Financial Performance - The company reported a total revenue of 2,304,448,671 RMB for the year 2021, with a cash dividend distribution of 1.50 RMB per 10 shares to all shareholders[2]. - The company's operating revenue for 2021 was ¥5,474,145,059.01, representing a 6.87% increase from ¥5,122,064,843.56 in 2020[12]. - The net profit attributable to shareholders for 2021 was ¥653,611,516.70, an increase of 11.61% compared to ¥585,623,751.25 in 2020[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥564,012,716.45, up 22.83% from ¥459,178,755.31 in 2020[12]. - The total operating revenue for 2021 was ¥5,474,145,059.01, representing a year-on-year increase of 6.87% compared to ¥5,122,064,843.56 in 2020[44]. - The total cash dividend for 2021 amounted to approximately ¥345.67 million, representing 100% of the total profit distribution[145]. - The cash dividend per 10 shares is set at ¥1.50 (before tax), based on a total share capital of 2,304,448,671 shares[145]. Market Expansion and Strategy - The company plans to expand its market presence and enhance its product offerings, focusing on new technologies and innovations in communication solutions[3]. - The company is positioned as a leader in the wireless communication and satellite navigation sectors, with significant market opportunities in military communication and satellite internet[19]. - The company plans to expand its product offerings in emergency communication systems, integrating various communication technologies and AI[19]. - The company is focusing on the militarization of AI technology and expanding into new fields such as satellite internet and integrated navigation systems[31]. - The company is actively pursuing capital market opportunities to enhance its overall competitiveness through a dual-driven strategy of "industry + capital"[40]. - The company is focusing on military intelligence development and AI technology for military applications, positioning itself for new growth opportunities in unmanned systems and intelligent core components[87]. Research and Development - The company maintained a high R&D investment ratio, with R&D expenses accounting for approximately 15% of operating revenue[29]. - The company has been recognized as a key software enterprise in China for 17 consecutive years and has received multiple national awards for its technological innovations[29]. - The company is actively involved in research and development, with a dedicated team led by experienced engineers and managers[123]. - Research and development expenses amounted to 798,420,118.47 CNY, representing a 15.40% increase year-over-year[55]. - The number of R&D personnel increased to 2,130, a growth of 0.90% from 2020[55]. Governance and Management - The company maintains a strong governance structure with all board members present for the report's approval, ensuring accountability and transparency[2]. - The company has established independent decision-making and supervisory bodies, ensuring no interference from shareholders in daily operations[113]. - The company has a clear asset ownership structure, with all assets related to its main business independently controlled[112]. - The company has a competitive salary management system that aligns employee income with company and individual performance[141]. - The company has established a transparent performance evaluation and incentive mechanism for its directors and senior management, enhancing operational efficiency[106]. Risk Management - The company has outlined potential risks in its future development outlook, emphasizing the importance of risk management strategies[2]. - The company emphasizes the importance of investor awareness regarding potential risks associated with its future plans[2]. - The company has not reported any changes in its main business operations or major shareholders since its listing, indicating stability[10]. Subsidiaries and Investments - The company has established a new wholly-owned subsidiary, Guangzhou Haige Jingwei Information Industry Co., Ltd., during the reporting period[49]. - The company is investing in the establishment of a wholly-owned subsidiary, Guangzhou Haige Jingwei Information Industry Co., Ltd., to consolidate resources in the Beidou navigation field and optimize resource allocation[37]. - The company has approved an investment of 50 million yuan to establish a wholly-owned subsidiary focused on the Beidou industry[178]. - The company plans to spin off its subsidiary, Xi'an Chida Aircraft Parts Manufacturing Co., Ltd., for listing on the Shenzhen Stock Exchange, maintaining its controlling stake post-separation[183]. Shareholder Relations - The company has implemented measures to protect the rights of shareholders and stakeholders, balancing interests among various parties[106]. - The company has disclosed its financial performance indicators and the reasons for changes, particularly in the Beidou business progress[100]. - The company has a total of 52,484,470 shares held by its directors and senior management, with no changes in shareholding during the reporting period[118]. Compliance and Internal Controls - The internal control system is established in accordance with relevant laws and regulations, ensuring effective governance and operational management[148]. - The company has maintained effective internal controls over significant aspects such as cash management, cost management, and quality management[148]. - The company reported zero significant defects in financial reporting and internal controls for the year 2021[155]. Future Outlook - The company has provided guidance for the next fiscal year, projecting a revenue target of 1.8 billion yuan, which would represent a 20% increase[127]. - Future outlook remains positive, with management expressing confidence in achieving the set financial targets for the upcoming year[127].

