江苏雷科防务科技股份有限公司 2019 年年度报告全文 江苏雷科防务科技股份有限公司 2019 年年度报告 2020 年 04 月 1 江苏雷科防务科技股份有限公司 2019 年年度报告全文 第一节重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人戴斌、主管会计工作负责人刘峰及会计机构负责人(会计主管人 员)高立宁声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司存在的风险因素主要为经营管理风险、业务整合风险、人员流失风险、 疫情风险，有关主要风险因素及公司应对措施等详见本报告第四节"经营情况讨 论与分析"中"公司未来发展的展望"。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 江苏雷科防务科技股份有限公司 2019年年度报告全文 第七节优先股相关情况………………………………………………………………………………………………………………………… 54 第八节可转换公司债券相关情况…………………………………………………… ...

江苏雷科防务科技股份有限公司 2018 年年度报告全文 江苏雷科防务科技股份有限公司 2018 年年度报告 2020 年 01 月 1 江苏雷科防务科技股份有限公司 2018 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人戴斌、主管会计工作负责人刘峰及会计机构负责人(会计主管人 员)高立宁声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司存在的风险因素主要为经营管理风险、业务整合风险、人员流失风险， 有关主要风险因素及公司应对措施等详见本报告第四节"经营情况讨论与分析" 中"公司未来发展的展望"。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 江苏雷科防务科技股份有限公司 2018年年度报告全文 目录 | --- | --- | |---------------------------------------------|-------| | | | | 第一节 重要提示、目录和释义 . ...

江苏雷科防务科技股份有限公司 2019 年第三季度报告全文 江苏雷科防务科技股份有限公司 2019 年第三季度报告 2019 年 10 月 1 江苏雷科防务科技股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人戴斌、主管会计工作负责人刘峰及会计机构负责人(会计主管人 员)高立宁声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏雷科防务科技股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------|----------------|------------------------|------------------|----- ...

Financial Performance - The company's operating revenue for the first half of 2019 was approximately ¥468.87 million, representing a 19.22% increase compared to ¥393.28 million in the same period last year[18]. - The net profit attributable to shareholders was approximately ¥69.04 million, a slight increase of 1.61% from ¥67.94 million year-on-year[18]. - The net profit after deducting non-recurring gains and losses was approximately ¥61.91 million, reflecting a 7.41% increase from ¥57.64 million in the previous year[18]. - Operating profit reached 93.62 million RMB, up 9.06% compared to the previous year[51]. - The company achieved operating revenue of 468.87 million RMB, a year-on-year increase of 19.22%[51]. - The company reported a total revenue of approximately ¥300.6 million for the first half of 2019, with a net profit of around ¥31.8 million, representing a year-on-year increase of 27.04%[84]. - The net profit for the first half of 2019 was ¥75,796,693.31, representing a 6.3% increase from ¥71,388,714.41 in the previous year[164]. Cash Flow and Assets - The net cash flow from operating activities was negative at approximately -¥204.97 million, worsening by 73.81% compared to -¥117.93 million in the same period last year[18]. - Cash and cash equivalents decreased by 61.55% compared to the beginning of the period, mainly due to the termination of stock repurchase for unvested restricted shares and share buybacks[33]. - The company's total assets at the end of the reporting period amounted to RMB 4.28 billion, with cash and cash equivalents of RMB 130.15 million, down from RMB 370.25 million year-over-year[62]. - Total current assets decreased from CNY 2,243,510,323.23 as of December 31, 2018, to CNY 1,890,037,603.89 as of June 30, 2019, representing a decline of approximately 15.8%[153]. - Cash and cash equivalents dropped from CNY 338,511,044.70 to CNY 130,146,993.25, a decrease of approximately 61.6%[153]. Investments and Acquisitions - The company has acquired a 20% stake in Huaxin Anrong Technology (Beijing) Co., Ltd. and a 14.84% stake in Bohai Chuangye[32]. - The company completed the acquisition of 14.84% equity in Suzhou Bohai Chuangye Micro System Co., increasing its ownership to 66%[122]. - The company made a significant equity investment of RMB 39.59 million in Suzhou Bohai Chuangye Micro System Co., Ltd., acquiring a 66% stake[67]. - The company plans to acquire 