中国东方红卫星股份有限公司 600118 2015 年半年度报告 二○一五年八月二十六日 中国东方红卫星股份有限公司 2015 年半年度报告 一、本公司董事会、监事会及董事、监事、高级管理人员保证本报告内容的真实、 准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法 律责任。 二、公司董事均出席董事会会议。 三、本公司半年度财务报告未经审计。 四、公司董事长李开民先生、总裁闫忠文先生、主管会计工作负责人李远女士及 会计机构负责人李淑花女士声明：保证本报告中财务报告的真实、完整。 五、前瞻性陈述的风险声明 本报告中所涉及的发展战略、经营计划等前瞻性陈述不构成公司对投资者的 实质承诺，敬请投资者注意投资风险。 六、公司不存在被控股股东及其关联方非经营性占用资金情况。 七、公司不存在违反规定决策程序对外提供担保的情况。 八、根据国防科技工业局、中国人民银行、中国证券监督管理委员会科工财审 （2008）702 号《军工企业对外融资特殊财务信息披露管理暂行办法》，对于涉 密信息，在本报告中采用代称、打包或者汇总等方式进行了脱密处理。 重要提示 中国东方红卫星股份有限公司 董事长：李开民 2015 年 ...

Financial Performance - Operating revenue for the first quarter was ¥848,427,415.07, a decrease of 3.12% year-on-year[9]. - Net profit attributable to shareholders was ¥60,795,957.22, representing an increase of 18.15% compared to the same period last year[9]. - Basic earnings per share rose to ¥0.05, an increase of ¥0.01 compared to the previous year[9]. - Total operating revenue for Q1 2015 was CNY 848,427,415.07, a decrease of 3.7% compared to CNY 875,745,993.14 in the same period last year[41]. - Net profit for Q1 2015 increased to CNY 60,675,775.73, up 15.5% from CNY 52,723,320.50 year-on-year[41]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥301,727,482.02, an improvement of 26.22% compared to the previous year[9]. - The company reported a decrease in cash flow from operating activities, but the decline was less severe than in the previous year[9]. - The net cash flow from operating activities for Q1 2015 was -12,281,748.71 RMB, compared to -4,200,656.36 RMB in the same period last year, indicating a decline in operational performance[49]. - The total cash outflow from operating activities was 18,732,029.18 RMB, slightly lower than 20,487,431.92 RMB in the same quarter last year[49]. - The company experienced a net decrease in cash and cash equivalents of -170,898,445.75 RMB in Q1 2015, compared to -35,018,261.17 RMB in the same period last year[49]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,170,825,075.63, an increase of 4.49% compared to the end of the previous year[9]. - Total liabilities rose to CNY 4,087,666,705.24 from CNY 3,827,928,109.91, indicating an increase of approximately 6.8%[35]. - The company's total equity reached CNY 5,083,158,370.39, compared to CNY 4,948,539,801.70 at the beginning of the year, marking an increase of about 2.7%[35]. - Accounts receivable increased by 21.88% to RMB 2.91 billion, indicating a rise in credit sales[15]. - Inventory levels increased to CNY 679,783,016.98 from CNY 571,110,703.48, reflecting a rise of approximately 19.0%[33]. Investments and Expenditures - The company reported an increase in development expenditures by 121.01%, totaling RMB 130.73 million, driven by investments in aerospace technology applications[15][18]. - The company completed a capital increase of RMB 200 million to its subsidiary, Aerospace Star Technology, for the satellite application system integration platform project[23]. - The company incurred a significant investment payment of 210,200,000.00 RMB in Q1 2015, compared to 47,100,000.00 RMB in Q1 2014, indicating aggressive investment strategies[49]. Shareholder Information - The total number of shareholders at the end of the reporting period was 81,094[13]. - The largest shareholder, China Aerospace Science and Technology Corporation, held 51.71% of the shares[13]. Regulatory Commitments - The company guarantees that it will not engage in the development and application of small satellites under 1000 kg using proprietary technology from CAST968, ensuring no competition with Aerospace Dongfanghong Satellite Co., Ltd. from October 17, 2002, onwards[27]. - The company has committed to avoiding any new competitive situations with China Satellite as a result of asset acquisitions, effective from June 18, 2007, with a long-term validity[27]. - The company will notify China Satellite in writing of any business opportunities that may compete with China Satellite and will provide these opportunities on terms no less favorable than those offered to any independent third party[28]. - The company has established that any violations of commitments causing losses to China Satellite will result in compensation obligations[28]. - The commitments will remain effective until certain conditions are met, including the company's equity in China Satellite falling below 30%[28].

