Investment Rating - The report maintains a "Buy" rating for the company [5]. Core Views - The company's revenue has shown significant improvement, with a year-on-year increase of 33.26% in the first three quarters of 2024, reaching 533 million yuan, while the net profit attributable to the parent company decreased by 5.59% to 231 million yuan [1]. - In Q3 2024, the company achieved a revenue of 242 million yuan, representing a year-on-year growth of 187.44%, and a net profit of 127 million yuan, up 254.20% year-on-year [1]. - There is a recovery trend in downstream demand, with a notable increase in product delivery quantities in recent months, indicating a significant rebound [2]. - The gross margin for the first three quarters of 2024 was 61.31%, with a slight fluctuation across quarters, while the year-on-year decrease of 14.42 percentage points is attributed to increased fixed costs from new production lines [2]. - Research and development expenses have decreased year-on-year, leading to a drop in the R&D expense ratio by 6.12 percentage points [2]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company reported a revenue of 533 million yuan and a net profit of 231 million yuan [1]. - The Q3 2024 revenue and net profit figures were 242 million yuan and 127 million yuan, respectively, showing substantial year-on-year growth [1]. - The company forecasts net profits for 2024-2026 to be 350 million, 411 million, and 467 million yuan, with corresponding EPS of 0.80, 0.93, and 1.06 yuan [3]. Product Development and Market Demand - The new generation of carbon fiber products, represented by ZT9H, has started contributing to revenue, generating approximately 150 million yuan in 2023 [3]. - The company has successfully completed the engineering preparation of ZM40X, leading to sales in the aerospace sector, and is actively expanding applications for other products [3]. - The company has undertaken a financing initiative to support the construction of high-performance carbon fiber and fabric projects, with new capacity reaching operational status by the end of 2023 [3]. Valuation Metrics - The current stock price is 32.26 yuan, with projected P/E ratios for 2024, 2025, and 2026 at 41, 35, and 30 times, respectively [5]. - The report indicates a total market capitalization of 14.185 billion yuan and a total share capital of 440 million shares [5].

Investment Rating - The report maintains a "Recommended" rating for the company [2][5]. Core Insights - The company reported a significant improvement in Q3 operational data, with revenue of 533 million yuan for the first three quarters of 2024, representing a year-on-year growth of 33.26%. However, net profit attributable to shareholders decreased by 5.59% to 231 million yuan [1]. - In Q3 2024, the company achieved revenue of 242 million yuan, a remarkable year-on-year increase of 187.44% and a quarter-on-quarter increase of 67.6%. Net profit for Q3 reached 126 million yuan, showing a year-on-year growth of 254.2% and a quarter-on-quarter growth of 178.4% [1]. - The company is experiencing a recovery in demand, as indicated by rapid sales growth, despite the lack of revenue contribution from ongoing projects leading to increased depreciation and rising unit production costs [1]. - The company is focusing on cost control, with a gross margin of 61.3% for the first three quarters, down 14.4 percentage points year-on-year, but showing signs of improvement in Q3 with a gross margin of 62.1% [1]. - The company is expanding into new fields, particularly in the low-altitude economy, which is projected to reach a market size of 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035. The company is positioned to benefit as a core supplier of high-end carbon fiber for aerospace applications [2]. Financial Summary - For 2024-2026, the company is expected to achieve net profits of 325 million yuan, 392 million yuan, and 482 million yuan, respectively, with corresponding EPS of 0.74 yuan, 0.89 yuan, and 1.10 yuan. The current stock price corresponds to PE ratios of 39, 33, and 26 times for these years [2][8]. - The company's revenue is projected to grow from 750 million yuan in 2024 to 1.107 billion yuan in 2026, with growth rates of 34.3%, 24.81%, and 18.19% respectively [8][11]. - The gross margin is expected to stabilize around 61.6% in 2024, with slight fluctuations in subsequent years [8][11].

证券代码：300777 证券简称：中简科技 公告编号：2024-043 中简科技股份有限公司 第三届董事会第十五次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 中简科技股份有限公司（以下简称"公司"）于 2024 年 10 月 20 日向全体董事发出了关于召开第三届董事会第十五次会议的通知，会 议于 2024 年 10 月 23 日下午以现场会议结合通讯方式召开。本次会 议应参加表决董事 7 人，实际参加表决董事 7 人。会议由董事长杨永 岗先生主持，公司监事及高级管理人员列席了本次董事会。本次会议 的召集、召开、表决程序符合《中华人民共和国公司法》等法律法规、 规范性文件和《公司章程》等的有关规定。 二、董事会会议审议情况 1 公司董事会经审议，同意根据《公司法》《证券法》《深圳证券交 易所创业板股票上市规则》等有关法律、法规、规范性文件及《公司 章程》相关规定，结合公司实际情况，制定《公司委托理财管理制度》。 具体内容详见同日披露于巨潮资讯网（http://www.cninfo.com.cn） 的相关公告。 表决结果 ...