100% equity of Xi'an Hengda and Jiangsu Hengda for a consideration of 625 million, with additional fundraising of up to 397 million through private placement[120]. Research and Development - The company has established a high-quality R&D team of over 800 members, including 1 academician of the Chinese Academy of Engineering and 30 PhD holders[35]. - Research and development investment increased to 24.20 million RMB, a rise of 11.21% from the previous year[52]. - The company has developed the first domestic large-scale on-board image real-time processing chip, marking a complete solution for on-board image processing[36]. - The radar systems business group has developed advanced technologies in new system radar, high-speed real-time signal processing, and full-band phased array, contributing significantly to national defense[26]. Risks and Management - The company faces risks including operational management, business integration, and personnel turnover, with corresponding mitigation strategies outlined in the report[5]. - The company is facing operational management risks due to restructuring and needs to adjust its management framework to align with new development goals[86]. - There is a business integration risk as the company aims to leverage synergies from mergers and acquisitions, which may face challenges due to cultural and organizational differences[86]. - The company has implemented a performance evaluation system to retain its high-level R&D team, addressing the risk of talent loss in a competitive industry[87]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company reported a commitment to distribute cash dividends amounting to at least 30% of the average distributable profit over three consecutive years, provided there are no major investment plans or cash expenditures[96]. - The company has fulfilled its commitments regarding shareholding restrictions and performance compensation obligations related to its subsidiary, Qiwitech[95]. - The company has a long-term commitment to cash distribution, ensuring that profits are allocated to shareholders under normal operational conditions[96]. Compliance and Governance - The semi-annual financial report has not been audited[97]. - The company has not undergone any major litigation or arbitration matters during the reporting period[99]. - The company has not reported any penalties or rectifications during the reporting period[101]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[106]. Market and Product Development - The company is actively promoting its automotive automatic emergency braking system (AEBS) in the market, receiving widespread attention[31]. - The company is actively expanding its civil product market, aiming to increase the sales proportion of civil products[46]. - The company is committed to avoiding related party transactions that could harm the interests of minority shareholders[93]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the defense technology sector[180].

江苏雷科防务科技股份有限公司 2019 年第一季度报告全文 江苏雷科防务科技股份有限公司 2019 年第一季度报告 2019 年 04 月 1 江苏雷科防务科技股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人戴斌、主管会计工作负责人刘峰及会计机构负责人(会计主管人 员)高立宁声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏雷科防务科技股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | | | | | | ...

江苏雷科防务科技股份有限公司 2018 年年度报告全文 江苏雷科防务科技股份有限公司 2018 年年度报告 2019 年 04 月 1 江苏雷科防务科技股份有限公司 2018 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人戴斌、主管会计工作负责人刘峰及会计机构负责人(会计主管人 员)高立宁声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司存在的风险因素主要为经营管理风险、业务整合风险、人员流失风险， 有关主要风险因素及公司应对措施等详见本报告第四节"经营情况讨论与分析" 中"公司未来发展的展望"。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 江苏雷科防务科技股份有限公司 2018 年年度报告全文 目录 | --- | --- | |------------------------------------------------------------------------------- ...

