中信证券股份有限公司 关于航天时代电子技术股份有限公司 使用部分闲置募集资金暂时补充流动资金的核查意见 中信证券股份有限公司（以下简称"中信证券"、"保荐人"）作为航天时代 电子技术股份有限公司（以下简称"航天电子"或"公司"）向特定对象发行 A 股股票持续督导工作的保荐人，根据《证券发行上市保荐业务管理办法》《上海 证券交易所上市公司自律监管指引第 11 号——持续督导》《上海证券交易所股票 上市规则》《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管 要求》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等有关规 定，对航天电子拟使用部分闲置募集资金暂时补充流动资金事项进行了审慎核查， 核查情况及核查意见如下： 一、募集资金基本情况 公司2021年向特定对象发行A股股票募集资金总额为4,135,599,997.99元， 扣除不含税的发行费用后，实际募集资金净额为 4,115,913,875.77 元。上述募集 资金已于 2023 年 7 月 18 日到账，经中兴财光华会计师事务所（特殊普通合伙） 验证并出具了《航天时代电子技术股份有限公司验资报告》（中兴财光华审验字 （2023） ...

2023 年第一季度报告 单位：元 币种：人民币 证券代码：600879 证券简称：航天电子 航天时代电子技术股份有限公司 2023 年第一季度报告 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。 重要内容提示 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | |-----------------------------------------------|-------------------|-------------------------------------| | 项目 | 本报告期 | 本报告期比上年同期增 减变动幅度 (%) | | 营业收入 | 4,460,822,259.01 ...

Financial Performance - The company's operating revenue for 2022 was CNY 17,475,651,488.90, representing a 9.30% increase from CNY 15,989,205,732.24 in 2021[18]. - Net profit attributable to shareholders for 2022 was CNY 610,530,378.50, an increase of 11.17% compared to CNY 549,201,381.58 in 2021[18]. - The net cash flow from operating activities for 2022 was negative CNY 1,377,241,798.68, a significant decrease from positive CNY 239,119,604.30 in 2021, reflecting a 675.96% decline[18]. - The total assets at the end of 2022 were CNY 44,234,849,950.72, which is a 31.63% increase from CNY 33,605,699,191.89 at the end of 2021[18]. - Basic earnings per share for 2022 were CNY 0.225, up 11.39% from CNY 0.202 in 2021[19]. - The weighted average return on equity for 2022 was 4.482%, an increase of 0.24 percentage points from 4.238% in 2021[19]. - The gross profit margin for 2022 was 19.62%, slightly down from 20.07% in the previous year[25]. - The company's net assets attributable to shareholders increased by 18.00% to CNY 15,644,175,256.48 at the end of 2022 from CNY 13,258,319,080.79 at the end of 2021[18]. - The company achieved a total revenue of 17.476 billion yuan, with aerospace product revenue at 12.427 billion yuan, an increase of 6.04% year-over-year, and civil product revenue at 4.853 billion yuan, an increase of 18.05% year-over-year[25]. - The company reported a net profit of CNY 105,825,114.58 in Q4 2022, down from CNY 166,481,783.60 in Q1 2022[21]. Cash Flow and Liquidity - The company experienced a significant decline in cash flow from operating activities, indicating potential liquidity challenges moving forward[21]. - The net cash flow from operating activities for 2022 was -RMB 1,377,241,798.68, a decline of 675.96% from RMB 239,119,604.30 in the same period last year[35]. - The company reported a net cash outflow from investing activities of -RMB 884,752,518.30, which is a 66.46% increase in outflow compared to -RMB 531,515,357.26 last year[35]. - The total cash inflow from financing activities reached 23,376,243,545.50 RMB in 2022, up from 13,470,375,263.67 RMB in 2021, reflecting increased borrowing and investment activities[181]. - Cash and cash equivalents at the end of 2022 totaled 4,855,682,499.16 RMB, a significant increase from 2,010,650,560.10 RMB at the end of 2021, showing improved liquidity[181]. Research and Development - R&D expenses grew by 24.31% compared to the previous year, reflecting the company's commitment to innovation[25]. - The company’s total R&D investment amounted to RMB 1,203,101,304.24, accounting for 6.88% of operating revenue[43]. - The company has a total of 962 R&D personnel, accounting for 6.08% of the total workforce[44]. - Among the R&D personnel, there are 182 with doctoral degrees and 590 with master's degrees[44]. - The company is focusing on core technology development in unmanned systems and high-end intelligent equipment, achieving breakthroughs in key technologies[25]. Market and Industry Outlook - The aerospace industry is strategically important for national security, with satellite communication, navigation, and remote sensing products being integral to national infrastructure[26]. - The national government is expected to increase investment in the aerospace industry, providing material and technical support for defense modernization[26]. - The company is actively expanding its international market presence and enhancing trust with users through project execution[25]. - The wire and cable industry is projected to see an increase in