Financial Performance - The company achieved a net profit attributable to shareholders of 157.54 million yuan for 2023, with a total distributable profit of 3.21 billion yuan at year-end[4]. - The company's operating revenue for 2023 was approximately ¥6.88 billion, a decrease of 16.51% compared to ¥8.24 billion in 2022[18]. - Net profit attributable to shareholders was approximately ¥157.54 million, down 44.77% from ¥285.24 million in the previous year[18]. - The net cash flow from operating activities was negative at approximately -¥1.07 billion, a decrease of 474.48% compared to ¥285.13 million in 2022[18]. - Basic earnings per share for 2023 were ¥0.13, a decline of 45.83% from ¥0.24 in 2022[19]. - The weighted average return on equity decreased to 2.50%, down 2.14 percentage points from 4.64% in the previous year[19]. - The total assets at the end of 2023 were approximately ¥13.51 billion, a decrease of 2.10% from ¥13.80 billion in 2022[18]. - The company's total profit decreased by 50.90% to CNY 165,673,042.61, reflecting the impact of macroeconomic fluctuations and market competition[38]. - The company's cash flow from operating activities was negative CNY 1,067,749,937.68, a decline of 474.48% year-on-year[38]. - The total comprehensive income for the year was 157,535,184.46 RMB, reflecting the company's performance amidst challenging market conditions[195]. Dividends and Shareholder Returns - A cash dividend of 0.40 yuan per 10 shares is proposed, amounting to a total distribution of approximately 47.30 million yuan[4]. - The cash dividend per share for 2022 was set at 0.075 RMB (including tax), with a total cash dividend distribution of approximately 88.69 million RMB[112]. - The cash dividend ratio relative to the net profit attributable to ordinary shareholders was 30.02%[114]. - The retained earnings for the year showed a distribution of CNY 100,919,888.98 to shareholders, highlighting the company's commitment to returning value to its investors[197]. Market and Competitive Environment - Increased competition in the aerospace manufacturing and satellite application sectors is noted, with a growing number of market participants leading to heightened competitive pressure[7]. - The company experienced a decline in revenue and net profit due to intensified market competition and changes in procurement pricing policies from major customers[20]. - The company is facing challenges from concentrated customer procurement policies and increasing competition in the commercial aerospace market[29]. - The company is navigating a competitive landscape in the satellite manufacturing and application market, emphasizing the urgency of innovation[69]. - The company is required to continuously innovate technologically to meet the growing demand for small satellites and to enhance digital and intelligent capabilities; failure to do so may adversely affect operations and performance[74]. Research and Development - The company is focusing on enhancing its innovation capabilities and core competitiveness through a dual-level collaborative innovation research and development system[27]. - The company invested approximately 386.5 million yuan in R&D in 2023, with 155.1 million yuan expensed in the current period and 309.6 million yuan capitalized as of December 31, 2023[179]. - Research and development expenses totaled 386,496,109.84 yuan, representing 5.62% of total revenue, with 59.86% of R&D costs capitalized[48]. - The company is committed to leveraging internal and external resources to enhance high-quality development and technological innovation[29]. Governance and Compliance - The company has established clear policies to manage related party transactions to protect the interests of minority shareholders[7]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective operation of the board of directors and shareholder meetings[78]. - The board consists of 11 members, including 4 independent directors, and has held 6 meetings during the reporting period, ensuring compliance with governance standards[78]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finances, ensuring autonomous operations[80]. - The company has committed to ongoing compliance with its promises and has outlined steps to address any potential breaches[130]. Strategic Initiatives - The company is focused on expanding its market presence and enhancing its product offerings in response to evolving industry trends[7]. - The company plans to adjust its strategies in response to market conditions and competition to improve future performance[20]. - The company plans to deepen its market-oriented reforms and enhance its innovation capabilities to become a core force in China's aerospace industry[71]. - The company is actively exploring market-driven transformation and reform, aiming to improve governance and accelerate market-oriented reforms[27]. Operational Challenges - The company reported a significant reduction in cash flow due to decreased collections in aerospace manufacturing and adjusted payment schedules to suppliers[20]. - The company is facing risks related to industry policy adjustments and customer concentration, which could significantly impact operational performance[7]. - The company has not faced any penalties from securities regulatory authorities in the past three years[94]. - The company has not reported any changes in the use of raised funds or any idle raised funds during the reporting period[164]. Employee and Workforce Management - The company had a total of 3,419 employees, with 2,742 in technical positions and 372 in management[108]. - A total of 21,889 training sessions were conducted for employees throughout the year, enhancing professional capabilities[110]. - The company has 0 instances of directors raising objections to company matters during the reporting period[100]. - The company has a total of 159 employees with doctoral degrees and 1,615 with master's degrees, reflecting a highly educated workforce[108]. Environmental and Social Responsibility - The company invested approximately 329,600 RMB in environmental protection during the reporting period[119]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[121]. - The company has committed to reducing carbon emissions and has implemented measures to improve equipment efficiency and promote energy-saving practices[123]. - The total investment in poverty alleviation and rural revitalization projects amounted to CNY 537,800 (approximately USD 82,000), focusing on consumption poverty alleviation[126]. Financial Position and Assets - The total liabilities at the end of the reporting period were 5.32 billion yuan, a decrease of 5.98% from the previous year[54]. - The company's total assets at the end of the year were RMB 3,135,517,508.73[198]. - The company's cash and cash equivalents decreased to ¥2,443,597,261.02 from ¥4,045,424,396.36, representing a significant drop of about 39.5%[186]. - The total equity attributable to shareholders at the end of 2023 was CNY 3,224,262,181.93, up from CNY 3,192,631,479.72 at the end of 2022, indicating a growth of approximately 1%[197].