[Important Notice](index=2&type=section&id=Item%201.%20Important%20Notice) This section outlines the company's commitment to the accuracy and completeness of its quarterly report and financial statements [Statement and Guarantee](index=2&type=section&id=Item%201.%20Important%20Notice) The board, supervisory board, and senior management affirm the report's integrity, with key executives confirming financial statement accuracy - The company's board of directors, supervisory board, and all senior management ensure the truthfulness, accuracy, and completeness of the report content[4](index=4&type=chunk) - Company head Dai Bin, chief accountant Liu Feng, and head of accounting department Gao Lining guarantee the truthfulness, accuracy, and completeness of the financial statements[5](index=5&type=chunk) [Company Profile](index=3&type=section&id=Item%202.%20Company%20Profile) This section details the company's key financial performance and indicators for Q3 2018, along with its shareholder structure [Key Accounting Data and Financial Indicators](index=3&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) By Q3 2018, total assets grew 9.75%, with operating revenue up 40.28% to 634 million yuan and net profit up 39.73% to 106 million yuan Key Financial Indicators for Q1-Q3 2018 | Indicator | Year-to-Date | Year-on-Year Change | | :--- | :--- | :--- | | Operating Revenue | 634,145,324.56 Yuan | +40.28% | | Net Profit Attributable to Shareholders of Listed Company | 106,301,951.18 Yuan | +39.73% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items) | 85,989,785.15 Yuan | +26.64% | | Net Cash Flow from Operating Activities | -212,134,534.47 Yuan | -12.60% | | Basic Earnings Per Share | 0.09 Yuan/share | +28.57% | | Weighted Average Return on Net Assets | 2.81% | +0.70% | | **Period-end Asset Situation** | **End of Reporting Period** | **Change from End of Previous Year** | | Total Assets | 4,495,707,989.70 Yuan | +9.75% | | Net Assets Attributable to Shareholders of Listed Company | 3,919,372,697.84 Yuan | +8.53% | - From the beginning of the year to the end of the reporting period, total non-recurring gains and losses amounted to **20.31 million yuan**, primarily comprising bank wealth management income (**16.69 million yuan**) and government subsidies (**3.35 million yuan**)[9](index=9&type=chunk) [Shareholder Information](index=4&type=section&id=II.%20Total%20Number%20of%20Shareholders%20and%20Top%20Ten%20Shareholders%27%20Holdings%20at%20Period-End) The company had 58,518 common shareholders, with Jiangsu Changfa Industrial Group as the largest at 16.74%, and several top shareholders having pledged shares - At the end of the reporting period, the company had **58,518** common shareholders[12](index=12&type=chunk) Top Five Shareholders' Holdings | Shareholder Name | Shareholding Percentage | Number of Shares Held | Number of Pledged Shares | | :--- | :--- | :--- | :--- | | Jiangsu Changfa Industrial Group Co., Ltd. | 16.74% | 190,773,335 | 0 | | Guizhou Waitan Security Equipment Co., Ltd. | 8.77% | 100,000,000 | 100,000,000 | | Beijing Hongda Weiye Investment Management Center | 4.88% | 55,609,500 | 54,430,000 | | Liu Sheng | 3.18% | 36,247,692 | 10,230,000 | | Liu Feng | 2.88% | 32,788,407 | 22,020,000 | - Shareholders Liu Sheng, Liu Feng, Gao Lining, and others are acting in concert; Beijing Institute of Technology Asset Management Co., Ltd. and Beijing Institute of Technology Innovation High-Tech Incubator Co., Ltd. are controlled by the same ultimate beneficial owner[13](index=13&type=chunk) [Significant Events](index=6&type=section&id=Item%203.%20Significant%20Events) This section analyzes major financial data changes, significant event progress, commitment fulfillment, and the 2018 annual performance forecast [Analysis of Major Financial Data Changes](index=6&type=section&id=I.%20Changes%20and%20Reasons%20for%20Major%20Financial%20Data%20and%20Indicators%20in%20the%20Reporting%20Period) Significant financial changes include a 65.31% decrease in monetary funds and a 2073.02% surge in other current assets due to wealth management product purchases, alongside a 40.28% revenue increase [Changes in Balance Sheet Items](index=6&type=section&id=(I)%20Items%20with%20Significant%20Changes%20in%20the%20Balance%20Sheet%20and%20Reasons) Balance sheet changes reflect fund allocation and business growth, with monetary funds down 65.31% and other current assets up 2073.02% due to wealth management product purchases Major Balance Sheet Item Changes | Statement Item | Change Rate | Reason for Change | | :--- | :--- | :--- | | Monetary Funds | -65.31% | Purchased wealth management products | | Other Current Assets | +2073.02% | Purchased wealth management products | | Prepayments | +213.08% | Increased external procurement and payments to suppliers | | Other Receivables | +127.72% | Increased bid deposits | | Advances from Customers | +110.90% | Increased external procurement business | | Short-term Borrowings | +61.39% | Increased short-term bank borrowings | [Changes in Income Statement Items](index=6&type=section&id=(II)%20Items%20with%20Significant%20Changes%20in%20the%20Income%20Statement%20and%20Reasons) Total operating revenue increased by 40.28% due to core business growth and subsidiary consolidation, while financial expenses decreased by 358.08% from wealth management income Major Income Statement Item Changes | Statement Item | Change Rate | Reason for Change | | :--- | :--- | :--- | | Total Operating Revenue | +40.28% | Increased main business revenue and consolidation of Suzhou Bohai | | Operating Cost | +47.79% | Increased main business cost and consolidation of Suzhou Bohai | | Financial Expenses | -358.08% | Increased interest income from wealth management products | | Asset Impairment Losses | +142.75% | Increased long-term accounts receivable and other receivables | | Non-operating Expenses | +1180.18% | Increased education foundation scholarship by 150,000 yuan | [Changes in Cash Flow Statement Items](index=7&type=section&id=(III)%20Items%20with%20Significant%20Changes%20in%20the%20Cash%20Flow%20Statement%20and%20Reasons) Operating cash inflow increased by 72.64% due to improved collections, while investing cash outflow surged 1167.29% from wealth management product purchases Major Cash Flow Statement Item Changes | Statement Item | Change Rate | Reason for Change | | :--- | :--- | :--- | | Subtotal of Cash Inflows from Operating Activities | +72.64% | Better collections than prior period | | Net Cash Flow from Investing Activities | -1167.29% | Purchased wealth management products | | Net Cash Flow from Financing Activities | +175.28% | Increased employee private placement, repaid loans, and share repurchases | [Progress of Significant Events](index=7&type=section&id=II.%20Analysis%20of%20Progress%2C%20Impact%2C%20and%20Solutions%20for%20Significant%20Events) The company completed a 100 million yuan share repurchase, adjusted registered capital due to equity incentives, and its largest shareholder plans to transfer all shares - The company completed its share repurchase plan, repurchasing a total of **15,660,484 shares**, representing **1.3554%** of the total share capital, for a total amount of **100.50 million yuan**[20](index=20&type=chunk) - Due to the implementation of equity incentives, repurchase of restricted shares from resigned employees, and secondary market share repurchases, the company's registered capital changed from **1,102.55 million yuan** to **1,139.75 million yuan**[21](index=21&type=chunk) - The largest shareholder, Changfa Group, intends to transfer its entire holding of **190,773,335 shares** (representing **16.74%** of the total share capital) to Beijing Cuiwei Group and two other companies via an agreement transfer[24](index=24&type=chunk) [Fulfillment of Commitments](index=8&type=section&id=III.%20Unfulfilled%20Commitments%20by%20the%20Company%27s%20Actual%20Controller%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20Other%20Committed%20Parties%20Beyond%20the%20Due%20Date%20in%20the%20Reporting%20Period) No unfulfilled commitments beyond their due date were reported by the company or its related parties during the period - The company reported no unfulfilled commitments beyond their due date by related parties during the period[26](index=26&type=chunk) [2018 Annual Performance Forecast](index=8&type=section&id=IV.%20Forecast%20of%202018%20Annual%20Operating%20Performance) The company forecasts 2018 net profit attributable to shareholders to grow 10% to 50%, reaching 135 million to 184 million yuan, driven by business development and subsidiary consolidation 2018 Annual Performance Forecast | Item | Forecast Situation | | :--- | :--- | | Net Profit Change Range | 10.00% to 50.00% | | Net Profit Forecast Range | 13,481.88 Ten Thousand Yuan to 18,384.39 Ten Thousand Yuan | | 2017 Annual Net Profit | 12,256.26 Ten Thousand Yuan | | Reasons for Performance Change | Company's various businesses developed well, and Suzhou Bohai has been consolidated since August 2017 | [Investor Relations Activities](index=9&type=section&id=IX.%20Registration%20Form%20for%20Investor%20Research%2C%20Communication%2C%20Interview%2C%20and%20Other%20Activities%20During%20the%20Reporting%20Period) The company hosted five on-site research activities for institutional investors from June to August 2018, actively engaging the capital market - From June to August 2018, the company conducted **5** on-site research reception activities for institutions[32](index=32&type=chunk)

