证券代码：600435 证券简称：北方导航 公告编号：临 2023-015 号 北方导航控制技术股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩暨现金分 红说明会的公告 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。 重要内容提示： 会议召开时间：2023 年 05 月 12 日(星期五) 下午 13:00-14:30 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 05 日(星期五) 至 05 月 11 日(星期 四)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 600435@bfdh.com.cn 进行提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 北方导航控制技术股份有限公司（以下简称"公司"）已于 2023 年 4 月 21 日发布公司 2022 年度报告及 2023 年第一季度报告，为便 于广大投资者更全面深入地了解公司 ...

Financial Performance - The company's operating revenue for 2022 was ¥3,839,446,957.12, a decrease of 3.82% compared to ¥3,992,054,554.58 in 2021[22] - Net profit attributable to shareholders for 2022 was ¥185,050,680.13, an increase of 38.57% from ¥133,544,749.68 in 2021[22] - The net profit after deducting non-recurring gains and losses was ¥139,368,843.06, up 12.58% from ¥123,790,952.21 in the previous year[22] - The net cash flow from operating activities increased by 51.34% to ¥469,913,084.15 from ¥310,499,547.50 in 2021[22] - As of the end of 2022, the net assets attributable to shareholders were ¥2,484,686,744.38, a growth of 6.29% compared to ¥2,337,591,106.38 at the end of 2021[22] - Total assets at the end of 2022 were ¥6,326,090,627.76, a decrease of 2.27% from ¥6,472,884,889.57 in 2021[22] - Basic earnings per share increased by 33.33% to CNY 0.12 in 2022 compared to CNY 0.09 in 2021[41] - The weighted average return on equity increased by 1.82 percentage points to 7.68% in 2022 from 5.86% in 2021[41] - The company reported a net profit attributable to shareholders of approximately ¥30.52 million for the fourth quarter, down from ¥37.34 million in the third quarter[62] - The company reported a revenue of 532,626,338.98 yuan, a decrease of 15.08% year-on-year, and a net profit of 86,444,468.69 yuan, down 17.27% year-on-year[127] Investment and R&D - The company invested 227,427,337.09 RMB in R&D, representing 5.92% of total revenue, focusing on the development of dual-use military and civilian products[80] - Research and development expenses increased by 4.17% to approximately ¥206.53 million from ¥198.26 million in the previous year[54] - The company completed 31 key technology research projects and applied for 18 patents, including 13 invention patents in 2022[52] - The company is focusing on the development of intelligent manufacturing capabilities, including the establishment of smart production lines and digital workshops[52] - The company aims to enhance its capabilities in smart manufacturing and digital technology to support key industry supply chains[8] Corporate Governance and Leadership Changes - The company appointed Zhang Baifeng as the new chairman and legal representative on June 9, 2022, following the resignation of Fu Dehai due to work reasons[144] - Li Haitao was appointed as the general manager on September 5, 2022, succeeding Zhang Baifeng, who stepped down due to work changes[144] - The company reported a significant leadership change with the election of new board members and the restructuring of the supervisory board[144] - The company has undergone a restructuring of its management team to align with its strategic goals and operational needs[144] - The company emphasizes the importance of governance and compliance in its operations, as reflected in the recent board and supervisory changes[144] Market and Strategic Focus - The company is actively involved in the military-civilian dual-use product business, particularly in navigation control and ammunition information technology[48] - The company is positioned in the manufacturing sector, focusing on military products and high-tech product development, with a strong emphasis on innovation and modernization[123] - The company aims to enhance its strategic capabilities and adapt to new market demands during the "14th Five-Year Plan" period[123] - The company is committed to improving its supply chain management and cost control to enhance operational efficiency and profitability[130] - The company plans to strengthen its market research and analysis to adapt to changes in domestic and international economic policies[130] Risk Management and Compliance - The company has established a comprehensive risk and internal control system to prevent major risks[53] - The company aims to enhance risk management and compliance systems to mitigate potential risks in 2023, focusing on internal control and compliance[130] - The company revised its investor management system to strengthen communication with investors, particularly protecting the rights of minority shareholders[153] - The company established a related transaction management system to regulate transactions and