Financial Performance - The company's operating revenue for 2022 was ¥204,708,522.36, a decrease of 35.67% compared to ¥318,224,149.56 in 2021[20]. - The net profit attributable to shareholders for 2022 was ¥55,802,570.20, down 23.63% from ¥73,072,776.73 in 2021[20]. - The net profit after deducting non-recurring gains and losses decreased by 45.19% to ¥39,669,924.23 from ¥72,373,622.21 in 2021[20]. - The company's cash flow from operating activities showed a net outflow of ¥36,322,557.18, compared to a net inflow of ¥77,275,012.36 in 2021[21]. - The total assets increased by 198.67% to ¥1,755,520,914.06 at the end of 2022 from ¥587,787,449.57 at the end of 2021[21]. - Basic earnings per share for 2022 were ¥0.68, a decline of 38.74% from ¥1.11 in 2021[22]. - The weighted average return on equity decreased to 4.65% in 2022, down 27.98 percentage points from 32.63% in 2021[22]. - The company achieved operating revenue of CNY 204.71 million in 2022, a year-on-year decrease of 35.67%[32]. - The net profit attributable to the parent company was 55.80 million yuan, down 23.63% year-on-year[32]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 11.27% in 2022 from 6.49% in 2021, reflecting a rise of 4.78 percentage points[22]. - The company invested 23.07 million yuan in R&D, accounting for 11.27% of operating revenue, and obtained 3 invention patents and 3 utility model patents[33]. - The company has accumulated 9 invention patents, 11 utility model patents, and 26 software copyrights, forming 16 core technologies in the inertial navigation field[47]. - The company is actively expanding its micro-combined navigation devices capable of aerial alignment under high overload and dynamic conditions, with laboratory validation completed[55]. - The company is working on a laser information processing control component, with a budget of 1,050,000.00 RMB, to enhance the intelligence of guidance systems[68]. Corporate Governance - The company has not disclosed any special arrangements for corporate governance[7]. - The company emphasizes improving corporate governance and ensuring the protection of shareholders' rights[34]. - The company has established a governance structure that includes a board of directors, supervisory board, and senior management, ensuring clear responsibilities and coordination among decision-making bodies[182]. - The company has a cash dividend policy that complies with relevant laws and regulations, ensuring the protection of minority shareholders' rights[157]. - The company has established a complete and effective internal control management system, ensuring the reliability of financial reports and operational efficiency[164]. Market and Product Development - The company focuses on the development of inertial navigation systems and has established itself as a major supplier for the army and air force[31]. - The primary revenue model is based on the sale of inertial navigation systems and core components, with significant sales of the military-standard **51 and **51A inertial navigation systems during the reporting period[37]. - The company is expanding into civilian applications such as drones and autonomous vehicles, aiming to increase market share and product range[73]. - The company has developed navigation products applicable to various scenarios such as drones, unmanned ships, and autonomous driving, with sales orders already formed for applications in drones and coal mining machines[36]. - The company is committed to improving the environmental adaptability and long-term stability of its products, focusing on advanced navigation algorithms and optimal filtering technologies[50]. Risks and Challenges - The company has disclosed potential risks in the "Management Discussion and Analysis" section of the report[4]. - The company faces challenges in talent and scale compared to major domestic competitors, despite having advantages in market resources and technology[48]. - The company is exposed to macroeconomic risks, including potential reductions in defense spending affecting military orders and profitability[82]. - The company faces a high concentration risk with its largest customer, which could lead to significant revenue fluctuations if the relationship changes[79]. - The company has a high balance of accounts receivable and notes receivable, which poses a risk of bad debts impacting cash flow[80]. Shareholder and Board Information - The total number of shares held by the board members at the beginning of the year was 51,480,000, remaining unchanged by the end of the year[130]. - The total pre-tax compensation for the board members during the reporting period amounted to 386.29 million CNY[132]. - The company did not report any changes in shareholding for the board members during the reporting period[130]. - The average age of the board members is approximately 52 years, with the youngest being 36 and the oldest being 70[130]. - The company has maintained a stable leadership team with no significant changes in shareholding or management positions during the reporting period[130]. Environmental and Social Responsibility - The company has implemented a complete environmental management system, including the establishment of an environmental protection leadership group[176]. - The company does not belong to the key pollutant discharge units as per environmental protection department announcements and has complied with national environmental policies[168]. - The company is committed to rural revitalization and poverty alleviation, contributing to the economic development of local communities[181]. - The company conducted 19 environmental inspections and organized 6 training sessions on environmental protection, achieving a 100% qualification rate for participants[177]. - The company has not experienced any major environmental pollution incidents or legal penalties related to environmental protection during the reporting period[178].

