Group 1: Company Overview - Beijing Beifang Information Technology Co., Ltd. is a leading provider of digital transformation services in China, focusing on information technology services and business process outsourcing [1] - The company has established a strong client base in the financial technology sector, primarily serving banks, insurance, securities, trust, fund, and asset management companies [1] - In the first three quarters of 2024, the company achieved a revenue of 3.436 billion yuan, reflecting a double-digit growth despite industry pressures [1] Group 2: Financial Performance - In Q3 2024, the company reported a revenue of 1.192 billion yuan, a year-on-year increase of 8.47% [2] - The net profit for the same period reached 106 million yuan, with a growth of 7.15% [2] - The non-net profit was 103 million yuan, showing an increase of 8.51% year-on-year [2] Group 3: Business Development and Strategy - The company is actively expanding its client base, targeting small and medium-sized banks, non-bank financial institutions, and non-financial institutions [2] - Revenue from software products and solutions grew by 11.35% year-on-year, with small and medium banks seeing a 19.03% increase, non-bank financial institutions 21.73%, and non-financial institutions 32.57% [2] - The company has completed 250 copyright registrations and 17 national-level certifications in the field of financial technology [2] Group 4: Future Outlook - The company plans to enhance its operational efficiency and profitability through lean operations and continuous improvement [2] - It aims to maintain technological foresight by increasing research and development investments in big data, artificial intelligence, and blockchain [2] - The company is positioned to leverage policy opportunities to expand its business with small and medium-sized banks and other emerging clients [3]

Investment Rating - The report maintains a "Buy" rating for the company with an updated target price of 25.00 CNY [2][6]. Core Insights - The company's gross margin has improved quarter-on-quarter, leading to a return to profit growth in the latest quarter. For the first three quarters of 2024, the company achieved a revenue of 3.436 billion CNY, a year-on-year increase of 10.05%. In Q3 alone, revenue reached 1.192 billion CNY, up 8.47% year-on-year, aligning with expectations. The net profit attributable to shareholders for the first three quarters was 226 million CNY, down 9.34% year-on-year, but the decline has narrowed compared to the first half of the year. Notably, Q3 net profit was 106 million CNY, reflecting a year-on-year growth of 7.15% [2][6]. Financial Summary - Revenue and Profit Forecasts: - 2024E Revenue: 4.754 billion CNY, a growth of 12.1% from 2023A - 2025E Revenue: 5.439 billion CNY, a growth of 14.4% from 2024E - 2026E Revenue: 6.208 billion CNY, a growth of 14.1% from 2025E - 2024E Net Profit: 339 million CNY, a decrease of 2.4% from 2023A - 2025E Net Profit: 408 million CNY, a growth of 20.2% from 2024E - 2026E Net Profit: 474 million CNY, a growth of 16.3% from 2025E [3][11]. - Earnings Per Share (EPS) Forecast: - 2024E EPS: 0.55 CNY - 2025E EPS: 0.66 CNY - 2026E EPS: 0.77 CNY [2][3]. - Valuation Metrics: - The average PE ratio for comparable companies in 2025 is projected at 37.87 times [2][12]. Industry Context - The banking sector, particularly state-owned banks, is experiencing a slowdown in IT spending growth, coupled with increased project implementation challenges due to intensified competition. Despite these pressures, the company has successfully reversed the trend of declining gross margins through improved internal management. The gross margin for Q3 was 24.59%, reflecting a quarter-on-quarter increase of 2.40 percentage points, which was a key driver for the net profit margin increase of 2.53 percentage points [2][6]. - The report suggests that industry profit margins have likely bottomed out, with the company positioned to lead a recovery in profitability as competitors adopt more conservative operational strategies [2][6].