protect investor rights, with no violations reported during the period[153] Environmental and Social Responsibility - Environmental protection investments have increased, leading to a reduction in various pollutant emissions[53] - The company has been recognized as one of the "Top Ten Honest Enterprises" in Taizhou, reflecting its commitment to integrity and market competition[127] Financial Management - The company has implemented a stock incentive plan, with the first phase entering the exercise period[53] - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 12.1676 million yuan (pre-tax), with actual remuneration matching the payable amount[148] - The company confirmed no competition with its controlling shareholder and maintained fair pricing in related transactions, which are necessary for its operations[153] - The company’s financial statements comply with accounting standards and reflect its financial position accurately[185]

Financial Performance - The operating revenue for Q1 2023 was RMB 584,131,782.24, representing a year-on-year increase of 1.52%[8] - The net profit attributable to shareholders of the listed company was RMB 24,551,816.54, showing a decrease of 30.53% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 20,560,126.33, an increase of 70.05% year-on-year[8] - The basic earnings per share for Q1 2023 was RMB 0.0164, a decrease of 30.80% year-on-year[8] - The diluted earnings per share for Q1 2023 was also RMB 0.0164, reflecting the same decrease of 30.80%[8] - The weighted average return on equity was 0.97%, a decrease of 0.53 percentage points compared to the previous year[8] - The net profit attributable to shareholders decreased by 30.53% compared to the same period last year, due to the absence of gains from the disposal of equity[30] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 70.05% due to higher operating income and gross margin[30] - The basic and diluted earnings per share both decreased by 30.80% compared to the same period last year[30] - The weighted average return on equity decreased by 0.53 percentage points due to the absence of gains from equity disposal in the previous year[30] Cash Flow - The net cash flow from operating activities was RMB 10,985,702.86, down 97.27% from the previous year[8] - The net cash flow from investment activities was -816,394,565.46 RMB, a decrease from 144,489,846.03 RMB in the previous period[24] - The net cash flow from financing activities was 71,254,053.64 RMB, compared to -1,592,425.00 RMB in the previous period[24] - The net increase in cash and cash equivalents was -734,154,808.96 RMB, down from an increase of 545,606,098.04 RMB in the previous period[24] - The net cash flow from operating activities decreased by 97.27% due to reduced cash receipts from product sales and increased VAT payments[30] - The cash inflow from operating activities totaled ¥638,222,863.77, a decrease of 26.1% compared to ¥863,231,853.75 in Q1 2022[44] - The cash outflow from operating activities amounted to ¥627,237,160.91, an increase of 36.3% from ¥460,523,176.74 in the same period last year[44] - The net cash flow generated from operating activities was ¥10,985,702.86, significantly lower than ¥402,708,677.01 in Q1 2022, indicating a decline of 97.3%[44] - The cash balance at the end of the period was 541,078,940.34 RMB, down from 1,219,727,416.88 RMB at the beginning of the period[24] Assets and Liabilities - The total assets at the end of Q1 2023 were RMB 6,466,115,222.46, an increase of 2.21% from the end of the previous year[9] - The total liabilities as of the end of Q1 2023 amounted to RMB 3,124,096,248.98, compared to RMB 3,091,455,975.62 at the end of Q1 2022, showing an increase of about 1.05%[37] - The total equity attributable to shareholders was RMB 2,585,896,611.77 at the end of Q1 2023, up from RMB 2,484,686,744.38 in Q1 2022, indicating a growth of approximately 4.06%[37] - The total assets at the end of Q1 2023 were RMB 6,466,115,222.46, compared to RMB 6,326,090,627.76 at the end of Q1 2022, reflecting an increase of approximately 2.22%[38] Expenses - The total operating costs for Q1 2023 were RMB 549,747,172.09, down from RMB 562,430,038.75 in Q1 2022, indicating a decrease of about 2.5%[38] - Research and development expenses increased significantly to RMB 52,735,949.23 in Q1 2023, compared to RMB 30,645,639.10 in Q1 2022, reflecting a growth of approximately 72%[38] - The company reported a total of RMB 53,757,581.98 in taxes payable for Q1 2023, compared to RMB 107,033,875.33 in Q1 2022, indicating a decrease of about 49.9%[37] Shareholder Information - The number of common shareholders at the end of the reporting period was 98,760, with the largest shareholder holding 22.66% of the shares[32] - The company has a significant shareholder relationship between the largest shareholder and the second-largest shareholder, both controlled by China North Industries Group Corporation[33] Other Information - The company has not reported any significant new product developments or technological advancements in the current quarter[43] - There are no updates on market expansion or mergers and acquisitions in the latest financial report[43] - The company has not provided specific future outlook or performance guidance in the current report[43] - The financial report is unaudited, indicating that the figures may be subject to change upon final audit[44]

