Revenue and Profit Performance - Revenue for the third quarter reached 231.43 million yuan, a year-on-year increase of 34.50%[3] - Net profit attributable to shareholders of the listed company was -60.99 million yuan, a year-on-year decrease of 3.53%[3] - Operating income for the period reached 776.36 million RMB, up from 683.37 million RMB, a 13.6% increase[20] - Net profit for the period was -109.96 million RMB, compared to -40.56 million RMB in the previous period, indicating a 171.1% increase in losses[21] - Basic earnings per share (EPS) were -0.27, down from -0.10 in the previous period[22] Asset and Liability Changes - Total assets as of the end of the reporting period were 8.77 billion yuan, an increase of 61.42% compared to the end of the previous year[3] - Total assets increased to 8.77 billion RMB from 5.43 billion RMB, a significant growth of 61.4%[18] - Total liabilities rose to 6.96 billion RMB from 3.58 billion RMB, marking a 94.6% increase[19] - The company's total assets increased from 3,496,505,073.00 yuan at the beginning of the period to 6,674,168,504.00 yuan at the end of the period, with a significant increase in monetary funds from 2,569,531,060.00 yuan to 5,558,100,450.00 yuan[17] - The company's monetary funds increased by 116.31% to 5.56 billion yuan, primarily due to increased customer deposits in brokerage business[7] Cash Flow and Financial Activities - Net cash flow from operating activities for the first nine months was 3.09 billion yuan, a year-on-year increase of 187.05%[9] - Operating cash flow increased to 3,094,832,428 yuan, up from 1,078,169,398 yuan in the previous period[23] - Sales of goods and services generated 607,267,400 yuan in cash, a decrease from 646,505,472 yuan in the previous period[23] - Cash received from interest and commissions rose to 205,858,586 yuan, compared to 100,197,624 yuan in the previous period[23] - Cash received from securities trading surged to 3,079,015,977 yuan, up from 1,077,230,264 yuan in the previous period[23] - Investment cash inflow reached 3,196,332,755 yuan, a significant increase from 1,014,997,228 yuan in the previous period[23] - Cash outflow for investments was 3,377,719,042 yuan, compared to 1,313,386,065 yuan in the previous period[24] - Net cash flow from financing activities was 261,898,797 yuan, up from 136,538,905 yuan in the previous period[24] - Total cash and cash equivalents at the end of the period stood at 5,985,983,048 yuan, compared to 2,278,482,710 yuan in the previous period[24] Brokerage and Financial Services - Interest income increased by 92.70% to 45.86 million yuan, driven by growth in brokerage business[9] - Commission and fee income increased by 125.92% to 135.14 million yuan, also due to growth in brokerage business[9] - Investment income rose by 116.08% to 87.25 million yuan, mainly from securities proprietary trading business[9] - The company's brokerage and proprietary business at Maigo Securities saw a 125.92% YoY increase in net commission income to 135 million yuan and a 92.70% YoY increase in net interest income to 46 million yuan[15] Shareholder and Equity Information - The number of ordinary shareholders at the end of the reporting period was 50,771[10] - Guangzhou Zhanxin Communication Technology Co., Ltd. holds 40.45% of the shares, making it the largest shareholder[10] - The company's 2022 stock option incentive plan saw 531,192 options exercised by the end of the reporting period, with 3,367,508 options remaining unexercised[16] Financial Information Service Business - The company's financial information service business is highly correlated with the capital market's performance, and the total transaction volume of the securities market in the first three quarters of 2024 decreased compared to the same period last year, negatively impacting the business[14] - The company's financial information service business experienced a significant increase in registered and paying users, with advertising and network promotion expenses rising year-over-year, affecting profits[14] Intangible Assets and Development Expenditure - Intangible assets grew to 66.57 million RMB from 60.38 million RMB, a 10.3% increase[18] - Development expenditure remained unchanged, with no new entries recorded[18] - Goodwill remained stable at 1.29 billion RMB, showing no change from the previous period[18] - Long-term prepaid expenses increased to 17.24 million RMB from 10.10 million RMB, a 70.7% rise[18] - Deferred tax assets grew to 146.86 million RMB from 127.72 million RMB, a 15.0% increase[18]

证券代码：300803 证券简称：指南针 公告编号：2024-049 北京指南针科技发展股份有限公司 股票交易严重异常波动公告 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。 特别风险提示： 1. 公司股票连续九个交易日（2024 年 9 月 19 日至 2024 年 10 月 8 日）收 盘价格涨幅偏离值累计达到 106.24%。根据《深圳证券交易所交易规则》相关规 定，属于股票交易严重异常波动的情况。 2. 公司股价短期内大幅上涨，可能存在非理性炒作等情形；公司近期股票 换手率及成交量明显放大，可能存在股价大幅上涨后回落的风险。公司郑重提醒 广大投资者注意二级市场交易风险，理性决策，审慎投资。 一、股票交易严重异常波动的情况介绍 为； 6.公司不存在违反公平信息披露规定的情形。 针对公司股票交易严重异常波动的情况，公司董事会对公司、控股股东及实 际控制人就相关问题进行了核实，现就相关情况说明如下： 1.公司前期披露的信息不存在需要更正、补充之处； 2.公司未发现近期公共传媒报道了可能或已经对公司股票交易价格产生较 大影响的未公开重大信息； 3.公司目前的经 ...

