证券代码：603712 证券简称：七一二 公告编号：临 2024-024 天津七一二通信广播股份有限公司 关于完成法定代表人变更工商登记的公告 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法律责任。 天津七一二通信广播股份有限公司（以下简称"公司"）于 2024 年 4 月 29 日召开公司第三届董事会第十二次会议，审议通过了《关于选举公司董事长的议 案》，公司董事会选举庞辉先生担任公司董事长，任期自董事会审议通过之日起 至第三届董事会任期届满为止。根据《公司章程》的有关规定，董事长为公司的 法定代表人，公司法定代表人变更为庞辉。公司授权公司经营层办理法定代表人 的工商变更登记事宜。具体内容详见公司于 2024 年 4 月 30 日在上海证券交易所 网站（www.sse.com.cn）披露的《天津七一二通信广播股份有限公司第三届董事 会第十二次会议决议公告》（公告编号：临 2024-023 号）。 公司于 2024 年 5 月 8 日完成法定代表人的变更登记手续，并取得了天津经 济技术开发区市场监督管理局核准换发的《营业执照》，现公司 ...

Financial Performance - The company's operating revenue for Q1 2024 was RMB 489,820,385.61, representing a year-on-year increase of 3.68%[4] - Net profit attributable to shareholders decreased by 36.43% to RMB 15,877,411.35 compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 60.21% to RMB 8,264,207.62[4] - Basic and diluted earnings per share were both RMB 0.021, down 34.38% year-on-year[4] - Total operating revenue for Q1 2024 was RMB 489,820,385.61, an increase of 3.0% compared to RMB 472,426,069.83 in Q1 2023[18] - Net profit for Q1 2024 was RMB 22,655,270.67, a decrease of 20.6% from RMB 28,513,909.94 in Q1 2023[19] - Earnings per share for Q1 2024 were RMB 0.021, down from RMB 0.032 in Q1 2023[19] Assets and Liabilities - Total assets at the end of the reporting period were RMB 9,506,547,282.17, a decrease of 2.67% from the end of the previous year[4] - The company's current assets totaled RMB 8,308,369,938.61, down from RMB 8,602,881,178.96, indicating a decrease of about 3.42%[15] - The company's total liabilities were reported at RMB 8,308,369,938.61, indicating a decrease from the previous period[15] - Total liabilities as of Q1 2024 were RMB 4,722,087,778.18, down from RMB 5,007,620,390.73 in Q1 2023[17] - The total assets as of Q1 2024 were RMB 9,506,547,282.17, down from RMB 9,767,697,825.25 in Q1 2023[17] Cash Flow - Cash flow from operating activities was RMB 42,670,263.67, reflecting an increase in sales collections compared to the same period last year[6] - In Q1 2024, the cash inflow from operating activities was $645,812,738.79, a significant increase from $404,544,756.29 in Q1 2023, representing a growth of approximately 59.5%[20] - The net cash flow from operating activities was $42,670,263.67, a turnaround from a negative cash flow of $402,351,939.65 in the same quarter last year[20] - Cash outflow for purchasing goods and services decreased to $304,426,615.99 from $447,093,606.77, a reduction of about 31.9%[20] - The net cash flow from investing activities was -$542,855,410.10, compared to a positive cash flow of $122,911,412.06 in Q1 2023, indicating a significant decline[21] - The net cash flow from financing activities was $48,061,866.75, a recovery from a negative cash flow of $9,885,538.53 in Q1 2023[21] Shareholder Equity - The equity attributable to shareholders increased slightly by 0.37% to RMB 4,685,760,019.80 compared to the end of the previous year[4] - Total equity attributable to shareholders of the parent company was RMB 4,685,760,019.80, slightly up from RMB 4,668,339,480.80 in Q1 2023[17] Expenses - Total operating costs for Q1 2024 were RMB 486,213,033.90, up 6.9% from RMB 454,712,377.98 in Q1 2023[18] - Research and development expenses for Q1 2024 were RMB 107,861,265.48, a decrease of 14.8% compared to RMB 126,531,442.37 in Q1 2023[18] - The company reported a decrease in sales expenses to RMB 16,221,040.65 from RMB 15,844,086.76 in Q1 2023, reflecting a 2.4% increase[18] - The company’s financial expenses increased to RMB 4,109,815.60 in Q1 2024 from RMB 1,983,176.51 in Q1 2023[18] Non-Recurring Gains and Future Outlook - The company reported non-recurring gains of RMB 7,613,203.73, with significant contributions from government subsidies and debt restructuring gains[5] - The company plans to focus on product structure optimization and cost management to improve profitability in the upcoming quarters[6] - The company has not reported any new products or technologies in this quarter[13] - There are no significant changes in the major shareholders or their participation in financing activities during this period[11] - The company has not provided any specific guidance or outlook for future performance in this report[13]

