Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company is projected to achieve revenues of 27.42 billion, 32.69 billion, and 39.09 billion RMB for the years 2025, 2026, and 2027 respectively, with corresponding net profits of 2.34 billion, 3.24 billion, and 4.53 billion RMB [4] - The earnings per share (EPS) are expected to be 0.57, 0.79, and 1.11 RMB for the same years [4] - The current stock price corresponds to a price-to-earnings (PE) ratio of 52.3, 37.8, and 27.0 for the years 2025, 2026, and 2027 respectively [4] Revenue and Profit Forecast - The company’s revenue for 2023 is estimated at 2,254 million RMB, with a slight decline of 0.75% compared to the previous year [8] - Revenue growth is expected to recover with rates of 6.27%, 14.47%, 19.23%, and 19.56% for the years 2024 to 2027 [8] - The net profit for 2023 is projected at 254 million RMB, with a significant drop of 45.21% in 2024, followed by a recovery with growth rates of 67.84%, 38.42%, and 39.98% in the subsequent years [8] Financial Metrics - The diluted EPS is forecasted to be 0.620, 0.340, 0.570, 0.789, and 1.105 RMB from 2023 to 2027 [8] - The return on equity (ROE) is expected to improve from 9.58% in 2023 to 13.20% in 2027 [8] - The price-to-book (P/B) ratio is projected to be 3.36, 2.80, 4.12, 3.87, and 3.56 from 2023 to 2027 [8] Market Performance - The company reported a revenue of 23.95 billion RMB for FY24, reflecting a year-on-year growth of 6.27%, slightly below the lower end of the forecast [9] - The fourth quarter of FY24 showed a significant revenue increase of 20.70% year-on-year [9] - The overall gross margin for FY24 was 30.46%, down by 5.1 percentage points year-on-year, attributed to aggressive pricing strategies in a competitive market [9] Order and Client Dynamics - The company experienced a 16.65% year-on-year increase in orders for FY24, with new client contracts accounting for 32% of total orders [9] - Orders from state-owned enterprises surged by over 300% year-on-year, while self-developed software orders grew by 11.3% [9] Cost Management - Operating expenses (OpEx) were tightly controlled, with research and development, sales, and management expense ratios at 11.0%, 6.7%, and 5.5% respectively for FY24 [9] - The increase in management expense ratio was due to optimization of inefficient positions and strengthening of core talent [9] Strategic Initiatives - The company has established international operations in Hong Kong and plans to expand into Japan and Europe by 2025 [9] - Progress in AI and PCB business segments is promising, with a 35% year-on-year increase in orders for FY24 [9] - Ongoing collaboration with Huawei is yielding successful market applications of their industrial data model products [9]

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company is expected to achieve revenue of 27.42 billion, 32.69 billion, and 39.09 billion RMB for the years 2025 to 2027, respectively, with corresponding net profits of 2.34 billion, 3.24 billion, and 4.53 billion RMB [4] - The earnings per share (EPS) are projected to be 0.57, 0.79, and 1.11 RMB for the same years [4] - The current stock price corresponds to a price-to-earnings (PE) ratio of 52.3, 37.8, and 27.0 for the years 2025, 2026, and 2027, respectively [4] Revenue and Profit Forecast - The company’s revenue for 2023 is estimated at 2,254 million RMB, with a slight decline of 0.75% compared to the previous year [8] - Revenue growth is expected to recover with rates of 6.27%, 14.47%, 19.23%, and 19.56% for the years 2024 to 2027 [8] - The net profit for 2023 is projected at 254 million RMB, with a significant drop of 45.21% in 2024, followed by a recovery with growth rates of 67.84%, 38.42%, and 39.98% for the subsequent years [8] Financial Metrics - The diluted EPS is forecasted to be 0.620, 0.340, 0.570, 0.789, and 1.105 RMB from 2023 to 2027 [8] - The return on equity (ROE) is expected to improve from 9.58% in 2023 to 13.20% in 2027 [8] - The price-to-book (P/B) ratio is projected to be 3.36, 2.80, 4.12, 3.87, and 3.56 from 2023 to 2027 [8] Market Performance - The company reported a revenue of 23.95 billion RMB for FY24, reflecting a year-over-year increase of 6.27%, although slightly below the lower end of the forecast [9] - The fourth quarter of FY24 showed a significant revenue increase of 20.70% year-over-year [9] - The overall gross margin for FY24 was 30.46%, down by 5.1 percentage points compared to the previous year [9] Strategic Developments - The company has established international operations in Hong Kong and plans to expand into Japan and Europe by 2025 [9] - The collaboration with Huawei continues to progress, with successful commercialization of products based on Huawei's industrial data model [9]