Financial Performance - The company's revenue for Q3 2021 was CNY 1,114,958,127.93, representing an increase of 11.64% year-over-year, while the year-to-date revenue reached CNY 3,556,357,321.88, up 14.64% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2021 was CNY 107,437,721.40, a decrease of 8.24% year-over-year, with year-to-date net profit at CNY 382,146,396.28, an increase of 15.56%[3]. - Total operating revenue for Q3 2021 reached ¥3,556,357,321.88, an increase of 14.6% compared to ¥3,102,325,072.84 in Q3 2020[14]. - Net profit for Q3 2021 was ¥400,348,015.15, representing a 19.7% increase from ¥334,480,750.76 in Q3 2020[16]. - Basic and diluted earnings per share increased to ¥0.1658 from ¥0.1435, representing a growth of 15.9%[17]. Research and Development - The company reported a significant increase in R&D expenses, totaling CNY 629,253,877.09 for the first nine months of 2021, which is a 30.10% increase compared to the same period last year, focusing on innovations in unmanned systems and Beidou technology[7]. - Research and development expenses increased to ¥629,253,877.09 in Q3 2021, up from ¥483,673,109.89 in Q3 2020, marking a rise of 30.2%[16]. - The company plans to invest approximately ¥1.3 billion in the construction of the Haige Tian Shu R&D Center to expand its research and production facilities[10]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was CNY -326,738,223.66, reflecting a decrease of 267.12% compared to the previous year, primarily due to increased payments for materials[7]. - The net cash flow from operating activities was negative at -¥326,738,223.66, a decline from a positive cash flow of ¥195,515,592.87 in the previous period[19]. - Cash received from sales of goods and services amounted to ¥2,898,924,898.69, up from ¥2,604,202,784.67 in the previous period, reflecting a growth of 11.3%[18]. - The total cash and cash equivalents at the end of the period were ¥1,566,236,696.89, compared to ¥1,034,335,320.07 in the previous period, indicating a growth of 51.5%[20]. - The cash flow from financing activities showed a net outflow of -¥467,774,592.34, worsening from -¥242,367,063.94 in the previous period[19]. Assets and Liabilities - Total assets as of Q3 2021 amounted to CNY 14,538,060,891.66, representing a 3.61% increase from the end of the previous year[3]. - The company's total assets as of September 30, 2021, amounted to ¥14,538,060,891.66, compared to ¥14,031,336,408.36 at the end of 2020, indicating a growth of 3.6%[14]. - Total liabilities rose to ¥3,930,015,435.83, compared to ¥3,549,471,679.38 in the previous period, reflecting an increase of 10.7%[14]. - The company's total liabilities increased from CNY 3,549,471,679.38 to CNY 3,575,714,309.51, a rise of CNY 26,242,630.13[23]. - Non-current liabilities decreased to ¥665,661,384.89 from ¥691,492,676.31, a reduction of 3.7%[14]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 137,948, with the largest shareholder, Guangzhou Radio Group Co., Ltd., holding 26.02% of shares, equating to 599,732,162 shares[8]. - The company has a total of 10 major shareholders, with the top 10 holding a combined percentage of shares that reflects significant institutional and individual investment[9]. Investments - The company’s long-term equity investments rose by 176.35% to CNY 259,876,244.75, primarily due to the acquisition of a stake in Changsha Haige[6]. - The company has increased its long-term equity investments to approximately ¥259.88 million, up from ¥94.04 million at the end of 2020, indicating a strategic focus on long-term growth[12]. - The company has increased its investment in its wholly-owned subsidiary, Beijing Haige Shenzhou Communication Technology Co., Ltd., by ¥38 million to enhance talent acquisition and market expansion efforts[11]. Other Financial Metrics - The company's inventory as of September 30, 2021, is approximately ¥2.17 billion, an increase from ¥1.87 billion at the end of 2020, indicating a growth of about 16.5%[12]. - The company reported a total of CNY 1,215,126,539.47 in goodwill as of January 1, 2021[22]. - The company has implemented new leasing standards, affecting the financial statements[24]. - The report for the third quarter was not audited[24].

Financial Performance - The company's operating revenue for the reporting period was ¥2,441,399,193.95, representing a 16.06% increase compared to ¥2,103,610,017.50 in the same period last year[11]. - The net profit attributable to shareholders of the listed company was ¥274,708,674.88, an increase of 28.61% from ¥213,605,619.41 in the previous year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥226,208,018.78, reflecting a significant increase of 55.78% compared to ¥145,212,452.76 in the same period last year[11]. - The basic earnings per share increased to ¥0.12, up 33.33% from ¥0.09 in the previous year[11]. - The diluted earnings per share also stood at ¥0.12, marking a 33.33% increase from ¥0.09 in the previous year[11]. - The weighted average return on net assets was 2.74%, an increase of 0.53% from 2.21% in the previous year[11]. - The company achieved a revenue of 244,140 million CNY, representing a year-on-year growth of 16.06%[28]. - The net profit attributable to shareholders reached 27,471 million CNY, with a year-on-year increase of 28.61%[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 22,621 million CNY, reflecting a growth of 55.78% year-on-year[28]. Cash Flow and Investments - The net cash flow from operating activities was negative at -¥209,446,783.10, a decline of 665.18% compared to -¥27,372,188.06 in the same period last year[11]. - The net cash flow from investing activities improved to ¥956,598,854.76, a 255.47% increase from -¥615,301,166.26, attributed to the maturity of financial products[40]. - The company reported a net increase in cash and cash equivalents of ¥404,047,792.43, a 159.03% improvement from -¥684,528,571.66[40]. - The total investment amount for the reporting period was ¥2,175,967,835.28, a decrease of 21.13% compared to the same period last year[46]. - The company made significant equity investments totaling ¥138,262,730.00, including a 11.50% stake in Changsha Haige for ¥78,262,730.00 and a 27.05% stake in Huaxin Tai for ¥60,000,000.00[47]. Business Operations and Market Position - The company is a leading provider in the wireless communication sector, with a comprehensive range of products including shortwave, ultra-shortwave, and satellite communication systems, and has achieved significant recognition in the market[15]. - In the Beidou navigation sector, the company has established a full industry chain layout and has developed high-precision, high-dynamic, and anti-jamming technologies, securing major orders in advanced weapon platforms[17]. - The company has made significant strides in the aviation and aerospace sector, successfully obtaining contracts for flight simulators and expanding its market presence in civil aviation communication and navigation equipment[19]. - The software and information services division has expanded its reach across over 20 provinces, leveraging opportunities in 5G and AI technologies to provide integrated solutions for various industries[20]. - The company is actively pursuing AI technology militarization, focusing on unmanned systems and intelligent protection, and has signed contracts for initial research projects in this area[21]. - The company has achieved a historical high in new contract amounts in the civil aviation market, indicating a strengthening competitive position[19]. - The company is participating in the national satellite internet project, enhancing its positioning in the satellite communication field[16]. - The company has developed a high-precision positioning network covering major urban areas, which supports the large-scale application of Beidou technology[17]. - The company’s subsidiary, Chida Aircraft, is a key supplier for major international and domestic aircraft manufacturers and is pursuing a separate listing for further growth[19]. Research and Development - The average R&D investment over the past three years accounted for 15% of operating revenue, emphasizing the company's commitment to innovation[22]. - Research and development expenses rose significantly by 35.10% to ¥413,336,997.63, compared to ¥305,959,027.22 in the previous year[40]. Shareholder and Dividend Information - The company plans not to distribute cash dividends or issue bonus shares[2]. - The company has implemented 11 cash dividend plans since its listing in 2010, with a cumulative cash dividend of approximately 2.3 billion CNY and an average dividend payout ratio of 53%[27]. - The company did not distribute cash dividends or issue new shares during the reporting period[59]. Regulatory and Compliance - The semi-annual financial report was not audited[62]. - There were no significant litigation or arbitration matters during the reporting period[63]. - The company is not classified as a key pollutant discharge unit and did not face any administrative penalties for environmental issues during the reporting period[60]. - No commitments were unfulfilled by the actual controller, shareholders, related parties, acquirers, and other related parties during the reporting period[62]. - There were no non-operating fund occupations by controlling shareholders and other related parties during the reporting period[62]. Related Party Transactions - The company engaged in related transactions with a total amount of 1,657.98 million CNY for procurement from Guangdian Intelligent, accounting for 1.24% of similar transaction amounts[64]. - The company also engaged in related transactions with Guangdian City for property services amounting to 695.72 million CNY, which accounted for 98.05% of similar transaction amounts[64]. - The company reported a related transaction amount of 378.27 million CNY for procurement from Changsha Haige, representing 0.28% of similar transaction amounts[64]. - The company had a related transaction amount of 79.43 million CNY for testing and experimental services from Guangdian Measurement, accounting for 6.81% of similar transaction amounts[64]. Future Outlook and Strategic Initiatives - The company is actively pursuing market expansion and strategic acquisitions to strengthen its core business areas[76]. - The company’s future outlook includes continued investment in core technologies related to its main business[79]. - The company is constructing the Haige Tianshu R&D Center, covering an area of approximately 70,000 square meters, to support its high-quality development and innovation strategy[36]. - The company is pursuing capital operations, including the planned spin-off of its subsidiary, Chida Aircraft, for listing on the Growth Enterprise Market, which is expected to enhance its financing channels and competitive strength[34]. Financial Position and Assets - The total assets at the end of the reporting period were ¥14,425,361,803.94, which is a 2.81% increase from ¥14,031,336,408.36 at the end of the previous year[11]. - The company's cash and cash equivalents at the end of the reporting period amounted to ¥2,502,537,150.96, representing 17.35% of total assets[43]. - The company's total liabilities at the end of the reporting period are CNY 1,000,000,000, which is a significant increase compared to the previous period, reflecting ongoing investments and operational expansions[102]. - The total current assets amounted to CNY 8,992,019,519.74, an increase from CNY 8,769,796,031.69 as of December 31, 2020, reflecting a growth of approximately 2.54%[93]. - The company's inventory increased to CNY 2,132,216,193.15 from CNY 1,865,000,410.19, representing a growth of approximately 14.32%[93]. Accounting Policies and Standards - The financial statements have been prepared based on the going concern assumption[107]. - The financial report was approved by the board of directors on August 19, 2021[106]. - The financial statements comply with the accounting standards set by the Ministry of Finance, accurately reflecting the company's financial position as of June 30, 2021, and the operating results and cash flows for the first half of 2021[109]. - The company recognizes revenue when control of goods or services is transferred to the customer, which is when the customer can direct the use and obtain almost all economic benefits[163].