concentration and technological advancement, with special cables becoming a major growth point[58]. - The company anticipates significant growth in the unmanned systems and high-end intelligent equipment sectors, driven by advancements in artificial intelligence and supportive national policies[58]. Governance and Compliance - The company has ensured that all board members can guarantee the authenticity, accuracy, and completeness of the annual report[4]. - The company has not violated decision-making procedures for providing guarantees[4]. - The company has implemented measures to maintain independence from its controlling shareholders and mitigate any potential conflicts of interest[68]. - The company continues to improve its governance structure and compliance with relevant laws and regulations to enhance operational quality[67]. - The company has a total of 10 independent directors, with remuneration for independent directors being 10 million CNY each[72]. Shareholder and Capital Management - The company plans to distribute cash dividends of 0.70 RMB per 10 shares based on a total share capital of 2,719,271,284 shares as of December 31, 2022[3]. - The company has established a cash dividend policy, distributing at least 30% of the average distributable profit over the last three years, amounting to a cash dividend of approximately ¥190.35 million, which is 31.18% of the net profit attributable to ordinary shareholders[97]. - The company has not reported any changes in shareholding for the current and departing directors and supervisors, with all holding zero shares at the beginning and end of the year[72]. - The company has not reported any significant changes in its stock incentive plans or employee stock ownership plans during the reporting period[98]. - The company has a total of 15 subsidiaries, with significant holdings including 87.85% in Aerospace Changzheng and 100% in Guilin Aerospace[195]. Environmental and Social Responsibility - The company invested ¥1,393.50 million in environmental protection during the reporting period[105]. - The company has been recognized as a key pollutant discharge unit, with specific environmental management measures in place[106]. - The company allocated 1 million yuan to support poverty alleviation and rural revitalization projects in Taibai County, primarily for the development of industrial poverty alleviation projects[114]. - The company implemented carbon reduction measures, successfully reducing carbon dioxide equivalent emissions by 1,877 tons through the use of carbon reduction technologies in production processes[110]. - The company has achieved full coverage of business training for employees, enhancing their skills and management capabilities[93].

证券代码：600879 证券简称：航天电子 公告编号：临 2023-003 航天时代电子技术股份有限公司 关于召开 2022 年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： （三） 召开方式：上证路演中心网络互动 三、 参加人员 公司董事长： 姜 梁先生 公司独立董事： 鲍恩斯先生 公司副总裁兼董事会秘书： 吕 凡先生 公司副总裁兼财务总监： 徐洪锁先生 四、 投资者参加方式 航天时代电子技术股份有限公司（以下简称"公司"）将于 2023 年 3 月 31 日发 布公司 2022 年度报告，详情请届时查阅《中国证券报》、《上海证券报》、《证券时报》 及上海证券交易所网站（www.sse.com.cn）相关公告。为便于广大投资者更全面深入 地了解公司 2022 年度业绩、分红及经营情况，公司拟于 2023 年 04 月 06 日 下午 14:00-15:00 举行 2022 年度业绩暨现金分红说明会，就投资者关心的问题进行交流。 一、业绩说明会类型 本次业绩说明会以网络互动形 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥3,563,322,920.02, a decrease of 14.19% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2022 was ¥146,608,638.93, an increase of 40.52% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥135,812,038.57, reflecting a 42.31% increase compared to the previous year[4] - The basic earnings per share for Q3 2022 was ¥0.054, up 42.11% from the same period last year[5] - Net profit for Q3 2022 was ¥519,542,462.63, compared to ¥455,003,530.89 in Q3 2021, representing an increase of 14.2%[19] - Earnings per share for Q3 2022 were ¥0.186, up from ¥0.158 in Q3 2021, indicating a growth of 17.7%[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥38,934,846,030.92, representing a 15.86% increase from the end of the previous year[5] - The company's total liabilities as of Q3 2022 amounted to ¥23,746,324,104.69, an increase from ¥19,490,144,287.56 in the previous year, reflecting a growth of 21.5%[17] - The total equity attributable to shareholders reached ¥13,860,213,895.46 in Q3 2022, compared to ¥13,258,319,080.79 in Q3 2021, marking an increase of 4.5%[17] - The company's non-current assets totaled approximately ¥6.67 billion, an increase from ¥6.44 billion, representing a growth of about 