Financial Performance - Revenue for 2023 reached RMB 7,848,411,380.74, a 13.43% increase compared to 2022[20] - Net profit attributable to shareholders in 2023 was RMB -357,313,291.85, showing improvement from RMB -673,974,744.43 in 2022[20] - R&D investment accounted for 17.55% of revenue in 2023, a decrease of 1.69 percentage points from 2022[21] - Total assets at the end of 2023 were RMB 14,437,652,359.41, a 5.08% decrease compared to 2022[20] - Operating cash flow in 2023 was RMB -842,450,921.27, a decline from RMB -612,081,081.03 in 2022[20] - The company's weighted average ROE in 2023 was -5.31%, an improvement from -16.05% in 2022[21] - Revenue for Q1 2023 was 1.36 billion RMB, Q2 was 2.09 billion RMB, Q3 was 1.84 billion RMB, and Q4 was 2.57 billion RMB[23] - Net profit attributable to shareholders was 37.37 million RMB in Q1, but turned negative in subsequent quarters: -110.39 million RMB in Q2, -129.61 million RMB in Q3, and -154.69 million RMB in Q4[23] - Operating cash flow was negative in the first three quarters: -694.62 million RMB in Q1, -535.19 million RMB in Q2, and -81.40 million RMB in Q3, but turned positive in Q4 at 468.75 million RMB[23] - Non-recurring gains and losses for 2023 totaled 208.74 million RMB, including 158.63 million RMB from government subsidies and 46.30 million RMB from fair value changes in financial assets[24][25] - The company's total revenue for 2023 was 7.85 billion RMB, a 13.43% year-over-year increase, with system equipment revenue growing over 25.8%[27] - Net loss attributable to shareholders narrowed by 317 million RMB year-over-year to -357 million RMB in 2023[27] - Cost-to-revenue ratio decreased by 2.52 percentage points in 2023, indicating improved operational efficiency[27] - The company's monetary funds decreased by 28.44% to 3.86 billion yuan, accounting for 26.76% of total assets[83] - Accounts receivable increased by 18.19% to 5.47 billion yuan, representing 37.91% of total assets[83] - Contract liabilities rose by 42.59% to 196.05 million yuan, primarily due to increased sales collections[83] - Short-term borrowings decreased by 21.86% to 688.26 million yuan, accounting for 4.77% of total assets[83] - Long-term borrowings dropped by 49.37% to 400 million yuan, representing 2.77% of total assets[83] - The company's overseas assets amounted to 69.04 million yuan, accounting for 0.48% of total assets[83] - Restricted monetary funds totaled 53.47 million yuan, primarily due to various guarantee deposits[84] - The company's trading financial assets increased by 8.07% to 1.30 billion yuan, representing 9.02% of total assets[83] - Revenue for 2023 was 7.85 billion yuan, a year-on-year increase of 13.43%, with net profit attributable to parent company of 357.31 million yuan, reducing losses by 46.98%[64] - Total assets at the end of the reporting period were 14.44 billion yuan, a decrease of 5.08% year-on-year[64] - R&D expenses increased by 3.43% to 1.38 billion yuan, maintaining a similar level to the previous year[66] - System equipment revenue grew by 25.80% to 2.31 billion yuan, with a gross margin increase of 2.57 percentage points[68] - Mobile communication integrated service revenue rose by 3.47% to 2.86 billion yuan, but gross margin decreased by 0.76 percentage points[68] - Domestic revenue reached 7,351,824,762.74 RMB, a year-on-year increase of 25.76%[69] - Overseas revenue was 483,380,336.07 RMB, a year-on-year decrease of 54.37%[69] - Gross profit margin for domestic operations was 20.92%, a slight decrease of 0.03 percentage points year-on-year[69] - Gross profit margin for overseas operations increased by 12.79 percentage points to 27.42%[69] - Direct sales revenue was 7,835,205,098.81 RMB, with a gross profit margin of 21.32%, up 1.34 percentage points year-on-year[69] - Production volume of indoor distribution equipment increased by 106.03% year-on-year to 110,704 units[70] - Top five customers accounted for 75.25% of total annual sales, totaling 590,596.18 million RMB[76] - Top five suppliers accounted for 11.78% of total annual procurement, totaling 83,893.08 million RMB[78] - Material and equipment costs increased by 15.91% year-on-year to 2,995,470,231.25 RMB[74] - Direct material costs for mobile communication network equipment increased by 16.10% year-on-year to 2,850,824,624.77 RMB[74] R&D and Innovation - The company has not yet achieved profitability as of December 