航天科技控股集团股份有限公司 投资者关系活动记录表 编号：20220808 1 | --- | --- | --- | |--------------------|--------------------------------------|----------------------------------------------------| | | | | | | √特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | | 投资者关系活动类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | □其他（请文字说明其他活动内容） | | | 活动参与人员 | | 国机资本控股有限公司孙昊、李伟瑞、彭薇隐 | | 时间 | 2022 年 8 月 8 日 | | | 地点 | 北京市丰台区海鹰路 | 1 号院 1 号楼 | | 形式 | 当面交流 | | | 上市公司接待人员 | 财务总监兼董事会秘书张妮 | | | | 证券事务代表陆力嘉 | | | | 1. | 随着新能源汽车在整个汽车市场的占有率逐渐提高，公 | | | | 司下一步是否在新能源汽车市场有规 ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,390.56 million, representing a 7.18% increase compared to the same period last year[7]. - Net profit attributable to shareholders for Q3 2022 reached CNY 2,702.69 million, a significant increase of 220.14% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was CNY 3,009.69 million, reflecting a 132.63% increase compared to the previous year[7]. - The basic earnings per share for Q3 2022 was CNY 0.0060, up 220.00% from the same period last year[7]. - The total operating profit for the current period is 36,693,388.56, an increase from 15,802,108.59 in the previous period, representing a growth of approximately 132.5%[38]. - The net profit attributable to shareholders of the parent company is 25,364,318.82, up from 20,635,811.14, indicating an increase of about 22.9%[38]. - The total profit for the current period is 36,842,508.12, compared to 17,065,204.84 in the previous period, reflecting a growth of approximately 116.5%[38]. Assets and Liabilities - The total assets as of September 30, 2022, were CNY 7,774.36 million, showing a 2.10% increase from the end of the previous year[7]. - Current assets total $4,674,007,080.02, an increase from $4,532,531,966.56 in the previous period[32]. - Total liabilities amount to $3,409,524,184.90, compared to $3,181,872,768.51 in the previous period, reflecting an increase of 7.1%[34]. - Non-current assets total $3,100,357,584.53, slightly up from $3,082,299,754.51 in the previous period[32]. - The total assets of the company are $7,774,364,664.55, an increase from $7,614,831,721.07 in the previous period[34]. Cash Flow - The cash flow from operating activities for Q3 2022 was a net outflow of CNY 150.59 million, an improvement of 44.55% compared to the previous year[15]. - The cash flow from operating activities for the current period is 3,937,660,359.74, down from 4,126,710,821.54, a decrease of about 4.6%[42]. - The net cash flow from investing activities is -239,928,354.64, worsening from -136,177,134.26 in the previous period[45]. - The net cash flow from financing activities is 166,400,893.60, an increase from 96,497,366.05, showing a growth of approximately 72.4%[45]. - The company reported a cash balance of ¥1,013,375,357.14 as of September 30, 2022, down from ¥1,240,923,040.70 at the beginning of the year[29]. - The cash and cash equivalents at the end of the period amount to 988,574,791.08, compared to 858,265,361.80 at the end of the previous period, an increase of about 15.2%[45]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 81,047, with the top ten shareholders holding a combined 36.32% of shares[16]. - The largest shareholder, China Aerospace Science and Industry Corporation, holds 17.32% of shares, equating to 138,229,809 shares[16]. - As of September 30, 2022, the company has unused raised funds amounting to ¥304,373,356.57, with ¥3,000,000.00 used to supplement operating liquidity during the reporting period[21]. Operational Challenges - The company faces risks from the ongoing global chip shortage, which may impact production plans and order fulfillment[27]. - The company is actively managing procurement plans to mitigate supply chain risks and ensure stable sourcing of components[22]. - The company is exposed to foreign exchange risks due to operations in multiple currencies, including USD, EUR, and JPY[23]. - The aerospace application business is subject to cyclical fluctuations influenced by military procurement policies, which may affect revenue stability[26]. Research and Development - Research and development expenses for the current period are $203,071,361.62, a decrease from $229,218,872.18 in the previous period[35]. - The company plans to focus on market expansion and new product development in the upcoming quarters[37].