卢 丝 雨 ：高级分析师，硕士，毕业于上海交通大学，2021 年加入广发证券发展研究中心。 张 丰 淇 ：高级研究员，硕士，毕业于伦敦政治经济学院，2022 年加入广发证券发展研究中心。 毛 玥 ：高级研究员，上海交通大学管理学硕士，2022 年加入广发证券发展研究中心。 [Table_IndustryInvestDescription] 广发证券—行业投资评级说明 买入： 预期未来 12 个月内，股价表现强于大盘 10%以上。 持有： 预期未来 12 个月内，股价相对大盘的变动幅度介于-10%～+10%。 卖出： 预期未来 12 个月内，股价表现弱于大盘 10%以上。 [Table_CompanyInvestDescription] 广发证券—公司投资评级说明 买入： 预期未来 12 个月内，股价表现强于大盘 15%以上。 增持： 预期未来 12 个月内，股价表现强于大盘 5%-15%。 持有： 预期未来 12 个月内，股价相对大盘的变动幅度介于-5%～+5%。 卖出： 预期未来 12 个月内，股价表现弱于大盘 5%以上。 [Table_Address] 联系我们 | --- | --- | --- | - ...

Investment Rating - The report maintains a "Buy" rating for the company [6][30]. Core Views - The company has shown significant improvement in its operating conditions in 2023, with a revenue increase of 34.97% year-on-year, reaching 816 million yuan, and a return to profitability with a net profit of 52 million yuan [17]. - The gaming equipment sales business has seen a revenue of 398 million yuan in 2023, a year-on-year growth of 27.28%, contributing 48.79% to total revenue [5]. - The company is expanding its overseas market presence, achieving 100 million yuan in overseas sales in 2023, with a strong recovery in customer demand in Southeast Asia [5]. - The anime IP derivative products sales business has experienced substantial growth, with revenue reaching 259 million yuan, a 75.64% increase year-on-year, and a gross margin of 41.16% [18]. - The amusement park operations business generated 108 million yuan in revenue, a 13.81% increase year-on-year, with a gross margin returning to positive at 1.06% [31]. Financial Forecast - The company is expected to achieve revenues of 1.02 billion yuan, 1.16 billion yuan, and 1.29 billion yuan for the years 2024, 2025, and 2026, respectively, with year-on-year growth rates of 25.0%, 14.0%, and 11.0% [6]. - The forecasted net profit for the same years is 82.59 million yuan, 97.39 million yuan, and 109.77 million yuan, reflecting growth rates of 59.0%, 17.9%, and 12.7% [6].

