[Table_StockInfo] 2024 年 04 月 28 日 证券研究报告•2023 年年报点评 买入 （首次） 当前价：31.27 元 超讯通信（603322）通信 目标价：37.80 元（6 个月） [Table_Summary 事件：公司发布] 2023年年度报告&2024一季度报告，2023年实现营收 24.5亿 元，同比增长 20.7%；归母净利润 1878.8万元，同比增长 23.7%；扣非归母净 利润 86.4 万元，同比增长 100.8%。其中，Q4 单季度实现营收 10.8 亿元，同 比增长 32.0%，环比增长 91.2%；归母净利润 4899.7万元，同比增长 175.5%， 环比增长 515.8%；扣非归母净利润 4242.9万元，同比增长 150.7%，环比增长 449.7%。2024Q1实现营收 8.1亿元，同比增长 215.3%，实现归母净利润 2220.2 万元，同比扭亏为盈。 算力业务成为新增长点，业绩符合预期。2023 年公司实现营收 24.5 亿元，同 比增长 20.7%，归母净利润 1878.8万元，同比增长 23.7%，主要系算力业务大 幅增长。分市场来看，公 ...

Financial Performance - The company's operating revenue for Q1 2024 reached ¥813,602,191.78, representing a significant increase of 215.26% compared to the same period last year[4] - Net profit attributable to shareholders was ¥22,202,184.93, with a net profit excluding non-recurring gains and losses of ¥21,694,955.87[4] - Basic and diluted earnings per share were both ¥0.14[4] - The company reported a net loss of RMB 70,602,426.30 for the first quarter of 2024, an improvement compared to a net loss of RMB 92,804,611.23 in the same period last year[16] - Net profit for Q1 2024 was ¥21.68 million, a turnaround from a net loss of ¥23.29 million in Q1 2023[21] - Basic earnings per share for Q1 2024 improved to ¥0.14, compared to a loss of ¥0.13 per share in Q1 2023[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥73,702,448.01, primarily due to payments for supplier procurement[7] - Cash flow from operating activities showed a net outflow of ¥73.70 million in Q1 2024, worsening from a net outflow of ¥46.25 million in Q1 2023[24] - Cash and cash equivalents decreased significantly from RMB 211,913,249.99 to RMB 101,621,334.74, a decline of approximately 52.0%[14] - Cash and cash equivalents at the end of Q1 2024 were ¥67.20 million, down from ¥174.26 million at the end of Q1 2023[25] - The company reported a total investment cash outflow of ¥1.41 million in Q1 2024, compared to ¥2.14 million in Q1 2023[25] - Financing activities generated a net cash inflow of ¥50.00 million in Q1 2024, compared to a smaller inflow of ¥4.09 million in Q1 2023[25] - The company received ¥100 million in borrowings during Q1 2024, an increase from ¥60 million in Q1 2023[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,289,309,265.82, up 4.69% from the end of the previous year[5] - The company's current assets totaled RMB 1,741,053,521.40, up from RMB 1,609,417,475.91, indicating an increase of about 8.2%[14] - The company's total liabilities increased to RMB 1,935,519,750.17 from RMB 1,854,881,342.41, marking a rise of about 4.3%[16] - The equity attributable to shareholders improved from RMB 295,355,421.26 to RMB 317,557,606.19, reflecting an increase of approximately 7.5%[16] Operational Highlights - The company attributed the significant revenue growth to the expected income from its computing power business[7] - Total operating costs for Q1 2024 were ¥785.57 million, up from ¥278.45 million in Q1 2023, reflecting a 182.5% increase[20] - The weighted average return on equity increased by 16.43 percentage points to 7.24%[4] - The total number of common shareholders at the end of the reporting period was 30,250[9] - Non-recurring gains and losses amounted to ¥507,229.06, after accounting for tax effects and minority interests[7] - The company has not reported any significant changes in shareholder structure or major financing activities during the reporting period[12] Inventory and Receivables - Accounts receivable rose to RMB 644,939,582.74 from RMB 560,883,039.89, representing an increase of around 15.0%[14] - Inventory increased from RMB 140,853,880.24 to RMB 152,710,528.02, which is an increase of about 8.4%[14] - The company reported a significant decrease in credit impairment losses, which were ¥3.35 million in Q1 2024, compared to ¥9.46 million in Q1 2023[20]