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,194,192,108.23, representing a year-on-year increase of 40.69%[6] - The net profit attributable to shareholders for Q3 2022 was ¥37,343,067.81, showing a significant increase of 1,068.63% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥38,068,049.11, reflecting a year-on-year increase of 1,109.00%[6] - The basic earnings per share for Q3 2022 was ¥0.02, an increase of 852.38% compared to the same period last year[8] - The diluted earnings per share for Q3 2022 was also ¥0.02, with the same percentage increase of 852.38%[8] - The weighted average return on equity for Q3 2022 was 1.55%, an increase of 1.41 percentage points year-on-year[8] - Total operating revenue for the first three quarters of 2022 reached ¥2,840,752,151.35, an increase of 19.2% compared to ¥2,382,534,291.32 in the same period of 2021[32] - Operating costs for the same period were ¥2,632,677,785.33, up 17.9% from ¥2,233,587,065.68 year-on-year[32] - Net profit for Q3 2022 was ¥190,047,314.99, representing a 58.3% increase from ¥120,040,459.27 in Q3 2021[35] - Earnings per share for Q3 2022 were ¥0.10, compared to ¥0.0574 in Q3 2021[37] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥6,904,721,407.53, representing a 6.67% increase from the end of the previous year[8] - The equity attributable to shareholders at the end of Q3 2022 was ¥2,451,267,383.07, which is a 4.86% increase compared to the end of the previous year[8] - Total liabilities increased to ¥3,742,788,910.51 in Q3 2022 from ¥3,378,711,641.43 in Q3 2021, reflecting a growth of 10.8%[31] - The total equity attributable to shareholders reached ¥2,451,267,383.07, up from ¥2,337,591,106.38, marking a growth of 4.8%[31] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥223,380,238.15, indicating a decrease of 183.18% year-on-year[8] - The cash inflow from operating activities for the first three quarters of 2022 was CNY 1,523,637,071.76, a decrease of 28% compared to CNY 2,112,552,639.22 in the same period of 2021[39] - The net cash outflow from operating activities was CNY -223,380,238.15, contrasting with a net inflow of CNY 268,554,050.43 in the previous year[42] - Cash inflow from investment activities totaled CNY 826,339,000.00, significantly higher than CNY 272,000,000.00 in the same period last year[42] - The net cash flow from investment activities was CNY 159,820,296.13, down from CNY 209,092,096.16 in the previous year[42] - The net cash outflow from financing activities was CNY -92,279,459.14, compared to CNY -152,126,657.47 in the same period last year[43] - The ending cash and cash equivalents balance was CNY 518,281,960.47, down from CNY 1,402,928,592.79 at the end of the previous year[43] Shareholder Information - The top two shareholders, North Navigation Technology Group Co., Ltd. and China Weapon Industry Group Co., Ltd., have a controlling relationship[21] - The company had no short-term borrowings reported as of September 30, 2022, compared to RMB 150,000,000.00 at the end of 2021[26] Research and Development - Research and development expenses for the first three quarters of 2022 were ¥125,925,537.00, an increase from ¥117,218,481.76 in the same period of 2021[32] Company Strategy and Developments - The company attributed the significant increase in net profit to the growth in revenue from dual-use military and civilian products and gains from the disposal of subsidiary equity[12] - The company has not disclosed any new product developments or market expansion strategies during the reporting period[22] - There were no significant mergers or acquisitions reported in the latest financial results[22] - The company plans to expand its market presence and invest in new technologies to drive future growth[30]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,646,560,043.12, representing a year-on-year increase of 7.36% compared to CNY 1,533,722,438.70 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 117,190,243.29, an increase of 42.44% from CNY 82,275,369.00 