31, 2023, due to the high R&D investment and long development cycles typical of the mobile communication industry[3] - The company's R&D investment is considered a cornerstone for future development, with sufficient funds to support ongoing operations and R&D activities[3] - The company's 5G-Advanced (5G-A) technology features significant improvements in uplink/downlink speeds, connection density, and latency[14] - The company's main business focuses on mobile communication technologies, including 5G and 5G-R for railway applications[14] - The company completed the first end-to-end broadband satellite communication service transmission technology verification based on 5G NTN standards, and conducted business verification for high-low orbit and space-ground integration[28] - The company has been focusing on 6G key technology directions, releasing 6G white papers for 4 consecutive years, with 7 pre-research directions leading or advanced in the domestic industry[28] - The company led 6 new international standard projects and won multiple awards including 3 first prizes from the China Communications Society and 1 first prize from the China Communications Standards Association[28] - The company is actively involved in 6G research, focusing on technologies like ultra-large-scale multi-antenna systems, network AI, and satellite-terrestrial integration[37] - The company is a core member of the IMT-2020 (5G) and IMT-2030 (6G) promotion groups, focusing on national 5G leadership and developing a comprehensive core technology system for global wireless network deployment[39] - Breakthroughs in 6G research include RIS massive antenna array technology, distributed MIMO, and the release of the "E-MIMO Technology White Paper" and a holographic metasurface-based massive antenna system[39] - The company proposed a satellite-terrestrial integrated networking strategy and released the "Satellite-Terrestrial Integrated Communication White Paper"[39] - Completed the 2023 IMT-2030 (6G) promotion group's intelligent metasurface direction test and released a new massive antenna transmission system based on RHS[39] - Core technologies include 5G signal processing platform, massive antenna beamforming, and wireless AI technology, with international advanced levels in many areas[40] - High-efficiency multi-channel broadband RF platform technology and ultra-wideband decoupling unit technology have reached international advanced levels[40] - Multi-system multi-frequency fusion indoor coverage technology and large-scale wireless network management technology are at domestic advanced levels[40] - Smart fusion customized industry private network technologies, such as lightweight core network technology and network slicing, are partially commercialized with domestic advanced levels[41] - Communication-specific high-efficiency test instrument technologies, including multi-standard collaborative testing and intelligent analysis engine, are at international advanced levels[41] - The company achieved breakthroughs in RIS massive antenna array technology and proposed the basic technical route for distributed MIMO, releasing the "Ultra-Dimensional Antenna (EMIMO) Technology White Paper" and a massive antenna system based on holographic metasurfaces[45] - The company completed the development of new platform equipment for AAU and RRU, significantly reducing cost, weight, volume, and power consumption, with further progress in localization[45] - The company added 1,789 new intellectual property applications, including 1,719 patents, and obtained 1,469 new intellectual property authorizations, including 1,399 patents[45] - The company's R&D investment in 2023 was 1,377,259,846.20 yuan, an increase of 3.43% compared to the previous year, with R&D investment accounting for 17.55% of revenue[47] - The company completed the development of a 5G base station multi-frequency collaborative hardware device, supporting the reclamation of existing frequency bands for 5G and meeting the continuous construction needs of 5G networks[48] - The company developed a 5G base station software deterministic network enhancement, completing the development and verification of low-latency, high-reliability, timing, and key business identification functions[49] - The company completed the pre-commercial release of the 5G-R system equipment (core network/base station/network management) version 1.1 and passed