Group 1: Market Position and Competition - The domestic market for communication antennas is highly competitive, with few manufacturers possessing significant R&D capabilities and large production scales, primarily including companies like Jingxin Communication, Tongyu Communication, Mobius Development, and Shenglu Communication [2] - In the RF device sector, the number of domestic manufacturers is limited due to high technical barriers, with key players being Wuhan Fangu, Dafu Technology, Mobius Development, and Tongyu Communication [2] - International competitors in the communication antenna and RF device market include companies like Germany's Kathrein and the USA's Commscope Andrew [2] Group 2: Technological Advancements and Product Development - The company has accumulated nearly 20 years of technology and market development, establishing advantages in R&D and large customer certifications, enabling rapid product turnover and bulk delivery [3] - In the 5G era, antenna and base station integration is a key trend, with two main approaches: physical integration of antennas and base stations, or integration of antennas with filters and TR components [3] - The company is actively collaborating with major system equipment manufacturers for early-stage R&D to adapt to the trend of integrated base station antennas [3] Group 3: Future Growth and Market Opportunities - The company anticipates benefiting from the upcoming large-scale deployment of 4.5G and 5G technologies, leveraging its established relationships with main equipment manufacturers [4] - Current R&D progress includes partial product development of Massive MIMO antennas and ongoing development of FDD AAS antennas, with microwave band antennas in preliminary research [4] - The arrival of the 5G era is expected to drive a new round of market competition, leading to further optimization of industry structure [4] Group 4: Strategic Development and Product Expansion - The company plans to enhance its horizontal and vertical industry chains based on development needs, improving advantages in raw material procurement, technology R&D, product marketing, and network layout [4] - Future product development will focus on synergies with existing businesses, leveraging customer and technology platforms [5]

Group 1: Company Overview and Strategic Moves - The acquisition of Prism, a supplier with unique advantages in RF miniaturization, is a crucial part of the company's 5G RF antenna integration strategy [1][2] - The collaboration with Prism enhances the company's RF capabilities and opens up significant overseas customer channels [2] Group 2: Financial Performance and Challenges - There is pressure on gross margins due to declining capital expenditures from operators, but the company aims to leverage its technological accumulation, cost control, production capacity readiness, and quality management to maintain profitability [2] - The company has not yet received plans from shareholders regarding the lifting of restrictions on shares, but all shareholders, including institutional investors, are aligned on the company's future operational direction [2] Group 3: Future Expansion Plans - Future expansion will focus on wireless applications related to IoT, vehicle networking, and military sectors, as well as collaborative resources with clients in fields such as optical communications [3]

广东通宇通讯股份有限公司 投资者关系活动记录表 证券代码：002792 证券简称：通宇通讯 编号：2022-005 | --- | --- | --- | --- | |---------------------|----------------------------------------------------|--------------------------------|-----------| | 投资者关系活动类 别 | 特定对象调研 \n 业绩说明会 □新闻发布会 现场参观 | 分析师会议 □媒体采访 \n 其他 | □路演活动 | | | 国金证券 黄克柔； | | | | | 万联证券 朱晓娜、陈孝坤； | | | | | 安信证券 谭奇洲； | | | | | 东吴证券 董伟； | | | | | 中山证券 黄华； | | | | | 国海证券 孙婷姗； | | | | | 东兴证券 夏婉玲 | | | | | 中信期货 马力超； | | | | | 国健安证基金 何卫国； | | | | | 韬晟资产 罗小明； | | | | | 晶诚投资 敖峰； | | | | 参与单位名称及 | ...

广东通宇通讯股份有限公司 投资者关系活动记录表 证券代码：002792 证券简称：通宇通讯 编号：2022-006 | --- | --- | |-------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 投资者关系活动类 别 | 分析师会议 □媒体采访 业绩说明会 □新闻发布会 □路演活动 其他 线上会议 | | 参与单位名称及 人员姓名 | 梁程加、刘浩天 | | 时间 | 日 10:00-10:30 | | 地点 | 广东省中山市东镇东二路 1 号-公司会议室 | | 公司接待人员姓名 | 马岩（副总经理、董事会秘书）、杨争（财务总监）、罗楚欣（证券 | | | 公司在公司会议室线上接待了参与此次交流活动的分析师，公司 副总经理、董事会秘书报告公司三季度报告主要财务数据，现互动交 流中的主要问题，总结如下 ...

