2024 年度独立董事述职报告 （独立董事 储昭立） 各位股东及股东代表： 本人作为广东通宇通讯股份有限公司（以下简称"公司"）的第五届董事会独立董事， 担任提名委员会主任委员，并兼任战略委员会、审计委员会委员，在 2024 年度（以下 简称"本年度"）工作中严格按照《公司法》、《公司章程》以及《广东通宇通讯股份有 限公司独立董事工作制度》等有关法律、法规的规定，勤勉、尽责、积极发挥独立董事 的独立作用，积极出席相关会议，认真审议董事会各项议案，对公司重大事项发表了独 立意见，切实维护了公司利益，较好的发挥了独立董事的监督作用。现就本人 2024 年 度履行独立董事职责情况汇报如下： 广东通宇通讯股份有限公司 一、独立董事基本情况 （一）工作履历、专业背景及兼职情况 本人储昭立，中国国籍，无境外居留权，重庆大学工业管理工程第二学位班毕业， 理学、工学双学士学历，管理学硕士学位。1992 年 6 月至 2000 年 4 月，就职于重庆商 社（集团）有限公司，历任业务经理、集团董事会秘书（其间：1997 年 6 月至 1998 年 9 月 借调到中国平安保险集团公司董事会秘书处工作）；2000 年 4 月至 20 ...

本人戴建君，中国国籍，无境外永久居留权，大学学历、注册会计师，拥有多年会 计师从业经历。1993 年 10 月至 1999 年 12 月，本人先后担任立信会计师事务所审计人 员、潘陈张联合会计师事务所审计部经理、上海高信会计师事务所审计部经理，2000 年至今担任上海新高信会计师事务所有限公司董事。2023 年 1 月至 2024 年 10 月任本公 司独立董事。 广东通宇通讯股份有限公司 2024 年度独立董事述职报告 （独立董事 戴建君） 各位股东及股东代表： 本人作为广东通宇通讯股份有限公司（以下简称"公司"）的第五届董事会独立董事， 担任审计委员会的主任委员，并兼任薪酬与考核委员会的委员，在 2024 年度（以下简 称"本年度"）工作中严格按照《公司法》、《公司章程》以及《广东通宇通讯股份有限 公司独立董事工作制度》等有关法律、法规的规定，勤勉、尽责、积极发挥独立董事的 独立作用，积极出席相关会议，认真审议董事会各项议案，对公司重大事项发表了独立 意见，切实维护了公司利益，较好的发挥了独立董事的监督作用。因个人原因，本人于 2024 年 10 月正式辞去公司第五届董事会独立董事及各专门委员会中相关职务 ...

Financial Data and Indicators - The basic earnings per share for Q1 2025 is 0.0214 yuan, representing a 75.41% increase compared to Q1 2024's 0.0122 yuan, but a decrease from Q1 2023's 0.0853 yuan [1] - The net profit for Q1 2025 is 0.11 billion yuan, which is a 120% increase from Q1 2024's 0.05 billion yuan, but a decrease from Q1 2023's 0.34 billion yuan [1] - The return on equity for Q1 2025 is 0.40%, showing a significant increase of 135.29% from Q1 2024's 0.17%, but a decrease from Q1 2023's 1.24% [1] - The total operating revenue for Q1 2025 is 2.51 billion yuan, reflecting a 6.36% increase from Q1 2024's 2.36 billion yuan [1] Shareholder Information - The top ten unrestricted shareholders hold a total of 10,576.8 million shares, accounting for 33.7% of the circulating shares, with an increase of 927,500 shares compared to the previous period [1] - Wu Zhonglin holds 3,412.58 million shares, representing 10.87% of the total share capital, with an increase of 1,960.02 thousand shares [2] - Shi Guiqing holds 2,864.27 million shares, accounting for 9.13% of the total share capital, with no change [2] - The company will not distribute dividends or bonus shares in this period [3]

