Group 1: Company Overview - Haige Communication is a key member of the Guangzhou Radio Group, with a history dating back to 1956 and a focus on military and civilian communication technologies [1]. - The company has developed ten major product lines, including wireless communication, Beidou navigation, satellite communication, and radar detection [1]. Group 2: Research and Development - Since its listing, the average annual R&D investment has been over 10% of operating revenue [2]. - In the first half of 2015, the company's R&D investment reached approximately 220 million yuan, a year-on-year increase of 32.09% [3]. Group 3: Satellite Communication Business - Haige began developing satellite communication products in 2006 and has become a mainstream supplier for national defense satellite communication products [3]. - In the first half of 2015, revenue from satellite communication increased by 39%, with new contract orders rising by 70% [3]. Group 4: Future Growth Areas - The company anticipates steady growth in wireless communication and rapid growth in Beidou navigation, satellite communication, and digital cluster sectors [3]. - Haige plans to pursue mergers and acquisitions in electronic information fields, particularly in Beidou navigation and satellite communication, to enhance its core business and expand into new areas [3].

证券代码： 002465 证券简称： 海格通信 广州海格通信集团股份有限公司投资者关系活动记录表 编号：2015-020 号 | --- | --- | --- | |----------------|-----------------------------|------------------------------------------------------| | | | | | 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） | | 参与单位名称及 | 申万宏源：张建民、仇之煜 | | | 人员姓名 | 中银国际：吴彤 | | | 时间 | 2015-11-19 9:00-10:30 | | | 地点 | 产品展厅、公司会议室 | | | 上市公司接待人 | 财务总监、董事会秘书 谭伟明 | | | 员姓名 | 证券部经理 朱兆龙 | | | | 证券事务专员谢菲 | | | 投资者关系活动 | 一、交流环节 | | | | 1、公司 19 | 日公告了两 ...

Group 1: Business Overview - The company has nearly 60 years of history in military communication and navigation industries, forming a complete Beidou industry chain from antenna to system [2][3] - In 2014, the Beidou navigation business generated revenue of 360 million CNY, with a 72% year-on-year growth in the first half of 2015 [3] - The Beidou navigation business accounted for approximately 12% of total revenue in 2014, with 80% of that from defense applications [3] Group 2: Business Segments - The company operates in ten major business areas, including wireless communication, Beidou navigation, satellite communication, digital trunking, chip design, maritime electronics, simulation, radar detection, spectrum management, and information services [3][5] - The company has successfully entered the simulation business through the acquisition of 90% of MoJie Innovation, with expected net profits of 40 million, 50 million, and 60 million CNY for 2013, 2014, and 2015 respectively [4][5] Group 3: Market Position and Growth - The company has established a leading position in mobile communication services, with new contracts exceeding 1 billion CNY in the first half of 2015 [4] - The digital trunking business is expected to grow rapidly due to the increasing demand in specialized wireless communication markets [4][5] - Future growth is anticipated in wireless communication, Beidou navigation, satellite communication, and simulation sectors [5] Group 4: Corporate Governance and Reforms - The company has been at the forefront of state-owned enterprise reforms, implementing an employee stock ownership plan approved in July 2015, involving over 1,000 employees, accounting for about 20% of the total workforce [5] - The company plans to continue mergers and acquisitions focusing on military-civilian integration and high-end information services, particularly in Beidou navigation and satellite communication [5]

