北京市君泽君律师事务所 关于航天宏图信息技术股份有限公司 2023 年年度股东大会的 法律意见书 北京市东城区金宝街 89 号金宝大厦 11 层 邮编：100005 11F Jinbao Tower, 89 Jinbao Street, Dongcheng District, Beijing, P.R.China 电话(Tel)：（86-10）6652 3388 传真（Fax）：（86-10）6652 3399 网址（Website）：www.junzejun.com 电子信箱（E-mail）：jzj@junzejun.com 北京市君泽君律师事务所 关于航天宏图信息技术股份有限公司 2023 年年度股东大会的法律意见书 致：航天宏图信息技术股份有限公司 根据《中华人民共和国公司法》、《中华人民共和国证券法》、《上市公司 股东大会规则》等法律、法规、规章、其他规范性文件（以下简称"相关法规"） 及《航天宏图信息技术股份有限公司章程》的规定，北京市君泽君律师事务所（以 下简称"本所"）接受航天宏图信息技术股份有限公司（以下简称"公司"）的委托， 就公司 2023 年年度股东大会（以下简称"本次股东大会"）的相关 ...

| 证券代码：688066 | 证券简称：航天宏图 公告编号：2024-029 | | --- | --- | | 债券代码：118027 | 债券简称：宏图转债 | 航天宏图信息技术股份有限公司 关于参加2023 年度软件专场集体业绩说明会的公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： （http://roadshow.sseinfo.com/） 投资者可于 2024 年 5 月 13 日（星期一）16:00 前通过电子邮件的方式将 需要了解和关注的问题提前发送至公司投资者关系邮箱：ir@piesat.cn。公司将在 文字互动环节对投资者普遍关注的问题进行回答。 航天宏图信息技术股份有限公司（以下简称"公司"）已于 2024 年 4 月 12 日发布公司 2023 年年度报告，为便于广大投资者更全面深入地了解公司 2023 年年度经营成果、财务状况、发展理念，公司参与了由上海证券交易所主办的 2023 年度软件专场集体业绩说明会，此次活动将采用线上文字互动的方式举行， 投资者可登录上海证券交易所上证 ...

航天宏图信息技术股份有限公司 投资者关系活动记录表 证券简称：航天宏图 证券代码：688066 编号：2024-004 投资者关系活 √特定对象调研 □分析师会议 □媒体采访 √业绩说明会 □新闻发布会 □路演活动 动类别 参与单位名称 □现场参观 □其他（电话会议） 73家机构，共82人（详见附件《与会人员清单》） 及人时员间姓名 2024年4月12日-4月28日 地点 公司会议室+电话会议 总经理：廖通逵； 上市公司接待 董事会秘书：王奕翔； 人员姓名 财务总监：张姝雅； 独第立一董部事分：：孟公丽司荣基；本情况介绍 公司作为国内卫星应用与运营服务领域的行业领军企业，按照产业发展 ...

Investment Rating - The report has adjusted the investment rating to "Cautious Recommendation" with a target price of 22.68 yuan [4][12]. Core Views - The company reported a net profit attributable to shareholders of -370 million yuan for 2023, down from the previous year, primarily due to a decline in new orders and delayed project acceptance [4][12]. - The company's revenue for 2023 was 260 million yuan, reflecting a year-on-year decrease of 26.0% [4][12]. - The first quarter of 2024 saw a net profit of -150 million yuan, indicating a worsening loss compared to the same period in 2023 [4][12]. - The report highlights that the company is a leading player in satellite remote sensing applications in China and is expected to gradually recover as demand in data and satellite sectors increases [4][12]. Financial Performance Summary - Revenue for 2023 was 260 million yuan, with a year-on-year growth rate of -26.0% [4][5]. - The net profit attributable to shareholders for 2023 was -370 million yuan, with a net profit margin of -20.69% [5][6]. - The company’s R&D expenditure increased by 29% year-on-year in 2023, indicating a focus on enhancing satellite and drone business development [4][12]. - The gross profit margin for 2023 was 35.92%, which is a decrease compared to previous years [13]. Future Projections - Revenue projections for 2024 to 2026 are estimated at 1.819 billion yuan, 2.315 billion yuan, and 2.973 billion yuan respectively, with corresponding growth rates of 27.3%, 28.5%, and 30.9% [5][13]. - The net profit attributable to shareholders is projected to recover to 21 million yuan in 2024, with further increases to 130 million yuan and 193 million yuan in 2025 and 2026 respectively [5][13]. - The report anticipates a gradual improvement in the company's financial metrics, including a projected net profit margin of 4.40% in 2025 and 4.99% in 2026 [5][6].