Financial Performance - The company's revenue for Q3 2024 reached ¥241,656,057.19, representing a 187.44% increase compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥126,497,933.10, a 254.20% increase year-over-year[2] - The net profit after deducting non-recurring gains and losses was ¥120,785,499.40, reflecting a 367.23% increase compared to the previous year[2] - Total operating revenue for Q3 2024 reached ¥532,627,304.17, an increase of 33.3% compared to ¥399,679,765.81 in Q3 2023[12] - Operating profit for Q3 2024 was ¥267,337,150.06, slightly down from ¥274,962,368.36 in the same period last year, reflecting a decrease of 2.3%[12] - Net profit for Q3 2024 was ¥231,174,992.51, a decrease of 5.6% compared to ¥244,908,378.44 in Q3 2023[13] - Basic earnings per share for Q3 2024 were ¥0.5257, down from ¥0.56 in Q3 2023, a decrease of 6.4%[13] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥4,535,602,856.19, a 2.93% increase from the end of the previous year[2] - Total current assets increased to ¥2,690,196,221.95 from ¥2,580,154,806.32, representing a growth of approximately 4.3%[10] - Fixed assets decreased to ¥1,382,419,132.35 from ¥1,473,957,478.36, showing a decline of about 6.2%[10] - Total liabilities decreased to ¥276,759,137.48 in Q3 2024 from ¥323,240,458.01 in Q3 2023, a decline of 14.3%[11] - Total equity increased to ¥4,258,843,718.71 in Q3 2024 from ¥4,083,464,246.62 in Q3 2023, an increase of 4.3%[11] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥104,568,668.77, down 84.67% compared to the same period last year[2] - The net cash flow from operating activities for Q3 2024 was ¥104,568,668.77, a significant decrease from ¥682,009,659.17 in Q3 2023[15] - Cash flow from investing activities showed a significant improvement, with a net inflow of ¥46,724,276.39 compared to a net outflow of ¥403,698,033.91 in the previous year[6] - Total cash inflow from investment activities was ¥3,889,843,299.58, compared to ¥4,846,413,244.57 in the same period last year[15] - The net cash flow from investment activities was ¥46,724,276.39, a recovery from a negative cash flow of -¥403,698,033.91 in Q3 2023[15] - Cash inflow from financing activities totaled ¥2,503,054.61, while cash outflow was ¥60,508,316.70, resulting in a net cash flow of -¥58,005,262.09[16] - The ending balance of cash and cash equivalents was ¥725,281,322.76, up from ¥418,351,073.32 at the end of Q3 2023[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,400[7] - The largest shareholder, Changzhou Huatai Investment Management Co., holds 13.80% of shares, totaling 60,685,622 shares[7] - The company has a significant number of shareholders involved in margin trading, with specific details on their holdings provided[8] - The company’s major shareholders include individuals and entities with substantial stakes, indicating a diverse ownership structure[7] - The report does not indicate any changes in the status of preferred shareholders or restricted shares during the period[9] Operating Costs and Expenses - The company's gross profit margin for the year-to-date was impacted by a 112.45% increase in operating costs, totaling ¥206,073,466.82[5] - The company's total operating costs for Q3 2024 were ¥293,602,880.19, up from ¥198,164,295.70 in Q3 2023, an increase of 48.1%[12] - Research and development expenses decreased to ¥66,157,723.16 in Q3 2024 from ¥74,106,810.50 in Q3 2023, a reduction of 10.5%[12] - The company reported a financial expense of -¥7,798,462.72 in Q3 2024, compared to -¥4,218,678.67 in Q3 2023, indicating an increase in financial costs[12] - The company paid ¥40,935,939.50 in taxes during Q3 2024, compared to ¥13,970,517.05 in Q3 2023, indicating an increase in tax obligations[15] Other Information - Accounts receivable increased by 62.93% to ¥733,842,820.01, primarily due to increased revenue during the reporting period[5] - Accounts receivable rose significantly to ¥733,842,820.01 from ¥450,415,963.69, indicating an increase of about 63%[10] - The company did not report any new product launches or significant market expansion strategies during the conference call[17]

中简科技股份有限公司 委托理财管理制度 第一章 总则 第一条 为规范中简科技股份有限公司（以下简称"公司"）的 委托理财交易管理，保证公司资金、财产安全，有效防范、控制委托 理财决策和执行过程中的风险，维护公司和股东的合法利益，根据《中 华人民共和国公司法》《中华人民共和国证券法》《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》《深圳证券交易所上市公司自律监 管指引第 7 号——交易与关联交易》等有关法律、法规、规范性文件 及《中简科技股份有限公司章程》（以下简称"《公司章程》"）等 的有关规定，结合公司实际情况，制定本制度。 第二条 本制度所称"委托理财"是指在国家政策及创业板相 关业务规则允许的情况下，公司及子公司在控制投资风险并履行投资 决策程序，不影响公司正常经营的前提下，以提高资金使用效率、增 加现金资产收益为原则，用闲置资金(含闲置自有资金、闲置募集资 金)进行投资管理，或通过委托银行、信托、证券、基金、期货、保险 资产管理机构、金融资产投资公司、私募基金管理人等专业理财机构 对其财产进行投资和管理或者购买相关理财产品，在确保安全性、 ...