中国东方红卫星股份有限公司董事会 2024 年 4 月 15 日 1 中国东方红卫星股份有限公司 董事会关于独立董事独立性情况的专项意见 根据证监会《上市公司独立董事管理办法》、上海证券交易所《股票 上市规则》《上市公司自律监管指引第 1 号--规范运作》等要求，中国东 方红卫星股份有限公司（简称：公司）董事会，就公司在任独立董事张忠、 谭红旭、俞明轩、穆月英的独立性情况进行评估并出具如下专项意见： 经核查独立董事张忠、谭红旭、俞明轩、穆月英的任职经历以及签署 的相关自查文件，上述人员未在公司担任除独立董事以外的任何职务，也 未在公司主要股东公司担任任何职务，与公司以及主要股东之间不存在利 害关系或其他可能妨碍其进行独立客观判断的关系，符合《上市公司独立 董事管理办法》《上海证券交易所上市公司自律监管指引第 1 号--规范运 作》中对独立董事独立性的相关要求。 ...

公开-证券业务与 中国东方红卫星股份有限公司 董事会审计委员会 2023年度履职情况报告 2023年,根据法规制度的规定和公司管理要求,中国东方红卫星股份有 限公司(简称:公司)董事会审计委员会,本着客观、公正、独立的原则, 恪尽职守,勤勉尽责,为公司治理水平的提升贡献力量。现将审计委员会 年度履职情况总结报告如下: 一、审计委员会基本情况 公司第九届董事会审计委员会由三名委员组成,分别为召集人独立董 事谭红旭先生、独立董事俞明轩先生、外部董事吴江先生,均为财务会计、 审计评估及财经领域的专业人士。独立董事委员占审计委员会成员总数的 2/3,召集人由会计专业独立董事委员担任,审计委员会委员无在公司担任 高级管理人员的董事,符合相关法律法规中关于审计委员会人数比例和专 业配置的要求。 二、审计委员会 2023年度会议召开情况 2023年,公司董事会审计委员会共召开会议 4 次,全体委员均亲自出 席,具体情况如下: 2023年3月22日,公司董事会审计委员会召开 2023年第一次会议, 重点审议了公司 2022年年度报告及财务报告、公司 2023年日常经营性关 联交易以及继续执行《金融服务协议》暨确定 2023年 ...