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,816,419,439.58, a decrease of 4.80% compared to the same period last year[27]. - The net profit attributable to shareholders was ¥20,538,328.41, reflecting a decline of 16.69% year-on-year[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,714,445.51, down 18.10% from the previous year[27]. - Basic earnings per share were ¥0.0257, a decrease of 16.83% compared to the previous year[27]. - The net cash flow from operating activities improved significantly, with a net outflow of ¥52,690,542.17, a 69.83% reduction compared to the same period last year[27]. - The company reported a significant increase in cash flow from financing activities, which rose by 89.64% to ¥102,672,282.61 from ¥54,141,031.87[56]. - The net increase in cash and cash equivalents was -¥93,701,886.65, an improvement of 52.03% from -¥195,342,346.31 in the previous year[56]. - The company reported a 104.00% increase in cash flow from investing activities, amounting to -¥136,727,397.58, primarily due to acquisitions and investments in production facilities[56]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,794,810,184.90, an increase of 2.36% from the end of the previous year[27]. - The net assets attributable to shareholders decreased to ¥4,161,902,264.39, down 1.90% from the previous year[27]. - The total assets of the overseas equity investments amount to 3,982,797,117.47 CNY, representing 40.20% of the company's net assets[68]. - The company has increased short-term borrowings to 278,103,993.43 CNY, up 2.50% from the previous period[67]. - The company’s total liabilities include long-term borrowings of 311,532,680.34 CNY, down 0.51% from the previous period[67]. Investments and Acquisitions - The company invested 27,701,200.00 CNY in acquiring 100% of Shenzhen Aerospace Zhikong Technology Co., Ltd.[76]. - The company acquired 100% equity of Shenzhen Zhikong for a transfer price of 27,701,200 RMB, with an estimated asset value of 27,701,200 RMB[176]. - The company purchased certain equipment assets from the Robot Company for a transfer price of 1,618,700 RMB, with an estimated asset value of 1,618,700 RMB[176]. Revenue Breakdown - The aerospace manufacturing sector's revenue increased by 38.24% to ¥515,449,557.47, accounting for 18.30% of total operating revenue[59]. - The automotive electronics manufacturing sector's revenue decreased by 6.05% to ¥1,997,151,771.84, representing 70.91% of total operating revenue[59]. - The company's overseas revenue grew by 10.84% to ¥1,734,346,238.68, while domestic revenue fell by 20.77% to ¥1,108,566,475.78[59]. Research and Development - Research and development expenses increased by 24.38% to ¥192,243,563.65 from ¥154,563,783.40 year-on-year[56]. - The company has established a strong technological advantage with multiple research projects and collaborations with universities, enhancing its core technology competitiveness in aerospace applications and automotive electronics[47][49]. - In the aerospace application sector, the company submitted 32 new invention patent applications and received 17 authorizations during the reporting period[48]. Risk Factors - The main risks affecting future development include COVID-19, industry cycle fluctuations, supply chain risks, exchange rate fluctuations, and asset impairment risks[5]. - The company faces risks related to the COVID-19 pandemic, industry cycle fluctuations, and raw material supply chains[108]. - The company is exposed to foreign exchange risks as it operates in major automotive markets across Europe, the Americas, and Asia, with sales denominated in multiple currencies including USD, EUR, RMB, and JPY, potentially leading to significant exchange gains or losses[110]. - Asset impairment risks are present as market demand may change significantly due to competitive dynamics and industry policies, necessitating annual impairment testing for various asset categories[110]. Corporate Governance and Compliance - The company has not declared any cash dividends or bonus shares for the half-year period, nor has it increased share capital from capital reserves[114]. - The company has not engaged in any non-compliant external guarantees during the reporting period, maintaining a sound financial practice[134]. - The company has not reported any significant related party transactions that exceed approved limits, ensuring transparency in its financial dealings[139]. Sustainability and Social Responsibility - The company emphasizes sustainable development by integrating ecological protection and energy conservation policies into its strategic direction, ensuring compliance with environmental standards in infrastructure projects[128]. - The company has established a responsibility system for energy conservation and ecological protection, ensuring these aspects are integrated into all operational activities[128]. - The company has committed to a principle of "party and government responsibility, dual responsibility for one position, and accountability for dereliction of duty" in its energy conservation and environmental protection efforts[128].

