2018 年第三季度报告 公司代码：603712 公司简称：七一二 天津七一二通信广播股份有限公司 2018 年第三季度报告 1 / 19 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 7 | 2018 年第三季度报告 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 公司负责人王宝、主管会计工作负责人陈静及会计机构负责人（会计主管人员）陈静保证季 度报告中财务报表的真实、准确、完整。 单位：元 币种：人民币 | 项目 | 本期金额 | 年初至报告期末 | 说明 | | --- | --- | --- | --- | | | （7－9 月） | 金额（1-9 月） | | | 非流动资产处置损益 | -15,293.83 | -65,580.51 | | | 计入当期损益的政 ...

Financial Performance - The company's operating revenue for the first half of 2018 was approximately ¥614.61 million, representing a 1.44% increase compared to ¥605.90 million in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2018 was approximately ¥53.27 million, a 0.85% increase from ¥52.82 million in the previous year[17]. - The total operating revenue for the first half of 2018 was CNY 614,609,495.59, an increase from CNY 605,901,350.17 in the same period last year, representing a growth of approximately 1.16%[80]. - The total profit for the first half of 2018 was CNY 68,330,884.61, compared to CNY 77,872,090.48 in the previous year, showing a decrease of around 12.3%[83]. - The company's total comprehensive income for the current period was CNY 52,822,003.64, indicating positive performance[95]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to approximately ¥76.86 million, compared to a negative cash flow of ¥105.72 million in the same period last year[17]. - The company's cash and cash equivalents rose by 11.17% to RMB 344,554,530.90, compared to RMB 309,946,575.76 in the previous period[37]. - Total cash inflow from operating activities reached ¥704,001,722.96, up from ¥424,324,222.44, indicating a growth of approximately 65.7% year-over-year[90]. - The total cash and cash equivalents at the end of the period amounted to ¥300,211,009.79, compared to ¥96,234,635.44 at the end of the previous year, marking an increase of approximately 212.5%[91]. Assets and Liabilities - The total assets of the company at the end of the reporting period were approximately ¥3.80 billion, reflecting a 5.26% increase from ¥3.61 billion at the end of the previous year[17]. - The company's total liabilities decreased by 5.26% to RMB 3,800,338,832.53, reflecting a reduction in short-term borrowings and long-term loans[39]. - The company's total assets increased to CNY 3,883,202,488.54 from CNY 3,680,322,690.99, reflecting a growth of approximately 5.51%[77]. Shareholder Equity - The net assets attributable to shareholders increased by 25.83% to approximately ¥2.08 billion, up from ¥1.65 billion at the end of the previous year[17]. - The total equity attributable to the parent company at the end of the previous period was CNY 1,653,719,436.12, with a beginning balance of CNY 1,653,719,436.12 for the current period[93]. - The total equity at the end of the current period reached CNY 2,080,852,536.15, reflecting an increase from the previous period[94]. Investment and Growth - The company successfully raised a total of RMB 455 million through its initial public offering, with a net amount of RMB 397.02 million after deducting issuance costs[30]. - The company increased its investment in its wholly-owned subsidiary to RMB 100 million to enhance its position in the railway and rail communication system integration market[31]. - The company is expanding its market presence in international railway and transportation sectors, particularly in Africa and Australia, in line with the "Belt and Road" initiative[33]. Research and Development - The company maintains a high level of R&D investment, ensuring continuous innovation and technological advancement in its product offerings[25]. - The company reported a 12.11% decrease in R&D expenses, totaling RMB 136,419,434.93, down from RMB 155,209,035.55[35]. - The company emphasizes the importance of continuous R&D investment for maintaining industry competitiveness and innovation[44]. Operational Risks and Management - The company has described relevant operational risks in the report, advising investors to be aware of investment risks[4]. - The company emphasizes risk management and internal control improvements to enhance operational efficiency and governance standards[33]. - The company faces risks from changes in policy environment and intensified market competition in the military and civil communication sectors[43]. Environmental and Social Responsibility - The company has established a complete environmental management system and obtained ISO14001 certification[52]. - The company has developed an emergency response plan for environmental incidents to enhance safety and environmental protection capabilities[53]. - The company emphasizes energy conservation and carbon reduction training to improve employee awareness of environmental protection[53]. Accounting and Compliance - The company's financial statements have been prepared in accordance with the relevant accounting standards, ensuring transparency and compliance[107]. - The company has no significant factors affecting its ability to continue as a going concern during the reporting period[105]. - The company applies the accounting treatment for business combinations under common control by measuring the acquired assets and liabilities at their book value on the merger date, adjusting the capital reserve for any excess of net asset book value over the consideration paid[111].

