证券代码：300810 证券简称：中科海讯 公告编号：2025-050 北京中科海讯数字科技股份有限公司 第四届董事会第三次会议决议公告 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 北京中科海讯数字科技股份有限公司（以下简称"公司"）第四届董事会第 三次会议于 2025 年 4 月 22 日通过电子邮件或者即时通讯等方式发出会议通知， 所有会议议案资料均在本次会议召开前提交全体董事。会议于 2025 年 4 月 28 日 上午 10:00 在公司会议室以现场结合通讯方式召开。本次会议应出席董事 8 人， 实际出席董事 8 人，其中独立董事 3 名，会议由公司董事长张秋生先生召集和主 持。会议的召集和召开符合《中华人民共和国公司法》（以下简称"《公司法》"） 等法律、行政法规、部门规章、规范性文件和《北京中科海讯数字科技股份有限 公司章程》（以下简称"《公司章程》"）的规定，所作决议合法有效。 二、董事会会议审议情况 本次会议经与会董事审议并书面表决，通过如下决议： （一）审议通过《关于 2025 年第一季度报告全文的议案》 同意《关 ...

Financial Performance - The company's revenue for Q1 2025 was ¥46,831,776.91, a decrease of 6.13% compared to ¥49,888,439.35 in the same period last year[5] - The net loss attributable to shareholders was ¥25,229,458.12, representing an increase of 83.90% from a loss of ¥13,718,958.86 in the previous year[5] - Basic and diluted earnings per share were both -¥0.2164, reflecting an 85.43% increase in loss per share from -¥0.1167[5] - Net profit for the period was a loss of ¥25,500,129.43, compared to a loss of ¥13,701,081.01 in the previous period, indicating a worsening of approximately 86%[28] - The company's operating profit was reported at -¥29,535,287.23, compared to -¥16,053,017.95 in the prior year, reflecting a decline of about 84.5%[28] Cash Flow and Liquidity - The net cash flow from operating activities was -¥57,376,661.43, a decline of 5.99% compared to -¥54,132,055.24 in the same period last year[5] - Cash flow from operating activities was reported at ¥9,114,961.96, a significant decrease from ¥24,277,350.00 in the previous period[31] - The total cash inflow from operating activities was 9,525,065.78, compared to 29,603,601.41 previously, showing a significant drop in operational income[32] - The ending cash and cash equivalents balance was 79,886,877.12, down from 81,820,760.08, reflecting a decrease in liquidity[33] - The total cash outflow from operating activities was 66,901,727.21, compared to 83,735,656.65 in the previous period, indicating reduced operational expenditures[32] Assets and Liabilities - Total assets decreased by 4.83% to ¥1,136,056,780.95 from ¥1,193,733,586.54 at the end of the previous year[5] - The total liabilities decreased to ¥340,163,421.96 from ¥372,340,098.12, a reduction of about 8.6%[26] - The total equity attributable to shareholders decreased to ¥792,834,602.93 from ¥818,064,061.05, a decline of approximately 3.1%[26] - The company's cash and cash equivalents decreased by 51.64% to ¥79,886,877.12, primarily due to operating expenses and investment in financial products[9] Research and Development - Research and development expenses decreased by 42.83% to ¥3,142,467.64 from ¥5,496,325.89 in the previous year, attributed to adjustments in R&D projects[10] - Research and development expenses decreased to ¥3,142,467.64 from ¥5,496,325.89, a reduction of approximately 42.8% year-over-year[28] Shareholder Information - The largest shareholder, Ningbo Meishan Free Trade Port Zone Zhongke Haixun Technology Investment Partnership, holds 29.26% of shares, totaling 34,546,824 shares[14] - The second largest shareholder, Ningbo Meishan Free Trade Port Zone Zhihai Acoustic Enterprise Management Partnership, holds 12.60% of shares, totaling 14,875,813 shares[14] - Shareholder Cai Huizhi holds 4.57% of shares, totaling 5,394,033 shares, with 4,045,525 shares pledged[14] - The company’s major shareholder, Ningbo Meishan Free Trade Port Zone Zhihai Acoustic Enterprise Management Partnership, reduced its holdings by 2,248,600 shares, representing 1.93% of the total share capital after excluding repurchased shares[15] Corporate Governance - The company’s board of directors has undergone a re-election, with new candidates nominated for both non-independent and independent director positions[16] - The first extraordinary general meeting of 2025 approved the election of new directors, maintaining a balance between non-independent and independent directors[17] - The company appointed Mr. Zhang Qiusheng as the chairman of the board, with a term until the current board's term expires[19] - The company established four specialized committees: Strategy Committee, Audit Committee, Nomination Committee, and Compensation and Assessment Committee, each consisting of three directors[20] - The company appointed Ms. Cheng Cai and Mr. Zhang Huaying as non-employee representative supervisors for the fourth supervisory board[22] Impairment and Other Losses - The company reported a significant increase in asset impairment losses of 274.75%, amounting to -¥1,679,562.72 compared to a gain of ¥961,114.10 in the previous year[10] - The company reported a significant increase in credit impairment losses, amounting to -¥17,079,802.06 compared to -¥19,797,345.69 in the previous period, indicating ongoing challenges in asset quality[28] - Other income decreased by 73.75% to ¥101,409.83 from ¥386,262.94, primarily due to a reduction in government subsidies received[10] Investment Activities - The net cash flow from investment activities improved by 77.42%, moving from -¥109,985,519.82 to -¥24,835,097.39, mainly due to the redemption of financial products[11] - Total cash inflow from investment activities was 325,481,851.59, significantly higher than 110,383,961.09 in the prior period, reflecting increased investment recovery[32]

