Investment Rating - The report assigns a "Buy" rating for the company, indicating an expected relative increase in stock price of over 20% compared to the benchmark index within the next six months [2][16]. Core Insights - The company is a leader in the smart campus sector with a market share exceeding 40%, focusing on information technology solutions for educational institutions [5]. - The introduction of AI-driven services, such as the "Xiao Mei" AI assistant, enhances campus services by providing personalized support for various student and faculty needs [6][7]. - Collaboration with Huawei to advance AI applications in education is a significant strategic move, enhancing user experience and fostering innovation [8]. Company Overview - The latest closing price is 12.50 yuan, with a total market capitalization of 60 billion yuan and a circulating market value of 51 billion yuan [4]. - The company has a low debt-to-asset ratio of 18.0%, indicating strong financial health [4]. - The earnings per share (EPS) for 2024 is projected at 0.28 yuan, with a corresponding price-to-earnings (P/E) ratio of 44.73 [10][12]. Financial Projections - Revenue is expected to grow from 1,061 million yuan in 2023 to 1,512 million yuan by 2026, reflecting a compound annual growth rate (CAGR) of approximately 17.4% [12][15]. - The net profit attributable to the parent company is forecasted to increase from 107.51 million yuan in 2023 to 203.69 million yuan in 2026, with a growth rate of 22.59% in the final year [12][15]. - The company anticipates a steady improvement in its net profit margin, projected to reach 13.5% by 2026 [15].

Group 1: Company Overview - The company is a leading provider of information technology solutions for higher education in China, serving over 1,400 universities and holding a market share exceeding 40% [1][2] - The company focuses on digital transformation in educational institutions, utilizing a middle platform framework to enhance various application scenarios [2] Group 2: AI Product Strategy - The company adopts a To B model for its AI projects, primarily targeting higher education institutions [3][6] - Key AI applications in demand include intelligent question answering, smart processing, and data analysis, aimed at improving the efficiency of educational management systems [3][6] Group 3: Future Development Plans - The company implements a dual-track strategy in AI, offering SaaS, hybrid cloud, and fully localized deployment options [6] - Current AI-related business revenue is relatively low and has not significantly impacted overall performance, highlighting potential investment risks [6] Group 4: R&D Investment Focus - R&D investments are concentrated on hardware resources to support various model operations, aligning with domestic substitution trends [7][8] - The company collaborates with Zhengzhou University to address AI technical challenges, enhancing innovation and resource integration [8]

Group 1: Company Overview - Newcap is a leading company in the field of campus information technology, focusing on smart campus solutions and educational information systems [1][2] - The company has served over 1,400 universities, achieving a market share of over 40% [2] - It has built smart campus platforms in more than 200 universities, facilitating comprehensive digital transformation [2] Group 2: AI Integration and Advantages - Newcap has a strong customer base in 985 and 211 universities, allowing for effective integration of AI technologies into smart campus scenarios [3][5] - The company has developed proprietary AI models and maintains a robust AI team led by a PhD from Oxford University [3][6] - AI applications in education are still in the early stages, with universities eager to adopt AI for improved management and operational efficiency [6] Group 3: Product and Service Offerings - Newcap implements a dual-track strategy in AI, offering SaaS, hybrid cloud, and fully localized deployment models [6][7] - The company has developed various AI models for data analysis and decision-making, enhancing educational practices [6][7] - Current AI-related business revenue is relatively low and has not significantly impacted overall performance [7]

Company Overview - Newcap is a leading company in the field of information technology for higher education, focusing on smart campus solutions since its establishment in 2000 [1] - The company has served over 1,400 universities, achieving a market share of over 40% in the smart campus sector [1] - More than 200 universities have implemented the smart campus middleware developed by Newcap [1] Technology and Innovation - Newcap emphasizes self-developed hardware and software, expanding into various business scenarios while increasing investment in IoT, cloud computing, and AI technologies [2] - The company utilizes AI assistants like "Xiao Mei" to enhance information services for students and faculty, focusing on personalized learning experiences [2] - The application of AI products in education is primarily in intelligent Q&A, smart processing, and data inquiry, addressing customer pain points effectively [3] Market Trends and Risks - The trend of technology democratization presents both risks and opportunities for tech companies, particularly for small and medium enterprises [4] - Newcap maintains a competitive edge through differentiated technological innovation and localized deployment of private models, ensuring data security for educational institutions [4] - The demand for AI in higher education is gradually increasing, although practical applications are still in the early stages [5] Future Plans - Newcap plans to expand its AI products into various educational scenarios, including intelligent guidance, AI in administrative tasks, and payment systems [5] - The company aims to enhance the user experience of its AI platform and improve the efficiency of local deployments [5] - Collaboration with major tech companies like Alibaba and ByteDance is ongoing, focusing on integrating advanced models and cloud services [6]