证券代码：002987 证券简称：京北方 公告编号：2024-058 京北方信息技术股份有限公司 关于2023年股票期权与限制性股票激励计划首次授予部分 限制性股票第一个解除限售期解除限售条件成就的公告 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、京北方 2023 年股票期权与限制性股票激励计划首次授予部分限制性股票 第一个解除限售期解除限售条件已经成就，符合解除限售条件的激励对象共 2 名， 本次解除限售的股票数量为 168,000 股，占公司目前总股本的 0.03%； 2、本次限制性股票办理完解除限售手续在上市流通前，公司将发布相关提 示性公告，敬请投资者注意。 京北方信息技术股份有限公司于 2024 年 10 月 28 日召开第四届董事会第七 次会议、第四届监事会第五次会议审议通过了《关于 2023 年股票期权与限制性 股票激励计划首次授予部分限制性股票第一个解除限售期解除限售条件成就的 议案》，根据公司《2023 年股票期权与限制性股票激励计划》（以下简称"本激 励计划"）的相关规定及 2023 年第二次临时股东大会授权，董事会认为 ...

京北方信息技术股份有限公司 监事会同意本次符合条件的 2 名首次授予激励对象办理解除限售相关事宜， 第一个解除限售期可解除限售的限制性股票数量 168,000 股。上述事项均符合相 关法律、法规及规范性文件所规定的条件，不存在损害公司及股东利益的情形。 监事会关于2023年股票期权与限制性股票激励计划首次授 予部分限制性股票第一个解除限售期相关事项的核查意见 京北方信息技术股份有限公司（以下简称"公司"）监事会根据《上市公司 股权激励管理办法》等相关法律法规、规范性文件以及《京北方信息技术股份有 限公司章程》（以下简称"《公司章程》"）、公司《2023 年股票期权与限制性 股票激励计划》的规定，对公司 2023 年股票期权与限制性股票激励计划首次授 予部分限制性股票第一个解除限售期相关事项进行审核，并发表核查意见如下： 经核查，根据《上市公司股权激励管理办法》、公司《2023 年股票期权与限 制性股票激励计划》等有关法律、法规和规范性文件的规定，公司 2023 年股票 期权与限制性股票激励计划首次授予限制性股票的 2 名激励对象中，1 名激励对 象个人绩效考核评价结果为 A，对应第一个解除限售期解除限售比例为 ...

证券代码：002987 证券简称：京北方 公告编号：2024-054 京北方信息技术股份有限公司 第四届监事会第五次会议决议公告 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 具体内容详见公司同日于巨潮资讯网（www.cninfo.com.cn）披露的《关于回 购注销 2023 年股票期权与限制性股票激励计划部分限制性股票并调整回购价格 的公告》（公告编号：2024-057）。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 3、审议通过《关于 2023 年股票期权与限制性股票激励计划首次授予部分限 制性股票第一个解除限售期解除限售条件成就的议案》； 经审核，监事会认为：公司 2023 年股票期权与限制性股票激励计划首次授 予部分限制性股票第一个解除限售期解除限售条件已满足，相关业绩指标及考核 结果均真实、有效，不存在虚假、故意隐瞒等情况；相关主体不存在依据法律、 法规、规范性文件及公司 2023 年股票期权与限制性股票激励计划不得解除限售 的情形。激励对象的个人层面绩效考核结果合规、真实，不存在虚假、故意隐瞒 等相关情况，符合 ...

证券代码：002987 证券简称：京北方 公告编号：2024-055 京北方信息技术股份有限公司 关于召开2024年第一次临时股东大会的通知 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。 京北方信息技术股份有限公司（以下简称"公司"）于 2024 年 10 月 28 日召 开的第四届董事会第七次会议审议通过了《关于提请召开 2024 年第一次临时股东 大会的议案》，决定于 2024 年 11 月 15 日召开公司 2024 年第一次临时股东大会。 现将具体事项通知如下： 一、召开会议的基本情况 1、股东大会届次：2024 年第一次临时股东大会。 2、股东大会的召集人：公司董事会。本次股东大会由公司第四届董事会第七 次会议决议召开。 3、会议召开的合法性、合规性：本次股东大会的召集、召开符合《公司法》 《证券法》《上市公司股东大会规则》《深圳证券交易所股票上市规则》《深圳证 券交易所上市公司规范运作指引》等有关法律、行政法规、部门规章、规范性文件 和《公司章程》的规定。 4、会议召开的日期、时间： （1）现场会议召开时间：2024 年 11 月 15 日（星期 ...

