证券代码：301330 证券简称：熵基科技 公告编号：2025-055 熵基科技股份有限公司 关于签署股权收购意向协议的公告 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。 特别提示： 1、熵基科技股份有限公司（以下简称"公司"、"本公司"）正在筹划通过支 付现金收购禹孟初、李伟华、深圳乘天企业管理有限公司（以下简称"乘天有限"）、 深圳市龙鼎兴企业管理合伙企业（有限合伙）（以下简称"龙鼎兴"）、深圳市龙 聚鑫投资合伙企业（有限合伙）（以下简称"龙聚鑫"）、深圳市龙合鑫投资合伙 企业（有限合伙）（以下简称"龙合鑫"）、深圳市龙溢鑫投资合伙企业（有限合 伙）（以下简称"龙溢鑫"）、深圳沃龙汇投资合伙企业（有限合伙）（以下简称"沃 龙汇"）、李伟雄合计持有的深圳市龙之源科技股份有限公司（以下简称"龙之源" 或"标的公司"、"目标公司"）55%股权并取得龙之源的控股权事项。 2025 年 5 月 12 日，公司与龙之源股东禹孟初、李伟华、乘天有限、龙鼎兴、 龙聚鑫、龙合鑫、龙溢鑫、沃龙汇、李伟雄及标的公司签署了《关于深圳龙之源 科技股份有限公司之股权收购意向协议》（ ...

Core Insights - The company focuses on two main sectors: brain-machine interfaces and vehicle-road-cloud technology, aiming to drive the implementation of innovative technologies [2] - The vehicle-road-cloud products are set for short-term deployment, providing comprehensive solutions from road perception to cloud data processing, enhancing smart traffic scenarios [2] - Long-term prospects for brain-machine interface products are promising in medical, educational, and elderly care applications, leveraging the company's expertise in biometric technology [2][3] Vehicle-Road-Cloud Technology - The vehicle-road-cloud technology will improve license plate recognition management efficiency and user experience, accelerating commercialization [2] - The company is also expanding its smart parking operations and leasing business [2] Brain-Machine Interface Market - The brain-machine interface market is expected to grow rapidly, with a projected compound annual growth rate of 25.22% from 2025 to 2029, reaching a market size of $7.63 billion by 2029 [3] - The Chinese market is anticipated to exceed 10 billion yuan by 2028, driven by the aging population and the demand for products addressing cognitive disorders [3] - The market for early screening of elderly diseases, such as Alzheimer's, presents significant opportunities [3] Technical Challenges and Solutions - The brain-machine interface industry faces challenges in signal recognition accuracy and speed due to the complexity of the human brain's neural networks [2] - The company has developed the BioCV TinyML algorithm model to mitigate signal interference and enhance signal quality [2]

Group 1: Company Overview and Core Business Areas - The company focuses on two core areas: brain-machine interfaces and vehicle-road-cloud technology, aiming for product deployment in the short term [2]. - The vehicle-road-cloud technology will provide a comprehensive solution from road perception to cloud data processing, enhancing smart traffic scenarios [2]. - The company is accelerating its layout in smart parking operations and leasing businesses, while the brain-machine products have significant potential in medical, educational, and elderly care applications [2]. Group 2: Market Growth and Industry Challenges - The global brain-machine interface market is projected to grow at a compound annual growth rate (CAGR) of 25.22%, reaching $7.63 billion by 2029, with China's market expected to exceed 10 billion yuan by 2028 [3]. - The main challenges in the brain-machine industry include signal recognition accuracy and speed, as well as the complexities of neural signal transmission [4]. Group 3: Technological Advantages and Differentiation - The company utilizes a multi-modal data fusion technology combining EEG, EOG, and EMG to overcome the limitations of traditional single-modal devices [4]. - The company’s non-invasive brain-machine interface technology differs from competitors like Neuralink, focusing on accessibility and preventive applications in education and elderly care [5]. Group 4: Historical Development and Financial Performance - The company has evolved through four stages since its founding in 1998, from developing fingerprint technology to becoming a global leader in multi-modal biometric devices [6][7]. - Recent revenue growth has been stable, influenced by macroeconomic conditions domestically, while overseas business continues to grow [7]. Group 5: Strategic Responses to Market Conditions - To maintain gross margins, the company has adjusted its product structure, reducing low-margin and loss-making products [7]. - The company has proactively established a factory in Thailand to mitigate the impact of tariffs on its U.S. operations, with minimal short-term effects anticipated [7].