testing[49] - The company developed a 5G extended small cell V2, targeting low-cost indoor and outdoor coverage applications for operators[49] - The company completed the development of a 5G base station hardware energy-saving and performance improvement project, optimizing equipment to enhance energy efficiency and performance[49] - The company completed the verification of 3GPP R16 functions and released the R17 Redcap function version for 5G base station software[49] - The number of R&D personnel increased to 2,431, accounting for 46.96% of the total workforce, with total R&D personnel compensation reaching 55,302 million yuan and an average salary of 22.75 thousand yuan[51] - R&D personnel education structure includes 63 PhDs, 1,050 master's degrees, 1,251 bachelor's degrees, and 67 associate degrees, with the majority aged between 30-40 years old[52] - The company holds a leading position in 5G massive MIMO technology and ultra-dense networking, with 7 out of 12 key 6G technologies being globally competitive[53] - The company ranks 7th globally in 5G standard proposal contributions and 8th in 5G standard essential patents[53] - The company reported a net loss of 35,090.11 million yuan, with a non-GAAP net loss of 56,605.61 million yuan, primarily due to high R&D costs in the mobile communication industry[55] - Revenue for 2023 increased by 13.43% to 784,841.14 million yuan, with a gross margin of 21.34%, up 1.31 percentage points from 2022[56] - The company faces risks related to product competitiveness and intellectual property protection, which could impact future development[58] - Operating cash flow was -842.45 million yuan, a decrease of 37.64% compared to the previous year, mainly due to increased market expansion and R&D investments[60] - Accounts receivable (including contract assets) amounted to 5.50 billion yuan, accounting for 38.07% of total assets[60] - Inventory value reached 2.11 billion yuan, representing 14.59% of total assets, driven by increased production for 5G network construction[60] - Revenue for 2023 was 7.85 billion yuan, a year-on-year increase of 13.43%, with net profit attributable to parent company of 357.31 million yuan, reducing losses by 46.98%[64] - Total assets at the end of the reporting period were 14.44 billion yuan, a decrease of 5.08% year-on-year[64] - R&D expenses increased by 3.43% to 1.38 billion yuan, maintaining a similar level to the previous year[66] - System equipment revenue grew by 25.80% to 2.31 billion yuan, with a gross margin increase of 2.57 percentage points[68] - Mobile communication integrated service revenue rose by 3.47% to 2.86 billion yuan, but gross margin decreased by 0.76 percentage points[68] - The company faces risks from fluctuating operator investments and slower-than-expected 5G application adoption[62] - International political and economic uncertainties pose potential risks to the company's operations[63] - Domestic revenue reached 7,351,824,762.74 RMB, a year-on-year increase of 25.76%[69] - Overseas revenue was 483,380,336.07 RMB, a year-on-year decrease of 54.37%[69] - Gross profit margin for domestic operations was 20.92%, a slight decrease of 0.03 percentage points year-on-year[69] - Gross profit margin for overseas operations increased by 12.79 percentage points to 27.42%[69] - Direct sales revenue was 7,835,205,098.81 RMB, with a gross profit margin of 21.32%, up 1.34 percentage points year-on-year[69] - Production volume of indoor distribution equipment increased by 106.03% year-on-year to 110,704 units[70] - Top five customers accounted for 75.25% of total annual sales, totaling 590,596.18 million RMB[76] - Top five suppliers accounted for 11.78% of total annual procurement, totaling 83,893.08 million RMB[78] - Material and equipment costs increased by 15.91% year-on-year to 2,995,470,231.25 RMB[74] - Direct material costs for mobile communication network equipment increased by 16.10% year-on-year to 2,850,824,624.77 RMB[74] - The company's monetary funds decreased by 28.44% to 3.86 billion yuan, accounting for 26.76% of total assets[83] - Accounts receivable increased by 18.19% to 5.47 billion yuan, representing 37.91% of total assets[83] - Contract liabilities rose by 42.59% to 196.05 million yuan, primarily due to increased sales collections[83] - Short-term borrowings decreased by 21.86% to 688.26 million yuan, accounting for 4.77% of total assets[83] - Long-term