Financial Performance - The company's operating revenue for 2023 reached ¥816,279,468.86, representing a 34.97% increase compared to ¥604,769,232.21 in 2022[19]. - The net profit attributable to shareholders for 2023 was ¥51,956,911.13, a significant turnaround from a loss of ¥71,215,490.54 in 2022, marking a 172.96% improvement[19]. - The net cash flow from operating activities surged to ¥251,590,475.76, up 1,172.15% from ¥19,776,859.10 in the previous year[19]. - Basic and diluted earnings per share for 2023 were both ¥0.35, compared to a loss of ¥0.49 per share in 2022, reflecting a 171.43% increase[19]. - Total assets at the end of 2023 amounted to ¥1,159,089,045.73, a slight increase of 0.50% from ¥1,153,362,393.65 at the end of 2022[19]. - The net assets attributable to shareholders increased by 8.32% to ¥690,614,279.17 from ¥637,583,638.97 in 2022[19]. - The company achieved a total revenue of RMB 816,279,468.86, representing a year-on-year growth of 34.97%[71]. - The net profit attributable to shareholders was RMB 51,956,911.13, with a significant increase of 172.96% compared to the previous year[71]. - Sales revenue from gaming and amusement equipment reached RMB 398,227,876.09, marking a growth of 27.28% year-on-year[72]. - Revenue from anime IP derivative products surged to RMB 258,848,480.44, reflecting a remarkable growth of 75.64%[72]. Dividend Policy - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares to all shareholders, based on a total share capital of 146,692,000 shares[3]. - The cash dividend represents 100% of the distributable profit of 169,652,096.71 CNY, with no stock dividends or capital reserve transfers planned[179]. - The company’s profit distribution policy emphasizes a minimum cash dividend of 10% of the distributable profit for the year, with a cumulative cash distribution of at least 30% of the average annual distributable profit over the last three years[171]. - In the case of significant investment plans or cash expenditures, the minimum cash dividend ratio is set at 40% for mature-stage companies[173]. - The profit distribution plan must be approved by the board of directors and the supervisory board before being submitted to the shareholders' meeting for approval[170]. Corporate Governance - The company emphasizes the importance of accurate financial reporting and has confirmed that all board members attended the meeting to review the annual report[3]. - The report highlights the commitment of the board and management to ensure the authenticity and completeness of the financial report[3]. - The company strictly adheres to the requirements of the Company Law, Securities Law, and relevant regulations to enhance its corporate governance structure[129]. - The board of directors consists of 6 members, including 2 independent directors, complying with legal and regulatory requirements[130]. - The company has established a performance evaluation system linking the performance of directors and senior management to their compensation[133]. - The company disclosed information accurately and timely, ensuring all investors have equal access to information[133]. - The company has established a risk internal control management system through its audit committee and internal audit department[135]. - The company has maintained a high level of diligence and responsibility among its directors throughout the reporting period[158]. Market and Industry Trends - The gaming and entertainment industry is experiencing growth due to increased disposable income and rising demand for leisure activities, providing a favorable environment for the company's operations[29]. - The company is focusing on developing new technologies and expanding its market presence in the gaming and entertainment sector, aligning with industry trends[29]. - The gaming and amusement equipment market is expected to expand significantly due to the increasing demand for experiential consumption in commercial complexes[30]. - The company is focusing on the development of VR, AR, and MR technologies to enhance user experience and create new demand in the gaming and amusement sector[32]. - The integration of big data technology is transforming the gaming and amusement industry by optimizing operations and improving product design through user data analysis[33]. Research and Development - The company completed all research and development work on a new rendering optimization algorithm for racing game devices, aimed at enhancing the immersive gaming experience[85]. - The company is developing a new game token launching device, which is expected to improve user engagement and operational efficiency[85]. - R&D investment amounted to ¥27,337,629.61 in 2023, representing 3.35% of operating revenue, a decrease from 3.96% in 2022[87]. - The number of R&D personnel increased by 31.58% from 38 in 2022 to 50 in 2023, with a proportion of 10.25% of total employees[86]. Strategic Partnerships - The company has established strategic partnerships with major gaming companies such as Microsoft, Bandai Namco, and SEGA, enhancing its product offerings and market reach[63]. - The company has established strong partnerships with major commercial real estate companies, enhancing its amusement park operations and consumer insights[45]. - The company has a strong global resource channel strategy, maintaining partnerships with well-known domestic and international brands[61]. Employee and Management - The total number of employees at the end of the reporting period was 488, with 242 in the parent company and 246 in major subsidiaries[163]. - The professional composition includes 99 production personnel, 38 sales personnel, 57 technical personnel, 20 financial personnel, 52 administrative personnel, and 222 operational personnel[164]. - The company has a strict salary policy based on job value and performance assessment, providing competitive compensation and benefits including social insurance and housing fund[165]. - The total remuneration for directors, supervisors, and senior management in 2023 amounted to 5.7728 million yuan[151]. Risk Management - The company faces risks related to macroeconomic fluctuations that could impact demand for its products[120]. - The company is exposed to foreign exchange risks due to its reliance on imports and exports denominated in multiple currencies[123]. - The company has established a strict management system for accounts receivable, which constitutes a significant portion of its current assets[120]. Environmental and Social Responsibility - The company emphasizes green development and has implemented measures to reduce carbon emissions, including centralized management of suppliers and production lines[192]. - Employee welfare is prioritized, with the company adhering to labor laws and providing comprehensive social security benefits[195]. - The company conducts regular safety training and has established robust management systems for production and supply chain operations[196]. - The company has not faced any environmental penalties and adheres strictly to environmental protection regulations[189].