Financial Performance - The company's basic earnings per share decreased by 50% from 0.16 to 0.08 yuan [1] - The net profit dropped by 49.38% from 0.81 billion to 0.41 billion yuan [1] - The return on equity fell by 49.32% from 2.92% to 1.48% [1] - Total revenue decreased by 7.73% from 12.94 billion to 11.94 billion yuan [1] - The net asset per share decreased by 23.67% from 6.97 to 5.32 yuan [1] - The undistributed profits per share decreased by 26.56% from 2.41 to 1.77 yuan [1] - The share capital reserve per share decreased by 29.63% from 3.24 to 2.28 yuan [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 10,484.05 million shares, accounting for 33.41% of the circulating shares, with an increase of 2,331.26 million shares compared to the previous period [2] - New entrants among the top shareholders include Chen Huolin with 1,522.03 million shares (4.85%) and Zhang Yuejun with 766.00 million shares (2.44%) [2] - The previous top shareholders who exited include Li Xuefen and Guangdong Tongyu Communications Co., Ltd. [2] Dividend Distribution - The company announced a dividend distribution of 0.25 yuan per share (including tax) [3]

Financial Performance - The company's revenue for Q1 2025 was ¥250,697,062.09, representing a 6.08% increase compared to ¥236,319,280.85 in the same period last year[5] - Net profit attributable to shareholders increased by 128.26% to ¥11,181,979.99 from ¥4,898,715.67 year-on-year[5] - The net profit excluding non-recurring gains and losses rose by 157.91% to ¥3,868,129.13 from ¥1,499,820.95 in the previous year[5] - The basic earnings per share increased by 75.41% to ¥0.0214 from ¥0.0122 year-on-year[5] - Operating profit rose to ¥10,908,015.53, compared to ¥5,658,076.96, marking an increase of 93.3%[19] - The total comprehensive income for the current period was ¥10,707,471.59, significantly higher than ¥4,956,138.75 from the previous period[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,486,045,040.26, a 0.63% increase from ¥3,464,121,781.62 at the end of the previous year[5] - Total assets amounted to ¥3,486,045,040.26, up from ¥3,464,121,781.62, showing a growth of about 0.6%[16] - Total liabilities increased to ¥695,406,747.11 from ¥684,190,960.06, which is an increase of approximately 1.8%[16] - The company's total equity rose to ¥2,790,638,293.15 from ¥2,779,930,821.56, indicating an increase of about 0.4%[16] - The company's short-term borrowings slightly decreased to ¥18,827,384.97 from ¥18,866,585.54, a reduction of about 0.2%[15] Cash Flow - The net cash flow from operating activities improved by 22.66%, reaching -¥63,675,377.88 compared to -¥82,333,462.94 in the same period last year[5] - The net cash flow from operating activities was -¥63,675,377.88, an improvement from -¥82,333,462.94 in the previous period[20] - Cash flow from investment activities generated a net inflow of ¥178,375,940.40, up from ¥77,785,274.40, indicating a strong investment recovery[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 51,820[10] - The largest shareholder, Wu Zhonglin, holds 26.13% of the shares, amounting to 136,503,373 shares[10] Inventory and Receivables - Trade receivables rose to ¥549,733,436.48 from ¥558,519,455.27, indicating a slight decrease of about 1.4%[14] - Inventory increased to ¥271,898,988.19 from ¥241,080,548.67, reflecting an increase of approximately 12.8%[14] Government Support and Investments - The company received government subsidies amounting to ¥4,082,658.68 during the reporting period[6] - The investment income increased by 119.29% to ¥4,076,570.58 from ¥1,858,953.98 year-on-year[9] Market Strategy - The company is focusing on expanding its market presence and developing new technologies, although specific figures were not disclosed in the call[17]

