证券代码：688777 证券简称：中控技术 公告编号：2024-082 中控技术股份有限公司 关于召开 2025 年第一次临时股东大会的通知 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2025 年第一次临时股东大会 召开日期时间：2025 年 1 月 7 日 14 点 00 分 召开地点：浙江省杭州市滨江区六和路 309 号中控科技园公司会议室 （五） 网络投票的系统、起止日期和投票时间。 无 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2025 年 1 月 7 日 至 2025 年 1 月 7 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 股东大会召开日期：2025年1月7日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 ...

证券研究报告·公司点评报告·自动化设备 中控技术（688777） 中标部署 DCS 刷新规模高度，"1+4"AiPlant 新产品场景落地 2024 年 12 月 16 日 买入（维持） | --- | --- | --- | --- | --- | --- | |------------------------------|--------|----------|----------|----------|----------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 6624 | 8620 | 11087 | 13996 | 17300 | | 同比（ % ） | 46.56 | 30.13 | 28.62 | 26.23 | 23.61 | | 归母净利润（百万元） | 797.93 | 1,101.76 | 1,352.49 | 1,636.95 | 2,001.22 | | 同比（ % ） | 37.18 | 38.08 | 22.76 | 21.03 | 22.25 | | EPS ...

Investment Rating - The investment rating for the company is "Outperform the Market" (maintained) [1][4][21] Core Views - The company has partnered with Guangdong Petrochemical to build the "1+2+N" smart factory, which has successfully passed the CMMM Level 4 certification, marking a leading position in smart manufacturing [3][4] - The company is transitioning to a PlantMembership subscription model for industrial software, which is expected to lower usage barriers and enhance user retention [4][11] - The launch of the Plantbot robotic solution has led to significant orders from Saudi Aramco, indicating a strong foothold in the AI and robotics sector [4][16] - The company maintains its revenue and profit forecasts for 2024-2026, expecting revenues of 98.01 billion, 114.58 billion, and 135.24 billion yuan, with net profits of 11.99 billion, 14.36 billion, and 17.40 billion yuan respectively, corresponding to PE ratios of 33, 27, and 23 [4][21] Summary by Sections Smart Factory Development - The collaboration with Guangdong Petrochemical is significant, as it is the largest single investment project by China National Petroleum Corporation, with a production capacity of 20 million tons per year for refining and various chemical products [5][6] - The project has achieved CMMM Level 4 certification, showcasing Guangdong Petrochemical's advanced capabilities in smart manufacturing [5][6] Product Innovations - The company has introduced two groundbreaking products: the Universal Control System (UCS) and the AI Time Series Model (TPT), which are set to revolutionize industrial control systems and enhance operational efficiency [9][10] - UCS can save 90% of cabinet space and 80% of cabling costs, while TPT has shown significant improvements in modeling efficiency and operational parameters [9][10] Subscription Model Transition - The company is implementing a subscription-based model for its industrial software, which is expected to increase software adoption rates and improve customer loyalty [11][12] - The first company to adopt this model has successfully integrated various management systems, demonstrating the effectiveness of the subscription approach [12] Robotics Sector Expansion - The company has launched the humanoid robot "Navigator 2" (NAVIAI), which features advanced capabilities and is designed for various applications, including high-precision assembly and security patrols [16][18] - The Plantbot robotic solution has been successfully applied in multiple industrial scenarios, enhancing operational efficiency and safety [16][18]