borrowings dropped by 49.37% to 400 million yuan, representing 2.77% of total assets[83] - The company's overseas assets amounted to 69.04 million yuan, accounting for 0.48% of total assets[83] - Restricted monetary funds totaled 53.47 million yuan, primarily due to various guarantee deposits[84] - The company's trading financial assets increased by 8.07% to 1.30 billion yuan, representing 9.02% of total assets[83] - The company's strategy focuses on mobile communication technology, targeting domestic and international operators and industry-specific networks[94] - The company aims to become a global leader in the mobile communication field by increasing R&D investment and strengthening patent operations[94] - Focus on improving operational quality and efficiency, leveraging key roles of core businesses in domestic and international markets[95] - Enhance market share and delivery efficiency in system equipment business, aiming for both scale and profit growth[95] - Strengthen profitability in indoor distribution business and maintain leading market share[95] - Improve product quality in antenna and feeder business to sustain industry-leading advantages[95] - Expand profit increments in communication services by focusing on premium regions and precise resource allocation[95] - Seize opportunities in the "Belt and Road" initiative to boost international business revenue and its proportion[95] - Deepen market expansion in satellite internet, energy, and transportation sectors to enhance business scale and market position[95] - Accelerate R&D of 5G-A/6G core technologies and domestic base station communication chips[95] - Develop satellite-related products such as satellite base stations and satellite-ground fusion core networks[95] - Strengthen internal innovation mechanisms and promote transformation of scientific achievements into products[95] - Chairman Luo Kunchu resigned on April 12, 2024, and Sun Xiaonan was elected as the new chairman[106] - Sun Xiaonan resigned as General Manager but continues to serve as a director and member of the Strategic Committee[106] - Cai Xin resigned as Vice President and no longer holds any position in the company[106] - The company's first board of directors and supervisory board will be extended until the new election is completed[106] - Li Bingcheng, an independent director, increased his shareholding by 25,300 shares through secondary market purchases, totaling 25,800 shares[104] - The total pre-tax remuneration for all directors, supervisors, and senior management in 2023 was 19.4574 million yuan[106] - The company's core technical personnel include Wang Yingmin, Chief Scientist, and Kang Shaoli, Senior Technical Expert in System Research[105] - The company's board and supervisory board elections are delayed due to incomplete candidate nominations[106] - The company's first board of directors and supervisory board will continue to perform their duties until the new election is completed[106] - The company's key technical personnel include Wang Yingmin, Chief Scientist, and Kang Shaoli, Senior Technical Expert in System Research[105] - Sun Xiaonan has been serving as the Chairman of Datang Mobile since May 2021 and was appointed as the Chairman of the company in April 2024[107] - Fan Zhiwen has been the General Manager of the company since April 2024, previously serving as Vice President of FiberHome Technologies from April 2018 to April 2024[107] - Hua Xiaodong has been the Director of the Human Resources Department at China Information Communication Technology Group since April 2021 and has been a director of the company since July 2021[107] - Xie Deping served as the Deputy Director of the Development Planning Department at Wuhan Research Institute of Posts and Telecommunications from October 2018 to September 2022[107] - Ma Hongxia has been the CFO of Datang Telecom Technology Co., Ltd. since June 2022 and has served as a director of the company since April 2021[109]

2024 年第一季度报告 单位：元 币种：人民币 证券代码：688387 证券简称：信科移动 中信科移动通信技术股份有限公司 2024 年第一季度报告 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。 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。 第一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 | --- | --- | --- | |-----------------------------------------------|-----------------|------------------------------------------| | 项目 | 本报告期 | 本报告期比上年 \n同期增减变动幅 \n度 (%) | | 营业收入 | 969,0 ...