证券代码：600118 股票简称：中国卫星 编号：临 2024-001 中国东方红卫星股份有限公司 第九届董事会第二十一次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 中国东方红卫星股份有限公司（简称：中国卫星或公司）第九届董事会第二 十一次会议于 2024 年 4 月 15 日以现场结合通讯表决方式召开，公司于 4 月 3 日以通讯方式发出了会议通知。本次会议应出席的董事十位，实际出席的董事十 位，会议由董事长李大明主持，公司监事和高级管理人员列席了会议。会议的召 开符合《公司法》等有关法律法规和《公司章程》的有关规定，所做决议合法有 效。 二、董事会会议审议情况 （一）中国卫星 2023 年年度报告 表决结果：10 票赞成、0 票弃权、0 票反对，议案获得通过。 年度报告全文及摘要详见 2024 年 4 月 17 日的《上海证券报》及上海证券交 易所网站 www.sse.com.cn。 本议案尚需提交股东大会审议。 （二）中国卫星 2023 年度董事会工作报告 表决结果：10 票赞成 ...

目录 CONTENTS | 关于本报告 | 01 | 治理篇 | | | --- | --- | --- | --- | | 董事长致辞 | 02 | 党建引领 合规护航 构筑现代治理新篇章 | | | 坚持党的领导 | | | | | 完善公司治理 | 关于我们 | | | | 夯实合规经营 | 03 | | | | 环境篇 | ESG管理 | | | | 07 | 生态优先 绿色启航 共创环境保护新局面 | | | | 绿色低碳发展 | | | | | 落实环境管理 | | | | | 弘扬绿色生态 | 社会篇 | | | | 航天强国 使命担当 共赴创新发展新征程 | | | | | 未来展望 | 勇担创新使命 | 11 | | | 牢记使命 守正创新 踔厉奋发 勇毅前行 | 勇赴责任担当 | 17 | | | 附录1：关键绩效表 | 51 | 22 | 共促员工发展 | | 附录2：指标索引表 | 共享产业价值 | 27 | | | 附录3：意见反馈表 | | | | 党建引领 合规护航 构筑现代治理新篇章 | 35 | | --- | | 38 | | 41 | 生态优先 绿色启航 共创环境保护新局 ...

Group 1 - The core viewpoint of the article highlights the ongoing mergers and acquisitions in China's satellite communication industry, primarily driven by vertical integration and the need for companies to expand their business into upstream hardware manufacturing and downstream application fields [1][3] - Key companies involved in the industry include China Satellite Communications (601698), Huali Chuantong (300045), Mengtai Electronics (688311), and Sanwei Communication (002115) [1] - The article summarizes significant merger and acquisition events, indicating that Sanwei Communication entered the satellite communication sector through diversified acquisitions, including the purchase of shares in Haiwei Tong and Xingzhan Measurement Control in 2016 [1][2] Group 2 - The motivations for mergers and acquisitions in the satellite communication industry are primarily to overcome externalities, reduce competition, and enhance market control, as the industry is still in its nascent stage with intense competition [3][8] - The overall trend in the satellite communication industry indicates that it is in the budding phase, with an expectation of increasing merger and acquisition activities as companies compete for market share and resources [5][9] - The future of mergers and acquisitions is anticipated to shift from horizontal mergers aimed at market share expansion to vertical integration strategies, as companies seek to strengthen control over upstream supply chains and downstream application markets [8][9]

证券代码：600118 股票简称：中国卫星 编号：临 2023-030 吴欣，2022 年成为注册会计师，2014 年开始从事上市公司审计，2022 年开始 在致同所执业，2023 年开始为公司提供审计服务，近三年签署的上市公司审计报 告 0 份。 2.诚信记录 吴欣近三年未因执业行为受到刑事处罚，未受到证监会及其派出机构、行业 主管部门等的行政处罚、监督管理措施和自律监管措施，未受到证券交易所、行 业协会等自律组织的自律监管措施、纪律处分。 中国东方红卫星股份有限公司 关于变更签字注册会计师的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 中国东方红卫星股份有限公司（简称：公司）于 2023 年 3 月 29 日召开第九 届董事会第十七次会议，2023 年 4 月 20 日召开 2022 年年度股东大会，审议通过 了《中国卫星关于续聘致同会计师事务所为公司 2023 年度审计机构及内部控制审 计机构的议案》，同意聘任致同会计师事务所（特殊普通合伙）（简称：致同） 作为公司 2023 年度的财务报告审计机构及内部控 ...

