证券代码：300803 证券简称：指南针 公告编号：2024-055 北京指南针科技发展股份有限公司 第十四届监事会第二十三次会议决议公告 本公司及监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。 一、监事会会议召开情况 1. 北京指南针科技发展股份有限公司（以下简称"公司"）于 2024 年 12 月 17 日以邮件方式发出第十四届监事会第二十三次会议通知。 2. 本次监事会于 2024 年 12 月 20 日以通讯方式召开。 3. 本次监事会由监事会主席税翎女士主持，本次会议应出席会议的监事 3 人， 实际出席会议的监事 3 人。 具体内容详见公司于同日在巨潮资讯网（http://www.cninfo.com.cn）披露的 《关于向全资子公司麦高证券有限责任公司增资的公告》（公告编号：2024-056）。 根据相关法律法规及《公司章程》规定，本次向子公司增资事项在董事会审 批权限范围内，本议案无需提交股东大会审议。 表决结果：同意 3 票；反对 0 票；弃权 0 票 （二）审议通过《关于公司符合向特定对象发行 A 股股票条件的议案》 根据《中华人民共和国公司法》《中 ...

3、调整后的本次发行募集资金使用可行性分析报告对募集资金使用的可行 性进行了分析，本次募集资金投资项目的用途符合国家相关政策的规定以及公司 的实际情况和发展需求，符合公司所处行业现状及发展趋势，符合公司的长远发 展目标和全体股东的利益，符合相关法律法规的要求。 4、调整后的本次发行摊薄即期回报填补措施以及相关主体就保障填补措施 的切实履行出具的承诺，符合《国务院办公厅关于进一步加强资本市场中小投资 者合法权益保护工作的意见》（国办发〔2013〕110 号）和《关于首发及再融资、 重大资产重组摊薄即期回报有关事项的指导意见》（中国证券监督管理委员会公 告〔2015〕31 号）等相关法律、法规和规范性文件的规定。公司关于填补本次 向特定对象发行摊薄即期回报采取的措施切实可行，相关主体对公司填补回报措 北京指南针科技发展股份有限公司监事会 关于调整公司 2022 年度向特定对象发行 A 股股票相关事项 的书面审核意见 根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证 券法》（以下简称《证券法》）、《上市公司证券发行注册管理办法》（以下简称《注 册管理办法》）等有关法律、法规和规范性文件以及《北 ...

证券代码：300803 证券简称：指南针 公告编号：2024-053 北京指南针科技发展股份有限公司 关于控股股东部分股份质押展期的公告 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。 2. 股东股份累计被质押的情况 截至公告披露日，广州展新所持质押股份情况如下： 股东 名称 持股数量 （股） 持股 比例 (%) 本次质押 展期后质 押股份数 量（股） 占其 所持 股份 比例 （%） 占公司总 股本比例 （%） 已质押股份 情况 未质押股份 情况 已质押股份 限售和冻 结、标记数 量（股） 占已质押 股份比例 （%） 未质押股份 限售和冻结 数量（股） 占未质押 股份比例 （%） 广州 展新 165,626,536 40.45 10,250,000 6.19 2.50 0 0 0 0 合计 165,626,536 40.45 10,250,000 6.19 2.50 0 0 0 0 3. 公司控股股东广州展新质押的股份数量占其所持公司股份数量比例未达 到 50%，目前不存在平仓风险，公司将持续关注广州展新股份质押的情况，并按 照相关规定及时履行信息披露义务。 ...

证券代码：300803 证券简称：指南针 公告编号：2024-052 北京指南针科技发展股份有限公司 关于参与先锋基金管理有限公司股权司法拍卖的 进展公告 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。 一、公司参与先锋基金股权司法拍卖的基本情况 具体内容详见公司于 2023 年 12 月 25 日、2024 年 12 月 4 日在巨潮资讯网 （http://www.cninfo.com.cn）披露的相关公告（公告编号：2023-071、2024-051）。 二、进展情况 公司于 2024 年 12 月 6 日收到江苏省泰州市中级人民法院发来的（2019）苏 12 执 904 号之四《执行裁定书》，裁定如下： "1.原属联合创业集团有限公司所持先锋基金管理有限公司比例为 34.2076%的股权归买受人北京指南针科技发展股份有限公司（统一社会信用代 码：911101087263410239）所有，附着于上述股权上的查封、他项权登记效力灭 失。 2.买受人北京指南针科技发展股份有限公司可持本裁定书到财产管理机构 办理上述股权的过户登记手续。 本裁定送达后即发生法律 ...