Summary of New Cap's Conference Call Company Overview - New Cap primarily serves the information technology needs of higher education institutions, focusing on solutions such as campus card systems, smart campus platforms, and various management systems including academic, student, financial, payment, and employment management systems. The company generates approximately 1 billion yuan in annual revenue, with 60% to 70% from universities and 10% to 20% from government and enterprise sectors [3][5][31]. Market Position - New Cap is a leading player in China's smart campus sector, servicing 1,430 out of over 3,000 universities, capturing more than 10% market share in smart campus solutions [3][5]. The company has a strong presence in payment, financial, and academic management systems [5]. AI Integration and Development - New Cap is actively integrating AI technology into its products and services, having hired a chief scientist and formed a dedicated AI team. The company is adapting DeepSeek for enhanced academic support and data analysis capabilities [3][6]. - Plans for 2025 include restructuring ten educational scenarios and optimizing nearly one hundred business processes, focusing on AI and AR for growth [3][8]. - The company has launched the "New Factory" AI self-media application platform, providing intelligent services for B-end users in universities [3][11]. Collaborations and Partnerships - New Cap collaborates with major tech companies like ByteDance, Alibaba, and Tencent for cloud services and technical support, ensuring flexible solutions for clients [3][30]. AI in Education - The willingness of universities to invest in AI technology has significantly increased, with New Cap utilizing various data sources for model training to ensure compliance and support scientific decision-making [3][17]. - AI applications in universities are still in the early stages, primarily aiding teaching and research, with potential for significant growth in the coming years [15][20][21]. Future Outlook - New Cap anticipates substantial revenue growth from AI initiatives, projecting millions in income by 2025, although these efforts are still in exploratory phases [22]. - The company is focused on enhancing its AI capabilities across various educational management systems, ensuring data security and compliance [18][19]. Challenges and Competition - The rise of AI technology in education presents new competitive risks, as universities' own IT departments may become competitors. New Cap emphasizes the importance of data management and compliance to mitigate these risks [19][31]. Conclusion - New Cap is positioned as a pioneer in integrating AI into the education sector, with a stable performance foundation and a commitment to embracing technological advancements. The company aims to lead the industry in the future [31].

Group 1: Company Overview - Newcap is a leading company in the information technology sector for higher education in China, focusing on smart campus solutions since its establishment in 2000 [1][2]. - The company employs a T-shaped strategy for diversified development, leveraging its years of experience in the higher education sector to expand into related markets [2]. Group 2: Technological Innovations - Newcap integrates hardware and software innovations, covering everything from hardware to application software, to facilitate clients' digital transformation [2]. - The company invests in various technologies, including IoT, cloud computing, facial recognition, and AI, to enhance its smart campus solutions [2]. Group 3: AI Applications - Newcap actively explores AI integration in smart campus applications, emphasizing the value of "Experience+", "Ecosystem+", and "Intelligence+" [3]. - The company has developed AI products like the AI Employment Guidance Assistant and AI Learning Assistant to support students and faculty in various scenarios [3]. Group 4: Market Demand and Future Planning - There is a strong demand from universities for integrating AI into their information systems, indicating a clear market trend [5]. - Newcap plans to adopt a dual-track strategy for AI development, focusing on both product integration and innovation through a dedicated AI team [6]. Group 5: Future Outlook - The education information technology market is expected to grow significantly as hardware costs decrease and the integration of AI becomes more prevalent [7].