会计师事务所选聘制度 广州华立科技股份有限公司 会计师事务所选聘制度 第一章 总则 第一条 为规范广州华立科技股份有限公司（以下简称"公司"）选聘（含 续聘、改聘）会计师事务所的行为，切实维护股东利益，提高财务信息质量，根 据《中华人民共和国公司法》、《中华人民共和国证券法》、《国有企业、上市 公司选聘会计师事务所管理办法》、《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》、 《广州华立科技股份有限公司章程》等的相关规定，结合公司实际情况制定本制 度。 第二条 本制度所称选聘会计师事务所，是指公司根据相关法律法规要求， 聘任会计师事务所对财务会计报告发表审计意见、出具审计报告的行为。公司聘 任会计师事务所从事除财务会计报告审计之外的其他法定审计业务的，可参照本 制度执行。 第三条 公司聘用或解聘会计师事务所，应当由董事会审计委员会（以下简 称"审计委员会"）审议同意后，提交董事会审议，并由股东大会决定。 第四条 公司控股股东、实际控制人不得在公司董事会、股东大会审议前， 向公司指定会计师事务所，不得干预审计委员会独立履行审核职责。 （五）符合国 ...

证券代码：301011 证券简称：华立科技 公告编号：2024-014 广州华立科技股份有限公司 关于 2024 年度日常关联交易预计的公告 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。 广州华立科技股份有限公司（以下简称"公司"）于 2024 年 4 月 24 日召开 了第三届董事会第十次会议和第三届监事会第八次会议审议通过了《关于 2024 年度日常关联交易预计的议案》，具体情况如下： 一、 日常关联交易基本情况 （一）日常关联交易概述 公司根据 2023 年度日常关联交易的实际情况，并结合未来业务发展的需要， 对 2024 年度可能发生的日常关联交易予以预计，预计 2024 年度日常关联交易累 计交易金额不超过人民币 430.00 万元，其中：拟接受广州万景物业管理有限公 司提供的劳务及服务，产生相应的水电费预计不超过人民币 70.00 万元；拟承租 广州星力动漫游戏产业园有限公司的房屋产生相应的租赁费用、物业管理费预计 不超过人民币 360.00 万元。2023 年预计与关联方发生日常关联交易累计交易金 额不超过人民币 350.00 万元，实际与关联 ...

海通证券股份有限公司 关于广州华立科技股份有限公司 使用闲置自有资金进行现金管理的核查意见 海通证券股份有限公司（以下简称"海通证券"或"保荐机构"）作为广州华立 科技股份有限公司（以下简称"华立科技"或"公司"）首次公开发行股票并在创业 板上市的持续督导保荐机构，根据《证券发行上市保荐业务管理办法（2023 年修 订）》《深圳证券交易所创业板股票上市规则（2023 年修订）》《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》等相关法律、法规和 规范性文件的规定，就华立科技使用闲置自有资金进行现金管理的事项进行了核 查，相关核查情况及意见如下： 重要内容提示： 1、投资种类：公司使用闲置自有资金进行现金管理选择安全性高、流动性 好、风险较低的投资产品，包括但不限于结构性存款、收益凭证、保本型理财产 品、大额存单和定期存款及国债逆回购等产品，且不涉及《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》中所明确的证券投资、 衍生品投资等高风险投资行为。 2、投资额度：投资额度最高不超过人民币 20,000 万元(含本数)，上述额度 自公司第三届董事会第十次会议审议 ...