Group 1: Company Overview and Strategic Goals - The company, Guangzhou Haige Communication Group Co., Ltd., is focusing on the military communication industry, which has a promising development outlook [2] - The non-public offering aims to achieve strategic goals, leveraging national defense informatization and emerging industry policies [2] - The company has established a comprehensive strategic layout across ten business sectors, including wireless communication and satellite communication [2][3] Group 2: Non-Public Offering Details - The non-public offering includes up to 75 million shares, with the controlling shareholder subscribing to 45 million shares and employees subscribing to 26.45 million shares [1] - The offering price is set at 15.76 yuan per share, based on the average price over the 20 trading days prior to the board resolution [1] - The total fundraising amount is expected to reach 1.182 billion yuan, primarily for repaying bank loans and supplementing working capital [1] Group 3: Employee Stock Ownership Plan - The employee stock ownership plan is designed to motivate and incentivize employees, with over 1,000 employees participating, accounting for approximately 20% of the total workforce [3] - The plan aims to create a "community of destiny, interests, and responsibilities" among management, core employees, and the company [2][3] Group 4: Market Position and Industry Applications - Haige Communication is the only A-share listed company with a complete industrial chain in the Beidou navigation field, showcasing significant industry advantages [3] - The company has been actively involved in satellite communication since 2006, with substantial government support for its projects [4] - The digital cluster business is positioned for growth, with applications in both military and civilian sectors, reflecting a strong market potential [4] Group 5: Future Development Plans - The company aims to enhance its management capabilities and efficiency through organizational changes, focusing on synergistic development between the parent and subsidiary companies [5] - The strategic goal is to establish Haige Communication as a high-tech innovative enterprise in the electronic information field, promoting sustainable and stable growth [4][5]

Group 1: Financial Performance - In 2014, the company achieved a revenue of 2.954 billion yuan, representing a year-on-year growth of 75.43% [2] - Operating profit reached 0.479 billion yuan, with a year-on-year increase of 47.57% [2] - Net profit attributable to shareholders was 0.443 billion yuan, up by 35.72% compared to the previous year [2] Group 2: Business Development - The company signed new contracts worth over 0.8 billion yuan in the military communication sector, marking a historical high [2] - In the Beidou navigation sector, new contracts exceeded 0.4 billion yuan, with over ten key projects completed [2] - Satellite communication orders expanded significantly, with total orders exceeding 0.3 billion yuan [2] Group 3: Strategic Initiatives - The company implemented capital project investments totaling 1.1 billion yuan, resulting in an additional sales revenue of 0.85 billion yuan and a profit of 0.18 billion yuan [2] - The employee stock ownership plan was launched to enhance employee motivation and creativity, with over 20% of employees participating [5] - The company is actively pursuing mergers and acquisitions to expand its core business areas, including Beidou, simulation, radar, and digital cluster communications [5] Group 4: Market Outlook - The defense budget in China is expected to continue increasing, providing strong support for military enterprises [3] - The Beidou business saw a year-on-year revenue increase of 108%, indicating strong market demand [4] - The digital cluster communication market is projected to grow rapidly, driven by increasing demand from various sectors [4]

Group 1: Business Development and Strategy - The company focuses on a "military-civilian integration" strategy and aims to enhance its core business while expanding into new fields and upgrading its industry [1][2]. - Key business areas include satellite communication, Beidou navigation, digital trunking, simulation, spectrum management, and meteorological services, all of which have significant market potential [1][2]. - The Beidou navigation business is experiencing rapid growth, with a total contract amount of approximately RMB 460 million signed in 2014, reflecting a substantial increase from RMB 174 million in 2013 [2][3]. Group 2: Financial Performance and Projections - The company expects to maintain steady growth in its core wireless communication business while anticipating faster growth in Beidou navigation, satellite communication, digital trunking, and simulation sectors [4][5]. - The employee stock ownership plan involved the issuance of up to 75 million shares, with 4.5 million shares subscribed by the controlling shareholder and 2.645 million shares by employees, representing about 20% of the total workforce [2][3]. Group 3: Market Position and Competitive Advantage - The company is one of the few A-share listed firms with a complete industrial chain in the Beidou navigation field, covering chips, modules, antennas, systems, and operational services [3][4]. - The satellite communication sector has been a focus since 2006, with significant government support for strategic projects, positioning the company as a mainstream supplier in the defense satellite communication market [4][5]. Group 4: Future Plans and Mergers & Acquisitions - The company plans to continue its acquisition strategy, focusing on expanding its Beidou, simulation, radar, and digital trunking businesses [4][5]. - The strategic goal is to build a high-tech innovative enterprise in the electronic information field, leveraging organizational changes to enhance management capabilities and efficiency [5].