Financial Performance - The company's operating revenue for 2024 was CNY 1,194,002,383.58, representing a decrease of 7.71% compared to CNY 1,293,776,627.85 in 2023[17]. - The net profit attributable to shareholders for 2024 was CNY 41,385,107.67, down 49.03% from CNY 81,187,584.01 in 2023[17]. - Basic earnings per share for 2024 were CNY 0.08, a decrease of 50.00% from CNY 0.16 in 2023[17]. - Total assets at the end of 2024 were CNY 3,464,121,781.62, down 6.75% from CNY 3,714,906,347.64 at the end of 2023[17]. - The net assets attributable to shareholders at the end of 2024 were CNY 2,779,930,821.56, a slight decrease of 0.83% from CNY 2,803,132,590.38 at the end of 2023[17]. - The weighted average return on equity for 2024 was 1.48%, down from 2.91% in 2023[17]. - The company reported a significant increase of 91.59% in net profit attributable to shareholders after deducting non-recurring gains and losses, which amounted to negative CNY 1,656,321.06 in 2024[17]. - The company achieved revenue of approximately 119,400.24 million yuan, a year-on-year decrease of about 7.71%[41]. - The net profit attributable to shareholders was approximately 4,138.51 million yuan, down about 49.00% year-on-year[41]. Cash Flow and Investments - The net cash flow from operating activities was negative CNY 1,516,339.19, an improvement of 96.42% compared to negative CNY 42,403,099.14 in 2023[17]. - The cash flow from operating activities showed a positive trend in Q4, reaching CNY 65.34 million, after a negative cash flow in Q1 of CNY -82.33 million[21]. - Operating cash inflow totaled ¥1,438,186,896.32 in 2024, reflecting a year-on-year increase of 10.16% from ¥1,305,583,400.24 in 2023[69]. - Investment cash inflow reached ¥4,302,701,290.32 in 2024, a 12.34% increase from ¥3,830,069,776.40 in 2023[69]. - The net cash inflow from financing activities decreased by 44.76% to ¥52,838,691.19, while cash outflow increased by 79.14% to ¥116,668,954.75, resulting in a net cash flow from financing activities of -¥63,830,263.56, a decline of 309.08%[70]. Market and Product Development - The company plans to expand its market presence as 5G-A commercial deployment accelerates, with 5G-A being implemented in 100 cities and plans to expand to 300 cities by the end of 2024[29]. - The company is actively expanding its satellite communication product line to meet increasing market demand[42]. - The company is focusing on expanding its product offerings in the 5G sector, with the completion of over 3,500 different 5G frequency bands in integrated small base stations[67]. - The company completed a strategic acquisition of a competitor for $200 million, expected to enhance market share by 15%[7]. - The company is exploring potential mergers and acquisitions to further enhance its competitive position in the market[120]. Research and Development - Research and development (R&D) investment amounted to ¥96,036,140.50 in 2024, a slight increase of 0.35% from ¥95,705,274.42 in 2023, representing 8.04% of operating revenue, up from 7.40%[67]. - The number of R&D personnel increased by 12.37% to 327 in 2024, with a significant rise in master's degree holders by 225.00% to 26[67]. - The company completed the development of a new green high-efficiency low-loss base station antenna, which is expected to enhance brand competitiveness and drive future sales[66]. - A new multi-port passive + active integrated antenna was developed, allowing for simultaneous deployment of multiple frequency networks, thereby reducing the number of antennas needed[66]. Governance and Compliance - The company has established a governance mechanism with independent directors and an audit committee to ensure effective supervision of management[166]. - The company has maintained compliance with regulatory requirements and improved its internal control mechanisms[110]. - The company has a clear asset ownership structure, with no reliance on the controlling shareholder's assets for operations[115]. - The company has implemented a robust information disclosure management system to enhance transparency and protect shareholder rights[109]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[182]. Employee and Management - The total number of employees at the end of the reporting period was 1,856, with 1,643 in the parent company and 213 in major subsidiaries[144]. - The company conducted over 200 training sessions throughout the year, focusing on professional skills, management development, and leadership[146]. - The employee compensation policy aims for steady annual growth, ensuring competitive remuneration within the industry[145]. - The company has established a systematic talent development framework to enhance employee capabilities and organizational skills[146]. Risks and Challenges - The company acknowledges potential risks in future operations as outlined in the management discussion and analysis section of the report[5]. - The company faces risks related to management, overseas market expansion, and investment projects, which it plans to address through organizational adjustments and strategic market adaptations[93][94]. - The company has conducted thorough market research and feasibility analysis for its investment projects, but risks remain due to potential changes in economic environment, national industrial policies, and market demand[96].