Financial Performance - The company's operating revenue for Q1 2021 was ¥872,348,845.68, representing an increase of 11.04% compared to ¥785,608,329.30 in the same period last year[3] - Net profit attributable to shareholders was ¥48,303,858.38, a significant increase of 53.28% from ¥31,512,567.48 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥10,276,330.74, a turnaround from a loss of ¥15,796,651.57 in the previous year, marking a 165.05% improvement[3] - The basic earnings per share increased to ¥0.02, doubling from ¥0.01 in the same period last year[3] - The weighted average return on equity rose to 0.49%, up from 0.33% year-on-year, reflecting a 0.16% increase[3] - Total operating revenue for Q1 2021 reached ¥872,348,845.68, an increase of 11.03% compared to ¥785,608,329.30 in Q1 2020[34] - The company's total profit for Q1 2021 was CNY 54,366,157.51, up from CNY 28,708,938.58 in the same period last year, indicating a growth of approximately 89.5%[36] - The basic and diluted earnings per share for Q1 2021 were both CNY 0.02, compared to CNY 0.01 in the same period last year, showing a 100% increase[37] Assets and Liabilities - Total assets at the end of the reporting period were ¥14,176,256,907.31, a 1.03% increase from ¥14,031,336,408.36 at the end of the previous year[3] - The total liabilities of the company were CNY 3.65 billion, up from CNY 3.55 billion, representing an increase of about 2.7%[29] - The total assets of the company reached ¥11,722,434,883.98 as of March 31, 2021, showing a marginal increase from ¥11,691,159,820.24 at the end of 2020[33] - The total current assets as of March 31, 2021, were ¥5,774,061,737.77, a slight increase of 2.82% from ¥5,615,702,702.88 at the end of 2020[31] - The non-current assets totaled CNY 5.31 billion, an increase from CNY 5.26 billion, reflecting a growth of approximately 1.0%[28] Cash Flow - The company reported a net cash flow from operating activities of -¥103,404,170.10, an improvement of 39.64% compared to -¥171,313,462.67 in the previous year[3] - The cash flow from operating activities was CNY 1,086,782,678.66, significantly higher than CNY 761,438,885.32 in the previous year, indicating a growth of approximately 42.7%[41] - The total cash inflow from operating activities was CNY 1,135,167,310.74, an increase from CNY 814,679,582.53 in the previous period, representing a growth of approximately 39.3%[42] - The net cash flow from investment activities was CNY 603,871,188.83, a turnaround from -CNY 498,896,760.19 in the previous period[42] - The cash and cash equivalents at the end of the period amounted to CNY 2,544,398,278.71, up from CNY 1,202,639,524.26 in the previous period, indicating a significant increase[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 150,957, with the top ten shareholders holding a significant portion of the shares[6] - The equity attributable to shareholders of the parent company was CNY 9.98 billion, compared to CNY 9.93 billion, showing a growth of approximately 0.5%[30] Investments and Contracts - The company signed contracts worth approximately ¥339 million for wireless communication and navigation products[14] - The company plans to increase its stake in Huaxintai by ¥60 million, acquiring 27.0498% equity[14] - The company’s subsidiary was selected as a candidate for a procurement project worth ¥1.12 billion over three years[14] - The company plans to invest CNY 49.5 million, accounting for 9.90% of a new investment fund with a total size of CNY 500 million[15] - A special institutional client contract was signed for wireless communication and Beidou navigation products, with a total contract amount of approximately CNY 312 million[15] Research and Development - Research and development expenses for Q1 2021 amounted to ¥180,533,349.96, which is a 25.9% increase from ¥143,434,721.24 in Q1 2020[35] - Research and development expenses amounted to CNY 114,426,507.59, an increase from CNY 88,456,629.66 in the previous year, reflecting a rise of about 29.4%[38]

Financial Performance - The company's operating revenue for 2020 was CNY 5,122,064,843.56, representing an increase of 11.18% compared to 2019 [14]. - Net profit attributable to shareholders for 2020 was CNY 585,623,751.25, up 12.73% from the previous year [14]. - The net profit after deducting non-recurring gains and losses was CNY 459,178,755.31, reflecting a significant increase of 30.92% year-on-year [14]. - The net cash flow from operating activities surged by 510.88% to CNY 1,444,459,402.24 in 2020 [14]. - The total assets at the end of 2020 reached CNY 14,031,336,408.36, a growth of 7.30% compared to the end of 2019 [14]. - The company achieved a revenue of 512,206 million with a year-on-year growth of 11.2% and a net profit attributable to shareholders of 58,562 million, up 12.7% [34]. - The net profit excluding non-recurring gains and losses reached 45,918 million, reflecting a significant growth of 30.9% year-on-year [34]. - The company reported a total revenue of 10,262.85 million CNY, with a significant increase in rental income from various subsidiaries [122]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a growth of 20% compared to the previous year [171]. Dividend Policy - The company plans to distribute a cash dividend of 1.32 RMB per 10 shares to all shareholders, based on a total of 2,304,448,671 shares [3]. - The cash dividend policy states that at least 10% of the distributable profit should be distributed in cash each year, with a cumulative distribution of at least 30% over any three consecutive years [102]. - The company reported a net profit of 585,623,751.25 CNY for 2020, with the cash dividend amounting to 51.94% of this profit [104]. - The company distributed a cash dividend of 1.32 CNY per 10 shares, totaling 304,187,224.57 CNY, which represents 100% of the distributable profit [106]. - The company has committed to a minimum cash dividend ratio of 40% during profit distribution due to significant capital expenditure plans [106]. Business Development and Strategy - The company has outlined potential risks in its future development outlook and corresponding countermeasures for investors to consider [3]. - The company is actively participating in the development of satellite internet projects, enhancing its presence in the satellite communication sector [20]. - The company has established a comprehensive layout in the Beidou