华泰联合证券有限责任公司 关于北京宇信科技集团股份有限公司 2024 年半年度跟踪报告 | 保荐人名称：华泰联合证券有限责任公司 | 被保荐公司简称：宇信科技 | | --- | --- | | 保荐代表人姓名：李凯 | 联系电话：010-56839571 | | 保荐代表人姓名：蔡敏 | 联系电话：010-56839571 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 不适用 | | 2．督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括 但不限于防止关联方占用公司资源的制度、 募集资金管理制度、内控制度、内部审计制 | 是 | | 度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 每月一次 | | （2）公司募集资金项目进展是否与信息披露 文件一致 | 是（请见 8.关注职责的履行情况） | ...

证券代码：300674 证券简称：宇信科技 公告编号：2024-085 北京宇信科技集团股份有限公司 关于召开 2024 年第二次临时股东大会的提示性公告 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、误导性陈述或者重大遗漏。 经北京宇信科技集团股份有限公司（以下简称"公司"）第三届董事会第二 十七次会议审议通过，公司董事会决定于 2024 年 9 月 20 日召开公司 2024 年第 二次临时股东大会（以下简称"本次会议"），公司于 2024 年 8 月 28 日在巨潮 资讯网披露了《关于召开 2024 年第二次临时股东大会的通知》（公告编号： 2024-082）。为方便公司股东行使表决权，现将本次股东大会的相关事项再次通 知如下： 2、股东大会的召集人：公司董事会 一、召开会议的基本情况 3、会议召开的合法、合规性：经公司第三届董事会第二十七次会议审议通 过，决定召开 2024 年第二次临时股东大会。本次股东大会会议的召开程序符合 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）现场会议时间：2024 年 9 月 20 日（星期 ...

证券代码：300674 证券简称：宇信科技 公告编号：2024-084 北京宇信科技集团股份有限公司 关于控股股东部分股份质押的公告 本公司及董事会全体成员保证提供的信息真实、准确和完整，不存在任何 虚假记载、误导性陈述或者重大遗漏。 北京宇信科技集团股份有限公司（以下简称"公司"）于近日收到控股股东珠海 宇琴鸿泰创业投资集团有限公司（以下简称"宇琴鸿泰"）的通知，获悉其将持有的 公司部分股份办理了质押，具体情况如下： | | 是否为 | | 本次质 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 第一大 | | 押股份 | 是否 | 是否为 | 质押开始 | | | 质押 | | 名称 | 股东及 | 质押股数 | 占其所 | 为限 | 补充质 | 日期 | 质押到期日 | 质权人 | 用途 | | | 一致行 | | 持股份 | 售股 | 押 | | | | | | | 动人 | | 比例 | | | | | | | | 宇琴 | | | | | | | | 中信证券 | 自身 | | 鸿 ...

Investment Rating - The investment rating for the company is "Buy (Maintain)" [4] Core Views - The company reported a revenue of 1.49 billion yuan in the first half of 2024, a year-on-year decrease of 23.09%, while the net profit attributable to the parent company was 163 million yuan, down 1.03% year-on-year [2][6] - The gross profit margin improved to 33.74%, an increase of 4.97 percentage points year-on-year [2][6] - The company is focusing on enhancing operational quality and expanding its overseas business as a new growth point [6] Financial Performance Summary - In the first half of 2024, the company's system integration business revenue was 221 million yuan, down 42.07% year-on-year, but the gross margin increased to 10.62% [6] - The software development and service business generated 1.21 billion yuan, a decrease of 18.09% year-on-year, with a gross margin recovery to 35.38% [6] - The innovative operation business saw a revenue of 52 million yuan, down 26.52% year-on-year, but the gross margin further increased to 92.33% [6] Future Projections - Revenue projections for 2024-2026 are 3.945 billion yuan, 4.237 billion yuan, and 4.625 billion yuan, with year-on-year growth rates of -24.18%, 7.38%, and 9.17% respectively [6][7] - Net profit projections for the same period are 317 million yuan, 385 million yuan, and 475 million yuan, with year-on-year growth rates of -2.53%, 21.16%, and 23.59% respectively [6][7] - The company is expected to maintain a three-year CAGR of 13.43% for EPS, projected at 0.45 yuan, 0.55 yuan, and 0.68 yuan per share for 2024, 2025, and 2026 respectively [6][7]