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。 2022 年第三季度报告 证券代码：688282 证券简称：理工导航 北京理工导航控制科技股份有限公司 2022 年第三季度报告 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、准确性和完整性依法承担法律责任。 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。 第三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 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 上年同期增 | 年初至报告期 | 末比上年同期 | | | | 减变动幅度 | 末 | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 55,635,398.22 | -44.81 | 192,060 ...

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2022, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders for the same period was RMB 20 million, up 10% compared to the previous year[15]. - The company's operating revenue for the first half of 2022 was ¥136,425,398.31, a decrease of 6.96% compared to the same period last year[22]. - Net profit attributable to shareholders increased by 11.16% to ¥35,361,842.40, mainly due to government subsidies and increased investment income from bank financial products[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 16.27% to ¥26,548,432.84, primarily due to delayed deliveries of inertial navigation system products[23]. - The net cash flow from operating activities decreased by 261.82% to -¥18,456,030.66, attributed to reduced sales collections[23]. - The basic earnings per share for the first half of 2022 was ¥0.46, a decrease of 4.73% compared to the same period last year[22]. - The total comprehensive income for the first half of 2022 was RMB 35,361,842.40, an increase from RMB 31,812,184.00 in the previous year[165]. - The company reported a significant increase in interest income, which rose to RMB 2,167,720.93 from RMB 401,156.79 in the previous year[164]. Research and Development - The company has allocated RMB 5 million for research and development in new technologies, focusing on enhancing navigation accuracy[15]. - The research and development expenditure accounted for 7.19% of operating revenue, an increase of 0.71 percentage points year-on-year[22]. - The company achieved a total R&D investment of ¥9,809,552.14 in the first half of 2022, representing a 3.30% increase compared to ¥9,495,987.93 in the same period last year[53]. - R&D investment accounted for 7.19% of total revenue, an increase of 0.71 percentage points from 6.48% in the previous year[53]. - The company is focused on developing high-precision inertial navigation and control technologies for military applications while gradually expanding into civilian markets[27]. - The company has developed advanced inertial navigation products, including a new integrated design for remote-guided munitions, improving guidance accuracy and anti-jamming capabilities[49]. - The company has developed key technologies in inertial navigation systems, addressing critical issues such as temperature calibration and system error modeling, becoming a major supplier for the army and air force[28]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2023[15]. - The company is actively expanding into civilian applications such as drones and autonomous vehicles, aiming to increase market share and product range[65]. - The company has developed products applicable to various scenarios such as drones, unmanned ships, and autonomous driving[27]. - The company has expanded its market presence by introducing high-level sales talents and developing navigation products suitable for drones and intelligent mining machines[48]. Financial Position and Assets - The company has maintained a strong cash position with RMB 50 million in cash reserves, ensuring liquidity for ongoing operations and investments[15]. - The total assets at the end of the reporting period were ¥1,801,889,786.37, an increase of 206.55% compared to the end of the previous year[22]. - The company's total liabilities decreased to CNY 309,303,928.53 from CNY 254,198,866.91, a reduction of about 21.7%[161]. - Owner's equity surged to CNY 1,503,098,429.48 from CNY 268,989,389.98, reflecting an increase of approximately 460.5%[161]. - The company reported a significant increase in cash received from sales, totaling 13,344,000.00 RMB, compared to 61,268,623.00 RMB in the first half of 2021[174]. Risks and Challenges - The management has identified potential risks including market competition and supply chain disruptions, with strategies in place to