Group 1: Industry Overview - The company operates in the special electronic information industry, focusing on sonar equipment for underwater detection and communication [3] - Sonar equipment is a core technology for deep-sea exploration and is crucial for enhancing national marine capabilities [3] - The industry is supported by national policies and is classified as a strategic emerging industry [3][4] Group 2: Financial Performance - In 2024, the company's revenue reached 239.71 million yuan, a 45.65% increase from the adjusted revenue of 164.58 million yuan in the previous year [3] - The net profit attributable to shareholders was -26.14 million yuan, indicating a significant reduction in losses compared to the previous year [3] Group 3: Future Growth Prospects - The company plans to leverage its core technologies for industrial application, focusing on product performance optimization and expanding application scenarios [4] - The development of unmanned systems, artificial intelligence, and big data technologies presents opportunities for product functionality and performance enhancement [4] - Key R&D directions include intelligent marine information equipment, new signal processing devices, simulation training systems, and big data systems [4] Group 4: Market and Strategic Positioning - The company is currently focused on domestic operations, with no immediate impact from the US-China trade war [5] - There are plans to expand into civilian products, particularly in the marine equipment sector [6] - The growth of China's shipbuilding industry, with double-digit growth in key indicators, is expected to benefit the marine equipment sector and the company's business [6] Group 5: Challenges and Mitigation Strategies - Continuous losses are attributed to credit impairment losses and adjustments in variable pricing estimates [6] - The company aims to improve cash flow by enhancing accounts receivable collection and reducing bad debt risks [6] - Efforts will be made to accelerate payment cycles and improve operational efficiency [6]

Investment Rating - The report initiates coverage with a "Buy" rating for the company [3][5]. Core Views - The company significantly reduced its losses in 2024, with a year-on-year decrease in net profit loss of 83.34%, attributed to improved project valuation and better management of accounts receivable [2][3]. - The government has included deep-sea technology in its key emerging industries, which is expected to benefit the company due to its comprehensive underwater detection technology [3]. Financial Performance Summary - In 2024, the company achieved revenue of 240 million yuan, a year-on-year increase of 45.65%, and a net profit attributable to shareholders of -26 million yuan, a reduction in loss of 83.34% compared to the previous year [1][2]. - The revenue breakdown by product shows significant growth in the signal processing platform, which generated 159 million yuan, up 218.35% year-on-year, while the sonar system revenue increased by 58.23% to 59 million yuan [2]. - The gross margin improved to 27.40%, an increase of 35.46 percentage points year-on-year, while the total expense ratio decreased by 16.42 percentage points to 35.33% [2]. Future Projections - Revenue projections for 2025-2027 are estimated at 471 million yuan, 657 million yuan, and 868 million yuan, respectively, with net profits expected to reach 86 million yuan, 135 million yuan, and 195 million yuan [3][4]. - The earnings per share (EPS) are projected to be 0.73 yuan, 1.14 yuan, and 1.65 yuan for the years 2025, 2026, and 2027, respectively [3][4].