北京指南针科技发展股份有限公司（以下简称"公司"）于 2023 年 12 月 25 日参与江苏省泰州市中级人民法院在淘宝网司法拍卖网络平台开展的"被执 行人联合创业集团有限公司所持有先锋基金管理有限公司（以下简称"先锋基 金"）比例为 34.2076%股权"的司法拍卖，并以 110,211,594.5 元的价格竞得。 公司已于 2023 年 12 月 22 日召开第十三届董事会第十九次会议授权经营层以自 有资金参与先锋基金股权司法拍卖。具体内容详见公司于 2023 年 12 月 25 日在 巨潮资讯网（http://www.cninfo.com.cn）披露的《关于参与先锋基金管理有限公 司股权司法拍卖的公告》（公告编号：2023-071）。 二、进展情况 证券代码：300803 证券简称：指南针 公告编号：2024-051 北京指南针科技发展股份有限公司 关于参与先锋基金管理有限公司股权司法拍卖的 进展公告 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。 一、公司参与先锋基金股权司法拍卖的基本情况 特此公告。 北京指南针科技发展股份有限公司 董事会 2024 ...

证券代码：300803 证券简称：指南针 编号：2024-006 | --- | --- | --- | |-------------------------|--------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | 特定对象调研 | 分析师会议 | | 投资者关系活动 | □媒体采访 | □业绩说明会 | | | □新闻 ...

Investment Rating - Maintains a "Buy" rating for the company [1] Core Views - The company's financial information service business is highly correlated with the capital market's prosperity, and the securities business is in a growth phase with low base and high potential [2] - The company's brokerage business revenue is expected to grow steadily due to a certain scale of customer base and experience in traffic diversion [2] - The company's capital intermediary business is steadily growing, and its proprietary business is also growing steadily [2] - The company's financial information service business is expected to be positively impacted in the fourth quarter due to increased demand for C-end products from retail investors [2] Financial Performance - In the first three quarters of 2024, the company achieved a total operating income of 776 million yuan, a year-on-year increase of 13.61%, and a net profit attributable to the parent company of -110 million yuan, a year-on-year decrease of 171.18% [1] - In the third quarter of 2024, the company achieved a total operating income of 231 million yuan, a year-on-year increase of 34.50%, and a net profit attributable to the parent company of -61 million yuan, a year-on-year decrease of 3.53% [1] - The company's financial information service revenue in the first three quarters of 2024 was 595 million yuan, a year-on-year decrease of 0.73%, accounting for 77% of the total revenue [2] - The company's net income from handling fees and commissions in the first three quarters of 2024 was 135 million yuan, a year-on-year increase of 126% [2] - The company's net interest income in the first three quarters of 2024 was 46 million yuan, a year-on-year increase of 92.70% [2] - The company's proprietary business income in the first three quarters of 2024 was 99 million yuan, a year-on-year increase of 104% [2] Profit Forecast and Valuation - The company's net profit attributable to the parent company is expected to be 106 million yuan, 153 million yuan, and 211 million yuan in 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 365, 253, and 184 times [2] - The company's operating income is expected to be 1,445 million yuan, 1,948 million yuan, and 2,721 million yuan in 2024, 2025, and 2026, respectively, with year-on-year growth rates of 29.85%, 34.83%, and 39.64% [1] - The company's net profit attributable to the parent company is expected to be 106 million yuan, 153 million yuan, and 211 million yuan in 2024, 2025, and 2026, respectively, with year-on-year growth rates of 45.88%, 44.07%, and 38.03% [1] - The company's EPS is expected to be 0.26 yuan, 0.37 yuan, and 0.52 yuan in 2024, 2025, and 2026, respectively [1] Market Data - The company's closing price is 94.55 yuan, with a one-year low/high price of 33.14/118.00 yuan [5] - The company's P/B ratio is 21.22 times, with a circulating A-share market value of 38,217.12 million yuan and a total market value of 38,668.76 million yuan [5] Basic Data - The company's net asset per share is 4.46 yuan, with an asset-liability ratio of 79.41% [6] - The company's total share capital is 408.98 million shares, with circulating A-shares of 404.20 million shares [6]