Financial Performance - The company's operating revenue for 2021 was approximately ¥1.39 billion, a decrease of 8.13% compared to ¥1.51 billion in 2020[19]. - The net profit attributable to shareholders for 2021 was approximately ¥41.12 million, down 42.09% from ¥71.00 million in 2020[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥2.56 million, a significant decrease of 90.91% compared to ¥28.14 million in 2020[19]. - Basic earnings per share for 2021 were ¥0.12, a decrease of 42.86% from ¥0.21 in 2020[19]. - Diluted earnings per share for 2021 were also ¥0.12, reflecting the same decrease of 42.86% from ¥0.21 in 2020[19]. - The total operating revenue for 2021 was approximately ¥1.39 billion, a decrease of 8.13% compared to ¥1.51 billion in 2020[54]. - Revenue from communication antennas and RF devices accounted for 84.62% of total revenue, totaling approximately ¥1.17 billion, down 2.06% from the previous year[54]. - The company's total revenue in the communications industry reached ¥1,173,444,356.93, with a year-on-year decrease of 2.06%[56]. - The gross margin for the communications industry was 22.36%, reflecting a decline of 0.63% compared to the previous year[56]. - The revenue from base station antennas was ¥815,474,724.12, with a year-on-year decrease of 4.38%[56]. - The revenue from new energy cabinets decreased by 53.66%, totaling approximately ¥35.66 million, compared to ¥76.95 million in 2020[54]. Cash Flow and Assets - The net cash flow from operating activities increased by 105.56% to approximately ¥169.62 million, compared to ¥82.52 million in 2020[19]. - The company's operating cash inflow increased by 5.53% to CNY 1,898,292,914.90 in 2021 compared to CNY 1,798,903,023.95 in 2020[73]. - The company's cash and cash equivalents increased significantly by 3,800.27% to CNY 785,892,458.05 in 2021 from CNY 20,149,685.25 in 2020[73]. - The total assets of the company increased by 20.79% year-on-year, reaching CNY 3,821,132,905.70 by the end of 2021[21]. - The net assets attributable to shareholders increased by 34.23% year-on-year, amounting to CNY 2,707,066,852.30 at the end of 2021[21]. - The inventory of RF devices increased by 68.56% year-on-year, indicating a significant rise in production[58]. - The inventory increased to CNY 526,727,853.97, representing 13.78% of total assets, compared to 12.61% in the previous year[75]. Market Position and Product Development - The company has established itself as a leader in the domestic base station antenna market, with a strong emphasis on technological innovation[33]. - The company has nearly 800 valid authorized patents in the RF communication and optical module fields, positioning it as an industry leader[34]. - The company has successfully developed a series of base station antennas and RF devices to meet diverse product demands for 2G, 3G, 4G, and 5G networks, maintaining a strong market competitiveness[35]. - The company is focusing on the development of next-generation high-efficiency base station antennas and has begun strategic deployment in the millimeter-wave and 6G antenna fields[34]. - The company is focusing on the development of new products, including multi-band antennas and advanced filtering technologies for 5G applications[70]. - The company has launched the AFU (Antenna Filter Unit) product globally, which integrates antennas and filters, and has begun strategic deployment in the millimeter-wave and 6G antenna fields[98]. - The company has seen significant growth in overseas markets, particularly in microwave antennas, with products recognized by major suppliers like Ericsson[42]. - The company has entered the smart battery swap cabinet market, targeting urban short-distance delivery sectors, and has won multiple procurement projects from major energy companies[38]. Research and Development - The company has a strong R&D capability, allowing for rapid adaptation to market changes and efficient product development[46]. - Research and development expenses decreased by 10.14% to CNY 103,471,607.05 in 2021 from CNY 115,142,596.43 in 2020, representing 7.46% of operating revenue[71]. - The number of R&D personnel decreased by 8.92% to 296 in 2021 from 325 in 2020[71]. - The company plans to increase R&D investment in 2022, focusing on next-generation high-efficiency base station antenna technology and satellite communication adaptive antennas[103][110]. Governance and Compliance - The company has established a comprehensive governance structure in compliance with relevant laws and regulations[119]. - The company emphasizes independent operations, with no reliance on the controlling shareholder for production and business activities[130]. - The company