北京德恒律师事务所 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话：010-52682888 传真：010-52682999 邮编：100033 关于天津七一二通信广播股份有限公司 2023 年年度股东大会的 法律意见 北京德恒律师事务所（以下简称"本所"）接受天津七一二通信广播股份有 限公司（以下简称"七一二"或"公司"）的委托，指派侯慧杰律师、高悦律师 （以下简称"本所律师"）出席公司 2023 年年度股东大会（以下简称"本次股 东大会"），并对本次股东大会的合法性进行见证并出具法律意见。 本法律意见根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东大会 规则》等法律、法规、规范性文件以及《天津七一二通信广播股份有限公司章程》 （以下简称"《公司章程》"）、《天津七一二通信广播股份有限公司股东大会 议事规则》（以下简称"《股东大会议事规则》"）的规定及对本法律意见出具 日以前已经发生或者存在的事实的调查和了解而出具。 为出具本法律意见，本所律师查阅了七一二本次股东大会的有关文件和材料， 包括但不限于《公司章程》《股东大 ...

重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东大会召开的时间：2024 年 4 月 26 日 (二) 股东大会召开的地点：天津开发区西区北大街 141 号公司会议室 证券代码：603712 证券简称：七一二 公告编号：临 2024-020 天津七一二通信广播股份有限公司 2023 年年度股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 21 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 436,358,763 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 56.5231 | | 份总数的比例（%） | | 二、 议案审议情况 审议结果：通过 表决情况： | 股东类型 | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | | | ...

证券研究报告 ＃industryId＃ 国防军工 ＃investSuggestion＃ ＃ ＃dyC七om一pan二y＃ （ 603712 ） investSug 增持 ( 维ges持tionC）h 000009 ＃title＃ 中标多个军用通信新项目，中长期激励落地实施 ange＃ ＃createTime1＃ 2024 年04 月19 日 投资要点 ＃市场ma数rk据etData＃ ＃ sum 公ma 司ry 发＃ 布2023年年报：营收32.68亿元，同比减少19.11%；归母净利润4.40亿元， 日期 2024-04-17 同比减少43.25%；扣非后归母净利润3.90亿元，同比减少47.28%。 收盘价（元） 21.42  中标多个军用通信新项目产品：2023年，专用无线通信终端产品实现营收19.36亿元， 总股本（百万股） 772.00 同比减少15.63%，占营业总收入的59.24%，同比增加2.22pct，毛利率为49.82%， 同比减少1.13pct；系统集成产品实现营收12.04亿元，同比减少22.96%，占营业总 流通股本（百万股） 772.00 收入的36.83%，同比减少1.84p ...

天津七一二通信广播股份有限公司 2023 年年度股东大会 天津七一二通信广播股份有限公司 2023 年年度股东大会 会议资料 二〇二四年四月二十六日 天津七一二通信广播股份有限公司 2023 年年度股东大会 天津七一二通信广播股份有限公司 2023 年年度股东大会 会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证 大会的顺利进行，根据中国证券监督管理委员会《上市公司股东大会规则》、公 司章程的有关规定，特制定会议须知如下，望出席股东大会的全体人员遵守执行： 一、股东参加股东大会，应当认真履行其法定义务，不得侵犯其他股东的权 益； 二、股东大会期间，全体出席人员应以维护股东的合法权益、确保大会正常 秩序和议事效率为原则，认真履行法定职责； 三、出席股东大会的股东依法享有发言权、质询权、表决权等各项权利，股 东要求发言时不得打断会议报告人的报告或其他股东的发言，股东要求发言时请 先举手示意； 四、在会议集中审议议案过程中，股东按会议主持人指定的顺序发言和提 问，建议每位股东发言时间不超过 3 分钟，同一股东发言不超过两次，发言内容 不超出本次会议范围； 五、任何人不得扰乱大会的正常秩序 ...