Financial Performance - The company's revenue for Q3 2024 reached ¥1,192,435,683.41, an increase of 8.47% compared to the same period last year[3] - Net profit attributable to shareholders was ¥105,625,121.73, reflecting a growth of 7.15% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥102,741,852.72, up by 8.51% from the previous year[3] - Total operating revenue for Q3 2024 reached CNY 3,436,354,876.49, an increase of 10.06% compared to CNY 3,122,609,695.43 in the same period last year[16] - Net profit for Q3 2024 was CNY 225,553,546.61, compared to CNY 248,793,985.68 in Q3 2023, indicating a decrease of 9.34%[17] - The total comprehensive income for the third quarter was ¥225,553,546.61, compared to ¥248,793,985.68 in the previous year, reflecting a decrease of approximately 9.3%[18] Assets and Liabilities - Total assets as of the end of Q3 2024 amounted to ¥3,236,277,871.35, representing a 5.32% increase from the end of the previous year[3] - The company's total assets as of Q3 2024 were CNY 3,236,277,871.35, compared to CNY 3,072,875,390.74 at the end of the previous year, representing an increase of 5.33%[16] - The total liabilities for Q3 2024 were CNY 528,458,932.67, slightly up from CNY 526,764,409.93, reflecting a marginal increase of 0.32%[16] - The company's accounts receivable increased by 57.14% to ¥1,401,957,306.87, primarily due to increased revenue and delayed cash collections[6] - Contract assets increased to CNY 945,480,548.95 from CNY 691,298,016.11, representing a significant rise of 36.73%[16] - The company reported a decrease in accounts payable from CNY 2,260,715.58 to CNY 1,525,689.64, a reduction of 32.54%[16] Shareholder Information - Shareholders' equity attributable to the parent company increased to ¥2,707,818,938.68, a rise of 6.35% year-on-year[3] - The total number of common shareholders at the end of the reporting period is 44,244, with the largest shareholder holding 51.40% of shares, amounting to 317,633,975 shares[8] - The second-largest shareholder holds 6.80% of shares, totaling 42,033,019 shares[8] - The shareholder structure indicates a concentration of ownership, with the top two shareholders holding a combined 58.20% of the total shares[8] Cash Flow - Cash flow from operating activities showed a net outflow of ¥669,948,521.81, indicating a significant change from the previous year[3] - Cash inflow from operating activities totaled ¥2,979,073,875.56, an increase of 16.3% compared to ¥2,562,448,322.05 in the prior year[20] - Cash outflow from operating activities was ¥3,649,022,397.37, up from ¥3,178,835,011.51, representing an increase of 14.8%[20] - Investment activities generated a net cash inflow of ¥144,975,422.18, compared to ¥72,451,451.47 in the previous year, showing an increase of 100%[20] - The company received cash from investment recoveries amounting to ¥820,000,000.00, down from ¥1,552,000,000.00 in the previous year, a decrease of 47.2%[20] - The company reported a total cash outflow from financing activities of ¥91,154,040.31, which was significantly higher than the previous year's outflow of ¥44,923,729.50, indicating an increase of 102.5%[20] Operational Metrics - The company's basic earnings per share for Q3 2024 was ¥0.17, an increase of 6.25% compared to the same period last year[3] - Basic and diluted earnings per share for the quarter were both ¥0.37, down from ¥0.40 in the same period last year, indicating a decline of 7.5%[18] - The weighted average return on equity was 3.98%, a decrease of 0.14% from the previous year[3] - Research and development expenses amounted to CNY 316,494,497.72, an increase from CNY 299,911,631.61, showing a growth of 5.52% year-over-year[17] Other Information - The company completed the registration for the first exercise period of its stock option and restricted stock incentive plan, with a total of 1,962,732 stock options available for exercise[12] - The company has initiated a stock repurchase plan for part of the restricted stock from its incentive plan, adjusting the repurchase price accordingly[13] - The company has not disclosed any new product launches or technological developments in this reporting period[10] - There is no mention of market expansion or mergers and acquisitions in the current report[10] - The company has not provided specific future guidance or performance outlook in this report[10] - The cash and cash equivalents decreased to 315,550,957.56 RMB from 809,814,660.79 RMB, reflecting a decline of about 61%[14] - Cash and cash equivalents at the end of the period were ¥301,064,449.20, compared to ¥242,347,651.82 at the end of the previous year, reflecting an increase of 24.2%[20] - The third quarter report was not audited, as indicated by the company[21]