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 81,486,284.65, up 8.78% from CNY 74,909,590.33 in the same period last year[22]. - Basic earnings per share for the reporting period were CNY 0.08, an increase of 31.15% compared to CNY 0.06 in the same period last year[22]. - The weighted average return on net assets was 4.92%, up 1.28 percentage points from 3.64% in the previous year[22]. - The company reported a net profit attributable to shareholders of the parent company reached CNY 117,190,243.29, compared to CNY 82,275,369.00 in the previous year, marking an increase of about 42.5%[150]. - The total comprehensive income for the first half of 2022 was CNY 136,818,502.63, compared to CNY 107,971,837.27 in the previous year, indicating an increase of approximately 26.8%[150]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -109,790,065.61, a decrease of 254.55% compared to CNY 71,038,740.40 in the previous year[22]. - The company recorded a net cash inflow of CNY 480,000,000.00 from investment recovery, a substantial increase of 380.00% from CNY 100,000,000.00[41]. - The net cash flow from operating activities was -109,790,065.61 RMB, a significant decline compared to 71,038,740.40 RMB in the previous period, indicating a negative cash flow trend[161]. - The total cash outflow for operating activities was 1,288,880,928.06 RMB, down from 1,371,415,822.15 RMB, reflecting cost control measures[161]. - Cash and cash equivalents at the end of the period amounted to ¥1,387,049,283.70, accounting for 21.82% of total assets, a decrease of 5.69% from the previous year[48]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,357,992,193.79, a decrease of 1.77% from CNY 6,472,884,889.57 at the end of the previous year[22]. - The total liabilities decreased, with interest expenses dropping by 49.38% to ¥1,729,503.92 from ¥3,416,405.02[41]. - The total assets of the company were CNY 6.36 billion, down from CNY 6.47 billion, reflecting a decrease of approximately 1.7%[135]. - The company's total liabilities at the end of the reporting period are 1,084,797,000.00 RMB[178]. Research and Development - The company is actively engaged in R&D, with 31 projects initiated for technological innovation and process improvement[31]. - Research and development expenses rose by 7.54% to ¥73,731,912.90, reflecting increased investment in independent research and development[45]. - The company reported R&D expenses of CNY 73,731,912.90 for the first half of 2022, compared to CNY 68,564,605.28 in the same period of 2021, indicating an increase of about 7.3%[145]. Strategic Focus and Operations - The company attributed the increase in net profit to higher operating revenue from military-civilian dual-use products[23]. - The company has enhanced its digital manufacturing capabilities, focusing on intelligent and flexible production lines[31]. - The company is committed to fulfilling its military equipment responsibilities, ensuring timely completion of production tasks[36]. - The company has maintained a stable economic performance with controlled debt risks and a focus on high-quality development[35]. - The company has a strategic focus on both military and civilian applications, reflecting a diversified approach to market opportunities[195]. Risk Management - The company is facing significant macroeconomic risks, including demand contraction and supply shocks, which may impact future performance[60]. - The company is committed to enhancing its risk management framework to mitigate potential impacts from policy changes and economic fluctuations[60]. - The company has implemented a comprehensive risk prevention plan involving 85 measures across 28 areas to enhance risk management capabilities[40]. Shareholder and Equity Information - The total number of ordinary shareholders as of the reporting period end was 124,709[122]. - The top shareholder, Northern Navigation Technology Group, holds 339,388,862 shares, accounting for 22.79% of total shares, with 102,320,000 shares pledged[123]. - The company aims to optimize management efficiency and enhance shareholder value through the management agreement with its controlling shareholder[107]. - The company has no outstanding guarantees or debts exceeding 70% of net assets, ensuring financial stability[117]. Environmental and Community Engagement - The company has not experienced any environmental pollution incidents and has implemented effective environmental management systems[76]. - The company has engaged in community support activities, including purchasing local agricultural products worth 35,000 RMB from impoverished areas[79]. - The company has completed a donation of 200,000 RMB to the rural revitalization bureau in Gannan County, Heilongjiang Province[79].