证券代码：603712 证券简称：七一二 公告编号：临 2024-019 天津七一二通信广播股份有限公司 关于控股股东部分股权解除质押的公告 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法律责任。 重要内容提示： 天津七一二通信广播股份有限公司（以下简称"公司"）控股股东天津智博智 能科技发展有限公司（以下简称"智博科技"）持有公司股份 370,167,500 股， 占公司总股本比例为 47.95%。本次解除质押后，智博科技累计质押公司股份 160,057,800 股，占其持有公司股份总数的 43.24%，占公司总股本的 20.73%。 本次解除质押的股份暂无后续质押计划。如有后续质押计划，智博科技将根 据质押业务办理进度按照相关法律法规要求及时通知公司履行信息披露义务。 二、股东累计质押股份情况 截至公告披露日，上述股东及其一致行动人累计质押股份情况如下： 股东名称 天津智博智能科技发展有限公司 本次解除质押股份数量（股） 15,982,952 1,790,000 占其所持股份比例 4.32% 0.48% 占公司总股本比例 2.07 ...

Investment Rating - The report assigns a "Buy" rating for the company, with a target price of 29.26 CNY per share based on a 30x PE valuation for 2024 [3][7]. Core Views - The company reported a revenue of 3.268 billion CNY in 2023, a year-on-year decrease of 19.11%, and a net profit attributable to shareholders of 440 million CNY, down 43.25% year-on-year. The decline in performance is attributed to industry cyclicality and delays in client bidding projects [1][5]. - The company is expected to recover in 2024, driven by long-term demand in the specialized wireless communication sector, supported by incentive mechanisms and increased R&D investment [1][5]. Summary by Relevant Sections Financial Performance - In 2023, the company experienced a significant drop in revenue and profit, with a gross margin of 41.85% and a net margin of 14.15%, both showing declines compared to the previous year [1][5]. - For Q4 2023, revenue was 1.002 billion CNY, down 45.14% year-on-year, while net profit was 132 million CNY, down 72.14% year-on-year [1][5]. Revenue Forecast - The company forecasts revenues of 4.854 billion CNY, 5.948 billion CNY, and 7.162 billion CNY for 2024, 2025, and 2026, respectively, representing year-on-year growth rates of 48.6%, 22.5%, and 20.4% [2][5]. - The gross margin is expected to stabilize around 45% over the next three years [5][7]. Business Segments - The wireless communication terminal products segment is projected to grow by 51%, 23%, and 21% in revenue from 2024 to 2026, with a stable gross margin of around 51% [5][6]. - The system products segment is expected to see revenue growth of 45%, 22%, and 20% over the same period, with gross margins improving to 36% [5][6]. - Other business segments are also anticipated to grow, with revenue increases of 45%, 20%, and 15% from 2024 to 2026 [5][6]. Cost Management - The report indicates an improvement in cost management, with a projected decrease in sales expense ratio from 2.6% in 2024 to 2.4% in 2026 [5][6]. Valuation - The report concludes that the company's competitive position in the specialized wireless communication sector, along with its strategic initiatives, justifies a target price of 29.26 CNY per share based on a 30x PE ratio for 2024 [3][7].