超讯通信股份有限公司 2023 年度 审计报告 | 索引 | | 页码 | | --- | --- | --- | | 审计报告 | | 1-4 | | 公司财务报表 | | | | — | 合并资产负债表 | 1-2 | | — | 母公司资产负债表 | 3-4 | | — | 合并利润表 | 5 | | — | 母公司利润表 | 6 | | — | 合并现金流量表 | 7 | | — | 母公司现金流量表 | 8 | | — | 合并股东权益变动表 | 9-10 | | — | 母公司股东权益变动表 | 11-12 | | — | 财务报表附注 | 13-109 | 信永中和会计师事务所 | 北京市东城区朝阳门北大街 8 号富华大厦 A 座 9 层 联系电话: +86 (010) 6554 2288 telephone: +86 (010) 6554 2288 c accountants 100027. P.R.China 9/F. Block A. Fu Hua Mans No.8. Chaoyangmen Bei Donachena District. Beijin 审计报告 XYZH/2024GZA ...

Financial Performance - The company's operating revenue for 2023 reached ¥2,444,980,148.84, representing a 20.69% increase compared to ¥2,025,842,859.98 in 2022[22]. - Net profit attributable to shareholders was ¥18,788,142.55, a 23.69% increase from ¥15,189,630.89 in the previous year[22]. - The basic earnings per share for 2023 was ¥0.12, up 20.00% from ¥0.10 in 2022[25]. - The weighted average return on equity increased to 7.94%, up 0.39 percentage points from 7.55% in 2022[25]. - The company's net assets attributable to shareholders increased by 30.05% to ¥295,355,421.26 from ¥227,117,570.85 in 2022[22]. - The company reported a quarterly revenue of ¥1,079,900,256.76 in Q4 2023, marking a strong finish to the year[27]. - The company recorded a net profit of ¥48,997,338.85 in Q4 2023, a significant recovery from losses in the earlier quarters[27]. - In 2023, the company achieved operating revenue of 2.445 billion RMB, a year-on-year increase of 20.69%, and a net profit attributable to shareholders of 18.7881 million RMB, up 23.69% from the previous year[33]. Business Operations - The company experienced substantial growth in its computing power business, which significantly contributed to the increase in revenue and net profit[25]. - The company's computing power business revenue increased significantly, accounting for 44% of total revenue, up from 27% in the previous year[54]. - The company plans to continue expanding its computing power business and exploring new market opportunities in the upcoming year[25]. - The company signed a strategic cooperation agreement with six parties, including China Power Engineering Consulting Group, to provide integrated computing power construction services for the "East Data West Computing" project[33]. - The company became the industry general agent for the domestic GPU brand "Muxi" and secured a customized server procurement order worth 600 million RMB for its own brand "Yuanxing" servers[34]. - The company successfully entered the ICT service market, being shortlisted for 16 provincial-level ICT integration service libraries and winning several data analysis service projects[37]. - The company plans to continue exploring opportunities in the new energy sector, including charging stations and photovoltaics[48]. Risk Management - The management has provided a risk statement regarding forward-looking statements, indicating potential investment risks[6]. - The company has detailed potential risks in the "Management Discussion and Analysis" section of the report[8]. - The company acknowledges the risk of high accounts receivable and potential bad debts, emphasizing the need for dynamic management of receivables[91]. - The company faces customer concentration risk, particularly with China Mobile as a major client, and plans to diversify its customer base[91]. Governance and Compliance - The report includes a commitment from the board of directors and management to ensure the accuracy and completeness of the financial report[9]. - The company has not disclosed any significant changes in its governance structure or major operational strategies in the report[10]. - The supervisory board consists of 3 supervisors, including 1 employee representative, and held 8 meetings throughout the year to oversee the board's decision-making processes[97]. - The company strictly adheres to relevant regulations for information disclosure, ensuring timely and accurate communication to protect the rights of investors, especially minority shareholders[97]. - The company has implemented a registration management system for insider information, ensuring confidentiality and compliance with regulations to prevent information leaks[97]. - The company has not faced any penalties from securities regulatory agencies in the past three years[110]. Financial Management - The company plans to actively broaden financing channels to optimize its financial structure, considering various refinancing options[90]. - The company reported a significant decrease in other income, down 59.74% to 7,842,791.57 CNY, primarily due to reduced government subsidies[52]. - Investment income dropped by 90.39% to 7,647,127.25 CNY compared to the previous year[52]. - The company's cash and cash equivalents decreased by 26.55% to RMB 211.91 million compared to the previous period[75]. - The company has established an internal control system that complies with the requirements of the Ministry of Finance and the China Securities Regulatory Commission, ensuring the legality and compliance of business operations[129]. Shareholder Relations - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the fiscal year 2023[5]. - The annual shareholders' meeting was held on May 17, 2023, with resolutions published on May 18, 2023[99]. - The company has a cash dividend policy in place, which was reviewed and approved during the reporting period, ensuring protection of minority shareholders' rights[125]. - The company has not made any adjustments to its cash dividend policy during the reporting period, maintaining consistency in shareholder returns[126]. Environmental and Social Responsibility - The company made a total donation of 17.3 million yuan during the reporting period, including 3 million yuan to the Guangdong Red Cross and 9.3 million yuan for poverty alleviation projects[135]. - The company actively promotes energy-saving and environmental protection initiatives, implementing measures to reduce resource consumption[134]. - The company has established a mechanism for environmental protection and is not classified as a key pollutant discharge unit by environmental authorities[133]. Audit and Financial Reporting - The company received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[4]. - The audit report confirms that the financial statements fairly reflect the company's financial position as of December 31, 2023[193]. - The company has complied with all major aspects of the accounting standards in preparing its financial statements[194]. - The company did not disclose any non-operating fund occupation situations inconsistent with the special audit opinions[150].

