Financial Performance - The company's operating revenue for Q1 2024 was ¥138,967,008.78, a decrease of 42.24% compared to ¥240,611,512.67 in the same period last year[3]. - The net profit attributable to shareholders was -¥58,707,099.97, worsening from -¥18,878,365.82 year-on-year[3]. - Net profit for Q1 2024 was a loss of ¥67,167,726.24, compared to a loss of ¥23,900,044.56 in Q1 2023, representing a significant increase in losses[24]. - Total comprehensive income for Q1 2024 was a loss of ¥31,025,898.78, compared to a loss of ¥23,900,044.56 in Q1 2023[24]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥309,683,183.21, compared to -¥146,693,036.30 in the previous year, indicating a significant decline in cash inflow from sales[11]. - The company reported a net cash outflow from operating activities of ¥309,683,183.21 in Q1 2024, worsening from a net outflow of ¥146,693,036.30 in Q1 2023[26]. - Cash and cash equivalents decreased by 50.69% to ¥303,603,739.68 from ¥615,682,827.40 due to the payment of various taxes and the maturity of notes payable[8]. - Cash and cash equivalents at the end of Q1 2024 were ¥214,924,617.69, down from ¥292,240,447.32 at the end of Q1 2023[27]. - The company received cash from operating activities totaling ¥210,631,315.54 in Q1 2024, down from ¥307,598,884.71 in Q1 2023[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,039,648,269.97, down 6.24% from ¥4,308,330,726.99 at the end of the previous year[3]. - The company's current assets decreased to CNY 3,088,080,718.57 from CNY 3,355,887,228.06, reflecting a decline of approximately 7.96%[18]. - Total liabilities decreased to CNY 2,073,310,310.71 from CNY 2,274,825,041.49, a decline of approximately 8.84%[20]. - The company's equity attributable to shareholders decreased from CNY 1,894,080,251.68 to CNY 1,835,373,151.70, a decrease of about 3.1%[20]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 58,762[12]. - The company has proposed a share repurchase plan as indicated in the announcement dated April 19, 2024[15]. Research and Development - The company incurred R&D expenses of ¥55,808,089.61 in Q1 2024, an increase from ¥52,775,033.64 in Q1 2023[23]. Other Financial Metrics - The company's basic and diluted earnings per share were both -¥0.10, compared to -¥0.03 in the same period last year[3]. - The weighted average return on net assets was -3.15%, compared to -1.05% in the previous year[3]. - The company received government subsidies amounting to ¥3,005,103.60, an increase of 383.94% compared to ¥620,968.77 in the previous year[10]. - The company reported a significant increase in other receivables, which rose by 79.85% to ¥46,068,431.91 from ¥25,615,529.67[8]. - Accounts receivable decreased from CNY 1,565,976,693.95 to CNY 1,501,738,334.47, a reduction of approximately 4.1%[18]. - Inventory increased to CNY 876,678,848.06 from CNY 826,667,041.09, marking an increase of about 6.05%[18]. - The company reported a total of CNY 1,007,537,995.90 in undistributed profits as of March 31, 2024[20].

Investment Rating - The investment rating for the company is "Buy" with a target price of 10.00 yuan, corresponding to a PE ratio of 39 times for 2024-2026 forecasted EPS [2][21]. Core Viewpoints - The company is positioned as a leading enterprise in military shortwave communication and is expanding into high-tech communication fields through the acquisition of Longling Technology, which is expected to enhance its product line and performance [21][16]. - The company has a comprehensive research and production capability layout, focusing on next-generation communication technologies to meet user needs in various scenarios [1]. - The company has experienced fluctuations in revenue and profit due to downstream demand adjustments, with a reported revenue of 1.47 billion yuan in 2023, down 8.11% year-on-year, and a net profit of 52.34 million yuan, down 46.41% [21][33]. Summary by Relevant Sections Financial Performance - The company reported a revenue of 1.47 billion yuan in 2023, a decrease of 8.11% compared to the previous year, with a net profit of 52.34 million yuan, down 46.41% [21][33]. - For 2024-2026, projected revenues are 3.00 billion yuan, 3.33 billion yuan, and 3.66 billion yuan, with corresponding net profits of 125.33 million yuan, 143.23 million yuan, and 163.32 million yuan [2][3]. Business Development - The company is focusing on high-tech communication and has plans to acquire 98.40% of Longling Technology, which specializes in radar and related products, to enhance its capabilities in high-tech communication [16][21]. - The company has successfully developed multiple generations of shortwave communication equipment, representing the highest level in the industry [1]. Market Outlook - The company is expected to benefit from the modernization of national defense and military communication construction, as well as the growing demand for civil emergency communication systems [16][21]. - The market for emergency communication products is anticipated to expand, with increasing investments in various sectors such as public safety and disaster prevention [16].

