证券代码：688552 证券简称：航天南湖 公告编号：2024-017 航天南湖电子信息技术股份有限公司 关于办公地址及投资者联系方式变更的公告 除上述变更外，公司注册地址、公司网址、电子邮箱等其他信息均保持不变。 敬请广大投资者关注以上信息变更。 特此公告。 航天南湖电子信息技术股份有限公司 董事会 2024 年 8 月 14 日 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、准确性和完整性承担法律责任。 航天南湖电子信息技术股份有限公司（以下简称"公司"）于近日搬迁至新 办公地址，为更好地做好投资者关系管理工作，便于投资者与公司沟通交流，现 将公司办公地址及投资者联系方式变更的具体情况公告如下： | 变更项目 | 变更前 | 变更后 | | --- | --- | --- | | 办公地址 | 湖北省荆州市沙市区金龙路 | 湖北省荆州市荆州经济技术 | | | 51号 | 开发区江津东路9号 | | 联系电话 | 0716-8185149 | 0716-4167788 | | 传真 | 0716-8477194 | 0716-4168456 | ...

Group 1: Sales Performance - Product A remains the highest revenue contributor in 2023, with an increasing sales trend expected in the future [1] - Military trade business achieved sales revenue of 110 million yuan in 2023, representing approximately 15% of total revenue, showing significant growth from 2022 [1] Group 2: Profit Margins - Radar and supporting equipment had a gross margin of about 34% in 2023, while radar components had a gross margin of approximately 28% [2] - The company aims to maintain a reasonable overall gross margin through cost reduction strategies and efficiency improvements [2] Group 3: Research and Development - As of December 31, 2023, the company had 361 R&D personnel, accounting for about 43% of the workforce [3] - The establishment of a new low-altitude division in December 2023 aims to address military and civilian low-altitude market demands [2][3] Group 4: Future Developments - The new production facility, "New South Lake," is expected to enhance production capacity and efficiency, with plans for it to be operational this year [3] - The company is focusing on digitalization and intelligent upgrades in manufacturing processes [3]

Group 1: Sales Performance - Product A accounted for the highest revenue share in 2023, with expectations for new products to gradually increase their revenue contribution in the future [1] - The company's military trade business generated sales revenue of 110 million yuan in 2023, representing a significant increase compared to 2022 and accounting for approximately 15% of total revenue [2] Group 2: Profitability and Cost Management - The overall gross margin for the company in 2023 was approximately 33%, with fluctuations due to military product price differences and changes in product structure [1] - The company aims to maintain a relatively reasonable gross margin by implementing cost reduction strategies, including low-cost design in product development and enhancing supply chain management [2] Group 3: Future Growth Sources - Future revenue growth is expected from several areas: 1. Continued income from existing models and long-term demand for maintenance and spare parts 2. Revenue growth from new models after they enter mass production 3. Gradual expansion of military trade business 4. Development of high-end manufacturing sectors, leveraging technological advantages 5. New business areas such as low-altitude operations as related products are launched [2][3] Group 4: Capital Operations - The company plans to explore various capital operation methods to align with strategic development needs, focusing on diversified industrial layout and structural adjustments [3]

证券代码：688552 证券简称：航天南湖 航天南湖电子信息技术股份有限公司 投资者关系活动记录表 编号：2024-013 √特定对象调研 分析师会议 □媒体采访 □业绩说明会 投资者关系活 □新闻发布会 □路演活动 动类别 √现场参观 □券商策略会 □其他 参与单位名称 方正证券、中航证券 时间 2024年6月25日、2024年6月27日 参与方式 现场会议 上市公司接待 副总经理董事会秘书贺民 人员姓名 证券事务代表肖小红 1、公司是否还存在以暂定价确认收入未完成审价的情 况？ 答：公司存在部分通过单一来源方式获取的订单以暂定价 确认收入未完成审价的情况，但公司在产的主要老型号产品已 完成了审价，通过竞标方式获取的新型号产品将不再进行审 ...

证券代码：688552 证券简称：航天南湖 航天南湖电子信息技术股份有限公司 投资者关系活动记录表 编号：2024-012 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活 □新闻发布会 □路演活动 动类别 □现场参观 √券商策略会 □其他 国泰君安、天弘基金、嘉实基金、西部利得、华夏基金、民生 证券、浙江景和、汇添富基金、长信基金、中银资管、中邮基 参与单位名称 金、东吴证券、国信弘盛、世纪证券、伊诺尔资产、果行资本、 创钰投资 时间 2024年6月18日、2024年 6月20日 参与方式 现场会议 上市公司接待 副总经理、董事会秘书贺民 人员姓名 证券事务代表肖小红 1、产品A在2023年的销售情况？预计未来的销售情况？ 答：产品 A 还在持续销售，在 2023 年收入占比中仍为占 ...

