2020 年第一季度报告 公司代码：603322 公司简称：超讯通信 超讯通信股份有限公司 2020 年第一季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 2020 年第一季度报告 一、 重要提示 二、 公司基本情况 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 | 2,203,928,098.73 | 2,233,346,926.88 | -1.32 | | 归属于上市公司 | 376,693,561.08 | 381,297,537.05 | -1.21 | | 股东的净资产 | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | 经营活动产生的 | -145,912,100.79 | -190,131,923.99 | 不适用 | | 现金流量净额 | | | | | | ...

Financial Performance - The company's operating revenue for 2019 was approximately ¥1.27 billion, a decrease of 9.15% compared to ¥1.39 billion in 2018[22]. - The net profit attributable to shareholders was a loss of approximately ¥93.34 million, a decline of 475.73% from a profit of ¥24.84 million in 2018[22]. - The basic earnings per share for 2019 was -¥0.68, compared to ¥0.25 in 2018, indicating a significant downturn[23]. - The company reported a cash flow from operating activities of approximately ¥39.00 million, down 20.01% from ¥48.76 million in 2018[22]. - The total revenue from the top five customers amounted to 829.80 million RMB, accounting for 59.50% of the annual sales total[57]. - The largest customer, China Mobile Communications Group, contributed 579.74 million RMB, representing 41.57% of total sales[58]. - The company's total revenue for 2019 was CNY 1,266,924,953.05, primarily from providing communication technology services and related product sales[167]. Assets and Liabilities - The total assets at the end of 2019 were approximately ¥2.23 billion, a slight increase of 0.98% from ¥2.21 billion at the end of 2018[22]. - The net assets attributable to shareholders decreased by 21.97% to approximately ¥381.30 million from ¥488.67 million in 2018[22]. - The company's total liabilities amounted to 2,227,000,000.00, with accounts payable decreasing by 4.15% to 679,713,389.69, which is 30.43% of total liabilities[70]. - The company's accounts receivable balance as of December 31, 2019, was CNY 1,407,287,561.35, with a provision for bad debts of CNY 179,983,638.94, resulting in a net value of CNY 1,227,303,922.41, which accounted for 54.95% of total consolidated assets[166]. - The company's total assets increased to ¥2,233,346,926.88 from ¥2,211,725,174.08, marking a growth of about 1.0% year-over-year[179]. Research and Development - Research and development expenses increased by approximately ¥11.87 million, attributed to the consolidation of three wholly-owned subsidiaries and increased investment in R&D[24]. - R&D expenses increased by 18.98% to CNY 74,405,542.98, reflecting a focus on enhancing independent R&D capabilities[44]. - The company developed prototypes for 5G base stations and completed NB-IoT base station testing during the reporting period[42]. - The company plans to increase R&D investment, particularly in 5G and IoT technologies, to enhance innovation capabilities and support sustainable development[81]. Strategic Initiatives - The company is in a critical stage of strategic transformation, integrating resources and enhancing management efficiency[41]. - The company aims to optimize its business structure and improve profitability while expanding into new areas such as smart streetlight poles and distributed energy cabinets[80]. - The company plans to enhance its market presence in regions with declining revenues, such as Central and Western China[50]. - The company is exploring potential mergers and acquisitions to bolster its market position and expand its service offerings[144]. Governance and Compliance - The company received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[4]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management[8]. - The company has established a robust internal control system to manage insider information and ensure compliance with regulations[153]. - The company has a history of maintaining compliance with labor laws and regulations[98]. Shareholder Matters - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the fiscal year 2019[5]. - The company has not proposed a cash profit distribution plan for 2019 despite having positive distributable profits, indicating a cautious approach to cash distribution[94]. - The company committed to repurchase shares if the stock price falls below the net asset value per share within three years post-IPO, subject to shareholder approval and regulatory compliance[95]. - The company will ensure that any share repurchase does not lead to a non-compliance with listing conditions regarding share distribution[96]. Market and Revenue Trends - Revenue in North China reached ¥329.89 million, an increase of 25.43% compared to the previous year[49]. - South China saw revenue of ¥372.11 million, marking a 19.49% increase year-over-year[49]. - The company reported a 45.30% increase in overseas revenue, totaling ¥6.55 million[49]. - The company’s revenue from telecommunications services reached 1.31 trillion yuan, reflecting a growth of 0.8% year-on-year[71]. Risks and Challenges - The company has detailed potential risks in the "Discussion and Analysis of Operating Conditions" section of the report[7]. - The company is aware of the risks associated with rapid technological changes in the telecom industry and will adjust its R&D direction accordingly[85]. - The company faces customer concentration risk, primarily relying on China Mobile, and plans to diversify its customer base to mitigate this risk[84]. - The company has a high proportion of accounts receivable, which poses a risk of bad debts, and will enhance dynamic management of accounts receivable to reduce this risk[84].