Financial Performance - The company's operating revenue for Q1 2022 was ¥575,408,816.34, representing a year-on-year increase of 31.48%[5] - The net profit attributable to shareholders was ¥35,340,482.79, showing a significant increase of 2,633.89% compared to the same period last year[5] - Basic and diluted earnings per share were both ¥0.0237, reflecting an increase of 2,627.50% year-on-year[5] - Total operating revenue for Q1 2022 reached RMB 575,408,816.34, a 31.5% increase from RMB 437,641,361.86 in Q1 2021[34] - Net profit for Q1 2022 was RMB 40,674,815.58, compared to RMB 6,382,813.26 in Q1 2021, representing a significant increase[34] - Earnings attributable to shareholders of the parent company in Q1 2022 were RMB 35,340,482.79, up from RMB 1,292,682.13 in Q1 2021[36] - Basic and diluted earnings per share for Q1 2022 were both RMB 0.0237, compared to RMB 0.00087 in Q1 2021[36] Cash Flow - The net cash flow from operating activities decreased by 28.75% to ¥402,708,677.01[5] - Cash inflow from operating activities in Q1 2022 was RMB 863,231,853.75, down from RMB 1,018,720,398.90 in Q1 2021[39] - The net cash flow from operating activities was $402,708,677.01, a decrease from $565,237,563.54 in the previous period, indicating a decline of approximately 29%[42] - The cash flow from operating activities totaled $460,523,176.74, slightly up from $453,482,835.36, marking a marginal increase of about 2%[42] - The company reported a total cash outflow from operating activities of $460,523,176.74, which is a key indicator of operational efficiency[42] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,039,791,437.14, a decrease of 6.69% from the end of the previous year[7] - The company reported a total current asset of RMB 4,939,906,099.93 as of March 31, 2022, a decrease of 3.97% from RMB 5,144,494,814.98 at the end of 2021[21] - The total liabilities decreased to RMB 2,931,753,248.81 from RMB 3,362,797,843.76, reflecting a reduction of 12.8%[28] - Total liabilities as of the end of the reporting period were RMB 2,947,263,845.14, a decrease from RMB 3,378,711,641.43 in the previous year[30] - The company’s total non-current assets were RMB 1,099,885,337.21, a decrease of 17.2% from RMB 1,328,390,074.59[28] Shareholder Information - The company had a total of 129,117 common shareholders at the end of the reporting period[14] - The equity attributable to shareholders increased by 1.01% to ¥2,361,203,485.32 compared to the end of the previous year[7] - Total equity attributable to shareholders of the parent company was RMB 2,361,203,485.32, slightly up from RMB 2,337,591,106.38 year-over-year[30] Other Financial Metrics - Non-recurring gains and losses amounted to ¥23,250,118.08, primarily due to the disposal of a subsidiary[10] - The weighted average return on equity increased by 1.44 percentage points to 1.50%[5] - The company reported a net exchange gain of RMB 8,917,564.40 in Q1 2022, compared to no such gain in Q1 2021[34] - Research and development expenses for Q1 2022 totaled RMB 30,645,639.10, an increase from RMB 28,455,658.74 in Q1 2021[34] Inventory and Receivables - Accounts receivable decreased to RMB 1,590,190,693.72 from RMB 2,039,106,771.22, a decline of 21.96%[25] - The company’s inventory slightly increased to RMB 712,485,068.07 from RMB 705,735,751.85, showing a marginal growth of 0.21%[25] - The company’s other receivables increased to RMB 111,654,867.36 from RMB 7,748,648.14, a substantial increase of 1343.5%[25]

Financial Performance - The company's operating revenue for 2021 was CNY 3,992,054,554.58, representing a 32.81% increase compared to CNY 3,005,940,079.34 in 2020[26] - The net profit attributable to shareholders of the listed company was CNY 133,544,749.68, a significant increase of 113.67% from CNY 62,499,384.31 in the previous year[26] - The net profit after deducting non-recurring gains and losses was CNY 123,790,952.21, which is a 472.51% increase compared to CNY 21,622,387.28 in 2020[26] - The basic earnings per share for 2021 was CNY 0.09, up 125.00% from CNY 0.04 in 2020[29] - The total assets of the company at the end of 2021 were CNY 6,472,884,889.57, reflecting a 22.92% increase from CNY 5,266,012,591.15 at the end of 2020[26] - The net assets attributable to shareholders of the listed company increased by 5.31% to CNY 2,337,591,106.38 at the end of 2021[26] - The company reported a net cash flow from operating activities of CNY 310,499,547.50, which is an 8.57% decrease from CNY 339,593,157.01 in 2020[26] - The weighted average return on net assets increased to 5.86% in 2021, up from 2.86% in 2020, marking an increase of 3.00 percentage points[29] Revenue Growth Drivers - The company experienced an increase in revenue from dual-use military and civilian products, contributing to the overall profit growth[29] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased compared to the same period last year, primarily due to the increase in revenue from dual-use military and civilian products and