Group 1: Customer Base and Market Position - The company's domestic clients primarily include military customers and military industry groups, covering multiple military branches [1] - The military trade business generated sales revenue of 110 million yuan in 2023, accounting for approximately 15% of total revenue, showing significant growth compared to 2022 [2] - Major competitors in the domestic air defense radar industry include China Electronics Technology Group Corporation's 14th and 38th Research Institutes, as well as China Electronics Corporation [1][2] Group 2: Product Development and Applications - The company's air defense early warning radar products are mainly applied on ground platforms, including vehicle-mounted and fixed installations [1] - Recent years have seen the company win multiple contracts for new air defense radar models, with key projects progressing according to plan and several in the state identification phase [2] - The company has established a low-altitude division to develop products and services for military and civilian low-altitude applications, focusing on low-altitude safety systems and detection technologies [3] Group 3: Financial Performance and Future Planning - The company's gross profit margin for 2023 was approximately 33%, with fluctuations attributed to military product price differences and changes in product structure [3] - Future business development plans include focusing on core responsibilities, accelerating model development, expanding product applications, and exploring both domestic and international markets [2] - The company is implementing a cost-leading strategy to enhance overall gross margin through measures such as low-cost design in product development and improved supply chain management [3] Group 4: Investment and Funding - The company is currently implementing its fundraising projects, including smart production transformation and research testing base construction, which are on track for completion and expected to be operational this year [3] - There are no specific plans for the use of excess fundraising at this time, but future allocations will align with the company's development strategy in the air defense radar sector [3]

证券代码：688552 证券简称：航天南湖 公告编号：2024-016 航天南湖电子信息技术股份有限公司 2023 年年度权益分派 实施公告 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： | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2024/6/5 | 2024/6/6 | 2024/6/6 | 一、通过分配方案的股东大会届次和日期 本次利润分配方案经公司 2024 年 5 月 17 日的 2023 年年度股东大会审议通过。 二、分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 是否涉及差异化分红送转：否 每股分配比例 每股现金红利 0.0920 元 相关日期 1. 发放年度：2023 年年度 2. 分派对象： 本次利润分配以方案实施前的公司总股本 337,248,000 股为基数，每股派发 现金红利 0.0920 元（含税），共 ...

Group 1: Market Demand and Product Development - The demand for air defense early warning radar is significant due to its strategic importance in national defense, especially in the face of new threats and technological advancements [1] - The company has ongoing sales of Product A, while Product B has been discontinued; however, an improved version of Product B has been launched [2] - The company has successfully bid for multiple new air defense radar projects, with key models progressing according to development plans [2] Group 2: Military Trade and Future Planning - In 2023, the company's military trade business generated sales revenue of 110 million yuan, showing substantial growth compared to 2022 [2] - The company plans to focus on its core business, accelerate model development, and expand both domestic and international markets [2] - The establishment of a low-altitude division aims to address military and civilian low-altitude market needs, developing products related to low-altitude safety systems and detection [3] Group 3: Financial Performance and Cost Management - The company's gross profit margin for 2023 is approximately 33%, a decline from 2022, attributed to changes in product structure and profit margins [3] - Future strategies include implementing cost-leading measures, enhancing management, and utilizing digitalization to improve manufacturing efficiency and reduce costs [3] - The company aims to maintain its overall gross profit margin at a relatively reasonable level through effective supply chain management and cost control [3]

Investment Rating - The report maintains an "Accumulate" rating for the company [4][28]. Core Viewpoints - The company is actively expanding into new business areas, including the establishment of a low-altitude division to explore low-altitude economic opportunities [5][26]. - The company aims to accelerate model export projects and continuously expand its international market presence, with military trade revenue expected to increase significantly due to China's growing international influence [6][28]. - The company's performance is projected to grow rapidly, with net profits expected to reach 177 million, 236 million, and 289 million yuan from 2024 to 2026, reflecting year-on-year growth rates of 72%, 34%, and 23% respectively [28]. Summary by Sections Company Overview - The company has established a low-altitude division and is collaborating with local investment groups to foster low-altitude economic development [5][26]. - The company is positioned among the top three in the industry, with a bid success rate exceeding 50% for new model tenders, indicating a strong market presence [27]. Financial Projections - Revenue is projected to grow from 726 million yuan in 2023 to 1.58 billion yuan in 2026, with a compound annual growth rate (CAGR) of approximately 24.6% [8]. - The company's EBITDA is expected to increase from 84.54 million yuan in 2023 to 296.24 million yuan in 2026, reflecting a strong upward trend [8]. - The projected earnings per share (EPS) are expected to rise from 0.30 yuan in 2023 to 0.86 yuan in 2026, indicating a positive outlook for shareholder returns [8].

Group 1: Company Overview and Strategic Direction - The company has maintained its operational stability amidst increasing external complexities and uncertainties, achieving positive progress in various areas [1] - The strategic focus includes "cost leadership" and "diversified development," enhancing core competitiveness in air defense and early warning technology [1][2] - The establishment of a low-altitude division aims to address military and civilian low-altitude detection needs, expanding product applications [2] Group 2: Innovation and R&D Investment - R&D investment accounts for over 19% of revenue, with multiple key projects entering the identification phase [2] - The company has completed 23 key technologies and 6 standardized platform technologies, enhancing its innovation capabilities [2] - The establishment of a scientific and technological committee aims to strengthen decision-making and direction in innovation [2] Group 3: Reform and Governance - The company is included in the second batch of "Science and Technology Reform Demonstration Enterprises" by the State-owned Assets Supervision and Administration Commission, focusing on enhancing core functions [2] - Implementation of a performance-based compensation and assessment system to improve governance efficiency [2] - The company has initiated an ESG system, releasing its first ESG report to fulfill social responsibilities and sustainable development goals [2] Group 4: Market Engagement and Future Plans - The company is actively engaging with local governments to support low-altitude economic development and has signed sales contracts for low-altitude detection products [3][4] - Future plans include exploring various capital operation methods to adjust the industrial structure and achieve high-quality development [4] - The company emphasizes value management, focusing on core business and enhancing internal value to create sustainable returns for investors [4]