Financial Performance - Operating revenue for the first nine months was ¥934,817,643.59, reflecting a 1.05% increase year-on-year[7] - Net profit attributable to shareholders was -¥55,591,598.77, a decrease of 847.73% compared to the same period last year[7] - The weighted average return on equity decreased by 12.65 percentage points to -10.41%[7] - Basic earnings per share for the period was -¥0.36, down 427.27% from ¥0.11 in the previous year[7] - The company experienced a significant decline in net profit, indicating potential challenges in operational efficiency and market conditions[7] - Total profit decreased by 183.63% from CNY 34,636,065.99 to CNY -28,966,671.08, reflecting challenges in revenue expectations[15] - Net profit attributable to shareholders of the parent company decreased to -47,745,798.03 RMB, a decline of 534.21% compared to the previous period[16] - Total operating revenue for Q3 2019 was approximately ¥369.33 million, a slight decrease of 1.1% compared to ¥373.75 million in Q3 2018[28] - Net profit for Q3 2019 was approximately ¥6.82 million, a decrease of 64.7% compared to ¥19.31 million in Q3 2018[29] - The company reported a net loss of approximately ¥28.21 million for the first three quarters of 2019, compared to a net profit of ¥33.30 million in the same period of 2018[30] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥209,559,071.19 for the first nine months, compared to -¥130,576,698.24 in the previous year[7] - Cash and cash equivalents decreased by 54.81% from CNY 458,496,822.73 to CNY 207,195,878.33, primarily due to payments for due accounts payable[13] - Cash and cash equivalents decreased significantly to ¥144,055,636.24 from ¥339,499,387.64, a decline of 57.5%[25] - Cash paid for the acquisition of fixed assets rose by 66.30% to 16,903,653.76 RMB, mainly due to land purchase payments[16] - Cash flow from tax refunds increased by 227.10% to 1,936,372.78 RMB, primarily due to an increase in VAT refunds from software sales[16] - The net cash flow from operating activities for the first nine months of 2019 was -CNY 67.03 million, an improvement from -CNY 134.93 million in the same period of 2018[40] - Cash and cash equivalents at the end of the first nine months of 2019 were CNY 98.82 million, down from CNY 176.50 million at the end of the same period in 2018, reflecting a decline of about 44.1%[41] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,222,669,379.45, a 0.49% increase compared to the end of the previous year[7] - Total liabilities increased to ¥1,508,250,932.25, up from ¥1,346,203,726.69, representing a growth of approximately 12.0% year-over-year[26] - Current assets totaled ¥1,234,046,553.51, a decrease of 6.1% from ¥1,314,902,493.09 in the previous year[25] - Total assets amounted to ¥2,211,725,174.08, with current assets at ¥1,906,664,603.72 and non-current assets at ¥305,060,570.36[44] - Total liabilities reached ¥1,538,135,073.13, with current liabilities at ¥1,361,613,814.29 and non-current liabilities at ¥176,521,258.84[45] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,957[10] - The largest shareholder, Liang Jianhua, holds 73,206,000 shares, representing 46.77% of the total shares, with 39,718,000 shares pledged[10] - Shareholders' equity decreased to ¥381,703,535.40 from ¥449,954,785.53, reflecting a decline of about 15.1%[26] - The total equity attributable to shareholders was ¥488,672,137.15, with minority interests at ¥184,917,963.80[46] Expenses and Impairments - Sales expenses increased by 45.09% from CNY 22,386,990.19 to CNY 32,481,483.16, as all three subsidiaries were included in the consolidation scope[15] - Financial expenses grew by 78.27% from CNY 15,217,819.11 to CNY 27,128,173.71, primarily due to an increase in borrowings[15] - Asset impairment losses surged by 122.94% from CNY 17,474,463.18 to CNY 38,958,184.96, mainly due to increased bad debts in subsidiaries[15] - The company incurred asset impairment losses of approximately ¥18.90 million in Q3 2019, compared to ¥5.80 million in Q3 2018[29] - The company recorded an asset impairment loss of CNY 21.51 million in the first three quarters of 2019, compared to CNY 11.30 million in the previous year[33] Research and Development - Research and development expenses for the first three quarters of 2019 were approximately ¥48.99 million, an increase of 10.4% compared to ¥44.40 million in the same period of 2018[28] - The company's R&D expenses in the first three quarters of 2019 were CNY 28.63 million, a decrease of 5.1% from CNY 30.19 million in the previous year[32]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥565,484,049.12, representing a 2.56% increase compared to ¥551,354,180.23 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥48,917,741.64, a significant decrease of 1,913.62% from ¥2,697,248.34 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥55,489,138.77, down 6,367.88% from ¥885,293.43 in the same period last year[20]. - The net cash flow from operating activities was -¥262,641,088.48, compared to -¥171,965,369.88 in the previous year, indicating a worsening cash flow situation[20]. - The basic earnings per share for the reporting period is -0.41 CNY, a decrease of 1,466.67% compared to the same period last year[21]. - The weighted average return on net assets decreased by 11.17 percentage points to -10.62%[21]. - The company reported a significant increase in intangible assets by 50.84% to CNY 76,911,617.88, mainly due to the inclusion of Haopu Environmental in the consolidated scope[42]. - The company reported a net loss of 51,905,408.38 RMB for the first half of 2019, compared to a net loss of 7,232,693.82 RMB in the same period last year, indicating a significant increase in losses[105]. - The comprehensive income for the period is RMB -51,905,408.38, reflecting a loss in overall financial performance[128]. Assets and Liabilities - Total assets decreased by 3.34%, amounting to ¥2,137,949,764.99 compared to ¥2,211,725,174.08 at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were ¥428,624,395.51, a decrease of 12.29% from ¥488,672,137.15 at the end of the previous year[20]. - The company's cash and cash equivalents decreased by 58.58% to approximately 189.90 million CNY due to payments of due liabilities[28]. - The company's total liabilities decreased to CNY 1,491,517,075.48 from CNY 1,538,135,073.13, a reduction of about 3.03%[93]. - The company's total owner's equity at the end of the reporting period is RMB 405,568,533.55, showing an increase from the previous period[130]. Revenue Streams and Business Operations - The company is expanding its business into IoT solutions, smart hardware manufacturing, and new energy services, diversifying its revenue streams[25]. - The company experienced a significant loss due to insufficient client budgets and investment releases in the communication technology service industry, leading to reduced revenue in regions like Guangdong, Guangxi, and Sichuan[21]. - The company successfully won bids for communication network construction projects in 15 provinces and maintenance projects in 7 provinces, ranking among the top bidders[31]. - The company operates in the communication technology service industry, focusing on manufacturing communication terminal equipment and software development[139]. - The company has a diverse range of services, including telecommunications, engineering, and technology solutions, contributing to its revenue streams[144]. Research and Development - R&D expenses increased by 23.84% to CNY 34.97 million, driven by the consolidation of three subsidiaries[35]. - The company is committed to adjusting its R&D direction in line with new information technology trends to ensure market relevance and competitiveness[52]. - The company maintains a focus on research and development, particularly in battery manufacturing and renewable energy solutions[144]. Risks and Challenges - The company has detailed potential risks in the report, which investors should review in the section discussing operational conditions[6]. - The company faces risks related to customer concentration, particularly dependence on China Mobile, which could significantly impact operational performance if their market position deteriorates[51]. - High accounts receivable ratios pose a risk of bad debts, with potential losses if major clients default, prompting the company to enhance dynamic management of receivables[51]. - Risks associated with mergers and acquisitions include integration challenges and the potential failure to achieve expected synergies, which the company aims to address through comprehensive management strategies[53]. Shareholder and Capital Management - The company did not propose any profit distribution or capital reserve transfer to increase share capital during the reporting period[4]. - The company has committed to repurchase shares if the stock price falls below the net asset value per share within three years of listing[57]. - The total amount used for share repurchase in a single fiscal year shall not exceed 30% of the audited net profit attributable to the parent company from the previous fiscal year[57]. - The company will ensure that the shareholding structure remains compliant with listing conditions after implementing stock price stabilization measures[57]. - The company has established labor contracts with all employees and ensures timely payment of wages and social insurance contributions[59]. Financial Reporting and Compliance - The financial statements are prepared based on the principle of going concern, indicating sustained profitability and financial resources[146]. - The company adheres to the accounting policies and estimates as per the relevant accounting standards, ensuring accurate financial reporting[147]. - The company has incorporated all controlled subsidiaries into its consolidated financial statements, reflecting a comprehensive view of its financial health[154]. - The company must disclose the accounting treatment for acquiring control of an investee through multiple transactions in the consolidated financial statements[155]. Future Outlook - The company plans to continue expanding its market presence and investing in new product development[116]. - The company has set a performance guidance for the next quarter, aiming for a revenue growth of approximately 10%[116].