超讯通信股份有限公司 2023 年度独立董事述职报告 （第四届董事会独立董事 卢伟东） 本人卢伟东作为超讯通信股份有限公司（以下简称"公司"）第四届董事会的 独立董事，担任第四届董事会薪酬与考核委员会的主任委员，并兼任第四届董事 会审计委员会和提名委员会委员，在 2023 年度（以下简称"本年度"）工作中严 格按照《公司法》、《公司章程》以及《超讯通信股份有限公司独立董事工作制 度》等有关法律、法规的规定，勤勉、尽责、积极发挥独立董事的独立作用，积 极出席相关会议，认真审议董事会各项议案，对公司的生产经营和业务发展提出 合理的建议，充分发挥了独立董事作用，认真维护了公司股东尤其是中小股东的 合法权益。现就本人 2023 年度履行独立董事职责情况汇报如下： 一、独立董事基本情况 三、2023 年履职情况 （一）参加董事会会议、股东大会情况 本年度公司共计召开 11 次董事会会议，4 次股东大会。本人积极参加各次 董事会，出席股东大会。在履职期间有足够的时间和精力履行职责，认真审阅会 议材料，并在会上发表了专业、客观的独立意见；未受到公司主要股东和其他与 公司存在利害关系的单位和个人的影响。2023 年度本人出席 ...

超讯通信股份有限公司 2023 年度审计委员会履职情况报告 超讯通信股份有限公司（以下简称"公司"）董事会审计委员会根据《上市 公司治理准则》、《上海证券交易所上市公司自律监管指引第 1 号——规范运作》 以及《公司章程》、《董事会审计委员会工作细则》等相关规定，在 2023 年度尽 职尽责，积极开展工作，认真履行职责。现对审计委员会 2023 年度的履职情况 汇报如下： 一、审计委员会基本情况 （一）监督及评估外部审计机构工作 2023 年，审计委员会审议通过了《关于续聘审计机构的议案》，向公司董事 会提议续聘信永中和会计师事务所（特殊普通合伙）为公司 2023 年度审计机构。 报告期内，审计委员会与信永中和会计师事务所（特殊普通合伙）就年度财务报 告审计计划、范围、方法等事项进行了充分沟通，认真督促会计师事务所勤勉尽 责地完成财务审计工作。我们认为：信永中和会计师事务所（特殊普通合伙）能 够按照中国注册会计师独立审计准则实施对公司的审计，其在担任公司审计机构 期间，勤勉尽责地开展工作，公允合理地发表意见，按时完成了公司的审计工作。 （二）指导内部审计工作 报告期内，我们与公司内部审计机构保持沟通，督促内部 ...