mitigate these risks[15]. - The company faces risks related to military procurement policies, which significantly impact product sales and revenue due to dependence on defense spending[69]. - The company faces risks related to high accounts receivable and potential bad debt losses, despite a good credit status of customers[75]. - The company relies heavily on a concentrated customer base, with its largest customer accounting for a significant portion of sales, posing a risk if relationships change[70]. Shareholder and Governance - The company held one shareholders' meeting on June 27, 2022, where all proposed resolutions were approved without any rejections[92]. - The company has committed to not transferring or entrusting the management of its pre-IPO shares for 36 months from the date of listing[100]. - The company will ensure timely and accurate disclosure of information as required by the Shanghai Stock Exchange[105]. - The company has established a compensation mechanism linked to the performance of its stock incentive plans, aiming to align management interests with shareholder returns[110]. Environmental and Compliance - The company has implemented cost reduction and efficiency enhancement measures, optimizing processes to reduce energy consumption and greenhouse gas emissions[97]. - The company has established an environmental protection system and conducts regular inspections and training to enhance employee awareness of environmental responsibilities[96]. - The company is not classified as a key greenhouse gas emitter according to national regulations, indicating a lower regulatory burden regarding carbon emissions[97]. - The company has not faced any administrative penalties or legal violations during the reporting period[119].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 69,089,734.59, representing a year-on-year increase of 42.99%[5] - The net profit attributable to shareholders for the same period was CNY 14,226,229.42, reflecting a significant increase of 122.74% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 13,766,979.64, up by 119.20% year-on-year[5] - Basic and diluted earnings per share were both CNY 0.22, an increase of 122.62% from the same period last year[6] - The company's net profit for Q1 2022 was CNY 14,226,229.42, a significant increase of 122.5% compared to CNY 6,387,056.52 in Q1 2021[19] - Operating profit for Q1 2022 reached CNY 16,442,191.35, up 128.5% from CNY 7,185,785.35 in the same period last year[19] - The total comprehensive income for Q1 2022 was CNY 14,226,229.42, reflecting a substantial increase from CNY 6,387,056.52 in Q1 2021[20] Assets and Liabilities - The total assets at the end of the reporting period reached CNY 1,914,570,397.74, a substantial increase of 225.72% compared to the end of the previous year[6] - Cash and cash equivalents as of March 31, 2022, amounted to RMB 424,961,512.76, compared to RMB 34,627,483.36 at the end of 2021[15] - Total assets as of March 31, 2022, were RMB 1,914,570,397.74, significantly higher than RMB 587,787,449.57 at the end of 2021[16] - Total liabilities as of March 31, 2022, were RMB 389,297,290.52, compared to RMB 327,300,833.57 at the end of 2021, showing an increase of 19%[16] - Shareholders' equity as of March 31, 2022, was RMB 1,525,273,107.22, up from RMB 260,486,616.00 at the end of 2021, indicating a substantial growth[17] Cash Flow - The net cash flow from operating activities was negative at CNY -10,659,610.81, indicating a cash outflow during the quarter[6] - The company reported a net cash outflow from operating activities of CNY -10,659,610.81, slightly improved from CNY -10,753,001.97 in Q1 2021[21] - Total operating cash inflow for Q1 2022 was CNY 605,524.43, a decrease from CNY 11,554,446.92 in Q1 2021[22] - The company raised CNY 1,286,158,000.00 from investment activities in Q1 2022, indicating strong capital inflow[23] Research and Development - Research and development expenses totaled CNY 4,092,473.27, accounting for 5.92% of operating revenue, a decrease of 1.10 percentage points from the previous year[6] - Research and development expenses increased to CNY 4,092,473.27, compared to CNY 3,391,281.19 in Q1 2021, reflecting a growth of 20.7%[19] Shareholder Information - The company had a total of 17,379 common shareholders at the end of the reporting period[11]