证券代码：600850 证券简称：电科数字 公告编号：临 2024-060 中电科数字技术股份有限公司 关于注销公司第二期股票期权激励计划首次授予部 分股票期权的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 中电科数字技术股份有限公司（以下简称"公司"）于 2024 年 11 月 13 日 召开第十届董事会第十九次会议及第十届监事会第十三次会议，审议通过《关于 注销公司第二期股票期权激励计划首次授予部分股票期权的议案》，根据公司《第 二期股票期权激励计划（草案）》（以下简称"《激励计划草案》"）的相关规 定及公司 2021 年第一次临时股东大会的授权，同意注销公司第二期股票期权激 励计划（以下简称"本激励计划"）首次授予部分股票期权。现对有关事项说明 如下： 一、本激励计划批准及实施情况 （一）本激励计划已履行的相关程序 1、2021 年 3 月 19 日，公司召开第九届董事会第二十次会议、第九届监事 会第八次会议，审议通过了《关于公司第二期股票期权激励计划（草案）及摘要 的议案》、《关于公司第二期股票期权激励计划管理 ...

监事会认为，本次注销公司第二期股票期权激励计划（以下简称"本激励计 划"）首次授予部分股票期权事项符合《上市公司股权激励管理办法》、《国有 控股上市公司（境内）实施股权激励试行办法》、《中央企业控股上市公司实施 股权激励工作指引》等法律、法规和规范性文件及公司《第二期股票期权激励计 划（草案）》的相关规定，履行了必要的审议程序，不存在损害公司及全体股东 利益的情形。同意公司注销本激励计划首次授予部分股票期权合计 23.5526 万 份。 详见公司同日刊载于《中国证券报》、《上海证券报》及上海证券交易所网 站（www.sse.com.cn）的《关于注销公司第二期股票期权激励计划首次授予部分 股票期权的公告》。 证券代码：600850 证券简称：电科数字 公告编号：临 2024-059 中电科数字技术股份有限公司 第十届监事会第十三次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、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法律责任。 中电科数字技术股份有限公司（以下简称"公司"）第十届监事会第十三次 会议通知于 2024 年 11 月 10 日以电子邮件方式发出，会议于 ...

国浩律师（上海）事务所 关于 中电科数字技术股份有限公司 注销公司第二期股票期权激励计划首次授予部分股票期权 之 国浩律师（上海）事务所（以下简称"本所"）接受中电科数字技术股份有 限公司（以下简称"电科数字"或"公司"）的委托，根据《中华人民共和国公 司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证 券法》"）、《上市公司股权激励管理办法》（以下简称"《管理办法》"）、 《国有控股上市公司（境内）实施股权激励试行办法》（以下简称"《试行办法》"） 等相关法律、法规、规范性文件及《中电科数字技术股份有限公司章程》（以下 简称"《公司章程》"）的规定，就公司注销第二期股票期权激励计划首次授予 部分股票期权（以下简称"本次注销"）相关事宜出具本法律意见书。 第一节 律师声明事项 本所律师依据《证券法》、《律师事务所从事证券法律业务管理办法》和《律 师事务所证券法律业务执业规则（试行）》等规定及本法律意见书出具日以前已 经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信用原则， 进行了充分的核查验证，保证本法律意见书所认定的事实真实、准确、完整，所 发表的结论性意见合法、准确 ...

