证券代码：688552 证券简称：航天南湖 公告编号：2024-012 航天南湖电子信息技术股份有限公司 关于召开 2023 年度暨 2024 年第一季度业绩说明会 的公告 航天南湖电子信息技术股份有限公司（以下简称"公司"）已于 2024 年 4 月 26 日发布公司 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 年度及 2024 年第一季度经营成果、财务状况，公司计 划于 2024 年 5 月 8 日（星期三）下午 14:00-15:00 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 本次业绩说明会以网络互动形式召开，公司将针对 2023 年度及 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。 二、说明会召开的时间、地点 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。 重要内容提示： 会议召开时间：2024 年 05 月 0 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 15% in the next six months [11][12]. Core Insights - In 2023, the company reported a revenue of 726 million yuan, a decrease of 23.85% year-on-year, and a net profit attributable to shareholders of 102 million yuan, down 34.66% from the previous year [11][12]. - The company has focused on enhancing its research and development capabilities, with R&D expenses amounting to 140.35 million yuan, representing 19.34% of total revenue [2]. - The company successfully completed its initial public offering (IPO) in 2023, raising funds that contributed to a significant increase in net assets [11]. Financial Performance Summary - Total revenue for 2023 was 726 million yuan, with a year-on-year decline of 23.85% [11]. - Net profit attributable to shareholders was 102 million yuan, reflecting a 34.66% decrease compared to the previous year [11]. - The company’s earnings per share (EPS) for 2023 was 0.30 yuan, with projected EPS of 0.37 yuan for 2024 and 0.45 yuan for 2025 [11][12]. - The price-to-earnings (P/E) ratio for 2023 was 64.19, with projections of 52.18 for 2024 and 43.54 for 2025 [11][12]. Research and Development Focus - The company has established a strong R&D team, with 361 personnel, accounting for 43.03% of total employees [2]. - It has obtained a total of 48 invention patents and 81 utility model patents, emphasizing its commitment to innovation [2]. - The company collaborates with universities to enhance its technological capabilities and innovation [2].

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook based on its unique position in the market and growth potential [1]. Core Views - The company reported a revenue of 730 million yuan for 2023, a year-on-year decrease of 23.9%, and a net profit attributable to shareholders of 100 million yuan, down 34.7% year-on-year. The performance aligns with market expectations, primarily affected by reduced market demand and product deliveries [1]. - The company is recognized as a rare manufacturer of air defense early warning radar systems in China and is classified as a national-level specialized and innovative "little giant" enterprise. It is expected to benefit from the continuous growth in domestic equipment demand and expansion into civilian sectors, with projected net profits of 129 million yuan, 161 million yuan, and 202 million yuan for 2024 to 2026, respectively [1][6]. Summary by Sections Financial Performance - In Q4 2023, the company achieved a revenue of 220 million yuan, a significant year-on-year decline of 69.4%, and a net profit of 62 million yuan, down 68.6% year-on-year. This decline is attributed to reduced product deliveries and a high base from Q4 2022 [1]. - The gross margin for 2023 decreased by 8.4 percentage points to 33.4%, while the net margin fell by 2.3 percentage points to 14.1% [1]. Product Segmentation - Revenue from radar components grew by 90.4% to 110 million yuan, driven by increased deliveries of radar spare parts. However, revenue from radar and supporting equipment decreased by 34.4% to 590 million yuan [1]. - The company has a high customer concentration, with the top five customers accounting for 96.1% of total revenue, and the largest customer representing 58.0% of total revenue [1]. Research and Development - The company has increased its R&D expenditure, with the R&D expense ratio rising by 4.4 percentage points to 19.3% in 2023. Operating cash flow improved significantly, reaching 310 million yuan in 2023, compared to a negative cash flow of 290 million yuan in 2022 [1][10]. Future Projections - The company forecasts revenue growth rates of 25.3%, 24.8%, and 24.5% for 2024, 2025, and 2026, respectively. The projected net profit growth rates are 25.6%, 25.5%, and 25.0% for the same years [6][15]. - The current stock price corresponds to a price-to-earnings (PE) ratio of 51x for 2024, 41x for 2025, and 33x for 2026, reflecting the company's growth potential [1][6].