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 194,232,225.16, representing a 22.30% increase compared to the previous year[5]. - Total operating revenue for the year was RMB 1,485,213,158.75, reflecting a growth of 6.87% year-over-year[21]. - The company reported a net profit excluding non-recurring gains and losses of RMB 185,116,971.35, up 21.13% from the previous year[21]. - Basic earnings per share increased by 20.83% to CNY 0.29 in 2017 compared to CNY 0.24 in 2016[23]. - The weighted average return on equity rose to 12.48% in 2017, an increase of 1.28 percentage points from 11.20% in 2016[23]. - The company reported a net profit attributable to shareholders of CNY 117,377,993.92 in Q4 2017, a significant increase from CNY 58,614,652.29 in Q2 2017[25]. - The company achieved a total of CNY 9,115,253.81 in non-recurring gains in 2017, compared to CNY 5,999,825.74 in 2016[29]. - The company reported a total revenue of ¥43,798,113.18, with a net profit of ¥126,677.33, reflecting a strong performance in the satellite navigation and communication sector[62]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in Q4 2023, representing a year-over-year growth of 15%[123]. - The company reported a net profit margin of 712.03, indicating strong profitability[121]. Assets and Liabilities - The company's total assets increased by 5.38% to RMB 3,610,301,034.71 at the end of 2017[21]. - The company’s total equity attributable to shareholders increased by 13.31% to RMB 1,653,719,436.12 at the end of 2017[21]. - Total liabilities decreased slightly to CNY 1,956,581,598.59 from CNY 1,966,621,914.72, a reduction of about 0.5%[157]. - The total current liabilities increased to CNY 1,752,468,265.26 from CNY 1,601,378,581.39, representing an increase of about 9.4%[157]. - The total equity at the end of the period was CNY 1,727,256,944.15, up from CNY 1,469,831,022.30 at the end of the previous year, indicating a growth of approximately 17.5%[184]. Research and Development - The company has invested in over 200 R&D projects, maintaining a high R&D investment ratio to support technological innovation[30]. - The company invested CNY 355,620,699.06 in R&D, which is a 2.41% increase from the previous year[38]. - The company plans to increase its R&D investment to maintain its position as a core supplier in the specialized wireless communication field, emphasizing product quality and technological innovation[68]. - The company is currently involved in 213 new product development projects, including next-generation aviation wireless communication and satellite communication navigation terminals[51]. Market Expansion and Strategy - The company is actively expanding into the civil wireless communication market, aligning with the national railway construction plans[28]. - The company plans to leverage capital market resources following its successful IPO application on December 26, 2017, to promote healthy industry growth[33]. - The company is strategically positioned to benefit from the "Belt and Road" initiative, which opens new opportunities for infrastructure projects, particularly in the high-speed rail sector[65]. - Market expansion plans include entering three new international markets by the end of 2024, aiming for a 30% increase in market share[123]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million earmarked for potential deals[124]. Corporate Governance and Compliance - The company is committed to improving corporate governance and internal control systems to ensure compliance with regulatory requirements[69]. - The company has established multiple channels for investor relations management to ensure accurate and timely information disclosure[69]. - The company has not reported any significant legal violations or governance issues that would affect minority shareholders' interests[136]. - The company maintains independence from its controlling shareholder in terms of operations, assets, and financial matters[137]. - The company has implemented a compensation and assessment system for senior management, enhancing motivation and operational efficiency[141]. Cash Flow and Financial Management - Cash flow from operating activities amounted to RMB 79,912,111.42, an increase of 8.40% from the previous year[21]. - The net cash flow from operating activities was CNY 79,912,111.42, marking an 8.40% increase year-on-year[38]. - Cash inflows from operating activities amounted to CNY 1,187.94 million, slightly down from CNY 1,198.45 million in the previous year, indicating a decrease of approximately 0.3%[169]. - The company received CNY 604 million from other investment-related cash inflows, a substantial increase from CNY 210 million in the previous year, marking an increase of about 187.6%[170]. Employee and Talent Management - The company employed a total of 1,781 staff, with 1,473 in the parent company and 308 in major subsidiaries[131]. - The workforce included 797 technical personnel, 514 production staff, and 154 sales personnel, highlighting a strong technical focus[131]. - Continuous training programs are in place to enhance employee skills, including initiatives like the Talent Engineering and Technology Talent Dual Ten Cultivation Project[133]. - The company emphasizes a competitive salary structure to attract and retain talent, incorporating various components such as position salary, performance salary, and allowances[132]. Risk Management - The company emphasizes the importance of risk management and has established a comprehensive risk prevention system to identify internal and external risk factors[70]. - The company acknowledges potential risks from changes in policy environments that could impact defense spending and railway construction investments[71]. - The company recognizes the risk of intensified market competition due to the entry of private enterprises into the military communication sector[72]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of RMB 0.3 per 10 shares to all shareholders, based on the total share capital as of the dividend record date[5]. - Shareholder returns are expected to increase, with a proposed dividend of 0.50 per share, marking a 25% increase from the previous year[124]. - The company plans to allocate 10% of the net profit for 2017, amounting to RMB 20,040,793.97, as statutory reserve[75].