Investment Rating - Buy (首次) [6] Core Views - The company is a listed industrial platform under China Electronics Technology Group Corporation (CETC), focusing on industry digitization, digital infrastructure, and digital products [2] - The company's three major business segments generated revenues of 8.498 billion, 822 million, and 712 million yuan respectively in 2023 [2] - The company fully owns Baifei Electronics and holds a 10.54% stake in Shanghai Huacheng Jinrui, a server manufacturer [2] - Baifei Electronics, a subsidiary, is a leader in secure and trusted computing and has been successfully integrated, contributing 25.47% of the company's net profit in 2023 [3] - Baifei Electronics is expanding into key industries such as semiconductor equipment, satellites, civil aviation, and GPU-based edge computing platforms [4] - The company is expected to benefit from the military informatization trend following the release of the "Military Equipment Support Regulations" [4] Financial Projections - Revenue is projected to grow to 10.675 billion, 11.415 billion, and 12.105 billion yuan in 2024-2026, with year-on-year growth rates of 6.75%, 6.93%, and 6.04% respectively [5] - Net profit attributable to the parent company is expected to reach 600 million, 701 million, and 803 million yuan in 2024-2026, with year-on-year growth rates of 20.73%, 16.87%, and 14.55% respectively [5] - The company's P/E ratios for 2024-2026 are projected to be 31, 26, and 23 [5] Business Segments - Industry Digitization: The core business segment, contributing the majority of revenue [2] - Digital Infrastructure: A growing segment with significant potential in areas like financial technology and industrial internet [2] - Digital Products: Includes products developed by Baifei Electronics, focusing on high-performance and secure computing solutions [2][3] Strategic Focus - The company is leveraging its position within CETC to focus on "chokepoint" industries, particularly in semiconductor equipment and military informatization [4] - Baifei Electronics is expected to drive growth through its expansion into new markets such as satellites, civil aviation, and edge computing [4] Market Catalysts - The release of the "Military Equipment Support Regulations" is expected to catalyze growth in the military informatization sector, benefiting the company's existing satellite and radar businesses [4] - The ongoing trend of semiconductor localization and the development of low-altitude economies are expected to drive demand for Baifei Electronics' products [4]

证券代码：600850 证券简称：电科数字 编号：临 2024-057 中电科数字技术股份有限公司 关于参加 2024 年上海辖区上市公司三季报 集体业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2024 年前三季度的经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的 范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2024 年 11 月 13 日下午 15:00-16:30 （二） 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： 中电科数字技术股份有限公司（以下简称"公司"）已于 2024 年 10 月 26 日 发布公司 2024 年第三季度报告，为便于广大投资者更全面深入地了解公司 2024 年前三季度经营成果、财务状况，公司将参加"2024 年上海辖区上市公司三季报 集体业绩说明会"活动，就投资者关心的问题进行 ...

□其他 （请文字说明其他活动内容） 证券代码：600850 证券简称：电科数字 中电科数字技术股份有限公司投资者关系活动记录表 投资者关系活动类别： | --- | --- | |---------------------------|-----------| | | | | □特定对象调研 □分析师会议 | | | □媒体采访 ■业绩说明会 | | | □新闻发布会 | □路演活动 | | | | □现场参观 参与单位名称及人员姓名： 北京诚盛投资管理有限公司 吴畏，北京泾谷私募基金管理有限公司 高艺，博时 基金管理有限公司 谢泽林，德邦证券股份有限公司 陈涵泊，东北证券股份有限 公司 马宗铠，东方财富证券股份有限公司 方科、向心韵、吕林，敦和资产管理 有限公司 李乾，光大证券股份有限公司 刘勇，广东比邻投资基金管理有限公司 赖昕，广东钜洲投资有限责任公司 王中胜，国海证券股份有限公司 刘熹、郭义 俊，国金证券股份有限公司 孟灿，国联证券股份有限公司 黄楷，国新投资有限 公司 刘宏伟，国元证券股份有限公司 耿军军，果行育德管理咨询(上海)有限公 司 宋海亮，鸿运私募基金管理(海南)有限公司 高波，华创证券有 ...

