北交所信息更新 许昌智能（831396.BJ） 签署 4 亿元框架合同，新签订数据中心变电站合同拓展新业务 投资评级：增持（维持） | 日期 | 2025/3/13 | | --- | --- | | 当前股价(元) | 14.32 | | 一年最高最低(元) | 17.61/4.01 | | 总市值(亿元) | 23.71 | | 流通市值(亿元) | 20.78 | | 总股本(亿股) | 1.66 | | 流通股本(亿股) | 1.45 | | 近 3 个月换手率(%) | 412.0 | 公司与中能建签订 4 亿框架协议，签订数据中心变电站合同拓展新业务 2025 年 03 月 13 日 预计 2024 年营收 6.34 亿元（+8.06%），归母净利润 0.43 亿元（-7.05%） 公司发布 2024 年业绩快报，预计 2024 年公司实现营业收入 6.34 亿元，同比增 长 8.06%；归母净利润为 0.43 亿元，同比减少 7.05%；扣非净利润 0.43 亿元， 同比减少 1.00%。受公司扩大生产布局，期间费用增加影响，我们下调 2024-2026 年盈利预测，预计 2024-2026 年 ...

证券代码：831396 证券简称：许昌智能 公告编号：2025-004 许昌智能继电器股份有限公司签订重要合同的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 合同签署概况 （一） 基本情况 许昌智能继电器股份有限公司（以下简称"许昌智能"）与河南空港数字城 市开发建设有限公司签订了《郑州航空港经济综合实验区大数据产业园大数据处 理中心项目变电站建设工程施工总承包合同》，公司提供设备制造或采购设备安 装、调试、电站运维等施工内容，合同金额为：45,752,908.61 元（人民币）。 （二） 审批情况 根据《公司章程》及相关制度，上述合同的签订属于公司日常经营行为，不 需要经过公司董事会及股东大会审议。 （二）应说明的情况 （一）合同对手方基本情况 合同对手方名称： 河南空港数字城市开发建设有限公司 注册地址：郑州航空港区新港大道与如荼路交汇处锦荣信息科技园 10 号楼 1 层 法定代表人：王景仲 统一社会信用代码：91410100MADBA8DD6Q 经营范围：许可项目：建设工程施工；第一 ...

证券代码：831396 证券简称：许昌智能 公告编号：2025-003 许昌智能继电器股份有限公司股票解除限售公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、本次股票解除限售数量总额为 50,969,066 股，占公司总股本 30.78%，可交 易时间为 2025 年 3 月 11 日。 二、本次股票解除限售的明细情况及原因 单位：股 | | | 是否为控 | 董事、监 | 本次 | | 本次解 除限售 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 序 | 股东姓名或名 | 股股东、 实际控制 | 事、高级 | 解限 | 本次解除限 售登记股票 | 股数占 | 尚未解除 限售的股 | | 号 | 称 | 人或其一 | 管理人员 | 售原 | 数量 | 公司总 | 票数量 | | | | 致行动人 | 任职情况 | 因 | | 股本比 | | | | | | | | | 例 | | | 1 | 张洪涛 | 是 | 董事长 | A ...

Financial Performance - The company's operating revenue for the reporting period is expected to be CNY 633.57 million, representing a year-on-year increase of 8.06%[5] - The net profit attributable to shareholders is expected to be CNY 43.09 million, a decrease of 7.05% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be CNY 42.80 million, down 1.00% year-on-year[5] - The basic earnings per share is expected to be CNY 0.27, a decline of 25.00% from the previous year[5] Assets and Equity - Total assets at the end of the reporting period are expected to be CNY 1,026.07 million, an increase of 19.11% year-on-year[6] - Shareholders' equity attributable to the company is expected to be CNY 576.61 million, up 38.27% compared to the beginning of the period[6] - The company's capital reserve is expected to increase by CNY 112.26 million due to the issuance of shares[6] Revenue Drivers and Expenses - The increase in operating revenue is primarily driven by sustained orders in the new energy sector from State Grid and power generation groups[6] - Increased investments in personnel, facilities, and equipment for production expansion and R&D have led to higher operating expenses[6] Cautionary Note - Investors are advised to exercise caution as the financial data is preliminary and subject to change upon final audit[7]

| | 公告日期 2024-12-05 无 | 异常期间 | | | | | --- | --- | --- | --- | --- | --- | | | 许昌智能(831396) 连续竞价 | 成交数量 （股） | 34783201.0 | 成交金额（万 元） | 49197.44 | | | 涉及事项 当日换手率达到20%的前5只股票 | | | | | | 买/卖 | 营业部或交易单元名称 | | | 买入金额（元） | 卖出金额（元） | | 买1 | 东方财富证券股份有限公司拉萨东环路第二证券营业部 | | | 9643591.63 | 4573061.7 | | 买2 | 中国银河证券股份有限公司上海长宁区镇宁路证券营业部 | | | 8991960.17 | 0 | | 买3 | 东方财富证券股份有限公司拉萨团结路第二证券营业部 | | | 8344812.33 | 5078455.35 | | 买4 | 中信建投证券股份有限公司深圳宝安海秀路证券营业部 | | | 8291731.89 | 282794.38 | | 买5 | 东方财富证券股份有限公司山南香曲东路证券营业部 | | | 74 ...