证券代码：300803 证券简称：指南针 公告编号：2024-048 北京指南针科技发展股份有限公司 股票交易异常波动公告 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。 3.公司目前的经营情况及内外部经营环境未发生重大变化； 4.公司、控股股东及实际控制人不存在关于公司应披露而未披露的重大事项， 或处于筹划阶段的重大事项； 5.股票异常波动期间，不存在控股股东、实际控制人买卖公司股票的行为； 6.公司不存在违反公平信息披露规定的情形。 三、不存在应披露而未披露信息的说明 一、股票交易异常波动的情况介绍 北京指南针科技发展股份有限公司（以下简称"公司"）股票交易价格于 2024 年 9 月 24 日、9 月 25 日及 9 月 26 日连续三个交易日收盘价格涨幅偏离值累计 达到 35.26%，根据《深圳证券交易所交易规则》相关规定，属于股票交易异常 波动的情况。 二、公司关注并核实情况 针对公司股票交易异常波动情况，公司董事会对公司、控股股东及实际控制 人就相关问题进行了核实，现就相关情况说明如下： 1.公司前期披露的信息不存在需要更正、补充之处； 2.公司未 ...

2024 年 09 月 03 日 公司研究 评级：增持(维持) 研究所： 证券分析师： 孙嘉赓 S0350523120002 sunjg@ghzq.com.cn [Table_Title] 市场下行叠加逆势费用投放，业绩短期承压，关 注后续定增落地情况 最近一年走势 | --- | --- | --- | --- | |---------------------|-------|-------|-------------| | 相对沪深 300 | 表现 | | 2024/09/03 | | | | | | | | | | | | 市场数据 | | | 2024/09/03 | | 当前价格（元） | | | 33.82 | | 52 周价格区间（元） | | | 33.14-66.29 | | 总市值（百万） | | | 13,831.60 | | 流通市值（百万） | | | 13,670.05 | | 总股本（万股） | | | 40,897.68 | | 流通股本（万股） | | | 40,420.01 | | 日均成交额（百万） | | | 194.76 | | 近一月换手（ | %） | | 2. ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [4] Core Insights - The company, Guide Compass, reported a total revenue of 545 million yuan for H1 2024, representing a year-on-year increase of 6.58%. However, the net profit attributable to shareholders was -49 million yuan, a significant decline of 366.48% year-on-year. The decline in trading activity has impacted the company's financial information service revenue, but recovery is expected with market improvement. The securities business is developing positively, with potential for synergy with the main business [2][6]. Summary by Sections Financial Performance - In H1 2024, the financial information service revenue was 423 million yuan, down 4.4% year-on-year, primarily due to a sluggish securities market. The total trading volume in the A-share market decreased compared to the same period last year. The company has increased brand promotion and customer acquisition efforts, resulting in a nearly 50% year-on-year growth in new paid users for its financial information services [6]. Securities Business - The securities business, operated through Maigao Securities, achieved revenue of 164 million yuan in H1 2024, a year-on-year increase of 119%. The breakdown of revenue includes brokerage income of 82.22 million yuan, net interest income of 27.49 million yuan, and net investment income of 55.02 million yuan, with respective year-on-year growth rates of 138%, 108%, and 64%. By the end of H1 2024, Maigao Securities had 3.622 billion yuan in client securities trading, an increase of 78.31% from the end of 2023 [6]. Cost and Expense Management - The company has increased its investment in the securities business, leading to a rise in expense ratios. In H1 2024, the sales, management, and R&D expense ratios were 57.5%, 34.4%, and 13.9%, respectively, reflecting increases of 7.6, 6.7, and 1.7 percentage points year-on-year. The rise in R&D expenses is attributed to ongoing IT development efforts at Maigao Securities [6]. Revenue and Profit Forecast - The revenue forecast for the company is adjusted downward due to anticipated slow recovery in trading activity. Projected revenues for 2024-2026 are 1.005 billion yuan, 1.095 billion yuan, and 1.242 billion yuan, with year-on-year growth rates of 2%, 9%, and 13%, respectively. The net profit attributable to shareholders is expected to be 158 million yuan, 175 million yuan, and 207 million yuan for the same period, with growth rates of 117%, 11%, and 18%, respectively. The earnings per share (EPS) are projected to be 0.39 yuan, 0.43 yuan, and 0.51 yuan [6][7].