Core Viewpoint - The company, Saiyi Information, reported stable growth in its 2024 annual performance, with revenue reaching 2.395 billion yuan, a year-on-year increase of 6.27%, and a significant rise in orders and customer base, indicating resilience and strategic focus in a challenging market environment [1][2]. Financial Performance - Revenue for 2024 was 2.395 billion yuan, reflecting a 6.27% year-on-year growth [1]. - Total orders increased by 16.65% year-on-year, with the total number of customers surpassing 1,120, marking a 22.87% growth [1]. - New customer contracts accounted for 32% of total orders, with self-developed software license sales exceeding 230 million yuan, up 11.3% year-on-year [1]. Market Expansion - The company achieved over 300% year-on-year growth in orders from state-owned enterprises, particularly in northern markets [2]. - Significant progress was made in the PCB and semiconductor sectors, with AI model orders in the PCB industry exceeding 13 million yuan, a 35% increase year-on-year [3]. R&D and Innovation - R&D expenditure reached 365 million yuan, constituting 15.24% of total revenue, with 2,178 R&D personnel [3]. - The company holds 679 software copyrights and 34 invention patents, underscoring its commitment to innovation [3]. - The introduction of the "善谋GPT" platform integrates generative AI with ERP systems, enhancing business process efficiency [4][6]. Product and Service Development - The company is focusing on a dual strategy of "product transformation + service deepening," leading to structural breakthroughs in its business model [2]. - In the intelligent manufacturing sector, revenue reached 990 million yuan, a 19.33% increase, accounting for 41.34% of total revenue [6]. - The "善谋GPT" platform addresses the "last mile" challenge in AI application, facilitating seamless integration with various business systems [6]. Future Outlook - The company aims to continue leveraging technological innovation to support the digital transformation of manufacturing, contributing to high-quality economic development in China [7].

Company Overview - Guangzhou Saiyi Information Technology Co., Ltd. is a high-tech enterprise focused on digital transformation and industrial management software, celebrating its 20th anniversary in 2025 [5][6] - The company has evolved from an ERP implementation service provider to an industrial software practitioner and digital empowerment enabler, offering a complete product and service system covering the entire lifecycle of enterprise digitalization [5][6] Business Model and Services - The main business includes digital planning, process consulting, management application software, and intelligent manufacturing solutions, providing end-to-end system solutions [7][8] - The company has developed a comprehensive suite of industrial management software products, including Advanced Planning and Scheduling (APS), Manufacturing Execution Systems (MES), and Intelligent Warehouse and Logistics (WMS) [19][20] Technological Advancements - The company has invested in AI technology since 2022, integrating AI into various business scenarios to assist enterprises in achieving intelligent transformation [6][12] - The proprietary "Shanmo GPT" AI platform integrates knowledge across supply chain, production, finance, and other fields, enhancing enterprise process management and automation [13][14] Market Position - Saiyi Information ranks first in market share in the intelligent manufacturing sector within high-tech electronics, home appliances, and photovoltaic industries, as per IDC data [6] - The company maintains long-term partnerships with leading enterprises such as Huawei and Midea, demonstrating high customer loyalty [9] Financial Performance - The company has a robust financial structure, with a standard unqualified audit opinion from Tianjian Accounting Firm for the current reporting period [3][41] - The profit distribution plan approved by the board includes a cash dividend of 0.7 yuan per 10 shares, indicating a commitment to returning value to shareholders [4] Future Outlook - The company aims to continue driving technological innovation and meeting customer needs, contributing to the high-quality development of China's economy [9][12] - The focus will remain on enhancing AI capabilities and expanding international markets, particularly through the establishment of overseas business centers [6][12]

2024 年度内部控制评价报告 证券代码：300687 证券简称：赛意信息 公告编号：2025-032 广州赛意信息科技股份有限公司 2024 年度内部控制评价报告 广州赛意信息科技股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要 求（以下简称"企业内部控制规范体系"），结合广州赛意信息科技股份有限公司 （以下简称"公司"）内部控制制度和评价办法，在内部控制日常监督和专项监 督的基础上，我们对公司2024年12月31日（内部控制评价报告基准日）的内部控 制有效性进行了评价。 一、重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其 有效性，并如实披露内部控制评价报告是公司董事会的责任。监事会对董事会建 立和实施内部控制进行监督。经理层负责组织领导企业内部控制的日常运行。公 司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存在任何虚假 记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个 别及连带法律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及 相关信息真实完整，提高经营效率和效果，促进实 ...

证券代码：300687 证券简称：赛意信息 公告编号：2025-038 关于思诺博 2024 年业绩承诺完成情况的公告 广州赛意信息科技股份有限公司 关于思诺博 2024 年业绩承诺完成情况的公告 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。 广州赛意信息科技股份有限公司（以下简称"公司"、"本公司"或"赛意 信息"）全资子公司上海赛意信息技术有限公司（以下简称"上海赛意"）于 20 23 年 11 月完成收购北京思诺博信息技术有限公司（以下简称"思诺博"）100% 股权，公司就思诺博 2024 年业绩承诺实现情况说明如下： 一、交易情况概述 思诺博系经北京市工商行政管理局批准，由自然人曾付贵、童志勇、胡英、 陈宁投资设立，于 2004 年 10 月 14 日在北京市工商行政管理局登记注册，总部位 于北京市。思诺博现持有统一社会信用代码为 911100007675082057 的营业执照， 注册资本 80,010,000.00 元。主要经营活动为计算机软件的技术开发和销售，企 业管理咨询。 2023 年上海赛意与思诺博原股东东台市智思博信息技术服务中心(有限 ...