证券代码：000901 证券简称：航天科技 公告编号：2022-临-032 航天科技控股集团股份有限公司 关于参加 2022 年投资者网上集体接待日活动 暨业绩说明会的公告 本公司及公司全体董事会成员保证公告内容的真实、准确和完整，不存在 虚假记载、误导性陈述或者重大遗漏。 为促进公司规范运作、健康发展，增强公司信息透明度，加强 与广大投资者沟通交流，进一步提升投资者关系管理水平，航天科 技控股集团股份有限公司（以下简称"公司"）将参加黑龙江省上市 公司协会联合深圳市全景网络有限公司，于 2022 年 5 月 12 日 14:30-16:30 在 " 全 景 路 演 " （https://rs.p5w.net/html/132395.shtml）举办的"黑龙江省上 市公司 2022 年投资者网上集体接待日活动暨业绩说明会"。 公司出席本次活动的人员有：公司党委书记、董事长、总经理 袁宁先生；公司财务总监、董事会秘书张妮女士；公司副总经理司 敬先生；公司副总经理钟敏先生。 为充分尊重投资者、提升交流的针对性，现就公司本次活动提 前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者 可于 2022 年 5 ...

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,410,885,936.56, a decrease of 3.49% compared to ¥1,461,906,349.99 in the same period last year[3]. - Net profit attributable to shareholders was ¥9,479,679.15, down 51.78% from ¥19,657,602.92 year-on-year[3]. - The company reported a 64.37% decline in net profit after deducting non-recurring gains and losses, which was ¥5,074,464.91 compared to ¥14,242,011.52 in the same period last year[3]. - Net profit for the current period is ¥11,889,566.46, a decline of 41.5% compared to ¥20,339,315.11 in the previous period[28]. - The net profit attributable to the parent company's shareholders is ¥9,479,679.15, down 51.8% from ¥19,657,602.92 in the previous period[28]. - Basic earnings per share for the current period is ¥0.0119, compared to ¥0.0246 in the previous period[31]. Cash Flow - The net cash flow from operating activities was -¥134,984,999.72, representing a decline of 161.05% compared to -¥51,707,690.25 in the previous year[3]. - Cash inflow from operating activities totals ¥1,366,044,754.87, a decrease from ¥1,464,106,448.27 in the previous period[32]. - The net cash flow from operating activities was -$134.98 million, compared to -$51.71 million in the previous period, indicating a decline in operational performance[35]. - The net cash flow from financing activities was $1.07 million, a significant decrease from $10.56 million in the prior period, suggesting reduced financing efficiency[35]. - The total cash and cash equivalents at the end of the period were $997.07 million, down from $1.10 billion, indicating a decrease in liquidity[35]. - The company experienced a negative impact of -$9.98 million from foreign exchange fluctuations on cash and cash equivalents[35]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,480,935,390.06, a decrease of 1.22% from ¥7,573,338,812.85 at the end of the previous year[3]. - The company's total equity attributable to shareholders decreased to RMB 4,193,378,360.82 from RMB 4,216,876,562.21, a decline of approximately 0.56%[24]. - The company's total liabilities decreased to RMB 3,095,149,393.06 from RMB 3,165,832,565.13, indicating a decline of about 2.21%[21]. - The company's long-term borrowings decreased to RMB 325,298,526.91 from RMB 341,523,581.81, a reduction of approximately 4.75%[21]. - The company's non-current assets totaled RMB 3,049,801,616.65, down from RMB 3,074,696,969.34, reflecting a decrease of approximately 0.81%[15]. Investment Activities - The company reported a significant drop in investment income, which was ¥0.00 compared to ¥529,315.07 in the previous year, marking a 100% decrease[7]. - The cash flow from investing activities was -¥74,234,048.33, an increase of 279.28% compared to -¥19,572,249.18 in the previous year[10]. - The cash flow from investment activities resulted in a net outflow of -$74.23 million, compared to -$19.57 million previously, highlighting increased investment activity[35]. Expenses - Total operating costs for the current period are ¥1,402,404,859.86, down 3.6% from ¥1,454,719,017.33 in the previous period[25]. - The company reported a decrease in sales expenses to ¥44,276,868.76 from ¥47,952,668.33, a reduction of 5.6%[25]. - Research and development expenses increased slightly to ¥67,471,569.78 from ¥67,122,794.83, reflecting a growth of 0.5%[25]. - The company experienced a 41.73% decrease in tax and additional fees, amounting to ¥2,167,688.61 compared to ¥3,720,209.02 in the previous year[7].

Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.30 CNY per 10 shares (including tax) to all shareholders, based on a total of 798,201,406 shares[8]. - The company has a total of 798,201,406 shares outstanding, which serves as the basis for its profit distribution plan[8]. - The board of directors has approved a dividend payout of 1.5 billion RMB, reflecting strong financial performance and shareholder value[184]. Financial Performance - The company's operating revenue for 2021 was ¥5,804,643,123.51, representing an increase of 8.51% compared to ¥5,349,571,693.67 in 2020[31]. - The net profit attributable to shareholders for 2021 was ¥31,919,807.93, a significant turnaround from a loss of ¥664,444,008.41 in 2020, marking a 104.80% increase[31]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,981,084.20, up 101.79% from a loss of ¥724,583,368.45 in 2020[31]. - The net cash flow from operating activities reached ¥264,818,189.42, a remarkable increase of 353.72% compared to ¥58,365,764.20 in 2020[31]. - The company achieved a total revenue of RMB 5.80 billion in 2021, representing a year-on-year growth of 8.51%[86]. - The company reported a significant increase in revenue, achieving a total of 10 billion RMB for the fiscal year 2021, representing a growth of 15% year-over-year[184]. Risks and Challenges - The company acknowledges significant risks affecting future development, including the global spread of COVID-19, industry cycle fluctuations, chip shortages, exchange rate volatility, and asset impairment risks[8]. - The company faces risks from the ongoing COVID-19 pandemic, which may impact operations and lead to reduced orders[156]. - Global semiconductor shortages have significantly impacted production plans, with an estimated reduction of 10.2 million vehicles in the global automotive market due to chip supply issues[158]. - The aerospace application products are subject to cyclical fluctuations due to military procurement cycles, which may affect revenue stability[158]. - The company operates in multiple currencies, exposing it to foreign exchange risks that could affect financial performance[158]. Business Operations and Strategy - The company has not reported any changes in its main business operations since its listing[29]. - The company has maintained its registered address without any changes[29]. - The company has established a diversified product layout across three main business segments: aerospace applications, automotive electronics, and IoT[57]. - The company is focusing on expanding its presence in the aerospace application sector, which is expected to see increased investment and growth due to national defense modernization efforts[45]. - The company is focusing on integrating big data applications with smart cities and transportation to drive innovation[108]. - The company aims to enhance its core competitiveness by focusing on innovation and capital, targeting aerospace applications, automotive electronics, and the Internet of Things[154]. Research and Development - The company has invested in multiple innovation platforms in collaboration with universities, strengthening its R&D capabilities and technological advancements[79]. - R&D investment amounted to ¥364,452,827.89 in 2021, a decrease of 10.43% from ¥406,875,173.65 in 2020, representing 6.28% of operating revenue[111]. - The number of R&D personnel increased to 1,006 in 2021, up 2.76% from 979 in 2020, with a proportion of 15.59% of total employees[111]. - The capitalized R&D investment increased by 79.30% to ¥79,689,902.23, accounting for 21.87% of total R&D investment[111]. Market and Sales Performance - The automotive electronics sector generated RMB 3.89 billion, making up 67.04% of total revenue, but saw a decline of 8.98% compared to the previous year[86]. - The overseas automotive electronics business achieved revenue of 3.444 billion yuan in 2021, a year-on-year increase of 7.46%, exceeding the global automotive sales growth rate of 3.85%[51]. - The sales volume of automotive electronic sensors was 34,021,703 units, reflecting a 13.04% year-on-year growth[73]. - The total production of automotive electronic components was 129,670,906 units, up 43.15% compared to the previous year[73]. - The sales volume of aerospace applications increased by 820.53% year-over-year, indicating strong demand[95]. Corporate Governance and Management - The company has maintained independence from its controlling shareholder in terms of business operations, personnel, assets, and financial management[167][168]. - The company is focused on enhancing its corporate governance structure in line with modern management requirements[166]. - The company has established a comprehensive management system with clear internal control objectives and responsibilities[166]. - The company has a stable board of directors with no changes in the term of office for the current directors and supervisors[179]. Financial Management and Investments - The company has established a robust risk control mechanism for its derivative investments, focusing on market risk, credit risk, liquidity risk, and operational risk[1]. - The total amount of committed investment projects is 85,629.72 million yuan, with 6,400 million yuan utilized in the reporting period[143]. - The cumulative investment amount for committed projects reached 57,400 million yuan, indicating a 53.44% investment progress[143]. - The company has not reported any changes in the use of raised funds during the reporting period[147]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 12% to 15%[184]. - New product development includes the launch of a cutting-edge satellite technology, expected to generate an additional 1 billion RMB in revenue[184]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[184].