中国东方红卫星股份有限公司 600118 2014 年年度报告 二○一五年三月二十日 中国东方红卫星股份有限公司 2014 年年度报告 重要提示 一、本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带 的法律责任。 二、公司董事均出席董事会会议。 三、瑞华会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计 报告。 四、公司董事长李开民先生、总裁闫忠文先生、主管会计工作负责人王黎女士及 会计机构负责人李淑花女士声明：保证本年度报告中财务报告的真实、准确、完 整。 五、经董事会审议的报告期利润分配预案或公积金转增股本预案 经瑞华会计师事务所（特殊普通合伙）审计，公司 2014 年度实现归属于上 市公司股东的净利润（合并）35,635.04 万元，2014 年期末可供股东分配的利润 （合并）143,177.63 万元，母公司可供股东分配的利润为 12,699.34 万元。2014 年期末资本公积余额（合并）161,269.72 万元，母公司资本公积余额为 151,438.68 万元。 根据上述经营情况，公司拟实施的利 ...

2014 年第三季度报告 中国东方红卫星股份有限公司 2014 年第三季度报告 1 / 22 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 12 | 2014 年第三季度报告 一、 重要提示 1.4 本公司第三季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | | | 本报告期末比上年度末增 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 减(%) | | | | | 总资产 | 9,444,634,355.58 | 7,914,494,192.31 | | | | | 19.33 | | | 归属于上市公司股 | 4,165,133,193.43 | 4,049,787,502.75 | | | | | | 2.85 | | 东的净资产 | | | ...

Financial Performance - The company's operating revenue for the first half of 2014 was CNY 2,206,432,308.81, representing a 6.26% increase compared to CNY 2,076,438,155.86 in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2014 was CNY 159,516,853.23, an increase of 8.82% from CNY 146,590,449.98 in the previous year[22]. - The total profit for the period was CNY 188,178,690.45, reflecting a growth of 5.33% compared to CNY 178,652,123.90 in the previous year[41]. - Operating profit reached 17,957.05 million yuan, reflecting a growth of 5.63% year-on-year[32]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the first half of 2014, representing a 20% year-over-year growth[96]. - Net profit for the first half of 2014 reached RMB 176,574,224.08, representing a year-on-year increase of 6.4% from RMB 165,769,214.13[129]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 8,915,697,659.54, reflecting a 12.65% increase from CNY 7,914,494,192.31 at the end of the previous year[22]. - The company's total liabilities reached RMB 4,232,755,156.47, up from RMB 3,343,198,200.41, indicating an increase of about 26.6%[121]. - The total equity attributable to shareholders of the listed company was RMB 4,104,790,248.39, compared to RMB 4,049,787,502.75 at the beginning of the year, reflecting a slight increase of approximately 1.4%[121]. - Accounts receivable rose significantly to RMB 3,316,350,818.69 from RMB 1,969,983,401.89, marking an increase of approximately 68.4%[120]. - The cash and cash equivalents decreased to RMB 3,310,211,736.50 from RMB 3,850,260,840.59, a decline of about 14%[120]. Cash Flow - The company reported a net cash flow from operating activities of CNY -373,747,836.29, an improvement from CNY -394,499,329.73 in the same period last year[22]. - Cash inflow from financing activities totaled 337,235,705.53 RMB, compared to 242,538,282.45 RMB, marking an increase of about 39.1%[134]. - The net cash flow from financing activities was -110,123,650.69 RMB, worsening from -57,361,005.05 RMB in the previous period[134]. - The total cash inflow from operating activities was 790,286,770.50 RMB, down from 811,131,488.30 RMB, representing a decrease of about 2.5%[134]. Shareholder Information - The total share capital of China Dongfanghong Satellite Co., Ltd. remained unchanged at 1,182,489,135 shares during the reporting period[104]. - The number of shareholders reached 85,949 by the end of the reporting period[109]. - The largest shareholder, China Aerospace Science and Technology Corporation Fifth Research Institute, holds 611,520,616 shares, accounting for 51.71% of total shares[109]. - The company distributed cash dividends of 0.8 RMB per 10 shares, totaling 94.6 million RMB for the 2013 fiscal year[67]. Research and Development - Research and development expenses amounted to CNY 22,633,693.29, up 7.86% from CNY 20,985,168.27 in the same period last year[41]. - The company is focusing on expanding its market presence and enhancing its product offerings, as indicated by the ongoing investments in new technologies and product development[133]. - The satellite manufacturing business maintained a 100% completion rate for key production tasks, successfully launching the Practice XI No. 06 satellite[33]. Governance and Compliance - The governance structure has been strengthened, ensuring adherence to legal regulations and enhancing decision-making processes within the board[99]. - The company has established a commitment to transparency in financial reporting and information disclosure, aligning with best practices in corporate governance[99]. - No