3.6%[15] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥2,804,670,953.89, a decrease of 178.14% compared to the same period last year[5] - The cash inflow from operating activities for the first three quarters of 2022 was CNY 8,236,032,133.64, a decrease of 13.3% compared to CNY 9,497,421,415.18 in the same period of 2021[22] - The net cash flow from operating activities was -CNY 2,804,670,953.89, worsening from -CNY 1,008,382,553.01 in the previous year[22] - The total cash inflow from financing activities increased to CNY 13,888,939,289.91, up 30.5% from CNY 10,601,365,042.96 in the same period last year[23] - The net cash flow from financing activities was CNY 2,716,336,510.09, a significant improvement from -CNY 658,982,765.66 in the previous year[23] Operational Metrics - The weighted average return on equity for Q3 2022 was 1.068%, an increase of 0.27 percentage points compared to the previous year[5] - The company reported a significant increase in accounts payable and advance receipts, which reached approximately ¥8.95 billion, up from ¥5.16 billion, an increase of about 73.5%[15] - Accounts receivable increased significantly to approximately ¥9.66 billion, up from ¥5.01 billion, marking an increase of about 92.5%[14] - Inventory rose to approximately ¥15.87 billion, compared to ¥14.01 billion, reflecting an increase of about 13.3%[15] Shareholder Information - The company has a strong shareholder base, with the largest shareholder holding 21.57% of the shares, indicating a stable ownership structure[10] - The company plans to issue up to 646,187,500 new shares through a non-public offering, approved by the China Securities Regulatory Commission[12] Research and Development - Research and development expenses for the first three quarters of 2022 were ¥589,627,419.06, up from ¥413,047,101.28 in 2021, showing a significant increase of 42.7%[18] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to approximately ¥1.49 billion from ¥2.20 billion, a decline of about 32.5%[14] - The cash and cash equivalents at the end of the period stood at CNY 1,300,640,453.80, compared to CNY 918,475,275.78 at the end of the same period last year[23] - The company's cash and cash equivalents increased to ¥2,026,857,243.77 in Q3 2022 from ¥2,655,131,848.50 in the previous year, indicating a decrease of 23.6%[16]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 3,685,218,545.60, representing a year-on-year increase of 27.58%[4] - The net profit attributable to shareholders of the listed company was CNY 166,481,783.60, up 29.85% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 155,569,722.92, reflecting a 25.19% increase year-on-year[4] - The basic earnings per share for the period was CNY 0.061, an increase of 29.79% year-on-year[4] - Total revenue for Q1 2022 reached ¥3,685,218,545.60, a 27.6% increase from ¥2,888,467,047.84 in Q1 2021[17] - Net profit for Q1 2022 was ¥169,976,663.63, representing a 23.6% increase compared to ¥137,509,497.32 in Q1 2021[18] - Basic earnings per share for Q1 2022 were ¥0.061, up from ¥0.047 in Q1 2021, reflecting a 29.8% increase[19] - The total comprehensive income for Q1 2022 was ¥170,717,120.62, compared to ¥137,509,497.32 in Q1 2021, indicating a growth of 24.1%[18] Cash Flow - The net cash flow from operating activities was negative at CNY -1,599,328,838.30, a decrease of 159.96% compared to the previous year[4] - Cash flow from operating activities for Q1 2022 showed a net outflow of ¥1,599,328,838.30, compared to a net outflow of ¥615,213,505.28 in Q1 2021[20] - The net cash inflow from investment activities was -143,763,856.33, compared to -108,763,912.01 in the previous year, indicating a significant increase in cash outflow for investments[21] - The total cash inflow from financing activities was 4,585,672,362.39, down from 5,940,865,042.96 in the previous year, reflecting a decrease of approximately 22.8%[21] - The net cash flow from financing activities was 602,901,552.93, a turnaround from -1,202,134,227.61 in the previous year, showing a positive shift in financing[21] - The cash outflow for financing activities totaled 3,982,770,809.46, compared to 7,142,999,270.57 in the previous year, indicating a reduction of approximately 44.4%[21] - The cash inflow from loans was 4,356,500,000.00, down from 5,889,000,000.00 in the previous year, reflecting a decrease of about 26.0%[21] - The cash outflow for dividends, profits, or interest payments was 36,451,200.48, significantly lower than 