Investment Rating - The investment rating for the company is "Buy" (maintained) [1][6] Core Insights - The company's net profit for H1 2024 showed significant growth, with a year-over-year increase of 106.02%, reaching 36.03 million yuan, driven by strong performance in gaming equipment and anime IP derivative products [2][5] - The revenue for H1 2024 was 462 million yuan, representing a year-over-year growth of 27.85% [2][5] - The gross margin improved to 29.86%, up by 2.04 percentage points year-over-year, while the net profit margin increased to 7.79%, up by 2.95 percentage points [2][5] - The company has shown effective cost control, with a decrease in the expense ratio to 15.13%, down by 3.76 percentage points year-over-year [2][5] Revenue Breakdown - Gaming equipment sales for H1 2024 reached 245 million yuan, a year-over-year increase of 55.58%, with a gross margin of 25.89% [2][5] - Anime IP derivative product sales amounted to 145 million yuan, growing by 22.99% year-over-year, with a gross margin of 43.61% [2][5] - Revenue from amusement park operations was 5.251 million yuan, slightly down by 0.78% year-over-year, but with a significant improvement in gross margin to 6.23%, up by 12.40 percentage points [5] Future Projections - The company is projected to achieve revenues of 1.044 billion yuan, 1.291 billion yuan, and 1.471 billion yuan for 2024, 2025, and 2026 respectively, with corresponding net profits of 86 million yuan, 118 million yuan, and 140 million yuan [6][7] - The expected growth rates for revenue are 28%, 24%, and 14% for the next three years [7] - The company is focusing on enhancing its product offerings and expanding its market presence, particularly in overseas markets [2][5]

Investment Rating - The report maintains a "Buy" rating for the company [3]. Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2024, with total revenue reaching 462 million yuan, a year-on-year growth of 27.85%, and a net profit of 36.0034 million yuan, up 106.02% [1]. - The sales revenue from amusement equipment saw a remarkable growth of 55.58% year-on-year, contributing to 52.94% of total revenue, while the gross margin for this segment was 25.89%, a decrease of 3.95 percentage points [1]. - The anime IP derivative products segment also performed well, with revenue of 145 million yuan, a year-on-year increase of 22.99%, and a gross margin of 43.61%, up 3.77 percentage points [1]. - The company is expanding its overseas business, which grew by 16.53% year-on-year to 59.3583 million yuan, accounting for 12.85% of total revenue [1]. Financial Performance Summary - For 2024, the company is projected to achieve revenues of 1.02 billion yuan, 1.163 billion yuan, and 1.291 billion yuan for 2024, 2025, and 2026 respectively, with year-on-year growth rates of 25.0%, 14.0%, and 11.0% [2]. - The net profit forecast for the same period 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% [2]. - The company’s P/E ratios are projected to be 27x, 22x, and 20x for the years 2024, 2025, and 2026 respectively [2]. Business Segment Analysis - The amusement park operation segment generated revenue of 52.5113 million yuan in the first half of 2024, a slight decline of 0.78% year-on-year, but the gross margin improved to 6.23% [2]. - The company is exploring differentiated operational services for amusement parks to enhance efficiency and profitability [2].

广州华立科技股份有限公司 投资者关系活动记录表 编号：2024-003 | --- | --- | --- | |---------------------------|-----------------------|----------------------------------------------------| | | ☐特定对象调研 | ☐分析师会议 | | | ☐媒体采访 | ☐业绩说明会 | | | | | | 投资者关系活动类别 | ☐新闻发布会 | ☐路演活动 | | | ☐现场参观 | | | | 其他 （2024 | 年半年报电话交流会） | | 参与单位名称及人员 | | 广发证券、工银理财、上银基金、平安基金、财通基金 | | 姓名 | 等机构投资者，共21 | 人，参会人员名单详见附件。 | | 时间 2024年8月28 | 日 | 15:30-16:30 | | 地点 线上交流（电话会议） | | | | | 董事会秘书 华舜阳先生 | | | 上市公司接待人员姓名 | | | | | 证券事务代表 黄益女士 | | | | 一、公司2024 | 年半年度经营基本情况 | | ...

监事会关于公司 2024 年股票期权与限制性股票激励计划 相关事项的核查意见 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股权 激励管理办法》《深圳证券交易所创业板股票上市规则》《深圳证券交易所创业 板上市公司自律监管指南第 1 号——业务办理》等相关法律、法规和规范性文件 的规定以及《广州华立科技股份有限公司章程》（以下简称"《公司章程》"） 的规定，我们作为广州华立科技股份有限公司（以下简称"公司"）的监事，在 全面了解和审核公司 2024 年股票期权与限制性股票激励计划的相关文件后，经 审慎思考，依据公平、公正、客观的原则，现就公司 2024 年股票期权与限制性 股票激励计划（以下简称"本次激励计划、本计划"）相关事项发表核查意见如 下： 一、公司不存在《上市公司股权激励管理办法》等法律、法规规定的不得实 行股权激励的以下情形： 广州华立科技股份有限公司 （三）最近 12 个月内因重大违法违规行为被中国证监会及其派出机构行政 处罚或者采取市场禁入措施； （一）最近一个会计年度财务会计报告被注册会计师出具否定意见或者无法 表示意见的审计报告； （二）最近一个会计年度财务报告内部控制被注册 ...