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,286,312,038.25, a decrease of 11.10% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2021 was -¥4,465,475.47, representing a decline of 143.50% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥9,224,292.02, a decrease of 517.42% compared to the previous year[4] - Total operating revenue for Q3 2021 reached ¥4,210,711,575.66, an increase of 12.7% compared to ¥3,735,787,103.30 in Q3 2020[32] - The net profit for the current period is 24,091,070.73 CNY, a significant recovery from a net loss of 95,727,491.78 CNY in the previous period[35] - The total comprehensive income for the current period is 40,682,619.78 CNY, a recovery from a loss of -102,901,787.55 CNY in the previous period[38] - Basic and diluted earnings per share are both 0.0242 CNY, recovering from -0.1211 CNY in the previous period[38] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥7,723,549,561.83, reflecting a growth of 5.66% from the end of the previous year[7] - Current assets totaled ¥4,430,891,947.87 as of September 30, 2021, slightly down from ¥4,482,061,207.55 at the end of 2020[22] - Non-current assets increased to ¥3,292,657,613.96 from ¥2,827,615,524.73 year-over-year, reflecting a growth of approximately 16.4%[25] - Total liabilities increased to ¥3,151,887,435.86 from ¥2,804,486,569.81, representing a rise of approximately 12.4%[30] - The company's cash and cash equivalents decreased to ¥871,474,481.72 from ¥1,174,782,304.96, a decline of about 25.8%[22] - Accounts receivable rose to ¥1,096,384,363.05, up from ¥943,385,231.94, marking an increase of approximately 16.2%[22] - Inventory increased to ¥1,414,776,909.18 from ¥1,207,723,996.24, reflecting a growth of about 17.1%[22] - Total assets increased to 7,568,718,748.89 CNY, up by 259,042,016.61 CNY compared to the previous period[48] - Total liabilities amounted to approximately ¥7.31 billion, with current liabilities at ¥1.81 billion and non-current liabilities at ¥993.60 million[51] Cash Flow - The cash flow from operating activities showed a net outflow of -¥267,915,977.43 for the year-to-date period, a decrease of 7.30% compared to the previous year[4] - The cash flow from investment activities showed a net outflow of -¥134,209,425.26, a 73.98% improvement compared to the previous year[11] - The net cash flow from financing activities was 96,497,366.05 CNY, a decrease from 592,392,851.39 CNY in the previous period[44] - Cash and cash equivalents at the end of the period totaled 857,597,722.13 CNY, down from 1,154,819,747.58 CNY at the beginning of the period[44] Shareholder Information - The total number of common shareholders at the end of the reporting period is 88,803, with the top 10 shareholders holding a combined 36.08% of shares[13] - China Aerospace Science and Industry Corporation holds 17.32% of shares, amounting to 138,229,809 shares[13] Government Support and Financial Management - The company received government subsidies amounting to ¥6,989,153.38 during the reporting period, contributing to its financial performance[8] - The company reported interest income and cash management product earnings totaling 1,216,893.05 RMB during the reporting period[18] - The company has implemented financial derivatives trading to mitigate currency exchange rate risks due to fluctuations in the RMB against the USD[21] - The company has conducted impairment tests on various assets, including inventory and accounts receivable, to ensure accurate asset valuation[21] Operational Challenges and Strategic Focus - The company faces risks from the global shortage of automotive chips and electronic components, which may impact delivery cycles and costs[18] - The company is focusing on three major industry sectors: aerospace applications, automotive electronics, and the Internet of Things, to enhance its market position[18] - The company is committed to enhancing its core competitiveness and sustainable development capabilities in response to market challenges[18] Changes in Capital and Equity - The company has not utilized 313,080,502.70 RMB of the raised funds as of September 30, 2021, with 26,000,000.00 RMB used to supplement working capital during the reporting period[18] - The company released 35,352,853 shares from restrictions on July 5, 2021, with 25,947,722 shares from Yisheng Luxembourg and 9,405,131 shares from Yisheng International[18] - The total equity attributable to shareholders reached approximately ¥4.35 billion, with retained earnings showing a slight decrease of ¥4.82 million compared to the previous period[51] Compliance and Reporting - The company has not undergone an audit for the third quarter report, which was released on October 30, 2021[54] - The company has implemented new leasing standards starting from 2021, with no retrospective adjustments made to prior comparative data[54]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,924,399,537.41, representing a 27.77% increase compared to CNY 2,288,800,875.67 in the same period last year[28]. - The net profit attributable to shareholders of