Group 1: Company Overview - Beijing Beidou Star Navigation Technology Co., Ltd. is identified by stock code 002151 and stock abbreviation Beidou Star [1] - The investor relations activity took place on August 28, 2014, from 14:00 to 15:30 [1] - The meeting was held in the company's sixth conference room [1] Group 2: Participants - Participants included representatives from Anxin Securities, Dongfang Fund Management, Huashang Fund Management, and Yimin Fund Management [1] - The meeting was hosted by the company's board secretary, Duan Zhaoyu [1] Group 3: Key Discussion Points - The company discussed the basic situation of the industry and its future development direction [1] - Focus was placed on mergers and acquisitions, particularly regarding the advantages of the two companies being acquired and their impact on the company's growth [1] - It was mentioned that with the development of the Beidou system and government support, the technology and products in the upstream basic product field of the Beidou industry chain have matured [1] - The expected total output value of the company after the completion of the acquisitions was also a topic of discussion [1]

Group 1: Company Overview and Strategy - The company focuses on the development of the BeiDou navigation system and aims to strengthen its competitiveness in the upstream product sector of the BeiDou industry chain through acquisitions [3]. - The main business segments include basic products (chip modules), automotive electronics, national defense and military, and other applications and services [3]. - The company plans to continue its growth strategy through both internal development and external acquisitions, with a focus on enhancing its basic products and expanding its automotive electronics and national defense sectors [3]. Group 2: Recent Acquisitions - The recent acquisitions of two companies are aimed at supplementing the company's basic products and enhancing its competitive edge in high-precision antennas and navigation antennas [3]. - The CEO's participation in the financing for these acquisitions reflects confidence in future growth and the desire to maintain the rights associated with being the second-largest shareholder [3]. Group 3: Automotive Electronics Sector - The automotive electronics sector is identified as a key growth area, with an average annual growth rate exceeding 25% in recent years [3]. - The company is exploring the integration of automotive navigation with mobile internet, leveraging a dealer model for more efficient market promotion [3].

Group 1: Automotive Electronics Business - The automotive electronics sector is a significant area for navigation development, with an average annual growth rate exceeding 25% in recent years [3] - The company's automotive electronics business consists of approximately 40% from aftermarket, 40% from original equipment manufacturer (OEM), and a portion from exports [3] - Business growth is heavily influenced by policies related to the BeiDou system and market promotion efforts [3] Group 2: High-Precision Products - High-precision products are primarily applied in surveying, intelligent driving tests, monitoring, and mechanical control [3] - The revenue from high-precision business is growing at an annual rate of around 15%, with potential for more applications as product prices decrease [3] Group 3: Defense Business - Defense-related business accounts for about 20% of the company's main operations, with some fluctuations [3] - This sector is a key focus for the company and serves as a foundation for technological advancement [3] Group 4: Recent Acquisitions - Recent acquisitions are aimed at enhancing the company's competitiveness in the upstream BeiDou product market [3] - The acquired companies, Huaxin Antenna and Jiali Electronics, hold significant market shares in high-precision and low-precision navigation antennas, respectively [3] - Successful acquisitions are expected to drive rapid revenue growth for the company [3]

Group 1: Company Overview and Development - The company focuses on the development of the Beidou navigation system, with a history of technological advancements and strategic direction in automotive electronics and chip business [3] - The company has a strong R&D team, achieving multiple firsts in national assessments for its self-developed chips and modules, with over 5 million chips shipped [3] Group 2: Financial Performance and Acquisitions - In 2015, the acquired companies Huaxin Antenna and Jiali Electronics achieved net profits of 101.71% and 82.98% of their performance commitments, respectively [3] - The decline in automotive electronics and defense equipment businesses in 2015 was attributed to a sluggish domestic automotive market and delays in military orders due to reforms [3] Group 3: Future Strategies - The company aims to leverage opportunities in the global Beidou system construction, focusing on market integration and promoting existing businesses to maintain its leading position [3] - Plans include strengthening product development, market expansion, and pursuing investment and acquisitions to scale up operations [3]

证券代码：002151 证券简称：北斗星通 1 北京北斗星通导航技术股份有限公司投资者关系活动记录表 编号：2018-004 | --- | --- | --- | |-----------------------------|-------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | □ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ 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） | | 参与单位名 ...

证券代码：002151 证券简称：北斗星通 1 北京北斗星通导航技术股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------|------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | □ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ 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） | | | 中国人保资产：于嘉馨 | | | 参与单位名称及 | 新时代证券：王宁 | | | | 中金公司：王心一、石婷婷 | | | 人员姓名 ...