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook based on expected benefits from the rapid development of the domestic information technology and AI sectors [2][4]. Core Insights - The company reported a revenue of 1.49 billion yuan for H1 2024, a year-on-year decline of 23.09%, while the net profit attributable to shareholders was 163 million yuan, down 1.03% year-on-year [2]. - In Q2 2024, the company achieved a revenue of 889 million yuan, a decrease of 22.28% year-on-year, but the net profit attributable to shareholders increased by 6.55% to 131 million yuan [2]. - The significant improvement in gross margin to 39% in Q2 2024, up 5 percentage points year-on-year, indicates a focus on project profitability despite revenue pressures [2]. - The company is actively pursuing opportunities in the non-performing loan business and has made strides in international markets, securing a major software project with a multinational bank [2]. Financial Performance Summary - For H1 2024, the system integration business saw a revenue drop of 42% to 221 million yuan, but the gross margin improved to 10.62% [2]. - The software development and services segment reported a revenue of 1.21 billion yuan, down 18.09%, with a gross margin recovery to 35.38% [2]. - The innovative operations business experienced a revenue decline of 26.52% to 52 million yuan, yet the gross margin rose to 92.33% [2]. - The projected net profits for 2024, 2025, and 2026 are 334 million, 392 million, and 452 million yuan respectively, with year-on-year growth rates of 2.5%, 17%, and 15% [2][5].

Investment Rating - The report maintains a "Recommend" rating for the company [3] Core Views - The company's Q2 2024 profit performance improved, with overseas core business achieving new breakthroughs [2] - Despite revenue growth pressure, Q2 profit growth turned positive, with a 6.55% YoY increase in net profit [6] - The company's profitability has been optimized, with a 4.97pct YoY increase in gross margin to 33.74% [6] - The company has sufficient software order reserves, with new software orders amounting to 2.32 billion yuan in H1 2024 [5] - The company achieved a significant breakthrough in overseas business by winning a major core banking system project for a multinational bank in Hong Kong and international branches [7] Financial Performance - H1 2024 revenue was 1.49 billion yuan, a 23.09% YoY decrease [3] - H1 2024 net profit was 163 million yuan, a 1.03% YoY decrease [3] - Q2 2024 net profit was 131 million yuan, a 6.55% YoY increase [6] - The company's net profit margin increased by 2.44pct YoY to 10.94% in H1 2024 [6] - The company's gross margin increased by 4.97pct YoY to 33.74% in H1 2024 [6] Business Segments - Software development and service revenue in H1 2024 was 1.214 billion yuan, an 18.09% YoY decrease [6] - System integration business revenue in H1 2024 was 221 million yuan, a 42.07% YoY decrease [6] - Innovation operation business revenue in H1 2024 was 52 million yuan, a 26.52% YoY decrease [6] Future Projections - The report forecasts 2024-2026 net profits of 331 million yuan, 399 million yuan, and 484 million yuan, respectively [7] - The report forecasts 2024-2026 EPS of 0.47 yuan, 0.57 yuan, and 0.69 yuan, respectively [7] - The report forecasts 2024-2026 P/E ratios of 21.8x, 18.1x, and 14.9x, respectively [7] Industry and Market Position - The company operates in the computer industry [1] - The company has a market capitalization of 7.2 billion yuan [1] - The company has a leading position in the financial IT industry, with over 20 years of experience in bank IT [7]

国泰君安版权所有发送给上海东方财富金融数据服务有限公司.东财接收研报邮箱.ybjieshou@eastmoney.com p1 ——宇信科技 2024 年半年报点评 | --- | |-------------------------------------| | | | [table_Authors] 李博伦 ( 分析师 ) | | 0755-23976516 | | libolun@gtjas.com | | 登记编号 S0880520020004 | 本报告导读： 主动放弃低毛利业务使得收入端承压，盈利质量显著提升 投资要点： [Table_Summary] 下调目标价至 16.08 元，维持"增持"评级。软件业务收入下滑幅 度略超预期，下调 2024-2026 年盈利预测。预计公司 2024-2026 年 EPS 分别为 0.47（-0.06）、0.57（-0.13）、0.66（-0.15）元。参考可比 公司 2024 年平均 PE，下调目标价至 16.08 元，维持"增持"评级。 收入低于预期，下游行业需求不及预期。2024 年上半年公司实现营 业收入 14.90 亿元，同比下滑 23.09%，其中 ...