an increase in operating profit margin[30] - Operating revenue increased year-on-year, mainly driven by the growth in revenue from dual-use military and civilian products[30] Cash Flow and Investments - The net cash flow from operating activities decreased compared to the previous period, mainly due to some payments not being collected in the current period[30] - The total net cash flow from operating activities for the year was CNY 565.24 million, with a significant decrease in Q2 to -CNY 494.20 million[35] - The net cash flow from investing activities was -¥583,788,013.08, a decline from -¥206,155,712.13 in the previous year[69] - Interest income doubled to ¥21,244,018.32 from ¥10,599,184.15, reflecting a 100.43% increase[69] - The company reported a significant increase in cash paid for investments, totaling ¥770,003,720.00, up 413.32% from ¥150,005,520.00[69] Research and Development - The company has enhanced its R&D capabilities in military communication and high-end military connectors, achieving advancements in various core subsystems[48] - The total R&D expenditure was ¥214,167,751.32, accounting for 5.36% of total revenue[95] - R&D expenses for the reporting period amounted to ¥214,167,751.32, all of which were expensed, primarily invested in the development of dual-use military products[97] - The company has a total of 426 R&D personnel, accounting for 17.3% of the total workforce[96] Operational Efficiency and Innovation - The company has established a "data-driven smart factory" to improve digital manufacturing capabilities and operational efficiency[50] - The operational model of "four verticals and four horizontals" has been preliminarily established to enhance data-driven operational control capabilities[58] - The company has focused on innovation-driven development, enhancing core manufacturing capabilities and establishing a comprehensive innovation platform[50] - The company completed 27 technology innovation and process improvement projects, enhancing manufacturing technology and product quality assurance capabilities[55] Risk Management and Governance - The company successfully established a comprehensive risk management and internal control system, identifying 51 risks and formulating 197 countermeasures[64] - The company has not experienced any major risk events in significant investment, financial derivatives, or debt management throughout the year[64] - The company has implemented a performance assessment system to strengthen budget management and value creation[60] - The company has conducted a self-examination of its governance structure, focusing on financial management and information disclosure improvements[128] Shareholder and Board Activities - The company held 3 shareholder meetings during the reporting period, ensuring that all shareholders could fully exercise their rights, with resolutions effectively executed[129] - The controlling shareholder, North Navigation Technology Group, holds 22.79% of the company's shares, and the company operates independently in terms of assets, personnel, finance, and business[138] - The board of directors consists of 9 members, including 4 independent directors, and held 10 meetings during the reporting period to enhance decision-making and risk management[130] - The company has implemented a long-term incentive mechanism to improve employee motivation and vitality, following the performance evaluation of senior management[138] Employee Development and Compensation - The company has actively engaged in talent development, resulting in the recommendation of 6 "youth talents" and the cultivation of a skilled workforce[63] - The company has a performance-based compensation policy aimed at improving salary competitiveness and incentivizing key personnel[183] - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 9.4257 million yuan (pre-tax)[165] - The company has implemented a stock option incentive plan for 108 key personnel, granting a total of 29.5922 million options at a price of 8.59 yuan per share[197] Future Outlook and Strategic Goals - The company aims to achieve operating revenue of over CNY 4 billion and total profit of over CNY 200 million in 2022[121] - The company plans to enhance its technological capabilities in smart manufacturing, digitalization, and information technology to support the development of high-tech products[118] - The company is focused on technological innovation and management innovation to support the modernization of weaponry and the construction of a modern industrial system[107] - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to 1.8 billion yuan[153]