navigation field, focusing on the integration of Beidou and 5G technologies [21]. - The company aims to expand applications of Beidou spatial-temporal big data in smart city projects, targeting sectors like smart transportation and emergency services [21]. - The company is actively pursuing new business areas such as intelligent unmanned systems and satellite internet, aiming to capture emerging market opportunities [29]. - The company has outlined its future business development plans, focusing on opportunities and challenges in the Beidou and satellite internet sectors [101]. - The company aims to enhance its market presence through the development of multi-mode intelligent terminals and high-precision positioning services [101]. - The company plans to enhance its market presence by targeting new projects and customers, particularly in high-precision and anti-jamming chip applications [89]. Research and Development - The company achieved a 15% average R&D investment ratio over the past three years, emphasizing its commitment to innovation and technology development [28]. - The company’s R&D expenses for 2020 amounted to approximately 691.88 million yuan, a 2.08% increase from the previous year, representing 13.51% of operating revenue [52][54]. - Investment in R&D increased by 30%, focusing on the development of new technologies in satellite communication and data services [171]. - The company is investing in new technology development, allocating 200 million yuan towards R&D initiatives [175]. Market Presence and Expansion - In 2020, the company expanded its customer base to major international airports, including Urumqi and Nanchang, and won international bids in Mozambique and other Belt and Road countries, indicating a growing international market presence [23]. - The company aims to strengthen its position in the wireless communication and navigation sectors by focusing on core technology accumulation and expanding into new technical fields [85]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years [171]. - A new partnership with a leading telecom operator was established, expected to drive additional revenue streams and enhance service offerings [171]. Financial Management and Investments - The company has established a multi-layered investment and financing platform to enhance its sustainable R&D capabilities in wireless communication and navigation sectors [29]. - The total investment amount for the reporting period was 6,193,091,895.11 yuan, representing a 41.33% increase compared to the previous year's investment of 4,381,867,965.22 yuan [63]. - The company has made strategic adjustments to improve the efficiency of fund usage in response to the current macroeconomic environment [76]. - The company plans to utilize up to 2.5 billion RMB of idle funds for low-risk short-term financial products to improve capital efficiency [137]. Corporate Governance - The company emphasizes the importance of accurate financial reporting and has confirmed that all board members attended the meeting to review the annual report [3]. - The governance structure of the company has been strengthened, ensuring compliance with relevant laws and regulations to protect investor interests [187]. - The company strictly adheres to legal regulations for shareholder meetings, ensuring equal treatment of all shareholders and maintaining the legality of the meeting procedures [188]. - The board of directors operates in compliance with laws and regulations, ensuring effective decision-making and participation from all board members, particularly independent directors [189]. Employee Management - The total number of employees in the company is 7,698, with 1,832 in the parent company and 5,866 in major subsidiaries [179]. - The professional composition includes 4,855 production personnel, 231 sales personnel, and 2,111 technical personnel [179]. - The company has established a competitive and flexible compensation management system based on performance management principles [182]. - The company achieved a 100% completion rate for its training programs in 2020, with significant online training due to the pandemic [183]. Risk Management - The company has outlined potential risks in its future development outlook and corresponding countermeasures for investors to consider [3]. - The company is exploring new business models to seize market opportunities while managing the risks associated with the pandemic [97]. - The company is focusing on enhancing its core technology system and improving cost control to maintain competitiveness in a challenging market environment [96].

Financial Performance - Operating revenue for the period reached ¥998,715,055.34, representing a year-on-year increase of 14.81%[3] - Net profit attributable to shareholders increased by 32.74% to ¥117,079,620.15 compared to the same period last year[3] - Net profit after deducting non-recurring gains and losses surged by 198.05% to ¥86,793,846.83[3] - Basic earnings per share rose by 66.67% to ¥0.05[3] - Net profit for Q3 2020 was ¥121,891,488.85, representing a 32.6% increase from ¥91,942,442.99 in the previous year[34] - The total profit for the quarter was CNY 92,003,837.12, up from CNY 76,505,553.27, reflecting a growth of approximately 20.23%[37] - The net profit for the third quarter reached CNY 90,057,785.24, compared to CNY 74,207,739.06 in the previous year, marking an increase of about 21.39%[38] - The total comprehensive income for the period was approximately CNY 745.76 million, compared to CNY 359.86 million in the same quarter last year, reflecting a growth of 106.7%[45] Cash Flow - Net cash flow from operating activities increased significantly by 2,943.83% to ¥222,887,780.93[3] - Operating cash flow net amount increased by 146.63% to ¥195,515,592.87 from a negative cash flow of ¥419,305,749.25, driven by increased cash collection from sales[12] - The net cash flow from operating activities for Q3 2020 was ¥170,744,433.05, a significant improvement compared to a net outflow of ¥280,835,728.71 in the same period last year[49] - Cash inflow from operating activities totaled approximately CNY 2.90 billion, compared to CNY 2.63 billion in the previous year, marking an increase of 10.4%[47] - The net cash flow from financing activities was negative CNY 242.37 million, worsening from a negative CNY 73.76 million in the previous year[48] Assets and Liabilities - Total