Investment Rating - Maintain "Buy" rating for Zhongkong Technology (688777 SH) [4] Core Views - Zhongkong Technology is a leading provider of intelligent manufacturing solutions for the process industry in China The company has successfully transformed its business model twice demonstrating strong technical capabilities and strategic vision [2] - Despite cyclical factors affecting traditional businesses due to high market share new demand (equipment replacement) and new market expansion (overseas) provide strong growth momentum for the company [2] - The company is expected to achieve net profits of 1 21 1 44 and 1 78 billion yuan in 2024 2025 and 2026 respectively with corresponding P E ratios of 32 9x 27 6x and 22 3x [2] Historical Growth and Strategic Evolution - Zhongkong Technology initially focused on DCS (Distributed Control Systems) and later expanded to large-scale clients with the development of ECS-700 a next-generation product By 2011 the company achieved the top market share in China's DCS market [4] - The company transitioned from a single DCS supplier to a comprehensive automation product provider by extending its product line to include industrial software and instrumentation [4] - From 2016 onwards the company developed a comprehensive intelligent manufacturing solution and introduced a new business model "S2B+5S" leveraging its DCS expertise to expand across products industries and regions [4] - Between 2016 and 2023 the company achieved a compound annual growth rate (CAGR) of 29% in revenue and 55% in net profit [4] Growth Drivers - The company's growth is driven by continuous product iteration supported by strong R&D capabilities including a robust R&D team significant R&D investment and high-quality industry-academia collaboration [5] - Strategically the company has consistently expanded its product portfolio from small and medium DCS systems to four major control systems and from APC (Advanced Process Control) to 11 industrial software systems and over 200 industrial apps [5] Current Market Position and Future Outlook - In the short term cyclical factors are increasingly impacting traditional businesses due to high market share However new demand for equipment replacement and overseas market expansion provide growth opportunities [6] - The global DCS market is expected to grow from 19 9 billion USD in 2023 to 26 7 billion USD by 2028 with a CAGR of 6 1% The domestic market accounts for only 10% of the global market indicating significant overseas potential [6] - In the first half of 2024 the company's overseas revenue and orders reached 343 million yuan and 500 million yuan respectively representing year-on-year growth of 188% and 64% [6] - Long-term the company aims to transition from project-based to product and platform-based operations with its new AI strategy playing a key role in this transformation [6] Financial Projections - The company is expected to achieve net profits of 1 21 1 44 and 1 78 billion yuan in 2024 2025 and 2026 respectively with corresponding P E ratios of 32 9x 27 6x and 22 3x [7]

证券代码：688777 证券简称：中控技术 中控技术股份有限公司投资者关系活动记录表 编号：2024-017 | --- | --- | --- | --- | |----------------|----------------------|------------|------------| | | | | | | | 特定对象调研 | 分析师会议 | 现场参观 | | 投 资 者 关 系 | 媒体采访 | 业绩说明会 | 新闻发布会 | | 活动类别 | 路演活动 | 其他（ | ） | | | 1 、 11 月 18 日 | | | | | 第一场：现场调研 | | | | | Jefferies 共 2 人 | | | | | 第二场：现场调研 | | | | | 海通证券、韩国投资 | 共 3 人 | | | | 2 、 11 月 19 日 | | | | 参 与 单 位 名 | 第一场：电话会议 | | | | 称 及 人 员 姓 | 华创证券、汇添富基金 | 共 3 人 | | | 名 | 第二场：现场调研 | | | | | 西部证券 共 1 人 | | | | | 3 、 11 月 20 ...

中国国际金融股份有限公司中金公司会议仅限受邀嘉宾参会未经中金公司和演讲嘉宾书面许可任何机构和个人不得以任何形式将会议内容和相关信息独白公布转发转载传播复制编辑修改等如有上述违法行为中金公司保留追究相关方法律责任的权利 这次会议是中国国际资产合作组织CICC的关闭会议只有邀请客人可以参加不需要CICC和评论员签署的允许任何组织或人员不得删除、翻载、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複制、複 CICC reserves the right to investigate the relevant legal liability 各位投资者大家下午好欢迎参加梅花工系列中控技术的一个电话更新交流会我是中金机械分析师郭微秀今天和我共同组织的也有中金软件组的老师王志浩那么我们其实是在10月份10月份可以看到整体步入到今年的四季度新疆梅花工的项目是进入到了一个密集的环平期及密集的批复期 那么中控技术的话也是一个下游主要是受益于以石娃公为代表的流程行业里面的行业的核心资产所以我们今天非常荣幸的邀请到了 ...