has a transparent performance evaluation and incentive mechanism for directors and senior management[124]. - The company is committed to compliance with relevant laws and regulations, including the Company Law and Securities Law[152]. - The company has established a complete financial management system, maintaining independent bank accounts and tax obligations[134]. - The company has made significant efforts to respect the rights of stakeholders, including suppliers and customers[125]. Shareholder Engagement - The company held three shareholder meetings during the reporting period, reviewing 21 proposals[120]. - The board of directors consists of 8 members, including 3 independent directors, and held 6 meetings, reviewing 45 proposals[122]. - The company reported a cash dividend of 8,041,139.32 CNY, with a distribution ratio of 100% of the total profit distribution[161]. - The company did not propose any cash dividend distribution plan despite having a positive distributable profit of 873,686,714.41 CNY[161]. Risks and Challenges - The company faced challenges such as rising raw material prices and increased international shipping costs, impacting profitability[31]. - The company has identified risks associated with foreign exchange derivative investments, including exchange rate fluctuations and internal control risks[85]. - The company faces risks related to macroeconomic fluctuations, including potential impacts from international trade tensions and the COVID-19 pandemic[111][112]. Employee Management - The total number of employees at the end of the reporting period was 2,104, with 1,539 in the parent company and 565 in major subsidiaries[157]. - The company has established a salary system based on positions and skills, aiming for steady annual salary growth for employees[159]. - The company emphasizes employee well-being through regular training and health check-ups[181]. - The company has a total of 753 training sessions conducted during the reporting period, focusing on professional skills and safety[160].

Financial Performance - Operating revenue for the period reached CNY 526,406,024.32, representing a 70.82% increase year-on-year[7] - Net profit attributable to shareholders increased by 145.69% to CNY 39,973,460.57 compared to the same period last year[7] - The company reported a total net profit of CNY 91,044,334.16 for the year-to-date, a 50.71% increase compared to the same period last year[7] - Total operating revenue reached ¥526.41 million, a significant increase from ¥308.17 million in the previous period, representing a growth of 70.94%[36] - Net profit for the period was ¥41.33 million, a substantial increase from ¥20.22 million, indicating a growth of 104.67%[37] - The company reported a total comprehensive income of ¥41.67 million, compared to ¥15.32 million, representing a growth of 171.36%[38] Assets and Liabilities - Total assets increased by 13.34% to CNY 3,236,417,900.98 compared to the end of the previous year[7] - The company's total assets as of September 30, 2019, amounted to ¥2,605,518,352.52, compared to ¥2,246,301,479.62 at the end of 2018[26] - Current liabilities rose to CNY 1,084,146,036.53, compared to CNY 783,932,552.08, indicating a significant increase of about 38.4%[28] - The company reported a total liability of CNY 1,138,162,938.03, up from CNY 845,658,483.92, which is an increase of approximately 34.6%[28] - The total equity attributable to shareholders reached CNY 2,025,664,728.16, an increase from CNY 1,942,691,068.06, marking a growth of about 4.3%[29] Cash Flow - Net cash flow from operating activities surged by 310.7% to CNY 263,193,685.72[7] - The net cash flow from operating activities for the current period is ¥165,841,212.16, compared to a negative ¥61,016,637.42 in the previous period, indicating a significant improvement[54] - Total cash inflow from operating activities reached ¥1,429,732,081.44, up from ¥1,091,687,636.77 in the previous period, reflecting a growth of approximately 31%[54] - The ending balance of cash and cash equivalents increased to ¥710,586,659.04 from ¥417,741,743.87 in the previous period, marking a substantial recovery[55] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 32,843[11] - The largest shareholder, Wu Zhonglin, holds 39.33% of the shares, with 100,784,207 shares pledged[11] Expenses and Costs - Total operating costs amounted to ¥473.85 million, up from ¥285.71 million, reflecting a rise of 66.00%[36] - Research and development expenses totaled ¥29.09 million, compared to ¥24.53 million, reflecting a growth of 18.49%[36] - The company experienced a credit impairment loss of -¥3.30 million, compared to no loss in the previous period, indicating