Summary of Zhongke Haixun Conference Call Company Overview - Zhongke Haixun was established in 2005 and listed on the Shenzhen Stock Exchange's Growth Enterprise Market on December 6, 2019. The company specializes in sonar equipment for specialized users, focusing on the production and research of marine special equipment. It is the largest private enterprise in the domestic underwater acoustics technology field [3][4]. Financial Performance - In 2024, Zhongke Haixun's revenue reached approximately 240 million yuan, representing a year-on-year growth of 45.65%. The signal processing platform was the largest contributor to this revenue [3][9]. - The net profit was a loss of 26.14 million yuan, but this marked a significant reduction in losses due to cost optimization, tax benefits, and improved cash flow. The net cash flow from operating activities increased by 135.42% to 24.95 million yuan [3][9][10]. - The company reported a cash inflow from sales of goods and services of 345 million yuan, a year-on-year increase of about 92% [10]. Key Business Segments - The company has achieved a 100% localization rate for its signal processing platform and has developed a new platform based on GPU heterogeneous computing, which has completed prototype testing [3][6]. - Revenue from underwater big data and simulation systems decreased by approximately 50 million yuan due to project delivery delays. Excluding this factor, the business remained stable compared to 2023 [3][11]. - The company’s future strategy includes expanding into the civilian market, promoting data centers, developing intelligent algorithms, and increasing applications for unmanned platforms [3][7]. Market Opportunities - The government work report has classified deep-sea technology as a strategic emerging industry, providing opportunities for the development of underwater perception technology and sonar equipment [3][8]. - The revenue from unmanned detection systems was about 7 million yuan in 2024, primarily from sonar systems for unmanned vessels. The company anticipates significant future demand for unmanned platforms, closely related to national planning and military applications [3][16]. Product and Technology Development - The company’s products mainly consist of integrated software and hardware systems, including signal processing platforms (valued at approximately 3 million yuan each), underwater information systems, sonar algorithm software, and big data simulation systems [3][19]. - The company has developed a unique underwater target recognition system by combining traditional sonar technology with AI algorithms, which has led to successful project acquisitions [20][22]. Challenges and Risks - The company faces challenges in revenue recognition due to project delivery schedules, which can affect cash flow and financial performance [11][25]. - The overall operating situation in 2025 is expected to remain stable, with continued focus on core business areas and improvement in cash flow and profit margins [9][23]. Customer Base and Competition - Major clients include China Shipbuilding and China Marine Defense, with the company possessing comprehensive capabilities in sonar system research, design, and production [3][24]. - The competitive landscape includes similar industry players, with Zhongke Haixun maintaining a differentiated competitive position through its unique sales platform and data services [31]. Future Outlook - The company expects continued growth in orders and revenue in the underwater and marine equipment sector, driven by increased national focus and improving payment conditions [23][27]. - The first positive military contract in 2025 marks a new phase in business development, indicating more stable and sustainable growth prospects [26].

Group 1: Company Overview and Products - The company focuses on the development, production, and sales of sonar equipment in the national special electronic information industry [1][2] - Key products include signal processing platforms, sonar systems, underwater big data, simulation training systems, unmanned detection systems, and data centers, primarily serving national special departments [2] Group 2: Financial Performance in 2024 - The company's operating revenue for 2024 was 239.71 million yuan, a 45.65% increase from the adjusted revenue of 164.58 million yuan in the previous year [3] - Revenue breakdown: - Signal processing platforms: 158.91 million yuan - Sonar systems: 59.46 million yuan - Underwater big data and simulation systems: 12.06 million yuan - Unmanned detection systems: 7.17 million yuan [3] - The net profit attributable to shareholders was -26.14 million yuan, indicating a loss [3] - The net cash flow from operating activities was 24.95 million yuan, a 135.42% increase from -70.45 million yuan in the previous year [3] Group 3: Product Development and Innovations - The company has developed a new generation heterogeneous high-performance signal processing platform based on GPU chips, with expected mass orders in 2025 [7] - The HX-A200 domestically produced core processing chip has been developed and tested, aimed at sonar equipment data computation needs [7] - The unmanned detection system generated revenue for the first time in 2024, with a batch delivery of a certain unmanned autonomous release and recovery system [7] Group 4: Cash Flow and Accounts Receivable Management - The company improved its accounts receivable management, with cash received from sales amounting to 344.51 million yuan, a 91.88% increase from 179.54 million yuan in the previous year [10] - Plans to enhance collection efforts on long-aged accounts to reduce bad debt risk and improve cash flow efficiency in 2025 [10] Group 5: Future Projects and Market Expansion - The company completed the system integration of a certain data computing center project in 2024, with the second phase successfully winning a bid in 2025 [11] - Future business will focus on multi-level data computing center construction for training bases, research institutes, and support organizations [11]