证券代码：688777 证券简称：中控技术 公告编号：2024-076 中控技术股份有限公司 关于股份回购实施结果的公告 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： | 回购方案首次披露日 | 2024/7/3，由董事长提议 | | | | --- | --- | --- | --- | | 回购方案实施期限 | 年 月 日~2025 年 月 2024 7 2 7 | 1 | 日 | | 预计回购金额 | 10,000 万元~20,000 万元 | | | | 回购价格上限 | 62.04 元/股 | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | □为维护公司价值及股东权益 | | | | 实际回购股数 | 261.4442 万股 | | | | 实际回购股数占总股本比例 | 0.33% | | | | 实际回购金额 | 10,001.80 万元 | | | | 实际回购价格区间 | 34.92 元/股~49.80 元/股 | | | 一、 ...

证券代码：688777 证券简称：中控技术 中控技术股份有限公司投资者关系活动记录表 编号：2024-016 | --- | --- | --- | --- | |----------------|---------------------------------------|--------------------------------------------------------------------------------------------------------------------------|------------| | | | | | | | 特定对象调研 | 分析师会议 | 现场参观 | | 投 资 者 关 系 | 媒体采访 | 业绩说明会 | 新闻发布会 | | 活动类别 | 路演活动 | 其他（ | ） | | | 1 、 11 月 5 日 | | | | | 第一场：券商策略会 百年保险资管 共 14 | 东方证券、东海基金、光大资管、金库投资、诺德基金、汇添富 基金、国泰基金、宁银理财、招银理财、涌成资产、联通母基金、 人 | | | 参 与 单 位 名 | 第二场：券 ...

中控技术股份有限公司（以下简称"公司"）2019 年第一期员工持股计划（以 下简称"本期员工持股计划"或"第一期员工持股计划"）所持有的公司 A 股股 票已通过大宗交易及集中竞价交易方式全部减持完毕，根据中国证监会《上海证 券交易所科创板上市公司自律监管指引第 1 号——规范运作（2023 年 12 月修 订）》的相关规定，现将相关情况公告如下： 证券代码：688777 证券简称：中控技术 公告编号：2024-075 中控技术股份有限公司 关于 2019 年第一期员工持股计划减持完毕的公告 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、准确性和完整性依法承担法律责任。 1、公司 2019 年第一期员工持股计划已减持完毕全部所持公司股票，在减持 期间，严格遵守市场交易规则，遵守中国证监会、上海证券交易所关于股票买卖 相关规定。 四次会议，审议通过了《关于第一期员工持股计划展期的议案》，同意将公司第 一期员工持股计划存续期展期 12 个月，即存续期展期至 2025 年 5 月 29 日。 2023 年 6 月 26 日，因公司实施了 2022 年度利润分配方 ...

Core Viewpoint - MSCI has awarded Zhongkong Technology (688777) an A rating in its latest annual ESG assessment, highlighting the company's significant achievements in sustainable development and recognition by an international authority [1] Group 1: ESG Achievements - Zhongkong Technology has received positive evaluations in various domestic and international ESG rating systems, including being selected as an "Excellent ESG Case" by the China Listed Companies Association and included in the "Shanghai Stock Exchange Sci-Tech Innovation Board ESG Index" [1] - The company has been recognized as a benchmark enterprise for social responsibility in Zhejiang Province and an outstanding ESG enterprise [1] Group 2: Future Plans - The company will continue to uphold the concept of sustainable development, enhance ESG management, and promote high-quality, sustainable growth [2] - Zhongkong Technology aims to collaborate with customers, shareholders, employees, ecological partners, and communities to explore a green, harmonious, and win-win future development blueprint [2]