Investment Rating - The investment rating for the company is "Buy/Maintain" with a target price based on the last closing price of 27.30 [1]. Core Insights - The company focuses on AI applications as the core driver for future development, with significant advancements in AI technology and solutions [5][11]. - The company reported a revenue of 1.991 billion in 2024, representing a year-on-year growth of 1.07%, and a net profit of 183 million, with a growth of 3.26% [4][7]. - For Q1 2025, the company achieved a revenue of 414 million, showing a year-on-year increase of 3.50%, and a net profit of 29 million, which is an 11.88% increase [4]. Financial Performance - The company's gross margin for 2024 was 49.37%, an increase of 0.17 percentage points compared to the previous year, while the net profit margin was 10.07%, up by 0.08 percentage points [4]. - The overseas revenue proportion reached 70.92% in 2024, an increase of 8.44 percentage points from 2022 [4]. - The earnings per share (EPS) projections for 2025-2027 are 1.09, 1.25, and 1.41 respectively, with a maintained buy rating [5][9]. Revenue and Profit Forecast - The projected revenues for 2025, 2026, and 2027 are 2.200 billion, 2.450 billion, and 2.700 billion respectively, with growth rates of 10.49%, 11.36%, and 10.20% [7][13]. - The projected net profits for the same years are 213 million, 245 million, and 276 million, with growth rates of 16.58%, 14.74%, and 12.84% [7][13]. Stock Data - The total share capital is 1.96 billion shares, with a market capitalization of 53.59 billion and a circulating market value of 20.91 billion [3]. - The stock price has fluctuated between a high of 33.64 and a low of 19.46 over the past 12 months [3].

Group 1: Financial Performance - In 2024, the company achieved operating revenue of 199,120.04 million yuan, representing a year-on-year growth of 1.07% [2] - The net profit attributable to shareholders was 18,304.60 million yuan, with a year-on-year increase of 3.26% [2] Group 2: Growth Drivers - The company aims to deepen the integration of AI cognitive technology and multi-modal BioCV core technology to enhance product intelligence, user experience, and operational efficiency [2] - A multi-brand strategy will be implemented, operating under four brands: "ZKTeco", "ZKDIGIMAX", "NGTeco", and "Armatura" [2] - The company will continue to expand its global operations, focusing on both breadth and depth of business [2] Group 3: Product Development - The company is focusing on three core application scenarios for brain-machine technology: education, healthcare, and elderly care, utilizing AI-driven multi-modal data fusion technology [1] - Key products include the ZALO multi-dimensional perception terminal, Ralvie AI smart office assistant, and RS multi-dimensional edge AI server [1] Group 4: M&A Strategy - The company emphasizes organic growth but will consider external acquisition opportunities that align with its business needs and synergies [1]

证券代码：301330 证券简称：熵基科技 公告编号：2025-054 熵基科技股份有限公司 关于开立闲置募集资金现金管理专用结算账户的公告 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。 为提高闲置募集资金使用效率，合理利用暂时闲置的募集资金，增加公司投 资收益和股东回报，熵基科技股份有限公司（以下简称"公司"）于 2024 年 8 月 28 日召开第三届董事会第十一次会议和第三届监事会第十次会议，审议通过 了《关于使用部分暂时闲置募集资金进行现金管理的议案》，同意公司及子公司 使用不超过人民币 80,000 万元（含本数）的部分暂时闲置募集资金（含超募资 金）进行现金管理，该使用额度及授权的有效期自公司董事会审议通过之日起 12 个月内有效，并在上述额度内滚动使用。具体内容详见公司于 2024 年 8 月 30 日 在巨潮资讯网（http://www.cninfo.com.cn）披露的《关于使用部分暂时闲置募集 资金进行现金管理的公告》（公告编号：2024-040）。 一、开立闲置募集资金现金管理专用结算账户的情况 近日，公司新开立了闲置募集资金现金管理专 ...