| 日期 | 代码 | 简称 | 成交数量（股） | 成交金额（万元） | 披露原因 | | --- | --- | --- | --- | --- | --- | | 2024-12- | 839725 | 惠丰钻石 | 33580190.0 | 111342.49 | 异常期间涨跌幅偏离值累计 | | 05 | | | | | 达到58.54% | | 2024-12- | 838171 | 邦德股份 | 15451163.0 | 35305.45 | 异常期间涨跌幅偏离值累计 | | 05 | | | | | 达到41.96% | | 2024-12- | 838171 | 邦德股份 | 12278938.0 | 29472.34 | 当日收盘价涨幅达到29.98% | | 05 | | | | | | | 2024-12- | 839725 | 惠丰钻石 | 9751651 | 34423.81 | 当日收盘价涨幅达到29.98% | | 05 | | | | | | | 2024-12- | 871478 | 巨能股份 | 10655425.0 | 38822.24 | 当日换手率达到46.33% ...

| | 2024-11-14 公告日期 | 异常期间 | 无 | | | | --- | --- | --- | --- | --- | --- | | | 许昌智能(831396) 连续竞价 | 成交数量 （股） | 44658547.0 | 成交金额（万 元） | 64588.96 | | | 涉及事项 当日换手率达到20%的前5只股票 | | | | | | 买/卖 | 营业部或交易单元名称 | | | 买入金额（元） | 卖出金额（元） | | 买1 | 东方财富证券股份有限公司拉萨团结路第二证券营业部 | | | 13219815.07 | 6596562.32 | | 买2 | 东方财富证券股份有限公司拉萨团结路第一证券营业部 | | | 12040185.02 | 4070311.66 | | 买3 | 东方财富证券股份有限公司拉萨金融城南环路证券营业部 | | | 11595985.13 | 2305570.21 | | 买4 | 东方财富证券股份有限公司拉萨东环路第二证券营业部 | | | 9344187.37 | 6115678.23 | | 买5 | 东方财富证券股份有限公司拉萨东环路第 ...

| 日期 | 代码 | 简称 | 成交数量（股） | 成交金额（万元） | 披露原因 | | --- | --- | --- | --- | --- | --- | | 2024-11- | 833284 | 灵鸽科技 | 57138629.0 | 97057.52 | 异常期间涨跌幅偏离值累计 | | 14 | | | | | 达到52.74% | | 2024-11- | 830779 | 武汉蓝电 | 12088663.0 | 53227.76 | 异常期间涨跌幅偏离值累计 | | 14 | | | | | 达到42.39% | | 2024-11- | 830779 | 武汉蓝电 | 8307386 | 39427.15 | 当日收盘价涨幅达到29.99% | | 14 | | | | | | | 2024-11- | 870436 | 大地电气 | 17138534.0 | 47622.54 | 当日收盘价涨幅达到29.99% | | 14 | | | | | | | 2024-11- | 920111 | 聚星科技 | 26127141.0 | 115549.6 | 当日价格振幅达到38.26% ...

| 日期 | 代码 | 简称 | 成交数量（股） | 成交金额（万元） | 披露原因 | | --- | --- | --- | --- | --- | --- | | 2024-11- | 873593 | 鼎智科技 | 30033367.0 | 107476.46 | 异常期间涨跌幅偏离值累计 | | 05 | | | | | 达到63.24% | | 2024-11- | 831726 | 朱老六 | 31678668.0 | 61357.44 | 异常期间涨跌幅偏离值累计 | | 05 | | | | | 达到63.23% | | 2024-11- | 830896 | 旺成科技 | 8353416 | 11823.02 | 异常期间涨跌幅偏离值累计 | | 05 | | | | | 达到63.20% | | 2024-11- 05 | 839725 | 惠丰钻石 | 24098669.0 | 54021.48 | 异常期间涨跌幅偏离值累计 达到63.20% | | 2024-11- | 838837 | 华原股份 | 51040273.0 | 68373.21 | 异常期间涨跌幅偏离值累计 | | ...

Investment Rating - The investment rating for the company is "Outperform" (Maintain) [1] Core Views - The company is expected to benefit from increased investments in distribution networks by State Grid and Southern Grid, as well as the promotion of renewable energy consumption [3][4] - The company maintains its profit forecasts for 2024-2026, with expected net profits of 54 million, 64 million, and 77 million yuan respectively, corresponding to EPS of 0.33, 0.39, and 0.46 yuan per share [3][4] Financial Performance Summary - For the first three quarters of 2024, the company achieved revenue of 381 million yuan, a year-on-year increase of 4.42%, while net profit attributable to the parent company was 23.84 million yuan, a decrease of 3.88% [3] - The gross profit margin for the same period was 24.62%, an increase of 0.46 percentage points year-on-year [3] - The company reported a revenue of 171 million yuan in Q3 2024, a year-on-year increase of 3.20%, with a net profit of 19.59 million yuan, reflecting an increase of 11.52% [3] Investment Opportunities - The State Grid plans to invest 600 billion yuan in the power grid in 2024, an increase of 71.1 billion yuan compared to 2023, focusing on distribution network investments [4] - The company is actively developing integrated solutions for solar energy storage and charging, with plans to establish a wholly-owned subsidiary in Singapore for international trade [5] Financial Projections - Revenue projections for 2024-2026 are 684 million, 801 million, and 952 million yuan, with corresponding year-on-year growth rates of 16.7%, 17.1%, and 18.9% [5] - The projected net profit for the same period is expected to grow at rates of 17.1%, 18.3%, and 19.6% respectively [5] - The company’s P/E ratios are projected to decrease from 39.0 in 2024 to 27.6 in 2026, indicating improving valuation [5]