penalties or corrective actions were reported for the company or its executives during the reporting period, indicating compliance with regulatory requirements[98]. Market Expansion and Strategy - The company is expanding its market presence, targeting a 10% increase in market share within the next year through strategic partnerships and marketing initiatives[96]. - There are ongoing discussions regarding potential mergers and acquisitions to enhance technological capabilities and market reach, with a focus on companies in the aerospace sector[97]. - The company has committed to reducing operational costs by 15% over the next year through efficiency improvements and cost management strategies[96]. Investment and Capital Structure - The company completed a share placement in August 2013, increasing its total share capital from 916,598,774 shares to 1,182,489,135 shares[23]. - The registered capital of the subsidiary Aerospace Dongfang Hong was increased from CNY 31,000 million to CNY 43,000 million following a capital injection of CNY 385 million[57]. - The company has undergone several capital increases over the years, with the most recent being a share placement that raised RMB 14.27 billion[148]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards and disclosure requirements[149]. - Revenue from sales is recognized when the risks and rewards of ownership are transferred, and the amount can be reliably measured[194]. - The company assesses the carrying value of financial assets for impairment at each balance sheet date, recognizing impairment losses in the current profit or loss[168].

中国东方红卫星股份有限公司 600118 2014 年第一季度报告 二○一四年四月二十六日 | . | 4 | 1 | 1 | 2 | | --- | --- | --- | --- | --- | | 1 | | | | | | 一、重要提示 3 | | --- | | 二、公司主要财务数据和股东变化 4 | | 三、重要事项 6 | | 四、附录 13 | 中国东方红卫星股份有限公司（600118） 2014 年第一季度报告 一、重要提示 1.1 本公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 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。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司董事长李开民先生、总裁闫忠文先生、主管会计工作负责人王黎女士及 会计机构负责人李淑花女士保证本季度报告中财务报表的真实、准确、完整。 1.4 公司第一季度报告中的财务报表未经审计。 3 中国东方红卫星股份有限公司（600118） 2014 年第一季度报告 二、公司主要财务数据和股东变化 2.1 主要财务数据 单位:元 币种:人民币 | | 本报告期末 ...

Financial Performance - In 2013, the company achieved a net profit attributable to shareholders of 305.80 million RMB, with a total distributable profit of 1,185.73 million RMB at year-end[6]. - The company's operating revenue for 2013 was ¥4,803,526,979.66, representing a 12.74% increase compared to ¥4,260,890,415.48 in 2012[37]. - The net profit attributable to shareholders for 2013 was ¥305,795,259.97, an increase of 13.04% from ¥270,530,435.71 in 2012[37]. - The net cash flow from operating activities decreased significantly by 79.24% to ¥78,940,152.03 in 2013 from ¥380,311,876.84 in 2012[37]. - The total assets of the company at the end of 2013 were ¥7,914,494,192.31, a 40.44% increase from ¥5,635,522,562.13 at the end of 2012[37]. - The net assets attributable to shareholders increased by 68.71% to ¥4,049,787,502.75 at the end of 2013 from ¥2,400,438,902.69 at the end of 2012[37]. - The basic earnings per share for 2013 was ¥0.28, up from ¥0.26 in 2012, reflecting an increase of ¥0.02 per share[38]. - The weighted average return on equity decreased to 10.28% in 2013 from 12.40% in 2012, a decline of 2.12 percentage points[38]. - The company reported a significant reduction in financial expenses due to increased interest income from raised funds and higher average deposits[58]. - The total profit margin increased by 9.98%, with total profit reaching approximately $383.91 million compared to $349.08 million in the previous year[57]. Dividend Distribution - The company plans to distribute a cash dividend of 0.8 RMB per 10 shares, totaling 94.60 million RMB, based on a total share capital of 1,182,489,135 shares[6]. - The company distributed cash dividends of 0.8 yuan per 10 shares in 2013, totaling 94,599,130.80 yuan, which represents 30.94% of the net profit attributable to shareholders[126]. - The company reported a year-end profit distribution plan that does not include capital reserve transfers to increase share capital[6]. Market Expansion and Development - The company is actively expanding its satellite and satellite application markets, both domestically and internationally, achieving certain results in recent years[17]. - The company has focused on the development of small and micro satellites, as well as satellite applications in communication, navigation, and remote sensing[29]. - The company is actively expanding its market