股票简称：烽火电子 股票代码：000561 公告编号：2024-022 陕西烽火电子股份有限公司 关于公司控股股东提议回购公司股份的提示性公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 陕西烽火电子股份有限公司（以下简称"公司"）董事会于2024年4月 18日收到公司控股股东陕西烽火通信集团有限公司（以下简称"烽火集团"） 《关于提议回购公司股份的函》，烽火集团提议公司使用自有资金以集中竞 价交易方式回购公司已发行的部分人民币普通股（A股）股票，具体内容如 下： 一、提议人的基本情况 1、提议人：烽火集团 2、提议时间：2024年4月18日 二、提议回购股份的原因和目的 基于对公司未来持续发展的信心和对公司价值的认可，为保障公司全体 股东特别是公众股东利益，增强投资者信心，稳定及提升公司价值，烽火集 团提议公司以自有资金通过集中竞价交易方式进行股份回购，并全部予以注 销减少注册资本。 三、提议内容 1、回购股份的种类：公司发行的人民币普通股（A股）。 2、回购股份的用途：本次回购的股份将全部予以注销减少注册资本。 3、回购股份的方式：深圳证券交易所交易系统 ...

股票简称：烽火电子 股票代码：000561 公告编号：2024—021 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 陕西烽火电子股份有限公司于 2024 年 4 月 10 日召开了第九届董 事会第十九次会议，审议通过了《关于调整董事会专门委员会委员的 议案》。 调整后的董事会审计委员会成员具体如下： 主任委员：聂丽洁 委员：茹少峰、何健康 审计委员会成员任期自本次董事会会议审议通过之日起至第九 届董事会届满时止。 特此公告。 陕西烽火电子股份有限公司董事会 陕西烽火电子股份有限公司 关于调整董事会专门委员会成员的公告 二〇二四年四月十二日 ...