the listed company was CNY 23,745,624.54, a significant turnaround from a loss of CNY 104,953,619.10, marking a 122.62% improvement[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 15,524,731.69, compared to a loss of CNY 124,204,026.22, reflecting a 112.50% increase[28]. - The basic earnings per share increased to CNY 0.0297 from a loss of CNY 0.1494, showing a 119.88% improvement[28]. - The company's operating revenue for the reporting period was ¥2,924,399,537.41, representing a year-on-year increase of 27.77% compared to ¥2,288,800,875.67 in the same period last year[52]. - The company's operating costs increased to ¥2,405,254,837.10, a rise of 23.90% from ¥1,941,272,097.20 in the previous year[52]. - The company reported a significant decrease in investment, with total investments of ¥0.00 in the current period compared to ¥25,000,000.00 in the same period last year, reflecting a 100% decline[73]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,588,489,940.52, up 3.81% from CNY 7,309,676,732.28 at the end of the previous year[28]. - The total liabilities reached CNY 3,096,568,154.99, up from CNY 2,804,486,569.81, which is an increase of approximately 10.43%[189]. - Non-current liabilities rose to CNY 1,267,057,970.72 from CNY 993,596,126.98, showing an increase of around 27.55%[189]. - The company's total equity attributable to shareholders of the parent company was CNY 4,302,594,710.86, a slight decrease from CNY 4,345,016,908.12, representing a decline of about 0.97%[190]. - Cash and cash equivalents at the end of the reporting period amounted to ¥1,021,294,377.03, representing 13.46% of total assets, a decrease of 2.61% from the previous year[63]. - Accounts receivable increased to ¥1,159,208,425.09, accounting for 15.28% of total assets, up by 2.37% year-on-year[63]. - Inventory reached ¥1,263,709,299.30, which is 16.65% of total assets, showing a slight increase of 0.13% compared to the previous year[63]. Cash Flow - The company reported a net cash flow from operating activities of CNY -173,474,828.62, an improvement of 11.63% compared to CNY -196,307,671.97 in the previous year[28]. - The net cash flow from investing activities significantly improved by 89.25%, amounting to -¥66,511,679.50, compared to -¥618,520,307.77 in the previous year[52]. Business Segments - The company's domestic automotive electronics business achieved revenue of ¥362 million, a year-on-year increase of 44.58%[40]. - The overseas automotive electronics business generated revenue of ¥1.764 billion, representing a year-on-year growth of 32.71%[40]. - Aerospace manufacturing revenue was ¥372,872,166.06, accounting for 12.75% of total revenue, with a year-on-year growth of 44.22%[55]. - Automotive electronics revenue amounted to ¥2,125,744,558.52, making up 72.69% of total revenue, reflecting a year-on-year increase of 33.33%[55]. - Revenue from other manufacturing decreased by 3.14% to ¥420,755,574.30, which accounted for 14.39% of total revenue[55]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares, focusing on reinvestment strategies[7]. - The company has established strategic partnerships with major automotive manufacturers such as BMW, Volkswagen, and Chrysler, enhancing its market position[47]. - The company completed the construction of a new 6,500 square meter production workshop for aerospace applications, supporting its strategic development goals[38]. - The company aims to mitigate supply chain risks related to global chip shortages by optimizing production schedules and increasing supplier diversity[88]. Risk Management - The management discussed potential risks and countermeasures in the report, emphasizing the importance of risk awareness for investors[7]. - The company is facing potential asset impairment risks due to market competition and changes in industry policies, and it conducts annual impairment tests on various assets[87]. - The company has established a comprehensive risk control mechanism for its foreign exchange business, effectively reducing operational risks[78]. Social Responsibility - The company actively fulfills its social responsibilities and integrates them into daily operations[98]. - The company emphasizes a win-win cooperation concept with stakeholders, providing a fair and transparent supply environment for suppliers and honest services for customers[99]. - The company has committed to sustainable development by integrating national ecological protection policies into its strategic direction and increasing investment in equipment upgrades and technology[100]. Subsidiary Performance - The subsidiary Aerospace Science and Industry Technology Co., Ltd. reported a net profit of 15,375,933.67 CNY, contributing significantly to the company's overall profitability[80]. - International Electronics and Engineering S.A. reported a net profit of 285,443.05 CNY, also impacting the company's financial performance positively[80]. - Aerospace Science and Industry Finance Co., Ltd. reported a net profit of 655,609,869.33 CNY, further enhancing the company's financial results[80].