Financial Performance - The company's operating revenue for the reporting period was ¥393,280,945.65, representing a 33.16% increase compared to ¥295,350,420.47 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥67,944,268.85, up 34.64% from ¥50,464,306.50 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥57,638,905.43, reflecting a 30.82% increase from ¥44,058,211.39 in the previous year[18]. - The company's total assets at the end of the reporting period reached ¥4,514,831,237.10, a 10.22% increase from ¥4,096,382,800.84 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased by 10.07% to ¥3,974,798,108.46 from ¥3,611,240,619.59 at the end of the previous year[18]. - The basic earnings per share rose to ¥0.06, a 20.00% increase compared to ¥0.05 in the same period last year[18]. - The company achieved total operating revenue of CNY 393.28 million, a year-on-year increase of 33.16%[49]. - Net profit attributable to shareholders reached CNY 67.94 million, reflecting a year-on-year growth of 34.64%[49]. - The company reported a net profit attributable to shareholders for the first nine months of 2018 expected to be between 76.08 million and 114.12 million RMB, representing a change of 0.00% to 50.00% compared to the same period in 2017[85]. - The main business of the company has been steadily developing, with the acquisition of Bohai Chuangye in August 2017 contributing positively to the company's performance[85]. Research and Development - The company is engaged in the research, development, manufacturing, and sales of radar systems, remote sensing control, satellite navigation, digital systems, simulation, and microwave components[26]. - The company has joined the Apollo hardware development platform, with its self-developed millimeter-wave automotive anti-collision radar being the first domestic product to join this platform[27]. - The company is currently advancing 13 satellite projects, with a certain SAR on-orbit real-time processor successfully launched and undergoing normal on-orbit testing, marking a significant milestone as the first domestic satellite-borne SAR real-time processing device[28]. - The company has developed core baseband processing chips and modules for the Beidou satellite navigation system, widely applied in military and specialized equipment, and has received multiple awards for its technological advancements[31]. - The company has established Suzhou University of Science and Technology Rayco Sensing Technology Co., Ltd. to strengthen its layout in the civil radar field[42]. - The company has a highly qualified R&D team of nearly 800 members, with over 50% holding master's or doctoral degrees, emphasizing its focus on talent development[43]. Operational Risks and Management - The company faces risks including operational management risk, business integration risk, and personnel turnover risk, with corresponding countermeasures outlined in the report[5]. - The company plans to enhance internal management systems and processes to adapt to rapid market changes following its restructuring efforts[82]. - The company faces operational management risks due to challenges in integrating new acquisitions into its existing structure[82]. - The company has implemented stock incentive plans to retain key technical personnel amid increasing competition for talent in the industry[84]. Investment and Financing Activities - The company's cash flow from financing activities surged by 721.63% to CNY 337.40 million, due to the implementation of the 2018 restricted stock incentive plan[53]. - The company’s investment activities generated a negative cash flow of CNY 646.98 million, primarily due to the purchase of financial products[53]. - The total amount of raised funds was ¥105,332.52 million, with ¥1,741.68 million invested during the reporting period[69]. - Cumulative investment of raised funds reached ¥103,018.13 million, indicating effective utilization of resources[69]. - The company has committed to several projects, with a total committed investment of ¥59,835.8 million, of which ¥1,741.68 million was invested during the reporting period[72]. - The company plans to repurchase shares with a total amount not less than RMB 100 million and not exceeding RMB 300 million, at a price not exceeding RMB 9.00 per share[126][127]. Shareholder and Equity Information - The company plans to distribute at least 10% of the annual distributable profits in cash dividends, with a cumulative distribution of no less than 30% of the average annual distributable profits over any three consecutive fiscal years[95]. - The company has committed to granting 61.968 million restricted stocks to 141 incentive targets at a price of 6.04 CNY per share, with an additional 5 million shares reserved[102]. - The company has made commitments to its minority shareholders regarding stock holdings and non-reduction of shares after the lifting of