关于续聘公司 2025 年度审计机构的公告 证券代码：300687 证券简称：赛意信息 公告编号：2025-035 广州赛意信息科技股份有限公司 关于续聘公司 2025 年度审计机构的公告 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。 广州赛意信息科技股份有限公司（以下简称"公司"）于 2025 年 4 月 23 日 召开的第四届董事会第二次会议、第四届监事会第二次会议审议通过了《关于续 聘公司 2025 年度审计机构的议案》，同意公司续聘天健会计师事务所（特殊普 通合伙）（以下简称"天健"）担任公司 2025 年度审计机构。本议案尚需提交 公司 2024 年度股东大会审议，现将相关事项公告如下： 一、拟续聘会计师事务所的情况说明 天健具备从事证券、期货相关业务的执业资格，具备为公司提供审计服务的 经验与能力。天健在为公司提供 2024 年年度审计工作过程中恪尽职守、勤勉尽 责，能够秉持客观、公允、公正的态度，表现出了良好的职业操守和业务素质， 较好地完成了公司委托的各项任务。基于天健丰富的审计经验和良好的职业素 养，同时为保持审计工作的连续性，经审计委员会 ...

2024 年度监事会工作报告 证券代码：300687 证券简称：赛意信息 公告编号：2025-029 广州赛意信息科技股份有限公司 2024 年度监事会工作报告 （10）《关于2024年度日常关联交易预计的议案》； 广州赛意信息科技股份有限公司全体股东： 2024年公司监事会在全体监事的共同努力下，根据《公司法》《证券法》等 有关法律法规以及《公司章程》的规定，对照公司《监事会议事规则》，本着对 全体股东负责的精神，认真履行有关法律、法规赋予的职权，积极有效地开展工 作，对公司依法运作情况和公司董事、高级管理人员履行职责情况进行监督，维 护公司及股东的合法权益。 一、报告期内监事会会议召开情况 （一）报告期内，公司召开了9次监事会会议。会议的通知、召集、召开和 表决程序均符合有关法律法规和《公司章程》的规定，具体情况如下： 1、公司第三届监事会第二十次会议于2024年3月11日在公司会议室以通讯方 式召开，会议审议通过了如下议案： （1）《关于全资子公司向银行申请并购贷款授信额度并由公司提供担保事 项的议案》。 2、公司第三届监事会第二十一次会议于2024年4月24日在公司会议室以现场 结合通讯方式召开，会议 ...

证券代码：300687 证券简称：赛意信息 广州赛意信息科技股份有限公司 2024 年度非经营性资金占用及其他关联资金往来情况汇总表 编制单位：广州赛意信息科技股份有限公司 单位：人民币元 | 非经营性资金 占用 | 资金占用方名称 | | 占用方与上市公 司的关联关系 | 上市公司核 算的会计科 | 2024 初占用资 | 年期 | 2024 年度占 用累计发生 金额（不含 | 2024 | 年度占 用资金的利 | 2024 还累计发生 | 年度偿 | 2024 末占用资金 | 年期 | 占用形成 原因 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 目 | 金余额 | | 利息） | 息（如有） | | 金额 | | 余额 | | | | | 控股股东、实 际控制人及其 | | | | | | | | | | | | | - | | 非经营性占用 | | 附属企业 | | | | | | | | | | | | | - | ...

广州赛意信息科技股份有限公司 2024 年度董事会工作报告 证券代码：300687 证券简称：赛意信息 公告编号：2025-028 2024 年度董事会工作报告 广州赛意信息科技股份有限公司全体股东： 2024年公司董事会在全体董事的共同努力下，根据《公司法》《证券法》等 有关法律法规以及《公司章程》的规定，按照公司《董事会议事规则》的要求， 本着对全体股东负责的精神，认真履行有关法律、法规赋予的职权，积极有效地 开展工作，不断完善公司治理，提升规范运作水平，推动公司各项业务健康发展， 维护公司及股东的合法权益。 一、报告期内董事会会议召开情况 报告期内，公司共召开了九次董事会会议。会议的通知、召集、召开和表决 程序均符合有关法律法规和《公司章程》的规定，具体情况如下： （一）公司第三届董事会第二十三次会议于2024年3月11日在公司办公地以 通讯方式召开，会议审议通过了如下议案： 1、《关于全资子公司向银行申请并购贷款授信额度并由公司提供担保事项 的议案》； 2、《关于控股子公司拟购买土地使用权并建设华东研发总部的议案》。 （二）公司第三届董事会第二十四次会议于2024年4月24日在公司办公地以 现场结合通 ...