1 证券代码：002151 证券简称：北斗星通 北京北斗星通导航技术股份有限公司投资者关系活动记录表 编号：2020-002 | --- | --- | --- | |-----------------------------|------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | □ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ | 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） | | 参与单位名称及 | | 民生证劵：傅鸣非、黄子斌；东 ...

Financial Performance - The company's revenue for Q3 2022 was ¥948,419,801.57, representing a 13.42% increase year-over-year, while year-to-date revenue decreased by 12.11% to ¥2,459,862,060.01[2] - Net profit attributable to shareholders for Q3 2022 was ¥27,485,405.08, a decrease of 36.97% compared to the same period last year, and year-to-date net profit decreased by 25.27% to ¥116,495,192.59[2] - Total operating revenue for Q3 2022 was ¥2,459,862,060.01, a decrease of 12.1% from ¥2,798,770,417.74 in the same period last year[15] - Net profit for Q3 2022 was ¥59,585,649.98, a decline of 57.5% compared to ¥140,087,861.23 in Q3 2021[15] - The net profit attributable to shareholders of the parent company was ¥116,495,192.59, down 25.3% from ¥155,891,615.72 year-over-year[16] - Basic and diluted earnings per share for Q3 2022 were both ¥0.23, compared to ¥0.31 in the same period last year[16] - The company reported a comprehensive income total of ¥61,027,243.37 for Q3 2022, compared to ¥106,312,082.01 in the same period last year[16] Cash Flow - The company's cash flow from operating activities showed a significant decline, with a net cash outflow of ¥324,045,569.82 year-to-date, marking a 943.51% decrease[2] - Net cash flow from operating activities decreased by 292.99 million yuan, a decline of 943.51%, primarily due to strategic inventory payments and increased R&D investment in key business sectors[10] - The net cash flow from operating activities for the current period is -324,045,569.82 CNY, compared to -31,053,522.66 CNY in the previous period, indicating a significant decline[18] - Total cash inflow from operating activities decreased to 2,598,017,253.66 CNY from 3,150,183,328.84 CNY year-over-year, a drop of approximately 17.5%[18] - Cash outflow from operating activities also decreased to 2,922,062,823.48 CNY from 3,181,236,851.50 CNY, reflecting a reduction of about 8.1%[18] - The total cash flow for the period showed a net decrease of 705,675,587.57 CNY compared to a decrease of 637,180,271.44 CNY in the previous period[19] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥7,244,605,489.02, reflecting a 0.85% increase from the end of the previous year[2] - The company's total liabilities decreased by 8.52% year-to-date, indicating improved financial stability[5] - Total liabilities amounted to ¥2,475,348,921.17, slightly down from ¥2,503,211,473.28 in the previous year[14] - Total equity increased to ¥4,769,256,567.85 from ¥4,680,221,677.12 year-over-year[14] Research and Development - Research and development expenses increased by ¥80,242,900, representing a 41.71% rise year-over-year, driven by increased investment in key business sectors such as chips and automotive electronics[8] - R&D expenses increased to ¥272,624,103.60, up 41.8% from ¥192,381,173.17 in the previous year[15] - The company plans to continue expanding its "cloud + chip" business model to meet market demand, focusing on R&D in key sectors[6] Shareholder Information - Minority shareholder profit decreased by 41.11 million yuan, a decline of 260.1% compared to the same period last year[10] - The company has a total of 125,359 common shareholders as of the end of the reporting period[11] Investment Activities - Investment income increased by ¥6,610,200, a 73.76% rise year-over-year, attributed to higher returns from financial products and equity investments[9] - Net cash flow from investing activities increased by 16.34 million yuan, an increase of 39.81% compared to the same period last year[10] - Cash inflow from investment activities increased significantly to 487,611,408.89 CNY from 47,793,694.01 CNY, marking a substantial rise[19] - The net cash flow from investment activities improved to -247,120,289.88 CNY from -410,551,630.42 CNY, showing a positive trend[19] Cash and Cash Equivalents - The company's cash and cash equivalents decreased by ¥594,334,800, a decline of 32.43%, primarily due to increased chip inventory and stock repurchase payments[5] - Cash and cash equivalents were reported at 1.238 billion yuan, down from 1.832 billion yuan at the beginning of the year[13] - The cash and cash equivalents at the end of the period amounted to 1,025,879,628.47 CNY, an increase from 862,985,393.37 CNY year-over-year[19] - The company reported a cash flow impact from exchange rate changes of 24,291,729.42 CNY, contrasting with -11,733,159.26 CNY in the previous period[19]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan, representing a 20% growth compared to the same period last year[2]. - The company reported a revenue of 1.5 billion RMB for the first half of 2022, representing a year-on-year increase of 20%[9]. - The company's operating revenue for the first half of 2022 was ¥1,511,442,258.44, a decrease of 22.99% compared to ¥1,962,540,611.19 in the same period last year[14]. - The company achieved revenue of CNY 1.511 billion, a year-on-year decrease of 23%, primarily due to changes in the consolidation scope[36]. - The total operating revenue for the first half of 2022 was CNY 1,511,442,258.44, a decrease of approximately 23% compared to CNY 1,962,540,611.19 in the same period