Financial Performance - The company's operating revenue for 2020 was ¥5,349,571,693.67, a decrease of 9.82% compared to ¥5,931,888,844.84 in 2019[26]. - The net profit attributable to shareholders for 2020 was -¥664,444,008.41, representing a decline of 513.61% from ¥160,644,301.59 in 2019[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥724,583,368.45, down 616.20% from ¥140,368,789.32 in 2019[26]. - The net cash flow from operating activities was ¥58,365,764.20, an 82.17% decrease from ¥327,272,314.60 in 2019[26]. - The total assets at the end of 2020 were ¥7,309,676,732.28, an increase of 4.31% from ¥7,007,661,704.85 at the end of 2019[26]. - The basic earnings per share for 2020 was -¥0.8458, a decrease of 423.32% from ¥0.2616 in 2019[26]. - The weighted average return on equity was -17.51% in 2020, down 21.42% from 3.91% in 2019[26]. - The company's total revenue for the reporting period was 5.35 billion yuan, a decrease of 9.82% year-on-year[72]. - The net profit attributable to shareholders was -664 million yuan, a decline of 513.61% compared to the previous year[72]. - The automotive electronics manufacturing segment generated 4.27 billion yuan in revenue, down 10.46% year-on-year[73]. - The overseas revenue accounted for 58.69% of total revenue, reflecting a 15.39% decline year-on-year[72]. Business Operations - The company has not changed its main business since its listing, indicating stability in operations[24]. - The company operates in five major business segments, including aerospace applications, automotive electronics, and industrial IoT, with products sold across 31 provinces and over 30 countries[41]. - The company has established a lightning and static protection engineering laboratory to meet the urgent demand for lightning and static protection testing in aerospace applications[41]. - The company has established a comprehensive quality management system and leading high-voltage testing technology to meet diverse industry needs[47]. - The company has formed strategic partnerships with major automotive manufacturers such as BMW and Volkswagen, as well as key players in the energy sector, establishing a solid foundation for sustainable business development[58]. Market Trends and Challenges - The company reported a significant impact from the COVID-19 pandemic, which introduced various risks including global spread, industry cycle fluctuations, and raw material price volatility[7]. - The global automotive sales dropped by 17.2% in 2020, with recovery expected to take at least two years, potentially reaching 2019 levels by 2023[44]. - The company is focusing on cost control and new customer development in response to the dual pressures of the pandemic and economic downturn[44]. - The company has identified several risk factors that could adversely affect its future development, including government subsidy policy changes[7]. Research and Development - Research and development expenses amounted to ¥406,875,173.65, a 4.67% increase compared to 2019, representing 7.61% of operating revenue[93][94]. - The company invested ¥355,553,689.32 in research and development, a 22.95% increase from the previous year[90]. - The company’s automotive electronics business leverages over 20 years of R&D experience and has established a strong brand presence in the high-end commercial vehicle market[43]. - The company is committed to maintaining a market-oriented pricing strategy to ensure competitiveness in the aerospace industry[200]. Strategic Initiatives - The company aims to implement five strategic initiatives: innovation-driven, brand victory, capital introduction, quality-based, and talent empowerment[131]. - The focus for the next fiscal year includes enhancing market competitiveness and value creation capabilities, particularly in automotive electronics and sensors[134]. - The company plans to deepen cooperation with major clients in the automotive sector and expand into commercial vehicle markets[134]. - The company intends to expand its IoT services in the oil and gas sector, leveraging machine learning technologies[134]. Corporate Governance and Compliance - The company guarantees the independence of its operations, assets, and financial management to protect the interests of other shareholders[156]. - The company will ensure that its financial personnel operate independently and will not engage in any dual roles with related enterprises[156]. - The company has committed to maintaining the independence of the listed company's financial operations, including independent banking and accounting systems[162]. - The company will ensure timely information disclosure regarding any related party transactions to uphold transparency and accountability[173]. Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares for the year[7]. - The company did not propose any cash dividend distribution plan for the reporting period, despite having a positive profit available for distribution to ordinary shareholders[151]. - The company's profit distribution policy aims to enhance transparency and ensure shareholder rights[146]. - The company has committed to a cash dividend distribution of no less than 30% of the average distributable profit achieved from 2017 to 2019, ensuring compliance with relevant regulations[174].