证券研究报告·公司点评报告·非银金融 指南针（300803） 2024 年半年报点评：麦高证券高速发展，软 件销售相对稳健 2024 年 08 月 31 日 增持（维持） | --- | --- | --- | --- | --- | --- | |------------------------------|--------|------------------------------------|--------|--------|--------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | | 1,255 1,113 1,278 1,824 2,862 | | | | | 同比（ % ） | 58.95% | -11.33% | 14.81% | 42.74% | 56.92% | | 归母净利润（百万元） | | 103 73 73 87 105 | | | | | 同比（ % ） | 24.65% | -78.54% | 0.89% | 19.13% | 20.24% | | EPS- ...

北京指南针科技发展股份有限公司 2024 年半年度报告 2024 年 08 月 北京指南针科技发展股份有限公司 2024 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人冷晓翔、主管会计工作负责人郑勇及会计机构负责人(会计主 管人员)刘耀坤声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 | --- | |----------------------------------------------------------------------| | | | 本报告中如有涉及未来计划等前瞻性陈述，同时附有相应的警示性陈述， | | 均不构成本公司对任何投资者及相关人士的实质承诺，投资者及相关人士均 | | 应对此保持足够的风险认识，并且应当理解计划、预测与承诺之间的差异。 | | 公司主要存在市场波动引致经营业绩变动的风险、现有业务受行业监管 | | 政策变动影响的风险、专业技术人员流失的风险、 ...

证券代码：300803 证券简称：指南针 公告编号：2024-045 北京指南针科技发展股份有限公司 第十三届董事会第二十九次会议决议公告 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。 一、董事会会议召开情况 1.北京指南针科技发展股份有限公司（以下简称"公司"）于 2024 年 8 月 19 日以邮件方式发出第十三届董事会第二十九次会议通知。 2.本次董事会于 2024 年 8 月 29 日以通讯方式召开。 3.本次董事会由董事长顿衡先生主持，本次会议应出席会议的董事 7 人，实 际出席会议的董事 7 人。 本议案已经董事会审计委员会审议通过。 表决结果：同意 7 票；反对 0 票；弃权 0 票。 二、董事会会议审议情况 本次会议以记名方式投票表决，审议通过以下事项： （一）审议通过《2024 年半年度报告及摘要》 具体内容详见公司于同日在巨潮资讯网（http://www.cninfo.com.cn）披露的 《2024 年半年度报告》以及《2024 年半年度报告摘要》（公告编号：2024-047）。 本议案已经董事会审计委员会及独立董事专门会议审议通过。 ...

证券代码：300803 证券简称：指南针 公告编号：2024-046 北京指南针科技发展股份有限公司 第十四届监事会第二十一次会议决议公告 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。 二、监事会会议审议情况 本次会议以记名方式投票表决，审议通过以下事项： （一）审议通过《2024 年半年度报告及摘要》 经审核，监事会认为董事会编制和审核的公司 2024 年半年度报告及摘要的 程序符合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反 映了公司的实际情况，不存在虚假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 1.北京指南针科技发展股份有限公司（以下简称"公司"）于 2024 年 8 月 19 日以邮件方式发出第十四届监事会第二十一次会议通知。 2.本次监事会于 2024 年 8 月 29 日以通讯方式召开。 3.本次监事会由监事会主席税翎女士主持，本次会议应出席会议的监事 3 人， 实际出席会议的监事 3 人。 4.本次监事会会议的召集、召开符合有关法律、行政法规、部门规章、规范 性文件和《公司章程》的规定。 具体内容详见公司于同日在巨 ...

证券代码：300803 证券简称：指南针 公告编号：2024-043 北京指南针科技发展股份有限公司 第十三届董事会第三十次会议决议公告 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。 （一）审议通过《关于豁免董事会会议通知期限的议案》 全体董事一致同意豁免本次董事会会议提前 3 日通知的程序，一致同意于 2024 年 8 月 22 日召开本次董事会。 表决结果：同意 7 票；反对 0 票；弃权 0 票。 （二）审议通过《关于公司向银行申请综合授信额度的议案》 一、董事会会议召开情况 1.北京指南针科技发展股份有限公司（以下简称"公司"）于 2024 年 8 月 21 日以邮件方式发出第十三届董事会第三十次会议通知。 2.本次董事会于 2024 年 8 月 22 日以通讯方式召开。 3.本次董事会由董事长顿衡先生主持，本次会议应出席会议的董事 7 人，实 际出席会议的董事 7 人。 4.本次董事会会议的召集、召开符合有关法律、行政法规、部门规章、规范 性文件和《公司章程》的规定。 二、董事会会议审议情况 本次会议以记名方式投票表决，审议通过以下事项： 2024 ...