Financial Performance - The company's operating revenue for 2023 was ¥1,470,321,144.51, representing a decrease of 8.11% compared to ¥1,600,015,742.95 in 2022[20] - The net profit attributable to shareholders for 2023 was ¥52,341,866.20, a decline of 46.41% from ¥97,676,603.79 in the previous year[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,777,224.25, down 66.68% from ¥74,358,081.82 in 2022[20] - Basic earnings per share for 2023 were ¥0.09, a decrease of 43.75% from ¥0.16 in the previous year[20] - The diluted earnings per share for 2023 decreased to 0.09 CNY, down 43.75% from 0.16 CNY in 2022[21] - The weighted average return on net assets fell to 2.86%, a decrease of 2.71 percentage points compared to 5.57% in 2022[21] - Total assets at the end of 2023 were approximately 4.31 billion CNY, a slight decrease of 0.10% from the previous year[21] - Net assets attributable to shareholders increased by 4.96% to approximately 1.89 billion CNY compared to 1.80 billion CNY at the end of 2022[21] Cash Flow and Investments - The net cash flow from operating activities was -¥182,855,699.53, compared to -¥87,354,621.71 in 2022[20] - Non-operating income for 2023 totaled approximately 27.56 million CNY, compared to 23.32 million CNY in 2022[26] - The company reported an investment income of ¥11,187,306.76, which accounted for 16.40% of total profit[50] - The fair value of investment properties increased to ¥86,257,600.00, with a fair value change of ¥36,141,827.46 recorded during the period[54] - Total investment during the reporting period was ¥17,436,932.47, representing a decrease of 15.61% compared to the previous year[56] Research and Development - The company plans to focus on technological innovation and reform to enhance competitiveness and sustainable development in 2024[67] - The company completed 180+ research projects in 2023, with 15 projects recognized as key new products by Shaanxi Province, and received multiple national and provincial awards[37] - The net profit attributable to the parent company was CNY 52.34 million, with R&D investment amounting to CNY 245 million, accounting for 16.68% of operating revenue, an increase of 0.3 percentage points year-on-year[35] - The R&D budget has been increased by 30% to support innovation in new technologies[86] Market and Business Strategy - The company is focused on expanding its market presence and enhancing its product offerings in the electronic communication equipment sector[19] - The company aims to expand its international business and has established a good reputation in multiple countries and regions[31] - The company is focusing on the development of next-generation communication technologies to meet the increasing demand for military and emergency communication systems[30] - The company aims to strengthen its core business and develop non-traditional communication sectors, focusing on business chain extension and new industry projects for growth[68] Governance and Compliance - The company emphasizes the importance of accurate and timely information disclosure in compliance with regulatory requirements[4] - The company maintains a strong governance structure, ensuring compliance with legal regulations and protecting shareholder rights[79] - The company has established effective communication channels with investors to enhance understanding and foster long-term relationships[70] - The company has implemented measures to enhance environmental management, achieving compliance with national pollution discharge standards[118] Human Resources and Management - The company is focused on enhancing its talent pool and has implemented a contract-based assessment for managerial staff to boost internal competition and capabilities[38] - The company emphasizes talent development and management, aiming to improve the quality of technical personnel and establish a robust skills training system[70] - The company has a salary system primarily based on performance, with a structure that includes basic and performance-based wages[106] - The company reported a total of 2,689 employees at the end of the reporting period, with 1,835 in the parent company and 854 in major subsidiaries[105] Risks and Challenges - The company recognizes challenges from policy adjustments and market competition, emphasizing the need for continuous innovation and reform[67] - The company faces policy risks due to international political instability, which may impact its operational status and industry outlook[72] - The company is closely monitoring exchange rate fluctuations as its international sales are settled in foreign currencies, which could affect revenue[72] Shareholder Information - The annual shareholders meeting had an investor participation rate of 46.34% on May 18, 2023[82] - The first extraordinary shareholders meeting of 2023 had an investor participation rate of 46.36% on December 29, 2023[82] - The total number of shares held by the current management team is 496,704 shares, with a decrease of 3,700 shares during the reporting period[84] - The company has a total of 500,404 shares held by its board and management, with no new shares acquired during the reporting period[84] Audit and Financial Reporting - The audit report issued by Sigma Accounting Firm confirmed a standard unqualified opinion on the financial statements[182] - The financial statements were prepared in accordance with the accounting standards for enterprises, reflecting the company's financial position fairly[182] - The audit identified inherent risks related to revenue recognition, particularly the timing of revenue recognition to meet specific targets[185] - The company is required to assess its ability to continue as a going concern and disclose relevant matters[189]

陕西烽火电子股份有限公司 内部控制审计报告 希会审字(2024)2667 号 目 录 一、 内部控制审计报告……………………（1-2） 二、证书复印件 (一) 注册会计师资质证明 (二) 会计师事务所营业执照 (三) 会计师事务所执业证书 玛会计师事务所(特殊普通合伙) Xigema Cpas(Special General Partnership) 希会审字(2024)2667 号 内部控制审计报告 陕西烽火电子股份有限公司全体股东: 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。 四、财务报告内部控制审计意见 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn） 据生编码 · 陕2 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求,我 们审计了陕西烽火电子股份有限公司（以下简称"贵公司"）2023 年 12 月 31 日 的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部 ...

