Core Viewpoint - Tongyu Communication (002792) is actively engaging in satellite communication commercialization, overseas market expansion, and emerging business layouts, as evidenced by recent discussions with 83 institutional investors [2][3]. Group 1: Financial Performance - In the first half of the year, Tongyu Communication achieved a main business revenue of 533 million yuan, with a net profit attributable to shareholders of 21.786 million yuan [2]. - The traditional business showed steady growth, with base station antennas and RF device revenue reaching 372 million yuan, accounting for 71.14% of total revenue [2]. - The microwave antenna segment saw significant growth, with product revenue of 119 million yuan, a year-on-year increase of 84.36% [2]. Group 2: Overseas Business Growth - The company's overseas revenue reached 266 million yuan in the first half of the year, marking a significant year-on-year growth of 47.77% [3]. - The gross profit margin for overseas revenue was 28.56%, which is 8.95 percentage points higher than that of domestic revenue [3]. - Tongyu Communication attributes this success to its expansion efforts in countries involved in the Belt and Road Initiative, Southeast Asia, and the Middle East [3]. Group 3: Satellite Communication Strategy - The company is focusing on low-orbit broadband satellite internet, aligning with national strategic initiatives, and has established partnerships with major operators [3]. - Satellite communication products cover three application scenarios: "star-ground-end," and the company has made substantial progress in multiple satellite constellation projects [3]. - By the first half of 2025, the satellite communication business is expected to generate revenue of 26.08 million yuan, with ground station products already in small-scale delivery [3]. Group 4: Emerging Business Developments - Tongyu Communication is developing customized products for special scenarios, such as wall-mounted antennas for bridges and high-speed trains, and satellite terminals for deep-sea fishing vessels [4]. - The MacroWiFi product, designed to address outdoor communication challenges, features a high-gain dual-beam antenna array capable of 2 km transmission and supporting over 200 concurrent users [4]. - The company has successfully tested these products in several countries, including Indonesia, UAE, Myanmar, Kazakhstan, Cameroon, Nigeria, and Russia, and has begun small-scale orders [4]. Group 5: Institutional Investor Sentiment - Institutional investors are optimistic about Tongyu Communication based on three dimensions: the transition of satellite communication from "technical layout" to "scale commercialization," the establishment of a differentiated competitive advantage in overseas markets, and the synergy between traditional and emerging businesses [4].

公司在会上介绍了基本情况、2025上半年业务开展情况以及接下来的业务发展规划，并对2025年半年度 财务数据进行了解读。2025年上半年，微波天线业务收入约为1.19亿元，同比增长84%左右，毛利率为 33%，占营业收入的22%，是主营业务中毛利最高的板块。光模块业务营收同比增长98%，目前营收占 比为0.67%。卫星通信业务收入同比上涨2.59%，收入达2600万元 。 投资者互动交流要点卫星通信业务增长预期：公司围绕国家战略推动的低轨宽带卫星互联网布局，与主 要运营商合作，产品覆盖"星 - 地 - 端"场景，参与多个星座计划，进入垣信供应链体系。虽2025年上半 年商业卫星发展进度放缓，但公司对业务前景乐观，将其视为第二增长曲线，并在相关产业链上下游投 资布局。海外市场拓展计划：公司海外销售占比接近总营收一半，增长动力源于"一带一路"国家4G建 设及部分国家5G网络升级。公司在东南亚建立了销售网络，计划加强非洲和中东市场开发。其产品 MACRO WIFI在多个国家测试良好，已开始小批量交付，公司将抓住"一带一路"国家4G/5G升级机遇， 扩大MACRO WIFI销售渠道，关注高端市场网络升级机会，并应对部 ...

证券代码：002792 证券简称：通宇通讯 编号：2025-007 广东通宇通讯股份有限公司 投资者关系活动记录表 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 □媒体采访 | 业绩说明会 ☑ | | 类别 | □新闻发布会 □路演活动 | | □现场参观 | □其他 | | 参与单位名称 | 南方基金、西部利得基金、中银基金、长盛基金、太平资产、中信 | | | 证券、中国国际金融等 83 家机构（具体详见附件：参会机构名单） | | 时间 2025 | 年 月 日 9 1 | | 地点 公司会议室 | | | 吴中林 | 董事长 | | 吴美璇 | 副总裁 | | 公司接待人员 黄华 | 董事会秘书 | | 姓名 杨超 | 财务经理 | | 张炜亮 | 投资者关系经理 | | 邓家庆 | 证券事务代表 | | | 公司于 2025 年 9 月 1 日接待参与本次调研活动的机构，主要 | | | 活动内容如下： | | | 一、介绍公司基本情况、2025 上半年业务开展情况和接下来的 | | 投资者关系活动 | 业务发展规划。 | | 主要内容介绍 | 二、202 ...