Financial Performance - The company's operating revenue for Q3 2021 was ¥848,811,852.62, representing a year-on-year increase of 34.52%[6] - The net profit attributable to shareholders for Q3 2021 was ¥3,195,467.20, a decrease of 85.52% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥3,148,726.50, down 84.74% year-on-year[10] - The net profit attributable to shareholders for the year-to-date was ¥85,470,836.20, an increase of 1,439.17% year-on-year[6] - Net profit for the third quarter of 2021 was ¥120,040,459.27, compared to ¥35,530,291.12 in the third quarter of 2020, reflecting an increase of approximately 237.5%[37] - The company's total comprehensive income for the third quarter of 2021 was ¥120,155,812.83, compared to ¥34,602,029.55 in the same quarter of 2020, showing an increase of approximately 247.5%[40] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,962,464,578.06, an increase of 13.23% compared to the end of the previous year[10] - The total current assets as of September 30, 2021, amount to 4,636,389,304.82 RMB, an increase from 3,889,723,709.64 RMB at the end of 2020[26] - The total liabilities increased to ¥2,971,083,459.21 in 2021 from ¥2,296,664,731.88 in 2020, marking an increase of approximately 29.3%[34] - The total non-current liabilities increased to ¥25,445,124.01 in 2021 from ¥17,035,471.15 in 2020, representing an increase of approximately 49.5%[34] - The company reported a total asset value of ¥5,266,012,591.15, slightly down from ¥5,271,602,214.01 in the previous reporting period[49] Shareholder Information - The total number of common shareholders at the end of the reporting period is 130,653[20] - The largest shareholder, Beifang Navigation Technology Group Co., Ltd., holds 339,388,862 shares, accounting for 22.79% of the total shares[20] - The second-largest shareholder, Zhongbing Investment Management Co., Ltd., holds 286,536,844 shares, representing 19.24%[22] - Shareholders' equity totaled approximately $2.97 billion, with total equity attributable to the parent company at $2.22 billion[54] - The total equity attributable to minority shareholders is approximately $749.62 million[54] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥268,554,050.43, an increase of 171.26% compared to the same period last year[10] - Operating cash flow generated a net amount of ¥268,554,050.43, a significant improvement from a net outflow of ¥376,839,528.84 in the previous period[43] - Cash inflow from operating activities totaled ¥2,112,552,639.22, compared to ¥1,083,360,627.32 in the prior year, reflecting a year-over-year increase of approximately 95.0%[43] - Cash outflow from operating activities was ¥1,843,998,588.79, up from ¥1,460,200,156.16, indicating a rise of about 26.3%[43] - Investment activities generated a net cash flow of ¥209,092,096.16, recovering from a net outflow of ¥31,978,812.32 in the previous period[45] Research and Development - The company increased its R&D investment, which contributed to the decline in net profit for Q3 2021[18] - Research and development expenses for the first three quarters of 2021 amounted to ¥117,218,481.76, compared to ¥84,934,361.50 in the same period of 2020, an increase of approximately 38.1%[34] Operational Costs - The company's total operating costs for the first three quarters of 2021 were ¥2,233,587,065.68, up from ¥1,298,063,108.73 in 2020, reflecting an increase of approximately 72.0%[34] - The weighted average return on net assets for Q3 2021 was 0.14%, a decrease of 0.89 percentage points year-on-year[10] Product and Market Development - The company has not disclosed any new product developments or market expansion strategies in the current report[25] - There are no indications of any mergers or acquisitions in the recent reporting period[25] - The company reported an increase in revenue from military-civilian dual-use products, which positively impacted profit margins for the year-to-date[18]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,533,722,438.70, representing a 118.12% increase compared to ¥703,144,544.81 in the same period last year[22]. - Net profit attributable to shareholders was ¥82,275,369.00, a significant recovery from a loss of ¥16,520,104.65 in the previous year[22]. - The net cash flow from operating activities improved to ¥71,038,740.40, compared to a negative cash flow of ¥231,534,350.31 in the same period last year[22]. - Basic earnings per share for the first half of 2021 were ¥0.06, recovering from a loss of ¥0.0111 per share in the same period last year[22]. - The company's operating revenue for the current period reached ¥1,533,722,438.70, a year-on-year increase of 118.12% compared to ¥703,144,544.81 in the same period last year[45]. - Operating costs increased to ¥1,168,733,887.41, reflecting a 124.18% rise from ¥521,332,925.52 in the previous year[45]. - Research and development expenses amounted to ¥68,564,605.28, up 35.70% from ¥50,527,391.12 year-on-year[45]. - The company reported a significant increase in interest income, which rose by 142.50% to ¥7,081,653.64 from ¥2,920,218.42 in the previous year[45]. - The cash received from sales of goods and services was ¥1,414,531,344.14, a 71.89% increase from ¥822,914,322.83 year-on-year[48]. - The company's inventory increased by 57.15% to ¥962,026,736.27, compared to ¥612,181,957.55 in the previous year, indicating a rise in production[52]. Asset