113,714,942.92 in the previous year, indicating a reduction of approximately 67.9%[21] - The net increase in cash and cash equivalents was -1,140,196,501.70, compared to -1,926,106,500.50 in the previous year, showing an improvement in cash flow management[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 34,180,112,121.53, a 1.71% increase from the end of the previous year[5] - The equity attributable to shareholders of the listed company was CNY 13,448,591,248.48, up 1.44% from the previous year[5] - The company's total equity attributable to shareholders increased to RMB 13,448,591,248.48 from RMB 13,258,319,080.79, reflecting a growth of about 1.44%[15] - The total liabilities of the company amounted to RMB 19,685,668,193.99, up from RMB 19,490,144,287.56, which is an increase of approximately 1.00%[15] - The company's cash and cash equivalents decreased to RMB 986,792,573.19 from RMB 2,203,838,627.71, representing a decline of about 55.22%[13] - Accounts receivable increased significantly to RMB 6,946,068,000.26 from RMB 5,013,897,867.93, marking an increase of approximately 38.49%[13] - Inventory rose to RMB 14,760,580,594.21 from RMB 14,011,836,538.09, indicating an increase of about 5.31%[14] - The company reported a decrease in short-term borrowings to RMB 3,293,000,000.00 from RMB 4,375,000,000.00, a reduction of approximately 24.77%[15] - The company’s other current liabilities increased to RMB 3,257,606,453.25 from RMB 2,655,131,848.50, representing an increase of about 22.66%[15] - The company’s retained earnings rose to RMB 5,588,450,630.73 from RMB 5,421,968,847.13, showing an increase of approximately 3.08%[15] Investment and Financing Activities - The company plans to issue up to 646.1875 million A shares, raising no more than RMB 4.1356 billion, with a cash subscription of RMB 500 million from a related company[12] - The company received 200,000,000.00 in cash from minority shareholders' investments, a significant increase from 51,865,042.96 in the previous year[21] - The total cash inflow from investment activities was 116,922.00, compared to 37,688.00 in the previous year, indicating a notable increase in cash recovery from asset disposals[21] - Research and development expenses for Q1 2022 were ¥115,482,033.00, slightly down from ¥116,370,433.12 in Q1 2021[18] - The company reported an investment income of ¥292,784.79 in Q1 2022, a significant recovery from a loss of ¥1,867,019.97 in Q1 2021[18]

Financial Performance - The company achieved a net profit of ¥101,154,123.03 for the year 2021, with a statutory surplus reserve of ¥10,115,412.30, resulting in a total distributable profit of ¥447,885,159.46[7]. - The company plans not to distribute profits for the year 2021, pending approval from the shareholders' meeting[7]. - The company has a total of ¥356,846,448.73 in undistributed profits at the beginning of the year[7]. - The company's operating revenue for 2021 was CNY 15,989,205,732.24, representing a 14.14% increase compared to 2020[24]. - The net profit attributable to shareholders of the listed company reached CNY 549,201,381.58, up 14.79% from the previous year[24]. - The basic earnings per share for 2021 was CNY 0.202, reflecting a 14.77% increase compared to 2020[25]. - The weighted average return on equity increased to 4.238% in 2021, up 0.44 percentage points from 2020[25]. - The net profit after deducting non-recurring gains for 2021 was CNY 489,440,388.01, a 20.85% increase from 2020[24]. - The company achieved a significant increase in net assets attributable to shareholders, reaching CNY 13,258,319,080.79, up 4.61% from the previous year[24]. Assets and Liabilities - The total assets at the end of 2021 were CNY 33,605,699,191.89, a 7.69% increase from the end of 2020[24]. - As of the end of 2021, total assets reached 33.606 billion yuan, a 7.69% increase from the previous year, with inventory accounting for 41.69% and accounts receivable for 18.30%[38]. - The company’s total liabilities at the end of 2021 were 19.490 billion yuan, a 9.20% increase from the previous year, with short-term borrowings making up 30.66% of total liabilities[38]. - The company's inventory balance as of December 31, 2021, was ¥14,032,478,043.37, with a provision for inventory impairment of ¥20,641,505.28, representing 41.69% of total assets[190]. - The debt-to-asset ratio increased to 58.00% from 57.20% in the previous year, indicating a slight rise in leverage[182]. Cash Flow and Financial Health - The net cash flow from operating activities decreased by 50.26% to CNY 239,119,604.30 in 2021[24]. - The company’s cash flow from operating activities was 2.39 billion yuan, indicating a continuous improvement in operating cash flow for three consecutive years[38]. - Cash and cash equivalents at the end of the period were 2,203,838,627.71 yuan, a decrease of 28.28% from the previous period due to increased cash flow used for debt repayment[74]. - The company’s cash interest coverage ratio dropped significantly by 58.05% to 1.25, due to increased labor costs and taxes, leading to reduced cash flow from operating activities[182]. - The company anticipates an increase in operational cash flow needs due to the expansion of its business scale, estimating a liquidity requirement of about 192 billion RMB for daily operations[127]. Research and Development - The company accelerated R&D in core technologies such as artificial intelligence and achieved engineering application of the landing vision/inertial combination navigation system[35]. - The company increased its R&D investment, leading to a rise in capitalized R&D expenses[62]. - The total R&D investment amounted to 890,139,236.56 yuan, representing 5.57% of operating revenue, with capitalized R&D accounting for 19.28% of total R&D expenditure[70]. - R&D expenses increased by 25.68% to 718.54 million RMB, indicating a strong focus on innovation[61]. - The company is committed to enhancing its research and development capabilities in the unmanned systems and high-end intelligent equipment sectors[85]. Market and Industry Outlook - The company is focusing on the aerospace electronics, unmanned systems, and high-end intelligent equipment industries to drive growth and innovation[88]. - The demand for high-end intelligent equipment is expected to grow several times during the "14th Five-Year Plan" period due to the push for smart governance and digital infrastructure[44]. - The market for unmanned transportation systems is projected to see several times growth during the "14th Five-Year Plan" period, driven by increasing logistics transportation needs[45]. - The company is focusing on high-quality development and innovation-driven strategies to strengthen its market position[88]. - The company identifies the potential for increased competition in the electric wire and cable industry, particularly in the high-end market segment[87]. Governance and Compliance - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[9]. - The company has not violated decision-making procedures for providing guarantees[9]. - The company has established a clear governance structure with defined responsibilities among the shareholders' meeting, board of directors, and supervisory board[97]. - The company is committed to enhancing its governance structure and has completed a self-inspection report to improve its governance level[97]. - The company has not reported any significant litigation or arbitration matters for the year[147]. Risks and Challenges - The company faces various risks including market risk, financial risk, operational risk, competition risk in the wire and cable industry, and goodwill and inventory impairment risk[10]. - The company is addressing financial risks related to working capital turnover and increasing accounts receivable due to long production cycles[90]. - The company faces significant market risks due to intensified competition in weapon procurement and potential adjustments in equipment plans[90]. - The company recognizes the need to adapt to national industrial policy adjustments and the impacts of the ongoing COVID-19 pandemic on economic growth[90]. - The company faces risks of declining gross margins due to increased competition across various sectors and rising financial costs from financing operations[92]. Shareholder Information - The largest shareholder, China Aerospace Times Electronics Co., Ltd., holds 586,634,344 shares, accounting for 21.57% of total shares[167]. - The company’s total number of ordinary shareholders decreased from 171,954 to 163,309 during the reporting period[165]. - The company has a total of 10 major shareholders, with the top three being state-owned enterprises[169]. - The controlling shareholder is China Aerospace Science and Technology Corporation, which oversees multiple listed companies[171]. - The company has not reported any changes in shareholding for all directors and senior management during the reporting period[101].