a new challenge in credit management[37] Investment and Other Income - Investment income rose by 81.28% to ¥11,315,164.33, attributed to increased returns from financial investments[16] - Non-recurring gains and losses totaled CNY 17,818,274.60 for the year-to-date[8] - Other income decreased to ¥4.15 million from ¥5.77 million, a decline of 28.29%[36] Inventory and Receivables - Accounts receivable rose by 38.95% to ¥841,882,543.66, primarily due to increased sales revenue with payments not yet received[26] - Inventory levels increased to CNY 319,862,633.75 from CNY 254,782,479.98, representing a rise of about 25.6%[31] - The company recorded a significant increase in other receivables, which rose by 108.85% to ¥68,396,107.48, linked to increased sales and corresponding deposits[26]

Financial Performance - Net profit attributable to shareholders increased by 97.16% to CNY 39,973,460.57 for the current period[9] - Operating revenue for the current period reached CNY 526,406,024.32, a growth of 70.82% year-on-year[9] - The net profit after deducting non-recurring gains and losses surged by 276.64% to CNY 34,880,247.55[9] - Basic earnings per share rose by 9.09% to CNY 0.12, while diluted earnings per share increased by 71.43% to CNY 0.12[9] - The company's operating revenue for the first three quarters of 2019 reached ¥1,332,013,182.75, a 35.05% increase compared to ¥986,289,833.37 in the same period of 2018, primarily due to aggressive market expansion[26] - Operating profit for the same period was ¥116,333,621.37, reflecting a 40.77% increase from ¥82,641,665.37 year-on-year, as expenses did not exceed the sales growth[26] - The net profit attributable to shareholders for the first three quarters was ¥91,044,334.16, a significant increase of 50.71% compared to ¥60,408,786.87 in the previous year[26] - Total operating revenue for the current period reached ¥526,406,024.32, a significant increase of 70.9% compared to ¥308,167,250.21 in the previous period[57] - Net profit for the current period was ¥41,328,119.68, representing a 70.7% increase from ¥24,228,524.86 in the previous period[60] - The total profit for the current period was ¥114,828,352.70, compared to ¥85,109,312.69 in the previous period, reflecting an increase of approximately 35%[75] Assets and Liabilities - Total assets increased by 13.34% to CNY 3,236,417,900.98 compared to the end of the previous year[9] - The company's total assets as of September 30, 2019, amounted to ¥2,605,518,352.52, compared to ¥2,246,301,479.62 at the end of 2018[37] - The company's total liabilities increased, with accounts payable rising by 41.76% to ¥588,997,771.70 from ¥415,497,651.27, reflecting increased purchases corresponding to higher sales[36] - The company's total liabilities increased to ¥1,054,396,145.58, up from ¥683,082,360.11, indicating a growth of 54.4%[56] - The company's total liabilities amounted to ¥845,658,483.92, with current liabilities at ¥783,932,552.08[106] - Total liabilities amounted to ¥845,658,483.92, with current liabilities at ¥783,932,552.08[106] - The company reported a total liability of CNY 1,138,162,938.03, up from CNY 845,658,483.92, indicating an increase of approximately 34.6%[43] Cash Flow - Cash flow from operating activities increased by 46.30% to CNY 29,669,851.89[9] - The net cash flow from operating activities was CNY 165,841,212.16, a recovery from a negative cash flow of CNY -61,016,637.42 in the previous period[90] - The cash inflow from operating activities totaled CNY 1,429,732,081.44, an increase from CNY 1,091,687,636.77 in the previous period[90] - The cash received from tax refunds was 34,349,842.51, an increase from 27,784,207.13, indicating improved tax recovery efforts[97] - The cash paid to employees increased to 182,499,379.16 from 140,150,988.01, reflecting a rise in workforce compensation[97] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,843[14] - The top shareholder, Wu Zhonglin, holds 39.33% of the shares, amounting to 132,878,944 shares[14] Research and Development - Research and development expenses for the current period were ¥29,086,897.01, an increase from ¥24,746,163.39 in the previous period, marking a growth of 17.5%[57] - Research and development expenses increased to CNY 97,184,360.40, up 33.6% from CNY 72,663,687.73 in the previous period, indicating a focus on innovation[79] Other Income and Expenses - The company reported government subsidies amounting to CNY 12,190,494.83 during the period[9] - Other income for the current period was ¥12,190,494.83, compared to ¥7,328,606.84 in the previous period, representing an increase of about 66%[73] - The company recorded a tax expense of ¥20,396,214.45, slightly up from ¥20,313,879.70 in the previous period[75] - The company reported a financial expense of -¥28,091,207.23, an improvement from -¥33,421,635.02 in the previous period[73] Equity - The company's equity attributable to shareholders reached CNY 2,025,664,728.16, up from CNY 1,942,691,068.06, marking an increase of about 4.3%[46] - Total equity rose to ¥2,179,400,658.43, compared to ¥2,078,862,721.24 in the previous period, reflecting a growth of 4.9%[56]