of 2021[120]. - The company's total profit for the first half of 2022 was ¥60.71 million, down from ¥124.76 million in the first half of 2021, a decline of approximately 51.3%[122]. - The net profit attributable to shareholders was ¥89,009,787.51, down 20.73% from ¥112,282,849.63 year-on-year[14]. - The net profit attributable to the parent company for the first half of 2022 was ¥89.01 million, compared to ¥112.28 million in the first half of 2021, indicating a decrease of approximately 20.6%[123]. - The company reported a net profit margin of approximately 0.2% for the first half of 2022, compared to a higher margin in the previous year, indicating a significant decline in profitability[120]. User Growth and Market Expansion - User data showed an increase in active users, reaching 5 million, which is a 15% increase year-over-year[3]. - User data indicates a growth in active users by 15%, reaching a total of 2 million users by June 30, 2022[9]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[9]. - Market expansion plans include entering two new international markets by Q4 2022[4]. - The company is actively expanding its market presence in sectors such as consumer electronics, industry applications, and smart driving, leveraging its high-precision positioning technology[21]. Research and Development - The company is investing heavily in R&D, with an allocation of 200 million yuan for new technology development[3]. - Investment in R&D increased by 30% compared to the previous year, focusing on advanced navigation technologies and smart vehicle solutions[9]. - The company's R&D investment reached 234 million yuan, accounting for 15.49% of revenue, with a year-on-year growth of 18.82%[31]. - The company reported R&D investment of 234 million yuan, an increase of 18.82% year-on-year, with 76 ongoing key projects, including 36 newly added projects[67]. Financial Position and Cash Flow - The net cash flow from operating activities was negative at ¥248,018,945.26, a significant drop from a positive cash flow of ¥15,248,356.65 in the same period last year, representing a decrease of 1,726.53%[14]. - Cash and cash equivalents at the end of the reporting period were ¥1,286,878,732.34, down 6.83% from ¥1,832,407,425.00 at the end of the previous year[47]. - The company's cash and cash equivalents decreased to CNY 221,220,267.34 from CNY 568,589,657.38, a decline of approximately 61%[119]. - The total liabilities decreased to CNY 3,684,042,351.43 from CNY 4,056,395,511.49, reflecting a decline of approximately 9.15%[117]. - The company reported a significant reduction in accounts payable, which decreased to CNY 669,314,193.89 from CNY 769,963,952.20, a decrease of about 13.03%[117]. Strategic Initiatives - New product launches are expected to contribute an additional 300 million yuan in revenue by the end of the year[5]. - A strategic acquisition of a local tech firm is anticipated to enhance the company's capabilities in IoT solutions, expected to be finalized by Q4 2022[9]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 500 million yuan allocated for potential mergers[2]. - The company has established partnerships with three major automotive manufacturers to integrate its navigation systems into their vehicles, expected to boost sales significantly[9]. Corporate Governance and Compliance - The company is committed to enhancing corporate governance and protecting shareholder rights, ensuring compliance with relevant laws and regulations[74]. - The company has not engaged in any major related party transactions during the reporting period, ensuring transparency and compliance with regulations[81]. - The company has a shareholder meeting participation rate of 35.46% for the 2021 annual general meeting held on May 12, 2022[69]. - The company has appointed a new general manager, Zhou Ruxin, effective July 1, 2022, following the resignation of the previous general manager[70]. Legal and Regulatory Matters - The company reported a significant lawsuit involving Jiangsu Beidou Star Automotive Electronics Co., Ltd. against Zhejiang Zhongtai Automobile Manufacturing Co., Ltd. for a contract dispute, with a claim amount of 53.54 million yuan[79]. - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[79]. - The company has not reported any non-operating fund occupation by major shareholders or related parties, ensuring proper governance[78]. Shareholder and Equity Information - The company has repurchased a total of 5,018,178 shares, representing 0.98% of the total share capital, at an average price between RMB 28.92 and RMB 31.36 per share, totaling approximately RMB 150.36 million[97]. - The company plans to use its own funds between RMB 150 million and RMB 200 million for share repurchase, with a maximum price of RMB 50 per share within a 12-month period[96]. - The actual controller of the company remains unchanged after the equity change, with Zhou Guangyu holding 51,375,330 shares, accounting for 10.03% of the total share capital[98]. - The company has disclosed its shareholder structure, with a total of 125,698 shareholders holding more than 5% of the ordinary shares[109]. Risk Management - The company is facing potential risks related to supply chain disruptions, which it is actively monitoring and addressing[4]. - The company emphasizes the importance of macroeconomic conditions and plans to strengthen its operational resilience through resource integration and supply chain management[67].