Financial Performance - The company's operating revenue for Q3 2021 was ¥4,152,382,467.16, representing a year-on-year increase of 32.19%[4] - The net profit attributable to shareholders for Q3 2021 was ¥104,336,550.62, showing a decrease of 23.98% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date was ¥412,435,958.14, reflecting an increase of 36.72%[4] - Basic earnings per share for Q3 2021 were ¥0.038, down 24.00% year-on-year[5] - Total operating revenue for Q3 2021 reached ¥11,006,461,348.99, a 26.5% increase compared to ¥8,716,100,429.22 in Q3 2020[18] - Operating profit for Q3 2021 was ¥481,145,011.59, up from ¥416,660,056.07 in Q3 2020, reflecting a growth of 15.5%[19] - Net profit for Q3 2021 was ¥455,003,530.89, compared to ¥362,417,239.99 in Q3 2020, representing a 25.5% increase[19] - Basic earnings per share for Q3 2021 were ¥0.158, an increase from ¥0.126 in Q3 2020[20] - The total comprehensive income attributable to the parent company's owners for Q3 2021 was ¥430,018,983.88, compared to ¥354,897,496.51 in Q3 2020, an increase of 21.1%[20] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥1,008,382,553.01, which is a decrease of 33.69% compared to the same period last year[4] - Cash inflow from operating activities in the first three quarters of 2021 was ¥9,497,421,415.18, compared to ¥6,384,657,386.00 in the same period of 2020, marking a 48.5% increase[21] - The net cash flow from operating activities was -1,008,382,553.01, an improvement from -1,520,805,474.08 in the previous year, indicating a 33.6% reduction in cash outflow[22] - Total cash and cash equivalents at the end of the period stood at 918,475,275.78, compared to 625,878,129.10 at the end of the previous year, reflecting a 46.7% increase[23] - Cash outflow from investing activities was -291,970,562.34, compared to -253,661,258.19 in the same period last year, showing a 15.1% increase in cash outflow[22] - Cash inflow from financing activities totaled 10,601,365,042.96, slightly up from 10,070,786,139.86 in the previous year, marking a 5.3% increase[22] - The company’s cash outflow for employee compensation was 2,796,808,872.28, up from 2,221,238,919.67, reflecting a 25.9% increase[22] - The cash paid for taxes was 299,534,446.67, compared to 200,344,106.24 in the previous year, representing a 49.3% increase[22] - The company’s cash flow from financing activities resulted in a net outflow of -658,982,765.66, worsening from -214,343,315.49 in the previous year, indicating a significant increase in cash outflow[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥34,245,133,885.00, an increase of 9.74% from the end of the previous year[5] - Current assets totaled RMB 28,546,495,943.49, compared to RMB 25,434,415,909.56 in the previous year, indicating an increase of about 8.3%[16] - Total liabilities reached RMB 20,387,547,709.78, compared to RMB 17,848,850,708.81, reflecting an increase of approximately 8.6%[17] - Short-term borrowings surged to RMB 5,299,500,000.00 from RMB 2,843,000,000.00, indicating an increase of about 86.5%[17] - The company has a total of 20,146,755,947.52 in current liabilities, which is an increase from 17,682,793,784.14, indicating a growth of about 8.3%[17] - Total liabilities amounted to approximately ¥17.85 billion[26] - Total equity reached approximately ¥13.36 billion, with parent company equity at approximately ¥12.67 billion[26] - Non-current liabilities totaled approximately ¥166.06 million[26] - Deferred income was reported at approximately ¥105.03 million[26] - The company has an undistributed profit of approximately ¥4.88 billion[26] - Long-term payables were recorded at approximately ¥49.86 million[26] - The capital reserve stands at approximately ¥4.78 billion[26] - Minority interests accounted for approximately ¥682.38 million[26] - Total assets and equity combined reached approximately ¥31.20 billion[26] Shareholder Information - The company had a total of 167,835 common shareholders at the end of the reporting period[9] - The largest shareholder, China Aerospace Times Electronics Co., Ltd., held 586,634,344 shares, accounting for 21.57% of the total shares[9] - The company reported a total of 586,634,344 shares held by its largest shareholder, China Aerospace Times Electronics Co., Ltd.