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： 证券代码：688387 证券简称：信科移动 公告编号：2024-016 中信科移动通信技术股份有限公司 2023 年年度股东大会决议公告 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 46 | | --- | --- | | 普通股股东人数 | 46 | | 2、出席会议的股东所持有的表决权数量 | 2,773,501,664 | | 普通股股东所持有表决权数量 | 2,773,501,664 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的 | 81.1262 | | 比例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例 | 81.1262 | | （%） | | （四） 表决方式是否符合《公司法》及公司章程的规定，大会主持情况等。 （一） 股东大会召开的时间：2024 年 5 月 ...

北京市朝阳区金和东路 20 号院正大中心 3 号南塔 22-31 层 邮编：100020 22-31/F, South Tower of CP Center, 20 Jin He East Avenue, Chaoyang District, Beijing l00020, P.R. China 电话/Tel : +86 10 5957 2288 传真/Fax : +86 10 6568 1022/1838 www.zhonglun.com 北京市中伦律师事务所 关于中信科移动通信技术股份有限公司 2023 年年度股东大会的 法律意见书 致：中信科移动通信技术股份有限公司 根据《中华人民共和国公司法》《中华人民共和国证券法》等相关法律、法 规和规范性文件及《中信科移动通信技术股份有限公司章程》（以下简称"公司 章程"）的规定，北京市中伦律师事务所（以下简称"本所"）接受中信科移动 通信技术股份有限公司（以下简称"公司"）委托，指派本所律师列席了公司 2023 年年度股东大会（以下简称"本次股东大会"），对本次股东大会的相关事项进 行了见证，并在此基础上出具本法律意见书。 为出具本法律意见书，本所律师审查了公司 ...

证券代码：688387 证券简称：信科移动 公告编号：2024-015 中信科移动通信技术股份有限公司 关于召开2023年度暨2024年第一季度 业绩说明会的公告 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。 重要内容提示 中信科移动通信技术股份有限公司（以下简称"公司"）已于 2024 年 4 月 26 日在上海证券交易所网站（www.sse.com.cn）披露了《2023 年年度报告》和《2024 年第一季度报告》，为便于广大投资者更全面深入地了解公司 2023 年度、2024 年 第一季度经营成果、财务状况，公司计划于 2024 年 5 月 24 日下午 15:00-16:00 举行 2023 年度暨 2024 年第一季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次说明会以网络互动形式召开，公司将针对 2023 年度、2024 年第一季度 的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允 许的范围内就投资者普遍关注的问题进行回答。 会议召开时间：2024 年 5 月 24 日 ...

证 券 研 究 报 告 股 票 研 究 [Table_MainInfo] [Table_Title] 信科移动-U(688387) 下游投入放缓承压，研发成果显著 | --- | --- | --- | --- | |----------|-----------------------|----------------------|-------| | | 王彦龙 ( 分析师 ) | 黎明聪 ( 分析师 ) | | | | 010-83939775 | 0755-23976500 | | | | wangyanlong@gtjas.com | limingcong@gtjas.com | | | 证书编号 | S0880519100003 | S0880523080008 | | 本报告导读： 下调盈利预测，下调目标价，维持增持评级；业绩低于预期，下游投入放缓；研发成 果显著，推动降本增效。 投资要点： [Table_Summary] 下调盈利预测，下调目标价，维持增持评级。公司发布 2023 年报和 2024 年一季报，前者符合预期，后者低于预期。为此我们下调并更 新 2024-2026 年归属母公司净利润 ...

证券代码：688387 证券简称：信科移动 2023 年年度股东大会 会议资料 二〇二四年五月 1 2 | 目录 | | --- | | 2023 年年度股东大会会议须知 3 | | | | --- | --- | --- | | 2023 | | 年年度股东大会会议议程 6 | | 2023 | | 年年度股东大会会议议案 8 | | 议案一：关于公司 | 2023 | 年年度报告及其摘要的议案 8 | | 议案二：关于公司 | 2023 | 年度董事会工作报告的议案 9 | | 议案三：关于公司 | 2023 | 年度监事会工作报告的议案 16 | | 议案四：关于公司 | 2023 | 年度财务决算报告的议案 21 | | 议案五：关于公司 | 2024 | 年度财务预算报告的议案 27 | | 议案六：关于公司未弥补亏损达到实收股本总额三分之一的议案 30 | | | | 议案七：关于公司 | 2023 | 年度利润分配预案的议案 32 | | 议案八：关于公司 | 2024 | 年度日常关联交易预计的议案 33 | | 议案九：关于向银行申请综合授信额度及授权操作的议案 37 | | | | 议案十 ...

公司报告 | 年报点评报告 信科移动（688387） 证券研究报告 2024年05月 01日 投资评级 23 年连续减亏，不断布局 5G-A、6G以及卫星领域 行业 通信/通信设备 6个月评级 增持（维持评级） 当前价格 5.95元 23年减亏，24年一季度下游放缓 目标价格 元 公司发布23年年报及24年一季报，23年实现营业收入78.48亿元，同比 增长13%，归母净利润-3.57 亿元，同比减亏约3.17 亿元，好于快报的-3.7 基本数据 亿元。公司继续强化预算执行动态管控，成本费用占收入比重同比下降2.5 A股总股本(百万股) 3,418.75 个百分点，运营质量持续改善。24 年一季度实现营业收入 9.69 亿元，同 比减少29%，归母净利润-1.59 亿元，同比减少524%，主要是由于电信运 流通A股股本(百万股) 669.11 营商建设计划放慢及受宏观环境影响。 A股总市值(百万元) 20,341.56 流通A股市值(百万元) 3,981.21 系统设备收入、毛利率双升，行业专网快速增长 每股净资产(元) 1.87 23年分业务看：1）系统设备收入23.1 亿元，同比增长26%，毛利率36%， ...

公司报告 | 年报点评报告 信科移动（688387） 证券研究报告 2024年05月 01日 投资评级 23 年连续减亏，不断布局 5G-A、6G以及卫星领域 行业 通信/通信设备 6个月评级 增持（维持评级） 当前价格 5.95元 23年减亏，24年一季度下游放缓 目标价格 元 公司发布23年年报及24年一季报，23年实现营业收入78.48亿元，同比 增长13%，归母净利润-3.57 亿元，同比减亏约3.17 亿元，好于快报的-3.7 基本数据 亿元。公司继续强化预算执行动态管控，成本费用占收入比重同比下降2.5 A股总股本(百万股) 3,418.75 个百分点，运营质量持续改善。24 年一季度实现营业收入 9.69 亿元，同 比减少29%，归母净利润-1.59 亿元，同比减少524%，主要是由于电信运 流通A股股本(百万股) 669.11 营商建设计划放慢及受宏观环境影响。 A股总市值(百万元) 20,341.56 流通A股市值(百万元) 3,981.21 系统设备收入、毛利率双升，行业专网快速增长 每股净资产(元) 1.87 23年分业务看：1）系统设备收入23.1 亿元，同比增长26%，毛利率36%， ...

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 ...