Financial Performance - Operating revenue increased by 34.04% to CNY 289,654,450.52 compared to the same period last year[7]. - Net profit attributable to shareholders was a loss of CNY 26,885,925.11, worsening from a loss of CNY 8,172,093.04 in the previous year[7]. - Cash flow from operating activities showed a loss of CNY 190,131,923.99, compared to a loss of CNY 146,588,497.65 in the same period last year[7]. - Basic and diluted earnings per share were both -CNY 0.21, compared to -CNY 0.08 in the previous year[7]. - The company reported a net loss of CNY 28,485,807.12, compared to a net loss of CNY 7,436,627.67 in Q1 2018, representing an increase in losses of approximately 284%[29]. - The company reported an operating profit of CNY -14,540,649.50 for Q1 2019, worsening from CNY -4,969,382.91 in Q1 2018[26]. - The company's net profit is expected to decline due to rising labor costs and increased comprehensive costs[17]. Assets and Liabilities - Total assets decreased by 2.33% to CNY 2,160,172,183.01 compared to the end of the previous year[7]. - Current assets totaled ¥1,805,590,358.38, down from ¥1,900,664,603.72 at the end of 2018, indicating a reduction of approximately 5.0%[20]. - Total liabilities decreased to ¥1,478,100,804.95 from ¥1,538,135,073.13, reflecting a reduction of about 3.9%[21]. - The company's short-term borrowings increased to ¥440,909,000.00 from ¥371,900,000.00, marking an increase of approximately 18.6%[20]. - Total liabilities increased to CNY 1,374,726,621.94 in Q1 2019 from CNY 1,346,203,726.69 in the previous quarter, reflecting a growth of 2.8%[24]. - The company's total equity decreased to CNY 421,468,978.41 in Q1 2019 from CNY 449,954,785.53 in Q1 2018, a decline of 6.3%[24]. Cash Flow and Investments - Cash and cash equivalents decreased by 38.81% to ¥280,573,286.32 due to payments of due settlement amounts[13]. - Cash received from sales and services increased by 95.95% to ¥309,934,653.59, driven by improved collection efforts[16]. - The company reported a cash outflow of ¥150,143,000.00 for debt repayment, reflecting a 142.17% increase compared to the previous period[16]. - Operating cash inflow for Q1 2019 was CNY 331,296,525.42, up from CNY 184,687,344.63 in Q1 2018, indicating a growth of about 79.5%[32]. - Cash outflow for investing activities in Q1 2019 was CNY 32,612,222.22, significantly reduced from CNY 237,093,458.90 in Q1 2018, indicating a decrease of approximately 86.2%[33]. - The net cash flow from investment activities was -142,695,094.80 RMB in Q1 2019, compared to -242,088,868.90 RMB in Q1 2018, indicating a 41.0% improvement year-over-year[35]. Shareholder Information - The total number of shareholders at the end of the reporting period was 16,578[10]. - The largest shareholder, Liang Jianhua, held 46.69% of the shares, with 51,996,000 shares pledged[11]. - The company's retained earnings decreased to ¥132,148,675.19 from ¥154,969,861.57, a decline of about 14.7%[21]. Operating Costs and Expenses - Operating costs rose by 33.15% to ¥239,017,919.78, reflecting the inclusion of the same three subsidiaries[14]. - Research and development expenses increased by 48.82% to ¥17,528,767.70, attributed to the consolidation of subsidiaries[14]. - The company's total operating expenses in Q1 2019 were CNY 521,428,449.41, up from CNY 331,275,842.28 in Q1 2018, reflecting an increase of about 57.5%[32]. - Financial expenses surged by 259.73% to ¥8,244,900.32, mainly due to increased borrowings[14].