assets increased by 2.06% to ¥13,346,320,280.52 compared to the end of the previous year[3] - Cash and cash equivalents decreased by 44.11% to ¥1,087,382,037.30 from ¥1,945,508,833.91 due to the purchase of financial products and payment for materials[11] - The company's total liabilities increased to ¥2,070,736,904.88 from ¥1,723,394,601.12, marking a growth of 20.2% year-over-year[33] - The total liabilities of the company amounted to ¥3,034,294,460.99, remaining stable compared to the previous year[54] - The company's total liabilities stood at CNY 1,723,394,601.12, with current liabilities totaling CNY 1,231,053,740.62[58] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 155,851[6] - The largest shareholder, Guangzhou Radio Group, holds 26.02% of the shares, totaling 599,732,162 shares[6] Investments and Projects - The company has invested RMB 51,743,800.00 in the "Yosheng Aviation Parts Production and Assembly Base Construction Project," achieving 66.39% progress as of September 30, 2020[18] - The company signed contracts with special institutional clients totaling approximately ¥4.1 billion, indicating ongoing market expansion efforts[13] Revenue Recognition and Standards - The company reported a total of CNY 273,946,410.75 in deferred income, indicating future revenue recognition[58] - The report indicates the implementation of new revenue and leasing standards starting in 2020[59] Research and Development - Research and development expenses for the quarter were ¥177,714,082.67, an increase of 10.5% compared to ¥161,275,379.88 in the previous year[33] - Research and development expenses increased to approximately CNY 319.94 million, representing an increase of 11.1% compared to CNY 287.98 million in the previous year[44]

Financial Performance - The company's operating revenue for the reporting period was ¥2,103,610,017.50, representing a 6.48% increase compared to ¥1,975,543,170.47 in the same period last year[11]. - The net profit attributable to shareholders of the listed company was ¥213,605,619.41, a decrease of 4.16% from ¥222,871,830.79 in the previous year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥145,212,452.76, which is a 2.77% increase from ¥141,301,283.70 in the same period last year[11]. - The net cash flow from operating activities improved significantly to -¥27,372,188.06, a 93.35% increase compared to -¥411,468,146.07 in the previous year[11]. - Basic earnings per share were ¥0.09, down 10.00% from ¥0.10 in the same period last year[11]. - Diluted earnings per share were also ¥0.09, reflecting a 10.00% decrease compared to ¥0.10 in the previous year[11]. - The weighted average return on equity was 2.21%, a decrease of 0.42% from 2.63% in the same period last year[11]. Assets and Liabilities - The total assets at the end of the reporting period were ¥13,159,512,055.39, reflecting a 0.63% increase from ¥13,076,696,684.82 at the end of the previous year[11]. - The net assets attributable to shareholders of the listed company decreased by 0.80% to ¥9,517,462,249.22 from ¥9,594,581,686.01 at the end of the previous year[11]. - The company's total liabilities increased to CNY 3,188,234,351.65 from CNY 3,034,294,460.99, reflecting an increase of about 5.1%[117]. - The total current liabilities increased to CNY 2,453,942,884.95, up from CNY 2,265,599,800.08, indicating an increase of about 8.3%[117]. Investment and R&D - The company has maintained a high R&D investment, averaging 16% of operating revenue over the past three years, to strengthen its core technology and competitive advantage[26]. - The company reported a total investment income of ¥68,393,166.65 for the first half of 2020, with non-operating income and expenses amounting to ¥12,422,046.22[14]. - The company’s R&D investment decreased by 5.40% to ¥308,016,718.62 from ¥325,602,042.61 year-on-year[36]. - The company is actively exploring new fields such as intelligent unmanned systems and satellite internet systems to capture development opportunities[27]. Market Position and Products - The company is a leading provider in the wireless communication and navigation sectors, covering four main areas: wireless communication, Beidou navigation, aerospace, and software and information services[15]. - The company has developed a full range of Beidou navigation products, including chips, modules, antennas, terminals, systems, and operations, positioning itself as a leader in the industry[18]. - The company is actively expanding its civil market for Beidou products, launching a series of smart wearable devices and industry application terminals[20]. - The company has successfully developed a high-tech product for epidemic prevention using Beidou positioning technology, which is currently operational within its own workforce[21]. Financial Management and Shareholder Information - The company plans not to distribute cash dividends or bonus shares, nor to increase capital using reserves[3]. - The company has implemented a stable profit distribution policy, with a cumulative cash dividend of CNY 203,926.68 million since its listing, achieving an average dividend payout ratio of 53%[31]. - The company’s actual controller and major shareholders have committed to not transferring shares obtained from the recent transaction for 12 months[68]. - The total number of ordinary shareholders at the end of the reporting period was 138,631, with the largest shareholder, Guangzhou Radio Group Co., Ltd., holding 26.02% of shares, equating to 599,732,162 shares[103]. Challenges and Strategic Focus - The company is facing challenges due to a sluggish domestic economy and increased competition, prompting a focus on cost control and operational efficiency[62]. - The company aims to enhance its core technology system and improve its ability to provide comprehensive solutions to users, focusing on market-driven research and development[63]. - The company has established a strategic focus on core businesses while divesting non-core assets, including the planned transfer of a 40% stake in a subsidiary[34]. Compliance and Governance - The half-year financial report has not been audited[71]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[71]. - The company has no significant litigation or arbitration matters during the reporting period[72]. - The company’s financial statements comply with the accounting standards issued by the Ministry of Finance[149].