Core Insights - Beijing Zhongke Haixun Digital Technology Co., Ltd. (referred to as "Zhongke Haixun") reported a significant revenue increase of 45.65% year-on-year, achieving a total revenue of 239.71 million yuan in 2024 [2] - The company has made notable progress in its key business areas, with revenue contributions from various segments including signal processing platform (158.91 million yuan), sonar systems (59.46 million yuan), underwater big data and simulation systems (12.06 million yuan), and unmanned detection systems (7.17 million yuan) [2] - Despite the revenue growth, Zhongke Haixun reported a net loss of 26.14 million yuan attributable to shareholders of the listed company for the year 2024 [2] Business Development Strategy - In 2025, Zhongke Haixun plans to focus on core business development and optimize its operational management system through seven strategic initiatives [3] - The company aims to increase R&D investment in intelligent marine information equipment and ensure sufficient funding for ongoing projects to maintain its technological leadership in the industry [3] - Key products such as domestic signal processing platforms, sonar systems, underwater big data, simulation training systems, unmanned detection systems, and data computing centers will be prioritized for market deployment [3] - Efforts will be made to enhance accounts receivable collection, particularly for long-aged projects, to reduce bad debt risk and improve cash flow efficiency [3] - The company will implement comprehensive budget control and optimize cost structures to achieve cost reduction and efficiency improvement [3] - Project operations, procurement, production, quality, and confidentiality management will be strengthened to ensure timely and quality delivery of orders [3] - Zhongke Haixun will further standardize its governance structure and enhance management processes to promote sustainable development [3]

北京中科海讯数字科技股份有限公司 2024年度总经理工作报告 2024 年度，作为北京中科海讯数字科技股份有限公司（以下简称"公司"） 总经理，本人严格按照《公司法》《证券法》等法律法规以及《公司章程》《总经 理工作细则》的有关规定，切实履行董事会赋予的职责，认真贯彻执行股东大会、 董事会通过的各项决议，维护股东及公司利益，持续完善公司治理水平，不断提 升公司规范运作能力，保障了公司持续、健康、稳定发展。现将公司 2024 年度 工作情况报告如下： 一、2024 年总体经营情况 （一）经营情况 2024 年度，公司的主要经营指标情况如下： 1、营业收入方面，公司继续专注主业，并深化核心能力建设，关键业务方 向进展显著。报告期内，公司营业收入为 23,971.37 万元，较上年同期审减后营 业收入 16,458.04 万元增长 45.65%，其中信号处理平台方向创收 15,891.29 万元， 声呐系统方向创收5,946.47万元，水声大数据与仿真系统方向创收1,205.88万元， 无人探测系统方向创收 716.81 万元。根据特种部门采购制度的有关规定，公司 销售的部分产品需由特种部门审价，公司对当年及以前年 ...

证券代码：300810 证券简称：中科海讯 公告编号：2025-041 北京中科海讯数字科技股份有限公司 关于 2025 年监事薪酬方案的公告 本公司及监事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 公司监事在公司担任日常经营管理职务者，按照所担任的管理职务领取薪酬， 不再单独领取监事津贴；未在公司担任日常管理职务的监事根据市场薪酬水平、 其承担的风险责任确定薪酬或津贴。 四、其他规定 （一）在公司担任日常经营管理职务的监事薪酬按照公司相关薪酬与绩效考 核管理制度的规定发放； （二）公司监事因换届、改选、任期内辞职等原因离任，薪酬按实际任期计 算并予以发放； （三）涉及的个人所得税统一由公司代扣代缴； 北京中科海讯数字科技股份有限公司（以下简称"公司"）根据《公司章程》 等相关制度，结合公司经营情况、地区及行业薪酬水平，制订公司 2025 年监事 薪酬方案如下： 一、适用范围 公司全体监事。 二、适用期限 2025 年 1 月 1 日至 2025 年 12 月 31 日。 三、发放标准 （四）根据相关法律法规及《公司章程》的要求，公司 2025 年监事薪酬方 案尚需提 ...

证券代码：300810 证券简称：中科海讯 公告编号：2025-040 北京中科海讯数字科技股份有限公司 关于 2025 年高级管理人员薪酬方案的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 为强化公司高级管理人员勤勉尽责，提升工作效率及经营效益，保证公司持 续稳定健康的发展，根据《公司章程》《北京中科海讯数字科技股份有限公司薪 酬与考核委员会工作细则》等相关制度，结合同行业可比公司的薪酬水平及公司 的实际经营情况，制订公司 2025 年高级管理人员薪酬方案如下： 一、适用范围 公司全体高级管理人员。 二、适用期限 2025 年 1 月 1 日至 2025 年 12 月 31 日。 三、发放标准 公司按照以下原则来确定高级管理人员的 2025 年薪酬： （一）实行收入水平与公司效益及工作目标挂钩的原则； （二）薪酬与公司长远利益相结合的原则，防止短期行为，促进公司业务长 期稳健发展； （三）薪酬标准参照目前的实际收入水平，结合地区及行业薪酬水平情况， 既要有利于强化激励与约束机制，又要符合公司的实际情况。 四、其他规定 （一）公司高级管理人员薪酬按照公 ...