证券代码：300777 证券简称：中简科技 公告编号：2024-046 中简科技股份有限公司 关于召开 2024 年第三次临时股东大会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 经中简科技股份有限公司（以下简称"公司"）第三届董事会第 十五次会议审议，公司决定于 2024 年 11 月 11 日下午 2:30 召开 2024 年第三次临时股东大会（以下简称"本次股东大会"），现将本次股东 大会的有关事项通知如下： 一、会议召开的基本情况 1.股东大会届次：2024 年第三次临时股东大会 2.股东大会的召集人：公司董事会 3.会议召开的合法、合规性：本次股东大会会议的召开符合有关 法律、行政法规、部门规章、规范性文件和《公司章程》等规定。 4.会议召开的日期、时间： （1）现场会议召开时间：2024 年 11 月 11 日下午 2:30。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投 票的时间为：2024 年 11 月 11 日上午 9:15-9:25，9:30-11:30 和 13:00— 15:00；通过深圳证券交易所互联网投票系统投 ...

证券代码：300777 证券简称：中简科技 公告编号：2024-044 中简科技股份有限公司 第三届监事会第十次会议决议公告 中简科技股份有限公司监事会 2024 年 10 月 25 日 1 二、监事会会议审议情况 审议通过了《关于公司 2024 年第三季度报告的议案》 经监事会审议，认为：公司董事会编制的 2024 年第三季度报告， 内容真实、准确、完整地反映了公司 2024 年第三季度的实际经营情 况，不存在任何虚假记载、误导性陈述或者重大遗漏。 表决结果：3 票同意，0 票反对，0 票弃权。 特此公告。 本公司及监事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 中简科技股份有限公司（以下简称"公司"）于 2024 年 10 月 20 日向全体监事发出了关于召开第三届监事会第十次会议的通知，会议 于 2024 年 10 月 23 日下午以现场会议结合通讯方式召开。本次会议 由监事会主席郭建强先生主持，会议应参加表决监事 3 名，实际参加 表决监事 3 名。本次会议的召集、召开、表决程序符合《中华人民共 和国公司法》等法律法规、规范性文件和《公 ...

公司已于 2024 年 9 月 2 日对相关理财产品发起了赎回申请，于 2024 年 9 月 3 日共计收到本金 5,000 万元及理财收益 372,809.13 元 （公告编号：2024-040）。 证券代码：300777 证券简称：中简科技 公告编号：2024-041 中简科技股份有限公司 关于公司使用闲置自有资金委托理财进展的公告 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。 中简科技股份有限公司（以下简称"公司"）于 2024 年 3 月至 2024 年 8 月，先后分 5 笔进行闲置自有资金委托理财，总额共计 3 亿 元。因对上述产品理解有偏差，未及时提请董事会审议，开展了委托 理财。公司于 2024 年 8 月 27 日召开第三届董事会第十四次会议、第 三届监事会第九次会议，审议通过了《关于补充确认公司使用闲置自 有资金委托理财的议案》。全体董事均已对上述超出董事会授权范围 之外的委托理财事项进行补充确认，全体监事对该补充确认事项无异 议。 公司已于 2024 年 8 月 26 日对相关理财产品发起了赎回申请，于 2024 年 8 月 28 日共 ...

证券代码：300777 证券简称：中简科技 公告编号：2024-040 中简科技股份有限公司 关于回购公司股份的进展公告 一、回购股份的进展情况 截至 2024 年 9 月 30 日，公司以集中竞价方式累计回购公司股份 386,300 股，占公司总股本的 0.09%，最高成交价为 23.806 元/股，最 低成交价为 19.40 元/股，成交总金额为人民币 8,218,039.00 元。上述 回购进展符合公司回购股份方案及相关法律法规的规定。 二、其他说明 （一）公司首次回购股份的时间、回购股份的数量及集中竞价交 易的委托时段等均符合《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》的相关规定。具体情况 如下： 1、公司未在下列期间回购股份： （1）自可能对本公司证券及其衍生品种交易价格产生重大影响 的重大事项发生之日或者在决策过程中，至依法披露之日内； 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 中简科技股份有限公司（以下简称"公司"）于 2024 年 5 月 15 日召开第三届董事会第十三次会议，审议通过了《关于回 ...