Financial Performance - The company's total revenue for the first half of 2025 was 533 million yuan, a decrease of 2.55% year-on-year [1] - The net profit attributable to shareholders was 21.786 million yuan, down 8.9% year-on-year [1] - In Q2 2025, total revenue was 282 million yuan, a decline of 9.12% year-on-year, and net profit was 10.604 million yuan, down 44.24% year-on-year [1] - The gross margin was 24.08%, a decrease of 1.47% year-on-year, while the net margin was 4.1%, down 6.39% year-on-year [1] - The company's receivables accounted for 1292.09% of the latest annual net profit, indicating a significant amount of accounts receivable [1][4] Cash Flow and Financial Ratios - The operating cash flow per share was -0.03 yuan, an increase of 78.52% year-on-year [1] - The company experienced a 66.17% decrease in financial expenses due to foreign exchange fluctuations and large certificate of deposit income [3] - The net cash flow from operating activities increased significantly, while cash flow from investment activities decreased by 93.8% due to increased cash outflows for investment activities [3] Business Operations and Market Position - The company has established a comprehensive product layout in the satellite communication field, covering ground stations, satellite communication payloads, and terminal applications [5] - In 2024, the satellite communication business generated over 40 million yuan in revenue, with ground station products achieving small batch deliveries [5] - The company has successfully secured new projects, enhancing its market position, and is expected to maintain a competitive advantage in the satellite communication sector over the next three years [5]

格隆汇8月29日丨通宇通讯(002792.SZ)公布2025年半年度报告，上半年公司实现营业收入5.33亿元，同 比下降2.55%；归属于上市公司股东的净利润2178.60万元，同比下降8.90%；归属于上市公司股东的扣 除非经常性损益的净利润496.68万元，同比下降69.15%；基本每股收益0.0417元。 ...

Core Viewpoint - Tongyu Communication reported a decline in revenue and net profit for the first half of 2025, indicating challenges in the communication equipment sector despite overall industry growth [2][3]. Financial Performance - Revenue for H1 2025 was 532,724,205.61 CNY, a decrease of 2.55% compared to 546,654,764.30 CNY in the same period last year [3]. - Net profit attributable to shareholders was 21,786,044.75 CNY, down 8.9% from 23,914,511.12 CNY year-on-year [3]. - Net profit after deducting non-recurring gains and losses was 4,966,807.09 CNY, a significant drop of 69.15% from 16,098,822.09 CNY in the previous year [3]. - Basic and diluted earnings per share were both 0.0417 CNY, reflecting an 8.95% decrease from 0.0458 CNY [3]. - Total assets at the end of H1 2025 were 3,465,046,288.9 CNY, a slight decrease of 0.75% from 3,491,104,993.63 CNY at the end of the previous year [3]. - Net assets attributable to shareholders increased by 1.3% to 2,788,811,241.1 CNY from 2,753,093,218.92 CNY [3]. Industry Context - The communication equipment industry in China continued to show steady growth, with the total number of 5G base stations reaching 4.549 million, an increase of 298,000 from the end of the previous year, accounting for 35.7% of all mobile base stations [2]. - The number of 5G mobile phone users reached 1.118 billion, with a net increase of 104 million, representing 61.8% of all mobile phone users [2]. - The demand for base station equipment, antennas, and RF devices is being optimized as operators transition from broad coverage to deep coverage and refined operations, with a growing share of high-tech products like Massive MIMO antennas [2]. Strategic Initiatives - The company focuses on the communication antenna and RF device sector, which is expected to receive continued support from industrial policies, including tax and R&D incentives [4]. - Tongyu Communication is seizing opportunities in the satellite internet sector, establishing a comprehensive "star-ground-end" industrial chain in satellite communication, covering ground station terminals, satellite communication payloads, and terminal applications [4]. - The company has achieved small-scale applications of spaceborne phased array antennas in low-Earth orbit satellites and stable delivery of ground station products, reinforcing its market position [4]. - Revenue from satellite communication business is projected to exceed 40 million CNY in 2024, with continued growth expected in 2025 as national satellite constellation networking accelerates [4]. - Innovative products like Macro WiFi have been commercially deployed in Southeast Asia and Russia, expanding the company's market presence [4].