[11]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥6,854,078,881.83, representing a 22.95% increase compared to ¥5,574,880,193.60 in the same period last year[13]. - The net profit attributable to shareholders of the listed company was ¥325,482,549.38, up 58.20% from ¥205,742,927.80 in the previous year[13]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥317,002,115.85, an increase of 80.10% compared to ¥176,018,101.05 in the same period last year[13]. - Basic earnings per share increased by 57.89% to CNY 0.120 compared to the same period last year[14]. - Diluted earnings per share also rose by 57.89% to CNY 0.120 year-on-year[14]. - The total profit reached 365 million RMB, reflecting a growth of 39.64% compared to the previous year[28]. - The gross profit margin improved by 2.82% compared to the same period last year[28]. - The total comprehensive income for the period was approximately ¥342.52 million, compared to ¥215.81 million in the previous period, representing an increase of 58.7%[102]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥1,037,209,601.78, showing a slight improvement of 3.72% from -¥1,077,336,107.26 in the previous year[13]. - The company's cash and cash equivalents decreased by 63.02% to ¥1,136,180,336.52, primarily due to payments for goods and the redemption of short-term financing bonds[32]. - The cash flow from operating activities was negative at approximately ¥1.04 billion, slightly improved from a negative cash flow of ¥1.08 billion in the previous period[106]. - The total cash inflow from operating activities was approximately ¥5.39 billion, compared to ¥3.91 billion in the previous period, showing a growth of 37.9%[106]. - The net cash flow from financing activities was -626,791,742.64 CNY, compared to -448,387,810.68 CNY in the previous period, indicating a decline in financing activities[108]. - The net increase in cash and cash equivalents was -1,875,930,255.80 CNY, compared to -1,639,800,107.48 CNY in the previous year, indicating ongoing liquidity challenges[108]. Assets and Liabilities - Total assets at the end of the reporting period were ¥32,486,959,815.54, reflecting a 4.11% increase from ¥31,204,993,449.26 at the end of the previous year[13]. - Total liabilities increased by 5.04% to 18.75 billion RMB, with accounts payable and notes payable rising by 22.64%[28]. - The company's accounts receivable increased by 29.42% to ¥8,061,321,038.86, attributed to revenue growth[32]. - The company's total liabilities reached CNY 18.75 billion, compared to CNY 17.85 billion, reflecting a rise of about 5.0%[95]. - The company's asset-liability ratio increased slightly to 57.71%, up from 57.20% at the end of the previous year[91]. Research and Development - Research and development expenses surged by 121.65%, amounting to 267 million RMB, indicating a strong focus on innovation[30]. - The company is actively involved in research and development of new technologies and products, particularly in the aerospace sector[124]. - The company has established multiple production bases and R&D centers to support its operational capabilities[19]. Market and Industry Outlook - The company operates in aerospace electronics, unmanned systems, IoT, and high-end intelligent equipment sectors, with significant growth expected in these areas[17]. - The demand for unmanned systems is projected to grow several times during the "14th Five-Year Plan" period due to increasing logistics needs[20]. - The IoT and high-end intelligent equipment market is anticipated to experience substantial growth driven by national initiatives for digital infrastructure[22]. Environmental Responsibility - The company has been listed as a key pollutant discharge unit in Zhengzhou, indicating its commitment to environmental responsibility[46]. - The company has reported that its total chromium emissions are within the regulatory limits, demonstrating compliance with environmental standards[47]. - The company has implemented measures to enhance energy conservation and environmental protection awareness among employees[56]. - The company has established an emergency response plan for environmental incidents, which has been filed with local environmental authorities[52]. Corporate Governance - The company has ensured the independence of its financial operations, maintaining a separate financial accounting department and independent financial decision-making[60]. - The company has committed to not interfering with the normal operations of the listed company and ensuring the independence of its assets and operations[60]. - The company has appointed Xu Hongshuo as the Chief Financial Officer, effective until June 21, 2023[43]. Audit and Compliance - The company has appointed Zhongxing Caiguanghua Accounting Firm as the auditor for the 2021 financial report, which was approved at the 2020 annual shareholders' meeting[61]. - The company has no significant changes or issues related to non-standard audit opinions from the previous annual report[61]. - There are no significant lawsuits or arbitration matters reported during the reporting period[62]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 171,890[78]. - The largest shareholder, China Aerospace Times Electronics Co., held 586,634,344 shares, accounting for 21.57% of the total shares[79].