Financial Performance - Operating revenue for the first quarter was CNY 212,322,911.91, reflecting a growth of 12.29% compared to the same period last year[6]. - The net profit attributable to shareholders was CNY 3,151,817.83, a significant recovery from a loss of CNY 5,792,648.65 in the previous year[6]. - Net profit for Q1 2018 reached CNY 3,151,817.83, a significant recovery from a net loss of CNY 5,792,648.65 in Q1 2017[12]. - Operating profit improved to CNY 4,238,472.86, compared to an operating loss of CNY 5,606,523.86 in the same period last year[12]. - Total operating revenue for Q1 2018 was CNY 212,322,911.91, an increase of 12.9% compared to CNY 189,081,551.43 in the same period last year[23]. - Net profit for Q1 2018 was CNY 14,688,795.76, a decrease from CNY 15,435,578.89 in the same period last year, representing a decline of approximately 4.84%[28]. - The total comprehensive income for Q1 2018 was CNY 14,688,795.76, reflecting a decrease from CNY 15,435,578.89 in the prior year[28]. Cash Flow - Cash flow from operating activities was CNY 83,723,090.13, a turnaround from a negative cash flow of CNY 97,321,142.83 in the same period last year[6]. - The company’s cash flow from financing activities was CNY 193,490,622.41, a recovery from negative cash flow of CNY -59,596,077.09 in the previous year[12]. - Operating cash inflow for Q1 2018 totaled CNY 434,805,613.81, compared to CNY 238,967,153.16 in Q1 2017, indicating an increase of about 81.91%[31]. - The net cash flow from operating activities was CNY 83,723,090.13, a significant improvement from a net outflow of CNY 97,321,142.83 in the previous year[31]. - The company experienced a cash increase of CNY 276,573,519.66 during the quarter, contrasting with a cash decrease of CNY 179,776,060.53 in Q1 2017[32]. Assets and Liabilities - Total assets increased by 5.84% to CNY 3,821,159,976.65 compared to the end of the previous year[6]. - Total assets increased to CNY 3,904,171,182.82 from CNY 3,680,322,690.99, marking a growth of 6.1%[20]. - Current assets rose to CNY 3,131,407,177.65, up from CNY 2,908,582,442.84 at the start of the year[14]. - Total liabilities decreased to CNY 1,765,203,487.02 from CNY 1,953,065,746.84, a reduction of 9.6%[20]. - Total liabilities decreased to CNY 1,767,266,766.81 from CNY 1,956,581,598.59 at the beginning of the year[16]. - The company reported a significant reduction in short-term borrowings from CNY 450,000,000.00 to CNY 255,000,000.00, a decrease of 43.3%[20]. Shareholder Information - The number of shareholders reached 71,703, indicating a stable shareholder base[9]. - Net assets attributable to shareholders rose by 24.20% to CNY 2,053,893,209.84 year-on-year[6]. - Shareholders' equity rose to CNY 2,138,967,695.80, up from CNY 1,727,256,944.15, indicating an increase of 23.9%[20]. Operational Efficiency - The company plans to continue focusing on cost management and operational efficiency to enhance profitability in future quarters[24]. - The company reported a significant increase in sales expenses by 30.43% to CNY 9,766,061.65 due to revenue growth[12]. - Total operating costs for Q1 2018 were CNY 208,870,633.17, up from CNY 197,111,380.20, reflecting a year-over-year increase of 6.4%[24]. Government Support - The company received government subsidies amounting to CNY 905,000.00, which are closely related to its normal business operations[8]. Earnings Per Share - Earnings per share for Q1 2018 were CNY 0.004, compared to a loss per share of CNY 0.009 in the same quarter last year[25]. - The company reported a basic and diluted earnings per share of CNY 0.02, unchanged from the previous year[28].