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,461,906,349.99, representing a 23.19% increase compared to ¥1,186,680,464.57 in the same period last year[8]. - Net profit attributable to shareholders was ¥19,657,602.92, a significant turnaround from a loss of ¥61,011,667.56, marking a 132.22% improvement[8]. - The net profit after deducting non-recurring gains and losses was ¥14,242,011.52, compared to a loss of ¥67,149,716.00, reflecting a 121.21% increase[8]. - The basic earnings per share rose to ¥0.0246 from a loss of ¥0.0825, indicating a 129.85% improvement[8]. - The company reported an increase in undistributed profits to ¥301,556,007.83 from ¥286,718,731.34, which is an increase of approximately 5.2%[53]. - The company reported a total comprehensive income of approximately ¥31.41 million for the current period, compared to a loss of ¥52.70 million in the previous period, indicating a positive shift in overall financial health[72]. - The company achieved an investment income of approximately ¥529,315, recovering from a loss of ¥499,615 in the previous period, reflecting better investment performance[73]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,581,360,252.85, up 3.72% from ¥7,309,676,732.28 at the end of the previous year[8]. - Total liabilities increased to ¥3,049,989,831.17, up from ¥2,804,486,569.81, reflecting a growth of about 8.7%[60]. - The company's non-current assets rose from ¥2,827,615,524.73 to ¥3,096,974,158.60, an increase of approximately 9.5%[47]. - Total liabilities increased from ¥2,804,486,569.81 to ¥3,068,870,536.33, an increase of ¥264,383,966.52[95]. - Owner's equity decreased slightly from ¥4,345,016,908.12 to ¥4,340,196,581.69, a drop of ¥4,820,326.43[95]. Cash Flow - The net cash flow from operating activities was negative at -¥51,707,690.25, a decline of 289.97% compared to ¥27,218,778.82 in the same period last year[8]. - Cash inflow from operating activities totaled CNY 1,464,106,448.27, up from CNY 1,270,575,403.21 in the previous period[84]. - Cash outflow from operating activities was CNY 1,515,814,138.52, compared to CNY 1,243,356,624.39 in the previous period[84]. - Cash inflow from financing activities was CNY 224,150,585.56, down from CNY 1,138,019,291.70 in the previous period[86]. - The ending balance of cash and cash equivalents was CNY 1,096,947,304.42, a decrease from CNY 1,387,517,681.55 in the previous period[86]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 93,133[12]. - The total equity attributable to shareholders of the parent company rose to ¥4,370,810,398.28, compared to ¥4,345,016,908.12, indicating a slight increase of 0.6%[53]. Operational Metrics - The total operating costs for the current period are approximately ¥1.45 billion, up from ¥1.28 billion in the previous period, primarily driven by increased operational activities[68]. - Research and development expenses for the current period amount to approximately ¥67.12 million, slightly down from ¥69.68 million in the previous period, reflecting a focus on cost management[68]. - The company recorded a tax expense of approximately ¥2.28 million for the current period, a significant reduction from a tax expense of ¥28.18 million in the previous period[68]. Risk Management - The company has engaged in derivative investments to hedge against foreign exchange risks, primarily using forward contracts and options[26]. - The company maintains a robust risk control framework for its derivative investments, addressing market, credit, liquidity, and operational risks[29]. Compliance and Adjustments - The company reported no overdue amounts in its entrusted financial management activities, with a total of ¥2,000,000 in entrusted financial management occurring during the reporting period[34]. - The company has not experienced any non-compliance issues regarding external guarantees during the reporting period[35]. - The first quarter report was not audited, which may affect the reliability of the financial data presented[103]. - The company has not made any adjustments for the new leasing standards applicable from 2021[104].