Financial Performance - The company's operating revenue for Q1 2024 was ¥221,407,985.11, representing a decrease of 19.49% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was -¥150,679,354.92, indicating a significant loss[5]. - The weighted average return on net assets was -6.81%, a decrease of 3.46 percentage points compared to the previous year[6]. - The basic earnings per share were -¥0.58, reflecting the company's financial challenges[6]. - Net loss for Q1 2024 was CNY 150.91 million, compared to a net loss of CNY 89.05 million in Q1 2023, representing a 69.2% increase in losses[21]. - Basic earnings per share for Q1 2024 was CNY -0.58, compared to CNY -0.34 in Q1 2023[22]. - Other comprehensive income after tax for Q1 2024 was CNY -42.61 million, compared to CNY 75.76 million in Q1 2023[21]. Cash Flow - The net cash flow from operating activities was -¥392,096,508.90, showing a worsening cash flow situation[6]. - In Q1 2024, the cash inflow from operating activities was $237,581,273.02, an increase of 7.9% compared to $221,343,168.18 in Q1 2023[23]. - The cash outflow from operating activities decreased to $629,677,781.92 in Q1 2024 from $885,772,309.76 in Q1 2023, representing a reduction of 29%[23]. - The net cash flow from operating activities improved to -$392,096,508.90 in Q1 2024, compared to -$664,429,141.58 in Q1 2023, indicating a 41% reduction in losses[23]. - The company reported a cash inflow of $10,044,948.96 from other operating activities in Q1 2024, compared to $6,217,338.07 in Q1 2023, an increase of 61%[23]. - The company incurred $265,541,325.06 in cash payments to employees in Q1 2024, a decrease from $293,796,733.26 in Q1 2023, representing a 10% reduction[23]. - The cash inflow from financing activities increased significantly to $248,200,000.00 in Q1 2024, up from $40,000,000.00 in Q1 2023, marking a 520% increase[24]. - The net cash flow from financing activities improved to -$57,770,407.75 in Q1 2024 from -$86,164,001.17 in Q1 2023, reflecting a 33% reduction in losses[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,316,748,962.28, a decrease of 2.48% from the end of the previous year[6]. - As of March 31, 2024, the company's total assets amounted to CNY 6,316,748,962.28, a decrease from CNY 6,477,369,987.07 as of December 31, 2023, reflecting a decline of approximately 2.48%[16]. - The company's current assets totaled CNY 4,847,320,467.31, down from CNY 4,970,803,936.58, indicating a decrease of about 2.48%[17]. - Cash and cash equivalents decreased to CNY 553,732,842.88 from CNY 1,067,722,805.00, representing a significant decline of approximately 48.2%[16]. - The company's non-current assets totaled CNY 1,469,428,494.97, down from CNY 1,506,566,050.49, indicating a decrease of approximately 2.5%[17]. - Total liabilities decreased slightly to CNY 4.16 billion in Q1 2024 from CNY 4.17 billion in Q1 2023[19]. - Total equity attributable to shareholders decreased to CNY 2.14 billion in Q1 2024 from CNY 2.28 billion in Q1 2023, a decline of 6.5%[19]. Research and Development - Research and development expenses totaled ¥83,064,778.03, accounting for 37.52% of operating revenue, an increase of 11.36 percentage points year-on-year[6]. - Research and development expenses remained stable at CNY 71.30 million in Q1 2024, compared to CNY 71.94 million in Q1 2023[19]. Business Strategy - The company plans to continue expanding its business growth points, including the construction of the Nuwa satellite constellation and enhancing drone applications[7]. - The company aims to leverage its industry experience to secure significant government contracts in water conservancy, meteorology, and marine sectors[7]. - The company has not disclosed any significant new product developments or market expansion strategies in the current report[15]. Operating Costs - Total operating costs increased to CNY 390.88 million in Q1 2024, up 5.9% from CNY 370.79 million in Q1 2023[19].

| 证券代码：688066 | 证券简称：航天宏图 公告编号：2024-028 | | --- | --- | | 债券代码：118027 | 债券简称：宏图转债 | 航天宏图信息技术股份有限公司 关于取消召开"宏图转债"2024 年第一次债券持有 人会议的公告 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、准确性和完整性依法承担法律责任。 航天宏图信息技术股份有限公司（以下简称"公司"）于 2024 年 4 月 23 日 披露了《关于召开"宏图转债"2024 年第一次债券持有人会议的通知》，经与包 括部分"宏图转债"债券持有人在内的各方主体进行沟通后，经公司董事会提议， 公司决定取消召开"宏图转债"2024 年第一次债券持有人会议，现将有关情况公 告如下： 一、取消债券持有人会议的基本情况 （一）取消的会议名称："宏图转债"2024 年第一次债券持有人会议 （二）取消的会议召开时间：2024 年 5 月 8 日 10:00 （三）取消的会议召开地点：北京市海淀区杏石口路益园文化创意产业基地 A 区 1 号楼 5 层公司会议室 （六）取消的会议审议事项： ...