presence in regions like Xinjiang and collaborating with local governments on smart city projects[53]. - The company is focusing on enhancing its core competencies in satellite research and application through strategic resource allocation and market expansion efforts[46]. - The company aims to maintain its leading position in the small satellite manufacturing sector while enhancing product development and foundational capabilities to strengthen its core competitiveness[106]. - The company is focusing on enhancing its satellite application capabilities by accelerating project implementation and strengthening market expansion efforts in various regions[110]. Risks and Challenges - The company faces risks related to concentrated customer bases, primarily consisting of government departments and specific users, which may impact operational performance[17]. - The company faces risks from potential changes in national industrial policies that could impact market conditions and development opportunities[113]. - The company is also exposed to intensified market competition as more players enter the satellite manufacturing and application sectors[114]. - The concentration of customers, primarily government departments and specific users, poses a risk to the company's operational performance if major clients adjust their procurement plans[115]. - The company recognizes the need to enhance its technological innovation capabilities to keep pace with international competitors and meet evolving customer demands[116]. Shareholder and Corporate Governance - As of December 31, 2013, the controlling shareholder held 51.71% of the company's shares, which may influence major decisions and pose risks to minority shareholders[18]. - The company has established clear systems for related party transactions to mitigate risks associated with potential conflicts of interest from its controlling shareholder[17]. - The company has established a mature human resources management system to attract and retain high-quality management and technical talent, crucial for its development[117]. - The company is exposed to risks from related party transactions due to its operational characteristics, necessitating a clear related party transaction system to protect minority shareholders[119]. - The company has committed to ensuring that related transactions are conducted at market prices to protect the interests of shareholders[163]. - The company will maintain strict control over the amount of related transactions with China Satellite to reduce financial exposure[163]. Audit and Compliance - The company has received a standard unqualified audit report from Ruihua Certified Public Accountants, ensuring the accuracy of its financial statements[5]. - The financial audit firm 瑞华 was retained with a remuneration of 700,000 RMB for a 5-year term[166]. - The internal control audit firm 瑞华 was also retained with a remuneration of 250,000 RMB[166]. - The company did not experience any major litigation or arbitration during the reporting period, indicating a stable legal environment[131]. Investment and Capital Structure - The company completed a rights issue in August 2013, raising a total of 1,449,102,467.45 yuan, with a net amount of 1,426,756,129.56 yuan after expenses, increasing the total share capital to 1,182,489,135 shares[125]. - The company completed a share placement in August 2013, increasing its total share capital from 916,598,774 shares to 1,182,489,135 shares[38]. - The total amount raised from the rights issue was approximately ¥1.45 billion, with a net amount of approximately ¥1.43 billion after deducting issuance costs[179]. - The company completed the transfer of 100% equity of its wholly-owned subsidiary, Hangtian Tianhui, to its controlling subsidiary, Hangtian Hengxing Technology, with a transfer price based on the net asset evaluation value of 35.5941 million yuan as of December 31, 2011[150]. Research and Development - Research and development expenses totaled approximately $54.33 million, accounting for 1.13% of operating revenue, with a significant decrease of 39.94% compared to the previous year[67]. - The company is currently implementing a project with a total investment of 356.70 million CNY for the construction of a research and development building, expected to enhance its satellite application capabilities significantly[103]. - In 2014, the company plans to invest approximately CNY 12,748 million in the construction of a new research laboratory, with a total project investment of CNY 35,670 million[112].