证券代码：301011 证券简称：华立科技 公告编号：2024-031 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、董事会会议召开情况 广州华立科技股份有限公司（以下简称"公司"）第三届董事会第十一次会 议的会议通知于 2024 年 8 月 16 日以邮件、短信或专人送达等方式发出，会议于 2024 年 8 月 26 日在公司大会议室以现场结合通讯方式召开。会议由公司董事长 苏本立先生主持。本次会议应参与表决董事 6 人，实际参与表决董事 6 人，公司 全体监事及高级管理人员列席了本次会议。本次会议的召开符合《中华人民共和 国公司法》《公司章程》的有关规定。 二、董事会会议审议情况 经全体与会董事认真审议和表决，审议通过了下列议案： 1、关于公司《2024 年半年度报告》及其摘要的议案 董事会认为公司《2024 年半年度报告》及其摘要的编制符合法律、法规、 中国证监会和深圳证券交易所的相关规定，报告内容真实、准确、完整地反映了 公司的实际情况，不存在任何虚假记载、误导性陈述或重大遗漏。 广州华立科技股份有限公司 第三届董事会第十一次会议决议公告 表决结 ...

证券代码：301011 证券简称：华立科技 公告编号：2024-036 广州华立科技股份有限公司 关于 2024 年半年度计提资产减值准备的公告 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 8 月 26 日召 开了第三届董事会第十一次会议，审议通过了《关于 2024 年半年度计提资产减 值准备的议案》，现将具体情况公告如下： 一、本次计提资产减值准备的概述 1、本次计提资产减值准备的原因 基于谨慎性原则，为了真实、准确地反映公司截至 2024 年 6 月 30 日的资 产状况和财务状况，按照《企业会计准则》和公司相关会计政策等相关规定， 公司及下属子公司对截至 2024 年 6 月 30 日相关资产进行减值测试，对存在减 值迹象的资产计提相应的资产减值准备。 2、本次计提资产减值准备的资产范围及总金额 4、本次计提资产减值准备事项已经公司第三届董事会第十一次会议审议通 过，在提交董事会审议前已经公司董事会审计委员会审议通过。 二、本次计提资产减值准备的确认标准及计提方法 1、应收账款坏账准备 公 ...

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 年半年度跟踪报告 | 保荐机构名称：海通证券股份有限公司 | 被保荐公司简称：华立科技 | | --- | --- | | 保荐代表人姓名：雷浩 | 联系电话：021-23180000 | | 保荐代表人姓名：赵鹏 | 联系电话：021-23180000 | 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 | 次 0 | | 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 | | | | 是 | | 资金管理制度、内控制度、内部审计制度、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 | 次 1 | | | 存在差异情况，详见公司公告 | | （2）公司募集资金项目进展是否 ...

2024 年股票期权与限制性股票激励计划 广州华立科技股份有限公司 首次授予激励对象名单 一、股票期权激励计划的分配情况 （一）拟授予的股票期权在各激励对象间的分配情况如下表所示： | （一）拟授予的第二类限制性股票在各激励对象间的分配情况如下表所示： | | --- | | | | | | 获授的股 | 占本激励计 | 占本激励计划 | | --- | --- | --- | --- | --- | --- | --- | | 序号 | 姓名 | 职务 | 国籍 | 票期权数 | 划授予权益 | 公告日公司股 | | | | | | 量（万股） | 总数的比例 | 本总额的比例 | | 一、董事、高级管理人员 | | | | | | | | 1 AOSHIMA MITSUO | | 董事、高管 | 日本 | 10.00 | 1.83% | 0.07% | | 2 | 华舜阳 | 高管 | 中国 | 10.00 | 1.83% | 0.07% | | 3 | 冯正春 | 高管 | 中国 | 10.00 | 1.83% | 0.07% | | 二、其他激励对象 | | | | | | | | 中层管理人员、核心 ...

Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2024, representing a 15% increase compared to the same period in 2023[9]. - The company has set a revenue guidance of RMB 1.2 billion for the full year 2024, indicating a projected growth of 10% from 2023[9]. - The company's operating revenue for the reporting period reached ¥461,985,860.44, representing a 27.85% increase compared to ¥361,341,108.14 in the same period last year[15]. - Net profit attributable to shareholders was ¥36,003,357.03, a significant increase of 106.02% from ¥17,475,753.07 in the previous year[15]. - The basic earnings per share rose to ¥0.25, reflecting an increase of 108.33% compared to ¥0.12 in the same period last year[15]. - The company reported a significant increase in revenue for the first half of 2024, achieving a total of 500 million yuan, representing a 25% growth compared to the same period last year[84]. - The company provided a positive outlook for the second half of 2024, projecting a revenue growth of 20% year-over-year, driven by new product launches and market expansion[86]. User Engagement and Market Expansion - User engagement metrics showed a growth of 20% year-over-year, with active users reaching 1.2 million by June 30, 2024[9]. - The company plans to expand its market presence by opening 50 new locations across China by the end of 2024[9]. - The company is planning to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[85]. Product Development and Innovation - New product launches in the VR and AR segments are expected to contribute an additional RMB 100 million in revenue by the end of 2024[9]. - The company is investing RMB 50 million in R&D for new gaming technologies in 2024[9]. - Research and development efforts have led to the introduction of two new products, which are expected to contribute an additional 50 million yuan in revenue by the end of the year[84]. - The company has established a game development team focused on creating high-quality gaming products, with plans to introduce international IP for product development[30]. - The company plans to enhance its product offerings and R&D efforts, focusing on upgrading existing anime IP derivative products and developing new domestic trend IP collaborations[45]. Strategic Initiatives and Acquisitions - A strategic acquisition of a local gaming company is in progress, which is anticipated to enhance the company's technology capabilities and user base[9]. - A strategic acquisition of a local tech firm is in progress, which is anticipated to enhance the company's technological capabilities and increase market competitiveness[86]. - The company has committed to a stock buyback program, allocating 10% of the previous year's net profit to stabilize share prices if necessary[85]. Financial Management and Risks - The company will not distribute cash dividends or issue bonus shares for the current fiscal year[2]. - The management highlighted potential risks including market competition and regulatory changes, with strategies in place to mitigate these risks[2]. - The company aims to strengthen cost control and market expansion to mitigate risks associated with macroeconomic fluctuations[62]. - The company has established a strict management system for accounts receivable, which constitutes a significant portion of current assets[62]. Intellectual Property and Competitive Advantage - The company holds 191 domestic registered trademarks, 148 patents, and 173 software copyrights, showcasing its strong competitive advantage in product research and development[32]. - The company has developed a series of popular products, including the "Thunder" series, which have gained recognition both domestically and internationally[32]. - The company has established strong partnerships with major commercial real estate companies such as Yuehai, Aeon, and Vanke, enhancing its amusement park operation services[26]. Compliance and Corporate Governance - The board of directors has confirmed that all members attended the meeting to review the half-year report, ensuring transparency and accountability[2]. - The company adheres to the ISO9001:2015 quality management system standards in its production processes, ensuring product quality and traceability[29]. - The company emphasizes compliance with laws and regulations, ensuring the health and legality of game content through internal audits and relevant approval processes[79]. Social Responsibility and Community Engagement - The company emphasizes social responsibility and aims to contribute positively to economic growth and societal progress through its operations[76]. - The company has developed educational games to promote learning among youth, reflecting a commitment to social responsibility and cultural transmission[79]. - The company integrates traditional cultural elements into its games, such as "Three Kingdoms Fantasy Battle," to promote Chinese culture globally[81]. Financial Position and Assets - The total assets at the end of the reporting period amounted to ¥1,188,541,837.27, which is a 2.54% increase from ¥1,159,089,045.73 at the end of the previous year[15]. - The company’s total assets amounted to CNY 118,854.18 million, reflecting a growth of 2.54% from the beginning of the period[45]. - The company’s cash and cash equivalents decreased by CNY 18,117,982.08, a decline of 205.23% compared to the previous year[47]. Shareholding Structure and Corporate Actions - The company’s shareholding structure changed, with a reduction of 65,546,650 shares in restricted shares, resulting in a new total of 2,883,562 shares[103]. - The company has implemented an equity incentive plan, with 2.0619 million shares held by a related investment entity, representing 1.41% of total shares[73]. - The company’s shareholding structure shows a significant concentration, with the top five shareholders holding a combined total of 84,000,000 shares[109].

海通证券股份有限公司关于广州华立科技股份有限公司 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：公司拟将公司及全资子公司开展的外汇衍生品业务规模金额 由不超过人民币 10,000 万元（或等值外币）增加至不超过人民币 25,000 万元（或 等值外币）,预计动用的交易保证金和权利金上限增加至不超过人民币 2,500 万 元（或等值外币），授权期限为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，如单笔交易的存续期超过了授权期限，则授权期限自动顺延 至单笔交易终止时止。 5、审议程序：公司于 2024 年 4 月 24 日召开第三届董事会第十次会议及第 1 增加外汇衍生品套期保值业务额度的核查意见 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 ...