and Liability Management - The company's total assets increased by 2.74% to ¥5,410,415,137.19 from ¥5,266,012,591.15 at the end of the previous year[22]. - The net assets attributable to shareholders rose to ¥2,266,771,010.38, marking a 2.12% increase from ¥2,219,728,745.30 at the end of the previous year[22]. - The total liabilities as of June 30, 2021, were CNY 2,446,232,317.61, compared to CNY 2,296,664,731.88 at the end of 2020, indicating an increase of approximately 6.52%[136]. - The total assets reached CNY 5,410,415,137.19, up from CNY 5,266,012,591.15, marking a growth of about 2.73%[136]. - The total current assets as of June 30, 2021, amounted to CNY 4,069,587,395.25, an increase from CNY 3,889,723,709.64 as of December 31, 2020, representing a growth of approximately 4.63%[131]. - The total accounts payable increased to CNY 1,531,664,158.96 from CNY 1,128,818,834.04, reflecting a significant rise of about 35.69%[133]. Research and Development - The increase in revenue was primarily driven by significant growth in military-civilian dual-use product sales[23]. - The company has enhanced its technological innovation capabilities by establishing a technology innovation system and collaborating with universities and research institutions[33]. - The company is advancing smart manufacturing capabilities, with the completion of several intelligent flexible production lines and significant improvements in automation and standardization[38]. - Research and development expenses for the first half of 2021 were ¥68,564,605.28, compared to ¥50,527,391.12 in the same period of 2020, showing a growth of 35.7%[148]. Risk Management - The company is committed to improving its risk management system to mitigate macroeconomic and policy risks that could impact strategic goals[61]. - The company has established a comprehensive risk management framework to enhance its risk prevention and control capabilities[65]. - The company is actively monitoring product delivery risks, ensuring timely and quality completion of research and production tasks amid increased demand[62]. Corporate Governance - The company elected new non-independent directors: Fu Dehai, Zhang Baifeng, Wang Xiangdong, Zhao Han, and Zhou Jing, with terms aligned with the seventh board of directors[71]. - The company appointed independent directors: Liu Zhenjiang, Gu Funling, Sun Baowen, and Xiao Jianhua, also with terms aligned with the seventh board of directors[71]. - The company has confirmed that there are no major litigation or arbitration matters during the reporting period[92]. - The company has a long-term commitment to comply with relevant laws and regulations regarding information disclosure obligations[86]. Environmental Responsibility - The company has five pollution discharge units requiring permits, with one under key management and two under simplified management[80]. - The company has successfully replaced cleaning equipment to reduce hazardous waste and improve air treatment efficiency, significantly decreasing pollutant emissions[80]. - The company has established an emergency response plan for environmental incidents, regularly conducting drills for various scenarios[80]. - The company has not reported any environmental pollution incidents to date, maintaining compliance with national and local environmental regulations[80]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 146,754[118]. - The largest shareholder, North Navigation Technology Group Co., Ltd., holds 339,388,862 shares, representing 22.79% of the total shares[120]. - The second-largest shareholder, China Weapon Investment Management Co., Ltd., holds 286,536,844 shares, representing 19.24% of the total shares[120]. - The company has not experienced any changes in its total share capital or share structure during the reporting period[118]. Strategic Focus - The company focuses on dual-use military and civilian products, primarily in navigation control and ammunition information technology, with no significant changes in its main business during the reporting period[31]. - The company is committed to quality assurance, implementing a long-term mechanism for quality improvement and focusing on enhancing equipment reliability[40]. - The company is focusing on cost control and efficiency improvement, aiming to reduce general management expenses and non-productive expenditures[45]. - The company plans to continue optimizing its product structure and focus on key model projects to drive future growth[56].

2021 年第一季度报告 FF . 77 北方导航控制技术股份有限公司 600435 2021 年第一季度报告 北方导航控制技术股份有限公司 董事长: 2021 年 4 月 22 日 1 / 26 2021 年第一季度报告 公司代码：600435 公司简称：北方导航 北方导航控制技术股份有限公司 2021 年第一季度报告 2 / 26 2021 年第一季度报告 一、 二、 11Í 四、 | --- | |----------------| | 目录 | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 3 / 26 2021 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 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 公司负责人浮德海、主管会计工作负责人周静及会计机构负责人（会计主管人员）苏芃保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2. ...