为满足公司及下属全资子公司日常经营和业务发展资金需要，保证公司及下 属全资子公司向业务相关方（包括但不限于银行、金融机构及其他业务合作方） 申请银行综合授信（包括但不限于办理人民币或外币流动资金贷款、项目贷款、 贸易融资、银行承兑汇票、信用证、保函、票据贴现、保理、出口押汇、融资租 赁、外汇远期结售汇以及衍生产品等相关业务）或其他经营事项的顺利开展，2024 年度公司及下属子公司预计向公司全资子公司提供不超过人民币20,000万元（含 等值外币，下同）的担保额度，担保方式包括但不限于连带责任担保、抵押担保 等。担保额度有效期限自公司董事会审议通过之日起十二个月内。董事会授权董 事长或其指定的授权代理人负责具体组织实施并签署相关合同及转授权文件。公 司实际担保金额以最终签署的协议为准。对外担保额度预计情况如下： 海通证券股份有限公司关于广州华立科技股份有限公司 2024年度对外担保额度预计的核查意见 海通证券股份有限公司（以下简称"海通证券"或"保荐机构"）作为广州华立 科技股份有限公司（以下简称"华立科技"或"公司"）首次公开发行股票并在创业 板上市持续督导保荐机构，根据《证券发行上市保荐业务管理办法》《上市 ...

证券代码：301011 证券简称：华立科技 公告编号：2024-018 广州华立科技股份有限公司 关于开展外汇衍生品套期保值业务的公告 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。 重要内容提示： 1、交易目的：为有效规避外汇市场风险，防范汇率大幅波动对公司造成不 利影响，增强财务稳健性，广州华立科技股份有限公司（以下简称"公司"）及 全资子公司拟开展外汇衍生品套期保值业务。 2、交易品种及交易工具：主要包括但不限于远期结售汇、外汇掉期、外汇 期权、利率互换、货币互换、利率掉期、利率期权等外汇衍生品业务。 3、交易场所：经国家外汇管理局或中国人民银行批准、具有衍生品交易业 务经营资格的金融机构，交易对方与本公司不存在关联关系。 4、交易金额：公司及全资子公司拟开展的外汇衍生品业务规模不超过人民 币10,000万元（或等值外币），预计动用的交易保证金和权利金上限不超过人民 币1,000万元（或等值外币），投资期限为该自董事会审议通过之日起12个月内 可以滚动使用，在交易期限内任一时点的交易金额（含前述交易的收益进行再交 易的相关金额）将不超过上述额度，如单笔交 ...

证券代码：301011 证券简称：华立科技 公告编号：2024-011 广州华立科技股份有限公司 关于2023年度利润分配预案的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 广州华立科技股份有限公司（以下简称"公司"）于2024年4月24日召开第三 届董事会第十次会议及第三届监事会第八次会议，审议通过了《关于<2023年度利 润分配预案>的议案》，该议案尚需提交公司2023年年度股东大会审议。现将相关 情况公告如下： 一、公司2023年度利润分配预案 经广东司农会计师事务所（特殊普通合伙）审计，公司2023年度实现归属于 母公司所有者的净利润51,956,911.13元、母公司报表净利润57,064,841.08元， 截至2023年12月31日，公司合并报表未分配利润余额为169,652,096.71元、母公 司未分配利润余额为275,936,463.72元。 为持续回报公司股东，与所有股东分享公司发展的经营成果，经综合考虑公 司的财务状况及对未来发展的良好预期，在符合利润分配原则、保证公司正常经 营和长远发展的前提下，董事会提议公司2023年度利润分 ...

广州华立科技股份有限公司 关于非经营性资金占用及其他关联 资金往来情况的专项审核说明 司农专字[2024]23009280059 号 目 录 报告正文……………………………………………………1-2 附件一： 广州华立科技股份有限公司 2023 年度非经营性资金占用及 其他关联资金往来情况汇总表……………………………1-3 广州华立科技股份有限公司全体股东： 我们接受委托，依据《中国注册会计师审计准则》审计了广州华立科技股份 有限公司（以下简称华立科技）2023 年 12 月 31 日的合并及母公司资产负债表， 2023 年度的合并及母公司利润表、合并及母公司现金流量表和合并及母公司所 有者权益变动表以及财务报表附注，并于 2024 年 4 月 24 日出具了司农审字 [2024]23009280019 号的无保留意见审计报告。 根据中国证券监督管理委员会《上市公司监管指引第 8 号——上市公司资金 往来、对外担保的监管要求》的要求及深圳证券交易所《深圳证券交易所上市公 司自律监管指南第 1 号——业务办理》的规定，华立科技管理层编制了后附的广 州华立科技股份有限公司 2023 年度非经营性资金占用及其他关联资 ...