中信建投证券股份有限公司 关于航天南湖电子信息技术股份有限公司 2023年度募集资金存放与实际使用情况的专项核查报告 根据中国证券监督管理委员会《关于同意航天南湖电子信息技术股份有限公 司首次公开发行股票注册的批复》（证监许可〔2023〕483号），公司首次公开发 行人民币普通股（A股）84,312,701股，每股发行价格为人民币21.17元，募集资 金总额为人民币1,784,899,880.17元，扣除发行费用人民币128,276,144.65元，公 司本次募集资金净额为人民币1,656,623,735.52元，致同会计师事务所（特殊普通 合伙）已于2023年5月10日对公司首次公开发行股票募集资金到位情况进行了审 验，并出具了《验资报告》（致同验字〔2023〕第110C000219号）。 （二）募集资金本报告期使用金额及期末余额 公司2023年度实际使用募集资金53,888.13万元，累计收到的银行存款利息扣 除手续费等的净额为861.27万元。截至2023年12月31日，募集资金余额为 112,635.51万元（包括累计收到的银行存款利息扣除手续费等的净额），具体使用 情况为： 1 单位：人民币万元 | ...

航天南湖电子信息技术股份有限公司 2023 年度独立董事述职报告 许明君先生，1970 年生，中国国籍，无境外永久居留权，毕业于清华大学 民商法专业，在职研究生学历。1992 年 7 月至 2006 年 1 月，历任潍坊市边境 贸易合作公司职员、潍坊市人民政府法制局公务员、北京市中润律师事务所律 师；2006 年 1 月至今，任北京市君致律师事务所律师、高级合伙人、主任； 2019 年 11 月至今，任公司独立董事。 （二）独立性情况说明 本人作为公司独立董事，未在公司担任除独立董事以外的其他职务，与公 司控股股东、实际控制人及其他主要股东不存在直接或间接利害关系或其他可 能影响本人进行独立客观判断的关系，本人任职符合《上市公司独立董事管理 办法》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等 法律法规及规范性文件规定的独立性要求。 作为航天南湖电子信息技术股份有限公司（以下简称"公司"）独立董事， 本人严格按照《公司法》《证券法》《上市公司治理准则》《上市公司独立董事管 理办法》等法律法规以及《公司章程》和《独立董事工作制度》的有关规定， 在 2023 年的工作中，本着独立、客观的原则 ...