Investment Rating - The report maintains a "Recommended" rating for the company [2][4]. Core Viewpoints - The company has achieved revenue and profit growth in the first three quarters of 2024, with total revenue reaching 7.1 billion yuan, a year-on-year increase of 2.49%, and net profit attributable to shareholders of 302 million yuan, up 8.76% year-on-year [2]. - The financial performance in the third quarter shows a total revenue of 2.587 billion yuan, a decrease of 3.07% year-on-year, while net profit attributable to shareholders increased by 15.38% to 169 million yuan [2]. - The company is positioned as a leading provider of digital solutions in the industry, continuously building a "1+2+N" digital architecture system [2]. - The projected revenue for 2024-2026 is estimated at 11.237 billion, 12.752 billion, and 14.653 billion yuan, with net profits of 583 million, 641 million, and 710 million yuan respectively [2][3]. Financial Summary - For the first three quarters of 2024, the company achieved a gross margin of 19.54% and a net margin of 4.3% [2]. - The total expenses for sales, management, and finance amounted to 733 million yuan, accounting for 10.32% of revenue [2]. - The earnings per share (EPS) for 2024 is projected to be 0.85 yuan, with a price-to-earnings (PE) ratio of 28 [3][5]. - The company’s net assets per share increased by 8.11% year-on-year to 6.64 yuan [2]. Financial Forecasts - The company’s revenue is expected to grow at rates of 12.4%, 13.5%, and 14.9% for the years 2024, 2025, and 2026 respectively [3][5]. - The net profit growth rates are projected at 17.2%, 10.1%, and 10.8% for the same years [3][5]. - The company’s total assets are forecasted to increase from 11.425 billion yuan in 2023 to 15.854 billion yuan by 2026 [6].

2024 年 10 月 29 日 公司研究 评级：买入(维持) 研究所： 证券分析师： 刘熹 S0350523040001 liux10@ghzq.com.cn [Table_Title] Q3 扣非业绩增速 19%，控股股东增持提振信心 ——电科数字（600850）2024 年三季报点评 最近一年走势 事件: 2024 年 10 月 25 日，公司发布 2024 年三季报。2024 年前三季度， 公司营收 71.00 亿元，同比增长 2.49%；归母净利润 3.02 亿元，同比增 长 8.76%；扣非归母净利润 2.99 亿元，同比增长 10.67%； 2024 年第三季度，公司营收 25.87 亿元，同比下降 3.07%；归母净 利润 1.69 亿元，同比增长 15.38%；扣非后归母净利润 1.68 亿元，同比 增长 19.25%。 投资要点: 相对沪深 300 表现 2024/10/28 数字化产品业务增长动能强劲，看好 2024 年全年业务增长 表现 1M 3M 12M 电科数字 26.8% 44.2% 10.4% 2024 年前三季度，公司在保持营收稳健增长的基础上，实现了净利 润的快速增长，我们 ...