Investment Rating - The report maintains an "Accumulate" rating for the company, with a target price adjusted to 110.00 CNY, up from a previous forecast of 48.60 CNY [4][8]. Core Views - The company's revenue growth is attributed to the rapid development of its securities business, while profit decline is primarily due to decreased revenue from financial information services and increased sales expenses. The market is currently active, and there is optimism for a performance rebound [3][8]. Summary by Sections Financial Performance - For Q3 2024, the adjusted revenue (including investment business income) is reported at 87.5 million CNY, with a net profit of -11 million CNY, reflecting a year-on-year change of -19.62% and -171.18%, respectively, which is below expectations [8]. - The company’s revenue increased year-on-year, mainly driven by the rapid growth of its securities brokerage and proprietary trading businesses, with net commission income reaching 135 million CNY, up 125.92% year-on-year, and net interest income at 46 million CNY, up 92.70% [8]. Market Outlook - The report indicates that the market is showing signs of recovery, with the Wande All A Index rising 28% from September 24 to October 30, and daily stock trading volume reaching 2 trillion CNY, which is expected to benefit both the financial information services and securities businesses [8]. - The company is in the process of issuing stock to specific investors, which is currently under review by the Shenzhen Stock Exchange, and the progress has been slower than expected due to various factors [8]. Financial Projections - The net profit forecasts for 2024-2026 have been adjusted to 104 million CNY, 408 million CNY, and 588 million CNY, respectively, with corresponding EPS of 0.26 CNY, 1.00 CNY, and 1.44 CNY [8][9]. - The report highlights a significant increase in sales expenses, which rose by 25% year-on-year to 479 million CNY in Q3 2024, attributed to expanded brand promotion and customer acquisition efforts [8].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected price increase of over 15% in the next 6-12 months [4][12]. Core Views - The company reported a total revenue of 780 million yuan for the first three quarters of 2024, representing a year-on-year growth of 13.6%. However, the net profit attributable to the parent company was -110 million yuan, a decline of 131.4% year-on-year, primarily due to a decrease in financial information service revenue and increased marketing expenses [2]. - In Q3 alone, the company achieved revenue of 230 million yuan, a year-on-year increase of 34.5%, while the net profit attributable to the parent company was -60 million yuan, down 3.9% year-on-year [2]. - Despite a challenging capital market environment, the company has been expanding its brand promotion and customer acquisition efforts, leading to a significant increase in registered and paying users [3]. Summary by Sections Performance Review - For the first three quarters of 2024, the company achieved total revenue of 780 million yuan, up 13.6% year-on-year, but reported a net loss of 110 million yuan, down 131.4% year-on-year [2]. - In Q3, the company recorded revenue of 230 million yuan, a 34.5% increase year-on-year, with a net loss of 60 million yuan, a decrease of 3.9% year-on-year [2]. Business Analysis - The company's various business segments showed high growth, with Q3 net interest income reaching 18.37 million yuan, up 73.7% year-on-year, and commission income of 52.92 million yuan, up 109.3% year-on-year, driven by increased brokerage business [3]. - Investment income for Q3 was 35.31 million yuan, a significant increase of 168.6% year-on-year, mainly from proprietary trading activities [3]. - The company's financial information service revenue decreased due to a 15.1% year-on-year drop in the average daily trading volume of A-shares in Q3. However, with the market's recovery in late September, a strong growth in this segment is anticipated in Q4 [3]. Profit Forecast - Based on the Q3 report and expectations of a recovering capital market, the revenue forecasts for 2024-2026 have been adjusted to 1.37 billion, 1.86 billion, and 2.51 billion yuan, reflecting year-on-year growth rates of 23.5%, 35.1%, and 34.9% respectively. The net profit forecasts have been adjusted to 60 million, 160 million, and 310 million yuan, with corresponding year-on-year growth rates of -12.1%, 148.6%, and 95.2% [4].