Financial Performance - The company's operating revenue for 2023 was CNY 725,686,796.43, a decrease of 23.85% compared to CNY 953,007,440.19 in 2022[21]. - The net profit attributable to shareholders for 2023 was CNY 102,455,481.36, down 34.66% from CNY 156,808,913.66 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 77,531,439.65, a decline of 49.72% from CNY 154,198,539.01 in 2022[21]. - Basic earnings per share decreased by 45.16% to CNY 0.34 compared to CNY 0.62 in the previous year[22]. - Net profit attributable to shareholders decreased by 34.66% due to reduced product deliveries and revenue[22]. - Revenue for the year decreased by 23.85% due to industry policies and reduced market demand[22]. - The company reported a net profit of CNY 61.52 million in Q4 2023, a significant recovery from previous quarters[25]. - The company achieved operating revenue of 725.69 million yuan in 2023, a decrease of 23.85% compared to the same period last year[32]. - Net profit attributable to shareholders was 102.46 million yuan, down 34.66% year-on-year[32]. Cash Flow and Assets - The net cash flow from operating activities improved to CNY 310,554,869.35, compared to a negative cash flow of CNY -286,223,119.13 in 2022, marking a 208.50% increase[21]. - The total assets at the end of 2023 reached CNY 3,270,002,574.85, an increase of 76.65% from CNY 1,851,109,325.24 at the end of 2022[21]. - The net assets attributable to shareholders increased to CNY 2,668,175,875.37, up 178.63% from CNY 957,610,617.61 in 2022[21]. - The company's inventory value at the end of 2023 was 387.26 million yuan, with risks of inventory impairment due to potential market changes[72]. - The net cash flow from investing activities decreased to -¥1,174,610,253.04, a 1,232.75% change from the previous year's net cash flow of ¥103,695,000.64[98]. - The net cash flow from financing activities increased to ¥1,608,585,122.37, a 3,527.74% change compared to the previous year's net cash flow of -¥46,928,402.85[98]. Research and Development - R&D expenditure as a percentage of revenue rose by 4.36 percentage points to 19.34%[22]. - Research and development investment reached 140.35 million yuan, accounting for 19.34% of operating revenue[32]. - The company achieved 23 key technological breakthroughs and completed 6 standardized platform technology validations during the reporting period[59]. - The company has developed seven core technologies, including phased array radar design and adaptive anti-jamming, which have contributed to successful bids for multiple radar development projects[53]. - The company is focusing on the development of broadband phased array radar design technology, which is crucial for improving target recognition and anti-jamming capabilities[54]. - The company has established a comprehensive R&D, procurement, production, sales, and service system in the air defense early warning radar sector[67]. Governance and Compliance - The board of directors and management have confirmed the accuracy and completeness of the financial report, ensuring no significant omissions or misleading statements[4]. - The company has established a robust internal control system that ensures the authenticity and fairness of financial reporting, with no significant deficiencies reported during the period[161]. - The company is committed to improving information disclosure quality and investor relations management, enhancing the effectiveness of information dissemination[107]. - The company has established an insider information management system to ensure confidentiality and compliance with regulations regarding periodic report disclosures[114]. - The company confirmed that there are no significant differences in governance compared to regulations set by the China Securities Regulatory Commission[114]. Market and Sales - The company secured military trade contracts, generating revenue of 110 million yuan from military trade business in 2023[33]. - The company engages in both domestic sales and military trade exports, with direct sales to domestic military clients and exports through military trade companies[44]. - The company’s radar components business includes maintenance materials for air defense radar, with pricing determined through negotiations or military pricing reviews[44]. - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[126]. - Market expansion efforts have led to a 30% increase in market share in the Asia-Pacific region[126]. Environmental and Social Responsibility - The company is committed to sustainable development and actively engages in ESG practices, focusing on stakeholder interests[162]. - The company generated greenhouse gas emissions totaling 1,673.33 tons of CO2 equivalent in 2023[172]. - The total energy consumption in 2023 was 385.36 tons of standard coal, with water usage at 89,078 tons and electricity consumption at 2.8482 million kWh[173]. - The company discharged 58,209 tons of wastewater and handled 21.87 tons of hazardous waste, achieving a 100% disposal rate through qualified third-party recycling[174]. - The company has established an environmental management system in accordance with ISO 14001 standards, ensuring effective control of significant environmental factors and activities[175]. Shareholder Engagement - The company held 2 earnings briefings in 2023 and conducted 30 investor communication activities, receiving 190 investors[186]. - The company has implemented a management system for investor relations to enhance communication and address investor concerns effectively[114]. - The company held four shareholder meetings during the reporting period, with all resolutions passed without any rejections[117]. - The independent directors have expressed their agreement with the profit distribution plan, ensuring the protection of all shareholders' rights[155]. Strategic Initiatives - The company aims to expand into new industries, particularly in low-altitude sectors, as part of its strategic focus on air defense early warning radar[104]. - The company plans to enhance its governance and operational standards, integrating political advantages with corporate governance[105]. - The company is actively implementing management reforms to enhance operational management capabilities, focusing on cost control, quality control, and supply chain management[107]. - The company established a low-altitude business unit as part of its strategic initiatives[139].