| 证券代码：688066 | 证券简称：航天宏图 公告编号：2024-027 | | --- | --- | | 债券代码：118027 | 债券简称：宏图转债 | 航天宏图信息技术股份有限公司 关于召开"宏图转债"2024 年第一次债券持有人会 议的通知 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、准确性和完整性依法承担法律责任。 特别提示： 根据《航天宏图信息技术股份有限公司向不特定对象发行可转换公司债 券募集说明书》（以下简称"《可转债募集说明书》"）、《航天宏图信息技术 股份有限公司可转换公司债券持有人会议规则》（以下简称"《会议规则》"） 的规定，债券持有人会议作出的决议，须经出席会议的代表二分之一以上有表决 权的未偿还债券面值的债券持有人（或债券持有人代理人）同意方为有效。 债券持有人会议决议自表决通过之日起生效，但其中需经有权机构批准 的，经有权机构批准后方能生效。依照有关法律、法规、《可转债募集说明书》 和《会议规则》的规定，经表决通过的债券持有人会议决议对本次可转债全体债 券持有人（包括所有出席会议、未出席会议、反馈决议或者放弃投票 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 20% compared to the Shanghai Composite Index within the next six months [21]. Core Views - The company's operating performance is under short-term pressure, with a significant decline in revenue and profit due to various factors, including project delays and a challenging macroeconomic environment. However, there is optimism regarding future overseas business growth and the potential for rapid order increases as international project experience accumulates [15][22][23]. Financial Performance Summary - In 2023, the company reported operating revenue of 1.819 billion yuan, a year-on-year decrease of 25.98%. The attributable net profit was -374.21 million yuan, with a non-recurring net profit of -454 million yuan [22]. - The revenue breakdown includes 154.04 million yuan from space infrastructure planning and construction, 1.587 billion yuan from the PIE+ industry, and 77.19 million yuan from cloud service products [22]. - The company forecasts revenues of 2.601 billion yuan, 3.503 billion yuan, and 4.610 billion yuan for 2024, 2025, and 2026, respectively, with attributable net profits of 147 million yuan, 305 million yuan, and 439 million yuan [24]. Growth Potential - The company is expanding its overseas market presence, having established branches in multiple countries and signed contracts for projects in South America. This strategic expansion is expected to enhance its implementation capabilities in remote sensing applications [17][23]. - The company is also focusing on cloud transformation and the development of AI models, which are anticipated to contribute to its growth in the AI + remote sensing sector [16][24]. Financial Ratios and Valuation - Key financial ratios for 2023 include a return on equity (ROE) of -16.39% and a price-to-earnings (P/E) ratio of -15.03. The company expects to improve these metrics in the coming years, with projected ROE of 6.05%, 11.18%, and 13.98% for 2024, 2025, and 2026, respectively [41].

| 证券代码：688066 | 证券简称：航天宏图 | 公告编号：2024-026 | | --- | --- | --- | | 债券代码：118027 | 债券简称：宏图转债 | | 航天宏图信息技术股份有限公司 1. 股东大会的类型和届次： 2023 年年度股东大会 | 股份类别 | 股票代码 | 股票简称 | 股权登记日 | | --- | --- | --- | --- | | A 股 | 688066 | 航天宏图 | 2024/4/30 | 二、增加临时提案的情况说明 公司已于 2024 年 4 月 12 日公告了股东大会召开通知，单独持有 7.44%股份 的股东北京航星盈创科技中心（有限合伙），在 2024 年 4 月 18 日提出临时提案 并书面提交股东大会召集人。股东大会召集人按照《上市公司股东大会规则》有 关规定，现予以公告。 2. 股东大会召开日期：2024 年 5 月 8 日 3. 股东大会股权登记日： 1. 提案人：北京航星盈创科技中心（有限合伙） 2. 提案程序说明 3. 临时提案的具体内容 关于 2023 年年度股东大会增加临时提案的公告 本公司董事会及全体董事保证公告内容不存 ...

| 证券代码：688066 | 证券简称：航天宏图 公告编号：2024-024 | | --- | --- | | 债券代码：118027 | 债券简称：宏图转债 | 航天宏图信息技术股份有限公司 第三届董事会第二十六次会议决议公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 航天宏图信息技术股份有限公司（以下简称"公司"）第三届董事会第二十 六次会议于 2024 年 4 月 18 日 14:30 在北京市海淀区杏石口路益园文化创意产业 基地 A 区 1 号楼 5 层会议室以现场与通讯表决相结合的方式召开，经全体董事 同意，豁免了本次会议通知关于时限的要求。公司董事 9 人，实际参会董事 9 人。会议由公司董事长王宇翔先生主持，会议的召集和召开程序符合《中华人民 共和国公司法》和《公司章程》等相关规定，会议形成的决议合法、有效。 二、董事会会议审议情况 为维护广大投资者利益，进一步增强投资者信心，提升每股收益水平，结合 公司实际情况，同意公司将存放于回购专用账户中已回购的 1,101,068 股股 ...