restrictions[95]. - The total number of ordinary shareholders was 54,554[142]. - Jiangsu Changfa Industrial Group Co., Ltd. held 16.51% of shares, amounting to 190,773,335 shares, with no changes during the reporting period[142]. - The company’s total number of shares increased by 52,894,000 after the stock incentive plan[140]. Legal and Compliance Matters - The company has not experienced any major litigation or arbitration matters during the reporting period[98]. - The company has not received any media inquiries or general doubts during the reporting period[99]. - The company was fined 1.4 million CNY by customs for misclassification of exported goods, which involved 1,662 tickets during the period from July 1, 2012, to July 2, 2014[100]. - The company guarantees that no improper benefits will be obtained through related party transactions, protecting the interests of minority shareholders[92]. - The company emphasizes its adherence to legal procedures in all related party transactions, reinforcing its commitment to corporate governance[92]. Cash Flow and Financial Position - The company's cash and cash equivalents decreased to ¥370,254,798.18 from ¥797,756,106.83, representing a decline of approximately 53.6%[156]. - Accounts receivable increased significantly to ¥834,182,329.36 from ¥611,065,010.04, marking an increase of about 36.6%[156]. - Inventory rose to ¥415,491,252.36 from ¥361,888,505.94, indicating an increase of approximately 14.8%[156]. - The company reported a decrease in notes receivable from ¥144,768,613.52 to ¥74,692,199.52, a decline of about 48.3%[156]. - The total cash inflow from investment activities was 665,306,652.14 yuan, while cash outflow was 1,284,508,766.00 yuan, resulting in a net cash flow from investment activities of -619,202,113.86 yuan[177]. - The net cash flow from financing activities was 283,784,538.02 yuan, significantly higher than 22,158,916.09 yuan in the previous period, reflecting increased financing efforts[177].

Financial Performance - Revenue for Q1 2018 was CNY 127,908,800.96, an increase of 8.49% compared to CNY 117,898,838.99 in the same period last year[8] - Net profit attributable to shareholders was CNY 27,758,625.81, reflecting a growth of 3.60% from CNY 26,794,032.94 year-on-year[8] - Net profit excluding non-recurring gains and losses reached CNY 27,253,585.35, up 15.50% from CNY 23,597,073.13 in the previous year[8] - Basic and diluted earnings per share increased by 50.00% to CNY 0.03 from CNY 0.02 in the same quarter last year[8] - The net cash flow from operating activities improved to -CNY 59,769,236.88, a 31.24% reduction in losses compared to -CNY 86,928,327.85 last year[8] - The company reported a 40.26% increase in income tax expenses to ¥6.73 million due to a rise in total profit[16] - Financial expenses increased by 114.58% to ¥290.67 thousand, primarily due to a decrease in interest income from financial products[16] - The net profit attributable to shareholders for the first half of 2018 is expected to range from 5,046.43 million to 7,569.45 million, representing a change of 0.00% to 50.00% compared to the same period in 2017[30] - The positive performance in the first half of 2018 is attributed to the good development of the company's business and the contribution from Suzhou Bohai Chuangye Micro System Co., Ltd., which was included in the consolidated financial statements starting August 2017[30] - The expected net profit for the first half of 2018 is not classified as a turnaround situation, indicating stable operational performance[30] Assets and Shareholder Information - Total assets at the end of the reporting period were CNY 4,171,797,481.89, a 1.84% increase from CNY 4,096,382,800.84 at the end of the previous year[8] - Net assets attributable to shareholders rose to CNY 3,634,994,118.17, marking a 0.66% increase from CNY 3,611,240,619.59[8] - The total number of ordinary shareholders at the end of the reporting period was 47,726[12] - The largest shareholder, Jiangsu Changfa Industrial Group Co., Ltd., held 17.30% of the shares, totaling 190,773,335 shares[12] Cash Flow and Financial Management - Cash and cash equivalents decreased by 67.37% to ¥260.31 million due to the purchase of financial products worth ¥410 million[16] - Other receivables increased by 1160.68% to ¥125.31 million primarily due to transactions with subsidiaries[16] - Other current assets surged by 1778.82% to ¥426.27 million, mainly from an increase in financial products by ¥410 million[16] - Prepayments rose by 42.34% to ¥46.43 million as a result of increased payments to suppliers[16] - The net cash flow from operating activities improved by 31.24% to -¥59.77 million, attributed to the consolidation of the subsidiary Suzhou Bohai[16] Shareholder Commitments and Performance Targets - The cumulative