该报告由该报告由 证券研究报告 宇信科技 (300674 CH) 需求下行致营收下滑，海外增长亮眼 免责声明和披露以及分析师声明是报告的一部分，请务必一起阅读。 1 字信科技 (300674 CH) 需求下行致营收下滑,海外增长亮眼 华泰研究 中报点评 投资评级(维持): 买入 2024 年 8 月 28 日│中国内地 计算机应用 公司 24H1 营收、归母净利润分别同比下滑 23.09%、1.03% 公司24H1实现营收14.90亿，yoy-23.09%；归母净利润1.63亿，yoy-1.03%； 扣非净利润 1.44 亿，yoy-9.83%；剔除股份支付后的扣非净利 3.62 亿， yoy+65.49%，系 23 年股份支付费用 4581 万，22 年未达到激励条件冲回 2569 万股份支付费用；经营性现金净流量为-3.37 亿，yoy+27.72%。鉴于 银行 IT 行业需求下行及竞争加剧，我们下调公司 2024-2026 年 EPS 分别 为 0.51/0.66/0.85（前值 0.57/0.71/0.86 元），对应 PE 分别 19/15/12 倍， 可比公司 2024 年平均 PE 为 31 倍 ...

Investment Rating - The report maintains a "Buy" rating for the company [3][10]. Core Views - The company reported a revenue of 1.49 billion RMB in the first half of 2024, a year-on-year decline of 23.1%. The gross profit was 500 million RMB, down 9.8% year-on-year. The net profit attributable to the parent company after deducting non-recurring items was 140 million RMB, also down 9.8% year-on-year [1]. - The software development and service segment generated 1.21 billion RMB in revenue, a decrease of 18.1% year-on-year, while the gross profit only fell by 6.0%, indicating a focus on project profitability. New orders in the business implementation category increased by 12% year-on-year, totaling 2.32 billion RMB [2]. - The company is accelerating its overseas market expansion, securing a significant software project order with a multinational bank, marking the largest single software project order in its history [2]. Summary by Sections Performance Review - In Q2 2024, the company achieved a revenue of 890 million RMB, down 22.3% year-on-year, with a gross profit of 340 million RMB, down 10.1% year-on-year. The net profit attributable to the parent company after deducting non-recurring items was 110 million RMB, down 8.2% year-on-year [1]. Business Analysis - The system integration business saw a revenue of 220 million RMB, a decline of 42.1% year-on-year, primarily due to reduced procurement from key clients. The innovative operations segment generated 50 million RMB, down 25.2% year-on-year, attributed to a contraction in existing retail business scale [2]. Profit Forecast and Valuation - Revenue projections for 2024 to 2026 are 3.60 billion RMB, 3.61 billion RMB, and 3.77 billion RMB, with year-on-year growth rates of -30.9%, 0.4%, and 4.5% respectively. The net profit attributable to the parent company is forecasted at 260 million RMB, 320 million RMB, and 400 million RMB for the same period, with corresponding growth rates of -21.0%, 25.5%, and 22.3% [3].

北京宇信科技集团股份有限公司 独立董事提名人声明与承诺 提名人北京宇信科技集团股份有限公司第三届董事会现就提名 李锋先生 为北京宇信科技集团股份有限公司第四届董事会独立董事 候选人发表公开声明。被提名人已书面同意出任北京宇信科技集团股 份有限公司第四届董事会独立董事候选人。本次提名是在充分了解被 提名人职业、学历、职称、详细的工作经历、全部兼职、有无重大失 信等不良记录等情况后作出的，本提名人认为被提名人符合相关法律、 行政法规、部门规章、规范性文件和深圳证券交易所业务规则对独立 董事候选人任职资格及独立性的要求，具体声明并承诺如下事项： 一、被提名人已经通过北京宇信科技集团股份有限公司第三届董 事会提名委员会或者独立董事专门会议资格审查，提名人与被提名人 不存在利害关系或者其他可能影响独立履职情形的密切关系。 ☑ 是 □ 否 如否，请详细说明：____________________________ 二、被提名人不存在《中华人民共和国公司法》第一百四十六条 等规定不得担任公司董事的情形。 ☑ 是 □ 否 如否，请详细说明：______________________________ 六、被提名人担任独立董事 ...