京北方信息技术股份有限公司章程 第一章 总则 第一条 为维护京北方信息技术股份有限公司（以下简称"公司"）、股东 和债权人的合法权益，规范公司的组织和行为，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》） 和其他有关规定，制订本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司，由北 京京北方信息技术有限公司整体变更设立。 第八条 董事长为公司的法定代表人。 公司在北京市海淀区市场监督管理局注册登记，取得营业执照，统一社会信 用代码：911101086976555404。 第三条 公司于 2020 年 2 月 28 日经中国证券监督管理委员会（以下简称 "中国证监会"）核准，首次向社会公众发行人民币普通股 4,017 万股，于 2020 年 5 月 7 日在深圳证券交易所上市。 第四条 公司注册名称： 中文名称：京北方信息技术股份有限公司 英文名称：NORTHKING INFORMATION TECHNOLOGY CO.,LTD. 第五条 公司住所：北京市海淀区西三环北路 25 号 7 层 邮编：100089 第六条 公司注册资本为人民币 ...

关于变更会计师事务所的公告 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、拟聘任的会计师事务所名称：中汇会计师事务所（特殊普通合伙）（以 下简称"中汇会计师事务所"）； 2、原聘任的会计师事务所名称：天职国际会计师事务所（特殊普通合伙） （以下简称"天职国际会计师事务所"）； 3、变更会计师事务所的原因：公司于 2024 年 5 月 7 日召开 2023 年年度股 东大会，审议通过了《关于续聘会计师事务所的议案》，同意聘请天职国际会计 师事务所（特殊普通合伙）为公司 2024 年度审计机构。鉴于天职国际会计师事 务所已连续多年为公司提供审计服务，为更好地保证审计工作的独立性与客观性， 综合考虑公司业务发展和审计工作需求等情况，拟聘请中汇会计师事务所为公司 2024 年度审计机构。公司已就变更会计师事务所的相关事宜与前后任会计师事 务所进行了沟通，前后任会计师事务所均已明确知悉本次变更事项并确认无异议； 4、本次变更会计师事务所事项符合《国有企业、上市公司选聘会计师事务 所管理办法》《深圳证券交易所股票上市规则》等有关规定。公司董事会及董事 会 ...

| 目 录 | | --- | 公司简称：京北方 证券代码：002987 上海荣正企业咨询服务（集团）股份有限公司 关于 京北方信息技术股份有限公司 2023 年股票期权与限制性股票激励计划首次授 予部分限制性股票第一个解除限售期解除限售 条件成就相关事项 之 独立财务顾问报告 2024 年 10 月 | 一、释义 2 | | --- | | 二、声明 3 | | 三、基本假设 4 | | 四、本激励计划的审批程序 5 | | 五、首次授予部分限制性股票第一个解除限售期解除限售条件成就的说明 8 | | （一）首次授予激励对象已进入第一个解除限售期 8 | | （二）首次授予限制性股票第一个解除限售期解除限售条件成就的情况 8 | | （三）本次实施的激励计划与已披露的激励计划存在差异的说明 10 | | （四）独立财务顾问结论性意见 11 | | 六、备查文件及咨询方式 12 | | （一）备查文件 12 | | （二）咨询方式 12 | 一、释义 本独立财务顾问报告中，除非文义载明，下列简称具有如下含义： | 上市公司、公司、 | 指 | 京北方信息技术股份有限公司 | | --- | --- | --- ...