证券简称：中国卫星 证券代码：600118 中国东方红卫星股份有限公司 投资者关系活动记录表 投资者关系 活动类别 □特定对象调研 □分析师会议 □媒体采访 ■业绩说明会 □新闻发布会 □路演活动 □现场参观 □一对一沟通 □其他 时间 2023 年 11 月 10 日星期五 15:00-16:00 地点 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http:// roadshow.sseinfo.com/） 上市公司接 待人员姓名 公司董事、总裁朱楠先生 独立董事俞明轩先生 董事会秘书万银娟女士 财务总监赵强先生 问答交流主 要内容 尊敬的各位嘉宾、各位投资者朋友，大家下午好！感谢各位抽出宝 贵的时间参加中国东方红卫星股份有限公司 2023 年第三季度业绩说明 会，我谨代表公司向参加互动交流活动的各位朋友表示热烈欢迎，向关 心和支持中国卫星发展的各界朋友表示衷心感谢！ 下面进入本次业绩说明会的问答环节，欢迎各位对公司未来发展提 出宝贵的意见和建议，谢谢大家！ 1.您好，希望能够详细介绍一下公司三季度新增订单情况，以及公 司对民用市场的开拓做了哪些工作，谢谢。 您好，感谢您的提问。20 ...

Group 1: Company Performance and Market Development - In the first three quarters of 2023, the company has successfully promoted the application of the Beidou demonstration project, achieving continuous expansion of demonstration application scale and signing contracts for high-throughput satellite communication terminals, with over a thousand units ordered in the marine sector [2] - The company is focusing on key industries related to national interests and people's livelihoods, actively expanding into the civil market, and enhancing R&D investments to provide high-quality satellite application products and technical services [2] Group 2: Strategic Collaborations and Technological Advancements - The company has competitive advantages in anti-jamming, high-precision time synchronization, and seamless switching of high-throughput satellite communication beams, positioning itself as a mainstream supplier of satellite communication products in the domestic market [2] - The company is actively participating in the construction of satellite internet in China, focusing on broadband terminals, satellite-based augmentation systems, and GNSS receiver development to seize opportunities in communication systems [3] Group 3: Financial Performance and Future Outlook - The company's return on equity (ROE) has fluctuated around 4% over the past three years, with ongoing efforts to enhance operational quality and explore innovative mechanisms to improve business performance [4] - The company is committed to international market expansion, particularly targeting countries along the "Belt and Road" initiative, indicating a strategic direction for future growth [4] Group 4: Production Efficiency and Cost Management - The company is working on shortening satellite R&D cycles by enhancing project management capabilities and adopting integrated control measures [4] - There is a focus on using commercial-grade components in satellite production to reduce costs, alongside efforts to integrate technology and economics from the design stage [4] Group 5: Industry Position and Competitive Landscape - The company is aware of the competitive landscape in satellite manufacturing and is taking steps to improve its capabilities to match international standards [5] - The company has not disclosed any specific collaborations with private enterprises like Huawei for satellite development but emphasizes its ability to provide satellite communication and navigation technologies [2][5]

中国东方红卫星股份有限公司 关于公司董事辞职的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 因工作变动原因，中国东方红卫星股份有限公司（简称：公司）董事赵小津 先生申请辞去公司董事及董事会战略委员会委员职务。 在担任公司董事及董事会战略委员会委员期间，赵小津先生勤勉尽责，为公 司发展做出了卓越的贡献，公司董事会对赵小津先生为公司做出的贡献表示衷心 感谢！ 证券代码：600118 股票简称：中国卫星 编号：临 2023-029 中国东方红卫星股份有限公司 董 事 会 2023 年 11 月 14 日 赵小津先生的辞职不会导致公司董事会成员低于法定最低人数，不会影响公 司董事会工作的正常运行。赵小津先生的辞职申请自送达公司董事会之日起生效。 公司后续将按照《公司法》、《公司章程》等有关规定增补新的人选。 特此公告。 ...