.61 billion yuan from 2024 to 2026, with respective growth rates of 13.4%, 19.8%, and 21.1% [8]. - The net profit forecast for the same period is 2.94 billion, 3.56 billion, and 4.39 billion yuan, with growth rates of -9.4%, 21.2%, and 23.2% [8].

Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [8]. Core Views - The company is a leading domestic email provider, leveraging AI to expand its value boundaries and enhance its product offerings [7][14]. - The company has established a comprehensive product line focusing on collaborative office solutions, smart channels, and cloud and big data services, which are crucial for digital transformation in various industries [15][18]. - The company is well-positioned to benefit from the growth of the domestic cloud market and the increasing demand for AI applications, particularly in the context of national policies promoting domestic innovation [41][45]. Summary by Sections Section 1: Company Overview - The company started with mobile email services and has evolved into a technology and service provider for industrial internet, focusing on AI and digital transformation [14]. - It has developed three core product lines: collaborative office, smart channels, and cloud and big data, which cater to the information needs of enterprise users [15][18]. - The company has a strong partnership with China Mobile, enhancing its market position and customer base [18]. Section 2: Collaborative Office Solutions - The RichMail email system is fully compatible with domestic innovation requirements, addressing the growing demand for domestic email solutions [41][47]. - The company is actively developing digital employee solutions that integrate AI capabilities to improve operational efficiency for clients [46][51]. Section 3: Smart Channel Development - The company has established a significant user base through its smart channel products, collaborating with China Mobile to enhance user engagement [7][18]. - It is also involved in the development of 5G messaging platforms, positioning itself as a key player in the evolving digital communication landscape [7][18]. Section 4: Cloud and Big Data Services - The company is a core supplier in the national cloud market, working closely with telecom operators to expand its cloud services [8][18]. - It has developed RichAICloud, which provides solutions for large-scale computing management, further extending its service capabilities [29][31]. Section 5: Financial Projections - The company is projected to achieve revenues of 16.97 billion, 20.33 billion, and 24.61 billion yuan for 2024, 2025, and 2026, respectively, with corresponding growth rates of 13.4%, 19.8%, and 21.1% [4][8]. - Net profits are expected to be 2.94 billion, 3.56 billion, and 4.39 billion yuan for the same years, with growth rates of -9.4%, 21.2%, and 23.2% [4][8].

证券代码：300634 证券简称：彩讯股份 公告编号：2025-012 本次微云信众通过高新技术企业的再次认定，是对公司技术实力及研发水 平的充分肯定，有利于降低企业税负，将对公司经营发展产生积极的推动作用。 证书编号：GR202444200564 发证时间：2024 年 12 月 26 日 有效期：三年 根据国家有关规定，微云信众自本次通过高新技术企业认定起，连续三年可 享受国家关于高新技术企业的相关税收优惠政策。 彩讯科技股份有限公司 关于控股子公司通过高新技术企业重新认定的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或者重大遗漏。 彩讯科技股份有限公司（以下简称"公司"）控股子公司深圳市微云信众技 术有限公司（以下简称"微云信众"）于近日收到深圳市工业和信息化局、深圳 市财政局、国家税务总局深圳市税务局联合颁发的《高新技术企业证书》，具体 情况如下： 特此公告。 彩讯科技股份有限公司 2025 年 3 月 6 日 董事会 ...

本公司及董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、误导性陈述或者重大遗漏。 彩讯科技股份有限公司（以下简称"公司"）于近日收到深圳市工业和信息 化局、深圳市财政局、国家税务总局深圳市税务局联合颁发的《高新技术企业证 书》，具体情况如下： 证券代码：300634 证券简称：彩讯股份 公告编号：2025-011 彩讯科技股份有限公司 关于通过高新技术企业重新认定的公告 发证时间：2024 年 12 月 26 日 特此公告。 彩讯科技股份有限公司 董事会 证书编号：GR202444203603 2025 年 3 月 5 日 有效期：三年 本次认定系公司原高新技术企业证书有效期满后进行的重新认定，根据国 家有关规定，公司自本次通过高新技术企业重新认定起可连续三年（2024 年至 2026 年）继续享受国家关于高新技术企业的相关税收优惠政策。 本次高新技术企业证书的再次认定，是对公司技术实力及研发水平的充分 肯定，有利于降低企业税负，将对公司经营发展产生积极的推动作用。 ...

北京海润天睿律师事务所 关于彩讯科技股份有限公司 2025 年第一次临时股东大会的 法律意见 中国·北京 朝阳区建外大街甲 14 号广播大厦 5/9/10/13/17 层 邮政编码：100022 电话：(010) 65219696 传真：(010)88381869 法律意见 北京海润天睿律师事务所 关于彩讯科技股份有限公司 2025 年第一次临时股东大会的 法律意见 致：彩讯科技股份有限公司 北京海润天睿律师事务所（以下简称本所）接受彩讯科技股份有限公司（以 下简称公司）的委托，指派律师出席公司 2025 年第一次临时股东大会（以下简称 本次股东大会），对本次股东大会进行律师见证并发表法律意见。 为出具本法律意见，本所律师审查了公司本次股东大会的有关文件和材料。 本所律师得到公司如下保证，即其已提供的本所出具本法律意见所必需的原始书 面材料、副本材料、电子文档或口头证言真实、完整、有效，不存在虚假陈述、 重大遗漏或隐瞒，所有副本材料与复印件均与原件一致。 本所及经办律师依据《中华人民共和国证券法》《律师事务所从事证券法律业 务管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定及本法律意 见出具日以前 ...

证券代码：300634 证券简称：彩讯股份 公告编号：2025-010 彩讯科技股份有限公司 2025年第一次临时股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或者重大遗漏。 特别提示： 1、本次股东大会未出现否决议案的情形； 2、本次股东大会未涉及变更以往股东大会已通过决议的情形。 一、会议召开和出席情况 5、会议主持人：董事长杨良志先生。 （一）会议召开情况 1、会议召开时间： （1）现场会议时间：2025 年 2 月 11 日（星期二）下午 14:30 （2）网络投票时间：2025 年 2 月 11 日 6、本次会议的召集、召开和表决程序符合《中华人民共和国公司法》（以 下简称"《公司法》"）、《上市公司股东大会规则》（以下简称"《股东大会 规则》"）等相关法律、法规、规章、规范性文件及《公司章程》《股东大会议 事规则》等规定。 （二）会议出席情况 其中，通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 2 月 11 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统进 行网络投票的时 ...

证券代码：300634 证券简称：彩讯股份 公告编号：2025-007 彩讯科技股份有限公司 关于完成工商变更登记的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或者重大遗漏。 彩讯科技股份有限公司（以下简称"公司"）第三届董事会第二十次会议及 2024 年第三次临时股东大会审议通过了《关于变更经营范围并修订<公司章程> 的议案》，同意公司因业务发展需要变更经营范围并修订《公司章程》中的部分 条款。具体内容详见公司 2024 年 9 月 20 日披露于中国证监会指定信息披露网 站巨潮资讯网（www.cninfo.com.cn）的《关于变更经营范围并修订<公司章程>的 公告》。 公司 2021 年第一次临时股东大会审议并通过了《关于提请股东大会授权董 事会办理公司 2021 年限制性股票激励计划有关事项的议案》等议案。鉴于公司 2021 年限制性股票激励计划首次授予部分第二个归属期及预留授予部分第二个 归属期归属股份数量共计 3,557,650 股，相关股份已于 2024 年 10 月 30 日完成 登记并上市流通。公司第三届董事会第二十四次会议，审议通过了《关于变更 ...