Financial Performance - The company's operating revenue for 2018 was CNY 1,394,544,255.45, representing a 46.98% increase compared to CNY 948,793,175.84 in 2017[23]. - The net profit attributable to shareholders for 2018 was CNY 24,842,766.23, a 16.20% increase from CNY 21,379,307.40 in 2017[23]. - The total assets at the end of 2018 reached CNY 2,211,725,174.08, marking a 71.71% increase from CNY 1,288,070,241.82 in 2017[24]. - The basic earnings per share for 2018 was CNY 0.25, down 7.41% from CNY 0.27 in 2017[25]. - The net cash flow from operating activities for 2018 was CNY 48,755,974.23, an increase of 27.81% compared to CNY 38,147,312.94 in 2017[24]. - The company reported a total revenue of RMB 1.5 billion for the fiscal year 2018, representing a year-over-year growth of 15%[107]. - The company provided guidance for 2019, projecting a revenue growth of 10% to 12%, aiming for a total revenue between RMB 1.65 billion and RMB 1.68 billion[107]. Shareholder Returns - The company plans to distribute a cash dividend of 1 RMB per 10 shares and increase capital by 4 shares for every 10 shares held, based on a total share capital of 111,300,000 shares after deducting 700,000 repurchased shares[5]. - The company has a cash dividend policy, distributing a total of 9.6 million RMB in cash dividends to shareholders based on a share capital increase of 32 million shares[100]. - For 2018, the company plans to distribute 1 RMB per share in cash dividends and increase share capital by 4 shares for every 10 shares held[101]. - The company will implement a profit distribution plan subject to shareholder approval, adjusting the total distribution amount based on changes in shareholding due to buybacks[102]. Acquisitions and Growth - The company completed the acquisition of Sanrui Electronics and Kangli IoT, enhancing its capabilities in the IoT sector[45]. - The company acquired 50.01% of Shanghai Sangrui Electronics Co., Ltd. on February 28, 2018, recognizing goodwill of CNY 114,456,280.78, and 51.00% of Guangdong Kanglida IoT Technology Co., Ltd. on May 31, 2018, recognizing goodwill of CNY 54,649,849.52, totaling CNY 169,106,130.30 in goodwill[181]. - The integration of subsidiaries Sangrui Electronics and Kangli IoT contributed approximately CNY 324,830,903.51 to operating revenue[51]. - The company plans to continue expanding its IoT applications and services, leveraging the recent acquisitions to enhance market presence[56]. Research and Development - The company is actively involved in the research and development of new technologies, including 5G and IoT solutions[12]. - Research and development expenses rose to CNY 62,536,302.95, marking a 75.53% increase, driven by enhanced investment in R&D[49]. - The company aims to enhance its research and development capabilities and increase investment in innovation to improve operational quality and achieve business objectives in 2019[93]. - The total R&D personnel count was 546, making up 16.36% of the total workforce[71]. Risk Management - The company has outlined potential risks in its operations, which are detailed in the report[8]. - The company emphasizes the importance of investment risk awareness in its forward-looking statements[6]. - The company acknowledges high accounts receivable and potential bad debt risks, and will strengthen dynamic management of accounts receivable to reduce losses[95]. - The company is aware of the risk of declining profits due to intensified market competition and will seek to diversify its business areas to reduce reliance on a single market[96]. Governance and Compliance - The company has established a comprehensive governance structure, ensuring accountability and transparency in its operations[10]. - The company has established labor contracts with all employees and ensures timely payment of wages and social insurance[106]. - The company will not engage in public financing if it fails to meet commitments[106]. - The company has not faced any risks of suspension or termination of listing during the reporting period[117]. Market Strategy - The company is focused on expanding its market presence and enhancing its product offerings in the telecommunications sector[10]. - The company operates in various regions, including South China, East China, and West China, indicating a broad market strategy[12]. - The company plans to continue expanding its market presence and invest in new technologies, particularly in 5G development, to maintain competitive advantages[82]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[107]. Financial Health - The total liabilities reached RMB 1,538,135,073.13, compared to RMB 797,517,105.88 at the beginning of the year, marking an increase of