Core Insights - Tongyu Communication reported a stable performance in the first half of 2025, achieving revenue of 533 million yuan and a net profit of 21.78 million yuan, driven by steady growth in traditional business and strong expansion in overseas markets [2] - The company has made significant advancements in satellite communication, launching a ground station and satellite communication payload antenna products, contributing to a revenue of 26.08 million yuan in this segment [5][6] Group 1: Financial Performance - In Q2 2025, Tongyu Communication achieved revenue of 282 million yuan and a net profit of 10.60 million yuan [2] - For the first half of 2025, the company’s revenue from base station antennas and RF devices was 372 million yuan, accounting for 71.14% of total revenue [3] - The overseas revenue reached 266 million yuan, a year-on-year increase of 47.77%, representing 49.93% of total revenue [3] Group 2: Product Development and Innovation - The company invested 44.98 million yuan in R&D for base station antenna technology, becoming the first globally to achieve mass commercialization of AFU antennas [3] - In the microwave antenna sector, Tongyu Communication's products generated 119 million yuan in revenue, marking a significant year-on-year growth of 84.36% [3] - The company has developed a high-gain narrow beam antenna for high-speed rail, securing a procurement project worth 157 million yuan [7] Group 3: Market Expansion - Tongyu Communication's products are certified by major integrators like Ericsson, Nokia, and Samsung, and are sold in over 70 countries [4] - The company has established a strong presence in overseas markets, particularly in the Middle East, Southeast Asia, and Europe, enhancing its market share [4] - The MacroWiFi product has been deployed in Southeast Asia and is expanding into Russia, the Middle East, and Africa, showcasing strong international growth potential [7] Group 4: Strategic Initiatives - The company is focusing on satellite communication as a strategic business area, integrating low Earth orbit (LEO) and geostationary orbit (GEO) satellite technologies [5][6] - Tongyu Communication has formed partnerships and joint ventures to enhance its satellite communication capabilities and industry collaboration [6] - The company is actively participating in major satellite constellation projects in China, solidifying its strategic positioning in the satellite communication industry [6]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002792 证券简称：通宇通讯公告编号：2025-048 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监会指定媒体仔细阅读半年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 公司计划不派发现金红利，不送红股，不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 公司是否需追溯调整或重述以前年度会计数据 □是 √否 ■ 3、公司股东数量及持股情况 单位：股 □适用 √不适用 ■ 持股5%以上股东、前10名股东及前10名无限售流通股股东参与转融通业务出借股份情况 □适用 √不适用 前10名股东及前10名无限售流通股股东因转融通出借/归还原因导致较上期发生变化 □适用 √不适用 4、控股股东或实际控制人变更情况 控股股东报告期内变更 二、公司基本情况 1、公司简介 ■ 2、主要会计数据和财务指标 □适用 √不适用 公司报告期控股股东未发生变更。 实际控制 ...

Group 1 - The company Guangdong Tongyu Communication Co., Ltd. has decided to cancel its supervisory board and amend its articles of association [1][2] - The supervisory board's responsibilities will be transferred to the audit committee of the board of directors, and the rules governing the supervisory board will be abolished [2] - The amendments to the articles of association require approval from the shareholders' meeting, and the board of directors will seek authorization to handle the necessary business registration changes [3] Group 2 - The company will revise several governance documents, including the rules for shareholders' meetings, board meetings, and independent directors' work systems, in accordance with relevant laws and regulations [4] - The proposed revisions to these governance documents have been approved by the board of directors but still require approval from the shareholders' meeting [4]

广东通宇通讯股份有限公司 独立董事工作制度 广东通宇通讯股份有限公司 独立董事工作制度 第一章 总则 第一条 广东通宇通讯股份有限公司（以下简称 "公司"） 为进一步完善公司 治理制度，充分发挥独立董事在公司治理中的作用，促进公司独立董事尽责履职，根 据《中华人民共和国公司法》、《中华人民共和国证券法》、《上市公司独立董事管 理办法》、《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运 作》和《公司章程》等有关规定，结合公司的实际情况，特制定本制度。 第二条 独立董事是指不在公司担任除董事外的任何其他职务，并与公司及其主 要股东、实际控制人不存在直接或者间接利害关系，或者其他可能影响其进行独立客 观判断关系的董事。 3、具备上市公司运作的基本知识，熟悉相关法律法规和规则； 第三条 独立董事对公司及全体股东负有忠实与勤勉义务，应当按照法律、行政 法规、中国证券监督管理委员会规定、深圳证券交易所业务规则和《公司章程》的规 定，认真履行职责，在董事会中发挥参与决策、监督制衡、专业咨询作用，维护公司 整体利益，保护中小股东合法权益。 第二章 独立董事的任职条件及独立性 第四条 担任独立董事应当符合下 ...