股 票 研 究 [Table_industryInfo] 电信运营/信息技术 [ Table_Main[信ITnaf 科bol]e 移_Ti动tle]- U(688387) [评Tab级le_：Inv est] 增持 上次评级： 增持 减亏效果显著，看好卫星通信业务前景 目标价格： 10.82 上次预测： 10.82 公 ——2023业绩快报点评 当前价格： 6.49 司 王彦龙(分析师) 黎明聪(分析师) 2024.02.24 更 010-83939775 0755-23976500 [交Ta易bl数e_M据a rket] 新 wangyanlong@gtjas.com limingcong@gtjas.com 证书编号 S0880519100003 S0880523080008 52周内股价区间（元） 5.33-8.84 报 总市值（百万元） 22,188 告 本报告导读： 总股本/流通A股（百万股） 3,419/667 维持盈利预测，维持目标价和增持评级；业绩符合预期，减亏效果显著；产业规划频 流通 B股/H股（百万股） 0/0 流通股比例 20% 出，看好卫星通信业务前景。 日均成交量（百万股） 10 ...

2023 年第三季度报告 单位：元 币种：人民币 证券代码：688387 证券简称：信科移动 中信科移动通信技术股份有限公司 2023 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。 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。 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 本报告期 年初至报告 | --- | --- | --- | --- | --- | |------------------------------------------------|------------------|------------------------------|------------------|------------------------ ...

公司代码：688387 公司简称：信科移动 2023 年半年度报告 中信科移动通信技术股份有限公司 2023 年半年度报告 1 / 188 2023 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 完整性，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。 二、 重大风险提示 报告期内，公司不存在对生产经营构成实质性影响的重大风险。公司已于本报告中详述公司 在经营过程中可能面临的相关风险，详见本报告第三节"管理层讨论与分析"之"五、风险因素" 的相应内容。 三、 公司全体董事出席董事会会议。 四、 本半年度报告未经审计。 五、 公司负责人罗昆初、主管会计工作负责人张京红及会计机构负责人（会计主管人员）陈伟声 明：保证半年度报告中财务报告的真实、准确、完整。 六、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 七、 是否存在公司治理特殊安排等重要事项 □适用 √不适用 八、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的未来计划、发展战略等前瞻性描述，不构成公司对投资者的实质性承诺，敬 请投资者注意投资风险 ...

2023 年第一季度报告 单位：元 币种：人民币 证券代码：688387 证券简称：信科移动 中信科移动通信技术股份有限公司 2023 年第一季度报告 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。 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。 第一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 | --- | --- | --- | |----------------------------|------------------|--------------------------------------| | 项目 | 本报告期 | 本报告期比上年 同期增减变动幅 度 (%) | | 营业收入 | 1,359,174,276.83 | 41.39 | | 归属 ...

2022 年年度报告 公司代码：688387 公司简称：信科移动 中信科移动通信技术股份有限公司 2022 年年度报告 1 / 229 2022 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实性、准确性、 完整性，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。 二、 公司上市时未盈利且尚未实现盈利 √是 □否 截至 2022 年 12 月 31 日，公司尚未实现盈利，主要系公司所处的移动通信行业是典型的技术 密集型和资金密集型行业，该行业的基本特征是研发投入高、研发周期长、技术性强、研发风险 高等，每一代移动通信技术都需要大额的资金投入以实现通信标准、底层核心技术和产品的研究 开发及后续商业化等过程。 研发投入是立足于企业长远发展而进行的投入，是支撑企业未来发展的基石。公司目前资金 状况良好，可以在未来一段时间内支撑公司的研发投入及日常运营。公司将持续巩固提升国内运 营商市场份额、加大国际市场开拓力度，同时，抓住 5G 行业应用需求快速增长的机遇，在 5G 行 业应用重点目标领域取得优势地位，不断提升公司的市场地位和影响力。 三、 重大风险 ...