Revenue and Profit Performance - Revenue for the third quarter reached 231.43 million yuan, a year-on-year increase of 34.50%[3] - Net profit attributable to shareholders of the listed company was -60.99 million yuan, a year-on-year decrease of 3.53%[3] - Operating income for the period reached 776.36 million RMB, up from 683.37 million RMB, a 13.6% increase[20] - Net profit for the period was -109.96 million RMB, compared to -40.56 million RMB in the previous period, indicating a 171.1% increase in losses[21] - Basic earnings per share (EPS) were -0.27, down from -0.10 in the previous period[22] Asset and Liability Changes - Total assets as of the end of the reporting period were 8.77 billion yuan, an increase of 61.42% compared to the end of the previous year[3] - Total assets increased to 8.77 billion RMB from 5.43 billion RMB, a significant growth of 61.4%[18] - Total liabilities rose to 6.96 billion RMB from 3.58 billion RMB, marking a 94.6% increase[19] - The company's total assets increased from 3,496,505,073.00 yuan at the beginning of the period to 6,674,168,504.00 yuan at the end of the period, with a significant increase in monetary funds from 2,569,531,060.00 yuan to 5,558,100,450.00 yuan[17] - The company's monetary funds increased by 116.31% to 5.56 billion yuan, primarily due to increased customer deposits in brokerage business[7] Cash Flow and Financial Activities - Net cash flow from operating activities for the first nine months was 3.09 billion yuan, a year-on-year increase of 187.05%[9] - Operating cash flow increased to 3,094,832,428 yuan, up from 1,078,169,398 yuan in the previous period[23] - Sales of goods and services generated 607,267,400 yuan in cash, a decrease from 646,505,472 yuan in the previous period[23] - Cash received from interest and commissions rose to 205,858,586 yuan, compared to 100,197,624 yuan in the previous period[23] - Cash received from securities trading surged to 3,079,015,977 yuan, up from 1,077,230,264 yuan in the previous period[23] - Investment cash inflow reached 3,196,332,755 yuan, a significant increase from 1,014,997,228 yuan in the previous period[23] - Cash outflow for investments was 3,377,719,042 yuan, compared to 1,313,386,065 yuan in the previous period[24] - Net cash flow from financing activities was 261,898,797 yuan, up from 136,538,905 yuan in the previous period[24] - Total cash and cash equivalents at the end of the period stood at 5,985,983,048 yuan, compared to 2,278,482,710 yuan in the previous period[24] Brokerage and Financial Services - Interest income increased by 92.70% to 45.86 million yuan, driven by growth in brokerage business[9] - Commission and fee income increased by 125.92% to 135.14 million yuan, also due to growth in brokerage business[9] - Investment income rose by 116.08% to 87.25 million yuan, mainly from securities proprietary trading business[9] - The company's brokerage and proprietary business at Maigo Securities saw a 125.92% YoY increase in net commission income to 135 million yuan and a 92.70% YoY increase in net interest income to 46 million yuan[15] Shareholder and Equity Information - The number of ordinary shareholders at the end of the reporting period was 50,771[10] - Guangzhou Zhanxin Communication Technology Co., Ltd. holds 40.45% of the shares, making it the largest shareholder[10] - The company's 2022 stock option incentive plan saw 531,192 options exercised by the end of the reporting period, with 3,367,508 options remaining unexercised[16] Financial Information Service Business - The company's financial information service business is highly correlated with the capital market's performance, and the total transaction volume of the securities market in the first three quarters of 2024 decreased compared to the same period last year, negatively impacting the business[14] - The company's financial information service business experienced a significant increase in registered and paying users, with advertising and network promotion expenses rising year-over-year, affecting profits[14] Intangible Assets and Development Expenditure - Intangible assets grew to 66.57 million RMB from 60.38 million RMB, a 10.3% increase[18] - Development expenditure remained unchanged, with no new entries recorded[18] - Goodwill remained stable at 1.29 billion RMB, showing no change from the previous period[18] - Long-term prepaid expenses increased to 17.24 million RMB from 10.10 million RMB, a 70.7% rise[18] - Deferred tax assets grew to 146.86 million RMB from 127.72 million RMB, a 15.0% increase[18]