net profit commitment for the years 2015, 2016, and 2017 is set at 236.23 million CNY, with individual annual targets of 61.93 million CNY, 77.96 million CNY, and 96.34 million CNY respectively[25] - The company has a share lock-up commitment where one-third of the total shares purchased will be unlocked each year based on performance from 2016 to 2018[24] - If the cumulative net profit for 2018 is below 128 million CNY, the remaining shares will not be unlocked, and compensation will be calculated based on the formula provided[24] - The company is currently in the process of fulfilling its commitments related to share lock-up and performance targets[25] - The performance commitment period is set for three years, with ongoing compliance being monitored[25] - The company has established a performance compensation principle for any shortfall in actual net profit compared to the forecasted figures during the commitment period[25] - The company is actively managing its commitments to ensure compliance with performance targets and shareholder agreements[25] - The company has outlined specific conditions under which shares will be unlocked based on financial performance during the commitment period[24] Related Party Transactions and Compliance - Jiangsu Leike Defense Technology Co., Ltd. reported a commitment to avoid any improper benefits through related transactions, ensuring compliance with legal and regulatory requirements[26] - The company emphasized that any related transactions with its subsidiaries will adhere to market principles, ensuring fairness and mutual benefit[26] - The company is committed to ensuring that no related transactions harm the legitimate rights and interests of the listed company and its minority shareholders[26] - The company will execute related transactions only after approval from the competent authority[26] - There are no instances of non-operating fund occupation by controlling shareholders or their affiliates during the reporting period[32] - The company has no violations regarding external guarantees during the reporting period[31] Investor Relations and Communication - The company has engaged in multiple communication activities with investors, including phone calls throughout January to March 2018[34] - The company has maintained its commitment to cash dividends, ensuring that conditions for distribution are met[29] - The company has committed to distributing no less than 10% of the annual distributable profit as cash dividends, with a cumulative distribution of at least 30% of the average annual distributable profit over any three consecutive years[29] - The company has established a priority purchase right for its main business-related assets in case of any sales or transfers[28] - The company is committed to ensuring that any business opportunities that may compete with its main business are reported and transferred to the company[28] Corporate Actions - The company plans to acquire 100% equity of Changshu Beili New Materials Technology Co., Ltd., with due diligence currently underway[17] - The company approved a stock incentive plan to grant 66.968 million restricted shares, representing 6.07% of the total share capital[20] - The company repurchased and canceled 97,000 restricted shares due to the departure of certain incentive recipients, affecting 0.0088% of total share capital[21] - The shares obtained through subscription will be restricted from transfer for 36 months from the date of listing[27] - The company guarantees that it will not engage in any business that competes with Leike Defense's main business through direct or indirect means[27] - The company will bear full cash compensation for any losses caused to Leike Defense due to non-fulfillment of commitments[27]

Financial Performance - The company's operating revenue for 2017 was CNY 767,180,576.40, representing a 44.61% increase compared to CNY 530,528,699.72 in 2016[19] - The net profit attributable to shareholders for 2017 was CNY 122,562,582.97, a 16.38% increase from CNY 105,312,808.27 in 2016[19] - The net profit after deducting non-recurring gains and losses was CNY 112,062,069.67, up 16.35% from CNY 96,312,108.45 in 2016[19] - The basic earnings per share for 2017 was CNY 0.11, a 10.00% increase from CNY 0.10 in 2016[19] - The total assets at the end of 2017 were CNY 4,096,382,800.84, a 9.74% increase from CNY 3,732,686,723.21 at the end of 2016[19] - The net assets attributable to shareholders at the end of 2017 were CNY 3,611,240,619.59, a 4.39% increase from CNY 3,459,242,456.37 at the end of 2016[19] - The company reported a net cash flow from operating activities of CNY -159,798,704.68, an improvement of 17.51% from CNY -193,725,621.69 in 2016[19] - The weighted average return on net assets for 2017 was 3.47%, a decrease of 