around 93.0%[191]. - The company's total assets increased significantly, with a notable rise in cash and cash equivalents by 325.11% to 64,745,177.19 RMB[75]. - The company's equity attributable to shareholders amounted to RMB 488,672,137.15, slightly down from RMB 490,553,135.94, indicating a decrease of about 0.4%[192]. - The company's cash and cash equivalents rose to RMB 458,496,822.73 from RMB 369,230,603.17, an increase of about 24.2%[190]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 3,337, with 2,526 in the parent company and 811 in subsidiaries[160]. - The professional composition includes 2,443 technical personnel and 546 R&D personnel, indicating a strong focus on technology and innovation[160]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 4.7642 million yuan[157]. - The company has established a performance-linked compensation system for senior management to ensure accountability and diligence[172].

2018 年第三季度报告 广东超讯通信技术股份有限公司 2018 年第三季度报告 1 / 23 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 12 | 2018 年第三季度报告 公司代码：603322 公司简称：超讯通信 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 公司负责人梁建华、主管会计工作负责人陈桂臣及会计机构负责人（会计主管人员）龙海花 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 23 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 2,020,632,270.07 1,288,070,241.82 56.87 归属于上市公司 股东的净 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 551,354,180.23, representing a 40.34% increase compared to CNY 392,868,391.11 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 2,697,248.34, a significant recovery from a loss of CNY 3,107,644.36 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 885,293.43, improving from a loss of CNY 7,468,026.35 in the same period last year[21]. - Basic earnings per share increased to CNY 0.03 from a loss of CNY 0.04 in the same period last year[22]. - Net profit attributable to shareholders reached CNY 13.73 million, driven by the consolidation of Sanrui Electronics and Kangli IoT, and significant improvement in the previously loss-making Yunnan business[23]. - The company reported a significant increase in net profit for the first half of 2018, with a year-on-year growth of 25%[66]. Cash Flow and Liquidity - The net cash flow from operating activities was -CNY 171,965,369.88, compared to -CNY 136,131,712.23 in the previous year, indicating ongoing cash flow challenges[21]. - Cash and cash equivalents decreased by 36.29% to CNY 235.24 million due to payments of due liabilities during the reporting period[31]. - The net cash flow from operating activities decreased due to payments for due settlement amounts during the reporting period[40]. - The company’s cash and cash equivalents at the end of the period amounted to RMB 235,240,196.48, a decrease from RMB 369,230,603.17 at the beginning of the period[200]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,915,549,002.91, an increase of 48.71% from CNY 1,288,070,241.82 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company decreased by 1.41% to CNY 483,650,384.28 from CNY 490,553,135.94 at the end of the previous year[21]. - Accounts receivable increased to CNY 1,149.25 million, up 42.02% due to the consolidation of Sanrui Electronics and Kangli IoT[39]. - Inventory rose significantly to CNY 100.49 million, a 625.36% increase attributed to the consolidation of Sanrui Electronics and Kangli IoT[39]. - Total liabilities reached CNY 1,265,370,295.62, compared to CNY 797,517,105.88, indicating a growth of 58.7%[96]. Investments and Acquisitions - The company completed acquisitions of Sanrui Electronics and Kangli IoT, enhancing its capabilities in the IoT sector[36]. - The company actively expanded into the IoT sector through acquisitions, enhancing its service offerings in utility and logistics[27]. - The company completed the acquisition of 50.01% of Sanrui Electronics for CNY 234.05 million and 51% of Kangli IoT for CNY 91.80 million during the reporting period[52]. Research and Development - Research and development expenses increased by 65.18% to CNY 28.24 million, reflecting a focus on 5G and IoT technologies[39]. - The company plans to continue increasing R&D expenditures in the future to enhance its technological capabilities[40]. - Research and development efforts are focused on two new technologies expected to be released by the end of 2018, which could enhance product offerings[66]. Market and Competitive Position - The company operates in a competitive telecommunications service industry, with increasing concentration and a shift towards integrated service providers[28]. - The company expanded its market presence by successfully bidding for projects in 13 provinces, including major telecom operators[36]. - The company