陕西烽火电子股份有限公司 2023 年度监事会工作报告 2023 年，公司监事会以《公司法》、《证券法》和《公司 章程》、《监事会议事规则》为依据，本着对全体股东和公司 负责的原则，认真履行监督职责，列席公司董事会会议和股 东大会，对公司各项重大事项决策程序的合规性进行了监督， 为公司规范运作、合规经营起到了促进作用。现将 2023 年 监事会主要工作报告如下： 一、监事会会议情况 报告期内，公司监事会共组织召开 6 次会议，具体情况 如下： 1、2023 年 4 月 10 日,公司召开第九届监事会第六次会 议，公司监事张铁、王爟琪、任蒙、吴修武参加了会议，监 事宋晓辉因工作原因未现场参加会议，委托吴修武行使表决 权，会议由公司监事会主席张铁主持，符合《公司法》及《公 司章程》规定，会议有效。会议审议通过了《公司 2022 年 度监事会工作报告》、《关于公司会计政策变更的议案》《公 司 2022 年度内部控制自我评价报告的议案》、《公司 2022 年 度报告及年报摘要》、《公司 2023 年关联租赁交易预计情况 的议案》、《关于公司使用自有资金购买结构性存款的议案》、 《关于投资性房地产会计政策变更的议案》《 ...

上市公司关联交易情况概述表 | 项目 | 交易类型 | 计算指标分子 | 金额 | 计算指标分母 | 金额 | 占比（%） | 是否需 | 是否需股东 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | （万元） | | （万元） | | 披露 | 大会审议 | | 该次交易 | 与关联法人的关联交易（10.2.4 条、10.2.5 条） | 交易金额 | 12,076.32 | | 189,408.03 | 6.38% | 是 | 是 | | | 与关联自然人的关联交易（10.2.3 条、10.2.5 | 条） | | | | | | | | | 为关联人的关联担保（10.2.6 条） | | | | | | | | | 累积计算（十 | 与同一关联人发生的各类型关联交易（10.2.10 与不同关联人的同一标的相关的交易（10.2.10 委托理财（10.2.9 条） | 条） 条） 累积发生额 | | 上市公司最近一 期经审计净资产 | | | | | | 二个月内） | | | | | | | | | | | 提供财务资助（1 ...

股票简称：烽火电子 股票代码：000561 公告编号：2024--016 陕西烽火电子股份有限公司 （二）预计关联交易类别和金额 单位：万元 | | 盛天科技 | 1,200.00 | 自愿、互惠互 利、公允公平公 | - | 871.51 | | --- | --- | --- | --- | --- | --- | | | 凌云恒创 | 3,097.35 | 正的原则进行 | 308.53 | 1,434.57 | | | 陕西电子及下 | 1,600.00 | | 176.62 | 1,661.74 | | | 属关联方 | | | | | | | 小计 | 10,068.32 | | 487.87 | 8,882.89 | | 向关联人销售产 品、商品向关联人 | 陕西电子及下 属关联方 | 400.00 | | 43.40 | 1,274.00 | | 提供劳务 | | | | | | 关于 2024 及 2025 年度日常关联交易预计的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、日常关联交易基本情况 （一）关联交易概述 2024年4月1 ...

希会其字(2024)0159 号 r start and t 关于陕西烽火电子股份有限公司 非经营性资金占用及其他关联资金 往来情况汇总表的专项审核报告 >> 目录 | 一、专项审核报告 ……………… | ········ (1-2) | | --- | --- | | 二、附表 …… | ···· (3-4) | | 三、证书复印件 | | | (一)注册会计师资质证明 | | | (二)会计师事务所营业执照 | | | (三)会计师事务所执业证书 | | the first and the first and li 希格玛会计师事务所（特殊普通合伙） Xigema Cpas(Special General Partnership) 希会其字(2024)0159 号 关于陕西烽火电子股份有限公司 非经营性资金占用及其他关联资金往来情况汇总表的 专项审核意见 陕西烽火电子股份有限公司全体股东: 我们接受委托,依据中国注册会计师审计准则审计了陕西烽火电子股份有限 公司(以下简称"贵公司")2023年12月31日的合并及母公司资产负债表,2023年 度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司股东 ...