证券代码：301330 证券简称：熵基科技 公告编号：2025-049 熵基科技股份有限公司 关于召开 2024 年年度股东大会的通知 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。 熵基科技股份有限公司（以下简称"公司"或"熵基科技"）第三届董事会 第十七次会议审议通过了《关于提请召开公司 2024 年年度股东大会的议案》，决 定于 2025 年 5 月 15 日（星期四）召开 2024 年年度股东大会。现将本次股东大 会的有关事项通知如下： 一、召开会议的基本情况 （一）股东大会届次：2024 年年度股东大会 （二）会议召集人：公司第三届董事会 （三）会议召开的合法、合规性：本次临时股东大会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》的有关规定，公司第三届董事 会第十七次会议已经审议通过提请召开本次临时股东大会的议案。 （四）会议召开日期、时间： 1、现场会议召开时间：2025 年 5 月 15 日（星期四）14:00（北京时间） 2、网络投票时间： （1）通过深圳证券交易所交易系统进行网络投票的时间为：2025 年 5 月 15 日 ...

证券代码：301330 证券简称：熵基科技 公告编号：2025-036 熵基科技股份有限公司 第三届监事会第十六次会议决议公告 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 熵基科技股份有限公司（以下简称"公司"）于 2025 年 4 月 10 日以邮件方 式发出关于召开第三届监事会第十六次会议的通知。本次会议于 2025 年 4 月 21 日以现场及通讯方式召开。本次会议由公司监事会主席江文娜女士主持，会议应 到监事 3 名，实到监事 3 名，董事会秘书列席会议。本次会议的通知、召集、召 开和表决程序符合《中华人民共和国公司法》等有关法律、行政法规、部门规章、 规范性文件及《熵基科技股份有限公司章程》的规定。 二、监事会会议审议情况 （一） 审议通过《关于〈2024 年监事会工作报告〉的议案》 监事会认为：公司监事会对 2024 年度监事会的运作情况进行了总结，形成 了《2024 年度监事会工作报告》。具体内容详见公司披露于巨潮资讯网 （http://www.cninfo.com.cn）的《2024 年监事会工作报告》。 表决结果： ...

证券代码：301330 证券简称：熵基科技 公告编号：2025-035 熵基科技股份有限公司 第三届董事会第十七次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、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 熵基科技股份有限公司（以下简称"公司"）于 2025 年 4 月 10 日以邮件方 式发出关于召开第三届董事会第十七次会议的通知。本次会议于 2025 年 4 月 21 日以现场结合通讯的方式召开。本次会议由公司董事长车全宏先生主持，会议应 到董事 7 名，实到董事 7 名。公司监事和高级管理人员列席了会议。本次会议的 通知、召集、召开和表决程序符合《中华人民共和国公司法》等有关法律、行政 法规、部门规章、规范性文件及《熵基科技股份有限公司章程》的规定。 二、董事会会议审议情况 （一） 审议通过《关于〈2024 年总经理工作报告〉的议案》 与会董事认真听取了公司总经理金海荣先生作出的《2024 年总经理工作报 告》，董事会认为 2024 年度公司以总经理为代表的管理层有效地执行了董事会的 各项决议，报告内容客观、真实地反映了公司 2024 年度的主要经营管理工作， ...

证券代码：301330 证券简称：熵基科技 公告编号：2025-039 熵基科技股份有限公司 关于 2024 年年度利润分配预案的公告 一、审议程序 （一）董事会意见 公司第三届董事会第十七次会议审议通过了《关于公司 2024 年年度利润分 配预案的议案》。董事会认为，公司 2024 年利润分配预案符合公司当前实际经 营情况和未来发展规划，充分考虑了公司对广大投资者的合理投资回报，同意该 项议案并同意将此议案提交股东大会审议。 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。 熵基科技股份有限公司（以下简称"公司"）于 2025 年 4 月 21 日召开第三 届董事会第十七次会议、第三届监事会第十六次会议，审议通过了《关于公司 2024 年年度利润分配预案的议案》，该议案尚需提交公司 2024 年年度股东大会 审议通过后方可实施。现将相关事宜公告如下： （二）监事会意见 公司第三届董事会第十六次会议审议通过了《关于公司 2024 年年度利润分 配预案的议案》。监事会认为，公司利润分配预案，充分考虑了公司的经营情况、 未来发展规划以及股东投资回报等相关因素，有利于 ...