plans to actively expand its customer base to mitigate risks associated with reliance on a single major customer, China Mobile[58]. Shareholder and Equity Information - The company did not distribute profits or increase capital reserves during the reporting period[4]. - The company did not propose any profit distribution or capital reserve fund transfer plan for the half-year period[62]. - The company has committed to repurchase shares if the stock price falls below the net asset value per share within three years post-IPO, subject to shareholder approval[63]. - The total equity attributable to the parent company at the end of the period was 650,178,707.29 RMB, showing a change from the previous period's total equity[116]. Compliance and Governance - The company confirmed that it will comply with legal obligations to compensate investors for losses caused by any false statements or omissions in the prospectus[63]. - The company has established labor contracts with all employees and ensures timely payment of wages and social insurance contributions[65]. - The company is committed to transparency and accountability in its operations and financial commitments[65]. Future Outlook - Future plans and forward-looking statements are subject to investment risks and do not constitute a commitment to investors[5]. - The company provided a positive outlook for the next quarter, projecting a revenue growth of 20% driven by new product launches[66]. - Market expansion plans include entering three new regions, aiming for a 10% market share in each by the end of 2019[66]. Accounting Policies and Financial Reporting - The financial statements are prepared in accordance with the accounting standards set by the Ministry of Finance, ensuring compliance and accuracy in financial reporting[138]. - The company has not reported any changes in accounting policies or prior period error corrections, ensuring consistency in financial reporting[120]. - The company recognizes revenue from sales of goods when the risks and rewards of ownership are transferred to the buyer, and the amount can be reliably measured[185].

广东超讯通信技术股份有限公司 2018 年第一季度报告 1 / 21 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 11 | 2018 年第一季度报告 公司代码：603322 公司简称：超讯通信 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 | 项目 | 本期金额 | | | --- | --- | --- | | 非流动资产处置损益 | | -37,073.07 | 3 / 21 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 1,676,853,751.27 1,288,070,241.82 30.18 归属于上市公司 股东的净资产 483,790,130.14 490,553,135.94 -1.38 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的 现金流量净额 -146,588,497.65 -117,940,992.02 不适用 年初 ...

Dividend and Share Capital - The company plans to distribute a cash dividend of 1.20 RMB per 10 shares to all shareholders, based on a total share capital of 80,000,000 shares as of December 31, 2017[5]. - The company will increase its share capital by 4 shares for every 10 shares held, using capital reserves, pending approval from the shareholders' meeting[5]. - The company has established a cash dividend policy to protect the rights of minority investors, in compliance with relevant regulations[86]. - The company declared a cash dividend of 1.20 RMB per 10 shares, totaling 9,600,000 RMB based on a total share capital of 80,000,000 shares as of December 31, 2016[86]. - In 2017, the net profit attributable to ordinary shareholders was 21,379,307.40 RMB, with a cash dividend payout ratio of 44.90%[88]. - The total cash dividend distributed in 2016 was also 9,600,000 RMB, with a net profit of 30,290,588.05 RMB, resulting in a payout ratio of 31.69%[88]. - The company has a plan to repurchase shares to stabilize stock prices if certain conditions are met, including shareholder approval[89]. - The company has committed to repurchase shares if the stock price falls below the net asset value per share within three years post-IPO[89]. Financial Performance - The company's operating revenue for 2017 was CNY 948,793,175.84, representing a 22.29% increase compared to CNY 775,839,105.32 in 2016[21]. - The net profit attributable to shareholders decreased by 29.42% to CNY 21,379,307.40 from CNY 30,290,588.05 in the previous year[21]. - The basic earnings per share for 2017 was CNY 0.27, down 38.64% from CNY 0.44 in 2016[23]. - The total assets at the end of 2017 reached CNY 1,288,070,241.82, a 22.39% increase from CNY 1,052,398,777.47 in 2016[22]. - The cash flow from operating activities for 2017 was CNY 38,147,312.94, a significant recovery from a negative cash flow of CNY -45,341,969.33 in 2016[21]. - The weighted average return on equity decreased to 4.42% in 2017 from 11.91% in 2016, a decline of 7.49 percentage points[23]. - The company reported a net profit of CNY 12,450,031.67 