Financial Performance - Operating revenue for the period reached CNY 526,406,024.32, a 70.82% increase year-on-year[8] - Net profit attributable to shareholders rose by 97.16% to CNY 39,973,460.57 compared to the same period last year[8] - The net profit after deducting non-recurring gains and losses increased by 276.64% to CNY 34,880,247.55[8] - Basic earnings per share rose by 9.09% to CNY 0.12, while diluted earnings per share increased by 71.43% to CNY 0.12[8] - The company reported a net profit of CNY 1,062,247,967.77 for the period, up from CNY 961,710,030.58, indicating a growth of approximately 10.5%[35] - The company's net profit attributable to shareholders increased by 50.71% to ¥91,044,334.16, driven by sales growth and controlled expense increases[17] - Net profit for the period was ¥41.33 million, a substantial increase from ¥24.23 million, marking a growth of around 70.8%[38] - The company reported a total profit of CNY 114,828,352.70 for Q3 2019, up from CNY 85,109,312.69 in Q3 2018, which is an increase of approximately 35%[47] Assets and Liabilities - Total assets increased by 13.34% to CNY 3,236,417,900.98 compared to the end of the previous year[8] - The company's total assets as of September 30, 2019, amounted to ¥2,605,518,352.52, up from ¥2,246,301,479.62 at the end of 2018[26] - Total assets increased to CNY 3,236,417,900.98 as of September 30, 2019, up from CNY 2,855,551,982.70 at the end of 2018, representing a growth of approximately 13.3%[30] - The total liabilities increased to CNY 1,138,162,938.03 from CNY 845,658,483.92, showing an increase of approximately 34.6%[29] - Current liabilities rose to CNY 1,084,146,036.53, compared to CNY 783,932,552.08 in the previous year, indicating an increase of about 38.4%[29] - Accounts receivable rose by 38.95% to ¥841,882,543.66, primarily due to increased sales revenue with payments not yet received[26] - Other receivables increased by 108.85% to ¥68,396,107.48, mainly due to increased sales leading to higher deposits and guarantees[26] Cash Flow - Cash flow from operating activities increased by 46.30% to CNY 29,669,851.89[8] - The net cash flow from operating activities was 165,841,212.16 CNY, a significant improvement compared to the previous period's negative cash flow of -61,016,637.42 CNY[55] - Total cash inflow from operating activities reached 1,429,732,081.44 CNY, up from 1,091,687,636.77 CNY in the prior period, reflecting a growth of approximately 31%[55] - Cash outflow for purchasing goods and services was 808,874,816.50 CNY, compared to 678,540,153.10 CNY in the previous period, indicating an increase of about 19%[55] - The net cash flow from investment activities was -46,118,715.66 CNY, an improvement from -488,121,637.72 CNY in the last period[56] - The ending cash and cash equivalents balance increased to 710,586,659.04 CNY from 417,741,743.87 CNY, marking a substantial rise of approximately 70%[56] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,843[12] - The largest shareholder, Wu Zhonglin, holds 39.33% of the shares, with 100,784,207 shares pledged[12] Government Support - The company received government subsidies amounting to CNY 12,190,494.83 during the reporting period[9] Research and Development - Research and development expenses totaled ¥29.09 million, up from ¥24.75 million, showing an increase of about 17.5%[37] - Research and development expenses for Q3 2019 amounted to CNY 97,233,622.42, compared to CNY 81,897,790.72 in Q3 2018, marking an increase of about 19%[46] Compliance and Regulations - The report indicates a significant focus on compliance with new financial regulations, impacting asset classifications and valuations[70] - The company has not provided specific guidance for future performance in the report[72] - The company has not undergone an audit for the Q3 report, indicating that the figures are unaudited[72]

广东通宇通讯股份有限公司 2018 年第三季度报告正文 证券代码：002792 证券简称：通宇通讯 公告编号：2018-056 广东通宇通讯股份有限公司 2018 年第三季度报告正文 1 广东通宇通讯股份有限公司 2018 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴中林、主管会计工作负责人黄思定及会计机构负责人(会计主 管人员)赵世阳声明：保证季度报告中财务报表的真实、准确、完整。 2 广东通宇通讯股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 2,874,405,506.00 | | 2,987,157,193.51 | -3.77% | | 归 ...