Financial Performance - In 2016, the company achieved operating revenue of 4.119 billion yuan, a year-on-year increase of 8.20% [1] - The net profit attributable to the parent company was 530 million yuan, a year-on-year decrease of 8.53% [1] - The decline in net profit was attributed to military restructuring, delayed orders, and increased investments in market and R&D [2] Business Segments - The company maintained strong growth in its core business areas: wireless communication, Beidou navigation, general aviation, and software and information services [2] - The wireless communication sector retained its leading position in the special institution market, with significant advancements in satellite communication technology [2] - Beidou navigation business has established a full value chain service platform, continuously consolidating its competitive advantage [2] Strategic Initiatives - The company is actively promoting "military-civilian integration" and "dual-wheel drive" development strategies, leveraging opportunities from national defense informatization and emerging industries [2] - In 2016, the company launched several capital projects, including listing on the New Third Board and establishing a mother fund for integrated circuit development [3] - The company plans to focus on high-end manufacturing and modern service industries in 2017, with an emphasis on innovation and market responsiveness [4] Market Outlook - The company anticipates continued growth in 2017, driven by the expansion of 4G network optimization and the emergence of 5G opportunities [5] - The Beidou military equipment market is expected to see steady demand, with ongoing international market development linked to the "Belt and Road" initiative [5] - The company is confident in the future performance of its Beidou business, expecting gradual improvement as military reforms stabilize [5] Management and Structural Changes - Recent adjustments in the management team reflect a commitment to high-level decision-making and military-civilian integration [4] - The restructuring aims to enhance operational efficiency, reduce costs, and improve market response times [4] - The company is focusing on optimizing internal resource management and pursuing excellence in processes [4]

Group 1: Company Overview - Haige Communication is one of the earliest manufacturers engaged in the research and production of navigation equipment in China, with over 60 years of experience in the navigation and positioning industry [3]. - The company has developed a full industrial chain for Beidou products, including chips, modules, antennas, terminals, systems, and operations [3][4]. - The self-built "Haige Beidou Industrial Park" serves as the R&D, production, inspection, and testing base for Beidou products [4]. Group 2: Business Development and Achievements - Haige Communication has successfully developed various models of high-dynamic, anti-jamming, and high-precision user machines for the Beidou satellite navigation system, ranking among the top in user organization tests [3][4]. - The company has initiated large-scale applications of Beidou civil terminals since 2011, with significant projects like the Beidou public vehicle management system in Guangzhou [5]. - The Beidou urban application demonstration project in Nansha District, Guangzhou, has successfully passed user acceptance, completing the system platform construction and deploying 90,000 smart terminals [5]. Group 3: Future Plans and Market Strategy - The company aims to build a core application system centered around spatiotemporal big data, expanding into smart transportation, emergency response, and smart city applications [5]. - Haige Communication plans to establish a new generation of "Beidou + Smart City" applications, integrating terminal and application platforms with project management and operational services [5]. - The company is focusing on mergers and acquisitions that align with its core business areas, particularly in wireless communication, Beidou navigation, aerospace, and software services [8]. Group 4: Satellite Internet and Technological Advancements - Haige Communication has been actively involved in satellite communication since 2000, developing core technologies in satellite communication antennas, modulation/demodulation, and terminal production [7][9]. - The company is positioned to leverage the growing satellite internet market, which has been included in the new infrastructure initiative by the National Development and Reform Commission [7]. - The high-precision positioning network developed by the subsidiary Xingyu Technology covers 90% of the population in major cities, providing competitive advantages in product performance and pricing [7][10].