Financial Performance - The company's operating revenue for Q1 2022 was ¥760,213,400.76, a decrease of 16.76% compared to ¥913,320,103.43 in the same period last year[2] - Net profit attributable to shareholders was ¥45,829,215.61, representing an increase of 9.45% from ¥41,873,198.30 year-on-year[2] - Net profit for Q1 2022 was CNY 30,910,791.58, a decrease of 4.7% compared to CNY 32,392,293.29 in Q1 2021[15] - Total operating costs for Q1 2022 were CNY 757,592,645.51, down 15.0% from CNY 891,812,731.74 in the previous year[14] - Total revenue for the first quarter was CNY 41,227,703.75, an increase from CNY 21,904,981.31 in the previous year[16] - Basic and diluted earnings per share were both CNY 0.09, compared to CNY 0.08 in the same period last year[16] Cash Flow and Liquidity - The net cash flow from operating activities was -¥163,921,306.01, a decline of 57.89% compared to -¥103,819,263.20 in the previous year[2] - Cash flow from operating activities showed a net outflow of CNY -163,921,306.01, worsening from CNY -103,819,263.20 in the previous year[18] - Cash inflow from investment activities was CNY 119,539,752.41, significantly higher than CNY 9,992,879.85 in the previous year[18] - Cash outflow from investment activities totaled CNY 510,325,878.06, compared to CNY 82,450,155.64 in the previous year[18] - Net cash flow from financing activities was CNY -119,676,806.84, an improvement from CNY -156,125,334.09 in the previous year[19] - The ending balance of cash and cash equivalents was CNY 1,048,781,047.54, down from CNY 1,160,026,429.57 in the previous year[19] - Cash received from tax refunds increased by 205.38%, totaling ¥1,561,120 compared to the same period last year[5] - The company received CNY 23,212,396.62 in tax refunds, an increase from CNY 7,601,236.25 in the previous year[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,020,992,550.59, down 2.26% from ¥7,183,433,150.40 at the end of the previous year[2] - The total assets as of Q1 2022 were CNY 7,020,992,550.59, a decrease from CNY 7,183,433,150.40 in the previous year[13] - The company’s total current assets decreased to RMB 3,871,958,649.44 from RMB 4,056,395,511.49, representing a decline of approximately 4.6%[11] - Total liabilities decreased to CNY 2,299,286,949.34 in Q1 2022 from CNY 2,503,211,473.28 in Q1 2021, reflecting a reduction of 8.2%[13] - The company’s total liabilities decreased by 83.63%, with non-current liabilities due within one year reducing by ¥84,700,100[4] Shareholder Information - Total number of common shareholders at the end of the reporting period is 130,923, with the largest shareholder, Zhou Ruxin, holding 25.86% of shares[6] - The largest shareholder, the National Integrated Circuit Industry Investment Fund, holds 8.57% of shares, amounting to 43,878,607 shares[6] - The company has not disclosed any known relationships or concerted actions among the top ten shareholders[8] - The total number of shareholders with restored voting rights for preferred shares is not applicable[9] Research and Development - The company increased its R&D investment by 32.31%, amounting to an increase of ¥40,983,200 in development expenditures to enhance technological competitiveness[4] - Research and development expenses increased to CNY 69,419,958.30 in Q1 2022, up 12.1% from CNY 61,549,880.07 in Q1 2021[15] Future Plans - The company plans to repurchase shares using self-owned funds between RMB 150 million and RMB 200 million, with a maximum repurchase price of RMB 50 per share[9] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[15]