Financial Performance - The company's operating revenue for Q1 2020 was ¥785,608,329.30, representing a 4.07% increase compared to ¥754,874,739.75 in the same period last year[3]. - The net profit attributable to shareholders was ¥31,512,567.48, a 1.36% increase from ¥31,088,882.78 year-on-year[3]. - The basic earnings per share remained stable at ¥0.01, unchanged from the previous year[3]. - The company reported a 39.36% increase in other income to ¥46,039,064.23 from ¥33,035,871.70, mainly due to increased government subsidies[12]. - The company's net profit for the current period is CNY 21,356,507.16, compared to CNY 23,480,735.02 in the previous period, reflecting a decrease of approximately 9.05%[33]. - The total operating revenue for the current period is CNY 280,237,048.52, an increase of 47.03% from CNY 190,638,734.38 in the previous period[34]. - The operating profit for the current period is CNY 200,612,618.73, up from CNY 174,652,704.27, indicating a growth of about 14.87%[34]. Cash Flow - The net cash flow from operating activities improved by 33.82%, reaching -¥171,313,462.67 compared to -¥258,865,175.97 in the previous year[3]. - The net cash inflow from operating activities is CNY 814,679,582.53, compared to CNY 1,009,161,925.20 in the previous period, showing a decrease of approximately 19.3%[36]. - The net cash flow from investment activities was -498,896,760.19 CNY, worsening from -335,794,834.89 CNY in the previous period, representing a 48.6% increase in cash outflow[37]. - The cash inflow from operating activities was 310,573,674.78 CNY, up from 277,310,326.40 CNY in the previous period, showing an increase of 12.0%[39]. - The cash flow from investment activities showed a net outflow of -318,783,018.94 CNY, an improvement from -344,950,069.61 CNY in the previous period, indicating a 7.6% reduction in cash outflow[40]. Assets and Liabilities - The total assets at the end of the reporting period were ¥12,893,220,696.43, a decrease of 1.40% from ¥13,076,696,684.82 at the end of the previous year[3]. - The company's total current assets decreased to ¥7,681,795,288.44 from ¥7,865,903,413.05, reflecting a decline of about 2.3%[23]. - The company's total liabilities decreased to ¥2,834,361,965.44 from ¥3,034,294,460.99, showing a reduction of about 6.6%[25]. - The company's total liabilities to equity ratio stands at approximately 0.30, indicating a conservative leverage position[42]. - The company's total equity attributable to shareholders was CNY 8,758,113,409.04, an increase from CNY 8,556,173,138.99 at the end of 2019[29]. Investments and Subsidiaries - The subsidiary Guangdong Haige Yichuang Technology Co., Ltd. was selected as a candidate for a procurement project with China Mobile, with an expected total amount of ¥761,209,500[15]. - The company signed a framework contract with China Mobile for installation services, with a total amount of ¥467,103,800 excluding tax[15]. - The company has invested ¥213,305,000 in entrusted financial management, with an outstanding balance of ¥141,475,000[18]. - The company has shown a significant increase in investment income, reaching CNY 192,304,445.10, compared to CNY 186,684,164.85 in the previous period[34]. Government Subsidies and Financial Management - The company received government subsidies amounting to ¥47,276,837.12 during the reporting period[4]. - The company reported non-recurring gains and losses totaling ¥47,309,219.05 for the period[4]. - The company's financial expenses increased by 188.56% to ¥1,617,042.11 from -¥1,825,860.32, primarily due to reduced interest income[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 125,835[6]. - The company reported no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[20].

Financial Performance - The company's operating revenue for the year was ¥4,607,107,847.47, representing an increase of 11.20% compared to the previous year[13]. - The net profit attributable to shareholders was ¥519,471,172.10, reflecting a growth of 19.32% year-over-year[13]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥350,732,629.60, which is a 54.31% increase from the previous year[13]. - The basic earnings per share increased by 21.05% to ¥0.23[13]. - The total profit for the year was 59,930 million, an increase of 23.6% compared to the previous year[37]. - The company reported a net cash flow from operating activities of ¥236,453,969.57, a decrease of 62.41% compared to the previous year[58]. - The total assets at the end of the year amounted to ¥13,076,696,684.82, marking a 13.38% increase from the previous year[14]. - The net assets attributable to shareholders reached ¥9,594,581,686.01, up by 13.76% compared to the previous year[14]. - The company reported a total revenue of 1.5 billion yuan for the fiscal year 2019, representing a year-over-year increase of 10%[175]. - The gross margin for the year was reported at 35%, a slight increase from 33% in the previous year[172]. Dividend Policy - The company plans to distribute a cash dividend of 1.2 RMB per 10 shares to all shareholders, based on a total of 2,305,324,840 shares[2]. - The company plans to distribute a cash dividend of 1.2 yuan per 10 shares for the fiscal year 2019, totaling 276,638,980.80 yuan, which represents 53.25% of the net profit attributable to ordinary shareholders[106]. - The cash dividend policy stipulates that at least 10% of the distributable profit must be distributed in cash each year, with a cumulative distribution of at least 30% over any three consecutive years[103]. Research and Development - The company has maintained an average of 16% of its revenue invested in R&D over the past three years, emphasizing sustainable innovation and maintaining a leading technological advantage in the industry[31]. - Research and development expenses amounted to ¥681,402,269.47, representing 14.79% of operating revenue[57]. - The company applied for 121 patents and received 115 authorizations during the reporting period, indicating a strong focus on innovation[56]. - R&D expenses accounted for 15% of total revenue in 2019, emphasizing the company's commitment to innovation[175]. Strategic Initiatives - The company is actively participating in the development of a new generation of integrated networks for air, space, ground, and sea, focusing on opportunities in wireless communication and multi-mode integration[22]. - The company has laid out a comprehensive strategy for the broadband satellite communication system, responding to national space development plans[22]. - The company is focusing on expanding into new fields such as intelligent unmanned systems and broadband satellite communication systems, aiming to consolidate its core advantages in wireless communication and Beidou navigation[32]. - The company is promoting the integration of "Beidou + 5G" technology, with a national-level demonstration application project in