Financial Performance - In 2023, the company achieved a net profit attributable to shareholders of RMB 439,794,478.93, a decrease of 43.25% compared to RMB 774,915,942.07 in 2022[13]. - The company's operating revenue for 2023 was RMB 3,267,735,368.25, down 19.11% from RMB 4,039,623,590.34 in the previous year[13]. - The basic earnings per share for 2023 were RMB 0.57, a decline of 43.00% from RMB 1.00 in 2022[14]. - The net profit attributable to shareholders for 2023 was CNY 43,979.45 million, down 43.25% compared to the previous year[20]. - The company reported a significant increase in investment income, reaching CNY 79,895,232.60 in 2023 compared to CNY 48,732,512.48 in 2022[160]. - The total comprehensive income for 2023 was CNY 297,505,437.23, down from CNY 619,878,151.91 in 2022, reflecting a decline of about 52%[165]. Cash Flow and Liquidity - The net cash flow from operating activities was negative RMB 37,157,707.15, contrasting with a positive cash flow of RMB 44,857,156.71 in 2022[13]. - The net cash flow from operating activities in Q1 2023 was -CNY 402,351,939.65, indicating a decrease in cash inflow[16]. - The total cash inflow from operating activities was CNY 2,887,315,416.26, down from CNY 3,002,649,027.82 in the previous year, reflecting a decrease of about 3.8%[167]. - The cash outflow from operating activities totaled CNY 2,924,473,123.41, resulting in a net cash flow from operating activities of CNY -37,157,707.15, compared to CNY 44,857,156.71 in 2022[168]. - The net cash flow from investment activities was -4,872,129.48, an improvement from -40,403,442.03 in the previous year[168]. - The net cash flow from financing activities was CNY 167,418,081.59, compared to CNY 482,974,869.85 in the previous year, showing a decrease of approximately 65.3%[168]. Research and Development - Research and development expenses amounted to CNY 673,165,029.50, down 16.83% compared to the previous year[29]. - The company is focusing on technological innovation and has established a research and innovation system to enhance core competitiveness[20]. - The company employed 1,193 R&D personnel, representing 50.62% of the total workforce, highlighting a strong focus on research and development[38]. - The company reported a total R&D expenditure of CNY 673.17 million, accounting for 20.60% of total revenue, reflecting a commitment to innovation despite a 16.83% decrease from the previous year[37]. Market and Strategic Initiatives - The company achieved significant breakthroughs in military communication, winning bids for multiple projects in both airborne and ground communication sectors[20]. - The company is strategically transitioning from a "module-board-machine-system" industry chain to a "chip-module-machine-system-service" layout[20]. - The company is actively pursuing new market opportunities in data link fields, achieving significant advancements in weapon coordination and broadband intelligence[20]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[68]. - The company aims to improve customer retention rates by 5% through enhanced service offerings in 2024[69]. Governance and Compliance - The company held a total of 5 board meetings during the reporting period, ensuring compliance with relevant laws and regulations[60]. - The company maintained independence from its controlling shareholder in terms of assets, personnel, finance, and operations[61]. - The audit committee was renamed to the Audit and Risk Control Committee, reflecting an adjustment to improve governance structure[60]. - The company confirmed that its related party transactions in 2022 and expected transactions for 2023 are necessary for normal business operations and comply with legal regulations[84]. Environmental and Social Responsibility - The company has implemented energy-saving measures that include a 40% reduction in electricity consumption for the secondary pump of the refrigeration system[112]. - The company has committed a total of 196,800 CNY to poverty alleviation and rural revitalization projects, benefiting 1,892 individuals[115]. - The company has received a "Green Power Certificate" from the National Renewable Energy Information Management Center for its green electricity purchases[112]. - The company emphasizes environmental protection and has implemented measures to manage water resources and hazardous waste effectively[113]. Employee and Talent Management - The employee training program aims to enhance skills and improve work attitudes, contributing to overall company competitiveness[95]. - The company has established a dynamic salary management policy that aligns employee compensation with performance contributions[94]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 6.6025 million, excluding independent directors who received CNY 0.48 million[76]. Financial Position and Assets - The total assets at the end of 2023 amounted to RMB 9,767,697,825.25, a slight decrease of 0.57% from RMB 9,823,345,241.62 at the end of 2022[13]. - The company's total equity attributable to shareholders increased from 4,307,230,261.06 to 4,668,339,480.80, representing a growth of about 8.4%[156]. - The total liabilities decreased from 5,448,865,772.40 to 5,007,620,390.73, a reduction of approximately 8.06%[155]. - The company's cash and cash equivalents at the end of the period were 7,736,136.70, primarily restricted as deposits[44].

天津七一二通信广播股份有限公司 2023 年度独立董事述职报告（郁向军） 一、独立董事基本情况 本人郁向军，中国国籍，无境外永久居留权。会计师事务所从业时间 26 年， 主要负责上市公司审计业务、拟上市公司 IPO 审计业务、国有企业改制及年报审 计业务、重大资产重组审计业务及相关证券期货类审计、咨询业务。历任无为县 食品公司干部、无为华廉会计师事务所副主任会计师，现任容诚会计师事务所（特 殊普通合伙）合伙人、兼任国元证券、华安证券与方正证券的内核专家委员。2022 年 6 月至今，任公司独立董事。 本人作为公司独立董事，未在公司担任除董事以外的其他职务，与公司、公 司的控股股东及其关联方不存在可能妨碍进行独立客观判断的关系，也没有从公 司、公司控股股东及其关联方取得额外的、未予披露的其他利益，不存在影响独 立性的情况。 二、独立董事年度履职基本情况 本人严格按照有关法律法规和规章制度的要求，勤勉尽责，出席公司召开的 董事会会议、股东大会会议、董事会专门委员会会议及独立董事专门会议，认真 审阅了会议议案及相关材料，积极参与讨论并提出合理建议，为董事会的正确、 科学决策发挥了重要作用。 （一）出席董事会及股东大 ...