证券代码：603322 证券简称：超讯通信 公告编号：2024-017 超讯通信股份有限公司 关于购买董监高责任险的公告 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个别及连带责任。 超讯通信股份有限公司（以下简称"公司"）于 2024 年 4 月 25 日召开第五 届董事会第二次会议和第五届监事会第二次会议，审议《关于购买董监高责任险 的议案》，为进一步完善公司风险管理体系，促进公司董事、监事、高级管理人 员充分行使权利、履行职责，从而保障投资者的权益，公司拟为公司及全体董事、 监事和高级管理人员购买责任险。现将投保方案公告如下： 一、责任险具体方案 （一）投保人：超讯通信股份有限公司 （五）保险期限：1 年 为提高决策效率，公司董事会提请股东大会授权管理层办理责任险购买的相 关事宜（包括但不限于确定被保险人范围；确定保险公司；确定保险金额、赔偿 限额、保险费及其他保险条款；选择及聘任保险经纪公司或其他中介机构；签署 相关法律文件及处理与投保、理赔相关的其他事项等），以及在今后责任险保险 合同期满时或期满之前办理与续保或者重新投保等 ...

证券代码：603322 证券简称：超讯通信 公告编号：2024-012 超讯通信股份有限公司 第五届董事会第二次会议决议公告 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个别及连带责任。 一、董事会会议召开情况 超讯通信股份有限公司（以下简称"公司"）第五届董事会第二次会议于 2024 年 4 月 25 日在公司会议室以现场结合通讯会议方式召开。本次董事会会议 通知于 2024 年 4 月 15 日以邮件形式发出。会议由董事长梁建华先生召集并主持， 会议应出席董事 7 名，实际出席董事 7 名，公司监事会成员及高级管理人员列席 了本次会议。会议召集及召开方式符合《中华人民共和国公司法》和《公司章程》 等有关规定，所形成的决议合法有效。 二、董事会会议审议情况 公司董事会听取了审计委员会《2023 年度审计委员会履职情况报告》，具体 内容详见上海证券交易所网站（www.sse.com.cn），并逐项审议了下列议案。 1、审议通过《关于<2023 年度总经理工作报告>的议案》 表决结果： 同意 6 票；反对 0 票；弃权 0 票。关联董事 ...

超讯通信股份有限公司 2023 年度独立董事述职报告 （第五届董事会独立董事 李大伟） 本人李大伟作为超讯通信股份有限公司（以下简称"公司"）第五届董事会的 独立董事，担任第五届董事会薪酬与考核委员会的主任委员，并兼第五届董事会 审计委员会和提名委员会的委员，在 2023 年度（以下简称"本年度"）工作中严 格按照《公司法》、《公司章程》以及《超讯通信股份有限公司独立董事工作制 度》等有关法律、法规的规定，勤勉、尽责、积极发挥独立董事的独立作用，积 极出席相关会议，认真审议董事会各项议案，对公司的生产经营和业务发展提出 合理的建议，充分发挥了独立董事作用，认真维护了公司股东尤其是中小股东的 合法权益。现就本人 2023 年度履行独立董事职责情况汇报如下： 一、独立董事基本情况 李大伟，中国国籍，无境外永久居留权，硕士研究生学历。历任河北厚天律 师事务所律师，天津市行通律师事务所律师，北京市京师律师事务所律师。现任 北京市京师律师事务所权益合伙人。2023 年 12 月 23 日起至今担任公司独立董 事。 二、独立性的情况说明 2023 年，本人对独立性情况进行了自查，确认已满足各项监管规定中对于 出任公司独立 ...

| 信 永中 和会计师 事务所 北京市 尔城区朝阳门北大街 联系电话. +66 (010) 6554 2286 | | | --- | --- | | 8 号富华大厦 A 座 9 层 | telephone: +86 (010) 6554 2288 | | 9/F, Block A, Fu Hua Mansion, No.8, Chaoyangmen Beidajie, ShineWing | | | Dongcheng District, Beijing, 传真: | +86 (010) 6554 7190 | | certified public accountants 100027, P.R.China | facsimile: +86 (010) 6554 7190 | 非经营性资金占用及其他关联资金往来的 专项说明 | 索引 | 页码 | | --- | --- | | 专项说明 | 1-2 | | 非经营性资金占用及其他关联资金往来情况汇总表 | 1 | 超讯通信股份有限公司 2023 年度 我们按照中国注册会计师审计准则审计了超讯通信股份有限公司（以下简称超讯通 信公司）2023 年度财务报表， ...