Group 1: Company Overview - Newcap is a leading company in the information technology sector for higher education in China, focusing on smart campus solutions since its establishment in 2000 [1][2]. - The company emphasizes a strategy of focused and related diversification, leveraging its integrated product innovation system that spans hardware, software, and comprehensive service capabilities [2][3]. Group 2: Technology and Product Development - Newcap invests heavily in technologies such as IoT, cloud computing, facial recognition, and AI, aiming to provide comprehensive smart campus solutions [2][3]. - The company has developed AI products like "Xiao Mei," which integrates advanced technologies to offer personalized services in various campus scenarios, although its revenue contribution is currently low [6][7]. Group 3: Market Position and Customer Base - Newcap holds a market share exceeding 40% in the 985 and 211 universities, providing a solid foundation for further exploration of AI technologies in smart campus construction [5][7]. - The company has established a mature sales and customer service system, with 31 provincial branches and 72 city offices across the country to enhance customer engagement [7]. Group 4: Future Prospects and Challenges - The integration of AI in smart campus projects is expected to significantly enhance value and investment returns as the technology continues to develop [6][7]. - The demand for educational information technology is primarily driven by schools, with increasing interest in AI solutions for campus information systems [7].

Core Viewpoint - The company XinKaipu is collaborating with Huawei to develop AI products, specifically the "Xiao Mei" AI assistant for campus life, utilizing advanced technologies such as large language models and voice recognition [1] Group 1: Product Development - XinKaipu has created the "Xiao Mei" AI product based on the Pangu and Tongyi Qianwen large models [1] - The AI assistant integrates digital human technology, voice recognition, semantic understanding, and capabilities like RAG/Agent/NL2SQL [1] Group 2: Application and Impact - "Xiao Mei" provides personalized AI learning path recommendations, business consultation, and efficient service in various campus scenarios such as student affairs management and employment guidance [1] - The product has received positive feedback from schools where it has been implemented, although its revenue contribution remains low and is not expected to significantly impact the company's overall performance [1]

新开普电子股份有限公司 关于收到软件产品增值税退税的公告 关于收到软件产品增值税退税的公告 证券代码：300248 证券简称：新开普 公告编号：2024-040 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。 特此公告。 新开普电子股份有限公司 董 事 会 二〇二四年十二月四日 第 1 页 共 1 页 根据中华人民共和国财政部、国家税务总局《关于软件产品增值税政策的通 知》（财税[2011]100 号）的规定，增值税一般纳税人销售其自行开发生产的软 件产品（含嵌入式软件），按规定税率征收增值税后，对其增值税实际税负超过 3%的部分实行即征即退政策。 经国家税务总局郑州高新技术产业开发区税务局核准同意，新开普电子股份 有限公司（以下简称"公司"）所属期为 2024 年 9 月-10 月的软件产品收入实际 税负超过 3%的部分享受即征即退的税收优惠政策，公司于 2024 年 12 月 4 日收 到上述软件产品增值税退税款共计 4,501,955.45 元。 根据企业会计准则相关规定，以上退税所得计入公司 2024 年度其他收益， 将对公司 2024 年度损益产生积 ...

证券代码：300248 证券简称：新开普 公告编号：2024-039 关于变更签字注册会计师的公告 新开普电子股份有限公司 关于变更签字注册会计师的公告 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。 新开普电子股份有限公司（以下简称"公司"）于 2024 年 4 月 24 日召开了第 六届董事会第十二次会议决议、第六届监事会第九次会议决议，于 2024 年 5 月 17 日召开了 2023 年年度股东大会，审议通过了《关于续聘立信会计师事务所（特 殊普通合伙）为新开普电子股份有限公司 2024 年度审计机构的议案》，同意续 聘立信会计师事务所（特殊普通合伙）（以下简称"立信"）为公司 2024 年度审 计机构，具体内容详见公司刊登在中国证监会指定创业板信息披露网站上的相关 公告。 公司于 2024 年 11 月 26 日收到立信出具的《关于签字注册会计师变更的说 明》，具体情况如下： 一、签字注册会计师变更情况 立信作为公司 2024 年度审计机构，原指派陈勇波先生（项目合伙人）、鲁 李先生为签字注册会计师为公司提供审计服务，郭顺玺先生作为公司质量控制复 核 ...