Revenue and Profit Performance - The company's operating revenue for the reporting period was ¥678,122,583.16, a decrease of 8.30% compared to the same period last year[29]. - The net profit attributable to shareholders was ¥40,134,611.94, down 57.26% year-on-year[29]. - The net profit after deducting non-recurring gains and losses was ¥37,418,983.65, a decrease of 49.46% compared to the previous year[29]. - The net cash flow from operating activities was -¥125,100,629.58, representing a decline of 198.62% year-on-year[29]. - The total assets at the end of the reporting period were ¥2,837,790,769.98, a decrease of 5.00% from the end of the previous year[29]. - The net assets attributable to shareholders increased by 1.62% to ¥1,940,846,180.22 compared to the end of the previous year[29]. - The company reported a significant operating loss of ¥41,295,000 for its wholly-owned subsidiary in Hong Kong, leading to a full impairment of long-term equity investment[42]. - The company’s comprehensive income totaled CNY 42.64 million, down from CNY 91.48 million in the same period of 2017[154]. - The company reported a decrease in comprehensive income of 11,200,000 CNY during the period[169]. Client and Market Dependency - The company reported a significant revenue concentration risk, with major clients including China Mobile, China Telecom, and China Unicom, which account for over 80% of the market share in the telecommunications equipment sector[8]. - The company has a high dependency on a limited number of large clients, which could negatively impact operations if any of these clients face difficulties[9]. - The company faces a high customer concentration risk, with over 80% of its market share held by major international telecom equipment integrators like Huawei, Ericsson, and Nokia[85]. Research and Development - The company has developed multiple core technologies and proprietary intellectual property, which are crucial for maintaining competitive advantages in the market[11]. - The company has a strong R&D team with over 40 personnel holding master's or doctoral degrees, enhancing its technological advantages in communication antenna and RF device development[43]. - The company's R&D investment increased by 21.63% to CNY 57.15 million, reflecting a commitment to enhancing technological capabilities[56]. - The company has initiated research and development for new products to enhance its competitive edge in the market[168]. Financial Strategy and Investments - The company plans not to distribute cash dividends or issue bonus shares, indicating a focus on reinvestment[17]. - Total investments during the reporting period amounted to ¥579,506,516.76, representing a 115.78% increase from ¥268,558,785.03 in the previous year[66]. - The company plans to expand its base station antenna production with an investment of RMB 20,253 million, which represents a 43.99% increase compared to the previous period[75]. - The international marketing and service network construction project has an investment of RMB 3,000 million, reflecting a 15.43% increase[75]. Market Expansion and Competition - The company is actively expanding its international market presence, which contributed to the significant revenue growth in overseas regions[61]. - The overseas market sales growth exceeded expectations, contributing positively to overall performance[53]. - The company is facing intense competition in the telecommunications industry, leading to a decrease in gross margin and an increase in operating expenses[82]. - The company emphasizes the importance of keeping pace with technological advancements in communication technology to avoid losing competitive edge[12]. Shareholder Commitments and Governance - The actual controllers of the company, Wu Zhonglin and Shi Guiqing, hold a combined 67.11% of the shares, which allows them to influence major business decisions[13]. - The company has commitments from shareholders to maintain their shares for 36 months post-IPO, ensuring stability in shareholding[94]. - The actual controller Wu Zhonglin and Shi Guiqing committed to a share repurchase plan if the company's stock price remains below the latest net asset value per share for 20 consecutive trading days[95]. - The company will publicly disclose any failure to fulfill share reduction commitments and apologize to shareholders and the public[96]. Financial Health and Liquidity - The cash flow from financing activities included 12,157,695.92 CNY in dividend payments, down from 45,000,050.80 CNY in the previous period, indicating a reduction in shareholder returns[161]. - The company recorded other income of CNY 1.56 million, significantly lower than CNY 17.65 million in the same period last year[153]. - The company has a strong manufacturing and quality control system, ensuring high product quality and efficiency[47]. - The company has not reported any significant changes in its registered address or contact information during the reporting period[27]. Compliance and Regulatory Matters - The company did not conduct an audit for the semi-annual financial report[99]. - There were no major litigation or arbitration matters during the reporting period[101]. - The company has not faced any penalties or rectification issues during the reporting period[102]. - The company has made commitments to avoid competition with its controlling shareholders[98].