航天南湖电子信息技术股份有限公司 合会计师事务所(法律普通会心 国北京 朝阳区建国门外大街 22- 广场 5层 邮编 100004 内部控制审计报告 致同审字(2024) 第 110A012631 号 二〇二三年度 内部控制审计报告 致同会计师事务所 (特殊普通合伙) Grant Thornton 4 目 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业 内部控制评价指引》的规定,建立健全和有效实施内部控制,并评价其有效 性是航天南湖董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的有效性 发表审计意见,并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性,存在不能防止和发现错报的可能性。此外, 由于情况的变化可能导致内部控制变得不恰当,或对控制政策和程序遵循的 程度降低,根据内部控制审计结果推测未来内部控制的有效性具有一定风险。 Grant Thornton 致同 四、财务报告内部控制审计意见 我们认为,航天南湖于 2023年 12月 31日按照《企业内部控制基本规范》 和相关规定在所有重大方面保持了有 ...

航天南湖电子信息技术股份有限公司 2023 年度董事会审计委员会履职情况报告 航天南湖电子信息技术股份有限公司（以下简称"公司"）董事会审计委员 会（（以下简称（"审计委员会"）按照（ 上市公司治理准则》（ 上海证券交易所科创 板股票上市规则》（ 公司章程》 审计委员会工作细则》等有关规定，本着勤勉尽 责的原则，积极开展各项工作，认真审慎地履行了审计监督职责。现将 2023 年 度审计委员会履职情况报告如下： 一、审计委员会基本情况 公司第三届董事会审计委员会由王春飞先生、付晓先生、刘捷先生、许明君 先生、王勇先生 5 名董事组成其中王春飞先生、许明君先生、王勇先生为独立董 事，主任委员由会计专业人士王春飞先生担任。因任期届满，公司于 2023 年 8 月 9 日召开 2023 年第二次临时股东大会，选举产生了公司第四届董事会成员， 同日公司召开第四届董事会第一次会议，选举产生第四届董事会审计委员会委员 及主任，公司第四届董事会审计委员会由王春飞先生、付晓先生、钱昊萌女士、 许明君先生、胡作启先生 5 名董事组成，其中王春飞先生、许明君先生、胡作启 先生为独立董事，主任委员由会计专业人士王春飞先生担任。上述委 ...

公司代码：688552 公司简称：航天南湖 航天南湖电子信息技术股份有限公司 2023 年内部控制评价报告 航天南湖电子信息技术股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称"企业内 部控制规范体系"），结合本公司（以下简称"公司"）内部控制制度和评价办法，在内部控制日常监督 和专项监督的基础上，我们对公司2023年12月31日（内部控制评价报告基准日）的内部控制有效性进行 了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。 ...

航天南湖电子信息技术股份有限公司 2023 年度独立董事述职报告 二、独立董事年度履职情况 公司第三届董事会独立董事为王春飞先生、许明君先生、王勇先生，因第三 届董事会任期届满，公司于 2023 年 8 月 9 日召开 2023 年第二次临时股东大会， 选举王春飞先生、许明君先生、胡作启先生为公司第四届董事会独立董事。 （一）个人工作履历、专业背景以及兼职情况 王春飞先生，1980 年生，中国国籍，无境外永久居留权，毕业于北京大学会 计学专业，博士研究生学历，审计署审计科研所、中共中央党校理论经济学博士 后，注册会计师。2012 年 7 月至今，历任中央财经大学会计学院讲师、副教授； 2019 年 11 月至今，任公司独立董事。 （二）独立性情况说明 作为航天南湖电子信息技术股份有限公司（以下简称"公司"）独立董事， 本人严格按照《公司法》《证券法》《上市公司治理准则》《上市公司独立董事管 理办法》等法律法规以及《《公司章程》和《《独立董事工作制度》的有关规定，在 2023 年的工作中，本着独立、客观的原则，勤勉尽责，积极参加股东大会、董事 会及各专门委员会会议，认真审议各项议案，并对相关重大事项发表独立意见 ...