6G概念突然爆发。 6G概念爆发 4月18日，A股早盘弱势震荡，午后在金融、地产等板块的带动下发力走高，三大股指一度悉数翻红， 北证50指数大幅拉升，但全A成交额再度萎缩，全日成交不足1万亿元，创年内地量。 6G概念盘中走势强劲，截至收盘，创远信科30%涨停，硕贝德20%涨停，本川智能（300964）涨超 11%，盛路通信（002446）、通宇通讯、海能达等均涨停。 截至收盘，沪指跌0.11%报3276.73点，深证成指涨0.23%报9781.65点，创业板指涨0.27%报1913.97点， 北证50指数涨1.98%，沪深北三市合计成交9493亿元，较昨日减少逾800亿元。 | 代码 | 名称 | � 涨幅% | 现价 | 涨跌 | 采价 | 卖价 | 总量 | | --- | --- | --- | --- | --- | --- | --- | --- | | 831961 | 创远信科 | R 29.98 | 22.85 | 5.27 | 22.85 | | 335041 | | 300322 硕贝德 | | 20.00 R | 13.92 | 2.32 | 13.92 | l | 712440 | | ...

李宏涛 资格编号：S0120524070003 邮箱：liht＠tebon.com.cn 研究助理 [Table_Main] 证券研究报告 | 公司点评 通宇通讯(002792.SZ) 2025 年 04 月 11 日 买入（维持） 所属行业：通信/通信设备 当前价格(元)：12.85 证券分析师 市场表现 沪深300对比 1M 2M 3M -34% -17% 0% 17% 34% 51% 69% 2024-04 2024-08 2024-12 通宇通讯 沪深300 | 绝对涨幅(%) | -16.99 | -15.57 | -7.35 | | --- | --- | --- | --- | | 相对涨幅(%) | -12.06 | -11.32 | -7.42 | | 资料来源：德邦研究所，聚源数据 | | | | 相关研究 1.《通宇通讯(002792.SZ)：5G-A 带来 传统业务新场景，卫星铸就第二增长 曲线》，2024.12.3 通宇通讯(002792.SZ)：全栈布 局初现雏形，参与通信试验卫星 投资要点 请务必阅读正文之后的信息披露和法律声明 事件：2025 年 4 月 1 日 12 时 00 ...

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company is positioned to benefit from the commercialization of 5G-A and the development of satellite internet, with significant growth expected in revenue and net profit over the next few years [5][7] - The company has made strategic investments and partnerships to enhance its capabilities in satellite communication and is expected to continue expanding its presence in this sector [5][7] Market Performance - The company's stock has shown a relative decline compared to the CSI 300 index, with absolute returns of -16.99% over the past month [4][3] - The stock price range over the past 52 weeks has been between 9.60 and 18.43 yuan [6] Financial Data and Forecast - The company’s total revenue is projected to grow from 1,294 million yuan in 2023 to 1,968 million yuan by 2026, with corresponding net profits increasing from 81 million yuan to 267 million yuan [6][8] - The expected EPS is forecasted to rise from 0.16 yuan in 2023 to 0.51 yuan in 2026, indicating a strong growth trajectory [6][8] - The gross margin is anticipated to improve from 20.8% in 2023 to 28.2% in 2026, reflecting enhanced operational efficiency [6][8] Industry Insights - The report highlights the supportive policy environment for 5G-A development, with major telecom operators actively promoting its rollout [7] - The company is strategically positioned within the telecommunications infrastructure sector, focusing on both traditional cellular networks and emerging satellite communication technologies [5][7]

证券代码：002792 证券简称：通宇通讯 公告编号：2025-009 广东通宇通讯股份有限公司 关于控股股东、实际控制人部分股份解除质押和再质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 广东通宇通讯股份有限公司（以下简称"公司"）于近日接到公司控股股东、实际控制人吴中林先生的通 知，获悉其所持有公司的部分股份已办理解除质押和再次质押的手续，具体事项如下： 一、股东股份解除质押及质押的基本情况 截至公告披露日，上述股东及其一致行动人所持质押股份情况如下： ■ 注:上述表格中若出现合计数与各分项数据之和尾数不符的，均为四舍五入原因所致。 登录新浪财经APP 搜索【信披】查看更多考评等级 四、备查文件 1、股票质押式回购交易委托单； 2、购回交易委托单； 3、证券质押及司法冻结明细表。 特此公告。 广东通宇通讯股份有限公司董事会 二〇二五年四月九日 1、股东股份解除质押的基本情况 ■ 2、股东股份质押基本情况 ■ 二、股东股份累计质押的情况 三、其他说明 截至本公告披露日，公司控股股东、实际控制人所持质押股份暂无平仓风险或被强制过户风险，对上市 公司 ...