Nansha, Guangzhou, which has covered key industry sectors and accumulated a large amount of terminal data[26]. - The company is committed to driving business development through a dual engine of "industry + capital," focusing on emerging businesses like AI and satellite broadband[96]. Market Expansion - The company is actively expanding its market presence in the aerospace sector, securing contracts for civil flight simulators and communication systems for major airports[39]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share within the next three years[172]. - The company aims to strengthen its position in the wireless communication sector by expanding into self-organizing networks and wireless broadband/microwave technologies[91]. Financial Management - The company has explored new financing channels and optimized asset allocation by divesting non-core businesses, such as the 51% stake in Beijing Aierda[41]. - The company has established a rigorous management system for the raised funds to protect the rights of minority investors[70]. - The company has not engaged in any joint external investment related party transactions during the reporting period[127]. - The company has not reported any violations regarding external guarantees during the reporting period[132]. Corporate Governance - The company emphasizes social responsibility and aims to balance the interests of shareholders, employees, suppliers, and other stakeholders[186]. - The company has established a transparent performance evaluation and incentive mechanism for its directors and senior management to enhance operational efficiency[186]. - The company has a dedicated financial accounting department and internal audit team, ensuring independent financial management and compliance with tax regulations[189]. - The company has maintained independence from its controlling shareholders in business, personnel, assets, and financial aspects, ensuring autonomous operations and decision-making[188]. Risks and Challenges - The company faces risks from a sluggish macroeconomic environment and increasing competition, necessitating proactive financing and cost control measures[98][99]. - The company has assessed various aspects affecting business direction, including cash flow, financing, sales forecasts, marketing, and capital expenditures in response to the COVID-19 pandemic[100]. - The company has implemented a strict responsibility system for resuming work and production, ensuring a safe and orderly return to operations[100]. Shareholder Structure - The largest shareholder, Guangzhou Radio Group Co., Ltd., holds 26.02% of the shares, totaling 599,732,162 shares[155]. - The company reported a shareholding structure where the top 10 shareholders include major institutional investors such as New China Life Insurance and Hong Kong Central Clearing, with holdings of 73,713,336 shares and 56,612,415 shares respectively[157]. - The company has a total of 87,135,011 shares under executive lock-up, representing 3.78% of the total shares[154]. Employee Management - The total number of employees in the company is 8,317, with 1,852 in the parent company and 6,465 in major subsidiaries[180]. - The total remuneration for directors and senior management during the reporting period is 878.19 million yuan[179]. - The company has established a transparent salary structure that allows employees to understand their compensation clearly[181]. Investor Relations - The company has conducted multiple investor communications, including phone calls and on-site visits, to maintain transparency and engagement with stakeholders[101]. - The company has developed a multi-channel investor communication model, facilitating smooth interactions with investors through various platforms[187].

Financial Performance - Operating revenue for the reporting period reached ¥869,899,524.97, representing a 7.56% increase from ¥808,726,538.64 in the same period last year[4] - Net profit attributable to shareholders was ¥88,202,488.17, marking a 20.07% increase from ¥73,457,228.14 in the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥29,120,297.69, which is a 10.02% increase compared to ¥26,468,797.48 in the same period last year[4] - The weighted average return on net assets increased to 1.05%, up from 0.90% in the same period last year[4] - The basic earnings per share remained at ¥0.03, consistent with the previous year[4] Cash Flow and Liquidity - The net cash flow from operating activities was -¥7,837,603.18, showing a 21.61% improvement from -¥9,998,363.07 in the previous year[4] - Cash and cash equivalents decreased by 47.00% to ¥711,575,849.49 due to investments in financial products and payment for materials[14] - The company reported a significant decrease in cash received from sales of goods and services, totaling 534,568,289.77 yuan, down from 810,797,651.64 yuan in the previous period[48] - The company's cash outflow for purchasing goods and services was 377,751,479.07 yuan, an increase from 286,573,018.35 yuan in the previous period, indicating higher operational costs[48] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥11,562,070,753.39, reflecting a 0.27% increase compared to the adjusted total assets of ¥11,530,716,655.12 at the end of the previous year[4] - Total liabilities reached CNY 2,695,901,897.42, compared to CNY 2,675,493,825.56 in the previous year[28] - Current liabilities rose to CNY 2,164,799,332.86, compared to CNY 2,107,628,605.30 in the previous year[28] - Owner's equity totaled CNY 8,866,168,855.97, a slight increase from CNY 8,855,222,829.56[29] Changes in Accounting Policies - The company adjusted its accounting policy for revenue recognition from project completion to percentage of completion, impacting various financial statement items[5] - The company experienced a decrease in inventory by ¥99,857,120.47 and an increase in accounts receivable by ¥129,183,422.93 due to the accounting policy change[6] Non-Operating Income and Expenses - The company reported non-operating income of ¥140,652,737.57, which includes government subsidies and other income[7] - Investment income decreased by 48.36% to ¥33,540,858.47 due to a reduction in equity transfer income[15] - Financial expenses decreased by 152.34% to -¥3,958,066.41 as the parent company's financing scale reduced[15] Research and Development - Development expenditures increased by 2586.98% to ¥17,459,836.11 due to increased R&D investments by subsidiaries[14] - Research and development expenses for Q3 2019 were CNY 161,275,379.88, up from CNY 151,386,408.72, indicating an increase of 6.2%[34] Shareholder Information - Total number of common shareholders at the end of the reporting period was 110,553[10] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[11] Future Expectations - The net profit attributable to shareholders for 2019 is expected to increase by 15%-35% year-on-year[19]