证券代码：600850 证券简称：电科数字 公告编号：临 2024-056 中电科数字技术股份有限公司 关于公司第二期股票期权激励计划预留授予 《第二期股票期权激励计划实施考核管理办法》（以下简称"《考核管理办法》"） 的相关规定和公司2021年第一次临时股东大会的授权，董事会认为公司第二期股 票期权激励计划（以下简称"本激励计划"）预留授予第一个行权期行权条件已 成就，同时由于预留授予的激励对象中有6名激励对象离职，2名激励对象绩效考 核结果不满足行权条件，9名激励对象绩效考核结果未满足100%行权条件，注销 部分股票期权。现对有关事项说明如下： 一、本激励计划批准及实施情况 （一）本激励计划已履行的相关程序 1、2021 年 3 月 19 日，公司召开第九届董事会第二十次会议、第九届监事会 第八次会议，审议通过了《关于公司第二期股票期权激励计划（草案）及摘要的 议案》、《关于公司第二期股票期权激励计划管理办法的议案》、《关于公司第 第一个行权期自主行权实施的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥2,586,641,034.58, a decrease of 3.07% compared to ¥2,668,521,998.39 in the same period last year[2]. - Net profit attributable to shareholders was ¥168,784,700.91, representing a year-on-year increase of 15.38% from ¥146,291,353.50[3]. - The net profit after deducting non-recurring gains and losses was ¥168,202,125.55, up 19.16% from ¥141,054,252.40 in the previous year[3]. - Basic earnings per share for the period was ¥0.2448, an increase of 14.61% compared to ¥0.2136 in the same period last year[3]. - Total operating revenue for the first three quarters of 2024 reached CNY 7,100,051,857.58, an increase of 2.49% compared to CNY 6,927,330,056.16 in the same period of 2023[12]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 302,197,032.46, compared to CNY 277,853,957.23 in 2023, representing a growth of 8.75%[14]. - The total comprehensive income attributable to the parent company for Q3 2024 was CNY 294,499,245.93, an increase from CNY 288,650,759.16 in Q3 2023, reflecting a growth of approximately 1.5%[15]. - The net profit for the third quarter of 2024 was ¥292,987,780.78, compared to ¥144,920,121.57 in the third quarter of 2023, indicating a significant increase of approximately 102.5%[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥11,424,659,144.26, a decrease of 9.33% from the previous year's end[3]. - The company's total assets decreased to CNY 10,358,657,943.88 from CNY 11,424,659,144.26, indicating a decline of 9.32% year-on-year[12]. - The total assets as of the end of the third quarter of 2024 amounted to ¥4,854,049,429.24, up from ¥4,424,313,827.63 at the end of the same period in 2023, reflecting a growth of about 9.7%[21]. - The company's total liabilities as of the end of the third quarter of 2024 were ¥1,600,331,810.07, compared to ¥1,184,442,779.06 at the end of the same period in 2023, indicating an increase of approximately 35.0%[21]. - Current liabilities totaled CNY 5,221,524,440.09, down from CNY 6,253,921,747.67, a decrease of 16.49%[12]. - Non-current liabilities increased to CNY 485,076,647.72 from CNY 430,030,298.08, marking an increase of 12.79%[12]. Cash Flow - The company reported a net cash flow from operating activities of -¥1,230,296,181.02, indicating a significant cash outflow[3]. - Cash flow from operating activities for the first three quarters of 2024 was CNY -1,230,296,181.02, worsening from CNY -1,052,989,042.53 in the same period of 2023[17]. - Cash inflow from operating activities totaled CNY 6,758,493,813.55 for the first three quarters of 2024, down from CNY 7,004,085,300.61 in 2023, indicating a decrease of approximately 3.5%[17]. - The net cash flow from financing activities for Q3 2024 was CNY -330,775,732.31, compared to CNY -304,676,961.71 in Q3 2023, showing a decline of about 8.6%[18]. - The cash and cash equivalents at the end of Q3 2024 were CNY 1,048,818,865.87, down from CNY 1,485,694,784.73 at the end of Q3 2023, a decrease of approximately 29.4%[18]. - Cash outflow for operating activities totaled 928,247,559.36, compared to 870,245,710.77 in the previous year[26]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 30,529[7]. - The largest shareholder, East China Computer Technology Research Institute, holds 140,089,809 shares, accounting for 20.53% of the total shares[7]. - The top ten shareholders include state-owned entities, indicating a strong government influence in ownership[8]. - The company has no preferred shareholders with restored voting rights[7]. - The company has not disclosed any significant changes in shareholder relationships or actions during the reporting period[9]. Research and Development - Research and development expenses for the first three quarters of 2024 amounted to CNY 329,134,175.75, compared to CNY 312,641,867.32 in 2023, reflecting a rise of 5.27%[14]. - Research and development expenses for the first three quarters of 2024 totaled ¥27,210,003.37, an increase from ¥22,607,187.41 in the same period of 2023, representing a growth of about 20.5%[22]. Non-Recurring Gains and Losses - Non-recurring gains included government subsidies amounting to ¥543,667.11 for the current period[4]. - The company recognized a total of ¥34,016,206.93 in non-recurring gains from various sources, including fiscal support[6]. - The company has made adjustments to its financial statements in accordance with the new regulations on non-recurring gains and losses issued by the CSRC[3].