0.42% from 3.89% in 2016[19] Revenue and Profit Growth - Total revenue for the fourth quarter reached ¥315,127,623.61, marking a significant increase compared to previous quarters[23] - Net profit attributable to shareholders for the fourth quarter was ¥46,484,792.69, reflecting strong performance in the reporting period[23] - The company achieved over ¥2 billion in total output value from multiple satellite projects, with ¥50 million generated in 2017 alone[32] - The embedded real-time information processing business generated revenue of 243.86 million yuan, accounting for 31.79% of total revenue, with a growth of 24.64%[51] - The storage products segment saw a significant increase in revenue to 164.80 million yuan, up 569.03% year-on-year[52] Research and Development - The company has undergone significant business transformation, focusing on military electronic information industries since 2015[16] - The company has received over 100 million yuan in funding for 22 major national scientific research projects, indicating robust R&D investment[41] - The company has established a high-quality R&D team of over 700 members, with more than 40% holding doctoral or master's degrees[44] - The company’s SSD control chip was successfully developed and applied in military electronic disks, marking a significant milestone in its product offerings[38] - The company has developed high-precision positioning systems for agricultural applications, which have begun small-scale delivery to the market[33] Cash Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.30 per 10 shares to all shareholders[5] - The company distributed cash dividends of RMB 33,076,384.02 for the year 2017, which represents 26.99% of the net profit attributable to shareholders[109] - The total distributable profit for the year 2017 is RMB 503,415,604.00, with cash dividends constituting 100% of the profit distribution[109] - The cash dividend distribution for 2017 is subject to approval at the company's annual general meeting[109] - The company has maintained a consistent cash dividend distribution strategy over the past three years[109] Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure to protect the rights of shareholders and creditors[152] - The company emphasizes employee rights and has implemented OHSAS18001 certification for occupational health and safety management[153] - The company adheres to environmental protection standards and has implemented ISO14001 environmental management system[155] - The company has committed to avoiding and reducing related party transactions with controlled or influenced enterprises, ensuring transactions with independent third parties are conducted fairly[114] - The company has established a lock-up period for shares acquired through a directed issuance, lasting 36 months from the completion date of the issuance[112] Strategic Initiatives and Market Position - The company aims to integrate resources and strengthen its main business while expanding both military and civilian markets[93] - The company plans to become an industry leader by promoting military-civilian integration and mutual development[93] - The company intends to expand its geographical presence to reduce costs and improve production efficiency, with plans to enhance R&D bases in multiple cities[96] - The company aims to leverage the Beidou navigation system in international markets, particularly in strategic development areas[96] - The company is focused on maintaining transparency and legality in its governance practices regarding related party transactions[114] Acquisitions and Investments - The company completed the acquisition of 100% equity in Xi'an Qingshi and 18.16% equity in Bohai Chuangye, enhancing its asset portfolio[39] - The company intends to acquire 100% equity of Changshu Beili New Materials Technology Co., Ltd. from Beijing Institute of Technology Science Park and Changshu High-tech Venture Capital for cash[161] - The company plans to acquire 51.16% equity of Bohai Chuangye through a cash transaction of RMB 127.9 million, which includes acquiring 100% equity of Xi'an Qingshi and 18.16% equity of Bohai Chuangye[163] Shareholder Structure and Management Changes - The company has no controlling shareholder, with shareholding dispersed and no single shareholder holding over 50%[181] - The company has appointed new deputy general managers as of March 8, 2017, indicating a shift in management structure[192] - The company’s board of directors has seen a resignation, with Mr. Tan Naicheng stepping down for personal reasons on December 22, 2017[192] - The company has a board of directors consisting of 8 members, including 3 independent directors[193] - The current chairman, Dai Bin, holds multiple positions in various subsidiaries and organizations related to the company[193]