in Q3 2017, showing a positive trend after a loss in Q1[25]. - Non-recurring gains and losses totaled CNY 6,640,745.61 in 2017, compared to CNY 1,368,565.14 in 2016[28]. Operational Highlights - The company successfully expanded its business by winning contracts in three provinces for China Mobile's comprehensive maintenance projects and 16 provinces for network construction projects[38]. - The company has initiated a strategic partnership with Aricent Holdings for the development of IoT small base stations, and completed the acquisition of 50.01% of Sangrui Electronics[39]. - Research and development expenses increased by 4.17% to CNY 35.63 million, reflecting the company's commitment to innovation in communication network operations[43]. - The company is focusing on the development of 5G small base stations and has initiated new product development in point coverage solutions[39]. - The company faced challenges due to intensified market competition, leading to lower bid prices for network construction and maintenance services[41]. - The company has expanded its service network by establishing new branches in Yunnan and Heilongjiang, although these regions incurred significant losses[41]. Market and Competition - The telecommunications industry in China saw a revenue growth of 8.4% in fixed communication services and 5.7% in mobile communication services in 2017, indicating a robust market environment[71]. - The company is positioned in the communication technology service sector, which is expected to expand with the investment in 5G network construction, despite increasing competition[71]. - The company plans to enhance its market presence by focusing on regions with growing demand, such as Hubei and Jiangsu, to improve overall profitability[48]. Risk Management - The company has detailed potential risks in its report, which can be found in the section discussing operational conditions and future development risks[7]. - The company emphasizes the importance of investment risk awareness regarding forward-looking statements made in the report[6]. - The company faces risks related to customer concentration, particularly with China Mobile as a major client, which could significantly impact financial performance[82]. - The company reported a high proportion of accounts receivable, which poses a risk of bad debts as business scales up[83]. - The company anticipates potential cash flow volatility due to business expansion, which could adversely affect normal operations[83]. Governance and Compliance - The company operates under the supervision of the China Securities Regulatory Commission and the Shanghai Stock Exchange[11]. - The company has committed to ensuring the accuracy and completeness of the annual report's financial statements[4]. - The company has not engaged in any cash buyback of shares during the reporting period[87]. - The company has committed to timely and accurate information disclosure regarding any share reductions, adhering to regulatory requirements[92]. - The company has established a policy to limit stock transfers for key shareholders for a period of 36 months post-IPO, ensuring stability in shareholding[92]. - The company has implemented measures to protect employee rights, ensuring compliance with labor laws and timely payment of wages and benefits[91]. Audit and Internal Control - The company has received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[4]. - The internal control audit was also conducted by Xinyong Zhonghe Accounting Firm, with a fee of 300,000 RMB[100]. - The company did not face any major litigation or arbitration matters during the reporting year[99]. - The company did not have any significant accounting errors or changes in accounting estimates during the reporting period[95]. - The company has not encountered any risks of suspension or termination of listing[99]. - The company complied with the new accounting standards issued by the Ministry of Finance in 2017[95]. Employee and Shareholder Information - The company employed a total of 3,055 staff, with 2,562 in the parent company and 493 in major subsidiaries[138]. - The number of technical personnel reached 2,457, including 414 in research and development[138]. - The company has established a competitive salary system to motivate employees and ensure internal equity[139]. - The company has implemented a demand-oriented training plan, focusing on safety production and project management[140]. - The total number of ordinary shareholders at the end of the reporting period is 15,159, an increase from 13,072 at the end of the previous month[116]. - The top ten shareholders hold a total of 80,000,000 shares, representing 98.08% of the total shares[119].